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BEIJING, Oct. 19 (Xinhua) -- Chinese State Councilor Ma Kai said Tuesday that China was willing to enhance energy dialogue and cooperation with other nations.China attaches great importance to energy-saving and environmental protection while striving to achieve a comprehensive, coordinated and sustainable development of energy, Ma said during a meeting with some participants of the 2010 China International Energy Forum in Beijing.The participants included Pierre Gadonneix, chairman of the World Energy Council, and Randall Gossen, president of the World Petroleum Council.Ma said China's energy consumption mainly depended on domestic supply. Meanwhile the country was an active participant in international energy cooperation.Gadonneix said the forum would pay more attention to the issue of energy development and environmental protection, enhance diversity and inclusiveness of the event, and contribute to the world's sustainable development.

SHANGHAI, Oct. 30 (Xinhua) -- Chinese Premier Wen Jiabao's trip to Vietnam, during which he attended a series of summits between the Association of Southeast Asian Nations (ASEAN) and its partners, enhanced good-neighborly relations, promoted regional cooperation and common development, Foreign Minister Yang Jiechi said Saturday.During his three-day stay in Hanoi, Wen attended the 13th summit between China and ASEAN (10+1), the 13th summit between ASEAN, China, Japan and the Republic of Korea (10+3) and the fifth East Asia Summit. He also had bilateral meetings with some leaders on the sidelines of the summits.When briefing reporters on the outcome of the premier's trip, Yang said that the situation in East Asia is undergoing profound changes, with both opportunities and challenges ahead.Chinese Premier Wen Jiabao (6th L) poses for a group photo with leaders attending the 13th China-ASEAN Summit in Hanoi, capital of Vietnam, Oct. 29, 2010.To boost political mutual trust, promote mutually beneficial cooperation and push for regional integration and sustainable development is the common will shared by countries in the region, and is also the main theme of the summits, Yang said.He said peace, stability and development of East Asia is crucial to China, and that China has always valued and participated in cooperation with East Asian partners.The goal of Premier Wen's trip was to cement good-neighborly relationship, deepen regional cooperation and boost common development, Yang said.During his 48-hour stay in Hanoi, Wen attended some 20 activities, delivered several important speeches, and put forward dozens of proposals, Yang said.The premier also had extensive contacts with leaders of other countries, held in-depth exchanges with them, and expounded in a sincere and objective manner China's foreign policy principles of "building friendship and partnership with neighboring countries" as well as its policy of seeking mutually beneficial and peaceful common development with other countries, Yang said.China's position was hailed by all sides, and Wen's trip further strengthened China's friendly cooperative ties with its neighbors, and boosted East Asia cooperation, Yang said.Premier Wen's pragmatic and highly-efficient trip scored great successes, the top Chinese diplomat said.

BEIJING, Sept. 7 (Xinhuanet) -- China will "vigorously" expand its imports of key products as the nation strives to cut its trade surplus amid growing protectionism against the world's largest exporter, a senior Chinese trade official said on Monday."We will especially encourage imports of products the nation is short of, especially advanced technology and key equipment," said Chong Quan, China's deputy international trade representative.Special attention will be paid to expanding imports from countries that China has a trade surplus with, he said at the China Import Forum organized by the Ministry of Commerce.Due to their domestic economic woes and political pressure, some developed countries, in particular the US, have accused China of piling up trade surpluses through policies such as an undervalued currency. This argument conveniently ignores other factors at play, such as their own export restrictions.Nonetheless, in the first six months of this year, US exports to China increased 35.7 percent year-on-year, 13 percentage points higher than its overall export growth, according to US figures.Despite the surge of its trade surplus in July, which stood at .7 billion, China will see the surplus drop dramatically for the year to about 0 billion, compared to 0 billion in 2009 and 0 billion in 2008, trade officials said. The country even registered a rare trade deficit of .2 billion in March.As a result of the shift in strategy, the ratio of China's current account (mainly trade of goods) balance to its gross domestic product has been dropping continually since 2007, said Zhang Yansheng, director of the Institute of Foreign Trade at the National Development and Reform Commission."China's processing trade (bringing in goods and exporting finished products), which is the bulk of its exports, could plummet in the coming five years," he said.

BEIJING, Nov. 5 (Xinhua) -- The quota shift, or the voting power redistribution of the International Monetary Fund (IMF), is just the start of IMF reform, a senior Chinese foreign affairs official said here Friday."G-20 leaders have pleged that progress should be made in terms of IMF quota reform prior to the Seoul summit, and now we will honor the commitment," said Chinese Vice Foreign Minister Cui Tiankai at a news briefing on China's outlook for the G20 summit in Seoul next week.At a G-20 finance ministers' meeting held last month, participants agreed to shift six percent of the IMF quota to emerging or under-represented countries such as China, India and Brazil, from developed economies."This is obvious progress," Cui commented on the proposal forged at the minister-level meeting, adding that the Chinese side hoped the IMF's board would agree on the quota transfer."China is one of the under-represented countries and it's rational and sensible to give China more quota," said the vice foreign minister.China would not try to maximize its own interests, but seek an all-win situation with other emerging economies and other IMF members, Cui added.Cui said the quota shift was far from the end of the IMF reform and he looked forward to more changes to the financial institution."This is not the end, not even the beginning of the end, but the end of the beginning," Cui said.Many countries have said that the way to calculate the quota itself needs to be reformed, as well as the IMF governance structure.

BEIJING, Sept. 14 (Xinhua) -- China UnionPay and MasterCard Worldwide announced Tuesday that they have signed a Memorandum of Understanding for future business development.The agreement seeks to set up a cooperation mechanism for both sides and the two companies plan to form working groups to discuss and implement development plans for online payments and other business opportunities.China UnionPay is the bankcard association in China, operating unified interbank clearing and settlement systems throughout the country.