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BEIJING, May 4 (Xinhua) -- Chinese equities dropped to a seven-month low Tuesday, after the central bank said Sunday it would raise the deposit reserve requirement ratio (RRR) for most financial institutions for the third time this year.The benchmark Shanghai Composite Index lost 1.23 percent to close at 2,835.28 points.The Shenzhen Component Index fell 1.81 percent to 10,960.77 points.Total turnover shrank to 141.55 billion yuan (20.7 billion U.S. dollars) from 191.91 billion yuan on the previous trading day.Losers outnumbered gainers by 533 to 347 in Shanghai and 488 to 429 in Shenzhen.

VIENNA, May 19 (Xinhua) -- Visiting Chinese Minister of Commerce Chen Deming stressed here on Wednesday that China will continue to stick to the policy of opening up and protecting the legitimate rights and interests of foreign-invested enterprises (FIEs) in the country.Speaking at a joint press conference with Reinhold Mittelehner, the Austrian economic affairs minister, and Christoph Leitl, president of the Austrian Chamber of Commerce, Chen said the Chinese government will step up intellectual property protection, and that all foreign investment enterprises in China will be treated equally.He called on Austria's small and mid-sized businesses to invest in China, especially in western China where "there are better chances."China and Austria should amend their agreements on investment protection for better results, Chen said.In addition to cooperation in traditional industries such as machinery, auto parts and transportation infrastructure, China and Austria can also cooperate in clean energy and environmental protection, Chen said.Chen was leading a trade mission to Austria. The two countries signed over a dozen cooperation agreements in trade and economy.

YUSHU, May 11 (Xinhua) -- Chinese Vice Premier Li Keqiang has called on reconstruction teams to finish their work within three years in the earthquake stricken areas of the northwestern Qinghai Province.Li, also member of the Standing Committee of the Communist Party of China Central Committee Political Bureau, made the remark during a visit Monday and Tuesday in Yushu Tibetan Autonomous Prefecture, epicenter of a 7.1-magnitude earthquake on April 14.He asked relief workers to finish removing debris, select the site of a new township and the layout of urban and rural areas by the end of May.By the end of this year, reconstruction teams should strive to finish all reinforcement work for reparable buildings in the quake zone, finish building new homes for most rural residents and herdsmen, and start building new homes for most urban residents, Li said.He asked local government officials to ensure that all quake survivors get enough and safe food, water and other necessities. Chinese Vice Premier Li Keqiang visits local temporary hospital in Yushu, Qinghai on Tuesday. Li urges local health and disease control personnel to prevent disease outbreaks and prepare effective treatments for altitude sickness before reconstruction workers arrived.Li urged local health and disease control personnel to prevent disease outbreaks and prepare effective treatments for altitude sickness before reconstruction workers arrived.Visiting a residential construction site in Jiegu Town, Li urged that the quality of new homes should be guaranteed.He also encouraged local quake survivors to overcome difficulties to resume their normal lives.Supplies of water and electricity as well as transport are being restored in the severely damaged Jiegu Town.Li outlined five aspects for the future relief work:-- Funding for quake survivors' subsidies, emergency rescue and temporary resettlement must be secured.-- Authorities should work out a general plan and special projects for reconstruction as soon as possible. The central government would provide favorable tax, loans, land and employment policies.-- Before large-scale reconstruction, designs for residential houses and public facilities should be prioritized.-- Heating and winter tents should be prepared for survivors who could not move into new buildings before cold weather arrives.-- School buildings, hospitals as well as water, electricity, telecommunications and transport facilities should be prioritized in reconstruction.Ethnic customs and traditions should be respected, he said.

WASHINGTON, April 12 (Xinhua) -- Chinese President Hu Jintao said Monday that China would firmly stick to the path of reforming its currency exchange rate formation mechanism based on its own economic and social development needs.Hu said detailed measures for reform should be considered in the context of the world's economic situation, its development and changes, as well as China's economic conditions."RMB appreciation would neither balance Sino-U.S. trade nor solve the unemployment problem in the United States," Hu told U.S. President Barack Obama.Chinese President Hu Jintao (L) meets with U.S. President Barack Obama in Washington April 12, 2010. President Hu Jintao arrived in Washington on Monday to attend the Nuclear Security Summit slated for April 12-13.The Chinese leader said his country does not intend to pursue a trade surplus over the United States.China would like to take additional measures to increase imports from the United States, Hu said, urging the United States to loosen its export control over high-tech products so that exports to China could be increased.He expressed the hope that trade frictions between the two countries can be solved through negotiations so that Sino-U.S. economic and trade cooperation can be maintained.President Hu also said the advancement of Sino-U.S. economic and trade ties, an important part of the two countries' relations, would benefit not only China, but also the United States, as well as the world's economic development.

COPENHAGEN, May 28 (Xinhua) -- Danish Deputy Prime Minister and Foreign Minister Lene Espersen met here Friday with visiting Vice Chairman of the Chinese National People's Congress Standing Committee Hua Jianmin.Espersen congratulated China on its successful opening of the 2010 World Expo in Shanghai. She said Denmark has fully supported the expo by sending its national treasure Little Mermaid."I hope the Chinese audience will learn more about the Danish culture and the economic and social development of Denmark," Espersen said.The minister praised the Chinese people's hard working and entrepreneurial spirit, and lauded the miracle of China's economic development.Espersen said China and Denmark are important trading partners, not least due to the fact that there are more than 400 Danish enterprises investing in China."Denmark greatly appreciates that China recently sent a trade and investment mission to visit Denmark, and Denmark more than welcomes Chinese corporations to invest in Denmark," Espersen said.Hua, for his part, said bilateral relations have matured over the past 60 years. He said the two sides have sought a common ground on the basis of friendly cooperation.Hua noted that the bilateral comprehensive strategic partnership established in 2008 has offered new opportunity for further development of the Sino-Danish relationship.He also mentioned the increased cultural exchanges between China and Denmark, citing the establishment of a Confucius Institute in Denmark.