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BEIJING, April 6 (Xinhua) -- China's outstanding external debt reached 428.6 billion U.S.dollars by the end of 2009, up 14.4 percent from a year earlier, the State Administration of Foreign Exchange (SAFE) said here in a statement on its website Tuesday.The figure excluded Hong Kong Special Administrative Region (SAR), Macao SAR, and Taiwan.The country's registered foreign debt was equivalent to 266.95 billion U.S. dollars by the end of last year, up 2.5 percent from the 2008 level. Outstanding trade credits stood at 161.7 billion U.S.dollars, according to SAFE.China's foreign debt service ratio was 2.87 percent, while the foreign debt ratio and liability ratio stood at 32.15 percent and 8.73 percent, respectively, SAFE said.Mid- and long-term external debt, accounting for 39.52 percent of all outstanding foreign debt, totaled 169.39 billion U.S.dollars by 2009, most of which came from manufacturing and infrastructure construction in transportation, storage and postal services, it said.Short-term external debt rose 23 percent to 259.26 billion U.S.dollars year on year by the end of 2009, accounting for 60.48 percent of the total.New mid- and long-term debt in 2009 declined 38.18 percent to 22.45 billion U.S.dollars from a year earlier.China repaid principals for mid- and long-term loans of 34.19 billion U.S. dollars and 3.63 billion U.S. dollars in interest in 2009, up 46.78 percent and down 12.64 percent year on year, respectively, said SAFE.
WASHINGTON, April 25 (Xinhua) -- World Bank member countries reached an agreement on Sunday to shift more power to emerging and developing nations, under which China's votes increased to 4.42 percent from 2.77 percent, making it the third largest voting power holder in the Washington-based international institution.In total, the World Bank approved a 3.13-percentage-point increase in the voting power of the Developing and Transition Countries (DTCs), making it 47.19 percent now and representing a total increase of 4.59 percentage points for the DTCs since 2008."This increase fulfills the Development Committee commitment in Istanbul in October 2009 to generate a significant increase of at least 3 percentage points in DTC voting power," said the World Bank in a statement.Chinese Finance Minister Xie Xuren (C, Front) and other participants pose for a group photo prior to the IMF-World Bank Development Committee meeting in Washington April 25, 2010.After a first phase of reforms agreed in 2008, developing countries have an around-44-percent share in the World Bank.At the Pittsburgh G20 summit in September 2009 and the Istanbul Development Committee meeting in October 2009, the bank's shareholders agreed to raise the voting rights to at least 47 percent for developing and transition countries."We were just pleased that we are getting close to reflecting China's increasing share in world economy, and that is reflected in edited voting share," World Bank President Robert Zoellick told Xinhua after the Development Committee meeting."Today was a good day for multilateralism," said Zoellick. " This shift of shares is agreed by our shareholders. They try to recognize the change in the world economy and include the contribution to the development in the methods, which can encourage developing countries in transition."
BEIJING, May 7 (Xinhua) -- Chinese Premier Wen Jiabao on Friday pledged to work with Bosnia and Herzegovina to enhance the bilateral relationship between the two nations."We should work together to achieve this goal based on mutual respect, equality and mutual benefit," Wen said during his talks with Nikola Spiric, chairman of the Council of Ministers of Bosnia and Herzegovina.Hailing the traditional friendship between the two nations, Wen said China respects the independence, sovereignty and territorial integrity of Bosnia and Herzegovina, and respects its peoples's choice of their development path.Wen hoped the western Balkan region would achieve lasting peace and stability.Wen said trade and economic cooperation between the two countries has good prospects. The Chinese government encourages reputable companies to invest in Bosnia and Herzegovina and to participate in its economic construction.He welcomed Bosnian enterprises to further develop the Chinese market and expand exports to China.Both sides should make joint efforts to promote cultural, educational and tourism exchanges to enhance mutual understanding between the two peoples and friendship, he said.Spiric thanked China for its valuable support and help.Bosnia and Herzegovina attached importance to China's development, and wished to strengthen its friendly and cooperative relations with the country, he said.Bosnia and Herzegovina is willing to maintain high-level exchanges with China and will continue to firmly support China in major issues concerning China's core interests.Spiric hoped to work with China to strengthen cooperation in economy and trade, infrastructure construction, education, cultural exchanges, and welcomed Chinese enterprises to invest in Bosnia and Herzegovina.Bosnia and Herzegovina welcomes Chinese people to visit the country, he added.After their talks, Wen and Spiric witnessed the signing of cooperation documents between the two countries.China's top political advisor Jia Qinglin met with Spiric later on Friday, applauding the country's adherence to the one-China policy.Jia, chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), said the CPPCC would increase exchanges and cooperation with the country's parliament, to contribute to the development of bilateral ties.Chinese vice premier Zhang Dejiang also met with Spiric Friday evening, hoping the two sides would expand cooperation in construction of highways and power plants.Spiric is the first prime minister of Bosnia and Herzegovina to visit China since the two countries forged diplomatic ties 15 years ago.Spiric will also visit Shanghai to attend the National Pavilion Day of Bosnia and Herzegovina, and tour Xi'an, capital of northwest China's Shaanxi province.
XIANGNING, Shanxi, April 11 (Xinhua) -- The death toll in the flooded Wangjialing coal mine in north China's Shanxi Province rose to 28 after one more body was recovered Saturday afternoon.Rescuers are searching for the 10 miners who remained missing, the rescue headquarters said.About 280,000 cubic meters of water had been pumped out by Saturday, more than two times of the planned volume, said the spokesman Liu Dezheng at a press conference.The water in section two had been all drained up and the search work there had been finished, Liu said.More than 60,000 meters of water had been pumped out in section one, nearly four times than planned, but the water level fell much slower than expected, Liu said.Toxic gas also brought great difficulties to rescue work, he said.A total of 261 miners were working below ground when the mine was flooded on March 28, and 108 miners escaped unharmed while 153 were trapped underground.On Monday, 115 miners were brought out of the mine alive after being trapped for more than a week. They are receiving medical care in five hospitals in Hejin and Taiyuan Cities.
YUSHU, Qinghai, April 23 (Xinhua) -- A Chinese official Thursday said there had been no looting of quake relief materials in northwestern province of Qinghai and the aid had been distributed to victims in a fair and transparent way.Geng Yang, director of the Qinghai Provincial Department of Civil Affairs, said sparse looting did happen in the early period of the distribution of the relief materials."But this has been promptly stopped by government," Geng said in response to some media reports which also said some individuals in the Tibetan Autonomous Prefecture of Yushu, hit by a 7.1-magnitude quake on April 14, stockpiled and sold the materials at high prices. Rescuers search for possible survivors and useful articles of local people in Gyegu Town of quake-hit Tibetan Autonomous Prefecture of Yushu, northwest China's Qinghai Province, April 22, 2010.Geng said their own investigations did not discover the alleged misconduct.