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SHUIFU, Yunnan, Dec. 28 (Xinhua) -- The Jinsha River in south China was blocked on Sunday to make way for construction of a new hydropower project on the upper reaches of the Yangtze River.     At a cost of 43.4 billion yuan (about 6.3 billion U.S. dollars), the Xiangjiaba Hydropower Project is expected to be completed by 2015. It will be able to generate 30.7 billion kw hours of electricity a year.     "Electricity generated by hydropower stations will mainly be sold to China's eastern, southern and central regions," said Li Yong'an, general manager of the China Yangtze River Three Gorges Project Development Corporation. "Sichuan and Yunnan provinces will also benefit from it." Workers cheer for the damming of the Jinsha River in the construction of the Xiangjiaba Hydropower Station which is the third largest of its kind in China.     In addition to providing power, the project will play a role in flood control and farmland irrigation.     About 125,100 people from three counties of Yunnan Province and three counties of Sichuan Province have been resettled to make way for the project.     The Xiangjiaba project is one of a series of hydropower plants China plans to build on the Jinsha River to supply electricity to its economically more developed coastal regions.     The 2,290-kilometer-long Jinsha River, a tributary of Yangtze River, originates in Tanggula Range and flows through Qinghai, Tibet, Yunnan, and Sichuan.     Water is mostly stored in the river's middle and lower reaches where China plans to build 12 hydropower stations to share a 59.08- million-kilowatts installed capacity. Photo taken on Dec. 28, 2008 shows the last phase of damming the Jinsha River in the construction of the Xiangjiaba Hydropower Station which is the third largest of its kind in China.

Chinese Premier Wen Jiabao (R) shakes hands with former Japanese Prime Minister Yasuo Fukuda ahead of the closing ceremony of "China-Japan Friendly Exchange Year of the Youth" in Beijing, capital of China, Dec. 20, 2008.     BEIJING, Dec. 20 (Xinhua) --A total of 2,008 young people from China and Japan on Saturday concluded a year-long youth exchange program between the two countries.     Chinese Premier Wen Jiabao and former Japanese Prime Minister Fukuda Yasuo joined the youth at the closing ceremony in Beijing University of Aeronautics and Aerospace.     In their half-hour meeting before the ceremony, Wen and Fukuda, who decided on this program during their talks in Singapore last year, hailed the exchange program "reached its expected aims."     The program coincided with the 30th anniversary of the signing of the China-Japan Peace and Friendship Treaty, which Wen said "made the exchange activities more significant."     Under the program, more than 12,000 youth from China or Japan paid visits to the other country since the program was launched in March in Beijing.     "Hopefully the young generation of the two countries will keep the old memories, cherish the current days and create a bright future," Wen said, calling for youth to carry forward China-Japan friendship.     Fukuda said Japan-China was founded on the deeper mutual understanding and friendship between the two peoples.     "The exchange program is a great success and will help boost the youth interaction," Fukuda said.     As a finale of the program, a 1,000-member Japanese delegation were paying week-long visit to China. Among the delegations were Japanese youth from various walks of life, including parliamentarians, government officials, businessmen and journalists.

MOSCOW, Oct. 28 (Xinhua) -- China and Russia issued a joint communique here Tuesday, pledging further efforts to strengthen strategic coordination and deepen cooperation in various fields.     The communique was signed by visiting Chinese Premier Wen Jiabao and his Russian counterpart Vladimir Putin at the 13th regular prime ministers' talks between the two countries. Chinese Premier Wen Jiabao (2nd L) and Russian Prime Minister Vladimir Putin (2nd R) sign a joint communique on the 13th regular meeting between Chinese and Russian prime ministers in Moscow, capital of Russia, Oct. 28, 2008. Wen Jiabao and Putin held talks here Tuesday at the 13th regular meeting between Chinese and Russian prime ministersDuring his visit, Wen also held separate talks with Russian President Dmitry Medvedev and Speaker of the Russian Federation Council Sergei Mironov, and attended the third China-Russia Economic and Trade Summit Forum.     During his meeting with Medvedev, Wen and the Russian president had an in-depth exchange of views on the two countries' strategic coordination and cooperation, as well as major regional and international issues. Russian President Dmitry Medvedev (R) meets with visiting Chinese Premier Wen Jiabao in Moscow, capital of Russia, Oct. 28, 2008The two leaders said that the Sino-Russian strategic partnership of cooperation has witnessed rapid growth in recent years, with enhanced mutual trust and support and broadened cooperation in key areas.     The two sides agreed that it is important and urgent for China and Russia to comprehensively strengthen bilateral relations in the current complicated international situation. Chinese Premier Wen Jiabao (L) meets with Russian Prime Minister Vladimir Putin in Moscow, capital of Russia, Oct. 28, 2008. Wen Jiabao and Putin held talks here Tuesday at the 13th regular meeting between Chinese and Russian prime ministersIn line with the spirits and principle of the treaty of good-neighborliness and friendly cooperation, China and Russia will implement all agreements and consensus reached by the two sides, promote mutual political trust, facilitate pragmatic cooperation and deepen strategic coordination, so as to benefit the two countries and peoples and make greater contributions to world peace and stability.     Wen and Putin noted that the prime ministers' regular talks have played a significant role in boosting pragmatic bilateral cooperation in various fields, saying both countries are willing to continue to better the mechanism and improve its efficiency. Chinese Premier Wen Jiabao addresses the opening ceremony of the Third Sino-Russian economic forum in Moscow, capital of Russia, Oct. 28, 2008The two sides will make all events of the "national theme year" of China and Russia approved by the two heads of state a regular occurrence, implement the plan for the year of Russian language in2009 in China, and make preparations for the year of Chinese language in 2010 in Russia.     The two countries will make joint efforts to further expand trade and economic cooperation, so as to promote their economic development.     Both sides should give full play to the role of the China-Russia Chamber of Commerce of Machinery and Electronic Products, and take practical measures to increase high-tech products in bilateral trade. Russian Prime Minister Vladimir Putin addresses the opening ceremony of the Third Sino-Russian economic forum in Moscow, capital of Russia, Oct. 28, 2008.The two sides will, in the principle of equality and mutual benefit, make use of the Sino-Russian investment promotion conference and take measures so as to sign a draft plan of China-Russia investment cooperation at an early date, to create a sound investment environment, effectively protect the legal rights and interests of investors, implement investment projects of mutual interests, and expand cooperation in industrial projects, infrastructure construction and renovation.     They will continue to step up regional cooperation along the border, to further regulate the cross-border trade order, improve the structure of commodities, and upgrading the infrastructure in port cities.     The two sides reaffirmed that energy cooperation is an important part of the China-Russia strategic partnership of cooperation, and the two nations should deepen energy cooperation on the basis of mutual benefit.     Both sides agreed to support cooperation in oil and gas, including long-term trade of crude oil, the construction of oil pipelines linking Russia and China, the upstream and downstream cooperation in oil fields, natural gas supply and the establishment of natural gas processing and chemical enterprises.     The two sides also agreed to widen and deepen long-term cooperation in space technology to ensure the completion of the 2007-2009 space cooperation program as scheduled.     In the fields of science and technology, China and Russia, by combining their efforts in high priority fields of scientific research, will implement joint projects with great innovative potential and commercial prospects. The two sides will further promote cooperation in nanotechnology, energy, energy saving, ecology and rational utilization of natural resources.     The two sides also agreed to push forward cooperation in transportation and traffic infrastructure, enhance cooperation in such areas as trade and project financing, bank card and export credit insurance, and to further cooperation in the civil aviation sector.     They spoke highly of bilateral cooperation in telecommunication and information and communication technology, and pledged to improve the cooperative mechanism in anti-monopoly, supervision of advertisement law and anti-unfair competition, and to expand and deepen cooperation in information exchange in the border area.     Both sides will continue to expand cooperation in disaster relief and strengthen relevant exchange in science and technology and information.     The two sides are willing to boost cooperation in environmental protection and reasonable utilization and protection of cross-border water.     They agreed to continue to organize and hold activities of cultural exchanges between the youths of China and Russia, including an art festival, summer or winter camps and language competitions.     The two sides expressed satisfaction with the successful Russian cultural festival in China this year and support for the Chinese cultural festival in Russia in 2009, which they said will be an important event marking the 60th anniversary of the establishment of diplomatic ties between the two countries.     The two sides will encourage their libraries, museums and theaters to set up direct contacts and develop cooperation.     Both countries will also continue to deepen cooperation in health-care services, especially in such fields as prevention and treatment of infectious diseases, rest cure and medicine supervision.     They will facilitate sports exchanges and cooperation, agreeing to hold the 3rd China-Russia youth games in 2009.     The two sides will comprehensively implement bilateral accords and programs in tourism, and improve the mechanism and expand cooperation in such fields as media, movie production and file management.     They agreed to hold the 14th regular prime ministers' talks in China next year on a date to be decided through diplomatic discussions.     During the 13th prime ministers' regular talks, the two countries signed a number of documents, including several agreements on cooperation in such fields as energy, banking and high technology.     Wen arrived here Monday for a three-day official visit to Russia aimed at strengthening China's strategic partnership with the country.     Russia is the first leg of Wen's two-nation tour, which will also take him to Kazakhstan.

BEIJING, Jan. 16 (Xinhua) -- China's State Council, or Cabinet, appointed Friday nine new counselors and six new members of the Central Research Institute of Culture and History.     Premier Wen Jiabao conferred the appointments, saying this year was the 60th founding anniversary of the counselors' department and the 58th for the institute, both founded on proposals by then leaders Mao Zedong and Zhou Enlai.     The two institutions were a major part of the Communist Party of China's United Front work, established to unite all forces in the development the nation, as well as a component of the government work.     Wen asked the counselors and researchers to advise the government by collecting public opinions and grassroots information, play a supervisory role, and helping boost the country's cultural sector.     The global financial crisis had brought a new opportunity for cultural development as the confidence for dealing with the crisis relied on cultural heritage and scientific spirits, he said.

BEIJING, Nov. 17 -- Chinese banks should be alert to the risks of growing bad loans and narrowing profit margins amid a worsening global financial crisis and domestic interest rate cuts, a senior banking regulator has warned.     China Banking Regulatory Commission Vice Chairman Jiang Dingzhi told a financial forum in Beijing on Saturday that China's banking system, despite being generally healthy, faces growing risks.     "Our judgment is that losses at overseas financial institutions will widen further, and capital shortfalls will become more serious," Jiang said     "The financial crisis won't end in the near term. So we should not turn a blind eye to the risks " Jiang said, warning that the first risk China may face in the coming years is "exported inflation" from developed economies.     He said many developed economies have taken quick action to inject huge liquidity and credit into their banks to stabilize financial systems and it is likely that the banks will export capital to developing countries such as China (through direct investment or loans).     "That may cause high inflation (for us) and we should keep a close eye on cross-border capital flows," said Jiang.     Jiang also warned that bad loans, especially in the real estate sector, are the second risk that China's banks are confronted with.     "Bad loans are already showing an upward trend, especially in the property market where the mortgage default risk is growing at an accelerating pace," Jiang said, without elaborating.     Jiang also said Chinese banks may encounter growing losses from their overseas investment as the global financial crisis remains "far from over".     The government said earlier that Chinese banks suffered "very limited losses" overseas as their exposure to bankrupt global financial companies was not much.     Jiang said Chinese banks also face narrowing profit margins as the central bank cuts interest rates to boost the slowing economy. Banks are encouraged to lend after the government announced a 4 trillion yuan (586 billion U.S. dollars) stimulus plan a week ago.     The People's Bank of China has cut interest rates thrice this year after economic growth cooled to 9 percent in the third quarter, the slowest rate in five years. He said the banks will see declining profits next year as lower interest rates shrink margins and loan defaults may increase.     However, Jin Liqun, chairman of the supervisory board of China Investment Corp, said Chinese banks should continue market-oriented reforms despite the risks.     "All these risks cannot be used as excuses to defer further reform in the banking system," said Jin at the forum. "Only with market-oriented reforms can our banks further build up their capabilities in profit-making and risk-prevention."     Jiang said China's banking system remains "in good health" with all major indicators at their best levels ever.     Banks' total assets, 59.3 trillion yuan at the end of September, were five times the level of 10 years ago when the Asian financial crisis erupted, he added. And banks reduced their average bad-loan ratio to 5.49 percent at the end of September, from 6.3 percent at the end of March.     "These sound indicators are the basis of our confidence to battle financial crisis," Jiang said.