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PHUKET, Thailand, July 22 (Xinhua) -- China and the United States need to maintain high-level contact and deepen cooperation in various areas of common concern, Chinese Foreign Minister Yang Jiechi said here Wednesday in his meeting with U.S. Secretary of State Hillary Rodham Clinton. Yang said the two countries should also keep close communication and collaboration on global issues and properly handle disputes and sensitive issues in order to push forward bilateral ties. Chinese Foreign Minister Yang Jiechi (2nd L) meets with U.S. Secretary of State Hillary Clinton (1st R) in Phuket, Thailand, on July 22, 2009.Both Yang and Clinton are in the southern Thai resort Phuket to attend ASEAN Regional Forum scheduled on Thursday. The ASEAN, or Association of Southeast Asia Nations, groups Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam. Clinton said that the U.S. hoped to closely cooperate with China in dealing with challenges and threats such as the global financial crisis and international terrorism to maintain world peace and security. During the meeting, the two sides also mentioned the upcoming first U.S.-China strategic and economic dialogue. The dialogue will be held in Washington, D.C. from July 27 to 28. Clinton and U.S. Treasure Secretary Timothy Geithner will be joined for the dialogue by their respective Chinese Co-Chairs, State Councilor Dai Bingguo and Vice Premier Wang Qishan. The dialogue will focus on addressing the challenges and opportunities that both countries face on a wide range of bilateral, regional and global areas of immediate and long-term strategic and economic interests. On Wednesday, Yang also met with his counterparts from Russia, South Korea and Pakistan.
ZHENGZHOU, Aug. 16 (Xinhua) -- Chinese authorities began Sunday relocating the first batch of rural residents totaling 10,600 in central Henan Province to make way for one of the three routes of the country's massive South-to-North Water Diversion Project. The residents in Xichuan County will move to 10 newly-built villages in 10 different counties of Henan, and the project is expected to be finished by Sept. 10, according to the relocation plan designed by the Henan Provincial Office of the South-to-North Water Diversion Project. They need to move away from the Danjiangkou Reservoir, a water control pivot along the middle route of the diversion project, as the reservoir dam is being heightened to hold more water and ensure water supply for the diversion project, the plan said. "I am happy to move to a new, larger home," said Zhang Faxiang, whose family was transferred to a new village in Xuchang County Sunday. He said concrete roads were built in the new village, which are not commonly seen in central and western Chinese villages. The local government has provided tap water, methane gas for them and built primary schools, recreation centers and other public facilities. According to the relocation plan, more than 320,000 people in Henan and neighboring Hubei Province will move away from the Danjiangkou Reservoir. Hubei authorities plan to relocate 12,000 people this year. The South-to-North Water Diversion Project, one of the world's largest water project, is an effort to divert water from China's rainy south to its dry north. It has three routes: the eastern, middle and western ones. The State Council, China's highest governing body, approved the ambitious project in December 2002 after a half century of debate.

HANGZHOU, Aug. 22 (Xinhua) -- Pakistani President Asif Ali Zardari said Saturday his country welcomes Chinese investors. Zardari made the call during his visit to Hangzhou, capital of east China's Zhejiang Province, the first leg of his ongoing China tour. Pakistani President Asif Ali Zardari (C, front) attends the Forum on Pakistan-Zhejiang (China) Trade and Investment Opportunities: Current Co-operation and Future Prospects in Hangzhou, capital of east's China's Zhejiang Province, Aug. 22, 2009. With the gradual recovery of its economy, Pakistan is making efforts to explore new international markets and remove barriers for investment and trade so as to attract more foreign investment, Zardari told reporters in Hangzhou. Zhejiang is one of the Chinese provinces which enjoy close exchanges with Pakistan. A total of 43 Pakistan companies have their businesses in Zhejiang, yielding fruitful results in silk, water conservation, agriculture, among others, according to Zardari. Zardari said his country will introduce a package of favorable policies for businesses in Zhejiang to invest in Pakistan, which will inject a new vitality into its economy. Officials from Pakistan's investment promotion departments said Chinese investors are needed by Pakistan's agriculture, hydro power and energy sectors. The infrastructure alone will require an initial investment of 110 billion U.S. dollars. Chinese fruit preservers can also play a crucial role in Pakistan as about 40 percent of Pakistan's fruit can not be moved to other places due to the lack of freezing vehicles, according to Pakistani officials, who commented on the basis of anonymity. Zardari was paying his fourth visit to China since taking office last September. He attributed his frequent visits to the intent of bringing back home China's experience in development. Guests attend the Forum on Pakistan-Zhejiang (China) Trade and Investment Opportunities: Current Co-operation and Future Prospects in Hangzhou, capital of east's China's Zhejiang Province, Aug. 22, 2009.
PHOENIX, United States, Sept. 6 (Xinhua) -- Top Chinese legislator Wu Bangguo on Sunday praised the fast growing regional cooperation between China and the southwestern U.S. state of Arizona as he started his U.S. tour here. Regional cooperation, as an important part of relations between nations, has served to enhance bilateral links, Wu said while meeting with Arizona Governor Jan Brewer Sunday evening. "Recent years have witnessed rapid growth in the mutually beneficial cooperation and friendly exchanges between Arizona and China," said Wu, chairman of the Standing Committee of the Chinese National People's Congress. "China is now the fastest-growing export market for Arizona." Their extensive exchanges in the fields of culture, education, science and technology have made an important contribution to the growth of China-U.S. ties, Wu said. Wu Bangguo (R), chairman of the Standing Committee of China's National People's Congress, the country's top legislature, shakes hands with Arizona Governor Jan Brewer in Phoenix of Arizona state, the United States, Sept. 6, 2009Arizona is competitive in aviation and aerospace technology, biotechnology, renewable energy, energy conservation, and environmental protection, while China is focusing on economic restructuring, industrial upgrade and change of development mode, Wu said. "All of that brings a new, major opportunity for the two sides to deepen and expand cooperation," Wu said. "That's why I chose Arizona as the first stop of my U.S. tour." The top Chinese legislator said he will focus on promoting trade and economic ties during his stay here mainly to ensure that the high-tech cooperation between China and Arizona, including in renewable energy and aviation and aerospace technology, is off to a new, good start. Wu Bangguo (R, front), chairman of the Standing Committee of China's National People's Congress, the country's top legislature, meets with Arizona Governor Jan Brewer (L, front) in Phoenix of Arizona state, the United States, Sept. 6, 2009.For her part, Brewer said Wu's visit would greatly push forward Arizona's ties with China. The successful investment in China by many businesses from Arizona has helped build closer ties and aroused the interest of other businesses in forging links with China, she said. Brewer said Arizona is uniquely positioned for the development of renewable energy and stands ready to cooperate with China in this field. She pledged efforts to facilitate such cooperation.
BEIJING, Oct. 6 (Xinhua) -- China's new yuan-dominated loans in September was expected to reach 300-400 billion yuan (44-59 billion U.S. dollars), China Securities Journal reported on its website Tuesday. The figure was less than that of August, which hit 410.4 billion yuan. Liu Mingkang, Chairman of the China Banking Regulatory Commission (CBRC), provided the figure during an International Monetary Fund (IMF) conference held in Istanbul, Turkey on Monday. New loans in the first eight months stood at 8.15 trillion yuan, far exceeding the full-year target of five trillion yuan, according to he People's Bank of China, the central bank, this September. The CBRC reiterated in September that domestic lenders should seek to enhance their risk management and stick to regulatory requirements to reduce worries over financial risks caused by rapid credit growth this year. China began to adopt a moderately easy monetary policy in last November in a bid to maintain economic development amid the financial crisis.
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