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BEIJING, Feb. 27 (Xinhua) -- China's top political advisor said Friday the national advisory body would have to contribute to decisions on major national and global challenges at its annual session next month. This year would be crucial for the country's development, said Jia Qinglin, chairman of the Chinese People's Political Consultative Conference (CPPCC) National Committee. CPPCC members would "conduct research and give targeted and effective opinions and proposals, to provide the (ruling Communist) Party and the government with reference and data for their decision-making", he told a meeting of the Standing Committee of the CPPCC National Committee. Jia Qinglin (C Front), chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), attends the fourth meeting of the Standing Committee of the 11th CPPCC National Committee in Beijing, capital of China, Feb. 27, 2009. The meeting went to a successful conclusion here Friday The Standing Committee members confirmed that the Second Session of the 11th CPPCC National Committee would open on March 3. Wang Gang, a vice chairman of the CPPCC National Committee, presided over the Standing Committee meeting at which members approved the agenda for the annual session and work reports of the Standing Committee of the CPPCC National Committee and the handling of proposals submitted to the First Session last year.
BEIJING, March 7 (Xinhua) -- Another Chinese delegation of businesses and industry leaders, led by the Ministry of Commerce (MOC), left for four European countries Saturday for investment and economic cooperation, the MOC said. The business delegation, following purchases totaled more than 10 billion U.S. dollars in Europe by a Chinese procurement delegation in late February, are heading for the same destinations of Germany, Switzerland, Spain and Britain. The new delegation will explore investment opportunities on areas of automobile, machinery, textile, food, electronics and technologies relating to energy saving and environment protection. An MOC official said "the move would further strengthen cooperation between Chin and Europe and create a win-win result in tackling the global economic downturn." The delegation are composed of more than 20 top Chinese companies, as well as several national trade associations and government officials.
BEIJING, April 6 (Xinhua) -- China would manage to make breakthrough in yuan-based cross-border payment system in 2009, People's Bank of China, or the central bank, said in an on-line report. According to the report reviewing the country's payment system in 2008, China would further develop regional and international cooperation in payments, and improve the yuan-based cross-border trade settlements this year. The report also pointed out that China's payment system had remained safe, stable and efficient last year despite severe natural disasters and global financial downturn, as a total of 1,131 trillion yuan (about 166 trillion U.S. dollars) had been spent through the payment system, 37.62 times of the GDP last year. The central bank's high-value payment system (HVPS), core infrastructure of the country's payment system, had conducted 214 million payments worth 64 trillion yuan last year, up 24.42. China's securities settlement system had remained steady and provided strong support to the securities business, said the report. Trading volume in China's interbank bond market reached 10.46 billion yuan, up 66.03 percent from that of 2007, it said. According to the report, non-cash payment products, such as bank cards and bill payment, had become more popular among Chinese citizens. Chinese people had conducted 13.8 payments through non-cash products per capita last year, up 18.1 percent from that of 2007. Up to 24.2 percent of China's retail sales last year had been spent through the bank card system, 2.3 percentage points higher than the 2007 level, it said.
MONTEGO BAY, Jamaica, Feb. 14 (Xinhua) -- Visiting Chinese Vice President Xi Jinping on Saturday broke ground for a China-funded convention center in Montego Bay, north of Jamaica. At the ceremony, Xi described the amity between China and Jamaica with a Chinese saying which says bosom friends stay close at heart though thousands of miles apart. The China-Jamaica friendly partnership for common development, established in 2005, has led the bilateral cooperation into a new stage as mutual understanding and trust between the two peoples were deepened and cooperation in various fields achieved remarkable progress, Xi said. Visiting Chinese Vice President Xi Jinping (L) shakes hands with Jamaican Prime Minister Bruce Golding during the ground-breaking ceremony for the Montego Bay Convention Center, which is contracted to be built by China, in Montego Bay, Jamaica, Feb. 14, 2009China highly values the friendly and cooperative relations with the Caribbean region, and is determined to build an all-around cooperative partnership for equality, mutual benefit and common development with Latin American-Caribbean countries, Xi said. With a project budget of about 52 million U.S. dollars, the convention center, once completed, will provide approximately 20,000 square meters of rooms for meetings, exhibitions and other events. Xi said the convention center will become not only a new sight in the coastal tourism city, but also a milestone in the China-Jamaica mutually beneficial cooperation. Jamaican Prime Minister Bruce Golding, Minister of Tourism Edmund Bartlett, Montego Bay Mayor Charles Sinclair were also present at the groundbreaking ceremony. Xi concluded his visit to Jamaica in the afternoon and left for Colombia to continue his six-nation tour, which includes the trips to Mexico, Jamaica, Colombia, Venezuela, Brazil and Malta.