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BEIJING, April 11 (Xinhua) -- Although China registered the first monthly trade deficit last month in six years, that would be temporary as the demand for imports is likely to ease with the expected moderation in domestic fixed asset investment, said an economist of JP Morgan Chase."With an anticipated recovery in developed economies this year, Chinese exports should improve gradually over the coming months," said Jing Ulrich, chairman of China Equities and Commodities of the U.S. bank in a research note Saturday.That will be proved by the forward looking new export orders component of China's official PMI (Purchasing Managers's Index) which increased to 53.7 in March from 50.3 in February, she said.China reported trade deficit of 7.24 billion U.S. dollars in March, the first since April 2004, as exports rose 24.3 percent year on year, while imports jumped by 66 percent."The pace of China's export recovery and dynamics of imported inflation will shape the country's approach towards currency valuation. A return to the policy of gradual RMB appreciation would allow China to mitigate imported inflation and promote domestic consumption by boosting household purchasing power in local currency terms," she said.She noted that in the longer-run, more flexibility in China's currency regime would allow the central bank to set monetary policy with greater independence from the U.S. Fed Reserves.

BEIJING, May 7 (Xinhua) -- Li Changchun, a leader of the Communist Party of China (CPC), watched Friday evening an opera of the Democratic People's Republic of Korea (DPRK) which was adapted from the Chinese classic A Dream of Red Mansions.The DPRK Phibada Opera Troupe staged in Beijing the adaptation of the masterpiece by Cao Xueqin, a novelist in the 18th century. The opera is scheduled to premiere in Beijing from Thursday to Sunday before starting a tour in other cities of China.Li, member of the Political Bureau Standing Committee of the CPC Central Committee, praised the brilliant performance of the DPRK artists, saying the opera show will contribute to friendship between the two countries.   Li Changchun (3rd R front), member of the Political Bureau Standing Committee of the Communist Party of China (CPC) Central Committee, watches an opera of the Democratic People's Republic of Korea (DPRK) which was adapted from the Chinese classic A Dream of Red Mansions in Beijing, May 7, 2010Under the instruction of late DPRK leader Kim Il Sung, the DPRK artists adapted the Chinese story in the 1960s. DPRK top leader Kim Jong Il instructed that the opera be further improved and put on stage as a major event for the China-DPRK Friendship Year in 2009.The DPRK opera's debut in China coincides with Kim Jong Il's unofficial visit to the China from May 3 to 7.

YUSHU, Qinghai, April 17 (Xinhua) -- Soldiers from the Chinese People's Liberation Army(PLA) have rescued 1,200 people and treated more than 8,700 injured in the quake zone as of 12:00 a.m. Saturday, according to PLA quake-relief headquarters.A spokesperson for the PLA quake-relief headquarters said in its first press conference held here that more than 12,300 soldiers had been sent to the quake zone and more than 11,300 had arrived to carry out rescue operations.  Photo taken on April 17, 2010 shows a press conference held together by the Chinese People's Liberation Army (PLA) and armed police in the quake-hit township of Gyegu, northwest China's Qinghai Province, on April 17, 2010. Soldiers from the Chinese People's Liberation Army(PLA) and armed police have rescued 1,200 people and treated more than 8,700 injured in the quake zone as of 12:00 a.m. Saturday, according to PLA quake-relief headquarters.

BEIJING, April 7 (Xinhua) -- The Chinese government said Wednesday it will continue to develop the country's western regions with a focus on improving people's well-being.The government will resolutely push forward the development of the west strategy, which was initiated ten years ago and has facilitated historic social and economic progress in the region, according to a statement released after a executive meeting of the State Council on Wednesday chaired by Premier Wen Jiabao.More efforts will be made to improve education, health services, job creation, social security, as well as cultural and sports development, to promote equal social services, the statement said.Infrastructure construction will be given priority, with the building of hydro-power stations to relieve water shortages in the region, it said.The government also called for sustainable development through a recycling and energy-saving industries and for all projects to meet ecological protection standards.The government's consistent efforts to develop the western regions have helped bridge the region's gap with the better-off coastal areas in eastern China.Figures released by the National Bureau of Statistics showed the industrial added-value for the central and western provinces grew by 17 percent in 2008, 6 percentage points more than the eastern areas.

BEIJING, May 29 -- The Asian Development Bank (ADB) has called on Asian economies to strengthen their infrastructure investment through an effective financing framework to achieve higher and more sustainable growth.To that end, the bank said that as much as 0 billion would have to be invested annually in infrastructure across the region from 2010 to 2020. This means that around .25 trillion would be invested in that period in national and cross-regional infrastructure projects."In view of Asia's enormous untapped economic potential and the global financial crisis, now is the time to build efficient and seamless connections across Asia and with the rest of the world for a more competitive, prosperous and integrated region," said Masahiro Kawai, dean and CEO of the ADB Institute.A man working at the construction site of a railway line in Hainan province. The required infrastructure investment in the next 10 years is expected to produce income gains of about trillion across Asia.To meet the financing needs, the region could build an effective framework to mobilize its vast domestic savings as the main source, while encouraging private financing and participation involving public-private partnerships through "bankable" projects, said Kawai.He also suggested the strengthening of national and regional local currency bond markets, notably through the Chiang Mai Initiative, the Association of Southeast Asian Nations + 3 bond market initiative, and the Asian Bond Fund.