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BEIJING, Feb. 18 (Xinhua) -- President Hu Jintao's five-nation "journey of friendship and cooperation" was very successful, Foreign Minister Yang Jiechi said on Wednesday.     The tour, which started on Feb. 10 and ended on Feb. 17, took President Hu to Saudi Arabia, Mali, Senegal, Tanzania and Mauritius. Hu's visit to the five countries in the first month of the Chinese lunar new year was very successful as it fulfilled its goals -- consolidating friendship between China and these countries, boosting cooperation and reinforcing their will to tackle the joint challenges for common development, Yang said. Visiting Chinese President Hu Jintao addresses a welcoming rally attended by people from various sectors in Dar es Salaam, Tanzania, Feb. 16, 2009    It was also of important significance to further advance the friendly ties between China and Saudi Arabia as well as between China and Africa and to enhance China's solidarity and cooperation with developing countries to stand hand-in-hand in the face of challenges, he said.     The visit, a significant diplomatic move taken by China to boost its ties with developing nations, was made at a time when international political and economic situations are undergoing profound change, and while the international financial crisis continues to spread, imposing a negative influence on developing countries, Yang said. Visiting Chinese President Hu Jintao (L) meets with Mauritian President Anerood Jugnauth in Port Louis, Mauritius, Feb. 17, 2009.During the eight days, the Chinese president attended more than 50 events in the nations visited. He held talks with leaders in these countries on cooperation and joint development, as well as had extensive contacts with people from various sectors with brotherly interactions and friendship, Yang said.     He said the media in these countries and in the rest of the world paid close attention to Hu's tour and gave it abundant coverage with a positive and objective tone.     Noting that the tour consolidated and deepened the friendly cooperation between China and countries in Africa and Asia, Yang said it also boosted the friendship between the Chinese people and their counterparts in developing countries. The achievements included:     First, a new consensus was reached on jointly dealing with the challenge of the international financial crisis.     President Hu made the visit at a time when the impacts of the international financial crisis are gradually expanding, Yang said, adding that such impacts have spread from developed countries to emerging markets and developing nations, and affecting the real economy, posing increasing challenges to developing nations including China, Saudi Arabia and those in Africa. Visiting Chinese President Hu Jintao (L) talks with Saudi Arabian King Abdullah bin Abdul-Aziz during their meeting in Riyadh, Saudi Arabia, Feb. 10, 2009Hu expounded on China's view and position on how to tackle the crisis, stressing the need for the international community to be concerned about and try to minimize the suffering of the developing world, especially the least developed countries in the crisis, and expressed China's will to strengthen cooperation and coordinate actions with the international community, Yang said.     Hu extended support for increasing the role and voice of developing countries in reforming the global financial system and called on the international community to provide tangible assistance to help developing countries, especially the African ones, to overcome the difficulties.     The Chinese president pledged that China would fulfill policies and measures adopted at the Beijing Summit of the Forum on China-Africa Cooperation, continue to increase assistance and offer debt relief to African countries within its capability, expand trade and investment toward the continent, and promote China-Africa pragmatic cooperation.     Hu emphasized that the harder the situation is, the more China and Africa should support and cooperate with each other to get through the difficulties.     Leaders of the host countries highly appreciated and warmly welcomed China's position, regarding it as conducive to strengthening coordination and cooperation among developing countries and building up confidence in jointly addressing the international crisis. Chinese President Hu Jintao (L) meets with Malian President Amadou Toumany Toure in Bamako, Mali, on Feb. 12, 2009. Second, China's ties with Asia and Africa were pushed to a new stage.     Yang said the five nations and China enjoyed a solid political groundwork to further promote bilateral relations.     During his trip, leaders of the five countries and Hu held discussions and reached broad common ground on such significant issues as how to boost friendly cooperation, implement measures announced at the Beijing Summit of the Forum on China-Africa Cooperation in 2006, and forge a new type of strategic partnership with Africa, Yang said.     In Saudi Arabia, Hu proposed guiding principles and measures to boost the China-Saudi strategic friendship, promote all-round pragmatic cooperation, as well as deepen cooperation between China and the Gulf Cooperation Council.     In the four African countries, Hu met their leaders on the further development of friendship and cooperation. Visiting Chinese President Hu Jintao (L) meets with his Senegalese counterpart Abdoulaye Wade in Dakar, capital of Senegal, Feb. 13, 2009They exchanged in-depth views on the current situation in the Middle East and Africa as well as other international and regional issues, and agreed to boost bilateral ties and push forward friendly cooperation to a new stage.     The president said as a developing country, China was ready to have closer cooperation and collaboration with the five nations, jointly maintain the interests and rights of the developing countries, and join hands with them to promote the South-South cooperation and North-South dialogue.     Third, to promote mutual benefit and win-win cooperation     Yang said Hu's tour to the five developing countries further deepened cooperation in various fields with them.     During the visit, China signed more than 20 cooperation agreements with the five nations in the fields of economy and trade, investment, energy and quality control, health, culture and infrastructure construction to further extend the depth and width of pragmatic cooperation.     During his visit to the African countries, President Hu said China would strengthen cooperation with them in agriculture, textile and infrastructure construction on the basis of mutual benefits, and a win-win principle.     Hu visited some China-aided projects, as part of follow-up actions to the Beijing Summit of the China-Africa Cooperation Forum. Visiting Chinese President Hu Jintao (L) meets with his Tanzanian counterpart Jakaya Mrisho Kikwete in Dar es Salaam, Tanzania, Feb. 15, 2009Such projects will help improve the general living standards of the local people.     In Saudi Arabia, Hu visited a cement production line in the capital of Riyadh, and the King Abdulaziz City for Science and Technology. In Mali, Hu inaugurated a China-aided bridge construction project in the capital of Bamako and attended the inauguration of the China-Mali anti-malaria center.     Hu also attended the completion ceremony of Tanzania's state stadium and the Chinese culture center in Mauritius. He put forward new measures to enhance China-Africa cooperation, such as offering more chances for personnel training and scholarships to the four countries.     Yang said that China had developed comprehensive friendly relations with the four countries and provided unselfish assistance.     During Hu's visit, China reached consensus with the four African countries on enhancing bilateral trade and deepening pragmatic cooperation, which fully demonstrates the China-Africa cooperation has great potential and broad prospects based on equality, mutual benefits and a win-win principle for all.     Fourth, to create fresh highlights of friendly exchanges with local people.     President Hu received an abundance of warm greetings from the local people, an indication that Sino-Saudi and the Sino-African friendships were deeply rooted in the hearts of the people, Yang said.     At airports, meeting venues, stadiums, construction sites, hospitals and even classrooms, Hu talked with the local people from various walks of life in a gentle and friendly manner.     Despite a tight schedule, Hu managed to meet with the media in all the countries he visited and, on behalf of the Chinese people, extended good wishes and friendship to the local people.     In the Malian capital of Bamako, tens of thousands of local people, from the outskirts all the way to Hu's downtown hotel, waved the national flags of both countries and chanted "Thank you, China," and "Long-live China-Mali Friendship" in a voluntary yet grand gesture of welcome for Hu.     During the completion ceremony of Tanzania's state stadium, a Chinese assistance project, more than a hundred teenagers performed Chinese martial arts and acrobatics, and sang popular Chinese folk songs such as "Na Ni Wan" which is about a great production campaign near Yan'an during the revolutionary 1940s.     Hu also showed his concern for Chinese aid workers in Africa. He met with a Chinese medical team in Mali and encouraged them to make further efforts to help their Malian counterparts to develop the country's medical and health industry.     In Tanzania, Hu paid tribute to a cemetery for Chinese experts who had worked and died in the country in honor of pursuing China-Africa friendship.

DAKAR, Feb. 5 (Xinhua) -- Chinese President Hu Jintao will pay a state visit to Senegal on Feb. 13-14, during which the two countries will sign new agreements on economic and technical cooperation, the Chinese ambassador in the West African country announced here on Thursday.     At the invitation of his Senegalese counterpart Abdoulaye Wade, President Hu will make the visit to further enhance the friendly ties between the two countries since diplomatic relations were resumed in October 2005, Chinese Ambassador Lu Shaye told a press conference.     The visit is part of the Chinese president's five-nation trip on Feb. 10-17, which will also take him to Saudi Arabia, Mali, Tanzania and Mauritius.     The Chinese Foreign Ministry said on Tuesday that Hu's visit is aimed at further consolidating China's friendship and cooperation with these countries, strengthening China's cooperation with the Cooperation Council for the Arab States of the Gulf, and promoting the implementation of the measures announced at the 2006 Beijing Summit of the Forum on China-Africa Cooperation.

BEIJING, March 26 (Xinhua) -- China's central bank governor has spoken highly of the government's rapid responses to the current global financial crisis, featuring decisively adopting a proactive fiscal policy and an adaptively easing monetary policy, and launching a bundle of timely, targeted and temporary policies and measures.     The prompt, decisive and effective policy measures adopted by the Chinese government demonstrates "its superior system advantage when it comes to making vital policy decisions," says Zhou Xiaochuan, president of the People's Bank of China (PBC), in an article entitled "Changing Pro-cyclicality for Financial and Economic Stability."     It is Zhou's third article published on the central bank's official website (WWW.PBC.GOV.CN) this week to discuss the issue of the current global financial crisis. His first and second articles, published on Monday and Tuesday, are entitled "Reform the International Monetary System" and "On Savings Ratio," respectively.     In the third article, the 61-year old central bank governor tries to find out the root causes for the current financial crisis, including but not limited to lessons on monetary policy, financial sector regulations, accounting rules.     The top Chinese banker says he wants to stimulate debate and discussions on some of the pro-cyclical features in the system, possible remedial measures, and how monetary and fiscal authorities can play their professional roles at times of severe market distress.     "Financial crises normally originate in the accumulation of bubbles and their subsequent bursts. Usually, economists pay a lot of attentions to pro-cyclicality on the macro level.     However, on the micro level, there are quite a number of notable pro-cyclical features embedded in the market structure today, which should be addressed as we deal with the current crisis and reform the financial system," he says.     Zhou suggests that in the current market structure, more counter-cyclical mechanisms or negative feedback loops on micro-level should be put in place to sustain a more stable financial system.     In the article, he notes that rating problems and herding phenomenon arise from outsourcing.     The global financial system relies heavily on the external credit ratings for investment decisions and risk management, giving rise to a prominent feature of pro-cyclicality, according to the central bank governor.     "Economic upswings produce euphoria and downturns generate pessimism," he says, "Many market players adopting ratings from the three agencies and using them as the yardstick for operations and internal performance assessments clearly result in a massive "herd behavior" at the institutional level."     Zhou points out that some market players seem to have forgotten that the ratings are no more than indicators of default probabilities based on past experiences but were never meant to be guarantees for the future, he says. "Once problems take place, as we have seen during the current crisis, fingers are pointed to the rating agencies," he says.     He suggests that financial institutions should try to rely more on internal rating in assessing risks.     He calls for giving full play to the professional role of authorities in maintaining overall financial stability and establishing a counter-cyclical mechanism for capital requirement     "To stabilize markets under severe stress, finance ministries and central banks need to act fast and apply extraordinary measures," he says, "Untimely or delayed response falls behind the curve and would make the outcome less than desired even if the response is correct and strong."     In modern Western societies, a prolonged political process for mandates to finance ministries or central banks often miss the best timing for action, Zhou says, adding, "We have observed such cases during the current crisis."     He suggests that governments and legislatures may consider giving pre-authorized mandates to ministries of finance and central banks to use extraordinary means to contain systemic risk under well-defined stress scenarios, in order to allow them to act boldly and expeditiously without having to go through a lengthy or even painful approval process.     "Such systematic pre-authorized mandates would put the specialized expertise of finance ministries and central banks to the best use when markets need it the most," he stresses.     The central bank governor attributes China's current success in easing the impacts of the crisis to the country's financial sector reform and ongoing macroeconomic stimulus measures     In 2003, fully aware of the systemic vulnerabilities of China's banking industry, the Chinese government made a courageous and strategic decision to restructure the four state-owned commercial banks, says Zhou, who took over as the PBC governor in late 2002.     In the article, Zhou gives a look back on the reforms of the country's major banks and security industry.     But he warns, "We should bear in mind that despite the notable achievements in banking reform, the major banks have not gone through a full business cycle and still have much to improve. An economic slowdown will be the ultimate stress test for the robustness of the banks' strengths."     According to the bank governor, irrespective of China's sound financial sector, the Chinese economy, especially the export sector, has felt the impact brought by the slowdown of the global economy.     He praises the Chinese government for its plans to stimulate domestic demand and promote stable and relatively rapid economic growth, including the extra investment of 4 trillion yuan (685 billion U.S. dollars) in over two years, the ten measures to revitalize the industrial sectors, and other bolster measures to increase money supply, promote employment, reform taxes and medical and healthcare system.     "Having taken the above-mentioned measures, China expect to maintain stable economic growth by boosting domestic demand and reducing dependence on external demand, thus serving as a stabilizing force in global economy," Zhou says.     In overall, the macroeconomic measures have produced preliminary result and some leading indicators are pointing to recovery of economic growth, indicating that rapid decline in growth has been curbed, he concludes.

BEIJING, Feb. 27 (Xinhua) -- China lodged another stern representation to Japan on Friday over Japanese Foreign Minister Hirofumi Nakasone's remarks that the Treaty of Mutual Cooperation and Security between Japan and United States is applicable to the Diaoyu Islands.     According to the reports by the Taiwan-based Broadcasting Corporation of China (BCC), an official of the U.S. State Department, familiar with East Asian affairs, said at a press conference in Washington on Friday that the Diaoyu Islands were always under Japan's administrative jurisdiction and the Treaty of Mutual Cooperation and Security between Japan and United States was applicable to them.     Japanese Foreign Minister Hirofumi Nakasone echoed the U.S. official's remarks afterwards.     Chinese Foreign Ministry spokesman Ma Zhaoxu rejected Nakasone's remarks later in a press release, saying the Japan-U.S. Mutual Cooperation and Security Treaty should not harm the interests of third parties, including China.     "Any words and deeds that bring the Diaoyu Islands into the scope of the Japan-U.S. Mutual Cooperation and Security Treaty are absolutely unacceptable for the Chinese people," he said.     Ma stressed again that the Diaoyu Islands and adjacent islets had been Chinese territories since ancient times and China held "indisputable" sovereignty over the islands.     "We have lodged stern representations to Japan again and required the United States to clarify reports on the issue," he said.     He also urged the two countries to realize the great sensitivity of the Diaoyu Islands issue and proceed with discretion in word and deed, so as to avoid damage to the general interests of China-Japan and China-U.S. relations and regional stability.

ISTANBUL, Turkey, March 21 (Xinhua) -- The World Water Council (WWC) is ready for China's membership, WWC President Loic Fauchon said here Saturday evening.     During his meeting with Chinese Minister of Water Resources Chen Lei on the sideline of the 5th World Water Forum, Fauchon said he welcomes China to "the WWC family," and "we are ready to sign the agreement" which just need a few days to finalize the details of the pact.     "We need your experience and your tradition, It will be a nice relation," he added.     Chen said China is willing to participate WWC activities and China will shoulder the obligation and responsibility when it becomes a member.     Chen invited the president to visit Beijing. Fauchon said he is glad to visit the Chinese capital in May or June, when the both sides are expected to ink the pact.     WWC, created by a number of key water institutions in 1996, unites over 300 member organizations from more than 60 countries. It is an international multi-stakeholder platform "to promote awareness, build political commitment and trigger action on critical water issues at all levels."

来源：资阳报