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ADDIS ABABA, Nov. 9 (Xinhua) -- China's top legislator Wu Bangguo said here Sunday that China's relations with Ethiopia have been developing quite rapidly in recent years and have been pushed up to a higher level. He made the statement during talks with Speaker of Ethiopian Council of People's Representatives Teshome Toga. "Since our countries established foreign relations with each other, especially, since their comprehensive cooperation partnership was formed in 2003, high-level exchanges between our two countries have been more frequent and bilateral trade has been shooting up," Wu said. "Now our relations have ushered in a new era," he added. Wu said that both China and Ethiopia are developing countries and therefore face the similar issues such as economic development. The rapid booming of both economies have provided new opportunities for deeper and wider cooperation. "This is conducive to the welfare and the basic interests of both countries and peoples, as well as constructive to world's peace and prosperity," Wu said. The Ethiopian speaker agreed with Wu's comments on relations of the two countries and said that Wu's Africa tour, especially, the visit to Ethiopia, is of high importance and can further boost bilateral ties. Teshome Toga also thanked China for its unconditional support for Ethiopia, adding that the two countries can cooperate better in trade, investment and finance sectors. He said that Ethiopia will, as it has done in the past, continue to stick to "One China" policy and Wu expressed his appreciation for his Ethiopian counterpart's firm commitment as such. Wu is on a five-African nation tour. Ethiopia is the third leg of his two-week-long visit to Africa.
BRUSSELS, Jan. 19 (Xinhua) -- The NATO secretary general on Monday praised the Chinese navy's anti-piracy operations off the coast of Somalia and indicated NATO's willingness to work with China on the issue. "I am applauding what is a rather unique position of the Chinese navy participating in the anti-piracy (campaign)," Secretary General Jaap de Hoop Scheffer told Chinese journalists at a NATO New Year reception. "I do not exclude, at a certain stage, that when the United Nations would create a sort of roof under which these whole anti-piracy operations take place, NATO and China will meet under that roof," he said. A soldier of Chinese navy special force watches a seabird flying over him on destroyer "Wuhan", flagship of the Chinese naval fleet for an escort mission against piracy off Somali coast, in the Gulf of Aden, on Jan. 18, 2009. The Chinese naval fleet including two destroyers and a supply ship set off on Dec. 26, 2008 for waters off Somalia. The deployment of two warships in the Gulf of Aden was the Chinese Navy's first expeditionary military mission. "I welcome the engagement of China... It is a very important contribution to anti-piracy operations," the secretary general said. NATO deployed four warships off Somalia in October to escort World Food Program food shipments to Somalia and to patrol the seas to deter piracy. Its mission ended in December. But the alliance is considering a long-term strategy on the piracy issue and stands ready to consider further requests for the use of its naval assets in this regard.

KUWAIT CITY, Dec. 29 (Xinhua) -- Visiting Chinese Vice Premier Li Keqiang and Kuwaiti Prime Minister Sheikh Nasser Al-Mohammad Al-Ahmad Al-Sabah agreed to expand economic and energy cooperation between the two countries during their meeting here on Monday. "China and Kuwait should form a lasting, stable and comprehensive partnership concerning the energy area," Li told the Kuwaiti prime minister, according to a press release from the Chinese Foreign Ministry. Li said the two sides should deepen cooperation in the energy industries and study ways of joint exploration of both upstream and downstream industries. He called on both sides to expand cooperation on infrastructure and telecommunication, increase contacts of people, and promote exchanges in the areas of finance, agriculture, science and technology and culture, in a bid to jointly respond to the change of global economic environment. Li also said China always sees its relations from a strategic perspective with the Gulf Cooperation Council (GCC) and its six members, including Saudi Arabia, the United Arab Emirates, Oman, Qatar, Bahrain and Kuwait. China is willing to further high level visits, enhance political mutual trust, broaden substantial cooperation and promote peace and stability in the Gulf region, Li said. Nasser said Kuwait and China have witnessed a strong growth of bilateral trade volume this year, and taken a big step in energy cooperation. Citing the current global financial crisis, he pledged that Kuwait is ready to further enhance cooperation with China in various fields, adding that Kuwait welcomes Chinese products and enterprises to enter the Kuwaiti market to realize common development. The Chinese vice premier also visited oil facilities in Kuwait and met with major figures of the oil industry to get a better knowledge of the Gulf Arab state's oil industry and the progress of China-Kuwait energy cooperation. China and Kuwait renewed their record of bilateral trade volume in 2007 with 3.6 billion U.S. dollars, according to official statistics, a 30-percent growth compared with that of 2006. China imported 2.3 billion dollars worth of goods from Kuwait in 2007, with 90 percent of oil products, while only exporting 1.3billion dollars of goods to Kuwait. Li and Nasser also hailed the sound state-to-state relations between China and Kuwait. Li said relations between China and Kuwait, the first Gulf state to establish diplomatic ties with China, feature "deep friendship between the two peoples, all-along mutual political trust and equal respect." Expressing his appreciation of Kuwait's support in the issues concerning China's major interests, he said China supports Kuwait's independence, sovereignty and territorial integrity. Nasser acknowledged that China was also the first big power to recognize the independence of Kuwait. Nasser said the Kuwaiti people have been always cherishing a friendly affection towards the Chinese people, and will never forget the firm support and help from the Chinese people. Kuwait is the final leg of Li's 11-day overseas visit, his first foreign visit since he took office as vice premier in March, which has also taken him to Indonesia and Egypt.
BEIJING, Oct. 19 (Xinhua) -- China's premium revenue is expected to hit one trillion yuan (146.3 billion U.S. dollars) this year due to strengthened promotion and increasing demand, said a senior official here on Sunday. The premium revenue grew at an annual rate of 30 percent from 460 million yuan in 1980, when insurance business began to enter into full swing in China, to hit 703.58 billion yuan in 2007, said vice chairman of the China Insurance Regulatory Commission (CIRC) Zhou Yanli at the opening ceremony of an insurance exhibition. The revenue in the first eight months this year rose 52.24 percent year on year to 713.40 billion yuan which exceeded the total of last year, he said. The revenue for the whole year is likely to break one trillion yuan at the current pace, he predicted. The development of China's insurance business had been halted for 20 years after the founding of the new China in 1949. After the opening up and reform initiated in 1979, the sector was on the way to the right track and entered into full swing. The value of the industry assets totaled more than three trillion yuan, which is owned by more than 110 insurers, according to Zhou. Despite of the progress, insiders noted the revenue growth is poised to slow down in the fourth quarter of 2008 and the first half of 2009 as insurers are expected to retain dividends to protect its profit margin which was hurt by stock investment returns slumps. That is likely to discourage the future premium growth. China Life, the nation's largest life insurer, saw premium jump52.9 percent from a year ago to 23.44 billion yuan in September, much slower than the 93.7 percent growth in August. The combined revenue in the first nine months totaled 248.6 billion yuan, up 56.7 percent year on year, comparing with the 57.14 percent growth in August.
ATHENS, Nov. 25 (Xinhua) -- Chinese President Hu Jintao said here on Tuesday that China hopes to push its ties with Greece to a higher level. The Chinese government has attached great importance to its relations with Greece and has been viewing the bilateral ties from a strategic and long-term perspective, Hu said during his meeting with Greek Prime Minister Costas Karamanlis. China hopes to expand the scope of shared interests with Greece and push forward bilateral cooperation in various sectors, the Chinese president said. He suggested that the two sides set up a guideline for long-term economic cooperation and establish a more effective communication platform for enterprises on both sides. Chinese President Hu Jintao (R) meets with Greek Prime Minister Costas Karamanlis in Athens, capital of Greece, Nov. 25, 2008 He said that the Chinese government supports competent Chinese enterprises to invest in Greece and carry out mutually beneficial cooperation in telecom, energy, environmental protection, tourism and isle development. He also proposed the two countries pay more attention to cooperation in the oceanic shipping industry. In addition, China and Greece should devote major efforts to strengthening cultural cooperation, he said. The two sides should enhance cooperation in language teaching, the protection of cultural relics, the press and publication, said the Chinese president. Efforts should also be made to advance academic and youth exchanges and to explore cooperation potential in traditional medicine, disaster prevention and relief, as well as in social development, the Chinese president said. Karamanlis said significant progress has been achieved in the Greek-Chinese ties after the two nations formed the comprehensive strategic partnership in 2006. He echoed Hu by saying that the two sides should enhance cooperation in oceanic shipping and tourism. Greece hopes to become a gateway of Chinese commodities into the region and welcomes Chinese people to visit the country, he said. The two sides should also strengthen cooperation within international organizations as the world is faced with major challenges like the current financial crisis, the Greek prime minister said. The two leaders also discussed Sino-European relations. China is willing to work with its European partners to properly handle major issues of common concern and resolve differences in an effort to strengthen strategic mutual-trust, push forward cooperation in all areas and ensure the growth of the Sino-Europe comprehensive strategic partnership in the long run, Hu said. He added that China appreciates the endeavor and contribution by Greece to the development of Sino-European ties and hoped the Greek side will play a more active role in the future. For his part, Karamanlis promised to continue its active efforts in boosting China-EU relations in an all-round manner. Hu arrived in Athens on Monday for a state visit to Greece, the last leg of his five-nation trip. He had earlier attended a financial summit in Washington and paid state visits to Costa Rica, Cuba and Peru, where he also attended the Economic Leaders' Informal Meeting of the Asia-Pacific Economic Cooperation (APEC) forum in Lima.
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