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YAOUNDE, March 24 (Xinhua) -- China's top political advisor Jia Qinglin on Wednesday discussed with Cameroonian President Paul Biya the ways to lift the two country's bilateral relationship to a new height in Yaounde, capital of Cameroon."As developing countries, it is in the fundamental interests of China and Cameroon to seek bilateral friendly cooperation," Jia told Biya in their hour-long talks at the Presidential Palace Wednesday noon.Jia, chairman of the National Committee of the Chinese People's Political Consultative Conference, was making a three-day official visit to the central African nation. Jia Qinglin (L), chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), receives a medal from Cameroonian President Paul Biya after their meeting in Yaounde, Cameroon, March 24, 2010Jia and Biya reviewed the progress of bilateral relationship since the two countries established diplomatic ties in 1971, particularly the significant improvement after the China-African Cooperation Summit in 2006.To further China-Cameroon relationship, Jia proposed the joint efforts in cementing political foundation, widening economic cooperation, deepening people-to-people exchange and increase coordination on international issues.Biya echoed Jia's proposal, saying his country would like to work more closely with China in those fields.Jia thanked Biya and his government for their efforts to free the Chinese sailors kidnapped in Cameroon early March.On broader China-Africa relationship, Jia said China was committed to implementing the new eight measures introduced by Chinese Premier Wen Jiabao last November in Egypt, which also include debt cancellation, agriculture production, infrastructure, education."China would like to listen to the suggestions of Cameroon and other African countries on carrying out those measures in a bid to generate more benefits for African people at an early time," Jia said.Biya said Africa-China cooperation was characterized by equity, mutual benefit and common development, which had brought substantial benefits to African nations.The president said his country would support China's policy and initiative on Africa.After their meeting, Jia and Biya witnessed the signing of a number of cooperative deals between the two countries.Earlier Wednesday, Jia visited a multifunctional stadium in downtown Yaounde which was financed by China.At the landmark stadium, the largest of its kind in central Africa, Jia watched local people play table tennis and stage the performance of Chinese kungfu.Jia, who arrived in the capital of Cameroon on Tuesday afternoon, held talks with President of National Assembly of Cameroon Cavaye Djibril and delivered a key-note speech on China- Africa relationship.Jia will leave for Namibia on Thursday to continue his 10-day African tour.

BEIJING, Feb. 25 (Xinhua) -- China's Ministry of Supervision said Thursday it would enhance supervision to key sectors and leading officials this year to ensure clean and efficient work in promoting the country's sound economic and social development.The supervision and examination would target corruption in project construction, real estate development and land management, as well as corruption behind major accidents, the ministry said in a circular outlining major works in 2010.The ministry would investigate officials who meddled in construction projects against relevant regulations to seek personal gains, staff of supervisory organs who were negligent of duty or took bribes, and those who involved in serious commercial bribery cases, the circular said.The ministry vowed "zero tolerance" for these cases, it said.The ministry promised to step up its efforts this year to ensure the implementation of the central government's major arrangements for accelerating the adjustment of economic growth mode and promoting steady and fast economic development.It would also strengthen supervision and examination to make sure local governments will take measures to check the rocketing real estate price in some cities to ensure the sector's healthy development, it said."Lazy and incapable" officials would also be targeted in the supervision to ensure efficiency of government work, according to the circular.China has intensified its fight against corruption recently.In its latest effort, the Communist Party of China (CPC) Central Committee Tuesday listed 52 unacceptable practices in an ethics code for CPC cadres to follow.The code forbids conducts including accepting cash or financial instruments as gifts, and using their influence to benefit their spouses or children with regards to their employment, stock trading or business.

BEIJING, Feb. 22 -- China's stock markets are likely to be fully open to foreign investors within 15 years, according to a leading investment expert.Direct foreign dealing in Chinese stocks is currently restricted through the government's Qualified Foreign Institutional Investor (QFII) scheme.The current annual quota for overseas funds is just billion, a small fraction of the total investment in China's main exchanges in Shanghai and Shenzhen.Stuart Leckie, chairman of Stirling Finance, a leading Hong Kong-based pensions investment adviser, said all restrictions could be off by 2025."All financial institutions will then be able to invest in the stock markets on the Chinese mainland, just as they do in Hong Kong, Japan or any other market," he said."It is 30 years since China's opening up and it will take half as long again for this to happen."He said the Chinese mainland would gradually lift barriers in the same way Taiwan and India have done in recent years.Leckie, author of the book, 'Pensions in China', and who was speaking at the Trade Tech 2010 Investment Conference, was bullish about the outlook for the Chinese market.He said the Shanghai Composite Index could double within the next three years and that it was a matter of if, not when, it returned to its all-time high of 6,124 in October 2007."I am sure the index will double over the next five years but there is a chance it will double in the next three years," he said.Other speakers at the conference were also optimistic about the outlook for investors in Chinese stocks. Michael Wang, head of dealing at the China International Fund Management said the Chinese market was full of opportunities."It is a golden opportunity to invest in China. Blue chip companies are still very cheap," he said. "In the medium term there might be some correction but we won't go back to 2006 levels (when the market was just over the 1,000 level)."Kent Rossiter, head of trading, Asia Pacific, for fund manager RCM, based in Hong Kong and which is part of the Allianz Group, was also confident. "I am really bullish about opportunities. I am worried about volatility, however," he said.Rossiter said some of the volatility was down to the inexperience and lack of competence of some professional investors in the Chinese market."The market needs to develop," he said. "Professional investors need to improve their performances. They have too much of the same mentality as the man on the street in that they just like to buy and sell without taking any view."Leckie added that the Chinese market was not about to repeat the experience of the Nikkei Dow in Japan."China is not about to become another Japan with the level of the index standing at a quarter of what it was 20 years ago."He was not concerned about the poor start to the Chinese markets in 2010 with the major index losing 8 per cent of its value in January and falling through the 3,000 barrier. It increased by 80 per cent in 2009. "Obviously China has got off to a weak start. It was the second worst performing market internationally in January after being the best performing in 2009. It is just living up to its reputation as a volatile index."He said he expected the market, however, to rise by up to 15 per cent in 2010 to a value somewhere between 3,600 and 3,800 from its January 1 level of 3,277. "I think this January decline is overdone."

BEIJING, Feb. 7 (Xinhua) -- China and Russia would strengthen coordination to better implement the regional cooperation program approved by state leaders last year, officials from the two countries said here on Sunday.The statement was made by Zhang Guobao, head of the National Energy Administration and vice minister of the National Development and Reform Commission, and representatives of the Russian government, at the China-Russian regional cooperation symposium.In September 2009, Chinese President Hu Jintao and his Russian counterpart Dmitry Medvedev approved the cooperation program between northeast China and Russia's far east and east Siberian region.Zhang said the cooperation program, covering many fields, included more than 300 key projects in local cooperation and infrastructure construction and transformation.The symposium is the first bilateral meeting aimed at promoting China-Russian regional cooperation since the approval of the cooperation program.

MOSCOW, March 19 (Xinhua) -- Chinese and Russian officials and experts have expressed optimism on further expansion of Sino-Russian ties on the eve of a visit here by Chinese Vice-President Xi Jinping.A Chinese Foreign Ministry spokesman said Thursday that Xi’s visit to Russia would further promote bilateral cooperation.Xi was invited by Russian Prime Minister Vladimir Putin to attend the inauguration of the Year of Chinese Language, and the opening ceremony of the second round of dialogue between the Chinese and Russian ruling parties, Qin Gang said."The Year of Chinese Language will promote mutual understanding and friendship between the Chinese and Russian people, which would also enhance the two countries' cultural cooperation," he said.At a press conference for the upcoming Year of Chinese Language held here on Wednesday, Li Hui, Chinese ambassador to Russia, said the language year would be conducive to nurturing language talents and deepening the bilateral relationship."I hope that, through the Year of Chinese Language, Russian people, particularly the young people, will understand Chinese society and traditional culture,” he said.China held the Year of Russian Language in 2009 and, with this year's reciprocation in Russia, is an effort to further consolidate the bilateral strategic partnership of cooperation.Li said previously the Year of Chinese Language, with its many events, would write a new page in China-Russia ties and elevate bilateral relations to a new high.In a recent interview with Xinhua, Alexander Lukin, director of the Center for East Asia and Shanghai Cooperation Organization Studies at Moscow State University for International Relations, said Russia-China ties, which have been developing smoothly, are at their best in history.The current ties between Russia and China are entirely equal and are based on practical interests, Lukin said."The two countries have almost no contradictions. Both support a multi-polar world and oppose a global structure dominated by a certain country," he said.Several leading Russian Sinologists, who attended a recent reception for the traditional Chinese lantern festival, all hailed the achievements made in Russia-China relations in recent years.Russian First Deputy Foreign Minister Andrey Denisov and Mikhail Titarenko, chairman of the Russia-China Friendship Association, said the frequent high-level exchanges in 2009, joint celebration of the 60th anniversary of the Russia-China diplomatic relations and the success of the Year of Russian Language had played a key role in deepening bilateral relations.They said Russia-China relations would maintain sound development in 2010 and a series of grand events, including the Year of Chinese Language, would further boost bilateral ties.