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HONG KONG, July 20 (Xinhua) -- A photo exhibition opened here Monday to mark the 30 anniversary of the establishment of China-U.S. diplomatic relations.     The nearly 300 photos on display range in time from as far back as the voyage to China of the American trading ship Empress of China in 1784, to the G-20 Summit in London this year. Guests attend the opening ceremony of a photo exhibition marking the 30th anniversary of the establishment of the China-U.S. diplomatic relations in Hong Kong, south China, July 20, 2009. Nearly 300 photos were displayed in the exhibition.The photos reflect important economic, political and cultural events in the growth of the relations between the two countries, portraying a history of building bridges of understanding and cooperation between the two countries through high-level visits as well as the actions of thousands of individuals, companies, student groups and civic organizations.     "China-U.S. relations have made remarkable progress since 1979,with the joint efforts of four generations of Chinese leaders and seven U.S. presidents as well as the people of both countries," said Tung Chee-hwa, vice chairman of the National Committee of the Chinese People's Political Consultative Conference, at the opening ceremony. Tung Chee-hwa (Front), vice-chairman of the National Committee of the Chinese People's Political Consultative Conference, visits a photo exhibition marking the 30th anniversary of the establishment of the China-U.S. diplomatic relations in Hong Kong, south China, July 20, 2009. Nearly 300 photos were displayed in the exhibition, opened on July 20. He said that the exhibition will provide an opportunity for people to know further about the importance of Sino-U.S. relations so that they will make greater efforts to promote the relations.     Also speaking at the ceremony, U.S. Consul General in Hong Kong and Macao Joseph R. Donovan said that U.S.-China relations had been marked by success and challenges.     "Despite the scale of the task we have faced, each succeeding generation of leaders, diplomats, and individuals has broadened and strengthened the U.S.-China relations," he said, noting that the exhibition offers "snapshots" of their dedication and efforts.   A woman visits a photo exhibition marking the 30th anniversary of the establishment of the China-U.S. diplomatic relations in Hong Kong, south China, July 20, 2009. Nearly 300 photos were displayed in the exhibition, opened on July 20.  "Given Hong Kong's role as one of China's gateways fostering the interplay of culture and ideas between our two nations, it is quite fitting that we come together, in Hong Kong, to celebrate thirty years of cooperation between the U.S. and China," he said.     The exhibition is jointly presented by the Office of the Commissioner of the Ministry of Foreign Affairs of China in the Hong Kong Special Administrative Region, Chinese People's Association For Friendship with Foreign Countries and China-U.S. Exchange Foundation, in association with the Xinhua News Agency and some other media groups.

BEIJING, Sept. 12 (Xinhua) -- A senior leader of the Communist Party of China (CPC) on Saturday urged concrete measures to maintain stability, which he described as an "arduous" task.     Zhou Yongkang, a member of the Standing Committee of the CPC Central Committee Political Bureau, made the remarks at a meeting after hearing reports on the preparation for the security during the National Day holiday and the situations in the country's far western Xinjiang and Tibet.     "While on the whole the social situation is stable, the country now faces grave challenges in maintaining stability, and the task is arduous," Zhou said.     Currently, the overwhelming political task is to maintain the stability of the capital, said Zhou.     Grand celebrations will be held on Oct. 1 in Beijing to mark the 60th founding anniversary of the People's Republic of China.     Zhou urged officials and security workers to "fully prepare themselves for the most complicated situation" in order to ensure the smooth run of all activities during the National Day holiday.     Describing the security campaign as a "people's war", Zhou urged the capital's neighboring areas to strengthen security check and stamp out any factors that might harm stability outside Beijing "with utmost efforts."     Zhou noted that maintaining stability in Xinjiang, where recent needle attacks caused public scare and triggered mass protests after the riot on July 5, is also one of the most significant missions.     The riot left 197 people dead in Urumqi, the regional capital of Xinjiang, while five died during the mass protests in the city last week.     In addition, Zhou urged the local government in Tibet Autonomous Region to strengthen management on monasteries and "strictly" prevent any harmful attempts from separatists.     He said currently people across the country are all hoping for stability and development and "we are fully confident" in managing the security well around National Day.

BEIJING, Sept. 4 (Xinhua) -- China's government is adjusting its policies on imported technological equipment with the purpose of boosting domestic innovation and greater industrial restructuring and upgrading.     Key components and raw materials imported by domestic enterprises for manufacturing major technological equipment and products are exempted from import tariffs and value-added tax (VAT) as of July 1 this year, according to a joint communique issued by the Ministry of Finance and five other ministries Friday.     Tariff exemption for imported complete set of machinery and equipment will be revoked, according to the communique.     To ensure smooth transition, preferential policies for items which currently can not be wholly supplied domestically, if it is proved so after examination, will be phased out gradually.     Major State-backed key technological equipment includes clean energy power generating systems and nuclear power generating units of above a million kilowatts.     China's central government in March announced expenditure of 20 billion yuan (2.94 billion U.S. dollars) for this year, from a 908 billion yuan public sector budget, to help enterprises upgrade technology, energy efficiency and innovation.     It also unveiled a three-year plan in May to stimulate equipment-manufacturing industry, which lacks ability to innovate and had underdeveloped technology.     But experts said lack of funding and cooperation among research institutes still restrain China's technological transition.

BEIJING, June 29 -- Chinese listed banks, which have lent record high amounts in the first half, are likely to report lower profit growth in the period due to narrowing interest spreads and higher provisioning requirements, industry analysts said.     "We are expecting a 7 to 8 percent year-on-year profit fall among the 14 listed banks in the first half-year," said Wang Liwen, banking analyst with Shanghai-based Guotai Junan Securities Co, citing stretched interest spreads as the major reason.     In 2008, the net interest rate spread for banks ranged from 2.45 percentage points to 3.62 percentage points, with the average figure hovering around 3 percentage points. This year, as the government cut interest rates several times to spur economic growth amid the global financial crisis, the net interest rate spread is expected to be lower, at around 2.36 percentage points. Clients walk into the Suzhou branch of Bank of Ningbo in Suzhou, east China's Jiangsu Province, March 27, 2009.The bank, the first listed lender to file a mid-term report, said its first-half profits would drop nearly 5 percent from a year earlier    "A drop of 0.7 percentage points in the average net interest rate spread could mean some 7-billion-yuan decrease in the interest yield for each trillion yuan of new loans," said Wang.     Chinese banks extended a record 7.37 trillion yuan of new loans in the first half, triple the amount offered in the same period a year earlier and 47 percent more than the government's full-year target, after lending restrictions were eased in November to stem an economic slowdown.     However, most securities firms' reports said the country's 14 listed banks might post an average profit decrease ranging from 6 percent to 10 percent year-on-year in the first six months.     According to Wind Info, a financial data provider, the 14 listed banks reported a net profit of 232.7 billion yuan in the first half of 2008, an increase of 73 percent year-on-year. But this year, the net profit could probably stand at 210 billion yuan, down 10 percent on a yearly basis.     Bank of Ningbo, for instance, on July 14 announced no more than a 5-percent decease in net profit in its pre-released semi-annual report to the Shenzhen bourse. It is the first Chinese listed bank to report a profit fall in the first half.     Wang Yifeng, an analyst at TX Investment Consulting, said the improved provision coverage ratio requirement might also cripple profits at listed banks.     To prevent potential risks arising from the lending spree, China Banking Regulatory Commission raised the minimum provision coverage ratio requirement to 150 percent from 130 percent earlier this year.     "The increase will mainly eat into the profits of several large State-controlled banks as they are still not up to the new requirements," said Wang.     But as the squeezed spreads bottom out in the second half, most analysts said listed banks would still post positive growth for the whole year.     "Thanks to the widened interest rate spreads and lower loan cost in the following months, we are expecting a 10-percent growth in profits overall this year," said Liu Yinghua, an analyst with Shenzhen-based Ping An Securities.

RIGA, Sept. 1 (Xinhua) -- Chinese Vice Premier Hui Liangyu met with Latvian President Valdis Zatlers and Parliament Speaker Gundars Daudze here on Tuesday.     In his meeting with Zatlers, Hui said the China-Latvia relations have been developing smoothly in recent years. The two sides have maintained high-level contacts and strengthened mutual political trust. There has also been remarkable progress in economic and trade cooperation and people-to-people contacts.     President Zatlers visited China last year and reached important consensus with Chinese President Hu Jintao on the development of bilateral relations, said Hui.     The current visit is aimed at implementing the consensus reached last year, deepening friendship and promoting cooperation, he said.     The two sides should work together in face of the current global financial crisis, and should also look even farther and further promote cooperation, he said. Chinese Vice Premier Hui Liangyu (2nd R) meets with Latvian President Valdis Zatlers (3rd L) in Riga, capital of Latvia, Sept. 1, 2009. Hui expressed the hope that the two countries could promote exchanges between governments and enterprises, and explore new ways to strengthen economic and trade cooperation, so as to promote bilateral relations and bring benefits to the two peoples.     Zatlers extended congratulations on the 60th founding anniversary of the People's Republic of China, which falls on Oct.1 this year. China's development is an opportunity for Latvia, he said.     Latvia sees China as an important strategic partner and is willing to work with China to promote political contacts and expand cooperation in areas like economy and trade, land and sea transportation, and medicine.     In a separate meeting, Hui and Daudze spoke highly of the current bilateral relations and agreed to promote contacts between the two legislatures so that the two countries could share their experience in governance, thus contributing to the promotion of mutual understanding between the two peoples and the further improvement of bilateral relations. 

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