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WASHINGTON, April 12 (Xinhua) -- China hopes various parties will continue to step up diplomatic efforts and actively seek effective ways to resolve the Iranian nuclear issue through dialogue and negotiations, Chinese President Hu Jintao said here Monday.During a meeting with his U.S. counterpart Barack Obama, Hu also said China and the United States share the same overall goal on the Iranian nuclear issue.Hu said China stands ready to maintain consultation and coordination with the United States and other parties within the 5-plus-1 mechanism, which includes the permanent UN Security Council members Britain, China, France, Russia and the United States and Germany, and in the United Nations and through other channels.Hu stated China's principled position on the Iranian nuclear issue, saying China is always committed to upholding the international nuclear non-proliferation regime and peace and stability in the Middle East.

BEIJING, April 13 (Xinhua) -- Chinese Premier Wen Jiabao met with his Mongolian counterpart Sukhbaataryn Batbold here Tuesday, pledging to boost trade cooperation and overall relations.Wen said the two countries were committed to promoting peace and stability in northeast Asia and cementing bilateral exchanges and cooperation in various areas.China persists in the building of good-neighborly relationships and partnerships with its neighbors, Wen said, calling on joint efforts with Mongolia to further strengthen bilateral ties and long-term friendship.Chinese Premier Wen Jiabao (R) meets with Mongolian Prime Minister Sukhbaataryn Batbold in Beijing, China, April 13, 2010. The two countries' economies were highly compatible, Wen said, calling on relevant departments to enhance coordination and support enterprises to expand cooperation and contribute to a new round of economic growth for both countries and the region as a whole.Batbold, who just finished his trip to the Boao Forum in south China's Hainan Province, said his current China visit was fruitful.High-level exchanges were pivotal to the growth of bilateral ties, Batbold said, adding his country expected a visit from Premier Wen at an early date.Mongolia hoped to enhance cooperation with China in the areas of trade, investment, agriculture, mining, finance and non-governmental exchanges, he added.

PISA, Italy, June 5 (Xinhua) -- The Chinese Communist Party's anti-graft chief He Guoqiang arrived here Saturday to start an official goodwill visit to Italy, the first leg of his five-nation tour.He, a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, made a written statement at the airport upon his arrival.He said both China and Italy are countries with great ancient civilizations, and that the two peoples have enjoyed a long-term friendship.He Guoqiang (R, front), a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee and head of the Central Commission for Discipline Inspection of the CPC, is welcomed upon his arrival in Pisa, Italy, June 5, 2010. He Guoqiang arrived here Saturday to start an official goodwill visit to Italy, the first leg of his five-nation tour.The Sino-Italian comprehensive and strategic partnership has kept developing in recent years, with political trust and trade and economic cooperation between the two countries deepened, and cultural and humanitarian exchanges yielding remarkable results, He said.He also said that all of the advances have not only benefited the two countries and peoples, but also contributed greatly to Sino-Europe cooperation.He, also head of the Central Commission for Discipline Inspection of the CPC, said that China and Italy now enjoy new opportunities to enhance their ties. He said that he hopes during his visit that both sides would exchange views on bilateral relations and other issues of common concern, and boost mutual understanding so as to lift friendly cooperation to a new height.He will later visit Iceland, Norway, Lithuania and Turkmenistan.

PYONGYANG, April 3 (Xinhua) -- The Democratic People's Republic of Korea (DPRK) top leader Kim Jong Il hosted a dinner party on Saturday for new Chinese ambassador Liu Hongcai, Chinese embassy diplomats and the visiting Chinese Tianjin Women's Volleyball Team.The Workers' Party of Korea (WPK) Central Committee Secretary Kim Ki Nam said in his address the traditional DPRK-China friendship, which was fostered by the elder generations of the two countries' leaders, had developed to new levels under the guidance of WPK General Secretary Kim Jong Il and Communist Party of China (CPC) Central Committee General Secretary Hu Jintao.Liu said China wanted to make more effort with the DPRK side for continuous consolidation and development of the China-DPRK friendship and cooperation.WPK Central Committee Secretary Choe Thae Bok, DPRK Foreign Affairs First Vice-Minister Kang Sok Ju and other major WPK and DPRK military officials were present at the party, at which the Chinese and DPRK sides sang national songs.Before the party, Choe, Kim Ki Nam and Liu watched a friendly match between the Tianjin volleyball team and the 4.25 Women's Volleyball Team of the DPRK.

BEIJING, April 12 -- As the country begins to phase out obsolete production methods in an economic restructuring drive, industries with overcapacity are likely to face even tougher financing terms this year.In response to the government call to curb excessive capacity, the banking regulator earlier this year asked lenders to maintain strict controls on loans flowing into industries including steel, cement, plate glass, shipbuilding, electrolytic aluminum, the chemical processing of coal and polysilicon.Liu Mingkang, chairman of the China Banking Regulatory Commission, said that commercial lenders should readjust their credit structures to support the country's industrial upgrading and restructuring drive."Loans to industries with overcapacity were growing at a significantly lower pace last year compared with that of the overall credit expansion," he said. Given that the country was considering an exit from the loose monetary policy implemented to counter the financial crisis last year, analysts said credit avenues for industries listed on the government "blacklist" were set to be limited. The Chinese government is targeted to give out 7.5 trillion yuan in new loans this year, lower than the record 9.59 trillion yuan lent in 2009.Indeed, industries with excessive capacity have not benefited from the lending binge last year, as commercial lenders' loans to such industries continued to drop. China Construction Bank (CCB), the nation's second largest lender, said its loans to industries with overcapacity accounted for 12.8 percent of the bank's total outstanding loans as of the end of last year, down from 15.7 percent a year earlier."We've decided to gradually exit from lending to industries with excessive capacity, and will only support leading enterprises in these industries and projects approved by the government," said CCB Vice-President Chen Zuofu.Bank of China, the most aggressive in pushing out credit among Chinese lenders last year, said outstanding loans for overcapacity industries declined to 219 billion yuan as of the end of last year, and account for 7 percent of the bank's total corporate loans.

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