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SHANGHAI, April 30 (Xinhua) -- President Hu Jintao said Friday China attaches great importance to its relations with the Democratic People's Republic of Korea (DPRK), adding cementing friendly ties between the two countries has been a consistent policy of China.China is willing to join hands with the DPRK to promote the good neighborly relations to new heights, Hu said when meeting with Kim Yong Nam, president of the Presidium of the Supreme People's Assembly of the DPRK.Hu said China would maintain and strengthen friendly exchanges with the DPRK at all levels. He urged the two sides to provide mutual support on major international and regional issues, and enhance communication and coordination on important issues. Chinese President Hu Jintao (R) meets with Kim Yong Nam, president of the Presidium of the Supreme People's Assembly of the Democratic People's Republic of Korea, in Shanghai, east China, on April 30, 2010. China and the DPRK celebrated the 60th anniversary of their diplomatic ties by holding the Year of Friendship in 2009. Kim Yong Nam said the Year of Friendship had yielded substantial results.Kim Yong Nam said the DPRK was willing to expand and deepen cooperation with China and promote bilateral friendly cooperative relations.
MANILA, June 4 (Xinhua) -- Philippine President Gloria Macapagal Arroyo lauded bilateral friendship at a ceremony held here Friday to mark the 35th anniversary of the establishment of Chinese-Philippine diplomatic relations.Arroyo said "When I became President, I made June 9 every year Filipino-Chinese Friendship Day. In the past, I set aside June 9 to attend activities to my Filipino-Chinese Friendship Day in Manila. But this year, many of you will be with me in Shanghai to celebrate this occasion."She said, "Our geographical ties, our trade relationship, our family relationship dates back centuries before our diplomatic relations and even before our two republics were established." "We are family, China and the Philippines are family." "We are family, more than neighbors.""During my visits to China over the last nine years, I had the privilege of visiting many cities all over China, and was greeted with the highest-ranking officials, including President Hu Jintao, Premier Wen Jiabao, and former President Jiang Zemin," she said.Philippine President Gloria Macapagal Arroyo receives a gift at the soiree celebrating the 35th anniversary of diplomatic ties between the Philippines and China, in Manila, capital of the Philippines, June 4, 2010. China is now our third largest trading partner. China is also one of the fast growing sources of tourists for the Philippines. The Filipino businessmen have almost invested 3 billions U.S. dollars in China. Likewise, Chinese investments in the Philippines have also grown in the past decades.She also said "I may not be President next month, next year, and the years to come, but as congresswoman...Let me assure you that I remain committed as ever to promoting and further strengthening a solid partnership between our two countries."Chinese ambassador to the Philippines Liu Jianchao said, "More than 35 years ago, our two countries were still overshadowed by zero-sum Cold-War mentality. Today, exchanges and mutual understanding at all levels have reached breath and depth never seen before.He added that 35 years ago, China-Philippines trade volume was lingering around 72 million U.S. dollars. The figure spiked to a record-high at 30 billion U.S. dollars in 2007 and registered a quarter-on-quarter increase of more than 50 percent during the first three months of this year.The numerous exchange visits of artists, writers, journalists, teachers, performers and sportsmen between our two countries have fostered deeper understanding of our ways of life as well as friendship between the Chinese and Filipino peoples. Only through friendship and mutual respect, through understanding and acceptance of common and contrasting characteristics, can nations truly live in an atmosphere of amity and harmony.Alfons A. Uy, president of Federation of Filipino-Chinese Chambers of Commerce, said Chinese-Filipino partnership flourished and grew stronger with the signing of the Joint Communique establishing diplomatic relations between China and the Philippines in 1975."We will also continue to lead the Chinese-Filipino community in undertaking projects that would promote national growth and development," he said.The ceremony was jointly organized by the Federations of Filipino-Chinese Chambers of Commerce and Industry and other Chinese organs to mark the 112th Philippine Independence Day, the 35th anniversary of the Establishment of Diplomatic Relations between China and the Philippines and the 9th Filipino-Chinese Friendship Day.

BEIJING, May 22 -- China's stock index futures wrapped up their first month of trading on Friday as the May contract was delivered smoothly without triggering sharp declines or volatility in the spot market.The May contract rose 0.51 percent to close at 2749.8 points while the June contract, the most actively traded, rose 1.44 percent to close at 2801 points. The CSI 300 Index, which tracks 300 large caps traded on the Shanghai and Shenzhen bourses gained 1.57 percent to 2768.79 points.The smooth settlement of the May contract eased investors' worries about the "expiration day effect", with fears that it would trigger sharper volatility on the spot market due to more active trading of index futures as investors rushed to close positions for May and changed to June contracts on that day."The trading volume and the holdings of the May contract dramatically decreased in the past month, which significantly reduced the incentive of price manipulation in the spot market," said Yang Cui, an analyst at Changjiang Securities.Chen Zhenzhi, an analyst at Guangfa Futures, said the impact of the expiry day was very limited due to the fact that most institutional investors have not participated in index futures trading.The China's index futures market is still dominated by retail investors although securities firms and equity funds have been allowed to trade the new financial instrument. The securities regulator required that institutional investors should trade index futures for hedging rather than speculative purposes.Trading of index futures contracts, agreements to buy or sell the CSI 300 Index at a present value on an agreed date, allow investors to profit from both gains and declines in the market. Chinese investors could previously only profit from gains in equity prices.Some analysts said the launch of the financial instrument was one of the reasons leading to the recent decline as the short selling mechanism increases market volatility in the short term.The benchmark Shanghai Composite Index has declined 17 percent since the launch of index futures trading on April 16. It has been ranked as one of the world's worst performers along with some debt-troubled European countries.But Wang Lianzhou, former deputy director of the National People's Congress' finance and economics committee, was recently quoted by Chinese media as saying that the market's decline should not be blamed on index futures, which is designed to make the market more professional and less speculative.
BEIJING, April 21 (Xinhua) -- Chinese President Hu Jintao on Wednesday paid a silent tribute in Beijing to the victims of the earthquake in northwest China.The other eight members of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee also joined Hu to mourn the victims.National flags flew at half-mast at government agencies in the Chinese capital on Wednesday and all public entertainment was suspended. Chinese national flag flies at half-mast to mourn for the victims of Yushu earthquake, in the Tian'anmen Square in Beijing, capital of China. April 21, 2010.At Tian'anmen Square in downtown Beijing, thousands of people watched the national flag hoisted to full height and then lowered to half-mast at about 5:33 a.m..The 7.1-magnitude quake that struck Yushu, northwest China's Qinghai Province, last week had left 2,064 dead and 175 people still missing as of Tuesday. The quake had also left 12,135 injured, of whom 1,434 were in serious condition
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