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BEIJING, Sept. 27 (Xinhua) -- Top Chinese legislator Wu Bangguo met here Monday with President of the National Assembly of Mali Dioncounda Traore and the two sides pledged to enhance parliamentary exchanges.Wu, chairman of China's National People's Congress Standing Committee, welcomed his counterpart at the Great Hall of People in Beijing.Wu said Mali was one of the first countries in Sub-Saharan Africa to establish diplomatic ties with China and bilateral relations between the two countries have endured various tests over the years.The sustainable development of bilateral ties has its basis in political mutual respect and mutual economic benefit, Wu said.He said Chinese President Hu Jintao's successful visit to Mali last year pushed bilateral relations to a new high.This year marks the 50th anniversary of the establishment of diplomatic ties between the two countries.Expressing hope to work with Mali to deepen friendship and expand cooperation, Wu said China's National People's Congress attaches great importance to exchanges with the Malian National Assembly.Traore said Mali and China have traditional friendship and Mali admires China's national solidarity, social harmony and rapid economic growth.Mali will further develop bilateral ties between the two countries and their parliaments, Traore said.He reiterated Mali's strict observance of the one-China policy. He also said Mail supports China on issues concerning China's core interests.
BEIJING, Oct. 23 (Xinhua) -- One of China's top banking regulators has called upon the nation's commercial lenders to improve their balance sheets and reduce excessive reliance on lending for profits.Wang Zhaoxing, deputy chairman of the China Banking Regulatory Commission(CBRC), said banks should not seek excessive profits from a rapid increase in loans and a widening gap between lending and deposit rates, which is unsustainable.Chinese banks went on a lending spree in 2009 in response to the urging of the government as part of the 4-trillion-yuan (601 billion U.S. dollars) stimulus package to ward off the effects of the global financial crisis.Also, nearly 9.6 trillion yuan in new loans last year fuelled fears of banks distributing bad loans.Many banks continue to depend upon issuing credit to government-backed projects to secure profits, Wang said at an industry meeting Thursday. However, those projects often lack adequate risk management.Further, Wang urged lenders to improve balance sheets and the quality of assets, as well as the ability to manage risk aversion.Chinese banking and financial institutions reported net profits of 668.4 billion yuan last year, of which a lion's share came from the gap between deposit and lending rates, investment proceeds and fees, according to the report on China's banking industry issued by the CBRC in July.The report noted that the average capital adequacy ratio stood at 11.4 percent at the end of last year, above the international safety line, while the non-performing loan (NPL) ratio fell to 1.58 percent, down 0.84 percentage points from the level at the beginning of 2009.Despite the improved data, CBRC chairman Liu Mingkang has repeated warnings that an NPL rebound could bring with it risks from lending to local government financing platforms and the property sector which has accumulated asset bubbles.At the meeting, Wang said the CBRC would enhance oversight to assure unscrupulous and unhealthy financial institutions are phased out of the market.Also, China will gradually move towards a market-driven interest rate mechanism, which would ultimately squeeze bank profits.

BEIJING, Oct. 26 (Xinhua) -- Li Yuanchao, a member of the Political Bureau of the Communist Party of China (CPC) Central Committee, met with a delegation of Costa Rica's National Liberation Party (NLP) led by President Bernal Jimenez in Beijing Tuesday. Li, also a member of the CPC Central Committee secretariat and head of the Organization Department of the CPC Central Committee, praised China-Costa Rica cooperation since the establishment of diplomatic relations three years ago.Li said relations had developed rapidly through frequent high level exchange visits, enhancing political mutual trust and comprehensive cooperation in fields such as economy, culture and education. Li Yuanchao (R), a member of the Political Bureau of the Communist Party of China (CPC) Central Committee, who is also a member of the CPC Central Committee secretariat and head of the Organization Department of the CPC Central Committee, meets with Bernal Jimenez, president of Costa Rica's National Liberation Party (NLP), in Beijing, capital of China, Oct. 26, 2010.Li said the NLP had played an important role in promoting China-Costa Rica relations, adding cooperation between the two countries was in the interest of both peoples and was widely supported.Li hoped the sustainable and healthy development of relations would be promoted.Jimenez said the NLP was willing to push forward friendly exchanges and mutual cooperation and hoped China-Costa Rica relations could become a model for ties between China and Central America.
BEIJING, Oct. 21 (Xinhua) -- Chinese Vice President Xi Jinping Thursday stressed the importance of nurturing cadres from ethnic minority groups to help in the government's drive to develop regions inhabited by ethnic minorities.Efforts should be made to cultivate outstanding cadres with political integrity and professional competence from ethnic minorities, Xi said at a symposium marking the 30th anniversary of the establishment of a training course for Tibetan cadres at the Party School of the Central Committee of the Communist Party of China (CPC).The Party School of the CPC Central Committee initiated a training course for Tibetan cadres in Sept. 1980. Over the past three decades, more than 1,700 Tibetans have attended 42 sessions of the training course, becoming the backbone in promoting development, stability and ethnic unity in Tibet.Xi said Party schools should play a key role in training and nurturing cadres from ethnic minorities, who possess both political integrity and ability, particularly among young people and those who are from grass-roots levels.
BEIJING, Oct. 26 (Xinhua) -- Li Yuanchao, a member of the Political Bureau of the Communist Party of China (CPC) Central Committee, met with a delegation of Costa Rica's National Liberation Party (NLP) led by President Bernal Jimenez in Beijing Tuesday. Li, also a member of the CPC Central Committee secretariat and head of the Organization Department of the CPC Central Committee, praised China-Costa Rica cooperation since the establishment of diplomatic relations three years ago.Li said relations had developed rapidly through frequent high level exchange visits, enhancing political mutual trust and comprehensive cooperation in fields such as economy, culture and education. Li Yuanchao (R), a member of the Political Bureau of the Communist Party of China (CPC) Central Committee, who is also a member of the CPC Central Committee secretariat and head of the Organization Department of the CPC Central Committee, meets with Bernal Jimenez, president of Costa Rica's National Liberation Party (NLP), in Beijing, capital of China, Oct. 26, 2010.Li said the NLP had played an important role in promoting China-Costa Rica relations, adding cooperation between the two countries was in the interest of both peoples and was widely supported.Li hoped the sustainable and healthy development of relations would be promoted.Jimenez said the NLP was willing to push forward friendly exchanges and mutual cooperation and hoped China-Costa Rica relations could become a model for ties between China and Central America.
来源:资阳报