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BEIJING, Sept. 8 (Xinhua) -- A reception was given here Monday to mark the 60th anniversary of the founding of the Democratic People's Republic of Korea (DPRK). Chinese top political advisor Jia Qinglin attended the event.     Jia, chairman of the National Committee of the Chinese People's Political Consultative Conference, congratulated the DPRK on the anniversary, hailing the DPRK's economic and social achievements over the past six decades.     "We are wholeheartedly glad to see it, and hope to see the DPRK and its people score bigger achievements in their future national construction," Jia said at the opening of the reception. Jia Qinglin (L), chairman of the National Committee of the Chinese People's Political Consultative Conference, toasts with Choe Jin Su, ambassador of the Democratic People's Republic of Korea (DPRK) to China, during a reception at the DPRK Embassy in Beijing, capital of China, Sept. 8, 2008. DPRK Ambassador to China Choe Jin Su held the reception on Sept. 8 to celebrate the 60th anniversary of the founding of the Democratic People's Republic of KoreaThe senior Chinese leader also highlighted the traditional friendship between China and the DPRK, vowing that China will continue to make joint efforts with the DPRK to push forward the bilateral relations to a new level.     Choe Jin Su, DPRK ambassador to China, said that the DPRK highly values its ties with China and will join with China to further promote relations, especially at the 60th anniversary of the establishment of the bilateral diplomatic relationship next year.     He also expressed his congratulations on the success of the Beijing Olympic Games.

BUDAPEST, May 8 (Xinhua) -- Jia Qinglin, head of China's top political advisory body, on Thursday met with Hungary's parliament speaker and put forward a package of proposals for further expanding friendship and cooperation between China and Hungary.     Jia, chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), held talks with Szili Katalin, speaker of the Hungarian National Assembly in Budapest Thursday morning.     During the meeting, Jia suggested that the two countries should maintain high-level contact so as to deepen political trust. The two countries should also expand trade and economic cooperation in a bid to promote common development. China will continue to encourage well-established companies to invest in Hungary. It will also adopt effective measures to increase imports from Hungary and encourage enterprises from both countries to carry out active and concrete cooperation, Jia said. Jia Qinglin (2nd R), chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), meets with Speaker of Hungarian National Assembly Szili Katalin (2nd L) in Budapest, capital of Hungary, on May 8, 2008.The two countries should also promote human and cultural exchanges so as to improve mutual understanding, he said. China will continue to support the development of Hungarian-Chinese bilingual schools and the Confucius School in Hungary. To mark the60th anniversary of the establishment of diplomatic ties between China and Hungary, China will hold a "China Culture Festival" in Hungary next year, said the Chinese leader.     Jia said the CPPCC is ready to strengthen contact and exchanges with the National Assembly of Hungary by carrying out cooperation in all forms and at all levels.     Szili agreed with Jia's views on developing bilateral links. She expressed the wish that the two countries should continue to maintain exchange of visits by high-level officials, explore the potential and new areas of economic cooperation, expand cooperation in such fields as culture, education and tourism. She said the two countries should seize the opportunity of the 60th anniversary of diplomatic ties to push the development of bilateral relations.     Hungary attaches great importance to the 2008 Beijing Olympic Games and the Shanghai World Exposition and will actively participate in the two great events, Szili said.     She said Hungary gives priority to its relations with China in its overall foreign policy. As a member of the European Union, Hungary is ready to make active contributions to the development of EU-China relations.

DUSHANBE, Aug. 27 (Xinhua) -- China and Tajikistan have reached broad consensus on deepening bilateral cooperation in politics, economy, trade and their efforts to combat terrorism, according to a joint statement issued here Wednesday following a meeting between the presidents of both countries.     TO ENHANCE NEIGHBORLY COOPERATION     According to the statement, the two sides agreed that the Chinese-Tajik Good-Neighborly and Friendly Cooperation Treaty signed last year forged a solid legal basis for the development of bilateral ties.     Both sides spoke highly of the current development of bilateral ties and believed the rapid development of cooperation in various fields has brought tangible benefits to the two peoples.     They also made a commitment on furthering exchanges and cooperation between China's National People's Congress and the Tajik Parliament, as well as among special committees and friendly groups, in order to improve the legal basis for bilateral ties, consolidate traditional friendship and enhance understanding between the two peoples.     The two sides hailed the settlement of border issues and pledged to seek long-term peace. They also voiced mutual support for important issues concerning each others' sovereignty and territorial integrity. Visiting Chinese President Hu Jintao (R front) reviews the honour guard with his Tajik counterpart Emomali Rakhmon during the welcoming ceremony held by Emomali Rakhmon in Dushanbe, capital of Tajikistan, Aug. 27, 2008The statement has Tajikistan reiterating its adherence to the one-China policy, saying Taiwan is an inalienable part of China.     The two sides held the point that the Shanghai Cooperation Organization (SCO) has developed smoothly and become an important platform for member states to deepen neighborly ties on the basis of mutual trust and benefit.     Central Asian countries have unique traditions in history and culture, and the international community should respect the countries' own development paths, the statement said.     The two sides pointed out that they have maintained the same or similar stances on a series of major international or regional issues, and will strengthen cooperation under the framework of the United Nations and other international organizations. Visiting Chinese President Hu Jintao (L back) and his Tajik counterpart Emomali Rakhmon hold joint press conference after meeting in Dushanbe, capital of Tajikistan, Aug. 27, 2008TO BOOST ECONOMIC TIES     China and Tajikistan agreed that bilateral economic and trade cooperation bears special significance for the all-round development of bilateral ties.     They agreed to intensify the work of the inter-governmental trade commissions, improve investment environment and further optimize the structure of bilateral trade.     China and Tajikistan will also expand cooperation in transportation, telecommunications, mineral exploration and processing, as well as agriculture and infrastructure, the statement said.     The two sides will tap cooperation potential in road transportation and cross-border transportation, and boost pragmatic cooperation in border areas by adopting policies encouraging trade.     The two neighbors will also create favorable conditions for each other to carry out investment, trade, and technical and economic cooperation.     In addition, China and Tajikistan will step up efforts to broaden cooperation in education, culture, science and technology, media, tourism, sports, health and social security. Visiting Chinese President Hu Jintao (R) meets with Tajik Prime Minister Akil Akilov in Dushanbe, capital of Tajikistan, Aug. 27, 2008TO COMBAT TERRORISM, DRUG-RELATED CRIME     Both sides agreed that cracking down on the East Turkistan terrorists is a significant part of the international struggle against terrorism.     China and Tajikistan have signed the multilateral Shanghai Convention on Combating Terrorism, Separatism and Extremism, and a convention on bilateral cooperation in combating the three forces.     Based on the conventions, the two countries will maintain close cooperation in security and take strong measures to jointly combat terrorism in various forms to protect regional peace and stability.     The two sides also pledged to fight against drug-related crime, saying such crimes have seriously affected national security and social stability of the countries in the region, the statement said.     Visiting Chinese President Hu Jintao and his Tajik counterpart Emomali Rakhmon met here Wednesday to discuss furthering bilateral ties. Hu arrived here on Tuesday for a state visit and the SCO summit slated for Thursday.

BEIJING, Oct. 4 (Xinhua) -- The ongoing global financial turbulence will have a limited impact on China's banks and financial system in the short run, according to officials and experts.     "We feel China's financial system and its banks are, to the chaos developed in the U.S. and other parts of the world, relatively shielded from those problems," said senior economist Louis Kuijs at the World Bank Beijing Office.     He told Xinhua one reason was that Chinese banks were less involved in the highly sophisticated financial transactions and products.     "They were lucky not to be so-called developed, because this (financial crisis) is very much a developed market crisis." Farmers harvest rice in 850 farm in Northeast China's Heilongjiang Province on Sept. 26, 2008.    A few Chinese lenders were subject to losses from investing in foreign assets involved in the Wall Street crisis, but the scope and scale were small and the banks had been prepared for possible risks, Liu Fushou, deputy director of the Banking Supervision Department I of the China Banking Regulatory Commission, told China Central Television (CCTV).     Chinese banks had only invested 3.7 percent of their total wealth in overseas assets that were prone to international tumult, CCTV reported. The ratio of provisions to possible losses had exceeded 110 percent at large, state owned listed lenders, 120 percent at joint stock commercial banks and 200 percent at foreign banks.     Kuijs noted most of the banks resided in China where capital control made it more difficult to move money in and out. Besides, the country's large foreign reserves prevented the financial system from a lack of liquidity, which was troubling the strained international markets.     "At times like this, one cannot rule out anything," he said. "But still we believe the economic development and economic fundamentals in China are such that it's not easy to foresee a significant direct impact on the financial system."     However, he expected an impact on China's banks coming via the country's real economy, as exports, investment and plans of companies would be affected by the troubled world economy and in turn increase pressure on bad loans.     Wang Xiaoguang, a Beijing-based macro-economist, said the growing risks on global markets would render a negative effect on China in the short term but provided an opportunity for the country to fuel its growth more on domestic demand than on external needs.     He urged while China, the world's fastest expanding economy, should be more cautious of fully opening up its capital account, the government should continue its market reforms on the domestic financial industry without being intimidated.     Chinese banks had strengthened the management of their investments in overseas liquid assets and taken a more prudent strategy in foreign currency-denominated investment products since the U.S.-born financial crisis broke out, CCTV reported.

BEIJING, July 7 -- Chinese state-owned banks, including Industrial & Commercial Bank of China, intend to boost the contribution of the credit card business to their profits as they tap the rising demand to use plastic to pay for purchases.     ICBC, the country's biggest lender, expects to boost its credit cards in circulation to 50 million at the end of 2009 from 33 million now, Li Weiping, president of the Beijing-based bank's card center, told Shanghai Daily on Saturday in Shanghai. Industrial & Commercial Bank of China Ltd expects to boost its credit cards in circulation to 50 million at the end of 2009 from 33 million nowThe country's biggest bank, which had earlier planned to boost card number to between 35 million and 38 million, expects to achieve the target, going by the pace of its card issuance in the first half, Li said. The credit card business accounts for about 10 percent of the bank's intermediary business, or fee-based income, and is one of the main contributors.     Chinese banks are shifting from its traditional deposit-lending business as they expand their profit avenues.     ''We expect the contribution (of credit cards to profit) to grow by 2 to 3 percentage points annually,'' Li said.     ICBC is among the country's "big four" state-owned banks to speed up the credit card business while their smaller joint stock rivals have already an edge in the market.     China Merchants Bank, the sixth biggest lender on the Chinese mainland, has one-third share of the credit card market. Other state-owned banks, including Agricultural Bank of China, said they are seeking growth as they pursue prudent risk control.     China Construction Bank expects to break even on its credit card business next year, said Wu Huitao, deputy general manager of the bank's credit card center. CCB targets card numbers at 20 million at the end of this year, from 16 million now, Wu said.     Credit cards will be the most important consumer credit product after mortgages, with profit forecast to reach US.6 billion by 2013, accounting for 22 percent of total consumer credit profits, said New York-based McKinsey & Co.