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BEIJING, May 18 (Xinhua) -- Chinese Vice Premier Wang Qishan met here Tuesday with Charles Dallara, managing director of the Institute of International Finance (IIF).The two sides exchanged views on current global economic and financial situation, and issues related to global financial supervision.Dallara made the visit to China as guest of the People's Bank of China.Chinese Vice Premier Wang Qishan meets with Charles Dallara, managing director of the Institute of International Finance (IIF), in Beijing, May 18, 2010.IIF is the global association of financial service firms with more than 375 member institutions in over 70 countries.
SIRTE, Libya, March 27 (Xinhua) -- China expects that the Arab summit in Libya can coordinate the inter-Arab relations and make achievements in the Palestinian cause, a senior Chinese diplomat said here on Saturday."We hope the Arab countries could coordinate internal relations and achieve positive results in reconciliation among Palestinian factions as well as the resumption of Palestinian-Israeli talks at the summit," said China's Special Envoy to Middle East Wu Sike in an interview with Xinhua on the sidelines of the 22nd Arab Summit in the Libyan city of Sirte.As a special representative of Chinese Foreign Minister Yang Jiechi, Wu attended the opening ceremony of the summit at the invitation of the Arab League Secretariat. He transmitted a letter of Chinese President Hu Jintao to the Arab leaders."I will convey a strong message of China that we attach great importance to relations with the Arab world, and wish to promote further developments of such relations in the future," Wu said.Wu said China and the Arab world have a long history of friendly relationship. Since the founding of the China-Arab Cooperation Forum, the two sides have seen considerable progress made in the fields of political, economical and cultural exchanges as well as energy and environmental cooperation, and more than 10 mechanisms on exchange and cooperation have been established."China-Arab Cooperation Forum has become a successful brand," said Wu.Wu said before coming to Libya, he participated in a reception in Beijing together with Arab diplomats to celebrate the 65th anniversary of the establishment of the Arab League. These ambassadors and representatives highly appreciated the relationship between China and the Arab countries.Wu also said he would brief the Arab League headquarters and Arab foreign ministers on China's preparatory work for the foreign ministers meeting under the mechanism of the China-Arab Cooperation Forum to be held in May and convey the invitation of Chinese Foreign Minister Yang Jiechi.Asked about the Palestinian issue, Wu said "As a friend of the Arab world and the Palestinian people, China is very concerned about the Palestinian-Israeli conflict and has made unremitting efforts to push the issue solved through political negotiations."To achieve a comprehensive settlement of the Middle East issue and establish an independent Palestinian state are China's consistent position, he added."There are some new developments of this issue, and China has been in contact with concerned parties to promote the peace process," he said.The annual Arab summit opened here earlier in the day. The two- day gathering will focus on a package of issues facing the Arab leaders, including rescuing East Jerusalem from Israeli violation, the reconciliation of the Arab world and the Iranian nuclear issue.

BEIJING, April 7 (Xinhua) -- Chinese Vice Premier Li Keqiang urged the boosting of efforts to prevent and control the hand-foot-mouth disease (HFMD) nationwide as the illness re-emerges in parts of the country."Spring and summer is a peak period for infectious diseases. Currently, preventing and controlling various infectious diseases such as the hand-foot-mouth disease is a key task," Li said Wednesday at a meeting on a nationwide health campaign.At least five children died of HFMD and another 9,863 cases have been reported in central China's Henan Province as of March 23. The local government has asked kindergartens and schools across the province to step up health checks of children.Li urged the acceleration of research into vaccines and drugs for the disease and a focus on prevention and control work in rural areas for the most vulnerable groups.HFMD is a common illness mainly affecting children under the age of 10. It usually starts with a slight fever which is followed by blisters and ulcers in the mouth and rashes on the hands and feet. It is spread through contact with saliva or feces of the infected.Li stressed related departments across the country should step up work to prevent and control A/H1N1 influenza with emergency plans and ample storage of vaccines, drugs and equipment.Li added that major events, including the 2010 Shanghai Expo, will be the key events for disease control and prevention.
BEIJING, May 21 (Xinhua) -- The growth of China's electronic products industrial value-added output topped 18.2 percent in April year on year, the Ministry of Industry and Information Technology (MIIT) said Friday.The rate was 1.3 percentage points lower compared with March, but the ministry did not give detailed figures in the statement posted on its website.The industrial value-added output of the sector rose 21.7 percent in the first four months year on year, the statement said.China's combined exports of electronic goods rose 24.4 percent in April year on year to 267.8 billion yuan (39.2 billion U.S. dollars).Exports of integrated circuits and color TV sets grew 64.4 percent and 54.6 percent, respectively, in the period.
BEIJING, May 3 -- Ma Weihua, president and chief executive officer of China Merchants Bank (CMB), said he wanted to see Chinese banks elevate their level of globalization in the context of expedited overseas expansion of Chinese companies during his bank's recent road show in the United States. He said CMB would pursue this process ambitiously but cautiously.The bank is soon to relocate its night-shift foreign exchange trading team to its New York branch, which was established in 2008, and will move on to security trading as well in the future, according to Ma during a group interview. The branch is also working on consolidating its dollar settlement business."What I'm concerned about right now is to first have my New York branch familiarized with the US market, customers and rules as soon as possible so I can expand the business steadily," Ma told the audience at a recent speech at New York University's Leonard N. Stern School of Business. "We won't consider faster expansion until we have secured our position here."Because of policy restrictions, CMB and other Chinese banks are only able to provide very limited services overseas for now. Retail banking, which CMB is best at, is still being constrained in its New York branch, its first branch in the West. But the bank is eyeing up other opportunities.The branch is attaching increasing importance to the loan business for Chinese companies during their overseas merger and acquisition activities. It just completed a big deal for a Chinese State-owned conglomerate but declined to reveal its name."The most fundamental motive to globalize our bank is to support Chinese companies' overseas growth and to provide the same quality service for foreign companies as well when they come to China," Ma said.According to Ma, over the past five years, Chinese companies' overseas direct investment saw an annual increase of 60 percent and their non-financial overseas investment grew by 68.5 percent year-on-year.In comparison, overseas assets only make up less than 4 percent of Chinese banks' total assets, while in large banks in Europe and the US, the proportion is about 40 percent, he said.
来源:资阳报