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ADDIS ABABA, April 6 (Xinhua) -- The Chinese representative to the 120th Assembly of the Inter-Parliamentary Union (IPU) on Monday urged all countries to abandon any form of trade and investment protectionism amid the sweeping financial crisis.     "During times of economic difficulties, the international community should abandon all forms of trade and investment protectionism and work for the progress of the Doha round of negotiations at an early date," Uyunqimg, Vice chairwoman of the Standing Committee of China's National People's Congress, said at the Addis Ababa meeting. Uyunqimg, Vice-chairwoman of National People's Congress Standing Committee of China, attends the 120th Assembly of the Inter-Parliamentary Union (IPU) in Addis Ababa, capital of Ethiopia, April 6, 2009. The 120th Assembly of the IPU and its related meetings are being held in Addis Ababa from April 5 to 10, with the overall theme of "Parliament: Building Peace, Democracy and Development in times of Crisis"She told fellow parliamentarians that the outbreak of the global financial crisis added to the destabilizing factors and uncertainties in the international political and economic arenas, and posed grave challenges to the political, economic and social life of various countries.     "Therefore, it is timely and fitting for this IPU Assembly to put the tackling of the crisis top on its agenda," she said.     Due to their low level of economic development, lack of diversity in economic structure and vulnerability of the financial system, developing countries are far more severely affected by the financial crisis than developed countries.     The Chinese official called on the international community, developed countries in particular, to shoulder their due responsibilities and obligations, continue to honor commitments of assistance and debt reduction, maintain and increase assistance to developing countries to help them tide over the difficulties and maintain financial stability and economic growth.     "We hope that parliaments around the world will play a positive role, avoiding any legislation that is protectionist in nature and urging their respective governments to shun any action that may aggravate the economic hardship for developing countries under the current circumstances," she said.     The April 5-10 meeting attracted over 1,000 legislators from around the world, and the delegates are scheduled to discuss the political, economic and social situation in the world with the overall theme of "Parliaments: Building Peace, Democracy and Development in times of crisis."Uyunqimg, Vice-chairwoman of National People's Congress Standing Committee of China, addresses in the 120th Assembly of the Inter-Parliamentary Union (IPU) in Addis Ababa, capital of Ethiopia, April 6, 2009. The 120th Assembly of the IPU and its related meetings are being held in Addis Ababa from April 5 to 10, with the overall theme of "Parliament: Building Peace, Democracy and Development in times of Crisis".

BEIJING, Feb. 13 -- Chinese banks issued 1.62 trillion yuan (7 billion) in new loans in January, up 101 percent year-on-year, prompting some economists to say the government might not cut interest rates for the time being to boost the economy.     The massive jump in lending is equal to about one-third of the loans issued in the whole of 2008, a year that began on a generally tight credit line, the central bank said yesterday. M2, which includes cash and all types of deposits and indicates overall liquidity in the financial system, grew in January, too, by 18.8 percent year-on-year. It increased 17.8 percent in December.     The massive growth in lending comes at a time when banks are rushing to cherry-pick the juiciest stimulus-package projects, especially major infrastructure ones that need long-term investment, the economists said. Chinese banks issued 1.62 trillion yuan (7 billion) in new loans in January, up 101 percent year-on-year    The government announced a 6-billion package on November 9 to boost domestic demand and shore up investment. Though the central government will shoulder one-third of the cost, banks will play an important role in financing the construction of bridges, railways and highways.     "The banks are fighting for the best projects in the government's stimulus package," said Ha Jiming, chief economist of China International Capital Corp. "It's not surprising to see that an array of the deals were sealed in the past month."     "The massive lending growth minimizes the need to further cut interest rates heftily," said Lian Ping, chief economist with Bank of Communications. "The liquidity problem should ease with such a growth."     The central bank has cut the benchmark lending rate by 2.16 percentage points in the past four months and reduced the deposit reserve requirement ratio in order to ensure there's enough liquidity in the market to boost the economy.     The growth in lending could also prove to be a blessing for cash-strapped domestic enterprises trying to stay afloat amid shrinking overseas demand and waning consumer confidence.     Central bank figures show bill financing, which supplies working capital, accounted for 39 percent of the new loans.     Medium and long-term corporate loans made up 32 percent.     "It (growth) reduces the default risks of domestic firms, which in turn eases worries over bank asset quality at least in the short term," said Sun Mingchun, an economist with Nomura International.     The economists said the dramatic rise in lending could be partly attributed to pent-up demand for loans last year.     The central bank had imposed a curb on lending till November last year to combat inflation and prevent the economy from overheating.     That left "many firms, especially small- and medium-sized ones, facing a severe cash flow problem", Sun said.     Policymakers lifted the curb in November and raised the target for M2 growth to 17 percent for 2009, up from 16 percent that had been in practice since 2006.     The move is expected to ensure there's enough liquidity in the market to spur investment and boost the economy, whose growth dropped to a seven-year low of 6.8 percent in the fourth quarter last year.     "Credit expansion in the first quarter of this year is expected to be very high because banks can maximize investment returns by front-loading new loans," said Jing Ulrich, managing director and chairwoman of China Equities at JP Morgan.     But Ulrich cautioned against a possible rise in credit risk because the increase in liquidity could cause a sharp rise in banks' non-performing loans.

VALLETTA, Feb. 21 (Xinhua) -- China is willing to make joint efforts with Malta to further promote their traditional friendly relations, visiting Chinese Vice President Xi Jinping said here on Saturday. Xi arrived in Malta's capital Valletta on Saturday morning to pay an official visit to the Mediterranean island country, on the last leg of a six-nation tour that started on Feb. 8. Earlier he visited Mexico, Jamaica, Colombia, Venezuela and Brazil.     During a meeting with Acting Maltese President George Hyzler, Xi said that Sino-Maltese relations have been developing very well in recent years, with a frequent exchange of high-level visits, enhanced mutually beneficial cooperation, and active exchanges in such fields as culture, education and judicature.Chinese Vice President Xi Jinping (R) meets with Maltese Acting President George Hyzler (L) in Valletta, capital of Malta, Feb. 21, 2009.     China and Malta understand and support each other in major international and regional affairs, he said, adding that the two nations are "old friends and good friends" that have stood the test of time.     For his part, Hyzler thanked China for the sincere help it has provided for Malta, and congratulated China on the great achievements of its modernization drive. He also noted that there has been a good cooperative relationship between Malta and China. Chinese Vice President Xi Jinping (L) meets with Maltese Parliament Speaker Louis Galea in Valletta, capital of Malta, Feb. 21, 2009While meeting with Louis Galea, speaker of Malta's House of Representatives, Xi stated that parliamentary exchange is an important part of Sino-Maltese relations, and that strengthening exchange and cooperation between the two sides is of great significance for the development of bilateral ties and friendship between the two peoples.     China attaches great importance to the development of Sino- Maltese ties, treasures the friendship between the two peoples, and appreciates Malta's long-term adherence to the one-China policy, the vice president stressed.     In response, Galea said Malta has treasured its friendship with China, which is a major country in the world.     Malta highly appreciates China's foreign policy of peaceful cooperation, and expects China to actively play its part in promoting world peace, tackling the current financial crisis and protecting the environment, Galea said.     Both Hyzler and Galea reiterated that the Maltese government and parliament will firmly stick to the one-China policy.

CARTAGENA, Colombia, Feb. 15 (Xinhua) -- Visiting Chinese Vice President Xi Jinping Sunday held talks with Colombian President Alvaro Uribe in the northern Colombian port city of Cartagena.     Xi first transferred the sincere regards of Chinese President Hu Jintao and Premier Wen Jiabao to Uribe, and expressed his thanks to Uribe for specially coming here to meet the Chinese delegation. Visiting Chinese Vice President Xi Jinping meets with Colombian President Alvaro Uribe in Cartagena, a port city of Colombia, on Feb. 15, 2009Xi said the two peoples have enjoyed long friendship, which is deep-rooted in their hearts, despite the long distance between the two countries.     He mentioned Uribe's visit to the Chinese embassy last May to mourn the victims in the devastating quake in Sichuan province in southwestern China, and the Colombian government's statement to express its condolences to the victims.     He also said that after Colombia was struck by severe floods not long ago, the Chinese government provided aid to the South American country. Visiting Chinese Vice President Xi Jinping meets with Colombian President Alvaro Uribe in Cartagena, a port city of Colombia, on Feb. 15, 2009These moves reflected the deep friendship between the two peoples, said Xi, who arrived in Colombia Saturday for a three-day visit.     He said bilateral relations have made great headway in recent years under the care of the two countries' leaders.     In November, President Hu reached consensus with Uribe on deepening bilateral sincere and friendly political ties, strengthening mutually beneficial, win-win and practical cooperation, increasing civil exchanges, and boosting multilateral coordination and cooperation, Xi said.     The consensus is the principle and direction for the development of bilateral ties in the following period of time, he added.     Xi said next year will mark the 30th anniversary of the establishment of bilateral diplomatic relations, and bilateral ties will enter a mature period that enjoys full-scale development.     He said both sides should seize this opportunity to fully implement the consensus reached by the two countries' leaders and focus on the work in the following four fields:     -- to increase mutual trust in political affairs, deepen their sincere friendship, and care each other's concerns;     -- to make use of the advantage of mutual complementarity, expand bilateral trade, and promote trade balance;     -- to broaden cooperation fields, actively explore new fields and ways for mutually beneficial cooperation, and meet the new demands of common development;     -- to encourage investment and cooperation in various forms and promote the level of bilateral practical cooperation, with the Chinese government encouraging and supporting Chinese companies to carry out trade, economic and investment activities in Colombia.     For his part, Uribe asked Xi to convey the Colombian people's greetings to President Hu and the Chinese people.     Colombia attaches great importance to its relations with China and has always cherished friendly feelings for China, he said, adding that the Colombian government and people have very much looked forward to Xi's visit and are satisfied with the growth of bilateral relations in recent years.     Uribe recalled last year's signing of the bilateral investment protection agreement which he and President Hu had witnessed, saying it is a notable sign of the development of cooperation between Colombia and China.     Uribe expressed gratitude to the Chinese government for its assistance to Colombia and voiced appreciation for China's accession into the Inter-American Development Bank, which he believes will help strengthen Colombia-China relations.     Chinese enterprises are warmly welcomed to invest in and trade with Colombia, which has rich natural resources and a steadily-growing economy, he said.     Noting that Colombia is impressed by the efforts China made to cope with the global financial crisis and stimulate economic growth, Uribe expressed his belief that China is an engine of the world economy and its development and growth pace are key to a quick recovery of the world economy from the financial crisis.     Colombia stands ready to broaden its cooperation with China and push their relationship to new heights, he said.     Colombia is the third leg of Xi's six-nation tour. He has already visited Mexico and Jamaica and will also visit Venezuela, Brazil and Malta.

BEIJING, Feb. 19 (Xinhua) -- China on Thursday again lodged urgent representations to the Russian Minister Counsellor to China in regards to the sinking of a Chinese cargo ship in Russian waters.     The Sierra Leone-flagged vessel named "New Star" sank off the waters near Russia's far-eastern port of Vladivostok on Sunday. Seven Chinese crew members were still missing.     China paid great attention to media reports that the ship sank after a Russian Coast Guard cruiser fired at it, said Foreign Ministry spokeswoman Jiang Yu in a news release.     Jiang said China had urged the Russian side to spare no efforts to help search for the missing crew members and make thorough investigations to find out the causes of the incident as soon as possible.     The Chinese embassy in Russia and consulate general in Khabarovsk also made representations to Russia at the same time, Jiang noted.     "Russia attached great importance to China's concern," said Jiang, adding that relevant Russian department is investigating the conduct of law enforcement agencies involved in the incident and will inform China of the results in time.