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ADDIS ABABA, Dec. 13 (Xinhua) -- Ethiopian Minister of Finance and Economic Development Sufian Ahmed and a Chinese delegation led by Liu Liange, deputy president of Export-Import Bank of China (China Eximbank), on Monday discussed projects financed by the EximBank here in Addis Ababa, Ethiopia.The two sides exchanged ideas on ways of enhancing cooperation in infrastructure development and other sectors. Speaking at the discussion, Sufian said the two countries have been enjoying good relations in all sectors.He said China has forged good relations with the African continent in general and Ethiopia in particular."Particularly the relations between the two countries are increasing from time to time...We also thank the supporting hand of the Chinese government and the Chinese institutions. Exim Bank is one of the Chinese institutions we are working closely with," said Sufian.Liu Liange, on his part, said China has attached great importance to the China-Africa relations.He also said the state-owned China Eximbank would continue working in cooperation with Ethiopia.Sufian Ahmed told Xinhua after the discussion that they had fruitful talks with the Chinese delegation.He said they had agreed to further enhance cooperation between the two sides.

HANOI, Dec. 11 (Xinhua) -- Chinese and Vietnamese people kicked off a four-day mass gala here Saturday in Vietnamese capital city of Hanoi to celebrate 60 years of bilateral diplomatic ties.Tong Thi Phong, Secretarty of the Communist Party of Vietnam Central Committee, said at the opening ceremony that bilateral friendly relations between Vietnam and China are the treasure of two peoples, and the two countries have seen strengthened cooperation in various fields in recent years.Phong said the four-day big gathering of the Vietnamese and Chinese people will strengthen mutual understanding between the two countries, enrich bilateral comprehensive strategic cooperative partnership and advance bilateral ties.Chen Haosu, president of the Chinese People's Association for Friendship with Foreign Countries, said at the opening ceremony that China and Vietnam are good and close neighbors.Chen said this year marks the 60th anniversary of the establishment of bilateral diplomatic relations and China-Vietnam Friendship Year. Friendly-exchange activities held throughout this year have brought two peoples closer, said Chen.Chen expected the four-day gathering between Chinese and Vietnamese people could be conducted in the sprit of "carrying out traditional, strengthening friendship, promoting cooperation and advancing development".Chen said he is confident that the gathering would contribute to the strengthening of mutual trust and cooperation.Vu Xuan Hong, president of Vietnam Friendship Association attended the opening ceremony and spoke highly of the development of Vietnam-China friendly relations in recent years.The four-day gathering includes a number of activities like seminars on education policies and social policies, and an evening gala themed in "China-Vietnam Friendship Night".

BEIJING, Dec. 6 (Xinhua) -- A well-known economist said Monday that the biggest problem in China is not inflation, but shifting its economic structure to maintain sustainable growth."The biggest challenge faced by China is economic restructuring in order to shift the economy to a more balanced way that will provide sustainable economic growth," Stephen Roach, former chairman of Morgan Stanley Asia, told Xinhua."In the post-crisis environment, the shift means to build a consumer-led economy, and that is the overriding challenge in China," said Roach, who currently serves as non-executive chairman of Morgan Stanley Asia.Residents' incomes in China remain at a low level. "People's incomes are only 42 percent of the GDP, whereas in the US the rate is 86 percent. So the government should raise the income of the citizens, especially when China wants to stimulate domestic private consumption," said Roach."Of course, that does not mean the Chinese government should ignore the risk of higher inflation," he said.Official data showed that China's October Consumer Price Index (CPI), a major gauge of inflation, rose to a 25-month high at 4.4 percent."There is a certain amount of momentum to inflation, so it's likely to be the a problem over the next 12 months. If the government acts quickly, it will be able to limit the problem, or else China could be facing this problem in 2012 as well," said Roach.Roach suggested China should take broad and comprehensive approaches in dealing with inflation, and the medium-term goal of the shifted economic structure need to be maintained."The government has to demonstrate its resolve in dealing with inflation, and property market assets. It's a challenge, but I think the government is up to the challenge," according to Roach.

MOSCOW, Nov. 24 (Xinhua) -- Representatives and financial institutions from China and Russia on Wednesday signed 13 agreements worth eight billion U.S. dollars.Chinese Vice Premier Wang Qishan and Russian Deputy Prime Minister Alexander Zhukov, the two chairmen from each side of the Joint Commission for China-Russia Regular Meetings of Heads of Government, attended the signing ceremony held at the fifth China-Russia economic and trade summit forum.Among the deals were two financial agreements worth 236 million dollars, 10 cooperative agreements on economy and technology totalling 5.3 billion dollars, and one trade agreement worth around 320 million dollars.The agreements covered a wide range of areas including commercial trade, investment, mining, manufacturing, construction and telecommunications equipment.The signing of the 13 agreements has fully demonstrated the continuous deepening and broadening economic cooperation between the enterprises of China and Russia, thanks to the efforts of the governments of the two countries.

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