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BEIJING, Jan.14 (Xinhua) -- A Maldivian delegation visited southwest China's Yunnan province from Jan.11 to 14.During the visit, speaker of the Maldivian People's Majlis, Abdulla Shahid, held talks with directors of Yunnan's departments of tourism and commerce on Tuesday.Shahid said tourism was without a doubt the key industry of Maldives, adding that there are currently more than 10,000 Chinese tourists coming to Maldives every month."The opening flight between Kunming and Male, capitals of Yunnan and Maldives, increase high-level exchanges and commerce cooperation between the two countries", he saidTourism of China and Maldives strongly complement each other, vice chairman of the Standing Committee of the Yunnan provincial People's Congress, Yan Youqiong, said during their meeting.

BEIJING, Nov. 16 (Xinhua) -- China exported 16,000 tonnes of rare earth to Japan in the first nine months of the year, equivalent to 49.8 percent of its total rare earth exports, the Ministry of Commerce (MOC) said Tuesday.The figure was a 167-percent year-on-year rise, MOC spokesman Yao Jian said at a press conference.Exports to the United States increased 5.5 percent year on year to 62 million tonnes during the same period, equivalent to 19 percent of China's total rare earth exports.China exported 32,200 tonnes of rare earth in the first nine months of the year at an average price of 14,800 U.S. dollars per tonne.Yao said the Chinese government has tightened regulations concerning the development, production and export of rare earth out of concern for the environment.China cut its 2010 rare earth export quota 39 percent year on year while rare earth development and production capacities were reduced by 25 percent and 23 percent, respectively, he said.In addition, China has added a 15- to 25-percent export duty on rare earth exports while banning the export of 41 rare earth-related processed products.China's restrictive policies have been criticized by Japan, the United States and European countries. They said China's restrictions on rare earth exports violate World Trade Organization rules. China refutes such claims."China's restrictive measures comply with WTO rules, as the steps were taken in the whole process of exploitation, production and export," Yao said.China continued to export rare earth in recent years even as environmental pressures grew and resource-depletion approached, he added.He said China hopes other rare earth-rich nations will develop their own resources while adding that China is ready to cooperate with other nations to mine and process rare earth in an environmentally-friendly way.Rare earth is a key component in the manufacture of high-tech products ranging from computers to airplanes. But mining rare earth is a highly-polluting process.With a 90 percent share of the world rare earth trade, China's export quotas are a sensitive issue. In early November, the MOC denied suggestions there would be a drastic reduction in 2011 rare earth export quotas.

BEIJING, Dec. 31 (Xinhua) -- Chinese President Hu Jintao put the country's economic tasks on top of next year's agenda in a New Year address broadcast Friday.In his address to domestic and overseas audience via state TV and radio broadcasters, Hu said to accelerate the transformation of economic development pattern will be a consistent thread of China's work in 2011, the first year of the country's 12th Five-Year Program.China will adopt a "proactive" fiscal policy and "prudent" monetary policy, speed up economic restructuring, improve people's livelihood and push forward reform and opening-up, he said in the speech titled "Jointly Improve the Welfare of People from All Countries," broadcast by the China Radio International, China National Radio and China Central Television.The country will stick to the guidelines of "one country, two systems", "Hong Kong people governing Hong Kong", "Macao people governing Macao" and a high degree of autonomy to maintain long-term prosperity and stability of Hong Kong and Macao, he said."We will adhere to the principles of 'peaceful reunification' and 'one country, two systems,' firlmly hold on to the theme of peaceful development of cross-Strait relations, continue to advance exchanges and cooperation, and ceaselessly work for the benefit of the compatriots on both sides of the Taiwan Strait," he said.Chinese President Hu Jintao delivers a New Year address titled "Jointly Improve the Welfare of People from All Countries" which is broadcasted to domestic and overseas audiences via state TV and radio broadcasters, in Beijing, capital of China, Dec. 31, 2010. In 2010, in face of complicated domestic and international situations, Chinese people successfully hosted the Shanghai World Expo and the Asian Games in Guangzhou while bravely fighting against deadly natural disasters including the earthquake in Qinghai Province and the landslide in Gansu Province, he said.China fulfilled the targets set by the 11th Five-Year Program (2006-2010) and increased its economic and comprehensive strength, Hu said.The country was also actively engaged and played a constructive part in international cooperation to cope with global financial crisis, climate change and nuclear issues, he said."On behalf of the Chinese government and people, I would like to extend sincere acknowledgement to governments and people who offered great help to us this year," Hu said.WORKING TOGETHER WITH OTHER COUNTRIESThe world currently is witnessing multipolarization and globalization while science and technological development is on the edge of breakthrough, Hu said.But the global economy is still moving on a long and winding path towards recovery and issues like climate change, energy, food security and public health security become more serious, Hu said."International and regional hot issues have cropped up one after another, while peace and development of the world are facing unprecedented opportunities and challenges."China will hold high the flag of peace, development and cooperation, adhere to the independent foreign policy, maintain world peace and promote common development, Hu said.The country will stick to the principle of mutual benefits when opening up itself, he said.China will develop friendly cooperation with all other countries on the basis of the five principles of peaceful co-existence and continue to actively participate in international cooperation on global issues, Hu said."(We) will continue to work with the people of all countries to jointly promote the building of a harmonious world of lasting peace and common prosperity," said Hu.He also extended sympathy to people who have been suffering from war, poverty, diseases and natural calamities and promised that China will do all it can to help them as it has done before."I believe, as long as the people from all countries make efforts hand in hand, the world will have a better future and the welfare of the people from all countries will be improved," Hu said.An article by Hu on implementing the guiding principles of the Fifth Plenum of the 17th Communist Party of China (CPC) Central Committee will be published in Qiu Shi (Seeking Truth), an official magazine of the CPC Central Committee, on Jan. 1.

BEIJING, Jan. 15 (Xinhua) -- China should steadily promote the internationalization of its currency, the yuan, the head of China's social security fund said Saturday.The internationalization of the yuan is a significant step for advancing the reform of the international monetary system, Dai Xianglong, chairman of China's National Council for Social Security Funds, said when speaking at annual economic forum in Beijing.The current international monetary system has not adapted to the new patterns of global economic development, he said, adding that currency diversification is a realistic solution.Currency diversification means continuing the role of dollar, increasing the role of the euro and internationalizing other currencies, he said.The U.S. dollar, serving as both the U.S. currency and the most important international currency, will be used for U.S. policy goals when the two roles contradict each other, spurring fluctuations in global financial markets, he said, adding that the dollar has a tendency to depreciate.He said the Chinese yuan is a stable currency, and so ensures the safety of other countries' assets.The Chinese currency also enhances world trade, protecting the interests of China's foreign trade and investment, he added.The internationalization of the yuan will take 15 to 20 years, he said, suggesting an expansion of the overseas circulation of the yuan and an acceleration in the opening-up of China's large commercial banks to speed up the process.He urged Chinese banks in foreign countries to offer funding in yuan.He also called for more efforts to reform the interest rate mechanism, to ease the process of the internationalization of the yuan.

BEIJING, Dec. 20 (Xinhua) -- A draft amendment to China's Criminal Law remained unchanged in reducing the number of crimes subject to the death penalty.The draft amendment was submitted Monday to the Standing Committee of the National People's Congress (NPC), China's top legislature, for its second reading.In August this year, the NPC Standing Committee discussed the draft amendment during its first reading. The draft amendment will make 13 crimes exempt from capital punishment, if it becomes law.The crimes included: smuggling cultural relics, gold, silver, and other precious metals and rare animals and their products out of the country; carrying out fraudulent activities with financial bills; carrying out fraudulent activities with letters of credit; the false issuance of exclusive value-added tax invoices to defraud export tax refunds or to offset taxes; the forging or selling of forged exclusive value-added tax invoices; the teaching of crime-committing methods; and robbing ancient cultural ruins.During the process of the NPC Standing Committee's discussion, when the draft amendment was released for public submissions, some people suggested some of the 13 crimes be given death penalty while others thought that more crimes should be exempt from capital punishment.If the amendment becomes law, it will be the first time the number of crimes subject to the death penalty has been reduced since the People's Republic of China enacted its criminal law in 1979. It will also be a move by China to limit the use of the death penalty, after the Supreme People's Court in 2007 began to review and approve all death penalty decisions.The current law allows the death penalty for 68 crimes. The draft amendment, if passed, will reduce that number to 55.