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NANCHANG, Sept. 26 (Xinhua) -- A Chinese commerce official on Sunday called on foreign investors to maintain their confidence in the country, promising China would make continuous efforts to improve its investment environment.Qian Fangli, deputy director of the Department of Foreign Investment Administration under the Ministry of Commerce (MOC), made the statement at a forum during the Expo Central China 2010 that opened Sunday.Although operation costs in China were rising because of higher labor and raw materials costs, foreign investment continued growing rapidly " because improvements in China's investment environment helped lower their investment costs and boost confidence," Qian said.Further, she noted that the Chinese government would continue to improve policies to encourage foreign investors. But she did not provide further details.In the first eight months of this year, foreign direct investment in China totaled 65.96 billion U.S. dollars, up 18.06 percent from one year earlier, according to MOC statistics.The Expo Central China, scheduled to run from Sept. 26 to Sept. 28, invited economists, entrepreneurs and officials to attend. The expo seeks to promote development in central China, which spans six provinces -- Shanxi, Anhui, Jiangxi, Henan, Hubei and Hunan.

URUMQI, Sept. 5 (Xinhua) - China will upgrade an annual trade fair held in Urumqi, capital of Xinjiang Uygur Autonomous Region, to a leading trade platform in the heart of Eurasia and to boost cross-border economic cooperation in a region vulnerable to unrest and violence.The China Urumqi Foreign Economic Relations and Trade Fair, which closed here Sunday, will be re-launched as China-Eurasia Expo beginning next year, government organizers said, and it will become an important exchange platform for the Shanghai Cooperation Organization, which includes China, Kazakhstan, Kyrgyzstan, Russia, Tajikistan, and Uzbekistan."The upgrading is overall and comprehensive," said China's Minister of Commerce Chen Deming, who heads the China-Eurasia Expo Organizing Committee.He said the Expo will serve as China's platform to reach out to the entire Asia and Europe rather than just central and south Asia.People visit the 19th Urumqi Trade Fair in Urumqi, capital of northwest China's Xinjiang Uygur Autonomous Region, Sept. 4, 2010. The five-day annual trade fair closed on Sunday. The Chinese government has decided to upgrade the Urumqi Trade Fair to the China-Aisa-Europe expo since 2011.Though details of the expo is not yet clear, organizers and observers said it might include talks to ink trade pacts between regional economies and will cover diplomatic and cultural issues as well.Foreign trade contracts signed at this year's fair totals 3.613 billion U.S. dollars, organizers said, while project contracts --including domestic deals--reached 126 billion yuan and cover a broad field of mining, crude oil processing, construction and tourism, among others.Xinjiang, which has a large proportion of ethnic Uygurs in its population and lies at China's far west bordering Central Asian states, including Pakistan and Afghanistan, is a region vulnerable to unrest and terrorist threats.In July 2009, 197 people were killed while 1,700 were injured in the country' s worst riots in decades in Urumqi. Authorities blamed separatists and extremists for inciting the violence.In the wake of the riot, the central government also ramped up development drives in this remote and largely underdeveloped region, aiming to root out the seeds of unrest.But the air of the city remains tense and security measures were re-enforced over the past five days during the fair. No violence or security issues were reported.Zhang Chunxian, the top official in Xinjiang, said holding the China-Eurasia Expo would help remake Xinjiang as a key region for China' s opening-up to its western neighbors.Ying Qian, an expert on regional cooperation with Manila-based Asian Development Bank, told Xinhua that the central government's policy supports for Xinjiang, such as taxation reform for crude oil and natural gas, and tax exemptions and reductions for enterprises in poverty areas, and increased fixed investment will undoubtedly increase the speed of economic growth and attract more domestic and foreign investments to Xinjiang.He said those fixed investments aimed at enhancing Xinjiang's position as the land bridge to connect rest of China to central Asia and beyond will yield most economic benefits for Xinjiang, as well as for rest of member countries of the ADB-supported Central Asia Regional Economic Cooperation (CAREC) Program.The program, initiated in 1997 to encourage regional cooperation, includes Afghanistan, Azerbaijan, China (focusing on Xinjiang Uygur Autonomous Region), Kazakhstan, Kyrgyz Republic, Mongolia, Tajikistan and Uzbekistan.The ADB economist said the investments should include key transport links, trade logistics facilities, and most importantly, border crossing points improvements."The CAREC countries need to turn their landlocked status into a land link for Eurasia, and to enable businesses to more readily access regional and global markets," said Ronald Butiong, the ADB economist who heads the CAREC Unit.

BEIJING, Oct. 18 (Xinhua) -- Following is Xinhua's translation of the full text of the Communique of the Fifth Plenum of the 17th Central Committee of the Communist Party of China (CPC), which was passed on Oct. 18:Communique of the Fifth Plenum of the 17th Central Committee of the Communist Party of China(October 18, 2010)The Fifth Plenum of the 17th CPC Central Committee was held in Beijing from October 15 to 18, 2010.Present at the plenum were 202 members and 163 alternate members of the CPC Central Committee. Members of the Standing Committee of the CPC Central Commission for Discipline Inspection and leading officials of relevant departments attended the meeting as non-voting delegates. Some delegates to the 17th CPC National Congress, including a few from the grass roots and a few experts and scholars, also attended the meeting as non-voting delegates.The plenum was presided over by the Political Bureau of the CPC Central Committee. Hu Jintao, General Secretary of the CPC Central Committee, delivered an important speech at the plenum.The plenum listened to and discussed the working report delivered by Hu Jintao, who was entrusted by the Political Bureau of the CPC Central Committee, and adopted the "CPC Central Committee's Proposal for Formulating the 12th Five-Year Program for China's Economic and Social Development (2011-2015)". Wen Jiabao made an explanatory speech on the draft proposal to the plenum.The plenum fully recognized the work of the Political Bureau of the CPC Central Committee since the Fourth Plenum of the 17th CPC Central Committee. The plenum unanimously agreed that the Political Bureau of the CPC Central Committee, faced with the fallout of the international financial crisis and sweeping changes in international and domestic landscapes, has thoroughly implemented the guidelines of the 17th CPC National Congress and the First, Second, Third and Fourth plenums of the 17th CPC Central Committee, held high the great banner of socialism with Chinese characteristics, and followed the guidance of the Deng Xiaoping Theory and the important thought of the "Three Represents," and comprehensively implemented the Scientific Outlook on Development. The Political Bureau of the CPC Central Committee has united and led the whole Party, military and Chinese people of all ethnic groups to celebrate the 60th anniversary of the founding of the People's Republic of China, effectively implement the stimulus package to counter repercussions of the international financial crisis, improve macro-regulation in a targeted manner, consolidate achievements in fighting the international financial crisis, accelerate the transformation of the economic growth mode, maintain stable and relatively rapid economic development. The Political Bureau of the CPC Central Committee has united and led the whole Party, military and Chinese people of all ethnic groups to make efforts to ensure and improve people's livelihoods, effectively cope with severe natural disasters such as the Yushu earthquake in Qinghai province and the Zhouqu mudslide in Gansu province, successfully accomplish the campaign of learning in-depth the Scientific Outlook on Development by all Party members and successfully host the Shanghai World Expo. The plenum agreed that remarkable progress had been made in various works and programs of the Party and the nation.

BEIJING, Oct. 29 (Xinhua) -- China Merchants Bank said Friday its profit rose 57.4 percent to 20.59 billion yuan (3.07 billion U.S. dollars) in the first three quarters from one year earlier.The jump in net profit was mainly due to higher interest income, the bank said in its business report filed with the Shanghai Stock Exchange.Also, total assets of the mid-sized lender had expanded to 2.36 trillion yuan by the end of September, up 14.10 percent from the end of 2009.Additionally, the bank's non-performing loan ratio was 0.64 percent, down 0.18 percentage points from the beginning of this year.Shares of the bank were down 2.41 percent at 14.57 yuan in Shanghai and down 1.13 percent at 21.95 HK dollars in Hong Kong Friday.

ROME, Oct. 7 (Xinhua) -- Chinese Premier Wen Jiabao, who is on a four-nation tour in Europe and Asia, held talks with Italian Prime Minister Silvio Berlusconi in Rome on Thursday.The two leaders exchanged views on bilateral relations and relations between China and Europe.Wen arrived here Wednesday night after a three-day visit to Belgium. He had visited Greece and is to visit Turkey.

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