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NEW YORK, Jan. 6 (Xinhua) -- Visiting Chinese Foreign Minister Yang Jiechi said here on Thursday that Chinese President Hu Jintao's upcoming state visit to the United States will promote further growth of Sino-U.S. relations in the new era.Yang made the remarks when addressing at the luncheon organized by the Council on Foreign Relations, a U.S. think tank headquartered in New York.Yang said that Hu's upcoming state visit to the U.S., conducted on the occasion of the 40th-anniversary of the restoration of China-U.S. contact and at the beginning of the second decade of the 21st century, would promote further development of a positive, cooperative and comprehensive bilateral ties in the new era.Chinese Foreign Minister Yang Jiechi delivers a speech during a luncheon at the Council on Foreign Relations (CFR) in New York, the United States, Jan. 6, 2011. With joint efforts from both sides, Yang said, the visit will effectively boost the practical cooperation between both countries, enhance the mutual understanding and friendship between the two peoples and have a major positive impact on safeguarding world peace, stability and promoting common development.U.S. participants to the luncheon said the relationship between the U.S. and China is of vital importance to both sides and the world at large. They expressed the hope that the positive, cooperative and comprehensive bilateral relationship will continue and expand.Describing President Hu's upcoming state visit to the U.S. as an event of great significance in bilateral relationship, they said they expect the visit to be a complete success.On Wednesday, Yang met with former U.S. Secretary of State Henry Kissinger in New York and attended a dinner hosted by Kissinger. He also met with U.S. people of various walks of life and held candid and in-depth talks with them on bilateral ties.

BEIJING, Nov. 26 (Xinhuanet) -- The Shanghai municipal government is making moves to enhance its mergers and acquisitions (M&As) market, a move in tune with the cosmopolitan city's ambition to make itself a global financial hub by 2020.The city will initially actively propel the construction of its financial market and M&A-related auxiliary services, especially the agents who facilitate deals, to aid these activities, said Shanghai Vice-Mayor Tu Guangshao on Thursday.He said the local government is also considering setting up a China Mergers and Acquisitions Association in Shanghai.Meanwhile, plans to open an M&A museum are also in the pipeline to help create an M&A culture in the city."We've made concrete efforts to encourage benign conditions to allow these plans to materialize," Tu said.The M&A market, in turn, will help catalyze improvements in the city's financial market functions, structures, and systems, as well as boosting badly needed adjustments to its economic structure. This will help Shanghai further speed up its plans to become a global financial center by 2020, an ambition which was approved by the State Council in March 2009.According to figures from the Shanghai headquarters of the People's Bank of China (PBOC), there are 11 financial institutions running M&A loan businesses in the city, lending more than 10 billion yuan (.5 billion) during the first seven months of this year.The central government in September issued guidelines on the promotion of enterprise M&A in six major industries, including automobiles and cement, to accelerate cross-border corporate restructuring and cater for the nation's aim of rebalancing the economy as the 12th Five-Year Plan (2011-2015) approaches."We should increase support for cross-border M&A activities, which is of great significance to China's economy and will help stimulate the Asian economic recovery," said Su Ning, board chairman of China UnionPay, the country's only credit card network.The former vice-governor of the PBOC also urged more private firms, which have actively sought areas of overseas expansion, to participate in cross-border deals using their extensive capital resources.China's private economy accounts for more than half of the nation's gross domestic product, according to Huang Mengfu, vice-chairman of Chinese People's Political Consultative Conference. "Active private investment, as such, is pivotal to the nation's economic development the non-State economy will certainly replace investment by State-owned firms as a driving force to boost the Chinese economy after the financial crisis," said Huang, who also serves as chairman of All-China Federation of Industry and Commerce.Privately owned auto maker Zhejiang Geely Holding Group in August completed its .8 billion acquisition of a stake in Volvo Car Corporation, a move which emphasizes the desire of China's cash-rich private companies to make acquisitions abroad.In addition, industry experts said that financial institutions should develop more financial innovations to supply China's overseas acquisition wave, and encourage more private equity funds to participate in cross-border deals, rather than simply focusing on pre-Initial Public Offering projects.

HOHHOT, Jan. 2 (Xinhua) -- Chinese Premier Wen Jiabao has stressed that herdsmens' living standards should not be lowered as the nation strives to conserve the grasslands.Wen made the remarks during a two-day tour to Xilingol, Inner Mongolia Autonomous Region, that ended Sunday.From the beginning of this year, China is giving financial assistance to herders for their efforts to conserve grasslands and to compensate them for their losses.China's pastoral regions are vast and have great development potential. The development of animal husbandry not only helps herders improve their living standards but also concerns cities' non-staple food supply, the Premier said."Periodic bans are an important step to restore the grasslands. They should be implemented gradually. Herders' living standards should not be lowered and pastoral regions' supply of beef and mutton should not be reduced during the process," he said.Officials should visit yurts to discuss the policy with affected herders, Wen said while inside a yurt, a traditional Mongolian tent.He called on authorities to devise policies for the sound and fast development of pastoral regions, on the basis of the new reward-compensation mechanism.He urged local governments to make more efforts to improve grass seeds, livestock and irrigation systems, to provide vocational training for herders and to facilitate the modernization of stock breeding and pasture areas.

BEIJING, Dec. 2 (Xinhua) -- China on Thursday said it expected a trilateral meeting in Washington next week to ease tensions on the Korean Peninsula, promote dialogue rather than inflame the situation."As the situation on the Korean Peninsula is highly complicated and sensitive, we expect the meeting to ease tensions and promote dialogue, rather than heighten tensions and intensify confrontation," Chinese Foreign Ministry spokesperson Jiang Yu said in a statement Thursday night.Jiang made the statement, referring to a meeting among the foreign ministers of the United States, Japan and Republic of Korea, which is scheduled for next Monday in Washington.

ISLAMABAD, Dec. 18 (Xinhua) -- Chinese Premier Wen Jiabao met with Pakistani President Asif Ali Zardari here on Saturday, and the two leaders agreed to boost the traditional China-Pakistan friendship.Wen said he felt the profound and brotherly feelings of the Pakistani people when he landed in the country for a second time after five years.The Chinese premier, who arrived here Friday, said China values the time-tested friendship with Pakistan and hopes to expand bilateral cooperation.In the new global and regional situation, Wen said China and Pakistan are facing new opportunities and challenges to develop their ties.China will maintain the frequent exchanges of visits by state leaders and increase dialogue at different levels, he said.Visiting Chinese Premier Wen Jiabao (L) shakes hands with Pakistani President Asif Ali Zardari during their meeting in Islamabad, capital of Pakistan, Dec. 18, 2010. The two countries will enhance their strategic coordination, scale up the cooperation of mutual benefit, better safeguard their shared interests and realize common development, Wen said.Regarding the floods which hit Pakistan this summer and caused huge losses, Wen said the Chinese government and people shared the pain of the Pakistani people.China would help the flood-hit Pakistanis to weather through the difficulties and rebuild their homes, the Chinese premier said.Zardari, for his part, said China and Pakistan are true partners and close brothers with multi-dimensional cooperation, holding the same or similar positions on key regional and international issues.The ever-deepening friendship has contributed to the economic development and the social harmony in both countries, and also helped promote regional peace, stability and development, the president said.Wen's visit to Pakistan, which is significant and fruitful, will push the bilateral relations to a new high, he said.Wen arrived here Friday for a three-day visit.

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