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UNITED NATIONS, Sept. 20 (Xinhua) -- China supports for UN General Assembly to play an even greater role in handling international affairs, Chinese Foreign Minister Yang Jiechi said Monday.Yang made the remarks in a meeting with UN General Assembly President Joseph Deiss at UN Headquarters on the sidelines of a high-level meeting on anti-poverty goals.The foreign minister voiced hope for the General Assembly to attach greater importance to development issues, proactively implement the outcomes of the UN high-level meeting, pay attention to the concerns of developing countries and further promote international development cooperation.On Monday morning, Yang also held separate meetings with Arab League Secretary-General Amr Moussa and the foreign ministers of Khazakstan, Indonesia and Switzerland.He told Mousa that China hopes for a stronger Sina-Arab strategic relationship of cooperation, and that China remains committed to supporting the just cause of the Palestinian people in seeking legitimate national interests.
BEIJING, Sept. 20 (Xinhuanet) -- Chinese e-commerce giant Alibaba Group on Sunday turned down the suggestion by Yahoo chief executive officer Carol Bartz that she be allowed to join the board of Alibaba, replying that Bartz should focus on improving Yahoo's own business first.Wang Shuai, chief marketing officer of Taobao.com under the group, said he has been "perplexed" by Bartz's decisions and attitudes since she became CEO of Yahoo in January 2009, claiming: "They demonstrate a lack of appreciation of the Internet, the mainland market and business partners."In response to Bartz's suggestion that she join the board of Alibaba, Wang said: "Perhaps it would not be a bad idea for her to concentrate her efforts on improving Yahoo's current situation."On Friday, Bartz touted Yahoo's 39 percent investment in Alibaba, a day after the Chinese Internet company said Yahoo had rejected its offer to sell the stake back to the group.The 62-year-old executive said the ideal time for Yahoo to exit from Alibaba will be after Taobao.com and Alipay.com, Alibaba's online shopping and payment subsidiaries, go public. She added that she will "probably" join the company's board later this year, when Yahoo gets a second seat on the board under its 2005 agreement with the company.Wang said on Sunday that Alibaba had no plans for Taobao.com to go public.Alibaba sold a 39 percent stake in the company to Yahoo in 2005 for billion and ownership of Yahoo China.The relationship between the two companies has been deteriorating recently, especially after Bartz replaced Yahoo's co-founder, Jerry Yang, to become chief executive of the company.

BEIJING, Aug. 29 (Xinhua) -- China National Chemical Engineering Co., Ltd. (CNCEC), one of the country's leading engineering, procurement and construction firms, said its net profit for the first six months of 2010 grew by 58.61 percent.Net profits totaled 653 million yuan (96 million U.S. dollars) while earnings per share stood at 0.13 yuan, up 20.37 percent from one year earlier, the company said in a statement filed with the Shanghai Stock Exchange late Sunday.CNCEC said its revenues during the first half of this year were valued at 14.57 billion yuan, among which project construction contracts accounted for 13.03 billion yuan, up 15.97 percent from one year earlier.The Beijing-based company has also made progress in overseas markets where revenues increased by 63.53 percent to nearly three billion yuan, while domestic revenues grew by 8.54 percent to 11.5 billion yuan, according to the statement.CNCEC attributed its strong performance to collective material purchasing, improved outsourcing and investment management, continuously reduced project costs and an effective human resources incentive mechanism.
BEIJING, Nov. 3 (Xinhua) -- The Consumer Price Index (CPI), the main gauge of inflation in China, is likely to rise 4.1 percent in October after accelerating to a 23-month high of 3.6 percent in September, the Bank of Communications forecast on Wednesday.The bank, China's fifth largest lender, said in a report that the index would see moderate dips in the coming two months amid decreasing demand due to the slowing economy.But oversupply of liquidity at home, surging food prices, rising labor costs, and pressures caused by imported inflation would mean very limited room for the index to drop, the report said.The report predicts China's CPI would rise 3.1 percent for the entire year of 2010, topping the government's target to keep the inflation rate under 3 percent.It also forecast food prices would rise further during the first half of 2011.Food prices, which account for one-third of weighting in calculating the CPI in China, climbed 8 percent in September, pushing the CPI to the highest level in nearly two years. Food prices had risen 7.5 percent in August, 6.8 percent in July, and 5.7 percent in June.
BEIJING, Sept. 10 (Xinhua) -- China has decided to postpone a negotiation with Japan on the East China Sea issue as part of its response to the seizure of a Chinese fishing boat, said Foreign Ministry spokeswoman Jiang Yu Friday night.The postponed talks, the second governmental negotiations on the principle common understandings on the East China Sea issue, had been scheduled for mid September, according to Jiang.A Japanese court on Friday, despite Chinese protests, ruled a 10-day detention through Sept.19 against the captain of a Chinese trawler which collided with Japanese patrol ships off the Diaoyu Islands in the East China Sea on Tuesday.The Chinese trawler under detention stops at the harbor of Ishigaki, Okinawa, Japan, Sept. 9, 2010. Japan Coast Guard sent the captain of the Chinese trawler which collided with Japanese patrol ships in waters off Diaoyu Islands to prosecutors in Okinawa Prefecture Thursday morning."The Japanese side has ignored China's repeated solemn representations and firm opposition, and obstinately decided to put the Chinese captain under the so-called judiciary procedures. China expresses strong discontent and grave protest," Jiang said."The Diaoyu islands and its adjacent islets have been Chinese territory since ancient times. Japan's acts have violated the law of nations and basic international common sense, and are ridiculous, illegal and invalid," Jiang said."Japan will reap as it has sown, if it continues to act recklessly," Jiang warned.Chinese Foreign Minister Yang Jiechi on Friday summoned Japanese Ambassador to China Uichiro Niwa, saying China's determination to defend its sovereignty over the Diaoyu Islands and the interests of the Chinese people was unswerving.Yang said China demanded Japan immediately and unconditionally release the boat and all the crew, including the captain.On Tuesday, two Japan Coast Guard patrol ships and the Chinese fishing boat collided in waters off the Diaoyu Islands.No injuries were reported, but the fishing boat was then intercepted by the Japanese patrol.
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