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BEIJING, June 30 (Xinhua) -- Chinese Vice President Xi Jinping on Tuesday called for members of the Communist Party of China (CPC) to continue to work toward the benefit of the people they serve. Xi, also member of the Standing Committee of the CPC Central Committee Political Bureau, made the remarks in a meeting with outstanding representatives of CPC members here on Tuesday, one day ahead of the CPC's 88th birthday. He urged CPC members to serve the people heart and soul, consider their public when making decisions and embrace law and justice in their work. CPC members should keep close contact with their public, serving them and creating benefits for them, he said. Chinese Vice President Xi Jinping (C), also member of the Standing Committee of the Communist Party of China (CPC) Central Committee Political Bureau, speaks in a meeting with outstanding representatives of CPC members in Beijing, China, June 30, 2009, one day ahead of the CPC's 88th birthday. He Guoqiang, member of the Standing Committee of the CPC Central Committee Political Bureau, also attended the meeting All CPC members should constantly upgrade their ability to work for the Party and the people through diligent study and face challenges head on to help shoulder party responsibilities, he added. CPC members are also required to maintain positive moral images. He Guoqiang, member of the Standing Committee of the CPC Central Committee Political Bureau, also attended the meeting.
YEKATERINBURG, Russia, June 15 (Xinhua) -- President Hu Jintao on Monday expressed China's readiness to work with Uzbekistan to push forward their relations of friendship, cooperation and partnership. At a meeting with Uzbek President Islam Karimov here, the Chinese president said relations between China and Uzbekistan have witnessed healthy and stable growth since the two countries established friendly and partnership relations in 2005. The two countries have maintained frequent high-level exchanges, deepened their political mutual trust and expanded cooperation in such fields as trade, economy, energy, security and culture, he said. Chinese President Hu Jintao (R) meets with Uzbekistan's President Islam Karimov in Yekaterinburg, Russia, June 15, 2009. They have supported each other on major issues of respective concerns, conducted robust cooperation in the United Nations, the Shanghai Cooperation Organization and other multilateral organizations, and contributed to promoting peace and stability in the region and the world at large, Hu said. He said China highly values its relations with Uzbekistan and stands ready to implement the existing agreements and consensus between the two countries so as to strengthen their relations of friendship, cooperation and partnership. Hu proposed that the two countries give full play to the intergovernmental economic and trade cooperation committee, boost cooperation in trade, economy, transport, energy, telecommunications, light industry and agriculture, and maintain the momentum for the growth of two-way trade to promote social and economic development of both countries. Hu said the global financial crisis is still spreading, posing grave difficulties and challenges for China's economic development. In order to tackle the crisis and maintain steady and relatively fast growth of the economy, China has timely adjusted its macroeconomic policies and adopted a package of measures to further expand domestic demand and boost economic growth, Hu said. These measures are being implemented and have started to take effect, he said. China is confident of overcoming the difficulties, achieving the steady and relatively rapid growth of its economy and contributing to the recovery and healthy, stable development of the global economy, Hu said. China stands ready to strengthen exchanges and cooperation with Uzbekistan in the financial sector, jointly guard against global financial risks and promote the healthy and stable economic and financial development of both countries, he said. Karimov, for his part, said Uzbekistan appreciates its relationship with China, which features friendship, mutual trust and cooperation. Uzbekistan appreciates China's continued supply of aid over a long period of time, especially the sincere help and support provided by China at times of hardship for Uzbekistan, he said. Amid the current global financial crisis, Uzbekistan is ready to strengthen cooperation with China in such sectors as the economy, trade, energy and natural resources to jointly tackle the financial crisis. Uzbekistan is willing to strengthen cooperation with China within the framework of the Shanghai Cooperation Organization (SCO) and enhance coordination in international affairs, Karimov said. Uzbekistan firmly supports China on the issue of Taiwan and issues related to Tibet, he said. The Chinese president arrived in Russia's Ural mountain city of Yekaterinburg on Sunday for the annual SCO summit, which will discuss how to tackle the international financial crisis and expand cooperation in the political, economic and security fields, and in other areas, among member states. Founded in 2001, the SCO consists of China, Russia, Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan. Mongolia, India, Pakistan and Iran are observers of the organization. Chinese President Hu Jintao (2nd R) meets with Uzbekistan's President Islam Karimov (2nd L) in Yekaterinburg, Russia, June 15, 2009.
BEIJING, July 5 (Xinhua) -- The Bank of China (BOC), China's largest foreign exchange bank, will transact the first cross-border yuan trade settlement deal Monday, a source with the bank said Sunday night. The BOC Shanghai branch would receive the first cross-border yuan trade settlement deal from the BOC (Hong Kong) Monday, the unidentified source said. The payee would be Shanghai Electric International Economic and Trading Co., Ltd. under Shanghai Electric Group Co., Ltd. and the remitter would be the company's business partner in Hong Kong. China last week issued detailed measures to regulate the pilot program for cross-border trade settled in yuan. The rules specified how to make transactions using Renminbi (RMB) to settle trade with Hong Kong and Macao and regional trade partners. "The service has drawn much attention and many overseas enterprises had been asking us about it months ago. Why? Because cross-border yuan trade settlement could help enterprises avoid exchange rates risks, lock up financial costs and reckon enterprise anticipated profits," the source said. "In comparison to convertible currency settlement, it could streamline links and reduce trade cost. It could help enterprises without foreign exchange revenues cut losses from converting foreign exchanges. It could reduce derivative fees in selecting RMB financial products," said the source. The BOC Shanghai branch has reached tentative agreements with 11 overseas agent banks on yuan trade settlement deals. Now the agent banks in tentative agreements with the BOC mostly are large banks in Asia and they anticipate remarkable demand on yuan settlement, according to the sources. "We are in talks with banks in the United States and Europe and get very positive feedbacks. Despite some obstacles in cross-border yuan settlement, the trend is good," the source said.
RAMALLAH, June 23, (Xinhua) -- With more than 30 years of involvement in the work related to the Middle East issue, China's new special envoy to the Middle East Wu Sike said on Tuesday that he'll employ his personal experience on the region to help fulfill his mission. Wu arrived in the West Bank city of Ramallah on Tuesday, starting the second leg of his first regional tour as China's new special envoy. Upon his arrival, Wu told Xinhua that Chinese and Palestinian peoples have a traditional friendship, China has been long supporting the righteous Palestinian cause, with the positive sign emerged recently on the peace issue, China, along with the international community, is concerning on how to revive the peace process and push forward the process toward a final solution. With this concern, Wu said the aim of his trip is to know the attitude and response of all sides involved in the peace process on the newly emerged situation, lay out China's stance on the issue, and exert efforts to boost the process with all sides in coordination. Touching upon the issue of the internal Palestinian dispute between factions, mainly the rival Fatah and Hamas, Wu said Palestinian unity is crucial to solve the Middle East issue. "Hamas is a major Palestinian faction, which enjoys strong public support," said the envoy, adding that, "it'll be important if Hamas can take an positive attitude toward the peace process and involved in it." Wu said China is willing to see the success of the internal Palestinian dialogue, and is ready to make efforts on helping Palestinians to achieve national unity. Wu, former Chinese ambassador to Egypt, was appointed as the special envoy in March this year to replace Sun Bigan. He has been director of the Department of West Asian and North African Affairs of the Foreign Ministry, ambassador to Saudi Arabia and Egypt, and also the first Chinese plenipotentiary to the Arab League. Citing his three-decade long diplomatic experiences in the region, Wu said that he witnessed both the disasters and losses caused by conflicts and the development, stability and opportunities brought by peace tracks between countries in the region. "The contrast between the two tracks makes me convinced that military confront could not bring about the resolution of the Middle East issue, and the only way out is through peace negotiations," said the envoy. Bearing the belief, the envoy said he will discuss both his personal experience and China's stance on the Middle East issue with all sides during his mediation, and actively involve in the peace process to fulfill his mission.
ZHENGZHOU, June 20 (Xinhua) -- Chinese Vice Premier Li Keqiang has urged economic restructuring to tap the growth potential as the nation copes with the impact of the global downturn. Li made the call during a four-day tour ending Saturday in central China's Henan Province. He said that with the concerted efforts nationwide, China's economy was turning for the better. He nevertheless warned of difficulties ahead citing the complicated world economy and called for confidence and more coping efforts. Visiting local companies, Li urged the remolding and upgrading of traditional industries and the development of new sectors including new energy, environmental protection, new and high-tech and modern services. Li's trip also highlighted the importance of agriculture and encouraged renovation and the development of modern agriculture. Chinese Vice Premier Li Keqiang (R), who is also a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, talks to local residents of Mazhuang village, Qiaobei town, Yuanyang county, central China's Henan Province, June 19, 2009. Li Keqiang made a four-day tour in Henan Province that ended Saturday.