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BEIJING, April 6 (Xinhua) -- China will introduce resource tax at a "proper" time to promote energy saving and environmental protection, the Ministry of Finance said Tuesday in a statement on its Website.The statement provide little details about the move which is part of the ministry's tasks for 2010 listed in the lengthy statement.The government would stick to the proactive fiscal policy this year, the statement said, adding the ministry would expand investment in agriculture, education, science, medical care, social security, affordable housing, energy conservation and emission reduction.The ministry said it would improve the property tax system, without details. It would also step up efforts to revamp income distribution, aiming at narrowing the yawning wealth gap.

BEIJING, April 28 (Xinhua) -- Chinese President Hu Jintao said Wednesday China-France ties have "opened a new page" as French President Nicolas Sarkozy pays his second state visit to China.At a joint press conference with Sarkozy in Beijing, Hu told reporters he had accepted Sarkozy's invitation to visit France "at a time convenient for both sides."Hu and Sarkozy held about 50 minutes of private talks before starting their formal, large-scope talks which Hu described as "candid, friendly and productive" and reaching "many important agreements."Sarkozy arrived in Xi’an, capital of northwest China's Shaanxi Province, Wednesday morning to begin his three-day state visit. Chinese President Hu Jintao (R) shakes hands with French President Nicolas Sarkozy during a welcome ceremony at the Great Hall of the People in Beijing, capital of China, April 28, 2010. It is Sarkozy's fourth trip to China and his second state visit as French president. He paid his first state visit to China six months after taking office in May 2007. He attended the opening ceremony of the Beijing Olympic Games and took part in the 7th Asia-Europe Meeting held in Beijing in 2008.FOUR-POINT PROPOSAL FOR BILATERAL TIESTo further upgrade the China-French comprehensive strategic partnership, Hu made a four-point proposal at his talks with Sarkozy. Hu said China hopes to work with France to maintain high-level exchanges and dialogue and consultations on major issues of common concern.Hu also suggested both sides boost pragmatic cooperation. He said in addition to cooperation in traditional fields, the two sides should actively promote cooperation in energy saving, environmental protection, new energy, agriculture and farm produce processing, and among small and medium size businesses to seek long-term, stable and reciprocal common development.The two countries should strengthen cultural exchanges, facilitate language education, two-way travel, and dialogue between each other's media and think tanks, Hu added.He said China and France are expected to together meet local and global challenges to achieve a peaceful and stable international environment, citing reform of the international financial system, improving the global economic governance structure and coping with climate change.Hu told the press conference he and Sarkozy agreed to keep in close consultation on global issues and to conduct active cooperation to solve international and regional disputes by peaceful means.He said the Chinese side sets a high value on the role the EU play in international affairs and appreciates the constructive stance taken by the French side in promoting China-EU relations.When meeting the press, Hu noted France is the initiator of the reform of the global economic governance mechanism.Hu added China supports France's holding of next year's G20 summit.France will hold the presidency of the G20 summit this November and host the 2011 summit.Sarkozy said France is willing to work closely with China to ensure a successful summit.He said that China is a very important strategic partner of France and they both need to cooperate closely on major global issues such as pushing economic growth, and maintaining world peace.He said there is only one China in the world and that Taiwan and Tibet are both part of China. This is the policy France has been adhering to since the France-China diplomatic ties were established in 1964. There is no change in the policy.He said France is willing to work with China to further beef up cooperation and exchanges in fields including peaceful use of nuclear energy, aviation, transport, environmental protection, finance, agriculture and culture.After talks with Sarkozy, Hu said he will visit France at the invitation of Sarkozy.As a guest of Hu, Sarkozy is paying a state visit to China from April 28 to 30. He kicked off the visit in Xi'an, capital of northwest China's Shaanxi Province. He will attend the opening ceremony of the Shanghai World Expo on April 30.

BEIJING, May 29 -- The Asian Development Bank (ADB) has called on Asian economies to strengthen their infrastructure investment through an effective financing framework to achieve higher and more sustainable growth.To that end, the bank said that as much as 0 billion would have to be invested annually in infrastructure across the region from 2010 to 2020. This means that around .25 trillion would be invested in that period in national and cross-regional infrastructure projects."In view of Asia's enormous untapped economic potential and the global financial crisis, now is the time to build efficient and seamless connections across Asia and with the rest of the world for a more competitive, prosperous and integrated region," said Masahiro Kawai, dean and CEO of the ADB Institute.A man working at the construction site of a railway line in Hainan province. The required infrastructure investment in the next 10 years is expected to produce income gains of about trillion across Asia.To meet the financing needs, the region could build an effective framework to mobilize its vast domestic savings as the main source, while encouraging private financing and participation involving public-private partnerships through "bankable" projects, said Kawai.He also suggested the strengthening of national and regional local currency bond markets, notably through the Chiang Mai Initiative, the Association of Southeast Asian Nations + 3 bond market initiative, and the Asian Bond Fund.

Taipei, April 25 (Xinhua) -- Signing the cross-Strait economic and trade pact, ECFA, will benefit Taiwan, Taiwan leader Ma Ying-jeou said here Sunday in a television debate.Ma debated with the Democratic Progressive Party (DPP) Chairwoman Tsai Ing-wen during a two-hour televised debate over the economic cooperation framework agreement (ECFA), a free trade agreement the Taiwan authority intends to sign with the Chinese mainland.Taiwan urgently needs a trade pact with China to usher in a golden decade of economic boom, Ma said, accusing DPP of exaggerating the adverse effects of ECFA and manipulating public fear.Lee Tung-Hao, a professor with the National Chengchi University, said there are different voices over ECFA because of public misunderstanding of the pact, but the debate will help build consensus.The ECFA, a priority in cross-Strait relations, is aimed at institutionalizing economic cooperation between the mainland and Taiwan and facilitating and regularizing economic and trade exchanges.

TIANJIN, May 13 (Xinhua) -- Chinese Premier Wen Jiabao Thursday called for deeper cooperation between China and Arab states to create a peaceful international environment for development, fight the financial crisis, safeguard energy security and tackle climate change.Wen made the remarks at the opening ceremony of the fourth Ministerial Meeting of the China-Arab Cooperation Forum held in the north Chinese port city of Tianjin.During the two-day forum, the two sides will discuss upgrading their relationship to a strategic level and release an action plan for a cooperation blueprint in the next two years.COMPLICATIONS OF FINANCIAL CRISIS Chinese Premier Wen Jiabao addresses the opening ceremony of the fourth Ministerial Conference of the China-Arab Cooperation Forum in China's northern port city of Tianjin, on May 13, 2010. Wen warned the complication of the global financial crisis with deepening sovereign debt crisis in some nations."We should never underestimate the seriousness and complication of the financial crisis and its deep impact on international politics and the economy," Wen said.The global economy was slowly recovering, but its foundation was not solid, he said.Wen blamed the fragile recovery on deepening sovereign debt crises in some countries, high unemployment rates in major economies, high commodities prices and rising trade protectionism.The international governing system faced deep reforms and the global economic structure was undergoing deep transformation, he said.Wen said reforms of international economic and financial systems should be pushed forward and the establishment of a new just and reasonable international economic and financial order should be accelerated."(We) should improve the decision-making processes and mechanisms at international financial institutions and boost cooperation in international financial supervision," he said.While calling for opposition to all forms of protectionism, support for free trade, Wen said, "It is imperative to advance the Doha Round talks of the World Trade Organization toward achieving reasonable and balanced results as soon as possible."He urged major economies to transform the economic growth pattern of low savings and high consumption and to strengthen financial supervision to curb excessive speculation.China would unswervingly carry out its mutually beneficial opening strategy and unveil more measures to facilitate trade and investment, he said.COOPERATION IN ENERGY, CLIMATEWen said energy exporters and importers should step up dialogue and contacts and carry out cooperation in energy development.Investment in the energy sector should be encouraged to maintain a basic balance in energy supply and demand and reasonable global energy prices, he said.The international community should work to maintain stability in energy producing countries and curb excessive speculation to maintain order in the international energy markets, he said.Talking about economic and trade with the Arab states, Wen said China was ready to stabilize trade in oil and natural gas with the 22 Arab League nations, while expanding imports of non-oil products.He said, "China at the same time will increase exports of high value-added machinery and electronic products and high-tech products to the Arab countries."Trade between China and Arab states surged to 107.4 billion U.S. dollars last year from 36.4 billion U.S. dollars in 2004.China would continue to encourage businesses to invest in Arab states and welcome investment from Arab states, he said.China was ready to promote cooperation in infrastructure, including power, railways and roads, and to deepen cooperation in oil and gas projects, he said.Efforts should be made to vigorously develop energy-saving technologies and clean and renewable energies to help tackle global climate change.China would reduce emissions of carbon dioxide per unit of gross domestic product by 40 to 45 percent from 2005 levels by 2020.Wen said China and Arab states should increase exchanges by senior officials and consultations on strategic issues, and boost coordination in major international and regional affairs.Wen urged developed countries to shoulder the main responsibility in helping developing nations to maintain financial stability and economic growth to reduce the imbalance of development, the fundamental imbalance of the world economy.China would as always provide aid without conditions to developing countries, he said.China and Arab countries have relations dating back to the Silk Road about 2,000 years ago. China has diplomatic ties with all 22 members of the Arab League.The forum was initiated in January 2004, when Chinese President Hu Jintao visited the Arab League headquarters in Cairo. It has since served as a platform for exchanging views between China and Arab nations and for enhancing mutually beneficial cooperation.