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ROME, Sept. 5 (Xinhua) -- China and Italy are working on a plan to expand their bilateral economic cooperation as the 40th anniversary of the establishment of the China-Italy diplomatic ties is just round the corner, said Chinese Ambassador to Italy Ding Wei on Saturday.The Chinese government is happy to see an enhanced and deepened economic ties between the two countries, said Ding while meeting with Adriano Luci, chairman of the industry association in Italy's northeastern city of Udine.He said Udine enjoyed a well-developed industrial capacity and saw ever-closer ties among Chinese and Italian firms.Ding hoped the association could encourage its member companies to champion the cooperation between Chinese enterprises and their Italian counterparts so as to materialize common development.Luci briefed Ding on Udine's industrial development, its companies' investment in China as well as their participation in the on-going Shanghai World Expo.He said he is willing to see the Italian and Chinese companies having more exchanges and further expanded areas of cooperation.According to Invitalia, the Italian official agency for promoting overseas investment and enterprise development, investment from Chinese companies in Italy has surged since 2000 and mainly goes to three main sectors, namely the automotive industry, logistics and machinery.Bilateral trade volume between China and Italy in the first half of 2010 registered a 36.3 percent rise compared to that of the same period last year, reaching some 20 million U.S. dollars.

BEIJING, Sept. 29 (Xinhua) -- A reception was held at the Great Hall of the People in Beijing Wednesday night to mark the 61st anniversary of the founding of New China, which falls on Oct. 1.Jia Qinglin, Xi Jinping and Li Keqiang, all members of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, joined 3,500 guests, including representatives of overseas Chinese and compatriots from Hong Kong, Macao and Taiwan, at the reception.Addressing the reception, Jia, who is also chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), said the country had gained great achievements over the past 61 years and overseas Chinese, along with the compatriots from Hong Kong, Macao and Taiwan, have made remarkable contributions to the prosperity of the motherland.Jia Qinglin, chairman of the National Committee of the Chinese People's Political Consultative Conference, addresses a reception in Beijing, capital of China, Sept. 29, 2010, to mark the 61st anniversary of the founding of New China, which falls on Oct. 1. Jia Qinglin, Xi Jinping and Li Keqiang, all members of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, joined 3,500 guests, including representatives of overseas Chinese and compatriots from Hong Kong, Macao and Taiwan, at the reception.He pledged that the central government would firmly stick to its basic policies in Hong Kong and Macao to maintain the long-term development and stability of the two special administrative regions.The cross-Strait ties between the Chinese mainland and Taiwan were enhanced with a series of new and important achievements over the past year. The mainland would adhere to the peaceful development of cross-Strait relations and continue to promote mutual political trust, exchanges, common sentiments and Chinese culture among compatriots on both sides of the Strait, Jia said.The Chinese government would continue to protect the legitimate rights and interests of overseas Chinese through legal means, Jia said.

AMMAN, Oct. 12 (Xinhua) -- Chinese Middle East envoy Wu Sike on Tuesday discussed regional peace with Jordanian Foreign Minister Nasser Judeh in Amman, stressing the importance of collective efforts of all concerned parties.Wu said China is concerned about the direct Palestinian-Israeli talks which are suspended now, adding China hopes that all parties could proceed from long-term interests and work together to help direct talks to resume and to achieve positive results as soon as possible.He also urged Israel to respond actively to the settlement issue to create the atmosphere for the resumption of direct talks.Judeh highlighted Beijing's role in the Middle East peace process and expressed Jordan's willingness to strengthen cooperation between the two countries to save the peace process.Jordan is the first stop of Wu's Middle East trip, which also includes the Palestinian territories, Israel, Turkey and Egypt.

BEIJING, Oct. 23 (Xinhua) -- China's Ministry of Finance (MOF) announced Friday it would sell 28 billion yuan (4.2 billion U.S. dollars) of book-entry discount treasury bonds from next Monday.The bonds would be sold at a discount and mature at face value, said the ministry in a statement on its website.With a term of 91 days, the issue price of the discount bonds would be 99.542 yuan, said the statement.The bonds will be sold from Oct. 25 to 27 and become tradable on inter-bank and securities bond markets on Oct. 29.The issue is the 14th batch of its kind this year.

BEIJING, Oct. 11 (Xinhua) -- China on Monday vowed to continue its financial support to reconstruction projects in areas ravaged by the major Wenchuan earthquake in 2008, promising lower rates on loans and demanding an easier deposit reserve requirement ratio from banks in the regions.The new pledge came in a joint statement on the website of the People's Bank of China, or the central bank, which announced the continued financial support along with the China Banking Regulatory Commission, the China Securities Regulatory Commission and the China Insurance Regulatory Commission.Banks in the quake-hit areas should continue to provide financial support and services to reconstruction projects in the regions, as post-earthquake reconstruction is still in a critical period, the statement said.The magnitude-8.0 quake, with its epicenter in Wenchuan in southwest China's Sichuan Province, left more than 87,000 people dead or missing and more than 374,640 injured. Millions of houses were also flattened during the major quake."We should keep the continuity and stability of our financial support to the regions and make our financial services better targeted and more effective," it said.According to the statement, local banks in the quake-hit areas will continue to enjoy a lower deposit reserve requirement ratio, compared with elsewhere, until June 30, 2011, and such banks will also be exempt from any hike of the reserve requirement ratio during this period.The statement ordered local bank branches in the quake-hit areas to provide prioritized financial services to projects in fields of infrastructure facilities, agriculture, medium and small enterprises, as well as ecological and environmental protection in the region.China's central bank and banking, securities and insurance regulators encourage eligible companies in the quake-hit regions to widen their finance channels through inter-bank short-term bond issuances, bills and other financial instruments, according to the statement.Also, local banks' preferential policies on loans to home reconstruction would remain unchanged in the quake-hit regions, it said.However, loans to projects with high consumption of energy and heavy pollution must be strictly controlled in a bid to facilitate energy-savings and reduce carbon dioxide emissions in the region, according to the statement.Chinese lenders had extended 172.4 billion yuan (25.35 billion U.S. dollars) loans for relief and reconstruction in regions devastated in the earthquake by the end of the first quarter, according to the central bank's figures released in May this year.Outstanding loans at banks in quake-hit provinces, including Sichuan, Shaanxi and Gansu, surged 34 percent year on year to 2.29 trillion yuan at the end of March.