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BEIJING, May 7 (Xinhua) -- Li Changchun, a leader of the Communist Party of China (CPC), watched Friday evening an opera of the Democratic People's Republic of Korea (DPRK) which was adapted from the Chinese classic A Dream of Red Mansions.The DPRK Phibada Opera Troupe staged in Beijing the adaptation of the masterpiece by Cao Xueqin, a novelist in the 18th century. The opera is scheduled to premiere in Beijing from Thursday to Sunday before starting a tour in other cities of China.Li, member of the Political Bureau Standing Committee of the CPC Central Committee, praised the brilliant performance of the DPRK artists, saying the opera show will contribute to friendship between the two countries.   Li Changchun (3rd R front), member of the Political Bureau Standing Committee of the Communist Party of China (CPC) Central Committee, watches an opera of the Democratic People's Republic of Korea (DPRK) which was adapted from the Chinese classic A Dream of Red Mansions in Beijing, May 7, 2010Under the instruction of late DPRK leader Kim Il Sung, the DPRK artists adapted the Chinese story in the 1960s. DPRK top leader Kim Jong Il instructed that the opera be further improved and put on stage as a major event for the China-DPRK Friendship Year in 2009.The DPRK opera's debut in China coincides with Kim Jong Il's unofficial visit to the China from May 3 to 7.

YUSHU, Qinghai, April 23 (Xinhua) -- A Chinese official Thursday said there had been no looting of quake relief materials in northwestern province of Qinghai and the aid had been distributed to victims in a fair and transparent way.Geng Yang, director of the Qinghai Provincial Department of Civil Affairs, said sparse looting did happen in the early period of the distribution of the relief materials."But this has been promptly stopped by government," Geng said in response to some media reports which also said some individuals in the Tibetan Autonomous Prefecture of Yushu, hit by a 7.1-magnitude quake on April 14, stockpiled and sold the materials at high prices.  Rescuers search for possible survivors and useful articles of local people in Gyegu Town of quake-hit Tibetan Autonomous Prefecture of Yushu, northwest China's Qinghai Province, April 22, 2010.Geng said their own investigations did not discover the alleged misconduct.

BEIJING, March 31 (Xinhua)-- China and the United States held the first high-level dialogue between their main political parties in Beijing Wednesday.Senior Chinese officials and representatives of a delegation of the U.S. Democratic and Republican parties took part.Addressing the dialogue, Wang Jiarui, head of the International Department of the Communist Party of China (CPC) Central Committee, said the political parties and statesmen of China and the United States should transcend differences of ideology, social systems and cultural traditions and abandon prejudice, so as to continuously strengthen strategic mutual trust and promote the healthy, stable, and long-term development of bilateral ties.To build a positive, cooperative and comprehensive China-U.S. relationship for the 21st century, it was important for both sides to deal with bilateral ties from a strategic and long-term perspective, respect each other's roads of development, take each other's core interests and major concerns into consideration and avoid repeated disturbances and harm to cooperation, said Wang.Wang also introduced China's party system, the CPC's governance theory and expounded China's position on China-U.S. relations and related international affairs.

LOS ANGELES, April 2 (Xinhua) -- Some U.S. experts on China suggested that the United States and China have different perceptions towards each other, but cooperation on critical global issues is essential and will necessarily involve sacrifices at home.Clayton Dube, Associate Director of U.S. China Institute at the University of Southern California, told Xinhua in a recent interview that domestic political concerns drive leaders in both countries, and neither side wants to be perceived by their fellow citizens as not standing up for core interests of their own countries.However, he said, what is vital is for leaders on both sides to convince their fellow citizens that cooperation on critical global issues is essential. Although it will involve sacrifices at home, ultimately those sacrifices will be rewarded to progress in addressing climate change, furthering economic growth and constraining the proliferation of nuclear weapons."Strong leaders know that they must sometimes yield on important measures in order to attain even more crucial aims. That must happen now and it must happen on both sides," stressed Dube."Leaders must always be sensitive to domestic pressures, but they also have a responsibility to look forward and to take action that will yield a better tomorrow, even if there are political costs today," said Dube.Stanley Rosen, Director of the East Asian Studies Center at the University of Southern California, told Xinhua that the political system, the role of media, ideology, political culture and political history between the two countries are very different, therefore it is easy for the two countries to misunderstand each other.However, in Rosen's opinion, both sides do not want the situation to get out of control."It is a two level game," he said, explaining that the U.S. leaders will deal with China, and Chinese leaders will deal with the U.S., then the U.S. leaders will deal with the U.S. and Chinese leaders will deal with China.He said the Obama Administration will have to worry about the U. S. Congress, and public opinion. His leadership has been weakened by the health care debate and he is worried about the mid-term election."There is much pressure on him to be tough on China," said Rosen.On the Chinese side, Rosen said Chinese leaders also face great pressure to be tough on the U.S. from the military, the National People's Congress, etc. "It is a nature of politics," Rosen said.From the U.S. side, Rosen said the message is Obama tries to be flexible in foreign affairs, but the flexibility has been perceived as weak towards China."His flexibility is not awarded, so he has to show his toughness towards China. The American and Chinese perceptions are different," said Rosen.For example, he said, the U.S. is tough on the currency issue and has put pressure on the Chinese side to reevaluate its currency. However, even in the U.S. there is a debate on whether the evaluation of RMB will help U.S. exports or to which degree the change of value of the Chinese currency will help increase jobs in the U.S..Rosen said the U.S. tends to be governed by elections. In his opinion, before the November election, the U.S. is unlikely to make concessions on issues on currency and others.He said what the U.S. can do is very limited right now, but he does not expect that the U.S. will take major actions to further deteriorate the U.S.-China relations. In his opinion, the Obama Administration and Democrats need to show their toughness towards China to woo voters before the mid-term election.He said most U.S. Congressional members are politicians but not statesmen. What they care about is to get re-elected every two years. Therefore, whether a small business will be closed and several dozens of employees will lose their jobs in their district is certainly a big concern for them, while whether what they have done will impact U.S.-China relations is not what they are caring about.Ben Tang, Director of Asian Studies at the Claremont Institute, told Xinhua that nationalism in both countries is on the increase and China has felt the pressure. However, he said the importance for the U.S. and China to cooperate should be carefully taken into consideration while making big decisions.Tang said that there is a trend of trade protectionism in the U. S. and some Americans attempt to let the world share the burden of its economic recession, that will set a very bad example in the world.But in Tang's opinion, the increasing trade protectionism and voices to be tough on China in the U.S. are partly fueled by the mid-term election to be held in November this year. He said such a situation won't last long. It will gradually die down after the election.

BEIJING, April 12 -- As the country begins to phase out obsolete production methods in an economic restructuring drive, industries with overcapacity are likely to face even tougher financing terms this year.In response to the government call to curb excessive capacity, the banking regulator earlier this year asked lenders to maintain strict controls on loans flowing into industries including steel, cement, plate glass, shipbuilding, electrolytic aluminum, the chemical processing of coal and polysilicon.Liu Mingkang, chairman of the China Banking Regulatory Commission, said that commercial lenders should readjust their credit structures to support the country's industrial upgrading and restructuring drive."Loans to industries with overcapacity were growing at a significantly lower pace last year compared with that of the overall credit expansion," he said. Given that the country was considering an exit from the loose monetary policy implemented to counter the financial crisis last year, analysts said credit avenues for industries listed on the government "blacklist" were set to be limited. The Chinese government is targeted to give out 7.5 trillion yuan in new loans this year, lower than the record 9.59 trillion yuan lent in 2009.Indeed, industries with excessive capacity have not benefited from the lending binge last year, as commercial lenders' loans to such industries continued to drop. China Construction Bank (CCB), the nation's second largest lender, said its loans to industries with overcapacity accounted for 12.8 percent of the bank's total outstanding loans as of the end of last year, down from 15.7 percent a year earlier."We've decided to gradually exit from lending to industries with excessive capacity, and will only support leading enterprises in these industries and projects approved by the government," said CCB Vice-President Chen Zuofu.Bank of China, the most aggressive in pushing out credit among Chinese lenders last year, said outstanding loans for overcapacity industries declined to 219 billion yuan as of the end of last year, and account for 7 percent of the bank's total corporate loans.