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BEIJING, Aug.6 (Xinhua)-- China's Ministry of Finance announced Friday it will float a batch of 273-day book-entry treasury bonds worth 10 billion yuan (1.48 billion U.S. dollars) next week.A statement on the ministry's website said the bonds will be sold at 98.62 yuan per bill, with an annual yield of 1.88 percent.The bill will be sold to the public from Aug. 9 to 11, and become tradable in the exchange markets since Aug. 13, according to the statement.The interest is to be calculated on August 9.This is the 10th batch of its kind launched by the ministry this year.

BEIJING, Aug. 3 (Xinhua) -- China kicked off a five-day military exercise in two provinces on Tuesday in which 12,000 military personnel and seven types of military aircraft are taking part.The military exercise, code-named "Vanguard-2010", was carried out simultaneously in seven cities across the provinces of Henan and Shandong at 8:21 a.m. Tuesday and featured simulated emergency evacuations and planning for combat.The drill, consisting of two phases from Tuesday to Saturday, will feature emergency evacuations, war planning, reconnaissance, early warning activities, ground-to-air attacks and evacuations of command posts during its first phase ending Thursday.Its second phase consists of testing Chinese air defense troops' ability in fighting air units in a "complicated electromagnetic environment."At 8:21 a.m. on Tuesday, air defense forces from the People's Liberation Army (PLA) and paramilitary forces in the seven cities including Qingdao, Jinan, Zhengzhou and Kaifeng began evacuation plans and successfully moved to designated areas, screens at the drill's commanding headquarter showed.By about 10:10, an air defense brigade from the PLA Jinan Military Command led by its commander, Zhao Geng, had already traveled 100 km and begun to formulate war plans.

BEIJING, July 10 (Xinhua) -- Vice Premier Wang Qishan said here Saturday the Chinese government would continue the reform and opening-up drive to create a favorable environment for foreign businesses.Wang made the promise when meeting with a delegation of Japan' s Association for the Promotion of International Trade (JAPIT) led by its chairman Yohei Kono, who is also former speaker of the Japanese House of Representatives.Wang spoke highly of the JAPIT' s contribution to promoting the Sino-Japanese friendship and the bilateral economic cooperation.He said Sino-Japanese economies were highly complementary, and China and Japan should increase cooperation in energy conservation, environmental protection, electronic and manufacturing sectors to promote their strategic and mutually beneficial relations.Kono spoke highly of the Chinese government' s efforts to cope with the international financial crisis, saying that the Japanese business community was willing to strengthen cooperation with China in economy, trade and investment.The JAPIT delegation is visiting China at the invitation of the Chinese Council for Promoting International Trade.

XI'AN, July 17 (Xinhua) -- It is untrue to say that the investment environment in China is worsening, said Chinese Premier Wen Jiabao Saturday as he invited more foreign companies to invest in the country.China sticks to its opening-up policy, Wen added.In talks with heads of prestigious German and Chinese firms in northwest China's Xi'an city, Wen and visiting German Chancellor Angela Merkel aim to boost cooperation between the two nations."Currently, there is an allegation that China's investment environment is worsening. I think it is untrue," said Wen when answering a question from Juergen Hambrecht, chief executive of German chemical company BASF.Foreign firms have voiced concern China's indigenous innovation policy might provide incentives for government bodies to purchase products developed by Chinese companies.The World Bank in a July report gave China a low investment environment ranking.But the amount of foreign direct investment (FDI) that flowed into China in the first half of the year rose 19.6 percent year on year, according to data from the Ministry of Commerce (MOC).China attracted 12.51 billion U.S. dollars in FDI in June alone, up 39.6 percent year on year.Wen said, "Foreign investment will not pour into a country where the investment environment is worsening."Wen said China has relatively good infrastructure as well as fair and stable market environment.

BERN, SWITZERLAND, July 17 (Xinhua) -- Parliamentary leaders of China and Switzerland on Saturday exchanged views on bilateral ties, parliamentary exchanges and mutual concerns and agreed on closer exchanges between legislative bodies of the two nations for better Sino-Swiss ties.Wu Bangguo, chairman of the Standing Committee of China's National People's Congress (NPC), expressed satisfaction over the significant progress in Sino-Swiss relationship during the recent years at a meeting with Pascale Bruderer, president of the National Council of Swiss Federal Assembly, and Erika Forster- Vannini, president of the Council of States of Swiss Federal Assembly.The development of Sino-Swiss relationship has brought substantial interests to both people and China looks forward to working together with Switzerland to further develop the comprehensive friendship and mutual-beneficial cooperation, Wu said. Switzerland is China's main trade partner in Europe and a major source of foreign investment and technology and China is Switzerland's second largest trade partner in Asia.Wu Bangguo (C), chairman of the Standing Committee of China's National People's Congress, the country's top legislature, meets with Pascale Bruderer (R), president of the National Council of the Swiss Federal Assembly, and Erika Forster-Vannini (L), president of the Council of States of the Swiss Federal Assembly, in Bern on July 17, 2010.Wu appealed that both sides should properly deal with sensitive issues between the two nations to maintain the momentum of the Sino-Swiss relationship. He suggested that China and Switzerland should take more actions to continuously deepen mutual political trust, expand economic cooperation and people-to-people exchanges.The friendly exchange and cooperation between legislative bodies of China and Switzerland will help promote an all-round development of the bilateral ties and are in interest of both people, Wu said.The NPC will work together with the National Council of Swiss Federal Assembly and the Council of States of Swiss Federal Assembly to conduct various exchanges between the two nations' legislative bodies, he added.Bruderer and Vannini said Wu's visit will further promote the Sino-Swiss ties and offer an opportunity for more exchanges between the two nations' legislative bodies. They agreed to conduct closer parliamentary exchanges with China.A further development of Swiss-Chinese ties is interest of Swiss government, legislative bodies and people. The legislative bodies of Swiss will positively push forward the substantial cooperation with China in all areas, they said.