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BRUSSELS, Oct. 5 (Xinhua) -- Premier Wen Jiabao reaffirmed Chinese positions and perspectives on issues such as strengthening global financial and economic regulation and promoting sustainable development at the eighth Asia-Europe Meeting (ASEM) held here on Monday and Tuesday.Wen said currently the world economy sees slow recovery but still faces great uncertainty.All countries should continue to prioritize consolidating the momentum of the economic recovery and maintain proper macroeconomic policies. They should also take prudent and sound approach to decide when and how fast they should apply the exit policy, Wen said.The ASEM members should enhance cooperation to strengthen global financial and economic regulation, tackle the root cause of the international financial and economic crisis and promote the vigorous, sustainable and balanced growth of the world economy.China will continue to support the European countries beset with the sovereign debt crisis and help them overcome the difficulties, the premier said.Wen said the Chinese government has always paid great attention to the global warming issue.Under the extremely difficult circumstances of the global financial crisis, the Chinese government is still working hard and this year China is expected to fulfill the basic target of reducing energy consumption per unit of gross domestic product, he said.China is willing to continue to provide support in its capacity for other developing countries on fighting global warming within the frameworks of South-South cooperation and bilateral cooperation, he said.Beijing will, as always, play a positive and constructive role to work together with other countries for comprehensive, balanced and binding results at a major conference on climate change scheduled for later this year in Cancun, Mexico, Wen said.The premier said currently global issues such as energy and food security, natural disaster, terrorism and piracy pose a serious threat to the economic development and social stability in Asia and Europe.Countries should join hands to tackle food security, a pressing task that needed to be solved as a top priority, Wen said.Therefore, Wen said, countries should make every effort to raise grain production, which was the key to solving food security, strengthen agricultural policy coordination, consistently improve agricultural products trade environment, actively push forward exchange and cooperation in agricultural science and technology, try hard to boost the capability in preventing and fighting natural disasters and enhance food assistance to developing countries that suffer from food shortage.
LONDON, Aug. 27 (Xinhua) -- Some western commentators' critical comments concerning China's burgeoning relationship with Africa are "largely misplaced," says a Financial Times editorial.Wednesday's editorial - "China's new scramble for Africa" - said Western-led development strategies, however well meaning, did not break the cycle of under-development in Africa. Chinese investments, made for sound business reasons and boosting employment and growth, offer new hope and an alternative way forward, the editorial said.The infrastructure that the Chinese are building will also have positive spin-off effects for industries outside of natural resources. Chinese traders have brought cheap consumer goods to Africa. And, as labor costs rise at home, Chinese manufacturers may look at Africa with new interest, as a base for production, the editorial said.To the Western countries that uphold the spirit of competition, there's no reason to complain about China's strengthening its relationship with Africa, the editorial said.One reason that African governments often love doing business with the Chinese is that they are much less likely to condition their investments on improvements in government, and the pragmatic attitude of the Chinese government should be appreciated, the editorial said.
BEIJING, Aug. 29 (Xinhua) -- China National Chemical Engineering Co., Ltd. (CNCEC), one of the country's leading engineering, procurement and construction firms, said its net profit for the first six months of 2010 grew by 58.61 percent.Net profits totaled 653 million yuan (96 million U.S. dollars) while earnings per share stood at 0.13 yuan, up 20.37 percent from one year earlier, the company said in a statement filed with the Shanghai Stock Exchange late Sunday.CNCEC said its revenues during the first half of this year were valued at 14.57 billion yuan, among which project construction contracts accounted for 13.03 billion yuan, up 15.97 percent from one year earlier.The Beijing-based company has also made progress in overseas markets where revenues increased by 63.53 percent to nearly three billion yuan, while domestic revenues grew by 8.54 percent to 11.5 billion yuan, according to the statement.CNCEC attributed its strong performance to collective material purchasing, improved outsourcing and investment management, continuously reduced project costs and an effective human resources incentive mechanism.
BEIJING, Sept. 12 (Xinhua) -- China expressed on Sunday its firm opposition to any kind of investigation by the Japanese side on the illegally detained Chinese trawler after the Japanese authorities towed the trawler for a mock collision.In a written statement, Foreign Ministry spokeswoman Jiang Yu said Japan's so-called evidence-taking activities were illegal, invalid and would finally go in vain.China demands the Japanese side to stop activities that would lead to escalation of the situation and release the Chinese fishermen and their ship immediately and unconditionally, Jiang said, stressing it was the only way to solve the problem.Early Sunday morning, the Chinese boat was towed to the sea near Ishigaki island in Okinawa Prefecture to recapture the situation when it collided with two patrol ships of Japanese Coast Guard off Diaoyu Islands in the East China Sea on Tuesday.The Chinese trawler under detention stops at the harbor of Ishigaki, Okinawa, Japan, Sept. 9, 2010. Japan Coast Guard sent the captain of the Chinese trawler which collided with Japanese patrol ships in waters off Diaoyu Islands to prosecutors in Okinawa Prefecture Thursday morning.All the 14 Chinese fishermen were on board, Xinhua has learned. They had been kept on boat off Ishigaki harbor. The staff of the Chinese Embassy in Tokyo had called on them over the past five days.No injuries were reported after the collision, but the fishing boat was then intercepted and seized by Japanese patrol ships.Japan's Coast Guard arrested the Chinese captain of the fishing boat for alleged "obstructing public duties" early Wednesday despite China's protest.Zhan Qixiong, the 41-year-old captain, was taken to a local police station on Ishigaki island after a local court granted on Friday a request by prosecutors for a 10-day detention through Sept. 19.Chinese State Councilor Dai Bingguo on Sunday told Japan to make a "wise political resolution" and immediately release the Chinese fishermen and fishing boat.Dai, who made the remarks when summoning Japanese Ambassador to China Uichiro Niwa in the wee hours, was the highest-ranking Chinese official to make a response after the fishing boat and its crew were seized Tuesday."Dai expressed solemnly (to the Japanese ambassador) the Chinese government's grave concerns and its serious and just position," said the Foreign Ministry in a statement.Dai warned Japan not to make a wrong judgment on the situation and urged it to make a "wise political resolution" and immediately release the fishermen and return the boat.Niwa said he would promptly report the Chinese position to his government, said the statement.China decided Friday night to postpone a negotiation with Japan on the East China Sea issue scheduled for mid September, after the Japanese court ruled a 10-day detention through Sept. 19 against the captain despite protests from China.Previously, Foreign Minister Yang Jiechi on Friday summoned the Japanese ambassador and demanded Japan immediately and unconditionally release the boat and all the crew, saying China's determination to defend its sovereignty over the Diaoyu Islands and the interests of the Chinese people was unswerving.Announcing the postponement of the talks on Friday night, Foreign Ministry spokeswoman Jiang Yu said the Japanese side has "ignored China's repeated solemn representations and firm opposition, and obstinately decided to put the Chinese captain under the so-called judiciary procedures."She said Japan's acts have violated the law of nations and basic international common sense, and are "ridiculous, illegal and invalid.""Japan will reap as it has sown, if it continues to act recklessly," Jiang warned.Protests of the public also emerged recently in China against the Japanese move.On Wednesday, more than 40 Chinese nationals staged a protest near the Japanese embassy in Beijing over the detention of the Chinese fishing boat.The unofficial China Federation for Defending the Diaoyu Islands organized the half-hour protest on Wednesday.Witnesses said the protesters chanted the Chinese national anthem while holding up national flags and banners, two of which read "Japan out of Diaoyu Islands" "Diaoyu Islands are China's and so is the East China Sea." Li Wen, a federation official, blasted Japan's act as aggression and demanded release of the fishing boat and crew members, and an apology and compensation from the Japanese government.If the demands were not met, the federation would organize Diaoyu Islands defenders to land on the islands during the National Day holiday, which runs through Oct. 1 to Oct. 7, Li said.