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BEIJING, May 4 (Xinhua) -- Chinese equities dropped to a seven-month low Tuesday, after the central bank said Sunday it would raise the deposit reserve requirement ratio (RRR) for most financial institutions for the third time this year.The benchmark Shanghai Composite Index lost 1.23 percent to close at 2,835.28 points.The Shenzhen Component Index fell 1.81 percent to 10,960.77 points.Total turnover shrank to 141.55 billion yuan (20.7 billion U.S. dollars) from 191.91 billion yuan on the previous trading day.Losers outnumbered gainers by 533 to 347 in Shanghai and 488 to 429 in Shenzhen.

HO CHI MINH CITY, VIETNAM, June 6 (Xinhua) -- Vice Chairwoman of the National Committee of the Chinese People's Political Consultative Conference Wang Zhizhen on Sunday called on Asian countries to rethink its enhanced role in the world economy.Wang told the World Economic Forum on East Asia, opened here on Sunday under the theme "Rethinking Asia's Leadership Agenda," that Asia is one of world's most dynamic region and a driving force in world economic revival."The international financial crisis has brought big changes to the world political and economic landscape," said Wang. It is of positive influence to explore new development strategy in the post- crisis period and rethink Asia's role, she added.Wang said regional cooperation in Asia have been developing in a deepened and innovative manner over the past years. Asian countries should also discuss outlook for further integration at this historical point.Wang said China is an active member of Asian cooperation. China will continue to support regional integration in Asia and contribute to the harmony and prosperity in the region.The World Economic Forum on East Asia is an annual event. The forum drew more than 400 leading government leaders and officials, leading scholars and entrepreneurs from over 50 countries and regions this year.Cambodian Prime Minister Hun Sen, Lao Prime Minister Bouasone Bouphavanh, Myanmar Prime Minister U Thein Sein, Vietnamese Prime Minister Nguyen Tan Dung and World Economic Forum Founder and Executive Chairman Klaus Schwab attended the forum.

BEIJING, May 4 (Xinhua) -- China called off its grade II drought emergency response on Tuesday as the severe drought in its southwestern regions eased after recent rain.The drought, one of the worst in decades, eased in most parts of the Chongqing Municipality, provinces of Sichuan and Guizhou, and Guangxi Zhuang Autonomous Region, said the Office of State Flood Control and Drought Relief Headquarters in a statement on its website.But in Yunnan Province, the drought was still severe in most parts as the province had only received limited and scattered rainfalls, it said.Southwestern China had six falls of rain between March 22 and April 26, which ranged in volume from 50 to 100 millimeters, figures from the China Meteorological Administration showed.As of Tuesday, up to 123 million mu (about 8.3 million hectares) of arable land in China was affected by the drought, with 17.91 million people and 12.43 million farm animals still short of water, said the statement.

CAPE TOWN, South Africa, March 29 (Xinhua) -- China and South Africa on Monday stressed joint efforts to cement their strategic partnership.The pledge was made between China's top political advisor Jia Qinglin and Mninwa Mahlangu, the chairman of the National Council of Provinces of South Africa at Cape Town."China-South Africa strategic partnership has made new progress in recent years, "said Jia, the chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), China's top advisory body.China and South Africa, which forged the strategic partnership on equality, mutual benefit and common development in 2007, have witnessed frequent high-level visits and developed deeper political trust, Jia said. Jia Qinglin (R), chairman of the National Committee of the Chinese People's Political Consultative Conference, meets with Mninwa Mahlangu, chairman of the South African National Council of Provinces, in Cape Town of South Africa, March 29, 2010Mahlangu welcomed Jia's visit and reviewed the progress in bilateral cooperation since the two countries established diplomatic ties in 1998.China has become South Africa's biggest trade partner and exporter as bilateral trade volume hit a historic high of more than 16 billion U.S. dollars in 2009 despite the international financial crisis, according to the Chinese Customs.Of African nations, South Africa was the one drawing the biggest number of Chinese tourists and students who pursued higher education in the country at the southern tip of Africa.China and South Africa have supported each other on issues concerning their core and major interests, Jia said, adding the two countries have coordinated closely on international affairs.Jia noted that South Africa would host the FIFA World Cup in summer, which is the first one to be staged in African continent."This is the glory and pride of all peoples in the African continent. We wish you a successful and wonderful World Cup," Jia told Mahlangu.Looking to the future, Jia said China would like to work with South Africa to deepen cooperation in all fields and bring bilateral partnership to a new high.Mahlangu proposed the two countries learn from each other and work closely in trade and investment. He also reaffirmed that South Africa would adhere to the one-China policy.Jia and Mahlangu agreed on furthering the exchanges between the CPPCC and the National Council of Provinces of South Africa.On China-Africa relations, Jia said China is committed to boosting the all-round relationship between the world's biggest developing country and the continent with the largest number of developing countries.Jia said China has paid much attention to implementing the eight new measures introduced by Chinese Premier Wen Jiabao last November in Egypt, which included debt cancellation, agriculture production, infrastructure and education.Jia said China would help African countries cope with the challenges of the international financial crisis and seek sustainable development.Mahlangu praised the role of China-Africa Cooperation Forum, saying South Africa will work with China to carry out the mechanism and deepen China-Africa cooperation.South Africa is the last leg of Jia's 10-day African tour which has already took him to Cameroon and Namibia.Jia will also travel to Johannesburg and Pretoria to continue his visit to the country at the southern tip of Africa.He is scheduled to meet with South African President Jacob Zuma on Tuesday afternoon.

WASHINGTON, April 22 (Xinhua) -- The U.S.-China Human Rights Dialogue will take place on May 13-14 in Washington, announced U.S. State Department on Thursday.The U.S. delegation will be led by Assistant Secretary for Democracy, Human Rights and Labor Michael Posner. The Chinese delegation will be headed by the Ministry of Foreign Affairs Director General for International Organizations Chen Xu.The human rights dialogue, which was scheduled by the end of February, had been delayed due to tensions between Washington and Beijing over U.S. arms sale to Taiwan and U.S. President Barack Obama's meeting with the ** Lama early this year.Chinese President Hu Jintao shakes hands with visiting U.S. President Barack Obama after they meet the press at the Great Hall of the People in Beijing on Nov. 17, 2009.According to the joint statement issued by the two countries during President Obama's visit to China last November, China and the United States underlined that each country and its people have the right to choose their own path, and agreed to hold the next round of human rights dialogue in Washington by the end of February 2010.