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MATYBULAK RANGE, Kazakhstan, Sept. 16 (Xinhua) -- Ma Xiaotian, chief commander of the 1,000 Chinese troops taking part in the "Peace Mission 2010" in south Kazakhstan said Thursday that the ongoing military exercise of the Shanghai Cooperation Organization (SCO) is purely a strategic action against terrorism.MAJOR CONTRIBUTIONS TO REGIONAL, WORLD PEACE"Peace Mission 2010" involves 5,000 troops from five of the six SCO member states -- China, Kazakhstan, Kyrgyzstan, Russia and Tajikistan -- from Sept. 9 to 25. Uzbekistan is not taking part.The ongoing exericse never targets or constitutes a threat to any country, Ma emphasized.Ma, who is also deputy chief of the People's Liberation Army General Staff, said China's purpose in taking part in the military drills was the same as the previous six military exercises launched under the SCO framework."We aim to put in place a common understanding among SCO member states to further strengthen cooperation in various aspects, including national defense cooperation, maintaining regional security, peace and stability, and to show the resolution, willingness and capability of the SCO member states to fight the three evil forces of extremism, separatism and terrorism," Ma said.CHINA'S NEW EQUIPMENTMa said the Chinese weaponry used in the exercises were all new and by and large represented the latest development of Chinese troops' equipment.Ma said China had three goals in using the new equipment.Firstly, it showed China attached high importance to this joint exercise and defense cooperation among SCO member states, he said.Secondly, it indicated Chinese troops' determination, will and capability to strike terrorism.And thirdly, it promoted military transparency, Ma said.According to the Chinese general, the Chinese air troops were assembled home in Chinese territory and took part in the exercises by long-distance projection, which was the first time in the history of Chinese air forces.By contacting the troops of the other countries in the exercises, Chinese troops had also learned a lot of good practices and experiences, Ma said.JOINT DRILL ADVANCES SMOOTHLYMa said the massive joint drill had unfolded successfully at present.He said the troops had staged two joint training sessions with cooperation of command personnel and troops of all sides."The process of cooperation is also a process of mutual learning and understanding. It has become more smooth and much better," Ma said, "The next step is to switch to live firing and nighttime exercises once the conditions allow."KAZAKHSTAN'S EFFORTS FOR DRILLS' SUCCESS LAUDEDMa highly appreciated the efforts made by the Kazakh side to ensure the success of the anti-terror exercises.He said that Kazakhstan, as the host country, had made full preparations and arrangements for the drills in various aspects, including overall planning, force delivery, preparations for the drilling grounds, the designs of military field camps, and logistics support.EQUALITY, CONSULTATION, MUTUAL BENEFITWhen asked whether the drills were "dominated" by China and Russia, Ma said, before the drills started, all the five participating countries had jointly held four rounds of consultation and participated in the overall planning and designs of the drills.The principles of equality, consultation and mutual benefit were demonstrated and followed both during pre-drill training and the drills, Ma said.The common desire and consensus of the SCO member countries were reflected in the drills and requirements from each participating country had been taken into account, he said.He also noted that the succes of the SCO drills relied on the concerted efforts made by each participating member country.Joint anti-terror drills of the SCO entered the second phase on Monday at the Matybulak range near the largest Kazakh city of Almaty.
BEIJING, Oct. 22 (Xinhua) -- China's top political advisory body decided Friday to commemorate the 100th anniversary of the 1911 Revolution in 2011.The decision was announced on the last day of the 11th session of the Standing Committee of the 11th National Committee of the Chinese People's Political Consultative Conference (CPPCC).The 1911 Revolution, led by Dr. Sun Yat-sen, broke out on Oct. 10, 1911. It overthrew the Qing Dynasty (1644-1911), ending thousands of years of Chinese feudalism.Separately, Jia Qinglin, chairman of the CPPCC National Committee, said at the meeting all attendees agreed with the Communist Party of China (CPC) Central Committee proposal for the nation's next five-year program.Jia said all CPPCC National Committee members should learn and understand the proposal to ensure China realizes the transformation of its economic development pattern.The CPPCC will continue to make further efforts to help implement the 12th Five-Year Program, Jia said.Also Friday, Jia said at a group study meeting of the CPPCC National Committee that members and organizations of the CPPCC have made great efforts to promote economic and cultural exchange with Taiwan compatriots."It is necessary for CPPCC members to make a good use of our advantages with wide connections, be ready to offer advice and suggestions, and carry out and promote exchange between compatriots across the Taiwan Strait, so as to enhance understanding and trust, and make contribution to advancing peaceful reunification of our motherland," said Jia.
BEIJING, Sept. 28 (Xinhua) -- A senior Chinese political advisor, Du Qinglin, has called for the independent development of the Christian Church in China.Du, vice chairmen of the National Committee of the Chinese People's Political Consultative Conference (CPPCC) and head of the United Front Work Department of the Communist Party of China (CPC) Central Committee, made the remarks at a ceremony in the Great Hall of the People on Tuesday to celebrate the 60th anniversary of the "Three-Self Patriotic Movement" initiated by the Chinese Protestant church.The landmark "Three-Self Patriotic Movement" 60 years ago, which advocated the three principles of self-administration, self-support and self-propagation of Christian churches in China, freed the churches from the control and constraint of western countries, Du said."The current development of Christian churches in China is in its glory, and I hope that Chinese Christians will insist on an independent and patriotic path for Christians in China," Du said.Du also called on China's Christian believers to make efforts to promote economic and social development in China.The development of the Chinese Christian churches is closely related with China's development, and the Christian circle in China is pleased with the prosperity of China and the fact that the policy of freedom of religion in China has been fully implemented, said Fu Xianwei, chairman of the National Committee of the Three-Self Patriotic Movement of the Protestant Churches in China.The clergy and believers will continue to insist on the independent development of Christian churches in China, combining patriotism and belief, Fu said.
BEIJING, Nov. 2 (Xinhua) -- Chinese companies' overseas investment rose 10.4 percent year on year in the first nine months even as global investment as a whole dropped sharply over the period, a senior Chinese official said Tuesday.Chinese companies invested 36.3 billion U.S. dollars overseas in the first three quarters, excluding investments in financial sectors, as other other companies, hit by the global downturn, reduced overseas investment, Zhang Xiaoqiang, vice chairman of the National Development and Reform Commission, China's top economic planning agency, said at the opening of the 2nd China Overseas Investment Fair in Beijing.China has emerged as a major source of foreign direct investment (FDI) outflows.Although global FDI outflows dropped 40 percent year on year in 2009, China's overseas investments rose 14.2 percent year on year to 47.8 billion U.S. dollars, said Zhang.By the end of 2009, more than 12,000 Chinese firms had set up 13,000 overseas enterprises in 170 countries and regions, he said.The National Development and Reform Commission approved the two-day Second China Overseas Investment Fair, which the China Industrial Overseas Development and Planning Association (CIODPA) and China Development Bank are co-hosting.Representatives of government, multinational companies, international organizations and financial institutions from more than 120 countries gathered at the trade fair to persuade Chinese investors to invest overseas.
BEIJING, Oct. 23 (Xinhua) -- One of China's top banking regulators has called upon the nation's commercial lenders to improve their balance sheets and reduce excessive reliance on lending for profits.Wang Zhaoxing, deputy chairman of the China Banking Regulatory Commission(CBRC), said banks should not seek excessive profits from a rapid increase in loans and a widening gap between lending and deposit rates, which is unsustainable.Chinese banks went on a lending spree in 2009 in response to the urging of the government as part of the 4-trillion-yuan (601 billion U.S. dollars) stimulus package to ward off the effects of the global financial crisis.Also, nearly 9.6 trillion yuan in new loans last year fuelled fears of banks distributing bad loans.Many banks continue to depend upon issuing credit to government-backed projects to secure profits, Wang said at an industry meeting Thursday. However, those projects often lack adequate risk management.Further, Wang urged lenders to improve balance sheets and the quality of assets, as well as the ability to manage risk aversion.Chinese banking and financial institutions reported net profits of 668.4 billion yuan last year, of which a lion's share came from the gap between deposit and lending rates, investment proceeds and fees, according to the report on China's banking industry issued by the CBRC in July.The report noted that the average capital adequacy ratio stood at 11.4 percent at the end of last year, above the international safety line, while the non-performing loan (NPL) ratio fell to 1.58 percent, down 0.84 percentage points from the level at the beginning of 2009.Despite the improved data, CBRC chairman Liu Mingkang has repeated warnings that an NPL rebound could bring with it risks from lending to local government financing platforms and the property sector which has accumulated asset bubbles.At the meeting, Wang said the CBRC would enhance oversight to assure unscrupulous and unhealthy financial institutions are phased out of the market.Also, China will gradually move towards a market-driven interest rate mechanism, which would ultimately squeeze bank profits.