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BEIJING, July 4 (Xinhua) -- Former Chinese Vice Premier Zeng Peiyan on Saturday called for the whole world to work together to seek reforms in financial supervision, boost economic restructuring and build a green economy. The present financial crisis has revealed deep-rooted structural imbalance within the traditional economy and developing pattern, and the world should focus on solving such issues in the post-crisis era, he told Xinhua during an exclusive interview at the Global Think Tank Summit. The international community should jointly improve the global financial supervision system with generally-accepted regulatory standards to monitor and intervene on possible systematic risks as early as possible, Zeng said. The international currency system should be reformed into a steady, foreseeable and diversified one, and it is necessary to set supervision on the financial stability of nations of major reserve currencies, he told Xinhua. It would take a long time to carry out the global economic restructuring and solve the imbalances between consumption and savings, he said, adding that such a move needs efforts from both developed countries and developing ones. Zeng called on developed countries to help developing countries by improving their external environment for economic development, as developing countries have already become the biggest victims of the present crisis. Zeng also called for more international cooperation in building a green economy, as developing countries need technical and financial support from developed countries to avoid wasting resources and destroying the environment while seeking economic revival. The summit, which concluded on Saturday, is organized by the China Center for International Economic Exchanges (CCIEE), a non-governmental research and consulting organization created this March, with Zeng as its director. The three-day summit had attracted over 900 scholars, experts and business leaders from all over the world, including former President of the European Commission Romano Prodi and former Secretary of State of the United States Henry Kissinger
BEIJING, July 18 (Xinhua) -- East Star Airlines Co., Ltd. said Saturday here that its current combined debt surpassed 752 million yuan (110.1 million U.S. dollars). Zhao Changbing, spokesperson of the company, said the announcement was made to counter rumors about the status quo of the company's assets and debt Zhao said total assets of the company stood at 1.01 billion yuan. Established in 2005 in central Hubei Province, East Star Airlines operated more than 20 routes. Its operation was suspended by the industry regulator as of March 15 this year, due to financial difficulties of the carrier.

BEIJING, June 10 (Xinhua) -- China hopes to deepen economic and trade cooperation with Kyrgyzstan for mutual benefit, Chinese Vice Premier Wang Qishan said here on Wednesday. Wang made the remarks at his meeting with visiting first deputy prime minister of Kyrgyzstan Omurbek Babanov. Chinese Vice Premier Wang Qishan (R) shakes hands with Kyrgyzstan's First Deputy Prime Minister Omurbek Babanov during their meeting in Beijing, capital of China, on June 10, 2009. Babanov paid his visit to China to attend the 8th meeting of the China-Kyrgyzstan joint commission on economic and trade cooperation. Expressing his congratulations on the successful conclusion of the meeting, Wang said the two countries enjoyed deepening mutual political trust and sound development of economic and trade cooperation in recent years. Wang also expressed China's hope for the two sides to strengthen feasibility study of important cooperative projects. Babanov said Kyrgyzstan was ready to boost bilateral cooperation in all fields, in efforts to push forward bilateral relations. Kyrgyzstan is a member of the Shanghai Cooperation Organization(SCO), a regional organization which also comprises China, Russia, Kazakhstan, Tajikistan and Uzbekistan. Chinese President Hu Jintao will attend the ninth SCO annual summit on his state visit to Russia from June 14 to 18. Leaders are expected to discuss measures on tackling the economic downturn as well as expanding economic cooperation.
URUMQI, July 8 (Xinhua) -- More than 100 overseas media organizations came to Urumqi, capital of northwest China's Xinjiang Uygur Autonomous Region, to report Sunday's riot, a press official said Wednesday. "All media organizations are welcome to report the riot," said Hou Hanmin, spokeswoman for the Xinjiang regional government and in charge of the press center in Haide Hotel in downtown Urumqi. "We will do our best to provide convenience for reporters while ensuring their safety," said Hou. "We hope every media reports the incident objectively through close observation of the truth," she said. The riot, which occurred Sunday evening in Urumqi, has left 156dead and more than 1,000 others injured. Wu Nong, a press center worker, said the center had technicians to deal with communication problems for journalists. It has interpreters of English and Uygur languages.
WASHINGTON, April 22 (Xinhua) -- U.S. Secretary of State Hillary Clinton expressed concerns about the development of Taliban militants in Pakistan on Wednesday, calling for effective efforts to curb the insurgents advance in the war-torn country. Speaking to the Foreign Affairs Committee in the House of Representatives, Clinton said that the U.S. government believes Pakistani government shares U.S. goals in defeating terrorism. However, she criticized Pakistani authorities for having made a peace deal that allows militants in Pakistan's northwest to impose Islamic law in exchange for a cease-fire with Taliban insurgents. U.S. Secretary of State Hillary Clinton testifies before the House Foreign Affairs Committee on the foreign policies of President Barack Obama administration on the Capitol Hill in Washington, April 22, 2009 "I think the Pakistani government is basically abdicating to the Taliban and the extremists," she said, urging Pakistan's government and Pakistanis at home and abroad to "speak out forcefully against a policy that is ceding more and more territory to the insurgents." It was reported that Taliban militants in Pakistan's Swat valley are stretching out to the region just 110 kilometers from the capital Islamabad, in a bid to broaden their control. Swat has been one of Pakistan's main tourist destinations since2007, when the security forces began to fight against local Taliban in the region. Last week, Pakistani President Asif Ali Zardari signed the regulation introducing Sharia, or Islamic law, into northwestern Pakistan. The local government has issued a formal notification on enforcing Sharia in Malakand and Kohistan divisions including the restive Swat valley. Washington has expressed concerns about the enforcement of Islamic law in the region. U.S. Secretary of State Hillary Clinton (R Front) arrives to testify before the House Foreign Affairs Committee on the foreign policies of President Barack Obama administration, as anti-war protestors hold a demonstration, on the Capitol Hill in Washington, April 22, 2009
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