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BEIJING, April 5  --The People's Bank of China says the country will be more open to foreign capital this year even though the prospect of a strong economic recovery is still unclear.Although the impending withdrawals of various countries' economic stimulus packages may also complicate the efforts to end the global economic crisis, the Chinese government has decided to increase the penetration of foreign capital into the country's financial industry in an appropriate way.An editorial in the "Global Times" quotes some western officials who said if China opened its market to western financial institutions the way it opened its market to five-star hotels, the potential risks would be huge for the country itself and the world at large.The editorial warns the doors to free trade should not swing open too quickly and that market openness should be managed at the right pace, as China has done during the past three decades. But it also notes that the stakes are higher in the country's financial industry. It argues that if China is fully open to foreign capital, the capital operation pattern common in developed economies such as the United States and several European nations will not suit its existing financial system on such short notice. As a result, chaos would erupt sooner or later in the financial sector.The editorial concludes that China should gradually liberalize its financial industry, because a sudden torrent of foreign capital would be undesirable. It calls for a prudent approach to financial liberalization that would yield a productive outcome as evidenced over the past three decades of gradual financial reform whereby more market competition has been encouraged and distressed loans have been effectively curbed. Such a policy has shielded China from being hit as severely by the current financial crisis and enabled it to rebound quicker than other advanced nations.

BEIJING, April 8 (Xinhua) -- Chinese Vice Premier Li Keqiang met here Thursday with Portuguese Minister of State and Foreign Minister Luis Amado, calling for cooperation on areas like renewable energy between the two countries.China is undergoing transformation of the economic development pattern and adjustment of the economic structure and has huge market for "green economy" while the European countries including Portugal have advanced technology on renewable energy, said Li."The two sides could enhance exchanges and complement each other's advantages to achieve win-win results," said Li. Chinese Vice Premier Li Keqiang (R) meets with Portuguese Minister of State and Foreign Minister Luis Amado in Beijing, China, April 8, 2010.Li said China appreciated the role Portugal has played as a European Union member, hoping the two countries could continue to consolidate political trust and promote common development.Amado, who is paying an official visit to China from April 8 to 10, said Portugal regards China as its important partner in Asia and is willing to work with China to lift bilateral ties to a new level

BEIJING, April 1 (Xinhua)-- Chinese Vice President Xi Jinping on Thursday urged to remove "disturbance" in the China-U.S. relationship to promote long-term, healthy and stable bilateral ties.Xi made the remarks while meeting with a U.S. bipartisan delegation led by former U.S. Secretary of State Madeleine Albright and former U.S. Assistant Secretary of State Richard Williamson.The governments, parties and politicians of both China and the United States should "learn from history, cherish current opportunities, march with the times and take a broad view of bilateral ties," Xi said.  Chinese Vice President Xi Jinping (1st R) meets with a U.S. bipartisan delegation led by former U.S. Secretary of State Madeleine Albright and former U.S. Assistant Secretary of State Richard Williamson in Beijing, capital of China, on April 1, 2010Xi said he hoped the two sides will overcome difficulties and remove disturbances to improve bilateral ties for the benefit of the two nations and the world.The 18-member U.S. delegation is in Beijing to attend the first high-level dialogue with the Communist Party of China (CPC), which was held on Wednesday.It is also the first time the two U.S. political parties have sent a bipartisan delegation to China.

KABUL, April 25 (Xinhua) -- Two Chinese hostages who have been held by Afghan militants for over three months were released Saturday, the Chinese embassy said here Sunday.Yin Juming, the embassy charge d'affaires, told Xinhua that the two Chinese nationals working with the China Railway 14 Bureau were set free by the militants in western Afghanistan's Faryab province.Zhang Fengqiang, an engineer, and Wu Yulin, a worker, were seized by militants who claimed to be Taliban insurgents on Jan. 16 enroute from the working site to the residence camp in the province, said the Chinese diplomat.The duo were awaiting the journey back to China to reunite with their families, he said.

BEIJING, April 23 (Xinhua) -- China's anti-graft chief He Guoqiang Friday urged the country's discipline inspection and supervision authorities to enhance their capabilities and to win public trust.He, head of the Communist Party of China (CPC) Central Commission for Discipline Inspection, made the call at a meeting in Beijing.Constant efforts must be made in ideological education, professional training and institution building, said He, also a member of the Standing Committee of the Political Bureau of the CPC Central Committee.The authorities must refrain from abusing their powers for illicit gains and handle legal cases in accordance with discipline and law, and must not leak the information of petitions or whistle-blowers, He said.He also called on the authorities to be more willing to subject themselves to public supervision and to be more approachable, trustworthy and respected.