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BEIJING, Nov. 9 (Xinhua) -- China will raise gasoline and diesel prices both by 480 yuan (70.28 U.S. dollars) per tonne from Tuesday, the National Development and Reform Commission (NDRC) announced on its website Monday. The benchmark price of gasoline will be 7,100 yuan a tonne and that of diesel 6,360 yuan a tonne, according to the NDRC. The retail price of gasoline will climb by 0.36 yuan per liter and that of diesel will rise by 0.41 yuan per liter. The country adopted a new fuel pricing mechanism, which took effect on Jan. 1. Under the pricing mechanism, the NDRC will consider changing the benchmark retail prices of oil products when the international crude price changes more than four percent over 22 straight work days. A worker adjusts the price tag at a gas station in east China's Shanghai Municipality, early Nov. 10, 2009. China raised gasoline and diesel prices both by 480 RMB yuan (70.28 U.S. dollars) per tonne on Nov. 10 "Margins of price fluctuations are within expectation. The price hike can help relieve domestic refiners' pressure from soaring oil refining cost," said Wang Jing, an analyst on petrochemical sector with Orient Securities Company Limited. The price hike was aimed to protect oil refiners' interests, ensure market supply and help lead rational consumption to promote energy-saving and emission reduction, the NDRC said. The NDRC would take active measures to help reduce pressure brought to sectors like transportation, the NDRC said. International crude oil price might continue to rise within this year as demand would continue to grow amid global economic recovery, Wang said.
BEIJING, Dec. 8 (Xinhua) -- Chinese President Hu Jintao Tuesday spoke highly of the strategic security talks with Russia that helped to promote bilateral ties, pledging to further the bilateral strategic partnership of cooperation in the coming year. The security talks, initiated in February 2005, served as a platform for the two states to enhance political trust and cooperation in various fields, especially in law-enforcement and security aspects. Chinese President Hu Jintao (R) meets with Russian Security Council Secretary Nikolai Patrushev in Beijing, capital of China, Dec. 8, 2009Chinese State Councilor Dai Bingguo and Russian Security Council Secretary Nikolai Patrushev attended the fourth round of talks in Beijing early Tuesday. They discussed bilateral ties, saying it witnessed a balanced, smooth and quality development this year, which marks the 60th anniversary of the establishment of diplomatic relations between the People's Republic of China and Russia. They applauded the frequent high-level visits, improved strategic coordination, enhanced strategic mutual trust, and the expanding economic and humanitarian cooperation. China and Russia hold the fourth round of strategic security consultations in Beijing, capital of China, Dec. 8, 2009. "The two sides believed that the strategic coordination between China and Russia played an important role in safeguarding the two states' strategic security interest, development, and the world peace and stability," the Chinese Foreign Ministry said in a press release. The two sides pledged to further strengthen coordination in their strive to promote the reform on global governance mechanism, maintain close cooperation on major international and regional issues, enhance regional cooperation and preserve their common interest. Chinese State Councilor Dai Bingguo (R Front) shakes hands with Russian Security Council Secretary Nikolai Patrushev after they signed the China-Russia strategic security consultations mechanism cooperation protocol following the fourth round of strategic security consultations in Beijing, capital of China, Dec. 8, 2009. They also discussed the nuclear issue on the Korean Peninsula, Iran's nuclear program, the Group of 20, the reform of the United Nations, climate change, nuclear disarmament, the BRIC and the Shanghai Cooperation Organization, Chinese diplomatic sources said. "The world is experiencing dramatic change and adjustment, which will offer new opportunities and challenges for the development of both China and Russia," Hu said during a 40-min meeting with Patrushev in the Great Hall of the People in central Beijing. It will also raise new task and requirements for the development of the China-Russia strategic partnership of cooperation, Hu told the senior Russian security official. China will work along with Russia, take the opportunities and enhance the all-round strategic coordination and substantial cooperation in various fields in a bid to lift bilateral ties into a new phase, Hu noted. Hu proposed the two sides to tap the full potential of the strategic security talks so as to make further contribution to the development of bilateral ties. Patrushev echoed Hu's remarks on world situation, adding that it is of great significance for Russia and China to speed up strategic coordination under the context of the global financial crisis. The frequent exchange of high-level visits and cooperation in various fields fueled the development of bilateral ties, he said, vowing to further enhance cooperation with China in a bid to bolster bilateral ties.
BEIJING, Jan. 6 (Xinhua) -- Chinese Vice Premier Zhang Dejiang Wednesday said the country should step up efforts to promote the development of third-generation (3G) and domestically-developed TD-SCDMA technology. Zhang urged accelerated construction of the 3G network, strengthened technological innovation and enhanced information security management, during a visit to the country's four major 3Goperators including Datang Telecom, China Telecom, China Unicom and China Mobile. Zhang said the 3G technology should be given full play to promote the informationization and upgrading of the traditional industries and boost the development of modern service industries. Chinese Vice Premier Zhang Dejiang (2nd R Front) visits Datang Telecom company, one of China's four major 3G operators, in Beijing, capital of China, on Jan, 5, 2009. Zhang said on Wednesday the country should step up efforts to promote the development of third-generation (3G) and domestically-developed TD-SCDMA technology as he inspected the country's four major 3G operators, namely Datang Telecom, China Telecom, China Unicom and China Mobile, on Jan. 5-6 He required the four major telecom operators to make unswerving efforts to develop the TD-SCDMA technology, explore new business opportunities and improve the construction of a full-fledged industrial chain, so as to sharpen the competitiveness of the TD technology. Chinese Vice Premier Zhang Dejiang (2nd R) visits China Telecom company, one of China's four major 3G operators, in Beijing, capital of China, on Jan, 5, 2009Zhang also asked the technology developers to enhance information security management to ensure a safe and steady operation of the 3G technology. China issued the long-awaited 3G licenses January last year, with China Mobile getting the TD-SCDMA standard, China Telecom receiving a license for the U.S.-developed CDMA2000 and China Unicom getting permission to operate Europe's WCDMA. As of now China has invested 160.9 billion yuan (23.6 billion U.S. dollars) in building 325,000 new 3G base stations covering the country's major cities, according to Zhang.
HUA HIN, Thailand, Oct. 24 (Xinhua) -- Chinese Premier Wen Jiabao on Saturday proposed strengthening cooperation between the Association of Southeast Asian Nations (ASEAN) and China, Japan and South Korea to combat the global financial crisis. "Tackling the global financial crisis should remain the top priority for countries in the region at present," Wen said at the 12th summit between ASEAN and China, Japan and South Korea (ASEAN Plus Three) at the Thai beach resort of Hua Hin. The countries within the ASEAN Plus Three system should further promote integration, peace and prosperity in the region by launching concrete cooperation efforts, he added. Chinese Premier Wen Jiabao (7th L) and other leaders pose for a group photo during the 12th summit between ASEAN and China, Japan and South Korea (10+3) in Hua Hin, Thailand, on Oct. 24, 2009. Wen said steadfast efforts should be made to tackle the global financial crisis, and appropriate fiscal and monetary policies should continue to be adopted to promote stable economic growth. Wen said he hoped the Chiang Mai Initiative Multilateralization (CMIM), a 120-billion-U.S.-dollar regional reserve pool aimed at providing emergency liquidity for countries in financial crisis, could be launched by the end of this year. He pledged 200 million dollars to the region's credit guarantee and investment fund. Countries in the region should also step up efforts to develop the Asian bond market, he said. On trade and investment within the region, Wen proposed streamlining customs clearance and investment approval procedures and expanding support for small and medium-sized enterprises. Countries in the region should take measures to move toward an East Asia Free Trade Area step by step through the ASEAN Plus One and the ASEAN Plus Three mechanisms, Wen said. China was willing to take the lead in promoting economic and trade cooperation among the countries in the ASEAN Plus Three system, he said. Wen also proposed measures aimed at boosting interconnection and intercommunication, common development and the overall competitiveness of the region. Leaders at the summit agreed that countries in the region needed to strengthen exchanges and cooperation in fields including trade, finance, energy, food security and disaster prevention and mitigation. Coordination should also be enhanced on issues such as climate change and the reform of the international financial system, they said. Wen arrived at Thailand on Friday to attend a series of meetings related to ASEAN, which groups Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Vietnam, and the summits' host, Thailand.
WELLINGTON, Nov. 2 (Xinhua) -- Chinese Vice Premier Li Keqiang and New Zealand Prime Minister John Key agreed during a meeting Monday to actively explore new ways to advance cooperation between the two countries. Li said during the meeting that in recent years, China and New Zealand have expanded cooperation in many areas such as politics, economy and culture. He said they also have kept good communications and coordination on major global and regional issues. The smooth implementation of the China-New Zealand free trade agreement has helped bilateral trade surge, Li said. Chinese Vice Premier Li Keqiang (R) shakes hands with New Zealand Prime Minister John Key in Wellington, New Zealand, Nov. 2. 2009. New Zealand was the first developed nation to wrap up WTO entrance talks with China, the first developed country to recognize China as a market economy, and the first developed nation to sign a free trade agreement with China. The development of China-New Zealand comprehensive cooperative relations suits the fundamental and long-term interests of both countries and is conducive to peace, stability and prosperity in the Asia Pacific region, Li said. He said respecting and caring for each other's core interests and major concerns are key to a stable development of bilateral ties. Li said China is willing to work with New Zealand to actively explore mutually beneficial cooperation in sustainable development and cultural exchanges and to enhance coordination in multilateral organizations and on major international and regional issues in a bid to bring bilateral ties to a new level. Key said New Zealand values its comprehensive cooperative relationship with China. He said the smooth implementation of the bilateral free trade agreement has benefited New Zealand a lot. The prime minister said he looked forward to visiting China and attending the Shanghai Expo next year. New Zealand has spent five times as much on the Shanghai Expo as on the last Aichi Expo, an evidence of New Zealand's high regard and expectations for relations with China, he said. The New Zealand government respects China's positions on issues concerning its core interests such as Taiwan, Tibet and Xinjiang, and sticks to the one-China policy, Key said. Li arrived in New Zealand on Sunday after concluding an official visit to Australia. His three-nation tour will also take him to Papua New Guinea.