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GUANGZHOU, May 16 (Xinhua) -- A senior official of the Communist Party of China (CPC) has called for more efforts in improving the country's innovation capabilities to accelerate the transformation of economic growth pattern.Li Changchun, a member of the Standing Committee of the Political Bureau of the CPC Central Committee, made the remarks while making an inpsection tour to south China's Guangdong Province from Thursday to Sunday."Indigenous innovation is the way out for an expedited transformation of the economic growth pattern," said Li, who told the local government officials to persist in the transformation of the economic growth pattern as a key element and strategic step in implementing the scientific outlook on development.Li called on the local authorities to make great efforts in expanding the culture sector and get inspriration from doing so to keep improving quality and efficiency of economic development, trying hard to find new ways for China's sound and fast development of economy and society in the post-crisis era after the global financial downturn.Li hoped Guangdong to pay equal emphasis on construction of iconic cultural projects and on building of cultural life at grassroots level. Efforts should be made to explore new ways for advancing administration of public cultural organizations and ways of service, to greatly enrich spiritual life of the broad masses of the people, he said.Li stressed that it is imperative to improve mechanism of cultural market and establish platforms for evaluation of cultural assets, trading of property rights and venture capital investment in areas where conditions become mature."Pricing of cultural products should also be perfected so that more social funds are attracted to the cultural sector," said Li.During his inspection tour in Guangdong, Li visited places including Guangzhou, the provincial capital, Yangjiang and Shenzhen, and inspected enterprises, units of publicity and culture, as well as construction sites of venues for the 16th Asian Games scheduled for Nov.12-27.

BEIJING, June 3 (Xinhua) -- Chinese Vice Premier Li Keqiang has called for efforts to promote development in the country's western regions while transforming the economic growth pattern.Li made the remarks during his visit to southwestern Yunnan Province from May 31 to June 2, where he met villagers, entrepreneurs and local officials.He said the western regions must seize the opportunity of economic structural adjustment at home and abroad, innovate in development, and promote sound and fast economic and social development while accelerating transformation of the economic growth pattern.The western regions should exert their comparative advantages in resources to encourage industrial upgrading and boost economic development with local characteristics, Li said.Chinese Vice Premier Li Keqiang (2nd, L) talks with villagers of Luhai New Village, in Xishan District of Kunming, capital of southwest China's Yunnan Province, June 1, 2010.He said the western regions should further open up to the outside world and adapt to the trend of industrial transfer.Great importance should be attached to guarantee people's basic livelihoods, and help meet people's needs in education, employment, health care, housing and the environment, he said.Li also stressed efforts to promote technology progress, social harmony, poverty alleviation and drought control.

NAIROBI, May 8 (Xinhua) -- Somali pirates have hijacked a Taiwan fishing boat off the Horn of Africa nation coast with 26 crew members, a regional maritime official confirmed on Saturday.Andrew Mwangura, East Africa coordinator of Seafarers Assistance Program, said the ship's owner lost contact with the Tai Yuan 227 two days ago north of the Seychelles as it headed for the Maldives. "The fishing boat lost contacts two days ago and has 26 crew members from China, Kenya, Taiwanese and Mozambique. We received the reports on Friday and it seemed the hijack took place two or three days ago," Mwangura told Xinhua by telephone.The International Maritime Bureau has also confirmed the hijack.Pirate attacks off the Somali coast have continued despite the presence of several warships, deployed by navies of the NATO, the European Union, Russia, China, South Korea and India in the region to protect cargo and cruise ships against piracy.Kenya's proximity to Somalia prompted insurance companies to hike up their premiums for ships traveling to Kenyan ports to mitigate the increased insecurity.This led shipping companies to take the longer route around the Cape of Good Hope traveling to the Kenyan ports, with cost of doing business on the Kenyan coast going up by over 40 percent.To date more than 100 suspects have been transferred to Kenya by the Western warships patrolling the Indian Ocean to combat piracy.It is only Kenya and the Seychelles in the region that have agreed to take in suspects for prosecution, but both have recently complained about the burden of trying and jailing pirates in their countries.

BEIJING, May 2 (Xinhua) -- The People's Bank of China (PBOC), the central bank, announced Sunday it will raise the deposit reserve requirement ratio (RRR) for most financial institutions for the third time this year amid growing concerns of asset bubbles and economic overheating.The bank said in a statement on its website that it would raise the deposit reserve requirement ratio (RRR) for financial institutions by half a percentage point from May 10.The ratio for the rural credit cooperatives and rural banks would remain unchanged at 13.5 percent, said the PBOC.However, the RRR for other small financial institutions would rise to 14 percent, and that for large financial institutions to 17 percent.This is the third rise in the deposit ratio this year. On Jan. 12 and Feb. 17, the central bank raised the deposit ratio by half a percentage point each time.The move indicated the government was taking further steps to tighten monetary policy in response to concerns of overheating and asset bubbles, said Liu Yihui, an expert with the Financial Research Center of the Chinese Academy of Social Sciences (CASS).The PBOC has cut the bank reserve requirement ratio four times during the second half of 2008 to stimulate growth, as the global financial crisis started to weigh on the economy.The country posted a better-than-expected 11.9 percent year-on-year economic growth in the first quarter, but the government was cautious and had repeatedly warned that the economic conditions this year were "very complicated."China's consumer price index (CPI), the main gauge of inflation, saw a rise of 2.4 percent year on year in March, nearing the ceiling of 3 percent inflation this year that the government has set at the annual parliamentary session that month."There is an obvious tendency of overheating," Liu said.

WASHINGTON, March 29 (Xinhua) -- The United States on Monday reaffirmed its commitment to the one-China policy, saying that it' s a commitment that should be the bedrock of the foundation of its relationship with China."The U.S. position on one-China policy is unchanged," Deputy Secretary of State James Steinberg said at a briefing at the Foreign Press Center in downtown Washington D.C.. U.S. Deputy Secretary of State James Steinberg speaks at a briefing at the Foreign Press Center in downtown Washington D.C., capital of the United States, March 29, 2010. The United States on Monday reaffirmed its commitment to the one-China policy, saying that it's a commitment that should be the bedrock of the foundation of its relationship with ChinaThe deputy secretary made the remarks in response to a question about whether the Obama administration remains committed to the one-China policy and the principles of the three China-U.S. joint communiques."It (the one-China policy) serves us very well. We have consistently through Democratic and Republican administrations understood those agreements and principles be the foundation of building an ever stronger relationship (with China)," Steinberg said."So there is no change. It's a commitment that we understand be the bedrock of the foundation of the relationship between the two countries," he added.The deputy secretary appeared to be quite positive about U.S.- China relationship despite recent troubles between the two countries caused by the announcement of new U.S. arms sales to Taiwan in January and President Barack Obama's meeting with the ** Lama in February."I think it is fair to say for the first 15 months of the new administration here, U.S.-China relations have been extremely constructive," Steinberg said in his opening remarks at the briefing."I think we avoided the dangers of transition that often happen in our relations with China and were able to start a very stable and promising course on our relationships, beginning with a phone call between (Chinese) President Hu (Jintao) and President Obama in February of last year, their meeting in London at the G-20 in April and culminating in President Obama's visit to China last fall," he said.At the levels of the Cabinet, he said, the two sides have seen the deepening of bilateral ties through the creation of the Strategic and Economic Dialogue (S&ED), which really reflects both the breadth and the depth of U.S.-China relationship.Steinberg said he knew that in recent months there's been speculation about whether there's been a change in U.S.-China relationship because of differences between the two sides on issues related to Taiwan, Tibet, as well as economic and trade policy.He said his trip to China early this month, along with National Security Council Senior Director for Asian Affairs Jeffrey Bader, provided a chance for both sides to discuss how to build on strong bilateral dialogue to seize the opportunities in the relationship and the need for the two countries to work together, as well as to manage their differences.During the trip, Steinberg said, the U.S. side had made clear that it does not support "Taiwan independence," welcomes recent improvements in cross-strait relations and hopes that the improvements will continue and expand.He added that the U.S. side had also reaffirmed its position that it does consider Tibet to be a part of China and does not support "Tibet independence."Steinberg said the two sides also discussed issues in economics and trade as well as security issues, such as the nuclear issues of the Korean Peninsula and Iran.