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BEIJING, June 5 (Xinhua) -- He Guoqiang, a Standing Committee member of the Political Bureau of the Communist Party of China (CPC) Central Committee, Saturday left Beijing for visits to Italy, Iceland, Norway, Lithuania and Turkmenistan.He, also head of the Central Commission for Discipline Inspection of the CPC, is making the visit at the invitation of the governments of the five countries.His entourage included officials from the CPC Central Committee's departments of international affairs and discipline inspection, as well as officials from the Ministry of Commerce and Guangdong Province.
BEIJING, April 1 (Xinhua) -- China's average daily stock trading volume at the Shanghai Stock Exchange shrank 35.2 percent month on month to 96.85 billion yuan (14.2 billion U.S. dollars) in February, the People's Bank of China (PBOC) said Thursday.China's stock market was closed from Feb. 13 to 19, for the Spring Festival, the most important Chinese traditional holiday.Analysts held that trading was normally bleak in the Spring Festival month, as some investors preferred to cash in profits before going back to hometowns for family gatherings and some were cautious before the release of new economic data after the holiday.The Spring Festival fell in January last year. The daily average stock turnover was down 3.38 billion yuan to 65.4 billion yuan in January 2009 compared with December 2008, according to the PBOC.The benchmark Shanghai Composite Index edged up 110.58 points from Feb. 1 to 3,051.94 points on Feb. 26 this year, the last trading day in the month, the central bank said in a financial market report released Thursday on its official website.China's financial market kept its smooth run in January and February, said the PBOC.The Shanghai Composite Index gained 1.23 percent, or 38.32 points, to end at 3,147.42 points Thursday. The turnover at the Shanghai Stock Exchange was 154 billion yuan, showing investors' heartened confidence in economic recovery.Thursday's official figures revealed that the Purchasing Managers' Index (PMI) for China's manufacturing sector stood at 55.1 percent in March, up 3.1 percentage points from February, the 13th straight month that the index was above 50 percent.

TOKYO, June 1 (Xinhua) -- Chinese Premier Wen Jiabao said here on Tuesday both China and Japan should take the road of peaceful development.The peoples of the two countries should promote mutual understanding, trust and cooperation between them, Wen said in an interview with the Japanese public broadcaster NHK."Japan's pacifist constitution adopted after World War II stipulates that Japan should follow the road of peaceful development, which has brought tangible benefits to Japan in terms of rapid economic growth and greatly improved standards of living for the Japanese people," Wen said.Speaking of China's tremendous social and economic progress since the adoption of the reform and opening-up policy more than 30 year ago, he said China will stick to the path of peaceful and harmonious development."Both China and Japan should take the road of peaceful development. Therefore, both the Chinese and Japanese peoples should understand and trust each other and cooperate with each other," he said.The reason why China attaches so much importance to taking history as a mirror and looking into the future is by no means intended to perpetuate hatred, but to promote the feelings and friendship between the two peoples and to prevent a repeat of the past tragedy, Wen said.He called on the leaders, news media and the academic circles of both countries to play their part in facilitating the exchange of thoughts and the friendship between the two peoples and promote their mutual understanding.
SEOUL, May 28 (Xinhua) -- Seeking to increase cooperation and good neighborliness with South Korea, Chinese Premier Wen Jiabao on Friday started his three-day official visit to the country.TO SPEED UP ESTABLISHMENT OF FTAA key issue during the visit is to speed up the establishment of the free trade area (FTA) between the two nations.During a meeting with South Korean President Lee Myung-bak, the Chinese premier said that the FTA negotiations between China and South Korea could be launched later this year or early next year upon the completion of a feasibility study."When the joint feasibility study by the governments as well as industrial and academic circles is successfully completed, the two countries can inaugurate negotiations on the China-South Korea FTA in the second half of this year or the first half of next year," said Wen.Chinese Premier Wen Jiabao (L) shakes hands with South Korean President Lee Myung-bak during their meeting in Seoul May 28, 2010. Wen arrived in Seoul earlier Friday on his official visit to South Korea.After their talks, Wen and Lee also witnessed the signing of a series of cooperative documents, including a Memorandum of Understanding about the feasibility study of the China-South Korea free trade agreement.Earlier, Lee hosted a welcome ceremony for Wen's visit, and they held formal talks following more than one-hour smaller-group discussions.Wen highlighted the sound development of China-South Korea trade ties, urging the two countries to make joint efforts to overcome difficulties caused by the global financial crisis and promote bilateral cooperation to a new level.China and South Korea should strive to make bilateral trade volume meet the target of 200 billion U.S. dollars by 2012 and 300 billion U.S. dollars by 2015, said Wen.Wen also suggested that the two countries materialize mid- and long-term trade cooperation guidelines and explore new trade cooperative fields, deepen cooperation in areas like high technology and circular economy, combat trade protectionism, expand cultural and youth exchanges, step up coordination within the framework of the Group of 20 (G20) and promote reform of the international economic governance system to make it fairer and more rational."China supports South Korea's efforts for hosting the G20 summit in the second half of this year," said Wen.Wen and Lee agreed to further promote China-South Korea relations of strategic cooperation and partnership, which was established in 2008.China and South Korea, both important countries in East Asia, have extensive common interests, and China attaches importance to its relations with South Korea, hoping the two countries could enhance communication and cooperation in a bid to benefit the two peoples and promote peace and stability in the region, Wen said.The two countries have kept close cooperation in the process of tackling the global financial crisis and safeguarded common interests, Wen said.President Lee said South Korea and China are both engaged in the development of relations of strategic cooperation and partnership, and that cooperation between the two countries has registered rapid progress in various fields.The two countries, which have worked together to deal with the financial crisis and oppose trade protectionism, are maintaining the momentum of bilateral trade growth and are making important contribution to world's economic recovery, said Lee.He said South Korea is willing to work with China to keep high-level exchange and political dialogue, further improve bilateral trade, quicken FTA construction, and enhance cooperation in such areas as clean energy, environmental protection and the development of green economy.Lee said South Korea will coordinate with China in multilateral mechanisms like the G20.
BEIJING, April 11 (Xinhua) -- China's banking regulator said on Sunday that banks should not extend loans to home buyers who intend to use the money for speculative purposes.Lenders should increase their awareness about financial risks and raise the down payment ratio "by a large margin", said the China Banking Regulatory Commission (CBRC) in a statement.Down payment ratio of a second or more houses should be no less than 40 percent and the interest rates should be strictly in line with risks, according to the statement.The action is the latest in a campaign by the central government to dampen China's overheated property market.
来源:资阳报