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LONDON, Jan. 12 (Xinhua) -- Chinese Vice Premier Li Keqiang met with British Business Secretary Vince Cable here on Wednesday, with both sides agreeing to further develop economic and trade ties.China and Britain are both major economies in the world, so bilateral trade has a solid foundation and broad prospects, said Li, adding that the two sides should establish a more strategic and long-term economic and trade relationship, and jointly promote economic growth.He said the two countries should further expand mutual investment, deepen cooperation in infrastructure construction, advanced manufacturing and service trade, energy development, innovative technology and other areas, and jointly develop the third-party markets.The Chinese leader welcomed British companies to continue to invest in China, and said China would also encourage more Chinese enterprises to invest and seek development in Britain.He pledged that China will continue to improve its investment environment and provide convenience for British enterprises, while also expressing the hope that Britain can do the same for Chinese investors.In his turn, Cable said the British government and business community have been committed to developing closer economic and trade ties with China, adding that the two countries have complementary advantages and therefore great potential for broader and deeper cooperation.British entrepreneurs present at the meeting briefed Li about their investment and operations in China.Li, accompanied by Cable, also visited on Wednesday the BRE Innovation Park and an exhibition of the latest research development and achievements in the field of low-carbon architecture and community.

BEIJING, Dec. 3 (Xinhua) -- During the 11th Five-Year Plan period (2006-2010), China spent 3.26 trillion yuan on social security, an annual increase of 17.6 percent, the Ministry of Finance (MOF) told Xinhua Friday.Wang Jun, vice minister of the MOF, said in the 2006-2010 period, the social security expenditure from the central government stood at 1.4 trillion yuan (210.19 billion U.S. dollars), which was 2.1 times the expenditure in the previous five years.As the improvement of civil welfare is a crucial component of the harmonious society China is pursuing, financial authorities at all levels should continue to raise investments in social security when making the 2011 fiscal budget and plans for the 12th Five-Year Plan starting from 2011, Wang said.

BEIJING, Nov. 25 (Xinhua) -- Chinese Premier Wen Jiabao's visits to Russia and Tajikistan helped enhance mutual trust, deepen cooperation and promote development, said Chinese Foreign Minister Yang Jiechi late Thursday.From Monday to Thursday, Wen paid official visits to Russia and Tajikistan. He also attended the 15th regular meeting between Chinese and Russian prime ministers in Russia and the ninth Shanghai Cooperation Organization (SCO) prime ministers' meeting in Tajikistan.Yang described the visits as a major diplomatic action of China in the Eurasia region when the world situation is undergoing complex changes.Chinese Premier Wen Jiabao (C, front) attends the prime ministers' meeting of the Shanghai Cooperation Organization (SCO), in Dushanbe, Tajikistan, Nov. 25, 2010.Wen's visits were aimed at strengthening solidarity and mutual trust, deepening mutually beneficial cooperation, and boosting common development, which are shared desires of all member countries of the SCO, he said.During Wen's visits, China signed a total of 50 bilateral and multilateral documents with the related parties.

BEIJING, Jan. 14 (Xinhua) -- China will increase the flexibility of the yuan exchange rate and further push forward the opening-up of its financial markets, a senior central bank official said Friday.China will continue the reform of the yuan exchange rate mechanism and keep the rate basically stable at a reasonable and balanced level, Li Dongrong, assistant governor of the People's Bank of China, said at a forum. The speech was posted on the central bank's website.The Chinese yuan strengthened to a record high against the U.S. dollar Friday, the central parity rate reaching 6.5896, the second straight day it has been set below 6.6 per dollar, according to the China Foreign Exchange Trading System.The currency has risen by more than 3 percent since the country's central bank announced in June 2010 it would further reform the yuan exchange rate formation mechanism to improve its flexibility.Li also said the central bank will work to expand trials of cross-border yuan settlement, to facilitate trade and investment.The central bank will promote the policy of allowing exporters to park their foreign revenue overseas, Li said, adding that it will further develop the foreign reserves market and create tools to hedge exchange rate risk.Li's speech came after the central bank announced Thursday the nation's qualified businesses and banks may settle their overseas direct investment in yuan, a move that expands the Chinese currency's global reach and eases excess domestic liquidity concerns.Li also voiced concern about loose credit globally, saying such policies are adding to capital-inflow and currency-appreciation pressures, leading to asset bubbles in some emerging economies.China still faces many challenges, Li said. "Expectations for inflation are rising. Housing prices are still high in some cities. Pressure from continuous inflows of foreign capital is increasingly evident," he said.The central bank will soundly manage money supply and maintain reasonable growth in credit, he added.

BERLIN, Dec. 21 (Xinhua) -- 2010 is an important year for the development of Sino-German relations. That's as the two countries have made big achievements on politics, economy, culture and society, sending their bilateral relations to a "new historical point."German Chancellor Angela Merkel visited China in July and met Premier Wen Jiabao and President Hu Jintao. During her visit, China and Germany issued the second communique in two countries' history, which was considered a historical event by both sides.The Sino-German relations have entered a new phase, Merkel said. The development of relations between the two countries, she said, are formed on a "completely new basis."Wen said Merkel's visit and the communique have "historical significance" that will help map out the blueprint of bilateral ties and make it stand on "a new historical starting point."The communique contains 28 points, in which both sides pledged to maintain regular contact between their leaders and the mechanism of annual meetings of the premier and chancellor.Both countries stressed to take care of each other's core interests, to enhance their mutual understanding and political trust, and to strengthen dialogues on strategy, law and human rights. They also expressed interest in improving cooperation in the United Nations, international financial institutions and other multilateral organizations.In addition to Merkel's visit, the two countries' leaders met each other during many world events in 2010 to strengthen their mutual trust. In April, Hu met Merkel at the the nuclear summit in Washington. One month later former German President Horst Koehler paid a state visit to China.During Wen visit to Europe in October, the premier changed his route and met Merkel in Berlin. Both sides reconfirmed the communique issued in July. Wen also was invited to co-chair the first round of the Sino-German government consultations in 2011, making Germany the first EU country to hold high-level intergovernmental consultations with China."China and Germany have maintained a strategic partnership and a close bilateral tie, even at the highest political level," the German foreign ministry said.Tight political relations are built on strong and complementary economic connections between China and Germany, the largest trading partner for each other in their respective regions.Sino-German trade has accounted for nearly one third of the trade between China and Europe. According to the latest statistics of China Customs, from January to October, Sino-German bilateral trade reached about 115 billion U.S. dollars, up 35 percent over the same period of last year.The Chinese Ministry of Commerce said Germany has invested in 319 projects, an actual investment of 830 million dollars in China from January to November, while China invested 160 million dollars in Germany at the same period.In the last three years, foreign direct investments (FDI) from China to Germany witnessed a fast development, not only in numbers, but also on quality, professionalism and management, Michael Pfeiffer, CEO of Germany Trade and Invest, told Xinhua in a recent interview."In a long period, there were four to seven FDI projects from China to Germany every year. However, 2008 was a turning point with 21 FDI projects realized," he said. "By 2009, this number has been tripled."At present, there are 800 Chinese enterprises that have set up companies or offices in Germany.To counter the toughest economic crisis after World War II, China and Germany have also taken several stimulus plans to stimulate economies and domestic demand.In 2010, both countries cooperated closely on opposing protectionism, strengthening international financial regulations and preventing global climate change, said Wu Hongbo, the Chinese ambassador to Germany.On issues such as China's market economy status, technology transfer, intellectual property protection, China and Germany have actively listened to each other's concerns and sought solutions.In 2010, China and Germany also made big progress on cultural and social exchanges.The German Pavilion "Harmonious City" received about 4 million visitors at the 2010 Shanghai World Expo and won a top prize there.The activity, "Germany-China Moving Ahead Together," which started in 2006, has greatly enhanced the mutual understanding and friendship between the two countries.This summer, 45 German universities and colleges held China Week to show the charm of the Chinese language and culture, and to help more young Germans understand contemporary China.At the same time, 200 German high school students attended summer camps in China and experienced real Chinese life there.In 2012, China will host "Chinese Culture Year" in Germany.

来源：资阳报