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ATHENS, Nov. 2 (Xinhua) -- China attaches great attention to the cross-border cooperation and is willing to work together with the international communities to strengthen its effort in the fight against corruption, Teng Jiuming, head of the Chinese delegation, said at the 13th International Anti-Corruption Conference here on Sunday. Teng, senior ombudsman from the Ministry of Supervision of China, said that corruption is a common challenge faced by all countries around the world. "For years we have been carrying out international exchange and cooperation in the anti-corruption field based on the principles of equality, mutual benefit, of respect for differences, and of emphasis on effectiveness." Teng pointed out that the Chinese government is ready to enhance its anti-corruption efforts together with other countries, regions and international organizations, so as to create a just and harmonious world. The Chinese delegation also introduced China's anti-corruption strategies and practices in recent years at the conference. According to the requirement of the United Nations Convention against Corruption (UNCAC), the National Bureau of Corruption Prevention was established under the Central Chinese Government, which is the first corruption prevention organ at the national level since the founding of the People's Republic of China. Teng said on 13th, May 2008, the Chinese government published the Five-year Work Plan (2008-2012 ) on building and Completing the System for Punishing and Preventing Corruption. China has also tabled the Anti-Money Laundering Law and the Regulations of the People's Republic of China on Disclosure of Government Information in recent years. Business bribery is a common challenge faced by the international community. The Chinese government has initiated the anti-business bribery battle and notable progresses have been achieved, said Teng. The 13th International Anti-corruption Conference, which attracted some 1,200 officials, scholars from all over the world to share their views in the fight against corruption, was held in Athens from October 30 to November 2, 2008.
RAMALLAH, Jan. 15 (Xinhua) -- Visiting Chinese special envoy for the Middle East Sun Bigan called for an immediate halt of military activities in Gaza during his meeting with Palestinian National Authority (PNA) Chairman Mahmoud Abbas in the West Bank city of Ramallah Thursday. The two discussed the situation in the Gaza Strip, which has been under intensive Israeli attacks for almost three weeks, causing more than 1,000 Palestinians dead and over 4,600 wounded. The Palestinian National Authority (PNA) Chairman Mahmoud Abbas (R) meets with Sun Bigan, China's special envoy on the Middle East issue, in the West Bank city of Ramallah, on Jan. 15, 2008. Sun urged all parties to abide by UN Security Council resolution 1860 to avoid additional civilian casualties and ease the humanitarian crisis. He said as a permanent member of the UN Security Council, China has the duty to uphold justice and safeguard world peace. The warfare in Gaza, since its start, had drawn attentions from the Chinese leadership as well as the Chinese public. Sun said China has been making efforts to bring peace back to the region and to ease the humanitarian crisis happening in Gaza. Sun stressed that China has been long supporting the stance held by the PNA and Abbas that the Palestinian issue should be solved politically. Israeli President Shimon Peres meets with visiting China's special envoy on the Middle East issue Sun Bigan in Jerusalem, Jan. 14, 2009. He expressed his hope that the Palestinian side could continue gaining international support, and the disputes can be solved through negotiations. Sun said that unity remains the basic and most important factor that ensures the Palestinians to regain their legitimate national rights, adding that China appreciates the tireless efforts that Abbas has made to maintain Palestinian national unity. Abbas highly praised the five standpoints on the current Middle East situation issued by China, thanked for China's emergency humanitarian aid, and expressed his willingness to keep exerting efforts to restore stability as soon as possible. Egyptian Foreign Minister Ahmed Abul Gheit (R) meets with China's special envoy on the Middle East issue Sun Bigan in Cairo Jan. 12, 2009. The two sides exchanged opinions on the Gaza crisis and vowed to work together to help ease the tension in the Palestinian enclave. Before his visit to Ramallah, Sun also toured Egypt and Israel, where he put forward five standpoints of the Chinese government on the current Middle East situation to Egyptian and Israeli officials. The five standpoints are: 1. China calls on all parties concerned to abide by the UN Security Council Resolution 1860, and cease all military actions immediately to avert more casualties. 2. Measures should be taken to ease the humanitarian crisis in Gaza. A stable channel for supply of humanitarian aid including food, medicine and fuel, for Gaza should be open at the earliest time possible, and parties concerned should provide necessary guarantee in this regard. 3. Parties concerned should establish, through negotiation, a ceasefire monitoring mechanism in Gaza and work to create durable security and stability there. 4. The Palestine-Israel peace talks should resume at the earliest time, and efforts should be made to seek solution to issues related to the final status of Palestine on the basis of mutual-trust, so that an independent Palestinian state will be established as early as possible and the "two states" of Palestine and Israel will coexist peacefully. 5. The international community should increase mediating efforts for peace and promote a comprehensive, just and durable settlement of the Middle East issue. China is ready to work with parties concerned and make unremitting efforts in this regard. Amr Moussa (R), secretary-general of the Arab League, meets with China's special envoy on the Middle East issue Sun Bigan at the headquarters of the Arab League in Cairo, capital of Egypt, on Jan. 12, 2009.

BEIJING, Nov. 29 (Xinhua) -- Senior military officials of China and Myanmar agreed on Saturday to strengthen the relations of the two countries and armed forces in an all-around way. The two countries should enhance military and state-to-state exchanges to promote regional peace, stability and prosperity, said Chen Bingde, chief of the General Staff of the Chinese People's Liberation Army (PLA), while meeting his Myanmar's counterpart Shwe Mann. Chen said the two sides have maintained cooperation in various fields, and witnessed smooth development in their military ties. He hailed the firm support to each other in terms of national development and international affairs, especially those touching on the core interests of both nations. As good neighbors since ancient times, China and Myanmar have helped each other to fight external aggression and to struggle for respective national independence and liberation in modern history, Chen said. Shwe Mann, also member of the ruling Myanmar State Peace and Development Council (SPDC), agreed to strengthen bilateral ties in an all-around way. He expressed appreciation for China's long-term support to Myanmar and reaffirmed Myanmar's adherence to the one-China policy.
BEIJING, Nov. 17 -- Chinese banks should be alert to the risks of growing bad loans and narrowing profit margins amid a worsening global financial crisis and domestic interest rate cuts, a senior banking regulator has warned. China Banking Regulatory Commission Vice Chairman Jiang Dingzhi told a financial forum in Beijing on Saturday that China's banking system, despite being generally healthy, faces growing risks. "Our judgment is that losses at overseas financial institutions will widen further, and capital shortfalls will become more serious," Jiang said "The financial crisis won't end in the near term. So we should not turn a blind eye to the risks " Jiang said, warning that the first risk China may face in the coming years is "exported inflation" from developed economies. He said many developed economies have taken quick action to inject huge liquidity and credit into their banks to stabilize financial systems and it is likely that the banks will export capital to developing countries such as China (through direct investment or loans). "That may cause high inflation (for us) and we should keep a close eye on cross-border capital flows," said Jiang. Jiang also warned that bad loans, especially in the real estate sector, are the second risk that China's banks are confronted with. "Bad loans are already showing an upward trend, especially in the property market where the mortgage default risk is growing at an accelerating pace," Jiang said, without elaborating. Jiang also said Chinese banks may encounter growing losses from their overseas investment as the global financial crisis remains "far from over". The government said earlier that Chinese banks suffered "very limited losses" overseas as their exposure to bankrupt global financial companies was not much. Jiang said Chinese banks also face narrowing profit margins as the central bank cuts interest rates to boost the slowing economy. Banks are encouraged to lend after the government announced a 4 trillion yuan (586 billion U.S. dollars) stimulus plan a week ago. The People's Bank of China has cut interest rates thrice this year after economic growth cooled to 9 percent in the third quarter, the slowest rate in five years. He said the banks will see declining profits next year as lower interest rates shrink margins and loan defaults may increase. However, Jin Liqun, chairman of the supervisory board of China Investment Corp, said Chinese banks should continue market-oriented reforms despite the risks. "All these risks cannot be used as excuses to defer further reform in the banking system," said Jin at the forum. "Only with market-oriented reforms can our banks further build up their capabilities in profit-making and risk-prevention." Jiang said China's banking system remains "in good health" with all major indicators at their best levels ever. Banks' total assets, 59.3 trillion yuan at the end of September, were five times the level of 10 years ago when the Asian financial crisis erupted, he added. And banks reduced their average bad-loan ratio to 5.49 percent at the end of September, from 6.3 percent at the end of March. "These sound indicators are the basis of our confidence to battle financial crisis," Jiang said.
来源:资阳报