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HAIKOU, Dec. 16 (Xinhua) -- China will actively push forward maritime cooperation with the 10 members of the Association of Southeast Asian Nations (ASEAN) in light of the guidelines on conduct in the South China Sea, a Foreign Ministry official has said.Assistant Foreign Minister Liu Zhenmin made the remarks during an international seminar on implementing the Declaration on Conduct of Parties in the South China Sea (DOC) and maintaining the navigational freedom and security of the waterway.Early next year, China will hold a senior officials' meeting and working group meeting with ASEAN countries on the implementation of the 2002 Declaration on the Conduct of Parties in the South China Sea (DOC), Liu said in an interview with Xinhua on the sideliens of the seminar held in Haikou, Hainan Province, from Dec. 14-15..The senior officials' meeting is a guiding mechanism for implementing the DOC at governmental level. Under it, China will hold a series of seminars and carry out a set of cooperative projects, so as to further advance cooperation with ASEAN nations, he said.Chinese Premier Wen Jiabao proposed to establish a three-billion-yuan China-ASEAN maritime cooperation fund at the 14th China-ASEAN summit and the Commemorative Summit to Celebrate the 20th Anniversary of China-ASEAN Relations in November.China hopes the fund will contribute to the implementation of the DOC and further enhance cooperation with ASEAN nations, said Liu.The State Oceanic Administration held a South China Sea oceanography seminar in Qingdao on Dec. 12, he said, adding China will hold a series of seminars on topics ranging from marine research, search and rescue, environmental protection, navigation safety and combating maritime crimes.Liu said the maintenance of maritime security as well as navigation safety and freedom is very important to East Asian countries, for the economic development of East Asia is largely export-oriented.As an important pathway for foreign trade for China, Japan, the Republic of Korea and the ASEAN nations, security on the South China Sea is critical for these countries' economic development, he said.Stressing that navigation freedom and security on the sea should be guaranteed, he said China will continue to strengthen cooperation with countries surrounding the South China Sea to protect against threats.The DOC was signed by China and the ASEAN countries in November 2002 as a code of conduct for all parties involved in diplomatic issues in the South China Sea.It is a political document aimed at safeguarding peace, stability and prosperity in the South China Sea, advancing pragmatic cooperation and creating favorable conditions for the interested countries to ultimately settle their disputes by peaceful negotiation.
NANJING, Jan. 7 (Xinhua) -- Police authorities in China's eastern Jiangsu Province on Sunday intensified their search for the suspect in an armed robbery in the province.Police have increased patrol and initiated a blanket search for the male suspect, who shot and robbed a man in front of a bank in Nanjing, the provincial capital, on Friday, the provincial public security bureau said in a statement.In Nanjing, special armed police and police cars have blocked major roads, with many others searching in public places. Two helicopters are used to facilitate the search.The provincial police authorities also offered a reward of 100,000 yuan (15,850 U.S. dollars) for information leading to the arrest of the man believed to be in his 40s.The suspect shot a man who had just finished withdrawing 200,000 yuan in front of a bank on Nanjing's Dongmen Street at 9:50 a.m. Friday. The robber then took the money and hopped in a car that sped away from the scene of the crime, Pei Jun, deputy chief of the Nanjing public security bureau, said Friday.Pei said the suspect is believed to have used a gun to kill six people and injure another two in six robberies that took place in Changsha, capital of Hunan Province, and Chongqing municipality since 2004.Firearm possession is illegal in China.
DOHA, Jan. 19 (Xinhua) -- Visiting Chinese Premier Wen Jiabao met here Wednesday with Qatari Emir Sheikh Hamad bin Khalifa al-Thani over bilateral ties.During the meeting, Wen said China-Qatar relations have seen rapid development although diplomatic ties between the two countries are young.Both countries have adhered to the principles of respecting each other and treating each other as equals, the premier noted.The Chinese and Qatari economies are highly complementary, and China is ready to work with Qatar to push bilateral political relations and pragmatic cooperation to higher levels from a strategic perspective, said Wen.Chinese Premier Wen Jiabao (L) meets with Sheikh Hamad bin Khalifa al Thani (R), the emir of Qatar, in Doha, capital of Qatar, Jan. 18, 2012.He said he has deeply felt the Arab people's friendship toward the Chinese people during his ongoing Gulf tour, which had taken him to Saudi Arabia and the United Arab Emirates before he arrived in Doha earlier Wednesday.The development of the China-Arab relations has a solid political foundation and enjoys extensive public support, Wen said, adding that both sides hope to intensify pragmatic cooperation so as to promote their socioeconomic development and bring tangible benefits to their peoples.The Chinese premier said he is confident in the future of the China-Arab relations.Noting that profound and complicated changes are taking place across West Asia and North Africa, Wen said China believes that countries in the region can solve their own problems by themselves.China supports the efforts made by Qatar and other Gulf nations in maintaining regional stability, he said, adding that the international community should play a constructive role in this regard and that China is ready to enhance communication and coordination with Qatar.The emir, for his part, said Wen's visit has yielded fruitful results and greatly improved bilateral relations.He said Qatar is committed to pushing forward friendly cooperation with China in various areas, carrying out Qatar-China cooperation projects and stepping up coordination and collaboration with China on regional and world affairs so as to lift the bilateral relations to higher levels.
SHANGHAI, Jan. 11 (Xinhua) -- The listed arm of China's biggest train maker, China South Locomotive and Rolling Stock Industry (Group) Corporation (CSR), has been allowed by regulatory authorities to raise 9 billion yuan (1.41 billion U.S. dollars) on the stock market, the company said Wednesday.The Hong Kong- and Shanghai- listed CSR Corp. Ltd. will sell 1.96 billion shares at 4.46 yuan apiece to select investors, it said. But CSR's parent -- state-owned CSR Group -- has agreed to buy no less than 6 billion yuan's worth of the shares, leaving the rest to institutional investors.CSR's net profit growth in the third quarter of 2011 plunged to 9.66 percent year-on-year from a high of 85.08 percent in the first half of 2011 as the country put the brakes on development of the railway sector after a deadly bullet train crash on July 23 that killed 40 people and injured 210 others.The decision to slow the development of high-speed rail lines has led to halts in construction of about 90 percent of ongoing railway projects, or 10,000 km of rail lines across the country, local media reported earlier.CSR is the maker of the bullet trains involved in last July's deadly collision. After the accident, the company's executives bought a combined 540,000 share in August, a move seen as an attempt to bolster battered stock prices.Analysts say the fundraising would help CSR greatly ease its financial burdens. The company earlier pledged to maintain profit growth and its dividend policy to boost investors' confidence.
BEIJING, Dec. 12 (Xinhuanet) -- For many multinational firms, the past 10 years in China have not only marked the rise of the world's second-largest economy but have also been a decade of expansion and profit growth.As they look back at this "golden decade", which is often used to describe the days after China entered the World Trade Organization (WTO) in 2001, their early expectations and ambitions in a more liberalized Chinese market were found to be more than fulfilled.When German auto giant BMW set foot on the Chinese mainland by establishing its first office in Beijing in 1994, its products were still far too luxurious for ordinary Chinese.In 2001, only 6,500 vehicles were sold under the BMW and Mini brands in China.NYK Diana, a container ship, anchors at Qingdao Port in East China's Shandong province on Thursday, as workers load cargo.But sales started to pick up with China's WTO entry, when the removal of trade barriers brought unprecedented economic growth and a booming market.In 2010, the vehicle maker, which started a joint venture with the domestic Brilliance China Automotive in 2003, sold 169,000 vehicles in China.That record is set to be broken this year as more than 170,000 cars were sold only in the first three quarters."We are both beneficiaries and firm supporters of the open market system," said Christoph Stark, president and CEO of BMW's Greater China region.By liberalizing its market, China, which celebrated the 10th anniversary of its WTO accession on Sunday, has become a thriving market and a savior for foreign enterprises hit hard by the global downturn.In 2009, when General Motors declared bankruptcy in the United States amid the global recession, its Chinese branch saw sales rise 66.9 percent year-on-year to more than 1.8 million units.In 2010, China overtook the United States to become GM's largest national market.The list of similar companies is extensive, as China's decade-long membership of the WTO has helped the Asian powerhouse attract 347,000 foreign firms with investment of more than 0 billion in the past 10 years.Chong Quan, deputy representative for China's international trade talks, said foreign enterprises made more than 0 billion in profit in the 10-year period, with an average annual increase of 30 percent."The accession to the WTO has made China a more transparent, safe and predictable market, as well as an essential part of the global economy," said Dominique Poulique, president of Alstom China.The French power engineering and train company, with more than 30 entities and about 10,000 employees in China, is one of the major foreign suppliers to the Chinese rail transport market."Rapid changes took place in China in the past decade, with its massive investment in infrastructure construction and notable development in energy," Poulique said.Wang Zhile, director of the research center of transnational cooperation under the Ministry of Commerce, said increasing shared interests between China and multinationals are putting them into an inseparable community, one that has found win-win solutions in the past decade.There is also high-quality labor at a relatively low cost, including white-collar workers, he added.Admittedly, the huge market and rich resources have powered up multinational firms in global competition, especially during and after the financial crisis.Forty-nine percent of the responding multinational companies had higher expectations for China in the wake of the global financial crisis in 2008 and 2009, according to a recent survey by the Economist Intelligence Unit, a business information arm of the Economist Group.Although showing signs of a slowdown, China's economy is still widely expected to grow by more than 8 percent next year, at a time when debt and financial instability are weakening growth in other leading economies.Poulique said he expected China's rapid growth to continue into the next decade, especially in the infrastructure construction market."For Alstom, the top task here is to keep adapting to the changing business environment," he said.Many foreign companies are moving research and development facilities to China in the hopes of making it a base for talent and technology.In Shanghai, 347 multinationals have set up regional headquarters, with the establishment of 333 foreign-funded research and development centers.