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TAIPEI, Feb. 22 (Xinhua) -- Taiwan leader Ma Ying-jeou said Monday that negotiating and signing a wide-ranging economic pact with the Chinese mainland was "absolutely necessary" and "needs to be done quickly."Ma made the remarks here when attending a gathering for Taiwan business people with business on the mainland. The gathering was held to mark Chinese Spring Festival by the island's Straits Exchange Foundation (SEF), an organization authorized to handle cross-Strait issues.The principle idea of the Economic Cooperation Framework Agreement (ECFA) was to "help people do business and raise Taiwan's competitiveness," Ma said in his 35-minutes-long speech. Zheng Lizhong (R), executive vice president of the Chinese mainland's Association for Relations Across the Taiwan Straits (ARATS), shakes hands with Kao Kung-lian, vice chairman and secretary general of Taiwan's Straits Exchange Foundation (SEF), during the first expert discussion in talks on the Economic Cooperation Framework Agreement (ECFA), an economic deal which is expected to boost the cross-Taiwan Straits economic ties, in Beijing, capital of China, Jan. 26, 2010.ECFA is a wide-ranging economic pact to further normalize trade and investment ties across the Taiwan Strait, which Ma hopes to sign with the mainland this year to help fuel Taiwan's economic revival.The Chinese mainland is Taiwan's biggest trade partner, with an annual trade volume exceeding 100 billion U.S. dollars for the last two years.Given the huge amount of trade, a systematic mechanism was needed to solve problems when they arose between the two sides, according to Ma.Signing ECFA would help create 260,000 jobs in Taiwan, Ma said citing a local research institution.He also urged efforts to help the general public to know more about ECFA, especially low-income residents, people who work in small and medium-sized enterprises and those living in central and southern Taiwan.ECFA negotiations have no fixed schedule. The only round of talks so far were held in Beijing on Jan. 26. The proposed agreement mainly includes reducing tariffs, guaranteeing investment and protecting intellectual property.Economic ties between the mainland and Taiwan have warmed in recent years, with direct air and sea transport links and postal services, as well as regular passenger charter flights connecting the island with the mainland.
SHANGHAI, Jan. 22 (Xinhua) -- China's top political advisor Jia Qinglin Friday asked Shanghai, the economic center of the country, to upgrade its growth pattern through technology innovation and environmental protection.In a working tour in Shanghai, Jia, chairman of the National Committee of the Chinese People's Political Consultative Conference, said the city should use the upcoming World Expo as a "historical chance" to readjust its growth model and strive for stable and relatively fast economic growth. Jia Qinglin (front), chairman of the National Committee of the Chinese People's Political Consultative Conference, inspects the control center of Yangtze River Bridge-tunnel in Shanghai municipality of east China, Jan. 22, 2010The city on Thursday held the 100-day countdown for the six-month-long mega event.Jia stressed the importance of industrial upgrading, brand marketing, research and development during visits to a shipbuilding factory of the China State Shipbuilding Corporation and the Shanghai Zhenhua Port Machinery Co. Ltd.. Jia Qinglin (front L), chairman of the National Committee of the Chinese People's Political Consultative Conference, inspects Shanghai Zhenhua Port Machinery Corp., in Shanghai municipality of east China, Jan. 22, 2010.

BEIJING, March 1 (Xinhua) -- Chinese government has decided to offer emergency humanitarian aid of 1 millon U.S. dollars to Chile to help relief work in areas hit by Saturday's earthquake, Yao Jian, spokesman of the Ministry of Commerce said Monday.China was preparing for disaster relief work and would continue to provide humanitarian aid to Chile according to need, said Yao.A massive 8.8-magnitude quake rocked Chile early Saturday, leaving at least 708 people dead and hundreds missing.
BEIJING, March 24 (Xinhua)-- China's Ministry of Finance (MOF) announced Wednesday it would issue a batch of ten-year book-entry treasury bonds with a total par value of 26 billion yuan (3.8 billion U.S. dollars) starting on Thursday.The batch is the 7th of its kind the MOF has issued this year. The issue of this batch of T-bonds ends on March 29, according to a statement on the MOF's official website.The bonds would be traded on the interbank bond market and securities bond market from March 31.The bonds have a fixed annual interest rate of 3.36 percent, with the interests to be paid every half year, on March 25 and Sept. 25, respectively, according to the statement.The last interest payments and principals would be paid back together on March 25, 2020, statement said. Book-entry bonds are the bonds recorded in the investors' securities accounts called book entries. They can be traded on the open market, and their market prices can deviate from par value.
来源:资阳报