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CANBERRA, June 21 (Xinhua) -- Visiting Chinese Vice President Xi Jinping and Australian Prime Minister Kevin Rudd hailed here on Monday the relationship between China and Australia, calling for more measures to boost bilateral ties.During the talks between the two leaders in the Parliament House in Canberra, Xi said the bilateral comprehensive cooperative relationship has set "an example" for countries with different political systems, cultural traditions and development stages to seek harmonious relationship and common development.The vice president said the economic complementarity and comprehensive trade and economic cooperation between China and Australia has become an inner impetus driving the advancement of the China-Australia relations at large." hspace="0" src="/d/file/p/2010/06/ec034940ce384971bd7a9d7d0aebf84d.jpg" border="0" />Visiting Chinese Vice President Xi Jinping (R) holds talks with Australian Prime Minister Kevin Rudd in Canberra, capital of Australia, June 21, 2010. He cited that the trade volume between China and Australia still kept growth last year despite worldwide financial crisis.The two-way investment and the expansion of cooperation fields signals that the China-Australia trade and economic cooperation is moving towards a comprehensive, multi-levelled and diversified approach, he said."This is a good blessing for both Chinese and Australian peoples, and it is also a vital element to promoting the balanced development of world economy and sustainable development," Xi said.

BEIJING, June 11 (Xinhua) -- Chinese equities rose slightly Friday after the release of strong May economic data but concerns over policy tightening and other uncertainties left market participants cautious.China's consumer price index (CPI), the main gauge of inflation, increased in May by 3.1 percent from a year ago, the highest rate of increase since November 2008, according to figures released by the National Bureau of Statistics (NBS).The NBS data showed that growth in factory production and investment continued to slow while retail sales, the main gauge of consumer spending, grew 18.7 percent in May year on year from 18.5 percent in April.Affected by slower industrial output growth and higher-than-expected CPI data, the Shanghai Composite Index initially rose but fell in the afternoon to close at 2,569.94 points, up 0.29 percent, or 7.36 points, from the previous close.The Shenzhen Component Index rose 17.11 points, or 0.17 percent, to end at 10,239.33.Total turnover shrank to 152.66 billion yuan (22.35 billion U.S. dollars) from 167.53 billion yuan the previous trading day.Losers outnumbered gainers by 488 to 359 in Shanghai and 572 to 368 in Shenzhen.Analysts believe the slower growth in industrial output was due to recent tightening measures and that the market has turned cautious as the May CPI figure outpaced the 3-percent ceiling the government has set for this year.Lu Ting, China economist at Bank of America-Merrill Lynch, said China's rising inflation may be interpreted negatively by markets.However, according to Yu Yang, an analyst at Galaxy Securities, the CPI is still "under control" and there is little possibility for a rate hike.Analysts also pointed out the decreased turnover volume reflected the fact some investors have taken a wait-and-see attitude ahead of next week's holidays.Chinese markets will be closed from Saturday to Wednesday for the traditional Dragon Boat Festival Holiday.Coal shares led the rise with a 1.8 percent gain as the May producer price index (PPI), a major measure of inflation at the wholesale level, rose 7.1 percent year on year, outpacing the CPI growth.China Shenhua Energy Co., the country's biggest coal producer, climbed 0.78 percent to 23.35 yuan.

PARIS, July 7 (Xinhua) -- Top Chinese legislator Wu Bangguo and French Prime Minister Francois Fillon agreed on Wednesday that China and France should further consolidate bilateral ties and expand economic cooperation.During a meeting held at Fillon's office, Fillon said Wu's visit will strengthen the traditional friendship between Paris and Beijing and promote the Sino-French comprehensive strategic partnership to a new stage.Wu, who is conducting an eight-day official goodwill visit to France, said China and France share common interests in many areas. It is in the interest of both people to further develop the bilateral cooperation.Wu Bangguo (L), chairman of the Standing Committee of China's National People's Congress, the country's top legislature, meets with French Prime Minister Francois Fillon in Paris, July 7, 2010.The Chinese and French economies are highly complementary and have great potential for more bilateral cooperation, said Wu, Chairman of the Standing Committee of China's National People's Congress (NPC).China is willing to build a long-term and sustainable economic partnership with France, he added.Fillon said the French government encourages French enterprises to expand cooperation with China in environmental-protection, agriculture and finance sector. France and China have common interests in accelerating the recovery of world economy and coping with global issues. France gives high priority to the development of Sino-French ties.The two sides also achieved consensus on working together to boost exchange and cooperation between China and the European Union.

BEIJING, July 9 (Xinhua) -- Chinese spent less in June amid surging commodities prices and floods in many of the country's southern provinces, according to the latest reading of an index that gauges consumer confidence on Friday.The Bankcard Consumer Confidence Index (BCCI), compiled by the Xinhua News Agency and the national bank card association China UnionPay, slid to 86.30 in June, down 0.09 points from May.Compared with the same period last year, the June BCCI figure was 0.24 points higher. The index hit a record high of 86.89 in March.The reading in June indicated Chinese bank card spending was affected by surging commodities prices and the floods in southern China.Consumers also turned more conservative in spending due to sluggish performances of domestic stock markets and property markets in June.China's month-on-month economic growth rate is likely to have slowed in June given signs that electricity demand declined remarkably that month and the Purchasing Managers' Index (PMI) for China's manufacturing sector dipped 1.8 percentage points for two months in a run to 52.1 percent in June.Xinhua and UnionPay jointly started compiling the BCCI index in April 2009 based on bank card transaction data and analysis of structural changes in urban consumption. 

XINING, June 20 (Xinhua) -- Chinese Vice Premier Hui Liangyu said Sunday the government would soon implement the reconstruction plan for quake-hit Yushu in northwest China's Qinghai Province.Hui made the remarks at a meeting of the State Council's earthquake relief and disaster control headquarters held Sunday in Xining, capital of Qinghai, according a statement released after the meeting."We must strive to accomplish major reconstruction tasks in three years in a coordinated and scientific way and in accordance with the law," Hui said.Yushu was hit by a 7.1-magnitude quake April 14, with more than 2,200 people being killed and thousands of homes being flattened.The State Council approved the reconstruction plan for Yushu prefecture on June 14.Chinese Vice Premier Hui Liangyu (C) speaks at the reconstruction meeting for the quake-hit Yushu of northwest China's Qinghai Province, in Xining, northwest China's Qinghai Province, June 20, 2010. Hui Liangyu urged local government to pay more attention to improve people's living conditions during reconstruction in the quake-hit Yushu.Hui said the reconstruction must be carried out strictly according to the plan, while calling for a timely allocation of sufficient government funds.He called on builders, mainly from other parts of China, to aid the reconstruction efforts.Under the approved plan, reconstruction in the quake zone will be mainly funded by the central government.Related central ministries and departments must step up supervision and inspection to ensure no violations of regulations occur, Hui said.According to Hui, the State Council had decided to replace the quake relief and disaster control headquarters, set up one day after the Yushu quake, with a new office which will be charged with coordinating and guiding the reconstruction.The new office will be led by Zhang Ping, chairman of the National Development and Reform Commission.