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BEIJING, Sept. 3 (Xinhua) -- China and Ukraine have agreed to boost economic and parliamentary cooperation after their leaders met in Beijing.Top Chinese legislator Wu Bangguo and Premier Wen Jiabao met with visiting Ukrainian President Viktor Yanukovych Friday."The pressing task is to identify major projects for cooperation and give full play to business, research and financial institutes," said Wen.Wu Bangguo (R), chairman of the Standing Committee of China's National People's Congress, the country's top legislature, meets with Ukrainian President Viktor Yanukovich (L) in Beijing, capital of China, Sept. 3, 2010."By doing so, we will make headway in economic and technological cooperation and promote economic recovery and sustainable growth," he said.Yanukovych said his country hopes to fully utilize the cooperation committee at the vice-premier level they agreed upon to establish advanced cooperation in various fields.During his meeting with Wu, chairman of the Standing Committee of China's National People's Congress (NPC), Yanukovych discussed parliamentary exchange between the two countries."The documents signed between the two countries, including the joint statement, show the political willingness to boost parliamentary exchange," Yanukovych said.China hopes to enhance communication between parliamentary leaders and committees in legislature, supervision, trade and culture, Wu said.Yanukovych praised China's efforts maintaining reform, development and stability, saying his country looks forward to further discussions with China on governance.Yanukovych arrived in Beijing Thursday for a four-day state visit and has so far witnessed the signing of a joint statement to upgrade friendly cooperative relations in a comprehensive way.According to an agreement signed by the two sides, Chinese companies will undertake the construction of a 950-million-U.S.-dollar city rail line in Kiev, the capital city of Ukraine.Yanukovych will fly to Shanghai Saturday to attend the 2010 World Expo.
GUIYANG, Sept. 1 (Xinhua) -- China Wednesday called for the European Union to have a balanced, objective, comprehensive understanding of the world's largest developing country during an upgraded strategic dialogue held in the underdeveloped province of Guizhou.State Councilor Dai Bingguo told the EU side that despite rapid economic growth, China has no possibility to be arrogant, nor is it pretending to be a richer or poorer country than it actually is, with unfathomable strategic intentions, according to Vice Foreign Minister Fu Ying."China expects the EU to treat itself as an equal," Dai was quoted by Fu as telling EU High Representative for Foreign Affairs and Security Policy Catherine Ashton.The meeting was the fifth strategic dialogue between the two sides and the first since it was upgraded from vice foreign-minister level to its current level.China had made remarkable achievements since its reform and opening up to the outside, but it is still a developing country, Dai said.China has a clear understanding of its position in the international arena and its current level of development, Dai said, adding it will focus on economic development in the long run.China has not been, nor is, nor will be in the pursuit of hegemony, but adheres to the path of peaceful development, Dai said.China needs a peaceful international environment for development and its development will promote global peace and development, he said.Ashton echoed Dai, saying that the European Union should have a comprehensive understanding of China.The EU's view of China's development was one topic of the one-day closed-door meeting."It is one major aim of this strategic dialogue to enhance mutual understanding between China and the European Union. Both sides have a strong will to better understand each other and promote political mutual trust, so as to promote bilateral cooperation," said Chinese Vice Foreign Minister Fu Ying in an interview with Xinhua.The two sides also discussed the international situation and the development of the China-EU relationship.On the international situation, China urged all countries to join hands to cope with global challenges.On China-EU relations, China said it supports EU integration. The two sides should strengthen political dialogue, enhance strategic mutual trust, expand cooperation, properly handle sensitive issues and have more people-to-people exchanges, so as to promote a strategic partnership of cooperation.

WASHINGTON, Oct. 6 (Xinhua) -- China's growth is projected to average 10.5 percent in 2010 and 9.6 percent in 2011, driven by domestic demand, the International Monetary Fund (IMF) said in a report Wednesday.The Washington-based international lending agency made the projection for the annual fall meetings this weekend of the 187-nation IMF and its sister lending organization, the World Bank."The slight moderation in recent activity is expected to continue through 2011 in light of tighter quantitative limits on credit growth, measures to cool off the property market and limit bank exposure to this, and the planned unwinding of fiscal stimulus in 2011," the IMF said in its report.The report said this year's sustained growth in retail sales and industrial production confirms that private sector activity has advanced beyond the lift from government stimulus."On average over 2010-11, private domestic demand is poised to contribute two-thirds of near term growth, and government activity about one third, whereas the contribution from net exports will be close to zero," the report said.Despite the robustness in domestic demand, the pickup in inflation in 2010 reflected mainly higher food prices rather than core inflation, the report said.The report said China's increasingly wide trading network is driving growth in numerous economies, especially commodity exporters.The report said Asia's medium-term growth depends on the rebalancing of drivers of growth -- greater reliance should be put on domestic markets instead of foreign demand.The report said such a rebalancing in China, the world's second largest economy, is critical to enhance the role of household consumption in domestic growth.The report also recommended that China implement reforms to health care, education, and pension systems to enhance the social safety net.
BEIJING, Oct. 25 (Xinhua) -- China and Africa celebrated the tenth anniversary of the Forum on China-Africa Cooperation (FOCAC) in Beijing Monday, outlining future efforts for greater development of the new type of strategic partnership.Addressing a reception marking the anniversary, Jia Qinglin, top Chinese political advisor, thanked all those who have contributed to the development of FOCAC, a platform for dialogue and pragmatic cooperation between China and Africa launched in October 2000.Hailing the establishment of the forum as a strategic decision by Chinese and African leaders, Jia, chairman of the National Committee of the Chinese People's Political Consultative Conference, said the mechanism of the forum has gradually improved and borne growing significance over the last decade.China and Africa have enjoyed increasingly frequent high-level exchanges, mutual political trust and trade relations. "China and Africa have come closer together. Our links have become stronger and our friendship has grown deeper. The relationship is now at a new historical starting point," said Jia.Jia mentioned the recently concluded fifth plenary session of the 17th Central Committee of the Communist Party of China (CPC), which reviewed and adopted the proposal for formulating the 12th five-year plan on national economic and social development.
XIAMEN, Sept. 7 (Xinhua) -- The Second World Investment Forum (WIF), seeking to offer insights on the balance between investment and sustainable development, opened Tuesday in Xiamen, in southeast China's Fujian Province.With the theme "Investment for Sustainable Development," the forum is organized by the United Nations Conference on Trade and Development (UNCTAD) and has attracted more than 1,500 overseas investors, policymakers and international organization representatives."International investment is high on the agenda of global policy-making," United Nations Secretary-General Ban Ki-Moon said in a video message to the forum.Despite the recovery of worldwide capital flows since the downturn in 2009, Ban said, the recovery remained fragile and the consequences of climate change were "increasingly clear.""We must work together to advance responsible investment and corporate sustainability," said Ban.He urged governments and businesses to make investments that better stimulated economic activity while promoting energy efficiency and green technology.He stressed the critical role of private investment in the spread of environment friendly practices and in reaching the UN's Millennium Development Goals (MDGs).Established in 2000, the MDGs are eight development goals to be achieved by 2015. Agreed to by UN member states, the goals include time-bound targets for reducing extreme poverty and child mortality rates, fighting disease epidemics, promoting gender equality, education and environmental sustainability.The forum participants include World Trade Organization Director-General Pascal Lamy and senior officials from many countries.The high-profile list "demonstrates the importance that international investment has gained as an engine of growth and development," UNCTAD Secretary-General Supachai Panitchpakdi said at the opening ceremony.The four-day forum would examine the challenges and opportunities for global investment in the post-crisis economy.He urged "a new generation of investment policies" to promote a transformation towards a low carbon economy.The forum also features presentations from countries showcasing climate change-related investment projects.Energy and drilling companies and engineering firms from Iceland will also attend the event to contribute their experience on the use of clean energy."The abundance of clean energy is the main reason why Iceland is... an attractive investment location for foreign companies," said Olafur Ragnar Grimsson, President of Iceland.Iceland had based all its electricity production and space heating on clean energy.However, Grimsson recalled that before the 1970s, more than 80 percent of energy in Iceland came from imported coal and oil."The climate crisis is primarily a call for a fundamental energy revolution, a comprehensive transformation from fossil fuel to green energy sources such as solar, wind, geothermal, hydro and biomass sources," he said.Chinese Vice President Xi Jinping delivered a keynote speech at the opening ceremony.The three-day forum will include conferences on the impact of investment on sustainable development; how stock exchanges can promote sustainable business practices; and the need for a recognized set of principles for borrowers and lenders that promotes sustainable debt and credit conditions.Also included is a ministerial round table that will address investment policy coherence in the post-crisis environment.
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