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TASHKENT, May 3 (Xinhua) -- Regional financial cooperation in East Asia has made active progress over the past year, Chinese Finance Minister Xie Xuren said after meeting with his counterparts from countries in the region.In particular, achievements were made in establishing the regional multilateral financial assistance mechanism and in promoting an Asian bond market, Xie told Xinhua on Sunday after attending the finance ministers' meeting of the Association of Southeast Asian Nations, plus China, Japan and South Korea (ASEAN+3) here.Xie said all parties concerned reached further consensus on basic parameters of a regional economic surveillance unit at the meeting.Uzbek President Islam Karimov(L) shakes hands with Chinese Finance Minister Xie Xuren in Tashkent, capital of Uzbekstan, May 3, 2010. The unit is responsible for monitoring the countries' economic and financial situations and providing advices for the regional foreign currency reserve pool, known as Chiang Mai Initiative Multilateralization (CMIM) that formally came into effect on March 24, 2010.The ASEAN+3 meeting also announced the setting up of a regional credit guarantee and investment fund with an initial grant of 700 million U.S. dollars, in an effort to promote the issuance of bond in domestic currencies within the region, Xie said.The finance ministers also agreed to create a working group to discuss future strategic fields for regional financial cooperation.

BEIJING, April 21 (Xinhua) -- Yu Zaiqing, vice president of the Chinese Olympic Committee (COC), on Wednesday paid tribute to the late former International Olympic Committee chief Juan Antonio Samaranch, naming him "an old friend of the Chinese people."Yu said in a statement, "Samaranch is an old friend of the Chinese people. He had always hoped that China could host an Olympic Games. And his wish was finally realized in 2008. The Chinese people thank him."Yu, who is also an International Olympic Committee vice president, added, "We want to express our deep condolences to the death of Mr. Samaranch. He has made tremendous contributions to the Olympic movement."He Zhenliang, the Honorary President of the COC and one of China's most famous sports figure, was deeply saddened by the death of Samaranch, whom he worked with for 20 years since he was elected to the IOC in 1981."The Olympic Movement lost a great leader, China lost a close friend and I lost a very close friend and an old brother," said the 80-year-old He.It was during Samaranch's reign that China returned to the Olympics in 1984 after a 32-year absence. And awarding the 2008 Olympics to Beijing was widely regarded as one of Samaranch's final legacies at the end of his Olympic reign in 2001."Samaranch has made great efforts to help China regain the positions in IOC and other international sports organizations. He also made great efforts to support China to have a bigger say in the international sports arena," He said."We can never forget President Samaranch's help in Beijing's successful bid and the exceptional success of the 2008 Olympic Games. When the preparations for the Beijing Olympics was disturbed by some political factors, he always firmly stood behind us," He told Xinhua in a telephone interview.Samaranch died in a hospital in Barcelona on Wednesday at 89. He was IOC chief between 1980-2001.One of his last public appearances was on March 4 this year when was awarded Hispano-Chinese Foundation prize for his time as President of the Hispano-Chinese Forum, which he had led since November 2001.

BEIJING, April 16 (Xinhua) -- China's top legislature will convene its bimonthly session from April 26-29 and review draft amendments to the State Secrets Law and the State Compensation Law.The decision was made Friday at a meeting of the Council of Chairmen of the National People's Congress Standing Committee, presided over by top legislator Wu Bangguo.The draft amendment to the State Secrets Law, which will undergo its third reading during the upcoming legislative meeting, aims to boost citizens' awareness of the importance of safeguarding state secrets.The draft amendment to the State Compensation Law, which will be submitted for its fourth reading, aims to better defend people's rights from being violated by the state. It is also hoped to cover the protection of detainees' rights following a series of deaths in the country's detention houses.The session will also deliberate, for the second time, on a draft law on protection of oil and natural gas pipelines, according to a statement issued by the council.The statement said a treaty on explosives left over from war and a Sino-Indonesian extradition treaty, both submitted by the State Council, or Cabinet, are expected to be ratified at the session.Lawmakers will also discuss Cabinet reports on protection of migrant workers' rights, the development of the cultural industry, strengthening road safety management, the implementation of a law protecting Taiwan compatriots' investment, as well as a motion regarding appointments and dismissals.At Friday's meeting, members of the Council of Chairmen expressed their condolences to victims of a deadly earthquake that hit Yushu Tibetan Autonomous Prefecture in northwest China's Qinghai Province early Wednesday.They also paid tribute to rescuers from the People's Liberation Army, armed police, among others at the forefront of quake relief.

BEIJING, April 12 -- China has made significant efforts to pursue energy and resource efficiencies to achieve sustainable development, while the nation still faces challenges in the transition to a low-carbon economy and needs integrated solution systems."China is already a world leader in critical low-carbon technologies such as solar power, heat and wind turbines, however, it should do more in some key areas, including energy systems, transport, water and food supply during the transformation," said Bjorn Stigson, president of the World Business Council for Sustainable Development (WBCSD), a coalition of some 200 companies dealing exclusively with business and sustainable development.ChallengesChanging energy use is the biggest of China's challenges when transforming to a green economy. "Less oil, more renewable energy; less coal, more electricity," said Stigson, adding that China's explosive industrial development has placed great pressure on the consumption of energy and other resources.The large share of coal in China's energy mix is one reason why greenhouse gas emissions have climbed so sharply in recent years, though the government has invested heavily in the recycled energy sector."It (China) added more new wind power capacity than any other country last year and progress is on track for nearly 40 million households to use biogas by 2010," he said.Stigson indicated that driving up the efficiency of older power stations is a key part of the solution so far, as are opportunities to switch to natural gas and upgrade the transmission grid - but a rapid increase in the share of renewable energy and nuclear power in the coming decades will be essential.He added that another benefit of the change is that China can soon become a new energy products and services exporter in the near future.Transportation is another pillar as the transport sector is the largest and fastest-growing global emitter of CO2. Currently, about 70 percent of China's energy is used by industry, and only about 10 percent as fuel for its transportation needs, but car ownership is growing daily in China, and energy consumption and emissions are likely to increase significantly in the coming years."Fortunately, the government has put fuel efficiency limits on cars, which are tougher than those in the United States, but more is needed to promote hybrid and electric cars," said StigsonWater is also crucial, which was highlighted by the current severe drought in southwestern China. Increasing the efficiency of water resources is a tough task for China.In addition, food supply cannot be ignored. As a food security measure, China's 11th Five Year Plan (2006-10) set a minimum land area of 122 million hectares for grain production in China by 2020. Keeping above this level is an increasingly difficult challenge, given the impact of climate change and rapid urbanization in China."Further improving water and land management practice will be key to maximizing potentials and minimizing the impact on the environment, but this is a significant challenge," said Stigson.

ULAN BATOR, June 2 (Xinhua) -- Visiting Chinese Premier Wen Jiabao and Mongolian President Tsakhia Elbegdorj vowed to boost bilateral ties and cooperation during a meeting here Wednesday.Wen said China and Mongolia share a long borderline, which has become a bond of common interests and friendly cooperation."A good bilateral relationship not only serves the fundamental interests of the two peoples, but also can contribute to peace, stability and common development in the region," he said.The Chinese premier said China takes a strategic and long-term perspective when developing relations with Mongolia, adding Mongolia is a priority in diplomacy toward its neighbors."I have reached many important agreements with (Mongolian) Prime Minister Sukhbaataryn Batbold on keeping exchanges of top-level visits, expanding cooperation in areas such as natural resources, energy, infrastructure and agriculture, and promoting cultural exchanges," Wen said.He pledged China is willing to work with Mongolia to promote bilateral exchanges and cooperation in various fields and to bring the two peoples, especially the youths, closer to each other to ensure the steady development of the two countries' good-neighborly partnership of mutual trust in the long run.Elbegdorj said Mongolia and China are good neighbors and Mongolia is committed to strengthening the friendly relations of cooperation with China.The economies of Mongolia and China, with different advantages, are highly complementary, he said, adding he hopes the two sides can expand pragmatic cooperation for mutual benefits.Premier Wen also delivered a speech on Wednesday at the opening of the Sino-Mongolian Economic and Trade Cooperation Forum.In his speech, Wen made four proposals on further boosting bilateral economic and trade cooperation.First, to boost investment in mineral resources development and infrastructure construction. Funds and technological support will be provided for this endeavor.Both nations should push for the completion of a number of major projects at early dates to contribute to the comprehensive enhancement of bilateral ties, he said.China is willing to strengthen cooperation with Mongolia in such fields as energy, railway, highway, port and telecommunications. China is also ready to work with Mongolia to extend bilateral cooperation to such fields as environment, logistics, tourism, science and technology, he said.Second, China supports its enterprises to import more farm and animal husbandry products from Mongolia and encourage them to invest in projects that create more jobs and improve the livelihood of local residents.China is willing to increase economic aid to Mongolia and intensify support for Mongolia's farming industry, education and health sectors as well as poverty reduction efforts, said the Chinese premier.Third, both sides should make specific efforts to implement the medium-term development outline for Sino-Mongolian economic and trade cooperation and continue to strengthen research on strategic issues.Fourth, China and Mongolia should further strengthen their ties within such multilateral cooperation frameworks as Northeast Asia economic and trade cooperation, the Shanghai Cooperation Organization and the Asia-Europe Meeting, and boost cooperation in trade, investment, logistic and technology within a number of sub-regional cooperation frameworks.Wen arrived in Ulan Bator on Tuesday for a two-day official visit to Mongolia, which is the third leg of his four-nation Asian tour. He has visited South Korea and Japan and will also travel to Myanmar.