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BEIJING, April 5  --The People's Bank of China says the country will be more open to foreign capital this year even though the prospect of a strong economic recovery is still unclear.Although the impending withdrawals of various countries' economic stimulus packages may also complicate the efforts to end the global economic crisis, the Chinese government has decided to increase the penetration of foreign capital into the country's financial industry in an appropriate way.An editorial in the "Global Times" quotes some western officials who said if China opened its market to western financial institutions the way it opened its market to five-star hotels, the potential risks would be huge for the country itself and the world at large.The editorial warns the doors to free trade should not swing open too quickly and that market openness should be managed at the right pace, as China has done during the past three decades. But it also notes that the stakes are higher in the country's financial industry. It argues that if China is fully open to foreign capital, the capital operation pattern common in developed economies such as the United States and several European nations will not suit its existing financial system on such short notice. As a result, chaos would erupt sooner or later in the financial sector.The editorial concludes that China should gradually liberalize its financial industry, because a sudden torrent of foreign capital would be undesirable. It calls for a prudent approach to financial liberalization that would yield a productive outcome as evidenced over the past three decades of gradual financial reform whereby more market competition has been encouraged and distressed loans have been effectively curbed. Such a policy has shielded China from being hit as severely by the current financial crisis and enabled it to rebound quicker than other advanced nations.

JERUSALEM, June 6 (Xinhua) -- Visiting Chinese special envoy on Middle East affairs Wu Sike held talks with Israeli Foreign Minister Avigdor Lieberman on Sunday, urging Israel and the Palestinians work together to push forward the Middle East peace process.Wu said the Middle East peace process is at a crucial moment now, as Israel and the Palestinians have entered indirect talks. China welcomes this concrete step, which broke the year-long deadlock in the peace process, and hopes that the two sides seize this opportunity to reach real progress, he said.China sees significance of mutual trust and flexibility in the talks, and asks Israel and the Palestinians to treat the negotiations seriously and put good faiths in them, stopping provocations and creating favorable conditions for fruitful talks. Israeli Foreign Minister Avigdor Lieberman (R) meets with Wu Sike, China's Special Envoy on the Middle East, in Jerusalem, June 6, 2010.As to the recent Gaza aid flotilla incident, which caused several casualties, Wu told Lieberman that China hopes Israel carry out UN resolutions in a comprehensive and serious manner, and lift the blockade on the Gaza Strip.China, as a permanent member of the UN Security Council, will communicate and coordinate with all concerned parties, including Israel, to play a constructive role in promoting the Middle East peace process, Wu said.For his part, Lieberman said Israel is willing to work with the Palestinians to push the proximity talks into direct negotiations, and reach concrete results from them.Israel is satisfied with the development of Israeli-Chinese relationship and appreciates the active role China is playing on the Middle East affairs, said the foreign minister, adding that he hopes both countries will keep close contact with each other and deepen the bilateral relations.

KIEV, May 19 (Xinhua) -- Ukrainian President Viktor Yanukovych met Chinese Foreign Minister Yang Jiechi here on Wednesday to discuss bilateral ties.Yanukovych said that China is Ukraine's good friend and reliable partner for cooperation.Ukraine puts much emphasis on Ukraine-China partnership, the president said, stressing the relationship with China is a priority of Ukraine's foreign policy.Yanukovych noted that during his talks with Chinese President Hu Jintao on the sidelines of the Nuclear Security Summit in Washington in April, the two sides reached important consensus that provided guidance for the future development of bilateral relations."Ukraine is ready to enhance cooperation with China in fields of aviation, aerospace, technology, agriculture, infrastructure construction and other spheres," he said. Ukraine's President Viktor Yanukovych (L) shakes hands with Chinaese Foreign Minister Yang Jiechi in Kiev, capital of Ukraine, May 19, 2010. He also said Ukraine will as always keep promoting the friendly cooperation with China, continue to firmly stick to the one-China policy, and make further efforts for the development of the relationship between the two countries."It's time to upgrade our ties to a strategic level," Yanukovych stressed.Yang, on a two-day official visit to Ukraine, said the Sino- Ukrainian relations have solid political, material, and social foundations."China always cherishes the traditional friendship between the two nations and is willing to work with Ukraine to broaden channels of cooperation so as to push the bilateral relationship to a new level," he said."The Chinese side understands and respects the choice of the Ukrainian people for its road of development, as well as Ukraine's domestic and foreign policies," Yang added.He noted that China is willing to work with the Ukrainian side to further strengthen the comprehensive friendly cooperation and enrich bilateral ties with strategic connotations.On the same day, Yang also met with Ukraine's parliament speaker Volodymyr Lytvyn and Ukrainian Prime Minister Mykola Azarov on bilateral cooperation and relations.

BEIJING, April 8 (Xinhua) -- Top Chinese legislator Wu Bangguo met here Thursday with President of Malaysian Senate Wong Foon Meng, vowing to enhance parliamentary exchanges.Wu, chairman of the Standing Committee of the National People's Congress (NPC), said China and Malaysia were close neighbors, and the bilateral ties had further developed since the two countries forged the strategic and cooperative partnership in 2004.The two countries had strengthened political trust, economic and trade cooperation, personnel exchanges, and coordination in international and regional affairs, he said.Malaysia is a member of the Association of the Southeast Asian Nations(ASEAN) and forged diplomatic ties with China in 1974."Expanding relations with Malaysia is in the interest of the two peoples and conducive to regional peace and prosperity, and will push forward the cooperation between China and the ASEAN," Wu said.He noted the NPC had maintained sound relations with the Malaysian parliament, but still closer cooperation and exchanges in different forms were needed.Wong Foon Meng voiced his hope to promote exchanges between the parliament members of the two countries.Wang Zhaoguo, vice chairman of the NPC Standing Committee, also met with Wong Foon Meng Thursday afternoon.

BEIJING, May 7 (Xinhua) -- China's policy of actively attracting foreign investment will not change, said vice minister of commerce Ma Xiuhong Friday.The Ministry of Commerce will keep working to maintain a good investment environment for foreign companies, said Ma during a discussion with multinational firms."The ministry will strengthen its communication with multinational corporations and foreign enterprises," she said.China could provide new opportunities for foreign investors as the country is in a process of modernization, urbanization and transformation of its economic development pattern, said Ma.She hoped that while achieving their own development goals, foreign enterprises could play a larger role in China's pursuit of scientific innovation, industrial upgrading, and more balanced regional economic development.Representatives from 64 multinational corporations and four foreign chambers of commerce participated in the discussion. They were joined by officials from a number of Chinese government departments, including the Ministry of Finance and Ministry of Industry and Information.Foreign direct investment to China increased 7.7 percent year on year to 23.44 billion U.S. dollars in the first quarter.

来源：资阳报