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BEIJING, Oct. 23 (Xinhua) -- China hopes the United States can take active steps to eliminate discriminatory measures towards Chinese poultry products, said Yao Jian, spokesman of China's Ministry of Commerce, on Friday.     Yao made the remarks in a comment on the ministry's official website on the 2010 Agriculture Appropriations Bill, which has modified the stance towards Chinese poultry imports, compared to that in the Omnibus Appropriations Act 2009.     "We welcome the changes," Yao said.     He pointed out, however, there are still restrictions against Chinese poultry products in the new bill.     "China is evaluating whether the restrictions are totally in line with the non-discrimination principle of the World Trade Organization and other relevant regulations," Yao said.     "China's poultry products are safe and reliable... We hope the United States can stand on the footing of maintaining mutual benefit in China-U.S. trade and take active steps to eliminate discriminatory measures and normalize bilateral poultry trade at an early date," Yao said.     Yao hoped that the U.S. could modify relevant regulations to resume poultry imports from China.     The U.S. House of Representatives passed the 410-billion-U.S.-dollar Omnibus Appropriations Act 2009 in February, which said "none of the funds made available in this Actmay be used to establish or implement a rule allowing poultry products to be imported into the United States from the People's Republic of China."

SHANGHAI, Nov. 16 (Xinhua) -- Shanghai Party chief Yu Zhengsheng met visiting U.S. President Barack Obama Monday, the second day of his China trip.     Shanghai played an important role in the history of Sino-U.S. relations. The signing of the Shanghai Communiqué in 1972 marked the normalization of the bilateral ties, said Yu, member of the Political Bureau of the Communist Party of China (CPC) Central Committee and secretary of the CPC Shanghai Municipal Committee.     Yu said Obama's visit would be conducive to the dialogue, communication and cooperation between the two countries.     Yu expressed the hope to strengthen cooperation with the U.S. on advanced manufacturing industry, modern service industry and green economy. U.S. President Barack Obama(L1) meets with Yu Zhengsheng(R1), member of the Political Bureau of the Communist Party of China (CPC) Central Committee and secretary of the CPC Shanghai Municipal Committee, at the Xijiao State Guest House in Shanghai, Nov. 16, 2009Obama said he was impressed with Shanghai's rapid development and hoped to enhance cooperation on the sectors of finance, trade and clean energy. He also wanted to promote the communication between Shanghai and its two friendly cities Chicago and San Francisco.     Obama left Shanghai for Beijing Monday afternoon after having a dialogue with Chinese students.     Obama arrived in Shanghai Sunday night to start a four-day state visit to China. This is his first China tour since taking office in January.

COPENHAGEN, Dec. 17 (Xinhua) -- Chinese Premier Wen Jiabao said on Thursday that China is not obliged to subject its voluntary climate action to international monitoring.     Wen made the remarks when meeting with some world leaders on the sidelines of the ongoing UN climate change conference in the Danish capital, Chinese Vice Foreign Minister He Yafei told reporters. The Bali Action Plan has clear stipulations regarding whether a country's mitigation action should be subject to international scrutiny, He Yafei quoted Wen as saying.     "For developing countries, only those mitigation actions supported internationally will be subject to the MRV. The voluntary mitigation actions should not be subject to international MRV," Wen said, referring to the scheme requiring national mitigation action to be "measurable, reportable and verifiable." Chinese Premier Wen Jiabao (3rd, R) poses for a group photo with President of the Maldvies Mohammed Nasheed (3rd, L), Bangladeshi Prime Minister Sheikh Hasina (2nd, L), Ethiopian Prime Minister Meles Zenawi (2nd, R), Grenadian Prime Minister Tillman Thomas (1st, R) and Sudanese Presidential Assistant Nafie Ali Nafie (1st, L) ahead of their meeting in Copenhagen, capital of Denmark, on Dec. 17, 2009.    Negotiators from more than 190 countries are running against time on Thursday to wrap up the 11-day talks, hoping to seal a deal to move forward the global fight against climate change before world leaders meet on Friday.     The Bali Action Plan, adopted by both developed and developing countries in 2007, lays down the basis for the current negotiations.     Disregarding what they have agreed, developed countries are trying to press China to accept international monitoring of its national mitigation action.     The United States said on Thursday it was prepared to join other rich countries in raising 100 billion U.S. dollars annually by 2020 to help developing countries combat climate change, but set a condition that emerging countries including China should accept international monitoring of its mitigation action. Chinese Premier Wen Jiabao (R) shakes hands with German Chancellor Angela Merkel in Copenhagen, Denmark, Dec. 17, 2009Wen said China's refusal of international monitoring does not mean the country is afraid of supervision.     "It is a matter of principle, the principle of common but differentiated responsibilities," Wen said.     As the climate change negotiations dragged on, Wen said the important thing is to take action.     "A dozen declarations are not worth one action, meaning action speaks louder than declaration," the premier said, calling for mutual trust.     "Mutual trust is extremely important. We should not go for suspicion. We should not go for confrontation. We should go for cooperation," he said. Chinese Premier Wen Jiabao (R) shakes hands with British Prime Minister Gordon Brown in Copenhagen, Denmark, Dec. 17, 2009Wen said China will take necessary domestic measures to ensure full transparency and implementation of its national mitigation action.     "As Premier Wen has decided, the mitigation action we have set for China will be fully guaranteed legally, domestically," He Yafei said. "There would be a monitoring and verification regime inside China, which is legally binding in China."     The Chinese government recently announced a plan to reduce the per unit of GDP energy consumption by 20 percent till 2010, and it is poised to put the target into its national social and economic development plan.     Wen said China would also consider dialogue and cooperation with other countries, warning there should be no infringement on China's sovereignty.     "We promise to make our action transparent. We promise the implementation of action," Wen said. 

BEIJING, Oct. 28 (Xinhua) -- Chinese Vice President Xi Jinping on Wednesday called for efforts to carry on patriotism and spirit of selfless devotion for the advancement of the country's modernization drive.     Xi made the call at a seminar to mark the 120th anniversary of the birth of Li Dazhao, a founder of the Communist Party of China(CPC). Chinese Vice President Xi Jinping (R) shakes hands with a relative of Li Dazhao in Beijing, Oct. 28, 2009. A conference was held Wednesday to commemorate the 120th anniversary of the birth of Li Dazhao(1889-1927), one of the main founders of the Communist Party of China (CPC). Xi called Li a forerunner of the CPC movement, a great Marxist and an outstanding proletarian revolutionist.     Born on Oct. 29, 1889, Li was a Chinese intellectual and one of the leaders of the anti-imperialism "May Fourth Movement" in 1919.He was captured by a warlord in 1927 and then executed. Photo taken on Oct. 28, 2009 shows a scene at a conference to commemorate the 120th anniversary of the birth of Li Dazhao(1889-1927), one of the main founders of the Communist Party of China (CPC).

BEIJING, Jan. 4 -- China International Capital Corp (CICC) topped the rankings of the underwriters of China's initial public offerings (IPOs) in 2009, making an estimated 1.23 billion yuan from fees, Bloomberg data showed.     The earning of the country's largest investment bank was boosted by underwriting the China State Construction Engineering Corp's 50.1 billion yuan IPO, the world's second-largest in 2009. CICC also took two other heavyweight companies public, China Shipbuilding Co Ltd and China CNR Co Ltd, raising 14.7 billion yuan and 13.9 billion yuan respectively.     CITIC Securities, the top underwriter in 2008, fell to the No 2 spot in the ranking, making 855 million yuan from IPO deals totaling 28.7 billion yuan, according to Bloomberg data. The third slot went to Orient Securities, which earned 258 million yuan from IPO deals worth 11.9 bllion yuan.     IPOs are among the most lucrative advisory businesses for Chinese securities firms as China has witnessed an IPO boom since it reopened the market last June after a 10-month halt blamed on the widespread global credit crunch.     Chinese securities companies saw an exponential growth in their revenues from the IPO business, making a total of 4.76 billion yuan from underwriting fees, doubling the 2.35 billion yuan in 2008. But the earnings still lagged far behind the 7.61 billion yuan made during the pre-crisis period in 2007.     Last year, 43 Chinese securities firms helped 111 companies go public on the mainland's A-share market, raising 202.2 billion yuan. The value of the IPO deals taken by the top 10 underwriters accounted for more than 70 percent of the total IPO values.     Market insiders said the IPOs of heavyweight companies will remain the target for large investment bank and securities companies such as CICC and CITIC Securities next year while small and medium securities companies will make start-up board ChiNext their primary focus.     Stock prices of listed securities companies soared sharply in the past two weeks, mainly stimulated by unconfirmed reports that China's State Council has given the final nod for the introduction of index futures in 2010.     Analysts said Chinese securities companies would likely see a surge in revenues this year after the regulators announce a clear timetable for the launch of the index futures, margin trading and short selling.     "The new products will certainly boost the earnings and valuations of the brokerage stocks," said Cheng Binbin, an analyst with Qilu Securities "It not only means strong profit growth for securities firms in the future but also a gradual transition toward a more risk-diversified business model."     It is forecast that margin trading and short selling will likely contribute 9.41 to 14.3 billion yuan in revenues of securities companies in 2010 while index futures will contribute 5.76 to 6.34 billion yuan.     The net profit of China's brokerage industry may reach 90 billion yuan in 2009, a year-on-year increase of 90 percent, according to an estimate by Guotai Junan Securities.     Meanwhile, foreign banks also grabbed a share of the lucrative pie of China's booming capital market last year with Swiss bank UBS ranked the largest underwriter of Chinese overseas IPOs. The bank contracted 8 million in underwriting fees from Chinese companies that sought IPOs in the Hong Kong market, worth a total of billion last year, Bloomberg data showed.     Mergers and acquisitions (M&As) made by the Chinese companies remained the traditional cash cow for foreign investment banks in 2009. Morgan Stanley was the No 1 financial advisor in M&A deals worth .9 billion on the Chinese mainland and Hong Kong, according to Bloomberg data.     The largest M&A deal in 2009 made by a Chinese company was the .5 billion acquisition of Swiss oil company Addax Petroleum by China's largest oil refiner, Sinopec.