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BEIJING, Oct. 21 (Xinhua) -- China and Japan have no secret agreement concerning the Diaoyu Islands issue, Chinese Foreign Ministry spokesman Ma Zhaoxu said here Thursday.Ma's remarks came after media reports said Japanese government sources had revealed that China and Japan secretly reached a compromise on the Diaoyu Islands issue while Junichiro Koizumi was Japanese prime minister.The Japanese government sources said Japan agreed in the deal not to detain Chinese citizens setting foot on the Islands while China promised to restrain Chinese vessels who voluntarily defend the Diaoyu from approaching the isles, according to reports."There is absolutely no secret agreement. It is nothing but a slanderous rumor which not only misleads the public but further jeopardizes the political mutual trust between China and Japan. The Japanese side must take upon itself the consequences for this (rumor)," said Ma when responding to a journalist's question.Ma said the Diaoyu Islands are, and have been since ancient times, an integral part of Chinese territory.The Chinese government's stance in safeguarding the nation's sovereignty and territorial integrity has always been unambiguous and unwavering, he added.
TOKYO, Sept. 12 (Xinhua) -- Officials from the Chinese Embassy in Japan have visited the Chinese fishermen illegally detained by the Japanese authorities last week in the East China Sea.The Chinese government and people care very much about their living and security conditions in captivity, officials from the embassy in Tokyo and the consulate general in Fukuoka told the crew members.Foreign Minister Yang Jiechi and other senior diplomats have for several times lodged solemn representations with the Japanese side and protested the detention of the Chinese fishermen, they said.Chinese State Councilor Dai Bingguo summoned Japanese ambassador Uichiro Niwa early Sunday morning and demanded the immediate release of the Chinese fishermen and their boat. Dai urged Japan to avoid any misjudgment of the situation and to make a "wise political resolution."Dai was the highest-ranking Chinese official to make a public response after the fishing boat and its crew were seized.The Chinese embassy officials learned in detail the crew members' physical and mental conditions, bought food, fresh water and medicines for them, and contacted their families.The officials told the crew members that the Chinese government was sparing no effort in urging the Japanese side to release them, and asked them to keep good health and calmness, support the Chinese government's work and have confidence that the government can properly handle the issue as quickly as possible.The Chinese Embassy in Tokyo is continuing to make representations with the Japanese authorities, demanding the immediate and unconditional release of the crew members and their boat.
BEIJING, Oct. 23 (Xinhua) -- One of China's top banking regulators has called upon the nation's commercial lenders to improve their balance sheets and reduce excessive reliance on lending for profits.Wang Zhaoxing, deputy chairman of the China Banking Regulatory Commission(CBRC), said banks should not seek excessive profits from a rapid increase in loans and a widening gap between lending and deposit rates, which is unsustainable.Chinese banks went on a lending spree in 2009 in response to the urging of the government as part of the 4-trillion-yuan (601 billion U.S. dollars) stimulus package to ward off the effects of the global financial crisis.Also, nearly 9.6 trillion yuan in new loans last year fuelled fears of banks distributing bad loans.Many banks continue to depend upon issuing credit to government-backed projects to secure profits, Wang said at an industry meeting Thursday. However, those projects often lack adequate risk management.Further, Wang urged lenders to improve balance sheets and the quality of assets, as well as the ability to manage risk aversion.Chinese banking and financial institutions reported net profits of 668.4 billion yuan last year, of which a lion's share came from the gap between deposit and lending rates, investment proceeds and fees, according to the report on China's banking industry issued by the CBRC in July.The report noted that the average capital adequacy ratio stood at 11.4 percent at the end of last year, above the international safety line, while the non-performing loan (NPL) ratio fell to 1.58 percent, down 0.84 percentage points from the level at the beginning of 2009.Despite the improved data, CBRC chairman Liu Mingkang has repeated warnings that an NPL rebound could bring with it risks from lending to local government financing platforms and the property sector which has accumulated asset bubbles.At the meeting, Wang said the CBRC would enhance oversight to assure unscrupulous and unhealthy financial institutions are phased out of the market.Also, China will gradually move towards a market-driven interest rate mechanism, which would ultimately squeeze bank profits.
MUSCAT, Nov. 5 (Xinhua) -- A top Chinese delegation will sign agreements on two-way investment and personnel training with Oman amid efforts to deepen the cooperation between China and the Gulf oil-rich Sultanate, Chinese ambassador to Oman Pan Weifang said Friday.Jia Qinglin, China's top political advisor, will pay a three- day good-will visit to Oman starting from Saturday. This is a visit of the highest level in 11 years in the history of bilateral relations, ambassador Pan told Xinhua ahead of the visit.The delegation will meet Omani Sultan Qabus bin Said al-Said, deputy prime minister and other ministers and sign the important agreements during the visit, he said."I am very pleased to see that the senior Chinese leader will meet with His Majesty Sultan Qabus as the friendly Omani people are celebrating the 40th National Day," Pan said. "I believe Jia's visit will be another milestone in promoting the friendly cooperation, which has been valued in the long traditions of each country."An agreement will also be signed to build a monument for Zheng He, China's ancient seafaring hero whose fleets arrived in Oman for four times and visited Oman's southern area of Dhofar about 600 years ago.The voyage witnessed large amount of goods exchanges, such as china, silk and tea from China to Oman and frankincense, dates and Arabian horses from Oman to China.Nowadays, as the Sultanate's largest trade partner, China is ready to contribute to Omani government's drive to diversify the sources of revenue, 70 percent of which derives from oil and gas.Amid efforts for economic multi-polarization, Oman will develop non-oil sectors including infrastructure, renewable energies, tourism and finance, Pan said. "China and Oman will become essential partners in these fields.""Oman's free trade zones in Sohar, Salalah and Duqm will also attract and facilitate China's investment in Oman," he added.Recently, Chinese companies participated in the construction of a one-billion-U.S. dollar power plant project in the southern Salalah, which will begin generating electricity in 2012. As more Chinese investors are willing to start their businesses, the Bank of China opened a "China desk" in Bank Muscat, Oman's largest lender, to finance infrastructure projects.Chinese travel agencies are keen to develop tourist routes in the Sultanate, which is very rich with spectacular landscapes, archaeological sites and historical monuments, Pan said, adding that an agreement was signed to encourage tourism between Oman and China.About 5,000 Omani people go to China to do business and travel every year. During the Shanghai Expo, more than 10 ministers of Omani government went to China for a visit. "All these mirror the strong tie between the two countries," Pan noted.China is the largest buyer of Oman's crude oil. The bilateral trade reached 7.1 billion U.S. dollars in the first eight months this year, a 60 percent year-on-year increase.