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PARIS, July 9 (Xinhua) -- Wu Bangguo, China's top legislator, said Friday that China and France should strengthen their cooperation and build a close, long-term and sustainable type of new economic and trade partnership.Wu, chairman of the Standing Committee of Chinese National People's Congress (NPC), who arrived in Paris on Wednesday for an eight-day official goodwill visit to France, gave a keynote speech at a business forum grouping at least 200 senior French and Chinese officials and business leaders in Paris.In his speech, Wu reviewed the ties between the two countries since the establishment of diplomatic relations in 1964.Wu Bangguo (L), chairman of the Standing Committee of China's National People's Congress, the country's top legislature, addresses the Chinese-French forum on economic and trade cooperation in Paris, capital of France, July 9, 2010.He said the Sino-Franco comprehensive strategic partnership charted by Chinese President Hu Jintao and former French President Jacques Chirac in 2004 has turned "a new page" in bilateral relations."The Sino-Franco relations have formed a mutually-beneficial pattern that is all-dimensional, wide-ranging and multi-tiered, injecting vitality and energy to the comprehensive strategic partnership," Wu said."The trade volume between the two countries has reached 17.12 billion U.S. dollars in the first five months this year, a 40.3 percent increase on the year-on-year basis," Wu added.France is at present China's fourth largest trading partner within the EU while China is France's biggest trading partner in Asia, he said.
BEIJING, Aug. 25 (Xinhua) -- China will work with France to expand bilateral cooperation and advance economic and trade links, said China's top legislator Wu Bangguo Wednesday.Wu, chairman of the Standing Committee of the National People's Congress (NPC), made the remarks in a meeting in Beijing with a delegation of the France-China friendship group of French parliament.Wu said the promotion of ties between China and France, both influential nations, accorded with the fundamental interests of the two peoples and would help world peace and development.China valued relations with France, and would work to strengthen mutual political trust and promote bilateral economic cooperation with a view to keeping China-France ties at the forefront of ties between China and Western nations, Wu said.8 The NPC, China's legislative body, would expand exchanges and cooperation with the French parliament to help push forward state-to-state relations, he said.The French delegation, led by chairman of the friendship group Michel Herbillon and Senate Chairman Jean Besson, are visiting China at the invitation of the NPC.They said they would contribute to relations between the two parliaments and the two nations.

BEIJING, July 21 (Xinhua) -- China and Indonesia Wednesday celebrated 60 years of diplomatic ties at a reception here.Addressing the reception, Chen Haosu, president of the Chinese People's Association for Friendship, said Indonesia was one of the first southeast Asian countries to establish diplomatic ties with China.Bilateral ties reached a new level in 2005 with the forging of a bilateral strategic partnership.President of the Chinese People's Association for Friendship with Foreign Countries(CPAFFC) Chen Haosu speaks during a reception to celebrate the 60th Anniversary of the establishment of diplomatic relations between China and Indonesia in Beijing, capital of China, July 21, 2010.China and Indonesia have deepened political mutual trust and maintained close coordination in regional and international affairs, Chen said.Advancing the bilateral relations not only serves the interests of both nations but also promotes China-ASEAN relations and regional and world peace and development, Chen said.China hopes to take advantage of the 60th anniversary of diplomatic ties to further develop the bilateral relationship, Chen added.Indonesian ambassador to China Imron Cotan said both sides have enjoyed increases in political and cultural exchange.Indonesia is determined to further develop the bilateral relationship, Cotan added.
BEIJING, June 10 (Xinhua) -- The People's Bank of China (PBOC), the central bank, injected 166 billion yuan (24.3 billion U.S. dollars) into the money market this week, easing tight money supply conditions with bill issuance and repurchase agreements.In its regular open market operations Thursday, the central bank auctioned 10 billion yuan (1.46 billion U.S. dollars) of three-month bills at a yield of 1.5704 percent, up 4.04 basis points from June 3.On Thursday, the central bank also conducted repurchase agreement operations -- the first time in almost a month -- by absorbing 10 billion yuan through 91-day repurchase agreements. The yield on Thursday's 91-day repurchase agreement rose to 1.57 percent, up 16 basis points from its previous repurchase operation.Thursday's operations together with Tuesday's 25 billion yuan worth of one-year bill issuance brought the weekly total raised to 45 billion yuan (6.6 billion U.S. dollars). But 211 billion yuan (30.9 billion U.S. dollars) of bills matured this week, meaning a net weekly injection of cash.The central bank's net injection this week was the third straight week of net injection. It pumped 159 billion yuan (23.3 billion U.S. dollars) into the market in the previous two weeks.Since mid-May, China's banks have faced a short-term money squeeze as the PBOC introduced a series of tightening measures to cool the booming property sector.Zhao Qingming, a senior research fellow at China Construction Bank, the country's second largest lender, said the yield changes on central bank bills reflects tight money supply in the short-term.Rising bill yields usually reflect lenders' reduced demand for safety or their cash hoarding.For the whole week, yields on central-bank short-term debt instruments rose compared to the previous week.The yield on one-year bills jumped 8.32 basis points to 2.0929 percent while the yield on three-month bills climbed 4.04 basis points to 1.5704 percent. The yield on 91-day repurchase agreements added 16 basis points to hit 1.57 percent.
BEIJING, June 30 (Xinhua) -- The Party School of the Communist Party of China (CPC) Central Committee, or the Central Party School, opened its door to more than 60 correspondents from domestic and overseas media on Wednesday, one day ahead of the 89th anniversary of the founding of the CPC, on July 1.It was the first time the country's highest institution for the training of high- and middle-level Party officials invited a large group of media workers from home and abroad to tour the mystery-shrouded campus in northwestern Beijing.Forty-two correspondents, photo journalists and TV reporters from major overseas media organizations - including the Associated Press, the Agence France-Presse, the Guardian, CNN and the Australian Broadcasting Corporation - participated.During the two-hour tour Wednesday afternoon, the group attended a press conference, a class and interviewed some teachers and students during their visit to the school's main teaching building, gymnasium, canteen and dormitory building."The Central Party School and the whole Party system haven't interacted much with the outside world -- this is something we are trying to change," said Li Baosheng, the school's vice president.The Party, founded July 1, 1921, is the world's largest political party. It had 78 million members as of last year."The Party system should open up to the outside world because the Party exists to serve the people and the Party has nothing to hide," Li said at the press conference.Some correspondents from overseas media interviewed by Xinhua said they had known nothing about the school before the tour. Other correspondents from domestic media said it was their first time to visit the school.The school's history dates back to the School of Marxism and Communism set up in March 1933. Late chairman Mao Zedong served as president of the school. President Hu Jintao also served as the school's president and its current president is Vice President Xi Jinping.The school has trained 60,00 high- and middle-level officials over three decades. Its curriculum includes Marxism masterpieces and Party principles, western political theory, economics, contemporary law, religion and military affairs.The school has academic cooperation agreements with government departments, research institutes and universities from nearly 30 countries.The media group found the tour interesting, and some even took photographs of the food menu in the canteen. Some walked around the huge campus decorated with trees and fountains like many other college campuses in the world."It's a beautiful campus. The environment here is a great place for study," said Stephen McDonell, the Australian Broadcasting Corporation's China correspondent.The tour of the school was welcomed by many correspondents. The school's spokesman, Luo Zongyi, made his debut at a press conference held Tuesday.Some correspondents from overseas media expressed their wish to know more about how the school plays its role as the highest institution."The tour was interesting and the school is probably less mysterious than people think. I hope we will have more opportunities of this kind to visit and see for ourselves and to have interactions with officials, teachers and students as we did today," Jaime A. Florcruz, CNN's Beijing Bureau Chief, said after the tour.Florcruz said that he wanted to interact with teachers and researchers at the school and know their views about international and domestic affairs because "whatever they are thinking and studying here is a reflection of what's going on in China."The school's vice president, Li Baosheng, pledged to organize more activities to help the media know more about the Party system."The Central Party School will not be a mysterious place in the future. Journalists will have fewer and fewer difficulties in contacting with people within the Party system," Li said.
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