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SHANGHAI, Oct. 30 (Xinhua) -- Chinese Premier Wen Jiabao's trip to Vietnam, during which he attended a series of summits between the Association of Southeast Asian Nations (ASEAN) and its partners, enhanced good-neighborly relations, promoted regional cooperation and common development, Foreign Minister Yang Jiechi said Saturday.During his three-day stay in Hanoi, Wen attended the 13th summit between China and ASEAN (10+1), the 13th summit between ASEAN, China, Japan and the Republic of Korea (10+3) and the fifth East Asia Summit. He also had bilateral meetings with some leaders on the sidelines of the summits.When briefing reporters on the outcome of the premier's trip, Yang said that the situation in East Asia is undergoing profound changes, with both opportunities and challenges ahead.Chinese Premier Wen Jiabao (6th L) poses for a group photo with leaders attending the 13th China-ASEAN Summit in Hanoi, capital of Vietnam, Oct. 29, 2010.To boost political mutual trust, promote mutually beneficial cooperation and push for regional integration and sustainable development is the common will shared by countries in the region, and is also the main theme of the summits, Yang said.He said peace, stability and development of East Asia is crucial to China, and that China has always valued and participated in cooperation with East Asian partners.The goal of Premier Wen's trip was to cement good-neighborly relationship, deepen regional cooperation and boost common development, Yang said.During his 48-hour stay in Hanoi, Wen attended some 20 activities, delivered several important speeches, and put forward dozens of proposals, Yang said.The premier also had extensive contacts with leaders of other countries, held in-depth exchanges with them, and expounded in a sincere and objective manner China's foreign policy principles of "building friendship and partnership with neighboring countries" as well as its policy of seeking mutually beneficial and peaceful common development with other countries, Yang said.China's position was hailed by all sides, and Wen's trip further strengthened China's friendly cooperative ties with its neighbors, and boosted East Asia cooperation, Yang said.Premier Wen's pragmatic and highly-efficient trip scored great successes, the top Chinese diplomat said.

KUNMING, Aug. 29 (Xinhua) -- At least 14 people were injured and more than 7,300 houses damaged in an earthquake that jolted Yunnan and Sichuan provinces in southwest China Sunday.The earthquake measuring 4.8 on the Richter scale occurred at 8:53 a.m., hitting an area bordering the two provinces.The epicenter, with a depth of about 10 kilometers, was located at 27.1 degrees north latitude and 102.9 degrees longitude, according to the earthquake network center in Sichuan.Thirteen people were injured in the latest earthquake, and 7,354 houses were destroyed in the quake, including 122 houses being toppled, plus road cave-ins in Qiaojia County of Yunnan, according to Zhou Yingbin, deputy head of the county government.Another person was slightly injured in Ningnan County of Sichuan, local officials said, who added that nobody was reported dead or missing in the quake.

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.

ALMATY, Sept. 9 (Xinhua) -- Senior Chinese commander Chen Bingde said Thursday that China and Kazakhstan will further enhance their military cooperation to ensure regional security.During a meeting with Saken Zhasuzakov, first deputy defense minister and chief of the staff of Kazakhstan's armed forces, Chen thanked the Kazaks for their efforts to prepare the upcoming "Peace Mission 2010" anti-terror drill.Chen, chief of the General Staff of the Chinese People's Liberation Army (PLA), also thanked them for their support of the participating Chinese troops.The Sept. 9-25 anti-terror drill, the seventh of its kind under the framework of the Shanghai Cooperation Organization, is an important move to implement the consensus reached by the heads of state of SCO countries, said Chen.Chen Bingde (R), chief of the General Staff of the Chinese People's Liberation Army, meets with Saken Zhasuzakov, first deputy defense minister and chief of the staff of Kazakhstan's Armed Forces, in Almaty, Kazakhstan, Sept. 9, 2010. Chen visited Almaty on Thursday to attend the opening ceremony of the "Peace Mission - 2010" anti-terrorism military exercise, which is launched under the framework of the Shanghai Cooperation Organization in south Kazakhstan from Sept. 9 to 25.The exercise will significantly contribute to eliminating the Three Evil Forces of extremism, separatism and terrorism, promoting regional security and deepening SCO-wide cooperation, Chen said.Noting that profound changes are taking place in Central Asia, Chen said the security situation in the region concerns the core interests of both China and Kazakhstan because the former is a neighbor of the region, while the latter is a large player inside it.The Three Evil Forces are a big public hazard to the international community, especially to Central Asia, the senior Chinese commander said, adding that Beijing and Almaty, both as SCO members, play a key role in maintaining regional security.Through in-depth cooperation, the two sides have made great contributions to the common fight against the Three Evil Forces and the maintenance of regional peace, Chen said.He said that military cooperation between the two countries has been growing continuously since they established diplomatic ties 18 years ago. Remarkable achievements have been made, he said, in high-level contacts, strategic consultations, technological exchanges, border defense exchanges and personnel training.The two countries will strengthen the friendly cooperation between their militaries, strive to maintain the sound momentum of high-level military exchanges and promote exchanges and cooperation in professional fields, Chen said.Zhasuzakov, for his part, said that Kazakhstan, as the current SCO chair, will make active efforts to advance the further development of the bloc.He spoke highly of military relations between China and Kazakhstan, saying defense cooperation between the two sides has been fruitful.He also expressed gratitude to China for its support of Kazakhstan's military build-up and personnel training.The Three Evil Forces constitute a grave threat to regional security and stability, Zhasuzakov agreed, adding that his country attaches great importance to bilateral and multilateral anti-terror cooperation.Kazakhstan is ready to join China and other SCO members in making positive contributions to the battle against the Three Evil Forces, he added.Chen arrived here Thursday morning to attend the opening ceremony of the "Peace Mission 2010" exercise, which is to be staged in south Kazakhstan with the involvement of 5,000 troops from China, Kazakhstan, Kyrgyzstan, Russia and Tajikistan.

BEIJING, Oct. 18 (Xinhua) -- There will be unrelenting efforts to crack down on activities such as illegal financing and pyramid selling by insurance agents, the China Insurance Regulatory Commission (CIRC) said Monday.The CIRC issued the statement on its website after two cases came to the attention of the insurance regulatory bureaus in Liaoning and Zhejiang provinces.In Liaoning, He Feng, head of the Chende Insurance Agent Company, was detained for collecting capital at high interest rates. In Zhejiang, the license of the Hangzhou Minfeng Insurance Agent Company Limited was canceled for luring policyholders by exaggerating prospective earnings.The CIRC reminded the public not to be misled by similar claims and encouraged them to report illegal activities to reduce their losses.