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VICTORIA, Nov.13 (Xinhua) -- The current international financial crisis will not affect China's cooperation with Seychelles, visiting Chinese top legislator Wu Bangguo said here on Thursday.     Wu, chairman of the Standing Committee of China's National People's Congress (NPC), made the remarks in his meeting with Seychellois President James Alix Michel. Wu said that China's economy will maintain its momentum of growth.     "The crisis will not affect the contracted projects between the two sides as well as prospect of their future cooperation due to the strong growth of China's economy," Wu said. Seychellois President James Alix Michel (1st L) meets with Wu Bangguo (R Front), chairman of the Standing Committee of the National People's Congress, China's top legislature, in Victoria, Nov. 13, 2008    Wu also briefed the Seychellois president on policies that the Chinese government has adopted to deal with the crisis, promising that China will continue to offer its help to Seychelles according to its own capability.     China is willing to deepen all-round cooperation and hopes to enhance inter-parliamentary exchanges with Seychelles, Wu said, calling the bilateral relationship "a living example" for big and small nations to handle their relations.     "The relations between China and Seychelles can be regarded as an living model for big and small nations," Wu said, adding that China is ready to bring forward the friendly cooperation with Seychelles on the basis of mutual respect and reciprocity.     The Seychellois president expressed his appreciation to China, noting his country could not achieve the economic development alone without China's long-term assistance.     Seychelles hopes to further boost its cooperation with China especially in such fields as infrastructure, energy, agriculture, telecommunication and tourism, the Seychellois President noted.     The president also reiterated his country's adherence to the one-China policy.     Wu arrived here after he concluded his official visit to Madagascar. Seychelles is the final leg of his five-nation African tour which has already taken him to Algeria, Gabon, Ethiopia and Madagascar.

BEIJING, Jan. 24 (Xinhua) -- The People's Bank of China, the country's central bank, disproved Saturday the allegations by a U.S. Treasury official that China is manipulating the exchange rates of its currency, saying the statement is untrue and misleading.     Su Ning, vice governor of the central bank, said that the allegation could sidetrack the effort to track the real cause of the financial crisis.     "President Obama -- backed by the conclusions of a broad range of economists -- believes that China is manipulating its currency," the U.S. Treasury Secretary-designate Timothy Geithner wrote to the Senate Finance Committee in documents released on Thursday.     "Also, we should avoid any excuse that might lead to the revitalization of trade protectionism. Because it will do no good to the fight against the crisis, nor will it help the healthy and stable development of the global economy," Su said.     Yi Xianrong, a researcher with the financial research center of the CASS, told Xinhua on Friday if the U.S. labeled China as a "currency manipulator," it would hurt the concerted action of fighting the global financial crisis.     It would also hamper the global efforts to shake off an economic slowdown as the Sino-U.S. economic tie had become one of the world's most important bilateral economic ties, Yi said.     According to China customs statistics, Sino-U.S. trade hit 333.74 billion U.S. dollars last year, up 10.5 percent year on year.     With a 9-percent rate, China contributed more than 20 percent of global economic growth in 2008, while the U.S. remained the world's largest economy, Yi said.     Geithner's comment was just aiming to try out the Chinese government's response, said Zuo Xiaolei, senior analyst with the Beijing-based Galaxy Securities.     Yuan appreciation and the pace of appreciation should not only be decided by trade surplus but also the status of domestic economic development, Zuo said.     "The price advantage of Chinese exports may not be a result of currency issues, but the country's lower costs of labor, resources and land," she said.     In July 2005, China abandoned a decade-old peg to the U.S. dollar and allowed its currency to appreciate by 2.1 percent. Since then, the yuan has strengthened further, rising more than 20 percent against the U.S. dollar.

Palestinian National Authority(PNA) President Mahmoud Abbas (R) meets with Liu Yunshan, member of the Communist Party of China (CPC) Central Committee Political Bureau and head of the CPC Central Committee Publicity Department, in the West Bank city of Ramallah, Dec. 3, 2008.     RAMALLAH, Dec. 3 (Xinhua) -- A visiting senior official of the Communist Party of China (CPC) said here on Wednesday that China hopes for joint efforts to push forward the Middle East peace process.     Liu Yunshan, member of the Political Bureau of the CPC Central Committee and head of the Publicity Department of the CPC Central Committee, made the remarks during meetings with Palestinian National Authority (PNA) President Mahmoud Abbas and Prime Minister Salam Fayyad in the West Bank city.     Liu highlighted China's hope for realizing a comprehensive, just and everlasting peace in the Middle East at an early date, based on related UN resolutions and the "Land for Peace" principle.     Liu, who leads a CPC delegation, conveyed cordial greetings from CPC and Chinese leaders to Abbas and Fayyad, saying that relations between the two sides would witness greater development in the future.     Abbas expressed appreciation of the positive development of the solid ties between the Palestinians and China, expressing gratitude to China over its support for the Palestinian cause. Palestinian Prime Minister Salam Fayyad (R) meets with Liu Yunshan, member of the Communist Party of China (CPC) Central Committee Political Bureau and head of the CPC Central Committee Publicity Department, in the West Bank city of Ramallah, Dec. 3, 2008.     Citing China's success in hosting the Olympic Games and launching the Shenzhou VII manned space flight, Abbas said the Palestinian people are proud of the remarkable achievements of the friendly nation.     The Palestinian side is willing to strengthen communication and exchange with the Chinese government and the CPC in order to further develop bilateral relations in a comprehensive way, said Abbas.     Meanwhile, Fayyad said the Palestinian people cherish the enduring friendship with China and are willing to enhance mutual beneficial cooperation in all aspects, including politics, economy, culture and education.     Before the meetings, Liu laid a wreath at the grave of late Palestinian leader Yasser Arafat, which is located in the compound of the Palestinian president's office in Ramallah.     During his one-day trip in Ramallah, Liu, along with Abbas, also presided the signing ceremony for an economic and technical cooperation agreement between China and the Palestinians.     The Palestinian territories is the last leg of Liu's good-will visit to the region, which has taken him to Iran, Bahrain, Egypt and Israel.

ADDIS ABABA, Nov. 9 (Xinhua) -- China's top legislator Wu Bangguo said here Sunday that China's relations with Ethiopia have been developing quite rapidly in recent years and have been pushed up to a higher level.     He made the statement during talks with Speaker of Ethiopian Council of People's Representatives Teshome Toga.     "Since our countries established foreign relations with each other, especially, since their comprehensive cooperation partnership was formed in 2003, high-level exchanges between our two countries have been more frequent and bilateral trade has been shooting up," Wu said.     "Now our relations have ushered in a new era," he added.     Wu said that both China and Ethiopia are developing countries and therefore face the similar issues such as economic development. The rapid booming of both economies have provided new opportunities for deeper and wider cooperation.     "This is conducive to the welfare and the basic interests of both countries and peoples, as well as constructive to world's peace and prosperity," Wu said.     The Ethiopian speaker agreed with Wu's comments on relations of the two countries and said that Wu's Africa tour, especially, the visit to Ethiopia, is of high importance and can further boost bilateral ties.     Teshome Toga also thanked China for its unconditional support for Ethiopia, adding that the two countries can cooperate better in trade, investment and finance sectors.     He said that Ethiopia will, as it has done in the past, continue to stick to "One China" policy and Wu expressed his appreciation for his Ethiopian counterpart's firm commitment as such.     Wu is on a five-African nation tour. Ethiopia is the third leg of his two-week-long visit to Africa.

UNITED NATIONS, Dec. 9 (Xinhua) -- China on Tuesday called on the international community to continue to strengthen multilateral counter-terrorism cooperation within the UN framework.     China's UN Ambassador Zhang Yesui made the appeal at the thematic debate of the UN Security Council on threats to international peace and security caused by terrorists.     "Recently, a series of alarming acts of terror occurred in such places as Mumbai, resulting in heavy casualties of innocent people. The Chinese delegation expresses its deep condolences to the victims," Zhang told the council.     "These cruel realities remind us once again that terrorism still remains a potent threat to peace and security of international community," he said.     The Security Council, as the core of the international collective security machinery, should play an important role in international fight against terrorism, he said.     "Terrorism is the common threat facing the international community and it is imperative to continue to step up the multilateral counter terrorism cooperation within the UN framework," he said.     China believes that all UN bodies should pay attention to both stepping up counter-terrorism measures and removing the root causes that give rise to terrorism, he said.     "The member states are the real owners in the implementation of all UN counter-terrorism resolutions," the Chinese envoy said. "Their will and capacity in counter-terrorism determines the implementation of those resolutions."     "However, limited resources and inadequate counter-terrorism capacities have led to the inability of many countries, especially the developing countries to honor fully their counter-terrorism obligations, and thus limited seriously the international community's achievements in the struggle against terrorism," he stressed.     China hopes that the international community will pay greater attention to the capacity-building in counter-terrorism and invest more resources to help the developing countries with counter-terrorism assistance that meets their actual needs and help them improve expeditiously capabilities so that the effective implementation of all UN counter-terrorism resolutions will have a firm basis, he added.