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PHNOM PENH, Nov. 4 (Xinhua) -- China and Cambodia on Thursday inked 6.4-billion-U.S. dollars deals ranging from infrastructure construction to energy exploration.A total of 16 deals were signed after the hour-long talks between top Chinese legislator Wu Bangguo and Cambodian Prime Minister Hun Sen late Thursday afternoon.The package of deals covered such key areas of bilateral cooperation as infrastructure construction, water resources development, telecommunication technology and energy exploration among others. Wu Bangguo (L), chairman of the Standing Committee of the National People's Congress, China's top legislature, shakes hands with Cambodian Prime Minister Hun Sen in Phnom Penh, Cambodia, Nov. 4, 2010. China's top legislator held talks with Hun Sen in Phnom Penh on Thursday.In earlier talks, Wu, chairman of the Standing Committee of the National People's Congress (NPC), the country's top legislature, reviewed the smooth growth of China-Cambodia ties since the two countries forged diplomatic ties in 1958."Particularly in recent years, bilateral relations have developed rapidly," Wu said, highlighting strong trust, sincere cooperation and mutual support.Wu underlined China's commitment to developing ties with Cambodia, labeling the southeast Asian country as a reliable neighbor, friend and brother.Hun Sen said China's rapid growth benefited the people and helped lift the regional and world economy out of the downturn.On the economic front, Wu said growing economic cooperation would add continuous momentum to bilateral relations.
BEIJING, Aug. 28 (Xinhua) -- China and Japan pledged on Saturday to enhance dialogue and exchanges on climate change, energy conservation and environmental protection.The two countries, meeting in Beijing, agreed to make a combined effort to implement the Joint Statement on Climate Change between China and Japan, said Zhang Ping, chairman of the National Development and Reform Commission (NDRC), during the third China-Japan high-level economic dialogue.The two sides will conduct pragmatic cooperation in the areas of clean development mechanisms, energy-savings, energy efficiency improvement, new energy, renewable energy, clean coal technology, methane recovery and utilization, carbon capture and storage, adaptation to climate change and technology development and transfer, he said. Chinese Vice Premier Wang Qishan (7th L, front) and Japanese Foreign Minister Katsuya Okada (6th L, front) pose for a group photo with attendees during the third China-Japan high-level economic dialogue in Beijing, capital of China, Aug. 28, 2010.On international climate change negotiations, he said the two sides are ready to fulfill their responsibilities and try their best to cope with climate change in line with the principle of "common but differentiated responsibilities ".He said the Cancun climate summit should continue to adhere to the UN Framework Convention on Climate Change (UNFCCC), the Kyoto Protocol and the Bali Road Map, as well as the principle of "common but differentiated responsibilities ".The negotiation process should be in line with the principle of being open and maintaining transparency, broad participation, being party-driven and achieving consensus, he added.China will host UN climate change talks in Tianjin city this October, which reflects the country's constructive attitude on promoting the UN climate negotiation process, he said.China is willing to work with the other sides, including Japan, to contribute to the Cancun conference slated for the end of this year, Zhang said.During the meeting, China and Japan also agreed to hold the fifth China-Japan Energy-saving and Environment Protection Forum in Tokyo this October.Zhang said the two nations had made substantial achievements in energy-saving and environmental protection.China's National Development and Reform Commission and Japan's Ministry of Economy, Trade and Industry have signed many cooperative documents on energy-saving and environmental protection, he said.The two countries have held four energy-saving and environmental protection forums and inked 76 agreements involving cooperation in this area.Both governments support enterprises of the two countries to cooperate on commercial demonstration projects, he said, adding China had sent 300 management personnel to Japan to study energy conservation policies and technology.During the dialogue, the two sides also pledged to cooperate on developing green economies and low-carbon technologies, enhance cooperation between energy-saving centers of both countries and promote commercial demonstration projects on energy-saving and environmental protection.
BEIJING, Sept. 6(Xinhuanet) - China bucked international trends in both outbound and inward investment, official figures have revealed.China now ranks as the fifth largest global investor in outbound direct investment (ODI) with a total volume of .5 billion, compared to a ranking of 12th in 2008, the Ministry of Commerce said on Sunday.On top of this, foreign direct investment (FDI) this year was set to "surpass 0 billion", compared to billion last year, ministry officials predicted.Globally, foreign investment decreased by almost 40 percent last year amid the financial downturn and is expected to show only marginal growth this year.The growth in both outbound investment from, and inbound investment to, China reflects the nation's rising economic power and attractiveness as an investment destination. China's annual outbound direct investmentThe ministry made the announcements during a press conference held in Xiamen on the upcoming United Nations Conference on Trade and Development (UNCTAD) World Investment Forum and the 14th China International Fair for Investment and Trade. Both forums will start on Tuesday.According to the ministry, China's ODI grew by 1.1 percent from a year earlier to .53 billion, which includes investment of .8 billion in non-financial sectors worldwide, up 14.2 percent year-on-year.Last year was the eighth consecutive year that the nation's ODI had grown. In this period the average annual growth rate stood at more than 50 percent."China is now the fifth largest investing nation worldwide, and the largest among the developing nations," said Shen Danyang, vice-director of the ministry's press department.In 2009, global ODI volume reached .1 trillion, and China contributed about 5.1 percent of the total.But "this is just a beginning." Although the figure is already "quite amazing," the volume is "not large enough" considering China's economic growth and local companies' expanding demand for international opportunities, Shen said."The growth rate (for ODI) in the next few years will be much higher than previous years," Shen said, without elaborating.China's ODI growth witnessed strong momentum this year. From January to June, the ODI in financial sectors was up by 43.9 percent to .84 billion, and in July alone, the ODI recorded .91 billion, the highest this year.Liu Zuozhang, director of the investment promotion agency under the commerce ministry, told China Daily that China's ODI in non-financial sectors would probably grow to billion this year.But while more Chinese companies were investing overseas, barriers and protectionism against Chinese investment were strengthened as well.Fan Chunyong, standing deputy chief of the China Industrial Overseas Development and Planning Association, said the challenge would not affect the upward trend of the ODI."China's ODI will go up to 0 billion in 2013, and the Chinese accumulative overseas investment will reach 0 billion by then," said Fan.According to the ministry, by the end of 2009, 13,000 Chinese enterprises had invested in 177 nations and regions worldwide, and the largest volume of funds went to the Asia-Pacific region. Europe and Africa ranked second and third in absorbing Chinese investment.Figures also revealed that more Chinese enterprises were focused on developed nations and emerging markets. During the first half of the year, China's ODI to the United States and the European Union rocketed by 360 percent and 107.2 percent respectively year-on-year. And investment into ASEAN and Russia grew by 125.7 percent and 58.5 percent.Jinny Yan, economist from Standard Chartered Shanghai, predicted that the EU would continue to be a hotspot for China's outbound investment in the coming months thanks to the ongoing European debt woes.As for FDI, Shen predicted it would reach a record high of 0 billion this year as China's consumption capacity gradually picked up and the nation's efforts on creating an open and transparent investment environment paid off.Responding to recent complaints by foreign businesses on the "worsening" investment environment, he said it "highlights foreign businesses are attaching more importance to the Chinese market".A report by the European Chamber of Commerce released last Thursday said China had made progress on improving its investment environment, but still needed to do more, especially on market access and the regulatory environment.While global FDI slumped by almost 40 percent last year, China's FDI was down by a mere 2.6 percent, according to the UNCTAD. China remained the second largest recipient nation of FDI, following the US.During the first seven months, China's FDI increased by 20.7 percent to .35 billion, and FDI in July surged by 29 percent.Zhan Xiaoning, director of the investment and enterprise division under the UNCTAD, said China was taking the leading role in the FDI recovery worldwide, even though FDI growth was not a cause for optimism globally.
BEIJING, Sept. 20 (Xinhua) -- Chinese Vice President Xi Jinping Monday urged the Communist Party of China (CPC) committees of the Party and government institutions to take the lead to strengthen Party building.Xi, also a member of the Standing Committee of the Political Bureau of the CPC Central Committee, made the remarks during an inspection tour of the Ministry of Land and Resources.He also said those Party committees should focus on accomplishing the major tasks of the Party and government institutions.He urged the Party committees to work harder to serve the top agenda of the Party and the State, including by accelerating the transformation of the nation's economic growth model, guaranteeing and improving people's livelihoods, and promoting social harmony.
BEIJING, Oct. 21 (Xinhua) -- Chinese Vice President Xi Jinping Thursday stressed the importance of nurturing cadres from ethnic minority groups to help in the government's drive to develop regions inhabited by ethnic minorities.Efforts should be made to cultivate outstanding cadres with political integrity and professional competence from ethnic minorities, Xi said at a symposium marking the 30th anniversary of the establishment of a training course for Tibetan cadres at the Party School of the Central Committee of the Communist Party of China (CPC).The Party School of the CPC Central Committee initiated a training course for Tibetan cadres in Sept. 1980. Over the past three decades, more than 1,700 Tibetans have attended 42 sessions of the training course, becoming the backbone in promoting development, stability and ethnic unity in Tibet.Xi said Party schools should play a key role in training and nurturing cadres from ethnic minorities, who possess both political integrity and ability, particularly among young people and those who are from grass-roots levels.