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BEIJING, May 25 (Xinhua) -- China on Tuesday again urged all parties involved in the dispute over the sinking of the Republic of Korean (ROK) "Cheonan" warship, to exercise calmness and restraint and properly address related problems so as to avoid an escalation of tension.China has noted the investigation results released by the ROK and the response of all concerned parties, Foreign Ministry spokeswoman Jiang Yu said at a regular press briefing."China considers that international and regional matters should be handled in an objective and fair manner and based on facts," said Jiang."Under current circumstance, any measure taken by any side should be conducive to peace and stability of the Korean Peninsula, not to the contrary," she said.Jiang said China has always been committed to maintaining stability in Northeast Asia and the Korean Peninsula, promoting the six-party talks and denuclearization of the Peninsula."It is better to have dialogue rather than engaging in confrontation, and an eased situation is better than tension," she said.To safeguard peace and stability of the Korean Peninsula and Northeast Asia is in the common interests of all parties and is a shared responsibility of all countries in the region."China is resolutely against any behavior which is in violation of peace and stability in Northeast Asia," she said.

BEIJING, April 13 (Xinhua) -- The State Council, China's Cabinet, released here Tuesday new regulations on overseas investment, promising good business conditions but restricting funds to environmentally unsound projects.According to the new regulations, China still welcomes foreign investment in high-tech industries, services sectors, energy-saving and environmental protection, but polluting and energy-gorging or projects in industries running at overcapacity are not wanted.According to the regulations, the State Council said China will continue to support Chinese A-share listed companies in further introducing strategic investors from home and abroad, and standardize foreign companies' investment in domestic securities and corporate merger and acquisition moves.A national security examination mechanism will be built as soon as possible for foreign-funded companies' merger and acquisition operation in China, according to the regulations.Qualified foreign-funded companies are allowed to go public, issue corporate bonds or medium-term bills in China.Multinationals are encouraged by the regulations to set up regional headquarters, research and development centers, procurement hubs, financial management and other functional offices in China.Importing items for scientific and technological development by qualified foreign-funded R&D centers will be exempt from tariffs, importing value added tax and goods and services tax by the end of 2010, according to the regulations.Foreign-funded enterprises are also encouraged to increase their investment in China's central and western regions, particularly in environment friendly and labor-intensive companies.

WASHINGTON, April 30 (Xinhua) -- U.S. Secretary of State Hillary Clinton on Friday celebrated here the opening of U.S. Pavilion in 2010 Shanghai World Expo, which kicked off with a grand opening ceremony earlier in the day.Clinton invited business leaders to attend the reception, which featured a live feed from the Pavilion in Shanghai. She said the Pavilion promotes a "people to people connection" between the United States and China, which is "the base of a long-lasting relationship."Clinton thanked corporate partners for their participation, saying the pavilion is not only a partnership between China and the United States, but also a partnership between the U.S. government and the country's corporations.U.S. law forbids using federal money to participate in World Expo. In order to have a presence in the Expo, Clinton committed her "personal prestige" and helped to raise funds for the Pavilion, according to Jose Villarreal, commissioner general of the U.S. exhibition.In all, about 50 corporations became sponsors of the U.S. Pavilion. Deloitte's CEO of Federal Government Services Robin Lineberger said becoming a sponsor can help raise the company's profile.Destination management company Pacific World's North America President Jane Schuldt said the company is providing logistics services for the exhibition and all other sponsors, and as its major clients in the American business world go to the Expo, it went too.When the company "had an opportunity to stand up and support the USA Pavilion ... it seemed exactly the appropriate step to take and support to be given," she said.

BEIJING, April 28 (Xinhua) -- Chinese Premier Wen Jiabao Wednesday called for greater efforts to fulfill the energy-saving and emission reduction goals set out in the nation's 11th Five Year Plan.According to the plan laid out in 2006, China will cut its per unit GDP energy consumption by 20 percent compared with 2005 levels by the end of 2010.Relevant departments must work harder to help enterprises close down old and polluting production facilities, he said at a State Council meeting.The departments must also suspend approval of new projects by enterprises failing to eliminate backward production capacity, he added.He also stressed efforts to curb the expansion of high energy-consuming industry, and emphasized strict control of exports of goods produced in an energy-inefficient way.Wen said energy-saving and emission reduction are priorities for the construction and transportation industries.Public institutions nationwide are expected to lower their energy consumption by 5 percent year on year in 2010, he added.More energy-conservation and emission-reduction publicity campaigns should be organized to promote the development of "green" consumption, he said.

BEIJING, May 10 (Xinhua) -- Tao Dayong, a well-known Chinese economist and also honorary vice chairman of the ninth Central Committee of China Democratic League (CDL), has died of illness at the age of 93.President Hu Jintao, Premier Wen Jiabao and other senior leaders, including Jia Qinglin, Li Changchun, Xi Jinping, Li Keqiang and Zhou Yongkang, expressed their condolences.Tao, a native of Shanghai, graduated in 1940 from the Department of Economics of the Nanjing-based Central University.He joined the China Democratic League in 1947 and became chief editor of the Economic Weekly, a magazine published by the Hong Kong-based Chinese language newspaper Wen Wei Po in 1949.Tao was a member of the sixth, seventh, and eighth National People's Congress Standing Committee and a member of the Standing Committee of the Sixth National Committee of the Chinese People's Political Consultative Conference.