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HONG KONG, March 20 (Xinhua) -- Hong Kong signed an agreement with Brunei for the avoidance of double taxation and the prevention of fiscal evasion with respect to income taxes, the HK Special Administrative Region government said on Saturday.According to an official news release, Financial Secretary John Tsang signed the deal with Brunei Second Minister of Finance Abdul Rahman Ibrahim on Saturday during his visit to the southeast Asian country.This was the sixth comprehensive agreement for the avoidance of double taxation concluded by Hong Kong.It will eliminate double taxation instances encountered by Hong Kong and Bruneian investors, and bring about tax savings and certainty in tax liabilities in connection with cross-border economic activities.It is also believed to help foster closer economic and trade links between the two places, and provide added incentives for Brunei's enterprises to do business or invest in Hong Kong.Profits of Hong Kong trading companies doing business through a permanent establishment in Brunei may be taxed in both places if the income is Hong Kong sourced. Under the agreement, double taxation is avoided in that any Brunei tax paid by the companies can be deducted from the tax payable in Hong Kong.

BEIJING, Feb. 21 (Xinhua) -- The Chinese government's insight and the adjustment of the economic pattern were the two major factors helping China ride out the global economic downturn, scholars said here Sunday.Zhuang Fuling, professor of Renmin University, said the Chinese government made a correct analysis of China's economic situation and took quick and resolute action.At the end of 2007, the central government called for vigilance against possible scenarios of various sorts. Moreover, in the Central Economic Work Conference held in December 2008, China drew up guidelines to cope with the global economic downturn through domestic consumption expansion, development pattern transformation, key sectors reforms, and continued effort to open up and improve people's livelihood.Ye Duchu, professor of Party School of the Central Committee of the Communist Party of China (CPC), attributed the success to China's systemic advantages."We could employ the country's fullest strength to reduce or offset the negative implications of the crisis," Ye said.The National Bureau of Statistics revealed on Jan. 21 that China maintained a GDP growth rate of 8.7 percent in 2009 despite the global recession.The global financial crisis, by nature a challenge to China's development mode, prompted the country to quicken its drive to transform its economic pattern in a bid to realize sustainable development for the future, scholars say.Lu Zhongyuan, deputy director of Development Research Center under the State Council, said China should seize the opportunity to optimize the economic structure and promote the system and technological innovation.Jin Bei, president of Institute of Economy under Chinese Academy of Social Sciences, considered the crisis a good chance for competitive enterprises to carry out strategic adjustment.On Feb. 3, Chinese President Hu Jintao called for the whole nation's efforts to accelerate the adjustment of China's economic development pattern to promote sound and fast economic and social development.Wu Zongxin, counselor of Counselors' Office of the State Council, highlighted the building of the CPC in pulling through the global economic downturn."China's good performance during crisis is attributed to its staunch and capable leadership," said Wu.The Fourth Plenary Session of the 17th CPC Central Committee urged all Party members to be prepared for dangers in times of peace and push forward Party building work to ensure the Party's "backbone" position in people's minds when coping with various domestic and overseas challenges.Zhuang said the rapid and sustained economic growth called for strengthening and improving the Party building under the new circumstances.The cadres of the Party at county levels have been trained at the Party School of the CPC Central Committee since 2008 in a bid to better cope with the global financial crisis."This is an endeavor rarely seen in the world, thus guaranteeing China's effective response in fight against the crisis," said Ye.

BEIJING, Feb. 11 (Xinhua) -- Chinese Vice Premier Li Keqiang Thursday called for greater efforts in boosting maritime activities, especially scientific expeditions to polar regions and the oceans.Li extended New Year's greetings via video signals and phone calls from Beijing Thursday to members who have been performing scientific expedition missions in oceans and polar regions.He also emphasized the importance of integrating domestic development and opening-up, serving the nation and benefiting mankind."Human activities have been spreading at an even faster speed from land to seas and oceans, polar regions, outer space. More and more people have got to know the important effects of the Antarctic, the Arctic and oceans on the global environment and development, "said Li,"a growing number of countries are eyeing the economic and scientific resources hidden there." Chinese Vice Premier Li Keqiang (2nd R) salutes to members of Chinese exploration teams at the Antarctica, the Arctic and on the ocean through video telephone at the State Oceanic Administration in Beijing, China, Feb. 11, 2010Li called on scientific expeditionists and maritime workers to continue to carry forward fine traditions and make greater efforts in furthering scientific expedition and research capabilities. He also emphasized the importance of fostering a professional team to advance the expedition activities to the polar regions and oceans. Chinese Vice Premiers Li Keqiang (front C) visits the State Oceanic Administration in Beijing, China, Feb. 11, 2010.China has set up three stations in the Antarctica and an Arctic station known as "Huanghe". China's 26th Antarctic expedition team began its journey Oct. 11 from Shanghai, with participation of 251 scientists, workers and crew members. The expedition will end April 10.

BEIJING, March 2 (Xinhua) -- The cross-Strait Economic Cooperation Framework Agreement (ECFA) would be open to opinions of business people on both sides before formal negotiations on details, a political advisory body spokesman said here Tuesday.Zhao Qizheng, spokesman of the annual session of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), made the remarks at a press conference of the top political advisory body's annual full session, which will open Wednesday.Zhao also said CPPCC members attending the session would call for "more generous" concessions from the mainland in the ECFA since Premier Wen Jiabao had pledged to make concessions."The reason is very simple -- Taiwan compatriots are our brothers," Wen said Saturday in an online chat with Internet users.Formal negotiations of the pact would be held at the fifth round of talks between the mainland-based Association for Relations Across the Taiwan Straits (ARATS) and the island' s Straits Exchange Foundation (SEF), two organizations authorized to handle cross-Strait issues.The basic content of the agreement would cover major economic activities across the Strait, including market access for commodity trade and service trade, rules of origin, early harvest program, trade remedy, dispute settlement, investment and economic cooperation.

BEIJING, Jan. 22 (Xinhua) -- China was willing to work with Liberia to expand cooperation and promote bilateral ties, said Chinese Vice Premier Li Keqiang on Friday."We should work together to tap potentials for our cooperation," Li said when meeting with Liberian Minister of Foreign Affairs and Chief Minister of Cabinet Olubanke King Akerele.Hailing the relations between China and Liberia, Li also discussed China-Africa ties with the minister, saying that the Chinese government attached great importance to the solidarity and cooperation with African nations."We will make full coordinations with Liberia and other African nations to fulfill the fruits of the fourth ministerial meeting of the Forum on China-Africa Cooperation (FOCAC)." Chinese Vice Premier Li Keqiang (R) meets with Minister of Forieign Affairs of Liberia Olubanke King Akerele in Beijing, China, on Jan. 22, 2010.At the meeting held in Egypt in November 2009, Chinese Premier Wen Jiabao announced eight new measures to strengthen pragmatic cooperation in the next three years.The eight measures include the fight against climate change, intensification of technical-scientific cooperation, reinforcement of African financial capacities and increased access of African products to the Chinese market."We should take follow-up actions in an orderly way and push forward the new type of China-Africa strategic partnership," Li told the Liberian minister.This would help deepen China-Africa friendship and benefit the African people, he noted.Akerele was here on a visit at the invitation of her counterpart Yang Jiechi. The two ministers had talks earlier Friday.Yang said since China and Liberia resumed diplomatic ties in 2003, the two countries had maintained political mutual trust, fruitful economic cooperation and close cultural exchanges.Yang appreciated Liberia's adherence to the one-China policy and its support for China on the Taiwan and Tibet-related issues."China is ready to make joint efforts with Liberia to maintain high-level exchanges, deepen economic cooperation and expand cultural exchanges, in a bid to achieve greater development of bilateral relations," Yang said.Akerele applauded China's great support and assistance to Liberia, saying her government valued the friendly cooperative ties with China.Liberia welcomed more Chinese business to make investment there, and was willing to expand cooperation with China in various sectors, she said.Liberia would also work with China to strengthen communication and coordination on the international and regional issues, such as climate change and reform of the UN Security Council, she noted.Akerele also spoke highly of China's active and comprehensive fulfillment of the FOCAC fruits, saying that her country would work with China to advance the Liberia-China cooperation and the Africa-China cooperation within the FOCAC framework.Shortly after the end of the Liberian civil war in late 2003, the West African nation reestablish diplomatic ties with China. China joined the peacekeeping mission in Liberia in December 2003 under a resolution of the UN Security Council.

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