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NEW YORK, April 26 (Xinhua) -- Jean-Claude Trichet, the president of the European Central Bank, called in New York on Monday for strengthening global governance amid the economic recovery process.The crisis showed that gaps in the system of global governance, in terms of both efficiency and legitimacy, have to be filled, Trichet said in a keynote speech at the Council on Foreign Relations in New York.Global governance in the financial sphere has fared during the crisis, he pointed out. "One dimension of international cooperation that I consider to have worked particularly well during the financial crisis has been that among central banks, both bilaterally and channeled through the various Basel-based committees.""But as much as some aspects of global governance appear to have passed the severe test of the global crisis, we should remember the significant shortcomings that may have contributed to creating the conditions for the crisis to happen in the first place," he added."One is the lack of coordination in financial regulation that was pervasive before the crisis and which encouraged financial institutions to engage in a large degree of regulatory arbitrage. This was the unavoidable result of the fact that while financial players were becoming increasingly global, and despite the remarkable efforts of the Basel Committee in respect of the banking sector, financial regulation remained largely national, with only relatively weak coordination at the international level, " said the president.

LOS ANGELES, June 4 (Xinhua) -- U.S.-China relations are improving on the back of their need for mutual support after undergoing a rocky period earlier this year, U.S. Congressman Adam Schiff said here Friday.The bilateral relationship came under pressure due to U.S. arms sales to Taiwan, the ** Lama's U.S. visit and tensions in the Korean Peninsula, but the overall situation was good and the bilateral cooperation was at a very high level, the Democratic congressman from California told a Chinese press club luncheon.Schiff said he didn't think the current tensions on the Korean Peninsula would have a serious impact on U.S. relations with China.He said both countries needed each other's support in forums such as the six-party talks to resolve the issue of nuclear proliferation on the peninsular.The United States also needed China's cooperation in developing alternative and green energy. The two nations could not simply compete with each other on this front, but needed to learn from each other, he said.Schiff sponsored the Nuclear Forensics and Attribution Act to strengthen the U.S. Department of Homeland Security's efforts in developing techniques for "fingerprinting" nuclear material and encouraged U.S. President Barack Obama to negotiate international agreements to govern international nuclear forensics activities.Schiff is also leading the effort to combat intellectual property theft. He is a co-chair of the Congressional International Anti-Piracy Caucus, a bipartisan group of House and Senate lawmakers dedicated to working with America's international trading partners to secure the enactment of strong copyright laws as well as their vigilant enforcement.Schiff said Hollywood movies are popular in China and the movie industry is one of the few sectors enjoying a trade surplus.He said it was important for the U.S. to strengthen its efforts to fight piracy, admitting that in this field, the United States and China had many concerns.

BEIJING, June 5 (Xinhua) -- An earthquake measuring 4.6 degrees on the Richter scale jolted Yangqu County of Taiyuan city in northern China's Shanxi Province at 8:58 p.m. Saturday, according to the China Earthquake Networks Center.The epicenter was 38.2 degrees north latitude and 112.7 degrees east longitude, at a depth of 5 km.No instant reports of casualties are available.

BEIJING, April 1 (Xinhua)-- Chinese Vice President Xi Jinping on Thursday urged to remove "disturbance" in the China-U.S. relationship to promote long-term, healthy and stable bilateral ties.Xi made the remarks while meeting with a U.S. bipartisan delegation led by former U.S. Secretary of State Madeleine Albright and former U.S. Assistant Secretary of State Richard Williamson.The governments, parties and politicians of both China and the United States should "learn from history, cherish current opportunities, march with the times and take a broad view of bilateral ties," Xi said.  Chinese Vice President Xi Jinping (1st R) meets with a U.S. bipartisan delegation led by former U.S. Secretary of State Madeleine Albright and former U.S. Assistant Secretary of State Richard Williamson in Beijing, capital of China, on April 1, 2010Xi said he hoped the two sides will overcome difficulties and remove disturbances to improve bilateral ties for the benefit of the two nations and the world.The 18-member U.S. delegation is in Beijing to attend the first high-level dialogue with the Communist Party of China (CPC), which was held on Wednesday.It is also the first time the two U.S. political parties have sent a bipartisan delegation to China.

来源：资阳报