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TASHKENT, May 3 (Xinhua) -- Regional financial cooperation in East Asia has made active progress over the past year, Chinese Finance Minister Xie Xuren said after meeting with his counterparts from countries in the region.In particular, achievements were made in establishing the regional multilateral financial assistance mechanism and in promoting an Asian bond market, Xie told Xinhua on Sunday after attending the finance ministers' meeting of the Association of Southeast Asian Nations, plus China, Japan and South Korea (ASEAN+3) here.Xie said all parties concerned reached further consensus on basic parameters of a regional economic surveillance unit at the meeting.Uzbek President Islam Karimov(L) shakes hands with Chinese Finance Minister Xie Xuren in Tashkent, capital of Uzbekstan, May 3, 2010. The unit is responsible for monitoring the countries' economic and financial situations and providing advices for the regional foreign currency reserve pool, known as Chiang Mai Initiative Multilateralization (CMIM) that formally came into effect on March 24, 2010.The ASEAN+3 meeting also announced the setting up of a regional credit guarantee and investment fund with an initial grant of 700 million U.S. dollars, in an effort to promote the issuance of bond in domestic currencies within the region, Xie said.The finance ministers also agreed to create a working group to discuss future strategic fields for regional financial cooperation.

BEIJING, May 20 (Xinhua)-- China on Thursday says it has noted the investigation results released by the Republic of Korea (ROK) over the sinking of a ROK warship, calling on all parties to exercise calmness and restraint over relevant issues of the sinking.Foreign Ministry spokesman Ma Zhaoxu made the remarks at a regular press briefing when responding to questions.He said China upheld that all parties should exercise calmness and restraint, properly deal with relevant issues, and avoid escalation of the situation.After the sinking of the ship, China expressed condolences and sympathy to the ROK on many occasions for their casualties, which fully embodied China's understanding of the grief of the ROK government and people.Ma said China has always viewed and dealt with international and regional affairs in a fair and objective manner.China is always devoted to safeguarding regional peace and stability, and promoting the progress of the six-party talks on the denuclearization of the Korean Peninsula, he said, adding China was opposed to any activities which could run counter with the commitment.The 1,200-ton "Cheonan," with 104 crew members onboard, went down on March 26 near the South Korean island of Baekryeongdo off the west coast after an unexplained explosion, killing 46 crew members.

BEIJING, April 3 (Xinhua) -- China's Purchasing Managers' Index (PMI) of the non-manufacturing sector rose to 58.4 percent in March, a rebound of12 percentage points from February, when the index fell below the boom-bust line of 50 percent for the first time since a year earlier, an industrial association said Saturday.The PMI, designed to provide a real-time snapshot of business conditions, includes a package of indices including new orders, inventory levels, production and others that measure economic performance. A reading of above 50 percent suggests expansion, while one below 50 percent indicates contraction.The rise of the index indicated robust market activities in service sectors, which combined with an optimistic outlook that would encourage private investment and promote healthy and coordinated development of national economy, said the China Federation of Logistics and Purchasing (CFLP) vice president Cai Jin.According to the CFLP survey, the new order sub-index for China's non-manufacturing sector climbed to 54.6 percent last month, up 8.4 percentage points than February. The outlook sub-index was 70.4 percent, up 2.4 percentage points.The CFLP survey covers 20 non-manufacturing industries, including logistics, wholesale, hospitality, supermarkets and construction.The PMI for manufacturing sectors rose to 55.1 percent in March, the 13th straight month that the index was above 50 percent.

JI'NAN, March 31(Xinhua) -- A senior Chinese legislator has called for greater efforts to promote women's awareness and ability to safeguard their legitimate rights and interests.Chen Zhili, vice chairwoman of the Standing Committee of the National People's Congress, China's top legislature, made the remarks during a week-long inspection tour of the eastern Shandong Province ending Wednesday.Chen was sent by the top legislature to inspect how local law enforcement agencies implemented the Law on the Protection of the Rights and Interests of Women.The law, which took effect on Dec. 1, 2005, had played an important role in protecting women's legitimate rights, raising their social status and mobilized them in the country's modernization drive in an active and innovative manner, she said.She called for more efforts to publicize the law to make people aware of the law's significance in protecting women's rights.Chen, also chairwoman of the All-China Women's Federation, said Chinese women faced challenges such as discrimination and a lack of labor rights.

BEIJING, April 21 (Xinhua) -- Chinese Vice Premier Hui Liangyu said Wednesday significant progress had been made in relief work in Yushu region since it was hit by a strong earthquake a week ago."Rescuers have reached all affected villages, all the injured have been cured or are being treated, all the seriously injured have been transferred for treatment outside the quake zone, and all survivors have emergency shelters," Hui said at a meeting in Beijing.The State Council, or Cabinet, meeting on quake relief started Wednesday morning with a brief silence in respect for the dead, which numbered 2,183 by Wednesday afternoon.A medical worker of the Chinese public security frontier defense troop helps Zhaxi Deleg of the Tibetan ethnic group injured in the earthquake to bandage up his leg in Gyegu Town of Yushu County, northwest China's Qinghai Province, April 20, 2010. People felt reassured and the society was stable in Yushu, Hui said at the meeting.He instructed officials to start planning reconstruction while taking into full consideration the geological, climatic and demographic characteristics of the quake zone.At a similar meeting on Monday, Hui said the government would promptly draw up and implement reconstruction plans based on scientific assessment and good planning.The 7.1-magnitude earthquake in Yushu, Qinghai Province, also left 84 people missing, and 12,135 injured.

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