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WASHINGTON, Oct. 22 (Xinhua) -- The military-to-military ties between the United States and China have a vital role to play in the development of an active, cooperative and comprehensive bilateral relationship, Secretary of State Hillary Clinton told retired generals from both countries here on Thursday.     In a meeting with participants of an exchange forum between retired generals of the two countries, Clinton said President Barack Obama attaches great importance to the growth of interactions between the two militaries. Exchanges between retired generals of the two militaries, Clinton said, could play an important role in facilitating a healthy development of military-to-military relationship between the United States and China.     Kurt Campbell, assistant secretary of state for East Asian and Pacific Affairs, said at a separate meeting with the retired generals that the Obama administration fully supports exchanges of this kind and hopes that such interactions could continue on a regular basis.     Through in-depth and extensive dialogues of this kind, Campbell said, the two militaries could increase mutual understanding and trust and promote growth of constructive cooperation between the two sides.     Xiong Guangkai, former vice-chief of general staff of the Chinese People's Liberation Army, is heading the Chinese delegation.

BEIJING, Nov. 18 (Xinhua) -- Chinese Premier Wen Jiabao will meet here Wednesday with US President Barack Obama, who is on his first state visit to China since his January inauguration.     They will have a working lunch before Obama's sightseeing visit to the Great Wall in the north suburb of the Chinese capital, which will be another chance for the US head of state, who toured the Imperial Palace Tuesday, to learn more about the ancient Chinese civilization.     Obama will conclude his fist visit to China and fly to the Republic of Korea, the last leg of his four-state Asian tour, in the afternoon.     He arrived in China's economic hub Shanghai Sunday night to kick off this visit as guest of his Chinese counterpart Hu Jintao.     Hu held talks with him in Beijing on Tuesday and they met international reporters for about 40 minutes after the talks, both pledging to further bilateral ties.     Top Chinese legislator Wu Bangguo also met Obama on Tuesday, several hours before a state banquet in the Great Hall of the People in downtown Beijing.     In a joint statement issued on Tuesday, the two sides spoke highly of the tremendous development achieved since the two countries established diplomatic relations 30 years ago and reached consensus on further bilateral ties. 

BEIJING, Oct. 26 -- Shanghai has applied to regulators to launch a free exchange between the yuan and the New Taiwan dollar to enhance financial cooperation, the head of the Shanghai Financial Service Office said Sunday.     "With growing trade between Shanghai and Taiwan in recent years, we hope that a free exchange between the yuan and the New Taiwan dollar can be conducted in Shanghai as a trial," said Fang Xinghai at the 6th China International Finance Forum.     "We have applied to the regulators and expect it will be approved soon," Fang said at the two-day forum which ended Sunday.     Shanghai has recently launched a cross-border currency clearing system and Fang expects that it will be extended to Taiwan soon.     By the end of April, Taiwan had invested 5 billion U.S. dollars in more than 6,000 projects in Shanghai, and trade between the two sides totaled 13.68 billion dollars in the first eight months of this year.     Although the two sides must overcome some barriers in financial cooperation, Fang said they can explore possibilities in innovative products, such as exchange-traded funds that enable investors to buy or sell shares in an entire benchmark portfolio.     "The Shanghai Stock Exchange is making efforts to introduce ETFs based on overseas equity indices (and) we can also expect Taiwan and the mainland to introduce ETFs based on each other's index," Fang said.     The two sides can also cooperate in sectors that are not directly supervised by the central government, such as venture capital.     "Taiwan is very successful in the venture capital sector, while the Chinese mainland is still in the first stage. Policies have now been eased so that Taiwan VC firms can set up branches on the mainland," Fang noted.     The Chinese mainland and Taiwan in April sealed a cooperative financial regulatory mechanism.

TAIPEI, Oct. 21 (Xinhua) -- Taiwan leader Ma Ying-jeou vowed Wednesday that he will push forward the reform of the Kuomintang (KMT) "at full speed" four days after he took the position of the party's chairman.     He said his aim of running for the chairman was to guarantee closer cooperation between the party and the administrative authorities to make the administrative work more effective.     Ma made the remarks Wednesday at the first conference for the Central Standing Committee of the KMT since he took the position.     Ma stressed that it is now a key period to strengthen the relations between the party and the administrative authorities as the island's economy is showing signs of revival.     During the conference, the party approved a decision to remove two officials from their newly-elected positions as the members of the KMT Central Standing Committee for being involved in vote-buying.

TAIPEI/BEIJING, Nov. 10 (Xinhua) -- A delegation from the Chinese mainland is expected to sign contracts with Taiwan's companies valued at more than three billion U.S. dollars during its 6-day trip on the island, the delegation head said Tuesday.     The delegation, which arrived in Taipei Monday, was headed by Liang Baohua, chief of the Communist Party of China (CPC) provincial committee in east China's Jiangsu Province.     The delegation would also sign Memorandum of Understandings to enhance cooperation in areas including economy, trade, agriculture, science and technology, tourism, culture and education, said Liang at the opening ceremony of "Jiangsu-Taiwan Week" in Taipei Tuesday. Kuomintang Honorary Chairman Lien Chan delivers a speech at the opening ceremony of "Jiangsu-Taiwan Week" held in Taipei, south China's Taiwan Province, Nov. 10, 2009. The "Jiangsu-Taiwan Week" kicked off in Taipei on Tuesday. The provincial-level delegation from the Chinese mainland is expected to sign contracts with Taiwan's companies valued at more than three billion U.S. dollars during its 6-day trip on the island.    "Our visit itself reflects the peaceful development in cross-Strait ties in the past year," said Liang when he met the Kuomintang (KMT) honorary chairman Wu Poh-hsiung Monday.     Invited by the KMT central committee, Liang was the first CPC provincial committee chief to visit Taiwan. It indicated the expanding and deepening exchanges across the Taiwan Strait, said KMT Deputy Secretary-General Chang Jung-Kong.     Taiwan had received and would witness a series of mainland delegations headed by senior officials at the provincial-level.     A delegation headed by Li Chongxi, deputy chief of the CPC's Sichuan provincial committee arrived in Taipei on Nov. 1 to discuss cooperation in trade and tourism.     Beijing Vice Mayor Ji Lin, who led a group of more than 250 members, arrived the island the next day and took part in a symposium on science and technology.     Xu Bodong, an expert on Taiwan affairs and also professor of the Beijing Union University, said the visit by the Jiangsu delegation was a continuity of trips made by Sichuan and Beijing.     "The trips reflect higher level development of cross-Strait ties as the exchanges at the local level involved more specific issues," he said. Enterprise representatives sign the cooperation memorandum at the opening ceremony of "Jiangsu-Taiwan Week" held in Taipei, south China's Taiwan Province, Nov. 10, 2009The CPC and KMT reached an agreement on the common prospects for peaceful cross-Strait development in 2005, which had now become a basic policy of the Taiwan authority, said the Taiwan-based Straits Exchange Foundation (SEF) chairman Chiang Pin-kung when he met Liang Baohua Tuesday.     Local CPC chiefs on the mainland, however, had for a long time mainly played the role as hosts to receive KMT guests from Taiwan after the positive changes took place in the island in May 2008.     For example, Liang acted as a host to receive Lien Chan, Wu Poh-hsiung and Chiang Pin-kung for several times, according to Xu Bodong.     "Now they finally came to the front of exchanges and dialogue," Xu said.     As Liang Baohua put it, "Our visit is to implement the common prospects for peaceful cross-Straits development with pragmatic measures on behalf of a province."     Following Liang's visit, Xu Guangchun, chief of CPC's Henan provincial committee, will also visit Taiwan next month at the invitation of the KMT central committee, according to the Henan provincial committee Tuesday.     Wang Jianmin, a Taiwan affairs researcher at the Chinese Academy of Social Sciences, said "local CPC committees and government could make bigger stride in promoting economic, trade and cultural exchanges with a view to the new situation in cross-Strait relations."     Exchanges and cooperation at the local level across the Strait would be institutionalized in the future and would bring greater benefits to people on both sides, Wang said. Liang Baohua (1st L), secretary of Jiangsu Provincial Committee of the Communist Party of China (CPC), Kuomintang Honorary Chairman Lien Chan (2nd L), Chen Wu-hsiung (3rd L), director-general of Taiwan Federation of Industries (TFI), and Zhang Jindong (1st R), board chairman of Suning Corporation, attend the opening ceremony of "Jiangsu-Taiwan Week" held in Taipei, south China's Taiwan Province, Nov. 10, 2009