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BEIJING, May 29 -- The Asian Development Bank (ADB) has called on Asian economies to strengthen their infrastructure investment through an effective financing framework to achieve higher and more sustainable growth.To that end, the bank said that as much as 0 billion would have to be invested annually in infrastructure across the region from 2010 to 2020. This means that around .25 trillion would be invested in that period in national and cross-regional infrastructure projects."In view of Asia's enormous untapped economic potential and the global financial crisis, now is the time to build efficient and seamless connections across Asia and with the rest of the world for a more competitive, prosperous and integrated region," said Masahiro Kawai, dean and CEO of the ADB Institute.A man working at the construction site of a railway line in Hainan province. The required infrastructure investment in the next 10 years is expected to produce income gains of about trillion across Asia.To meet the financing needs, the region could build an effective framework to mobilize its vast domestic savings as the main source, while encouraging private financing and participation involving public-private partnerships through "bankable" projects, said Kawai.He also suggested the strengthening of national and regional local currency bond markets, notably through the Chiang Mai Initiative, the Association of Southeast Asian Nations + 3 bond market initiative, and the Asian Bond Fund.

BEIJING, April 22 (Xinhua) -- A leading Chinese government think tank Thursday forecast the country's 2010 economic growth would top the 8-percent target set by the central government by almost 2 percentage points.The Chinese Academy of Social Sciences (CASS) forecast China's gross domestic product (GDP) would expand by 9.9 percent this year, 1.2 percentage points higher than last year's growth rate.Its forecast is higher than the 9.6-percent economic growth predicted by the Asian Development Bank earlier this month.Fixed assets investment would rise 33.3 percent year on year in 2010, said a blue book on China's 2010 economic prospects jointly released by the CASS and the Social Sciences Academic Press.The CASS said a slim chance existed of serious inflation in China this year with the consumer price index (CPI), a main gauge of inflation, growing within a moderate range.The book also said the government should make economic policies more flexible and better targeted over the rest of the year, while mapping out plans to withdraw stimulus measures gradually within the next two years without jeopardizing economic growth.China's GDP grew 11.9 percent year on year in the first quarter to 8.06 trillion yuan (1.19 trillion U.S. dollars) and fixed assets investment rose 25.6 percent to 3.53 trillion yuan during the same period.The country's CPI rose 2.4 percent year on year in March, below the government target limit of 3 percent.

KABUL, April 25 (Xinhua) -- Two Chinese hostages who have been held by Afghan militants for over three months were released Saturday, the Chinese embassy said here Sunday.Yin Juming, the embassy charge d'affaires, told Xinhua that the two Chinese nationals working with the China Railway 14 Bureau were set free by the militants in western Afghanistan's Faryab province.Zhang Fengqiang, an engineer, and Wu Yulin, a worker, were seized by militants who claimed to be Taliban insurgents on Jan. 16 enroute from the working site to the residence camp in the province, said the Chinese diplomat.The duo were awaiting the journey back to China to reunite with their families, he said.

PORT-AU-PRINCE, March 27 (Xinhua) -- Edmund Mulet, head of the UN Stabilization Mission in Haiti (MINUSTAH), on Saturday extended his gratitude to the Chinese peacekeepers and riot police in the quake-ravaged country."I am here to show my respect to the Chinese riot police team and our sincere gratitude for your outstanding performance on behalf of the United Nations," said Mulet during an inspection tour of their campsite.He noted the United Nations was satisfied with the high efficiency of the eighth contingent of Chinese riot police, which was sent to Haiti for the second time. Though there have been several rotations, their dedication and commitment to the peacekeeping mission remain unchanged.When they lost eight members in the 7.3-magnitude earthquake, the Chinese squad did everything they can to tackle the challenges and support MINUSTAH's operation. They had won wide acclaim by the local people, he said."I feel gratified to work with such an excellent police team like you," Mulet added.During the inspection, he also watched and spoke highly of the fighting performance of the Chinese police.Mulet is a Guatemalan diplomat and had previously served as the UN Secretary General's Special Representative to Haiti. He succeeded Hedi Annabi as head of the MINUSTAH after Annabi died in the Haiti earthquake.

BRASILIA, April 16 (Xinhua) -- Chinese President Hu Jintao explained to several foreign leaders why he had to cut short his visit after a deadly earthquake in northwestern China's Qinghai province."At this difficult time, I need to return to my country urgently, to be together with the people of China, pitching in with the earthquake rescue efforts," Hu said to the leaders.A 7.1-magnitude quake struck the Tibetan Autonomous Prefecture of Yushu on Wednesday, killing at least 1,144 people and leaving 294 missing and 11,486 injured. About 100,000 people have been relocated.When the tragedy was reported to Hu, he had just attended the Nuclear Security Summit in Washington. Hu held an urgent meeting to analyze the sudden quake.Hu urged all-out efforts to save lives and provide assistance to people in the disaster zone. He also asked authorities to step up precautions to ward off potential risks of aftershocks and called for efforts to safeguard social stability in the quake-hit region.Hu ordered the urgent mobilization of planes to transfer quake relief workers to the disaster areas, and dispatched soldiers there for aid.He proposed the reduction of the Brasilia-held summit of BRIC, which groups Brazil, Russia, India and China, shortened his visit to Brazil, and postponed a trip to Venezuela and Chile.The leaders of Brazil, Russia and India all expressed understanding of and support for China's proposal and agreed to compress the original two-day summit into a one-day event.