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BEIJING, Feb. 4 (Xinhua) -- Chinese Vice President Xi Jinping has called for offices at all levels responsible for the research of the history of Communist Party of China (CPC) to play a more important role in improving the Party's ruling abilities. Xi, also a member of the Standing Committee of the Political Bureau of the CPC Central Committee, made the remark at a meeting attended by officials in charge of the Party history research offices at the provincial level on Wednesday. Xi urged the Party committees to provide financial and human resource support for those offices and encouraged Party history researchers to play stronger role in education among the Party members. The Vice President said Party history research organs should take the opportunity in the year of 2009 when the People's Republic of China celebrates the 60th anniversary of founding. Xi stressed that the offices should promote the Party's ruling abilities and solidify the CPC's status as the governing party.
BEIJING, April 9 (Xinhua) -- Top political advisor Jia Qinglin met visiting Taiwan journalists here Thursday, expecting media to bridge the two sides of the Taiwan Strait. Jia, chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), urged media on both sides to improve cooperation and exchanges as a bridge between people across the Strait. Their cooperation will help create a favorable environment for cross-Straits exchanges and encourage people on both sides to work for peaceful development, he said, when meeting with journalists from the Taiwan-based United Daily News (UDN) headed by Duncan Wang, chief executive officer (CEO) of UDN Group. Jia appreciated the efforts UDN has made to improve relations and promote cooperation across the Strait. The two sides of the Strait have seen favorable interaction since last year, while the relations headed for a peaceful development, he said. "We hope people on both sides can benefit from the improving ties and the region can remain in peace and stability." Jia Qinglin (5th L, front), chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), poses for group photo with journalists from the Taiwan-based United Daily News (UDN) headed by Duncan Wang (4th R, front), chief executive officer (CEO) of UDN Group in Beijing, capital of China, April 9, 2009.Both sides of the Strait should move ahead under the principles of building mutual trust, laying aside disputes, seeking consensus and shelving differences, and creating a win-win situation, he said. "We can continue cross-Strait talks stage by stage, easy issues and economic topics first, difficult issues and political topics later," he said. "Now we should pay more attention to improving economic cooperation so as to normalize economic relations as early as possible." Efforts should be made to establish an economic cooperative mechanism that fits the region's reality, he said. The two sides of the Strait should also promote more exchanges in the cultural and education sectors and improve communications between common people, he added. The Taiwan journalists were visiting the mainland at the invitation of Xinhua News Agency.

BOAO, Hainan, April 19 (Xinhua) -- Chinese officials and entrepreneurs said Sunday that China should have bigger say in setting commodity prices, as oil and iron ore prices saw roller-coaster-like fluctuations in the past two years. The drastic price changes are not reflecting real demand, but are propped up by financial speculators, said the senior executives of China's top energy enterprises at the Boao Forum for Asia (BFA) annual conference 2009, which concluded Sunday in the island resort of Boao in south China's Hainan Province. They said commodity prices should be pulled back to normal track to reflect real demand, otherwise the inflation woe will come back and make business expansion unsustainable. PRICE AND REAL DEMAND "Although we are the biggest commodity buyer in the world, our role in the price setting is limited," said Zhang Xiaoqiang, vice minister of the National Development and Reform Commission (NDRC), China's economic planning agency. China's steel makers have fallen into a prolonged bargain with the world's major iron ore producers, demanding a sharper price cut than the 20 percent-off deal plan offered by the Rio Tinto of Australia, as the world's No.1 iron ore importer has less demand amid the economic slowdown. Iron ore prices increased five fold in the five years before 2008. Xu Lejiang, boss of the Baosteel Group Corporation, China's largest steel maker, said at the forum that nothing is more important than the normalization of iron ore pricing, without elaborating how much more price cut he wants. The continuously rising iron ore prices partly reflected demand, but that's not the whole picture, said Xu. The prices tumbled by more than two thirds from a peak of 187 U.S. dollars per tonne last year. Speculative trading on iron ore shipping index helped fan the volatility, since shipping costs comprise a large share of the iron ore prices. The Baltic Dry Index (BDI), a main gauge of international shipping activities, has plummeted from a peak of 11,000 points to above 600 points, which is certainly what people are reluctant to see, Xu said. His view was echoed by Fu Chengyu, chief executive officer of the China National Offshore Oil Corporation (CNOOC), the largest offshore oil producer in China. He said the prices are bound to fall after irrational rise. He said the loose monetary policy in the United States should be blamed for the skyrocketing oil prices last year. "If no measures were taken, the world would see another round of inflation after we weather through the crisis," he said. He noted the pre-emptive measures should be put into place to avoid that, otherwise the next headache for the G20 leaders will be how to fight inflation. "We should prepare for tomorrow," Fu said. Zhang Xiaoqiang said international collaboration is essential to enhance the oversight of the financial speculation. ACTION BEFORE CRISIS The volatile external conditions forced many Chinese energy enterprises to seek their own way to offset the negative impacts of price fluctuations. Cost saving has always been important to CNOOC, said Fu. "We have cut the cost to 19.78 U.S. dollars per barrel, and that has allowed us to get through with ease when prices fall." "We step up investment with the current cheap prices, and that will help us flourish after the crisis," Fu said. To offset the negative impacts of price changes, many Chinese enterprises have been engaged in hedge trading and other derivative products investment, but many failed with mounting losses. "CNOOC has lost nothing, since we use hedge trading to preserve value, rather than make money," he said. "Hedge trading is not speculation," said Fu who has 30 years of experience in the oil industry. Fu called on Asian countries to negotiate with the world's major crude oil suppliers, as Asian nations have to pay 1 to 2 U. S. dollars more per barrel than other buyers. Zhang Xiaoqiang noted China will continue to liberalize domestic prices of energy products and resources, saying the recent reform of refined oil prices is a good start. "We should beef up our commodity reserve to ensure plenty supply in order to offset the negative impacts of big price changes," Zhang said. As the Chinese government has announced plans to build the second batch of national oil reserve bases, enterprises can try to have their commercial energy reserves in the future.
BAMAKO, Feb. 12 (Xinhua) -- Chinese President Hu Jintao Thursday vowed to increase aid to African countries, cancel part of their debts, and expand trade with and investment in these countries. Hu made the statement while meeting with his Malian counterpart Amadou Toumany Toure. Hu, making his first visit to this western African nation, was accorded a 21-gun salute in a welcome ceremony before the two presidents started talks. This is Hu's second African tour since the landmark China-Africa summit in 2006 when Hu announced eight measures to promote ties with Africa, including massive tariff cuts and debt exemptions for scores of African countries, and doubling aid to Africa over a three-year period. In the past two years, China has increased aid to African countries, eliminated tariff for goods from some least developed African nations, and cancelled parts of the debts owed by African countries, Chinese Assistant Foreign Minister Zhai Jun said days ahead of Hu's visit. Chinese President Hu Jintao (L) meets with Malian President Amadou Toumany Toure in Bamako, Mali, on Feb. 12, 2009 Trade between China and African countries increased to 106.8 billion U.S. dollars last year from just under 40 billion dollars in 2005, according to the Chinese Commerce Ministry. Hu said that as the world financial crisis has posed severe challenges, it is of greater significance to step up China-Africa solidarity and cooperation. "China is paying much attention to African countries' difficulties and concerns as the global financial crisis has begun to take a toll on Africa," Hu said. "We would like to increase communication and exchanges with Mali and other African countries so that together we will tide over the crisis," Hu said. On China-Mali ties, Hu said the two countries will usher in a new era of development as next year marks the 50th anniversary of their diplomatic ties. Hu hailed the past 49 years of friendship as a "paradigm of south-south cooperation" and described the two nations as "good friends, partners and brothers." To boost bilateral relations, Hu proposed that both nations keep high-level visits and increase exchanges between their governments, parliaments, militaries and non-governmental organizations. On economic ties, Hu proposed that both sides step up coordination and carry out government-to-government cooperative programs. Furthermore, the Chinese government would like to encourage and support Chinese businesses with strong capacities to invest in Mali, he said. Hu called for the two countries to work more closely in telecommunications, agriculture, and infrastructure construction among others. He also suggested setting up a bilateral trade and technology steering committee so as to plan and coordinate cooperative programs. China welcomes Mali to showcase its civilization and arts in the 2010 Shanghai Expo, Hu said. Hu also pledged to continue to offer help in personnel training and provide Mali with medicines and equipment to fight malaria. On international affairs, Hu said China will urge the international community to pay greater attention to Africa's development and help the continent attain the United Nations Millennium Development Goals. On his part, President Toure said his people cherished their friendship with China, which is sincere, consistent and durable. Toure also appreciated China's long-term assistance for his country, which he said played an important role in promoting Mali's economic and social development and improving people's livelihood. Looking to the future, Toure said his country will strengthen solidarity and friendly cooperation with China. He said that Mali will, as always, adhere to the one-China policy. Following their talks, the two leaders signed cooperative deals and gave a briefing to the media. During his two-day stay in Bamako, Hu will meet with President of the Malian National Assembly Dioncounda Traore. Hu is also scheduled to attend the inauguration of a China bridge construction aid project in Bamako and the opening ceremony of a China-aided anti-malaria center, and meet Chinese medical workers in Mali. From Mali, Hu will travel to the three African countries of Senegal, Tanzania and Mauritius.
HORSHAM, Britain, March 15 (Xinhua) -- The G20 finance ministers and central bank governors meeting sent a positive signal that the international community is rising unitedly to the economic and financial challenges, Chinese Finance Minister Xie Xuren said here Saturday. As the financial crisis continues to spread and bites harder from one country to another, solidarity achieved at the meeting will help boost market confidence and stabilize economic and financial conditions, Xie told Chinese reporters shortly after the meeting. Xie said the meeting provided a platform for economic leaders to have in-depth discussions on enhancing exchanges and coordination on policy issues. He said participants agreed to continue to adopt effective policies and measures and strengthen coordination on macroeconomic policy to restore market confidence as soon as possible. They also reached consensus on further deepening trade and economic cooperation and fight trade and investment protectionism, Xie said. Participants unanimously agreed to promote international trade with an open mind and pay close attention to the difficulties of the developing countries, especially the least developed countries, the minister added. Participants also agreed to strengthen financial supervision, enhance transparency and accelerate the reform of international financial institutions to ensure that the developing countries will have greater representation and bigger say, he said. Xie said China took an active part in the discussions on all issues at the meeting and extensive exchanges and consultations with various parties on the effective ways to deal with the global financial crisis and promote global economic revival and growth. China calls on countries around the world to strengthen policy coordination and step up the fight against protectionism to better cope with the crisis, he said. Xie said the meeting had made some necessary preparation for the upcoming G20 financial summit in London, and created a favorable atmosphere for a successful London summit.
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