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BEIJING, Aug. 12 (Xinhua) -- China has decided to impose anti-dumping tariffs on pure terephthalic acid imported from Thailand and the Republic of Korea (ROK), the Ministry of Commerce (MOC) said Thursday.The five-year tariffs, ranging from 2 percent to 20.1 percent, took effect Thursday, the ministry said in a notice posted on its website.The MOC said the dumping of terephthalic acid on the China market had caused substantial damage to the domestic industry.The ministry started an anti-dumping probe into imports of the acid on Feb. 12, 2009.On Feb. 12, 2010, the MOC announced the the preliminary ruling of the investigation, which required importers of pure terephthalic acid from Thailand and the ROK to put down a security deposit.Terephthalic acid is an organic compound used in polyester coatings and resins.

OTTAWA, June 25 (Xinhua) -- Visiting Chinese President Hu Jintao said on Friday that inter-parliamentary exchanges are an integral part of China-Canada relations and of great significance for enhancing mutual understanding and public endorsement of bilateral links.Hu made the remarks when meeting Noel Kinsella, speaker of the Canadian Senate, and Peter Milliken, speaker of the House of Commons.Over the years, said Hu, the National People's Congress (NPC), China's legislature, has maintained a sound relationship of cooperation and friendly exchanges with both chambers of the Canadian parliament.Chinese President Hu Jintao (C) meets with Canadian Senate Speaker Noel A. Kinsella (L) and Speaker of the House of Commons Peter Milliken in Ottawa June 25, 2010.Exchanges between the legislatures of the two countries have become increasingly vigorous with a mature mechanism and have seen many significant achievements. Such activities have played an important role in advancing bilateral relations, Hu added.The Chinese president expressed the hope that the two sides will continue to make good use of the important platform to further advance exchanges on legislation and regulation so as to promote the friendship between the two peoples and the relationship between the two countries.Over the past four decades, China-Canada relations have always moved forward despite changes in the international situation, and the two countries have conducted frequent contacts at various levels and achieved remarkable results in bilateral cooperation, Hu noted.

CANBERRA, June 17 (Xinhua) -- Prime Minister Michael Somare on Thursday met with Liu Jieyi, vice minister of the International Department of the Communist Party of China (CPC) Central Committee.Liu, who was leading a CPC friendship delegation, said the relationship between China and Papua New Guinea exemplifies China's friendly cooperation with Pacific nations.China appreciates Papua New Guinea's adherence to the one-China policy, and would like to make joint efforts with the country to deepen their exchanges and cooperation in all fields, Liu said.He said China also would like to fully unleash the potential of economic and trade cooperation, and push for sound and stable development of bilateral ties between the two countries.The CPC would like to strengthen communications with Papua New Guinea's ruling National Alliance in order to learn from each other and enhance political mutual trust, Liu said.Somare said his country regards China as an important development partner, and he is satisfied with development of their bilateral ties.

BEIJING, July 31 (Xinhua) -- China's armed forces will continue to enhance its capabilities and military readiness to safeguard sovereignty, security and development of the nation, Defense Minister Liang Guanglie said Saturday.Liang made the remarks while addressing a reception held in Beijing to mark the 83rd anniversary of the founding of the People's Liberation Army (PLA) on Aug. 1."We will continue to strengthen the PLA's capability to accomplish diversified military tasks, particularly for winning regional wars under informationized circumstances, to firmly safeguard national sovereignty, security and development," he said.He said China's core security interest will always guide the development of the Chinese army.Representatives attend a reception hosted by the Ministry of National Defence of the People's Republic of China, to mark the 83rd anniversary of the founding of the People's Liberation Army, in Beijing, capital of China, July 31, 2010.He said the army should strengthen military training, adopt more high and new technology weapons and equipment, improve military logistics and increase combat capabilities by using information technology.The PLA will actively take part in and support economic development, keep sabotage of hostile and separatist forces at bay, and contribute to the development and stability of the country, he said.Liang, also a member of the Central Military Commission (CMC) and a state councilor, said the army will continue to devote itself to the country's complete reunification while promoting a peaceful development of relations between the Chinese mainland and Taiwan."We will continue to oppose separatist activities of 'Taiwan independence' forces, while firmly safeguarding national sovereignty, security and territorial integrity," Liang said."The PLA will enhance exchanges and cooperation with armed forces of all countries, in accordance with the principles of mutual respect, equal negotiation, and reciprocity," he said."The Chinese army will also actively fulfill international responsibilities and obligations, and will contribute to the world peace and development," Liang said.In August 1927, armed forces led by the Communist Party of China held an uprising against warlords. The first day of August was later designated as the PLA's founding day.

BEIJING, June 18 (Xinhua) -- China's central bank said Friday more flexibility would be allowed to guide money policies based upon changing circumstances if inflationary pressures increase during the economic recovery along with rising market confidence.The risk of higher prices may grow stronger given that liquidity remains loose throughout the world and China has experienced much faster credit growth earlier, according to the Annual Report 2009 issued Friday by the central bank, the People's Bank of China (PBOC).China's financial institutions lent a record 9.6 trillion yuan (1.4 trillion U.S. dollars) in new yuan-denominated loans last year, almost double that of the previous year, to spur the economy during the ongoing global downturn, but it was accompanied by soaring property prices and rising expectations of possible inflation.China has targeted a total of 7.5 trillion yuan in new loans for 2010.But prices were still very likely to remain stable as China's grain harvest has been substantial for a number of years, and manufacturers of consumer goods have been seeing rising productivity, which ensured supply, the central bank said.China's Consumer Price Index, a main gauge of inflation, rose 3.1 percent in May, exceeding the government target to keep the nation's inflation rate under 3 percent for 2010.National Bureau of Statistics spokesman Sheng Laiyun earlier said the higher inflation in May was due to a low comparison basis from the same period last year, and inflationary pressure was easing given that China had the basics for keeping prices under control.However, the nation needed to safeguard the supply of sufficient agricultural products and curb soaring housing prices in some cities to manage inflationary expectations, according to the report.Relatively relaxed monetary policy to remainThe central bank report said China would maintain its moderately relaxed monetary policy in 2010, projecting for this year a 17 percent increase in broad money supply (M2), which covers cash in circulation and all deposits.Central bank vice governor Su Ning earlier said a 17 percent year on year increase in China's broad money supply, and a targeted 7.5 trillion yuan in new loans for this year, indicated a relatively relaxed monetary policy.Additionally, China's M2 had increased 21 percent year on year to 66.34 trillion yuan by the end of May, according to PBOC data.The central bank said in the report it would work to control the pace of credit growth, maintain the balance of credit, and avoid apparent fluctuations.The central bank also said a differentiated credit policy should be carried out to optimize the nation's credit structure.Specifically, more credit support should be made available for agriculture and small and medium-sized companies, which traditionally face difficulties in obtaining financing.Favorable credit policies should also be implemented to support underdeveloped sectors, employment, strategically important industries such as new energies, new materials, and energy savings, while strict credit controls should be imposed upon energy-consuming and pollutingindustries and those with overcapacities, according to the report.Steady Progress of RMB Exchange Rate ReformThe PBOC said China was to steadily continue market reforms of exchange rates and improve the RMB (Chinese currency) exchange rate formation mechanism.Further, principles of independent decision-making, controllability and graduality should be enacted in improving the mechanism, according to the report.The central bank would also work to make trade and investment moreconvenient by promoting the yuan settlement in cross-border trade.China previously signed a number of bilateral currency swap agreements with countries such as the Republic of Korea, Malaysia, Belarus, and Indonesia.