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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.

NANJING, Feb. 3 (Xinhua) -- China's Vice Premier Wang Qishan said on Monday that the country should take advantage of the rare opportunity to expand the outsourcing industry.     The State Council has identified 20 pilot cities to take part in a program that offers perks to businesses that opt to participate in outsourcing. The program will help ensure economic growth, industry restructuring and the job promotion -- notably for the college graduates, according to Wang in an industry meeting held on Monday in the east city of Nanjing.     The government would offer more support in tax breaks, financing, and vocational training, Wang said.     The Vice Premier noted it was important to nurture China's outsourcing industry, and local governments should create sound legal conditions to pave the way for the industry expansion.     Twenty cities, including Beijing, Shanghai, Xi'an, Suzhou and Hangzhou, have been designated for pilot service outsourcing programs. Beginning Jan. 1, these companies are eligible for tax breaks, financial support, subsidies and intellectual property rights protection, the Ministry of Commerce (MOC) said on Monday.     More multinational companies and financial institutions, hard hit by the global financial crisis outsource their business to less costly regions. This creates an opportunity for Chinese outsourcing companies, said vice minister of MOC Ma Xiuhong.     McKinsey, the New York based consultancy, said in a report last month that China posted rapid growth in the business but was lagged behind India, whose market value was nine times that of China.     The report said that despite the challenges, China still had potential to become the main outsourcing destination in the future.

BEIJING, March 10 (Xinhua) -- Yi Gang, vice governor of China's central bank, said Tuesday that China still has room to cut interest rates, but such room is "quite limited".     "China still has room to cut interest rates, but not a lot," Yi told Xinhua.     "The room for cuts is quite limited, because a zero interest rate is not the best choice for China at the moment," he said.     The People's Bank of China, the country's central bank, has cut interest rates five times and reduced required reserve ratio for commercial banks four times since last September.     The one-year benchmark deposit rate now stands at 2.25 percent.     Yi pointed out interest rates of China and the United States are actually almost the same.     The 12-month deposit rate in the U.S. stands at around 2 percent, although its key interest rate, or an inter-bank rate, is zero to 0.25, he explained.     The equivalent inter-bank rate in China is at around 0.8 percent, he added.     China's current rate still has room for manoeuvre, Yi said, but if the interest rate falls to zero, there will be no more room for using interest rates to deal with any further world economic downturn.     Su Ning, also vice governor of the central bank, told Xinhua on Monday that China still has plenty of space to manoeuvre in its monetary policy.     Su said the room for further adjustment is "smaller but still exists."     "There's a quite a lot of room for cutting the bank's reserve requirement ratio," he added.

CANBERRA, March 21 (Xinhua) -- Li Changchun, a senior official of the Communist Party of China (CPC), met with Australian Prime Minister Kevin Rudd here Saturday, and the two leaders pledged to combat the financial crisis and further develop bilateral ties.     After conveying greetings from Chinese President Hu Jintao and Premier Wen Jiabao to Rudd, Li, a member of the Standing Committee of the Political Bureau of the CPC Central Committee, expressed sympathy to Australia for the recent bushfires and floods. Australian Prime Minister Kevin Rudd (1st R) meets with Li Changchun (1st L), a member of the Standing Committee of the Political Bureau of the Central Committee of the Communist Party of China, in Canberra, capital of Australia, March 21, 2009On bilateral ties, Li proposed both countries keep high-level exchanges and he welcomed Rudd and other Australian leaders to visit China.     He suggested the two countries expand economic cooperation on the basis of mutual benefits. "Proceeding from the fundamental interests of our development, our two countries should promote energy and resources enterprises to forge long-term strategic cooperative relations," he said.     He also urged the two sides to steadily advance negotiations on the Free Trade Agreement in line with active, pragmatic, balanced and mutually beneficial principles.     Australia is a major destination for Chinese overseas students and tourists. Li pledged to strengthen bilateral cultural links between the two peoples. He welcomed the Australian side to participate in the World Expo due to be held in Shanghai in 2010.     Both China and Australia are important countries in the region.Li suggested both countries maintain close consultation on such major matters as combating the financial crisis and coping with climate change. Li Changchun (L Front), a member of the Standing Committee of the Political Bureau of the Central Committee of the Communist Party of China, visits the National Museum of Australia in Canberra, capital of Australia, March 21, 2009The Group of 20 London Summit will be due in early April. Rudd told Li that he anticipated meeting again with Chinese President Hu Jintao during the summit. The close contacts between the leaders of the two countries have promoted the growth of bilateral ties and the expanding common interests have opened broad prospects for bilateral cooperation in all areas, he said.     He also spoke highly of the stimulus measures adopted by China after the financial crisis. He said that the role of G20 should be given full play for accumulating a consensus for addressing the current financial and economic problems.     On the reform of the international financial system, emerging countries should increase their say and decision-making rights, he said.     Also on Saturday, Li visited the National Portrait Museum and National Museum of Australia.     Li arrived in Australia on Friday. Australia is the first-leg of Li's four-nation tour which will also take him to Myanmar, the Republic of Korea and Japan.

BEIJING, April 10 (Xinhua) -- Chinese President Hu Jintao on Friday congratulated Kim Jong Il, the top leader of the Democratic People's Republic of Korea (DPRK), on his reelection as chairman of the country's National Defense Commission.     Hu, also General Secretary of the Communist Party of China (CPC) Central Committee and Chairman of the Central Military Commission, said in a congratulatory note to Kim that China is ready to work with the DPRK to further boost the good-neighborly, friendly and cooperative ties between the two nations.     The First Session of the 12th Supreme People's Assembly of the DPRK reelected Kim as chairman of the National Defense Commission on Thursday.

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