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NAIROBI, Feb. 12 (Xinhua) -- Achim Steiner, UN Under Secretary- General and Executive Director of the United Nations Environment Programme (UNEP) told Xinhua in an interview on Friday that China played a significant role in the process leading up to Copenhagen Climate Change Conference."I think China played a very significant role in the process leading up to Copenhagen, and in a sense it became very engaged at the highest international political level in the process," the UNEP chief said.Steiner noted that China took a significant step forward when it made its announcements of voluntary actions a few weeks before Copenhagen. And that sent a very important signal to the negotiations."We saw similar actions taken by Mexico, by South Africa, by Brazil, by Indonesia and also India. That created an opportunity," he said.Steiner admitted that Copenhagen did not deliver what the world had hoped, which was a deal among developed and developing countries to achieve significant agreement in reduction of emissions. However, he maintained that it was also not the failure that some people had attributed to it."I think in history it shall be written as a missed opportunity. We are now focused on moving forward towards Mexico and the world has an opportunity to reach an agreement," he said to Xinhua.On China's situation of environmental protection and carbon emissions reduction, Steiner said the nation has made rapid progress yet challenges still remain.He stressed that China has begun to take a different development path. Chinese leaders and people have started to look at development also from a sense of balance. And therefore environmental protection and sustainable development have taken a far quicker route of being addressed today than by some industrialized nations have done in historical terms."I think many of the measures the government is taking, from establishing a ministry of environmental protection to new legislation, to setting pollution standards, showed that in a period of just 10 to 15 years, China has walked a distance that some other countries had taken 30 to 40 years," he said.The UNEP chief added that "also let us be very realistic that environmental challenge for China is significant, and therefore effective action is necessary and urgent."He lauded China for including the notion of ecological civilization and the transition to a green economy into part of the country's mainstream development planning and the next Five- Year Development Program."To me it provides some very encouraging signs that we will see a very different economic development philosophy emerging in China. And this is also UNEP's mission to work with China in bringing the latest science and knowledge that have been developed across the world on green economy opportunities into the debate and discussions in China," he said.Referring to the upcoming Shanghai EXPO, Steiner said such big events can be not only a showcase for the country, but can also act as an experiment with policies, with new technologies and with new ways of management."The Shanghai EXPO, with the theme of 'Better City, Better Life, ' has put the quality of life, which is so closely related with environment management, at the heart of this international event," he said.Steiner compared the EXPO to the Beijing Olympics, saying that the 2008 Olympic Games in Beijing provided many examples of innovation technology as well as environmental management initiatives. It is in his belief that the Shanghai EXPO will just stand in the same tradition.

Beijing, Feb. 8 -- China's banks will outpace their peers in India and Indonesia, the best performers in Asia's banking industry over the past decade, to deliver the highest returns over the next five to 10 years, analysis firm CLSA Ltd said.The top eight performers among Asian banks over the past decade were all from India, with gains of 400 percent to 3,000 percent, CLSA said in a research report released today.Indonesian banks ranked second over a three-to-five-year period, as no data was available for 10 years, the report said.Shenzhen Development Bank Co, China's first commercial bank to launch an IPO and get listed on Shenzhen Stock Exchange (in 1987), is expected to show a more than eight-fold increase in net profit for 2009, boosted by lower provisions for bad loans and higher net interest and fee income, the Wall Street Journal saidThe two countries recorded the highest credit growth, as India's loans increased 622 percent over the past 10 years, followed by 508 percent growth in Indonesia, Daniel Tabbush and Suangsuda Sinsadok, analysts at CLSA, said in the report.That shows "positive" implications for China's banks given the nation's 326 percent increase in loan growth over that period, they wrote in their analysis."Where China stock price data is only recent, we can at least assume that the fact that those banks are returning the third-highest loan growth over the past five and 10 years can in fact mean strong total returns over the long term," the analysts wrote.China's loan growth of 79 percent was the highest over the past three years, according to the report by CLSA, which is "overweight" on the nation's bank stocks as well as those in India and Indonesia.

PARIS, Feb. 3 (Xinhua) -- Visiting Chinese Foreign Minister Yang Jiechi and his French counterpart Bernard Kouchner on Wednesday held talks on bilateral ties and reached important consensus on developing China-France relationship.Through joint efforts of both nations, Sino-France relations has recently showed rapid development, Yang said.This year marks an important period for relations between France and China, therefore, the two parties should further implement important consensus reached by two leaders, continue to respect and take care of mutual concerns and promote pragmatic cooperation in various fields, Yang underlined.The Chinese minister also expected both countries to jointly oppose trade and investment protectionism, and maintain coordination and cooperation over significant international and regional issues in a bid to contribute for worldwide peace, stability and prosperity. Visiting Chinese Foreign Minister Yang Jiechi (L) and his French counterpart Bernard Kouchner host a joint press conference after their meeting in Paris, capital of France, Feb. 3, 2010. Yang Jiechi and Bernard Kouchner on Wednesday held talks on bilateral ties and reached important consensus on developing China-France relationshipYang expressed China's willingness to use 2010 Shanghai World Expo as an opportunity to enhance comprehensive cooperations with France, such as on humanism, and to consolidate the basis of bilateral ties.As to China-Europe relations, Yang said the two sides have massive common interests as China always attaches importance to their relations and regards Europe as its important strategic partner.China is willing to work with Europe and France along the sound and stable development track to build on bilateral strategic relations and to promote further China-France and China-Europe ties, Yang added.Kouchner echoed Yang's view on China's relations with France and Europe, saying France attached importance to relations with China.France is satisfied with the friendly cooperation between the two nations and the recovery and development of bilateral ties, Kouchner said, adding that France is willing to work with China to boost Sino-France and Sino-Europe ties to better prospect.The two foreign ministers also exchanged views on climate change and other mutually concerned international and regional issues during their talks, which followed by a joint conference. Yang is on a five-nation tour, which has already taken him to Britain and Turkey. After a two-day visit in France, he will attend a meeting on security policy in Munich, Germany on Feb. 5-7.    Visiting Chinese Foreign Minister Yang Jiechi (1st R) meets with his French counterpart Bernard Kouchner (1st L) in Paris, capital of France, Feb. 3, 2010. Yang Jiechi and Bernard Kouchner on Wednesday held talks on bilateral ties and reached important consensus on developing China-France relationship

BEIJING, Jan. 31 (Xinhua) -- A senior official of the Communist Party of China (CPC) Sunday called on organizers of the Shanghai World Expo to provide convenient services to all Chinese and foreign reporters with a more open stance, in order to let the world know better about China and the international event."The 2010 Expo is also a grant gathering of world media," said Liu Yunshan, head of the Publicity Department of the CPC Central Committee."Organizers should do well the media service job with a more open stance, welcome reporters with open arms, make considerate arrangements, provide various news resources in a timely manner and offer convenient and professional services to Chinese and foreign reporters covering the event," Liu said when inspecting the Expo's publicity work in Shanghai.Liu Yunshan (2nd R, front), head of the Publicity Department of the Communist Party of China (CPC) Central Committee, inspects the Shanghai World Expo Park in east China's Shanghai Municipality, Jan. 30, 2010. Liu Yunshan inspected the Shanghai World Expo News Center, International Broadcast Center and the Expo Park in Shanghai on SaturdayThe 2010 World Expo will be held from May 1 to Oct. 31 this year, and is expected to attract a record 70 million visitors as well as 30,000 reporters from home and abroad.So far, close to 9,000 reporters have applied to cover the event, according to Yang Zhenwu, publicity chief of the CPC Shanghai municipal committee."The Shanghai Expo is another international event held by China after the Beijing Olympics in 2008," Liu said, adding that media and publicity work is of crucial importance to the success of the Expo.New media such as the Internet and mobile phones should also be employed in the publicity work of the event, he noted.Liu also stressed that news media should provide all-round information about the Shanghai World Expo to the public.|Liu Yunshan (1st R), head of the Publicity Department of the Communist Party of China (CPC) Central Committee, inspects the Shanghai World Expo Park in east China's Shanghai Municipality, Jan. 30, 2010. Liu Yunshan inspected the Shanghai World Expo News Center, International Broadcast Center and the Expo Park in Shanghai on Saturday

BEIJING, Feb. 2 (Xinhua) -- China should further step up social spending to push forward reforms such as health care, welfare and education to sustain its economic growth, the Organization for Economic Co-operation and Development (OECD) said in a report on Tuesday.Although China's reforms have increasingly focused on the need for social cohesion in recent years, said the report, more efforts are still needed in various areas to improve people's living standards over a longer term.The fragmented system of welfare assistance, pension and health care should be unified, it said, stressing reforms on health care should be continued so as to ensure that provision at local levels is improved and eventually the different insurance systems are unified, it said.It also said China's registration system and restrictions on migrant workers' access to social services create obstacles to labor mobility, therefore should be relaxed.OECD groups 30 nations, mostly wealthy European countries, along with Canada, the United States, Japan, Australia, New Zealand, the Republic of Korea, Mexico and Turkey.The report, the second of its kind since 2005, said China is now leading the world economy out of recession with the help of the massive stimulus package."The Chinese government's swift and vigorous action to support its economy has contained the impact of the global recession," said Pier Carlo Padoan, chief economist and deputy secretary general of the OECD.China may overtake the United States to become the leading producer of manufactured goods in the next five to seven years, the report said.However, Zhang Zhigang, chief economist of the Center for International Economic Exchanges, said that to well study China one should not be confined to consider the country's aggregated economic volume but take into account the per capital economic volume, as China is a very populous nation of 1.3 billion people."It is true that China is capable of putting man in space, but on the other hand, in much of its underdeveloped inland areas, oxen are still used to plough the farm", said Zhang at a ceremony to launch the survey.While stressing the rapid expansion of the Chinese economy, the report also touched upon some of the weak points China faces, including the country's over-reliance on foreign-sourced technology embodied in foreign direct investment.The contribution added-value made to research and development was only one-tenth of that in the United States in 2005, according to the 232-page survey.As for financial and monetary issues, it said China will "eventually require a flexible exchange rate regime with open capital markets".Greater flexibility of the yuan exchange rate could not be achieved in a short period of time and it requires a step-by-step approach with supporting reforms in the financial areas, said Padoan in an interview with Xinhua.

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