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NEW YORK, Sept. 23 (Xinhua) -- Chinese Premier Wen Jiabao said Tuesday that China and the United States are not rivals but partners in cooperation and they should work together to further strengthen bilateral relations. In a speech delivered at a luncheon co-hosted by the National Committee on U.S.-China Relations and other friendly American organizations, Wen said China-U.S. relations have made significant progress since his first official visit to the United States in 2003. High-level contacts between the two sides are more frequent than ever before, said Wen, who arrived here Tuesday to attend meetings at the headquarters of the United Nations. "There are now over 60 dialogue and consultative mechanisms between our two countries. The Strategic Economic Dialogue and the Strategic Dialogue have in particular played an important part in increasing strategic mutual trust between the two sides." On economic cooperation, Wen noted that China and the United States are now each other's second largest trading partners. Dialogue and cooperation have also extended to a number of new areas, such as energy resources and climate change, he added. In addition, China and the United States have maintained communication and coordination on global security issues such as counter-terrorism and non-proliferation and on regional and international hot-spot issues, the Chinese premier said. The ever-deepening friendship between the two peoples is an integral part of growing relations between the two countries, Wen said. He also expressed sincere appreciation to the American people from all walks of life for their abiding commitment to China-U.S. friendship and extended heartfelt gratitude to the U.S. government and people for their strong support for China's earthquake relief and efforts in hosting the 2008 Beijing Olympic Games. As to the China-U.S. relations after the upcoming U.S. presidential election, Wen said China hopes to maintain and develop the constructive and cooperative relations with the United States whoever becomes the next U.S. president. Chinese Premier Wen Jiabao (R) shakes hands with former U.S. secretary of state Henry Kissinger in New York, the United States, Sept. 23, 2008. "We are confident that China-U.S. relations will continue to move forward, as the trend of history will not turn back," he added. China and the United Stated have never enjoyed so extensive common interests as they do today and have worked together to uphold world peace and stability and tackle growing economic and financial challenges, Wen said. However, "due to differences in social system development level, history and culture, China and the United States may not see eye to eye on certain issues," he said, adding that as long as the two sides engage in dialogue and consultation on the basis of equality and mutual respect, they will be able to gradually dispel misgivings and enhance mutual trust. He said that both the Chinese people and the American people are open, innovative, and eager to learn. "Two countries that appreciate each other and learn from each other can live together in amity and achieve common progress." "China's development will not harm anyone, nor will it be a threat to anyone. China has taken an active part in the building of the international system and will not do anything to undermine it. China is a big responsible country," Wen reiterated. Touching upon the Taiwan question, Wen said, "The question of Taiwan has always been the most sensitive question at the core of China-U.S. relations. History has shown that the smooth development of China-U.S. relations depends, to a great extent, on the proper handling of the Taiwan question. "We hope the U.S. side will stick to its commitment, adhere to the one China principle and the three China-U.S. joint communiques, and oppose Taiwan independence," he emphasized. "We hope the United States will support improvement of relations and the realization of common development between the two sides of the Taiwan Strait. This serves the interests of people on both sides of the Taiwan Strait and is conducive to China-U.S. relations and peace in the world." Wen also took questions after delivering the speech. When asked about China's food safety, he said that the Chinese government has paid great attention to the country's recent infant formula milk power contamination incident and adopted a series of resolute measures to deal with it. China will take vigorous measures to ensure the quality of products and food safety, Wen said, adding that China's exports will meet both international standards and requirements of importers and China is willing to enhance cooperation with the U.S. in this regard. U.S. Secretary of Labor Elaine L. Chao, former Secretary of State Henry Kissinger, and Chair of the Board of Directors of the National Committee on U.S.-China Relations Carla A. Hills also made speeches during the luncheon. They shared the view that enhancing China-U.S. cooperation is vital to the maintaining of world peace and stability and the resolution of many issues facing the world, and the U.S. should continue to maintain engagements and cooperation with China. During his three-day stay in New York, Wen will attend a high-level UN meeting for the Millennium Development Goals (MDGs) Thursday and the general debate of the 63rd UN General Assembly Wednesday. He will address the two meetings to further outline China's development objectives.
BEIJING, Sept. 13 (Xinhua) -- China's State Council, the Cabinet, has started the first-class national food safety emergency response to deal with the tainted Sanlu milk powder incident that has caused kidney stones in at least 432 babies. The State Council has set up a national leading group comprising officials from the Health Ministry, the quality watchdog and local governments for the incident. A preliminary investigation has confirmed the Sanlu baby milk powder contaminated by melamine was the cause of kidney stones in infants, said an official statement released here Saturday evening. The melamine substance found in some of the Sanlu products was deliberately added to increase the protein percentage in raw milk or milk powder, it said. The statement said the Central Committee of the Communist Party of China and the State Council attached high importance to the issue, urging all-out efforts in treating the affected babies. The patients will be given free medical treatment and the cost will be shouldered by the government. Meanwhile, the State Council urged a thorough overhaul of the milk powder market, directing the Administration of Quality Supervision, Inspection and Quarantine (AQSIQ) to join other departments to check all the brands of baby formulas circulating in the market, and immediately pull those disqualified products off shelves. The reason why the Sanlu baby formula was contaminated must be found out as soon as possible, the State Council said, directing the local government and relevant departments to overhaul all the links including the milk powder production, cow raising, raw milk collection and dairy processing. Based on the findings, the criminals and all those responsible would be severely punished, it said. Relevant local government and departments should draw lessons from the incident and improve the food safety and quality supervision mechanism to ensure the food safety of the public, it added. The State Council has directed the provincial government of Hebei, where the Sanlu group is based, to halt production of the group. An investigation team set up by the health ministry and other departments is also in the province to probe into the cause, and the quality watchdog AQSIQ is conducting an all-round overhaul of baby milk powder producers across the country
BEIJING, July 2 (Xinhua) -- China on Wednesday pledged its support for United Nations role of safeguarding world peace and coordinating on international issues. Chinese President Hu Jintao said in a meeting with visiting UN Secretary-General Ban Ki-moon that the UN shoulders increasingly important responsibilities for promoting world peace and development. China was a firm supporter and important partner of the UN, Hu told Ban, pledging that the country would fully participate in UN work, carry out its due responsibilities and maintain close communication and coordination with the UN. Hu said China agreed with necessary and rational reform of the UN based on democratic consultation and would continue its cooperation with the UN as well as support for Ban's work in a responsible and constructive manner. Chinese President Hu Jintao (R) meets with UN Secretary-General Ban Ki-moon at the Great Hall of the People in Beijing, capital of China, July 2, 2008 Ban welcomed China's constructive role in significant international and regional issues. The UN valued China's role in promoting world peace and development, Ban said, citing China's contribution to the six-party talks on the Korean Peninsular nuclear issue and development in Africa. The UN hoped China would play a bigger role in realizing the UN millennium objective and addressing international challenges such as climate change and food security, Ban said. He praised China's earthquake relief work and expressed his confidence that the country would host a successful Olympic Games in August. The UN would continue to adhere to the one-China policy, Ban added. Chinese Premier Wen Jiabao, meeting with Ban earlier on Wednesday, said China would make active efforts to reach the Millennium Development Goals (MDGs). China would work with the international community to help other developing nations to achieve common progress and prosperity, Wen said. Wen said all nations should increase multilateral cooperation to cope with the global food shortage by means of assistance, finance, trade and technology. China was ready to take an active part. China fed 22 percent of the world's population using less than nine percent of the world's land. This was a contribution to global food security, Wen said. Ban praised China's important and constructive contribution to safeguarding world peace and common development, hoping China would play a bigger role. Chinese Premier Wen Jiabao (R) shakes hands with UN Secretary-General Ban Ki-moon at Zhongnanhai in Beijing, July 2, 2008Wen also briefed Ban on China's relief and reconstruction efforts in the earthquake-hit region, and expressed gratitude for the sympathy and assistance offered by the United Nations and Ban himself after the May 12 earthquake. Ban arrived in Beijing Tuesday afternoon for a three-day official visit to China at the invitation of the Chinese government. The UN chief had visited the Yingxiu township in Wenchuan County to speak to earthquake survivors on May 24.
BEIJING, May 4 (Xinhua) -- Chinese Premier Wen Jiabao urged Chinese law students to be fair-minded and patriotic in future law enforcement here on Sunday. A law student should develop a high degree of sense of responsibility for the country, the society and the people. He or she should be fair-minded and above all, love this country, said Wen during his visit to the China University of Political Science and Law on China's Youth Day. During his trip, Wen first went to the first floor of the university's library, which boasts the country's largest collection of modern law books. Here Wen met senior experts and professors and talked with them about the law history. "We will better implement the policy of 'administration according to Law'", said Wen, when receiving a collection of law history books from professor Zhang Jinfan, who spent 19 years with some 10 professors to compile these books. Wen then stepped into the second floor of the library, where he joined the students in the reading room and exchanged views on legal system building. When asked by Wang Tuo, a PhD candidate majoring in Criminal Law, about his expectations for the concept of "Ruling the Country by Law", Wen said the concept served as a basis for developing economy and maintaining social harmony To promote democracy, improve the legal system, and rule the country by law is not only a national strategy, but also serves to safeguard the personal rights and freedom of every citizen, he said. Chinese Premier Wen Jiabao (L) has lunch with students in the dining hall of China University of Political Science and Law in Beijing, capital of China, May 4. When asked to comment on the link between people's livelihood and the concept of "Ruling the Country by Law", the Premier said that only when policies addressing issues of people's livelihood were stipulated into law, could people enjoy the benefits of these policies for a long term. Wen then walked into the dormitories and chatted with the students. "I learnt things that are not taught in classrooms. The Premier knows so much about law and puts such strong emphasis on law, I will study hard and make my contributions to the country," said postgraduate Chen Xuemeng. Around 12 o'clock, Wen walked into the school's cafeteria and had lunch with the students. The Premier expressed his concern over the recent price rise, and asked the students if they could afford the daily food and whether the scholarship could help them solve their difficulties. To make sure that the college students' living standards are not influenced by the price rise, the government has allocated 20 yuan of subsidy per month for each college student, with those from very poor families receiving 40 yuan each per month, Wen said. At 12:30, the premier left the campus as large crowds of students waved goodbye. "The Premier's visit makes this Youth Day special and meaningful," said student Yang Kunzhang, "The premier's expectations direct the way of our future efforts".Chinese Premier Wen Jiabao (L) shakes hands with students of China University of Political Science and Law in Beijing, capital of China, May 4, 2008. Wen spent the May 4 Youth Day of China at the university on Sunday at the invitation of students of the university
BEIJING, Oct. 9 (Xinhua) -- China's securities regulator on Thursday said publicly-traded companies must pay dividends in cash rather than stock over three years before submitting their refinancing applications. The move could help to encourage long-term investment and reduce market volatility, the China Securities Regulatory Commission (CSRC) said. The benchmark Shanghai Composite Index has plunged 66 percent from its record high last October. In a new regulation stipulating cash dividend payment by listed companies, the CSRC said: "The listed firms, if applying for refinancing, must pay dividends in cash totaling no less than 30 percent of its distributed profits over the past three years." The regulation went into effect on Thursday. In the draft version released in August, companies were allowed to pay dividends either in cash or stock. The listed firms were also ordered to reveal their cash dividend policies and previous cash dividend data to investors in their annual reports to improve transparency. "The listed company should give reasons why it failed to pay a cash dividend if it is able to and where the money goes," according to the rule. Cash dividends could offer stable investment returns and prompt large institutional investors to reduce speculation on the secondary market, the regulator said. A couple of huge refinancing plans earlier this year triggered a market plunge on concerns over stake dilution and liquidity stress. In a separate regulation on share buy-back, also effective on Thursday, the CSRC said it allowed a cash dividend payment when the controlling shareholders bought stocks on the secondary market. Such action was banned in the draft version released in late September to solicit public opinion. Share buy-back through bidding at stock exchanges also no longer needs regulatory approval. The CSRC added it would continue to revise the rules on stock buy-back and also give consideration to repurchase through agreement or tender offer.