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hina was 249 million U.S. dollars, increasing by 218.4 percent from 2004. China's export to and import from Laos were respectively 164million U.S. dollars and 85 million U.S. dollars, rising by 162.4 percent and 653.8 percent from 2004.     Till the end of 2007, Laos had accumulatively invested 17 million U.S. dollars in China, and the latter's non-financial direct investment accumulatively reached 146 million U.S. dollars.     While China and Laos maintained a good momentum of development on political relations, they also expanded the range of trade and economic cooperation. The cooperation with governments, regional bodies, non-governmental organizations and private sectors have been intensified and deepened, Bouasone said.     The Third GMS Summit, with a theme of "Enhancing Competitiveness Through Greater Connectivity", aims to sustain and deepen economic cooperation and integration efforts among the GMS countries in order to better meet development challenges and realize the common vision of an integrated, harmonious and prosperous subregion.

HONG KONG, July 7 (Xinhua) -- Chinese Vice President Xi Jinping delivered a keynote speech at a welcoming banquet hosted by the Hong Kong Special Administrative Region (HKSAR) government here Monday evening, elaborating his understanding of and expectations to the HKSAR.     Xi started his toast at the dinner by extending warm greetings and best wishes to Hong Kong people on behalf of the central government and President Hu Jintao. Chinese Vice President Xi Jinping delivers a keynote speech at a welcoming banquet on July 7, 2008. "Over the past 11 years since Hong Kong's return, what you have achieved is truly commendable," Xi told about 400 guests attending the dinner in his televised speech at the Shangri-La Hotel, "we are here to feel for ourselves the profound changes that have taken place in Hong Kong since its return."     Xi expressed his thanks to the HKSAR government and Hong Kong compatriots for their strong support to the Chinese mainland in the rescue and relief efforts in earthquake-hit southwest China, as well as their contributions to the preparations of the Beijing 2008 Olympic and Paralympic Games.     "We in the Chinese mainland are deeply touched by the profound friendship of our Hong Kong compatriots with whom we share the strongest blood ties," said Xi, who takes charge of the Hong Kong and Macao affairs and a top-level leading group for the preparations of the Beijing Olympics and Paralymics.     The vice president said he was confident that the HKSAR government and Hong Kong compatriots will host warm, splendid and successful equestrian events during the Olympic and Paralympic Games.     As one of the six co-host cities, Hong Kong will stage the Beijing Olympics equestrian events in August.     Xi said the HKSAR government has led the preparatory work with great sense of commitment and the Equestrian Committee (Hong Kong)and the Sports Federation and Olympic Committee of Hong Kong have been working in close collaboration with all sectors of Hong Kong.     The whole country and the whole world are deeply impressed by Hong Kong people's enthusiasm, their level of participation and their passion for the Olympics, he noted.     Xi announced that the Ministry of Commerce and the HKSAR government will soon sign a document on the arrangement to facilitate entry of Hong Kong service providers to the Chinese mainland, particularly Guangdong Province.     "In future, the central government will continue to give strong support to all initiatives and endeavors aimed at developing the economy and improving people's lives in Hong Kong," Xi stressed.     With the strong support of the motherland and the united efforts of the HKSAR government and Hong Kong people of all sectors, Hong Kong will overcome all risks, difficulties and challenges on its way of development, he added.     Xi said Hong Kong now enjoys social stability, economic growth and higher living standard, and its future is even more promising.     "What has happened has proved and will continue to show that the policy of 'one country, two systems" is the right choice for Hong Kong and has strong vitality," he said, adding, "our Hong Kong compatriots will administer Hong Kong well and bring greater prosperity to the people."     In the welcoming banquet in honor of the vice president, Chief Executive of HKSAR Donald Tsang pledged that Hong Kong will do its best to make the equestrian events a great success to demonstrate that Hong Kong people are worthy of the trust bestowed upon them by the nation.     Xi arrived in Hong Kong on Sunday morning for a three-day inspection tour of the special administrative region.

BEIJING, July 13 (Xinhua) -- The Beijing municipal government said on Sunday that the city's state-owned enterprises (SOEs), institutions and social groups should adjust their working hours from July 20 to Sept. 20 to avoid traffic jams. A notice issued by the municipal government said that, except for schools and institutions that provide essential services, SOEs should operate from 9 a.m. to 5 p.m. The Beijing municipal government said on Sunday that the city's state-owned enterprises (SOEs), institutions and social groups should adjust their working hours from July 20 to Sept. 20 to avoid traffic jams    Large shopping centers should open at 10 a.m. and stay open later in the evening.     Other institutions should operate from 9:30 a.m. to 5:30 p.m.     Government departments won't alter their hours, the notice said.     The notice also encouraged institutions to handle business online if possible and arrange flex-time arrangements where feasible.

BEIJING, Sept. 12 (Xinhua) -- The government has cut back on import taxes on spare parts of large equipment and canceled the import tariff exemption on some complete sets.     The adjustments were made to support the domestic manufacturing of large equipment, said the Ministry of Finance.     Taxes levied on domestic enterprises for importing key spare parts of large equipment, including ultra- and extra-high voltage transmission equipment and transformers, large petro-chemical equipment and large coal-chemical equipment, would be refunded and injected into the enterprises as investment from the nation, it said.     The policy applied to imports after Jan. 1, 2008, depending on the date of declaration of imports.     In the meantime, the import of some complete sets of equipment by enterprises approved after Sept. 1, 2008 would no longer enjoy the tax exemption. Both domestic and foreign-funded projects are subject to the new policy, the ministry said.     Imports of such equipment by enterprises approved before Sept. 1 would continue to enjoy the previous tax policies until March 1,2009.

NANNING, Oct. 5 (Xinhua) -- Chinese Premier Wen Jiabao said here Sunday that China's financial institutions have generally increased their strength, profitability and risk-resisting ability, and the financial system as a whole is sound and safe in face of the international financial crisis.     Wen made the remarks during an inspection tour to Guangxi Zhuang Autonomous Region in southwest China. Chinese Premier Wen Jiabao greets workers as he visits an oil refinery under construction in Qinzhou City, southwest China's Guangxi Zhuang Autonomous Region, Oct. 4, 2008. He said that the world economic situation has had dramatic changes this year, the United States' subprime crisis has been deteriorating and is having an increasingly serious negative impact on the world's financial market and the world economy as a whole.     Under multiple negative factors, both international and domestic, China has reacted actively and properly, made efforts to improve the predictability, pertinence and flexibility of macro-economic control policies, and timely solved outstanding problems in economic development. As a result, the country's economy has maintained its momentum of smooth and rapid development, Wen said.     Generally speaking, China's economic foundations have not changed and the economy is developing towards the preset macro control targets, said the Premier.     "We have full confidence in China's economic development and financial stability," Wen said, stressing that the most important thing is to do our own business well, maintain the stability of the economy and the financial and capital markets.     "It is the biggest contribution to the world when a big country with a population of 1.3 billion is able to maintain a lasting, smooth and fast economic development," he said.     On Saturday and Sunday, Wen inspected villages and factories in the cities of Beihai, Qinzhou and Fangchenggang, and talked with local people of different nationalities and from all walks of life.     He said that the development of Beibu Gulf should focus on technological innovation and environmental protection to build into an important zone for international and regional economic cooperation.     In Gaosha Village of Qinzhou, Wen inspected rice paddy and visited farmers' homes. He said that the government will further reinforce its support for agriculture, continue to increase subsidies to farmers and raise the minimum grain purchasing prices to mobilize farmers to produce more grain.Chinese Premier Wen Jiabao examines the growth of paddy at Gaosha Village in the Qinnan District of Qinzhou City, southwest China's Guangxi Zhuang Autonomous Region, Oct. 5, 2008. Wen made an inspection tour in Guangxi on Oct. 4-5.