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MADRID, June 19 (Xinhua) -- Senior official of the Communist Party of China (CPC) He Guoqiang met with leaders of Spain's Popular Party (PP), a major opposition party in the country's parliament, and Spanish Communist Party (PCE) on Tuesday.     While meeting with PP President Mariano Rajoy, He, member of the Standing Committee of the Political Bureau of the CPC Central Committee, said PP was an important political force in Spain and made positive contribution to the growth of China-Spain ties.     He said China appreciated PP's efforts to building China-Spain comprehensive strategic partnership, which was established in 2005when Chinese president Hu Jintao visited Madrid.     He, also secretary of the CPC's Central Commission for Discipline Inspection, said the CPC attached great importance to its exchange with the PP and would like to increase party-to-party contacts, enhance mutual understanding between the two peoples and promote a long-term and steady growth of bilateral ties.     Saying China was a country with a promising future, Rajoy hailed his party's communication with the CPC as very helpful.     Rajoy briefed He on the recent European Parliament election, which took place in early June in 27 member states of European Union (EU), and the latest development of the European integration. Rajoy also gave He an analysis of how the global financial crisis took a toll on Spain and the world.     In return, He introduced the impact of the crisis on China's economy and finance as well as the country's responsive measures and their effects.     In another meeting with PCE General Secretary Francisco Frutos, He said PEC played an important role in safeguarding Spain's political democracy, social progress and laborers' rights. He said PCE made unremitting efforts to exploring a socialist path that fits Spain's reality.     He reviewed the long-standing friendly exchanges between the CPC and the PCE, which He said worked for the development of country-to-country ties.     Citing the CPC's great importance on ties with the PCE, He said the CPC would like to deepen party-to-party friendly cooperation for the interests of both countries and their peoples.     He said the CPC's pursuit of a socialism path with the Chinese characteristics was the foremost experience in the party's rule of country over the last six decades.     Frutos said the PCE and the CPC had some ideals in common, thus their exchange of ideas and friendly cooperation would be significant for both parties' growth.     China's anti-graft chief arrived in Madrid on Monday after concluding an Egypt tour. The fortnight visit will also take him to Jordan and Mongolia.

BEIJING, June 21 -- Chinese stocks rose to a weekly high on Friday after the securities regulator lifted a nine-month ban on initial public offerings (IPOs), indicating investors' strengthened confidence in the market based on ample liquidity and clearer signs of economic recovery.     The Shanghai Composite Index, which tracks the bigger of China's bourses, rose 26.59, or 0.9 percent, to 2,880.49 at close, its highest close since July 28, 2008.     The CSI 300 Index, measuring exchanges in Shanghai and Shenzhen, gained 0.7 percent to 3,080. Investors are set to return to the bourses in a big way with the return of initial public offerings and robust economic indicators. The market barometer has also shown significant gains in the past few days. Shi Yan    "We expected the new IPOs to be the biggest bad news for the capital market this year," said James Yuan, chief investment officer of Everbright Pramerica Fund Management Co Ltd. "But now it is not as daunting, thanks to the improved economy, more liquidity and new listing rules."     Guilin Sanjin Pharmaceutical Co, a medium-sized drug firm, on Thursday night received regulatory approval from the China Securities Regulatory Commission (CSRC) to seek a stock exchange listing, marking the resumption of IPOs since September last year.     The company said it plans to float 46 million A shares on the Shenzhen bourse on June 29 and will start a road show for the same on June 22.     "The restarting of IPOs of smaller firms rather than the big caps indicates that the government aims to stabilize the market," said Dong Chen, senior analyst, CITIC China Securities. "If the market does not panic after the new round of IPOs, the regulator will grant more approvals next week, but probably for small caps."     Earlier reports said China State Construction Engineering Corp (CSCEC), the country's biggest home-builder, would probably be among the first batch of companies to issue 12 billion shares to the public and raise about 40 billion yuan.     Based on the number of new shares to be issued and the average price-earning ratio on the secondary market, analysts said the 32 companies now waiting could raise as much as 70 billion yuan through their IPOs.     "The loose monetary policy, coupled with the huge advance of the Shanghai Composite Index, has bolstered confidence that the stock market can withstand the added supply of stock," said Dong.     "Meanwhile, the anticipation of gains on their investments may propel more investors to test the market waters, when the bullish trend becomes clear," he said.     China's major market barometer has surged nearly 58 percent this year, thanks to the government's timely launch of the 4-trillion-yuan economic stimulus package and loose monetary policy.     The resumption of IPOs is also expected to give a strong boost to brokerages whose earnings are expected to improve on the investment banking revenues.     CITIC Securities gained 2.8 percent to 29.54 yuan, the highest in a year, while Sinolink jumped 10 percent to 21.46 yuan.     Shares of medical companies also outperformed on news of drugmaker Guilin Sanjin's listing and the spread of the H1N1 flu virus.     Beijing Tiantan Biological Products, a biological bacterin producer, jumped to its 10 percent daily limit for the second day in a row to 26.26 yuan after it said on Thursday that it had started to research bacterin for fighting the H1N1 flu virus.

BEIJING, July 17 (Xinhua) -- Chinese Premier Wen Jiabao attended Friday the cremation ceremony of renowned philosopher, religion scholar and historian Ren Jiyu, who died on July 11 at the age of 93.     Ren was born in 1916 in Pingyuan County in east China's Shandong province. He joined the Communist Party of China (CPC) in1956.     "Ren conducted research and education in the fields of Chinese philosophy and religion for a long time. He has made significant contributions to the country's cultural industry by compiling historical materials," said a statement issued by the Publicity Department of the CPC Central Committee. Li Changchun (R), a member of the Standing Committee of the Political Bureau of the Central Committee of the Communist Party of China, shakes hands with a relative of renowned Chinese scholar Ren Jiyu during Ren's funeral in the Babaoshan Revolutionary Cemetery in Beijing, capital of China, July 17, 2009. Ren, outstanding philosopher, religion scholar, historian and honorary director of the National Library of China, died on July 11 at the age of 93.The cremation ceremony was held Friday morning at the hall of the Beijing Babaoshan Cemetery. Li Changchun, a member of the Standing Committee of the CPC Central Committee Political Bureau, also attended the ceremony.     Chinese President Hu Jintao, along with former President Jiang Zemin, Wu Bangguo, Wen Jiabao, Jia Qinglin, Li Changchun, Xi Jinping, Li Keqiang, He Guoqiang and Zhou Yongkang offered their condolences to Ren's family after Ren's death.

UNITED NATIONS, May 11 (Xinhua) -- China voiced its support for the resumption of the Middle East peace process on Monday, calling upon all the parties concerned to create an environment conducive to the Middle East peace talks.     The statement came as Zhang Yesui, the Chinese permanent representative to the United Nations, was speaking at an open Security Council meeting on behalf of Chinese Foreign Minister Yang Jiechi. "At present, the situation in the Middle East is at a very critical stage," Zhang said. "We hope that parties concerned will stay firm to their conviction of resolving the issue through political negotiations, refrain from moves that may ruin mutual trust and reconciliation so as to create the condition for resumptions of negotiation," Zhang said. Zhang Yesui, Chinese permanent representative to the United Nations, speaks on behalf of Chinese Foreign Minister Yang Jiechi during an open Security Council meeting on the Middle East issue at UN headquarters in New York, the U.S., May 11, 2009"Political negotiation is the only way to lasting peace in the Middle East. The use of force will not bring about peace. On the contrary, the cycle of violence will only exacerbate hatred," he said.     He said the Security Council Resolution 1860 is the result of arduous efforts by all the parties concerned, and brought about the Israeli-Palestinian cease-fire and created conditions for resumption of Middle East peace process. The resolution, adopted by the Security Council in January, called for mutually respected and last cease-fire in the Middle East following Israel's 22-day military offensive in the Gaza Strip.     It is hoped that the Resolution 1860 could be implemented comprehensively and effectively, said the ambassador.     "At the center of the Middle East problem is the Palestine issue," Zhang said. "The ultimate way out for the Palestinian issue is the realization of two states, Israel and Palestine, living side-by-side in peace."     Therefore, the Chinese ambassador called on parties concerned to continue to act in the spirit enshrined in relevant UN resolutions and adhere to the principle of "the Land for Peace" and "the two-state solution," saying that they should push for the earlier achievement of reconciliation between Israel and Palestine, the establishment of an independent state of Palestine and the peaceful coexistence between Arabs and Jews.     The realization of a comprehensive, just and lasting peace in the Middle East depends on the settlement of all relevant issues in the region, he said.     Describing both the Syria-Israel talks and the Lebanon-Israel negotiations as "important components of the Middle-East peace process," Zhang called for a holistic approach to promote such talks.     Meanwhile, he said other hot-spot issues in the region should also be "properly addressed so as to create a favorable environment for the peace process."     On the other hand, "the Middle East peace process cannot be achieved without the help and support of the international community," Zhang said, calling on the international community to continue to support the development of Palestine and immediately implement its commitment to the reconstruction in Gaza.     "Parties concerned should uphold just and strengthen the mediation efforts and at the same time consider the establishment of a broadly-represented, balanced and effective multilateral mechanism which will provide oversight and support for the peace process in the Middle East," Zhang said.     Zhang said China supports the efforts of the Quartet, a diplomatic group of the United Nations, the European Union, Russia and the United States in search of the Middle East peace, and Russia's proposal to hold an international conference on Middle East in Moscow.     The open council meeting, chaired by Russian Foreign Minister Sergey Lavrov whose country holds the rotating presidency of the 15-nation council this month, came at a time when the new Israeli government was headed by hawkish Prime Minister Benjam Netanyahu.     Netanyhu has so far refused to publicly endorse the creation of an independent Palestine state, the key element of an international plan to bring about a comprehensive, just and lasting peace in the Middle East.     Also present at the open debate are UN Secretary-General Ban Ki-moon, British Foreign Minister David Miliband, French Foreign Minister Bernard Kouchner, Turkish Foreign Minister Ahmet Davutoglu and UN ambassadors from other Council members.     Israel, Palestine and Arab states were not invited to address the meeting.

DALIAN, May 25 (Xinhua) -- China started the trading of polyvinyl chloride (PVC) futures contracts at 9 a.m. at DALIAN Commodity Exchange Monday, with September contract V909 opening 275 yuan higher at 6575 yuan per ton.     After steel futures and rice futures, this is the third new futures trading launched in China this year.     PVC is a kind of synthetic resin widely used in construction, plumbing, electric wires and packaging. China is the world's largest PVC manufacturer, with an annual output of 8.82 million tonnes last year. A trading staff looks at the price of futures contracts at the hall of the Dalian Commodity Exchange in Dalian, a coastal city in northeast China's Liaoning Province, May 25, 2009. China started the trading of polyvinyl chloride (PVC) futures contracts at 9 a.m. at Dalian Commodity Exchange Monday, with September contract V909 opening 275 yuan higher at 6575 yuan per ton. China is the world's largest PVC manufacturer, with an annual output of 8.82 million tonnes last year

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