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BEIJING, April 1 (Xinhua) -- Chinese equities closed 1.47 percent up Wednesday to stand at 2,408.02 points, surpassing the 2,400 points mark, echoing the overnight Wall Street rebound.     The Shanghai Composite Index gained 34.81 points, or 1.47 percent to 2,408.02. The Shenzhen Component Index rose 174.06 points, or 1.94 percent to 9,156.01.     Gains outnumbered losses by 675 to 183 in Shanghai and 599 to 140 in Shenzhen.     Combined turnover expanded to 250.67 billion yuan (36.68 billion U.S. dollars) from 200.03 billion yuan on the previous trading day.     Coal shares boosted the index up, as there were reports Monday that the government might consider raising the coal price by 4 percent.     China Shenhua Energy, the country's leading coal producer, gained 5.8 percent to 21.9 yuan, while China Coal jumped 5.65 percent to 9.17 yuan.     The benchmark Shanghai Composite Index continued the upward trend of the previous trading day and touched a 2422.63 points intra-day high Wednesday, exceeding the previous intra-day high of 2402 points on Feb. 17.     Zhang Yunpeng, an analyst with Beijing-based Huarong Securities, said investors should not be overly optimistic about the continuing rebound, as the turnover in recent days was lower than that in mid-February, which suggested that some investors were still cautious.     China's top banking regulator Liu Mingkang said Tuesday the government would require foreign banks taking stakes in domestic commercial banks to hold those stakes for at least five years, rather than three as at present, to reduce risks for local banks.     Zhang said this was a piece of positive news for Chinese bank stocks for the long run, as this move would help stabilize their share prices.     The Industrial and Commercial Bank of China, China's top lender, rose 0.76 percent to 3.97, while the China Construction Bank, the country's second largest commercial lender, gained 0.47 percent to 4.32 yuan.     Chongqing Iron and Steel Co. rose 1.24 percent to 4.91 yuan, after the steel producer reported a 33.18 percent growth in net profit to 598.3 million yuan last year in its annual report released Wednesday.

WASHINGTON, March 24 (Xinhua) -- In a gross interference in China's internal affairs, the U.S. House of Representatives on Tuesday voted to adopt a resolution arrogantly recognizing the so-called "30th anniversary of the Taiwan Relations Act."     The Taiwan Relations Act, passed by the U.S. Congress in 1979, required the United States "to provide Taiwan with arms of a defensive character." China has never recognized the legitimacy of the act.     On Feb. 25, two days after the so-called Resolution 55, named Recognizing the 30th anniversary of the Taiwan Relations Act, was referred to the House Committee on Foreign Affairs of the U.S. Congress by 17 representatives, China voiced strong dissatisfaction and lodged solemn representations to the United States over the issue.     "A handful of representatives from the U.S. Congress" had proposed the resolution "despite China's clear opposition," said Chinese Foreign Ministry spokesman Ma Zhaoxu in a press release dated Feb. 25.     It is known to all that the "so-called" Taiwan Relations Act, enacted unilaterally by the United States, had gravely violated the basic norms guiding international relations, said Ma. It also violated the United States' serious commitment to China and intervened in China's internal affairs, he added.     "The Chinese government and people opposed the act strongly from the day it was worked out," he stressed.     It is widely recognized by the international community that Taiwan, an island province separated from the mainland as a result of the Chinese civil war in the late 1940s, is an integral part of China.

BEIJING, April 7 (Xinhua) -- Chinese Vice Premier Li Keqiang told former French Prime Minister Jean-Pierre Raffarin Tuesday that efforts should be made to ensure the "healthy" and "stable" development of Sino-French relations.     Li recalled the experiences on the bilateral ties since China and French forged diplomatic relations 45 years ago, noting that sound political relations and trust served the fundamental interests of the two peoples and were vital to boost cooperation.     Li also briefed Raffarin on China's economic situation, adding the measures China adopted to curb the global financial crisis "have been taking some effect."     "We are confident of maintaining China's stable and rapid economic growth and highly value foreign trade cooperation with countries such as France," Li said.     Raffarin, who is in Beijing to attend a Sino-French economic seminar, said expressed his commitment to continuing to promote the bilateral strategic partnership. Chinese Vice Premier Li Keqiang (R) meets with Former French Prime Minister Jean-Pierre Raffarin in Beijing, capital of China, on April 7, 2009    China and France issued a press communiqué on Wednesday, just hours before the presidents Hu Jintao and Nicolas Sarkozy met in London ahead of a Group of 20 summit on the global financial crisis.     The communiqué said the two sides "attach great importance to China-France relations" and reiterated their adherence to the principle of non-interference in each other's internal affairs.     In the communiqué, France pledged not to support "Tibet independence" in any form.     Relations between China and France deteriorated in December when Sarkozy met with the ** Lama in Poland.

CARACAS, Feb. 17 (Xinhua) -- Visiting Chinese Vice President Xi Jinping delivered a keynote speech at a seminar here Tuesday, elaborating on bilateral ties, cooperation and common development between China and Venezuela.        BRIGHT FUTURE FOR BILATERAL TIES     In his speech at the opening ceremony of a seminar attended by entrepreneurs from both China and Venezuela, Xi said bilateral ties have seen comprehensive and fast growth since the establishment of diplomatic ties 35 years ago, particularly after the two countries built their strategic partnership for common development in 2001. Chinese Vice President Xi Jinping makes a speech at a business seminar in Caracas, Venezuela, Feb. 17, 2009. Xi arrived in Caracas Tuesday for an official visit to Venezuela. Both sides have enjoyed close high-level exchanges, strengthened mutual political trust and fruitful cooperation in all areas, he said.     Venezuela has become China's fourth biggest oil provider and fifth largest trade partner in Latin America, with bilateral trade volume reaching a record 9.85 billion U.S. dollars in 2008 -- a year-on-year increase of 68.2 percent, said Xi.     He noted that the strengthening of friendly, mutually beneficial cooperation is in keeping with the fundamental interests of both peoples. It is also conducive to the common development of the two countries as well as to relations between China and Latin America as a whole. Chinese Vice President Xi Jinping (1st L) talks with Venezuelan President Hugo Chavez (1st R) at a business seminar in Caracas, Venezuela, Feb. 17, 2009Xi said he had held "very fruitful talks" with Vice President Ramon Carrizales on Tuesday.     "We both are very enthusiastic and determined to develop friendly cooperation between our two countries."     To that end, Xi proposed that both China and Venezuela focus on the following four aspects:     First, both nations should focus on common development and boost mutual political trust. China and Venezuela should view each other from a strategic perspective and adhere to the principles of mutual trust, mutual assistance, reciprocity and mutual benefits. Chinese Vice President Xi Jinping (L) shakes hands with Venezuelan President Hugo Chavez at a business seminar in Caracas, Venezuela, Feb. 17, 2009"We should reinforce political dialogue, broaden strategic common grounds, deepen mutual political trust, constantly enrich the contents of strategic partnership, and promote a long-term stable reciprocal cooperation in an all-around way," the Chinese vice president said.     Secondly, he said the two countries should further improve their cooperative mechanism and upgrade cooperation.     This mechanism, namely the Sino-Venezuelan inter-governmental commission founded eight years ago, "has played an active role in communication and collaboration, under which great progress has been made in cooperation in all areas," said Xi.     He expressed hope that the commission would continue to play its guiding and coordinative role in laying the groundwork of pragmatic cooperation and opening new fields of cooperation.     He also proposed setting up a council for entrepreneurs from both countries.     Thirdly, Xi said China and Venezuela should boost cooperation in energy and finance.     Energy cooperation is a priority and constitutes an important part of bilateral cooperation, he said, expressing hope that the two sides would make a joint effort to push forward an all-around energy partnership.     Xi also said that both nations had agreed to increase their contributions to a joint fund to finance projects in either country.     Finally, Xi said the two countries should explore more fields and channels for cooperation. Apart from energy cooperation, they should better tap the cooperation potential in agriculture, infrastructure and high-tech, as well as promote projects in the housing, railway, telecommunication and electric power sectors.     "We deeply believe that through concerted efforts, China and Venezuela will surely have a bright future of cooperation," Xi said.     BETTER COOPERATION AND COMMON DEVELOPMENT     The Chinese vice president said the scope and pace of cooperation between China and Latin America has reached an "unprecedented" level since the beginning of the new century.     Bilateral trade reached 143.39 billion U.S. dollars in 2008, 39.7 percent up from the previous year and 10 times that of 2000, Xi noted.     Meanwhile, mutual investment has been growing with areas of cooperation being expanded, he said, adding that trade and economic cooperation has shown excellent prospects for all-around development.     China, the largest developing country in the world, is ready to join hands with Latin America, one of the world's major developing regions, to push forward their cooperation and raise it to a still higher level, he said.     China and Latin American nations -- whose combined population makes up a fourth of the world's total -- are all at a crucial stage of socio-economic development, he said.     Under the current circumstances, while standing up to the serious challenges brought about by the global financial crisis, one should not lose sight of the new emerging opportunities for all-around cooperation between the two sides, he said.     The vice president put forward a four-point proposal for strengthening all-around cooperation for common development.     First, he said efforts should be made to promote mutual political trust, bearing in mind the importance of long-term development of friendly cooperation.     China is ready to maintain high-level visits and contact with Latin American nations and favors increased bilateral understanding and support on issues of mutual concern, he said.     Both sides should strive to improve the existing bilateral and multilateral mechanisms of political consultation and dialogue and coordinate cooperation in various fields from a strategic height and long-term perspective.     In the face of the global financial crisis, China is ready to work with Latin American nations to strengthen coordination and boost confidence so as to contribute to the stable growth of the global economy, Xi said.     Second, mutual cooperation should be deepened, said the Chinese vice president.     China is ready to continue to expand trade and mutual investment with Latin American nations, push forward pragmatic cooperation in such key areas as energy, finance, agriculture, manufacturing, infrastructure and the high-tech industry.     The Chinese government is ready to join hands with Latin American governments to further promote strategic cooperation between companies from both sides and make continued efforts to ensure greater success in hosting the China-Latin America Business Summit and the China-Caribbean Economic and Trade Cooperation Forum, he added.     Third, efforts should be made to boost human and cultural exchanges, with a view to cementing the foundation of the China-Latin American friendship.     China is ready to enhance exchanges with Latin American nations in the fields of culture, education, health, sports and tourism, and carry out practical cooperation in poverty alleviation, social security, environmental protection and disaster relief.     Both sides should also expand exchanges between youth and women's organizations as well as media bodies and academic institutions in efforts to promote understanding and friendship between the Chinese and Latin American peoples, Xi said.     Fourth, both sides should strengthen consultation and cooperation in international affairs.     China is ready to strengthen coordination with Latin American nations, through participating in regional and international organizations or other multilateral mechanisms, and jointly safeguarding the legitimate rights and interests of developing nations.     Both sides should work together to push for the establishment of a global economic system for sustainable development, an inclusive international financial system, a fair and equitable international trading system and a fair and efficient global development system.     Both sides should urge developed countries to fulfill their commitments in terms of increasing investments and aid, reducing trade barriers, speeding up technology transfer and reducing and writing off debts, he said.     China is a staunch force for maintaining world peace and the Chinese people are trustworthy friends of the Latin American people, said Xi.     China and Latin America enjoy a profound traditional friendship and share broad common interests. China is ready to work with Latin American nations to write a new chapter in the efforts to establish partnership for all-around cooperation, said the vice president.     Venezuelan President Hugo Chavez was present during Xi's address.     Xi arrived Tuesday in Caracas for an official visit to Venezuela, the fourth leg of his six-nation tour, which will also take him to Brazil and Malta. He earlier visited Mexico, Jamaica and Colombia.     In November 2008, China issued its first Policy Paper on Latin America and the Caribbean, seeking to build and develop a comprehensive and cooperative partnership featuring equality, mutual benefit and common development with the region.

BEIJING, Feb. 17 (Xinhua) -- After a three-day visit to Saudi Arabia beginning Feb. 10, Chinese President Hu Jintao started an Africa tour aimed at enhancing China's friendship with developing countries in the region.     The trip, which took Hu to Mali, Senegal, Tanzania and Mauritius from Feb. 12 to 17, has given new impetus to the traditional friendship between China and Africa. Visiting Chinese President Hu Jintao (L) talks with Saudi Arabian King Abdullah bin Abdul-Aziz during their meeting in Riyadh, Saudi Arabia, Feb. 10, 2009The time-honored friendship between China and Africa can be traced back to as early as the Ming Dynasty (1368-1644), when Chinese navigator Zheng He traveled to the African continent during his seven epic voyages.     In the 1960s, when most African countries launched a wave of independence struggles, late Chinese Premier Zhou Enlai had also visited Africa to express his country's staunch support for its African brothers.     The fates of the Chinese and African peoples are closely interrelated as they share a similar history and similar developmental tasks, and the two sides have carried out various forms of cooperation based on the principles of equality and mutual benefit. Chinese President Hu Jintao (L) meets with Malian President Amadou Toumany Toure in Bamako, Mali, on Feb. 12, 2009"Every time I come, it's like coming back home," Hu said while delivering a key speech in the Tanzanian capital of Dar es Salaam on Monday.     So far, China has provided aid to the best of its ability to 53 African countries under the framework of "South-South cooperation," aiming to help the countries achieve independent development and socio-economic progress.     China-Africa relations entered a new stage of comprehensive development at the Beijing Summit of China-Africa Cooperation Forum in 2006, when they established a new type of strategic partnership featuring political equality and mutual trust, economic win-win cooperation and cultural exchanges. Visiting Chinese President Hu Jintao (L) meets with his Senegalese counterpart Abdoulaye Wade in Dakar, capital of Senegal, Feb. 13, 2009Hu's latest visit to Africa, his sixth in all and second since the Beijing Summit, opens a new chapter in the China-Africa friendship.     The tour also brings new opportunities to review the results of the China-Africa friendly cooperation.     The Chinese president announced an eight-measure policy designed to strengthen pragmatic cooperation with Africa at the Beijing Summit in November 2006. Several months later, he paid a visit to Africa, during which a series of cooperation agreements were signed with an aim to implement the policy. Visiting Chinese President Hu Jintao (L) meets with his Tanzanian counterpart Jakaya Mrisho Kikwete in Dar es Salaam, Tanzania, Feb. 15, 2009Now in 2009, the concluding year for implementation of the package, the Chinese president visited Africa again to exchange views with the leaders of African countries on the fulfillment of the commitments made at the Beijing Summit.     During the visit, Hu also discussed with them the preparatory work for the fourth ministerial conference of the China-Africa Cooperation Forum later this year in an effort to enhance the China-Africa strategic partnership.     The swift and efficient implementation of the eight measures has brought tangible benefits, and the measures have thus been well received by the governments and people of Africa and the international community. Visiting Chinese President Hu Jintao (L) meets with Mauritian President Anerood Jugnauth in Port Louis, Mauritius, Feb. 17, 2009Chairman of the African Union (AU) Commission, Jean Ping, said in late January that China is Africa's key cooperative partner.     The AU chief also spoken highly of China's role in Africa's infrastructure development, saying "China has played a fundamental part in the improvement of infrastructure facilities across African countries."     The World Bank has said China has made major contributions to promoting the development of Africa, and expressed the hope that African countries would combine China's developmental experiences with their own national conditions.     Moreover, President Hu's trip this time brings new commitments for the future development of friendly and cooperative ties between China and Africa.     Countries around the world currently face grave challenges amid the ongoing global financial downturn, with the impact of the crisis spreading to emerging-market countries as well as developing nations.     Under such circumstances, Hu made a solemn pledge during his Africa tour that China will continue to implement its commitments made at the Beijing Summit in a timely and reliable manner, despite all the challenges his country faces in its own economic development.     China will by no means cut assistance to Africa, said Hu. Instead, it will do its best to continue to increase aid to the continent, offer debt relief to African countries, and expand trade and investment with them.     Hu's commitments were warmly applauded by the leaders of the African countries, who pledged to join hands with China in facing the impact of the financial crisis.     A Gabonese newspaper commented that China, which had pledged to honor its earlier commitments and not to reduce aid to Africa despite the economic pressure from the ongoing crisis, had indeed exercised the responsibilities of a big country.