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BEIJING, May 26 (Xinhua) -- Companies from China and Finland signed twelve deals on clean technology with a total contract value of around 250 million U.S. dollars on Wednesday."The immediate value of all the contracts and agreements is about 200 million euros (about 245.76 million U.S. dollars), and their potential exceeds 1.5 billion euros (about 1.84 billion dollars)," Leif Fagernas, director general of the Confederation of Finnish Industries, said at the Cleantech Finland China Seminar in Beijing.Visiting Finnish President Tarja Halonen and Chinese Vice Premier Li Keqiang attended the seminar, and pledged to promote clean tech cooperation between the two countries.Chinese Vice Premier Li Keqiang (rear L2) and visiting Finnish President Tarja Halonen (rear L3) attend a signing ceremony after the opening ceremony of Cleantech Finland China Seminar in Beijing, capital of China, on May 26, 2010."As China is experiencing rapid industrialization and urbanization, we have to build a resource-saving and environmentally friendly society as soon as possible," Li said.He added that the promotion of clean development would help transform China's pattern of economic development.

BEIJING, May 4 (Xinhua) -- Chinese equities dropped to a seven-month low Tuesday, after the central bank said Sunday it would raise the deposit reserve requirement ratio (RRR) for most financial institutions for the third time this year.The benchmark Shanghai Composite Index lost 1.23 percent to close at 2,835.28 points.The Shenzhen Component Index fell 1.81 percent to 10,960.77 points.Total turnover shrank to 141.55 billion yuan (20.7 billion U.S. dollars) from 191.91 billion yuan on the previous trading day.Losers outnumbered gainers by 533 to 347 in Shanghai and 488 to 429 in Shenzhen.

OTTAWA, May 5 (Xinhua) -- Larry O'Brien, Mayor of Canada's capital city of Ottawa, said that the achievement of his trip to China had exceeded his expectation, and the cooperation between China and Canada had a broad prospects.In an exclusive interview with Xinhua in his office in Ottawa after a journey to China accompanied by a business mission during April 6 to 16, O'Brien said that the trip, which was the first foreign mission since he took office as a Mayor of Ottawa in 2006, was productive and delighting.O'Brien visited Beijing, Chongqing, Shenzhen and Hong Kong during his trip in China, signing a Memorandum of Understanding ( MOU) on continuing cooperation between Ottawa and Beijing, and attending the signing ceremony of the Cooperation Agreement between Ocri and Beijing Investment Promotion Bureau.In the meantime, Ottawa Tourism and Beijing Badaling special zone's office signed MOU of Cooperation between Badaling Great Wall in Beijing and the Rideau Canal in Ottawa. And Canada's Plasco Energy Group Inc. and Beijing Environmental Sanitation Engineering Group Co (BESG) also signed a MOU to establish facilities in Beijing to convert waste to clean energy.O'Brien noted that Plasco's signing MOU with BESG exceeded his expectation, and he was impressed by the quick research speed and by their ability to sign the document during this visit. He said it was "a present and a surprise," and "a good achievement for our trip.""It underscores the importance of having government and industry working together, to create a better bond between the city of Beijing and the city of Ottawa," he added.Talking about the MOU in tourism, O'Brien said: "Rideau Canal in Ottawa, which is built in 1826-1832, is really worthwell. ( Tourists coming here) will feel the warmth of 900,000 warm Canadian hearts, warm Ottawa hearts. We are going to promote the Great Wall as well, which I had the honor and distinguish pleasure to go and visit this time."He also said that China had set Canada, where has a lot of places worth to see besides Ottawa, such as the mountains, the west coast, and the sea villages on the east coast, as the destination for tourists. "I am hoping that more Chinese to take this opportunity to move over to see how we live in Canada."In Shenzhen, O'Brien visited Huawei Technologies' research and development plant, welcoming it to invest in Ottawa. "Ottawa is a good place to do business. We have wonderfully clean and safe environment, with half of our population received college education or greater. Huawei has 70 to 80 people in Ottawa now, and expect to increase to 250 in three years," he said. And he also warmly welcomed other Chinese companies to establish research and development facilities in Ottawa."Due to the warm of the reception and the success we enjoyed during the trip, vast majority of our counselors and the citizens of Ottawa were very happy (with the achievement), and gave very positive comments on it," he said.He also said: "I think everybody on this trip had their eyes opened on the size of the market in China, found the opportunities to follow up, and the pace of being able to capture market opportunities.""In order to create trade and opportunities, you must have communications and trusts. Every long and wonderful journey starts with a single step. I would like to encourage our clean technique companies to begin this step," he added.O'Brien believed that the entire developing world was one third of the world economy 15 years ago. And now, Asia is half of the world economy, and will be 65 percent of that after 10 to 15 years. "We hope to participate in its economic development, especially to play a role in supporting the market growth in both China and India.""Fast forward to 2010, this is a brand new China. I am confident that there will be more mutually beneficial business arrangements. Already China has invested 10 billion U. S. dollars in the last 18 months in Canada in oil and minerals. I perceive this as the beginning of another series of cross fertilizations between our economies, and between our cultures. And I came away from the trip with great optimism for the future," he concluded.

BEIJING, April 29 (Xinhua) -- China's parliament on Thursday adopted the Law on Guarding State Secrets and the amended State Compensation Law at the closing session.Wu Bangguo，chairman of the Standing Committee of the National People' s Congress, or the top legislature, presided over the closing of the four-day bimonthly session.Wu said, the amendment to the State Compensation Law will regulate the use of public power, protect legitimate rights and interests of citizens, legal persons and social organizations. The 14th session of the Standing Committee of the 11th National People's Congress (NPC) concludes in Beijing, capital of China, on April 29, 2010. Wu Bangguo, chairman of the NPC Standing Committee, presided over the concluding meeting.Wu said, the Law on Guarding State Secrets has made clear legal liability in guarding state secrets, which will help safeguard the state security and interests.The legislature also reviewed the report on migrant workers which stressed protecting the rights and interests of this group and improving social services for them. Wu also urged to quicken the pace of urbanization.The Standing Committee reviewed the report on the development of cultural industry which urged greater development of the industry so that it becomes a new engine of economic growth.Wu said the Committee also reviewed the report on road traffic management.

WASHINGTON, March. 26 (Xinhua) -- A sound and stable China-U.S. economic and trade relationship is more important than ever and the trade between the two countries is a win-win game, said Chinese Vice Commerce Minister Zhong Shan in an article published on Friday's Wall Street Journal."China-U.S. trade and economic cooperation has generated huge and real benefits for the United States, while China has been gaining a lot from it as well," Zhong stated in the article.In 2009 China jumped to become the third biggest market for U.S. exports. American companies have cumulatively invested over 62.2 billion dollars in 58,000 projects in China and reaped bumper harvests. Their profits in China amounted to nearly 8 billion dollars in 2008 alone, according to the data released by the Chinese government.Zhong said that since the outbreak of the international financial crisis, China has been supporting the efforts of the American people to tackle the crisis."On the one hand, China has increased imports from the U.S.," said the Chinese official.