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CANBERRA, May 13 (Xinhua) -- Australian Prime Minister Kevin Rudd met with visiting General Guo Boxiong, vice-chairman of China 's Central Military Commission, later on Thursday.In the meeting, Rudd praised China's reforms and opening up which massively upheaved its economy and the society, and said the achievements are unparalleled in the world.Rudd said the Australian government places importance in Sino- Australian relations. In recent years, there has been a very good political climate given the strengthened economic cooperation and closer exchanges between the peoples. He said today more and more people from China travel to and study in Australia which effectively promoted the understanding and friendship between the peoples.Rudd said Australia hopes to further strengthen dialogue and exchanges, enhance mutual understanding and trust to establish a " sworn friend" (zheng you) relations with China. He also hopes to see the defense and military relations between the two countries will further develop, adding that Australia is very optimistic in future Australia-China relations.Guo said although China and Australia are far apart, the two peoples have friendly relations. In recent years, such bilateral relations were maintained in a sound trend in general as there have been frequent diplomatic visits, and economic and trade cooperation continue to expand. Particularly, although both have gone through the financial crisis, the two countries' volume of trade is actually rising, instead of falling.He said continual development of Sino-Australian friendly relations and cooperation help increasing mutual understanding and trust, expand consensus and cooperation, which not only accords to the interests of the two peoples but also benefits to safeguard the peace and stability in the Asia-Pacific region.He said China places great importance in developing relations with the Australian military and is willing to make joint efforts with Australia to carry out multi-level, broad areas of pragmatic communication and cooperation that will enhance the military relations to a higher level.Guo arrived on Tuesday in Australia for an official visit. Since arrival, he held talks with Australian Defense Minister John Faulkner and met with Australian Foreign Minister Stephen Smith. He also visited related Australian Army forces and the Australian Defense College.

NEW YORK, April 26 (Xinhua) -- Jean-Claude Trichet, the president of the European Central Bank, called in New York on Monday for strengthening global governance amid the economic recovery process.The crisis showed that gaps in the system of global governance, in terms of both efficiency and legitimacy, have to be filled, Trichet said in a keynote speech at the Council on Foreign Relations in New York.Global governance in the financial sphere has fared during the crisis, he pointed out. "One dimension of international cooperation that I consider to have worked particularly well during the financial crisis has been that among central banks, both bilaterally and channeled through the various Basel-based committees.""But as much as some aspects of global governance appear to have passed the severe test of the global crisis, we should remember the significant shortcomings that may have contributed to creating the conditions for the crisis to happen in the first place," he added."One is the lack of coordination in financial regulation that was pervasive before the crisis and which encouraged financial institutions to engage in a large degree of regulatory arbitrage. This was the unavoidable result of the fact that while financial players were becoming increasingly global, and despite the remarkable efforts of the Basel Committee in respect of the banking sector, financial regulation remained largely national, with only relatively weak coordination at the international level, " said the president.

BEIJING, April 6 (Xinhua) -- China's outstanding external debt reached 428.6 billion U.S.dollars by the end of 2009, up 14.4 percent from a year earlier, the State Administration of Foreign Exchange (SAFE) said here in a statement on its website Tuesday.The figure excluded Hong Kong Special Administrative Region (SAR), Macao SAR, and Taiwan.The country's registered foreign debt was equivalent to 266.95 billion U.S. dollars by the end of last year, up 2.5 percent from the 2008 level. Outstanding trade credits stood at 161.7 billion U.S.dollars, according to SAFE.China's foreign debt service ratio was 2.87 percent, while the foreign debt ratio and liability ratio stood at 32.15 percent and 8.73 percent, respectively, SAFE said.Mid- and long-term external debt, accounting for 39.52 percent of all outstanding foreign debt, totaled 169.39 billion U.S.dollars by 2009, most of which came from manufacturing and infrastructure construction in transportation, storage and postal services, it said.Short-term external debt rose 23 percent to 259.26 billion U.S.dollars year on year by the end of 2009, accounting for 60.48 percent of the total.New mid- and long-term debt in 2009 declined 38.18 percent to 22.45 billion U.S.dollars from a year earlier.China repaid principals for mid- and long-term loans of 34.19 billion U.S. dollars and 3.63 billion U.S. dollars in interest in 2009, up 46.78 percent and down 12.64 percent year on year, respectively, said SAFE.

BEIJING, June 3 (Xinhua) -- Chinese Vice Premier Li Keqiang has called for efforts to promote development in the country's western regions while transforming the economic growth pattern.Li made the remarks during his visit to southwestern Yunnan Province from May 31 to June 2, where he met villagers, entrepreneurs and local officials.He said the western regions must seize the opportunity of economic structural adjustment at home and abroad, innovate in development, and promote sound and fast economic and social development while accelerating transformation of the economic growth pattern.The western regions should exert their comparative advantages in resources to encourage industrial upgrading and boost economic development with local characteristics, Li said.Chinese Vice Premier Li Keqiang (2nd, L) talks with villagers of Luhai New Village, in Xishan District of Kunming, capital of southwest China's Yunnan Province, June 1, 2010.He said the western regions should further open up to the outside world and adapt to the trend of industrial transfer.Great importance should be attached to guarantee people's basic livelihoods, and help meet people's needs in education, employment, health care, housing and the environment, he said.Li also stressed efforts to promote technology progress, social harmony, poverty alleviation and drought control.

YUSHU, Qinghai, April 24 (Xinhua) -- The death toll from a 7.1-magnitude earthquake in northwest China's Qinghai Province on April 14 has climbed to 2,192, the rescue headquarters said late Friday.As of 5 p.m. Friday, 78 people were still missing, the headquarters said.Qinghai has received more than 722 million yuan (105.7 million U.S. dollars) in donation as of Friday, according to the provincial department of civil affairs.This includes 328 million yuan in cash and 394 million yuan worth of supplies, the department said.It said 1,363 tonnes of food, 87,476 boxes of bottled water, 27,842 tents and 130,876 quilts have been delivered to the quake-hit Yushu Tibetan Autonomous Prefecture.A television charity show broadcast nationwide by China Central Television Tuesday evening alone raised 2.175 billion yuan (320 million U.S. dollars) to help quake victims of last week's earthquake.