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URUMQI, May 29 (Xinhua) -- China would spend 120 to 150 billion yuan (17.6 to 22 billion U.S. dollars) on transport infrastructure in its far-western Xinjiang Uygur Autonomous Region over the next five years, the regional government said Saturday.The money will be used to build new roads and renovate old ones to support Xinjiang's "leapfrog development" promised by the central government earlier this month, according to a statement issued after a conference of the Ministry of Transport and Xinjiang's regional government.The paved roads to be built or renovated will reach 75,000 to 80,000 kilometers in the region where there were just 15,000 kilometers of paved roads in place by the end of last year, said Song Airong, a regional Party official.Xinjiang's current 838 kilometers of highways will also be extended to 4,000 kilometers over the next five years, he said.The central government unveiled a policy package last Thursday to support the development of Xinjiang Uygur Autonomous Region, setting a goal that the region should undergo a spurt in development so that by 2015 its per capita gross domestic product could reach the national average.Under the package, fixed asset investment in Xinjiang in the next five years will be more than double the amount in the current five-year plan that ends this year.

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.

WUHAN, March 26 (Xinhua) -- China on Friday started building a canal from the middle section of the Yangtze River to a tributary that connects with China's South-North Water Diversion project.Costing more than six billion yuan (880 million U.S. dollars), the 67.23 km project will divert 3.1 billion cubic meters of water every year from Yangtze's Jingjiang section to the Hanjiang River, one of the major sources of water for north China once the diversion project is complete.China's South-North Water Diversion project is designed to divert water from the water-rich south to the dry north.The central part of the project will divert water from Danjiangkou Reservoir on the Hanjiang River to north China cities like Beijing and Tianjin.According to research by Hubei provincial environmental protection bureau, without water from the canal the Hanjiang River would only have one third of its average runoff once water is diverted, and the water level of middle and lower reaches of Hanjiang would drop by 0.5 meter.The canal, which will be completed in 2014, will prevent problems arising such as algae pollution if water levels were decreased dramatically, said Shen Xiaoli, an engineer with the Hubei Environmental Sciences Institute.The canal is expected to benefit about 8.9 million people and 43,000 hectares of farmland in the lower reaches of Hanjiang.Once completed the five to six meters deep canal could be used by ships weighing more than 1,000 tonnes, facilitating transportation of coal from the north to the south, said Xu Shaojun, head of the Hubei Provincial Investigation and Design Institute of Water Resources and Hydropower.

YANGON, June 3 (Xinhua) -- Chinese Premier Wen Jiabao left Yangon for Beijing on Thursday after concluding a two-day visit to Myanmar, the last leg of his four-nation Asian tour.MEETING MYANMAR COUNTERPARTDuring talks with his Myanmar counterpart U Thein Sein in the capital city of Naypyitaw, Wen and Thein Sein agreed to further promote relations and cooperation between the two countries.Noting that this year marks the 60th anniversary of the establishment of China-Myanmar diplomatic ties, Wen told his host that he came to Myanmar with Chinese people's profound feelings of friendship for the Myanmar people and their strong aspiration for closer bilateral ties.Visiting Chinese Premier Wen Jiabao (Center L) attends a signing ceremony for 15 documents on cooperation in natural gas, hydropower and other fields, with his Myanmar counterpart U Thein Sein (Center R) in Naypyitaw, Myanmar, on June 3, 2010.During the past 60 years, China and Myanmar have both upheld and followed the Five Principles of Peaceful Coexistence, achieving far-reaching progress in bilateral ties and also creating an exemplar of cooperation between nations with different social institutions, said Wen, the first Chinese premier to visit Myanmar in 16 years.Wen added that China respects the path of development the Myanmar government and people have selected in line with their country's conditions, and appreciates the valuable support Myanmar has long offered on issues concerning China's core interests.Wen stressed that China is ready to join hands with Myanmar to deepen their friendship and expand cooperation, thus remain good neighbors, good friends and good partners for ever.With their land bordering each other and their economies mutually complementary, China and Myanmar have enjoyed a grand prospect of mutually beneficial cooperation, said Wen, while recalling that thanks to their joint efforts, the two countries not only effectively withstood the impact of the global financial crisis but also brought their bilateral trade volume to a new high.In the next phase, Wen said, both sides should make proper planning of key areas and projects for cooperation, speed up the interconnection of the two countries' infrastructure, and complete the agreed major cooperation projects in energy, transportation and other areas in a timely manner and with good quality.The Chinese premier emphasized that China is willing to continue providing assistance to the best of China's ability for Myanmar's economic and social development.For his part, Thein Sein said that Myanmar and China share common borders and the two peoples have long been friendly to each other.Since diplomatic relations were established 60 years ago, the two countries have respected each other, treated each other on an equal footing and in friendly terms on the basis of the Five Principles of Peaceful Coexistence, he said.He also noted that recent years have witnessed frequent exchanges of high-level visits and significant achievements in trade and other areas of bilateral cooperation.Myanmar appreciates the understanding and support from China and adheres to the one-China policy, the prime minister said.Thein Sein said that Myanmar highly appreciates China's development, places high values on its cooperation with China from a strategic perspective and promptly implements the key cooperation projects the two sides have agreed on.He added that Myanmar will avail itself of the opportunity of the 60th anniversary of bilateral diplomatic ties to join hands with China to promote their bilateral relations of good-neighborly cooperation to a new high.The two leaders also agreed to make concerted efforts to maintain peace and stability along the common borders between the two countries and turn the borders into a bridge for friendly cooperation between the two countries.Following their talks, the two leaders attended a signing ceremony for 15 documents on cooperation in natural gas, hydropower and other fields.

BEIJING, May 8 (Xinhua) -- Chinese Vice Premier Li Keqiang has called for developed nations to assist the developing world in its green economy endeavor by technology transfer, financial assistance and market liberalization.Green economy offers a new model where people could both protect the climate and develop the economy, said Li at the International Cooperative Conference on Green Economy and Climate Change here Saturday.Li urged countries across the world to focus on developing new energies and promoting the development of energy-saving and environmental protection industries.Li encouraged people to live in a more energy-saving and low-carbon way, citing a "green consumption" concept. Chinese Vice Premier Li Keqiang delivers a speech on the opening ceremony of International Cooperative Conference on Green Economy and Climate Change in Beijing, capital of China, May 8, 2010.He said international cooperation in the framework of green economy and climate change is crucial to the recovery of global economy and the sustainable development of Chinese economy.With a theme of "Low carbon, New energy and Sustainable development," the conference was organized by the China Center for International Economic Exchanges. The conference has invited leaders, environment officials and entrepreneurs from

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