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BEIJING, Oct. 12 (Xinhua) -- China as well as Latin American and Caribbean countries celebrated here on Tuesday the 50th anniversary of the inauguration of diplomatic relations at a reception.Addressing the reception, Chinese Foreign Minister Yang Jiechi said the past fifty years have witnessed significant progress in the ties between China as well as Latin American and Caribbean countries, citing deepening political mutual trust, win-win cooperation on all fronts and strengthened friendship between their people.The People's Republic of China forged diplomatic ties with Cuba in Sept. 1960 at the ambassadorial level, heralding its relations with Latin American and Caribbean countries.Yang said that the Chinese government values its ties with Latin American and Caribbean countries, cherishes the friendship of their people and is always devoted to boosting their friendly cooperation of mutual benefits.China as well as Latin American and Caribbean countries, both as the developing countries, have common interests in achieving sustainable development, promoting world multi-polarization and jointly dealing with global challenges, Yang said.Yang called on the two sides to work together to advance the comprehensive and cooperative partnership featuring equality, mutual benefit and common development.Dean of the Diplomatic Corps of Latin American and Caribbean Countries in China, Guillermo Velez hailed the friendly cooperation between the nations in their region and China over the last fifty years.Guillermo Velez, also Colombian ambassador to China, said that Latin American and Caribbean countries attach importance to relations with China and firmly believe in the development of bilateral ties featuring friendly political relations and robust pragmatic cooperation.Almost 200 guests, including Chinese government officials, diplomats from the Latin American and Caribbean countries in China and personalities of various circles of the two sides, attended the reception.
BEIJING, Oct. 24 (Xinhua) -- China's Ministry of Commerce (MOC) vowed to step up regulation of sugar markets on Sunday after reserves helped stabilize prices which recently rose to a record high amid continuing harsh weather.Between Oct. 10-17, the retail price of small-packed sugar averaged 7.68 yuan per kilogram in major cities, up 1.3 percent from the end of September, according to data provided by the MOC.It shows that prices have begun to stabilize, according to the MOC website. The ministry also vowed to strengthen market regulations.China auctioned 210,000 tonnes of sugar reserves on Oct. 22 in a bid to curb soaring prices, which have been blamed on this season's frequent extreme weather in China's major sugar-producing areas, as well as reduced supplies overseas.In southwest China's Guangxi Zhuang Autonomous Region, the country's major sugar-growing area, sugar prices hit a record 6,000 yuan per tonne (902.3 U.S. dollars) on Oct. 11.Further, sugar futures hit an eight-month high of 683.20 pounds per tonne in London on Oct. 15.Also, the MOC said government reserves remain abundant and pledged to improve market supplies and ensure the public's needs.Between October 2009 and September 2010, eight batches of reserve sugar, or a total of 1.71 million tonnes, were auctioned, according to the MOC.

BEIJING, Sept. 6 (Xinhua) -- The Chinese government announced Monday that it would provide an additional 200 million yuan (29.4 million U.S. dollars) of humanitarian aid to flood-hit Pakistan for disaster relief and reconstruction.The Chinese government had previously given 120 million yuan in humanitarian relief to its neighbor, the Ministry of Commerce said in a statement on its website.Foreign Ministry spokeswoman Jiang Yu confirmed the 200-million-yuan aid on Monday evening."Chinese government has decided to provide 200 million yuan of humanitarian aid to support Pakistan," she said in a statement.As Pakistan's "close neighbor and all-weather friend," China would continue to support Pakistan's disaster relief and reconstruction efforts, said Jiang.Pakistan is still facing severe challenges in relief and reconstruction, and needs additional aid from the international community, she said.
BEIJING, Nov. 3 (Xinhua) -- The Consumer Price Index (CPI), the main gauge of inflation in China, is likely to rise 4.1 percent in October after accelerating to a 23-month high of 3.6 percent in September, the Bank of Communications forecast on Wednesday.The bank, China's fifth largest lender, said in a report that the index would see moderate dips in the coming two months amid decreasing demand due to the slowing economy.But oversupply of liquidity at home, surging food prices, rising labor costs, and pressures caused by imported inflation would mean very limited room for the index to drop, the report said.The report predicts China's CPI would rise 3.1 percent for the entire year of 2010, topping the government's target to keep the inflation rate under 3 percent.It also forecast food prices would rise further during the first half of 2011.Food prices, which account for one-third of weighting in calculating the CPI in China, climbed 8 percent in September, pushing the CPI to the highest level in nearly two years. Food prices had risen 7.5 percent in August, 6.8 percent in July, and 5.7 percent in June.
XI'AN, Oct. 25 (Xinhua) -- A senior leader of the Communist Party of China (CPC) has called for improved living standards for people in the country's old revolutionary base areas.He Guoqiang, member of the Standing Committee of the Political Bureau of the CPC Central Committee and Secretary of the CPC's Central Commission for Discipline Inspection, made the remarks during a visit to northwest China's Shaanxi Province from Oct. 21 to 24.Shaanxi was the cradle of Chinese communists' revolution in the 1930s.He Guoqiang (C front), a member of the Standing Committee of the Political Bureau of the Central Committee of the Communist Party of China (CPC) and chief of the CPC Central Commission for Discipline Inspection, talks with the working staff at a plant of Xi'an Aircraft Industry (Group) Company Ltd. in Xi'an, capital of northwest China's Shaanxi Province, Oct. 24, 2010. He Guoqiang made an inspection tour in Shaanxi from Oct. 21 to 24.Visiting regions hit by the devastating earthquake of May 12, 2008, He asked students and residents to study hard and contribute to the construction of their hometowns and the country.He urged aviation experts at the Xi'an Aircraft Industry Co. Ltd. to improve the company's innovation abilities and acquire more core technologies so as to produce China's own large passenger jet aircraft as soon as possible.
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