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BEIJING, Feb. 5 (Xinhua) -- Top Chinese legislator Wu Bangguo on Friday met respectively with Chilean Senate President Jovino Novoa and Russia's Presidential Representative to the Far Eastern Federal District Viktor Ishayev.In a meeting with Novoa, Wu reviewed the four-decade bilateral ties since China and Chile established diplomatic ties in December 1970.As the first South American nation to forge diplomatic relations with China, Chile was also the first Latin American country to recognize China's market status and sign free trade agreement."China would like to work with Chile to maintain high-level contacts, expand trade cooperation and enrich people exchanges so as to advance our all-round partnership," Wu said. Wu Bangguo (R), chairman of the Standing Committee of China's National People's Congress (NPC), meets with visiting president of the Senate of Chile Jovino Novoa Vazquez in Beijing, capital of China, Feb. 5, 2010.Wu, chairman of the Standing Committee of the National People's Congress(NPC), China's top legislature, pinned high hopes on bilateral legislative ties, calling for enhanced exchanges and cooperation by making use of the effective political dialogue mechanism.Novoa, who was leading a parliamentary delegation for a week-long visit in China, said Chile would never change its course of developing good relations with China no matter what happened in Chile's political landscape.Novoa said the National Congress of Chile would like to work with NPC to boost bilateral relations. Wu Bangguo (R), chairman of the Standing Committee of China's National People's Congress (NPC), meets with visiting Russia's presidential representative to the Far Eastern Federal District Victor Ivanovich Ishaev in Beijing, capital of China, Feb. 5, 2010.In another meeting with Ishayev, Wu underlined the importance of China-Russia relation and called for deeper political trust and stronger strategic coordination.Wu said cooperation between different areas of the two countries accounted for an important position in China-Russia relationship and enjoyed a solid foundation for cooperation.Wu called on both countries to take effective measures to implement the cooperation programs the two sides had agreed and promote cross-border infrastructure and transportation cooperation.Ishayev, who became Russia's Presidential Representative to the Far Eastern Federal District last year, said the Russian government paid much attention to the Far East area, which offered new opportunities for collaboration with China.He proposed enhancing cooperation in the fields of infrastructure, energy exploration and forestry processing, among others, to push for comprehensive exchanges and cooperation between neighboring regions of the two countries and realization of win-win situation.Ishayev, who arrived in Beijing Friday, will meet with heads of departments of energy, transportation and commerce during his stay till next Wednesday.

NAIROBI, Feb. 11 (Xinhua) -- Somali pirates have released a fishing boat from Taiwan, China, and all of its crew held since April, a regional maritime official said Thursday."The Taiwanese ship was released this morning. The fishing vessel which has a crew of 30 from various Asian nationalities was seized in April last year," Andrew Mwangura, East Africa's coordinator of the Africa Seafarers Assistance Program, told Xinhua.The Win Far 161 was seized last April 4 near an island in the Seychelles, more than 1,100 kilometers off the coast of Somalia.The ship carried a crew of 30 -- 17 Filipinos, six Indonesians, five from the Chinese Mainland and two from Taiwan, China.Mwangura said 27 crew members were said to be safe, though a Chinese sailor and two from Indonesia died in captivity.The coordinator could not confirm whether a ransom was paid to secure the release of the 700-ton ship and crew.Piracy has been rampant off Somalia since the country slid into chaos after warlords toppled military dictator Mohamed Siad Barre in 1991.Somali pirates now hold at least seven ships and more than 160 crew members.The hijackings have prompted the international community to deploy security forces in the area to deter the pirates.

Beijing, Feb. 8 -- China's banks will outpace their peers in India and Indonesia, the best performers in Asia's banking industry over the past decade, to deliver the highest returns over the next five to 10 years, analysis firm CLSA Ltd said.The top eight performers among Asian banks over the past decade were all from India, with gains of 400 percent to 3,000 percent, CLSA said in a research report released today.Indonesian banks ranked second over a three-to-five-year period, as no data was available for 10 years, the report said.Shenzhen Development Bank Co, China's first commercial bank to launch an IPO and get listed on Shenzhen Stock Exchange (in 1987), is expected to show a more than eight-fold increase in net profit for 2009, boosted by lower provisions for bad loans and higher net interest and fee income, the Wall Street Journal saidThe two countries recorded the highest credit growth, as India's loans increased 622 percent over the past 10 years, followed by 508 percent growth in Indonesia, Daniel Tabbush and Suangsuda Sinsadok, analysts at CLSA, said in the report.That shows "positive" implications for China's banks given the nation's 326 percent increase in loan growth over that period, they wrote in their analysis."Where China stock price data is only recent, we can at least assume that the fact that those banks are returning the third-highest loan growth over the past five and 10 years can in fact mean strong total returns over the long term," the analysts wrote.China's loan growth of 79 percent was the highest over the past three years, according to the report by CLSA, which is "overweight" on the nation's bank stocks as well as those in India and Indonesia.

BEIJING, Feb. 24 (Xinhua) -- Chinese Vice President Xi Jinping on Wednesday met here with senior executives of Republic of Korea's technology powerhouse Samsung Electronics.The executives included Samsung Electronics' Permanent Consultant Yun Jong Yong and Chief Executive Officer Choi Geesung.Xi praised an exchange program which had yielded positive results, allowing some middle-aged and young students at the Party School of the CPC Central Committee to visit the ROK for inspection purposes.This was a cooperative program attended by the Organization Department of the Communist Party of China (CPC) Central Committee, Party School of the CPC Central Committee and Seoul-based Samsung Electronics, the world's leading electronics and technology company.Chinese Vice President Xi Jinping (2nd R) meets with senior executives of Republic of Korea's technology powerhouse Samsung Electronics in Beijing, China, Feb. 24, 2010. The executives included Samsung Electronics' Permanent Consultant Yun Jong Yong and Chief Executive Officer Choi GeesungXi voiced the hope that the two sides can step up cooperation, enrich and deepen the inspection so as to make new contributions to China-ROK friendly relations.On the broader bilateral relationship, Xi said the two countries witnessed frequent high-level visits, close trade cooperation, active people-to-people exchanges and good communication on international and regional issues."China is satisfied with the relationship and would like to make joint efforts with the ROK to advance our friendship and mutually-beneficial cooperation," Xi said.Trade ties, which have seen robust growth since the two countries forged diplomatic relations in 1992, stood as a key pillar of the China-ROK relationship and generated substantial benefits for both peoples, Xi said.Xi encouraged Samsung Electronics to seize opportunities and expand businesses in China and play a bigger role in pushing bilateral economic cooperation.Yun, who took the helm of Samsung Electronics from 1996 to 2008, said the company's China business was in a good shape and it would continue to pursue its planned investment projects.Yun pledged Samsung Electronics would cooperate with the Chinese side on the exchange program for students at the Party School of the CPC Central Committee.Yun and his delegation will conclude their visit to Beijing on Friday.

BEIJING, Feb. 7 (Xinhua) -- China's Ministry of Health (MOH) on Sunday released an inclusive list of illustrations on medicine use as guidance for doctors in writing prescriptions. It is the first state-level list of its kind in the country.The list illustrates what each kind of medicine should be used for, but it is not mandatory. Medicines on the list include all those on the National Basic Medicine Catalogue and the Catalogue of Drugs for Basic National Medical Insurance, and some other frequently used medicine, the ministry said.Cao Guirong, president of the Chinese Hospital Association, said at the release ceremony that compilation of the list borrowed the experience of developed countries and the World Health Organization (WHO) while taking into account China's geographic features and clinical therapeutic habits.It took two years for more than 100 domestic medical and pharmaceutical experts to complete the list, Cao said. It would be handed out to hospitals nationwide within the next few days in an effort to promote better medical service.