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BEIJING, Jan. 7 (Xinhua) -- Chinese Vice Premier Zhang Dejiang Friday called for improving the management and supervision of China's state-owned assets and promoting the development of state-owned enterprises (SOEs), to preserve and increase the value of state property.Chinese state assets management and supervision authorities should work to improve monitoring systems and boost the scientific development of state-owned economies, as Chinese SOEs will face the "pressing task" of reform and development over the next five years, Zhang told a national conference on state assets supervision and management.Chinese SOEs progressed rapidly in the previous five years, he said, adding that state-owned economies play an important role in the development of the Chinese economy.Zhang urged state assets management and supervision authorities to further improve the organizational and legal systems, accelerate the reform of SOEs, and transform the development pattern of SOEs, which are responsible for taking the lead in China's scientific innovation and making contributions to the nation's development.

BANGKOK, Nov. 10 (Xinhua) -- Visiting Chinese top legislator Wu Bangguo announced here Wednesday that China will provide 10- million-yuan in cash aid to flood-hit Thailand. "China decided to offer Thailand a humanitarian emergency aid worth 10 million yuan and stood ready to provide other help,"Wu said in a meeting with Thai Prime Minister Abhisit Vejjajiva.At least 181 people in Thailand were killed in nationwide floods that hace stricken the country since Oct. 10. "We are convinced that Thai people, under the leadership of Thai government, would definitely overcome disasters," said Wu, chairman of the Standing Committee of the National People's Congress, the country's top legislature.Abhisit thanked the Chinese government and people for offering generous support to disaster-devastated Thailand.Wu Bangguo (L), chairman of the Standing Committee of the National People's Congress of China, the country's top legislature, meets with Thai Prime Minister Abhisit Vejjajiva in Bangkok, capital of Thailand, Nov. 10, 2010.Wu arrived in Bangkok Wednesday afternoon for an official visit to Thailand as the guest of the President of the National Assembly of Thailand Chai Chidchob. "My visit here is aimed at seeking bolstering friendly China- Thailand relations to a new high," Wu told Abhisit.Wu appreciated Thai royal family, government and parliament's adherence to the one-China policy and their support for China on issues concerning Taiwan, Tibet and Xinjiang Uygur autonomous region.To consolidate bilateral ties, Wu proposed the two countries maintain high-ranking officials' exchanges of visits and deepen political trust.On a free trade agreement between China and the Association of Southeast Asian Nations (ASEAN) took effect at the start of this year, Wu said the two countries should make best of the free trade area and expand cooperation in traditional fields of trade, agriculture and tourism."Priority should be given to cooperation in infrastructure, new energy, high-technology, particularly in investment, big projects and businesses," Wu said.

BEIJING, Nov. 19 (Xinhua) -- China's central bank Friday ordered banks to set aside an additional 0.5 percent of their deposits from Nov. 29, the fifth such hike this year and the second increase this month.The People's Bank of China said the move was aimed at "enhancing liquidity management and moderately regulating credit supply." The increase was estimated to freeze liquidity of about 300 billion yuan (44.8 billion U.S. dollars).The reserve requirement ratio (RRR) for the four big state-owned banks -- the Industrial and Commercial Bank of China, China Construction Bank, Bank of China and Agricultural Bank of China -- will stand at 18.5 percent once the rise takes effect.Friday's move will raise the deposit reserve ratio for other large financial institutions to 18 percent and for small and medium-sized institutions to 16 percent.Analysts said the increase exceeded forecasts as it targeted over-liquidity in the banking system and looming hot money inflows caused by the United States' quantitative easing policy."The PBOC is under pressure, and it needs to do something to show its determination to tame inflation. However, it has no intention to kill growth by aggressively hiking interest rates or imposing a lending squeeze," said Lu Ting, China economist at the Bank of America-Merrill Lynch."Hiking the RRR is the natural choice of the PBOC," Lu said in an e-mailed note to clients.China's economic growth rate was likely to slow in the fourth quarter to 8.7 percent, mainly as a result of economic restructuring, the State Information Center (SIC) said Friday.The forecast was almost 1 percentage point lower than the third quarter's 9.6-percent growth rate, but the SIC expected the economy to grow by 10 percent for the full year on the back of a 10.6-percent growth rate for the first three quarters.The central bank, on Nov. 10, announced a 50-basis-point rise of the RRR for Chinese financial institutions that accept deposits from Nov. 16, as China's consumer price index (CPI), a main gauge of inflation, soared to a 25-month high of 4.4 percent year on year in October.Prices of meat have risen for the week ending Nov. 14, with prices of pork up 1.6 percent and mutton 0.5 percent. Prices of eggs also rose 0.9 percent, while rice rose 0.6 percent and flour 0.4 percent, according to a weekly report by the Ministry of Commerce.The report said prices of 18 types of vegetables were slightly lower, down by 0.8 percent compared to the previous week. However, on a year-on-year basis, the prices of 18 staple vegetables in the first 10 days this month were still significantly higher from a year earlier.The State Council, the Cabinet, Wednesday announced price control guidelines to reassure consumers facing rising inflation and urged local authorities to offer temporary subsidies to needy families.The market had been expecting an increase, but did not anticipate it would come so soon, said Tan Yaling, senior analyst at Bank of China.She said the central bank would not raise the benchmark interest rates soon after the ratio hike as higher interest rates would further expand the interest rate differences between China and other major economies, which would lead to the influx of hot money.The central bank's decision to raise the RRR, instead of interest rates, was because a higher RRR would have "a direct effect on withdrawing liquidity," said Yan Wei, chief economist with the Orient Securities.The decision was announced after Chinese stock markets edged up following a period of decline of up to 10 percent of their value, largely on concerns of tighter policies.The benchmark Shanghai Composite Index rose 0.81 percent to close at 2,888.57. The Shenzhen Component Index closed up 1.23 percent to end at 12,295.85.

HANOI, Nov. 27 (Xinhua) -- Chinese and Vietnamese defense ministries held their fourth defense and security consultation here on Thursday.The consultation was chaired by Deputy Chief of the Chinese People's Liberation Army General Staff Ma Xiaotian and Vietnamese Deputy Defense Minister Nguyen Tri Vinh.At the consultation, the two sides exchanged views on regional security, bilateral relations and bilateral military ties, and other issues of mutual concern.The two sides spoke highly of the defense and security consultation mechanism, holding that it is an effective measure to push forward bilateral relations and bilateral military ties and should be fully utilized. Deputy Chief of the Chinese People's Liberation Army General Staff Ma Xiaotian (2nd L) and Vietnamese Deputy Defense Minister Nguyen Tri Vinh (2nd R) chair the fourth China-Vietnam Defense and Security Consultation in Hanoi, Vietnam, Nov. 27, 2010. Chinese and Vietnamese defense ministries held their fourth defense and security consultation here on Thursday , during which the two sides exchanged views on regional security, bilateral relations and bilateral military ties, and other issues of mutual concern.Both sides said they cherished traditional friendship between China and Vietnam, and vowed to further strengthen political mutual trust, enhance cooperation and properly settle sensitive issues that could have an influence on bilateral relations or bilateral military ties.The two sides vowed to strengthen exchanges and coordination in international affairs, speed up efforts in handling difference and challenges, and make joint efforts to safeguard regional peace, security and stability.

BEIJING, Nov.18 (Xinhua) -- Premier Wen Jiabao's visit to Tajikistan next week will deepen friendly cooperation between China and Tajikistan, said Cheng Guoping, Chinese Assistant Foreign Minister, Thursday."Since the establishment of diplomatic ties between the two nations in 1992, bilateral relations have witnessed steady and sound development with extensive high level exchanges and increasing political mutual trust," said Cheng at a press conference.He said because of the joint efforts by the two sides, cooperation in trade, transportation, communications, electricity and infrastructure had been expanding and fruitful.Total bilateral trade volume in the first 10 months this year reached 1.08 billion U.S. dollars, a 2.5-percent rise from the same period last year, Cheng said.The two countries had also supported each other in major issues of mutual concern and maintained close coordination within multilateral institutions like the UN and the Shanghai Cooperation Organization (SCO), effectively guarding their own interests and making positive contributions to the world peace and development, he said.During the visit, the leaders of the two countries would exchange ideas about bilateral cooperation as well as international and regional affairs.Wen would also attend ninth SCO prime ministers' meeting in Tajikistan's capital of Dushanbe on Nov. 25, said Cheng.He said the SCO member nations were expected to find common ground in promoting regional cooperation, facilitating investment, and enhancing the organization's internal construction.Sun Yongfu, director general of department of European affairs at Ministry of Commerce, who also attended the press conference, said economic cooperation among SCO members had been fruitful due to their close trade links.He said in the first 10 months this year the total trade volume between China and the other SCO states reached 67.9 billion U.S. dollars, up 37.4 percent year on year.Sun said the close cooperation among SCO member nations had made positive contributions to returning the world economy back to growth.