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MOSCOW, May 29 (Xinhua) -- Russian President Dmitry Medvedev said on Friday that he is looking forward to meeting with Chinese President Hu Jintao next month during the Chinese leader's trip to Russia.     Medvedev, who met with Chinese State Councilor Dai Bingguo on Friday, said he and Hu will exchange views on major international and regional issues of common concern during their June meeting. Russian President Dmitry Medvedev (L, front) shakes hands with Chinese State Councilor Dai Bingguo (R) while meeting with security representatives of the BRIC countries (Brazil, Russia, India and China) in Moscow, Russia, May 29, 2009In addition to meeting with Medvedev, Hu also is scheduled to participate in summits of the Shanghai Cooperation Organization and the BRIC countries (Brazil, Russia, India and China) in Yekaterinburg.     Meanwhile, Medvedev said Russia-China relations enjoy sound momentum and that Russia is satisfied with the current state of bilateral ties between the two countries.     Dai, for his part, said Hu's state visit to Russia and attendance at the summits will be of great significance.     China, Dai said, is willing to work with Russia to take their strategic partnership to a higher level.

BEIJING, May 11 (Xinhua) -- China released a detailed three-year plan to stimulate its nonferrous metal industry focused on industrial restructuring and technology innovation, the State Council, or the country's Cabinet, said here on Monday.     The nonferrous metal sector should keep a steady operation in 2009, and achieve a sustainable development by 2011, according to the plan.     The country would encourage regrouping among nonferrous metal companies to sharpen the competitive edge of the whole industry, the plan said.     Three-to-five nonferrous metal corporation would be formed out of industrial reconstructing by 2011 with advanced production capacity and technology innovation capability.     Combined copper output of top 10 domestic producers should take up 90 percent of the country's total by 2011, aluminum output 70 percent, lead 60 percent, and zinc 60 percent, according to the State Council.     The government would also encourage the exploitation of nonferrous metals both at home and abroad, supporting companies to invest in mines overseas -- either on their own or with foreign parties.     The country would help with capital injection and foreign reserve application concerning overseas projects.     The export rebate policy would be a "proper" and "flexible" one to encourage nonferrous products with high technology and high added values, according to the plan.     The State Council also laid out guidelines to eliminate obsolete capacity and digest over capacity. No new project to develop electrolytic aluminum will be allowed in the next three years, the plan said.     The country would put strict control on the production of copper, lead, zinc, titanium and magnesium.     At the same time, China aims to save 1.7 million tonnes of coal and 6 billion KWh of electricity per year, as well as reduce sulfur dioxide by 850,000 tonnes annually as part of industrial upgrading for the nonferrous metallurgy sector.     China was the largest producer and consumer of nonferrous metals with total output of ten major nonferrous metals reaching 25.2 million tonnes and total consumption at 25.17 million tonnes in 2008.     The country's nonferrous metal industry received a severe blow from the global economic downturn after keeping high-speed growth for nearly a decade.     Statistics released by the China Nonferrous Metals Industry Association showed aggregate profit of China's nonferrous metal producers fell 45 percent last year to 80 billion yuan (11.73 billion U.S. dollars).     Along with the support plan for the nonferrous metal sector, the State Council has unveiled stimulus packages for 10 industries since January, such as machinery-manufacturing, electronics and information industries, the light industry and petrochemical sectors.

ASHGABAT, June 23 (Xinhua) -- Visiting Chinese Vice Premier Li Keqiang said here late Tuesday that China and Turkmenistan have enjoyed healthy and steady development in bilateral relations since the two countries established diplomatic ties in 1992.     Li made the remarks in a written speech at the Ashgabat airport after arriving in the Central Asian country for a three-day official visit. Chinese Vice Premier Li Keqiang (L) is greeted by Turkmenistan's Deputy Prime Minister Tachberdy Tagiyev upon his arrival at the airport of Ashgabat, Turkmenistan, June 23, 2009.The friendship and cooperation between China and Turkmenistan had witnessed healthy and steady development in the past 17 years, adding that bilateral cooperation in different areas had been increasingly enhanced and yielded meaningful results, he said.     Li noted that China and Turkmenistan have supported each other on critical issues, worked closely in multi-lateral areas and made positive contributions to regional peace, stability and common development. Chinese Vice Premier Li Keqiang (R) is greeted upon his arrival at the airport of Ashgabat, Turkmenistan, June 23, 2009. Turkmenistan is the first leg of Li's three-nation tour that will also take him to Finland and Uzbekistan.     During his stay in Turkmenistan, Li will hold talks with Turkmenistan's President Gurbanguly Berdymukhamedov, which will focus on bilateral relations and cooperation in economy, energy and other areas between the two countries. Chinese Vice Premier Li Keqiang (L) is greeted by Turkmenistan's Deputy Prime Minister Tachberdy Tagiyev (R) upon his arrival at the airport of Ashgabat, Turkmenistan, June 23, 2009.

MOSCOW, April 27 (Xinhua) -- Russian President Dmitry Medvedev said here Monday that he was satisfied and pleased with the smooth development of strategic partnership of cooperation with China.     Medvedev said during his meeting with visiting Chinese Foreign Minister Yang Jiechi that he was looking forward to the upcoming state visit of his Chinese counterpart Hu Jintao, whom he has held a "successful" meeting with on the sidelines of the G20 London Summit. Russian President Dmitry Medvedev (L) meets with visiting Chinese Foreign Minister Yang Jiechi in Moscow on April 27, 2009.Based on this year's 60th anniversary of the establishment of diplomatic relations between China and Russia, Medvedev said the two countries shall review outcomes and look ahead for future development of bilateral relations.     Against the backdrop of the ongoing global financial crisis, Russia, together with China, will increase top-level visits, expand cooperation in all aspects such as economy, trades and humanities, and closely collaborate on combating the financial crisis, as well as on international and regional issues, said Medvedev. Russian President Dmitry Medvedev (1st L) meets with visiting Chinese Foreign Minister Yang Jiechi (1st R) in Moscow on April 27, 2009The upcoming state visit of President Hu to Russia is of vital importance to further advancement of China-Russian strategic partnership of cooperation under new circumstances, said Yang. Currently an all-round, rapid development of the strategic partnership between the two countries is underway, he said.     China will make great efforts along with Russia, to fulfill in all aspects the major consensus reached between the two leaders during the London summit, further enhance strategic cooperation, deepen practical cooperation in all fields, and continuously promote the China-Russian strategic partnership of cooperation.     Yang, arriving at Moscow on Sunday, also met with Russian Federation Council Speaker Sergei Mironov on Monday.

BEIJING, May 6 (Xinhua) -- China's central bank said Wednesday the economy is doing "better than expected" in the first quarter, and pledged to maintain "ample" liquidity in the financial system for economic recovery.     China would stick to its moderately easy monetary policy and ensure "ample" liquidity at banks, the People's Bank of China (PBoC) said in its quarterly monetary policy report posted on its website.     The country has pumped 4.58 trillion yuan (670 billion U.S. dollars) of new loans into the economy in the first quarter to stimulate growth.     The figure is already nearing 5 trillion yuan of new loans targeted for the whole year. In March alone, new loans increased by a record 1.89 trillion yuan.     The country's financial institutions and enterprises would digest the huge amount of new loans in the following months, the report said.     Industry insiders have said credit extended by China's banks in April may have dropped to above 600 billion yuan after staying at above 1 trillion yuan for three straight months.     The central bank said new lending from commercial banks focused on government-backed projects. It encourages more bank loans to be channeled to small and medium-sized enterprises as they play an important role in the national economy and in increasing employment.     The central bank said in the first-quarter monetary policy report it would continue to instruct financial institutions to extend new loans, despite the earlier surge.     The pick-up in bank lending is conducive to stabilize the financial market and boosting market confidence, PBoC said. Meanwhile, the bank urged lenders to improve credit quality to avoid a possible rebound in bad loans.     There have been "positive changes" in the economy in the first quarter, the bank said, echoing remarks made by Premier Wen Jiabao last month.     The quarter-on-quarter growth is improving, compared to the fourth quarter of last year, it said, without giving specific figures.     China's economy expanded 6.1 percent in the first quarter, the lowest pace in 10 years and down from 9 percent in the fourth quarter last year.     The central bank also said foundations for the recovery are not solid, as uncertainties in external economies still exist and private investment is yet to become active with new lending concentrated on government projects.     In listing uncertainties ahead, the bank said the country still has to battle against the financial crisis that is unfolding and a collapse in external demand that is hurting exports.     The country is also under great pressure to create enough jobs and from a slower growth in residents' income, which would suppress future consumption, it said.     The bank also warned overcapacity and insufficient demand may drive prices lower in the country with the world economy in a downturn.     But it also said continued falls in prices may become less likely along with the world recovery, a turnaround in the national economy and fast credit growth.     "Prices of primary products and assets may rebound quickly once investor confidence is restored, as the global credit is relatively loose thanks to injection of liquidity and stimulus packages across the world," the bank said.     The central bank also said it was concerned that the extraordinary monetary policy adopted by other major economies would result in inflation risks.     It referred to the quantitative easing policy adopted by the U.S., Japan, Britain and Switzerland to pump cash into their economies.     The quantitative easing policy meant increasing currency supply through purchasing mid- and long-term treasury bonds after central banks cut interests rates to near zero.     The extraordinary monetary policy harbored huge risks for international financial markets and the global economy, said the central bank.     It would increase the risk of global inflation, said the central bank, suggesting it would create new assets bubbles and inflation if central banks of major economies failed to mop up thehuge liquidity when the global economy recovered.     "A policy mistake made by some major central banks would put the whole world in risk of inflation," it said.     The quantitative easing policy would also make exchange rates of major currencies more volatile, according to the report.     The central bank cited the U.S. move to purchase treasury bond in March as an example, saying although the dollar had appreciated against other major currencies, it fell after the purchase.     PBoC said the policy would leave the bond markets subject to fluctuations.     It said massive purchase of mid- and long-term treasury bonds may keep yield at a low level. But in the long run, as the financial markets returned to stability and the economy recovered, inflation expectations would grow, interest rates would rise, and bond prices would adjust sharply, according to the report.

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