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BEIJING, April 5 (Xinhua) -- Chinese President Hu Jintao and other senior leaders took part in a voluntary tree planting activity at the Olympic Forest Park here on Saturday. China's top legislator Wu Bangguo, Premier Wen Jiabao, top political advisor Jia Qinglin, as well as Li Changchun, Xi Jinping, Li Keqiang, He Guoqiang, and Zhou Yongkang also planted trees at the park next to the national stadium, the main venue of the Beijing Olympic Games. Covering some 680 hectares in the north of Beijing, the park is a major part of the 2008 Olympics infrastructure, which is expected to improve the city's environment and air quality. Hu said during the activity that the Beijing Olympics and Paralympics are approaching. He urged Beijingers to support the Green Olympics initiative and make the city greener and more beautiful before athletes from worldwide come in August. Chinese President Hu Jintao (C) takes part in tree planting at the Olympic Forest Park in Beijing, capital of China, April 5, 2008 Beijing's air quality has been a subject of concern among some foreign athletes planning to attend the Games. However, many have acknowledged that the city has done much to improve its air quality. This is the fifth time since 2001 for top leaders to take part in planting at the park, where nearly 500,000 trees have been planted. Hu said voluntary tree planting is an effective way to get everyone involved in improving the environment. "For every tree we plant today, we gain another spot of green in the future," he said. About 2 million Beijingers took part in planting activities in the capital on Saturday, which is Beijing's 24th voluntary tree planting day.
BEIJING, April 2 -- China Everbright Bank, Everbright Group's banking unit, will go public in Shanghai in July or August, Everbright Group said Tuesday. The bank will issue more than 820 million A shares, accounting for 10 percent of its enlarged share capital, said Everbright Group, a State-owned financial conglomerate. The bank may float shares on the Hong Kong stock exchange if its Shanghai IPO is successfully completed before the 2008 Olympic Games. "But the bank has no timetable for a Hong Kong listing yet," said its vice-president Xie Zhichun. "And the Shanghai listing plan will be further discussed by and is subject to approval from the board and shareholders." Xie added: "The board may enlarge the A-share issue further to more than 10 percent of the enlarged share capital as we don't know whether we can realize a Hong Kong listing or not, but we expect to finish the Shanghai listing before the Olympic Games." The bank has postponed inviting strategic investors as concerns are rising that the subprime crisis will worsen the finances of financial institutions, the bank said. "We will restart the work after the strategic investors release their third-quarter report," said Li Jie, another vice-president of the bank. The bank is a target for foreign investors given its low share price and large scale. It said earlier it will reserve a 20 percent stake for foreign strategic investors and would like to pick investors that can hold the bank's stakes for a long time. The bank disclosed that Industrial Bank from France showed interest to invest in it, but the French banking scandal hindered talks. It will restart inviting strategic investors after its Shanghai listing, the bank said. The bank is 24.16-percent-owned by China Everbright Group and 21.4-percent-owned by Hong Kong-listed China Everbright Ltd.
PYONGYANG, June 18 (Xinhua) -- The top leader of the Democratic People's Republic of Korea (DPRK), Kim Jong Il, met visiting Chinese Vice President Xi Jinping on Wednesday to highlight the warm ties between the two neighboring countries. At the meeting, Xi conveyed Chinese President Hu Jintao's greetings to Kim. He also congratulated the leader on the 60th anniversary of the founding of the DPRK, wishing it even more and greater achievements in the future. Kim, who is the general secretary of the Workers' Party of Korea (WPK) and chairman of the National Defence Commission, asked Xi to convey his greetings to President Hu, general secretary of the the Central Committee of the Communist Party of China (CPC). Kim Jong Il (R), top leader of the Democratic People's Republic of Korea (DPRK), meets with visiting Chinese Vice President Xi Jinping in Pyongyang, June 18, 2008. Welcoming Xi, Kim said his visit to the DPRK reflects the great importance attached by China to developing the traditional friendly relations between the two countries. Xi, a member of the Standing Committee of the CPC Central Committee's Political Bureau, is in Pyongyang for an official goodwill visit at the invitation of the WPK Central Committee and the DPRK government. The DPRK is the first stop on Xi's first overseas trip since taking office earlier this year. He is also scheduled to visit Mongolia, Saudi Arabia, Qatar and Yemen. Kim once again expressed condolences over the loss of life in the severe earthquake in China's Sichuan province. He praised the courageous deeds of the CPC, the Chinese government, the armed forces and the people of China during the rescue mission. Kim Jong Il (2nd R Front), top leader of the Democratic People's Republic of Korea (DPRK), and visiting Chinese Vice President Xi Jinping (2nd L Front) walk to the meeting hall in Pyongyang, June 18, 2008.Their work fully demonstrated the advantages of the socialist system with Chinese characteristics. said Kim. He expressed the belief that under the strong leadership of the CPC and the Chinese government, the Chinese people will definitely be able to overcome the aftermath of the earthquake and successfully rebuild the quake-affected areas. He also wished the Beijing Olympic Games all success. Following the devastating earthquake of May 12, the WPK, the DPRK government and the people of the country expressed condolences to China in various forms, and also provided relief assistance, Xi said. He hailed the successful Beijing Olympic torch relay in Pyongyang. The Chinese vice president expressed his heartfelt gratitude for the support, which he described as a token of the deep feelings and profound friendship the people of the DPRK nurture toward the Chinese. China is taking active steps to rebuild the quake-affected areas, he said, adding that his country is confident and fully capable of achieving success in combating the natural disaster while maintaining social and economic development. China is capable of hosting a high-level Olympic Games with unique characteristics, Xi emphasized. He said the traditional friendship between China and the DPRK was fostered by earlier generations of leaders from both countries and forged with the blood of the two peoples. The people of the two countries have always understood, sympathized, supported and helped each other, said Xi, adding that the China-DPRK friendship is inalterable and has withstood international flux. He said China is ready to work with the DPRK to add momentum to the development of bilateral relations. China is ready to maintain high-level contact and deepen trade and economic cooperation with the DPRK, he added. Xi made special mention of the China-DPRK friendship year to beheld jointly in 2009. He also proposed the two countries strengthen coordination on regional and international issues of common concern. Kim said the DPRK-China friendship is an invaluable heritage handed down by the previous generations of revolutionaries of either nation. This friendship has been and will always be an invaluable treasure, he added. It is the firm and unchangeable stance of the DPRK to unswervingly work for the development of the traditional DPRK-China friendship, the top DPRK leader pledged. The year 2009 marks the 60th anniversary of the establishment of diplomatic ties between the two countries, which will jointly host DPRK-China friendship year activities. The DPRK is ready to take this opportunity to join hands with China to further advance friendly and cooperative mutual relations, Kim said. The two leaders also exchanged views on the six-party talks aimed at denuclearizing the Korean Peninsula.
SANAA, June 25 (Xinhua) -- Chinese Vice President Xi Jinping said here Wednesday that China and Yemen share a big potential and many favorable conditions for expanding the scale of investment and cooperation. Xi made the remarks in a speech at the opening ceremony of the China-Yemen Bilateral Investment Seminar, which attracted some 300 Chinese and Yemeni officials and entrepreneurs, including Yemeni Prime Minister Ali Muhammad al-Mujawar. Xi said it is the natural requisite of economic development for the two countries to deepen mutually beneficial cooperation and create common prosperity. Noting that Yemen has geographical advantages and rich reserves of natural resources, he expressed the hope that companies of the two countries could proceed from traditional friendship to mutual understanding and cooperation. Xi said the companies of the two countries should stick to mutually beneficial and win-win practices so as to promote common development. Chinese Vice President Xi Jinping (R) meets with Yemeni Vice President Abdal-Rab Mansur Al-Hadii (L) in Sanaa, capital of Yemen, June 24, 2008. Xi started a two-day visit to Yemen on Tuesday The Chinese leader encouraged entrepreneurs of the two countries to boost exchanges by actively improving the environment, expanding investment channels and optimizing investment structure. He expressed the belief that under the support of the two governments and the joint efforts of Chinese and Yemeni entrepreneurs, the friendly cooperation between China and Yemen will witness even greater growth. The seminar was jointly sponsored by the China Council for the Promotion of International Trade and the General Investment Authority of Yemen. Yemeni Prime Minister al-Mujawar said at the seminar that China is an important, cooperative partner of Yemen. The two countries' relations enjoy a good momentum and there is a broad prospect of trade and economic cooperation. He said Yemen welcomes investment from the Chinese companies in the country, especially in areas like energy, mining, fishing and infrastructure. The Yemeni government will create a favorable investment environment for these activities, he said. Xi arrived here Tuesday for an official visit to Yemen. He will conclude the visit and fly back home Wednesday.
UNITED NATIONS, Sept. 24 (Xinhua) -- China will stick to the path of peaceful development and continue to pursue the policies of reform and opening-up and an independent foreign policy of peace, Chinese Premier Wen Jiabao said here Wednesday. "The whole world wants to know in what direction China is heading" after the Beijing Olympic Games, Wen said in a speech delivered at the annual high-level debate of the United Nations General Assembly. "Let me tell you in unequivocal terms that China will remain committed to the path of peaceful development, unswervingly pursue reform and opening-up, and continue to adhere to an independent foreign policy of peace," he said. "This is in the fundamental interests of the Chinese people and the people of all other countries. It is also in keeping with the trend of the world." Chinese Premier Wen Jiabao delivers a speech at the annual high-level debate of the UN General Assembly in New York, the United States, Sept. 24, 2008. Wen said the success of the Beijing Olympic Games has greatly inspired the Chinese people and given them even more confidence and strength to achieve modernization of the country. However, the premier noted that China is still a "developing country, where productivity remains low and further development is constrained by the shortage of resources, and energy and environmental consequences." To achieve the goal of modernization and build a strong, prosperous, democratic, culturally advanced and harmonious country, China will continue its reform and opening-up policy, he said. "It is a choice of vital importance to the development of China today, and it is also a strategy that will shape China's future," Wen said. The Chinese premier said his country is ready to make joint efforts with other countries for world peace and will develop ties with them on the basis of equality and mutual benefit. "The world needs peace, for only with peace can there be development," he said. "The Chinese government is committed to an independent foreign policy of peace and stands ready to work with other countries to advance the noble cause of peace and progress of mankind," he added. China is ready to develop friendly relations with all countries "on the basis of equality and mutual benefit rather than on ideology or political system," he said. In handling international relations, China "does not seek to build alliances or become a leader and will never do so in the future," he said. The Chinese leader also called for the peaceful settlement of international disputes. "As a permanent member of the UN Security Council, China will continue to play an active and constructive role in promoting the peaceful settlement of international hotspot issues and regional conflicts," he said. Wen also called on the people of all countries to join hands in making the world a better place. Given the global nature of issues threatening the survival and development of humanity, no country can expect to stay away from the difficulties or handle the problems all by itself, he said. "The ongoing financial volatility, in particular, has affected many countries and its impact is likely to become more serious," he said, adding that "to tackle the challenge, we must all make concerted efforts." "So long as the people of all countries, especially their leaders, can do away with hostility, estrangement and prejudice, treat each other with sincerity and an open mind, and forge ahead hand in hand, mankind will overcome all difficulties and embrace a brighter and better future," he said. Wen said China, as a responsible and major developing country, is ready to work with other members of the international community to boost cooperation, share opportunities, meet challenges and contribute to the harmonious and sustainable development of the world.