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BEIJING, June 17 (Xinhua) -- China and Pakistan pledged to strengthen defense ties Thursday at a meeting between Chinese Defense Minister Liang Guanglie and visiting Pakistani Chief of Army Staff Ashfaq Parvez Kayani."Cooperation between the Chinese and Pakistani armed forces is exemplary and has been fruitful," Liang, also a state councilor, said during the meeting at Diaoyutai Guest House Thursday morning.Liang said the two sides should make continuous efforts to conduct their cooperation programs well.He said China would join hands with Pakistan to bring military relations to a new high.Kayani said Pakistan values its defense and security cooperation with China, noting that the two countries have cooperated fruitfully in national defense industries in recent years.He added Pakistan would further strengthen exchange and cooperation with China.Kayani also met with Chinese State Councilor and Minister for Public Security Meng Jianzhu, top Chinese legislator Wu Bangguo, and Vice Chairman of China's Central Military Commission Guo Boxiong later Thursday.During the meeting with Meng Jianzhu, the two sides discussed bilateral cooperation in law enforcement and security.Hailing results achieved in the two fields, Meng pointed out Pakistan's active efforts in cooperating with China, including in anti-terrorism. He said he believed that the China-Pakistan cooperation in law enforcement and security would continue to develop with the joint efforts from both sides.Kayani echoed Meng saying the Pakistani government and its armed forces attached much importance to the strategic cooperation with China, and the government would further enhance it.During a meeting with Guo Boxiong, the senior officer of the People's Liberation Army of China stressed the importance of strategic communication between China and Pakistan.Guo said the all-weather friendship between the two countries has endured major international challenges. Facing the changing international and regional security situation, the two sides should strengthen strategic communication, deepen substantial cooperation and make positive contributions to regional peace and prosperity.Kayani said Pakistan valued and was proud of its traditional friendship with China.

TAIPEI, June 9 (Xinhua) -- Governor of east China's Zhejiang Province Lu Zushan started an eight-day visit to Taiwan Wednesday with the aim of deepening economic and cultural cooperation between the two regions.Under the theme "Visiting Friends, Conducting Exchanges and Cooperation," the delegation will launch cooperation programs with Taiwanese counterparts in finance, agriculture, tourism, culture and education.The delegation will learn about Taiwan's experience in environment protection, disaster response and relief, and public services at the grassroots level.The delegation will also visit residential communities, villages and enterprises to communicate with local residents.Apart from provincial government officials, the delegation also includes entrepreneurs. One of the entrepreneurs is Ma Yun, CEO of Zhejiang-based Alibaba Group, the parent of Alibaba.com, the global e-commerce site for small and medium businesses that connects buyers and sellers.During a meeting between Lu and the Taiwan-based Kuomintang's (KMT) honorary chairman, Wu Poh-hsiung, Wednesday, both sides expressed their hopes to increase the number of Zhejiang residents visiting the island this year.Nearly 130,000 Zhejiang residents visited Taiwan last year, accounting for about 20 percent of the Chinese mainland's total, according to Lu.Both Lu and Wu expected the number of Zhejiang visitors to exceed 180,000 this year.Zhejiang is where many Taiwan people come from."More than one million Taiwanese people are natives of Zhejiang," Lu said.The province is also a magnet for Taiwanese investment. The trade volume between Zhejiang and Taiwan hit 9.06 billion U.S. dollars last year, according to Lu.Since the beginning of this year, leading officials from various municipalities and provinces - Shanghai, Hubei, Fujian, Guizhou, Qinghai, Shandong and Sichuan - and the ministries of commerce and agriculture have led delegations to Taiwan to boost cooperation and exchanges with the island.

BEIJING, Aug. 15 (Xinhua) -- The Agricultural Bank of China (ABC), one of China's "big four" state-owned commercial banks, won the title for the world's largest initial public offering (IPO) after selling another 3.34 billion shares at its IPO price of 2.68 yuan per share.The ABC said in a statement at the Shanghai Stock Exchange Sunday that it raised an additional 8.94 billion yuan (1.31 billion U.S. dollars) after fully exercising the over-allotment option of its Shanghai share offering. The bank has now raised 22.1 billion U.S. dollars.The previous record was set by the Industrial and Commercial Bank of China, which raised a record 21.9 billion U.S. dollars in its IPO in 2006.ABC shares rose 0.37 percent to 2.69 yuan on the Shanghai bourse Friday.The ABC is the last of the "big four" state-owned commercial lenders to go public. The other three banks -- the Industrial and Commercial Bank of China, China Construction Bank and Bank of China, are listed on both Shanghai and Hong Kong bourses.The over-allotment, or so-called greenshoe option, allows the sale of additional shares to the public if demand is high.

BEIJING, Aug. 24 (Xinhua) -- China's top legislature, the National People's Congress (NPC), has proposed a reform in income distribution be launched as soon as possible, aiming to increase residents' income and narrow the gap in wealth.Officials of the Financial and Economic Affairs Committee of the NPC said they have completed a research report on distribution of national income and made the proposals to be included in the 12th Five-Year Plan (2011-2015).The research report proposes increasing the proportion of residents' income in national revenue and the proportion of labor rewards in the primary distribution of national income. It suggests that the reforms should seek to enlarge the middle class until it becomes the largest sector in society. The report also offers proposals on taxation and social security.The legislature did not release further details on the proposed reforms in income distribution.The NPC, for the first time in history, completed 15 research reports on 14 major subjects from March to July to provide proposals for the formulation of the critical development plans for the next five years, after top legislator Wu Bangguo called for the research at the annual legislative session.According to a World Bank report, the Gini Coefficient for China, a main gauge of c disparity surged to 0.47 in 2009, exceeding the "security line" of 0.4, pointing to the unequal distribution of income which could arouse social unrest.This figure was 0.21 to 0.27 three decades ago. ' In the primary distribution of national income, the proportion that goes to wages and salaries, the major source for China's mid- and low-income families, has been declining, according to Yi Xianrong, a researcher at the Chinese Academy of Social Sciences.The proportion of the total income that Chinese citizens receive from the distribution of national income fell sharply to 57.9 percent in 2007, compared with 68 percent 20 years ago, according to the People's Bank of China.

BEIJING, July 2 (Xinhua) -- China and Vietnam agreed Thursday to properly deal with the maritime territorial issues in the South China Sea.This is one of the five consensus decisions made at the fourth meeting of the China-Vietnam steering committee on cooperation, which was co-chaired by Chinese State Councilor Dai Bingguo and Vietnamese Deputy Prime Minister and Foreign Minister Pham Gia Khiem.China and Vietnam signed a package of agreements on the demarcation of their 1,300-kilometer land boundary last November. During the signing ceremony, the two nations agreed to begin discussions to formulate the guidelines to solve the sea issues.Khiem reaffirmed Thursday that Vietnam was willing to work with China to properly handle the sea issues in light of the overall situation of bilateral relations and the friendship between the two peoples, as well as the need to maintain stability.During the meeting, China and Vietnam also agreed to further increase political exchanges, deepen economic and trade cooperation, strengthen cultural exchanges as well as enhance coordination on major international and regional issues.Citing that this year marks the 60th anniversary of the establishment of China-Vietnam diplomatic ties and the China-Vietnam Friendship Year, Dai said the bilateral relations were at a crucial period of inheriting the past and forging ahead into the future.The 60-year history of bilateral relations prove that developing China-Vietnam friendship is in the fundamental interests of the two countries and the two peoples, said Dai, adding it is also conducive to the peace and prosperity of the region.He said that since the third meeting of the China-Vietnam steering committee on cooperation last year, the pragmatic cooperation between the two countries had achieved new progress.He mentioned growing political exchanges, productive mutual beneficial cooperation, dynamic cultural exchanges, progress in dealing with boundary issues, and closer coordination and mutual support on major international and regional issues.Dai stressed that, in light of the future development of bilateral relations, the two sides should always bear in mind the general situation and take a long-term perspective while maintaining good neighborly friendship.He further called on the two sides to learn from each other so as to achieve common development, and to increase mutual trust and understanding to appropriately cope with problems through friendly negotiations.China is ready to work with Vietnam to steer the development of bilateral relations from a strategic height and use the China-Vietnam steering committee on cooperation as a platform to push forward the bilateral comprehensive strategic cooperative partnership, said Dai.Khiem said it was the firm position of the Vietnamese party and government to continuously enhance the Vietnam-China comprehensive strategic cooperative partnership, which was also the priority of Vietnam's foreign relations.Vietnam always remembers China's support and help for its revolution and construction and is committed to developing a long-lasting friendship with China, he stressed, adding Vietnam was willing to work with China to enhance cooperation in various areas.

来源：资阳报