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BEIJING, Nov. 5 (Xinhua) -- The quota shift, or the voting power redistribution of the International Monetary Fund (IMF), is just the start of IMF reform, a senior Chinese foreign affairs official said here Friday."G-20 leaders have pleged that progress should be made in terms of IMF quota reform prior to the Seoul summit, and now we will honor the commitment," said Chinese Vice Foreign Minister Cui Tiankai at a news briefing on China's outlook for the G20 summit in Seoul next week.At a G-20 finance ministers' meeting held last month, participants agreed to shift six percent of the IMF quota to emerging or under-represented countries such as China, India and Brazil, from developed economies."This is obvious progress," Cui commented on the proposal forged at the minister-level meeting, adding that the Chinese side hoped the IMF's board would agree on the quota transfer."China is one of the under-represented countries and it's rational and sensible to give China more quota," said the vice foreign minister.China would not try to maximize its own interests, but seek an all-win situation with other emerging economies and other IMF members, Cui added.Cui said the quota shift was far from the end of the IMF reform and he looked forward to more changes to the financial institution."This is not the end, not even the beginning of the end, but the end of the beginning," Cui said.Many countries have said that the way to calculate the quota itself needs to be reformed, as well as the IMF governance structure.
PHNOM PENH, Nov. 4 (Xinhua) -- China and Cambodia on Thursday inked 6.4-billion-U.S. dollars deals ranging from infrastructure construction to energy exploration.A total of 16 deals were signed after the hour-long talks between top Chinese legislator Wu Bangguo and Cambodian Prime Minister Hun Sen late Thursday afternoon.The package of deals covered such key areas of bilateral cooperation as infrastructure construction, water resources development, telecommunication technology and energy exploration among others. Wu Bangguo (L), chairman of the Standing Committee of the National People's Congress, China's top legislature, shakes hands with Cambodian Prime Minister Hun Sen in Phnom Penh, Cambodia, Nov. 4, 2010. China's top legislator held talks with Hun Sen in Phnom Penh on Thursday.In earlier talks, Wu, chairman of the Standing Committee of the National People's Congress (NPC), the country's top legislature, reviewed the smooth growth of China-Cambodia ties since the two countries forged diplomatic ties in 1958."Particularly in recent years, bilateral relations have developed rapidly," Wu said, highlighting strong trust, sincere cooperation and mutual support.Wu underlined China's commitment to developing ties with Cambodia, labeling the southeast Asian country as a reliable neighbor, friend and brother.Hun Sen said China's rapid growth benefited the people and helped lift the regional and world economy out of the downturn.On the economic front, Wu said growing economic cooperation would add continuous momentum to bilateral relations.
BEIJING, Oct. 25 (Xinhua) -- China and Africa celebrated the tenth anniversary of the Forum on China-Africa Cooperation (FOCAC) in Beijing Monday, outlining future efforts for greater development of the new type of strategic partnership.Addressing a reception marking the anniversary, Jia Qinglin, top Chinese political advisor, thanked all those who have contributed to the development of FOCAC, a platform for dialogue and pragmatic cooperation between China and Africa launched in October 2000.Hailing the establishment of the forum as a strategic decision by Chinese and African leaders, Jia, chairman of the National Committee of the Chinese People's Political Consultative Conference, said the mechanism of the forum has gradually improved and borne growing significance over the last decade.China and Africa have enjoyed increasingly frequent high-level exchanges, mutual political trust and trade relations. "China and Africa have come closer together. Our links have become stronger and our friendship has grown deeper. The relationship is now at a new historical starting point," said Jia.Jia mentioned the recently concluded fifth plenary session of the 17th Central Committee of the Communist Party of China (CPC), which reviewed and adopted the proposal for formulating the 12th five-year plan on national economic and social development.
PYONGYANG, Oct. 24 (Xinhua) -- A delegation of senior Chinese military officers led by Guo Boxiong, vice chairman of China's Central Military Commission held on Sunday a memorial ceremony for Chinese People's Volunteers (CPV) martyrs in Hoechang County, South Phyongan Province.Wreaths in the name of leaders of the Communist Party of China and Chinese government as well as the visiting delegation were laid in front of the cemetery for the CPV martyrs.A wreath signed jointly by the Worker's Party of Korea (WPK) Central Committee, the Presidium of the Democratic People's Republic of Korea (DPRK) Supreme People's Assembly and the DPRK cabinet was also laid to mourn the fallen CPV martyrs.Guo Boxiong (L Front), vice chairman of China's Central Military Commission, addresses a memorial service at the martyrs cemetery of the Chinese People's Volunteers (CPV) in Hoechang County of South Phyongan Province, the Democratic People's Republic of Korea (DPRK), Oct. 24, 2010.Addressing the memorial ceremony, Guo said that 60 years ago the CPV crossed the Yalu River to support the DPRK people to fight the imperialist invasion and safeguard justice and peace and won a great historic victory.During the tough war, the Chinese volunteers sacrificed themselves and demonstrated the great internationalism and they forged, with their blood, the unbreakable China-DPRK friendship, Guo said.Many of the volunteers died in the DPRK, and they represent the best of China's fine sons and daughters, and their names will go down in history, Guo said.Thanks to the close care by DPRK's late top leader Kim Il Sung and the direct guidance of General Secretary Kim Jong Il, the bodies of the CPV martyrs were buried properly and the cemetery has been under careful maintenance, he added.