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VICTORIA, Seychelles, Nov. 21 (Xinhua) -- Zhou Yongkang, a senior official of the Communist Party of China (CPC), has met leaders of the Seychelles on bilateral relations. Zhou, a member of the Standing Committee of the CPC Central Committee Political Bureau, was welcomed Thursday evening at the airport by the general secretary of the People's Party of the Seychelles, Danny Faure, who is also finance minister. Zhou Yongkang, member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, meets with Seychellois Vice President Joseph Belmont in Victoria, capital of Seychelles, Nov. 20, 2009 During their meeting, Zhou said the CPC and the People's Party have maintained close and friendly cooperation since the two parties forged ties in 1979 and played positive roles in promoting the relations between the two countries and the friendship between the two peoples. Zhou Yongkang, member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, meets with Danny Faure, general secretary of the People's Party of the Seychelles, in Victoria, capital of Seychelles, Nov. 19, 2009. The CPC is willing to enhance exchanges and cooperation with the People's Party of the Seychelles to further strengthen the political basis of the bilateral relationship, said the senior CPC official. The CPC and the Chinese government are also willing to boost cooperation with African countries, including the Seychelles, in meeting the challenges of the international financial crisis, said Zhou. Faure said China has always treated the Seychelles, a small country, on an equal footing, adding that the two nations, the two peoples and the ruling parties of both countries have maintained friendly relations, which could be regarded as a model for relations between big and small countries. The People's Party hopes to promote exchanges with the CPC on the experience of governance, said Faure. When meeting with Vice President Joseph Belmont on Friday, Zhou said the relations between China and the Seychelles have witnessed a sustained healthy and steady development since the two countries established diplomatic ties 33 years ago. With the smooth implementation of China's eight measures regarding cooperation with Africa, proposed by Chinese President Hu Jintao in 2006, China and the Seychelles have seen increased exchanges of high-level visits, deepened traditional friendship and expanded cooperation, Zhou said. The Chinese government announced eight new measures to enhance cooperation with Africa earlier this month, and China is willing to jointly implement these measures with the Seychelles so as to bring more benefits to the Africans, including the Seychelles people, he said. The senior CPC official also expressed appreciation for the support of the People's Party and the Seychelles government on the Taiwan and human rights issues. Belmont said the Seychelles people have benefited extensively from China-Africa cooperation, adding that the Seychelles welcomed China's new measures on its cooperation with Africa and would implement them in a timely manner. While expressing the hope for enhanced cooperation in tourism, the Seychelles vice president also expected more investment from Chinese companies in the country's tourism sector. Zhou arrived here Thursday for a technical stopover after concluding visits to Sudan and South Africa.
SHANGHAI, Nov. 16 (Xinhua) -- U.S. President Barack Obama said here Monday that the biggest threat to U.S. security is the terrorist groups like al-Qaida. "I do continue to believe the greatest threat to United States security are the terrorist networks like al-Qaida," Obama said during a dialogue with Chinese students in Shanghai. He said U.S. troops moved into Afghanistan because al-Qaida wasbeing hosted by the Taliban in Afghanistan but the terror group has now moved over the border of Afghanistan and has networks with other extremist groups throughout the region. The United States now has 68,000 troops fighting in Afghanistan. Obama is going to decide on whether to grant a request by the top U.S. commander in Afghanistan, Stanley McChrystal, to send 40,000 more troops. "I do believe it is important for us to stabilize Afghanistan, so that the people of Afghanistan can protect themselves, and they can also be a partner in reducing the power of those extremist networks," he said. The U.S. president admitted that defeating al-Qaida is a difficult task and is not just a military exercise. Obama flew into Shanghai from Singapore on Sunday night to kickoff his four-day visit to China, his first trip to the Asian country since taking office in January. Later Monday, he will fly to Beijing, where he will hold talks with Chinese President Hu Jintao and meet with other Chinese leaders.
SHARM EL-SHEIKH, Egypt, Nov. 8 (Xinhua) -- The Fourth Ministerial Conference of the China-Africa Cooperation Forum (FOCAC) opened in the Egyptian Red Sea resort of Sharm el-Sheikh on Sunday. Chinese Premier Wen Jiabao, Egyptian President Hosni Mubarak and African heads of state or government attended the opening ceremony of the two-day conference, with the theme of "deepening the new type of China-Africa strategic partnership for sustainable development." The fourth ministerial meeting of the Forum on China-Africa Cooperation (FOCAC) opens in the Egyptian resort of Sharm el-Sheikh on Nov. 8, 2009Mubarak, who chaired the opening ceremony, said in a speech that FOCAC is to establish a new stage of relations between China and Africa and a partnership that Africa and China are looking forward to for peace, security and development. Egypt, which was the first African country to recognize the People's Republic of China more than half a century ago, supports the one-China policy and also supports FOCAC from the first day of its establishment, said Mubarak. This reflects the solid relations between the peoples of Africa and China throughout the history and is an effective model of fruitful South-South cooperation, he added. Chinese Premier Wen Jiabao attends the opening ceremony of the fourth ministerial meeting of the Forum on China-Africa Cooperation (FOCAC) in the Egyptian Red Sea resort of Sharm El-Sheikh on November 8, 2009Mubarak urged efforts to deepen cooperation and sustainable development through FOCAC, calling for promoting cooperation between China and Africa on the bilateral and continental levels to support the African efforts to achieve peace and security as the main pillars of comprehensive development. The Chinese premier announced eight new measures the Chinese government will take to strengthen China-Africa cooperation in the next three years in his speech. Egyptian President Hosni Mubarak attends the fourth ministerial meeting of the Forum on China-Africa Cooperation (FOCAC) in the Egyptian Red Sea resort of Sharm El-Sheikh on November 8, 2009. The meeting kicked off here Sunday morning"Chinese people cherish the sincere friendship towards the African people, and China's support for Africa's development is concrete and real," said the premier. "Whatever change may take place in the world, our policy of supporting Africa's economic and social development will not change," Wen said. According to the eight new measures, China will help Africa build up financing capacity, and will provide 10 billion U.S. dollars in concessional loans to African countries and support Chinese financial institutions in setting up a special loan of 1 billion dollars for small- and medium-sized African businesses. For the heavily indebted countries and least developed countries in Africa having diplomatic relations with China, China would cancel their debts associated with interest-free government loans due to mature by the end of 2009, said Wen. The measures are also committed to building clean energy projects in Africa, carrying out joint scientific and technological demonstration projects with Africa, training agricultural technology personnel for Africa and offering assistance on medical care, health, human resources development and education. The eight new measures, which succeeded eight measures put forward by Chinese President Hu Jintao at the landmark Beijing Summit of FOCAC in 2006, stressed more on improving the African people's living standard, Wen said at a press conference after the opening ceremony. Sudanese President Omar al-Bashir expressed his gratitude towards the Chinese government for its sincere efforts to develop its relations with African countries over the past years and to boost development in Africa. He said China has fulfilled its commitments made at the 2006 Beijing Summit to assist Africa in the fields of energy, roads and infrastructure, as well as in the critical area of fighting against serious diseases. Al-Bashir said great achievements have been accomplished by China and Africa under a strategic partnership within the framework of FOCAC, adding that more hard work and commitments are required to carry out the strategic plans, especially in the areas of agriculture, food security and infrastructure. Zimbabwean President Robert Mugabe praised the "strategic cooperation" between China and Africa, saying it represented the culmination of the friendship between the two sides. According to Mugabe, a number of countries in the Common Market for Eastern and Southern Africa region have achieved significant progress in their trade exchanges with China, mainly due to the Chinese measures to increase the number of exported items receiving duty-free entry into their markets. Central African Republic President Francois Bozize said both China and Africa faced great challenges, including natural disasters and climate changes, so both sides should continue working together to deepen their friendship in all fields. Chinese Foreign Minister Yang Jiechi presented to the conference a report on the implementation of the outcomes of the Beijing Summit. The main agenda of the conference is to review the implementation of the follow-up activities of the FOCAC Beijing Summit and the third ministerial conference and explore new initiatives and measures on Sino-African cooperation in priority areas such as human resources development, agriculture, infrastructure development, investment and trade. The FOCAC, a collective consultation and dialogue mechanism between China and African countries launched in 2000, is the first of its kind in the history of Sino-African relationship. It is a major and future-oriented move taken by both sides in the context of South-South cooperation to seek common development in the new situation. The previous three ministerial conferences were held in Beijing, Addis Ababa and Beijing respectively.
BEIJING, Nov. 12 (Xinhua) -- China would not let the yuan gain against the U.S. dollar in the short term, experts said here Thursday when commenting on the latest quarterly report of China's central bank. People's Bank of China (PBOC), the central bank, said Wednesday in its quarterly report of monetary policy, for the first time, that the bank would improve the mechanism of the exchange rate determination "based on international capital flows and movements in major currencies". "The new wording showed that China would reduce speculation and strengthen risk control in the future, but it did not necessarily suggest a change in the yuan's exchange rate policy," said Tan Yaling, an expert with the China Institute for Financial Derivatives at Peking University. "The future mechanism would reflect China's own concerns and status," she said. China's foreign exchange reserves surged to a record 2.27 trillion U.S. dollars as of the third quarter of 2009, up 19.26 percent year on year, PBOC reported in September. According to Yin Jianfeng, a researcher with the Chinese Academy of Social Sciences (CASS), a government think tank, it is natural for the central bank to pay more attention to increasing international capital inflows. "Excessive liquidities are pouring into China as the country is witnessing rapid recovery while the economic condition is still weak in the western world," he said. Zuo Xiaolei, chief economist with Galaxy Securities, said the central bank's report indicated the government had raised concerns that such inflows would put China under huge external pressure for yuan appreciation. Zuo predicted that as the U.S. dollar depreciates further, excessive liquidity will be a global issue in future, which would in turn pull up China's foreign reserve to a new level. China has been facing calls to let its own currency gain against the dollar since it recovered quickly from the financial crisis, especially after it reported the positive economic data of last month, however, experts had expressed different opinions. "Sudden upward movement in the yuan would slow China's economic growth when the country's exports just showed signs of recovery, "Tan said, "All in all, the exchange rate policy should not be subjected to other countries but serve our own economy." Also, the pace of yuan's appreciation should be determined not only by the foreign trade surplus, according to Zuo Xiaolei. The balance of China's internal development should also be taken into consideration, including the massive stimulus package and the accumulated liabilities of local governments, she said. China's exports slid 13.8 percent year on year to 110.76 billion U.S. dollars in October, said the National Bureau of Statistics Wednesday. The decline rate was 1.4 percentage points lower than that of September.
CHENGDU, Jan. 4 (Xinhua) -- A senior Chinese official has urged designated provinces and municipalities to contribute more to the reconstruction work in quake-hit areas in the southwestern Sichuan Province. Zhou Yongkang, a Standing Committee member of the Political Bureau of the Communist Party of China (CPC) Central Committee, made the remarks during an inspection to Sichuan on Jan. 2-4. Zhou Yongkang (L Front), a member of the Standing Committee of the Political Bureau of the Central Committee of the Communist Party of China, visits students at Shuimo High School in Wenchuan County, southwest China's Sichuan Province, Jan. 4, 2010. Zhou Yongkang made an inspection tour in Sichuan Province on Jan. 2-4. After the Wenchuan earthquake, the central government issued a policy designating each of the 18 provinces and municipalities, including Shandong, Guangdong, Beijing and Shanghai, to help rebuild one hard-hit county in Sichuan. Zhou Yongkang (3rd L), a member of the Standing Committee of the Political Bureau of the Central Committee of the Communist Party of China, talks with residents at Qianjin Village in Anxian County, southwest China's Sichuan Province, Jan. 3, 2010. Zhou Yongkang made an inspection tour in Sichuan Province on Jan. 2-4. "After the quake, all designated provinces and municipalities moved quickly to send money and personnel for the reconstruction of infrastructure and projects concerning local people's livelihood. They have made significant contribution," Zhou said. Zhou visited officials and workers from the eastern Shandong Province, who were there to help with the reconstruction at the new seat of Beichuan County, and urged them to build a new county with ethnic characteristics and modern elements. While visiting Yingxiu Town in the Wenchuan County, Zhou told local officials to focus on the livelihood of local residents during reconstruction. The quake on May 12 in 2008, measuring 8.0 on the Richter Scale and up to 11 in terms of intensity, left nearly 80,000 people dead or missing and millions homeless.