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DUSHANBE, Nov. 25 (Xinhua) -- Chinese Premier Wen Jiabao and Kyrgyz President and Acting Prime Minister Roza Otunbayeva met here Thursday, with both sides pledging to enhance cooperation in economy, technology and other areas.The two leaders were meeting on the sidelines of the 9th prime ministers' meeting of the Shanghai Cooperation Organization (SCO) in the Tajik capital.Premier Wen told Otunbayeva that China pays great attention to the situation in Kyrgyzstan and hopes for stability in the country.Wen said that both countries should follow the principles stipulated in the Sino-Kyrgyz Good-neighborly Treaty of Friendship and Cooperation to further enhance political mutual trust and push forward for a steady and healthy development of bilateral ties, adding that this serves the fundamental interests of both peoples.Chinese Premier Wen Jiabao (R) shakes hands with Kyrgyz President Roza Otunbayeva in Dushanbe, Tajikistan, Nov. 25, 2010. While expressing the belief that the Kyrgyz people could overcome by themselves the current difficulties, he also promised that China would continue to provide support and help within its own capabilities for Kyrgyzstan both in the bilateral framework and in that of the SCO.The Chinese premier said China would actively participate in the reconstruction of southern Kyrgyzstan, and promote in a down-to-earth manner the projects on bilateral economic and technological cooperation so as to benefit the two peoples.For her part, Otunbayeva expressed her gratitude for China's long-term support and humanitarian assistance for the economic development of her country.She said that her government would continue to pursue friendly policies toward China, and stick to existing political and legal documents signed by the two sides.The Kyrgyz leader also said that her country was ready to strengthen friendly and mutually beneficial cooperation with China in the areas including economy, trade and infrastructure construction.Furthermore, she expressed Kyrgyzstan's hope for stronger coordination and cooperation with China in the fight against the three evil forces of terrorism, separatism and extremism and drug trafficking so as to join hands to cope with increasingly severe regional security challenges.The one-day SCO prime ministers' meeting concluded Thursday with the participants agreeing to further strengthen cooperation in security, politics, trade and other areas.

BEIJING, Nov. 16 (Xinhua) -- Foreign direct investment (FDI) into China rose for the 15th consecutive month in October, indicating China remains a favored investment destination for foreign businesses.Inbound FDI increased 7.86 percent year on year in October to 7.663 billion U.S. dollars, the Ministry of Commerce (MOC) said Tuesday.The October figure means inbound FDI for the first 10 months of the year totaled 82.003 billion U.S. dollars, a year-on-year increase of 15.71 percent.MOC spokesman Yao Jian said at a press conference China remains a hot spot for foreign investors.Foreign businesses have begun to shift their investments from export-orientated sectors to domestic market-orientated businesses because of China's improved legal system and its expanding market, he said.In the first 10 months of the year, the manufacturing sector received 47.59 percent of FDI inflows while the services industry got 45 percent.A total of 21,181 foreign-invested enterprises were approved for establishment during the 10-month period, up 16.62 percent from a year earlier.In September inbound FDI grew 6.14 percent year on year.The acceleration in the rate of inbound FDI growth was due to the U.S.'s second round of quantitative easing, some analysts explained.Yao denied the link but said the Chinese government is keeping an eye on liquidity.

SEOUL, Nov. 11 (Xinhua) -- Chinese President Hu Jintao held bilateral talks on Thursday with the presidents of South Korea, the United States and Russia, respectively, to discuss bilateral relations as well as regional and international issues including global economic recovery.The meetings took place after Hu arrived in Seoul earlier in the day for the summit of Group of 20 (G20) major economies in Seoul.RELATIONS WITH SOUTH KOREAWelcoming President Hu, South Korean President Lee Myung-bak said he believed China would play an important role in promoting international economic cooperation within the G-20 framework.The two presidents reached a consensus on further strengthening the bilateral relations and on how to successfully hold the G-20 summit.The healthy and stable development of China's economy is very important to the development of Asia and also to the recovery of the world's economy, Lee said.The South Korean president also voiced hopes for the two countries to strengthen their exchange activities with an aim to increase mutual trust and further develop their bilateral strategic partnership.Hu said the Seoul G-20 summit is the first to be held in an Asian country and also in an emerging market economy.Hu stressed that China and South Korea are important neighbors and partners and that China is willing to work with South Korea to advance the bilateral strategic partnership into a comprehensive one.Hu said China has always supported the improvement of relations between the Democratic People's Republic of Korea and South Korea."China is willing to play a constructive role in this regard," he said.Lee expressed his appreciation for China's efforts in maintaining peace and stability on the Korean Penisula.

WUHAN, Jan. 18 (Xinhua) -- The fire in a residential area in Wuhan, capital of central China's Hubei Province, was put out Tuesday morning and no casualties were reported, local authorities said.The fire started at around 11 p.m. Monday from the first floor of a four-storey building in Qiaokou District, according to the city's fire control department.The building's first floor was a food market and more than 20 people lived upstairs. Most of them managed to escape after the fire started.More than 200 fire fighters had been dispatched to contain the blaze. Fire fighters rescued six from the building, including an old man and a child.The cause of the fire is still under investigation.

BEIJING, Nov. 27 (Xinhua) -- Two years of monetary easing policies helped China's economy emerge from the global financial crisis. Now, facing a runaway inflow of hot money, fast loan growth, and escalating inflation, China could become serious about tightening regulations to achieve a "soft landing".Analysts recently said China could see more interest rate hikes in the final month of 2010 in a bid to soak up excessive liquidity and prevent a potential overheating of the economy.Further, the People's Bank of China (PBOC) Deputy Governor Hu Xiaolian said on Oct. 24 that using multiple monetary policy tools to improve liquidity management and guide the money and credit growth back to normal would be the main task for the central bank in the remainder of this year.According to data released by the central bank Friday, in October those funds outstanding for foreign exchange (FOFE) hit 525.1 billion yuan (78.37 billion U.S. dollars), the second highest monthly record in history.That is to say, PBOC issued 519 billion yuan of Renminbi in October to purchase the same amount of fresh inflow of foreign exchanges, which usually enter the nation in the form of trade surplus, foreign direct investment and short-term international speculative funds."The huge inflow of hot money is an important reason behind the sharp rise in FOFE," said Zhang Ming, a researcher with the China Academy of Social Sciences (CASS).He noted, as the European debt crisis ceased, that speculative funds have returned to the emerging markets, notably after the U.S. Federal Reserve announced the second round of its quantitative easing policy."As the massive inflow of foreign exchange increases the domestic monetary base, it has become a major impetus of a broad money supply, which could exacerbate inflation," said Liu Yuhui, also a researcher with CASS.Hefty foreign exchange inflow usually goes together with soaring inflation. China's FOFE hit a record 525.1 billion yuan in April 2008. In the same month, China's Consumer Price Index (CPI), a main gauge of inflation, was up by 8.5 percent, which was unprecedented.Also, this October, the CPI rose by 4.4 percent, the highest amount in 25 months.Boosted by a massive trade surplus, the domestic monetary situation began easing in late 2008, as China's broad money supply exceeded 70 trillion yuan, surpassing the United States to become the world's largest.Li Daokui, a member of the monetary policy committee with the PBOC, said hefty money supplies posed huge risks to the nation' s banking system and, more imminently, would exacerbate the current inflation."The interest rate increase last month sent a signal that more such increases will come in the future," he said.