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DUBLIN, Sept. 27 (Xinhua) -- Visiting senior Communist Party of China (CPC) official Li Changchun on Monday met with Irish President Mary McAleese and Prime Minister Brian Cowen to discuss bilateral relations.Li, a member of the Standing Committee of the CPC Central Committee Political Bureau, said that bilateral relations have developed steadily since China and Ireland established diplomatic relations. Especially in recent years, the two nations have increased high-level exchanges, enhanced political mutual trust and broadened trade cooperation.He added that China has become the biggest trading partner of Ireland in Asia for five consecutive years, and the two countries have reached fruitful achievements in science and technology, education and culture and maintained close coordination on international affairs.Li Changchun (R), a member of the Standing Committee of the Political Bureau of the Central Committee of the Communist Party of China, meets with Irish President Mary McAleese in Dublin, Ireland, Sept. 27, 2010.Li expressed appreciation for Ireland's adherence to the one- China policy and said China is willing to join hands with Ireland to strength dialogue and communication, deepen pragmatic cooperation in the various fields.For her part, McAleese said in recent years, closer political exchanges and trade cooperation between Ireland and China have further promoted the development of bilateral ties. She hoped that both sides would continue to maintain such positive momentum and expand cooperation to elevate the ties to a higher level.

BEIJING, Sept. 14 (Xinhua) -- Top Chinese legislator, Wu Bangguo, has urged government departments to take effective measures to solve shortages of drinking water and improve the living standards for residents in an impoverished northwestern area of the country."It is a long-term strategic task and an urgent livelihood project to improve the environment and basic living standards in the impoverished areas in Ningxia," said Wu Bangguo during an inspection in northwest China's Ningxia Hui Autonomous Region.Wu, Chairman of the Standing Committee of the National People's Congress (NPC) Standing Committee, urged officials to solve the region's drinking water problem in about three years and accelerate the evacuation of local residents to places with better environment.Wu Bangguo (2nd L), chairman of the Standing Committee of China's National People's Congress, the country's top legislature, inspects a paper manufacture enterprise of northwest China's Ningxia Hui Autonomous Region, Sept. 11, 2010. Wu made an inspection tour in Ningxia from Sept. 10 to 14With an inhospitable natural environment coupled with a severe ongoing drought, the central and southern regions of Ningxia are one of the key impoverished areas for the country to support.Wu visited a mountainous village called Haigou, where the average annual income per capita is only about 2,700 yuan (400 U.S. dollars).Some 251 villagers of the Hui ethnic group are living in the village, and they have been suffering shortages of drinking water due to water and soil losses.

XIAMEN, Sept. 7 (Xinhua) -- China's foreign trade surplus was approximately 84 billion U.S. dollars from Jan. to July, down 20 percent year on year, and the year 2010 is expected to see a small trade surplus, said Commerce Minister Chen Deming on Tuesday.Chen made the projection at the ongoing World Investment Forum that runs from Sept. 7 to 9 in southeast China's coastal city of Xiamen.China has seen a trade surplus in recent years, but with a decreasing margin, and the trade surplus takes up a very small proportion of the GDP, noted Chen."China's foreign trade policy aims to stabilize exports and increase imports, which can boost China's economy and also bring positive impacts to neighboring countries," said Chen.Customs statistics show that China's import and export value in the first seven months reached 1,617 billion U.S. dollars, with exports worth 850.5 billion U.S. dollars, up 35.6 percent, and imports at 766.6 billion U.S. dollars, up by 47.2 percent.China's trade surplus in 2009 was more than 190 billion U.S. dollars, down 34.4 percent from the 290 billion U.S. dollars in 2008.The World Investment Forum is the global meeting on investment and development issues organized by the United Nations Conference on Trade and Development. Held every two years, the forum aims to strengthen international cooperation in the interest of promoting international investment and its contribution to economic growth and development.

BEIJING, Oct. 11 (Xinhua) -- The value of yuan, China's currency Renminbi, hit new high against U.S. dollar Monday as the central parity rate of the yuan was set at 6.6732 per U.S. dollar, according to the data released by the China Foreign Exchange Trading System.Monday's central parity rate beat the previous record of 6.6830 on Oct. 8.The yuan has picked up its strength against the U.S. dollars and seen increased volatility in the trading days since the People's Bank of China (PBOC), the central bank, announced on June 19 this year to increase exchange rate flexibility.Based on Monday's central parity, the Chinese currency has strengthened against the U.S. dollar by about 2.26 percent from the rate of 6.8275 per U.S. dollar that was set a day before the PBOC's pledge to increase flexibility.On China's foreign exchange spot market, the yuan can rise or fall 0.5 percent from the central parity rate during trading each day.China would continue reform of the formation mechanism of its currency exchange rate to improve its flexibility, but will do so in a gradual way, Zhou Xiaochuan, Governor of the People's Bank of China, China's central bank, said in Washington on Sunday.

BEIJING, Oct. 23 (Xinhua) -- China welcomed the World Trade Organization's (WTO) ruling that United States imposition of anti-dumping and countervailing duties on four types of Chinese imports was inconsistent with WTO regulations, the Ministry of Commerce (MOC) said Saturday.The four categories of Chinese imports include standard steel pipe, rectangular steel pipe, laminated woven sacks, and off-road tires, according to an online statement posted on the MOC's website.In a report released Friday, the WTO's dispute settlement body found that the U.S. department of Commerce had acted inconsistently with WTO rules on five elements of the case, which China filed to the WTO in 2008.The U.S. should conduct trade remedy investigations strictly in accordance with the WTO regulations, an unnamed official from the MOC's Department of Treaty and Law said in the statement.However, China was also concerned over some views and rulings made by the WTO expert panel, and would handle issues such as complaints according to WTO disputes settlement procedures, said the official.

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