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BEIJING, March 11 (Xinhua) -- China's February consumer price index (CPI), a main gauge of inflation, is still within normal range, although the figure surged higher than expected last month.CPI rose 2.7 percent year on year in February, 1.2 percentage points higher than January, driven by a 6.2 percent rise in food prices, the National Bureau of Statistics (NBS) said Thursday.Yang Ziqiang, head of the People's Bank of China's Jinan bureau, said the hefty rise is because the Lunar New Year holiday fell in February this year, but in January last year.The Lunar New Year holiday, or Spring Festival, is the most important traditional festival in China for family reunion. People usually spend a lot on food, alcohol, cigarettes and gifts during the period.Yang, also a deputy to the National People's Congress (NPC), China's top legislature, made the sidelines of the ongoing NPC session.China targets a rise of consumer price of around three percent this year, says a government work report delivered by Premier Wen Jiabao at the parliament's annual session on March 5.Yang said severe inflation is unlikely to emerge this year, as market supply still outweighs demand, and government regulation on the real estate industry will help stabilize prices.But he cautioned against the consistent commodity price increases, as the international crude oil prices rebounded to above 80 U.S. dollars a barrel.Li Daokui, a financial professor with the Tsinghua University, said CPI rise exceeds the current one-year deposit interest rate, or 2.25 percent, which will enhance the expectation of interest rate rise.China's CPI ended nine months of decline in November last year, when it rose 0.6 percent, as the economy picked up thanks to the government's stimulus package.However, the unprecedented bank loans last year together with runaway housing prices pushed up fears for inflation and asset bubbles, posing a policy dilemma for the government to balance between sufficient economic growth and containing potential overheating.

DAVOS, Switzerland, Jan. 28 (Xinhua) -- Chinese Vice Premier Li Keqiang on Thursday met World Economic Forum executive chairman Klaus Schwab, stressing his country's commitment to cooperating with the international community to boost sustained and balanced economic growth in the world.Li told Schwab, founder of the annual forum, that as the largest developing country in the world, China will stick to its responsibility in extending cooperation into more fields and into different layers during the global economic recovery.Chinese Vice Premier Li Keqiang (L front) meets with Klaus Schwab, founder and executive chairman of the World Economic Forum (WEF), in Davos, Switzerland, Jan. 28, 2010China will keep the continuity and stability of its macro-economic policies, continue to follow a proactive fiscal policy and moderately easy monetary policy and make its policies better targeted and more flexible in response to new circumstances, Li said.The vice-premier described his country's cooperation with the World Economic Forum as sound and fruitful over the years.The Chinese cities of Dalian and Tianjin have so far offered to host three summer versions of the Davos forum.Schwab said that China has played an active and promotive role in boosting global economic recovery and is an important force to be reckoned with in the world economic arena.Chinese Vice Premier Li Keqiang (1st R) meets with Klaus Schwab (2nd R), founder and executive chairman of the World Economic Forum (WEF), in Davos, Switzerland, Jan. 28, 2010.Schwab expressed his hope that the winter and summer versions of the economic forum would complement each other and attract the participation of trend-setters in such sectors as new energy and new technology to render the fora more influential worldwide.The vice premier also met, on the sidelines of the forum, entrepreneurs and executives from companies from various countries.

VLADIVOSTOK, Russia, March 20 (Xinhua) -- China and Russia pledged here Saturday to further interregional cooperation with each other and signed a series of cooperation deals.Governor of Russia's Primorsky Territory Sergey Mikhaylovich Darkin and visiting Chinese Vice-President Xi Jinping met here and exchanged views on the development of bilateral ties and cooperation between neighboring regions of the two countries. Chinese Vice President Xi Jinping (R, front) shakes hands with Sergei Darkin, governor of Russia's Primorsky region, in Vladivostok, Russia, March 20, 2010Xi told Darkin making the Primorsky Territory the first leg of his Russian tour was to boost the interregional cooperation between China and Russia to a wider and deeper level, as agreed by leaders of both sides.Conditions were already mature for the development of interregional cooperation between the two countries, Xi said. Chinese Vice President Xi Jinping (3rd R, front) meets with Sergei Darkin (3rd L, front), governor of Russia's Primorsky region in Vladivostok, Russia, March 20, 2010While the settlement of border issues and the approval of a cooperation plan outline had laid a political and legal basis for cooperation, the strong will of working hand in hand by the government and enterprises on both sides was also making it possible, the Chinese leader said.Xi said, as both economies were developing quickly, he hoped China and Russia could seize the opportunity to obtain early achievements through interregional cooperation, and to realize the upgrading of the strategy for such cooperation to bring benefits to people living in the bordering areas.Darkin said the Primorsky Territory, as China's closest neighbour, had achieved in recent years closer trade and economic ties with China's northeast border region.The governor said Chinese companies were welcome to invest in the Primorsky Territory and to see it as a bridge for their products to reach Europe.He also expected both sides to further cooperation in such areas as agriculture, energy, finance and service industries.Later in the day, China and Russia signed 15 cooperation documents totalling 1.6 billion U.S. dollars covering economic, technological, energy and infrastructure cooperation.The agreements were signed after Xi held a meeting on strengthening China-Russia interregional cooperation, known as the symposium on China-Russia Ussuriysk economic and trade cooperation area.At the meeting, Xi heard reports given by top leaders from the Chinese Ministry of Commerce, China's Heilongjiang Province and Wenzhou City and Chinese enterprises.Xi said Russia's Far East area and China's northern frontier provinces were important trading partners and should enhance bilateral cooperation.This would not only promote economic and social development and improve the livelihoods of people in the neighboring regions, but also inject powerful energy into the development of the bilateral strategic cooperative partnership between the two countries, he said.Xi arrived in Vladivostok on Saturday for a five-day official visit to Russia. He will later travel to Belarus, Finland and Sweden.

MOSCOW, March 19 (Xinhua) -- Chinese and Russian officials and experts have expressed optimism on further expansion of Sino-Russian ties on the eve of a visit here by Chinese Vice-President Xi Jinping.A Chinese Foreign Ministry spokesman said Thursday that Xi’s visit to Russia would further promote bilateral cooperation.Xi was invited by Russian Prime Minister Vladimir Putin to attend the inauguration of the Year of Chinese Language, and the opening ceremony of the second round of dialogue between the Chinese and Russian ruling parties, Qin Gang said."The Year of Chinese Language will promote mutual understanding and friendship between the Chinese and Russian people, which would also enhance the two countries' cultural cooperation," he said.At a press conference for the upcoming Year of Chinese Language held here on Wednesday, Li Hui, Chinese ambassador to Russia, said the language year would be conducive to nurturing language talents and deepening the bilateral relationship."I hope that, through the Year of Chinese Language, Russian people, particularly the young people, will understand Chinese society and traditional culture,” he said.China held the Year of Russian Language in 2009 and, with this year's reciprocation in Russia, is an effort to further consolidate the bilateral strategic partnership of cooperation.Li said previously the Year of Chinese Language, with its many events, would write a new page in China-Russia ties and elevate bilateral relations to a new high.In a recent interview with Xinhua, Alexander Lukin, director of the Center for East Asia and Shanghai Cooperation Organization Studies at Moscow State University for International Relations, said Russia-China ties, which have been developing smoothly, are at their best in history.The current ties between Russia and China are entirely equal and are based on practical interests, Lukin said."The two countries have almost no contradictions. Both support a multi-polar world and oppose a global structure dominated by a certain country," he said.Several leading Russian Sinologists, who attended a recent reception for the traditional Chinese lantern festival, all hailed the achievements made in Russia-China relations in recent years.Russian First Deputy Foreign Minister Andrey Denisov and Mikhail Titarenko, chairman of the Russia-China Friendship Association, said the frequent high-level exchanges in 2009, joint celebration of the 60th anniversary of the Russia-China diplomatic relations and the success of the Year of Russian Language had played a key role in deepening bilateral relations.They said Russia-China relations would maintain sound development in 2010 and a series of grand events, including the Year of Chinese Language, would further boost bilateral ties.