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NEW YORK, Sept. 21 (Xinhua) -- Chinese Foreign Minister Yang Jiechi on Tuesday expressed hope that the four BRIC countries -- China, India, Russia and Brazil -- will further strengthen coordination and cooperation.Yang made the appeal as he chaired a meeting of BRIC foreign ministers in New York.Yang told his BRIC counterparts that the four countries have constantly enhanced their cooperation in a more defined direction and within an increasingly mature mechanism, thus increasing their influences in the international arena.He hoped that the four countries will further strengthen coordination, build a solid foundation for cooperation and broaden areas of cooperation so as to uphold the common interests of developing countries.The foreign ministers held discussions over issues including cooperation among emerging market countries, the reform of the international financial architecture and global economic governance as well as international development cooperation.The meeting was held on the sidelines of the UN high-level meeting on the Millennium Development Goals (MDGs), which began Monday.On Tuesday, the Chinese foreign minister also held a bilateral meeting with his Russian counterpart, Sergei Lavrov.Yang told Lavrov that frequent contacts at high-levels between China and Russia have fully demonstrated the high standard of Sino- Russian strategic partnership of cooperation.China hopes both sides will further enhance communication and coordination so as to elevate their cooperation in all areas to a new level, Yang said.Lavrov said that Russia is willing to work with China to deepen cooperation in all areas and strengthen coordination and cooperation on major international and regional issues so as to continue to move forward bilateral relations.

SHANGHAI, Oct. 18 (Xinhua) -- China will continue to promote gradual exchange rate reforms, even while the yuan is expected to stabilize at a reasonable level, said Yi Gang, head of the State Administration of Foreign Exchange (SAFE) Monday in Shanghai.Yi, also deputy governor of the People's Bank of China (PBOC), or the central bank, made the remarks at a seminar held by the International Monetary Fund (IMF) to discuss the theme "Macro-Prudential Policies -- an Asian Perspective"."The flexibility of the yuan has increased since China launched exchange rate reforms in June. We will further boost those reforms, but the process will be gradual," Yi said."Judging from the markets, the yuan can remain stable at a reasonable and balanced level," he said.China will also continue to expand domestic demand and boost construction in rural medical services, education and infrastructure, he said.Five years ago, China abandoned a decade-old peg to the U.S. dollar and allowed its currency to fluctuate against a basket of currencies and appreciate by 2.1 percent.Since then, the yuan has strengthened further, albeit slowly, and has risen more than 21 percent against the greenback.On June 19 this year, the Chinese central bank announced that it would further reform the yuan's exchange rate mechanism to improve its flexibility.

BEIJING, Sept. 17 (Xinhua) -- The People's Bank of China (PBOC), or the central bank, announced Friday it would continue the country's moderately easy monetary policy while making it better-targeted and more flexible in the coming months of this year.The PBOC made the announcement in its report on China's financial stability, which was released on the PBOC's website.The PBOC said in the next stage it needs to skillfully handle the relationship between maintaining steady and rapid economic development, restructuring the economy and managing inflation expectations.Chinese banks should continue supporting the country's economic restructuring, guard against risks, change profit structures, and improve the capital replenishing and restriction mechanism, the central bank said in the announcement.The announcement noted that local government debt was rising quickly, corporate liquidity was decreasing with a high current debt ratio, and credit card advances were increasing despite mounting financial assets held by residents and the low debt level.It said the global financial crisis had revealed limitations and gaps in the existing regulatory system. To prevent systemic risks, the central bank would combine macro and micro-prudential supervision in its policy package.

BEIJING, Sept. 8 (Xinhua) -- China and Myanmar agreed on Wednesday to took the opportunity of the 60th anniversary of bilateral diplomatic ties to consolidate traditional friendship and enhance cooperation in key areas including energy and infrastructure building.Chinese President Hu Jintao and Myanmar's top leader Than Shwe reached the agreement in their one-hour-long talks in the Great Hall of the People.After a red-carpet welcome ceremony for Than Shwe, chairman of Myanmar's State Peace and Development Council, Hu told him China highly valued its relations with the country, and it was an unswerving policy of China to solidify and develop good-neighborly cooperation with Myanmar."The policy will remain unchanged regardless of changes of international situation," he added.Hu said that with the meticulous care of leaders of the elder generations of both sides, China-Myanmar relations had withstood the tests of the ever-changing world since the establishment of diplomatic ties 60 years ago."Our bilateral relations have seen consolidation and growth ever since, and has set an example for friendly relations between countries with different social systems," said the Chinese president.Hailing the profound friendship between the two countries, Than Shwe said the two countries supported and understood each other over the years, citing enhanced friendship and trust, frequent high-level visits and rapid growth of win-win cooperation in various areas.China has stuck to a peaceful development road, said the Myanmar top leader, adding China's stance on major issues such as climate change fully reflected the interests and concerns of vast developing countries.He also reiterated his government's adherence to the one-China policy.This year marks the 60th anniversary of China-Myanmar diplomatic ties. The two leaders agreed to take the chance to facilitate closer exchanges and cooperation in various areas.Hu proposed to keep regular contact between the two countries' leaders through visits and meetings on multilateral occasions, in a bid to maintain timely communication on bilateral ties and major issues of common concern.He also said it was important to maintain the consistency of China-Myanmar good-neighborly policies, step up efforts in formulating bilateral economic cooperation program to guide and facilitate win-win trade cooperation."China is willing to increase imports from Myanmar," he said, adding the Chinese market welcomes more investment from Myanmar enterprises.The two countries share a border line of over 2,200 kilometers. Hu called on both sides to jointly safeguard peace and stability of the frontier and boost economic and social development of the border areas."China respects sovereignty and territorial integrity of Myanmar, understands and supports the Myanmar government's efforts for national reconciliation," Hu said.He vowed to enhance cooperation with the country in border management, intensify efforts to jointly combat cross-border crimes for sound production and life order of the border regions.Than Shwe agreed with Hu's proposals, saying it was of vital importance for both countries to maintain peace and stability of the border areas. He pledged joint efforts with China to this end.Than Shwe arrived in Beijing on Tuesday afternoon to start his five-day state visit to China. China's top legislator Wu Bangguo and Premier Wen Jiabao will meet with him on Thursday.Besides Beijing, Than Shwe will also visit the 2010 Shanghai World Expo and the economic hub of Shenzhen in Guangdong province.

BEIJING, Nov. 7 (Xinhua) -- Chinese President Hu Jintao on Saturday wrapped up a fruitful visit to France, opening a new chapter in the comprehensive strategic partnership between the two countries.With Hu's three-day visit to France, which started on Thursday, the heads of state and top legislators of the two countries have visited each other's country within one year for the first time.Earlier this year, French President Nicolas Sarkozy and Bernard Accoyer, speaker of the French National Assembly, visited China. China's top legislator Wu Bangguo has also visited France recently.Such a frequent exchange of visits has been rare in the history of bilateral relations.During his stay in France, Hu met Sarkozy on at least five occasions and the two leaders held in-depth consultations on issues concerning bilateral ties and major global affairs.The frequency of their meetings in less than 48 hours reveals the high importance both sides have attached to this visit.On Thursday, China and France issued a joint statement, pledging to strengthen the comprehensive strategic partnership between the two countries.The statement stressed that China and France, both permanent members of the UN Security Council and big economies in the world arena, shoulder special responsibilities, and China-France relations should continue to play an exemplary role.The two sides should establish a new type of partnership and should also deepen their cooperation in international affairs to jointly deal with major global threats, especially the proliferation of weapons of mass destruction and their means of delivery, said the statement.They should also work together to address such hotspot issues as Iran's nuclear program, the denuclearization of the Korean Peninsula and the conflict in Afghanistan, it added.The two sides have also reached consensus on such issues as fighting protectionism, combating climate change, supporting Africa's economic growth and advancing China-EU relations.During Hu's visit, China and France signed a number of cooperation agreements, covering a wide range of areas such as nuclear energy, aviation, finance, energy efficiency, environmental protection, climate change and culture.According to French media's estimates, the total value of the trade and cooperation agreements signed between the two nations during Hu's visit could reach 20 billion euros (about 28.1 billion U.S. dollars).

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