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NANJING, May 18 (Xinhua) -- A senior Chinese leader in charge of disciplinary and supervision work said Tuesday efforts should be made to remove Party and government officials' "psychological disequilibrium" to improve their legal awareness in the fight against graft.He Guoqiang, a Standing Committee member of the Political Bureau of the Communist Party of China (CPC) Central Committee, told an anti-corruption forum in Nanjing, capital of east China's Jiangsu Province, the Party should innovate to the fight against corruption.He said a great number of achievements have been made and experience accumulated to help in the fight against corruption.He, also head of the Central Commission for Discipline Inspection of the CPC, the Party's internal anti-graft body, said efforts should be made to strengthen supervision and inspection of the implementation of major decisions of the central leadership.

BEIJING, April 28 (Xinhua) -- Industrial enterprises in China's 24 regions reported combined profits of 690.8 billion yuan (101.2 billion U.S. dollars) in the first quarter, more than double the figure of the same period last year, the National Bureau of Statistics (NBS) said in a statement Wednesday.The NBS did not provide reasons for the 102.6-percent profit surge. The figure was down 21.1 percentage points for the first two months of the year, the statement said.Analysts attributed the growth to a low comparison base during the first quarter of 2009 when the country's economic growth was dragged down by the global economic downturn. The economic recovery, backed by government stimulus measures, also helped lift profits.The People's Bank of China, the central bank, said in a statement last week that industrial production in the first quarter had accelerated and profits of enterprises continued to expand on growing domestic demand.Altogether 38 of the 39 major industrial sectors saw year-on-year growth in profits, with profits of the steel industry up 3,380 percent and those of the power sector up 1,540 percent, the statement said.

BEIJING, May 18 (Xinhua) -- Chinese Premier Wen Jiabao said Tuesday he expects the upcoming visit to China by German Chancellor Angela Merkel to be a new starting point in enhanced China-Germany economic cooperation.Wen made the remarks while meeting with German entrepreneurs and German President Horst Koehler in Beijing.Merkel will visit China in July, Wen said, adding that he hoped the two countries will cooperate in a tangible way.Wen met separately with Koehler earlier Tuesday afternoon.As major manufacturers and trading nations, China and Germany have played active roles in combating the financial crisis, Wen said.Chinese Premier Wen Jiabao (R Front) meets with German President Horst Koehler (L Front) in Beijing, capital of China, May 18, 2010.Wen said the world economy is recovering sluggishly.The sovereign debt crisis in Europe has slowed down the economic recovery, he said, adding that the impact of the crisis is more severe and complicated than people expected.He urged the international community, in particular the major economies, to have a clear understanding of the situation, strengthen confidence, and seek an effective mechanism for global economic governance with joint efforts, so as to actively promote the world economic recovery.Koehler agreed with Wen's views on the international financial situation, praising what China did to combat the financial crisis.

BEIJING, April 12 -- As the country begins to phase out obsolete production methods in an economic restructuring drive, industries with overcapacity are likely to face even tougher financing terms this year.In response to the government call to curb excessive capacity, the banking regulator earlier this year asked lenders to maintain strict controls on loans flowing into industries including steel, cement, plate glass, shipbuilding, electrolytic aluminum, the chemical processing of coal and polysilicon.Liu Mingkang, chairman of the China Banking Regulatory Commission, said that commercial lenders should readjust their credit structures to support the country's industrial upgrading and restructuring drive."Loans to industries with overcapacity were growing at a significantly lower pace last year compared with that of the overall credit expansion," he said. Given that the country was considering an exit from the loose monetary policy implemented to counter the financial crisis last year, analysts said credit avenues for industries listed on the government "blacklist" were set to be limited. The Chinese government is targeted to give out 7.5 trillion yuan in new loans this year, lower than the record 9.59 trillion yuan lent in 2009.Indeed, industries with excessive capacity have not benefited from the lending binge last year, as commercial lenders' loans to such industries continued to drop. China Construction Bank (CCB), the nation's second largest lender, said its loans to industries with overcapacity accounted for 12.8 percent of the bank's total outstanding loans as of the end of last year, down from 15.7 percent a year earlier."We've decided to gradually exit from lending to industries with excessive capacity, and will only support leading enterprises in these industries and projects approved by the government," said CCB Vice-President Chen Zuofu.Bank of China, the most aggressive in pushing out credit among Chinese lenders last year, said outstanding loans for overcapacity industries declined to 219 billion yuan as of the end of last year, and account for 7 percent of the bank's total corporate loans.

BEIJING, June 3 (Xinhua) -- Chinese Premier Wen Jiabao's four-nation Asia tour, which took him to South Korea, Japan, Mongolia and Myanmar and a tripartite summit of China, South Korea and Japan, was fruitful and widely applauded, Chinese Foreign Minister Yang Jiechi said Thursday.The week-long tour was conducted against the backdrop that China needs to strengthen mutual trust and further deepen cooperation with the four countries while certain complex and sensitive issues in the region needed to be properly handled, Yang told reporters.The premier made the visits with confidence and hope for peace, friendship and cooperation, he said.POLITICAL MUTUAL TRUST PROMOTEDChinese Premier Wen Jiabao speaks during the third trilateral summit in South Korea's southern resort island of Jeju on May 29, 2010. Chinese Premier Wen Jiabao, South Korean President Lee Myung-bak and Japanese Prime Minister Yukio Hatoyama met in the trilateral summit with the aim of mapping out future cooperation in East Asia. During his visits, Premier Wen repeatedly emphasized the importance of mutual trust in relations and cooperation between nations, and expounded China's position on its peaceful development, its friendly policies toward neighboring countries, and its notion of building a harmonious world.Wen also stressed that China would never seek hegemony and that China's development poses no threat to any other countries, Yang said.Leaders of the four nations said they attached great importance to China's role. They believed that China's development is critical for peace and prosperity of the region and the world at large. They expressed their willingness to keep high-level exchanges with China and to strengthen communication and coordination on major issues.Wen and South Korean leaders agreed that both China and South Korea are important countries in East Asia and have broad common interests, and that the two countries should continue to push forward the bilateral strategic cooperative partnership.In Japan, Wen pointed out that China sees Japan as a strategic partner, not a competitor or a rival. He said the two neighbors should view each other as partners so as to have peaceful coexistence, long-lasting friendship and common development.In Mongolia, Wen stressed that the development of good-neighborly partnership of mutual trust between China and Mongolia serves the fundamental interests of the two peoples and contributes to peace, stability and common development in the region. The Mongolian side reiterated its firm adherence to the one-China policy and strong support to China on the questions of Taiwan and Tibet.In Myanmar, Wen said China respects the Myanmar government and people for their choice of a development path in line with this country's conditions, and wishes Myanmar stability, unity and development. He said China would like to join hands with Myanmar to push forward the development of a good-neighborly cooperative relationship.