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BEIJING, April 26 (Xinhua) -- China pledged to further develop military ties with Cuba during a meeting of senior military officials from the two countries on Monday."The years since China and Cuba forged diplomatic ties in 1960 have witnessed a stable development of bilateral relations and fruitful cooperation in various fields," Chinese Defense Minister Liang Guanglie said when meeting with Alvaro Lopez Miera, vice minister and chief of the General Staff of Cuba's Revolutionary Armed Forces.The armed forces of China and Cuba have maintained frequent high-level visits and good communication, Liang said, citing the expansion of exchanges and cooperation in personnel training.Chinese Defense Minister Liang Guanglie (R) meets with Alvaro Lopez Miera, vice minister and chief of the General Staff of Cuba's Revolutionary Armed Forces in Beijing, capital of China, on April 26, 2010. China has always believed that the development of China-Cuba relations and their military ties are in the fundamental interests of both nations' people, he said.Liang, also a state councilor, said he would like to work with Cuba to further upgrade military ties.Lopez praised China's achievements in social and economic growth, adding that Cuba is willing to learn from China's experience.He also offered his condolences to the the victims of the 7.1-magnitude earthquake jolting northwest China's Qinghai Province on April 14, expressing his hope the two countries can enhance military cooperation in disaster-relief work.Arriving in China April 24, Lopez is scheduled to conclude the official goodwill visit on April 29.He held talks with Chen Bingde, chief of the General Staff of China's People's Liberation Army, here on Sunday.

BEIJING, May 8 (Xinhua) -- To achieve equitable development globally, China adheres to a principle of "common but differentiated responsibility" on climate change, a senior official said here Saturday.Xie Zhenhua, vice minister of the National Development and Reform Commission (NDRC), made the remarks at the International Cooperative Conference on Green Economy and Climate Change.Xie's comments came a day after Chinese Premier Wen Jiabao said that according to the principle of "common but differentiated responsibility," the international community should further clarify the mandatory reduction targets for developed countries and mitigation actions for developing nations."Developed countries discharged a great amount of greenhouse gases during their industrialization in the previous two centuries. That is the main cause of global warming," said Xie, one of China's leading negotiators for climate change talks. "That's why they should take most of the responsibility to reduce carbon emissions."Developed countries have already overused the earth's atmosphere for emissions, occupying what should be emission quotas for developing countries who are developing to meet their citizens' basic needs, he said."Developing countries are now beginning to industrialize. It is unfair to limit their development," Xie added.Xie said developed countries should transfer environmentally friendly technologies to developing nations and increase their aid to poor nations.Although a challenging task, China was likely to lower its energy consumption per unit of gross domestic product (GDP) by 20 percent at the end of this year compared with the 2005 level, he said.China would work to play a constructive role to promote a successful Cancun conference and further enhance dialogue and cooperation with the international community in terms of tackling climate change and promoting sustainable development of the world, he said.Five months after the Copenhagen talks and seven months before the Cancun conference, Saturday's conference was recognized as a platform to promote the materialization of pledges in the Copenhagen accord and urge for a fruitful Cancun conference.With a theme of "Low carbon, New energy and Sustainable development," the conference was organized by the China Center for International Economic Exchanges. The conference has invited top leaders, environment officials and entrepreneurs from both China and countries including Brazil, India, Mexico and South Africa.

BEIJING, May 2 (Xinhua) -- The People's Bank of China (PBOC), the central bank, announced Sunday it will raise the deposit reserve requirement ratio (RRR) for most financial institutions for the third time this year amid growing concerns of asset bubbles and economic overheating.The bank said in a statement on its website that it would raise the deposit reserve requirement ratio (RRR) for financial institutions by half a percentage point from May 10.The ratio for the rural credit cooperatives and rural banks would remain unchanged at 13.5 percent, said the PBOC.However, the RRR for other small financial institutions would rise to 14 percent, and that for large financial institutions to 17 percent.This is the third rise in the deposit ratio this year. On Jan. 12 and Feb. 17, the central bank raised the deposit ratio by half a percentage point each time.The move indicated the government was taking further steps to tighten monetary policy in response to concerns of overheating and asset bubbles, said Liu Yihui, an expert with the Financial Research Center of the Chinese Academy of Social Sciences (CASS).The PBOC has cut the bank reserve requirement ratio four times during the second half of 2008 to stimulate growth, as the global financial crisis started to weigh on the economy.The country posted a better-than-expected 11.9 percent year-on-year economic growth in the first quarter, but the government was cautious and had repeatedly warned that the economic conditions this year were "very complicated."China's consumer price index (CPI), the main gauge of inflation, saw a rise of 2.4 percent year on year in March, nearing the ceiling of 3 percent inflation this year that the government has set at the annual parliamentary session that month."There is an obvious tendency of overheating," Liu said.

NINGBO, Zhejiang, May 16 (Xinhua) -- Internet of Things (IOT) -- which refers to digital networks of physical objects -- has huge potentials but many challenges lie ahead, said scientists, entrepreneurs and government officials on Sunday.IOT has become a catchword for those at the Information and Communication Technology and Urban Development Forum held in east China's coastal Ningbo this weekend on the sidelines of the Shanghai Expo; from ministers to mayors, scientists to entrepreneurs, keynote speakers to audiences.China should accelerate the development of the IOT industry so as to create a new platform for economic growth, said Li Yizhong, Minister of Industry and Information Technology in his opening speech to the forum.The first theme forum of the Shanghai World Expo is closed in Ningbo, a coastal city of east China's Zhejiang Province, May 16, 2010. The two-day forum focusing on information and communication technologies (ICT) and urban development attracted over 600 participants including renowned scholars and entrepreneurs.Minister Li's words were echoed by Zhao Hongzhu, communist party chief of Zhejiang Province, who called for more efforts to develop such key concepts as IOT, which, in his words, "present a brilliant future for urban life."In what's called Internet of Things, networks of real-world objects are linked to the Internet and interact through web services. As more objects are embedded with sensors, giving them the ability to communicate, and networked together, the possibilities are enormous, potentially resulting in new business models, improved business processes and reduced costs and risks, according to a March 2010 report by McKinsey & Co..

MOSCOW, May 8 (Xinhua) -- Chinese President Hu Jintao and Russian Prime Minister Vladimir Putin met here Saturday and agreed to further enhance the strategic relations of cooperation and partnership between their two countries.President Hu is in Moscow for celebrations marking the 65th anniversary of the victory of the Great Patriotic War over Nazi Germany.At the meeting, Hu said that both China and Russia made great historic contributions to the victory of the World Anti-Fascist War and China takes the same stance toward the history of World War II as Russia. Chinese President Hu Jintao (L) meets with Russian Prime Minister Vladimir Putin in Moscow, May 8, 2010.China and Russia should strengthen communication and coordination to firmly safeguard the truthfulness and seriousness of history, Hu said, adding that China would like to work together with Russia to hold a series of events to mark the 65th anniversary of the victory of the World Anti-Fascist War.Hu told Putin that China-Russia relations are now enjoying a sound momentum of development and the two countries have made much headway in their cooperation in all fields.The two countries have also had close interaction and coordination in dealing with international and regional affairs, he said.