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PYONGYANG, March 16 (Xinhua) -- Democratic People's Republic of Korea (DPRK) Premier Kim Yong Il met China's new ambassador, Liu Hongcai, here Tuesday.During the meeting which was also attended by Vice-Premier Ro Tu Chol at the Mansudae Assembly Hall, the DPRK officials said they highly appreciated the relationship between the DPRK and China.Kim warmly welcomed Liu, saying the DPRK and China held a series of activities last year to mark the two countries' year of friendship and the bilateral relationship had witnessed constant achievements in areas of politics, economy and culture, especially in the commercial sector, from the beginning of this year.Kim expressed thanks for the support of the Chinese party, government and people to the DPRK on socialistic construction, saying the DPRK people would never forget it and it was the unswerving stand of the DPRK's party and government to continue consolidating and developing the DPRK-China friendship.Liu said the activities held by China and the DPRK last year to mark the friendship served as a good opportunity for young people in the two countries to exchange views and develop friendship.He said he would make efforts to boost relations between the two countries and expand areas of mutually beneficial cooperation.Liu, who arrived in Pyongyang on March 5, presented his credentials on March 8 to Kim Yong Nam, president of the Presidium of the DPRK Supreme People's Assembly.

HANOI, Feb. 4 (Xinhua) -- Vietnamese National Assembly Chairman Nguyen Phu Trong said here on Thursday that Vietnam vows to advance friendly ties with China.Trong made the remarks when meeting with Han Qide, vice chairman of China's National People's Congress Standing Committee, and president of the Chinese People's Association for Peace and Disarmament.Trong said Vietnamese and Chinese high-level officials have been committed to developing bilateral comprehensive strategic cooperative partnership.Bilateral relations are developing in a fine manner, with expanding economic and trade relations and active people-to-people exchanges, said Trong.Trong said Vietnam would spare no effort to advance bilateral friendly relations.Han said in the meeting that China and Vietnam have been expanding cooperation in economic and trade, culture, science, education and other fields in recent years.The two countries have seen strengthened cooperation and coordination in international and regional issues, said Han.Han said China and Vietnam have decided to develop comprehensive strategic cooperative partnership, which injected new impetus to bilateral relations.Han said this year marks the 60th anniversary of the establishment of diplomatic ties between the two countries and the Year of Friendship. China would like to take this opportunity to enrich bilateral relations and push forward the bilateral ties to a new level.

Beijing, Feb. 8 -- China's banks will outpace their peers in India and Indonesia, the best performers in Asia's banking industry over the past decade, to deliver the highest returns over the next five to 10 years, analysis firm CLSA Ltd said.The top eight performers among Asian banks over the past decade were all from India, with gains of 400 percent to 3,000 percent, CLSA said in a research report released today.Indonesian banks ranked second over a three-to-five-year period, as no data was available for 10 years, the report said.Shenzhen Development Bank Co, China's first commercial bank to launch an IPO and get listed on Shenzhen Stock Exchange (in 1987), is expected to show a more than eight-fold increase in net profit for 2009, boosted by lower provisions for bad loans and higher net interest and fee income, the Wall Street Journal saidThe two countries recorded the highest credit growth, as India's loans increased 622 percent over the past 10 years, followed by 508 percent growth in Indonesia, Daniel Tabbush and Suangsuda Sinsadok, analysts at CLSA, said in the report.That shows "positive" implications for China's banks given the nation's 326 percent increase in loan growth over that period, they wrote in their analysis."Where China stock price data is only recent, we can at least assume that the fact that those banks are returning the third-highest loan growth over the past five and 10 years can in fact mean strong total returns over the long term," the analysts wrote.China's loan growth of 79 percent was the highest over the past three years, according to the report by CLSA, which is "overweight" on the nation's bank stocks as well as those in India and Indonesia.

BEIJING, Jan. 20 (Xinhua) -- Chinese leaders and people Wednesday bade farewell to eight peacekeeping police officers who were killed in the 7.3-magnitude earthquake in Haiti last week.Top leaders Hu Jintao, Wu Bangguo, Wen Jiabao, Jia Qinglin, Li Changchun, Xi Jinping, Li Keqiang, He Guoqiang and Zhou Yongkang joined thousands of members of the public at the ceremony held at the Babaoshan Revolutionary Cemetery in western Beijing.People were standing in long lines outside the ceremony hall in the winter chill, waiting to pay tribute to the peacekeepers who were posthumously honored Tuesday by the government as "martyrs." The coffins of the eight peacekeeping police officers draped in Chinese national flags are laid at the Babaoshan Revolutionary Cemetery in Beijing, China, Jan. 20, 2010. A farewell ceremony for the eight peacekeeping police officers will be held on Wednesday morning in BeijingIn the hall, hung above the photographs of the officers was a black banner reading "Deeply mourning Chinese peacekeeping police officers who lost their lives in the Haiti earthquake."Their coffins were decorated with white chrysanthemums, a traditional Chinese funeral flower, and covered by China's red national flag, surrounded by wreaths offered by their colleagues, friends and the country's leaders.All nine leaders, in dark suits with white flowers pinned in their lapels, stood in silent tribute and bowed three times toward the coffins.Hu Jintao and other leaders shook hands with family members of the eight deceased, expressing deep sorrow and condolences.Among the eight officers, four were in a team sent by the Ministry of Public Security to Haiti's capital, Port-au-Prince, for peacekeeping consultations, and the other were officers of China's peacekeeping force in Haiti.They were talking with U.N. staff in the headquarters of the UN Stabilization Mission in Port-au-Prince when the quake occured at about 4:50 p.m. on Jan. 12 local time.Their bodies arrived back in Beijing on Tuesday.At www.sina.com.cn, a leading Chinese Internet portal, more than 1.2 million people have offered virtual wreaths in an on-line tribute."May the heroes on peace. We will remember in our hearts what you have done. You are forever alive in our hearts," said "Tingtingjiuhao" in a post on the website

BEIJING, March 14 (Xinhua) -- Premier Wen Jiabao said Sunday that keeping the RMB exchange rate basically stable had played an important role in facilitating the recovery of the global economy from the worst financial crisis in decades.When the global economy was worst hit between July 2008 and February 2009, the real effective exchange rate of the RMB has risen by 14.5 percent, Wen told a press conference after the annual parliament session.  Chinese Premier Wen Jiabao smiles during a press conference after the closing meeting of the Third Session of the 11th National People's Congress (NPC) at the Great Hall of the People in Beijing, capital of China, March 14, 2010.