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BEIJING, Oct. 4 (Xinhua) -- The ongoing global financial turbulence will have a limited impact on China's banks and financial system in the short run, according to officials and experts.     "We feel China's financial system and its banks are, to the chaos developed in the U.S. and other parts of the world, relatively shielded from those problems," said senior economist Louis Kuijs at the World Bank Beijing Office.     He told Xinhua one reason was that Chinese banks were less involved in the highly sophisticated financial transactions and products.     "They were lucky not to be so-called developed, because this (financial crisis) is very much a developed market crisis." Farmers harvest rice in 850 farm in Northeast China's Heilongjiang Province on Sept. 26, 2008.    A few Chinese lenders were subject to losses from investing in foreign assets involved in the Wall Street crisis, but the scope and scale were small and the banks had been prepared for possible risks, Liu Fushou, deputy director of the Banking Supervision Department I of the China Banking Regulatory Commission, told China Central Television (CCTV).     Chinese banks had only invested 3.7 percent of their total wealth in overseas assets that were prone to international tumult, CCTV reported. The ratio of provisions to possible losses had exceeded 110 percent at large, state owned listed lenders, 120 percent at joint stock commercial banks and 200 percent at foreign banks.     Kuijs noted most of the banks resided in China where capital control made it more difficult to move money in and out. Besides, the country's large foreign reserves prevented the financial system from a lack of liquidity, which was troubling the strained international markets.     "At times like this, one cannot rule out anything," he said. "But still we believe the economic development and economic fundamentals in China are such that it's not easy to foresee a significant direct impact on the financial system."     However, he expected an impact on China's banks coming via the country's real economy, as exports, investment and plans of companies would be affected by the troubled world economy and in turn increase pressure on bad loans.     Wang Xiaoguang, a Beijing-based macro-economist, said the growing risks on global markets would render a negative effect on China in the short term but provided an opportunity for the country to fuel its growth more on domestic demand than on external needs.     He urged while China, the world's fastest expanding economy, should be more cautious of fully opening up its capital account, the government should continue its market reforms on the domestic financial industry without being intimidated.     Chinese banks had strengthened the management of their investments in overseas liquid assets and taken a more prudent strategy in foreign currency-denominated investment products since the U.S.-born financial crisis broke out, CCTV reported.

YINCHUAN, Aug. 17 (Xinhua) -- Premier Wen Jiabao encouraged local workers and farmers to work harder to boost industrial and agricultural development of the landlocked Ningxia Hui Autonomous Region in northwest China.     During a recent inspection tour to this largest Muslim region of the country, the premier visited major industrial projects and enterprises, commodity grain, vegetable production and other farming bases. Wen Jiabao (C) talks with Muslim children in the house of Huang Shengxiu, a villager of Wanya village, Xiji county, northwest China's Ningxia Hui Autonomous Region, Aug. 16, 2008Wen told workers during his visit to a methanol and alkene production project Friday to work hard to build up an industrial base that meets the standards of scientific development.     He urged workers to promote renovation and strengthen management to achieve the goal of top quality and technological standard based on resources conservation.     During his visit to a grain production base in northern Ningxia, Wen praised a cooperation mechanism among local farmers that helped them to increase grain output and their income. Wen Jiabao (front 3rd L) applauses as he talks with representatives from religious circles and local muslims at the Najiahu Mosque in Yinchuan, capital of northwest China's Ningxia Hui Autonomous Region, Aug. 17, 2008. In Xihaigu, one of the most poverty-stricken regions in China, Wen urged local people to continue the forestation campaign and improve the ecological environment for sustainable development.     On Sunday, Wen visited Wanya Village, home to 70 Muslim households. He promised that the government will work along with the villagers to fight chronic drought and increase drinking water supply.     He also congratulated villagers on the village's first student to be enrolled by a university in northeast Jilin Province, expressing the hope that more youths will get the opportunity of higher education.     The premier also visited an age-old mosque in the regional capital Yinchuan on Sunday, and talked with representatives from religious circles and local people.

BUCHAREST, May 6 (Xinhua) -- China's top political advisor Jia Qinglin said here Monday that China and Romania share the same task of opening up a new era in their all-round partnership of friendship and cooperation.     Jia, chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), China's top political consultative body, delivered a speech at a session of the Romanian Senate on Monday evening.     In his speech, Jia explained China's policy and concept of peaceful development and mutually beneficial, win-win cooperation with other countries. He emphasized the willingness to further deepen friendship between China and Romania and advance China's relations with Central and Eastern Europe in an all-round way. Jia Qinglin, chairman of the National Committee of the Chinese People's Political Consultative Conference, delivers a speech at the Romanian Senate in Bucharest, Romania, May 5, 2008.     Jia was warmly welcomed by Romanian Senators as he entered the meeting hall at the Parliament Palace under the escort of President Nicolae Vacaroiu.     China and Romania enjoy a long-standing friendship. Romania is one of the first countries that recognized new China shortly after its founding. Since the two countries established diplomatic relations nearly 60 years ago, bilateral relations have been growing smoothly despite major changes in international situation and conditions in both countries. The two countries have been always supporting each other on international affairs and domestic development.     Over the past few years, China and Romania have maintained frequent exchange of visits by high-ranking officials. Chinese President Hu Jintao visited Romania in 2004, when the two countries lift their relations to an all-round partnership of friendship and cooperation.     "The true friendship and deep passion that the Romanian people cherish toward the Chinese people will always remain on the historical record of bilateral relations," Jia said in the speech.     In the speech entitled "continuing the past, opening up the future and jointly creating a better tomorrow of friendship and cooperation", Jia said the two peoples have become friends of all weathers and that China-Romania relations have become an example of international relations.     Jia put forward four proposals on further advancing bilateral links.     First, the two countries should enhance political trust. They should continue to respect and treat each other as equals, never interfere in each other's internal affairs and pay attention to each other's concern. They should maintain high-level contact and carry out even closer exchanges and cooperation between their governments, legislatures and political parties so as to lay a solid political foundation for sustained development of bilateral links.     Secondly, the two countries should expand trade and economic cooperation. They should expand trade and investment according to the principle of mutual complementarity, equality and mutual benefits. They should continue to give a full play to the role of their joint economic commission, encourage and support their companies to increase contact and explore new ways and methods of cooperation.     Thirdly, the two countries should deepen cultural and humanitarian exchanges. They should continue exchanges and cooperation in such fields as culture, science, technology, education, sports, public health and tourism so as to add new content to bilateral links. They should further expand people-to-people exchanges, exchanges among local authorities and young people so as to consolidate the foundation of China-Romania friendship and add vigor to the development of bilateral links.     Fourthly, the two countries should step up coordination and cooperation on international issues. They should join effort to build a fair, unbiased and rule-based multi-lateral system with the United Nations assuming the core role.     Jia said China-Romania friendship is deep-rooted and fruitful and will enjoy an even better future. He called for the people of the two countries to join hands in strengthening their traditional friendship and all-round cooperation.     Jia arrived in Bucharest Sunday for a four-day official goodwill visit to Romania. Romania is the first leg of his four-nation Europe tour, which will also take him to Hungary, Slovenia and Croatia.

BEIJING, Sept. 8 (Xinhua) -- A reception was given here Monday to mark the 60th anniversary of the founding of the Democratic People's Republic of Korea (DPRK). Chinese top political advisor Jia Qinglin attended the event.     Jia, chairman of the National Committee of the Chinese People's Political Consultative Conference, congratulated the DPRK on the anniversary, hailing the DPRK's economic and social achievements over the past six decades.     "We are wholeheartedly glad to see it, and hope to see the DPRK and its people score bigger achievements in their future national construction," Jia said at the opening of the reception. Jia Qinglin (L), chairman of the National Committee of the Chinese People's Political Consultative Conference, toasts with Choe Jin Su, ambassador of the Democratic People's Republic of Korea (DPRK) to China, during a reception at the DPRK Embassy in Beijing, capital of China, Sept. 8, 2008. DPRK Ambassador to China Choe Jin Su held the reception on Sept. 8 to celebrate the 60th anniversary of the founding of the Democratic People's Republic of KoreaThe senior Chinese leader also highlighted the traditional friendship between China and the DPRK, vowing that China will continue to make joint efforts with the DPRK to push forward the bilateral relations to a new level.     Choe Jin Su, DPRK ambassador to China, said that the DPRK highly values its ties with China and will join with China to further promote relations, especially at the 60th anniversary of the establishment of the bilateral diplomatic relationship next year.     He also expressed his congratulations on the success of the Beijing Olympic Games.

BEIJING, Sept. 9 (Xinhua) -- "Teaching is the most splendid profession under the sun," said Premier Wen Jiabao on Tuesday, while meeting with elementary and high school teachers at his office in central Beijing, to mark Teachers' Day, which falls on Sept. 10 every year.     Prior to their meeting, Wen showed his visitors around at the former office room of late Premier Zhou Enlai, in the Zhongnanhai compound, where both the Communist Party of China (CPC) Central Committee and the State Council are headquartered. Chinese Premier Wen Jiabao (Front) shows teachers around the Zhongnanhai compound, where both the Central Committee of the Communist Party of China and China's State Council (Cabinet) are headquartered, in central Beijing, China, Sept. 9, 2008. Wen Jiabao on Tuesday invited eight elementary and high school teachers to his office to jointly celebrate the Teachers' Day, which falls on Sept. 10As a beloved State and Party leader for the Chinese people, Zhou has been a banner for all with his lofty character and style, said the premier, who is also a member of the Standing Committee of the CPC Central Committee Political Bureau.     During their talks, the premier asked the guests to give their comments on the proposed long-term outline on the country's educational reform and development.     Tan Guoqiang, principal of the Yingxiu Elementary School in Wenchuan County of Sichuan Province, urged the government to deal with the issues of payment, academic titles and housing for rural teachers.     Wen told Tan that the government will give top priority to rural education and improve the teaching conditions in the countryside by "building schools in the safest places." Chinese Premier Wen Jiabao (C Front) and State Councilor Liu Yandong (1st R Front) pose for a group photo with teachers in the Zhongnanhai compound, where both the Central Committee of the Communist Party of China and China's State Council (Cabinet) are headquartered, in central Beijing, China, Sept. 9, 2008Wenchuan was the epicenter of the deadly May 12 earthquake, which left more than 80,000 dead or missing and millions of homeless, including thousands of young students who died in collapsed school buildings.     Tan is the only one among the eight visitors to come from outside Beijing. The other seven also gave their opinions on a series of issues including the current educational reform, and professional training, compulsory education for schoolchildren of migrant workers from rural areas.     In his speech, the premier urged entrepreneurs to contribute more to the educational sector. "For entrepreneurs, the best way to pay back society is to invest in education," he said, in reply to a proposal by Liu Pengzhi, president of a local high school, who called for multiplying the resources of investment for education. Chinese Premier Wen Jiabao (C Rear) and State Councilor Liu Yandong (2nd R Rear) meet with teachers in Beijing, China, Sept. 9, 2008Wen supported Zhong Zhu, a 33-year old teacher from the No. 35 Middle School of Beijing, in his call for establishing parental schools and increasing awareness about responsibilities, rights and psychological health among students. He urged teachers to love students, students to respect teachers, and society to give priority to education.     "Set students free, and not only allow them more hours to play, as well as give them more time to conduct sporting, thinking, practicing, and understanding society," said the premier.     In his keynote address, Wen called education a "foundation stone" for the nation. China will be built into a first-class country with a first-class education system and first-class talents, he stressed.     Teachers should be far-sighted, patriotic and faithful to their profession, said the premier. He urged teachers to set a good example for students, be more creative so that they can train more creative talents, and make greater efforts to obtain new knowledge to keep pace with the times.     At the end of his speech, Wen showed his profound gratefulness, love and respect for teachers, especially those working in remote, rural and poverty-stricken areas.     After the talks, Wen had a brief lunch with his visitors

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