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BEIJING, April 11 (Xinhua) -- Although China registered the first monthly trade deficit last month in six years, that would be temporary as the demand for imports is likely to ease with the expected moderation in domestic fixed asset investment, said an economist of JP Morgan Chase."With an anticipated recovery in developed economies this year, Chinese exports should improve gradually over the coming months," said Jing Ulrich, chairman of China Equities and Commodities of the U.S. bank in a research note Saturday.That will be proved by the forward looking new export orders component of China's official PMI (Purchasing Managers's Index) which increased to 53.7 in March from 50.3 in February, she said.China reported trade deficit of 7.24 billion U.S. dollars in March, the first since April 2004, as exports rose 24.3 percent year on year, while imports jumped by 66 percent."The pace of China's export recovery and dynamics of imported inflation will shape the country's approach towards currency valuation. A return to the policy of gradual RMB appreciation would allow China to mitigate imported inflation and promote domestic consumption by boosting household purchasing power in local currency terms," she said.She noted that in the longer-run, more flexibility in China's currency regime would allow the central bank to set monetary policy with greater independence from the U.S. Fed Reserves.

BEIJING, May 12 (Xinhua) -- The Chinese mainland will adopt new measures to facilitate cross-Strait travels, including opening more outlets to issue travel and entry permits to Taiwan travelers, a spokesman said here Wednesday.Travelers from Taiwan can get travel and entry permits upon arrival at three new air terminals in Tianjin, Ningbo and Jinan starting May 25, Yang Yi, the State Council's Taiwan Affairs Office spokesman said at a press conference here.The move will increase the number of such terminals in the mainland to 23.To travel to the mainland, Taiwanese need a travel pass and an exit permit issued by the Taiwan authorities. They are also required to obtain an extra mainland travel pass and entry permit.According to Yang, public security departments in southern China's Guangdong Province have also been authorized to reissue from May 25 travel passes to those who have lost their documents or whose documents have expired.Currently, only seven provincial and municipal police departments are authorized to handle this issue.The travel pass, named "Taiwan Compatriot's Pass to the Mainland," is valid for five years and is similar to the identity card Taiwanese use in the mainland."As more and more Taiwan people come to the mainland for making investments, travels, work, study, plus living, the mainland will improve its entry and exit management system based on the needs of Taiwanese people," Yang said.He also confirmed the mainland's and Taiwan's air service associations would soon hold a meeting to discuss other matters, including adding more direct cross-Strait flights.

BEIJING, May 28 (Xinhua) -- As a bilateral agreement, the Japan-U.S. Treaty of Mutual Cooperation and Security should not harm the interests of China and other third parities, said Foreign Ministry spokesman Ma Zhaoxu here Friday.Ma made the remarks in response to a question about Japan's latest claim over the Diaoyu Islands in a news report.According to the report, Japan said on Thursday the Diaoyu Islands were a part of Japan and the U.S. would be obligated according to the treaty to engage in military conflicts between China and Japan over the island should they occur.Ma said China has indisputable sovereignty over the Diaoyu Island and adjacent islets, which have been an inalienable part of China's territory since ancient times.

NEW YORK, April 26 (Xinhua) -- Jean-Claude Trichet, the president of the European Central Bank, called in New York on Monday for strengthening global governance amid the economic recovery process.The crisis showed that gaps in the system of global governance, in terms of both efficiency and legitimacy, have to be filled, Trichet said in a keynote speech at the Council on Foreign Relations in New York.Global governance in the financial sphere has fared during the crisis, he pointed out. "One dimension of international cooperation that I consider to have worked particularly well during the financial crisis has been that among central banks, both bilaterally and channeled through the various Basel-based committees.""But as much as some aspects of global governance appear to have passed the severe test of the global crisis, we should remember the significant shortcomings that may have contributed to creating the conditions for the crisis to happen in the first place," he added."One is the lack of coordination in financial regulation that was pervasive before the crisis and which encouraged financial institutions to engage in a large degree of regulatory arbitrage. This was the unavoidable result of the fact that while financial players were becoming increasingly global, and despite the remarkable efforts of the Basel Committee in respect of the banking sector, financial regulation remained largely national, with only relatively weak coordination at the international level, " said the president.

BAGHDAD, June 1 (Xinhua) -- The ongoing Shanghai Expo is a very good platform for Iraq and China to communicate with each other, some Iraqis said on Tuesday, adding the war-torn country needs China's successful experiences for rebuilding.The Iraqis made the remarks when the Iraq Pavilion opened Tuesday at the Shanghai World Expo, one month into the global event. The country is the last of the 246 participants to open its pavilion."After decades of isolation under circumstances of sanctions and wars, I believe my country is in acute need for such an event (Expo)," Adel Hameed, 35, a teacher in Baghdad western district of Mansour told Xinhua."As a developing nation, Iraq found Shanghai a great place to demonstrate the latest technologies that we need to rebuild our country," said Hameed, who disclosed that he sometimes follows the latest news about the Shanghai Expo from Internet at home.Asked what makes him so interested in following the Expo news, he smiled and said "to me Baghdad is the city with glorious past and promising future. It is the gem of the east, the capital of the great al-Rasheed caliph and the city of thousand and one nights, therefore, it is qualified to look forward for better future and Shanghai is a great place to look at and learn."He recalled the tragedy Iraq suffered in the past years, but was confident for a bright future in the city he lives in."Yes, I say we are far behind especially by the devastation of the U.S.-led invasion in 2003, and my nation has little chance to rise nowadays, but you will see days are coming and we will rise but it needs time," Hameed said.Some local people believed the Expo is an opportunity for Iraqis to know what is happening in China.Maher Abbas, a 48-year old lawyer told Xinhua that Expo is a great chance for Iraqis to know the course of development in China which has made it a successful example."I see China as a great example, they have made spectacular successes in all areas of development. As a developing country, we need China to share us its experience," Abbas said."I also believe that the Shanghai World Expo is a great platform for communication among the world nations, that could open to the world perfect windows for mutual understanding," the man said, complaining that he has few media sources to know about the event as the political and security troubles of Iraq are prevailing the local media. But the concept of such exhibition excited him.