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BEIJING, July 3 (Xinhua) -- Chinese Vice President Xi Jinping met Friday with Daniel Kwelagobe, chairman of Botswana Democratic Party, according to a press release from the International Department of the Communist Party of China (CPC) Central Committee.Xi hailed China-Botswana relationship, saying the two countries have witnessed fruitful cooperation in areas like trade, investment, culture and education, said the press release.Since the CPC and Botswana Democratic Party established party-to-party relations 30 years ago, the two parties have conducted various forms of exchanges, which helped to increase mutual understanding and push forward bilateral relationship.Chinese Vice President Xi Jinping (R Front) meets with Daniel Kwelagobe, chairman of Botswana Democratic Party, at the Great Hall of the People in Beijing, capital of China, July 2, 2010.The CPC would further deepen exchanges and cooperation with the ruling party of Botswana, said Xi.Xi said China would make joint efforts with the African countries including Botswana to lift China-Africa strategic partnership to a new level.Kwelagobe, on his first visit to China since taking office as the party chairman, appreciated China's support for Botswana's development, saying the Botswanian government and ruling party would continue to follow one-China policy.Kwelagobe also spoke highly of the constructive role China has played in international affairs.
PARIS, June 22 (Xinhua) -- The Paris-based Organization of Economic Cooperation and Development (OECD) on Tuesday welcomed China's announcement of increasing the exchange rate flexibility of its currency yuan.The move was helpful not only to China's sustainable growth but also the world economy, OECD Secretary-General Angel Gurria said."A combination of sustained fiscal expansion, continued structural reform and exchange rate flexibility, should provide a strong contribution from China to the achievement of a strong, sustained, and balanced growth of the world economy," Gurria said in a statement.Richard Herd, an economist heading the OECD's China and Asia Unit, said it was impossible to achieve yuan appreciation over one night."The policy is not a political gesture; the policy is a sound economics-based effort," Herd said in an interview with Xinhua, rebutting reports interpreting the statement as just lip service.China's central bank announced over the weekend it would push forward reform of the yuan exchange rate and ruled out a one-off revaluation.
CHANGCHUN, July 30 (Xinhua) -- Civilians were mobilized Friday to join exhausted soldiers and emergency workers struggling against mounting difficulties to retrieve thousands of chemical-filled barrels that were swept into a major northeast China river by flood waters two days ago.Some 3,000 full barrels and 4,000 empty ones were swept into the Wende River and on to the Songhua River after floods hit warehouses of two chemical factories in Jilin City, Jilin Province, early Wednesday.As of 6 p.m. Friday, 3,700 of the about 7,000 containers have been retrieved, according to a statement from the provincial government.Provincial authorities vowed to retrieve all the containers before they flow out of Hadashan Reservoir on the lower reaches of Songhua River in Jilin's Songyuan City.However, salvage workers fear some of the barrels, many filled with 170 kilograms of flammable liquid, may have sunk to the bottom of the Songhua River, raising serious risks of lingering water contamination.Chemical barrels were also spotted lying unattended in the debris of flood-devastated villages.At 2 p.m. Friday, the Fengman Reservoir, on a tributary of the Songhua River and 24 km southeast of Jilin City, opened floodgates to discharge flood waters.The water flow at each gate peaked at 800 cubic meters per second around 4 p.m., and at least thousands of residents had been evacuated over Thursday night and Friday morning.Workers said the move might help speed up salvage efforts by washing away floating debris, such as trash, weeds and tree branches, which had hampered the work.
BEIJING, July 19 (Xinhua) -- While China strives to create a more open and fair business environment, the country also wants business to embrace environmental-friendly policies. The move, aimed at a sustainable growth, should not be interpreted as worsening the investment conditions, analysts note."Currently, there is an allegation that China's investment environment is worsening. I think it is untrue," Premier Wen Jiabao said while talking with heads of prestigious German and Chinese firms in northwest China's Xi'an city over the weekend.Although Chinese leaders stated that China welcomes foreign investment as always, some western media have repeatedly run stories that claim China's investment environment is worsening.Statistics, however, tell a different story. Foreign direct investment (FDI) that flowed into China in June surged 39.6 percent from a year earlier, resulting in a 19.6-percent year-on-year increase during the first half of this year."Foreign investment will not pour into a country where the investment environment is worsening," Wen said.China will continue both its opening-up policy and improving its investment environment, as the government promised, but structural changes are expected because both China and the world are changing, analysts said.For the past 30 years, China has been wooing foreign investment with many preferential policies designed to attract badly-needed capital, advanced technology and management expertise.