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COPENHAGEN, Sept. 29 (Xinhua) -- The Chinese Embassy in Denmark held a grand reception Wednesday to celebrate the 61st anniversary of the founding of the People's Republic of China.Around 200 guests from Danish government agencies, business communities and other circles as well as diplomatic corps were present on the festive occasion.Chinese Ambassador to Denmark Xie Hangsheng had pleasant talks with the guests, during which he said that since the establishment of diplomatic ties between China and Denmark, the mutual understanding and friendship between the two countries have been further deepened.He said China highly values its relationship with Denmark and hopes the two sides can enhance mutually beneficial cooperation at various levels to press ahead with the bilateral relationship.The ambassador said China is committed to follow the road of peaceful development and is ready to join hands with the international community to cope with global challenges and promote world peace, development and prosperity.The guests expressed high appreciation to China's development and roles in the international arena, and watched a photo exhibit and a documentary film on the Shanghai Expo during the reception.
NEW YORK, Oct. 28 (Xinhua) -- For Lin Xuewen, secretary-general of United Chinese Associations of Eastern U.S., "incredible" is the best word to describe his experiences at the Shanghai World Expo."It was incredible to see the video played in the multimedia exhibition of the China Pavilion about China's vast migration from rural to urban areas over the past 30 years. I felt so overwhelmed by the incredible changes as if I was riding a time machine. Truly amazing," recalled Lin.Lin has been living in New York for more than three decades. He went to China to attend the Shanghai Expo in May. He said the rapid urban development in Shanghai was "incredible.""Look at the skyscrapers along the streets and skyline at night. It is even better than the New York City night view," he said.The biennial Expo opened on May 1 in Shanghai for a six-month run under the theme of "Better City, Better Life," with some 190 countries and 50 international organizations participating.The number of visitors to the Shanghai World Expo has exceeded 70 million, breaking the previous record set during the 1970 Osaka World Expo in Japan, which attracted 64 million people.The China Pavilion, named "The Crown of the East," has become increasingly popular since the opening of the World Expo, with a daily average of 50,000 visitors.

BEIJING, Oct. 11 (Xinhua) -- China on Monday vowed to continue its financial support to reconstruction projects in areas ravaged by the major Wenchuan earthquake in 2008, promising lower rates on loans and demanding an easier deposit reserve requirement ratio from banks in the regions.The new pledge came in a joint statement on the website of the People's Bank of China, or the central bank, which announced the continued financial support along with the China Banking Regulatory Commission, the China Securities Regulatory Commission and the China Insurance Regulatory Commission.Banks in the quake-hit areas should continue to provide financial support and services to reconstruction projects in the regions, as post-earthquake reconstruction is still in a critical period, the statement said.The magnitude-8.0 quake, with its epicenter in Wenchuan in southwest China's Sichuan Province, left more than 87,000 people dead or missing and more than 374,640 injured. Millions of houses were also flattened during the major quake."We should keep the continuity and stability of our financial support to the regions and make our financial services better targeted and more effective," it said.According to the statement, local banks in the quake-hit areas will continue to enjoy a lower deposit reserve requirement ratio, compared with elsewhere, until June 30, 2011, and such banks will also be exempt from any hike of the reserve requirement ratio during this period.The statement ordered local bank branches in the quake-hit areas to provide prioritized financial services to projects in fields of infrastructure facilities, agriculture, medium and small enterprises, as well as ecological and environmental protection in the region.China's central bank and banking, securities and insurance regulators encourage eligible companies in the quake-hit regions to widen their finance channels through inter-bank short-term bond issuances, bills and other financial instruments, according to the statement.Also, local banks' preferential policies on loans to home reconstruction would remain unchanged in the quake-hit regions, it said.However, loans to projects with high consumption of energy and heavy pollution must be strictly controlled in a bid to facilitate energy-savings and reduce carbon dioxide emissions in the region, according to the statement.Chinese lenders had extended 172.4 billion yuan (25.35 billion U.S. dollars) loans for relief and reconstruction in regions devastated in the earthquake by the end of the first quarter, according to the central bank's figures released in May this year.Outstanding loans at banks in quake-hit provinces, including Sichuan, Shaanxi and Gansu, surged 34 percent year on year to 2.29 trillion yuan at the end of March.
BEIJING, Oct. 28 (Xinhua) -- The Chinese government on Thursday issued the full text of Premier Wen Jiabao's explanation on a proposal that will play a crucial role in shaping the country's development over the next five years.The Communist Party of China (CPC) Central Committee's Proposal on Formulating the Twelfth Five-year Program (2011-2015) on National Economic and Social Development was adopted at the Fifth Plenum of the 17th CPC Central Committee that ended Oct. 18.Wen's explanation focused on five parts, including China's social and economic development over the past five years, the guiding principle and goals for development in next five years, major tasks in economic development, major tasks in improving social undertakings and people's livelihoods, and major tasks in deepening reform and opening-up.Wen made the explanation on Oct. 15 when the CPC Central Committee session began.The proposal stipulated scientific development as the theme of the 12th Five-year Program, said Wen, noting this is also the first time for a five-year program to include scientific development as its theme.The Scientific Outlook on Development shall be implemented in all sectors of reform and opening-up and the modernization drive, he said.According to Wen, the State Council will make the draft of the 12th Five-year Program based on the proposal. The draft will be submitted to the National People's Congress session next March for deliberation and approval.
BEIJING, Oct. 13 (Xinhua) -- Jiang Shusheng, vice-chairman of the Standing Committee of the National People's Congress (NPC) of China, met here Wednesday with a delegation from All Party Parliamentary China Group of the United Kingdom.The delegation, led by Chair Mark Hendrick, was invited by a China-UK friendship group of the NPC.
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