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VIENTIANE, March 28 (Xinhua) -- The trade and economic cooperation between China and Laos has made outstanding progress in recent years and it is endowed with promising future, Lao Prime Minister Bouasone Bouphavanh told Xinhua here about the prospect of Sino-Lao relations. "The Sino-Lao cooperation will be more efficient and pragmatic under the Greater Mekong Subregion (GMS) economic cooperation mechanism," said Bouasone. Lao Prime Minister Bouasone Bouphavanh speaks during an exclusive interview with Xinhua prior to the upcoming Third GMS Summit on Friday, March 28, 2008.In an exclusive interview with Xinhua prior to the upcoming Third GMS Summit, where leaders of the six GMS countries -- Cambodia, China, Laos, Myanmar, Thailand, and Vietnam, will be meeting in Vientiane, Laos on 30-31 March 2008 to discuss the progress and chart future directions in GMS cooperation, Bouasone highly valued the compressive development of the bilateral relations between the two GMS member countries. China and Laos have traditional friendship and enjoy healthy and steady development under the principles of long-term stability, good neighborliness, mutual trust and comprehensive cooperation, Bouasone said. There have been frequent exchanges of high-profile visits especially since the entering of the 21st century. The two countries leaders sincerely exchanged views on lots of bilateral, regional and international issues and reached a wide range of consensus with the signing of a series of friendly cooperation agreements, he added. In 2007, the volume of bilateral trade between Laos and C
China's natural gas output would at least double the present volume in the coming decade to reach 150 billion to 200 billion cubic meters, PetroChina Vice President Jia Chengzao said on Tuesday. PetroChina, the country's leading natural gas producer, alone has reported an annual output rise of 10 billion cubic meters for two consecutive years, he said. "We will strive to keep the same growth rate this year," said Jia, a member of the 11th National Committee of the Chinese People's Political Consultative Conference, who is attending the annual political advisory session. His company produces about 75 percent of China's total natural gas output. Recent discoveries of new gas fields, including Jidong Nanpu Oil Field in north China's Bohai Bay, which contains 1.18 billion tons of oil and gas reserves, would boost China's natural gas sector and optimize its energy structure, said Jia. "China National Petroleum Corporation (CNPC) will probably announce the proven reserves of the Longgang gasfield in the southwestern Sichuan Province around the end of this year," he said. Industry insiders believe the Longgang gasfield contains at least 700 billion cubic meters of estimated reserves. China's natural gas output reached 69.31 billion cubic meters last year, up 23.1 percent year-on-year, according to China Petroleum and Chemical Industry Association. Listed in Hong Kong and New York, PetroChina Company Limited is the listing arm of China National Petroleum Corporation (CNPC), the largest oil producer of China.

President Hu Jintao will "elaborate on China's position and propositions on climate change" at the upcoming summit of industrialized nations which features a session on global warming. Assistant Foreign Minister Cui Tiankai told a news briefing yesterday: "China's population is one-fifth of the global population, which means one out of five of the world's people affected by climate change will be in China. "That is why the Chinese government takes this issue very seriously... We need to base our development on energy that is secure and sustainable." Hu will attend an expanded summit of the Group of Eight (G8) in Germany from tomorrow to Friday. The meeting at the Baltic Sea resort of Heiligendamm will bring together leaders of the United States, Britain, Canada, Germany, France, Italy, Russia, and Japan. German Chancellor Angela Merkel is pushing for countries to commit to concrete reductions in the emissions of greenhouse gases believed to cause global warming, and for a 2 C limit on further increases in average temperature. Efforts to stop uranium enrichment by Iran, aid to Africa, currency exchange rates and global growth are also on the agenda. Apart from China, the other developing countries attending the dialogue are India, Brazil, South Africa and Mexico. It will be the fourth time Hu is attending the G8 outreach session since 2003. The earlier three were in France, Britain and Russia. Coinciding with Hu's visit, the Chinese government yesterday released its position paper for the G8 meetings, outlining Beijing's policy on climate change, energy, IPR protection, investment liberalization and African development. Cui reiterated China's long-time and traditional friendship with African countries. "China and African countries have had a very friendly, brotherly partnership since the establishment of New China, since the 1950s, and that has continued up to now," he said. "It can be said that this has been widely praised around the globe," he added. "In this world, there will always be people willing to criticise others. If they want to say something, then that's their business. Whether or not it's true, is another matter." He said China also wants the United Nations to be more involved in preventing conflict. "China maintains that the United Nations has a bigger role to play in conflict prevention and settlement and post-conflict reconstruction in Africa," the paper said. UN Secretary-General Ban Ki-moon on Friday praised China's "helpful" role in Sudan. "The Chinese government has been exerting its utmost efforts (on Darfur), as I understand, and appreciate," he said. After Germany, Hu begins a three-day state visit to Sweden, the first by a Chinese head of state in 57 years since the two countries established diplomatic ties. Agencies contributed to the story
GENEVA -- China on Tuesday got its first judge on the World Trade Organization (WTO)'s highest court, six years after the country joined the Geneva-based body.Zhang YuejiaoChinese lawyer Zhang Yuejiao was formally appointed by the WTO Dispute Settlement Body (DSB) as a member of the seven-person Appellate Body, which issues final rulings in trade disputes, WTO sources said.Jennifer Hillman of the United States, Lilia Bautista of the Philippines and Shotaro Oshima of Japan were also appointed as new members of the top court at a DSB meeting on Tuesday.The appointments were made according to the Dispute Settlement Understanding which stipulates that the Appellate Body shall " comprise persons of recognized authority, with demonstrated expertise in law, international trade and the subject matter of the WTO agreements generally," a WTO statement said.The WTO said Hillman and Bautista would formally join the top court next month, while Zhang and Oshima would join in June. They can serve up to two four-year terms.Zhang, 63, is professor of law at Shantou University in China. She is also an arbitrator on China's International Trade and Economic Arbitration Commission and practises law as a private attorney.Zhang once held positions at the Chinese Ministry of Commerce as well as at the Asian Development Bank.
BEIJING, March 11 (Xinhua) -- China has published a draft management regulation on lotteries and is asking for the public's opinions. If officially issued, it would be the country's first national management regulation on lotteries since the country gave the green light to its lottery industry in 1987. The solicitation of public opinion will last through March 28, and the regulation will be issued later this year. There is no fixed date so far. "The regulation will enhance supervision of the fast-growing lottery industry and stamp out fraud, which has been on the rise since the country launched its first lottery two decades ago," said a report on the Legislative Affairs Office of the State Council website. Currently, China has a provisional regulation on the management of lottery distribution and sales. It was issued by the Ministry of Finance in 2002. According to the proposed draft, carried by the website, no individual, organization or government department could sell lotteries without permission from the State Council. The China Welfare Lottery Administrative Center and the sports lottery administrative center of the China General Administration of Sport, both state-run, are the only two legitimate lottery outlets. Public hearings will be held along with expert consultation before new lotteries are set up. The draft requires lottery vendors to keep the identity of lottery winners confidential. It also demands transparency of money taken in and how it is spent on a regular basis. Lottery funds should cover lottery prizes and management funding for lottery sellers. The rest, should be spent on the improvement of public welfare, according to the draft, quoting that a percentage of the revenue would be decided by State Council financial departments. Individuals or government departments violating the regulation by selling lotteries unauthorized by the State Council would be fined and face criminal charges. Their illegal gains would be confiscated, it said. Lotteries have generated huge economic and social returns in China over the past two decades. The country had issued 363 billion yuan (49 billion U.S. dollars) of lottery tickets through 2006. More than a third of the proceeds were spent on public welfare, such as the development of public sports facilities, education and health care for the handicapped.
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