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BRUSSELS, Oct. 7 (Xinhua) -- Visiting Chinese Premier Wen Jiabao has elaborated China's positions and perspectives on various issues, including the Chinese yuan appreciation and the investment environment, at the sixth China-Europe Business Summit and other occasions.At the business summit held Wednesday, Wen said China's trade surplus was explained by the specific structures of the economies involved in international trade instead of the exchange rate of the yuan."The trade issue should not be politicized. It is an issue of the (trade) structure," the premier said.He said China was never in pursuit of trade surplus, but in pursuit of balanced and sustainable trade. Chinese Premier Wen Jiabao addresses the 6th China-European Union Business Summit in Brussels, capital of Belgium, Oct. 6, 2010.The world will by no means benefit from an appreciation of the yuan by 20 percent to 40 percent -- as the U.S. has demanded -- because it will damage the Chinese economy, and the Chinese economy contributed about 50 percent of the global economic growth last year, according to him.Wen urged the European entrepreneurs not to pressure China on the yuan's appreciation, saying China "will stick fast to the exchange rate reform. We will gradually allow more flexibility in the yuan exchane exchange rate."He assured European investors of a good investment environment in China, saying China would stick to its reform and opening up policiesHe said foreign businesses operating in China will enjoy the same national treatment as Chinese enterprises do on issues related to intellectual property, independent innovation, and government procurement.Also on Wednesday, Premier Wen attended the 13th China-EU Summit, co-chaired by him, European Council President Herman Van Rompuy and European Commission President Jose Manuel Barroso.

BEIJING, Nov. 7 (Xinhua) -- Chinese President Hu Jintao on Saturday wrapped up a fruitful visit to France, opening a new chapter in the comprehensive strategic partnership between the two countries.With Hu's three-day visit to France, which started on Thursday, the heads of state and top legislators of the two countries have visited each other's country within one year for the first time.Earlier this year, French President Nicolas Sarkozy and Bernard Accoyer, speaker of the French National Assembly, visited China. China's top legislator Wu Bangguo has also visited France recently.Such a frequent exchange of visits has been rare in the history of bilateral relations.During his stay in France, Hu met Sarkozy on at least five occasions and the two leaders held in-depth consultations on issues concerning bilateral ties and major global affairs.The frequency of their meetings in less than 48 hours reveals the high importance both sides have attached to this visit.On Thursday, China and France issued a joint statement, pledging to strengthen the comprehensive strategic partnership between the two countries.The statement stressed that China and France, both permanent members of the UN Security Council and big economies in the world arena, shoulder special responsibilities, and China-France relations should continue to play an exemplary role.The two sides should establish a new type of partnership and should also deepen their cooperation in international affairs to jointly deal with major global threats, especially the proliferation of weapons of mass destruction and their means of delivery, said the statement.They should also work together to address such hotspot issues as Iran's nuclear program, the denuclearization of the Korean Peninsula and the conflict in Afghanistan, it added.The two sides have also reached consensus on such issues as fighting protectionism, combating climate change, supporting Africa's economic growth and advancing China-EU relations.During Hu's visit, China and France signed a number of cooperation agreements, covering a wide range of areas such as nuclear energy, aviation, finance, energy efficiency, environmental protection, climate change and culture.According to French media's estimates, the total value of the trade and cooperation agreements signed between the two nations during Hu's visit could reach 20 billion euros (about 28.1 billion U.S. dollars).

TIANJIN, Oct. 7 (Xinhua) -- China's top climate change official Thursday called for compromise from all parties to seek the biggest common ground during the UN climate talks while developed and developing countries remained divided on many issues.Parties at the talks should rebuild mutual trust and improve sense of responsibility as climate change is a global issue affecting every country, Xie Zhenhua, vice minister of the National Development and Reform Commission, told the press on the sidelines of a new round of UN climate talks held in Tianjin from Oct. 4 to 9."The best result of the global climate talks may be a solution that dissatisfies every one but is accepted by all," he said. "To reach the result, every party needs compromise and work to find the biggest common ground. If one country refuses to do anything and ask others to do many, this is definitely not acceptable."When asked about one of the most controversial issue on how to manage the fast start fund, Xie said, as a developing country, China is fully qualified to receive funds and technical supports from developed countries."But, provided that the amount of current fast start fund is much less than what developing countries need, China would not compete with those who need the money most such as the least developing countries and island countries," he said.Jonathan Pershing, who leads the U.S. negotiators at the Tianjin meeting, said on Thursday that there should be a differentiation between offering finance for developing countries as some countries clearly have enormous capabilities, even though they are listed in the developing country list, while some countries, although in the developing country list, have virtually no capabilities.Countries like China can do a great deal, and have made very clear that they intend to do a great deal, he told reporters."It (China) has made commitment that was made on a series of actions on intensity, on renewable energy and on forests that are examples of what a really powerful country with enormous commitment can deliver," he said.Xie Zhenhua said China will also provide as much assistance to these countries as it is able to, through South-South cooperation."We are not only saying it but have also begun doing it. In the past few years, we have provided training programs to people from least developed countries and worked with them in programs to cope with climate changes," Xie said.However, Xie strongly argued that developed countries should actually add new money in the fast start fund as a majority of current identified fast start fund was in fact included in the existing Official Development Assistance (ODA).

BEIJING, Oct. 29 (Xinhua) -- China Merchants Bank said Friday its profit rose 57.4 percent to 20.59 billion yuan (3.07 billion U.S. dollars) in the first three quarters from one year earlier.The jump in net profit was mainly due to higher interest income, the bank said in its business report filed with the Shanghai Stock Exchange.Also, total assets of the mid-sized lender had expanded to 2.36 trillion yuan by the end of September, up 14.10 percent from the end of 2009.Additionally, the bank's non-performing loan ratio was 0.64 percent, down 0.18 percentage points from the beginning of this year.Shares of the bank were down 2.41 percent at 14.57 yuan in Shanghai and down 1.13 percent at 21.95 HK dollars in Hong Kong Friday.

BEIJING, Sept. 3 (Xinhua) -- More than 300 Chinese and Ukrainian officials, business executives and traders gathered at a trade forum Friday to seek bilateral business opportunities. "As China and Ukraine enjoy excellent prospects for economic and trade cooperation, both countries should make joint efforts to usher in a new era," Chinese Vice Premier Zhang Dejiang said at the opening of the forum.Ukrainian President Viktor Yanukovich, in Beijing on his first ever visit to China, addressed the forum, saying the new Ukrainian administration gives priority to developing ties with China. Chinese Vice Premier Zhang Dejiang (L) addresses the China-Ukraine economic and trade cooperation forum in Beijing, capital of China, Sept. 3, 2010.China-Ukraine trade topped 3.3 billion U.S. dollars in the first half of the year, up 31.3 percent year on year, according to the Chinese Ministry of Commerce.In their talks Thursday, Chinese President Hu Jintao and Yanukovich promised to increase two-way trade to 10 billion U.S. dollars by 2012.To expand bilateral business potential, Zhang proposed companies in the two countries play a bigger role while both governments increase exchange, explore ways to cooperate, take care of each other's concerns, and seek mutually beneficial outcomes.Yanukovich, the first Ukrainian President to visit China since 2002, echoed Zhang's proposal.He said his country would like to work more closely with China in trade, economics, agriculture, science, aviation, aerospace and investment.Zhang said the Chinese government welcomes Ukrainian businesses developing and marketing products tailored to the Chinese market.