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BEIJING, June 24 (Xinhua) -- China's State Council reached a decision at an executive meeting on Wednesday to promote a new type rural social pension pilot projects.     The meeting, presided over by Premier Wen Jiabao, said building a new rural social pension system was key to reducing rural poverty and narrowing the gaps between urban and rural areas. It was also key to maintaining social stability and promoting domestic consumption.     According to the meeting, the new-type rural social pension pilot programs will be carried out in 10 percent of counties this year. Rural residents above the age of 16 are all eligible to join the program.     The meeting also ordered local governments to strengthen supervision of pension funds.

BEIJING, May 6 (Xinhua) -- Chinese President Hu Jintao and his U.S. counterpart, Barack Obama, on Wednesday discussed bilateral relations and the A/H1N1 flu epidemic during a telephone conversation.     Hu recalled that during their meeting at the Group of 20 summit in London in early April, he and Obama agreed to work together to build a positive, cooperative and comprehensive relationship in the 21st century.     The two leaders also reached extensive consensus on the establishment of the mechanism of China-U.S. Strategic and Economic Dialogues, joint efforts to tackle the international financial crisis, and enhanced coordination and cooperation on major global and regional issues, Hu said.     "Now, both countries are seriously implementing the consensus," the Chinese president said.     "China is willing to work with the United States to push for a healthy and stable development of China-U.S. relations," he said.     Obama, for his part, said the meeting with Hu was important because it outlined the future development of bilateral cooperation and made a good start on the China-U.S. strategic dialogue.     The United States appreciated China's efforts to promote bilateral relations, he said.     The Chinese president expressed sincere condolences over the A/H1N1 flu epidemic that has hit parts of the United States, and said the Chinese government has started emergency measures to prevent a spread of the disease.     "We are willing to keep contact with the World Health Organization, the United States and other parties concerned, and strengthen cooperation to jointly confront this public health challenge," Hu said.     Obama said his country has adopted effective measures against the disease and will continue to keep a close eye on the outbreak.     The U.S. president said he was looking forward to meeting with Hu again during a meeting of leaders of the Group of Eight nations and developing countries in Italy. Obama said he was also looking forward to visiting China.     The two leaders also exchanged views on such issues as the situation on the Korean Peninsula and the situation in South Asia.

BEIJING, June 2 (Xinhua) -- The China Investment Corporation (CIC), the country's sovereign wealth fund, announced Tuesday that it decided to buy 1.2 billion U.S. dollar common stocks in Morgan Stanley's 2.2-billion-U.S.-dollar common stock offering.     Morgan Stanley announced Tuesday it had priced a public offering of common equity of 2.2 billion U.S. dollars. The proceeds are intended to fully redeem the preferred capital of the Troubled Asset Relief Program (TARP) before the end of June.     The TARP is a program of the United States government to purchase assets and equity from financial institutions in order to strengthen its financial sector. It is the largest component of the U.S. government's measures in 2008 to address the subprime mortgage crisis.     Morgan Stanley notified the CIC of the offering in light of its healthy business relationship with CIC and the preemptive rights CIC holds. CIC plans to participate in this offering, according toa notice on its Web site.     CIC was optimistic in Morgan Stanley's future development as "Morgan Stanley is widely expected to be able to leverage on its strengthened financial position and will be on the road of resuming its successful trajectory amid the dramatic restructuring of the international financial services industry".     On December 19, 2007, CIC purchased 5.6 billion U.S. dollars mandatory convertible securities into Morgan Stanley common stock, representing approximately 9.86 percent equity ownership in Morgan Stanley.     However, after Mitsubishi UFJ Financial Group, Inc.'s investment in Morgan Stanley in October 2008, CIC's equity ownership was diluted to approximately 7.68 percent.     This new purchase would bring CIC's equity ownership in Morgan Stanley back to approximately 9.86 percent, effectively reducing CIC's overall cost basis and increasing the returns potential, said CIC.     According to a statement posted on Morgan Stanley Web site Tuesday, it has priced a public offering of approximately 80.2 million shares of common stock to the public at 27.44 dollars per share.     CIC has agreed to purchase 44.7 million shares of common stock at the public offering price while the Mitsubishi UFJ Financial Group, Inc. has agreed to buy 16 million shares, the Morgan Stanley statement said.

BEIJING, June 3 (Xinhua) -- Chinese Premier Wen Jiabao on Wednesday raised a four-point proposal to boost collaboration with Malaysia so as to jointly tackle the global financial crisis.     China and Malaysia should insist on the Five Principles of Peaceful Co-existence, take each other's concern into consideration and achieve common development, Wen said to visiting Malaysian Prime Minister Najib Tun Razak during their meeting at the Great Hall of the People.     Wen raised a four-point proposal for further cooperation between the two countries, which included promoting trade diversification, enhancing mutual investment, deepening financial cooperation and safeguarding financial stability, and strengthening coordination on regional affairs. Visiting Malaysian Prime Minister Najib Tun Razak (front, L) receives a special gift, a photo of his late father and China's late Premier Zhou Enlai when the two established diplomatic ties between China and Malaysia in 1974, from Chinese Premier Wen Jiabao (front, R), in Beijing, capital of China, June 3, 2009.     Malaysia has become China's largest trade partner among members of the Association of Southeast Asian Nations (ASEAN). Trade between the two countries reached 39.06 billion U.S. dollars in 2008, up 10.3 percent year on year.     This year marks the 35th anniversary of the establishment of diplomatic relations between China and Malaysia. Wen said that China is ready to work with Malaysia to take this opportunity to promote their relations.     Malaysia was the first ASEAN member country to forge diplomatic relations with China 35 years ago under then Prime Minister Tun Abdul Razak, Najib's late father.     Najib said it is his honor of choose China as the first non-ASEAN destination since he took office in April. "This shows that Malaysia attaches great importance to the development of Malaysia-China relations."     Najib noted that his visit is aimed at further accelerating the development of the bilateral ties and strengthening cooperation.     Najib said he agree with Wen's proposal on advancing Malaysia-China relations, saying Malaysia, on the basis of reciprocity and mutual benefit, is ready to enhance cooperation with China in the fields of economy, finance, resources, energy and infrastructure construction.     After the meeting, the two leaders witnessed the signing of bilateral agreements on cooperation.     Najib received a special gift from the Chinese side: a photo of his late father and Chinese Premier Zhou Enlai when the two established diplomatic ties between China and Malaysia in 1974.     Najib received an honorary doctorate in international relations from the Beijing Foreign Studies University at the opening ceremony of an international seminar on the dialogue between Chinese and Malaysian civilizations here Wednesday.

ULAN BATOR, June 26 (Xinhua) -- A senior leader of the Communist Party of China (CPC) says China-Mongolia ties have reached an all-time high with no unsettled major issues remaining.     "My visit here aims at laying a solid foundation for the sustained growth of China-Mongolia relations by reviewing the past, summing up experience and looking into the future," He Guoqiang, a member of the Standing Committee of the Political Bureau of the CPC Central Committee, told Mongolian Prime Minister Sanj Bayar on Thursday. Mongolian Prime Minister Sanj Bayar (R) meets with He Guoqiang, member of the Standing Committee of the Political Bureau of the Central Committee of the Communist Party of China (CPC) and secretary of the CPC Central Commission for Discipline Inspection, in Ulan Bator, capital of Mongolia, June 25, 2009China and Mongolia have enjoyed numerous exchanges and cooperation in various fields in recent years with the support of leaders from both nations, He said.     He's three-day visit came as China and Mongolia this year celebrate the 60th anniversary of diplomatic relations.     "The six-decade relations showed that both countries' efforts to enhance political trust, deepen good-neighborliness and carry out mutually-beneficial cooperation not only serve the common interests of both peoples, but also contribute to regional and world peace and development," said He, who is also secretary of the CPC's Central Commission for Discipline Inspection.     Bayar and He also witnessed the signing of cooperation deals on education, economy and trade. Damdin Demberel (L), chairman of the State Great Hural (Parliament) of Mongolia, meets with He Guoqiang, member of the Standing Committee of the Political Bureau of the Central Committee of the Communist Party of China (CPC) and secretary of the CPC Central Commission for Discipline Inspection, in Ulan Bator, capital of Mongolia, June 25, 2009. Also on Thursday, He met with Damdin Demberel, chairman of the Mongolian State Great Hural (parliament), and said inter-legislature ties have played an "irreplaceable" role in strengthening bilateral good-neighborly relations, boosting cooperation between the two countries and deepening friendship between the two peoples.     Demberel said the Mongolian State Great Hural will strengthen its ties with China's National People's Congress (NPC) and play a positive role in promoting bilateral relations.     He also launched an event during which Chinese doctors performed cataract surgeries for nearly 50 Mongolian patients.     On Friday, He met separately with the leaders of three major Mongolian parties. He told the leaders that the CPC has always valued ties with Mongolia's political parties and is willing to work with them on the sound development of bilateral relations.     Mongolia was the last leg of He's four-nation visit, which also took him to Egypt, Spain and Jordan.