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BEIJING, May 7 (Xinhua) -- Chinese Premier Wen Jiabao met with Kim Jong Il, general secretary of the Workers' Party of Korea and chairman of the National Defense Commission of the Democratic People' s Republic of Korea (DPRK) during Kim' s unofficial visit to China.Wen said he received warm welcome from the DPRK party, government and people during his visit to the DPRK last October, and the joint celebration of the 60th anniversary of the establishment of China-DPRK diplomatic ties left him good impression.Currently, China and the DPRK are witnessing active exchanges and cooperation in various fields and Kim' s visit will definitely help further deepen traditional friendship between the two parties, countries and peoples, Wen said.Wen said China will, as always, support the DPRK for developing economy and improving people' s livelihood and is willing to introduce to the DPRK the experience of China' s reform and opening-up and construction.China and the DPRK enjoy big potential for developing economic and trade cooperation, said Wen, urging the two sides to make joint efforts to advance major cooperative projects, quicken the infrastructure construction in border areas and explore new cooperative fields and methods so as to benefit the two peoples, said Wen.Recalling Premier Wen' s successful visit to the DPRK last year, Kim said the DPRK-China cooperation in such areas as trade, agriculture, science and technology is of great significance for promoting bilateral traditional relationship.The DPRK will work with China to enhance communication and coordination to make pragmatic cooperation in various fields between the two countries to score more significant achievements.At the invitation of Hu Jintao, general secretary of the Communist party of China (CPC) Central Committee and Chinese president, Kim paid an unofficial visit to China from May 3 to 7.
BEIJING, April 5 --The People's Bank of China says the country will be more open to foreign capital this year even though the prospect of a strong economic recovery is still unclear.Although the impending withdrawals of various countries' economic stimulus packages may also complicate the efforts to end the global economic crisis, the Chinese government has decided to increase the penetration of foreign capital into the country's financial industry in an appropriate way.An editorial in the "Global Times" quotes some western officials who said if China opened its market to western financial institutions the way it opened its market to five-star hotels, the potential risks would be huge for the country itself and the world at large.The editorial warns the doors to free trade should not swing open too quickly and that market openness should be managed at the right pace, as China has done during the past three decades. But it also notes that the stakes are higher in the country's financial industry. It argues that if China is fully open to foreign capital, the capital operation pattern common in developed economies such as the United States and several European nations will not suit its existing financial system on such short notice. As a result, chaos would erupt sooner or later in the financial sector.The editorial concludes that China should gradually liberalize its financial industry, because a sudden torrent of foreign capital would be undesirable. It calls for a prudent approach to financial liberalization that would yield a productive outcome as evidenced over the past three decades of gradual financial reform whereby more market competition has been encouraged and distressed loans have been effectively curbed. Such a policy has shielded China from being hit as severely by the current financial crisis and enabled it to rebound quicker than other advanced nations.

PHNOM PENH, March 26 (Xinhua) -- China and Cambodia on Friday agreed to further strengthen comprehensive partnership of cooperation as well as party exchanges.This was reached when Say Chhum, member of the Permanent Committee of the Central Committee of Cambodian People's Party ( CPP) and Nhiek Bun Chhay, secretary general of FUNCINPEC party held separate meetings with Zhao Leji, secretary of Communist Party of China (CPC) Shaanxi Provincial Committee. Nhiek Bun Chhay (3rd R), secretary general of FUNCINPEC party, meets with Zhao Leji (3rd L), secretary of Communist Party of China (CPC) Shaanxi Provincial Committee, in Phnom Penh, Cambodia, on March 26, 2010. China and Cambodia on Friday agreed to further strengthen comprehensive partnership of cooperation as well as party exchangesDuring the meetings, they briefed each other on economic and social development, and had an in-depth exchange on further strengthening the cooperation between the two countries on various fields.Say Chhum and Nhiek Bun Chhay, on behalf of their political parties, thanked Chinese government's long-term assistance and supports to Cambodia's social and economic development, and spoke highly of the achievements made by Chinese government.
TASHKENT, April 24 (Xinhua) -- Uzbek President Islam Karimov and visiting Chinese State Councilor Meng Jianzhu both have pledged to deepen the mutually beneficial cooperation between their countries. Uzbekistan wishes to further deepen its mutuallu beneficial cooperation with China on politics, economy, trade and security, which will benefit the two countries and the two peoples, Karimov said Friday during a meeting with Meng.China-Uzbekistan relations developed smoothly in 2009, said Meng, who also attended the fifth session of the Shanghai Cooperation Organization (SCO) Security Council Secretaries in Tashkent.Leaders of the two countries have kept close contacts, which is a strong driving force for the development of bilateral ties, Meng said.The two countries have expanded their pragmatic cooperation in various fields and conducted effective cooperation on international and regional issues, he said.China values its traditional friendship with Uzbekistan and wishes to promote the friendly and cooperative partnership between the two countries. The partnership complies with the fundamental interests of the two countries and it is conducive to maintaining regional peace and stability, Meng said.During his visit, Meng also held talks with Uzbek Interior Minister Bahodir Matlubov and Chief of Security Rustam Inayatov.The two sides held an extensive and in-depth exchange of views on exchanges of law enforcement agencies and the promotion of law enforcement cooperation between the two countries.
URUMQI, May 21 (Xinhua) -- China's support package for the far-west Xinjiang Uygur Autonomous Region unveiled Thursday has become a hot topic for residents of the region who hailed the strategic plans that help bring prosperity to their hometown.Chinese President Hu Jintao said during a central work conference held in Beijing from Monday to Wednesday the region should undergo a spurt in development so that by 2015 its per capita gross domestic product reaches the national average.Incomes and access to basic public services should reach the average level of the country's western regions, he said."I have noticed that 'People's livelihood' is mentioned several times in the package. The improvement of people's living standards can help ease social conflict and therefore ensure a more stable development environment," said Amiti Wushouer, an employee of the region's transport department.A cab driver surnamed Zhang in the regional capital of Urumqi told Xinhua he was particularly interested in the part about the government relaxing policies about using natural gas in Xinjiang."This means the tensions concerning natural gas here will ease, and that's what we Xinjiang people have always wanted," said Zhang, who followed the news about the support plan on the radio.Zhang Man, an experienced stock investor in Urumqi, was thrilled to see the shares of companies based in Xinjiang surge across the board Friday.To boost development in the region, the government will cut taxes for some enterprises in the region, according to the package."The tax cuts are good news for listed Xinjiang companies and companies who have branches here, which will eventually benefit infrastructure construction and industries in the region," said Zhang Man.According to the package, Xinjiang will be the first Chinese region to reform resource taxes.The resource tax for oil and gas produced in Xinjiang will be levied based on price instead of quantity, effectively raising the revenue for the regional government."The resource tax reform will also help save energy and cut emissions," said Zhang Man."We must engage in vigorous economic development, accelerate the pace of development," said Chinese Premier Wen Jiabao, who also attended the meeting.Wen said the fixed asset investment goal for Xinjiang in the government's next five-year plan starting in 2011 will be more than double the amount in the current plan that ends this year.Banks will be encouraged to expand services in the region, he added."We feel this is a new starting point for Xinjiang, and we have to try our best to make the most of this great opportunity," said Hadeerbieke, deputy secretary-general of Altay Prefectural Party Committee in northern Xinjiang.
来源:资阳报