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BEIJING, Oct. 15 (Xinhua) -- Foreign direct investment (FDI) in China in September rose 6.14 percent year on year to 8.384 billion U.S. dollars, bringing the country's FDI inflow for the first nine months back to pre-financial crisis level.The September figure brought the total amount for the first nine months of this year to 74.34 billion U.S. dollars, rising 16.6 percent year on year, spokesman with the Ministry of Commerce (MOC) Yao Jian said Friday at a press conference.The January-September FDI figure suggested China's FDI inflow had returned to pre-crisis level, Yao said.According to MOC statistics, China received 74.37 billion U.S. dollars of FDI in the first nine months of 2008.The September FDI increase quickened from the year-on-year growth of 1.38 percent in August.The stable increase in China's FDI inflow was mainly boosted by the country's strong economic momentum, said Lu Zhengwei, chief analyst at the Industrial Bank.Although China's economic growth had eased, it was still strong, Lu said.China's GDP increased 10.3 percent year on year in the second quarter of this year, decelerating from first quarter's 11.9 percent. The National Bureau of Statistics is scheduled to release economic data for the third quarter next week.China's manufacturing sector received 47.6 percent of FDI inflow in the first nine months, while services industry got 45 percent, Yao said.A total of 19,209 foreign-invested enterprises were approved for establishment during the period, up 17.5 percent from one year earlier.Yao expected China's FDI inflow to hit 420 billion U.S. dollars in the country's 11th Five-year Plan (2006-2010) period, which was 1.5 times as much as that in the 2001-2005 period. This would make China the world's second largest destination for FDI.During the first nine months, China's outbound investment, excluding the financial sector, totaled 36.27 billion U.S. dollars, up 10.4 percent, he said. Some 30.9 percent of the investment outflow was for acquisitions of companies.
BEIJING, Sept. 28 (Xinhua) -- China and Cuba here on Tuesday celebrated the 50th anniversary of their diplomatic ties at a reception.Chinese and Cuban government officials as well as people from various circles attended the reception held in the Cuban embassy in China.Cuba is the first Latin American country to forge diplomatic ties with the People's Republic of China, in 1960, said Chinese State Councilor Dai Bingguo when addressing the reception.China and Cuba have always supported and helped each other in the past fifty years, Dai said, highlighting their fruitful pragmatic cooperation in various areas.Dai said that the continuous consolidation and development of China-Cuba friendly relations is in the interests of the two nations and their people.China cherishes its friendly and cooperative ties with Cuba and would like to further deepen the traditional friendship, boost mutual beneficial cooperation and bring benefits to their people, Dai said.Ricardo Cabrisas Ruiz, vice president of the Council of Ministers of Cuba, said that the establishment of Cuba-China relations is of historic significance.The last fifty years have witnessed the close contacts of Cuba-China state leaders, increasing friendship of their people and expanding areas of pragmatic cooperation, Cabrisas said.Cabrisas added that Cuba is willing to continue advancing its friendly relations with China.

BEIJING, Sept. 3 (Xinhua) -- China and Ukraine have agreed to boost economic and parliamentary cooperation after their leaders met in Beijing.Top Chinese legislator Wu Bangguo and Premier Wen Jiabao met with visiting Ukrainian President Viktor Yanukovych Friday."The pressing task is to identify major projects for cooperation and give full play to business, research and financial institutes," said Wen.Wu Bangguo (R), chairman of the Standing Committee of China's National People's Congress, the country's top legislature, meets with Ukrainian President Viktor Yanukovich (L) in Beijing, capital of China, Sept. 3, 2010."By doing so, we will make headway in economic and technological cooperation and promote economic recovery and sustainable growth," he said.Yanukovych said his country hopes to fully utilize the cooperation committee at the vice-premier level they agreed upon to establish advanced cooperation in various fields.During his meeting with Wu, chairman of the Standing Committee of China's National People's Congress (NPC), Yanukovych discussed parliamentary exchange between the two countries."The documents signed between the two countries, including the joint statement, show the political willingness to boost parliamentary exchange," Yanukovych said.China hopes to enhance communication between parliamentary leaders and committees in legislature, supervision, trade and culture, Wu said.Yanukovych praised China's efforts maintaining reform, development and stability, saying his country looks forward to further discussions with China on governance.Yanukovych arrived in Beijing Thursday for a four-day state visit and has so far witnessed the signing of a joint statement to upgrade friendly cooperative relations in a comprehensive way.According to an agreement signed by the two sides, Chinese companies will undertake the construction of a 950-million-U.S.-dollar city rail line in Kiev, the capital city of Ukraine.Yanukovych will fly to Shanghai Saturday to attend the 2010 World Expo.
BEIJING, Nov. 5 (Xinhua) -- The quota shift, or the voting power redistribution of the International Monetary Fund (IMF), is just the start of IMF reform, a senior Chinese foreign affairs official said here Friday."G-20 leaders have pleged that progress should be made in terms of IMF quota reform prior to the Seoul summit, and now we will honor the commitment," said Chinese Vice Foreign Minister Cui Tiankai at a news briefing on China's outlook for the G20 summit in Seoul next week.At a G-20 finance ministers' meeting held last month, participants agreed to shift six percent of the IMF quota to emerging or under-represented countries such as China, India and Brazil, from developed economies."This is obvious progress," Cui commented on the proposal forged at the minister-level meeting, adding that the Chinese side hoped the IMF's board would agree on the quota transfer."China is one of the under-represented countries and it's rational and sensible to give China more quota," said the vice foreign minister.China would not try to maximize its own interests, but seek an all-win situation with other emerging economies and other IMF members, Cui added.Cui said the quota shift was far from the end of the IMF reform and he looked forward to more changes to the financial institution."This is not the end, not even the beginning of the end, but the end of the beginning," Cui said.Many countries have said that the way to calculate the quota itself needs to be reformed, as well as the IMF governance structure.
BEIJING, Nov. 7 (Xinhua) -- Premier Wen Jiabao will attend the opening ceremony of the third Ministerial Conference of the Forum for Economic and Trade Cooperation between China and Portuguese-speaking Countries, to be held in Macao later this month.Wen will attend the function and inspect the Macao Special Administrative Region during a visit slated from Nov. 13 to 14, said a statement from his office Sunday.
来源:资阳报