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BEIJING - The crab trade across the Taiwan Strait has slowed in what should be its peak season due to picky quarantine standards put forward by the Taiwan authorities, said a Chinese mainland official here Wednesday."We hope the related non-governmental organizations from both sides will carry on negotiations so that Taiwan people can enjoy this delicacy at the right time," said Li Weiyi, spokesman of the Taiwan Affairs Office of the State Council.Fresh crabs, especially those bred in East China's Jiangsu Province, have become a traditional and popular mid-autumn dish and have sold well in Taiwan.The two sides had reached an agreement on quarantine standards of crabs in July, but in August the Taiwan authorities submitted new standards requiring residues of all drugs to be undetectable, which was too picky and impractical, Li said.The mainland had exported quality and safe food, he said, adding that 99 percent of food exported to Japan and the European Union met their standards."We do expect the two sides to show sincerity and settle this problem for the benefit of consumers," he said. "We have noticed that a certain group in Taiwan is trying to discredit mainland foods. Such politically driven action will greatly harm normal trade across the Strait."In the first eight months of this year, the mainland has found 27 consignments of unqualified food imported from Taiwan. "We handled them according to regulations, but did not exaggerate the situation," Li said.He said the mainland would continue encouraging imports of produce from Taiwan.A 30-member purchasing group from the mainland visited Taiwan this month and signed an initial agreement to buy 2,000 tons of local fruits."We will support more farm produce importers and trade organizations in visiting Taiwan," Li said.Meanwhile, he urged the Taiwan authorities to speed up the talks on opening Taiwan to mainland tourists.Tourism organizations from the two sides had held six rounds of talks on technical issues."The two sides have developed common understanding, but a number of problems remained unresolved," Li said.After the fifth round of talks, the mainland put forward a set of practical solutions, but the Taiwan authorities had made no response for months, he said.

The second batch of quotas for qualified foreign institutional investors (QFII), a scheme for foreign players to invest in the A-share market, is likely to be about billion, an industry insider, who declined to be named, told China Daily on Friday. The source said that the second batch of QFII quotas was being discussed, and pending approval by the Chinese government, was likely to be about billion, not exceeding that of the last batch, which was billion. Hu Xiaolian, Deputy Governor of the central bank and Administrator of the State Administration of Foreign Exchange (SAFE), said earlier that related rules on the QFII scheme were being amended and the total QFII quota would certainly see an increase in 2007. However, she declined to give a specific sum. China has so far approved 52 overseas institutions as QFIIs to invest in the A-share market, of which 49 have got a combined investment quota of .995 billion from SAFE, near the upper limit of billion as stipulated previously. Industry insiders said the demand for QFII quotas was strong at present and more should be granted. "Despite the excessive liquidity in the A share market, the Chinese government should grant more quotas to QFIIs. Otherwise, they will find other ways, making it more difficult to supervise," She Minhua, an analyst with CITIC China Securities said. Meanwhile, the booming Chinese stock market is attracting more foreign financial firms to set up joint ventures in the investment sector. The Financial Times on Thursday reported that Nikko Asset Management, a QFII approved in 2003, has become the first Japanese fund firm to acquire a 20 per cent stake in a local firm, the Shenzhen-based Rongtong Fund Management Company. Nikko AM bought the stake from Shaanxi International Trust & Investment (SITI), for 3.8 yuan per share, valued at 475 million yuan, according to a statement by the Shenzhen-listed SITI.

BEIJING -- China has expressed concern about Washington's decision to shoot down a damaged satellite, urging the US Government to fulfill its international obligation.Responding to a question on the US plan to shoot down a damaged satellite, Chinese Foreign Ministry spokesman Liu Jianchao said on Sunday that the Chinese government is highly concerned about development of the situation and has urged the US side to fulfill its international obligation and avoid causing damages to the security in the outer space and other countries."Relevant departments of China are closely watching the situation and working out preventive measures," Liu said.According to news reports, the US Defense Department is planning to shoot down a damaged spy satellite that is expected to hit the Earth in early March. The satellite, which contains toxic fuel, has been out of control shortly after its launch in 2006.

BEIJING, March 25 (Xinhua) -- China's upcoming growth enterprise board for small start-ups to raise funds is no threat to the main stock market, Yao Gang, new vice chairman of the China Securities Regulatory Commission (CSRC), said here Tuesday.     His comments followed continuous declines in China's bourses partly caused by fears of capital shortages after a series of restraining measures and huge refinancing.     "The market is not short of money but of better and more attractive investment products," said Yao in an online interview.     CSRC statistics showed the average market capitalization of the222 companies listed on the Shenzhen small and medium-sized enterprises (SMEs) board was only 300 million yuan.     The number would be even lower, ranging from 100 million to 200million yuan, on the growth enterprise board, he said.     Therefore the capitalization of listing 100 such enterprises would only match one major enterprise on the Shanghai Stock Exchange, he said.     The CSRC began to solicit opinions on the growth enterprise board on March 21. Shang Fulin, CSRC chairman, said in January the board would be opened on the Shenzhen Stock Exchange in the first half of 2008.     Lack of finance has been a problem for China's 42 million small and medium-sized enterprises, more than 95 percent of which are privately owned.     Less than 2 percent of the SMEs access funds directly from the financial market, according to statistics from the National Development and Reform Commission.

Premier Wen Jiabao held talks Sunday with Turkmen President Gurbanguly Berdymukhamedov in the capital Ashgabat, as both sides exchanged views in various fields including security, trade and economy, and cultural exchanges.Turkmenistan President Gurbanguly Berdymukhamedov (R) welcomes Chinese Premier Wen Jiabao at a grand ceremony in the preseidential palace compound in Ashgabat on Sunday. [Xinhua]China-Turkmenistan relations have a long history and the ancient Silk Road is a strong bond linking the two countries, Wen said in his meeting with Berdymukhamedov. "China thanks Turkmenistan for its strong support in areas such as the Taiwan question, Tibet and 'East Turkistan' issues," Wen said, adding China will continue to support Turkmenistan's independence, sovereignty and economic development.Berdymukhamedov emphasized that strengthening Sino-Turkmen relations is in the interests of peoples in both countries and contributes to peace, stability and development in the region.He said Turkmenistan will work with China to expand collaboration in areas such as construction of oil and gas pipelines, transportation, telecommunication and textiles.The two leaders also witnessed the signing of two documents on the construction of fertilizer and glass plants.Turkmenistan is the second leg of Wen's four-nation trip, which has already taken him to Uzbekistan and will take him to Belarus and Russia.Wen arrived in Turkmenistan on Saturday after a two-day official visit to Uzbekistan where he attended the Sixth Meeting of Prime Ministers of Member States of Shanghai Cooperation Organization.The Chinese government regards Uzbekistan as a very important partner in Central Asia and will continue to promote the partnership on the basis of equality, mutual trust and benefit, and common development, Wen said in his meeting with his Uzbek counterpart Shavkat Mirziyaev on Saturday.During his visit, China and Uzbekistan issued a joint communique pledging further efforts to strengthen bilateral relations and cooperation in various fields.Uzbekistan reaffirms its adherence to the one-China policy, and recognizes that the government of the People's Republic of China is the sole legitimate government representing the whole of China and that Taiwan is an inalienable part of China's territory, the communiqu said."China reiterates its support to Uzbekistan and its leaders in their efforts to safeguard national independence, sovereignty and territorial integrity and uphold national dignity, and to maintain domestic stability and develop its national economy. China opposes any attempt to interfere in the internal affairs of Uzbekistan under the guise of 'human rights'," the communique said.Wen said he hopes Uzbekistan will work to improve the investment environment so that more Chinese companies could invest in the country and contribute to its economic development.The two prime ministers also attended the signing ceremony of 10 documents on closer cooperation in various fields including environmental protection, public health, water supply and finance.