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BEIJING, Dec. 27 (Xinhua) -- Chinese stocks weakened Monday after the nation's central bank hiked rates on Saturday and amid speculation further monetary policy tightening to combat inflation is in the offing.The benchmark Shanghai Composite Index fell 1.9 percent, or 53.76 points, to finish at 2,781.4, following the central bank's decision to raise the benchmark one-year lending and deposit interests rate by 0.25 percentage points, its second rate hike in just over two months.The Shenzhen Component Index fell 2.02 percent, or 253.66 points, to end at 12,303.19 points.Combined turnover increased to 224.44 billion yuan (33.85 billion U.S. dollars) from 185.28 billion yuan the previous trading day.An investor watches a screen at a stock trading hall in Shanghai, Dec. 27, 2010. China's stock market dropped Monday. The benchmark Shanghai Composite Index lost 1.90 percent, closed at 2,781.40. The Shenzhen Component Index dropped 2.02 percent, closed at 12,303.19.Losers outnumbered gainers 834 to 76 in Shanghai and 1,125 to 89 in Shenzhen.China's consumer price index (CPI), a main gauge of inflation, rose to a 28-month high of 5.1 percent year on year in November.Besides hiking rates, China's central bank has increased banks' reserve requirement ratio six times this year, taking it to 19 percent for some banks.Shares of property developers dropped. China Vanke, the nation's largest real estate developer, lost 2.89 percent to 8.75 yuan. China Everbright Bank fell 3.7 percent to 3.91 yuan. PetroChina, China's biggest oil producer, declined 2.28 percent to 11.16 yuan.Coal producer shares gained 1.74 percent amid gains in international crude oil prices.China Shenhua Energy Co., China's biggest coal producer, climbed 0.02 percent to 25.05 yuan.
BEIJING, Nov. 25 (Xinhua) -- China on Thursday again called on the relevant parties to make joint efforts to safeguard peace and stability of the Korean Peninsula.Foreign Ministry spokesman Hong Lei made the remarks at a regular press briefing.The Republic of Korea (ROK) and the Democratic People's Republic of Korea (DPRK) exchanged artillery fire Tuesday in waters off the west coast of the Korean Peninsula, leaving four people dead.Hong initially expressed China's stance Wednesday with regard to the exchange of fire between the ROK and the DPRK.On Thursday, Hong again called on parties involved to stay calm and exercise restraint, and urged the ROK and DPRK to engage in dialogue and refrain from similar actions.China has always maintained that the relevant parties resolve disputes through negotiations and by peaceful means and be committed to safeguarding peace and stability in the Korean Peninsula, Hong said.China opposed any acts that harmed the peace and stability of the Korean Peninsula, he went on."It is very urgent and important to restart the six-party talks at the current stage," Hong said, adding China had maintained close contact with all the parties involved, including the United States.He said China hoped parties involved could make concerted efforts to properly handle their concerns through talks and consultation within the framework of the six-party talks, which involved China, the DPRK, the United States, the ROK, Russia and Japan.China would like to make concerted efforts with all parties to help ease tension, seek peace and stability in the Korean Peninsula, Hong said.With respect to the planned joint military drill between the United States and the ROK in waters off the west coast of the Korean Peninsula from Nov.28 to Dec. 1, Hong said China was concerned."China holds a consistent and clear stance on the issue," Hong said without elaborating.

SINGAPORE, Nov. 14 (Xinhua) -- Chinese Vice President Xi Jinping said here Sunday that China attaches great importance to the development of relations with Singapore and is willing to continue to expand and deepen friendly cooperation of mutual benefit on the basis of mutual respect and equality.When meeting with Singapore Deputy Prime Minister Wong Kan Seng, Xi said China, together with Singapore, will promote the overall and sound development of bilateral relations from the new starting point of the 20th anniversary of the establishment of diplomatic ties so as to further benefit the peoples of the two countries.In the past decades, the bilateral relations have developed rapidly with considerable broadness and in-depth, said Xi, adding that the two countries have enjoyed high level of economic and trade cooperation which can be served as a good model.Chinese Vice President Xi Jinping (L) shakes hands with Singaporean Deputy Prime Minister Wong Kan Seng during their meeting in Singapore, Nov. 14, 2010.He said China and Singapore have achieved fruitful results in human resources and governance exchanges, and conducted close coordination in regards of major international and regional issues.Leaders of the two countries always consider the bilateral relations from strategic and long-term perspective so that the relations have maintained sustainable, stable and sound development, Xi said.With three cooperative mechanisms of vice-prime-minister level in place, the two sides witnessed rapid progress in such fields as hi-tech, Singapore's participation in China's local development, " Going Out" of Chinese enterprises, and human resources development, he said.Xi hoped the joint committee of bilateral relations, a major mechanism, will further offer more support to cooperation in various fields of the two countries so as to achieve mutual benefit and win-win results.China is still a developing country, and faces an arduous task to develop economy and improve people's life, though it has gained the remarkable achievement since the reform and opening-up, Xi said.Wong Kan Seng said it is of great significance of Xi's visit at the 20th anniversary of the establishment of diplomatic relations between the two countries.Singapore and China have a sound and strong basis in their relations, Wong said, adding that a successful and strong China will be conducive to the development of Singapore, also conducive to the benefit of countries in the region.Singapore will further the exchanges and cooperation with China to promote the bilateral relations to a new level.
BEIJING, Nov. 26 (Xinhua) -- Wang Gang, a member of the Political Bureau of the Communist Party of China (CPC) Central Committee, met in Beijing with a delegation of the Communist Party of the Russian Federation (KPRF).The delegation, led by Dmitry Novikov, secretary of KPRF Central Committee, is on a ten-day visit to China.Wang Gang (R), a member of the Political Bureau of the Communist Party of China (CPC) Central Committee, who is also a vice chairman of the National Committee of the Chinese People's Political Consultative Conference, shakes hands with Dmitry Novikov, secretary of Communist Party of the Russian Federation (KPRF) Central Committee, in Beijing, capital of China, Nov. 26, 2010. Dmitry led a young cadre delegation of KPRF for a visit to China. Wang, also vice chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), said the CPC cherished the friendship with the KPRF, which is an opposition party of Russia.The CPC was ready to work with the KPRF to improve multi-level exchange and cooperation in different fields and to make joint efforts in fully expanding Sino-Russian strategic partnership of coordination, he said.
MACAO, Nov. 13 (Xinhua) -- Chinese Premier Wen Jiabao Saturday respectively met here with leaders of Portugal, Timor-Leste, Mozambique and Guinea Bissau, who came to Macao to attend the third Ministerial Conference of the Forum for Economic and Trade Cooperation between China and Portuguese-speaking Countries.Wen held respective meetings with Portuguese Prime Minister Jose Socrates, Timor-Leste president Jose Ramos Horta, Mozambique Prime Minister Aires Bonifacio Baptista Ali, and Guinea-Bissau Prime Minister Carlos Gomes Junior.During his meeting with Jose Socrates, Wen said that Chinese President Hu Jintao paid a successful recent visit to Portugal, bringing the development of the two countries' relations to a new level.He pointed out that China encourages capable enterprises to invest in Portugal and is willing to expand its import from the European nation, in a bid to realize the goal of doubling bilateral trade volume by 2015. He also said that the two countries should explore cooperation in fields such as energy, tourism, logistics and traffic, promoting the deepening and sustainable development of bilateral ties of economy and trade.For his part, the Portuguese Prime Minister said in the meeting that Portugal appreciates China's support, welcomes Chinese enterprises to expand their investment in his country and is willing to deepen bilateral cooperation in various fields, so that the two sides can push forward their relations and achieve more fruitful results.When meeting with Jose Ramos Horta, Wen said that the people of China and Timor-Leste have forged a deep and profound friendship, and the two nations have established a solid political foundation.
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