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NEW DELHI, Dec. 16 (Xinhua) -- Chinese Premier Wen Jiabao and Indian Prime Minister Manmohan Singh on Thursday called for continuous efforts to enhance the friendly relations between the two countries."In the past 60 years, China and India have overcome various difficulties in making strides forward and have gained rejuvenation," said Premier Wen when attending the celebration activities of the 60th anniversary of the establishment of the diplomatic relations between China and India and the closing ceremony of the "Festival of China 2010 in India."Wen said that both sides have upheld the Five Principles of Peaceful Co-existence which they initiated together, sought good neighborliness, treated each other equally and worked for cooperation of mutual benefits, adding that these are the precious experiences obtained in the development of bilateral ties in more than half a century.The Chinese premier called on both sides to carry on the friendship generation after generation despite changes on the world arena and difficulties that may lie ahead.Wen stressed both China and India are in a key period of development, and that they should enhance political and strategic mutual trust, expand pragmatic cooperation in economy, trade and science and technology, strengthen coordination in regional and international affairs, upgrade the status and influence of developing nations, so as to make greater contributions to building a harmonious world featuring lasting peace and common prosperity.The premier meanwhile expressed his gratitude to the people on both sides who have worked hard for the success of the Festival of China in India, and wished the Indian people happiness and healthiness in the coming new year.When addressing the ceremony, Singh said China is India's biggest neighbor, and that it is a consistent diplomatic objective of India to develop ties with China.He also hailed the China-India cooperation as a cornerstone for a century of Asia, saying it also has global and strategic significance.China and India are friends, not rivals, and there is enough room in the world for China and India to develop at the same time, Singh said.He added that the two countries should jointly enhance exchanges and cooperation in a bid to make new achievements in the China-India strategic and cooperative partnership.Wen arrived here Wednesday for a three-day official visit at the invitation of Singh.
BEIJING, Dec. 1 (Xinhua) -- The Purchasing Managers Index (PMI) of China's manufacturing sector rose to 55.2 percent in November, up 0.5 percentage points from October, the China Federation of Logistics and Purchasing said Wednesday.The figure marked the 21th straight month that the index was above the boom-and-bust line of 50 percent.The PMI includes a package of indices to measure performance of the country's manufacturing sector. A reading above 50 percent indicates economic expansion, while that below 50 percent indicates contraction.
NANJING, Dec. 31 (Xinhua) -- A court in east China's Jiangsu Province sentenced a man to death and another to life in prison Friday for illegally raising up to 4 billion yuan (606 million U.S. dollars) in a fraudulent investment scheme.Another 11 suspects were given jail terms ranging from two-and-a-half to 10 years for collusion in the fraud, which caused losses of 650 million yuan (98 million dollars) to 14,822 investors, the Intermediate People's Court in the provincial capital, Nanjing, said in a statement.According to the statement, Sun Haiyu and Hu Zhen jointly set up a company, Nanjing Runzai Biology Co., Ltd. in January 2004 and began soliciting investments from the public in the name of planting glossy ganoderma, or reishi mushrooms, which are widely used in traditional Chinese medicine.The judge said the company exaggerated its profits in planting glossy ganoderma and fraudulently claimed that the investment was risk free.The duo, together with 11 accomplices, raised more than 4 billion yuan from April 2004 to July 2008.Sun was sentenced to death for the crime of illegal fund-raising by fraudulent means, while Hu was sentenced to life imprisonment.
MACAO, Nov. 13 (Xinhua) -- Chinese Premier Wen Jiabao announced Saturday that China will launch a series of measures between 2010 and 2013, which were aimed at helping boost the development of less-developed Portuguese-speaking countries.Wen announced the measures when delivering his speech at the opening ceremony of the third Ministerial Conference of the Forum for Economic and Trade Cooperation between China and Portuguese- Speaking Countries here in Macao on Saturday.Under the new measures, financial institutions from the Chinese mainland and Macao Special Administrative Region (SAR) will set up a one-billion-U.S.-dollar development fund for cooperation between China and Portuguese-speaking countries, in a bid to push forward the financial cooperation between the two sides.The Chinese government will also provide those African and Asian Portuguese-speaking countries that participated in the third Ministerial Conference of the Forum with 1.6 billion yuan (242 million U.S. dollars) worth of loans on favorable terms within a bilateral framework.The new measures will also see China provide equipments, technical personnel, etc. to the countries, supporting a bilateral agricultural cooperation with each of the African and Asian Portuguese-speaking countries that participated in the third Ministerial Conference of the Forum.Sponsored by China's Ministry of Commerce and hosted by the government of the Macao Special Administrative Region (SAR), the forum was created in Macao in 2003, with the joint participation of seven Portuguese-speaking countries, namely Angola, Brazil, Cape Verde, Guinea Bissau, Mozambique, Portugal and Timor-Leste.
BEIJING, Nov. 16 (Xinhua) -- A seminar on how to improve China's multi-party cooperation and political consultation mechanism under the leadership of the Communist Party of China (CPC) opened here Tuesday.The seminar was held by the Chinese People's Political Consultative Conference (CPPCC) with the attendence of 251 national political advisors.Jia Qinglin, chairman of the CPPCC National Committee and a member of the Standing Committee of the Political Bureau of the CPC Central Committee, met with the 251 advisors.Wang Gang, vice chairman of the CPPCC National Committee, told the participants to the seminar that the top political task of the CPPCC for now and a future period is to study and implement the guiding principles of the 5th plenum of the 17th CPC Central Committee, which concluded last month.The seminar will last four days.