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BEIJING, April 8 (Xinhua) -- Chinese Vice Premier Li Keqiang met here Thursday with Portuguese Minister of State and Foreign Minister Luis Amado, calling for cooperation on areas like renewable energy between the two countries.China is undergoing transformation of the economic development pattern and adjustment of the economic structure and has huge market for "green economy" while the European countries including Portugal have advanced technology on renewable energy, said Li."The two sides could enhance exchanges and complement each other's advantages to achieve win-win results," said Li. Chinese Vice Premier Li Keqiang (R) meets with Portuguese Minister of State and Foreign Minister Luis Amado in Beijing, China, April 8, 2010.Li said China appreciated the role Portugal has played as a European Union member, hoping the two countries could continue to consolidate political trust and promote common development.Amado, who is paying an official visit to China from April 8 to 10, said Portugal regards China as its important partner in Asia and is willing to work with China to lift bilateral ties to a new level

BEIJING, April 29 (Xinhua) -- China's parliament on Thursday adopted the Law on Guarding State Secrets and the amended State Compensation Law at the closing session.Wu Bangguo，chairman of the Standing Committee of the National People' s Congress, or the top legislature, presided over the closing of the four-day bimonthly session.Wu said, the amendment to the State Compensation Law will regulate the use of public power, protect legitimate rights and interests of citizens, legal persons and social organizations. The 14th session of the Standing Committee of the 11th National People's Congress (NPC) concludes in Beijing, capital of China, on April 29, 2010. Wu Bangguo, chairman of the NPC Standing Committee, presided over the concluding meeting.Wu said, the Law on Guarding State Secrets has made clear legal liability in guarding state secrets, which will help safeguard the state security and interests.The legislature also reviewed the report on migrant workers which stressed protecting the rights and interests of this group and improving social services for them. Wu also urged to quicken the pace of urbanization.The Standing Committee reviewed the report on the development of cultural industry which urged greater development of the industry so that it becomes a new engine of economic growth.Wu said the Committee also reviewed the report on road traffic management.

BEIJING, April 6(Xinhua) -- Chinese Vice Premier Hui Liangyu has urged the state-run newspaper Farmers' Daily to make a greater contribution to the modernization drive of Chinese agriculture.Hui made the remarks in his congratulatory message commemorating the 30th anniversary of the founding of the Farmer's Daily, China's first national newspaper targeted at rural residents.A symposium marking the anniversary was held Tuesday at the Great Hall of the People, where the vice premier's congratulatory message was read.The newspaper has comprehensively covered the tremendous changes taking place in rural areas and in the agricultural sector over the past 30 years, Hui said.The Farmers' Daily has reported farmers' demands in a timely manner and has created a favorable atmosphere for the promotion of rural reforms and development, Hui said.He asked the newspaper to adhere to its guidelines of serving the farmers, train more high-quality staff for news reporting and embrace innovation in its reports and newspaper format.

BEIJING, May 3 -- Ma Weihua, president and chief executive officer of China Merchants Bank (CMB), said he wanted to see Chinese banks elevate their level of globalization in the context of expedited overseas expansion of Chinese companies during his bank's recent road show in the United States. He said CMB would pursue this process ambitiously but cautiously.The bank is soon to relocate its night-shift foreign exchange trading team to its New York branch, which was established in 2008, and will move on to security trading as well in the future, according to Ma during a group interview. The branch is also working on consolidating its dollar settlement business."What I'm concerned about right now is to first have my New York branch familiarized with the US market, customers and rules as soon as possible so I can expand the business steadily," Ma told the audience at a recent speech at New York University's Leonard N. Stern School of Business. "We won't consider faster expansion until we have secured our position here."Because of policy restrictions, CMB and other Chinese banks are only able to provide very limited services overseas for now. Retail banking, which CMB is best at, is still being constrained in its New York branch, its first branch in the West. But the bank is eyeing up other opportunities.The branch is attaching increasing importance to the loan business for Chinese companies during their overseas merger and acquisition activities. It just completed a big deal for a Chinese State-owned conglomerate but declined to reveal its name."The most fundamental motive to globalize our bank is to support Chinese companies' overseas growth and to provide the same quality service for foreign companies as well when they come to China," Ma said.According to Ma, over the past five years, Chinese companies' overseas direct investment saw an annual increase of 60 percent and their non-financial overseas investment grew by 68.5 percent year-on-year.In comparison, overseas assets only make up less than 4 percent of Chinese banks' total assets, while in large banks in Europe and the US, the proportion is about 40 percent, he said.

YUSHU, Qinghai, April 23 (Xinhua) -- A Chinese official Thursday said there had been no looting of quake relief materials in northwestern province of Qinghai and the aid had been distributed to victims in a fair and transparent way.Geng Yang, director of the Qinghai Provincial Department of Civil Affairs, said sparse looting did happen in the early period of the distribution of the relief materials."But this has been promptly stopped by government," Geng said in response to some media reports which also said some individuals in the Tibetan Autonomous Prefecture of Yushu, hit by a 7.1-magnitude quake on April 14, stockpiled and sold the materials at high prices.  Rescuers search for possible survivors and useful articles of local people in Gyegu Town of quake-hit Tibetan Autonomous Prefecture of Yushu, northwest China's Qinghai Province, April 22, 2010.Geng said their own investigations did not discover the alleged misconduct.

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