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WASHINGTON, Dec. 15 (Xinhua) -- A plenary session of the annual trade talks between China and the United States opened in Washington D.C. on Wednesday.Visiting Chinese Vice Premier Wang Qishan co-chairs the 21st Joint Commission on Commerce and Trade (JCCT) meeting with U.S. Commerce Secretary Gary Locke and Trade Representative Ron Kirk.
BEIJING, Dec. 12 (Xinhua) -- China said it will make greater efforts to start six-party emergency consultations because tensions on the Korean Peninsula have not eased."The six-party talks are a very important way to advance the denuclearization process on the Korean Peninsula and maintain peace and stability in northeast Asia. We, the concerned parties, should make full use of the talks," Chinese Foreign Minister Yang Jiechi said in an interview in Beijing Friday.Launched in 2003 and stalled since the end of 2008, the six-party talks involve China, Russia, the United States, Japan, the Democratic People's Republic of Korea (DPRK) and the Republic of Korea (ROK)."While the talks have yet to be resumed, we think it is the proper time for emergency consultations between the heads of the delegations of the six parties," said the foreign minister.Tensions remain high on the Korean Peninsula after the DPRK and the ROK exchanged artillery fire on Nov. 23. China proposed emergency consultations among the chief negotiators in December.Amid the international community's repeated calls for restraint and calm, the United States held separate large-scale naval drills with the ROK and Japan in waters near the peninsula."We will continue to make patient efforts to persuade the parties to engage in consultations," Yang said.He said the tensions on the peninsular will ease "only if all the parties show their sincerity and make joint efforts.""Stability on the Korean Peninsula is good for all. Chaos there is detrimental for all," he added.During the interview, the foreign minister reiterated China's policy to be a good neighbor and partner in Asia while continuing to make contributions to the rise of the region.Yang said China suggests a new security concept that features "mutual trust, mutual benefit, equality and coordination," be fostered, adding that countries in the region should step up cooperation in anti-terrorism and non-proliferation work."China welcomes other relevant countries playing a constructive role in regional cooperation to help shape an open, inclusive, and win-win cooperative framework in the region," he added.
BEIJING, Jan. 15 (Xinhua) -- China should steadily promote the internationalization of its currency, the yuan, the head of China's social security fund said Saturday.The internationalization of the yuan is a significant step for advancing the reform of the international monetary system, Dai Xianglong, chairman of China's National Council for Social Security Funds, said when speaking at annual economic forum in Beijing.The current international monetary system has not adapted to the new patterns of global economic development, he said, adding that currency diversification is a realistic solution.Currency diversification means continuing the role of dollar, increasing the role of the euro and internationalizing other currencies, he said.The U.S. dollar, serving as both the U.S. currency and the most important international currency, will be used for U.S. policy goals when the two roles contradict each other, spurring fluctuations in global financial markets, he said, adding that the dollar has a tendency to depreciate.He said the Chinese yuan is a stable currency, and so ensures the safety of other countries' assets.The Chinese currency also enhances world trade, protecting the interests of China's foreign trade and investment, he added.The internationalization of the yuan will take 15 to 20 years, he said, suggesting an expansion of the overseas circulation of the yuan and an acceleration in the opening-up of China's large commercial banks to speed up the process.He urged Chinese banks in foreign countries to offer funding in yuan.He also called for more efforts to reform the interest rate mechanism, to ease the process of the internationalization of the yuan.
MACAO, Nov. 13 (Xinhua) -- Chinese Premier Wen Jiabao met with Ho Hau Wah, former chief executive of the Macao Special Administrative Region (SAR), who is now the vice chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), here on Saturday.Ho became the first chief executive of the Macao SAR in 1999 when China resumed the exercise of sovereignty over Macao, and won the election for a second term in 2004.During the meeting, Wen highly praised Ho's work as the chief executive, who facilitated the successful implementation of the principle of "one country, two system" in the SAR and made his contribution to maintaining Macao's prosperity and stability.Chinese Premier Wen Jiabao (R) meets with Edmund Ho Hau Wah, vice chairman of the National Committee of the Chinese People's Political Consultative Conference, in Macao, south China, Nov. 13, 2010.Wen expected Ho to keep himself concerned on Macao's development and fully support the work of the chief executive and the Macao government.Chui Sai On succeeded Ho as the third-term chief executive on December 20, 2009.Kicking off his two-day visit in Macao Saturday morning, Wen has attended the opening ceremony of the third Ministerial Conference of the Forum for Economic and Trade Cooperation between China and Portuguese-Speaking Countries, and delivered a keynote speech.
RIYADH, Dec. 26 (Xinhua) -- A Chinese culture show was put up in the Saudi capital Riyadh as both countries mark the 20th anniversary of diplomatic ties.The three-day event, sponsored by the kingdom's Culture and Information Ministry in tandem with the Chinese Culture Ministry, is being organized at Riyadh's huge King Fahd Culture Center.Saudi Culture Minister Abdulaziz Khouja said the show reflected friendly relationship between the two counties, hailing deeply- rooted ties binding his country and China.A 30-strong Chinese delegation, which included artists and musicians, has arrived in Riyadh to take part in the event.Chinese Commerce Minister Chen Deming paid a landmark visit to Saudi Arabia in early 2010, during which he said both countries are going to boost the two-way trade volume to 60 billion U.S. dollars by 2015.