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BEIJING, July 7 (Xinhua) -- Chinese banks have been active in transacting yuan cross-border settlement after the first deal was made Monday.     The Industrial and Commercial Bank of China (ICBC) said Tuesday it had dealt with yuan cross-border settlement totaling 17 million yuan (2.49 million U.S. dollars) in two days.     Many banks in Guangdong Province were active in dealing with yuan cross-border settlement. The Bank of China Guangdong branch transacted yuan cross-border settlement totaling 7.96 million yuan (1.17 million U.S. dollars) Tuesday.     "Guangdong Province has a large economic scale and is highly dependent on foreign trade. Yuan cross-border settlement could help enterprises avert exchange rate risks and reduce costs," said Cao Licong, deputy governor of the BOC Guangdong branch.     "The service is favored by enterprises and will be promising in the future," said Hu Ye, deputy governor of the ICBC Guangdong branch.     China launched its first yuan cross-border settlement Monday.     China's State Council, or Cabinet, announced in April a pilot program to allow exporters and importers in Shanghai, and southern Guangzhou, Shenzhen, Zhuhai and Dongguan cities to settle cross-border trade deals in Renminbi (RMB), or yuan.     China last week issued detailed regulations for the pilot program for cross-border trade settled in yuan. The rules specified how to make transactions using yuan to settle trade with Hong Kong and Macao and regional trade partners.

PRAGUE, May 20 (Xinhua) -- Chinese Premier Wen Jiabao called for closer relations between China and the Czech Republic at meetings with Czech leaders on Wednesday.     The Chinese government attaches great importance to its relationship with the Czech Republic and would like to push the ties to a new stage, Wen said in talks with Czech President Vaclav Klaus. Chinese Premier Wen Jiabao (L) meets with Czech President Vaclav Klaus in Prague, capital of Czech Republic, May 20, 2009Wen said the Czech Republic, together with other Central and Eastern European countries, is among the earliest nations that established diplomatic relations with China, and their bilateral relations have enjoyed a sound foundation.     This year marks the 60th anniversary of the establishment of diplomatic relations between China and the Czech Republic.     Wen said that in the past 60 years, friendship and cooperation have always been the main tone of bilateral ties despite profound changes in both countries and in the world at large.     He said that in recent years, China and the Czech Republic have maintained high-level contacts, with bilateral economic and trade cooperation deepened and social and cultural exchanges expanded.     Wen said China attaches great importance to its relations with the Czech Republic and is willing to take the 60th anniversary as an opportunity to enhance mutual political trust, expand trade and mutual investment, strengthen cooperation in science and environmental protection, promote non-governmental exchanges, and better coordinate in international affairs. Chinese Premier Wen Jiabao (2nd R) poses together with European Commission President Jose Manuel Barroso (1st R), Czech President Vaclav Klaus (2nd L), whose country holds the rotating EU presidency, and EU foreign policy chief Javier Solana at the 11th China-EU Summit in Prague, Czech Republic, May 20, 2009Klaus, who has visited China three times, said he was very impressed every time he visited China. The Czech Republic considers China an important partner and is willing to strengthen cooperation and exchanges with China in various fields, Klaus said.     He expressed hopes that more Czech companies would invest in China.     Wen met Klaus after attending the 11th China-EU summit held here earlier Wednesday. The Czech Republic holds the rotating EU presidency.     Wen praised the efforts made by Klaus for the success of the summit and spoke highly of his contribution to bilateral relations. Chinese Premier Wen Jiabao (L, front) meets with Czech Prime Minister Jan Fischer (R, front) in Prague, capital of Czech Republic, May 20, 2009Also on Wednesday, the Chinese premier met Czech Prime Minister Jan Fisher.     Wen said it is particularly important for China and the Czech Republic to work together amid the global financial crisis.     The Chinese government is willing to expand trade with the Czech Republic and increase mutual investment and take concrete actions to promote trade balance, said the premier.     China welcomes the efforts by Czech enterprises to further explore the Chinese market, Wen said, adding that the two sides can also try to jointly explore third-party markets.     Both sides should create a sound environment for investment and cooperation between enterprises, Wen said.     Fisher said the Czech Republic considers the 60th anniversary as a new milestone and would enhance political dialogue with China and reinforce cooperation in such sectors as trade, investment, tourism and culture.     He also called for joint efforts with China to tackle the international financial crisis and push bilateral ties to a new high. Chinese Premier Wen Jiabao (L) shakes hands with European Commission President Jose Manuel Barroso (R) as Czech President Vaclav Klaus, whose country holds the rotating EU presidency, looks on at the 11th China-EU Summit in Prague, Czech Republic, May 20, 2009

BEIJING, May 11 (Xinhua) -- China released a detailed three-year plan to stimulate its nonferrous metal industry focused on industrial restructuring and technology innovation, the State Council, or the country's Cabinet, said here on Monday.     The nonferrous metal sector should keep a steady operation in 2009, and achieve a sustainable development by 2011, according to the plan.     The country would encourage regrouping among nonferrous metal companies to sharpen the competitive edge of the whole industry, the plan said.     Three-to-five nonferrous metal corporation would be formed out of industrial reconstructing by 2011 with advanced production capacity and technology innovation capability.     Combined copper output of top 10 domestic producers should take up 90 percent of the country's total by 2011, aluminum output 70 percent, lead 60 percent, and zinc 60 percent, according to the State Council.     The government would also encourage the exploitation of nonferrous metals both at home and abroad, supporting companies to invest in mines overseas -- either on their own or with foreign parties.     The country would help with capital injection and foreign reserve application concerning overseas projects.     The export rebate policy would be a "proper" and "flexible" one to encourage nonferrous products with high technology and high added values, according to the plan.     The State Council also laid out guidelines to eliminate obsolete capacity and digest over capacity. No new project to develop electrolytic aluminum will be allowed in the next three years, the plan said.     The country would put strict control on the production of copper, lead, zinc, titanium and magnesium.     At the same time, China aims to save 1.7 million tonnes of coal and 6 billion KWh of electricity per year, as well as reduce sulfur dioxide by 850,000 tonnes annually as part of industrial upgrading for the nonferrous metallurgy sector.     China was the largest producer and consumer of nonferrous metals with total output of ten major nonferrous metals reaching 25.2 million tonnes and total consumption at 25.17 million tonnes in 2008.     The country's nonferrous metal industry received a severe blow from the global economic downturn after keeping high-speed growth for nearly a decade.     Statistics released by the China Nonferrous Metals Industry Association showed aggregate profit of China's nonferrous metal producers fell 45 percent last year to 80 billion yuan (11.73 billion U.S. dollars).     Along with the support plan for the nonferrous metal sector, the State Council has unveiled stimulus packages for 10 industries since January, such as machinery-manufacturing, electronics and information industries, the light industry and petrochemical sectors.

BEIJING, July 5 (Xinhua) -- The Chinese government has allocated more than 126 million yuan (about 18.4 U.S. dollars) for disaster relief in six worst rainstorm-hit provinces, autonomous regions or municipalities in south China, the Ministry of Civil Affairs said here Sunday.     The six provinces, autonomous regions and municipalities include Guangxi, Jiangxi, Hunan, Hubei, Guizhou and Chongqing.     A total of 5,200 tents were also sent to Guangxi, Jiangxi and Hunan to provide shelter for the people displaced there, the ministry said.     While Beijing and neighboring provinces are fighting heat waves, the southern half of the country has been drenched in rain or flood since late June.     The latest round of rainstorms and flood, also this year's worst according to the ministry, had battered 12 provinces, killing 75 people and leaving another 13 missing and 938,000 homeless as of 4 p.m. Sunday.     Close to 40 million people were affected by the rainstorms and the flood, it said, adding that a total of 101,000 houses were toppled in the flood, causing over 13 billion yuan (about 1.9 billion U.S. dollars) in direct economic losses, it said.

HELSINKI, June 25 (Xinhua) -- China and Finland on Thursday agreed to push for closer economic cooperation to tackle the ongoing global financial crisis.     Visiting Chinese Vice Premier Li Keqiang unveiled broad measures to work together with Finland to fight the global financial crisis after meeting with Finnish Prime Minister Matti Vanhanen. Li and Vanhanen joined a signing ceremony of several government and business agreements between the two sides, under which Li said China would purchase Finland's advanced environment-friendly technologies.     China would also send a large group of entrepreneurs to Finland within two weeks to make major purchases of Finnish goods, according to Li. Chinese Vice Premier Li Keqiang (1st R) holds talks with Finnish Prime Minister Matti Vanhanen in Helsinki, June 25, 2009    The two governments also planned to hold talks in August on reducing double-taxing to facilitate bilateral trade and investment activities.     Li said these measures were major fruits of his visit to Finland, adding that the measures reflected the shared political will between China and Finland to push for closer cooperation in tackling the financial crisis and opposing protectionism.     Vanhanen said that the Finnish government and the Finnish people, battered by the ongoing financial crisis, were looking forward to seeing the large group of Chinese entrepreneurs in Finland.     The Finnish leader stressed that the Sino-Finnish relations had always been solid and strong, adding that the two sides were getting increasingly closer as they took effective measures to deepen bilateral cooperation in all fields.     Vanhanen said the 2010 World Expo to be held in Shanghai, China was a good opportunity for promoting the Sino-Finnish relations, and that Finnish companies would actively participate in the event.     He promised that Finland would continue to play a constructive role in promoting China-EU relations and pushing for the lifting of an EU arms sales ban on China as soon as possible.     Vanhanen reiterated that the Finnish government would firmly adhere to the one-China policy.     During their talks, Li highlighted several key points in developing the Sino-Finnish relations.     He said China and Finland should attach strategic importance to their relations, further expand mutually beneficial economic cooperation, and create new areas for cooperation in culture and education.