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LIMA, Nov. 23 (Xinhua) -- China's top political advisor Jia Qinglin met with the president of Peru's Congress, Luis Alva, here on Monday to discuss bilateral ties. Jia, chairman of the National Committee of the Chinese People's Political Consultative Conference, said China views Peru, one of the first Latin American nations that recognized the People's Republic of China, as a good friend and partner in the region. Luis Alva (R), president of the Congress of Peru, meets with Jia Qinglin, chairman of the National Committee of the Chinese People's Political Consultative Conference, in Lima, capital of Peru, Nov. 23, 2009He hailed the stable development of bilateral relations since they forged diplomatic ties 38 years ago, especially the fast and all-round development in the new century. Jia said China and Peru have set up a strategic partnership, signed a free trade agreement, enhanced political mutual trust and mutually beneficial cooperation and carried out fruitful cultural exchanges. The two countries have also coordinated closely on international and regional issues, he added. China and Peru are facing the common task of boosting economic growth and improving people's living standards, Jia said, noting that deepening their friendly and mutually beneficial cooperation serves the fundamental interests of both countries. Luis Alva (R), president of the Congress of Peru, meets with Jia Qinglin, chairman of the National Committee of the Chinese People's Political Consultative Conference, in Lima, capital of Peru, Nov. 23, 2009Jia proposed that the two countries should further enhance political mutual trust, expand pragmatic cooperation and boost exchanges between political parties, parliaments, local governments, media organizations and non-governmental groups. He appreciated the efforts by Peruvian legislators in promoting bilateral ties. The Peruvian Congress passed two bills to express condolences to the Chinese people following the devastating earthquake in southwest China's Sichuan province last year, and it recently passed another bill to extend congratulations on the 60th anniversary of the founding of the People's Republic of China, he said. "All of these demonstrated the deep friendship between China and Peru, and we appreciate that very much," Jia said. Alva thanked China for its support to Peru and spoke highly of China's contributions to the world, saying the sound, close relationship between the two nations has benefited the two peoples. Peru hopes to strengthen its cooperation with China in the high-tech sector and welcomes investment by Chinese companies in the country, he said. Jia arrived here on Sunday for a two-day visit to Peru. Peru is the second leg of his four-nation tour, which will also take him to Ecuador and Brazil. He has already visited the Philippines.
SHANGHAI, Nov. 23 (Xinhua) -- Baosteel Group, China's leading steelmaker, announced on Monday its acquisition of 15 percent stake in Aquila Resources, an Australian iron ore and coal company. The 286 million Australian dollar purchase (265 million U.S. dollars) has made Baosteel the second largest shareholder of Aquila, said the Chinese company based in Shanghai. The transaction is an important strategy for Baosteel's overseas expansion by securing long-term supply of critical raw materials for its steel making business, said the company. The deal will help the Australian company source low-cost financing from Chinese institutions to support its projects. Tony Poli, executive chairman of Aquila said on the company website, "The company now looks forward to developing its relations with Baosteel to the mutual benefit of both companies." The deal was approved on November 13 by China's top economic regulator, the National Development and Reform Commission (NDRC), and it was Baosteel's first large strategic investment in a foreign public company. The two companies signed an agreement on the acquisition in August this year and got nod in October by Australia's Foreign Investment Review Board (FIRB), which limited Baosteel's stake in the Australian company to the utmost 19.9 percent. Under the terms of the deal, Dai Zhihao, a vice president of Baosteel, will step in as a board member of the Australian coalminer.

HOHHOT, Dec. 6 (Xinhua) -- China has invested more than 6.5 billion yuan (959 million U.S. dollars) to preserve grasslands in northern Inner Mongolia Autonomous Region, said the regional government. The money has been spent on returning grazing land to grassland, restoration of natural grassland and sand source control to prevent sandstorm. The efforts have helped reduce the area of degraded grasslands in Inner Mongolia to 500 million mu (33.5 million hectares) from 700 mu since 2000, it said in a statement. Since the end of the 1990s, successive droughts, overgrazing and inadequate funding on grassland protection have led to deterioration and desertification of the grasslands in the region. The region has set the goal of increasing the grasslands' vegetation coverage to 42 percent next year and 48 percent in 2015. The vast autonomous region, which has a grassland area of 1.3 billion mu, plays a key role in maintaining the country's ecological security, especially in preventing desert threat to Beijing and neighboring Tianjin.
TAIPEI, Dec. 14 (Xinhua) -- Chiang Pin-kung, chairman of Taiwan's Straits Exchange Foundation (SEF), has called for calm response to the upcoming cross-Strait talks. The SEF and the mainland's Association for Relations Across the Taiwan Straits (ARATS) plan to hold new round of talks in Taiwan's Taichung city on Dec. 22. Chiang said issues to be discussed during the talks included labor cooperation in the fishing industry, cooperation in inspection and quarantine of agricultural products and standard measurement authentication and avoidance of double taxation. Those issues were closely related to the health and benefits of people across the Strait, he said, adding that he hoped agreements could be reached to improve the foundation of cross-Strait relations. It is the fourth round of talks since the SEF and the ARATS resumed negotiations in June last year following a 10-year suspension.
BEIJING, Dec. 25 (Xinhua) -- Chinese Vice Premier Li Keqiang has urged to improve taxation regulations to boost economic development and better ensure people's livelihood. Li made the remarks when visiting the State Administration of Taxation on Thursday. Taxation is a major measure to pool financial revenue and boost social and economic development, and it also plays an important role in adjusting income distribution and improving people's livelihood, Li said. Chinese Vice Premier Li Keqiang (C Back) addresses a symposium on taxation work at the State Administration of Taxation in Beijing, capital of China, Dec. 24, 2009. He urged better collection and use of tax to ensure livelihood of people with low income and support agriculture and the development in remote, poor areas. To alleviate burdens on enterprises against the backdrop of the global economic crisis, China carried out the tax reduction policy this year. Tax and fee reduction nationwide totaled 550 billion yuan (80.5 billion U.S. dollars).
来源:资阳报