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DALIAN, May 25 (Xinhua) -- China started the trading of polyvinyl chloride (PVC) futures contracts at 9 a.m. at DALIAN Commodity Exchange Monday, with September contract V909 opening 275 yuan higher at 6575 yuan per ton.     After steel futures and rice futures, this is the third new futures trading launched in China this year.     PVC is a kind of synthetic resin widely used in construction, plumbing, electric wires and packaging. China is the world's largest PVC manufacturer, with an annual output of 8.82 million tonnes last year. A trading staff looks at the price of futures contracts at the hall of the Dalian Commodity Exchange in Dalian, a coastal city in northeast China's Liaoning Province, May 25, 2009. China started the trading of polyvinyl chloride (PVC) futures contracts at 9 a.m. at Dalian Commodity Exchange Monday, with September contract V909 opening 275 yuan higher at 6575 yuan per ton. China is the world's largest PVC manufacturer, with an annual output of 8.82 million tonnes last year

DAMASCUS, April 26 (Xinhua) -- During his Middle East tour, Chinese Foreign Minister Yang Jiechi on Sunday put out a five-point proposal to push forward the Middle East peace process and common development.     Yang, who has visited Egypt, the Palestinian territories, Israel and Syria, said in an exclusive interview with Xinhua that China has been closely following the situation in the Middle East and he has made in-depth exchanges of views with concerned parties on various issues of the region during his Middle East visit. Syrian Foreign Minister Walid al-Moallem (R) and Chinese Foreign Minister Yang Jiechi hold a joint press conference after their meeting in Damascus, April 26, 2009. The Israeli attacks on the Gaza Strip at the end of 2008 has brought heavy casualties and instability to the region, which shows once again that if the Middle East issue is not been fundamentally solved, there will be no peace and security in this region, he said.     Currently, Israel has formed a new government and the two main Palestinian factions have been holding talks under the mediation of Egypt. Under such circumstances, Yang put the five-point proposal, which includes:     First, the concerned parties should adhere to the peace talks, and firmly promote the peace process on the basis of relevant UN resolutions, the "land for peace" principle, the "Road Map" plan, and the Arab peace initiative, Yang said.     Second, the parties should take positive measures to restore stability and accumulate mutual trust, so as to create conditions for the development of peace process.     Third, China believes the two-state solution should be maintained and calls for an early establishment of an independent Palestinian state and the two countries of Palestine and Israeli live in harmony.     "This is the ultimate way out for the Palestinian issue, which can give guarantee to the Middle East peace and security," Yang said.     Fourth, the international community should continue to pay due attention to the Middle East issue, and deliver its supports to the peace talks, the inner-Palestinian unity and economic growth.     Fifth, the peace negotiations between Palestine and Israel, Syria and Israel, Lebanon and Israel should advance in a coordinated way in order to achieve comprehensive peace across the Middle East region, Yang said.     "As a permanent member of the UN Security Council, China will continue to maintain close communication and coordination with parties concerned to play a constructive role in pushing for a comprehensive, just and lasting solution to the Middle East issue," Yang added.     He said he has enunciated China's position on current Middle East issues during the trip. He hoped relevant parties could stick to the peaceful negotiation and accumulate mutual trust in a bid to advance the Middle East peace process.     He said he believes his visits to the four Middle East nations will contribute to the peace process.     Yang left the Syrian capital Damascus on Sunday after meeting with Syrian President Bashar al-Assad and Syrian Foreign Minister Walid Mualem. 

MOSCOW, April 27 (Xinhua) -- Russian President Dmitry Medvedev said here Monday that he was satisfied and pleased with the smooth development of strategic partnership of cooperation with China.     Medvedev said during his meeting with visiting Chinese Foreign Minister Yang Jiechi that he was looking forward to the upcoming state visit of his Chinese counterpart Hu Jintao, whom he has held a "successful" meeting with on the sidelines of the G20 London Summit. Russian President Dmitry Medvedev (L) meets with visiting Chinese Foreign Minister Yang Jiechi in Moscow on April 27, 2009.Based on this year's 60th anniversary of the establishment of diplomatic relations between China and Russia, Medvedev said the two countries shall review outcomes and look ahead for future development of bilateral relations.     Against the backdrop of the ongoing global financial crisis, Russia, together with China, will increase top-level visits, expand cooperation in all aspects such as economy, trades and humanities, and closely collaborate on combating the financial crisis, as well as on international and regional issues, said Medvedev. Russian President Dmitry Medvedev (1st L) meets with visiting Chinese Foreign Minister Yang Jiechi (1st R) in Moscow on April 27, 2009The upcoming state visit of President Hu to Russia is of vital importance to further advancement of China-Russian strategic partnership of cooperation under new circumstances, said Yang. Currently an all-round, rapid development of the strategic partnership between the two countries is underway, he said.     China will make great efforts along with Russia, to fulfill in all aspects the major consensus reached between the two leaders during the London summit, further enhance strategic cooperation, deepen practical cooperation in all fields, and continuously promote the China-Russian strategic partnership of cooperation.     Yang, arriving at Moscow on Sunday, also met with Russian Federation Council Speaker Sergei Mironov on Monday.

BEIJING, April 21 (Xinhua) -- A senior Chinese official Tuesday called for steady, active efforts to build a just, efficient and authoritative socialist judicial system.     Zhou Yongkang, member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, made the comment when presiding over a meeting here on judicial reform and work.     He called for intensified efforts to implement the decisions of the CPC Central Committee, get an accurate understanding of the right direction of reform, and carry out research and analysis.     Deepening judicial reform serves the urgent needs to consolidate state power, carry out the basic policy of governing the country by law, and to ensure social fairness and justice, according to Zhou, who is also the secretary of the CPC Central Political and Legislative Affairs Committee.     Judicial reform matters China's long-term stability, social harmony and stability, as well as direct interests of the public and the development and progress of the country's political and legislative work, he stressed.     Reform should reflect opinions and suggestions from all social strata and be in line with national conditions and public opinions, he said.     He also called for efforts to gather the strength and pool the wisdom of the masses in the reform process and ensure reform had practical effects.