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BEIJING, Aug. 26 (Xinhua) -- Chinese Vice Premier Li Keqiang has stressed the development of the service industry as part of the government's efforts to promote economic restructuring and to accelerate the transformation of its economic development pattern.Li made his remarks at a meeting focusing on the development and reform of the service industry sponsored by the National Development and Reform Commission (NDRC) on Thursday.The service industry is not only conducive to expanding job opportunities, but also has a low cost of resources, Li said.He further called on local authorities to be innovative in using their regulatory systems to shore up the development of the service industry.Representatives from Shanghai, and provinces of Liaoning, Jiangsu, Hubei and Sichuan explained their experiences in creating service industries.

BEIJING, Sept. 10 (Xinhua) -- China's financial sector should better serve the transformation of economic growth pattern in the country while keeping high alert on possible risks, Vice Premier Wang Qishan said Friday.Wang said the financial sector should give full play to monetary policies and continue to optimize lending structures to boost weak points like agricultural sectors, small enterprises and innovation.Lending to sectors with excessive energy consumption, high emission of pollutants, or with overcapacity, must be strictly limited, he told a group of provincial or ministerial-level officials who attended a training seminar in Beijing.The seminar closing on Friday focused on how to promote the reform of financial sector in China while guarding against financial risks, which Wang said was highly necessary considering current situation.Wang urged officials at various levels to continually learn to upgrade their knowledge and working abilities in the financial sector.As China's financial sector was still in an initial growth phase, it should unswervingly boost reforms and its opening-up, promote mechanism innovation and complete the development of the financial market system, he said.

LISBON, Nov. 8 (Xinhua) -- Chinese President Hu Jintao's two-day visit to Portugal is believed to help turn a new page in bilateral relations.Portuguese President Anibal Cavaco Silva, who extended a sincere welcome to his Chinese counterpart, said the visit was of great importance and would push forward bilateral cooperation and friendship.Hu wound up his visit to Portugal on Sunday.Apart from Silva,

BEIJING, Sept. 27 (Xinhua) -- Chinese Vice Premier Wang Qishan Monday pledged to work with Cuba to lift the friendly bilateral relationship to a new level.Wang made the remarks while meeting with Ricardo Cabrisas Ruiz, Vice President of the Council of Ministers of Cuba.Cabrisas is in China to celebrate the 50th anniversary of the establishment of diplomatic ties between the two nations.Cuba was the first Latin American nation to forge diplomatic relations with China, in 1960.Wang spoke highly of the development of China-Cuba ties over the past half a century, noting that the two countries have always supported each other and enjoyed frequent high level visits.China will work with Cuba to expand win-win cooperation and strengthen economic and trade links with a view to further advancing bilateral ties, Wang said.Wang said China will continue to help Cuba within its capacity.Cabrisas thanked China for offering economic and technological assistance to his country.He said Cuba will make concerted efforts with China to promote pragmatic cooperation in various sectors while pushing forward the existing sound bilateral relationship.

BEIJING, Oct. 14 (Xinhua) -- China and the Democratic People's Republic of Korea (DPRK) Thursday lauded traditional friendship and agreed to step up cooperation between the two countries and two armed forces to a higher level."China and the DPRK have respected and helped each other for years," said Chinese Defense Minister Liang Guanglie, citing consolidated and deepened cooperation and precious friendship between the two countries.Liang made the remarks in his meeting with a visiting DPRK military delegation led by Vice Minister of DPRK People's Armed Forces Pyon In Son.Both China and the DPRK are facing tasks of promoting their own development, and safeguarding common interests and the regional peace and stability, Liang said.China would like to work with the DPRK to strengthen exchanges and enhance coordination for the further development of relations between the two countries and two militaries, Liang added.Pyon told Liang that the DPRK side wishes to further its friendly cooperation with China in various fields and lauded the friendship created by the old generations of leaders of both countries.Pyon said his delegation had witnessed achievements China has made in its socialist construction and military development during the trip.The delegation, invited by Chinese People's Liberation Army (PLA), will also pay a visit to southwest China's Yunnan Province.