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CAIRO, Sept. 26 (Xinhua) -- Chinese and Egyptian industry officials vowed closer bilateral economic ties on Sunday with the signing of an industrial cooperation agreement.Egyptian Minister of Trade and Industry Rachid Mohamed Rachid met with Chinese Minister of Industry and Information Technology Li Yizhong. Both talked about the expansion and improvement of bilateral trade and economic cooperation.Rachid told reporters that he hoped the new agreement would pave the way for more cooperation in different industry sectors including manufacturing of cars components, textiles, petrochemicals, electronics and technology."This agreement includes the process of sharing technology and increasing investment in the industrial sector and training of workers as well as helping Egyptian companies promote their products in the Chinese markets," said the Egyptian minister.The agreement also included the formation of an Egyptian- Chinese task force that takes the responsibility of sharing information and experiments in the industrial sectors and encouraging Egyptian and Chinese firms to establish joint ventures in different areas of cooperation, according to Rachid.Rachid said that Egypt wanted to benefit from the successful Chinese experience in the industrial sector.Egyptian Prime Minister Ahmed Nazif also met with the Chinese minister. The prime minister said Egypt shows great interest in boosting cooperation with China.The bilateral trade between Egypt and China increased from 3 billion U.S. dollars in 2006 to 6.24 billion dollars in 2008, according to Chinese Ambassador to Egypt Wu Chunhua.By the end of last year, Chinese investment in Egypt exceeded 500 million U.S. dollars. Chinese auto companies such as Chery Automobile and Brilliance Automobile have had assembly lines here in Egypt.Rachid expected that the Egyptian-Chinese cooperation would witness a great milestone in all sectors, particularly the trade and industry relations thanks to exchanges in the economic and political levels.

SHANGHAI, Oct. 30 (Xinhua) -- China said it would continue close cooperation with the United Nations as Ban Ki-moon, the UN Secretary-General, visited Shanghai Saturday.In talks with Ban Saturday night, Chinese Foreign Minister Yang Jiechi applauded UN' s important role in world affairs and expressed China's support to and participation in the organization's work."China stands ready to maintain close coordination and cooperation with the UN. We will give the organization and the Secretary-General strong support," Yang told Ban.The UN chief thanked China's backing to the UN and himself and expressed willingness to further cooperation with China.Congratulating China on the success of the World Expo, Ban said he had a "most impressive" day in Shanghai Saturday by seeing the "biggest expo" in his life.Ban visited pavilions including the UN, China, Republic of Korea and the Democratic People's Republic of Korea. He will attend the World Expo closing ceremony and opening ceremony of World Expo Summit Forum slated for Sunday.Yang and Ban also exchanged views on Millennium Development Goals (MDG), climate change and other international and regional affairs.

UNITED NATIONS, Sept. 23 (Xinhua) -- Chinese Premier Wen Jiabao met with U.S. President Barack Obama here on Thursday, focusing on bilateral ties and regional and world issues and calling for more cooperation.China and the United States can deepen their cooperation on significant international affairs and major regional issues as well as on efforts to handle global financial woes and climate change, Wen said.He said China and the United States could forge an even closer and wider-ranging trade and financial relationship. Chinese Premier Wen Jiabao (L) meets with U.S. President Barack Obama in New York, the United States, Sept. 23, 2010.At the beginning of the meeting, Wen said the China-U.S. relationship has advanced beyond the bilateral scope and has a major impact on the world.The common interests of the two countries far outweigh their differences, Wen said.Although there exist differences between China and the United States, the problems can be well solved through dialogue and cooperation, the premier said.The meeting at the United Nations added to the increasing number of meetings held between Chinese and American leaders since Obama took office in 2009.

BEIJING, Sept. 13 (Xinhua) -- Chinese Vice Premier Li Keqiang Monday called for international cooperation to deal with economic challenges and achieve common development.Li made the remarks at a seminar here marking the 30th anniversary of China's cooperation with the World Bank. During his speech he urged nations to continue opening markets while removing trade and technology barriers.Li reiterated China's stance on opening up and reform, pledging the country would continue to import advanced technologies, equipment, experience, talent and capital while creating a fair business environment for all enterprises.Chinese Vice Premier Li Keqiang addresses the Conference ot the 30th Anniversary of China-World Bank Cooperation in Beijing, Sept. 13, 2010.China would protect intellectual property and grant foreign-funded companies equal treatment, Li added.He also said China would step up the transformation of economic growth mode, which would rely on the nation's opening up and institutional reforms.Li praised the World Bank's efforts on reducing poverty and said China would continue to support the World Bank to make new contributions to world development and prosperity.

BEIJING, Nov. 3 (Xinhua) -- China's banking regulator on Tuesday said the banking industry, pillar of the nation's financial system, has an important role to play in transforming the country's economic growth pattern as it highlighted four areas in boosting the process.Jiang Dingzhi, vice chairman of the China Banking Regulatory Commission, on Tuesday urged more efforts be made by the nation's banking sector in expanding consumption-related loans amid the government calling to boost domestic consumption.More channels should be opened to meet the varied consumption needs from residents as financial support should lean on the construction of affordable housing. Loans to property developers who make small and medium-sized homes at medium and low prices should be met, but be restricted to them for speculative purposes, Jiang said.Also, the structure of bank credit should be further optimized in line with the restructuring of the nation's economy, Jiang said at an industrial forum held here Tuesday.This could mean polluting and energy-intensive companies may face more difficulties in obtaining loans from banks.Meanwhile, Jiang urged banks to improve their financial services in the rural areas in China as part of the coordinated development between the rural and urban areas.Further, Jiang said banks should work to improve the availability of financial support for small-sized companies and low-income residents.Jiang said total outstanding bank loans to small-sized companies stood at 7.1 trillion yuan (1.1 trillion U.S. dollars) by the end of September, an increase of 22.3 percent, or 1.3 trillion yuan, compared to the beginning of the year.The growth rate was higher than the average 14.5 percent increase of new loans for all companies during the period, Jiang said.