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BEIJING, June 13 (Xinhua) -- China values its traditional friendship with Zimbabwe and hopes to push forward relations between the two countries as well as the two armed forces, said Chinese Defence Minister Liang Guanglie here on Sunday.Liang made the remarks in a meeting with Zimbabwean Commander of Defence Forces Constantine Guveya Chiwenga.Liang hailed the traditional friendship between the two countries. He spoke of Zimbabwe's defence forces as a "good friend and partner" of People's Liberation Army (PLA).Since the establishment of China-Zimbabwe diplomatic ties 30 years ago, cooperation between the two nations had continuously deepened in the areas of politics, economics and trade, culture, education and health, Liang said.China expressed appreciation for Zimbabwe's firm adherence to the one-China policy and its support to China's peaceful reunification, said Liang. He also thanked Zimbabwe for support on issues concerning China's core and major interests.Chiwenga expressed appreciation for China's long-standing support to Zimbabwe in various areas. He reaffirmed that his country would continue to stick to the one-China policy and was willing to further enhance exchanges and cooperation between the two armed forces.He also said Zimbabwe attached great importance to cooperation with China, and hoped to strengthen friendly cooperation with China within the framework of China-Africa Cooperation Forum.Earlier Sunday, Chiwenga also met with Chief of the General Staff of the PLA Chen Bingde.
BEIJING, June 21 (Xinhua) -- China's announcement that it would allow more flexibility in its yuan exchange rate meant an end to the crisis-mode policy the government took to cushion the blow from the global financial crisis, experts interviewed by Xinhua said Monday.The People's Bank of China, also known as the central bank, said Saturday that it decided to proceed even further with the reform of the Renminbi exchange rate to add flexibility to the RMB exchange rate.The decision was made in view of the recent economic situation and financial market developments at home and abroad, as well as due to the balance of payments situation in China, the central bank said. However, it ruled out a one-off revaluation of the yuan as there was no basis for large changes in its value.Experts noted it was the correct time for the exchange rate policy to return to its normal state, given the consolidated economic recovery, large decline in trade surplus and more balanced international payments.Zhao Xijun, deputy dean of the School of Finance with the Renmin University of China, said the normalization of China's exchange rate policy would intensify China's economic connection to the global economy and help promote the country's economic restructuring and adjustments of its development mode.China moved to a managed floating exchange rate regime in July 2005 which was based on market supply and demand and referencing a basket of currencies. The reform of the RMB exchange rate has made continuous progress since then, producing the anticipated results and playing a positive role.The financial crisis which broke out in the United States in 2008 shook the global financial markets and dented investment confidence. To counter fallout from the economic turmoil, nations rolled out their crisis-mode measures.Zhou Xiaochuan, governor of the central bank, said in March that the exchange rate policy China took amid the crisis was part of the government's stimulus packages, and would exit "sooner or later" along with other crisis-measures.China's economy expanded at 11.9 percent year on year in the first quarter of this year and exports surged 48.5 percent in May, government data showed.Zhao said China narrowed fluctuation of the RMB exchange rate to stabilize market sentiment and stimulate economic growth amid crisis, which was in the interests of China and contributed to the country's economic recovery.During the worst of the global crisis, exchange rates of a number of sovereign currencies to the U.S. dollar depreciated by large margins while the yuan kept stable. Against these depreciating currencies, the value of the yuan has been rising."Undoubtedly, it improved the trade environment for these countries and helped them through hard times," Zhao said, noting the policy contributed significantly to the Asian and global recovery."Narrowing the fluctuation of the yuan's value was the best exchange rate policy China could take during the crisis period, which gave export businesses a stable expectation of the yuan's value and reduced costs caused by a volatile currency," said Xiang Songzuo, Deputy Director of the Center for International Monetary Research at Renmin University of China.The central bank's move also intended to increase competitiveness of export businesses and accelerate economic restructuring.Zhao said when the RMB exchange rate regime becomes more market-oriented, China's export businesses should take more responsibilities and become more self-reliant.The central bank said Sunday that the management and adjustment of the yuan exchange rate would occur gradually, which was necessary to give export businesses time to adjust their business structures and create more jobs in the service sector.Cao Honghui, senior researcher with the Institute of Finance and Banking under the Chinese Academy of Social Sciences, said the further proceeding meant China would rely more on domestic demands for economic growth, which would push forward adjustments of the global economic structure.The central parity of the Renminbi against the U.S. dollar remained at 6.8275 Monday, unchanged from the previous trading day, according to the China foreign Exchange Trading System.
KABUL, July 20 (Xinhua) -- Chinese Foreign Minister Yang Jiechi on Tuesday called for continued support of the international community to the war-torn Afghanistan."We want to see a peaceful, stable and independent Afghanistan that enjoys development and good neighborhood," Yang said addressing one-day international conference on Afghanistan in the Afghan capital Kabul."We should respect Afghanistan's sovereignty, and work together for the realization of Afghanistan run by the Afghans," he stressed.To achieve the goal, he proposed four points including ensuring security, political reconciliation, speeding up economic reconstruction and enhancing international cooperation."We call on international community to channel more assistance to infrastructure and other projects that will bring immediate benefit to ordinary Afghans," Yang said.He added that it is important to enhance coordination between regional and international cooperation so that they will complement and reinforce each other.The international community, he said, should remain committed to bringing durable peace and stability to Afghanistan. He also urged the international community to provide more help to Afghanistan in capacity-building and human resources development.China had contributed more than 900 million Yuan (over 123 million U.S. dollars) besides canceling 19.5 million U.S. dollars worth of debt owed by Afghanistan from 2002 to 2009.The first ever international conference hosted by post-Taliban Afghanistan with the participation of United Nations Secretary General Ban Ki-moon and some 40 foreign ministers among other delegates from over 70 countries and international organizations wrapped up with renewing support to Afghanistan.
BEIJING, Aug. 1 (Xinhua) - China will deliver humanitarian aid worth 10 million yuan (1.48 million U.S. dollars) to flood-ravaged Pakistan, China's Ministry of Commerce (MOC) announced Sunday.The charitable assistance was offered to help Pakistan' s government fight the flooding and rescue victims, the MOC said in a brief statement posted on its website.The Pakistan government kicked off an emergency rescue and relief operation on July 30 after declaring an emergency in the flood-struck northwestern province of Khyber Pakhtunkhwa (KP).
ISTANBUL, Turkey, June 8 (Xinhua) -- Chinese President Hu Jintao's special representative and State Councilor Dai Bingguo and Turkish President Abdullah Gul on Tuesday vowed to boost bilateral ties and increase exchanges of visits by leaders and senior officials.Dai met with Gul on the sidelines of the third summit of the Conference on Interaction and Confidence-building Measures in Asia (CICA) here. Turkey held the rotating presidency of the 20-member forum.Dai said Israel's recent raid on a Turkish humanitarian aid convoy heading to beseiged Gaza, which had resulted in deaths, should be condemned, and he also offered condolences to those affected.Turkish President Abdullah Gul (R) talks with China's State Councillor Dai Bingguo (L) who is also a special representative of Chinese President Hu Jintao during a meeting in Istanbul, Turkey, June 8, 2010. China was glad to see Turkey enjoying rapid development and increasing international influence, Dai said, noting the positive and strong development of relations between the two countries in recent years.China attached great importance to the relations with Turkey and had been trying to handle them with a strategic and long-term approach. China was willing to work with Turkey for more visits by leaders and senior officials, more political trust and closer cooperation, he said.Gul said he was pleased to see efforts to implement the consensus reached between him and President Hu on boosting relations between China and Turkey.He noted the strong and rapid development of the bilateral friendship and cooperation, including the quick growth of Turkish exports to China.The president said Turkey attached great importance to developing relations with China, and hoped to strengthen coordination with it in international affairs.Turkey looked forward to increasing exchanges of visits by leaders and senior officials and boosting bilateral cooperation, he said.