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FLORENCE, Italy, May 22 (Xinhua) -- China's top lawmaker Wu Bangguo said here on Friday that China and Italy both have long-standing cultural traditions and should strengthen their cultural exchanges.     Wu, chairman of the Standing Committee of the National People's Congress (NPC) of China, made the remarks while meeting with Riccardo Nencini, president of the local Parliament of Tuscany Region in Italy.     Wu arrived in Florence on Friday afternoon to continue his official goodwill visit to Italy. Wu Bangguo (L2), chairman of the Standing Committee of China's National People's Congress, the country's top legislature, visits the research and development center under the Italian National Agency for New Technology, Energy and Environment (ENEA) in Rome May 21, 2009.    Nencini recalled the visit to Florence by Chinese Premier Wen Jiabao in 2004, saying he is glad to receive yet another senior Chinese leader in the region.     Wu said during Premier Wen's visit some five years ago, the two countries officially launched an all-round strategic partnership. Since then, bilateral links have been growing rapidly. Wu Bangguo (L1), chairman of the Standing Committee of China's National People's Congress, the country's top legislature, visits the research and development center under the Italian National Agency for New Technology, Energy and Environment (ENEA) in Rome May 21, 2009Noting that the two countries share a long-standing friendship, Wu said China and Italy are enjoying the best ever period of their relationship in history.     In a review of his meetings with leaders of the Italian government and parliament during this visit, Wu said the two sides share a strong will to further advance bilateral links and cooperation.     Nencini said the Tuscany Region has forged friendly relations with a number of provinces and municipalities in China. In the past years, the Tuscany Region has developed close trade and economic links with China, as well as vigorous cultural exchanges.     Nencini hopes that the region would continue to explore broader areas of cooperation with China, including university education.     Wu will conclude his visit on Sunday.

BEIJING, July 7 (Xinhua) -- Chinese banks have been active in transacting yuan cross-border settlement after the first deal was made Monday.     The Industrial and Commercial Bank of China (ICBC) said Tuesday it had dealt with yuan cross-border settlement totaling 17 million yuan (2.49 million U.S. dollars) in two days.     Many banks in Guangdong Province were active in dealing with yuan cross-border settlement. The Bank of China Guangdong branch transacted yuan cross-border settlement totaling 7.96 million yuan (1.17 million U.S. dollars) Tuesday.     "Guangdong Province has a large economic scale and is highly dependent on foreign trade. Yuan cross-border settlement could help enterprises avert exchange rate risks and reduce costs," said Cao Licong, deputy governor of the BOC Guangdong branch.     "The service is favored by enterprises and will be promising in the future," said Hu Ye, deputy governor of the ICBC Guangdong branch.     China launched its first yuan cross-border settlement Monday.     China's State Council, or Cabinet, announced in April a pilot program to allow exporters and importers in Shanghai, and southern Guangzhou, Shenzhen, Zhuhai and Dongguan cities to settle cross-border trade deals in Renminbi (RMB), or yuan.     China last week issued detailed regulations for the pilot program for cross-border trade settled in yuan. The rules specified how to make transactions using yuan to settle trade with Hong Kong and Macao and regional trade partners.

BEIJING, May 22 (Xinhua) -- Chinese President Hu Jintao urged Friday to build a powerful air force to meet the demands of the People's Liberation Army (PLA) for missions in the 21th century.     Hu, also general secretary of the Communist Party of China (CPC) Central Committee and chairman of the Central Military Commission (CMC), made the remark when meeting delegates of the 11th CPC Congress of the PLA Air Force in Beijing.     Hu asked the Air Force's officers to constantly improve the ability to win local wars as well as accomplish diversified military tasks. Chinese President Hu Jintao delivers a speech as he meets with the delegates to the 11th Congress of the Communist Party of China of the Chinese Liberation Army Air Force, in Beijing, capital of China, May 22, 2009. He urged the acceleration of modernizing the air force which is an important component of the country's armed forces.     The president said the Air Force has done outstanding jobs in accomplishing various tasks given by the Party and the people, and made great contribution to national security and development.     Hu also stressed that the Air Force should enhance the message of loyalty to the Party among all officers and soldiers as an essential part of their military training.     The PLA Air Force was founded in 1949.

BEIJING, April 24 (Xinhua) -- The People's Liberation Army (PLA) Navy should comprehensively push forward its modernization to constantly enhance its capability to carry out its missions in the new century and new phase, Chinese President Hu Jintao said here Friday.     Hu, also chairman of the Central Military Commission, made the remarks when meeting with veteran officers and model soldiers of the PLA Navy Friday night, a day after the 60th anniversary of the founding of the PLA naval force.     Hu first paid respects to the veteran officers and model soldiers for their contributions to the development of the navy and extended regards to all members of the navy. Chinese President Hu Jintao (R Front) shakes hands with fighting hero Mai Xiande during his meeting with representatives of veterans, heroes and models of the Navy of the Chinese People's Liberation Army (PLA) in Beijing, capital of China, April 24, 2009, on the occasion of the 60th anniversary of the founding of the PLA Navy.     He expressed his hope that these officers and soldiers would continue to play a leading role in contributing wisdom and strength to the navy's development.     Through six decades of development, a relatively modern naval force consisting of combined arms had taken shape thanks to the leadership of the Communist Party of China Central Committee, the Central Military Commission, the support of the people, and unremitting efforts by naval officers and soldiers, Hu said.     The navy had played an important role in protecting China's sovereignty, national security and territorial integrity, promoting the reform and opening up drive and socialist modernization, and safeguarding world peace and development, he said.     The president expressed hope that the navy would achieve further development.     Thursday morning, Hu reiterated that the country's military build-up was purely defense-oriented.     In a meeting with heads of 29 foreign navy delegations gathered for the PLA Navy's anniversary celebration, Hu pledged that China's armed forces, including the navy, would never be a threat to other nations.     China would always be an important force in safeguarding world peace and development, he said.     "For now and in the future, China would never seek hegemony, nor would it turn to military expansion or arms races with other nations," he said.

BEIJING, May 15 (Xinhua) -- China has called for the EU to recognize its market economy status soon, said Yao Jian, spokesman for China's Ministry of Commerce (MOC) here Friday.     China's Commerce Minister Chen Deming will attend the 11th China-EU Summit in Prague in the Czech Republic next week, Yao said.     The summit will address China's desire to be recognized as full market economy by the EU soon, the limitation on high-tech exports to China from the EU and bilateral economic cooperation, Yao said.     China need not be recognized by any country in terms of market economy as a concept, but market economy status is a technicality that will help China receive fair treatment in anti-dumping investigations, Yao said.

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