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ALGIERS, Nov. 4 (Xinhua) -- Visiting top Chinese legislator Wu Bangguo held talks Wednesday with Abdelaziz Ziari, speaker of the Algerian National Assembly, on issues of common concern and they agreed to boost bilateral relations and cement cooperation between the two parliaments. China and Algeria always handle the bilateral relations from a strategic perspective, said Wu, chairman of the Standing Committee of China's National People's Congress (NPC), highlighting that the relations have endured the test of time since the two countries established diplomatic relations 50 years ago. Wu expressed his appreciation of Algeria's adherence to the one-China policy, noting that China respects the choice Algerian people have made on path to develop their own nation. China feels satisfied with the current bilateral cooperation especially with the two-way collaboration at multilateral occasions on issues of UN reform, human rights and anti-terrorism, he said. Wu offered a four-point proposal to promote China-Algeria relations: firstly, maintain high-level exchange and increase political mutual trust; secondly, expand the substantial cooperation especially in infrastructure, agriculture and energy for mutual benefit; thirdly, intensify the exchange on humanitarian issues to carry out the traditional friendship; and lastly, strengthen coordination with an aim to safeguard the common interests. Ziari, for his part, called Wu's visit to Algeria "a big event "for the bilateral relations and "a symbol" marking a higher level of the inter-parliamentary cooperation. The speaker agreed with Wu's views on the bilateral relations and recalled the fact that China was the first non-Arab country who recognized Algeria's independence and forged the diplomatic relations with it, while expressing his gratitude to China's assistance to Algeria's national development. Wu Bangguo(2nd L, front), chairman of the Standing Committee of China's National People's Congress, and Abdelaziz Ziari (2nd R, front), Speaker of the Algerian National Assembly, sign on a memorandum on the exchange and cooperation between the top legislatures of China and Algeria in Algiers, Algeria, on Nov. 4, 2008.Algeria and China shared a solid foundation to foster ties and Algeria would unswervingly support China's constructive role on world affairs and make joint efforts with China to transfer the political will of developing ties into real actions so as to enrich the bilateral cooperation and enhance the strategic and cooperative ties, Ziari said. On the inter-parliament cooperation, Wu said one of his main purposes of the visit is to further promote the friendly relations between the two parliaments and push forward the cooperation among the various special inter-parliamentary committees and friendly groups. Ziari highlighted the commitment of the Algerian National Assembly to promoting the friendly relations with the NPC, calling on the two sides to boost cooperation so as to inject new vitality into the bilateral cooperation. The two parliament leaders also signed a memorandum on the inter-parliamentary cooperation after the talks. Wu, who is on the first leg of his five-nation Africa tour, also met with Algerian President Abdelaziz Bouteflika in the day. Wu spoke highly of the bilateral relations, saying the ties between the two nations are "in their best time." Wu said the good political relations should work effectively to promote the development of the trade cooperation, pledging that China would make concerted efforts with Algeria to step up cooperation with mutual benefit and give a fully play to the two business communities especially on some big projects which could help push forward the overall development. Wu Bangguo (L, front), chairman of the Standing Committee of China's National People's Congress, meets with Algerian President Abdelaziz Bouteflika in Algiers, Algeria, on Nov. 4, 2008.The Chinese government would encourage Chinese enterprises with good reputation to start their business and invest in Algeria, and it also welcomes Algerian companies to further their investment, Wu told Bouteflika. Echoing Wu's views, Bouteflika said China is a sincere friend of Algeria, noting that the North African country expects to work closely with China and hopes to see more Chinese enterprises to invest in Algeria. Algeria and China should work together on such fields as energy and resource, infrastructure and telecommunication, the president added. The two leaders also called on the concerned parties of the China-Africa Cooperation Forum to strengthen their cooperation to further carry out the agreements inked at the Beijing Summit and focus on the next-phase cooperation at an early date.

ADDIS ABABA, Nov. 9 (Xinhua) -- China's top legislator Wu Bangguo said here Sunday that China's relations with Ethiopia have been developing quite rapidly in recent years and have been pushed up to a higher level. He made the statement during talks with Speaker of Ethiopian Council of People's Representatives Teshome Toga. "Since our countries established foreign relations with each other, especially, since their comprehensive cooperation partnership was formed in 2003, high-level exchanges between our two countries have been more frequent and bilateral trade has been shooting up," Wu said. "Now our relations have ushered in a new era," he added. Wu said that both China and Ethiopia are developing countries and therefore face the similar issues such as economic development. The rapid booming of both economies have provided new opportunities for deeper and wider cooperation. "This is conducive to the welfare and the basic interests of both countries and peoples, as well as constructive to world's peace and prosperity," Wu said. The Ethiopian speaker agreed with Wu's comments on relations of the two countries and said that Wu's Africa tour, especially, the visit to Ethiopia, is of high importance and can further boost bilateral ties. Teshome Toga also thanked China for its unconditional support for Ethiopia, adding that the two countries can cooperate better in trade, investment and finance sectors. He said that Ethiopia will, as it has done in the past, continue to stick to "One China" policy and Wu expressed his appreciation for his Ethiopian counterpart's firm commitment as such. Wu is on a five-African nation tour. Ethiopia is the third leg of his two-week-long visit to Africa.
BEIJING, Oct. 31 (Xinhua) -- Chinese shares dropped 1.97 percent on Friday, the month's last trading day. The benchmark Shanghai Composite Index lost 1.97 percent, or 34.82 points, to close at 1,728.79. The Shenzhen index was down 1.19 percent, or 70.33 points, to close at 5,839.33 points. The combined turnover was 35.23 billion yuan (5.03 billion U.S.dollars), compared with 49.35 billion yuan on the previous trading day. Losses outnumbered gains by 656 to 199 in Shanghai and 576 to151 in Shenzhen. Almost all sectors fell except industries related to aircraft making after the Commercial Aircraft Corporation of China Ltd. (CACC) announced Chinese indigenous regional jets would be sold to the United States, analysts said. CACC is not a publicly traded company. Coal companies suffered the most losses. Kailuan Clean Coal Co.lost 7.21 percent to 10.3 yuan. Taiyuan Coal Gasification Company fell 4.34 percent to 7.50 yuan. "I don't think the fall was related to recent mine accidents. It was a reflection of diminishing global energy demand," said Alex Xue, analyst with JL McGregor & Company. The finance sector also dropped by an average of 3 percent. CITIC securities lost 2.46 percent to 17.84 yuan. Bank of Communications fell 4.20 percent to 4.33 yuan. According to estimates from Friday's China Securities News, third-quarter profits of the country's 1,466 listed companies would fall 10.17 percent from the same period a year ago and 18.41 percent from the previous month to 206.09 billion yuan. Operating net cash flow fell 51.75 percent to 827.4 billion yuan in the first three quarters. Analysts said rising material costs and weakening demand led to slumping profits. The country's industrial output value growth slowed to 11.4 percent in September, the lowest rate since April 2002, the National Development and Reform Commission said on Thursday. Despite the latest rate cut, which was viewed as helpful to stabilizing the stock market, analysts said the market could possibly continue falling. The long-term affects from the rate cut are yet to been seen.
CHENGDU, Jan. 26 (Xinhua) -- Premier Wen Jiabao extended Lunar New Year greetings on behalf of the government and joined holiday festivities in quake-hit Sichuan Province in southwest China over the weekend. Wen visited villagers, students, medical workers and police in Beichuan, Deyang and Wenchuan, which were among the worst-hit areas in the 8.0-magnitude quake that struck on May 12. It was Wen's seventh visit to the province since the quake, which was centered in Wenchuan County. The earthquake left more than 69,000 people dead, 374,000 injured, 18,000 missing and millions homeless. Wen started with a visit to Wang Chengyi's home on Saturday afternoon. Wang, a middle-aged villager of Qiang nationality, lives in a newly-built Qiang village in Beichuan County. Chinese Premier Wen Jiabao (C) talks to women of Qiang ethnic group at Maoershi Village, Leigu Township of Beichuan County, southwest China's Sichuan Province, Jan. 24, 2009. Wen Jiabao came to the quake-hit counties of Beichuan, Deyang and Wenchuan in Sichuan Province on Jan. 24 and 25, celebrating the Spring Festival with local residents. He told the premier that his new home was built with more than 20,000 yuan (2,940 U.S. dollars) of government subsidies, 50,000 yuan of interest-free loans and some of his own savings. Chinese Premier Wen Jiabao (R) cooks at a kitchen shared by several families at the prefabs in Yingxiu Township of Wenchuan County, southwest China's Sichuan Province, Jan. 25, 2009. Wen Jiabao came to the quake-hit counties of Beichuan, Deyang and Wenchuan in Sichuan Province on Jan. 24 and 25, celebrating the Spring Festival with local residents "It is like a dream for me to celebrate the Lunar New Year in anew house," he said. Wen wished the family a warm and happy holiday. The premier then went to the village square to attend the traditional Qiang new year's celebration. "I hope that all the Qiang people will be happy and healthy, and the Qiang culture will thrive forever," Wen told the villagers. He had dinner at the Beichuan Middle School and encouraged the students to work hard for the future. More than 1,000 of the school's 2,900 students and teachers died in the earthquake. On Sunday morning, Wen visited new homes in Deyang City's Xinyu Village. He watched a lion dance and played table tennis with villagers. Wen also visited medical workers at the Deyang City People's Hospital and extended televised greetings to police and firefighters in Sichuan. At Dongfang Steam Turbine Works, a large state-owned enterprise, he urged employees to have confidence in Dongfang's development in spite of the quake destruction and global financial crisis. Wen then visited Yingxiu Town in Wenchuan County, the epicenter of the quake. In a community of makeshift houses, Wen went into a kitchen shared by the Wu's and two other families and joined them in preparing dinner for the Spring Festival's Eve. He even cooked a dish of Hui Guo Rou (Sauteed sliced pork with pepper) for them. Chinese Premier Wen Jiabao (2nd L) shares the twice-cooked pork slices he cooked with family members of local resident Wu Zhiyuan, in Yingxiu Township of Wenchuan County, southwest China's Sichuan Province, Jan. 25, 2009. Wen Jiabao came to the quake-hit counties of Beichuan, Deyang and Wenchuan in Sichuan Province on Jan. 24 and 25, celebrating the Spring Festival with local residents. The three families of belong to Tibetans, Qiang and Han nationalities. Wen had the dinner with them and exchanged new year's greetings with them. "You will spend this Spring Festival in the prefabricated houses. By the next Spring Festival, you would surely have moved into new houses. We will speed up the reconstruction work...so that all the quake-stricken areas will be even more beautiful than they used to be, and the people here will live a even better life," said Wen.
来源:资阳报