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ASHGABAD, June 18 (Xinhua) -- He Guoqiang, member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee met here on Friday with Akja Nurberdiyeva, chairperson of the Mejlis, or the Turkmen parliament.He, also secretary of the CPC's Central Commission for Discipline Inspection, said parliamentary exchanges constitute an important component of the bilateral ties and play a significant role in promoting cooperation in all areas and friendship between the two peoples.He said China would like to promote parliamentary cooperation with Turkmanistan to make new contribution to the bilateral ties.Nurberdiyeva said the main task of the Turkmen parliament is to ensure the political, economic and social development of the country, and it will promote exchanges with the Chinese National People's Congress and learn from each other so as to achieve common progress.He Guoqiang, member of the Standing Committee of the Political Bureau of the CPC Central Committee, meets with with Akja Nurberdiyeva, chairperson of the Mejlis, or the Turkmen parliament in Ashgabad, June 18, 2010. Also on Friday, He met with the first secretary of the political committee of the Turkmen democratic party Kasymguly Babayev. He made three-point proposal on further party-to-party exchanges -- to maintain the exchanges of the high-level visits to promote mutual understanding and trust; to exchange experience on the governance of the party and country to achieve common prosperity; to promote the contacts between the young politicians.Babayev said the Turkmen democratic party and the CPC should enhance cooperation to contribute to the development of Turkmenistan-China ties. Turkmenistan is the last leg of He's five- nation tour. He already visited Italy, Iceland, Norway and Lithuania. He will conclude the visit to Turkmanistan and return to Beijing on Saturday.

BEIJING,Aug 9(Xinhuanet) -- China's high savings rate is expected to fall substantially in coming years as its workforce shrinks, the population ages and social security spending increases, a BIS report shows.In research published by the Bank for International Settlements (BIS) on the “myth and reality” of China’s savings rate, Ma Guonan and Wang Yi found that the Asian giant needs its population to spend more in order to sustain rapid economic growth in coming years.The researchers, who were writing in their personal capacity, also reject claims that Chinese State firms have been benefiting from high savings thanks to exchange rate distortions and subsidies designed to drive economic growth.They point out that “less advantaged” and more efficient firms have been the ones posting the greatest gains in earnings in recent years rather than State-owned companies.China’s gross national savings soared from 39.2 percent of output in 1990 to 53.2 percent in 2008, far higher than the United States, which saved only 12.2 percent in 2008.Even compared to other Asian giants — Japan with 27 percent in 2007 and India with 33.6 percent in 2008 — China’s share of savings as a percentage of gross domestic product (GDP) is significantly larger.Nonetheless, the population and social trends that have underpinned China’s growth and savings rates are likely tail off significantly over the next decade, the two Chinese researchers argued.In the wake of the global slump, world leaders and economists have been asking China to spend more, rather than pin its economic growth on exports to the West, in order to help address world trade imbalances.Ma, a BIS economist and Wang, who is from the Chinese central bank, said however that the current savings trend by Chinese households will not last.The swelling working population in recent years has boosted savings in recent years, they said.In addition, large-scale corporate restructuring between 1995 and 2005 increased job uncertainty, forcing workers to set aside more money in case they were fired. The lack of a social safety net also pushed workers to make “precautionary savings.”Beyond households, government savings have also been increasing in tandem, as more is being set aside to meet pension needs which are expected to rise significantly as the population ages.However, these trends are expected to be reversed in coming years.“It is reasonable to assume that the large-scale labor retrenchment observed during 1995 to 2008 is by and large been behind us,” say the researchers.In addition, China is expected to enter into a phase of “accelerated population ageing within a decade.” This means that the workforce will decline, leading to a fall in overall income and therefore savings.At the same time, infrastructure spending is expected to continue, in order to provide for the ageing population and the urbanization of the country.

ASHGABAD, June 18 (Xinhua) -- He Guoqiang, member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee met here on Friday with Akja Nurberdiyeva, chairperson of the Mejlis, or the Turkmen parliament.He, also secretary of the CPC's Central Commission for Discipline Inspection, said parliamentary exchanges constitute an important component of the bilateral ties and play a significant role in promoting cooperation in all areas and friendship between the two peoples.He said China would like to promote parliamentary cooperation with Turkmanistan to make new contribution to the bilateral ties.Nurberdiyeva said the main task of the Turkmen parliament is to ensure the political, economic and social development of the country, and it will promote exchanges with the Chinese National People's Congress and learn from each other so as to achieve common progress.He Guoqiang, member of the Standing Committee of the Political Bureau of the CPC Central Committee, meets with with Akja Nurberdiyeva, chairperson of the Mejlis, or the Turkmen parliament in Ashgabad, June 18, 2010. Also on Friday, He met with the first secretary of the political committee of the Turkmen democratic party Kasymguly Babayev. He made three-point proposal on further party-to-party exchanges -- to maintain the exchanges of the high-level visits to promote mutual understanding and trust; to exchange experience on the governance of the party and country to achieve common prosperity; to promote the contacts between the young politicians.Babayev said the Turkmen democratic party and the CPC should enhance cooperation to contribute to the development of Turkmenistan-China ties. Turkmenistan is the last leg of He's five- nation tour. He already visited Italy, Iceland, Norway and Lithuania. He will conclude the visit to Turkmanistan and return to Beijing on Saturday.

BEIJING, Aug. 18 (Xinhua) -- China on Wednesday denied claims in a U.S. government report, saying it exaggerated China's military strength."We firmly oppose this report," Chinese Foreign Ministry spokeswoman Jiang Yu said in a press release when asked to comment on the annual report by the U.S. Defense Department.She said the report exaggerated China's military strength, and unfairly blamed China for some problems that exist in the bilateral military relationship."China unswervingly sticks to a path of peaceful development and pursues a national defense policy which is defensive in nature," Jiang said, noting that China is devoted to safeguarding peace and stability in the Asia-Pacific region and the world at large."We urge the U.S side to respect this fact," she said.Jiang also urged the United States to stop issuing such reports on China's military, and work towards improving relations between the two militaries and the two nations, instead of working against China.