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BEIJING, April 29 (Xinhua) -- China's parliament on Thursday adopted the Law on Guarding State Secrets and the amended State Compensation Law at the closing session.Wu Bangguo，chairman of the Standing Committee of the National People' s Congress, or the top legislature, presided over the closing of the four-day bimonthly session.Wu said, the amendment to the State Compensation Law will regulate the use of public power, protect legitimate rights and interests of citizens, legal persons and social organizations. The 14th session of the Standing Committee of the 11th National People's Congress (NPC) concludes in Beijing, capital of China, on April 29, 2010. Wu Bangguo, chairman of the NPC Standing Committee, presided over the concluding meeting.Wu said, the Law on Guarding State Secrets has made clear legal liability in guarding state secrets, which will help safeguard the state security and interests.The legislature also reviewed the report on migrant workers which stressed protecting the rights and interests of this group and improving social services for them. Wu also urged to quicken the pace of urbanization.The Standing Committee reviewed the report on the development of cultural industry which urged greater development of the industry so that it becomes a new engine of economic growth.Wu said the Committee also reviewed the report on road traffic management.

BEIJING, May 4 (Xinhua) -- Chinese equities dropped to a seven-month low Tuesday, after the central bank said Sunday it would raise the deposit reserve requirement ratio (RRR) for most financial institutions for the third time this year.The benchmark Shanghai Composite Index lost 1.23 percent to close at 2,835.28 points.The Shenzhen Component Index fell 1.81 percent to 10,960.77 points.Total turnover shrank to 141.55 billion yuan (20.7 billion U.S. dollars) from 191.91 billion yuan on the previous trading day.Losers outnumbered gainers by 533 to 347 in Shanghai and 488 to 429 in Shenzhen.

BEIJING, April 18 (Xinhua) -- The international community is continuously voicing support for China's relief efforts and praising the government's quick response to the strong quake which hit the country's Qinghai province on Wednesday.Condolences kept on pouring in on Saturday and Sunday from leaders of foreign countries and international, regional organizations, who sent messages of support to the Chinese government and people via phone calls, letters and other ways of communications with the Chinese leaders.Expressing his sympathy, Emperor of Japan Akihito said he was deeply saddened by the heavy casualties and property losses in the quake and wished people in quake zones could quickly rebuild their homeland.Irish President Mary McAleese expressed condolences to the Chinese people, and believed that the unity of the Chinese people would render the most powerful support to the recovery of the affected region.Dutch Prime Minister Jan Peter Balkenende said he appreciated the Chinese government's all-out efforts to carry out relief work under extremely difficult circumstances and hoped people in disaster areas could turn grief into strength, and overcome the disaster as soon as possible.Macedonian President Gjorge Ivanov said he believed that with solidarity and unity, the Chinese people would overcome this disaster.

BEIJING, May 24 -- The United States yesterday pressed China to give "fair access" for foreign companies.At the same time, China stressed the risks both economies faced from Europe's debt woes, ahead of top-level talks in Beijing.Speaking in Shanghai, a day before the start of the Strategic and Economic Dialogue, US Secretary of State Hillary Clinton stressed the importance of American economic concerns for relations with China."In the coming days, officials at the highest levels of our two governments will be discussing issues of economic balance and competition," Clinton said in a speech given in a vast hangar at Pudong International Airport.U.S. Secretary of State Hillary Clinton gives a speech during her visit to Boeing Shanghai Aviation Services Co., Ltd. in Shanghai, east China, May 23, 2010."American companies want to compete in China," she said in front of a Boeing 737. "They want to sell goods made by American workers to Chinese consumers with rising income and increasing demand."Clinton's remarks underscored how large economic concerns will loom at the two-day meeting, jostling for attention with other issues, including North Korea.The US annual trade gap with China fell to US6.8 billion in 2009, down from a record US8 billion in 2008. But the Obama administration is keen to lift exports and employment, and the deficit remains a friction point.In comments published yesterday, China's Finance Minister Xie Xuren said cooperation with the US was all the more important in the face of the European debt crisis."At present, risks from European sovereign debt have increased factors of instability in the course of global economic recovery," Xie wrote an essay published in the Washington Post and on his ministry's Website.China and the US must "each protect macro-economic stability and strengthen macro-economic policy coordination, to consolidate the trend towards global economic recovery," Xie wrote.Xie's remarks jarred those of a senior US Treasury Department official who said ahead of the talks with China that Europe's crisis should have only minimal impact on the global recovery.There has been speculation that China may delay letting the yuan rise in value out of concern that its exports to Europe will suffer.