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KUNMING, Oct. 8 (Xinhua) -- The building of a railway between southwest China's Yunnan Province and Laos will kick off on Oct. 28, according to its Chinese contractor.The 530-km railway, expected to be completed in 2015, will link Mohan port in Dai Autonomous Prefecture of Xishuangbanna and Vientiane, the capital of Laos, said Li Zhanqun, board chairman of the Yunnan Xiaoxiang Pan-Asia Investment Co., Ltd."We would like to use more workers from Laos to help boost the employment market along the railway," Li said.The railway is part of the Trans-Asian railway network, which will cover 114,000 km and travel through 28 countries throughout the region.In 2009, China ratified an agreement on the Trans-Asian Railway Network, which was initiated by the UN Economic and Social Commission for Asia and the Pacific (ESCAP).The agreement came into effect in June 2009.

BEIJING, Oct. 25 (Xinhua) -- China's Ministry of Commerce (MOC) said on Monday it would levy provisional anti-dumping duties of up to 37.5 percent on methanol imported from Indonesia, Malaysia and New Zealand.After a preliminary investigation, the MOC found the three countries had dumped methanol onto the market, causing material damage to Chinese manufacturers.The MOC has imposed provisional anti-dumping duties ranging between 9.3 percent and 37.5 percent effective Oct. 28, according to a news release on its website.The MOC also concluded its investigation into imports from Saudi Arabia, though no evidence of dumping was found.Methanol, also known as methyl alcohol, is used as a basic material to produce chemical products such as plastics, paint, construction materials and windshield cleaning fluid.

BEIJING, Oct. 1 (Xinhua) -- A Chinese Foreign Ministry spokesman on Friday called for concerted efforts from Japan to maintain relations between the two countries.Foreign Ministry spokesman Ma Zhaoxu made the remarks following Japanese Prime Minister Naoto Kan's policy speech Friday, in which he reiterated Japan's territorial claim over the Diaoyu Islands.Ma said the Diaoyu islands and its adjacent islets have been Chinese territory since ancient times.Japan illegally detained Chinese fishermen and seized ship in waters off the Diaoyu Islands and insisted on performing a so-called domestic judicial procedure. Such moves were "absurd, illegal and invalid," Ma said.As a neighbor of Japan, China has always attached importance to developing bilateral ties with Japan, Ma said."I hope Japan will work with China to jointly maintain relations between the two countries," Ma said.In the speech at the opening of an extraordinary Diet session on Friday, Naoto Kan also said amicable ties between Japan and China were vital not only for the two nations but also for the peace and stability in the Asia-Pacific region.

BEIJING, Nov. 3 (Xinhua) -- China's banking regulator on Tuesday said the banking industry, pillar of the nation's financial system, has an important role to play in transforming the country's economic growth pattern as it highlighted four areas in boosting the process.Jiang Dingzhi, vice chairman of the China Banking Regulatory Commission, on Tuesday urged more efforts be made by the nation's banking sector in expanding consumption-related loans amid the government calling to boost domestic consumption.More channels should be opened to meet the varied consumption needs from residents as financial support should lean on the construction of affordable housing. Loans to property developers who make small and medium-sized homes at medium and low prices should be met, but be restricted to them for speculative purposes, Jiang said.Also, the structure of bank credit should be further optimized in line with the restructuring of the nation's economy, Jiang said at an industrial forum held here Tuesday.This could mean polluting and energy-intensive companies may face more difficulties in obtaining loans from banks.Meanwhile, Jiang urged banks to improve their financial services in the rural areas in China as part of the coordinated development between the rural and urban areas.Further, Jiang said banks should work to improve the availability of financial support for small-sized companies and low-income residents.Jiang said total outstanding bank loans to small-sized companies stood at 7.1 trillion yuan (1.1 trillion U.S. dollars) by the end of September, an increase of 22.3 percent, or 1.3 trillion yuan, compared to the beginning of the year.The growth rate was higher than the average 14.5 percent increase of new loans for all companies during the period, Jiang said.

HANOI, Oct. 11 (Xinhua) -- China and Vietnam vowed to promote healthy, stable and long-term development of bilateral ties with the guideline of "long-term stability, future-orientation, good-neighborliness and comprehensive cooperation," according to a joint press communique issued here on Monday by the two defense ministries.The two countries vowed to advance bilateral comprehensive strategic and cooperative partnership and always be good neighbors, friends, comrades and partners, according to the joint communique issued on the occasion of Chinese State Councilor and Defense Minister Liang Guanglie' s visit to Vietnam.According to the communique, China and Vietnam will continue to strengthen defense cooperation to promote military ties and bilateral relations.The two sides agreed to maintain the fine tradition of exchanging high-level military delegations and give full play to the bilateral defense and security consultation mechanism, said the communique.China and Vietnam are committed to settling all disputes though peaceful means and safeguarding regional peace and stability, said the communique.The two countries reiterated to enhance coordination and interaction in multilateral forums like United Nations and ASEAN Defense Ministers' Meeting Plus (ADMM-Plus), an enlarged ADMM with participation of eight dialogue partners, according to the communique.China and Vietnam also expressed the willingness to deepen cooperation in tackling non-traditional security challenges under the framework of ADMM-Plus and deepen cooperation in humanitarian efforts like disaster relief, said the communique.Liang arrived in Vietnam on Sunday for an official and friendly visit. He has met with General Secretary of the Communist Party of Vietnam Central Committee Nong Duc Manh and Vietnamese Prime Minister Nguyen Tan Dung respectively. He is scheduled to attend ADMM-Plus slated for Tuesday.