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BEIJING, Dec. 23 (Xinhua) -- Chinese President Hu Jintao appointed a new representative and ambassador to the World Trade Organization(WTO) and a new ambassador to Myanmar, according to a statement from the Standing Committee of the National People's Congress (NPC) on Thursday.Yi Xiaozhun, 59, previously a vice commerce minister, was appointed representative and ambassador to the global trade body, replacing 64-year-old Sun Zhenyu, who was the country's first WTO representative since China's accession to the WTO in Dec. 2001.Li Junhua was appointed ambassador to Myanmar, succeeding the 54-year-old Ye Dabo.Prior to Thursday's appointment, Li was deputy director of the International Organizations and Conferences Department of the Chinese Foreign Ministry.The appointment was in line with the decision made by the Standing Committee of the NPC, China's top legislature.

BEIJING, Dec. 25 (Xinhua) -- China 's central bank announced Saturday that it will raise the one-year lending and deposit interest rate for the second time this year, as the government continues its battle against surging prices.The People's Bank of China (PBOC) said in a statement posted on its website that it will hike the benchmark interest rate by 25 basis points beginning Sunday, which raised the one-year lending rate to 5.81 percent and one-year deposit rate to 2.75 percent.The PBOC increased the benchmark lending and deposit rates by 25 basis points on Oct. 20, which was the first increase in nearly three years.The rate hike came after the central bank vice governor, Hu Xiaolian, said Friday that China would bring its overall money supply to a normal level using various policy tools, as the government shifts monetary policy from "moderately loose" to "prudent" to rein in rising inflationary pressures and curb asset bubbles.Photo taken on Nov. 18, 2010 shows a teller counting the Renminbi at a bank in Qionghai City, south China's Hainan Province. China's central bank will raise the one-year lending and deposit interests rate by 25 basis points from Dec. 26, 2010, according to a statement posted on the website of the People's Bank of China Saturday.The country's consumer price index (CPI), a main gauge of inflation, accelerated to a 28-month high in November of 5.1 percent, while new loans reached 7.45 trillion yuan in the first 11 months of this year, compared to the government's full-year target of 7.5 trillion yuan.A recent PBOC survey also showed that the proportion of Chinese citizens satisfied with the current price level had sunk to an 11-year low, and only 17.3 percent of the consumers said they intended to consume more in the future.Rising prices have prompted the government to take measures to rein in the hikes, including boosting supplies and providing financial aid to the needy.Li Daokui, a member of the monetary policy committee with the PBOC, said the rate hike mainly aimed at managing inflationary expectations and reflected the policy shift, as tightening the money supply is the best way to curb inflation.The rate increase came "at the right time", as western countries are celebrating the Christmas holiday, to avoid overreaction from the global markets, Li added.Besides interest rate hikes, China had increased the bank reserve requirement ratio six times in 2010 to 18.5 percent and 19 percent for some large commercial banks."The decision was made in consideration of China's economic condition next year," said Lian Ping, chief economist with the Bank of Communications, the country's fifth largest lender, who described fighting inflation as the central bank's primary task at present.Lian expected inflation to continue to go up in the first quarter next year due to rises both in demand and cost, as well as other influences from the external market.His views were echoed by Zhuang Jian, chief economist with the Asian Development Bank, who also attributed rising inflation to holiday seasons and the extreme winter weather.Observers believe that further rate hikes are to be expected since solving inflation and liquidity pressure at the same time is considered a difficult task."You cannot expect one or two rate rises to have a significant impact on economic indicators," said Zuo Xiaolei, chief economist with Galaxy Securities.However, Lian said China only has room for two or three rate hikes, as higher interest rates would increase risks of "hot money" inflows due to a widening interest margin between China and the United States, which is likely to keep rates low.Li Daokui also attributed the timing of the rate increase to avoiding rapid capital inflows.But currently the factors that decides the direction of capital flows are currency exchange rates and assets prices, Lian added.UBS Securities economist Wang Tao said last month that she expected the central bank to raise the interest rate by 25 basis points before the end of the year and by another 75 basis points in 2011.China's economy grew 9.6 percent year on year in the third quarter this year, slowing from the 10.3 percent increase in the second quarter and 11.9 percent in the first quarter.The country targets about a 3 percent inflation rate in 2010.

ASHGABAT, Nov. 26 (Xinhua) -- China and Turkmenistan have agreed to continue expanding and deepening cooperation so as to push forward their relations of friendship and cooperation in an all-round way.Both sides made the commitment Thursday at the first meeting of the Sino-Turkmen cooperation committee, which was co-chaired by visiting Chinese Vice Premier Wang Qishan and Turkmen Deputy Prime Minister Baymyrat Hojamuhammedov.Wang said that the meeting marked the beginning of a new phase in Sino-Turkmen cooperation, and that the committee's functions of planning, guiding and coordinating cooperative matters should be given full play in a bid to continue to promote cooperation and friendly cooperative ties between the two countries.Chinese Vice Premier Wang Qishan (C, front) speaks at the first meeting of the Sino-Turkmen cooperation committee in Ashgabat, capital of Turkmenistan, Nov. 25, 2010.Wang hailed the close high-level exchanges and the ever deepening political mutual trust between the two nations in recent years, as well as their smooth cooperation, particularly in the energy sector.The China-Central Asia gas pipeline has become a landmark of the two countries' friendly cooperation, he said.Wang, meanwhile, spoke highly of the two countries' exchanges in culture and education fields, and their firm mutual support on major issues concerning each other's core interests such as sovereignty, security and territorial integrity.China and Turkmenistan should deepen collaboration in natural gas and oil areas, ensure the long-term, stable, efficient and safe operation of the China-Central Asia gas pipeline, carry out the exploring projects of oil fields, Wang noted.He added that they should also promote cooperation in the sectors of transportation, telecommunication, infrastructure building, high-tech, textile and agriculture.The two sides should also enhance exchanges in culture, security and law enforcement, crack down on the three evil forces of terrorism, separatism and extremism, in order to maintain the safety and stability in the two countries and the entire region at large, Wang said.Hojamuhammedov, for his part, said the launching of the cooperation committee is a big event for bilateral ties.He noted that China, as an important neighbor, always respects the independence and sovereignty of Turkmenistan. He called China an intimate friend and reliable partner.Turkmenistan sees China as a strategic partner and will support as always China's stance on issues like safeguarding national reunification and territorial integrity and combating the three evil forces, the Turkmen leader said.He also pledged continuous efforts in promoting cooperation with China in such fields as energy, education, art, tourism and security.The two sides will hold the second meeting of the cooperation committee in China in 2012.Before arriving in Turkmenistan, Wang had already visited Russia, where he attended the 14th meeting of the Joint Commission for the Regular Meetings of Heads of Government of China and Russia, and the meeting of the China-Russia Energy Negotiation representatives.

WUHAN, Dec. 28 (Xinhua) - Chinese courts would seek to create their own management system for authenticating judicial evidence within the next five years, said Su Zelin, vice president of the Supreme People's Court.Su made the remarks Monday during a meeting held in Wuhan, capital of central China's Hubei Province.The proposed system, which would further clarify the courts' working procedures and protocols while examining and verifying authenticated evidence, would be based on the current system administered by the Ministry of Justice, said Su.The Supreme People's Court plans to build its own forensic lab and relevant specialist pool to ensure the neutrality and authenticity of evidence used in court proceedings, Su added.

BANGKOK, Nov. 11 (Xinhua) -- Visiting top Chinese legislator Wu Bangguo on Thursday called on Chinese Thais and Chinese in Thailand to contribute more to bilateral friendly relations between China and Thailand at a welcome banquet held by Chinese groups here.Wu, on behalf of the Chinese government and people, extended his sincere greetings and best wishes to Chinese in Thailand and Chinese Thais, saying he was impressed by the kinship-like relations between the two countries during his meetings with Thai government and parliament leaders.Wu highly evaluated the contribution made by Chinese in Thailand and Chinese Thais to Thailand's economic prosperity and social development, China's modernization and peaceful unification, and China-Thailand good neighborliness and friendship, adding that the Chinese government and people will never forget that.Wu Bangguo, chairman of the Standing Committee of the National People's Congress of China, the country's top legislature, addresses an evening banquet held by overseas Chinese in Bangkok, capital of Thailand, Nov. 11, 2010."As long as we uphold the banner of socialism with Chinese characteristics, unswervingly go ahead along the road of socialism with Chinese characteristics, further implement the Scientific Concept of Development, further emancipate the mind, stick to the opening up and reform, push forward development in a scientific way, promote social harmony, China will be built into a modern socialist country in the end," the Chinese leader stressed.Wu Hongfeng, chairman of the Chinese Chamber of commerce in Thailand, said Chinese in Thailand and Chinese Thais are proud of China's tremendous achievement in 30 years of opening up and reform as China has witnessed a rapid economic development, strongly boosted overall national strength and a rising role in international arena.He said the top Chinese legislator's visit has enhanced the two countries' friendship, deepened their mutually beneficial cooperation and composed a new chapter in the Thailand-China friendly relationship.Wu Bangguo arrived here on Wednesday for a four-day visit after wrapping up his visit to Indonesia. He also visited Cambodia before.