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BEIJING, April 15 (Xinhua) -- China on Wednesday said it would work with Mongolia to advance the relationship between the two countries. "This would benefit the two peoples," Chinese Vice President XiJinping told visiting Mongolian Prime Minister Sanj Bayar.     Hailing the 60-year diplomatic ties between China and Mongolia, Xi said the two neighboring countries enjoyed three precious experiences during the development process of bilateral relations. Chinese Vice President Xi Jinping (R) meets with Mongolian Prime Minister Sanj Bayar in Beijing, China, April 15, 2009    Firstly, Xi said to respect each other's independence, sovereignty and territorial integrity was the important base for the growth of China-Mongolia ties.     Secondly, he said both sides' commitments to enhancing bilateral relations were the source of flourishing development of China-Mongolia ties.     Lastly, he pointed out that both sides treated each other's development as important opportunities and made great efforts to increase cooperation. This was the driving force for the stable growth of bilateral relations.     Bayar said his country valued the relations with China, and was satisfied with the bilateral ties in recent years.     The Prime Minister applauded China's assistance and support to his country.     The whole world was deeply impressed by China's efforts to cope with the international financial crisis, Bayar said, noting that this also strengthened Mongolia's confidence in surviving difficulties.     Mongolia would increase cooperation with China to jointly respond to challenges and push forward the bilateral relations, he noted.     Bayar was here on a five-day working visit starting from Tuesday, and will also attend the Bo'ao Forum for Asia annual meeting, scheduled for April 17-19.

ISLAMABAD, April 18 (Xinhua) -- A 100-member-strong youth delegation of Pakistan is to leave for China on Sunday on a week-long visit as a program of boosting exchanges between the two friendly countries.     "The youths from all walks of life of Pakistan will have the chance to look at China and know more about China," said Charge d'Affairs Yao Jing of Chinese Embassy in Pakistan told youth delegation at a reception.     Chinese President Hu Jintao invited 500 young people from Pakistan to visit China within five years when he paid a state visit to Pakistan in November, 2006. The program was launched in 2007.     The program is aimed at "increasing mutual understanding" between the two countries and peoples, said Yao.     Ullah Saif Shervani, secretary of Pakistani Ministry of Youth Affairs, expressed the hope that the delegation members could take the opportunity to learn from "friendly China" and help enhance "time-tested friendship" between the two countries.     "I appreciate the Chinese government for the chance to visit," said Adil Taj, an university student in Islamabad. "We will work hard to make our own contribution to Pakistan-China friendship."     The youth delegation is scheduled to visit Beijing, Urumqi and Lanzhou from April 19 to 27.

BEIJING, April 7 (Xinhua) -- Chinese Vice Premier Li Keqiang told former French Prime Minister Jean-Pierre Raffarin Tuesday that efforts should be made to ensure the "healthy" and "stable" development of Sino-French relations.     Li recalled the experiences on the bilateral ties since China and French forged diplomatic relations 45 years ago, noting that sound political relations and trust served the fundamental interests of the two peoples and were vital to boost cooperation.     Li also briefed Raffarin on China's economic situation, adding the measures China adopted to curb the global financial crisis "have been taking some effect."     "We are confident of maintaining China's stable and rapid economic growth and highly value foreign trade cooperation with countries such as France," Li said.     Raffarin, who is in Beijing to attend a Sino-French economic seminar, said expressed his commitment to continuing to promote the bilateral strategic partnership. Chinese Vice Premier Li Keqiang (R) meets with Former French Prime Minister Jean-Pierre Raffarin in Beijing, capital of China, on April 7, 2009    China and France issued a press communiqué on Wednesday, just hours before the presidents Hu Jintao and Nicolas Sarkozy met in London ahead of a Group of 20 summit on the global financial crisis.     The communiqué said the two sides "attach great importance to China-France relations" and reiterated their adherence to the principle of non-interference in each other's internal affairs.     In the communiqué, France pledged not to support "Tibet independence" in any form.     Relations between China and France deteriorated in December when Sarkozy met with the ** Lama in Poland.

BEIJING, April 5 (Xinhua) -- China has approved 43 corporate bonds in the first quarter, a sharp rise from the same period last year, in support of the massive construction plan involved in the 4 trillion yuan (584.8 billion U.S. dollars) stimulus package, according to the data released by the depository house for China's major bonds.     The 43 corporate bonds, of which five were issued by the central State-owned enterprises, totaled 66.73 billion yuan in value, according to the China Government Securities Depository Trust and Clearing Co., Ltd.     In contrast, only 11 such bonds were approved by the National Development and Reform Commission (NDRC), the approving agency, in the first half of last year.     Experts said more such bonds were allowed in a bid to echo the government's 4 trillion yuan stimulus package, which needed huge sums of money to power the massive infrastructure construction andother new projects.     Of the total 4 trillion yuan investment, 1.18 trillion yuan is supplied by the central government. The rest will be financed by local governments and the private capital.     Considering the huge demand by enterprises, NDRC would expand the corporate bond issuance scale to ensure economic growth, an NDRC official told Shanghai Securities News on Saturday.     He said NDRC was working overtime to access the piled-up applications. Money raised by the bond issuance should not be used to make risky investment including shares, futures and real estate, the official stressed.     Companies involved in the construction of infrastructure, sewage treatment, and energy saving would be given priority to issue debt, according to the official.     Based on the current momentum, the total corporate bond sales would likely to top 300 billion yuan this year, analyst with the China Securities Co., Ltd told the newspaper.     Although the bond sales was less than 70 billion yuan in the first quarter, but local governments and non-listed companies have shown great willingness to lend more. The bond sales is expected to peak in the latter of the year, said the analyst.     Chinese government has been cautious on corporate debt issuance as the country lacks comprehensive legal system for bond market.     Only 236.7 billion yuan of corporate bond were issued last year, compared with 812.5 billion yuan of treasury bond sales.

HONG KONG, April 12 (Xinhua) -- About 400 enterprises in the Chinese mainland had been selected to participate in the Renminbi cross-border trade settlement pilot program, Under Secretary for Financial Services and the Treasury of Hong Kong Julia Leung said here Saturday.     Speaking on a radio talk show here Saturday, Leung said enterprises in Hong Kong would soon be able to settle trades in Renminbi through the banks with the selected companies in the Chinese mainland.     Noting the program can reduce the risks and cost arising from fluctuations in exchange rates, she said Hong Kong banks could expand extensively their Renminbi services from individual clients to enterprises.     When asked whether the scheme includes trade financing, Leung said authorities in the Chinese mainland would announce the details soon.     "The Monetary Authority has made full preparation for the program including conducting tests on the Renminbi clearing system," Leung noted, adding that "the system can start operation once the Chinese mainland comes up with the operational details."     When asked whether the Hong Kong Special Administrative Region (HKSAR) government would change Hong Kong's linked exchange rate with the U.S. dollar, the under secretary said the system had been working effectively and the HKSAR government had no plan to change it.