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BEIJING, April 13 (Xinhua) -- China's top economic planner said late Tuesday it would raise prices of gasoline and diesel both by 320 yuan (46.88 U.S. dollars) per tonne from April 14.This comes as the first such move in nearly five months since it raised gasoline and diesel prices both by 480 yuan per tonne in November 2009.The benchmark price of gasoline will be 7420 yuan per tonne and diesel 6680 yuan per tonne, according to the National Development and Reform Commission (NDRC).The price rises translate into mark-ups of 0.24 yuan and 0.27 yuan per liter, the measurement used at service stations in China. Photo taken in the wee hours on April 14, 2010 shows the price board at a gas station in Shenyang, northeast China's Liaoning Province. The National Development and Reform Commission (NDRC), China's top economic planner, said late Tuesday it would raise prices of gasoline and diesel both by 320 yuan (46.88 U.S. dollars) per tonne from April 14.China adopted a new oil pricing mechanism at the start of 2009 that allows the NDRC to adjust retail fuel prices when the international crude oil price changes more than four percent over 22 straight work days.International crude oil prices had kept rising since mid-February, and the 22-day moving average of global crude oil prices had gone above four percent, said Cao Changqing, head of the NDRC's pricing department.The decision was also made based on domestic economic conditions and oil consumers' ability to shoulder price rises, he said.After the price change, the government would continue to grant subsidies to farmers and the sectors of fishing, forestry, public transportation. Taxi drivers would also get a temporary subsidy.

BEIJING, May 25 (Xinhua) -- China and Finland here on Tuesday marked their 60th anniversary of diplomatic ties at an evening reception.Addressing the reception, Wang Gang, vice-chairman of the National Committee of the Chinese People's Political Consultative Conference, said the two countries had become "reliable partners of cooperation."Finnish President Tarja Halonen echoed Wang, saying information and environmental concerns had become important areas of cooperation.The president said she was leading a delegation of business people to China to build links between the two countries. She said she looked forward to a clean tech workshop slated for Wednesday.Halonen arrived at Beijing Tuesday morning, kicking off her six-day visit to China. She will also visit Shanghai and attend the national pavilion day of Finland at the Shanghai World Expo.

JEJU, South Korea, May 29 (Xinhua) -- Leaders of China, Japan and South Korea on Saturday issued a document outlining a blueprint for cooperation within the coming 10 years.Chinese Premier Wen Jiabao, South Korean President Lee Myung-bak and Japanese Prime Minister Yukio Hatoyama, who are meeting in South Korea's southern resort island of Jeju for an annual trilateral summit, made joint pledges to further trilateral cooperation in such areas as economy, security, environmental protection and cultural exchange.The leaders of the three nations agreed that after making clear the detailed objectives and long-term goals within the next decade, all sides need to concentrate efforts on boosting trilateral cooperation to a new height, so as to further consolidate partnership, achieve more in mutually beneficial cooperation in all aspects and enhance friendship between the peoples of the three countries.Chinese Premier Wen Jiabao (R), South Korean President Lee Myung-bak (C) and Japanese Prime Minister Yukio Hatoyama shakes hands before the third trilateral summit in South Korea's southern resort island of Jeju on May 29, 2010. Leaders of China, Japan and South Korea met in the trilateral summit with the aim of mapping out future cooperation in East Asia.The three leaders agreed to set up a more cooperative mechanism to increase strategic mutual trust, which involves setting up a trilateral cooperation secretariat in South Korea in 2011 to jointly tackle natural disasters, discuss the possibility of a mechanism of trilateral defense dialogue to enhance security contacts, strengthen political dialogue and cooperation in police affairs, and boost government exchanges at local levels among the three nations.

BEIJING, June 4 (Xinhua) -- Chinese Premier Wen Jiabao on Friday sent a message to Naoto Kan to congratulate him on his election as Japanese prime minister."China and Japan are important close neighbors to each other and important countries in Asia and the world. The development of stable, long-term good neighborly relations between them is in the fundamental interests of the two countries and two peoples and is conducive to peace, stability and prosperity in Asia and the world at large," the Chinese premier said.Wen noted that his recent visit to Japan was a big success, which helped make new progress in the development of bilateral ties. He said China is willing to work together with Japan to implement in real earnest the important consensuses the two countries have reached and push forward the strategic relations of mutual benefit in line with the principles laid down by the four important political documents concerning bilateral relations.Kan was voted in as prime minister by the lower house of Japanese parliament on Friday afternoon to succeed Yukio Hatoyama.

BEIJING, May 3 -- Ma Weihua, president and chief executive officer of China Merchants Bank (CMB), said he wanted to see Chinese banks elevate their level of globalization in the context of expedited overseas expansion of Chinese companies during his bank's recent road show in the United States. He said CMB would pursue this process ambitiously but cautiously.The bank is soon to relocate its night-shift foreign exchange trading team to its New York branch, which was established in 2008, and will move on to security trading as well in the future, according to Ma during a group interview. The branch is also working on consolidating its dollar settlement business."What I'm concerned about right now is to first have my New York branch familiarized with the US market, customers and rules as soon as possible so I can expand the business steadily," Ma told the audience at a recent speech at New York University's Leonard N. Stern School of Business. "We won't consider faster expansion until we have secured our position here."Because of policy restrictions, CMB and other Chinese banks are only able to provide very limited services overseas for now. Retail banking, which CMB is best at, is still being constrained in its New York branch, its first branch in the West. But the bank is eyeing up other opportunities.The branch is attaching increasing importance to the loan business for Chinese companies during their overseas merger and acquisition activities. It just completed a big deal for a Chinese State-owned conglomerate but declined to reveal its name."The most fundamental motive to globalize our bank is to support Chinese companies' overseas growth and to provide the same quality service for foreign companies as well when they come to China," Ma said.According to Ma, over the past five years, Chinese companies' overseas direct investment saw an annual increase of 60 percent and their non-financial overseas investment grew by 68.5 percent year-on-year.In comparison, overseas assets only make up less than 4 percent of Chinese banks' total assets, while in large banks in Europe and the US, the proportion is about 40 percent, he said.