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ULAN BATOR, June 22 (Xinhua) -- Mongolian Prime Minister Sukhbaataryn Batbold said Tuesday Chinese Premier Wen Jiabao's visit to Mongolia early June contributed significantly to bilateral relations and cooperation, especially in economic and commercial ties.The high-level meeting mechanism played an important role in developing comprehensive Mongolia-China cooperation, Batbold said in an interview with China's English-language newspaper China Daily.Wen visited Mongolia on June 1-2. The two premiers agreed to strengthen the cooperation in areas including mining, infrastructure, culture and education, and to increase trade volume.As a landlocked country, Mongolia wants to boost the cooperation in logistics and transportation services.Batbold said the two countries had great opportunities to cooperate in developing agriculture and infrastructure, and providing jobs related to manufacturing value-added products.The Mongolian government would continue its open policies and would encourage the development of enterprises with environmentally friendly technologies and social responsibilities, he said.

BEIJING, June 13 (Xinhua) -- Experts from the Chinese mainland and Taiwan Sunday started their third round of talks in Beijing to pave the way for a long-awaited pact to boost cross-Strait economic ties.During the talks, the two sides will discuss the main content of the Economic Cooperation Framework Agreement (ECFA), and goods and services trade in the "early harvest program."The ECFA is intended to normalize mainland-Taiwan economic ties and bring the two economies closer.The first round of talks took place in January in Beijing, and the second two months later in Taipei.Fan Liqing, spokeswoman of the State Council's Taiwan Affairs Office, told a press conference Saturday that negotiations had made pronounced progress and were approaching completion.Yang Yi, another spokesman of the same organization, was reported as saying in March that the two sides should work together to complete the pact in June.Chiang Pin-kung, chairman of Taiwan's Straits Exchange Foundation (SEF), said on April 2 the SEF also hoped to see the signing of the ECFA by the end of June.

BEIJING, June 10 (Xinhua) -- China's foreign exchange regulator said Thursday it will strengthen monitoring of cross-border capital flows to reduce risk.The regulator will keep a close watch on the economic and financial situation home and abroad this year, the State Administration of Foreign Exchange (SAFE) said in its annual report on management of foreign exchange posted on its website.It will also enhance its monitoring of abnormal cross-border capital flows by cracking down on illegal private banks and internet-based speculation in foreign exchange.The SAFE will maintain a prudent approach to managing foreign currency reserves and will continue to improve its diversification strategy.China's balance of payments continue to expand, albeit slowly, despite the impact of the global financial crisis.At the end of 2009, China's foreign exchange reserves hit 2.4 trillion U.S. dollars, a 453 billion U.S. dollar increase from the end of 2008.China had gold reserves of 1,054 tonnes at the end of last year, the fifth largest in the world.Although gold has commodity and monetary properties, the global gold market is relatively small and illiquid, the report noted, adding that because of its volatile price and high cost of holding and trading, gold has limited utility in asset allocation.

XI'AN, July 17 (Xinhua) -- It is untrue to say that the investment environment in China is worsening, said Chinese Premier Wen Jiabao Saturday as he invited more foreign companies to invest in the country.China sticks to its opening-up policy, Wen added.In talks with heads of prestigious German and Chinese firms in northwest China's Xi'an city, Wen and visiting German Chancellor Angela Merkel aim to boost cooperation between the two nations."Currently, there is an allegation that China's investment environment is worsening. I think it is untrue," said Wen when answering a question from Juergen Hambrecht, chief executive of German chemical company BASF.Foreign firms have voiced concern China's indigenous innovation policy might provide incentives for government bodies to purchase products developed by Chinese companies.The World Bank in a July report gave China a low investment environment ranking.But the amount of foreign direct investment (FDI) that flowed into China in the first half of the year rose 19.6 percent year on year, according to data from the Ministry of Commerce (MOC).China attracted 12.51 billion U.S. dollars in FDI in June alone, up 39.6 percent year on year.Wen said, "Foreign investment will not pour into a country where the investment environment is worsening."Wen said China has relatively good infrastructure as well as fair and stable market environment.

KINSHASA, July 24 (Xinhua) -- Chinese State Councilor Dai Bingguo arrived in Kinshasa on Friday night to begin a three-day visit to the Democratic Republic of Congo (DR Congo).The visit by the Chinese official is set to strengthen cooperative relations between the two friendly countries, officials said.Dai is scheduled to meet with Congolese President Joseph Kabila and Prime Minister Adolphe Muzito on Saturday.During his stay in DR Congo, Dai will visit the June 30 boulevard, the People's Palace and Kinshasa's Fiftieth Independence Hospital, which were all constructed by Chinese firms.Dai, who is heading a Chinese delegation on a five-nation African tour, had previously visited Ethiopia, Algeria and Equatorial Guinea. The trip will also take him to Zambia.