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TOKYO, Sept. 24 (Xinhua) -- Chief Cabinet Secretary Yoshito Sengoku said Friday that China and Japan, the two major economic powers in Asia, need to work toward improving bilateral relations."It is true that Japan-China relations have shown signs of deterioration," Sengoku, Japan's top government spokesman, said at a press conference, adding that efforts were needed to deepen bilateral relations between the two countries.The comments came as the Naha, Okinawa, prosecutor's office said Friday it will release Zhan Qixiong, the 41-year-old Chinese fishing boat captain who has been held for more than two weeks.Two Japan Coast Guard patrol ships and a Chinese trawler collided in waters off China's Diaoyu Islands on Spet. 7.The next day, the Japan Coast Guard illegally seized the Chinese trawler and detained its captain and 14 fishermen on board, drawing strong protests from the Chinese government and its people.The Japanese released the fishermen and boat last week but held the captain. China has repeatedly urged Japan to unconditionally send back the captain to avoid additional damage to their bilateral ties.According to local media, Zhan was to leave Japan on Friday. Chinese Foreign Ministry spokeswoman Jiang Yu said the same day the Chinese government would send a chartered plane to bring back the captain.

SHANGHAI, Oct. 18 (Xinhua) -- China will continue to promote gradual exchange rate reforms, even while the yuan is expected to stabilize at a reasonable level, said Yi Gang, head of the State Administration of Foreign Exchange (SAFE) Monday in Shanghai.Yi, also deputy governor of the People's Bank of China (PBOC), or the central bank, made the remarks at a seminar held by the International Monetary Fund (IMF) to discuss the theme "Macro-Prudential Policies -- an Asian Perspective"."The flexibility of the yuan has increased since China launched exchange rate reforms in June. We will further boost those reforms, but the process will be gradual," Yi said."Judging from the markets, the yuan can remain stable at a reasonable and balanced level," he said.China will also continue to expand domestic demand and boost construction in rural medical services, education and infrastructure, he said.Five years ago, China abandoned a decade-old peg to the U.S. dollar and allowed its currency to fluctuate against a basket of currencies and appreciate by 2.1 percent.Since then, the yuan has strengthened further, albeit slowly, and has risen more than 21 percent against the greenback.On June 19 this year, the Chinese central bank announced that it would further reform the yuan's exchange rate mechanism to improve its flexibility.

MUSCAT, Nov. 7 (Xinhua) -- China's top political adviser Jia Qinglin met Sunday with Oman's Sultan Qaboos bin Saeed in Nizwa city, 140 km from the capital Muscat, during an official good-will visit to promote the bilateral relations.Jia, chairman of the Chinese People's Political Consultative Conference (CPPCC) National Committee, hailed the traditional friendship between the two countries and raised proposals to deepen the cooperation.The Chinese people would never forget Oman's assistance for the reconstruction after an 8.0-magnitude earthquake struck southwest China's Sichuan Province in 2008. An Oman Village, to be completed soon in Sichuan's Guangyuan city, will be a new symbol of the Sino-Omani friendship, Jia said.Jia Qinglin (L), chairman of the National Committee of the Chinese People's Political Consultative Conference, meets with Omani Sultan Qabus bin Said al-Said in Nizwah, Oman, Nov. 7, 2010.The successful Beijing Olympic torch relay in the Sultanate and the splendid presentation of the Oman Pavilion during the Shanghai Expo have strengthened the cooperation between peoples of the two countries, he said.Jia noted that Oman has become China's important partner in trade and energy cooperation in the Gulf area."I'm satisfied with the current situation of cooperation and confident about the future," he said.The Chinese and Omani people have forged brotherly friendship. Leaders of the two countries pay great significance to promoting the bilateral relations. The potential for the cooperation is huge as the two economies are complementary, Jia said.

XIAMEN, Sept. 5 (Xinhua) -- China's outbound direct investment (ODI) rose 1.1 percent year on year to 56.53 billion U.S. dollars in 2009, according to a government report issued Sunday.Non-financial ODI, which accounts for 84.5 percent of the total, stood at 47.8 billion U.S. dollars last year, up 14.2 percent from one year earlier, while the country's overseas investment in financial sectors declined 37.9 percent to 8.7 billion U.S. dollars, according to a report jointly released by the Ministry of Commerce, the National Bureau of Statistics and the State Administration of Foreign Exchange.By the end of 2009, Chinese enterprises established 13,000 overseas companies in 177 countries, with combined assets topping 1 trillion U.S. dollars, according to the report.