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BEIJING, May 24 (Xinhua) -- China and the United States should keep up communication and consultation on issues concerning each other's major interests such as the Iran nuclear issue and the Korean nuclear issue.Ma Zhaoxu, spokesman of the Chinese delegation attending the strategic track of the on-going second round of China-U.S. Strategic and Economic Dialogues (S&ED), made the remarks at a press briefing after the first meeting of the strategic track on Monday."The two countries should also enhance consultation and cooperation on counter-terrorism, non-proliferation and the fight against cross-border crimes," Ma said.On Monday afternoon, officials from China and the United States held two rounds of meetings, during the second half of which they discussed how to strengthen cooperation on major international and regional issues, and cooperation on international system reform and Asia-Pacific regional cooperation mechanism building."The S&ED, as an important platform, provides the two sides a good channel to discuss and consider cooperation in this regard," Ma said.Ma told the press the other four suggestions China proposed for further enhancing bilateral cooperation, including:-- To give full respect and consideration to each other's major interests and concerns while carrying out cooperation;-- To follow the globally-recognized rules guiding international relations, and peacefully resolve regional hot issues through dialogue and negotiation;-- To deal with disputes with an objective and calm attitude, and not to let the overall situation of China-U.S. cooperation deteriorate due to temporary difficulties;-- To expand cooperation, especially communication and consultation in such areas as climate change and energy security, so as to benefit the two countries and the world as a whole.He said mutual understanding and trust between the two countries had increased after the past rounds of strategic dialogues. The two sides have defined their relationship as positive, cooperative, comprehensive and 21st-century-oriented.The military relationship was also an agenda in Monday's talks, despite their bilateral military exchanges being suspended since the U.S. arms sales to Taiwan earlier this year."In the meeting, delegates from the Chinese Liberation Army said the Chinese side always attaches importance to mutual trust and cooperation with the U.S. side. However, respect for each other's core interests is an important basis for the development of a sound and stable China-U.S. military relationship. China will continue military exchanges and cooperation with the United States in the principle of mutual respect, mutual trust, equity and reciprocity," Ma said.Prior in the morning, the two countries' delegates held an hour-long close door meeting of the strategic track. Chinese State Councilor Dai Bingguo and U.S. Secretary of State Hillary Clinton co-chaired the talks.
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.

BRASILIA, April 16 (Xinhua) -- Chinese President Hu Jintao explained to several foreign leaders why he had to cut short his visit after a deadly earthquake in northwestern China's Qinghai province."At this difficult time, I need to return to my country urgently, to be together with the people of China, pitching in with the earthquake rescue efforts," Hu said to the leaders.A 7.1-magnitude quake struck the Tibetan Autonomous Prefecture of Yushu on Wednesday, killing at least 1,144 people and leaving 294 missing and 11,486 injured. About 100,000 people have been relocated.When the tragedy was reported to Hu, he had just attended the Nuclear Security Summit in Washington. Hu held an urgent meeting to analyze the sudden quake.Hu urged all-out efforts to save lives and provide assistance to people in the disaster zone. He also asked authorities to step up precautions to ward off potential risks of aftershocks and called for efforts to safeguard social stability in the quake-hit region.Hu ordered the urgent mobilization of planes to transfer quake relief workers to the disaster areas, and dispatched soldiers there for aid.He proposed the reduction of the Brasilia-held summit of BRIC, which groups Brazil, Russia, India and China, shortened his visit to Brazil, and postponed a trip to Venezuela and Chile.The leaders of Brazil, Russia and India all expressed understanding of and support for China's proposal and agreed to compress the original two-day summit into a one-day event.
WASHINGTON, March 29 (Xinhua) -- The United States on Monday reaffirmed its commitment to the one-China policy, saying that it' s a commitment that should be the bedrock of the foundation of its relationship with China."The U.S. position on one-China policy is unchanged," Deputy Secretary of State James Steinberg said at a briefing at the Foreign Press Center in downtown Washington D.C.. U.S. Deputy Secretary of State James Steinberg speaks at a briefing at the Foreign Press Center in downtown Washington D.C., capital of the United States, March 29, 2010. The United States on Monday reaffirmed its commitment to the one-China policy, saying that it's a commitment that should be the bedrock of the foundation of its relationship with ChinaThe deputy secretary made the remarks in response to a question about whether the Obama administration remains committed to the one-China policy and the principles of the three China-U.S. joint communiques."It (the one-China policy) serves us very well. We have consistently through Democratic and Republican administrations understood those agreements and principles be the foundation of building an ever stronger relationship (with China)," Steinberg said."So there is no change. It's a commitment that we understand be the bedrock of the foundation of the relationship between the two countries," he added.The deputy secretary appeared to be quite positive about U.S.- China relationship despite recent troubles between the two countries caused by the announcement of new U.S. arms sales to Taiwan in January and President Barack Obama's meeting with the ** Lama in February."I think it is fair to say for the first 15 months of the new administration here, U.S.-China relations have been extremely constructive," Steinberg said in his opening remarks at the briefing."I think we avoided the dangers of transition that often happen in our relations with China and were able to start a very stable and promising course on our relationships, beginning with a phone call between (Chinese) President Hu (Jintao) and President Obama in February of last year, their meeting in London at the G-20 in April and culminating in President Obama's visit to China last fall," he said.At the levels of the Cabinet, he said, the two sides have seen the deepening of bilateral ties through the creation of the Strategic and Economic Dialogue (S&ED), which really reflects both the breadth and the depth of U.S.-China relationship.Steinberg said he knew that in recent months there's been speculation about whether there's been a change in U.S.-China relationship because of differences between the two sides on issues related to Taiwan, Tibet, as well as economic and trade policy.He said his trip to China early this month, along with National Security Council Senior Director for Asian Affairs Jeffrey Bader, provided a chance for both sides to discuss how to build on strong bilateral dialogue to seize the opportunities in the relationship and the need for the two countries to work together, as well as to manage their differences.During the trip, Steinberg said, the U.S. side had made clear that it does not support "Taiwan independence," welcomes recent improvements in cross-strait relations and hopes that the improvements will continue and expand.He added that the U.S. side had also reaffirmed its position that it does consider Tibet to be a part of China and does not support "Tibet independence."Steinberg said the two sides also discussed issues in economics and trade as well as security issues, such as the nuclear issues of the Korean Peninsula and Iran.
GUANGZHOU, May 30 (Xinhua) -- Li Qihong, mayor of Zhongshan in south China's Guangdong Province, is under investigation for "alleged serious disciplinary offences in economic activities," a local anti-graft body said late Sunday.The provincial commission for discipline inspection didn't reveal further details.
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