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NANCHANG, Sept. 26 (Xinhua) -- A Chinese commerce official on Sunday called on foreign investors to maintain their confidence in the country, promising China would make continuous efforts to improve its investment environment.Qian Fangli, deputy director of the Department of Foreign Investment Administration under the Ministry of Commerce (MOC), made the statement at a forum during the Expo Central China 2010 that opened Sunday.Although operation costs in China were rising because of higher labor and raw materials costs, foreign investment continued growing rapidly " because improvements in China's investment environment helped lower their investment costs and boost confidence," Qian said.Further, she noted that the Chinese government would continue to improve policies to encourage foreign investors. But she did not provide further details.In the first eight months of this year, foreign direct investment in China totaled 65.96 billion U.S. dollars, up 18.06 percent from one year earlier, according to MOC statistics.The Expo Central China, scheduled to run from Sept. 26 to Sept. 28, invited economists, entrepreneurs and officials to attend. The expo seeks to promote development in central China, which spans six provinces -- Shanxi, Anhui, Jiangxi, Henan, Hubei and Hunan.
HONG KONG, Sept. 22 (Xinhua) -- Hong Kong stocks gained 45.12 points, or 0.21 percent to close Wednesday's trading at 22,047.71.The benchmark Hang Seng Index traded between 22,229.18 and 22, 021.6 on a turnover of 69.08 billion HK dollars (about 8.9 billion U.S. dollars).All the four sub-indices of the benchmark index landed in the positive territory, with properties advancing the most by rising 1. 2 percent.Heavyweight HSBC slid 0.49 percent to 81.1 HK dollars, extending its falling streak to the third day this week. The nation's telecom giant China Mobile gained 0.38 percent to 79.8 HK dollars. Sole market operator HK Exchange rallied 1.35 percent to 142.5 HK dollars.For financial shares, CCB, which accounts for the third largest weighting of the Hang Seng Index, went up 0.59 percent to 6.77 HK dollars. Meanwhile, the nation's largest lender by market value ICBC shed 0.17 percent to 5.84 HK dollars, Bank of China up 0.25 percent to 4.09 HK dollars and Bank of Communication down 0.36 percent to 8.4 HK dollars.The two leading mainland-based insurers went to different directions as Ping An slumped 0.6 percent to 74.4 HK dollars and China Life moved up 0.32 percent to 31.5 HK dollars.Local developers remained strong following two days of upward move. Cheung Kong, the flagship company of Hong Kong's richest man Li Ka Shing, advanced 2.11 percent to 111.5 HK dollars.Another major developer SHK rose 1.79 percent to 125.2 HK dollars and the city's main residential builder Henderson Land jumped 2.63 percent to 52.65 HK dollars. Oil shares put on mixed performances, with Sinopec up 0.91 percent to 6.67 HK dollars, PetroChina up 0.46 percent to 8.71 HK dollars and CNOOC down 1.36 percent to 14.5 HK dollars.Aside from constituents stocks, China's leading electric motor manufacturer BYD was also among the most active. Share price of the Shenzhen-based company went down 3.56 percent to 54.2 HK dollars. (7.76 HK dollars equal one U.S. dollar)
TAIPEI, Sept. 5 (Xinhua) -- Cai Wu, honorary chairman of the mainland-based China Friendship Association of Cultural Circles, said on Sunday that he and his colleagues would work to promote cross-Strait cultural exchanges and cooperation "in a comprehensive manner" with Taiwan."We are willing to build a cross-Strait cultural exchange platforms with a more open and pragmatic attitude," Cai remarked on the eve of Monday's cross-Strait cultural forum.He noted that his delegation would move forward based upon the agreements and proposals expected to be reached during the upcoming cultural forum.Further, the delegations hope to draw up cross-Strait cultural exchange policies that would bring tangible benefits to people on both sides, Cai said.Cai began his visit to Taiwan Thursday to attend the cross-Strait cultural forum at the invitation of the Taiwan-based Sheen Chuen-Chi Cultural and Educational Foundation.More than 150 experts from both sides of the Taiwan Strait will discuss the development of cultural industries across the Strait at the forum.The forum is jointly sponsored by the mainland association and the Taiwan-based foundation.
TAIPEI, Sept. 18 (Xinhua) -- Counties and cities in Taiwan are bracing for the approaching typhoon Fanapi, as the local meteorological department forecasts it will make landfall over the eastern part of Taiwan early Sunday morning.Taitung, Yilan and Hualien counties announced schools were suspended as of Saturday night. Nantou county has evacuated some local residents living in danger areas in advance.The Maokong cable car, the longest one in Taiwan has halted operations.Tsengwen Reservoir, Taiwan's largest reservoir, has begun discharging water since Saturday noon, in preparation for heavy rains brought by Fanapi.TransAsia Airways, Mandarin Airlines and Uni Air have announced the cancellation of some Sunday flights.Some local farmers in Taitung County were racing against time to harvest crops, and fishing boats have returned to harbor.The eye of Fanapi was 420 kilometers east from Hualien County, as of Saturday noon, according to the local meteorological department.Taiwan will be prominently affected by Fanapi on Sunday and Monday, according to the forecast.
ROME, Oct. 7 (Xinhua) -- China and Italy enjoy a good foundation for cooperation and China would like to expand that to other areas such as trade and investment, environment and culture, Chinese Premier Wen Jiabao said here Thursday. During a meeting with Italian Prime Minister Silvio Berlusconi on the second day of his two-day visit, Wen applauded the fruitful bilateral cooperation the two countries have enjoyed since establishing diplomatic ties 40 years ago.Wen said China expects to conduct high-level exchanges with Italy and at all levels, promote political mutual trust and expand cooperation.The premier proposed that the two countries should make efforts to promote trade, enhance intellectual property rights protection, work hard to settle trade disputes, and oppose protectionism. Chinese Premier Wen Jiabao (L) and his Italian counterpart Silvio Berlusconi attend a symposium with Chinese and Italian entrepreneurs in Rome, Italy, Oct. 7, 2010.China and Italy could work to build for China a set of complete mechanisms of environmental risk assessment and emergency response and set up an environment technology promotion center, Wen said.He said the two nations should advance their cooperation in technological innovations based on mutual benefit.That, Wen said, would include bringing high-tech industries to the joint technology parks, building technology transfer centers in China, and exploring the possibility of establishing a industrial design center.The premier also suggested the two sides coordinate for a better use of Italy's credit loans so as to bring more Italian investment China's way.