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BANDAR SERI BEGAWAN, Jan. 25 (Xinhua) -- Brunei Sultan Hassanal Bolkiah met with visiting Chinese State Councilor Dai Bingguo here on Monday.During the meeting, Hassanal said that Brunei and China enjoyed long-run friendly exchanges and the Brunei-China relationship developed smoothly since the two countries established the diplomatic ties nearly 20 years ago.Hassanal said that cooperation between Brunei and China in various fields were also fruitful since then and he was delighted that he had cemented friendship with Chinese leaders.The Brunei royal family and the government attached great importance to developing close and friendly ties with China, and Brunei will continue to stick to the One China policy and strengthen cooperation in economic and trade and energy with China, he said.Hassanal expressed thanks for China's assistance in helping Brunei develop technologies for paddy production and expected more achievements in this field.Dai said that China and Brunei are traditional good neighbors and the two countries have extensive common interests and broad space for cooperation.The bilateral relations developed swiftly since the two countries established the diplomatic ties in 1991, Dai said.Dai noted that China is willing to further its friendly exchanges with Brunei, based on the principles of mutual respect, equality and mutual benefit.China is willing to support and participate in Brunei's strategies to diversify its economy and encourage China's enterprises to invest in Brunei and expand cooperation in economic and trade, energy and agriculture, etc.On Monday, Dai also met with Brunei Foreign and Trade Minister Mohamed Bolkiah and Second Foreign and Trade Minister Lim Jock Seng.Dai arrived here on Sunday on an official visit to the sultanate.
GENEVA, March 17 (Xinhua) -- It's still not the time to talk about sanctions against Iran as the door of diplomacy is still open on finding a compromise over its nuclear program, He Yafei, China's ambassador to the United Nations Office in Geneva, said on Wednesday."I think the door of compromise through negotiations, the door of diplomacy, is not closed," He told reporters."We need to do our best, to exhaust every avenue before we decide on whether we should have new additional sanction measures, " He said.The Chinese ambassador said that Iran, as a member of the Nuclear Non-Proliferation Treaty (NPT), is entitled to the peaceful use of nuclear energy, but the country "should not develop any capability that can produce nuclear weapons.""We certainly do not want to see an Iran with a nuclear weapon capability...China is very much for safeguarding and strengthening the nuclear non-proliferation regime," He said.According to the ambassador, the way out for Iran's nuclear issue is to have a dialogue and to have negotiations with the country.He added that China had been talking to Iran constantly and urging the country to agree to a proposal by the International Atomic Energy Agency (IAEA) as a first step to solve the nuclear issue.Under the IAEA proposal, most of Iran's existing low-grade enriched uranium should be shipped to Russia and France, where it would be processed into fuel rods with the purity of 20 percent. The higher-grad nuclear fuel would then be transported back to Iran for the use at a research reactor.The United States and its Western allies have long been accusing Iran of secretly developing nuclear weapons under the disguise of a civilian program. Iran has denied the accusation and stressed its nuclear program is solely for peaceful purposes.Nowadays Western powers are talking about adopting new sanctions on Iran over its nuclear program through a UN resolution.
BEIJING, Feb. 27 (Xinhua) -- China's massive stimulus package has proved effective, with the Chinese economy having bottomed out and now in recovery mode, Chinese Premier Wen Jiabao said during an online chat Saturday.The stimulus package brought confidence and courage, and improvements have been gradually made during its implementation, Wen said while chatting online with Netizens at www.gov.cn and www.xinhuanet.com.Boosted by a raft of stimulus measures, China's economy expanded 8.7 percent in 2009, staging a speedy recovery after being hit by the worst global financial crisis in eight decades.Chinese Premier Wen Jiabao (L) prepares to chat with Internet surfers on two state news portals in Beijing, China, Feb. 27, 2010. The two portals, the central government website (www.gov.cn) and the Xinhua News Agency website(www.xinhuanet.com), will jointly interview Wen, which will be shown live in both text and videoThe stimulus package included fiscal spending; tax cuts; adjustment and support policies for key industries; support systems for scientific development; and improvements in the social security system.The package has contributed to the nation's development and people's livelihood with both economic and social achievements, he added.
BEIJING, March 9 (Xinhua) -- China would step up work to monitor non-banking financing, said the China Banking Regulatory Commission (CBRC) Tuesday in a statement on its web-site.More focus would be put on businesses in connection with trust companies and the real estate sector to prevent banks from using non-banking financing to circumvent policies, said Liu Mingkang, chairman of the CBRC.The 2010 government loan target is 7.5 trillion yuan (1.10 trillion U.S. dollars). But in January alone, banks extended 1.39 trillion yuan in new loans -- 18.53 percent of the full-year target.More work should be done to improve risk management capacity to achieve sustainable development of the non-banking financing sector, Liu said.Non-banking financial institutions under the CBRC supervision include trust companies, finance companies, financial leasing companies, auto financing companies and money brokers.
BEIJING, Feb. 7 (Xinhua) -- Chinese Vice President Xi Jinping on Sunday urged improvement of the Party's role in leading the economic work as the country pushes forward transformation of the economic development mode.Xi, a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, made the call at the closing ceremony of a seminar for provincial and ministerial level officials, which began on Feb. 3.Chinese Vice President Xi Jinping (2nd L), also a member of the Standing Committee of the Communist Party of China (CPC) Central Committee Political Bureau and a member of the Secretariat of the CPC Central Committee, speaks during the closing session of a seminar on the implementation of the Scientific Outlook on Development and the transformation of the mode of economic development in Beijing, capital of China, Feb. 7, 2010. The seminar, attended by the country's provincial and ministerial chiefs, opened on Wednesday at the Party School of the CPC Central Committee in Beijing"As the international environment is experiencing major changes and the country's economic development is showing a series of new characteristics, we must... adapt ourselves to changes and accelerate the transformation of the economic development mode," said Xi, adding that the country should sharpen the competitive edge of its economy amid fierce international competition and meet people's expectations for a better life.He said that in the drive, Party committees must exert full efforts in guidance while Party organizations at lower levels should strengthen their role in implementation with Party members setting examples for others.