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DUSHANBE, July 26 (Xinhua) -- Tajik President Emomali Rakhmon and Prime Minister Akil Akilov on Saturday pledged to develop all-round cooperation with China while meeting separately with Chinese Foreign Minister Yang Jiechi. In his meeting with Rakhmon, Yang expressed his gratitude for Tajikistan's aid and support for China's earthquake relief. Tajik President Emomali Rakhmon (R) meets with Chinese Foreign Minister Yang Jiechi in Dushanbe, capital of Tajikistan, July 26, 2008. Yang attended the foreign ministers' meeting of the Shanghai Cooperation Organization (SCO) in Dushanbe on Friday. Noting that Sino-Tajik relations have been developing rapidly and soundly in recent years, Yang said the political mutual trust is deepening and the two countries have supported each other on such major issues as national sovereignty, territorial integrity and security. Pragmatic bilateral cooperation in all fields has yielded fruitful results, he added. During Rakhmon's visit to China last year, China and Tajikistan signed a treaty on good-neighborly friendship and cooperation, which would guide the future development of bilateral ties, the Chinese foreign minister said. China would like to work with Tajikistan to enhance cooperation and communication and contribute to maintaining regional stability and boosting common development, he said. Rakhmon said Tajikistan highly evaluates relations with China and appreciates China's support to his country's economic and social development. Tajikistan would continue to develop cooperation with China in all fields so as to elevate bilateral relations to a new high, he said. Tajik Prime Minister Akil Akilov (L Front) meets with Chinese Foreign Minister Yang Jiechi in Dushanbe, capital of Tajikistan, July 26, 2008Both sides also exchanged views on regional situations and the development of the Shanghai Cooperation Organization (SCO). While meeting with Akilov, Yang discussed with him ways to further strengthen bilateral cooperation. Yang said both sides should try to ensure the smooth implementation of major joint projects and explore other ways of cooperation that are compatible with market principles and conducive to economic growth of both countries. He also expressed the hope that Tajikistan will further improve its investment environment and create more favorable conditions for cooperation. Akilov said Tajikistan expects to expand cooperation with China in such areas as power generation, transportation, mining and human resources and develop stronger economic links between the two countries' border regions. Akilov pledged his government's efforts to support and facilitate Chinese investment in the central Asian nation.
HARBIN, July 24 (Xinhua) -- A senior Chinese official has called for carrying on ideological emancipation, persisting in the reform and opening-up policy, pushing forward scientific development and making new breakthroughs in promoting social harmony, to promote rapid and sound economic and social development. Li Changchun, a member of the Standing Committee of the Communist Party of China (CPC) Central Committee Political Bureau, made the call during an inspection tour in Heilongjiang Province from July 20-23, in the company of the provincial CPC chief Ji Bingxuan and governor Li Zhanshu. Li Changchun (L1), a member of the Standing Committee of the Communist Party of China (CPC) Central Committee Political Bureau, talks to staff at Donghu community during an inspection tour in Heilongjiang Province July 22, 2008He urged the northeastern province to seize the opportunity for industrial revival. Li visited villages, communities, factories and cultural organizations in the cities of Mohe, Heihe, Daqing and Harbin. In Mohe, the country's northeasternmost town, the official paid a visit to the Beiji (Polar) Village, where he learned that local villagers now have cable TV. He also visited Daqing, China's largest oil production base and Harbin, the provincial capital. Local governments should build more public cultural facilities, he said. He urged the province to deepen its cultural restructuring, support multi-talented professionals and develop cultural products with brand names that were recognized at home and abroad. In Daqing, Li also visited the memorial to Iron Man Wang Jinxi, an oil worker who devoted his life to the development of the petroleum industry. Daqing, a city built on the vast oil field, is known for the "Daqing Red Flag", a model set for all industries in the country by late leader Mao Zedong.
BEIJING, Aug. 6 (Xinhua) -- Senior Chinese leader Jia Qinglin urged here on Wednesday that the role of the Chinese People's Political Consultative Conference (CPPCC) in scientific and democratic policy-making should be strengthened. "We should increase the forms of political consultation and make it an important aspect in making scientific and democratic policies," Jia, chairman of the 11th CPPCC National Committee, said at a seminar held by political advisory body. Jia, also a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, stressed improving democratic supervision in three phases: information, communication and feedback. Jia said the work in the latter half of 2008 would be extensive and tough, and he urged officials at all levels to closely track changing international economic trends and research the new issues emerging in domestic economic development. Jia Qinglin (C), Chairman of the 11th Chinese People's Political Consultative Conference (CPPCC) National Committee and a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, addresses the study meeting of Leading Party Members' Group of CPPCC’s central group held in Beijing, capital of China, on Aug. 6, 2008 He also said that senior officials should be clean-handed and wise in choosing and promoting personnel. He called on them to lead high-quality teams by setting good examples. The three-day seminar, in celebration of the 30th anniversary of the reform and opening-up policy, ended on Wednesday. Attendees summed up their experience from recent political consultation work and discussed advice on future improvements.
BEIJING, April 23 (Xinhua) -- Chinese Vice President Xi Jinping said here Wednesday that President Hu Jintao's upcoming visit to Japan would have a profound impact on bilateral strategic and reciprocal relations. "President Hu's trip is a great event in Sino-Japanese relations in the new period," Xi told visiting Yoshinobu Ishikawa, governor of Shizuoka Prefecture in Japan. Xi said this trip would promote mutual understanding and friendship as well as substantial cooperation between the two countries. He expected the two countries to seize the chance to become good neighbors and partners featuring peaceful existence, long-term friendship, reciprocal cooperation and common prosperity. Chinese Vice President Xi Jinping (R) shakes hands with visiting Yoshinobu Ishikawa(L), governor of Japan's Shizuoka Prefecture, in Beijing, April 23, 2008. Xi also hoped the two sides could strengthen the exchanges between their peoples and cities to enrich Sino-Japanese friendship and cement bilateral ties. Yoshinobu Ishikawa said the development of friendly relations with China conformed to the fundamental interests of the two peoples, adding that Shizuoka Prefecture would step up exchanges with China in different levels and areas.
BEIJING, Oct. 9 (Xinhua) -- China's securities regulator on Thursday said publicly-traded companies must pay dividends in cash rather than stock over three years before submitting their refinancing applications. The move could help to encourage long-term investment and reduce market volatility, the China Securities Regulatory Commission (CSRC) said. The benchmark Shanghai Composite Index has plunged 66 percent from its record high last October. In a new regulation stipulating cash dividend payment by listed companies, the CSRC said: "The listed firms, if applying for refinancing, must pay dividends in cash totaling no less than 30 percent of its distributed profits over the past three years." The regulation went into effect on Thursday. In the draft version released in August, companies were allowed to pay dividends either in cash or stock. The listed firms were also ordered to reveal their cash dividend policies and previous cash dividend data to investors in their annual reports to improve transparency. "The listed company should give reasons why it failed to pay a cash dividend if it is able to and where the money goes," according to the rule. Cash dividends could offer stable investment returns and prompt large institutional investors to reduce speculation on the secondary market, the regulator said. A couple of huge refinancing plans earlier this year triggered a market plunge on concerns over stake dilution and liquidity stress. In a separate regulation on share buy-back, also effective on Thursday, the CSRC said it allowed a cash dividend payment when the controlling shareholders bought stocks on the secondary market. Such action was banned in the draft version released in late September to solicit public opinion. Share buy-back through bidding at stock exchanges also no longer needs regulatory approval. The CSRC added it would continue to revise the rules on stock buy-back and also give consideration to repurchase through agreement or tender offer.