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BUDAPEST, Oct. 17 (Xinhua) -- China wants to achieve balanced trade with Hungary by way of increased economic and trade cooperation, visiting Chinese Vice President Xi Jinping said here Friday.     At a symposium with Hungarian and Chinese entrepreneurs, Xi said the two countries should further expand trade and find more complementary products for export.     "We will continue to encourage our enterprises to import more from Hungary, and also hope Hungarian companies will make greater efforts to explore the Chinese market and increase exports of those products that meet market demand in China," Xi said.  Visiting Chinese Vice President Xi Jinping(L) meets with Hungarian Prime Minister Gordon Bajnai(R) in Budapest, capital of Hungary, Oct. 16, 2009    Xi also called on enterprises of the two countries to enhance cooperation in such areas as new energy, insurance, tourism and environmental protection.     He said the two sides should give full play to the role of the joint economic committee as a platform for consultation and properly handle trade disputes that may arise, so as to ensure smooth development of bilateral economic and trade cooperation.     Hungary is a good friend and partner of China, and China is ready to work with the East European country to strengthen their communication and cooperation and push forward bilateral trade and economic ties and the China-EU comprehensive strategic partnership, he said.     Hungarian Prime Minister Gordon Bajnai said bilateral trade and economic cooperation had expanded rapidly and Xi's attendance at the symposium demonstrated the importance China attaches to its trade relations with Hungary.     He said China plays an important role in the global economy and Hungary welcomes Chinese enterprises to seek business and invest in the country.     More than 200 business people and officials from the two countries attended the symposium.

BEIJING, Aug. 19 (Xinhua) -- Top political advisor Jia Qinglin has called on overseas Chinese businessmen to play their unique roles in promoting China's peaceful reunification.     Jia made the remarks on Wednesday in a meeting attended by representatives of the China Overseas Chinese Entrepreneur Association in Beijing. Jia Qinglin (C), chairman of the National Committee of the Chinese People's Political Consultative Conference, meets the representatives of the China Overseas Chinese Entrepreneur Association, in Beijing, China, Aug. 19, 2009Jia, chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), said that overseas compatriots in business circles had made great contributions to the country's opening up and modernization and rendered donations to the Beijing Olympic Games and regions affected by natural disasters.     Since the start of the global economic downturn, the Chinese government has rendered help to overseas-funded enterprises which met difficulties, Jia said. Jia Qinglin (1st L), chairman of the National Committee of the Chinese People's Political Consultative Conference, meets the representatives of the China Overseas Chinese Entrepreneur Association, in Beijing, China, Aug. 19, 2009Jia encouraged overseas Chinese businessmen to play bigger roles in social and economic development of the motherland and promote Sino-foreign economic and cultural exchanges.     He also urged the businessmen to take an active part in the exchanges across the Taiwan Straits and firmly support China's peaceful reunification.

URUMQI, Aug. 4 (Xinhua) -- Seven hundred and eighteen people have been detained for being implicated in the Urumqi riot on July 5 which left 197 people dead and more than 1,600 injured, Urumqi City police chief Chen Zhuangwei said Tuesday.     Chen, head of the Public Security Department of Urumqi, capital of the Xinjiang Uygur Autonomous Region, said evidence collection had been a heavy load for the city's police force. It had involved examinations at the crime scenes and DNA evaluations, but it had been carried out swiftly. Chen Zhuangwei (C), head of the Public Security Bureau of Urumqi City, addresses a press conference in Urumqi, capital of Xinjiang Uygur Autonomous Region in northwest China, Aug. 4, 2009. Chen said police had visited more than 1,000 people, including those injured in the riot and families whose members had lost their lives in the unrest. Police had also inspected 530 shops and 943 motor vehicles damaged during the violence. As well, they collected and examined 3,318 pieces of evidence, and obtained 2,169 photos of crime scenes in Urumqi. Chen Zhuangwei, head of the Public Security Bureau of Urumqi City, addresses a press conference in Urumqi, capital of Xinjiang Uygur Autonomous Region in northwest China, Aug. 4, 2009.

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BEIJING, Aug. 5 (Xinhua) -- China vowed to deepen its financial system reform and promote more efficient financial intermediation in support of domestic demand, according to a fact sheet released here on Wednesday. To meet the commitment, China would promote interest rate liberalization and consumer finance, said the economic track joint fact sheet of the first U.S.-China Strategic and Economic Dialogue (S&ED).     It said China would accelerate the allocation of QFII quotas to billion and continue to allow foreign-invested banks incorporated in China that meet relevant prudential requirements to enjoy the same rights as domestic banks with regard to underwriting bonds in the inter-bank market.     China would gradually increase the number of qualified joint-venture securities companies that can participate in A-share brokerage, proprietary trading and investment advisory services subject to the condition of meeting relevant laws and regulations.     The country would also support qualified overseas companies to list on Chinese stock exchanges through issuing shares or depository receipts and continuously support qualified Chinese companies to be listed abroad, including in the United States, said the fact sheet.     From the U.S. side, the country would pursue comprehensive reform of financial regulation and supervision to create a more stable financial system and to help prevent and contain potential future crises.     Regulation and supervision would be strengthened to ensure that all financial firms that pose a significant risk to the financial system will be well regulated, major financial markets will be strong enough to withstand system-wide stress and the failure of large institutions, and the government has the tools it needs to respond rapidly and effectively when problems arise, the fact sheet said.     The United States pledged to continue to have strong oversight of the Government Sponsored Enterprises (GSEs). Through Congressional action, the country remained committed to ensuring that the GSEs were able to meet their financial obligations, it said.     The country was committed to undertaking a process of exploring the future of the GSEs, including through seeking public input, and the U.S. government resolved to report to Congress and the public by S&ED II.     In the joint fact sheet, China and the United States pledged continued close communication and coordination to promote financial stability and would work together to expedite the financial sector reform, to improve financial regulation and supervision, and to promote greater financial market transparency, so as to make their financial sectors more robust.     "We recognize the importance of ensuring sound regulation in our own countries and globally," said the fact sheet.     The two countries were undertaking IMF Financial System Assessment Programs (FSAPs) and would complete them in a timely manner,it said.     Both countries would continue to promote convergence towards a single set of high quality global accounting standards and would continue discussions on financial reporting matters.     "The United States and China welcome continued dialogue between the bilateral competent authorities on the oversight of accounting firms providing audit services for public companies in the two countries based on mutual respect for sovereignty and laws," it said.     The two countries would also conduct technical exchanges on the development of private pensions, and would share experiences and strengthen cooperation with regard to improvement of insurance regulation.     The first S&ED was held in Washington, D.C from July 27 to 28. The mechanism was jointly launched by Chinese President Hu Jintao and US President Obama during their meeting in April in London as a way to show elevation of the importance of China-U.S. cooperation under the new historical circumstances.  

BEIJING, Aug. 21 -- China Mobile Thursday reported its first drop in net profit since 1999 because of rising competition from rivals China Telecom and China Unicom and its weak 3G performance.    The world's biggest telco posted a net profit of 30.1 billion yuan (US.42 billion) in the second quarter, compared with 30.6 billion yuan a year ago.     Analysts had previously forecast a net profit of 31.4 billion yuan for the period.     "A macro-economic slowdown, a rising mobile communications penetration rate and changes in the competitive environment of the telecommunications industry in China have posed challenges to the development of the business in the first half," China Mobile said in a statement.     In the first six months, China Mobile posted a net profit of 55.3 billion yuan, a 1.4 percent annual growth. Its revenue totaled 212.9 billion yuan, an 8.9 percent rise from a year ago.     China Mobile's monthly average revenue per user, a key index of the industry to monitor a telco's profitability, was 75 yuan in the first half, about 10 percent less than a year ago.     China Mobile added 35.87 million users in the first half to total 493 million by the end of June. The telco had 957,000 3G users since it started a trial 3G service in April.     In the first half, China Mobile took 66 percent of the total new additional mobile users, compared with 85 percent a year ago, due to the "changed competitive landscape," the company said.     "The gap between China Mobile and other rivals will become narrow but it will still dominate the market for about two years," said Wu Wenzhao, a telecommunications analyst of Analysys International.     In January, China issued 3G licenses to China Mobile, China Unicom and China Telecom.

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BEIJING, July 31 (Xinhua) -- In an unexceptional courtyard on the street behind Jingshan Hill in central Beijing, two Chinese pines stand side by side.     This was the residence of Zhuo Lin, widow of China's late leader Deng Xiaoping. On Wednesday, she passed away, aged 93. Deng was also 93 when he died 12 years ago.     To complete the last trip with her beloved husband, Zhuo chose to have her ashes scattered at sea as her husband's were. File photo shows Zhuo Lin (R) poses with her husband Deng Xiaoping in the Taihang Mountains, after they married in Yan'an. Zhuo Lin, a former consultant of the Central Military Commission General Office and widow of China's late leader Deng Xiaoping, died of illness at 12:30 p.m. July 29 after medical treatment failed in Beijing, at the age of 93    TOGETHER THROUGH LIFE     Born in southwestern Yunnan Province, she joined the Communist Party of China in 1938 and was a former consultant of the Central Military Commission General Office.     She met Deng in the revolutionary shrine Yan'an in 1939 and had accompanied him throughout his extraordinary life, from the Anti-Japanese War from late 1930s to the 1940s to his dark days of repression in the "Cultural Revolution" from 1966 to 1976. File photo shows Zhuo Lin (2nd R) reads a story for her grandson while her husband Deng Xiaoping (L) reads newspaper at their home in Beijing, after Deng retired. Zhuo Lin, a former consultant of the Central Military Commission General Office and widow of China's late leader Deng Xiaoping, died of illness at 12:30 p.m. July 29 after medical treatment failed in Beijing, at the age of 93.Deng Xianqun, Deng's younger sister, recalled how Deng and Zhuo used to have a tacit understanding between each other.     "My big brother didn't love talking, but my sister-in-law was just the opposite," she said.     According to their children, Zhuo had taken care of all the details of Deng's life, including what to wear and how many sleeping pills he should take.     In 1966, when the political storms swept Deng from power as Chinese vice premier, Zhuo was bewildered, wondering what had happened exactly and what the future would hold.     But she chose to trust him and be with him.     "I've been with him for so long that I'm certain he's an upright man," she told their daughter, Deng Nan.     In 1969, Deng was exiled to eastern Jiangxi Province to work on farms.     Deng Lin, their eldest daughter, said Zhuo often spoke of the days in Jiangxi when they dug the land, pulled weeds and spread manure.     "Mother mostly did easy work, like cooking, as she was not very healthy," Deng Lin said.

BEIJING, Oct. 14 (Xinhua) -- Chinese President Hu Jintao on Wednesday met with visiting Russian Prime Minister Vladimir Putin, hailing fresh development of bilateral relationship and vowing closer collaboration. "Russia is one of the top agenda on China's diplomacy as we pay much attention to relations with Russia," Hu told Putin in their half an hour meeting in Diaoyutai State Guesthouse.     Hu said this year was significant for China-Russia relations as both countries celebrated their 60th anniversary of the establishment of diplomatic ties.     Russia was the first country to establish diplomatic relations with China, days after the People's Republic of China was founded on Oct. 1, 1949. Chinese President Hu Jintao (R) meets with Russian Prime Minister Vladimir Putin in Beijing, capital of China, Oct. 14, 2009.    As an important milestone in deepening relations, both countries established strategic partnership of coordination in 1996.     Hu said this partnership had reaped substantive benefits to both peoples and worked for the world peace, stability and prosperity.     He underscored the mutual support both countries offered to each other on issues concerning their core interest and close coordination and cooperation on international and regional affairs.     "China would like to work more closely with Russia to enhance political trust and strategic coordination," Hu said.     Chinese President particularly called for both countries to boost cooperation in energy, high-tech and culture.     "Let's work together to take strategic partnership of coordination to a higher level," Hu said.     Putin said his China visit was very successful, marking "an important step forward" in bilateral cooperation.     He said close exchanges between leaders of both nations contributed a lot to bilateral relations, which witnessed rapid progress in trade, energy and culture.     Putin said the "Year of Russian Language" went on well in China and looked forward to the "Year of Chinese language" in Russia next year.     During the "Year of Russian Language" in China, the two nations held more than 200 cultural exchange activities in about 20 provinces, autonomous regions and municipalities in China.     Putin said he was satisfied with Russia's ties with China and would like to advance the relations.     On Tuesday, Chinese Premier Wen Jiabao hosted a red-carpet welcome ceremony for Putin, who is on his first official visit to China since taking office in May 2008. They held closed-door talks and witnessed the signing of 12 agreements, including the agreements on natural gas and oil.

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COPENHAGEN, Oct. 6 (Xinhua) -- The impressive celebrations on Oct. 1 has testified that China is now a very important country in the world and holds a strong position globally, a European expert on China said.     The celebrations to mark the 60th anniversary of the founding of the People's Republic of China "were very impressive," Kjeld Erik Broedsgaard, professor and director of the Asia Research Center in Copenhagen Business School, told Xinhua in a recent interview.     "I think China now is in a stronger position globally than it was in any times since 1949. The celebrations really testify that this is the case," said Broedsgaard, who has been closely following the development of China for more than 30 years.     China's economic, political and cultural influence has been on the rise in recent years, said Broedsgaard, who has written and edited 18 books and monographs on modern China and East Asian affairs.     Describing China as being at the "forefront in terms of economic development," the Danish professor said China's role is "critical" in tackling the global financial crisis.     On China's political influence, he said China has taken part in "a variety of multilateral for a" in addition to international organizations such as the World Trade Organization and the United Nations.     The Beijing Olympic Games in 2008 also showed China's increasing significance, he observed.     Culturally, "China is also in a position where soft power is increasing," said Broedsgaard, who is a member of the Advisory Committee of the EU-China Academic Network and the Sino-Danish Joint Committee for Cooperation in Science, Technology, and Innovation.     Many people are interested in the Chinese tradition and culture, while more and more people are studying the Chinese language, he said, taking South Korea as an instance.     There are more people in South Korea studying Chinese than English, he explained.     Confucius institutes have been established in many countries, he said, adding that there is a Confucius Business Institute in Copenhagen.     As for the problems that China faces, Broedsgaard said that "there are always problems when a country rises."     But he said it is useful to remember history and put things in a historical perspective, adding that it is very important to remember that this is the "re-emergence" of China, which was a strong and important country in the past.     To ease the concerns of other countries, China has to relate to its partners and major powers and reassure them that it is a win-win situation in which "I get stronger, but you also get benefit," he said.     Broedsgaard also commented on the party building of the Communist Party of China (CPC), which was a focus of the Fourth Plenary Session of the 17th CPC Central Committee held in Beijing from Sept. 15 to Sept. 18.     "The whole issue of party building is important because the quality of leadership is important," he said, adding that the failure of the Soviet Union in the 1990s was part of "a question of the quality of leadership."     The CPC has been able to reform, renew and revitalize itself, he said.

BEIJING, Sept. 27 (Xinhua) -- Chairman Ning Gaoning of China National Cereals, Oils & Foodstuffs Corporation (COFCO), said Sunday the corporation's total investment in the northwestern Xinjiang Uygur Autonomous Region would reach 10 billion yuan (1.46 billion U.S. dollars) over the next five years.     Ning made the remarks during his visit to the Xinjiang-based subsidiary companies of the corporation, the country's largest oil and food producer.     Currently, COFCO's accumulative investment in the region is about 5 billion yuan, focused on tomato processing, sugar manufacturing, and beverages.     Ning said the corporation would double investment over the next five years due to confidence in the region's growth potential, but did not say for which the future investment would be targeted.     In 2005, COFCO made an investment in Xinjiang's Tunhe Investment Co., Ltd. by taking over a 37.2 percent share of Tunhe. So far COFCO Tunhe has become the largest tomato ketchup producer in Asia, and the second largest in the world.