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SOFIA, Oct. 14 (Xinhua) -- Chinese Vice President Xi Jinping held talks with his Bulgarian counterpart Angel Marin on Wednesday, and both leaders pledged to further cement the traditional friendly relations between the two countries.     This year marks the 60th anniversary of the establishment of the Chinese-Bulgarian diplomatic relations, and his current visit was mainly aimed at celebrating the anniversary together with the Bulgarian side and further advancing the pragmatic friendly cooperation between the two nations, said Xi. Bulgarian Vice President Angel Marin (L) welcomes visiting Chinese Vice President Xi Jinping (R) in Sofia, capital of Bulgaria, Oct. 14, 2009While reviewing the Chinese-Bulgarian relationship over the past six decades, Xi called it a good example for the friendly co-existence between countries with different social systems.     Xi said that the two sides should maintain mutual respect, seek win-win cooperation and work together to safeguard common interest, to ensure the long-term healthy development of bilateral relations and to bring benefit to the two peoples. Bulgarian Vice President Angel Marin (3rd L) meets with visiting Chinese Vice President Xi Jinping (3rd R) in Sofia, capital of Bulgaria, Oct. 14, 2009Xi put forward a five-point proposal on further advancing the relationship between the two countries:     -- To further strengthen their traditional friendly relations on the occasion of the 60th anniversary of bilateral diplomatic ties. Xi expressed hope that governments, parliaments, and parties of both sides at all levels would enhance exchanges and cooperation and boost mutual understanding and trust;     -- To expand trade cooperation to achieve mutual benefit and create a win-win situation;     -- To deepen people-to-people and cultural exchanges, specially among the youth;     -- To continue strengthening coordination and collaboration within multilateral frameworks to jointly promote world peace and development;     -- To work for a sustainable, stable and healthy relationship between China and Europe. Chinese Vice President Xi Jinping presents a wreath at the Tomb of the Unknown Soldiers in Sofia, capital of Bulgaria, Oct. 14, 2009Marin said Xi's visit demonstrated the importance the Chinese government has attached to the relations between the two countries.     Bulgaria attaches importance to its relations with China, and has taken China as a strategic and cooperative partner. Bulgaria is ready to work with China to cement mutual political trust and intensify cooperation on trade, investment, tourism, culture and education, he said. Bulgarian Vice President Angel Marin (R) introduces the general situation of Bulgaria to visiting Chinese Vice President Xi Jinping before their meeting in Sofia, capital of Bulgaria, Oct. 14, 2009. Marin reaffirmed that Bulgaria firmly adheres to the one-China policy and supports China on issues concerning Tibet and Xinjiang.     After the talks, the two leaders attended the signing ceremony for several cooperation agreements.     Xi arrived here on Wednesday afternoon for the third leg of his five-nation Europe tour. He has visited Belgium and Germany, and will also visit Hungary and Romania.

BEIJING, July 29 -- The securities watchdog is mulling further measures to plug the loopholes that showed up in the latest round of initial public offerings (IPO), according to Shang Fulin, chairman, China Securities Regulatory Commission (CSRC).     The CSRC is generally satisfied with the results of the recent reforms, but also identified a number of areas that need to be improved. One of these areas is the lack of a provision to block institutional investors from taking advantage of the new allotment system by masquerading as personal investors in their IPO applications.     "Some institutional investors were known to have circumvented the subscription limits on their accounts by making applications through personal investor accounts opened with borrowed ID cards," said Lu Junlong, analyst, China Finance Online. "Stockbrokers keen on earning commission fees usually turn a blind eye to such irregularities," he said. People watch the index screen at a stock market in Shanghai, China, July 1, 2009. The CSRC said it is planning to take steps to safeguard individual investors' interests.    This has defeated, to some extent, the primary objective of the reform, of increasing the allotment of new shares to personal investors. In the past, the deluge of applications from well-financed institutional investors had largely crowded out applications from individual investors.     Because of the loophole, the ratios of allocation of newly issued shares to personal investors in the past several IPOs were still deemed too low.     For example, the ratio of allocation in the IPOs of Guilin Sanjin Pharmaceutical, one of the first companies to obtain a stock exchange listing after the lifting of the IPO suspension, was only 0.17 percent.     The ratio of allocation in the Sichuan Expressway IPO was 0.26 percent, while it was 2.83 percent for China State Construction Engineering Corp's public float.     "The ratio of allocation to subscription is at a low level, similar to the lottery system in the past," said Zhu Hongbin, an investor with over 10-year experience in the market.     Considering the wide price gap between the primary and secondary markets, many institutional investors borrowed heavily from banks to subscribe for new shares.     Easy credit and cheap money have given institutional investors a much greater edge over small investors in the fight for IPO allotments.     "As long as the interbank seven-day repurchase rate stays below 3 to 4 percent, we can make profits by subscribing to new shares," a Shanghai-based fund manger said, who refused to be named.     The investors' feverish penchant for newly listed stocks saw Sichuan Expressway Co soar 202 percent on debut. The bourse suspended trading in the scrip for two times to allow for a cooling off period on the first day.     The company's issue price was 3.6 yuan, nearly 20 times the PE (price-to-earnings) ratio. After collective bidding, the opening price soared to 7.6 yuan and the shares finally closed at 10.9 yuan after touching a high of over 15 yuan.     The high price was beyond the expectation of many analysts.     According the reports from 23 securities firms, most analysts thought the reasonable price could be around 5 yuan. Guotai Junan Securities Co was the most optimistic, which estimated the shares could be worth around 7 yuan.     The shares subsequently began to slump and closed at 9.81 yuan, with many individual investors burning their figures.     According to the Shanghai Stock Exchange, individual investors were the main buyers for the new shares of Sichuan Expressway on its first trading day. Among the 74,000 accounts that bought shares on that date, about 99.9 percent was personal accounts. Institutional investors, including fund mangers, securities firms and insurance companies, did not join the speculation.     According to CSRC Chairman Shang Fulin, the regulators are working on a plan to educate individual investors and also exploring effective mechanisms to protect investors' rights.

MACAO, Sept. 22 (Xinhua) -- Macao Special Administrative Region(SAR) Legislative Election General Auditing Committee announced the official results of the election of the fourth Legislative Assembly of Macao on Tuesday night.     In line with the Basic Law, the new legislature is composed of 29 seats including 12 directly-elected seats, 10 indirectly-elected seats, and seven others which will be appointed by the SAR's chief executive.     A total of 122 candidates from 16 groups contested in the direct elections, while the indirect elections did not take place since only 10 candidates have been fielded by the four constituencies involved for the 10 seats.     Eight of the 12 candidates who won the direct elections were veteran lawmakers that have served their terms in the legislature, which includes Kwan Tsui Hang, Chan Meng Kam, Ng Kuok Cheong, Angela Leong On Kei, Jose Maria Pereira Coutinho, Lee Chong Cheng, Ung Choi Kun, and Au Kam San were the winners of the direct elections, while Ho Ion Sang, Mak Soi Kun, Chan Wai Chi and Melinda Chan Mei Yi become the new faces in the legislature.     For the part of indirect elections, the list of winners comprises Ho Iat Seng, Kou Hoi In, Fong Chi Keong, and Cheang Chi Keong of the industrial, commercial and financial sector; Lau Cheok Va, Lam Heong Sang of labor sector; Chui Sai Cheong and Leonel Alberto Alves of professional sector; Vitor Cheung Lup Kwan and Chan Chak Mo of social, cultural, educational and sports sector.     The election of the fourth term of the Legislative Assembly of the Macao SAR officially started Sunday morning. The authorities delayed announcing the results of the legislative election because6,539 ballots were found to be spoiled, the SAR's Legislative Election Affairs committee said Monday.     Some 149,006 of the total 249,886 registered voters cast their ballots during the polling period, but 6,539 of these ballots were deemed as invalid, according to the SAR's Legislative Election Affairs Committee.     This year's voter turnout stood at 59.9 percent, compared with 58.39 percent in the previous legislative election in 2005.     The results of the legislative election still need to be submitted to the SAR's Court for final approval, and the confirmed results will be published on the SAR's Official Gazette on Sept. 30 at the latest.

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KAMPALA, Aug. 5 (Xinhua) -- Chinese Special Envoy on African Affairs Liu Guijin on Wednesday called for concerted efforts to be made especially by western countries toward an early ending of Darfur crisis in western Sudan through negotiations between warring parties.     "There is no military solution on the ground. The only possible solution to Darfur problem is the political process," Liu told reporters in a press briefing held here at the Chinese Embassy.     "We need a comprehensive approach to address the problem. To have embargoes or sanctions will not solve the problem," he said during a two-day visit here.     Liu said that China has been extensively involved in facilitating the peace process in Darfur by persuading the Sudanese government to show more flexibility, which has led to Sudan's acceptance of a hybrid peacekeeping mission in the region led by the African Union (AU) and the United Nations (UN).     He further urged his western colleagues, who seem to have more access to and influence on rebels, to spare no effort to bring them to the negotiation table.     "We appeal to our western partners to exert more influence to convince the rebels to agree and come to the negotiating table with the government of Sudan," he said.     The smooth implementation of the Darfur Peace Agreement (DPA) and the Comprehensive Peace Agreement (CPA) reached between northern and southern Sudan is the only means to achieve total and sustainable peace in the country, he noted.     The envoy said he fully supports the position taken by the AU and the Arab League on the arrest warrant for Sudanese President Omar al Bashir issued by the International Criminal Court (ICC) in March this year.     The warrant details charges of crimes against humanity and war crimes committed during the conflict in Darfur.     The AU has decided not to cooperate with ICC before an independent investigation is done by former South African President Thabo Mbeki.     "We criticize such move and refuse to cooperate with it. The position of the Chinese government is in compliance with the AU and the Arab League position," Liu said, noting President Bashir has a significant role to play in the implementation of CPA and DPA.     "President Bahir has played a very key role in DPA and CPA. How can you implement them without the involvement of the Sudanese government? If you want peace to be realized in Sudan, the government is a must in this process," he said.     On the concern that the deteriorating relationship between Sudan and neighboring Chad could further impede the peace process in Darfur, Liu said China has been mediating between the two countries to normalize their bilateral relations.     In his recent visits to the two countries, he had tried to persuade the two sides that normalizing the bilateral relationship is for their mutual and shared interests, Liu said. 

BEIJING, Oct. 1 (Xinhua) -- Chinese President Hu Jintao and other leaders offered a rare glimpse of their dancing steps and singing voices Thursday evening as they joined tens of thousands of people at an evening gala celebrating New China's 60th birthday.     Red lanterns, bright lights, 33-minute spectacular fireworks, high-spirited songs and dances turned the Tian'anmen Square in central Beijing into a sea of joy Thursday evening. Hu Jintao, general secretary of the Central Committee of the Communist Party of China, Chinese president and chairman of the Central Military Commission, joins the grand gala celebrating the 60th anniversary of the founding of the People's Republic of China, on the Tian'anmen square in central Beijing, capital of China, Oct. 1, 2009. Hu and Jiang Zemin, Wu Bangguo, Wen Jiabao, Jia Qinglin, Li Changchun, Xi Jinping, Li Keqiang, He Guoqiang, Zhou Yongkang, as well as many other leaders, incumbent and retired, came to watch the performances from the Tian'anmen Rostrum since 8 p.m. when the gala began.     About 60,000 people dressed in festive costume, including public servants, company workers, university students, servicemen and local residents, took part in the gala eulogizing Chinese people's love for the nation and great unity of all ethnic groups. Former Chinese President Jiang Zemin (C) joins the grand gala celebrating the 60th anniversary of the founding of the People's Republic of China, on the Tian'anmen square in central Beijing, capital of China, Oct. 1, 2009. More than 4,000 performers manipulated computer-controlled LED electronic trees to form a "light cube", which showed the images of olive trees and doves as well as characters including "long live the motherland".     At about 9:20 p.m., Hu, Jiang and other leaders descended the rostrum to join the crowd at the square amid applauses, cheers and fireworks.     To the cheerful and light-hearted rhythm, the leaders and people wearing traditional costumes of different ethnic groups began their group dancing.     Meiha Ay, a Uygur teacher in Beijing, told Xinhua later that she enjoyed the moment of dancing with President Hu hand-in-hand.     "I'm so honored to dance with the leader on behalf of the Uygur people," she said. "We wish the country a better future."     "The solidarity between the Party and people of all ethnic groups is the guarantee of the great rejuvenation of the Chinese nation," said Prof. Cai Xia with Party School of the Central Committee of CPC. "The leaders' joining in the festive crowd was of political implication."     "The five-star red flag is fluttering in the wind, the song of victory is sung aloud..." After the dance, the leaders and 60,000 people sang together the patriotic song "Ode to the Motherland".     The chorus brought the square's fervor to a climax and the people had radiant smiles on the face.     Tibetan girl Ngawang Qungji said she was excited that President Hu joined hands with Tibetan and Uygur performers to dance.     "We are just like the members of the same family and celebrate our mother's birthday together," she said.     "There are so many reasons for us to be proud of the great changes over the past 60 years," she said. "I even couldn't help crying when I saw the fireworks portraying a train running on the Qinghai-Tibet Railway lighted the Tian'anmen Square."     Senior Chinese can still remember another touching scene on the evening of the National Day in 1966 when Chairman Mao Zedong and Premier Zhou Enlai, surrounded by a crowd of civilians, sat on the cold ground of the Golden Water Bridge in front of the Tian'anmen Rostrum to enjoy watching the fireworks show with beaming faces.     Behind the close relationship between CPC leaders and the people is the "Mass Line," the fundamental work method of the CPC, which means "all for the masses, all rely on the masses" and "from the masses, to the masses." The "Mass Line" has been cherished by the CPC as a guarantee to achieve victories in its cause.     "Beside sharing the joy of celebration, what touches me more is that the leaders always go to the front line to share people's woes when they are in difficulty," said Chen Yanyan, a Beijing citizen, while watching the televised gala performance.

PINGYAO, Shanxi, Sept. 19 (Xinhua) -- A photo exhibition exclusively dedicated to Canadian surgeon Henry Norman Bethune opened Saturday at the Pingyao International Photography Festival in north China's Shanxi Province.     Bethune is a household name in China, a country where he saved numerous lives and sacrificed his own in 1939 during China's War of Resistance Against Japanese aggression.     "He is noble-minded and pure, a man of moral integrity and above vulgar interests, a man who is of value to the people," Chairman Mao wrote in his article In Memory of Norman Bethune.     The exhibition consists of 41 photos of Dr. Bethune living and working in China, some of which had never been shown before.     "As Canadians, we are all proud to be associated with this visionary adventurer and deeply touched by the respect and recognition shown to him here in China," said Canadian Ambassador to China, David Mulroney.     Most of the pictures were provided by Wang Yan, daughter of ShaFei, who was a forefather of China's news photography and a close friend of Bethune.     "I remember that I was touched when I first read about Bethune in my school days and now it feels like looking at the pictures of an old friend who has just passed away," said visitor Wu Jun.     "Many people love Bethune for they have learnt his deeds and spirit in Chairman Mao's article while my affection for him comes from his friendship with my father," Wang said. "Bethune was my father's mentor as he exemplified the essence of communism."     Upon his death Bethune left his Kodak Retina camera to Sha Fei.     Bethune also healed Japanese soldiers, took pictures of them, which were sent back to Japan.     "He wished the Japanese people would protest against the war when they saw how their sons were suffering on battlefield. He was a true humanist," Wang said.     Just before he died, Bethune wrote in a letter, saying that the last two years (those he spent in China) have been the most significant, the most meaningful years of his life.

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BEIJING, Oct. 8 (Xinhua) -- As more people made return trips to go back home and work, China saw a traffic boom on Thursday. Road transport departments nationwide carried 62.23 million passengers on Thursday, up 9.0 percent over the same day last year, according to the Ministry of Transport (MOT).     In the eight-day holiday, a total of 488 million passengers made journeys by road transport, representing an increase of 6.8 percent over the same period last year. Passengers queue to receive security check at the subway station entrance of Beijing Railway Station in Beijing, capital of China, Oct. 7, 2009. As the National Day holidays are about to end, the railway transportation witnessed a travel peak all over the nation    Some 820,000 medium and large-size busses were put into use from Oct.1 to Oct. 8. Of the total, more than 80,000 were tourism buses.     According to the Civil Aviation Administration, 5.29 million people traveled by air during the holiday, up 7.8 percent over the same period last year.     He Jianzhong, the MOT spokesman said the transport departments made full preparations to cope with the 16th typhoon of this year, "Ketsana", dealing with 4 dangerous cases, involving 44 people.     Marine salvage departments put 72 ships and 12 helicopters into service during the holiday period, said He.

PHUKET, Thailand, July 21 (Xinhua) -- China is willing to cooperate with the Philippines to push forward the relations between the two countries, said Chinese Foreign Minister Yang Jiechi in the meeting with his Philippine counterpart Alberto Romulo Tuesday.     The Chinese government encourages and supports competitive enterprises to invest in the Philippines, and it also promotes cooperation in areas such as agriculture and new energy, said Yang. Chinese Foreign Minister Yang Jiechi (L) meets with his Philippine counterpart Alberto Romulo in Phuket, southern Thailand, July 21, 2009The Philippines will also work with China to push forward the relations between the two countries, said Romulo.     The year 2010 marks the 35th anniversary of establishment of diplomatic relations between the two counties.     Both Yang and Romulo will take part in an ASEAN Regional Forum held on Thursday. The ASEAN, or the Association of Southeast Asia Nations, groups Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam.

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SINGAPORE, Aug. 24 (Xinhua) -- The 6th China-Singapore Joint Council Meeting for Bilateral Cooperation, co-chaired by visiting Chinese Vice Premier Wang Qishan and Singapore's Deputy Prime Minister Wong Kan Seng, was held here on Monday.     During the meeting, Wang Qishan spoke highly of the China-Singapore relations. He said that both countries have maintained frequent interflow of high-level visits, cooperations between the two countries have advanced in all-round way with good results. Against the backdrop of the international financial crisis, it is of great significance that China and Singapore actively explore new ways and areas of cooperation. Chinese Vice Premier Wang Qishan (L) meets with Singapore's Prime Minister Lee Hsien Loong in Singapore, on Aug. 24, 2009. At the invitation of Singapore's Deputy Prime Minister Wong Kan Seng, Wang Qishan arrived here on Sunday to start a four-day official visit to the city state    Singapore's Deputy Prime Minister Wong Kan Seng said that the bilateral ties have developed rapidly based on mutual trust, friendship and cooperation. He said that Singapore is confident in the future of China, and is willing to work more closely together to enhance bilateral relations. Chinese Vice Premier Wang Qishan (2nd R) meets with Singapore's Prime Minister Lee Hsien Loong (4th L) in Singapore, on Aug. 24, 2009Earlier Monday, Wang Qishan and Wong Kan Seng also co-chaired the 11th China-Singapore Joint Steering Council Meeting for the Suzhou Industrial Park and the 2nd China-Singapore Joint Steering Council Meeting for the Tianjin Eco-City. They also witnessed the signing of Memorandums of Understanding (MOUs) related to educational cooperation and science and technology, and a Protocol to the tax treaty between the two countries.     At the invitation of Singapore's Deputy Prime Minister Wong Kan Seng, Chinese Vice Premier Wang Qishan arrived here on Sunday to start a four-day official visit to the city state.

BEIJING, Oct. 11 (Xinhua) -- China resolutely opposes U.S. move to start anti-dumping and anti-subsidy investigations into seamless steel pipes imported from China, the Ministry of Commerce(MOC) said.     The current hardships facing the U.S. steel industry was because consumption and demand waned after the financial crisis. "Blindly blaming Chinese imports of dumping or subsidies is lack of factual bases, which China strongly opposes," MOC announced in a statement on its website Saturday.     The statement came after U.S. Department of Commerce said Wednesday that it had initiated anti-dumping and countervailing duty investigations at the request of the U.S. Steel Corporation, V&M Star LP, TMK IPSCO and the United Steelworkers (USW).     The U.S. petitioners requested a 98.37-percent anti-dumping duty against the Chinese imports and additional countervailing duties to offset what they allege are Chinese government subsidies.     The case was the seventh such investigations this year launched by the U.S. Department of Commerce against Chinese imports that included claims of both dumping and subsidies, MOC said.     Resorting to trade protectionism would not solve the real problem, instead it would hurt the interests of U.S. downstream steel businesses as well as bilateral trade, it said.