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SINGAPORE, Nov. 12 (Xinhua) -- Chinese President Hu Jintao said here Thursday that China and Singapore should strive to create new opportunities for bilateral cooperation in an effort to achieve economic recovery at an early date.     Hu made the remarks during a speech at a reception held by Singapore business circles, which was also attended by Singapore's Deputy Prime Minister Wong Kan Seng. Chinese President Hu Jintao delivers a speech during a reception held by Singapore business circles in Singapore, Nov. 12, 2009.The Chinese president expressed full confidence in the prospect of China-Singapore trade and economic cooperation, calling for the two nations to work together to create an even brighter future for their mutually beneficial cooperation.     China and Singapore have maintained close high-level contacts and achieved fruitful cooperation in various fields since they established diplomatic ties in 1990, said Hu, who is on a state visit to Singapore.     Singapore has now become an important cooperative partner of China in the ASEAN region and bilateral trade and economic cooperation between the two nations have been growing steadily, the Chinese president said.     "China-Singapore cooperation has always been closely connected with the development strategy of both countries and progressed with times," Hu said.     The "flagship projects" in bilateral cooperation, including the Suzhou Industrial Park and Tianjin Eco-City projects, have seen remarkable achievements and smooth progress, Hu said.     He added that the implementation of a free trade arrangement between China and Singapore has helped raise the level of their economic cooperation.     The friendly and mutually beneficial cooperation between China and Singapore has not only brought about substantial benefits to their people, but also helped promote regional peace, stability and prosperity, he stressed.     China will staunchly adhere to the path of peaceful development and the opening-up strategy for mutual benefits and win-win situations. It will continue to develop friendly cooperation with countries around the world on the basis of the five principles of peaceful coexistence, the president said.     The country will also continue to work with nations globally to strive to build a harmonious world with lasting peace and common prosperity, he said.     The business circles of Singapore voiced their belief that a stable and prosperous China would bring benefits to the region and the world as a whole.     They also expressed the willingness to continue to play an active role in advancing mutually beneficial cooperation and bilateral ties between Singapore and China.     Trade between China and Singapore reached 52.4 billion U.S. dollars in 2008, up 10.5 percent year-on-year.     Up until now, Singapore has made investments worth more than 40 billion U.S. dollar in China. It has become one of the top overseas investment destinations for Chinese companies.

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KUALA LUMPUR, Dec. 3 (Xinhua) -- Malaysian Prime Minister Najib Tun Razak met here on Thursday with Liu Qi, member of the Political Bureau of the Communist Party of China (CPC) Central Committee and Secretary of the Beijing Municipal Committee of the CPC.     The two sides exchanged views on the China-Malaysia ties and the relations between the CPC and the United Malays National Organization (UMNO) as well as economic cooperation between the two countries.     Liu said that the relationship between China and Malaysia develops smoothly since the two countries established the diplomatic ties 35 years ago, with increasing mutual trust in politics and remarkable achievements in economic and trade cooperation. Malaysian Prime Minister Najib Razak (L) meets with Liu Qi, member of the Political Bureau of the Communist Party of China (CPC) Central Committee and secretary of the Beijing Municipal Committee of the CPC, in Kuala Lumpur Dec. 3, 2009    Chinese President Hu Jintao's recent visit to Malaysia enhanced strategic cooperation between China and Malaysia to a new height, Liu said.     He also noted that China attached great importance to pushing ahead its friendly cooperation ties with Malaysia and is willing to work together with Malaysia to further deepen and expand the cooperation between the two countries in various fields.     Liu also spoke highly of interactions between the CPC and the UMNO. Malaysian Prime Minister Najib Razak (L) meets with Liu Qi (R, front), member of the Political Bureau of the Communist Party of China (CPC) Central Committee and secretary of the Beijing Municipal Committee of the CPC, in Kuala Lumpur Dec. 3, 2009. Najib, who is also president of Malaysia's leading ruling party UMNO, agreed with Liu's comment on the ties between the two countries.     He said that Malaysia and China reached many consensuses when Chinese President Hu Jintao visited Malaysia last month.     He hoped that the two sides work together to carry out pragmatic cooperation.     Najib also said that UMNO attached great importance to its inter-party relationship with the CPC, hoping that the two parties to further strengthen their interactions and cooperation.     Liu arrived here on Wednesday on a friendly visit to Malaysia after winding up his visit to Indonesia.

CAIRO, Nov. 6 (Xinhua) -- Chinese Premier Wen Jiabao arrived here Friday, starting a two-day official visit to Egypt preceding a top-level review of action to build China-Africa cooperation.     Egyptian Prime Minister Ahmed Nazef received Wen at the airport.     During his visit, Wen is scheduled to meet with Egyptian President Hosni Mubarak and hold talks with Nazef. He will also meet with Arab League chief Amr Mussa, and deliver a speech at the Arab League headquarters in Cairo.     This is Wen's second official visit to Egypt. The first was in 2006, which marked the 50th anniversary of establishing diplomaticties between China and Egypt. Visiting Chinese Premier Wen Jiabao is greeted during a welcoming ceremony in Cairo, capital of Egypt, Nov. 6, 2009After his official visit to Egypt, Wen will attend the opening ceremony of the fourth ministerial meeting of the Forum on China-Africa Cooperation (FOCAC) in the Egyptian resort of Sharm el-Sheikh on Sunday.     Wen will also hold bilateral meetings with leaders of FOCAC member countries at Sharm el-Sheikh.     The FOCAC meeting, an important gathering after the Beijing Summit of the forum in November 2006, will review how the consensus of the Beijing Summit has been implemented.     It is also expected to adopt a declaration and an action plan for 2010-2012 to chart the path for further China-Africa cooperation.     Chinese Foreign Minister Yang Jiechi and Commerce Minister Chen Deming, as well as other senior officials, are accompanying Wen.

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BEIJING, Dec. 7 (Xinhua) -- Vice Premier Wang Qishan on Monday hoped China and Germany would increase mutually-beneficial cooperation in various fields to promote bilateral relations.     "China and Germany are highly complementary in economy and share great potential for cooperation," Wang told visiting German Federal Minister of Economics and Technology Rainer Bruederle.     Hailing the China-Germany 37-year diplomatic relations, Wang said the two nations had witnessed frequent high-level exchanges and increased cooperation in economy, trade, investment, science, technology, culture and other fields.     China was in a period which witnessed accelerated industrialization and urbanization, Wang said. "We will unswervingly follow the principle of putting people first and the scientific concept on development to seek sustainable development."     Bruederle said Germany would work with China to expand bilateral cooperation, in a bid to promote healthy and stable development of trade and economic relations between the two nations.

BEIJING, Oct. 26 -- Delegations from more than 84 countries and regions will participate the ITD conference Monday, and a host of international experts from governments, the private sector and academia will make presentations and lead discussions on this important topic.     The ITD is a cooperative venture formed in 2002 and comprised of the International Monetary Fund (IMF), the Organisation for Economic Cooperation and Development (OECD), the World Bank, the Inter-American Development Bank, the European Commission and the UK Department for International Development.     Its purpose is to foster dialogue on important topics in tax policy and administration and to function as a disseminator and repository of information on matters of interest in taxation around the world, through its website, www.itdweb.org.     The IMF attaches great importance to its role as a founding member of the ITD. Recent events in the world economy have made even clearer the necessity of international cooperation and sharing experience in economic matters, and this is the very purpose, which the ITD serves.     The topic of this conference is a timely and critical one. The world has been reminded recently and forcefully of the great importance of the financial sector for macroeconomic stability, growth, and development goals. The sector plays a critical intermediating function - without it credit could not exist, capital could not be channeled to useful purposes and risks could not be managed.     The conference will take place against the background of the worst financial and economic crisis to strike the world in three generations, and, while taxation was not itself the cause of the crisis, elements of the tax system are relevant to its background and resolution.     Most tax systems embody incentives for corporations, financial institutions and in some cases individuals to use debt rather than equity finance.     This is likely to have contributed to the crisis by leading to higher levels of debt than would otherwise have existed - even though there were no obvious tax changes that would explain rapid increases in debt. Tax distortions may also have encouraged the development of complex and opaque financial instruments and structures, including through extensive use of low-tax jurisdictions - which in turn contributed to the difficulty of identifying true levels of risk.     The magnitude of the fiscal challenges facing the world economy is greater than at any other time since World War II.     Estimates done by IMF staff on the fiscal adjustment necessary to bring government debt-to-GDP ratios down to 60 percent by 2030 - over 20 years hence - show a gap in the cyclically adjusted primary balances of some 8 percentage points of GDP in advanced economies to be closed between 2010 and 2020.     This cannot all be accomplished by expenditure reduction. New, or increased, sources of revenue will need to be found, on average perhaps 3 percentage points of GDP. While improvements in compliance and administration could account for some of that gap, it will be necessary to adjust tax policies to a degree not hitherto seen on a wide scale.     Although the world economy remains weak with downside risks and much hardship remain, signs of improvement are thankfully now visible.     This is an opportune juncture, therefore, to begin the work of planning countries' exits from the deteriorated fiscal positions developed in response to the crisis, and to give thought to questions raised by the performance of the financial sector in triggering the crisis.     What role can better tax policies and administration play in preventing a recurrence of this costly episode in economic history?     The financial sector has been, and must continue to be, a critical link in the development of the world's economies. The sector has played a key role in accelerating the development of the emerging markets - many of which, prior to this most recent episode, had grown able to tap the world's financial resources at an increasing rate unparalleled in history.     And for the world's most vulnerable economies, continued financial deepening will be absolutely necessary to permit them to meet their development goals. The upcoming conference will consider the role of taxation in both the industrial and developing countries with respect to these goals.     The conference will address not only the role of the financial sector as a source of revenue itself, and its broader role in the development and growth of the world economy, but also its function in assisting in administration of the tax system-through information reporting, collection of tax payments, and withholding.     This latter role will become ever more important with growing international cooperation in fighting tax evasion and avoidance.     Finally, we must not lose sight of the main function of the tax system - to raise revenue in an economically efficient, non-distortionary, and administratively feasible manner.     Even fully recognizing the existence of both market failures and policy-induced vulnerabilities, including those that contributed to this crisis, it is important to avoid accidentally introducing distortions through the tax system that may prove worse than the evils they are intended to remedy.     "Neutrality" of taxation of the financial sector in this sense is a benchmark against which deviations from this objective may be measured and judged.     One must ask whether any proposed interventions are targeted at a recognized externality or existing distortion, and, if so, whether the proposed action is the most appropriate response. And the multilateral institutions, in particular, must look to the effects which the financial sector and its taxation may have not only on the world's highly developed economies-those with the greatest depth of financial intermediation-but at the effects, direct and indirect, on the world's developing nations.     International cooperation on these matters will be critical to making improvements that will benefit all of us. This week's important event, hosted by the Chinese government and organized by the ITD, is itself a model in this regard.

BEIJING, Dec. 2 (Xinhua) -- Chinese vice premier Li Keqiang has called for efforts to build the South-to-North Water Diversion Project into a water-efficient and environment-friendly project.     Li made the remarks at a meeting held by the State Council on Tuesday, saying the government should stick to policies regarding resource-conservation and environment-protection in the construction work.     Li ordered relevant departments to intensify their efforts on pollution control and eco-environment protection in both the water source area and areas along the project in the course of construction.     Li, who is also a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, stressed that a good job on the resettlement of residents is essential.     Addressing the meeting, vice premier Hui Liangyu ordered attaching great importance to quality and safety, strengthening pollution treatment and properly resettling local residents.     Launched in 2002, the South-to-North Water Diversion Project, consisting of eastern, middle and western routes, is designed to divert water from the water-rich south of the country, mainly the Yangtze River, to the dry north.     By the end of October, the government has invested 34 billion yuan (or 4.98 billion U.S. dollars) in the eastern and middle routes, and part of the project has contributed to alleviate the water strain in Beijing.

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BEIJING, Nov. 26 (Xinhua) -- China has tightened settlement and sale of foreign exchange by individuals to curb non-normal cross-border capital inflow, according to a statement of the State Administration of Foreign Exchange (SAFE).     Banks should deny, review or report to foreign exchange regulators, individual purchases or settlements of foreign exchange suspicious of splitting up one deal into several smaller ones to dodge limits on the size of exchange transfer by one person, which is understood to be one of the channels for hot money inflow, said the statement on Wednesday.     Practices including one overseas individual or institution remitting foreign exchange to five or more individuals within China who settle them respectively, or five or more individuals buying foreign exchange and remitting them to one and the same overseas individual or institution, on a single day, every other day or consecutive days, are considered exchange splitting behavior, said the SAFE.     China in 2007 set the limit of up to 50,000 U.S. dollars per year for an individual to exchange between yuan and foreign exchange.

TAICHUNG, Dec. 22 (Xinhua) -- Negotiators of the Chinese mainland and Taiwan ended a new round of talks Tuesday as the two sides agreed to cooperate in farm produce quarantine and cross-Strait employment of fishermen, as well as to deal with different product quality standards.     In an evening banquet held by the mainland's Association for Relations Across the Taiwan Straits (ARATS) Tuesday, ARATS president Chen Yunlin expressed his gratitude to the Straits Exchange Foundation (SEF) and to those in Taiwan who had contributed to the ARATS-SEF meeting.     The fruitful meetings between the two organizations were made possible by both sides across the Taiwan Strait, Chen said.     He said the two sides should continue to contribute to the peaceful development of the cross-Strait ties despite all difficulties. Chiang Pin-kung, chairman of the Taiwan-based Straits Exchange Foundation (SEF), speaks during the banquet held by Chinese mainland's Association for Relations Across the Taiwan Straits (ARATS), in Taichung of southeast China's Taiwan, Dec. 22, 2009. The ARATS held the banquet to express its thanks to SEF and the people who had worked for the talks between the two organizations    SEF chairman Chiang Pin-kun said negotiations between the ARATS and SEF had helped sign 12 agreements and reach one consensus between the mainland and Taiwan, all of which were aimed for peace and economic prosperity of both sides.     He called on the two sides to overcome difficulties with wisdom.     During Tuesday's meeting, the ARATS and the SEF signed three agreements on farm produce quarantine, the cooperation in standards measuring, inspection and certification, and on cross-Strait employment of fishermen.     "All the topics we choose to discuss are closely related to the interests of people," said Chen Yunlin at the opening of the talks. "The only way to measure our efforts is whether the agreements really benefit people across the Taiwan Strait."     In the previous three rounds of talks since June 2008, the two sides reached nine agreements concerning transport, trade, tourism, cooperation in finance and fighting crime among other issues.     "We have done many things in the past one and half years that should have been done long before. We will work with our Taiwan counterparts to make sure the agreements are implemented and to close loopholes in them." Chen said.     Chiang Pin-kun said Taiwan and mainland must jointly tackle economic challenges, and the establishment of a cross-Strait economic framework should not be delayed.     He called on both sides to contribute to economic prosperity and development as well as long-term peace and stability.     The agreements reached at previous meetings between SEF and ARATS had brought substantial benefits for the normalization of cross-Strait communication and benefited people on both sides, he said.     However, there was room for improvement and both sides needed to carry out further negotiations, he said.     He called for both sides across the Taiwan Strait to continue efforts to push for the development of systematic talks and promote cross-Strait communication and cooperation.     The ARATS and SEF are expected to discuss future negotiations on the Economic Cooperation Framework Agreement (ECFA), although talks on the agreement were not on the agenda of this meeting.     The two sides reached a basic consensus on avoiding double taxation and strengthening taxation cooperation in a preparatory meeting Monday afternoon. Chen Yunlin, president of the Chinese mainland's Association for Relations Across the Taiwan Straits (ARATS), speaks during the banquet held by ARATS, in Taichung of southeast China's Taiwan, Dec. 22, 2009. The ARATS held the banquet to express its thanks to the Taiwan-based Straits Exchange Foundation (SEF) and the people who had worked for the talks between the two organizations

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CAIRO, Dec. 3 (Xinhua) -- China and Africa look forward to deepening cooperation in various fields, especially science and technology, industry, agriculture and environment, said Egyptian and Chinese officials at a science and technology expo, which opened here on Thursday.     In the opening ceremony of China Exhibition on Innovative Technologies and Products in Egypt, Minister of Higher Education and the State for Scientific Research of Egypt, Dr. Hani Hillal, said that his country reaffirms the support for scientific and technological cooperation between China and Africa.     "China exhibition is an important forum to know more about the progress China has reached in scientific and technological fields, and it is also an important forum for the convergence of scientists and researchers with the men from industry and innovation," Hillal added.  An electric vehicle is on display during an exhibition showcasing Chinese innovative technologies and products in Cairo, capital of Egypt, on Dec. 3, 2009. More than 180 new technologies and products with Chinese proprietary innovations highlighted the three-day exhibition, kicking off here on Thursday    "Egyptian-Chinese relations are steadily growing and several weeks ago Egyptian President Hosni Mubarak and Chinese Premier Wen Jiabao opened the 4th ministerial conference of the Forum on China-Africa Cooperation (FOCAC)," said Magid George, Egypt's Minister of State for the Environment.     George said that the expo is an important event to present Chinese technology to African and Arab countries because China is considered a leading nation in development, expressing hope that the exhibition will provide an opportunity for the countries to get acquainted with progress in technology and innovation amid great challenges.     This exhibition is held in line with the eight measures announced by Chinese Premier Wen Jiabao during the 4th ministerial conference of FOCAC held last month in Sharm el-Sheikh to promote technological cooperation between China and Africa, said Special Representative of the Chinese Minister of Science and Technology Zheng Guoan, noting that it could transfer technological expertise and experience to African countries.     "This exhibition is part of a technological partnership program aimed at strengthening China-Africa relationship and helping African countries raise the technological capability," he added.     The Chinese Ambassador in Cairo, Wu Chunhua, pointed out that China is the largest developing country in the world and Africa has the most developing countries in the world, stressing that such cooperation would benefit both sides.     "This exhibition is a good platform and mechanism to achieve mutual understanding between China and Africa," he added. Visitors view Chinese subway train models during an exhibition showcasing Chinese innovative technologies and products in Cairo, capital of Egypt, on Dec. 3, 2009.The China Exhibition on Innovative Technologies and Products in Cairo, held from December 3 to 5, is cosponsored by the Ministry of Science and Technology of China and the Ministry of Higher Education and Scientific Research of Egypt and organized by China Science and Technology Exchange Center and the Torch High Technology Industry Development Center.     The event aims at promoting science and technology and trade flow between China and Egypt as well as other African countries, and boosting the mutual understanding and friendship between the Chinese and African people.     Representatives from nearly 150 research institutes, universities, producers and science and technology agencies from 19 Chinese provinces attended the exhibition.

BEIJING, Dec. 28 (Xinhua) -- China's anti-graft chief He Guoqiang on Monday called on the discipline inspection agencies dispatched by the Central Commission for Discipline Inspection to make due contributions to the fight against corruption.     The agencies should strengthen the supervision over the leaders of relevant units, further investigate the cases of dereliction, bribery and abuse of power and focus on cases leading to mass incidents and other serious ones, He, head of the commission, said in a meeting in Beijing.     The CCDI agencies played an important role in China's great achievement in fighting against corruption in 2009, said He, a member of the Standing Committee of the Political Bureau of the CPC Central Committee.     Despite the achievements, the unified management of the CCDI agencies is a new thing that need to be improved in practice, he said, urging the agencies to explore new ways in curbing corruption.     He also called on the government organs to support the work of the agencies and help to solve the discipline inspectors' difficulties in life and work.

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