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CHRISTCHURCH, New Zealand, Nov. 1 (Xinhua) -- Chinese Vice Premier Li Keqiang on Sunday visited Canterbury University to open the second Confucius Institute in New Zealand.     Li said during the opening ceremony that cultural and educational cooperation are important parts of relations between China and New Zealand.     China has become the largest source of overseas students and the fastest growing source of international tourists to New Zealand, while people in New Zealand are taking a strong interest in studying the Chinese language and getting acquainted with Chinese culture, he said.     The new Confucius Institute, jointly founded by Canterbury University and China's Huazhong Science and Technology University, represents another achievement of the exchanges and cooperation between the two nations, Li said.     He said he hoped the institute would become a link between the two countries in cultural and educational exchanges. Visiting Chinese Vice Premier Li Keqiang (L) gives the tablet to Rod Carr, Vice-Chancellor of University of Canterbury, during the inauguration of Confucius Institute of University of Canterbury in Christchurch, New Zealand, Nov. 1, 2009    China and New Zealand have become good friends and partners based on mutual respect and trust, he said.     He said he believed the two countries will further strengthen communications, enhance mutual trust, consolidate their traditional friendship and push their bilateral relations to a newlevel.     In addition to opening the institute on the first day of his three-day visit to New Zealand, the Chinese vice premier also met with Christchurch Mayor Bob Parker.     During the meeting, Li said China has attached importance to developing cooperative ties with Christchurch, the largest city on New Zealand's South Island. The two sides, the vice premier said, have conducted fruitful exchanges and cooperation in animal husbandry, scientific research and education.     The two sides should deepen their cooperation in such fields as farming and animal husbandry, and expand exchanges and cooperation in trade, science and technology, culture, education and tourism, Li said.     Parker said the opening of the Confucius Institute marks a new development in New Zealand-China cooperation. He said Christchurch would continue to play a positive role in strengthening the two nations' bilateral friendship and cooperation.     Li arrived in Christchurch after an official visit to Australia. He will travel to Papua New Guinea after his visit to New Zealand.

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Obama arrives in Beijing to continue China visitObama visits Great Wall, "inspired by its majesty"World needs China-U.S. cooperationWen: China disagrees to so-called G2, calling for effort to fight protectionismChinese premier hopes Obama's visit to lift China-U.S. cooperation to new levelChinese PM to meet US President ObamaHu meets with Obama, makes 5 proposals for Sino-U.S. relations英语新闻:China, U.S. issue joint statement" href="/englishnews/nation/2009-11-17/94702.html" target="_blank">China, U.S. issue joint statementHu, Obama meet pressHu holds official talks with Obama on bilateral tiesHu hosts welcome ceremony for U.S. President ObamaChinese President Hu Jintao to meet ObamaObama arrives in Beijing to continue China visitChinese children break down cultural barriers to foreign friendshipObama upbeat about Sino-U.S. ties, pins hope on younger generationClean energy most beneficiary area for U.S.-China cooperation: U.S. officialObama holds dialogue with Chinese youthsObama welcomes China as a "strong, prosperous and successful" nationObama: U.S. has positive, constructive, comprehensive relationship with ChinaObama reiterates one-China policy, pleased to see improving cross-strait tiesObama says economic recovery, climate change top his agenda with Chinese President HuObama calls for closer U.S.-China co-op in tackling climate changeObama: Al-Qaida still greatest threat to U.S. securityObama says Shanghai, Chicago can cooperate on clean energyU.S. to increase students in China to 100,000Obama arrives in China for state visitShanghai Party chief meets U.S. President ObamaObama calls for diversity of cultures in worldU.S. President Obama arrives in China for state visit Commentary: China, U.S. sail in one boat amid global tidesObama to meet Shanghai officials, Chinese youths before heading for BeijingObama's exchange with Chinese youth to be broadcast live online

BEIJING, Nov. 2 (Xinhua) -- Stocks on ChiNext, the country's Nasdaq-style board for domestic start-up firms, rode on a roller coaster on the first two trading days: soaring at debut and taking a sudden turn on the second day.     Twenty stocks out of the total 28 fell by the daily limit of 10percent at Monday close, compared with an average of 106.23 percent surge on Friday, the first trading day, driven by a speculative surge for quick profits.     About 252,600 individual investors bought 423 million new shares at ChiNext on Friday, accounting for more than 97 percent of all new shares on the market.     The average price-earnings ratio for the initial public offering prices was at around 55.70 times, and then was pushed up to around 111 times, much higher than 25.98 times and 37.80 times at main boards in Shanghai and Shenzhen bourses respectively.     The bubbly opening led to warnings of risks posed by excessive speculation and inflated stock price.     Jin Yanshi, chief economist with the Sinolink Securities, said the price-earnings ratio was too high driven by the irrational buying spree. He said the frenzy would gradually cool off, and he expected a 30 percent to 50 percent drop of share prices in three to six months.     Analysts said it was typical in China that new shares would face speculation at debut and see large initial gains, followed by a continuous pullback.     China State Construction Engineering Group shares soared more than 60 percent at debut in Shanghai on July 29 from a initial public offering price of 4.18 yuan and ended at 6.53 yuan, up 56.22 percent. On Monday, its close price stood at 4.79 yuan.     It also reminded of the launch of board for small and medium-sized enterprises at Shenzhen Stock Exchange market on June25, 2004, when shares of eight new stocks rose more than 130 percent. The share prices fell by an accumulative 40 percent from the close prices on the first trading day three months later.     China made plans to launch the Nasdaq-style board for trading of start-up shares in 1999 to boost development of small and medium-sized enterprises. The plan was postponed in 2001 when the Internet bubble burst in the United States.     Since 1962, a total of 39 nations or regions have launched 75 such boards for start-up companies to raise funds. However, about half of them ended up closing due to weak market sentiment and regulatory inconsistencies, and 41 markets were operational as of the end of 2007.     The Growth Enterprise Market, kicked in Hong Kong in 1999, was a luck luster as investors were scared away by the plunge in value of technology stocks in 2001. The index fell about 90 percent since then.     By contrast, Nasdaq set up in the United States in 1971 has been a successful one, which attracted giants like Microsoft and Intel, and became the major market for overseas listing of Chinese enterprises. There are currently 116 Chinese companies listed on Nasdaq, including Baidu.     Analysts attributed the main reasons for failure of some markets to blindly lowering threshold of market entry, poor supervision and inactive transaction.     The wild fluctuation challenged the ability of regulators to control volatility in the new bourse and stirred concerns whether it would grow to be a second Nasdaq or the dazzling debut would be the last wild ride.     Shang Fulin, chairman of the China Securities Regulatory Commission said on Oct. 23 that trading on the new board may have a probability of becoming "irrational" than on other bourses.     "Preventing risk is our main task," he said. "We'll make sure risk is estimated, detected and controlled."     The Shenzhen Stock Exchange issued special suspension rules to clamp down on speculation. Trading would be suspended for 30 minutes if share price rises or falls by 20 percent from its debut level. If a stock fluctuates again beyond 50 percent of its opening price, it will be suspended for 30 minutes. The stock can also suspend a stock until three minutes before the close of trading session on a rise or drop above 80 percent.     Zuo Xiaolei, chief economist of the China Galaxy Securities, said the lesson from failure of other markets showed the key to the success of such start-up board was to strengthen supervision while completing rules, which would ward off excessive speculation and rule violations.     The government should develop more policies to attract more firms with great potential growth to make the board bigger and stronger, but threshold for access to the market should not be lowered, analysts said.

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BEIJING, Dec. 3 (Xinhua) -- Chinese Vice Premier Li Keqiang met here Thursday with Sadako Ogata, president of the Japan International Cooperation Agency (JICA).     Li said China-Japan strategic and mutually-beneficial relationship has entered into a new stage and it is in the fundamental interests of the people to stick to China-Japan friendship and mutually-beneficial cooperation.     Li said that the two countries should respect and take care of each other's major concerns, enhance pragmatic cooperation and increase mutual understanding between the two peoples in a bid to push forward bilateral ties in a long-term, healthy and stable manner.     The two governments, via the JICA, Japanese government's overseas aid agency, have conducted effective cooperation since the normalization of bilateral ties, said Li, calling for more exchanges of youth and scientists between the two countries.     Ogata visits China as guest of China's Ministry of Science and Technology

BEIJING, Nov. 21 (Xinhua) -- An earthquake measuring 4.3 on the Richter Scale hit a border area between northwest China's Ningxia Hui Autonomous Region and the northern Inner Mongolia Autonomous Region Saturday afternoon, according to the China Earthquake Networks Center.     The epicenter was at 38.2 degrees north latitude and 106.6 degrees east longitude.     Xinhua reporters in Yinchuan, capital of Ningxia, said tremor was felt in the downtown area.     No casualties have been reported.

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KUALA LUMPUR, Nov. 10 (Xinhua) -- The China-Malaysia relationship is now at an important stage of opening up the future and faces a new opportunity for further development, Chinese President Hu Jintao said here Tuesday evening when meeting with Malaysian Supreme Head of State Mizan Zainal Abidin.     At the welcoming banquet held by Mizan in Hu's honor, the two leaders expressed satisfaction with the good momentum in the development of bilateral ties, saying they are ready to work together to further deepen China-Malaysia cooperation so as to bring benefits to their people and make greater contribution to peace and development in the region. Chinese President Hu Jintao (C) and his wife Liu Yongqing pose with Malaysian Supreme Head of State Mizan Abidin (R) for a group photo during their meeting in Kuala Lumpur, Malaysia, Nov. 10, 2009Hu said that when profound and complicated changes had taken place in the region and consequences of the international financial crisis were still keenly felt, expanding strategic cooperation between China and Malaysia is not only in the common interests of both countries, but also conducive to regional stability and prosperity.     Hu said China attaches great importance to the development of its relations with Malaysia, and is ready to work together with Malaysia to lift bilateral friendly cooperation to higher stages. Chinese President Hu Jintao (3rd L, front) exchanges gifts with Malaysian Supreme Head of State Mizan Abidin (4th L, front) after their meeting in Kuala Lumpur, Malaysia, Nov. 10, 2009Hu said China and Malaysia are good neighbors, friends and partners and that the two peoples share long history of friendly exchanges.     Since the two countries established diplomatic ties 35 years ago, bilateral links have witnessed great progress, Hu said.     With the two countries having established a strategically cooperative relationship, political mutual trust has been continuously deepened and economic and trade cooperation has yielded remarkable results, bringing substantial benefits to the two peoples, Hu added. Chinese President Hu Jintao (C, front) meets with Malaysian Supreme Head of State Mizan Abidin (R, front) in Kuala Lumpur, Malaysia, Nov. 10, 2009Hu said the two sides have expanded exchanges and cooperation in various areas such as education, culture and tourism, and the two peoples have also developed mutual understanding and friendship.     The two countries have maintained close communication and coordination on major international and regional issues and have worked together to safeguard the interests and rights of the developing countries, he said.     Mizan welcomes President Hu's visit to Malaysia, saying the two countries share time-honored friendship and close ties.     Mizan said his country admires the achievement of the People's Republic of China over the past six decades since its founding.     He said that since the establishment of diplomatic ties 35 years ago, the two countries have carried out pragmatic cooperation in a wide range of fields, including trade, investment, tourism, agriculture, education, science and technology.     There have also been frequent exchanges of high-level visits and rapid growth of people-to-people contacts, said the Malaysian leader.     It is very important for the two countries to step up bilateral economic cooperation amid the current global economic recession, he said.     He noted that the two sides share common views and cooperate closely on many regional and international issues, which has served to safeguard the legitimate interests of the two countries and other developing countries.     Malaysia appreciates China's consistent efforts to strengthen cooperation with the Association of Southeast Asian Nations (ASEAN), he said     Malaysia and China have great potential to enhance their cooperation, he said, adding that further development of bilateral ties will be in the interests of both countries and contribute to peace and stability of the region.     President Hu arrived in Kuala Lumpur Tuesday afternoon for a state visit to Malaysia at the invitation of Mizan. During his stay, Hu will also meet with Malaysian Prime Minister Najib Tun Razak and have extensive contact with people from various sectors of Malaysia.

BEIJING, Jan. 9 (Xinhua) -- China on Saturday again expressed strong dissatisfaction and firm opposition to the U.S. arms sales to Taiwan, urging the U.S. to respect China's core interests and withdraw related arms sales plan.     "The U.S. arms sales to Taiwan infringe upon China's security interest as well as peace and stability across the Taiwan Strait, and interfere with China's internal affairs," said Foreign Ministry spokeswoman Jiang Yu in a statement.     Jiang made the comments in response to a reporter's question on U.S. government approval for Raytheon Company to sell 1.1 billion U.S. dollars of Patriot antimissile system to Taiwan.     "We have raised solemn representations to the U.S. side," said Jiang. "We urge the U.S. to stop arms sales to Taiwan to avoid undermining China-U.S. cooperation."     Jiang said, "We urge the U.S. to clearly recognize the severe consequences of arms sales to Taiwan, reject the cold war mentality, and adhere to the three Sino-U.S. joint communiques, especially the principles established in the Joint Communique on Aug. 17, 1982."     The "Aug. 17 communique" stated that the U.S. would not seek to carry out a long-term policy of arms sales to Taiwan, and intended to gradually reduce arms sales.     "We also persuade the Raytheon Company to stop pushing or participating in arms sales to Taiwan, and refrain from doing anything that harms China's sovereignty and security interest," Jiang said.