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HUA HIN, Thailand, Oct. 24 (Xinhua) -- Chinese Premier Wen Jiabao and his Australian counterpart Kevin Rudd called here on Saturday for an early signing of the Free Trade Agreement (FTA) between the two Asia-Pacific major economies. "The mutual-respect, mutual-trust and cooperation between China and Australia, both as big countries in the Asia-Pacific region, will not only yield tangible benefits for the two nations, but also have a positive impact on a larger scale," Wen said in talks with Rudd on the sidelines of the Association of Southeast Asian Nations (ASEAN) summits.     The key to maintaining a sound and steady development of bilateral ties lies in their respect for and care about each other's core interests and major concerns, Wen said, pledging to work together with Australia to boost their ties. Chinese Premier Wen Jiabao meet with his Australian counterpart Kevin Rudd in Hua Hin, Thailand, on Oct. 24, 2009    The Chinese premier also highlighted the importance of an FTA between the two countries, asking the two sides to reach a quality, comprehensive and acceptable FTA deal in a spirit of positive cooperation, pragmatism, balance and mutual-benefit.     While hailing the cooperation between Australia and China in various fields, Rudd said his country is willing to maintain high-level exchanges and deepen mutual understanding with China under the principle of mutual respect, equality and mutual benefit.     He pledged adherence to the one China policy and respect for China's sovereignty and territorial integrity.     Australia hopes to reach consensus as early as possible on the FTA and will bolster cooperation with China in such fields as trade, economy, investment, energy, agriculture and service, Rudd said during their meeting at a hotel in the central Thailand beach resort.     The two leaders also exchanged their views on East Asian cooperation and climate change.  

SINGAPORE, Oct. 23 (Xinhua) -- Chief of General Staff of China's People's Liberation Army (PLA) Chen Bingde called on Singapore Deputy Prime Minister and military officials on Friday.     During his meeting with Singapore Deputy Prime Minister and Minister for Defense Teo Chee Hean, Chen said that China and Singapore share common strategic interests in economic development and regional security. In recent years, bilateral military relations have made great progress, he said, adding that the two sides have maintained frequent high level visits and improved the communication and cooperation mechanism. Cooperations on staff training, joint military exercises and ship visits have also been fruitful. Singaporean Deputy Prime Minister and Minister for Defense Teo Chee Hean (R) meets with visiting Chinese People's Liberation Army (PLA) Chief of General Staff Chen Bingde in Singapore Oct. 23, 2009Chen, who is also a member of the Central Military Commission of the People's Republic of China, called on the two sides to further increase communication and extend new cooperation areas to bring the bilateral military relations to a higher level.     Teo Chee Hean said that Singapore cherishes the relationship with China and welcomes China to make positive contribution to regional and international development and security. He said that Singapore is willing to join hands with China to enhance the bilateral relationship and multilateral cooperation. Singaporean Chief of Defense Force Desmond Kuek (R) exchanges gifts with visiting Chinese People's Liberation Army (PLA) Chief of General Staff Chen Bingde during their meeting in Singapore Oct. 23, 2009Earlier Friday, Chen also met with Singapore Chief of Defense Force Lieutenant-General Desmond Kuek. Kuek said that Singapore is satisfied with the development of bilateral military relations. He said that the two sides should continue visit exchanges and strengthen the cooperation in non-traditional and multilateral security cooperation.     Chen is here on an official visit at the invitation of Desmond Kuek from Oct. 22 to 24.

BEIJING, Nov. 26 (Xinhua) -- Chinese Premier Wen Jiabao on Thursday pledged to increase cooperation with the United Nations Development Programme (UNDP).     Wen told visiting UNDP Administrator Helen Clark that the Chinese government applauded the UNDP's assistance and support.     Hailing the UNDP's efforts in global development and poverty reduction, Wen spoke highly of the UNDP's positive role in the progress toward achieving the United Nations Millennium Development Goals (MDGs).     Clark expressed her appreciation for China's achievements in its social and economic development, hoping to work with the country to expand cooperation to jointly cope with challenges.     Clark was here on a visit at the invitation of the Ministry of Commerce of China.

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TORONTO, Dec. 29 (Xinhua) -- The emerging markets of China, India and Brazil will lead the way in global auto sales in 2010, a report said Tuesday.     The U.S. market, meanwhile, was expected to see a double-digit increase and will lead the growth of mature markets in 2010, said the global auto report by Canadian Scotiabank Economics.     The report said that a cyclical recovery in global auto sales began in the spring of 2009 and would gain momentum in 2010.     China became the world's largest auto market in 2009, surpassing purchases in the United States. Car sales in China surged by more than 40 percent to 7.3 million units this year thanks to government incentives.     The incentives included a reduction in sales tax from 10 percent to 5 percent for small fuel-efficient vehicles with engines less than 1.6 litres.     The incentives were expected to lift sales by 20 percent to nearly 9 million units in 2010, the report said.     "Global car sales will continue to be buoyed by the ongoing massive and synchronized monetary and fiscal stimulus, which has generated a global economic recovery, including improving auto lending across the globe," said Carlos Gomes, senior economist at Scotia Economics.     "In fact, we estimate that auto loans across major markets bottomed in the first quarter of 2009 and have improved consistently alongside a thawing in global credit markets and falling interest rates," he said.     According to the report, improving access to credit and a return to 3-percent growth in the world economy will enable 2010 car sales to recapture half of the ground lost over the past two years, and set the stage for record volumes in 2011.     Auto sales in the United States have reversed the downward trend, with volumes advancing above a year earlier since August alongside a nascent economic recovery.     The report also predicted that through a vehicle scrappage program to spur the market, auto sales in Canada would reach 1.53 million units in 2010, up from 1.45 million this year.     "On average, 7 percent of the Canadian fleet is replaced each year," Gomes said. "However, the scrappage rate slumped to less than 6 percent in 2009, as the global economic downturn prompted Canadians to tighten their wallets and continue to drive their aging vehicles.

MACAO, Dec. 20 (Xinhua) -- The celebration gathering marking the10th anniversary of Macao's return to the motherland and the inauguration of the third-term government of the Macao Special Administrative Region (SAR) were held here Sunday.     President Hu Jintao, who is also general secretary of the Central Committee of the Communist Party (CPC) of China and chairman of the Central Military Commission, attended the ceremony, where Macao SAR Chief Executive Fernando Chui Sai On and principal officials of the SAR government were sworn in. The celebration gathering marking the10th anniversary of Macao's return to the motherland and the inauguration of the third-term government of the Macao Special Administrative Region (SAR) were held Sunday    Fernando Chui went to the podium first to take his oath solemnly, administered by Hu.     Principal officials of the third-term SAR government and members of Macao's executive Council also took their oaths. 

KYONGJU, South Korea, Dec. 18 (Xinhua) -- Chinese Vice President Xi Jinping met South Korean Gyeongsangbuk-do Governor Kim Kwanyong here Friday.     Xi said China and South Korea, with a long history of friendship, have witnessed strong growth in their relations since the establishment of diplomatic ties in 1992, and the two countries had set up a strategic and cooperative partnership.     Xi said he met and reached broad consensus with South Korean leaders during the past two days, and made extensive communications with South Korean people from all walks of life. Chinese Vice President Xi Jinping (L, front) meets with Kim Kwan-Yong, Gyeongsangbuk-do Governor, in Gyeongju, South Korea, Dec. 18, 2009Xi said his South Korea trip was a success, achieving the expected goal of expanding consensus, promoting friendship and pushing forward cooperation.     Xi said communications between Chinese and South Korean provinces and cities account for a large part of the bilateral ties. He called on Gyeongsangbuk-do to strengthen communications and deepen cooperation with its Chinese sister province of Henan, and make a positive contribution to the development of ties between the two countries. Chinese Vice President Xi Jinping (R, front) meets with Kim Kwan-Yong, Gyeongsangbuk-do Governor, in Gyeongju, South Korea, Dec. 18, 2009    Kim greeted Xi on behalf of the local people. The governor hoped that the economic, cultural and local communications between South Korea and China would be further enhanced by Xi's visit.     Xi arrived in South Korea Wednesday night after a visit to Japan. He will also visit Myanmar and Cambodia.

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BEIJING, Nov. 9 (Xinhua) -- China Merchants Securities, a leading domestic brokerage firm, announced Monday that it has set its A-share initial public offering (IPO) price range between 26 yuan (3.8 U.S. dollars) and 31 yuan.     The Guangdong-based brokerage is scheduled to issue no more than 358.5 million shares, it said in a statement to the Shanghai Stock Exchange Monday.     The IPO price translates into a price to earnings (P/E) ratio between 47.18 and 56.26 times. The subscription of the company starts on Tuesday, said the company.

BEIJING, Oct. 30 (Xinhua) -- China's central government launched 20 venture capital funds with seven local governments on Friday to provide investment in the country's high-tech sectors, the top economic planner said in a statement on its web site.     The investment would go to high-tech sectors including the electronic and information sector, biological and pharmaceutical industry, new energy sector and projects related to energy conservation and environmental protection, the National Development and Reform Commission (NDRC) said.     The 20 funds would collect about nine billion yuan (1.31 billion U.S. dollars), of which, one billion yuan was invested by the central government, 1.2 billion yuan by local governments and the rest from private investment, the NDRC said.     The funds were aimed to direct capital into new industries and competitive high-tech enterprises to push forward self-innovation, it said.     The NDRC and the Ministry of Finance signed the agreement with 7 local governments of Beijing, Jilin, Shanghai, Anhui, Hunan, Chongqing and Shenzhen.

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BEIJING, Dec. 27 (Xinhua) -- China will maintain its pro-active fiscal policy and moderately loose monetary policy to buoy the economy in 2010 as many uncertainties persisted at home and abroad, Chinese Premier Wen Jiabao said Sunday. Averting the trend of falling global demand remained difficult, Wen said in an exclusive interview with Xinhua.     "Economies of some countries are starting to pick up, but fluctuations are still possible," Wen said.     "China's economy has been on track for recovery. However, the economic performance and operations of enterprises still mainly rely on support from government's policies," Wen said.     "A consolidated recovery in the country's economy does not point to a complete revival and a full revival does not mean China's economy is developing in a sustainable way," Wen said. Chinese Premier Wen Jiabao smiles during an exclusive interview with Xinhua News Agency at Ziguangge building inside Zhongnanhai, an office compound of the Chinese central authorities at the heart of Beijing, capital of China, Dec. 27, 2009    "To withdraw macro-economic policies too early will likely ruin the efforts made before and reverse economic development," Wen said.     The government would maintain the stability and continuity of macro-economic policies while comprehensively watching the domestic and foreign economic situations, Wen said.     The State Council, or the Cabinet, announced on Nov. 5, 2008, that the government would shift the fiscal policy from "prudent to pro-active" and the monetary policy from "tight to moderately loose" to stimulate the economy by expanding domestic demand to offset a slump in exports.     The Cabinet also unveiled a 4-trillion-yuan (585.6 billion U.S. dollars) stimulus package the same day.     "We have stabilized economic growth and employment and maintained social stability over the past year," Wen said. "The government's economic stimulus package has proved effective."     China's economy grew 8.9 percent in the third quarter, the fastest rate in a year, after expanding by 7.9 percent in the second quarter and 6.1 percent in the first three months, boosted by the massive government investment and record bank lending.     The People's Bank of China, the central bank, scrapped lending limits of commercial banks in November last year.     In the first 11 months of this year, new bank loans hit 9.21 trillion yuan, an increase of 5.06 trillion yuan over the same period last year, far exceeding the full year target of 5 trillion yuan the government set in March.     The government pledged at the Central Economic Work Conference earlier this month that it would stick to the pro-active fiscal policy and moderately loose monetary policy in 2010 to sustain a recovery backed by the stimulus package.     The government would adjust macro-economic policies in line with the changing economic situation and study issues arising during implementation of such policies, Wen said.     China would gear more investment to social welfare, technical innovation and energy conservation and emission cuts next year, Wen said.

BEIJING Nov. 17 (Xinhua) -- United States President Barack Obama Tuesday said the U.S. government recognizes that Tibet is part of the People's Republic of China.     He also said that the United States supports the early resumption of dialogue between the Chinese government and representatives of the ** Lama to resolve any concerns and differences that the two sides may have.     "The United States respects the sovereignty and territorial integrity of China," Obama said at a joint press conference with Chinese President Hu Jintao at Beijing's Great Hall of the People.