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BEIJING, March 16 (Xinhua) -- China and Britain Tuesday inaugurated their first higher-level strategic dialogue during British Foreign Secretary David Miliband's visit to China.Chinese State Councilor Dai Bingguo and Miliband co-chaired the dialogue, which was held at vice foreign minister level in the past."Elevating the strategic dialogue mechanism is a meaningful event," Dai said at the start of the talks, noting that the mechanism was an important channel for the two nations to make in-depth communication.Dai hoped the two sides would make use of the mechanism to have candid discussion on strategic issues in bilateral and international relations. Chinese State Councilor Dai Bingguo (2nd, R) meets with British Foreign Secretary David Miliband (2nd, L) in Beijing, capital of China, March 16, 2010. Dai Bingguo and Miliband held the strategic dialogue here on Tuesday"This will help us to increase mutual trust and respect, and to promote the stable and healthy growth of China-Britain ties," Dai said.Miliband said the dialogue between the two nations "had always been strategic," and he was vary glad to see the elevation of the dialogue mechanism.Miliband agreed with Dai that major countries should respect each other and enhance cooperation to shoulder common responsibilities.Expressing appreciation for China's achievements in economic growth, Miliband said Britain welcomed China's contributions to the world economy.Miliband hoped the two nations would increase cooperation in tackling climate change and in economic and security sectors.Britain would work with China, on the basis of mutual respect, to push forward the bilateral strategic and cooperative partnership, he said.Miliband is visiting China from March 14 to 17 as a guest of his Chinese counterpart, Yang Jiechi.During talks between the two foreign ministers earlier Tuesday, Yang said China-British relations were developing well, and lifting the level of the bilateral strategic dialogue would further promote bilateral relations."We are willing to work with Britain to further promote our comprehensive strategic partnership," Yang said.He hoped the two nations would enhance communication and strengthen mutual understanding and mutual trust.Yang also suggested the two nations address the financial crisis as an opportunity to actively explore cooperation in financial services, clean energy, renewable energy, energy saving and environmental protection, and to further expand investment and trade links.Yang said the two countries should respect each other's core concerns, including those related to sovereignty and territorial integrity.China and Britain should work together, in line with the principles of mutual respect and equality, to correctly view and properly handle differences, Yang said.

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Beijing, Feb. 8 -- China's banks will outpace their peers in India and Indonesia, the best performers in Asia's banking industry over the past decade, to deliver the highest returns over the next five to 10 years, analysis firm CLSA Ltd said.The top eight performers among Asian banks over the past decade were all from India, with gains of 400 percent to 3,000 percent, CLSA said in a research report released today.Indonesian banks ranked second over a three-to-five-year period, as no data was available for 10 years, the report said.Shenzhen Development Bank Co, China's first commercial bank to launch an IPO and get listed on Shenzhen Stock Exchange (in 1987), is expected to show a more than eight-fold increase in net profit for 2009, boosted by lower provisions for bad loans and higher net interest and fee income, the Wall Street Journal saidThe two countries recorded the highest credit growth, as India's loans increased 622 percent over the past 10 years, followed by 508 percent growth in Indonesia, Daniel Tabbush and Suangsuda Sinsadok, analysts at CLSA, said in the report.That shows "positive" implications for China's banks given the nation's 326 percent increase in loan growth over that period, they wrote in their analysis."Where China stock price data is only recent, we can at least assume that the fact that those banks are returning the third-highest loan growth over the past five and 10 years can in fact mean strong total returns over the long term," the analysts wrote.China's loan growth of 79 percent was the highest over the past three years, according to the report by CLSA, which is "overweight" on the nation's bank stocks as well as those in India and Indonesia.

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BEIJING, Jan. 31 (Xinhua) -- China's large textile businesses took in 133.15 billion yuan (19.57 billion U.S. dollars) in profits in the first 11 months of last year, according to figures released by the China Textile Industry Association.The profits were up by 25.39 percent year on year, 36.40 percentage points more than that in the Jan.-Feb. period.The industry posted a total production value of 3.43 trillion yuan and 3.35 trillion yuan in sales value, each up by 9.71 percent and 9.82 percent as all major products saw production rise.The industry also witnessed a slow recovery in export. In the 11 months, garment export fell by 11.02 percent to 154.1 billion U.S. dollars, but the drop narrowed by 0.19 percentage points compared to the first 10 months.By contrast, domestic sale accounted for 79.89 percent in the total sales, up by 3.15 percent.

Beijing, Feb. 8 -- China's banks will outpace their peers in India and Indonesia, the best performers in Asia's banking industry over the past decade, to deliver the highest returns over the next five to 10 years, analysis firm CLSA Ltd said.The top eight performers among Asian banks over the past decade were all from India, with gains of 400 percent to 3,000 percent, CLSA said in a research report released today.Indonesian banks ranked second over a three-to-five-year period, as no data was available for 10 years, the report said.Shenzhen Development Bank Co, China's first commercial bank to launch an IPO and get listed on Shenzhen Stock Exchange (in 1987), is expected to show a more than eight-fold increase in net profit for 2009, boosted by lower provisions for bad loans and higher net interest and fee income, the Wall Street Journal saidThe two countries recorded the highest credit growth, as India's loans increased 622 percent over the past 10 years, followed by 508 percent growth in Indonesia, Daniel Tabbush and Suangsuda Sinsadok, analysts at CLSA, said in the report.That shows "positive" implications for China's banks given the nation's 326 percent increase in loan growth over that period, they wrote in their analysis."Where China stock price data is only recent, we can at least assume that the fact that those banks are returning the third-highest loan growth over the past five and 10 years can in fact mean strong total returns over the long term," the analysts wrote.China's loan growth of 79 percent was the highest over the past three years, according to the report by CLSA, which is "overweight" on the nation's bank stocks as well as those in India and Indonesia.

BEIJING, March 12 (Xinhua) -- Chinese lawmakers and political advisors from Tibet and Xinjiang said Friday that cultural and religious freedom is fully respected and protected according to law in the two ethnic regions, fighting back against an annual U.S. human rights report."If you go to Tibet, you will find scripture halls or shrines in almost all believers' families, and see prayer banners or cairns of stones with scripture texts almost everywhere," Padma Choling, chairman of southwest China's Tibet Autonomous Regional Government, told Xinhua on the sidelines of the ongoing annual session of the country's top legislature, the National People's Congress (NPC), in Beijing."Monasteries in Tibet are always thronged with believers turning the prayer wheels or paying homage to Buddha. Every year, more than 1 million worshippers make the pilgrimage to the regional capital Lhasa," he said.The central government has allocated 700 million yuan (103 million U.S. dollars) and a great deal of gold and silver since 1980s for the maintenance of monasteries in Tibet, he said.Currently, Tibet has more than 1,700 religious venues and 46,000 monks and nuns, whose religious beliefs are well protected by law, he said.NPC deputy Dawa Tashi, commissioner of Tibet's Ali Prefecture, dismissed the "cultural repression" in the U.S. report.He said in the old days, only the upper class nobles and monks were entitled to learn Tibetan language, but the serfs who accounted for 95 percent of the Tibet's population had no such right."After the peaceful liberation of Tibet in 1951, the central government ensured the Tibetan people's right to learn Tibetan language and Chinese language through legislation," he said.Dawa Tashi also pointed out that it is very "funny" for the U.S. State Department to say in the report "Tibetans repatriated from Nepal reportedly suffered torture, including electric shocks, exposure to cold and severe beatings, and were forced to perform heavy physical labor.""Ali Prefecture shares a long border line with India and Nepal, and it is true that there are some people who illegally cross the border," he said."But when they are caught, they will be handled in strict accordance with law. The fact is that they will not suffer electric shocks or else; on the contrary, we will arrange accommodation and vehicles for them to be sent home," he said."The report is utterly groundless. I strongly advise those who wrote the report visit Tibet personally before drawing a conclusion," said Lhagba Puncog, secretary-general of the Beijing-based China Tibetology Research Center.As a scholar from the Tibetan ethnic group, Lhagba Puncog goes back to Tibet for research for two months every year."I witness the increasing improvement in the living standards of Tibetan people, and they fully enjoy freedom of religious beliefs," he told Xinhua on the sidelines of the annual session of the country's top political advisory body, or the Chinese People's Political Consultative Conference (CPPCC) National Committee.Local government statistics showed that Tibet's gross domestic product (GDP) reached 43.7 billion yuan in 2009, up 170 percent from that in 2000 and posting an annual growth of 12.3 percent over the past nine years.Berkri Mamut, a CPPCC member and director of Shanshan County Islamic Association in Xinjiang, Muslims can practice their religion normally."They can freely attend religious service in mosques or practice fasting during the Muslim holy month of Ramadan," he said."Every year, the government will help make arrangements for about 12,000 Muslims nationwide who go to the holy city Mecca for hajj, of which almost 5,000 are form Xinjiang," he said."It is ridiculous to say there is 'cultural and religious repression' in Xinjiang," he added.NPC deputy Jume Tahir, vice president of the Xinjiang Islamic Association, said the U.S. report distorts facts in Xinjiang's religious activities."Every day, many people come to my mosque for praying. I myself was elected NPC deputy to participate in the management of state affairs. That is the fact," said Jume Tahir, also Imam of the Id Kah Mosque, the largest of its kind in China, in the border city of Kashgar.Yiliduosi Aihetamofu, a CPPCC member and a physician of Tatar ethnic group from the No. 1 Hospital affiliated to the Xinjiang Medical University, said what he has seen in Xinjiang is the fast economic development and improvement of people's lives."We Tatar people has a population of less than 5,000, but our cultural traditions have been preserved well," he said.

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BEIJING, March 7 (Xinhua) -- Han Zheng, Mayor of Shanghai, confirmed here Sunday he would lead a delegation to visit Taiwan in April to promote the upcoming World Expo.The confirmation by Han himself came on the sidelines of the annual session of the National People's Congress (NPC), China's supreme legislature."I have been expecting for long to visit the Treasure Island of Taiwan," Han said. "Though the exact date has yet to be decided, I hope to make it early April."The mayor said he would take his Taiwan visit as a chance not only to promote the World Expo, which is slated to open on May 1, but to further boost Shanghai's economic and cultural exchanges with Taiwan.Taipei mayor Hau Lung-bin led a delegation to visit Shanghai in June 2008, drawing attention from the media for the improvement of cross-Strait relations between Taiwan and the mainland.

BEIJING, March. 4 (Xinhua) -- Anti-corruption authorities of the Chinese government and the Communist Party of China (CPC) have been ordered to make sweeping investigations of all major state-funded construction projects begun since 2008.The order was issued at a conference on Thursday on cleaning up the construction sector in 2010.The investigations would cover the bidding and tendering processes, land use rights, construction quality and transparency of the entire process, said He Yong, deputy secretary of the CPC's Central Commission for Discipline Inspection, the CPC's anti-graft body, at the meeting.He, also head of the national team to stop corruption in construction projects, said 2010 would be a crucial year in stepping up the fight against corruption and misconduct in the construction sector.He warned anti-corruption authorities to take the investigations seriously."Those who are merely going through the motions will be held accountable," He said, according to a statement issued after the conference.The fight against corruption and misconduct in the construction sector would contribute to steady and relatively fast economic growth, he said.Since the initiation of a nationwide two-year campaign against the corruption and misconduct in construction sector in July last year, the country's discipline inspection authorities had investigated 5,803 cases linked to the construction sector, and had penalized 3,374 people, said the statement.

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GUIYANG, March 14 (Xinhua) -- The death toll from a partial collapse of an unfinished building Sunday in southwest China's Guizhou Province has risen to seven, the rescue headquarters said.A mold supporting structure in the corridor between two halls at the International Conference and Exhibition Center under construction in Guiyang, capital of Guizhou, collapsed at around 11:30 a.m., burying workers working at the area, said a spokesman for the rescue headquarters.Rescuers found 26 workers who were rushed to hospital. Seven of the workers were proclaimed dead shortly upon arrival at hospital, one more seriously injured.Altogether seven remained hospitalized, and another 12 were discharged from hospital after some treatment.The police were investigating the cause of the accident.

BEIJING, March 14 (Xinhua) -- China's parliament, the National People's Congress (NPC), adopted here Sunday the amendment to the Electoral Law, which grants equal representation in legislative bodies to rural and urban people.Lawmakers applauded after NPC Standing Committee Chairman Wu Bangguo announced that the amendment was approved with 2,747 votes from the 2,909 NPC deputies present at the closing meeting.The amendment is regarded as part of China's efforts to narrow the urban-rural gap. It requires "both rural and urban areas adopt the same ratio of deputies to the represented population in elections of people's congress deputies."Wang Zhaoguo, vice chairman of the NPC Standing Committee, said the law provides legal guarantees for elections of deputies to people's congresses, the country's fundamental political system, as well as citizens' right to vote and the right to stand for election.The Third Session of the 11th National People's Congress holds its closing meeting at the Great Hall of the People in Beijing, China, March 14, 2010.After the last amendment in 1995, the law stipulated that each rural deputy represented a population four times that of an urban deputy. Critics said this could be interpreted as "farmers only enjoy a quarter of the suffrage of their urban counterparts."Before the amendment in 1995, the difference was eight times."Such stipulations were absolutely necessary and conformed with China's political system and the particular situation at that time," Wang said.According to the 1953 national census, the urban population made up only about 13 percent. The rural population was much more than that of cities at that time and an equal ratio of rural and urban representation would have meant an excessive number of rural deputies.With rapid urbanization and rural economic development, the proportion of urban population increased to 46.6 percent last year, he said, adding people's congresses at all levels have gone through many terms of elections, accumulating abundant experience."The time is right for equal representation," which is conducive to expand democracy, he said.Wang said the amendment ensures "equal representation among people, regions and ethnic groups."The amendment adds stipulations such as "organizing more face-to-face contacts between candidates and electors to allow deputy candidates to introduce themselves and answer voters' questions."It says the setup of polling stations, convening election congress and the management of mobile polling boxes should be further standardized and improved.It also suggests to set up "confidential polling booths" to root out bribery in elections.Violence, threats, corruption and other acts that disrupts elections should be investigated and punished, it says.The number of deputies to the NPC is limited within 3,000, and the distribution of the NPC deputies is decided by the NPC Standing Committee, according to the law

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