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LONDON, Feb. 2 (Xinhua) -- Airbus and Xi'an Aircraft Industry Company (XAC) signed a cooperation agreement here on Monday to have the A320 Family wing "fully completed and tested" in China.     The agreement signed by Brian Fleet, Airbus senior vice president, and Meng Xiangkai, president of XAC, in London, in the presence of the visiting Chinese Premier Wen Jiabao and his British counterpart Gordon Brown.     According to this fourth phase of the agreement, the wing equipping and testing will be done in Tianjin in a facility to be newly built close to the A320 FALC by XAC, a wholly owned subsidiary of China Aviation Industry Corporation (AVIC).     The fully equipped and tested wings will be directly delivered to the nearby Final Assembly Line.     The wing box structures assembled by XAC in China are now completed at Airbus' Broughton site, before being transported to the Final Assembly Line in China.     The wing equipping operations are expected to start at the end of 2009, followed by the first delivery of a fully equipped set of wings in the first quarter of 2010.     "With this project, Airbus is fulfilling its support to the cooperation agreement regarding A320 China wing manufacture," said Fleet.     He said that having this facility close to the FALC is the most efficient industrial solution which will save transportation costs, reduce lead-time and risks in handling, and ensures quicker response time to our customers.     Meng said that "I am confident that we will also be successful with this fourth phase, after successes in the first three phases."

BEIJING, Oct. 19 (Xinhua) -- China's premium revenue is expected to hit one trillion yuan (146.3 billion U.S. dollars) this year due to strengthened promotion and increasing demand, said a senior official here on Sunday.     The premium revenue grew at an annual rate of 30 percent from 460 million yuan in 1980, when insurance business began to enter into full swing in China, to hit 703.58 billion yuan in 2007, said vice chairman of the China Insurance Regulatory Commission (CIRC) Zhou Yanli at the opening ceremony of an insurance exhibition.     The revenue in the first eight months this year rose 52.24 percent year on year to 713.40 billion yuan which exceeded the total of last year, he said.     The revenue for the whole year is likely to break one trillion yuan at the current pace, he predicted.     The development of China's insurance business had been halted for 20 years after the founding of the new China in 1949. After the opening up and reform initiated in 1979, the sector was on the way to the right track and entered into full swing.     The value of the industry assets totaled more than three trillion yuan, which is owned by more than 110 insurers, according to Zhou.     Despite of the progress, insiders noted the revenue growth is poised to slow down in the fourth quarter of 2008 and the first half of 2009 as insurers are expected to retain dividends to protect its profit margin which was hurt by stock investment returns slumps. That is likely to discourage the future premium growth.     China Life, the nation's largest life insurer, saw premium jump52.9 percent from a year ago to 23.44 billion yuan in September, much slower than the 93.7 percent growth in August. The combined revenue in the first nine months totaled 248.6 billion yuan, up 56.7 percent year on year, comparing with the 57.14 percent growth in August.

BEIJING, Nov. 28 (Xinhua) -- Chinese President Hu Jintao said Friday the top priority of the country's 2009 agenda on economic development is to maintain a "stable and relatively fast growth", amid the grim global economic downturn.     "We will ensure a quality and fast growth of the national economy next year," Hu said while sitting down with personages outside the ruling Communist Party of China (CPC) to seek their advice on the country's economic development.     He said the country would pursue an "all-rounded and sustainable" growth that stresses both quality and efficiency.     The world's fastest growing economy saw its growth slow sharply to nine percent year on year in the third quarter, the slowest pace in five years, as a result of slower export and investment growth.     The president said the country would continue to practice "active" fiscal and "moderately loose" monetary policies next year, and would in the meantime strengthen and improve macro controls according to changing conditions.     Such proactive policies is a transition made earlier this month against adverse global economic conditions from the earlier "prudent" fiscal and "tight" monetary policies aimed at curbing inflation and averting overheating.     He stressed the importance of boosting domestic demands, saying the country would bring consumption to play a bigger role in driving the economic growth, and the expansion of consumer spending would receive more prominent emphasis.     China would also increase its investment in rural areas, agriculture, and farmers "by a large extent" to guarantee the development of the agricultural sector and ensure the output of grain and other farm produce, according to the president.     Hu said the country would continue to promote economic restructuring. China has been working to reduce its heavy reliance on exports and investment over the past years.     "The country needs to take the challenges of the ongoing global financial crisis as opportunities to accelerate industrial restructuring to create new growth and foster other competitive edges," he said.     China would continue with its reform and opening up, Hu said. "The country will lose no chance to introduce reforms that can promote the development at the right time, and will take note of bringing the market into full play in allocating resources."     The country would actively develop the export-oriented sector and step up the diversification of exporting markets, Hu added.     He also said the country would stick to improving people's living conditions and building a stable society. The country would adopt "more active" employment polices next year, Hu said.     He pledged to improve urban and rural social security systems and vowed intensified efforts in supervision and inspection of food, drug and work safety.     "The country has great potential in economic development and has also accumulated strong capabilities to withstand risks over the past 30 years of reform and opening up," Hu told the non-Communist people.     The non-CPC personages said they endorsed the CPC and government's judgment on current situation as well as plans on next year's economic development. They also offered suggestions on economic issues such as the fight against the financial turmoil, and macro control measures.

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Mongolian Prime Minister Sanj Bayar (R), also head of the ruling Mongolian People's Revolutionary Party(MPRP), shakes hand with Wang Jiarui, head of the International Department of the CPC Central Committee, in Ulan Bator, Mongolia, Dec.19, 2008. Wang Jiarui heads a delegation of the Communist Party of China to pay a 4-days friendly visit to Mongolia.     ULAN BATOR, Dec. 19 (Xinhua) -- Mongolian President Nambaryn Enkhbayar and Prime Minister Sanj Bayar on Friday met with Wang Jiarui, head of the International Department of the Communist Party of China Central Committee (CPC) to discuss bilateral ties.     During the meeting, Enkhbayar spoke highly of the current Chinese-Mongolian good-neighbor partnership of mutual trust.     Bilateral cooperation has developed fast in various fields in recent years, said the president, adding that there is great potential for the two to develop cooperation in trade and other economic areas in Mongolia. Mongolia's President Nambariin Enkhbayar (R) shakes hand with Wang Jiarui, head of the International Department of the CPC Central Committee, in Ulan Bator, Mongolia, Dec.19, 2008.     Talking about the current financial crisis, Enkhbayar said "the measures taken by China to tide over the current financial crisis are proper and Mongolia hopes to work together with China to minimize the impact of the crisis on the countries."     Prime Minister Sanj Bayar, who serves as chairman of Mongolian People's Revolutionary Party (MPRP), referred to relations with China as a top priority of Mongolia's foreign policy, adding that ties between MPRP and CPC is of great importance to bilateral relations.     The prime minister also vowed that his country would adhere to one-China policy and support China's stance on Taiwan and Tibet issues. Mongolian deputy prime minister Miyeegombo Enkhbold (L), shakes hand with Wang Jiarui, head of the International Department of the CPC Central Committee, in Ulan Bator, Mongolia, Dec.19, 2008.     Wang Jiarui briefed the Mongolian leaders on the current political and economic situations in China, saying the development of bilateral ties and cooperation have brought "concrete benefit" to the two peoples.     The CPC is willing to further enhance relations with the MPRP, Wang said, adding that the CPC and the Chinese government will unswervingly develop relations with Mongolia in a sound, stable way.     Wang Jiarui arrived in Mongolia on Friday morning.

BEIJING, Oct. 24 (Xinhua) -- The Asia-Europe Meeting (ASEM) summit concluded its first closed session here Friday evening, with the global financial crisis topping the agenda.     Leaders and representatives of the 45 ASEM members attended the meeting which lasted two hours.     Chinese Premier Wen Jiabao chaired the meeting and made the leading speech.     Wen called on Asian and European nations to make concerted effort in response to the global financial crisis triggered by the U.S. credit crunch, according to the Chinese Foreign Ministry.     Wen said the international financial and economic situation is an issue linked up with the direct interests of all ASEM members, and that is why the issue was listed the top subject for discussion.     "Asian and European nations are an important force to safeguard international financial stability and promote world economic growth," Wen said. "We should make concerted effort to show the world our confidence, unity and cooperation," he added.     He said relevant countries and organizations have taken measures in response to the global financial crisis, and China hopes these measures would achieve the desired results soon.     He also called for global action to jointly respond to the crisis.     The leaders present at the meeting had an "enthusiastic and in-depth" discussion on how to tackle the crisis, as well as how to promote Asia-Europe trade and investment, the Foreign Ministry said, giving no further details.     The seventh ASEM summit, scheduled for Friday and Saturday, will all together have four closed sessions.

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LANZHOU, Jan. 18 (Xinhua) -- Chinese Vice Premier Li Keqiang urged the restoration of people's livelihood in the quake-hit regions during his visit in northwestern Gansu Province between Jan. 15 and Jan. 17.     Some areas of Gansu were shattered by the devastating May 12 earthquake centered in Wenchuan of neighboring Sichuan Province last year. Chinese Vice Premier Li Keqiang (R) visits poor villager Liao Zhenxiang in Hedong Village of Longnan City, in northwest China's Gansu Province, on Jan. 16, 2009. Li Keqiang, also a member of the Standing Committee of the Communist Party of China Central Committee Political Bureau, made an inspection tour in Gansu Province from Jan. 15 through 17. Efforts should be made to ensure that all people in the quake-hit regions had enough food to eat, had clothes to resist the cold and were well housed in the freezing winter, Li said when visiting quake-affected villagers.     More support should be given to speed up the building of permanent housing with a precondition that the quality must be guaranteed, he said.     "Housing construction can not only help quake-affected people restore life as soon as possible, but is also helpful to boost investment, consumption and economic growth," he said. Villager Zhao Danlin (2nd L, front) displays his relief coupon to Chinese Vice Premier Li Keqiang (L, front) in the Longtou Village of Longnan City, in northwest China's Gansu Province, on Jan. 16, 2009He also called for quicker restoration of public facilities, which would serve the economic and social development in the quake-hit regions.     During his visit in Longfeng Village, Li talked with some farmers who had returned because of employment difficulty in cities.     There were lots of job opportunities in the country, he said. "You can go to the interior region if it is hard to find a job in the coastal area; you can shift to work in the service sector as job opportunities are limited in the industrial sector; you can also start your own business at your hometown without going outside."     Li urged governments and departments concerned to provide more training and guidance to help rural workers get a job and guarantee a stable increase in employment.

WASHINGTON, Nov. 15 (Xinhua) -- Chinese President Hu Jintao on Saturday called on the international community to make concerted efforts to tide over difficulties arising from the global financial crisis.     Hu made the appeal while addressing a summit meeting of the Group of Twenty (G20) on financial markets and the world economy in Washington.     RESTORE MARKET CONFIDENCE     President Hu urged the international community to take all necessary steps to promptly restore market confidence and stop the spread and development of the financial crisis.     "The international financial crisis has now spread from some parts of the world to the entire globe, from developed countries to emerging markets, and from the financial sector to the real economy," said Hu, who arrived here Friday for the G20 summit.     "To effectively deal with the financial crisis, all countries should strengthen confidence and intensify coordination and cooperation," he stressed.     To deal with the crisis, Hu said major developed countries "should undertake their due responsibilities and obligations, implement macroeconomic policies that are conducive to economic and financial stability and growth both at home and internationally, take active steps to stabilize their own and the international financial markets and safeguard investors' interests."     "Meanwhile, we should all enhance macroeconomic policy coordination, expand economic and financial information sharing, and deepen cooperation in international financial regulation so as to create necessary conditions for stability in both domestic and international markets," Hu added.     REFORM INTERNATIONAL FINANCIAL SYSTEM     Hu urged the international community to earnestly draw lessons from the ongoing financial crisis and, based on full consultations among all stakeholders, undertake necessary reform of the international financial system.     "Reform of the international financial system should aim at establishing a new international financial order that is fair, just, inclusive and orderly and fostering an institutional environment conducive to sound global economic development," Hu said.     He said the reform should be conducted in a comprehensive, balanced, incremental and result-oriented manner.     "A comprehensive reform is one that has a general design and includes measures to improve not only the international financial system, monetary system and financial institutions, but also international financial rules and procedures," he noted.     "A balanced reform is one that is based on overall consideration and seeks a balance among the interests of all parties," Hu said.     "An incremental reform is one that seeks gradual progress," said the president, adding that it should proceed in a phased manner, starting with the easier issues, and achieve the final objectives of reform through sustained efforts.     "A result-oriented reform is one that lays emphasis on practical results. All reform measures should contribute to international financial stability and global economic growth as well as the well being of people in all countries," he stressed.     Based on those considerations, Hu listed four priorities in reforming the international financial system -- stepping up international cooperation in financial regulation; advancing reform of international financial institutions; encouraging regional financial cooperation; and improving the international currency system.     HELP DEVELOPING COUNTRIES COPE WITH CRISIS     President Hu also called for international efforts to help developing countries and the least developed countries cope with the global financial crisis.     "When coping with the financial crisis, the international community should pay particular attention to the damage of the crisis on developing countries, especially the least developed countries (LDCs), and do all it can to minimize the damage."     It is necessary to help developing countries maintain financial stability and economic growth, sustain and increase assistance to developing countries, and maintain economic and financial stability in developing countries, he said.     CHINA TO PLAY CONSTRUCTIVE ROLE     Responding to natural disasters and the global financial crisis, China has made timely adjustment to its policies and strengthened macroeconomic regulation, Hu said.     "Steady and relatively fast growth in China is in itself an important contribution to international financial stability and world economic growth," he noted.     "The Chinese government has adopted measures to boost economic development, including lowering the required reserve ratio, cutting the deposit and lending rates, and easing the corporate tax burdens," Hu told the participants.     Meanwhile, as a responsible member of the international community, "China has taken an active part in the international cooperation to deal with the financial crisis and played a positive role in maintaining international financial stability and promoting the development of the world economy," he said.     "Stability of the international financial markets and sustained development of the global economy are crucial to the well being of all countries and people," Hu noted.     "Let us tide over the difficulties through concerted efforts and contribute our share to maintaining international financial stability and promoting global economic growth," he concluded.

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CHENGDU, Oct. 26 (Xinhua) -- Chinese Vice Premier Li Keqiang met on Sunday with leaders of Slovenia, Laos and Sri Lanka who are here to attend the Ninth Western China International Economy and Trade Fair, also known as West China Expo.     Li said he welcomed the three countries' leaders to attend the expo that will open on Monday in Chengdu, capital of southwestern Sichuan Province. Chinese Vice Premier Li Keqiang (R) meets with Slovenian President Danilo Turk in Chengdu, capital of southwest China's Sichuan Province, Oct. 26, 2008. Danilo Turk was here to attend the opening ceremony of the 9th Western China International Economy and Trade Fair, scheduled to be held on Oct. 27.He also thanked the governments and people of the three countries for their aid to China after the May 12 Wenchuan earthquake and their support for the Beijing Olympic Games.     When meeting Slovenian President Danilo Turk, Li said China would continue to promote the opening-up and development of the western area. Slovenia is welcome to make use of its own advantages and expand cooperation with China's vast western area, he added. Chinese Vice Premier Li Keqiang (R) meets with Lao Prime Minister Bouasone Bouphavanh in Chengdu, capital of southwest China's Sichuan Province, Oct. 26, 2008. Bouasone Bouphavanh was here to attend the opening ceremony of the 9th Western China International Economy and Trade Fair, scheduled to be held on Oct. 27.The West China Expo is an important platform for China to enhance international economic and trade cooperation, Li said when talking with Lao Prime Minister Bouasone Bouphavanh.     It is hoped that the expo would promote the trade between China and Laos, Li said. Chinese Vice Premier Li Keqiang (R) meets with Sri Lankan Prime Minister Ratnasiri Wickremanayake in Chengdu, capital of southwest China's Sichuan Province, Oct. 26, 2008. Ratnasiri Wickremanayake was here to attend the opening ceremony of the 9th Western China International Economy and Trade Fair, scheduled to be held on Oct. 27The premier said he hoped the two sides could deepen the cooperation in such fields as trade, investment and infrastructure when he met with Sri Lankan Prime Minister Ratnasiri Wickremanayake.     The three foreign leaders all said they would like to further promote relations with China.

ANTANANARIVO, Nov. 11 (Xinhua) -- visiting Chinese top legislator Wu Bangguo met here Tuesday with Madagascan Prime Minister Charles Rabemananjara. The two sides exchanged views on bilateral trade ties and reached important consensuses.     Wu, chairman of the Standing Committee of the National People's Congress (NPC), said China's top legislature has attached great importance to development of the political ties between the two countries, and that the substantial cooperation is of key concerns for both sides.     China will expand the cooperation with Madagascar in fields like energy, mining, hydropower, agriculture and human resource, and encourage the Chinese companies to establish projects with their Madagascar counterparts, Wu said. Madagascan Prime Minister Charles Rabemananjara(L) meets with Wu Bangguo, chairman of the Standing Committee of China's National People's Congress(NPC), the country's top legislature, in Antananarivo, capital of Madagascar, Nov. 11, 2008.     "China will adopt open policies on technology transfer, use local labors and strengthen the training program for the Madagascan personnel in an effort to promote the local economic and social development," the top legislator told Rabemananjara.     Agreeing with Wu's views on the bilateral cooperation, Rabemananjara, who is also Madagascar 's Chief of Government and Minister of Interior, expressed his profound gratitude and trust to the Chinese people for the assistance they provided when the country suffered economic difficulties.     The prime minister said that the Madagascan government would create favorable conditions to attract Chinese companies to establish businesses and further invest in the country.     The prime minister proposed to strengthen cooperation with China in fields of agriculture, renewed energy, infrastructure, public health and tourism.     At the invitation of President of Madagascar's National Assembly Jacques Sylla and Senate President Yvan Randriasandratriniony, Wu arrived here on Monday for a two-day official visit, the fourth leg of his five-nation African tour. Madagascan President Marc Ravalomanana(R) meets with Wu Bangguo, chairman of the Standing Committee of China's National People's Congress(NPC), the country's top legislature, in Antananarivo, capital of Madagascar, Nov. 11, 2008.