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China, South Asia ties progress in 2010: Chinese assistant FM
China has made new progress in developing relations with the nations of South Asia,[link widoczny dla zalogowanych], Chinese Assistant Foreign Minister Hu Zhengyue said Sunday.China and South Asian countries have enjoyed friendly association with each other for thousands of years,[link widoczny dla zalogowanych], Hu said in an interview with Xinhua News Agency.
He said during Premier Wen Jiabao's visit to India last month,[link widoczny dla zalogowanych], the two sides established a mechanism for regular exchange between heads of state and government.The two sides also opened a telephone hotline between the Chinese premier and the Indian prime minister,[link widoczny dla zalogowanych], he added.
The two nations also decided to establish a strategic economic dialogue mechanism, he noted.When Premier Wen visited Pakistan in Dec. 2010,[link widoczny dla zalogowanych], the two nations established an annual meeting mechanism between leaders and a foreign ministers' dialogue mechanism,[link widoczny dla zalogowanych], Hu said.
He said Wen's visits to India and Pakistan promoted China's strategic partnerships of cooperation with the two nations.China donated 300,[link widoczny dla zalogowanych],000 U.S. dollars to the South Asian Association for Regional Cooperation,[link widoczny dla zalogowanych], he added.
"China and South Asian nations have new opportunities to develop their relations. China hopes to develop friendly and cooperative ties with all South Asian nations,[link widoczny dla zalogowanych], based on the five principles of peaceful coexistence and through the joint promotion of peace,[link widoczny dla zalogowanych], stability and development in the region,[link widoczny dla zalogowanych]," Hu said.He added that China will continue to play a constructive role in regional hotspots and use negotiation to solve its differences with neighboring states.
Corn surged to an almost 30-month high after the US government cut forecasts for domestic inventories,[link widoczny dla zalogowanych], tightening global food supplies after adverse weather slashed harvests.Corn for March delivery advanced 1.7 percent to $6.42 a bushel, the highest price for the most-active contract on the Chicago Board of Trade since July 2008. The contract extended Wednesday's 4 percent jump and traded at $6.375 by 3:07 pm Singapore time on Thursday.
The US Department of Agriculture lowered its estimate on the US corn harvest last year,[link widoczny dla zalogowanych],[link widoczny dla zalogowanych],[link widoczny dla zalogowanych], widening the global production deficit by 14 percent to 20.1 million metric tons,[link widoczny dla zalogowanych], from 17.2 million tons in December. Stockpiles before this year's harvest from the United States will fall to 745 million bushels, the department said.
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