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BEIJING Camilo Vargas Colombia Jersey , Nov. 9 (Xinhua) -- Russia supports the idea of establishing a free trade area (FTA) in the Asia Pacific region, which is believed to enhance the country's position in the Asia Pacific market, President Vladimir Putin said in a signed article published here on Thursday.

"We support the idea of forming an Asia-Pacific free trade area. We believe this is in our practical interest and represents an opportunity to strengthen our positions" in the rapidly growing Asia-Pacific markets, Putin said in an article entitled "The 25th APEC Economic Leaders' Meeting in Da Nang: Together Towards Prosperity and Harmonious Development."

The Asia-Pacific Economic Cooperation Economic Leaders' Summit will be convened on Nov. 10-11 in Vietnam's central Da Nang city.

Over the past five years, the share of APEC economies in Russia's foreign trade has increased from 23 to 31 percent, and from 17 to 24 percent in exports, according to Putin.

"And we have no intention of stopping there," reads the article.

The Russian president suggested that the large-scale project to create the APEC FTA be carried out with due account of the experience gained from implementing key integration formats in the Asia-Pacific region and Eurasia, including the Eurasian Economic Union in which Russia cooperates with Armenia, Belarus, Kazakhstan and Kyrgyzstan.

On a related note, Putin mentioned the Russian idea to create the Greater Eurasian Partnership, suggesting forming it on the basis of the Eurasian Economic Union and China's Belt and Road Initiative.

As comprehensive development of infrastructure will serve as the basis for effective integration, Russia is actively modernizing its sea and air ports in its Far East, developing transcontinental rail routes, and building new gas and oil pipelines, the article saidEnditem



BEIJING, Nov. 12 (Xinhua) -- China's securities regulator has approved IPO applications from seven companies, which will raise up to 3.2 billion yuan (about 480 million U.S. dollars) in the A-share market.

Three companies will be listed on the Shanghai Stock Exchange, two on the Shenzhen small and medium enterprise board, and two on the ChiNext, a NASDAQ-style board, according to the China Securities Regulatory Commission (CSRC).

The firms and their underwriters will confirm dates and publish prospectuses following discussion with the exchanges.

Under the current IPO system, new shares are subject to approval from the CSRC. China's IPOs are gradually switching from an approval-based to a more market-oriented system.

Since suspending IPOs between July and November 2015, China has sought to normalize IPOs by giving approvals at a faster pace to raise financing efficiency and direct more money into the economy.


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BEIJING, Feb. 3 (Xinhua) -- Following are the standings of the Chinese Basketball Association (CBA) league after Wednesday's games (tabulated under games played, won, lost, winning percentage and points):

1. Liaoning 37 30 7 81.1% 67

2. Xinjiang 37 29 8 78.4% 66

3. Sichuan 37 29 8 78.4% 66

4. Guangdong 37 27 10 73.0% 64

5. Shandong 37 27 10 73.0% 64

6. Guangsha 37 26 11 70.3% 63

7. Beijing 37 23 14 62.2% 60

8. Zhejiang 37 22 15 59.5% 59

9. Shanxi 37 18 19 48.6% 55

10. Shenzhen 37 18 19 48.6% 55

11. Jiangsu 37 18 19 48.6% 55

12. Shanghai 37 17 20 46.0% 54

13. Fujian 37 16 21 43.2% 53

14. Qingdao 37 16 21 43.2% 53

15. Aolong 37 12 25 32.4% 49

16. Tongxi 37 11 26 29.7% 48

17. Jilin 37 10 27 27.0% 47

18. Tianjin 37 8 29 21.6% 45

19. Bayi 37 7 30 18.9% 44

20. Foshan 37 6 31 16.2% 43
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