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BEIJING, Sept. 20 (Xinhuanet) -- Chinese e-commerce giant Alibaba Group on Sunday turned down the suggestion by Yahoo chief executive officer Carol Bartz that she be allowed to join the board of Alibaba, replying that Bartz should focus on improving Yahoo's own business first.Wang Shuai, chief marketing officer of Taobao.com under the group, said he has been "perplexed" by Bartz's decisions and attitudes since she became CEO of Yahoo in January 2009, claiming: "They demonstrate a lack of appreciation of the Internet, the mainland market and business partners."In response to Bartz's suggestion that she join the board of Alibaba, Wang said: "Perhaps it would not be a bad idea for her to concentrate her efforts on improving Yahoo's current situation."On Friday, Bartz touted Yahoo's 39 percent investment in Alibaba, a day after the Chinese Internet company said Yahoo had rejected its offer to sell the stake back to the group.The 62-year-old executive said the ideal time for Yahoo to exit from Alibaba will be after Taobao.com and Alipay.com, Alibaba's online shopping and payment subsidiaries, go public. She added that she will "probably" join the company's board later this year, when Yahoo gets a second seat on the board under its 2005 agreement with the company.Wang said on Sunday that Alibaba had no plans for Taobao.com to go public.Alibaba sold a 39 percent stake in the company to Yahoo in 2005 for billion and ownership of Yahoo China.The relationship between the two companies has been deteriorating recently, especially after Bartz replaced Yahoo's co-founder, Jerry Yang, to become chief executive of the company.

WASHINGTON, Sept. 20 (Xinhua) -- U.S. President Barack Obama said Monday that China's rapid economic development is in the interest of U.S. economy."It's good for us that China has done well," Obama said at a town-hall-style meeting telecast live on CNBC before heading to Pennsylvania to raise money for a Democratic Senate candidate.His address is in line with U.S. Secretary of Treasury Timothy Geithner's testimony to the Congress last Thursday."We have very significant economic interests in our relationship with China," Geithner said, "a strong and growing China benefits the United States, just as a strong and growing United States is good for China."In responding to a question about China's currency issue, Obama said that China's currency is lower than the market says that it should be, but trade is in the benefit for both sides."I just want to make sure trade is good for American businesses and American workers," Obama said."We are going to continue to insist that on this issue, and on all trade issues between us and China, that it is a two-way street, " he said.Facing November elections shaped by voter anger at the sour economy, U.S. lawmakers are weighing bills that would slap sanctions on Chinese goods, amid accusations that China keeps its currency -- and thereby its exports -- artificially cheap.The Obama administration acknowledged that China's imports supported the global economy and contributed substantially to recovery around the world.With over 1.3 billion people and an economy continuing to grow at or near double-digit rates, China is the U.S.' fastest-growing major overseas market.China's record of bringing hundreds of millions out of poverty, building a rapidly growing middle class, and now its efforts to encourage growth led by domestic demand, ultimately mean more demand for American goods and services.In order to pull the economy out of recession, Obama launched National Export Initiative (NEI) in March and set the goal of doubling the U.S. export in five years and creating two million jobs in the country.The Obama administration is clear that the vast Chinese market is a crucial part to fulfill the goal."Increasing opportunities for U.S. firms and workers through expanded trade and investment with China will be an important part of the success of the President's National Export Initiative and our efforts to support job growth more broadly."According to the Treasury Department, China is a critical market for a broad range of American products, from agriculture, to manufacturing, to services.China was the largest market for U.S. soybeans last year, importing over 9 billion dollars.In the manufacturing sector, the United States has already exported nearly 3.5 billion dollars in aircraft to China this year alone, and U.S. exports of automobiles and parts to China have grown over 200 percent.The issues in China and U.S. economic relations and trade should be properly solved through consultations on an equal footing. Exerting pressure cannot solve the issue. Rather, it may lead to the contrary, China's Foreign Ministry said recently.

BEIJING, Sept. 6 (Xinhua) -- Chinese Vice President Xi Jinping has urged authorities of a southeastern province to press ahead with its reforms and opening-up, and to embrace innovations in its economic development.In his four-day inspection tour in Fujian Province that began Friday, Xi spent time visiting high-tech enterprises, inquiring about villagers' incomes and held talks with university students.Efforts should be made to improve people's livelihood and solve practical difficulties for them with regard to employment, medical care, housing and children's schooling, Xi said during his visit to villages and urban communities.When visiting areas hit by June's torrential rains and massive floods, Xi urged local authorities to continue with disaster-relief work, rebuild damaged homes and agricultural infrastructures, as well as increase support for enterprises.In the coastal city of Xiamen, Xi urged government administrations in Fujian to take proactive measures to offer services to, and create "better conditions", for people from Taiwan.Further, efforts should be made to expand the scope and upgrade the level of cross-Strait exchanges and cooperation, he said.

ISTANBUL, Oct. 9 (Xinhua) -- Chinese Premier Wen Jiabao's four-nation Eurasian tour has scored marked achievements and further deepened China-Europe cooperation, said Foreign Minister Yang Jiechi, who described the visit as "a great complete success."Wen paid official visits to Greece, Belgium, Italy and Turkey and attended the 8th Asia-Europe Meeting (ASEM) and the 13th China-EU summit in the eight days from Oct. 2-9.Yang said Premier Wen's visit is aimed at boosting mutual trust through dialogues and promoting common development through cooperation.During his eight-day visit, Wen took part in more than 70 meetings, events and activities and paid a brief visit to Berlin as a guest of German Chancellor Angela Merkel in the midst of his stay in Brussels.In addition to talking with leaders of the four countries and the European Union (EU), Wen also met with people from the local cultural, industrial and business circles and held joint press conferences or issued joint statements together with the leaders of the countries.Premier Wen vividly presented China's policies and positions, trying different angles, Yang said, which had further improved bilateral relations between China and the four countries and deepened China-Europe ties in the new historic period.

BEIJING, Oct. 22 (Xinhua) -- Chinese Vice Premier Zhang Dejiang Friday called for greater efforts to transform China from a country with a large population into one rich in human resources."It is the 'key' to building a moderately well-off society in all respects and for modernization," said Zhang at the opening ceremony of a forum on human resource development in Beijing.He said China must uphold the principle of respecting labor, knowledge, talent and creation, and continue the strategy of building a stronger country by developing human resources.The forum was organized by the Ministry of Human Resources and Social Security as some 570 people from the government, higher-learning institutions and business attended the event.

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