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GUANGZHOU, April 18 (Xinhua) -- China's trade volume will reach 5.3 trillion U.S. dollars by the year 2020, Li Gang, a researcher at the Chinese Academy of International Trade and Economic Cooperation under the Ministry of Commerce, said Sunday.Li made the remakes at the ongoing 107th China Import and Export Fair, the country's largest trade fair, held in the southern city of Guangzhou.According to Li, China's merchandise imports and exports will hit 4.3 trillion U.S. dollars in 2020.Merchandise exports will top other countries and be 2.4 trillion U.S. dollars in 2020, 10.1 percent of the world total.Imports will reach 1.9 trillion U.S. dollars and rank second largest, accounting for 8.2 percent of the world total.Weighed down by the global financial crisis, the nation's foreign trade recorded a 13.9 percent year-on-year decline to 2.2 trillion U.S. dollars in 2009, with merchandise exports of 1.2 trillion U.S. dollars and imports of 1 trillion U.S. dollars.In the first quarter, foreign trade began to grow again, jumping 44.1 percent to 617.85 billion U.S. dollars, according to customs data.

BEIJING, April 28 (Xinhua) -- Chinese President Hu Jintao said Wednesday China-France ties have "opened a new page" as French President Nicolas Sarkozy pays his second state visit to China.At a joint press conference with Sarkozy in Beijing, Hu told reporters he had accepted Sarkozy's invitation to visit France "at a time convenient for both sides."Hu and Sarkozy held about 50 minutes of private talks before starting their formal, large-scope talks which Hu described as "candid, friendly and productive" and reaching "many important agreements."Sarkozy arrived in Xi’an, capital of northwest China's Shaanxi Province, Wednesday morning to begin his three-day state visit. Chinese President Hu Jintao (R) shakes hands with French President Nicolas Sarkozy during a welcome ceremony at the Great Hall of the People in Beijing, capital of China, April 28, 2010. It is Sarkozy's fourth trip to China and his second state visit as French president. He paid his first state visit to China six months after taking office in May 2007. He attended the opening ceremony of the Beijing Olympic Games and took part in the 7th Asia-Europe Meeting held in Beijing in 2008.FOUR-POINT PROPOSAL FOR BILATERAL TIESTo further upgrade the China-French comprehensive strategic partnership, Hu made a four-point proposal at his talks with Sarkozy. Hu said China hopes to work with France to maintain high-level exchanges and dialogue and consultations on major issues of common concern.Hu also suggested both sides boost pragmatic cooperation. He said in addition to cooperation in traditional fields, the two sides should actively promote cooperation in energy saving, environmental protection, new energy, agriculture and farm produce processing, and among small and medium size businesses to seek long-term, stable and reciprocal common development.The two countries should strengthen cultural exchanges, facilitate language education, two-way travel, and dialogue between each other's media and think tanks, Hu added.He said China and France are expected to together meet local and global challenges to achieve a peaceful and stable international environment, citing reform of the international financial system, improving the global economic governance structure and coping with climate change.Hu told the press conference he and Sarkozy agreed to keep in close consultation on global issues and to conduct active cooperation to solve international and regional disputes by peaceful means.He said the Chinese side sets a high value on the role the EU play in international affairs and appreciates the constructive stance taken by the French side in promoting China-EU relations.When meeting the press, Hu noted France is the initiator of the reform of the global economic governance mechanism.Hu added China supports France's holding of next year's G20 summit.France will hold the presidency of the G20 summit this November and host the 2011 summit.Sarkozy said France is willing to work closely with China to ensure a successful summit.He said that China is a very important strategic partner of France and they both need to cooperate closely on major global issues such as pushing economic growth, and maintaining world peace.He said there is only one China in the world and that Taiwan and Tibet are both part of China. This is the policy France has been adhering to since the France-China diplomatic ties were established in 1964. There is no change in the policy.He said France is willing to work with China to further beef up cooperation and exchanges in fields including peaceful use of nuclear energy, aviation, transport, environmental protection, finance, agriculture and culture.After talks with Sarkozy, Hu said he will visit France at the invitation of Sarkozy.As a guest of Hu, Sarkozy is paying a state visit to China from April 28 to 30. He kicked off the visit in Xi'an, capital of northwest China's Shaanxi Province. He will attend the opening ceremony of the Shanghai World Expo on April 30.

BEIJING, April 29 (Xinhua) -- China will shoulder more international responsibilities as it is the aspiration of the international community and in China's own interest, too, Chinese Premier Wen Jiabao said here Thursday afternoon.Wen made the remarks while meeting the press with European Commission President Jose Manuel Barroso after talks at the Great Hall of the People.Wen said China has made remarkable achievement in reform, but that Chinese leaders remain clear-minded about the challenges the country faces."We are determined to pursue reform and opening up and peaceful development and are confident in the future of the country and its people," he said.China supports the self-strengthening efforts of European nations, Wen said. Chinese Premier Wen Jiabao (R) attends a joint press conference with European Commission President Jose Manuel Barroso at the Great Hall of the People in Beijing, capital of China, April 29, 2010.He noted China has never interfered in the internal affairs of the European Union (EU).He expressed his belief in the EU as an independent pole in the international arena which plays a constructive role for world peace and development."No matter what changes take place in the world, China and the EU will work together to meet challenges and progress together," Wen said.

BEIJING, April 1 (Xinhua) -- China's average daily stock trading volume at the Shanghai Stock Exchange shrank 35.2 percent month on month to 96.85 billion yuan (14.2 billion U.S. dollars) in February, the People's Bank of China (PBOC) said Thursday.China's stock market was closed from Feb. 13 to 19, for the Spring Festival, the most important Chinese traditional holiday.Analysts held that trading was normally bleak in the Spring Festival month, as some investors preferred to cash in profits before going back to hometowns for family gatherings and some were cautious before the release of new economic data after the holiday.The Spring Festival fell in January last year. The daily average stock turnover was down 3.38 billion yuan to 65.4 billion yuan in January 2009 compared with December 2008, according to the PBOC.The benchmark Shanghai Composite Index edged up 110.58 points from Feb. 1 to 3,051.94 points on Feb. 26 this year, the last trading day in the month, the central bank said in a financial market report released Thursday on its official website.China's financial market kept its smooth run in January and February, said the PBOC.The Shanghai Composite Index gained 1.23 percent, or 38.32 points, to end at 3,147.42 points Thursday. The turnover at the Shanghai Stock Exchange was 154 billion yuan, showing investors' heartened confidence in economic recovery.Thursday's official figures revealed that the Purchasing Managers' Index (PMI) for China's manufacturing sector stood at 55.1 percent in March, up 3.1 percentage points from February, the 13th straight month that the index was above 50 percent.