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BEIJING, Dec. 15 (Xinhua) -- Chinese Premier Wen Jiabao left here Wednesday morning for official visits to India and Pakistan.Wen is traveling to the two countries at the invitation of Indian Prime Minister Manmohan Singh and Pakistani Prime Minister Yousuf Raza Gilani.Wen's entourage includes Chinese Foreign Minister Yang Jiechi, China's Minister of Communications Li Shenglin, China's Minister of Culture Cai Wu, Director of the Research Office of the State Council Xie Fuzhan, Vice Minister of the National Development and Reform Commission Zhu Zhixin, Vice Minister of China's Ministry of Commerce (MOC) and the MOC International Trade Representative Gao Hucheng, Vice Secretary-General of the State Council and Director of the Premier's Office Qiu Xiaoxiong and Chinese Assistant Foreign Minister Hu Zhengyue.

WASHINGTON, Dec. 2 (Xinhua) -- China's rapid economic growth is good for the U.S. workers, and the U.S. government is committed to improving bilateral economic relations with China, said U.S. Commerce Secretary Gary Locke on Thursday."China has lifted almost 200 million people out of poverty (in the past two decades). And in the years ahead, hundreds of millions more Chinese will ascend into the middle class," Locke said at a U.S.-China commercial relations forum, which was held in Washington ahead of the U.S.-China Joint Commission on Commerce and Trade (JCCT) session scheduled for Dec. 14-15."The United States welcomes this growth because this is good for the people of China ... it's good for the global economy, and good for U.S. business and ultimately, U.S. workers," said Locke.He noted that as recently as 40 years ago, the commercial relationship between the United States and China barely existed. But in the recent decades, "we have seen our countries grow progressively closer."In 2009, the bilateral trade volume reached some 365 billion dollars. China was the largest supplier of U.S. goods imports in 2009 and was the third-largest market for U.S. exports, only after Canada and Mexico.Locke mentioned that as U.S. Commerce Secretary, he has visited China for four times."Each time I visit China, I'm absolutely amazed by the transformation and the progress within China," he said.Locke noted that although there are disagreements between the two sides, there are more opportunities for cooperation."In many areas, especially in emerging industries, like clean energy and biotechnology, the interests of China and the United States are tied together. And the reform as good for the U.S. will be good for China as well," he added.Locke also revealed that during the upcoming 21st session of the JCCT in Washington D.C., the two countries will seek to further "nurture and improve the most highly-scrutinized bilateral economic relationship on Earth.""This is our most important bilateral dialogue or mechanism for resolving trade and investment issues between our two countries," he stressed.The session will be co-chaired by Locke and U.S. Trade Representative Ron Kirk with Chinese Vice Premier Wang Qishan. U.S. Secretary of Agriculture Tom Vilsack will also join the dialogue.

ASTANA, Dec. 28 (Xinhua) -- Chinese Foreign Minister Yang Jiechi met with Kazakh Prime Minister Karim Masimov here on Tuesday, and the two sides agreed to deepen cooperation in energy, infrastructure and non-resource areas.Yang said the two economies are complementary and the two sides should strengthen cooperation in energy, transportation infrastructure as well as trade and finance sectors within the framework of the Shanghai Cooperation Organization.Kazakh Prime Minister Karim Masimov (R) shakes hands with visiting Chinese Foreign Minister Yang Jiechi during their meeting in Astana, capital of Kazakhstan, Dec. 28, 2010.Kazakh Prime Minster Karim Masimov thanked China for help his country combat the financial crisis. He also praised the success of the Shanghai World Expo and the Guangzhou Asian Games.Yang started his three-day official visit to Kazakhstan on Monday.

BEIJING, Jan. 14 (Xinhua) -- China will increase the flexibility of the yuan exchange rate and further push forward the opening-up of its financial markets, a senior central bank official said Friday.China will continue the reform of the yuan exchange rate mechanism and keep the rate basically stable at a reasonable and balanced level, Li Dongrong, assistant governor of the People's Bank of China, said at a forum. The speech was posted on the central bank's website.The Chinese yuan strengthened to a record high against the U.S. dollar Friday, the central parity rate reaching 6.5896, the second straight day it has been set below 6.6 per dollar, according to the China Foreign Exchange Trading System.The currency has risen by more than 3 percent since the country's central bank announced in June 2010 it would further reform the yuan exchange rate formation mechanism to improve its flexibility.Li also said the central bank will work to expand trials of cross-border yuan settlement, to facilitate trade and investment.The central bank will promote the policy of allowing exporters to park their foreign revenue overseas, Li said, adding that it will further develop the foreign reserves market and create tools to hedge exchange rate risk.Li's speech came after the central bank announced Thursday the nation's qualified businesses and banks may settle their overseas direct investment in yuan, a move that expands the Chinese currency's global reach and eases excess domestic liquidity concerns.Li also voiced concern about loose credit globally, saying such policies are adding to capital-inflow and currency-appreciation pressures, leading to asset bubbles in some emerging economies.China still faces many challenges, Li said. "Expectations for inflation are rising. Housing prices are still high in some cities. Pressure from continuous inflows of foreign capital is increasingly evident," he said.The central bank will soundly manage money supply and maintain reasonable growth in credit, he added.

MADRID, Jan. 5 (Xinhua) -- Chinese Vice Premier Li Keqiang and Spanish Prime Minister Jose Luis Rodriguez Zapatero Wednesday pledged continuous joint efforts to promote the cooperation between China and Spain, and between China and Europe as a whole.During their meeting, Li said China sees Spain as a reliable friend in Europe, and firmly backs Spain's efforts in countering the international financial crisis, as well as a series of economic and financial adjustment measures the Spanish government has adopted.With its own efforts and the support from the international community, Spain will surely overcome the difficulties, achieve financial stability and economic growth, Li said.Chinese Vice Premier Li Keqiang (R) meets with Spanish Prime Minister Jose Luis Rodriguez Zapatero in Madrid, Spain, January 5, 2011.Stressing the importance of boosting international pragmatic cooperation in eliminating the deep-seated impacts of the financial crisis, Li urged China and Spain to carry out cooperation in such areas as technology and capital, and achieve new progress in trade and economic development.Spanish enterprises are welcome to bring their competitive products to China, he said.Both sides can expand cooperation in new aspects such as energy conservation and environmental protection, new energy and new materials, Li said, adding that enterprises on both sides are encouraged to jointly explore the third-party markets to bring mutual benefits and achieve an all-win result.Li said he is confident that new progress can be made in the all-round cooperation between China and Spain as long as both sides make efforts in concert and fulfill their agreed deals.Zapatero, on his part, stressed the priority of Spain's relations with China in his country's foreign policy. He also called the ties the most successful cooperative relations.Spain advocates globalization and multilateralism, and the building of a new, fair and balanced multilateral order, Zapatero said, adding that China should play an important role in this order.