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GUANGZHOU, Nov. 1 (Xinhua) -- China is to maintain basic stability and continuity in the economic policies and RMB exchange rate to ensure a foreseeable prospect for its businesses.     Minister of Commerce Chen Deming made the remarks Sunday at the Canton Fair, an important barometer of China's foreign trade, in Guangzhou City, capital of southern Guangdong Province.     In the following months, China would maintain stability of the macro-economic policies, stick to the proactive fiscal policy and moderately easy monetary policy, Chen said.     Meanwhile, the RMB exchange rate should also maintain relatively stable so that domestic manufacturers and exporters can better predict and adjust to the market, Chen added.     Chen said the number of participants to the fair and the trade volume showed China's foreign trade was recovering, but uncertainties remained.     Chen urged Chinese enterprises to enhance their competitiveness with better quality and lower cost by technological upgrading and restructuring. "Next year, our focus will be on the quality of export products," he said.     "Enhancing competitiveness with better product quality and brand-building is also an effective way of avoiding trade protectionism," Chen added.     In the previous three quarters this year, 19 countries and regions have launched 88 trade remedy investigations against Chinese goods, totaling 10.2 billion U.S. dollars.     "In addition to the recovering export, China's import is also on the rise, contributing significantly to the recovery of the world economy," Chen said.

BEIJING, Nov. 21 (Xinhua) -- An earthquake measuring 4.3 on the Richter Scale hit a border area between northwest China's Ningxia Hui Autonomous Region and the northern Inner Mongolia Autonomous Region Saturday afternoon, according to the China Earthquake Networks Center.     The epicenter was at 38.2 degrees north latitude and 106.6 degrees east longitude.     Xinhua reporters in Yinchuan, capital of Ningxia, said tremor was felt in the downtown area.     No casualties have been reported.

CAIRO, Nov. 7 (Xinhua) -- Delivering a speech at the Arab League headquarters in Cairo, capital of Egypt, on Saturday, visiting Chinese Premier Wen Jiabao described the world as full of colors and with different civilizations which constitute cultural diversity.     The history of human civilization has testified that cultural diversity is necessary for human prosperity, and dialogue, exchange and integration among different civilizations have formed an irreversible historical trend and a necessity for the improvement and continuous development of civilizations.     "Dialogue, exchange and integration among different civilizations form the powerful current of human civilization surging ahead ceaselessly," Wen said.     Today's world is home to over 200 countries and regions, more than 2,500 ethnic groups and 6,000-plus languages, the Chinese premier cited just a few numbers to demonstrate the diversity.     Under the current international circumstance which is undergoing profound and complex changes featuring increasingly deepened world multi-polarization and economic globalization, peace and development remain the two main themes facing the human society. Chinese Premier Wen Jiabao (R) stands with Arab League Secretary General Amr Moussa at the headquarters of the Arab League in downtown Cairo Nov. 7, 2009The maintenance of world peace and the pursuit of social stability and common development have become the common and shared aspiration of all peoples. Therefore, dialogue on equal footing between different civilizations is of great practical significance.     Dialogue among civilizations as conducive to enhancing mutual understanding and harmonious co-existence among peoples, to promoting constant progress of human society, to promoting the establishment of a just and rational new international order, and to promoting diversification of the world and the sharing of human civilization.     In 1956, seven years after its founding, the People's Republic of China established contacts with the Arab League. Over the next few decades, mutual understanding and support gained momentum. In the recent decade, the two sides have witnessed even closer ties and have maintained coordination and mutual support in international affairs.     In January 2004, during Chinese President Hu Jintao's visit to the Arab League headquarters in Cairo, China and the Arab League announced the establishment of the China-Arab States Cooperation Forum.     In the following several years, a variety of cultural exchange activities has deepened understanding between both sides, and the forum became a new platform for promoting China-Arab friendly relations.     With an accelerated pace of globalization, peoples of different cultural backgrounds have the urgent need for mutual understanding and learning from each other, only through which a solid foundation can be laid for sustainable cooperation between different nations.     China and the Arab countries are all developing countries, which share a common aspiration of peace, stability and development. In recent years, both sides have continued to strengthen economic and trade exchanges, high-level visits and cultural exchanges.     Both sides, therefore, have every reason to believe that through more dialogue and exchanges, the Chinese civilization and Islamic civilization will be able to continue to enrich themselves, respect each other, co-exist harmoniously and develop together in a world that embraces diversity, and both sides will adopt a strategic perspective and proceed from the long-term interests of the peoples on both sides to unswervingly promote the stable and comprehensive development of the China-Arab relations and open a new chapter for the China-Arab friendly and cooperative relationship.  

SHANGHAI, Nov. 23 (Xinhua) -- Baosteel Group, China's leading steelmaker, announced on Monday its acquisition of 15 percent stake in Aquila Resources, an Australian iron ore and coal company.     The 286 million Australian dollar purchase (265 million U.S. dollars) has made Baosteel the second largest shareholder of Aquila, said the Chinese company based in Shanghai.     The transaction is an important strategy for Baosteel's overseas expansion by securing long-term supply of critical raw materials for its steel making business, said the company.     The deal will help the Australian company source low-cost financing from Chinese institutions to support its projects.     Tony Poli, executive chairman of Aquila said on the company website, "The company now looks forward to developing its relations with Baosteel to the mutual benefit of both companies."     The deal was approved on November 13 by China's top economic regulator, the National Development and Reform Commission (NDRC), and it was Baosteel's first large strategic investment in a foreign public company.     The two companies signed an agreement on the acquisition in August this year and got nod in October by Australia's Foreign Investment Review Board (FIRB), which limited Baosteel's stake in the Australian company to the utmost 19.9 percent.     Under the terms of the deal, Dai Zhihao, a vice president of Baosteel, will step in as a board member of the Australian coalminer.

BEIJING, Nov. 17 (Xinhua) -- Chinese President Hu Jintao said here on Tuesday that both China and the United States appreciated the major role of the G20 summit in coping with the global financial crisis.     Speaking to the press after talks with visiting U.S. President Barack Obama, Hu said he and Obama spoke highly of the significant roles played by the G20 summit.     "China and the United States would work together with all other members to fully carry out the commitments of all G20 summits and continuously strengthen the role of G20 in the management of the global economy, while pushing forward the international financial system reform and increasing the voices of developing countries on the global financial arena by ensuring that they are better represented," Hu said.

来源：资阳报