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BEIJING, Aug. 19 (Xinhua) -- Chinese top legislator Wu Bangguo met with a U.S. congress delegation led by Howard L. Berman, chairman of the House Foreign Affairs Committee, here on Wednesday.     Wu, chairman of the Standing Committee of the National People's Congress (NPC), China's top legislature, spoke positively of the recent growth of the bilateral relations. Wu Bangguo (R), chairman of the Standing Committee of the National People's Congress, China's top legislature, shakes hands with U.S. House of Representatives Foreign Affairs Committee Chairman Howard Berman in Beijing, China, Aug. 19, 2009. He called on the NPC and U.S. congress to foster bilateral cooperation to a higher level with mutual trust, stressing the efforts will not only serve the fundamental interests of the two nations and two peoples, but also help maintain peace, stability and development in the world.     China is ready to work with the United States, increase dialogues and exchanges, respect each other's concern and core interests to push ahead with the Sino-U.S. relations along the track of positive cooperation, Wu said.     Berman said he was delighted to witness the growth momentum of bilateral ties, noting that the two nations and the two legislative bodies should work closer to intensify high level exchange.     Berman also met with Chinese Vice Premier Wang Qishan earlier Wednesday. They exchanged views on the global economic downturn, and pledged to work together to help the world economy recovery at an early date.

BEIJING, Aug. 15 (Xinhua) -- China's top economic planner, the National Development and Reform Commission, said Saturday it is drafting a development plan for the emerging industry of energy conservation and environmental protection.     The commission said in a statement posted on its Web site that the move is aimed to counter the impact of the global financial crisis by "accelerating the cultivation of emerging industries and aiming at a commanding height in future economic competition."     The development plan on the sector covers energy conservation, sustainable use of resources and environmental protection, according to the statement.     Technologies, equipment, products and services concerning energy conservation and environmental protection would be involved in the plan, it said.     The commission revealed no further details on the plan.

BEIJING, Aug.3-- China's steel industry association said on Friday that it plans this year to unify the spot and long-contract prices for the country's iron ore imports.    It will also set a ceiling for charges levied by import trading firms, as part of an effort to regulate the market.     The proposal was the top item of discussion at the steel industry body's two-day semiannual meeting, said Luo Bingsheng, deputy chairman of the China Iron and Steel Association (CISA), at a press conference.     The term prices negotiated with global miners should become a benchmark unified price, and the import agencies could charge 3-5 percent in commission on top of the term prices, Luo said.     The move aims to regulate excess iron ore import by steel makers and trading firms, which distorted the supply and demand balance and disrupted the annual contract talks, Luo said.     The price talks, which are continuing, appeared to be snagged on China's insistence upon bigger reductions than the 33 percent cut agreed to earlier with Japanese and Korean steel mills. News reports and industry analysts say China wants a 40 percent price cut.     Luo said foreign iron ore suppliers promoted massive sales on the spot market, leading to huge stockpiles.     Spot iron ore accounted for 82.7 percent of imports this year, leading to excessive imports that far exceed actual needs, the CISA said.     Luo made the remark as the spot price of iron ore in China surged above the contract prices offered by three large miners - Rio, BHP and Vale.     Benchmark spot prices of iron ore in China rose above 0 a ton on Thursday, as compared with a ton in April, according to industry consultant Mysteel.     Iron ore imports rose 29.3 percent year on year, to 297 million tons, in the first half of this year, while traders imported 131 million tons, up 90.4 percent from last year.     There are 152 iron ore importers in China this year, exceeding the 112 licenses that CISA issued, the association said.     Luo said the annual talks were ongoing and CISA would keep working to push them forward.     "We are working for a reasonable result and hope to reach a win-win situation," Luo said.     "For small steel companies, a unified price system is definitely good news," said Fan Haibo, a steel analyst from Xinda Securities. "Large steel mills and trading companies have made huge profits by selling iron ore to small steel factories who do not hold import license."     "But how to define which firms have 'agent license' seems essential. Giving them the privilege is akin to guaranteeing a business always makes a profit," he said.

BEIJING, Aug. 2 (Xinhua) -- China's consumer price index (CPI) decline pace would slow down in the second half and the CPI would drop about 0.5 percent for the whole year, Lian Ping, chief economist of Bank of Communications, the country's fifth largest lender, told Xinhua Sunday. China's CPI, a main gauge of inflation, dipped 1.1 percent in the first half from a year earlier, according to the National Bureau of Statistics (NBS) figures. This graphics made on August 1 shows prices of edible oil drop while those of meat and eggs increase compared with those on July 1 in China. China's consumer price index (CPI) decline pace would slow down in the second half and the CPI would drop about 0.5 percent for the whole year, Lian Ping, chief economist of Bank of Communications, the country's fifth largest lender, told Xinhua Sunday    "China might see a CPI rise in the fourth quarter along with the recovery of the economy," Lian said.     He predicted that China would see a moderate CPI rise next year, with the growth pace less than 4 percent.     The Shanghai-based bank said in a Saturday report that China's economy would continue to recover from the world financial crisis in the second half and expand at the rate of 8.5 percent for the whole year.

NEW YORK, Sept. 22 (Xinhua) -- Chinese President Hu Jintao met his U.S. counterpart Barack Obama here on Tuesday to exchange views on bilateral ties and other important issues of common concern.     The Chinese president said at the start of their meeting that China-U.S. relations are now showing a sound momentum of development, and the two countries are developing a positive, cooperative and comprehensive relationship.     A sound China-U.S. relationship is not only in the interests of the two countries, but also conducive to peace, stability and prosperity in the Asia Pacific region and the world at large, Hu said. Chinese President Hu Jintao (R) meets his U.S. counterpart Barack Obama in New York, the United States, Sept. 22, 2009    Hu expressed the willingness to work with the U.S. side to deepen cooperation in various fields. He hoped both sides would properly handle problems in bilateral ties so as to push forward the relations.     Obama said he is committed to building a genuine, cooperative and comprehensive relationship between the two countries. He expressed the willingness to further advance the cooperative relations. Chinese President Hu Jintao (R) meets his U.S. counterpart Barack Obama in New York, the United States, Sept. 22, 2009. The two leaders were meeting on the sidelines of the UN climate change summit and other UN meetings. This has been their second meeting this year since April 1 when they met in London during a Group of 20 summit on the global financial crisis.     During their London meeting, Hu and Obama agreed to work together to build a positive, cooperative and comprehensive relationship in the 21st century.     Since Obama took office in January 2009, China-U.S. relations have achieved a smooth transition and maintained a positive momentum of growth.     The first China-U.S. Strategic and Economic Dialogue was held in Washington in late July, when the two countries pledged to intensify bilateral ties and expand cooperation on major international issues and shared global challenges.