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WASHINGTON, April 12 (Xinhua) -- Chinese President Hu Jintao said Monday that China would firmly stick to the path of reforming its currency exchange rate formation mechanism based on its own economic and social development needs.Hu said detailed measures for reform should be considered in the context of the world's economic situation, its development and changes, as well as China's economic conditions."RMB appreciation would neither balance Sino-U.S. trade nor solve the unemployment problem in the United States," Hu told U.S. President Barack Obama.Chinese President Hu Jintao (L) meets with U.S. President Barack Obama in Washington April 12, 2010. President Hu Jintao arrived in Washington on Monday to attend the Nuclear Security Summit slated for April 12-13.The Chinese leader said his country does not intend to pursue a trade surplus over the United States.China would like to take additional measures to increase imports from the United States, Hu said, urging the United States to loosen its export control over high-tech products so that exports to China could be increased.He expressed the hope that trade frictions between the two countries can be solved through negotiations so that Sino-U.S. economic and trade cooperation can be maintained.President Hu also said the advancement of Sino-U.S. economic and trade ties, an important part of the two countries' relations, would benefit not only China, but also the United States, as well as the world's economic development.
BEIJING, May 27 (Xinhua) -- China and India have agreed to enhance political, economic ties and bolster people-to-people contact during a meeting between Indian President Pratibha Patil and Chinese Premier Wen Jiabao here on Thursday.It is the Indian president's first official visit to China and the first visit to China by an Indian head of state in the last decade.In the meeting Wen proposed the two states treat bilateral ties from a strategic and long-term point of view, enhance high-level communication and bolster cooperation, in a bid to benefit the two peoples and the world."Practicing mutual respect conforms with the fundamental interests of the two states and peoples and will spark new hope for human beings," Wen Jiabao said in the meeting.Patil said India and China share broad common interests in the bilateral and multilateral fields.She pledged to boost high-level contact, cement economic and trade ties, promote two-way investment and people-to-people contact, and strengthen coordination on major international affairs with China.In her meeting with Chinese top legislator Wu Bangguo, Patil said all the parties of India support the development of relations with China.Wu, chairman of the National People's Congress (NPC) Standing Committee, said to promote peaceful co-existence and common development of the two countries meets the fundamental interests of both sides, and complies with the mainstream trend of peace and development in Asia and the world."China and India do not pose as threat to each other and their common interests far outweigh differences," he added.Wu said he hopes the two sides understand and respect each other's core interests and major concerns, properly handle their differences, and seek common development and a win-win situation."A good China-India relationship makes both winners while a confrontational one makes both losers," he added.Patil said the two countries had conducted sound cooperation not only in bilateral field but also under multilateral frameworks including BRIC and G20.The cooperation between India and China in the Copenhagen climate change summit served as a good example of bilateral cooperation in global affairs, she added.Patil arrived here Wednesday for the week-long state visit.
BEIJING, April 23 (Xinhua) -- The Chinese government is "trying its best" to look for families for orphans in the Qinghai quake zone while trying to give them special care, according to the Ministry of Civil Affairs."Among all people in the quake-hit areas, children whose parents were killed during the quake are in the most difficult situation and need special care," said an unnamed official with the ministry Friday.Government organizations and social groups would work together to care for the orphans.The ministry said it would seek adoptions for all orphans in the quake zone as soon as possible, and would "fully respect" the children's preferences and the traditions and habits of ethnic children.Six children were reportedly injured in the quake when a four-story orphan school collapsed. A total of 220 students are living in tents.The total number of orphans in the quake zone is not available.According to the ministry, social welfare organizations in Xining, capital of northwest China's Qinghai Province, have set aside more than 300 beds for orphans and children whose parents or other family members have not been contactable since a 7.1-magnitude quake hit Yushu, Qinghai, on April 14.The ministry also planned to mobilize help from other regions if Qinghai had difficulty settling the orphans.Previous reports said SOS Children's Villages in Chengdu, Urumqi, Beijing and Tianjin would contact with the civil affairs department in Yushu and prepare for the arrival of orphans.The central government and Qinghai authorities would jointly provide each orphan with a monthly financial support of 1,000 yuan (146 U.S. dollars) for three months from April.In addition, figures from the ministry show that a total of 56,000 tents had reached the quake zone as of Friday evening, along with 117,000 coats and 208,000 quilts among other daily necessities and relief materials.The quake in Tibetan Autonomous Prefecture of Yushu has left 2,187 people dead and 80 missing. Among the 12,135 injured, 1,434 were in serious condition.
BEIJING, May 7 (Xinhua) -- China's policy of actively attracting foreign investment will not change, said vice minister of commerce Ma Xiuhong Friday.The Ministry of Commerce will keep working to maintain a good investment environment for foreign companies, said Ma during a discussion with multinational firms."The ministry will strengthen its communication with multinational corporations and foreign enterprises," she said.China could provide new opportunities for foreign investors as the country is in a process of modernization, urbanization and transformation of its economic development pattern, said Ma.She hoped that while achieving their own development goals, foreign enterprises could play a larger role in China's pursuit of scientific innovation, industrial upgrading, and more balanced regional economic development.Representatives from 64 multinational corporations and four foreign chambers of commerce participated in the discussion. They were joined by officials from a number of Chinese government departments, including the Ministry of Finance and Ministry of Industry and Information.Foreign direct investment to China increased 7.7 percent year on year to 23.44 billion U.S. dollars in the first quarter.
BEIJING, April 6(Xinhua) -- Chinese Vice Premier Hui Liangyu has urged the state-run newspaper Farmers' Daily to make a greater contribution to the modernization drive of Chinese agriculture.Hui made the remarks in his congratulatory message commemorating the 30th anniversary of the founding of the Farmer's Daily, China's first national newspaper targeted at rural residents.A symposium marking the anniversary was held Tuesday at the Great Hall of the People, where the vice premier's congratulatory message was read.The newspaper has comprehensively covered the tremendous changes taking place in rural areas and in the agricultural sector over the past 30 years, Hui said.The Farmers' Daily has reported farmers' demands in a timely manner and has created a favorable atmosphere for the promotion of rural reforms and development, Hui said.He asked the newspaper to adhere to its guidelines of serving the farmers, train more high-quality staff for news reporting and embrace innovation in its reports and newspaper format.