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HONG KONG, June 21 (Xinhua) -- After working in Beijing for 10 months, U.S. Ambassador to China Jon Huntsman said here Monday that trust was very important and was the fuel that powered the U. S.-China relations."Sometimes the tank is full, (and) sometimes it draws down. When it draws down like what happened early this year, the relations become sort of rocky," said Huntsman, who was invited by the Hong Kong General Chamber of Commerce as one of its 150th anniversary speakers.Huntsman, who became U.S. Ambassador to China in August last year, gave five observations on the U.S.-China relations.Firstly, the mandarin-speaking U.S. diplomat said there were a lot less dramas in the U.S.-China relations than many people might imagine despite the occasional alarmist headlines."If you view the U.S.-China relations with a distance, you get the sense that the wheel is coming off the bus. But when in the middle of the relations, you would get less drama," he said."There is more respect ... (and) the ability to communicate on the very very sensitive issues. I don't have a panic button, no restart button. The relations have ups and downs, but overall relations are strong, stable and resilient," Huntsman said.Secondly, he said there are areas of difference but there are many more areas of convergence and what unites us is a lot more important than what divides the U.S. and China."Our success is increasingly tied to identifying our shared interests and to working towards practical solutions," said the 50- year-old diplomat.Thirdly, Huntsman said the two nations were not seeking to " impose our world views on one another" or "to remake one another."The U.S. and China would seek to understand each other better, to continue dialogues and to improve future prospects, he said.Fourthly, Huntsman said while hot political issues often grab public attention, the foundation of the U.S.-China relations was largely commerce and trade.Back in 1974 and 1975, two-way annual trade between the U.S. and China was somewhere between 500 million U.S. dollars to 1 billion U.S. dollars, but this year the U.S.-China trade would reach 400 billion U.S. dollars, making it the world's largest commercial relations, according to Huntsman.Even in the sensitive areas of imbalance, it began to narrow, he said. In 2000, China was the 11th largest export market of the U.S. while it was the third largest now.Fifth, Huntsman said long-term U.S.-China relationship should be based on investment in the next generation and real trust would be earned by people-to-people interactions.Huntsman reminded people of being realistic on the expectations over the U.S.-China relations. "It would never be a 100-percent paradise, nor a cold-war staredown. It would probably be something in between," he added.Asked to comment on China's move to allow more flexibility in its yuan exchange rate, Huntsman responded carefully."I think it's a genuine attempt by China to address its exchange rate mechanism by providing greater flexibility. I know they have given great thoughts and consideration on going forward, knowing that any economic transition that results in stronger consumption, will at some point have to deal with the currency issue," he said.

BEIJING/YICHUN Aug. 25 (Xinhua) -- China on Wednesday started the official probe into the Yichun plane crash which killed 42 people and injured 54 others while domestic airlines were ordered to overhaul safety measures.The State Council, or China's Cabinet, has set up a special work group to probe the cause of the crash. Chinese President Hu Jintao and Premier Wen Jiabao ordered a thorough investigation and beefed-up efforts to ensure air travel safety.Chinese Vice Premier Zhang Dejiang, who led an investigation team to the lush forested city of Yichun overnight after the crash, headed the work group.Zhang called upon the work-group's first meeting Wednesday but details of the meeting were not made public.Li Jian, vice director of the Civil Aviation Administration of China (CAAC), told Xinhua that the work group has started to gather evidence for the probe, but the process would take some time.A Brazil-made ERJ-190 turbine jet of Henan Airlines crashed during the landing at the forests-surrounded Lindu Airport of Yichun City late Tuesday night, killing 42 and injuring 54 passengers and the crew on board.Fifteen severely injured, including children and a vice minister, were transferred to four key hospitals in Harbin, the provincial capital on Wednesday night.Initial probes and survivors' accounts indicate the plane missed the runway and crashed on the ground, cracking the cabin and triggering a mild explosion.No signs of sabotage have been found so far, investigators said.The black boxes of the jet have been retrieved.The Lindu airport of Yichun was closed down shortly while operations of the Henan Airlines were suspended.The board of directors of Henan Airlines on Wednesday sacked the airline's general manager Li Qiang and appointed an acting manager to replace him.Cao Bo, Li's replacement, served as the chief pilot of Shenzhen Airlines, the parent company of Henan Airliens.Major Chinese carriers, including the China Eastern and China Southern, on Wednesday called upon emergency meetings to review the companies' safety measures.

XIANGNING, Shanxi, July 2 (Xinhua) -- Eight miners trapped for 35 hours in a flooded colliery in north China's Shanxi Province were saved early Friday, rescuers said. One miner is still missing.The eight survivors were taken to hospital for treatment. They are in stable conditions, said Li Youcai, deputy chief of Shengping Coal Mine Workers' Hospital in Taitou Town.They are expected to recover and be discharged from hospital in one week, Li said.The first four survivors were rescued and sent to hospital at around 2:30 a.m.; the other four miners were helped out of the pit at around 4:10 a.m., rescuers saidThe eight survivors were known to be alive and had been in close contact with the rescuers via phone after the Shengping Coal Mine in Jixian County where they worked was flooded with torrential rain water Wednesday.The accident happened at around 5 p.m. when 23 miners were performing repair work underground. Fourteen miners managed to escape.Rescuers were still trying to find out the whereabouts of the last missing miner, who lost contact with the others after the flood.The Shengping Coal Mine, owned by the Shanxi Coal Transportation and Sales Group Co., Ltd., has an annual output of 900,000 tonnes.

BEIJING, June 18 (Xinhua) -- China has become the world's third largest stock market as total market value of the Shanghai and Shenzhen markets hit 20.96 trillion yuan (3.07 trillion U.S. dollars) as of the end of May, the country's securities regulator said Friday.The total market value so far was up 393.76 percent compared to the 2003 level, the China Securities Regulatory Commission said.

BERLIN, July 14 (Xinhua) -- German Chancellor Angela Merkel is to start a four-day visit to China on Thursday, a move widely expected to boost the countries' bilateral economic ties and political interactions.The fourth visit of Merkel to China since she took office in 2005 is part of the high-level interactions boosting the bilateral ties.Chinese President Hu Jintao and Merkel met at the nuclear security summit in April in Washington, followed by a state visit of German President Horst Koehler to China a month later. Leaders of the two countries also discuss world affairs through hot-lines.Further boosting bilateral relations between China and Germany is in the interests of both countries, especially in trade and economy.Germany's total exports dropped 18 percent last year due to the global economic slump, while its exports to China climbed 7 percent, the German newspaper Frankfurter Allgemeine Zeitung reported.Sino-German relations have been increasingly important under the new, post-crisis situation, the newspaper said.Bilateral trade last year hit 105.73 billion U.S. dollars despite the global downturn, accounting for more than a quarter of the total China-Europe trade.German officials have said that a large troupe of German businessmen, from sectors such as energy, automobile, finance and retail, are among the members of the delegation led by Merkel, suggesting that trade and economic issues will top the agenda of the visit.