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WASHINGTON, April 12 (Xinhua) -- China hopes various parties will continue to step up diplomatic efforts and actively seek effective ways to resolve the Iranian nuclear issue through dialogue and negotiations, Chinese President Hu Jintao said here Monday.During a meeting with his U.S. counterpart Barack Obama, Hu also said China and the United States share the same overall goal on the Iranian nuclear issue.Hu said China stands ready to maintain consultation and coordination with the United States and other parties within the 5-plus-1 mechanism, which includes the permanent UN Security Council members Britain, China, France, Russia and the United States and Germany, and in the United Nations and through other channels.Hu stated China's principled position on the Iranian nuclear issue, saying China is always committed to upholding the international nuclear non-proliferation regime and peace and stability in the Middle East.

BEIJING, May 7 (Xinhua) -- Hu Jintao, general secretary of the Central Committee of the Communist Party of China (CPC) and Chinese president, held talks in Beijing with Kim Jong Il, general secretary of the Workers' Party of Korea (WPK) and chairman of the National Defense Commission of the Democratic People's Republic of Korea (DPRK).Kim paid an unofficial visit to China from May 3 to 7 as Hu's guest.During their talks, Hu expressed warm welcome to Kim on behalf of the CPC, Chinese government and people.Hu also expressed gratitude for the condolence from the DPRK to earthquake-hit Yushu in northwest China, as well as the DPRK's active participation in the World Expo in Shanghai.During Kim's stay in Beijing, Hu hosted a welcoming banquet in honor of Kim and accompanied Kim in a visit to a biological company.Hu Jintao (R), general secretary of the Central Committee of the Communist Party of China and Chinese president, meets with Kim Jong Il, general secretary of the Workers' Party of Korea and chairman of the National Defense Commission of the Democratic People's Republic of Korea (DPRK), at the Great Hall of the People in Beijing, capital of China, May 5, 2010.Wu Bangguo, member of the Political Bureau Standing Committee of the CPC Central Committee and chairman of the Standing Committee of the National People's Congress, and Wen Jiabao, member of the Political Bureau Standing Committee of the CPC Central Committee and Chinese premier, met with Kim respectively.Other members of the Political Bureau Standing Committee of the CPC Central Committee Jia Qinglin, Li Changchun, Xi Jinping, Li Keqiang, He Guoqiang and Zhou Yongkang, respectively accompanied Kim for the visiting tour.Hu said the traditional friendship between China and the DPRK is the common treasures of the two governments, parties and peoples, and it is the historical responsibility of the two sides to push forward their friendship with the progress of the times and from generation to generation.He said in recent years, Sino-DPRK relations have made continuous achievements, and last year in particular, the two countries celebrated the 60th anniversary of Sino-DPRK diplomatic ties and successfully held the Year of Friendship, and the political contacts and cooperation in all areas have been fruitful.Strengthening Sino-DPRK friendly and cooperative relations is the consistent policy of the Chinese party and government, he said.Hu said China always handles, maintains and pushes forward the relations with the DPRK in a strategic and long-term perspective, and will make joint efforts with the DPRK to upgrade the relationship to benefit the two peoples and to contribute to lasting regional peace and common prosperity.Hu said boosting Sino-DPRK cooperation helps the two countries promote their own socialist construction, and safeguard and develop the common interests as well as regional peace, stability and prosperity.

BEIJING, March 31 -- The appointment of three new academic members to the central bank's monetary policy committee on Monday reflects the increasing inclusiveness of monetary policymaking, but may not have any apparent bearing on the timing of an interest rate hike, analysts said.The People's Bank of China (PBOC) said three Chinese economists - Xia Bin, Li Daokui and Zhou Qiren - will replace Fan Gang, the only academic member of the committee, which advises on major monetary issues."Adding two more academics to the monetary policy committee is a welcome change," said Wang Tao, head of China economic research at UBS Securities. "I hope this helps to increase healthy debate within the committee, and increase the independence of monetary policy.""The appointment of three academic members this time - instead of one - indicates the increasing importance of academic voices in monetary policymaking and the three, with different backgrounds, are expected to complement each other to add to the inclusiveness of the panel," said Sun Lijian, an economist with Fudan University. It would make the country's monetary decision-making more rational, he said.Going by their recent comments on inflation, with Li saying that China could precede the United States in raising the rates and Zhou urging a timely and firm exit from stimulus policies, it is speculated that their appointment may signal chances of an earlier rate hike.Zhou said in a February speech that it was high time that China exited from the stimulus measures. "Given the past experiences, the stimulus through expanding money supply and debt only has a short-term effect," he said in the speech.One of the side effects of the stimulus is rising inflation. "The price of the stimulus policies is mainly the adverse effect of the large-scale release of money on the overall market price situation," he said. "We have seen it on the market."Li said early this month once China's consumer price index (CPI), a major measure of inflation, rises 3 percent, the country is set to increase the rates. China's CPI rose by 2.7 percent year-on-year in February.He also said on Monday that China may suffer from exported inflation from developed economies as their continued relaxed monetary policy would lead to surging raw material prices and large-scale capital flowing into the emerging economies, including China.Meanwhile, China should keep itself alert against possible price rises due to weather changes, such as the recent severe drought in southwestern regions.Xia Bin said on Monday that three factors should be taken into account when deciding on whether to raise the interest rates. It should be considered if real negative deposit interest rates occurred. But if inflationary expectations are not strong, the hike would be inappropriate. Moreover, China should not move ahead of the US since it would bring in speculative capital.China's benchmark one-year deposit rate stands at 2.25 percent.Dong Xian'an, chief macroeconomic analyst of Industrial Securities, said economic fundamentals should be the paramount determinant in interest rate related policymaking and the appointment of a new monetary policymaking panel would not have any substantial bearing on the timing of the possible hike.The month-on-month CPI figure is a crucial factor and as it continues to rise, the hike may come in the second quarter of this year, he said.

BEIJING, May 18 (Xinhua) -- Chinese Premier Wen Jiabao said Tuesday he expects the upcoming visit to China by German Chancellor Angela Merkel to be a new starting point in enhanced China-Germany economic cooperation.Wen made the remarks while meeting with German entrepreneurs and German President Horst Koehler in Beijing.Merkel will visit China in July, Wen said, adding that he hoped the two countries will cooperate in a tangible way.Wen met separately with Koehler earlier Tuesday afternoon.As major manufacturers and trading nations, China and Germany have played active roles in combating the financial crisis, Wen said.Chinese Premier Wen Jiabao (R Front) meets with German President Horst Koehler (L Front) in Beijing, capital of China, May 18, 2010.Wen said the world economy is recovering sluggishly.The sovereign debt crisis in Europe has slowed down the economic recovery, he said, adding that the impact of the crisis is more severe and complicated than people expected.He urged the international community, in particular the major economies, to have a clear understanding of the situation, strengthen confidence, and seek an effective mechanism for global economic governance with joint efforts, so as to actively promote the world economic recovery.Koehler agreed with Wen's views on the international financial situation, praising what China did to combat the financial crisis.

TASHKENT, May 22 (Xinhua) -- Chinese Foreign Minister Yang Jiechi on Saturday called for efforts to increase cooperation in regional security and economic matters among the member states of the Shanghai Cooperation Organization (SCO).Speaking at a meeting of the Council of Foreign Ministers of the SCO in the Uzbek capital of Tashkent, Yang said that uncertainty and instability have been increasing and it would still take time for the world economy to fully recover.He suggested that the SCO member states make efforts in line with the consensus reached by their heads of state to further enhance coordination of their policies and strategies on affairs of common interest. Chinese Foreign Minister Yang Jiechi attends a meeting of the foreign ministers of the Shanghai Cooperation Organization (SCO) in Tashkent, capital of Uzbekistan, May 22, 2010.The member states should boost security cooperation to safeguard reigonal stability, including stepping up the fight against extremism, separatism and terrorism, optimizing the model for cooperation in ensuring security for major international events and carrying on joint anti-terrorism exercises, Yang said.Yang also called for bettering links among the SCO member states, boosting infrastructural construction, further facilitating trade and investment and expanding cooperation in sectors such as finance, transport, energy, telecommunications and agriculture amid the economic downturn.China will try to make sure that the 10 billion U.S. dollars credit it extended to other SCO member states, a commitment made by President Hu Jintao last year at the Yekaterinburg summit, is used for the best, Yang said.Yang and his counterparts from the SCO member states exchanged views and reached consensus on important regional affairs, including Central Asia security and stability, the international role of the SCO and its links with other multilateral organizations.They signed the Joint Declaration on SCO/U.N. Secretariat Cooperation after the meeting of the Council of Foreign Ministers.The foreign ministers also met with Uzbek President Islam Karimov.

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