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BEIJING, May 29 -- The Asian Development Bank (ADB) has called on Asian economies to strengthen their infrastructure investment through an effective financing framework to achieve higher and more sustainable growth.To that end, the bank said that as much as 0 billion would have to be invested annually in infrastructure across the region from 2010 to 2020. This means that around .25 trillion would be invested in that period in national and cross-regional infrastructure projects."In view of Asia's enormous untapped economic potential and the global financial crisis, now is the time to build efficient and seamless connections across Asia and with the rest of the world for a more competitive, prosperous and integrated region," said Masahiro Kawai, dean and CEO of the ADB Institute.A man working at the construction site of a railway line in Hainan province. The required infrastructure investment in the next 10 years is expected to produce income gains of about trillion across Asia.To meet the financing needs, the region could build an effective framework to mobilize its vast domestic savings as the main source, while encouraging private financing and participation involving public-private partnerships through "bankable" projects, said Kawai.He also suggested the strengthening of national and regional local currency bond markets, notably through the Chiang Mai Initiative, the Association of Southeast Asian Nations + 3 bond market initiative, and the Asian Bond Fund.

BRASILIA, April 14 (Xinhua) -- Chinese President Hu Jintao arrived in Brasilia on Wednesday for a summit of Brazil, Russia, India and China slated for Thursday and Friday, and a state visit to the Latin American state.At the summit of the four countries -- collectively known under their acronym BRIC, the leaders will discuss the global economy and financial situation, reform of the international financial system, climate change and cooperation among the four countries, Chinese diplomats said.President Hu has chosen Latin America as the destination of his first overseas trip so far this year. His visit to Brazil, Venezuela and Chile is seen as an important move to enhance ties between China and Latin American countries.Chinese President Hu Jintao (L, front) is greeted by Brazilian senior officials upon his arrival in Brasilia, capital of Brazil, April 14, 2010. Chinese President Hu Jintao arrived in Brasilia on Wednesday for a summit of Brazil, Russia, India and China slated for Thursday and Friday, and a state visit to the Latin American state. In a statement released upon his arrival at the airport, Hu said his visit aimed to enhance political trust, expand strategic cooperation and advance the China-Brazil strategic partnership to a higher level.Hu said both China and Brazil are working to maintain world peace and promote common development.Hu said under the joint effort of both sides, political trust between the two countries have been deepened as cooperation in various fields bear rich fruits. The two countries have cooperated closely with each other on international affairs and joined efforts to safeguard the interests of developing countries.

BEIJING, May 21 (Xinhua) -- China's local governments should step up efforts to close 10 million kilowatts of outdated coal-fueled power station capacity this year, Chinese Vice Premier Li Keqiang said Friday.This year is crucial to completing the country's energy saving and emission reduction goals as set out in the Eleventh Five-Year Plan (from 2006 to 2010), Li said in a letter to a national work conference held in Beijing discussing the elimination of backward production capacity.Official figures show China's unit gross domestic product (GDP) energy consumption fell 14.38 percent during the first four years of the Eleventh Five-Year Plan. But efficiency has to improve if the nation is to meet the 20 percent target set for the five-year period."This move is conducive to optimizing the country's power structure, enhancing energy saving and reducing pollution," Li said.

BEIJING, May 24 (Xinhua) -- Clean energy projects, specifically new energy vehicles, energy-efficient construction and clean coal technology, are the key areas of science cooperation between China and the United States, a Chinese official said here on Monday.According to a new agreement between the two countries, they will invest in joint laboratories, and support research in related areas, Cao Jianlin, vice minister of science and technology of China, told a news briefing on the second China-U.S. Strategic and Economic Dialogues."Both China and the U.S. are the major car production and consumption countries thus both seek to develop new energy vehicles," said Cao.China is the biggest construction market in the world and a major coal consumption country, while the U.S. is also eyeing energy conservation in construction and coal consumption, he said.The U.S. is a country with advanced technologies, and China also has cutting-edge technologies regarding energy applications. The complementary cooperation between the two will benefit both Chinese and American people, Cao added.

WASHINGTON, April 13 (Xinhua) -- Chinese President Hu Jintao and German Chancellor Angela Merkel on Tuesday agreed to further the ties of the two countries.Hu said China-Germany relations are developing soundly, and leaders of the two countries have maintained close contact.China and Germany enjoy good opportunities to move forward their ties under the current complex and changeable international circumstances, said Hu. China is willing to join hands with Germany to raise bilateral ties to a new high, he added.He said China welcomes German President Horst Kohler's visit to China in May and his attendance of the Shanghai World Expo.The two countries have vigorously cooperated in the fields of economics and trade, culture, education, science and technology and justice, and enhanced communication and coordination on regional and international issues.Chinese President Hu Jintao (R) shakes hands with German Chancellor Angela Merkel in Washington, the United States, April 13, 2010. Hu and Merkel are in Washington to attend the Nuclear Security Summit.As to climate change, Hu emphasized the issue concerns the world's sustainable growth and the well-being of the peoples of different countries, so it requires joint response from the international community.The Chinese president said the results of the Copenhagen climate change conference were hard-won, and developed countries should honor their promises to provide fund and transfer technology to developing countries.

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