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BEIJING, Feb. 8 (Xinhua) -- As the U.S. President Barack Obama vowed to get "much tougher" with China on exchange rates and trade, economists from Beijing said China should not give in to increased U.S. pressure that stems from its domestic problems.Obama's talk of putting "constant pressure" on China to strengthen the yuan so to ensure the price of U.S. goods was not artificially inflated has drawn heated comments from economists in Beijing."His words are only aimed to appeal to domestic interest groups," said Tan Yaling, an expert at the China Institute for Financial Derivatives at Peking University.Given China's growing international clout and the lack of jobs in the United States, Obama will certainly try to make China change its currency policy as this is an easy way to weaken China's export industry, she said.It was also a relevant tactic given the President was losing ground in opinion polls and facing tough conditions leading up to the mid-term election later this year, she said.Although the U.S. economy recovered to 5.7 percent growth in the fourth quarter last year, a record high in six years, jobless rate surged to more than 10 percent.Fiscal deficit is set to hit 1.56 trillion U.S. dollars in 2010, or 10.6 percent of its GDP, a new record since the Second World War.In the State of the Union Address on Jan. 28, Obama made it clear he would focus on jobs in 2010 and pledged to double exports in five years which could create 2 million jobs in the States.Tan Yaling said Obama's export drive could not fix the job problem, while a stronger yuan would add costs for U.S. consumers.RESIST PRESSUREIt's an old trick for the U.S. to force its major trade partners to appreciate their currency to help itself in a time of crisis, said Zhang Yansheng, director of the Institute of Foreign Trade of the National Development and Reform Commission."China's reforms, including exchange rate reform, should be independent of other countries," he said.He noted China's currency policy should comply with the country's macroeconomic conditions and industry restructuring. As many exporters' sales were just starting to pick-up, a rising renminbi would hurt their fragile recovery.Many foreign experts also agreed that the appreciation of the renminbi would not remedy the global economic imbalance.A 20 percent rise in the yuan and other major Asian currencies would at best lead to a rise in U.S. exports worth 1 percent of gross domestic product, as the International Monetary Fund (IMF) estimates suggested, said Olivier Blanchard, Economic Counsellor and Director of the Research Department of IMF."I think it's very important not to bash China over the RMB. What China should do, and is actually doing, is to decrease its saving rate, thus increase domestic demand, and reorient production to satisfy this higher domestic demand," he said in an interview with Reuters on Jan. 29.The renminbi has gained around 21 percent since July 2005 when the government delinked the yuan from the U.S. dollar. However, China's trade surplus with its major trading partners did not fall accordingly."The exchange rate of renminbi is not the main reason for the Chinese-U.S. trade deficit," Foreign Ministry Spokesman Ma Zhaoxu said Thursday."We expect the United States to view bilateral trade issues rationally and to negotiate fairly. Accusation and pressure would not bring a solution," said Ma.

BEIJING, Feb. 8 (Xinhua) -- The Communist Party of China (CPC) Central Committee Monday called on it members to strengthen learning Marxist theories and various fields of knowledge as required by the country's modernization drive.A circular issued by the General Office of the CPC Central Committee said, "Be it a country, a nation or a party, if it does not strengthen study or enhance the learning ability, it will certainly be left behind by the time."It said as China has entered a new development stage, new problems will constantly emerge and "there are many things that we are not familiar with, or do not understand."It called on CPC members to deeply learn the Marxist theories, the Party's guideline principles, policies, history, and the country's laws and regulations, as well as various kinds of knowledge that would be useful in the modernization drive.It said efforts should be made to study the Scientific Outlook on Development, the core of policies of the leadership which has been enshrined in the Party's constitution and stresses a comprehensive, balanced and sustainable development that is people-oriented.

BEIJING, Feb. 11 (Xinhua) -- Chinese Vice Premier Li Keqiang Thursday called for greater efforts in boosting maritime activities, especially scientific expeditions to polar regions and the oceans.Li extended New Year's greetings via video signals and phone calls from Beijing Thursday to members who have been performing scientific expedition missions in oceans and polar regions.He also emphasized the importance of integrating domestic development and opening-up, serving the nation and benefiting mankind."Human activities have been spreading at an even faster speed from land to seas and oceans, polar regions, outer space. More and more people have got to know the important effects of the Antarctic, the Arctic and oceans on the global environment and development, "said Li,"a growing number of countries are eyeing the economic and scientific resources hidden there." Chinese Vice Premier Li Keqiang (2nd R) salutes to members of Chinese exploration teams at the Antarctica, the Arctic and on the ocean through video telephone at the State Oceanic Administration in Beijing, China, Feb. 11, 2010Li called on scientific expeditionists and maritime workers to continue to carry forward fine traditions and make greater efforts in furthering scientific expedition and research capabilities. He also emphasized the importance of fostering a professional team to advance the expedition activities to the polar regions and oceans. Chinese Vice Premiers Li Keqiang (front C) visits the State Oceanic Administration in Beijing, China, Feb. 11, 2010.China has set up three stations in the Antarctica and an Arctic station known as "Huanghe". China's 26th Antarctic expedition team began its journey Oct. 11 from Shanghai, with participation of 251 scientists, workers and crew members. The expedition will end April 10.

BEIJING, Jan. 14 (Xinhua) -- Chinese Vice Premier Li Keqiang has stressed that more efforts were needed to ensure stable energy supply, which should be regarded as a key task in regulating current economic operation.     Li made the remarks Wednesday when inspecting the State Electricity Regulatory Commission and the State Grid Corporation of China on power supply during winter.     He urged relative departments to help the grassroots relieve supply-demand strains in certain areas. Chinese Vice Premier Li Keqiang (L, front) inspects the State Electricity Regulatory Commission in Beijing, Jan. 14, 2010. Li Keqiang inspected the State Electricity Regulatory Commission and the State Grid Corporation of China Thursday on power supply during winter    Snow and temperature drops have hit much of China, and the demand for coal, power, gas and transportation soared sharply. The pressure from power consumption kept on climbing in winter, Li said.     More efforts were needed to improve coal output and supply, optimize power production and management, ensure oil and gas supply and improve energy transmission, Li said.Chinese Vice Premier Li Keqiang (2nd R) speaks at a conference when inspecting the State Electricity Regulatory Commission and the State Grid Corporation of China on power supply during winter in Beijing, Jan. 14, 2010

BEIJING, March 11 (Xinhua) -- The Bank of China (BOC) plans to issue new Hong Kong-listed H shares, about 20 percent of its current H shares, as soon as possible, said BOC Board Chairman Xiao Gang Thursday.But the BOC had to wait for approvals from shareholders and securities regulators on the mainland and in Hong Kong, Xiao said.The BOC, China's third largest bank by market value, in January declared it would sell no more than 40 billion yuan (5.86 billion U.S. dollars) of bonds convertible to A shares to improve capital adequacy.The BOC currently had no acquisition plans in China or overseas, Xiao said.The biggest credit risks lied in the local governments' financing units and the BOC was tightening loans to these units, he said.