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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. 4 (Xinhua) -- China and Switzerland held their first study meeting on the feasibility of a Free Trade Area (FTA) in Beijing on Thursday, China's Ministry of Commerce (MOC) said in a statement on its website.The meeting will continue until Friday, the department of international trade and economic affairs of the MOC told Xinhua.According to MOC statistics, bilateral trade between China and Switzerland topped 11.3 billion U.S. dollars in 2008.Although the two-way trade volume dropped slightly on account of the global economic downturn in 2009, the decline rate was small.Official figures also show that Switzerland is China's ninth largest European trade partner, while China is Switzerland's fourth largest global trade partner.

ULAN BATOR, Feb. 1 (Xinhua) -- Aid materials provided by the Chinese government arrived on Monday to help Mongolians cope with the worst snowstorms the country has ever seen in three decades.The aid, worth 10 million yuan (1.46 million U.S. dollars), includes food, portable power generators and quilts.At a handover ceremony at the airport, Enkhbold Miyegombo, deputy prime minister of Mongolia and head of the State Emergency Commission, said the timely support was an embodiment of brotherhood between China and Mongolia.Chinese Ambassador Yu Hongyao said he was confident that Mongolians would overcome the disaster with the leadership of the Mongolian government.The Red Cross Society of China has also announced a donation of 30,000 dollars to Mongolia, Yu said.Snowstorms across Mongolia have left over 1.5 million head of cattle dead, dealing a heavy blow to the country's farming industry.

BEIJING, Jan. 28 (Xinhua) -- The Chinese government has decided to cut the number of local government liaison offices in Beijing and strengthen supervision to cut cost and root up corruption, a senior official from the Government Offices Administration of the State Council said Thursday.Counties, local government departments, and development zones were ordered to close liaison offices in the capital within six months, the unnamed official quoted a circular issued by the State Council's General Office on Jan. 19 as saying.As of 2006, Beijing has 50 liaison offices representing China's provinces and special economic zones, 295 representing major cities, 146 representing local government departments and 436 representing counties, figures from the administration showed.Liaison offices of provinces, municipalities and autonomous regions and special economic zones could retain their offices in Beijing, while established city-level liaison offices could be kept only after being approved by provincial governments, according to the circular.The official warned local government to guard against loss of state assets when liaison offices were closed saying the assets should be dealt with according to relevant regulations.Liaison offices usually have assets that include apartments, guest houses and hotels, and restaurants.The circular also clarified major functions of retained liaison offices, which should offer "high-quality, frugal and efficient" service for the economic and social development of their localities.The liaison offices should shoulder tasks entrusted by their localities' Communist Party of China (CPC) committees and government, as well as by the central Party and government organs, the official said.They should also cooperate with the Beijing municipal government in maintaining the capital's stability, offer service for institutions and people from their localities, and help to administer and provide training and service for migrant CPC members from their localities who came to work in Beijing, the official said.To enhance supervision and fight corruption, local government should conduct audit on its liaison office each year, and the Government Offices Administration is empowered to conduct spot-check on local government's audit results when necessary, according to the circular.The official said members of the retained liaison offices should be strict with themselves, shun from extravagant receptions and strictly control expenses.The official said "local government liaison offices s played positive role in coordinating work among regions, handling some emergency incidents, and maintaining the capital's stability."However, lax supervision, a swelling number, shoddy quality, vague definition of their functions were problems plaguing these offices, the official said.Some local government liaison officials were even implicated in serious corruption cases and resulted in serious negative social impact, he said.The measures outlined in the circular could "enhance the building of a clean government, building up a good image of the CPC and the government, cutting administrative cost and expenses, and pushing forward the transformation of the liaison offices' functions," the official said.