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MOSCOW, June 21 (Xinhua) -- China has played a role of great importance during the founding and development of G20, Russian presidential aide Arkady Dvorkovich said on Monday."Without China's participation, it would be much more difficult for the group to discuss or solve the developmental problems of world economy. Therefore, the participation of China, as well as some other emerging economies like Brazil and India, has become prominently significant," Dvorkovich commented after a news conference ahead of the upcoming G8 and G20 summit in Toronto, Canada.The presidential aide said the Chinese leaders' stance and viewpoints, proposed in the previous three G20 financial summit since November 2008, have helped stabilize the world economy as a whole.Dvorkovich noted that China's decision on further exchange rate reform was not outcome of external pressure.He said that any country, including Russia, China and the United States, could not allow their domestic policies to be ruled by external factors. The nations, however, should understand the common and mutual responsibilities in the global economic system.The delegates to the G20 summit will adjust their polices after consultations, but nobody will bend under pressure, he stressed.Dvorkovich said that several countries may voice concerns over China's exchange rate policies at the summits, but there will not be large-scale discussions over the Chinese currency.The People's Bank of China, China's central bank, announced on Saturday a decision to proceed further with the reform of the exchange rate regime to enhance the flexibility of the RMB's exchange rate.
BEIJING, June 23 (Xinhua) -- Chinese President Hu Jintao left Beijing for Canada Wednesday afternoon to pay a state visit to the country and attend the fourth Group of 20 (G20) summit scheduled for June 26-27 in Toronto.Hu is invited by Canadian Governor-General Michaelle Jean and Prime Minister Stephen Harper.At this summit, G20 leaders will discuss ways to consolidate the recovery of the world economy and the reform of the international financial system in the aftermath of the global financial crisis.
URUMQI, June 14 (Xinhua) -- China is diversifying its methods of importing energy from neighbor countries in central Asia as a train carrying 45 tonnes of liquefied petroleum gas (LPG) from Kazakhstan reached the country's inland port of Alataw Pass on Monday in the northwest Xinjiang region.It also marked the first time China imported energy from central Asia using railroads, rather than pipelines, since the founding of new China back in 1949."Central Asia is rich in oil and gas. China's state-owned oil giant CNPC has made large investments in recent years to purchase and explore resources in the region," said Gao Hongbo, general manager of a privately-run logistics and financial services company based in Xinjiang Uygur Autonomous Region."Oil and gas could be transported through pipelines but the liquefied gas, obtained as a by-product from the refining of petroleum, could not be effectively transported due to the product's nature, causing huge waste," Gao said.Gao said the only option is to import the liquefied gas using railways, given current circumstances.But China's railways use the standard gauge (distance between rails at 1,435 mm), which is different from its Central-Asian neighbors' broad rail gauge (distance above 1,435 mm), and special lines need first to be built for the mass importing of LPG.Gao said his company has so far spent 300 million yuan (44 million U.S. dollars) in building nine broad-gauge rails and six standard gauge rails in Alataw Pass. These lines are expected to import 50,000 tonnes of LPG this year.The company plans a total of 21 lines to be built, and the annual capacity of these lines is expected to reach 200,000 tonnes of LPG during the next three years.These lines, when completed, will also be used to import 500,000 tonnes of oil each year and 2.5 million tonnes of commodities and mineral resources from central Asia.
GONGSHAN, Yunnan, Aug. 20 (Xinhua) -- Rescuers are racing to search for 80 people still missing three days after rain-triggered mudslides hit a remote mountain town in southwest China's Yunnan Province, killing at least 12.By 7 p.m. Friday, rescuers had recovered six more bodies, bringing the death toll to 12, said Hou Xinrong, deputy head of the Drung-Nu Autonomous County of Gongshan, which administers Puladi Township where the mudslides occurred.Hampered by the mountain terrain and persistent rainfall, the rescue efforts had been progressing slowly, Hou said. "Excavators can't proceed to the site and mountain torrents could be triggered at any time due to the downpours."Most of the missing people are employees of the Yujin Iron Mine and residents of Puladi, where the mudslides struck at about 1:30 a.m. Wednesday.Around Friday noon, a Xinhua reporter saw several soldiers digging in the debris with spades, hoes and sometimes their bare hands in hardest-hit Litoudi Village."We've found a body here, but it was stuck in the mud. We have to be gentle to ensure the integrity of the body," said Yang Pingang, an officer with the Yunnan Provincial Military Area Command. "We want to show our respects to the deceased."
BEIJING, Aug. 11 (Xinhua) -- China's consumer price index (CPI), one of the main gauges of inflation, rose to its highest level this year boosted by rising food prices.The CPI gained 3.3 percent in July from a year earlier, 0.4 percentage points higher than in June, the National Bureau of Statistics (NBS) said Wednesday. It has exceeded the 3-percent full-year target ceiling the government set in March.Food prices, which account for about a third of the weighting in calculating the CPI, climbed 6.8 percent in July, compared with June's increase of 5.7 percent.The country's CPI gained 2.7 percent year on year in the first seven months of this year, 0.1 percentage points higher than the January-June figure, the NBS said.The producer price index, a major measure of inflation at the wholesale level, grew 4.8 percent year on year in July, 1.6 percentage points lower than in June, the NBS said.