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SEOUL, Nov. 12 (Xinhua) -- Chinese President Hu Jintao and leaders of other Group of 20 (G20) members gathered here Friday to address the challenges to the ongoing global economic recovery and work out strategies to achieve strong, sustainable and balanced global growth.President Hu, who participated in the G20 summits in Washington in 2008, in London and Pittsburgh in 2009, and in Toronto last June, is expected to expound China's stand on the major issues to be discussed at the fifth meeting in the South Korean capital, according to Chinese officials.At the Seoul summit, the leaders will discuss the world economic situation, the "Framework for Strong, Sustainable and Balanced global growth," the reform of global financial institutions, the strengthening of financial regulations, a global financial safety net and development issues.Chinese President Hu Jintao attends the inauguration of the Group of 20 (G20) Summit in Seoul, capital of South Korea, Nov. 12, 2010."The G20 summit to be held in Seoul, South Korea, is the first one of its kind to be held in an emerging economy and in Asia, hence it is of great significance to the development of the G20 mechanism," President Hu said in a written interview with South Korean media last Tuesday.Hu said the Seoul summit should focus on the following issues:-- To continue to strengthen coordination of macro-economic policies using an "in-the-same-boat" spirit and mutually beneficial and win-win principles, and to send to the market positive signals that G20 members were unified in tackling the great challenges of the world economy so market confidence could rally and the momentum of the world economic recovery would be secured.-- To push forward the reforms of the international financial system, to strengthen supervision of the international financial market, and to increase the say and the representation of emerging and developing countries in international financial institutions.-- To push forward a solution to the unbalanced development between developed and developing countries and to provide political support to the realization of UN Millennium Development Goals.-- To oppose trade protectionism and to push forward the Doha Round of World Trade Organization talks to achieve comprehensive and balanced results and its development goals.The previous four G20 summits formulated measures to deal with the international financial crisis. The summits have played an important role in returning the world economy to growth, stabilizing international financial markets and ensuring the confidence of the public and business.When they met last June in Toronto, the G20 leaders agreed on the importance of safeguarding and strengthening the recovery while laying the foundation for strong, sustainable and balanced growth, and strengthening the financial systems.At the Seoul Summit, according to the host South Korea, the G20 will build on past agreements, while introducing new agenda items that support the same fundamental goals.The G20 was established in 1999 to bring together strategically important industrialized and developing economies to discuss key issues in the global economy.It includes Argentina, Australia, Brazil, Britain, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the United States, and the European Union (EU).Together, G20 members represent around 90 percent of global gross national product, 80 percent of world trade (including EU intra-trade) and two-thirds of the world's population.
BEIJING, Nov. 9 (Xinhua) - China's consumer price index (CPI) is expected to rise by slightly higher than the government's target of 3 percent this year, Zhang Ping, head of the National Development and Reform Commission, said Tuesday.Besides upward pressure on commodities prices due to natural disasters and imported inflation, loose domestic liquidity and speculation factors have also contributed to the prices hikes, Zhang said at a coal industry conference, adding that the government is paying close attention to domestic commodities prices, especially farm produce prices.Citizens shop at a supermarket in Haikou, capital of south China's Hainan Province, on Aug. 11, 2010.Zhang also said that edible oil is plentiful, though cotton and vegetables are projected to be in short supply during the rest of the year.Additionally, food prices, which account for one-third of weight in calculating the CPI in China, climbed 8 percent in September, pushing the CPI to reach a 23-month high of 3.6 percent in September.
JAKARTA, Nov. 9 (Xinhua) -- China and Indonesia on Tuesday pledged to step up legislative cooperation on top Chinese legislator's visit to the biggest Southeast Asian country."Thank to their crucial role in their own country's political life, the National People's Congress (NPC) of China and Regional Representative Council (RRC) of Indonesia should carry out friendly exchanges at all levels and increase experience sharing on ethnic and religious policy and seeking region's balanced development," Chairman of the NPC Standing Committee Wu Bangguo said in a meeting with RRC Speaker Irman Gusman Tuesday.Irman underscored RRC's commitment to developing sound ties with China, saying it would seek closer bonds with the NPC, promote experience sharing on economy, politics and people-to- people exchanges, draw on China's experience on balanced development.On broader China-Indonesia ties, Wu reviewed the smooth growth of bilateral ties, particularly since the two countries upgraded their relations to strategic partnership in 2005.Wu Bangguo (L), chairman of the Standing Committee of the National People's Congress of China, the country's top legislature, meets with Irman Gusman, chairman of the House of Regional Representatives of Indonesia in Jakarta, Indonesia, Nov. 9, 2010.This is Wu's first visit to Indonesia, which coincided with the 60th anniversary of China-Indonesia diplomatic ties.As developing countries, China and Indonesia share common tasks of growing economy and improving livelihood, Wu said.Wu said China would like to work with Indonesia to deepen strategic cooperation, address challenges and usher in an new era of bilateral ties.Characterizing bilateral relations as "comprehensive and strategic partnership," Irman said Wu's visit to Indonesia was historic and would promote all-round substantive cooperation.During Wu's stay in Jakarta, China announced 10-million-yuan humanitarian aid in cash to Indonesia as earthquake, tsunami and volcanic eruptions wrecked serious havoc on the country.Later Tuesday, a grand reception was held in honor of top Chinese legislator. Around 1,000 Indonesia officials, business entrepreneurs and others attended the reception.In his brief address at the reception, Wu called on Indonesian people of all circles to contribute their wisdom and commitment to China-Indonesia friendly ties.Indonesia was the second leg of Wu's three-nation tour to Southeast Asia, which also included Cambodia and Thailand.Wu will leave Jakarta for Bangkok on Wednesday.
BEIJING, Dec. 30 (Xinhua) -- China experienced the most frequent and severe weather during 2010, compared to weather in other years of the past decade, a weather official said here Thursday.Chen Zhenlin, a spokesman with the China Meteorological Administration (CMA), said the numbers of extremely high temperature days and extreme precipitation cases that China experienced in the year were rarely seen in history, as was the intensity and area effected by this weather.Extreme weather refers to rare weather phenomena that substantially differ from average conditions and which represent only five percent or less of total weather incidents.According to Chen, China experienced the longest hot spell this year since 1961, as the national average number of days of extremely hot weather climbed to 3.5 days more than the normal level, while the average extreme high temperature reached a historical high not seen since 1961 -- 2 degrees Celsius higher than normal conditions.Meanwhile, average daily precipitation at China's 97 meteorological stations was the highest ever, and the annual number of extreme precipitation cases was the largest since 1961, he said.Further, seven tropical cyclones made landfall in southern China this year.
BEIJING, Jan. 15 (Xinhua) -- Chinese State Councilor Dai Bingguo on Saturday held a telephone conversation with U.S. National Security Advisor Tom Donilon concerning President Hu Jintao's upcoming state visit to the United States.They exchanged views on the preparations for Hu's visit, which is scheduled for Jan. 18-21.They agreed both sides would make joint efforts to ensure a complete success of Hu's visit.