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BEIJING, Dec. 18 (Xinhua) -- China's economic diplomacy will face growing challenges in the form of trade and exchange rate disputes, as well as the task of protecting overseas investment interests, over the next few years, experts said on Sunday.Next year will be an election year for the Unite States and France, and there is an increasing possibility for the two countries to use the "China threat" as an excuse for not dealing with their own economic issues, which will put Chinese diplomacy under pressure, said Ding Yifan, deputy director of the Institute of World Development of the Development Research Center of the State Council at a seminar on Chinese diplomacy.During the first half of 2012, several countries will remain in a grave debt crisis and may even see their crises deepen, Ding said, adding that this situation may create friction between China, the United States and Europe.Additionally, protecting China's growing overseas investments will pose new challenges for the country's diplomacy, Ding said.Chen Fengying, director of the Institute of World Economic Studies under the China Institutes of Contemporary International Relations, agreed that the protection of China's overseas investment interests will be an important task for Chinese diplomacy.During the past three decades, China has invested in more than 170 countries and regions, with outbound direct foreign investment topping 170 billion U.S. dollars.In the past 30 years, China has been focused on "bringing in" foreign investment; it may do more to facilitate its "going out" in the future, Chen said.Chinese economic diplomacy will serve the country's economic construction and the protection of its overseas interests, national interests and security, Chen said, adding that China's position in the world is closely related to its economic diplomacy.Chen said China has made several achievements in international economic governance, reflected by China's growing influence in the international arena and the posts held by Chinese officials in important international organizations.

BEIJING, Dec. 4 (Xinhua) -- Chinese President Hu Jintao sent a message to Venezuelan President Hugo Chavez and Chilean President Sebastian Pinera on Friday to congratulate the founding of the Community of Latin American and Caribbean States (CELAC).In his message, Hu said that the establishment of CELAC is a major milestone in regional integration and that China appreciates the positive role of Latin American and Caribbean countries in international and regional affairs.China believes that the establishment of the community will make important contributions to unity and coordination in the region as well as joint efforts to counter global challenges, Hu said.China and Latin America are geographically apart, but their peoples enjoy traditional friendship, Hu said.In the 21st century, relations between China and Latin America have seen all-round and fast development with the expansion of mutually beneficial cooperation, Hu said.China has always treated its relations with Latin America from a strategic perspective and China is willing to work with CELAC and other countries in the region to build and develop a comprehensive cooperative partnership of mutual benefit and common development through the strengthening of dialogue, communication and cooperation, said Hu.The idea of CELAC was initiated in February 2010 at a regional summit in the Mexican resort of Cancun. The new grouping represents all countries in the Americas except Canada and the United States.

BEIJING, Nov. 26 (Xinhua) -- In response to the government's call to build a greener economy, China's transport authorities have taken a slew of measures to promote energy saving and emission reductions in the sector.Under the sector's funding policy unveiled earlier this year, 122 emission-cutting projects in the industry have received financial support totalling 250 million yuan (39.3 million U.S. dollars). Encouraged by the special funds, another 8.06 billion yuan in investment went to the projects, according to He Jianzhong, spokesman for the Ministry of Transport (MOT).The projects were estimated to be able to save 315,000 metric tons of coal equivalent, replace 224,000 metric tons of fuel oil and reduce carbon dioxide emission by 1.14 million metric tons, He said.Meanwhile, the MOT has launched nationwide programs to promote low-carbon traffic. It has carried out 80 pilot projects on emission control and designated 10 cities as pilot areas to study and promote green transport system, including Tianjin, Shenzhen, Xiamen, Guiyang, Baoding and Wuhan.He said the ministry will continue to intensify efforts to regulate emissions in the sector to meet the industry's control target during the 12th Five-Year Plan period (2011-2015).In efforts to build a more environmental-friendly society, the government pledged that it will reduce the intensity of carbon dioxide emissions per unit of economic output in 2020 by 40 to 45 percent compared with the level of 2005.

WUHAN, Oct. 8 (Xinhua) -- A museum that honors the 1911 Revolution, also known as the Xinhai Revolution, reopened Saturday after renovation to commemorate the centenary of the uprising at Wuchang in central Hubei province.More than 200 items that illustrate the revolution, such as photos, telegraphs, models and and simulative historic scenes, are on display.Located near the famous Yellow Crane Tower, the museum was once the headquarters of the revolutionary army.The movement's leader, Sun Yat-sen, overturned the ruling Qing Dynasty (1644-1911) after the revolution on Oct. 10, 1911 and founded the Republic of China in 1912.Commemorative gatherings were also held in provinces of Guangdong, where Sun was born, and Jiangsu, where the capital of the Republic of China was located.