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BEIJING, May 25 (Xinhua) -- Chinese Vice Premier Li Keqiang said Tuesday China must accelerate its transformation of economic growth pattern as the global economy was undergoing structural changes.Li made the remark when he met with members of the International Advisory Council of the China Development Bank (CDB) in Beijing.Li briefed the advisory council members about China's economic situation and its macro-economic policy.He said China had to advance its economic restructuring while continuing the process of reform and opening, to improve people's livelihoods and to enhance the vitality, competitiveness and sustainability of the economy. Chinese Vice Premier Li Keqiang (front L) meets with members of the International Advisory Council of the China Development Bank (CDB) in Beijing May 25, 2010.Li said the world economic recovery was still fragile and faced a great deal of instability and uncertainty. He said the international community should further enhance policy coordination and improve the financial supervision system.The International Advisory Council of the CDB was established in 1999. It consists of notable figures from political, financial and academic circles around the world, including former Australian Prime Minister Paul Keating.The advisory council members were in Beijing for an annual meeting focusing on global economic and financial situation, the international financial crisis and the CDB's role in economic recovery.During the meeting with Li, Keating relayed his appreciation of China's success in maintaining stable and fast paced economic growth and contributing to the recovery of world economy.Keating said over the years, the advisory council members had come to realize that the CDB was a rare and valuable institution. He expressed willingness to further expand links between the CDB and institutions outside of China.

BRASILIA, April 15 (Xinhua) -- Chinese President Hu Jintao met his Russian counterpart Dmitry Medvedev Thursday in Brasilia to discuss bilateral ties and other important issues of common concern.It was the first meeting between the two leaders since they met on the sidelines of the Economic Leaders' Meeting of the Asia-Pacific Economic Cooperation (APEC) forum in Singapore last November.Hu and Medvedev were meeting on the sidelines of a summit of BRIC nations, namely Brazil, Russia, India and China.At the BRIC summit slated for Thursday, leaders of China, Brazil, Russia and India will discuss the global economy and financial situation, reform of the international financial system, climate change and cooperation among the four countries. Chinese President Hu Jintao (R) meets with Russian President Dmitry Medvedev in Brasilia, Brazil, April 15, 2010. In recent years, China and Russia have strengthened their strategic cooperative partnership with enhanced mutual political trust, and fruitful cooperation in all sectors. The countries also have had close interaction and coordination in dealing with international and regional affairs.Last year witnessed the celebration of the 60th anniversary of diplomatic ties between China and Russia, as well as the hosting of the "Year of Russian language" in China, which brought about new breakthroughs in the Sino-Russian strategic partnership of cooperation.Despite some impact on bilateral trade by the global economic crisis, the quality of bilateral economic cooperation between China and Russia has improved, with trade structure optimized and significant progress achieved in energy sector cooperation."Relationship with Russia is one of the priorities of China's diplomacy. The two countries have enjoyed mutual support on issues that concern each other's core interests," Chinese Foreign Minister Yang Jiechi said at a press conference on March 7.Last year, the two countries signed a series of important cooperation agreements covering oil, natural gas, coal, electricity, nuclear energy and high-speed rail, said Yang, adding that the relevant cooperation projects are now well underway."We expect the China-Russia oil pipeline project to be completed by the end of this year and the pipeline will enter into operation next year. Moreover, the two countries are also committed to promoting cooperation between China's northeast region and Russia's Far East and eastern Siberia region," the minister said.

BEIJING, May 7 (Xinhua) -- Hu Jintao, general secretary of the Central Committee of the Communist Party of China (CPC) and Chinese president, held talks in Beijing with Kim Jong Il, general secretary of the Workers' Party of Korea (WPK) and chairman of the National Defense Commission of the Democratic People's Republic of Korea (DPRK).Kim paid an unofficial visit to China from May 3 to 7 as Hu's guest.During their talks, Hu expressed warm welcome to Kim on behalf of the CPC, Chinese government and people.Hu also expressed gratitude for the condolence from the DPRK to earthquake-hit Yushu in northwest China, as well as the DPRK's active participation in the World Expo in Shanghai.During Kim's stay in Beijing, Hu hosted a welcoming banquet in honor of Kim and accompanied Kim in a visit to a biological company.Hu Jintao (R), general secretary of the Central Committee of the Communist Party of China and Chinese president, meets with Kim Jong Il, general secretary of the Workers' Party of Korea and chairman of the National Defense Commission of the Democratic People's Republic of Korea (DPRK), at the Great Hall of the People in Beijing, capital of China, May 5, 2010.Wu Bangguo, member of the Political Bureau Standing Committee of the CPC Central Committee and chairman of the Standing Committee of the National People's Congress, and Wen Jiabao, member of the Political Bureau Standing Committee of the CPC Central Committee and Chinese premier, met with Kim respectively.Other members of the Political Bureau Standing Committee of the CPC Central Committee Jia Qinglin, Li Changchun, Xi Jinping, Li Keqiang, He Guoqiang and Zhou Yongkang, respectively accompanied Kim for the visiting tour.Hu said the traditional friendship between China and the DPRK is the common treasures of the two governments, parties and peoples, and it is the historical responsibility of the two sides to push forward their friendship with the progress of the times and from generation to generation.He said in recent years, Sino-DPRK relations have made continuous achievements, and last year in particular, the two countries celebrated the 60th anniversary of Sino-DPRK diplomatic ties and successfully held the Year of Friendship, and the political contacts and cooperation in all areas have been fruitful.Strengthening Sino-DPRK friendly and cooperative relations is the consistent policy of the Chinese party and government, he said.Hu said China always handles, maintains and pushes forward the relations with the DPRK in a strategic and long-term perspective, and will make joint efforts with the DPRK to upgrade the relationship to benefit the two peoples and to contribute to lasting regional peace and common prosperity.Hu said boosting Sino-DPRK cooperation helps the two countries promote their own socialist construction, and safeguard and develop the common interests as well as regional peace, stability and prosperity.

BEIJING, May 18 (Xinhua) -- Chinese Vice Premier Wang Qishan met here Tuesday with Charles Dallara, managing director of the Institute of International Finance (IIF).The two sides exchanged views on current global economic and financial situation, and issues related to global financial supervision.Dallara made the visit to China as guest of the People's Bank of China.Chinese Vice Premier Wang Qishan meets with Charles Dallara, managing director of the Institute of International Finance (IIF), in Beijing, May 18, 2010.IIF is the global association of financial service firms with more than 375 member institutions in over 70 countries.

NINGBO, Zhejiang, May 16 (Xinhua) -- Internet of Things (IOT) -- which refers to digital networks of physical objects -- has huge potentials but many challenges lie ahead, said scientists, entrepreneurs and government officials on Sunday.IOT has become a catchword for those at the Information and Communication Technology and Urban Development Forum held in east China's coastal Ningbo this weekend on the sidelines of the Shanghai Expo; from ministers to mayors, scientists to entrepreneurs, keynote speakers to audiences.China should accelerate the development of the IOT industry so as to create a new platform for economic growth, said Li Yizhong, Minister of Industry and Information Technology in his opening speech to the forum.The first theme forum of the Shanghai World Expo is closed in Ningbo, a coastal city of east China's Zhejiang Province, May 16, 2010. The two-day forum focusing on information and communication technologies (ICT) and urban development attracted over 600 participants including renowned scholars and entrepreneurs.Minister Li's words were echoed by Zhao Hongzhu, communist party chief of Zhejiang Province, who called for more efforts to develop such key concepts as IOT, which, in his words, "present a brilliant future for urban life."In what's called Internet of Things, networks of real-world objects are linked to the Internet and interact through web services. As more objects are embedded with sensors, giving them the ability to communicate, and networked together, the possibilities are enormous, potentially resulting in new business models, improved business processes and reduced costs and risks, according to a March 2010 report by McKinsey & Co..

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