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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, Jan. 7 (Xinhua) -- Chinese Vice Premier Zhang Dejiang Friday called for improving the management and supervision of China's state-owned assets and promoting the development of state-owned enterprises (SOEs), to preserve and increase the value of state property.Chinese state assets management and supervision authorities should work to improve monitoring systems and boost the scientific development of state-owned economies, as Chinese SOEs will face the "pressing task" of reform and development over the next five years, Zhang told a national conference on state assets supervision and management.Chinese SOEs progressed rapidly in the previous five years, he said, adding that state-owned economies play an important role in the development of the Chinese economy.Zhang urged state assets management and supervision authorities to further improve the organizational and legal systems, accelerate the reform of SOEs, and transform the development pattern of SOEs, which are responsible for taking the lead in China's scientific innovation and making contributions to the nation's development.

OSLO, Dec. 10 (Xinhua) -- More than 200 overseas Chinese in Norway demonstrated here on Friday to protest against the Nobel Committee's decision to confer this year's Nobel Peace Prize to Liu Xiaobo, a convicted Chinese criminal.The organizers said the overseas Chinese, who joined the demonstration near Oslo city hall despite cold weather, were from 13 Chinese communities.The protestors held banners reading "Liu Xiaobo Is A Criminal!""No Meddling in China's Internal Affairs!" "Peace Prize = Political Tool!" "Opposition to Nobel Peace Prize to Liu Xiaobo" and "Oppose The Wrong Decision By The Norwegian Nobel Committee", chanting slogans such as "China has contributed to world peace!"A Norwegian man also took part in the protest, holding a banner reading "Liu Xiaobo did nothing to peace!"Ma Lie, president of Norway Association for Promoting Peaceful Reunification of China, said the Nobel Committee made a wrong decision to confer the prize to Liu, noting it should not intervene in China's domestic affairs and hoping the committee can really understand the notion of world peace.On Nov. 29, representatives of overseas Chinese in Norway handed an open letter to Geir Lundestad, secretary of the Norwegian Nobel Committee, strongly protesting the awarding of this year's Nobel Peace Prize to Liu.Liu was sentenced to 11 years in prison for engaging in activities aimed at overthrowing the government.

BEIJING, Dec. 3 (Xinhua) -- China and Venezuela Friday pledged to boost bilateral relations and cooperation.The pledge came out of a meeting between Chinese Vice Premier Li Keqiang and Venezuelan government delegation, which is in China for the ninth meeting of the China-Venezuela Senior Mixed Committee.Hailing the fast growth of China-Venezuela relations in recent years, Li said the two sides have enjoyed fruitful cooperation in areas including energy, agriculture, culture and infrastructure.Li noted that Venezuela has become one of China's most important trading and investment partners in Latin America.Chinese Vice Premier Li Keqiang (R front) meets with Jorge Giordani, chief delegate of a Venezuelan government delegation, which is in China for the ninth meeting of the China-Venezuela Senior Mixed Committee, in Beijing, capital of China, Dec. 3, 2010.He said strengthening cooperation between the two countries is not only beneficial for the two countries but also good for south-south cooperation and the overall strength of developing countries.China will conduct relations with Venezuela with a strategic point of view and promote pragmatic cooperation in all areas, Li said.He added that the mixed committee of senior officials from both sides can play an active role in this regard.The vice premier also extended his condolences to northern parts of Venezuela, which were hit by the recent flooding.He also announced, on behalf of the Chinese government, an emergency assistance package for Venezuela to help in the food relief work.Chief delegate Jorge Giordani, the Venezuelan minister of planning and finance, expressed Venezuela's gratitude for China's assistance.He also said Venezuela is satisfied with the two countries' expanding cooperation.He said Venezuela will continue to expand cooperation with China while taking the bilateral relationship to a new high.

BEIJING, Dec. 16 (Xinhua) -- Chinese Vice Premier Li Keqiang has urged more efforts to maintain steady and rapid economic growth and accelerate the transformation of the economic development pattern over the next five years.Li made the remarks Wednesday at a seminar on goals and policies of China's key 12th Five-year (2011-2015) Plan, according to a statement by the State Council, or China's Cabinet, on Thursday.At the seminar, the State Council solicited advice from senior officials of Tianjin Municipality, Jilin, Jiangsu, Henan, Yunnan and Gansu provinces, on the draft of the guidelines of the five-year plan.After listening to suggestions from provincial-level officials, Vice Premier Li said it is imperative for local governments to accelerate the transformation of the economic development pattern, while maintaining steady and rapid economic growth in the long term to benefit all Chinese people.As for the work next year, Li said local governments should more actively and prudently handle the relationship between keeping steady and rapid economic development, restructuring the economy and managing inflation expectations."More efforts should be provided to stabilize prices next year," he told the seminar.When planning goals and strategies for the development over the next five years, Li said, major indicators, such as the economic growth rates, should be defined "reasonably" and binding targets should be emphasized.Over the next five years, China will open wider to the outside world, expand its domestic consumption, push the reform of the income distribution system, create more jobs and improve its basic public service and social security system, he said.Li noted that local governments should work hard to allow residents' income growth to keep pace with the economic growth rate, and assure that laborers' wage hikes reflect productivity increases.