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BEIJING, Feb. 24 (Xinhua) -- Chinese Vice President Xi Jinping on Wednesday met here with senior executives of Republic of Korea's technology powerhouse Samsung Electronics.The executives included Samsung Electronics' Permanent Consultant Yun Jong Yong and Chief Executive Officer Choi Geesung.Xi praised an exchange program which had yielded positive results, allowing some middle-aged and young students at the Party School of the CPC Central Committee to visit the ROK for inspection purposes.This was a cooperative program attended by the Organization Department of the Communist Party of China (CPC) Central Committee, Party School of the CPC Central Committee and Seoul-based Samsung Electronics, the world's leading electronics and technology company.Chinese Vice President Xi Jinping (2nd R) meets with senior executives of Republic of Korea's technology powerhouse Samsung Electronics in Beijing, China, Feb. 24, 2010. The executives included Samsung Electronics' Permanent Consultant Yun Jong Yong and Chief Executive Officer Choi GeesungXi voiced the hope that the two sides can step up cooperation, enrich and deepen the inspection so as to make new contributions to China-ROK friendly relations.On the broader bilateral relationship, Xi said the two countries witnessed frequent high-level visits, close trade cooperation, active people-to-people exchanges and good communication on international and regional issues."China is satisfied with the relationship and would like to make joint efforts with the ROK to advance our friendship and mutually-beneficial cooperation," Xi said.Trade ties, which have seen robust growth since the two countries forged diplomatic relations in 1992, stood as a key pillar of the China-ROK relationship and generated substantial benefits for both peoples, Xi said.Xi encouraged Samsung Electronics to seize opportunities and expand businesses in China and play a bigger role in pushing bilateral economic cooperation.Yun, who took the helm of Samsung Electronics from 1996 to 2008, said the company's China business was in a good shape and it would continue to pursue its planned investment projects.Yun pledged Samsung Electronics would cooperate with the Chinese side on the exchange program for students at the Party School of the CPC Central Committee.Yun and his delegation will conclude their visit to Beijing on Friday.
GENEVA, March 16 (Xinhua) -- A senior Chinese diplomat on Tuesday called for international cooperation in dealing with global challenges such as economic crisis, climate change and the shortage of energy and resources."The impact of the global economic crisis is still with us, while global challenges such as climate change, energy and resources, public health security have become increasingly prominent," said He Yafei, China's new ambassador to the United Nations Office in Geneva."Collective efforts are essential, under the present new circumstances, if the above global problems are to be put behind us. No country can do it alone," He told a reception marking his assumption of office.According to the ambassador, China has always stood for intensified international cooperation to meet global challenges."Over the past year, China has actively participated in international cooperation to address international financial crisis and climate change, and played a unique and constructive role in a series of major international conferences," he told diplomats and journalists at the reception.He added that China had all along championed multilateralism, and the country had been resolute in supporting the positive role of the United Nations in maintaining world peace and security, promoting common development and safeguarding human rights.

BEIJING, Jan. 17 (Xinhua) -- The United States needs to face up to its own imbalances rather than engage in more China bashing over trade, said world-renowned economist Stephen Roach. "The West, especially the United States, needs to take a long hard look in the mirror and face up to its own imbalances. Hypocrisy is not a recipe for global statesmanship," wrote Roach in Singapore's leading financial daily Business Times this week. As U.S. congress and the White House look toward the mid-term elections of 2010, Washington could well up the ante on China bashing -- moving from a rhetorical assault to widespread trade sanctions, predicted Roach, chairman of Morgan Stanley Asia. He noted that the United States has already imposed trade sanctions on Chinese exports of tyres, coated paper product and steel piping and grating in recent month. Roach argued that the expected salvo from Washington was apparently built on hypocrisy as the United States itself should also be held accountable for the global economic imbalances. Meaningful progress on global rebalancing could not occur without progress by both China and the United States and that China has a more optimistic prospect of achieving rebalancing, he said. "There is good reason to believe that China ... is about to take dramatic steps in rebalancing its domestic economy in a fashion that would provide a sustained and meaningful reduction in its current account surplus." China viewed the recent crisis and recession as an unmistakable wake-up call, which left the country with little choice other than to shift the sources of its GDP growth from external to internal markets, he said. However, it was hard to be sanguine about the outlook for America's saving and current account imbalance. "The United States, with its massive shortfall in domestic saving, has come to rely heavily on surplus saving from abroad to fund economic growth. And it must run massive current account deficits in order to attract that capital," he said. All nations need to be accountable for the role they need to play in driving a long overdue global rebalancing, said Roach. "It would be the height of folly to try and force China into a counter-productive approach, especially since it appears to be taking its own rebalancing agenda very seriously."
TIANJIN, March 21 (Xinhua) -- The construction of a new express railway section between two cities near Beijing was kicked off Sunday, which, when completed, is expected to further speed up economic integration around the Chinese capital.The 158-km-long railway linking coastal Tianjin and Baoding in Hebei Province will shorten the journey between the two cities to less than an hour.The project is part of the railway network that covers Beijing, Tianjin and cities in Hebei."The network will serve as an important impetus for the integration of the cities around Beijing," said Wang Ailan, a researcher with the Tianjin Academy of Social Sciences.An express railway between Beijing and Tianjin was put into operation in August 2008, shortening the 120-km journey between the two municipalities to only 30 minutes from the previous 74 minutes at least.The intercity railway network is centered at Beijing and Tianjin, and all the cities covered by the network, including Hebei provincial capital Shijiazhuang and coastal Qinhuangdao, can reach each other within two hours' rail ride, according to the plan .With an investment of 24 billion yuan (about 3.5 billion U.S. dollars) and a designed speed of 250 km per hour, the section between Tianjin and Baoding will serve both passenger and freight trains.The railway between Tianjin and Qinhuangdao, which is under construction, boasts a designed speed of 350 km per hour and will cut the trip between the two cities to 50 minutes when completed. Currently, the fastest train journey between the two port cities is about two hours.A high-speed passenger rail between Beijing and Shijiazhuang is also under construction. By 2012, 11 cities in Hebei will be covered by high-speed rails, and by 2020, the intercity railways between Beijing, Tianjin and cities in Hebei will reach 710 kilometers.
BEIJING, Jan. 27 (Xinhua) -- Chinese President Hu Jintao concluded a three-day tour to the quake-hit Shaanxi Province on Tuesday, calling for more efforts to beef up reconstruction with high quality.Hu spoke highly of the infrastructure reconstruction after the severe earthquake in 2008 and urged local authority to spare no effort and complete the work with high quality. Chinese President Hu Jintao (C Front) talks with local residents during visit to high-rise residential buildings, which used to be a shanty community in Beilin District in Xi'an, northwest China's Shaanxi Province, Jan. 25, 2010. Hu concluded a three-day tour to the quake-hit Shaanxi Province on Tuesday, calling for more efforts to beef up reconstruction with high quality. He said the rebuilding should comply with long-term development, and should be environmental-friendly and be able to shield against earthquake and natural disaster.During his visit to a local auto plant and an electrical facilities producer, Hu asked enterprises to enhance innovation and sharpen their competitiveness. Chinese President Hu Jintao (2nd R) listens to introduction during his inspection at a local auto plant in northwest China's Shaanxi Province, Jan. 25, 2010.As he inspected an aerospace research institute, Hu said the aerospace industry is of strategic importance and plays an increasingly important role in the competition of national strength.He encouraged researchers to contribute more to human being's peaceful use of outer space.During a visit to high-rise residential buildings, which used to be a shanty community in Beilin District in Xi'an, Hu ordered local authorities to step up transformation of of shanty towns to provide more new homes for needy residents.Hu also urged upgrading industrial structure and reducing energy consumption and pollution to protect the environment amid efforts to strike a balance between maintaining a stable and relatively fast economic growth and transforming the growth mode.He also urged boosting innovation capability and expanding public services to improve people's livelihood.During his visit to the Ningqiang County, Hu said the government will continue to help farmers to enhance agricultural production and raise their income.
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