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BRUSSELS, Oct. 7 (Xinhua) -- Visiting Chinese Premier Wen Jiabao has elaborated China's positions and perspectives on various issues, including the Chinese yuan appreciation and the investment environment, at the sixth China-Europe Business Summit and other occasions.At the business summit held Wednesday, Wen said China's trade surplus was explained by the specific structures of the economies involved in international trade instead of the exchange rate of the yuan."The trade issue should not be politicized. It is an issue of the (trade) structure," the premier said.He said China was never in pursuit of trade surplus, but in pursuit of balanced and sustainable trade. Chinese Premier Wen Jiabao addresses the 6th China-European Union Business Summit in Brussels, capital of Belgium, Oct. 6, 2010.The world will by no means benefit from an appreciation of the yuan by 20 percent to 40 percent -- as the U.S. has demanded -- because it will damage the Chinese economy, and the Chinese economy contributed about 50 percent of the global economic growth last year, according to him.Wen urged the European entrepreneurs not to pressure China on the yuan's appreciation, saying China "will stick fast to the exchange rate reform. We will gradually allow more flexibility in the yuan exchane exchange rate."He assured European investors of a good investment environment in China, saying China would stick to its reform and opening up policiesHe said foreign businesses operating in China will enjoy the same national treatment as Chinese enterprises do on issues related to intellectual property, independent innovation, and government procurement.Also on Wednesday, Premier Wen attended the 13th China-EU Summit, co-chaired by him, European Council President Herman Van Rompuy and European Commission President Jose Manuel Barroso.
BEIJING, Sept. 10 (Xinhua) -- China has decided to postpone a negotiation with Japan on the East China Sea issue as part of its response to the seizure of a Chinese fishing boat, said Foreign Ministry spokeswoman Jiang Yu Friday night.The postponed talks, the second governmental negotiations on the principle common understandings on the East China Sea issue, had been scheduled for mid September, according to Jiang.A Japanese court on Friday, despite Chinese protests, ruled a 10-day detention through Sept.19 against the captain of a Chinese trawler which collided with Japanese patrol ships off the Diaoyu Islands in the East China Sea on Tuesday.The Chinese trawler under detention stops at the harbor of Ishigaki, Okinawa, Japan, Sept. 9, 2010. Japan Coast Guard sent the captain of the Chinese trawler which collided with Japanese patrol ships in waters off Diaoyu Islands to prosecutors in Okinawa Prefecture Thursday morning."The Japanese side has ignored China's repeated solemn representations and firm opposition, and obstinately decided to put the Chinese captain under the so-called judiciary procedures. China expresses strong discontent and grave protest," Jiang said."The Diaoyu islands and its adjacent islets have been Chinese territory since ancient times. Japan's acts have violated the law of nations and basic international common sense, and are ridiculous, illegal and invalid," Jiang said."Japan will reap as it has sown, if it continues to act recklessly," Jiang warned.Chinese Foreign Minister Yang Jiechi on Friday summoned Japanese Ambassador to China Uichiro Niwa, saying China's determination to defend its sovereignty over the Diaoyu Islands and the interests of the Chinese people was unswerving.Yang said China demanded Japan immediately and unconditionally release the boat and all the crew, including the captain.On Tuesday, two Japan Coast Guard patrol ships and the Chinese fishing boat collided in waters off the Diaoyu Islands.No injuries were reported, but the fishing boat was then intercepted by the Japanese patrol.

BEIJING, Nov. 3 (Xinhua) -- The Consumer Price Index (CPI), the main gauge of inflation in China, is likely to rise 4.1 percent in October after accelerating to a 23-month high of 3.6 percent in September, the Bank of Communications forecast on Wednesday.The bank, China's fifth largest lender, said in a report that the index would see moderate dips in the coming two months amid decreasing demand due to the slowing economy.But oversupply of liquidity at home, surging food prices, rising labor costs, and pressures caused by imported inflation would mean very limited room for the index to drop, the report said.The report predicts China's CPI would rise 3.1 percent for the entire year of 2010, topping the government's target to keep the inflation rate under 3 percent.It also forecast food prices would rise further during the first half of 2011.Food prices, which account for one-third of weighting in calculating the CPI in China, climbed 8 percent in September, pushing the CPI to the highest level in nearly two years. Food prices had risen 7.5 percent in August, 6.8 percent in July, and 5.7 percent in June.
SHANGHAI, Oct. 24 (Xinhua) -- The number of visitors to the Shanghai World Expo 2010 topped 70 million Sunday, meeting organizers' expectations, according to an announcement on the official Expo website.Total visitor arrivals broke the 70 million mark as of 10:17 a.m. Sunday and by 1:30 p.m. some 572,900 visitors had entered the Expo Park on Sunday, the 177th day since the event started, bringing the total number of visitors to 70.28 million."The news is exciting and it's also encouraging for the organizers," said an official with the Bureau of the Shanghai World Expo Coordination.During the eight years since China successfully won the bid to host the 2010 Expo, Vicente Loscertales, Secretary-General of the International Exposition Bureau (BIE), has been asked again and again what's the value of the World Expo when people can get so much information about countries and trade from the Internet.The Shanghai Expo, the first such global event hosted by a developing country in the history of the World Expo, shows to the world that such an event is still relevant, as the huge number of visitors illustrate."You have achieved new records: a record number of participants, a record number of visitors, and you have built the largest site ever," said Loscertales on Oct. 1."I thought Canada was pretty amazing. Not to mention Italy and France, and you just have to go to Thailand!" "How far is it from Morocco to Monaco exactly?" ... this kind of conversation can be frequently heard at the Expo site.People wait in long queues outside the different pavilions, sometimes for 12 hours, to taste a little bit of the world.Mei Haixing, 59, a retired teacher in Shanghai, has so far visited the Expo 28 times.He has written a 400-page diary including pictures, souvenirs and signatures from the different pavilion curators."The Expo is like a huge museum of the different cultures of the world," he said.Sheng Banghe, sociologist with the Shanghai University of Finance and Economics, said what the Chinese are pursuing is no longer at the material level, but the spiritual."They are not satisfied with their current knowledge and entertainment," said Sheng.Many migrant workers have also visited the Expo.Liu Huafeng, a construction worker in Shanghai from central China's Henan Province said he only found out how wonderful urban life could be after visiting the Expo.Although there is still a long way to go to realize migrant workers like Liu's dream of having a better life in cities, the government has already started to think about the problems of urbanization and is trying to find solutions to them.The Shanghai Expo has enjoyed participants from 246 countries and international organizations. It also set a record for the maximum attendance on a single day on Oct. 16 with 1.03 million people visiting it then.Loscertales said the overwhelming success of Shanghai Expo 2010 will inspire future hosts of the event.Already some countries have showed willingness to host the 2020 World Expo, including Thailand.During the last week of the Expo from Oct. 25 to 31 daily visitor numbers will be limited to 400,000 to 500,000, said Huang Jianzhi, deputy director general of the Bureau of Shanghai World Expo Coordination on Oct. 16.Organizers promised to continue to improve their service to visitors until the last day, and make it a "successful, splendid and unforgettable" Expo.
BEIJING, Sept. 19 (Xinhua) -- Ghana's President John Evans Atta Mills arrived in Beijing on Sunday evening, kicking off his state visit to China.During his six-day China trip, Mills will hold talks or meet with Chinese leaders including President Hu Jintao and top legislator Wu Bangguo.Besides Beijing, he will visit southwest China's Chongqing municipality, southern city of Shenzhen and the nation's economic hub Shanghai.
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