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SEOUL, Nov. 11 (Xinhua) -- Chinese President Hu Jintao held bilateral talks on Thursday with the presidents of South Korea, the United States and Russia, respectively, to discuss bilateral relations as well as regional and international issues including global economic recovery.The meetings took place after Hu arrived in Seoul earlier in the day for the summit of Group of 20 (G20) major economies in Seoul.RELATIONS WITH SOUTH KOREAWelcoming President Hu, South Korean President Lee Myung-bak said he believed China would play an important role in promoting international economic cooperation within the G-20 framework.The two presidents reached a consensus on further strengthening the bilateral relations and on how to successfully hold the G-20 summit.The healthy and stable development of China's economy is very important to the development of Asia and also to the recovery of the world's economy, Lee said.The South Korean president also voiced hopes for the two countries to strengthen their exchange activities with an aim to increase mutual trust and further develop their bilateral strategic partnership.Hu said the Seoul G-20 summit is the first to be held in an Asian country and also in an emerging market economy.Hu stressed that China and South Korea are important neighbors and partners and that China is willing to work with South Korea to advance the bilateral strategic partnership into a comprehensive one.Hu said China has always supported the improvement of relations between the Democratic People's Republic of Korea and South Korea."China is willing to play a constructive role in this regard," he said.Lee expressed his appreciation for China's efforts in maintaining peace and stability on the Korean Penisula.

ISLAMABAD, Dec. 18 (Xinhua) -- Chinese Premier Wen Jiabao met with Pakistani President Asif Ali Zardari here on Saturday, and the two leaders agreed to boost the traditional China-Pakistan friendship.Wen said he felt the profound and brotherly feelings of the Pakistani people when he landed in the country for a second time after five years.The Chinese premier, who arrived here Friday, said China values the time-tested friendship with Pakistan and hopes to expand bilateral cooperation.In the new global and regional situation, Wen said China and Pakistan are facing new opportunities and challenges to develop their ties.China will maintain the frequent exchanges of visits by state leaders and increase dialogue at different levels, he said.Visiting Chinese Premier Wen Jiabao (L) shakes hands with Pakistani President Asif Ali Zardari during their meeting in Islamabad, capital of Pakistan, Dec. 18, 2010. The two countries will enhance their strategic coordination, scale up the cooperation of mutual benefit, better safeguard their shared interests and realize common development, Wen said.Regarding the floods which hit Pakistan this summer and caused huge losses, Wen said the Chinese government and people shared the pain of the Pakistani people.China would help the flood-hit Pakistanis to weather through the difficulties and rebuild their homes, the Chinese premier said.Zardari, for his part, said China and Pakistan are true partners and close brothers with multi-dimensional cooperation, holding the same or similar positions on key regional and international issues.The ever-deepening friendship has contributed to the economic development and the social harmony in both countries, and also helped promote regional peace, stability and development, the president said.Wen's visit to Pakistan, which is significant and fruitful, will push the bilateral relations to a new high, he said.Wen arrived here Friday for a three-day visit.

BEIJING, Dec. 27 (Xinhua) -- Chinese stocks weakened Monday after the nation's central bank hiked rates on Saturday and amid speculation further monetary policy tightening to combat inflation is in the offing.The benchmark Shanghai Composite Index fell 1.9 percent, or 53.76 points, to finish at 2,781.4, following the central bank's decision to raise the benchmark one-year lending and deposit interests rate by 0.25 percentage points, its second rate hike in just over two months.The Shenzhen Component Index fell 2.02 percent, or 253.66 points, to end at 12,303.19 points.Combined turnover increased to 224.44 billion yuan (33.85 billion U.S. dollars) from 185.28 billion yuan the previous trading day.An investor watches a screen at a stock trading hall in Shanghai, Dec. 27, 2010. China's stock market dropped Monday. The benchmark Shanghai Composite Index lost 1.90 percent, closed at 2,781.40. The Shenzhen Component Index dropped 2.02 percent, closed at 12,303.19.Losers outnumbered gainers 834 to 76 in Shanghai and 1,125 to 89 in Shenzhen.China's consumer price index (CPI), a main gauge of inflation, rose to a 28-month high of 5.1 percent year on year in November.Besides hiking rates, China's central bank has increased banks' reserve requirement ratio six times this year, taking it to 19 percent for some banks.Shares of property developers dropped. China Vanke, the nation's largest real estate developer, lost 2.89 percent to 8.75 yuan. China Everbright Bank fell 3.7 percent to 3.91 yuan. PetroChina, China's biggest oil producer, declined 2.28 percent to 11.16 yuan.Coal producer shares gained 1.74 percent amid gains in international crude oil prices.China Shenhua Energy Co., China's biggest coal producer, climbed 0.02 percent to 25.05 yuan.

WASHINGTON, Jan. 19 (Xinhua) -- Chinese President Hu Jintao said here Wednesday that important consensus was reached during his talks with U.S. President Barack Obama."We had an in-depth exchange of views and reached important agreement on China-U.S. relations and major international and regional issues of shared interest," President Hu told a joint press conference with Obama following their meeting.The Chinese leader said both sides "agree to further push forward the positive, cooperative and comprehensive U.S.-China relationship and commit to work together to build a China-U.S. cooperative partnership based on mutual respect and mutual benefit so as to better benefit people in our own countries and the world over."Chinese President Hu Jintao and U.S. President Barack Obama attend a joint press conference at the White House in Washington, the United States, Jan. 19, 2011.Both sides also agreed to strengthen exchanges and cooperation in economy and trade, energy and environment, science and technology, infrastructure construction, culture and education, counter-terrorism, non-proliferation, law enforcement and other areas so as to achieve mutual benefit, according to the Chinese president.Saying his talks with Obama were conducted "under candid, pragmatic and constructive atmosphere," Hu said China appreciates Obama's commitment to a positive and constructive China policy, and to stable and growing China-U.S. relations since he took office two years ago.Hu noted that China and the United States share expanding common interests and shoulder increasing common responsibilities, and voiced support for expanding military exchanges between the two sides."We believe expansion of military exchanges and cooperation will be conducive to deepening mutual trust between our two countries," Hu said.While stressing that China-U.S. cooperation has great significance for the two countries and for the world, the Chinese leader said the two sides "should firmly adhere to the right direction of our relationship; respect each other's sovereignty, territorial integrity and development interests; promote the long-term sound and steady growth of China-U.S. relations and make even greater contributions to maintaining and promoting world peace and development."During President Hu's state visit, the two countries had signed a number of cooperation agreements. "These will inject fresh momentum into our bilateral cooperation and create a great many job opportunities for our two countries," Hu said.On the situation on the Korean Peninsula, he said both countries agreed to work together with relevant parties to maintain peace and stability on the peninsula, promote denuclearization of the peninsula and achieve lasting peace and security in Northeast Asia.The Chinese leader reaffirmed China's firm commitment to the path of peaceful development and a win-win strategy of opening up."China is a friend and partner of all countries, and China's development is an opportunity for the world," he said.Meanwhile, Hu said he and Obama discussed some disagreements in the economic and trade area, with both sides pledging "to continue to appropriately resolve these according to the principle of mutual respect and consultation on an equal footing."Addressing the same press conference, Obama said cooperation between the two countries is good for the two sides and for the whole world."Along with our G-20 partners, we've moved from the brink of catastrophe to the beginning of global economic recovery," he said.Noting China is one of the top markets for American exports, Obama said the annual U.S. exports to China in goods and services support "more than half a million American jobs."He praised China's extraordinary economic growth that "has lifted hundreds of millions of people out of poverty. "This is a tribute to the Chinese people," he added.The U.S. leader also expressed his satisfaction with the reaching of dozens of deals between the two sides that will increase U.S. exports "by more than 45 billion U.S. dollars."Hu, who unfurled his first state visit to the United States Tuesday since Obama took office in 2009, just concluded his eighth meeting with Obama before the press conference.Before the talks, a grand welcome ceremony for President Hu was held at the White House.Hu said at the ceremony that his visit is aimed at increasing mutual trust, enhancing friendship, deepening cooperation and pushing forward the positive, cooperative and comprehensive China-U.S. relationship for the 21st century.

CHANGSHA, Nov. 28 (Xinhua) -- Central China's Hunan Province began building the country's third National Supercomputing Center (NSCC) on Sunday, where the world's fastest supercomputer, the Tianhe-1A, will be installed. Designed to handle one quadrillion computing operations per second, the NSCC in Changsha will add to the world's eight quadrillion-level supercomputing centers and national labs, said Du Zhanyuan, vice minister of the Ministry of Science and Technology.The new NSCC will be housed in Hunan University in Changsha, capital of Hunan, and the construction is expected to be completed by the end of 2011, said Du.Photo taken on Nov. 28, 2010 shows the effect displaying design of National Supercomputing Center located in Changsha, central China's Hunan Province. Hunan began building China's third National Supercomputing Center on Sunday, where the world's fastest supercomputer, the Tianhe-1A, will be installed. Designed to handle one quadrillion computing operations per second, the NSCC in Changsha will add to the world's eight quadrillion-level supercomputing centers and national labs. The new NSCC will be housed in Hunan University in Changsha, and the construction is expected to be completed by the end of 2011. Earlier this month, the Tianhe-1A at the NSCC in Tianjin, which is capable of 2.57 quadrillion computing operations per second, was certified as the world's fastest supercomputer.Once completed, the Tianhe-1A at the NSCC in Changsha will be able to provide supercomputing services to the weather forecast, scientific research, biological pharmaceuticals, animation design and other complex work in central China, said Xu Shousheng, provincial governor of Hunan."The setting up of the NSCC in Changsha will raise the innovative level of Hunan Province and of central China," said Xu.Apart from the ongoing-construction, China has built two supercomputing centers which are located in Tianjin and Shenzhen, respectively.