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BEIJING, May 11 (Xinhua) -- China released a detailed three-year plan to stimulate its nonferrous metal industry focused on industrial restructuring and technology innovation, the State Council, or the country's Cabinet, said here on Monday. The nonferrous metal sector should keep a steady operation in 2009, and achieve a sustainable development by 2011, according to the plan. The country would encourage regrouping among nonferrous metal companies to sharpen the competitive edge of the whole industry, the plan said. Three-to-five nonferrous metal corporation would be formed out of industrial reconstructing by 2011 with advanced production capacity and technology innovation capability. Combined copper output of top 10 domestic producers should take up 90 percent of the country's total by 2011, aluminum output 70 percent, lead 60 percent, and zinc 60 percent, according to the State Council. The government would also encourage the exploitation of nonferrous metals both at home and abroad, supporting companies to invest in mines overseas -- either on their own or with foreign parties. The country would help with capital injection and foreign reserve application concerning overseas projects. The export rebate policy would be a "proper" and "flexible" one to encourage nonferrous products with high technology and high added values, according to the plan. The State Council also laid out guidelines to eliminate obsolete capacity and digest over capacity. No new project to develop electrolytic aluminum will be allowed in the next three years, the plan said. The country would put strict control on the production of copper, lead, zinc, titanium and magnesium. At the same time, China aims to save 1.7 million tonnes of coal and 6 billion KWh of electricity per year, as well as reduce sulfur dioxide by 850,000 tonnes annually as part of industrial upgrading for the nonferrous metallurgy sector. China was the largest producer and consumer of nonferrous metals with total output of ten major nonferrous metals reaching 25.2 million tonnes and total consumption at 25.17 million tonnes in 2008. The country's nonferrous metal industry received a severe blow from the global economic downturn after keeping high-speed growth for nearly a decade. Statistics released by the China Nonferrous Metals Industry Association showed aggregate profit of China's nonferrous metal producers fell 45 percent last year to 80 billion yuan (11.73 billion U.S. dollars). Along with the support plan for the nonferrous metal sector, the State Council has unveiled stimulus packages for 10 industries since January, such as machinery-manufacturing, electronics and information industries, the light industry and petrochemical sectors.
L'AQUILA, Italy, July 8 (Xinhua) -- Chinese State Councilor Dai Bingguo on Wednesday called for more cooperation among the five leading developing countries (G5) to address international challenges. Dai listed four aspects for further cooperation and coordination among the G5 when he, on behalf of Chinese President Hu Jintao, addressed the leaders' meeting of China, India, Brazil, South Africa and Mexico on Wednesday afternoon in the earthquake-stricken Italian city of L'Aquila. According to a press release issued by the Chinese delegation, Dai said the G5 should join hands to cope with the international financial crisis. Dai proposed that the G5 countries make join efforts to enhance the regulation of global financial system. he urged the G5 countries to actively address the challenges of climate change and cooperate on addressing non-traditional security threats. The Chinese state councilor also reiterated the importance of the unity of the G5, calling for continuing cooperation on a wide range of global issues.

EDINBURGH, May 9 (Xinhua) -- Chinese Vice Premier Wang Qishan said Friday during a visit to Scotland that China hopes to strengthen cooperation with Scotland, especially in the areas of education, culture, tourism and finance. Wang, who is on an official visit to Britain, spoke during a meeting with Alex Salmond, Scotland's first minister. Both sides praised the friendship between China and Scotland and expressed a readiness to strengthen their cooperation as part of an effort to promote the all-round strategic partnership between China and Britain. During the meeting, the two also exchanged views on how to tackle the global financial crisis. "Currently we should further strengthen confidence in the market and recover the functions of the financial market as soon as possible," Wang said. After the outbreak of the Asian financial crisis, China adopted a series of measures that pulled it through the trouble and helped to maintain the stability of the financial market, Wang said. Salmond spoke highly of the economic stimulus packages arranged by the Chinese government to tackle the current financial crisis. Wang arrived at Edinburgh on Friday after a visit to the Europe Union
YEKATERINBURG, Russia, June 15 (Xinhua) -- Chinese President Hu Jintao met here Monday night with Indian Prime Minister Manmohan Singh. Hu said China has always striven, steadfastly and from a strategic and long-term perspective, to promote good neighborliness and friendly cooperation with India, an important neighbor of China and also a fast-growing emerging power. The Chinese side is ready to work with the Indian side to maintain the sound momentum for development of the bilateral strategic and cooperative partnership, make greater efforts to implement the "10 strategies" reached between the leaders of the two countries, enhance mutual political trust and reciprocal cooperation in various fields, take into consideration each other's concerns and core interests, and strengthen coordination and cooperation on major international and regional issues, said Hu. Chinese President Hu Jintao (L) meets with Indian Prime Minister Manmohan Singh in Yekaterinburg, Russia, on June 15, 2009 He noted that the two sides should focus on the following key areas in efforts to promote bilateral ties. The first is to strengthen high-level contacts. The Chinese side welcomes Indian President Pratibha Patil to visit China in the latter half of this year, and Chinese leaders are considering visiting India at a time convenient to both sides. The Chinese side agreed in principle to establish a hot line between the Chinese premier and the Indian prime minister. The second is to deepen bilateral economic and trade cooperation of mutual benefit. The two sides should continue to tap potentials, encourage two-way investments, expand cooperation in contracted projects, and strive to realize the target of 60 billion U.S. dollars in bilateral trade in the year 2010. The third is to work together to respond to the impact of the international financial crisis. The Chinese side will strengthen communication and coordination with the Indian side, maintain close cooperation within the frameworks of BRIC, the five developing nations and the Group of 20, safeguard the common interests of the developing countries, and strive to contribute to economic recovery and development of Asia and the world at large. The fourth is to strengthen bilateral defense cooperation which is an important component of overall bilateral cooperation. The two sides should make concerted efforts to strengthen cooperation in this regard. The fifth is to strengthen cultural exchanges. Both sides should make good planning and preparations for a series of activities, such as those marking the 60th anniversary of bilateral diplomatic ties and concerning The Chinese Festival in India and the Indian Festival in China. Both sides will continue to receive each other's delegations consisting of young people, officials, and people from news media and different localities, promote friendly exchanges in various fields and at various levels through visa facilitation and increasing direct air flights. On border issues, Hu expressed the hope that the two sides would continue to advance the negotiating process in the spirit of peace and friendship, equal consultations, mutual respect and mutual accommodation so that the border issues could be properly resolved at an early date. Both sides should do their utmost to ensure that the border issues do not undermine the overall situation of bilateral ties, he said. Before these issues are eventually resolved, both sides should make joint efforts for maintaining peace and tranquility along the border region, he said. With the efforts of both sides, Hu said, the Sino-Indian strategic and cooperative partnership will see sound development and the growth of bilateral relations will bring benefits to the two peoples. Singh said the two countries forged the strategic and cooperative partnership during his tenure as prime minister. Bilateral ties have been deepening, he said. India will give top priority to its relations with China and is committed to advancing bilateral cooperation in various fields on the basis of progress made in the past, he said. He expressed his appreciation for the increasingly important role China is playing in international affairs and China's important contributions to world peace and development. He said China is not a competitor and that there is enough room in the world for the two countries to achieve development. The two countries share the desire to promote their bilateral ties and there are also potentials for them to cooperate on global and regional issues, he added. Singh described economic cooperation as an important "pillar”of the overall bilateral relationship and said enhanced economic ties could give an impetus to the development of bilateral ties. On military-to-military exchanges, Singh said that steady growth in exchanges between the armed forces of the two countries is to enhancing mutual trust and mutual understanding. He also said that India and China share common interests on such issues as global trade and investment, climate change and the reform of the international financial order and should strengthen consultation and cooperation in addressing these issues. On border issues, he said the Indian government is seeking a solution that should be fair, reasonable and acceptable to both sides. Before the issues are finally resolved, efforts should be made to ensure peace and tranquility along the border region, he said. India recognizes the Tibet Autonomous Region as part of the territory of the People's Republic of China and will not allow anyone to carry out anti-China political activities in Indian territory, he said. He said a healthy and stable bilateral relationship serves the interests of the two countries and also conforms to the interests of the region and the world at large. Hu and Singh are here to attend the annual summit of the Shanghai Cooperation Organization (SCO) and the first meeting of BRIC, scheduled to be held in Russia's third largest city Wednesday. Indian is one of the four observers of the SCO, a regional organization now groups China, Russia, Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan. The other three observers are Pakistan, Mongolia and Iran. BRIC is an acronym for the four key emerging economies -- Brazil, Russia, India and China. Chinese President Hu Jintao (3rd L) meets with Indian Prime Minister Manmohan Singh (3rd R) in Yekaterinburg, Russia, on June 15, 2009
BEIJING, June 14 (Xinhua) -- Chinese President Hu Jintao left Beijing Sunday for the annual summit of the Shanghai Cooperation Organization (SCO) and the first meeting of BRIC (Brazil, Russia, India and China) leaders in Russia's Ural city of Yekaterinburg. He will then pay a state visit Russia followed by state visits to Slovakia and Croatia from June 18 to June 20. Hu's visits to the three nations are at the invitation of Russian President Dmitry Medvedev, Slovak President Ivan Gasparovic and Croatian President Stjepan Mesic. Hu's delegation includes Ling Jihua, member of the Secretariat of the Communist Party of China (CPC) Central Committee and director of General Office of the CPC Central Committee; Wang Huning, member of the Secretariat of the CPC Central Committee and director of Policy Research Office of the CPC Central Committee; State Councilor Dai Bingguo; Foreign Minister Yang Jiechi; minister of the National Development and Reform Commission Zhang Ping; Minister of Commerce Chen Deming; Minister of Culture Cai Wu; Vice Foreign Minister Li Hui; Vice Foreign Minister He Yafei and Director of the President's Office Chen Shiju.
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