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BEIJING, Dec. 1 -- Premier Wen Jiabao Monday rejected "unfair" calls from European countries for faster reform of China's currency policies, despite lobbying from EU financial chiefs at the weekend."Some countries demand the yuan's appreciation while practicing various trade protectionism against China. It's unfair and actually limits China's development," Wen told reporters in Nanjing, Jiangsu province.     European Commission President Jose Manuel Barroso and Swedish Prime Minister Fredrik Reinfeldt, whose country holds the rotating EU presidency, were also at the press conference. Chinese Premier Wen Jiabao delivers a speech at the closing ceremony of the fifth China-EU Business Summit in Nanjing, capital of east China's Jiangsu Province, Nov. 30, 2009.    Wen's unusually direct response followed a one-and-a-half hour summit between China and the EU, which has 27 member-nations. The summit ended with five agreements mainly on energy and environmental cooperation.     But it also ended without a breakthrough on issues that have brought stalemate between the sides, such as trade disputes and arms embargoes.     Wen said China will keep the yuan basically stable and carry out currency reform at its own, gradual pace.     A stable yuan is not only good for the Chinese economy but the world, Wen said.     The meeting took place against the backdrop of concern about the rising euro and the possibility it might derail the recovery in Europe, which imports heavily from China.     The yuan began gaining against major currencies after a set of exchange rate reforms were introduced in July 2005. After rising nearly 20 percent against the US dollar, it hovered around 6.83 to the US dollar for about a year. In the past month or so, the euro has risen to a 15-month high.     Euro Group President and Luxembourg Prime Minister Jean-Claude Juncker joined other European leaders in lobbying China's senior officials.     The Chinese officials explained that it was difficult to make a case for "immediate renminbi appreciation" in a country where 40 million people live on less than 1 U.S. dollar a day. Chinese Premier Wen Jiabao (C), European Commission President Jose Manuel Barroso (R) and Swedish Prime Minister Fredrik Reinfeldt (L), whose country currently holds the rotating EU presidency, meet with the press after the 12th China-EU summit in Nanjing, capital of east China's Jiangsu Province, Nov. 30, 2009. The failure of the EU appeal was expected because Europe was only thinking about itself, claimed Wu Baiyi, a European studies expert at the Chinese Academy of Social Sciences.     Zhao Junjie, Wu's colleague, said that while China is not able to quickly change its currency policy, Beijing had made efforts in the past year to fill the EU trade gap.     "Actually, some of the goods bought by the dozen purchasing groups that China sent to the EU during the past year were bought only for the sake of the EU," he said. "But the EU still wants more."     Glenn Maguire, chief Asia-Pacific economist at Societe Generale SA in Hong Kong, told Bloomberg: "China will only adjust on its own terms and in its own time. It's decided that now is not the time to do that."     Despite lingering disputes, including trade protectionism and the EU's ban on the transfer of technology to China, Wen Monday raised expectations for improved relations with Beijing's largest trading partner.     "China and Europe walking together hand-in-hand will make the steps of humankind more steady, and that best illustrates the strategic significance of our ties," said Wen.     Barroso and other EU leaders Monday also applauded fresh Chinese commitments on countering climate change.     Stanley Crossick, founding chairman of the European Policy Centre, said Europe will need to commit to lifting its arms embargo against China.     "Beijing is right that listing China among a handful of embargoed pariah states is totally inconsistent with the treatment of a strategic partner," he said.     Crossick suggested that EU officials be trained in contemporary China and taught Mandarin.     Wen opened the door to better understanding Monday, announcing that 2011 will be the year for China-EU youth communication and the establishment of other youth and cultural exchange mechanisms.

BEIJING, Dec. 26 -- European fashion retailers are accelerating business expansion in China thanks to the nation's increasing number of fashion-conscious consumers.     Two companies that opened new outlets in China at a rapid pace this year included Sweden's H&M and Spain's Zara, both retailers of clothing and accessories for adults and youth.     H&M is ending this year with a total of 13 new stores, raising the company portfolio in China to 27 outlets, while Zara, opened 33 new stores in China, winding down the year with 60 in total.     "In China, new store openings have more than doubled due to strong domestic consumption, which has not been affected by the global financial downturn," said Wu Shuang, public relations manager of H&M China. Globally, H&M store openings are up between 10 percent and 15 percent in 2009, said Wu.     "More H&M stores will be set up in China next year, especially in the second-tier cities," he said.     H&M, Europe's second largest fast-fashion retailer, entered the Hong Kong and Shanghai markets in 2007 and later expanded its business to second-tier cities like Hangzhou and Ningbo of Zhejiang province.     Back in August, H&M sales in Spain, the US and France were down 11 percent over July sales, the fourth consecutive monthly drop.     In 2008, average sales revenue at H&M stores in the Chinese mainland and Hong Kong was up 23 percent to 59 million yuan, while globally average store sales was 48 million yuan.     "We are expecting favorable sales volume in China this year," said Wu, while declining to elaborate further.     Strong sales numbers were also recorded at Zara, the leading fast-fashion retailer in Europe. "The Chinese market is attractive with its soaring consumer spending power," a Zara promotion executive said on condition of anonymity. Chinese consumers can expect to see more Zara 'fast fashion' stores in the future," he said.     Fast fashion is a term used to describe fashion trends that are manufactured quickly in smaller batches to keep inventories down and allow mainstream consumers to take advantage of current clothing styles at lower prices. This type of quick manufacturing methodology is preferred by large retailers like H&M, Forever 21 and Zara, according to online apparel industry directory, Apparel Search.     This access to the latest clothing styles is popular with white-collar consumers in China.     "I have been waiting for 30 minutes to try on several pieces of clothing, but the wait doesn't matter. I love to get everything here, and the prices are acceptable," said Liu Dan, a woman in her 20s shopping at one of Zara's Beijing stores. Liu, who works in the public relations department at an international company, said she is also a regular patron of H&M in Beijing. Both H&M and Zara stores are often crowded with local consumers, especially on the weekends.

CAIRO, Dec. 3 (Xinhua) -- China and Africa look forward to deepening cooperation in various fields, especially science and technology, industry, agriculture and environment, said Egyptian and Chinese officials at a science and technology expo, which opened here on Thursday.     In the opening ceremony of China Exhibition on Innovative Technologies and Products in Egypt, Minister of Higher Education and the State for Scientific Research of Egypt, Dr. Hani Hillal, said that his country reaffirms the support for scientific and technological cooperation between China and Africa.     "China exhibition is an important forum to know more about the progress China has reached in scientific and technological fields, and it is also an important forum for the convergence of scientists and researchers with the men from industry and innovation," Hillal added.  An electric vehicle is on display during an exhibition showcasing Chinese innovative technologies and products in Cairo, capital of Egypt, on Dec. 3, 2009. More than 180 new technologies and products with Chinese proprietary innovations highlighted the three-day exhibition, kicking off here on Thursday    "Egyptian-Chinese relations are steadily growing and several weeks ago Egyptian President Hosni Mubarak and Chinese Premier Wen Jiabao opened the 4th ministerial conference of the Forum on China-Africa Cooperation (FOCAC)," said Magid George, Egypt's Minister of State for the Environment.     George said that the expo is an important event to present Chinese technology to African and Arab countries because China is considered a leading nation in development, expressing hope that the exhibition will provide an opportunity for the countries to get acquainted with progress in technology and innovation amid great challenges.     This exhibition is held in line with the eight measures announced by Chinese Premier Wen Jiabao during the 4th ministerial conference of FOCAC held last month in Sharm el-Sheikh to promote technological cooperation between China and Africa, said Special Representative of the Chinese Minister of Science and Technology Zheng Guoan, noting that it could transfer technological expertise and experience to African countries.     "This exhibition is part of a technological partnership program aimed at strengthening China-Africa relationship and helping African countries raise the technological capability," he added.     The Chinese Ambassador in Cairo, Wu Chunhua, pointed out that China is the largest developing country in the world and Africa has the most developing countries in the world, stressing that such cooperation would benefit both sides.     "This exhibition is a good platform and mechanism to achieve mutual understanding between China and Africa," he added. Visitors view Chinese subway train models during an exhibition showcasing Chinese innovative technologies and products in Cairo, capital of Egypt, on Dec. 3, 2009.The China Exhibition on Innovative Technologies and Products in Cairo, held from December 3 to 5, is cosponsored by the Ministry of Science and Technology of China and the Ministry of Higher Education and Scientific Research of Egypt and organized by China Science and Technology Exchange Center and the Torch High Technology Industry Development Center.     The event aims at promoting science and technology and trade flow between China and Egypt as well as other African countries, and boosting the mutual understanding and friendship between the Chinese and African people.     Representatives from nearly 150 research institutes, universities, producers and science and technology agencies from 19 Chinese provinces attended the exhibition.

BEIJING, Dec. 4 (Xinhua) -- China's top legislator Wu Bangguo met here Friday with Kazakhstan's First Deputy Prime Minister Umirzak Shukeev.     Wu, chairman of the Standing Committee of the National People's Congress (NPC), said China and Kazakhstan are friendly neighbors and strategic partners. Wu Bangguo (R, front), chairman of China's National People's Congress Standing Committee, meets with Kazakhstan's First Deputy Prime Minister Umirzak Shukeev (L, front) at the Great Hall of the People in Beijing, capital of China, Dec. 4, 2009. Umirzak Shukeev is here in China to attend the fifth meeting of the China-Kazakhstan Cooperative Commission.He said the Chinese side set a high value on firm support from Kazakhstan on issues of Taiwan, Tibet, and fighting "East Turkistan" forces.     China will continue as always to support Kazakhstan in safeguarding national sovereignty, security and promoting socio-economic development, he said. Chinese Vice Premier Wang Qishan (R Front) shakes hands with Kazakhstan's First Deputy Prime Minister Umirzak Shukeev after they signed the summary of the fifth meeting of the China-Kazakhstan Cooperation Committee in Beijing, capital of China, Dec. 4, 2009Shukeev visits China to co-chair the fifth meeting of the China-Kazakhstan Cooperative Commission with Chinese Vice Premier Wang Qishan. During the meeting, more than 20 Chinese, Kazakh officials, ranging from trade and energy to environment and transportation laid out plans for future cooperation.     Wu said the commission has played an active role in promoting bilateral cooperation. He hopes the consensus and agreements reached in the fifth meeting can be carried out as soon as possible to deepen cooperation between the two sides in various fields.     Shukeev said Kazakhstan attaches great importance to relations with China, and is willing to work with China to give full play to the role of the committee, in order to promote the strategic partnership between Kazakhstan and China.Chinese Vice Premier Wang Qishan (R2 Front) and Kazakhstan's First Deputy Prime Minister Umirzak Shukeev (L2 Front) sign the summary of the fifth meeting of the China-Kazakhstan Cooperation Committee in Beijing, capital of China, Dec. 4, 2009.

BEIJING, Nov. 18 (Xinhua) -- Chinese Premier Wen Jiabao will meet here Wednesday with US President Barack Obama, who is on his first state visit to China since his January inauguration.     They will have a working lunch before Obama's sightseeing visit to the Great Wall in the north suburb of the Chinese capital, which will be another chance for the US head of state, who toured the Imperial Palace Tuesday, to learn more about the ancient Chinese civilization.     Obama will conclude his fist visit to China and fly to the Republic of Korea, the last leg of his four-state Asian tour, in the afternoon.     He arrived in China's economic hub Shanghai Sunday night to kick off this visit as guest of his Chinese counterpart Hu Jintao.     Hu held talks with him in Beijing on Tuesday and they met international reporters for about 40 minutes after the talks, both pledging to further bilateral ties.     Top Chinese legislator Wu Bangguo also met Obama on Tuesday, several hours before a state banquet in the Great Hall of the People in downtown Beijing.     In a joint statement issued on Tuesday, the two sides spoke highly of the tremendous development achieved since the two countries established diplomatic relations 30 years ago and reached consensus on further bilateral ties.