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BEIJING, May 21 (Xinhua) -- Chinese President Hu Jintao said Friday China would work closely with Sweden to lift bilateral ties to a new level.While meeting with Swedish King Carl XVI Gustaf in Beijing, Hu said China highly values relations with Sweden and will further promote cooperation between the two countries in the spirit of mutual respect and benefit."China and Sweden have no conflict of fundamental interests despite different national conditions, and good bilateral ties have brought tangible benefits to both peoples," said Hu.Hu also highlighted the smooth development of bilateral ties since the two countries established diplomatic relations 60 years ago.Chinese President Hu Jintao (R) meets with Swedish King Carl XVI Gustaf in Beijing, capital of China, May 21, 2010.Sweden was the first western country to forge diplomatic ties with New China.The Swedish King, who arrived in Beijing Thursday for a five-day visit to China, recalled the friendly exchanges between Sweden and China over the past 60 years, saying Hu's 2007 visit to Sweden had boosted bilateral cooperation.An innovation forum, jointly held by the two countries, will have a positive influence on cooperation in new fields between the two countries, said the Swedish King.Chinese Vice Premier Li Keqiang expressed hope the two nations would increase innovation cooperation while addressing the forum.China's innovation business has made certain achievements while Sweden is one of the world's most innovative and inventive nations, Li said.

BEIJING, May 26 (Xinhua) -- The upcoming leaders' meeting of China, Japan and the Republic of Korea (ROK) will map out cooperation in East Asia in the years to come, said Chinese Vice Foreign Minister Zhang Zhijun on Wednesday.Chinese Premier Wen Jiabao will attend the third three-party leaders' meeting of China, the ROK and Japan to be held in Jeju of the ROK from May 29-30."The meeting will look to outline future cooperation, promote political trust, and consolidate cooperation," Zhang said.The Asian economies have recovered from the global financial crisis this year, and this provides a good opportunity for cooperation between China, Japan and the ROK, he said.Zhang said China expects the meeting to map out key areas of cooperation so to support the economic recovery and the construction of East Asian Community, and also to reinforce coordination in regional and international affairs.

CHICAGO, April 5 (Xinhua) -- There are some very exciting opportunities for collaboration between the United States and China in carbon exchange, said a senior executive in Chicago Monday.Richard L. Sandor is chairman and founder of the Chicago Climate Exchange (CCX), the world's first and North America's only voluntary, legally binding greenhouse gas cap-and-trade system. Sandor is also chairman of the Chicago Climate Futures Exchange ( CCFE), the world's leading futures exchange for environmental products.Sandor told Xinhua in an exclusive interview, "I recently spent two weeks in Beijing, Shanghai, Tianjin and Hong Kong. My view, based on the people I've met with on my trips and that I work with everyday, is that there are some very exciting opportunities for collaboration between the U.S. and China in the field of carbon exchange."He said that a great example is the recent establishment of a joint venture between Chicago Climate Exchange and two Chinese partners -- China National Petroleum Corporation and the City of Tianjin. Working together they will develop an electronic emission trading platform and auction facility for financial products to reduce sulfur dioxide emissions and water pollutants, as well as enhancement of energy efficiency, said Sandor.Sandor added, "The Tianjin Climate Exchange (TCX) has begun to implement pilot initiatives that can help pave the way for a strong market-based infrastructure that facilitates the environmental and policy goals of the People's Republic of China."When talking about the opportunities and challenges facing the U.S.-China collaboration in carbon trading area, Sandor said, "We operate in a range of legal and regulatory frameworks with global affiliates in the United States, Europe, China, Australia and Canada. While each country has unique characteristics that come with different demands and needs, what seems to be clear across the board is the importance a market mechanism will play in meeting those demands."He further explained, "Interest is growing globally in carbon markets as a way to achieve better strategic management of energy costs, new products, new sources of revenue, job creation and poverty alleviation. Going forward this is likely to develop on what could be called a "pluri-lateral" basis. There will be markets in different parts of the world that are linked by similar contracts -- much like you see with crude oil today or like we saw with cotton in the 19th century."The farming and forestry carbon exchange offsets program has been an important part of Chicago Climate Exchange. Sandor said, " Since Chicago Climate Exchange began in 2003, the offsets program has covered approximately 17.2 million acres, 9,000 individual farmers, ranchers and forest owners and 32.4 million metric tons of offsets. Mitigation practices taking place on farms, ranches and forests are good for water, wildlife and the climate, while providing a new income source for rural economies. "Regarding the effect of the offsets program, Sandor said, " Thousands of farmers, foresters and ranchers who commit to exceptional management practices that remove carbon from the air are now earning new income. The verified best practices that are used by land managers make crops better able to weather climate extremes, generate clean economy jobs, and incentivize new techniques that can further cut emissions.""However, this is only a small part of what Chicago Climate Exchange members have been able to achieve," said Sandor. "Of all reductions made by CCX members since 2003, about 15 percent have been through offset projects. The remaining cuts are made through companies that are taking a broad range of steps to reduce their emissions. Electricity generators have implemented efficiency retrofits at power plants, used lower-carbon fuels, and optimized nuclear and hydro plant operations."When commenting on the U.S. legislation on carbon exchange, Sandor told Xinhua, "In June of 2009 a comprehensive climate legislation bill was approved by the U.S. House of Representatives which included a national greenhouse gas reduction and trading system with compliance required starting in 2012. In the Senate, progress continues on multiple fronts. Senator Kerry is currently collaborating with Senators Lieberman and Graham to craft a bill with bipartisan support."He continued, "While policymakers at the federal level work through the details of a federal bill, interest is growing in regionally mandated markets, such as the Regional Greenhouse Gas Initiative, which trades on the Chicago Climate Futures Exchange ( CCFE). State governments are increasingly looking to encourage renewable power generation and driving growth in renewable markets. "Sandor is also a research professor at the Kellogg Graduate School of Management at Northwestern University where he teaches a course on environmental finance. He is a Member of the International Advisory Council of Guanghua School of Management at Peking University and a member of the TERI School of Management Advisory Committee in India. Sandor previously taught at the University of California Berkeley, Stanford University, and Columbia University.

BANGALORE, India, May 16 (Xinhua)-- A photo exhibition called "Charming Beijing" was held in Bangalore, the capital of southern India's Karnataka state on Sunday to observe the 60th anniversary of the establishment of diplomatic relations between China and India.Chinese Consul General in Mumbai Wang Donghua, Chairman of Legislative Council of Karnataka state Mattikatti, General Secretary of India-China Friendship Association Karnataka, Bhaskaran, and former Mayor of Bangolre and Ramachandra attended the the opening ceremony at Bangalore's largest art exhibition center Art Complex.Wang said the photo show, sponsored by the Chinese Embassy to India and the India-China Friendship Association, Karnatake, is part of the Chinese celebration activities in India to mark the 60th anniversary of China-India diplomatic relations."After establishing the diplomatic relations between India and China 60 years ago, we are able to have a friendly relation. In these years, the Chinese people were keeping very good relations with the Indian people, India became the largest partner of China in Asia, many Chinese people are visiting in Karnataka and Bangalore," said Bhaskaran.The general secretary said he believed the 21st century belonged to India and China, there is no force on the earth to stop the trend.At noon, many visitors crowded into the exhibition hall to enjoy the photoes featuring Bird's Nest, Water Cube, modern international airports, modern overpasses, the Great Wall, the Forbidden City, the Summer Palace, kite of long dragon, Hutong tour and Beijing opera.The photo exhibition in the "Silicon Valley of India" will last till May 20. The phote show was held to let more Indian know more about China's capital Beijing and to promote the mutual understanding and cooperation of the people in two counties, said the general secretary.

WASHINGTON, April 12 (Xinhua) -- Chinese President Hu Jintao said Monday that China would firmly stick to the path of reforming its currency exchange rate formation mechanism based on its own economic and social development needs.Hu said detailed measures for reform should be considered in the context of the world's economic situation, its development and changes, as well as China's economic conditions."RMB appreciation would neither balance Sino-U.S. trade nor solve the unemployment problem in the United States," Hu told U.S. President Barack Obama.Chinese President Hu Jintao (L) meets with U.S. President Barack Obama in Washington April 12, 2010. President Hu Jintao arrived in Washington on Monday to attend the Nuclear Security Summit slated for April 12-13.The Chinese leader said his country does not intend to pursue a trade surplus over the United States.China would like to take additional measures to increase imports from the United States, Hu said, urging the United States to loosen its export control over high-tech products so that exports to China could be increased.He expressed the hope that trade frictions between the two countries can be solved through negotiations so that Sino-U.S. economic and trade cooperation can be maintained.President Hu also said the advancement of Sino-U.S. economic and trade ties, an important part of the two countries' relations, would benefit not only China, but also the United States, as well as the world's economic development.

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