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BEIJING, Dec. 12 (Xinhuanet) -- For many multinational firms, the past 10 years in China have not only marked the rise of the world's second-largest economy but have also been a decade of expansion and profit growth.As they look back at this "golden decade", which is often used to describe the days after China entered the World Trade Organization (WTO) in 2001, their early expectations and ambitions in a more liberalized Chinese market were found to be more than fulfilled.When German auto giant BMW set foot on the Chinese mainland by establishing its first office in Beijing in 1994, its products were still far too luxurious for ordinary Chinese.In 2001, only 6,500 vehicles were sold under the BMW and Mini brands in China.NYK Diana, a container ship, anchors at Qingdao Port in East China's Shandong province on Thursday, as workers load cargo.But sales started to pick up with China's WTO entry, when the removal of trade barriers brought unprecedented economic growth and a booming market.In 2010, the vehicle maker, which started a joint venture with the domestic Brilliance China Automotive in 2003, sold 169,000 vehicles in China.That record is set to be broken this year as more than 170,000 cars were sold only in the first three quarters."We are both beneficiaries and firm supporters of the open market system," said Christoph Stark, president and CEO of BMW's Greater China region.By liberalizing its market, China, which celebrated the 10th anniversary of its WTO accession on Sunday, has become a thriving market and a savior for foreign enterprises hit hard by the global downturn.In 2009, when General Motors declared bankruptcy in the United States amid the global recession, its Chinese branch saw sales rise 66.9 percent year-on-year to more than 1.8 million units.In 2010, China overtook the United States to become GM's largest national market.The list of similar companies is extensive, as China's decade-long membership of the WTO has helped the Asian powerhouse attract 347,000 foreign firms with investment of more than 0 billion in the past 10 years.Chong Quan, deputy representative for China's international trade talks, said foreign enterprises made more than 0 billion in profit in the 10-year period, with an average annual increase of 30 percent."The accession to the WTO has made China a more transparent, safe and predictable market, as well as an essential part of the global economy," said Dominique Poulique, president of Alstom China.The French power engineering and train company, with more than 30 entities and about 10,000 employees in China, is one of the major foreign suppliers to the Chinese rail transport market."Rapid changes took place in China in the past decade, with its massive investment in infrastructure construction and notable development in energy," Poulique said.Wang Zhile, director of the research center of transnational cooperation under the Ministry of Commerce, said increasing shared interests between China and multinationals are putting them into an inseparable community, one that has found win-win solutions in the past decade.There is also high-quality labor at a relatively low cost, including white-collar workers, he added.Admittedly, the huge market and rich resources have powered up multinational firms in global competition, especially during and after the financial crisis.Forty-nine percent of the responding multinational companies had higher expectations for China in the wake of the global financial crisis in 2008 and 2009, according to a recent survey by the Economist Intelligence Unit, a business information arm of the Economist Group.Although showing signs of a slowdown, China's economy is still widely expected to grow by more than 8 percent next year, at a time when debt and financial instability are weakening growth in other leading economies.Poulique said he expected China's rapid growth to continue into the next decade, especially in the infrastructure construction market."For Alstom, the top task here is to keep adapting to the changing business environment," he said.Many foreign companies are moving research and development facilities to China in the hopes of making it a base for talent and technology.In Shanghai, 347 multinationals have set up regional headquarters, with the establishment of 333 foreign-funded research and development centers.

WASHINGTON, Nov. 21 (Xinhua) -- The use of acupuncture for children is common and acupuncture is generally safe for children when performed by "appropriately trained practitioners," Canadian researchers reported Monday in online journal Pediatrics.Researchers at the University of Alberta looked at data from 37 studies of needle acupuncture, spanning 60 years, on children from birth to age 17, and assessed the association between needle acupuncture and various levels of adverse events in children. They found that of 279 adverse events identified, 253 were mild, one was moderate and 25 were serious.Serious side effects included bleeding, infections, and heart and lung problems. One child may have contracted HIV. But the researchers said the serious side effects were related to substandard conditions from the care provider, rather than acupuncture's technique itself. They concluded that in trained hands, pediatric acupuncture is safe.Acupuncture has been around for thousands of years, and traditional Chinese theory suggests needle placement helps balance the body's energy flow, called "qi". Acupuncture is sometimes used to treat headaches, migraines, back and joint pains, cramps, and chemotherapy-induced nausea. Estimates show 150,000 U.S. children undergo acupuncture each year.

BEIJING, Dec. 18 (Xinhua) -- China's economic diplomacy will face growing challenges in the form of trade and exchange rate disputes, as well as the task of protecting overseas investment interests, over the next few years, experts said on Sunday.Next year will be an election year for the Unite States and France, and there is an increasing possibility for the two countries to use the "China threat" as an excuse for not dealing with their own economic issues, which will put Chinese diplomacy under pressure, said Ding Yifan, deputy director of the Institute of World Development of the Development Research Center of the State Council at a seminar on Chinese diplomacy.During the first half of 2012, several countries will remain in a grave debt crisis and may even see their crises deepen, Ding said, adding that this situation may create friction between China, the United States and Europe.Additionally, protecting China's growing overseas investments will pose new challenges for the country's diplomacy, Ding said.Chen Fengying, director of the Institute of World Economic Studies under the China Institutes of Contemporary International Relations, agreed that the protection of China's overseas investment interests will be an important task for Chinese diplomacy.During the past three decades, China has invested in more than 170 countries and regions, with outbound direct foreign investment topping 170 billion U.S. dollars.In the past 30 years, China has been focused on "bringing in" foreign investment; it may do more to facilitate its "going out" in the future, Chen said.Chinese economic diplomacy will serve the country's economic construction and the protection of its overseas interests, national interests and security, Chen said, adding that China's position in the world is closely related to its economic diplomacy.Chen said China has made several achievements in international economic governance, reflected by China's growing influence in the international arena and the posts held by Chinese officials in important international organizations.

BEIJING, Jan. 24 (Xinhua) -- Chinese President Hu Jintao and Premier Wen Jiabao on Tuesday exchanged congratulatory messages with their Israeli counterparts Shimon Peres and Benjamin Netanyahu on the 20th anniversary of the establishment of diplomatic ties between the two countries.Hu said the friendly exchanges between the Chinese and the Jewish people go back to ancient times.Since the forging of official ties 20 years ago, friendly cooperative ties between China and Israel have been developing continuously, and the exchanges and cooperation between the two sides in politics, economy and trade, culture, science and technology, agriculture and education have yielded fruitful results and brought tangible benefits to the two countries and the two peoples, Hu said.China attaches great importance to advancing Sino-Israeli ties and is ready to make joint efforts with Israel to take the celebration of the 20th anniversary as an opportunity to further consolidate the traditional Sino-Israeli friendship, deepen mutual cooperation in various fields, increase personnel exchanges on multiple levels, and promote a continuous development of friendly Sino-Israeli cooperative relations, he said.For his part, Peres said Israel and China established official diplomatic ties 20 years ago, which brought the friendship between the two countries to a historic high.He believed that the Israeli-Chinese friendship, which is based on a shared history, common values and ancient culture and tradition, will prevail.Peres said his country pays great attention to its ties with China in all areas, and is willing to conduct mutually beneficial cooperation with China in science and technology and other fields.In his message, Peres wished the Chinese people a "Happy New Year" in the Year of the Dragon.On the same day, Chinese Premier Wen also exchanged congratulatory messages with Israeli Prime Minister Netanyahu.Wen said their bilateral friendly cooperative relations have continued to grow over the last 20 years.Political exchanges between the two countries have been increasingly close, economic and trade cooperation have continued to flourish, and pragmatic cooperation in culture, science and technology, and agriculture has been fruitful, Wen said.China and Israel have their own advantages, as well as huge potential and broad prospects for cooperation, the Chinese premier said.China is ready to continue to expand and deepen its friendly bilateral cooperation with Israel and raise Sino-Israeli ties to a new high, Wen said.For his part, Netanyahu said the Chinese and the Jewish people have always been friends.During the past 20 years, China and Israel succeeded in forging a stable and diversified partnership, he said.The Israeli side is ready to fully explore the potential of bilateral ties and continue to expand cooperation in science and technology, sanitation, agriculture and environmental protection technologies and other fields with China, Netanyahu said.He believed that there will be more opportunities to further consolidate the friendship between the two peoples and deepen bilateral cooperation in the future.Chinese Foreign Minister Yang Jiechi and Israeli Foreign Minister Avigdor Lieberman also exchanged congratulatory messages.

WASHINGTON, Nov. 29 (Xinhua) -- China and the United States on Tuesday held high-level talks on enhancing cooperation on anti- monopoly and anti-trust enforcement, with an aim to strengthen the bilateral economic and trade relations.This was the first time that the two sides held such meeting since they signed in last July a memorandum of understanding (MOU) on anti-monopoly and anti-trust enforcement cooperation by related enforcement agencies from the two countries.Gao Hucheng, China's International Trade Representative and Vice Minister of the Ministry of Commerce, led the Chinese delegation to the talks with the U.S. delegation headed by Jon Leibowitz, chairman of the U.S. Federal Trade Commission, and Sharis Pozen, acting Assistant Attorney General of the Department of Justice in charge of anti-trust affairs.The two sides briefed each other on the latest developments on the anti-monopoly and anti-trust policies and their enforcement in own country, while discussing ways to further strengthen anti- monopoly and anti-trust enforcement in related industries, during a time of economic downturn.They also reached an agreement on the guidelines of cooperation on pursuing anti-monopoly and anti-trust enforcement in individual cases, such as mergers of corporations, after reviewing the bilateral exchanges and cooperation in this field.It was agreed that the China-U.S. economic and trade relations are the cornerstone of the overall bilateral relationship, and the enforcement of anti-monopoly and anti-trust laws can help secure the smooth development of their economies, to the benefits of both countries and peoples.Such talks are conducive to enhancing mutual understanding of each other's practices in formulating and enforcing anti-monopoly and anti-trust policies, through sharing experiences and increased cooperation, the two sides agreed.In July, three Chinese anti-monopoly law enforcement agencies, the National Development and Reform Commission, Ministry of Commerce and State Administration for Industry and Commerce, signed the MOU on cooperation in anti-monopoly and anti-trust enforcement, with the U.S. Department of Justice and Federal Trade Commission.The document is a long-term framework between China's anti- monopoly enforcement agencies and their U.S. counterparts, designed to promote better enforcement of competition laws and regulations of the two countries. Under the MOU, the two sides will hold high-level consultations, exchange of information on law enforcement and policies, as well as cooperation on specific cases, mainly for mergers.

来源：资阳报