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BEIJING, Nov. 17 (Xinhua) -- Chinese President Hu Jintao said here Tuesday that he and U.S. President Barack Obama had agreed to improve Sino-U.S. relations and reached consensus on major international and regional issues of common concern. After nearly two hours of talks, Hu told the press at Beijing's Great Hall of the People that his talks with Obama was "candid, constructive and fruitful."     Standing beside Obama, Hu said China and the United States shared broad common interests and have great potential for future development on a series of major issues concerning peace and development of the mankind. Chinese President Hu Jintao speaks during a press conference held with visiting U.S. President Barack Obama following their official talks at the Great Hall of the People in Beijing on Nov. 17, 2009    MORE DIALOGUE     Hu said they agreed to improve dialogue, communication and cooperation from a strategic and far-sighted perspective and to make joint efforts in building a positive, cooperative and comprehensive Sino-U.S. relationship so as to promote global peace, stability and prosperity. Chinese President Hu Jintao holds a press conference with visiting U.S. President Barack Obama following their official talks at the Great Hall of the People in Beijing on Nov. 17, 2009. Both China and the United States believed that close high-level contacts and dialogues and consultations at various levels were of great importance to the two countries' relationship, he said.     The two presidents agreed to keep close communication through visits, phone calls, letters and meetings at multilateral occasions, Hu said.     The two leaders also spoke highly of the role of the strategic and economic dialogue mechanism in boosting mutual trust and cooperation between the two countries.     China and the United States would continue implementing the agreements reached at the first round of the dialogue last July in Washington and will start preparations as soon as possible for the second round of the Sino-U.S. Strategic and Economic Dialogue (S&ED) next summer in Beijing, Hu said. 　　ECONOMIC COOPERATION     The two leaders exchanged views on the current global financial situation and held that despite the positive signs of the global economic recovery, the foundation of the global economic recovery was far from solid.     Hu and Obama agreed to strengthen dialogue and cooperation on macro-economic policies, properly handle trade frictions through negotiations and jointly ensure the bilateral economic and trade ties to develop in a healthy and steady way.     "I stressed to President Obama that under the current situation, our two countries should oppose and resist protectionism in all forms in an even stronger stand," he said. Visiting U.S. President Barack Obama reacts during a press conference held with Chinese President Hu Jintao following their official talks at the Great Hall of the People in Beijing on Nov. 17, 2009Hu said both China and the United States appreciated the key role of the G20 summit in coping with the global financial crisis.     "China and the United States would work together with all other members to fully carry out the commitments of all G20 summits and continuously strengthen the role of G20 in the management of the global economy, while pushing forward international financial system reform and improving global economic order to guard against and cope with future crisis," Hu said.     CLIMATE CHANGE, ENERGY AND ENVIRONMENT     The two presidents also agreed to improve cooperation in climate change, energy and environment.     Hu said China and the United States would cooperate with all sides concerned, on the basis of the "common but differentiated responsibilities" principle and their respective capabilities to help produce positive results at next month's Copenhagen summit on climate change.     China and the United States had signed documents of cooperation including a memorandum of understanding on enhancing cooperation on climate change, energy and the environment, and the two countries had formally launched a joint research center on clean energy, he said. Chinese President Hu Jintao shakes hands with visiting U.S. President Barack Obama after they meet the press at the Great Hall of the People in Beijing on Nov. 17, 2009. Hu said the two leaders also agreed to deepen cooperation on the basis of mutual benefits in areas such as anti-terrorism, law enforcement, science and technology, space exploration, civil aviation, high-speed railway, infrastructure, agriculture and health care.     The two leaders agreed to continue to promote greater development in military relations, Hu said.     Obama and Hu discussed to expand cultural exchanges between the two countries, especially youth exchanges, and supported both sides to set up a cultural exchange mechanism and strengthen cooperation on dispatching exchange students.     NUCLEAR NON-PROLIFERATION     "Both of us remain committed to resolving the nuclear issue on the Korean Peninsula through dialogue and consultation," said Hu. "Such a commitment serves the common interests of China and the United States and all other parties concerned."     Hu said China and the United States would work with other parties concerned to stick to the denuclearization of the Korean Peninsula and the six-party talks process to safeguard peace and stability of the northeast Asia.     The two presidents stressed that it was very important for the stability in the Middle East and the Gulf Region to uphold the international nuclear non-proliferation regime and properly resolve the Iran nuclear issue through dialogue and negotiation, Hu said.     ONE-CHINA POLICY     Hu said the key to Sino-U.S. relationship was to mutually respect and accommodate each other's core interests and major concerns while divergences from different national conditions were normal as the two sides had different country situations.     He said that China appreciated President Obama's support for the one-China policy and the three Sino-U.S. joint communiques, and his respect for China's national sovereignty and territorial integrity on the Taiwan issue and other matters.     Hu said the two sides had reaffirmed the "cardinal principle" of "mutually respecting national sovereignty and territorial integrity" and voiced opposition to any attempt by any force to violate this principle.     "We have both agreed to conduct dialogues and exchanges on issues including human rights and religion, in the spirit of equality, mutual respect and non-interference in each other's internal affairs, so as to boost understanding, mitigate divergences and broaden consensus," Hu said.     "The Sino-U.S. relationship is very important. Maintaining and promoting the Sino-U.S. relationship is a shared responsibility of both sides," Hu said.     "China is ready to work together with the United States to push forward the continuous, healthy and stable development of the Sino-U.S. relationship to better serve the two countries' peoples and peoples across the world," Hu said.

BEIJING, Nov. 4 -- China's increasingly voracious investment in overseas markets is helping the global economy - and especially the economies of developing countries - recover from the financial crisis, according to several speakers at the First China Overseas Investment Fair Tuesday.     Chinese officials urged foreign countries to make it easier for that investment to continue to flow by creating a "convenient and fair" environment for Chinese investors.     Outbound investment from China in overseas markets has grown significantly recently, at the same time as investment from traditional big spenders, including the United States and European countries, has slowed.     "China is stepping up its overseas efforts, despite the economic recession worldwide," said Zhang Xiaoqiang, vice-director of the National Development and Reform Commission. "Many of China's companies are active investors."     China's overseas direct investment rose 190 percent year-on-year in the third quarter, bringing the total investment for the first nine months to 32.87 bln U.S. dollars, the Ministry of Commerce announced recently.     That growth has been a blessing for many countries recently, Zhang said.     Jon Huntsman, the US ambassador to China, agreed, saying China's investment was "important in improving and stimulating the world economy".     Huntsman said the US has benefited from the investments of other nations. Between 2003 and 2008, countries invested more than 325 billion dollars in some 4,300 projects in the US.     Huntsman said China was "one of the nations with the fastest growing investment in the US" with an annual growth rate in investment volume of 30 percent throughout the 2004-to-2008 period.     "China is a leading nation in stimulating the revival of developing economies by way of investment," said Taffere Tesfachew, chief of the Office of the Secretary-General under the United Nations Conference on Trade and Development (UNCTAD).     Statistics from UNCTAD shows that in 2008, investment flowing out of the US declined by 18 percent to 312 billion. Flows from EU nations plunged by 30 percent to 837 billion. But emerging economies, and China in particular, increased overseas investment, Tesfachew told China Daily.     Nations and regional areas throughout "Africa and Asia could benefit a lot from it," he added.     F. Marcelle Gairy, Grenada's ambassador to China, said: "We have great sunshine to grow plants and many other advantageous sectors to tap. China has good technology to realize our dreams."     "It is win-win investment," she said.     "China's technology is cheaper, innovative and very useful," added Mifzal Ahmed, advisor on investments for the Maldives' Ministry of Economic Development.     While the UNCTAD forecasts investment outflows from Asia will slow this year, the organization believes the region will still outperform the rest of the world.     "Outflows from China and India are the most noteworthy," said Tesfachew.

BEIJING, Nov. 6 (Xinhua) -- Chinese President Hu Jintao's upcoming state visits to Malaysia and Singapore would comprehensively push forward China's ties with the two nations and the Association of Southeast Asian Nations (ASEAN), said an official with the Foreign Ministry here Friday.     Hu will pay state visits to Malaysia and Singapore from Nov. 10to 13, at the invitations of Malaysian Supreme Head of State Mizan Zainal Abidin and Singaporean President S. R. Nathan.     It is the first time for President Hu Jintao to pay state visits to Malaysia and Singapore as president of China, and it is also the first time in 15 years for a Chinese President to visit the two countries, said Assistant Foreign Minister Hu Zhengyue at a news briefing.     During his stay in Malaysia, Hu will hold talks with Supreme Head of State Mizan and meet with Prime Minister Najib Tun Razak.     "President Hu's visit to Malaysia will surely further deepen strategic cooperation between the two nations and advance bilateral ties," said the assistant foreign minister.     While in Singapore, he will hold talks with President Nathan and meet with Prime Minister Lee Hsien Loong, Minister Mentor Lee Kuan Yew and Senior Minister Goh Chok Tong.     President Hu will exchange views with Singaporean leaders on deepening mutually beneficial and cooperative ties, and discuss international and regional issues of common concern," said the assistant foreign minister.     Vice Minister of the Ministry of Commerce Yi Xiaozhun said China and the two countries had good economic and trade relations and were each other's important trade partners.     In Malaysia, the two sides will sign economic and trade cooperative documents to push forward joint projects in the infrastructure area.     While in Singapore, leaders of both nations will discuss on how to promote bilateral trade and investment, advance major cooperative projects and enhance cooperation within the framework of regional and international trade.     "We believe that President Hu's visit will surely expand the scale of economic and trade cooperation between China and the two countries, and promote the sustained and stable development of bilateral relations, " Yi said.

SINGAPORE, Nov. 11 (Xinhua) -- Visiting Chinese President Hu Jintao met here Wednesday evening with Singaporean President S. R. Nathan, with both exchanging views on further developing bilateral ties between the two countries.     President Hu said that as the two countries are to celebrate the 20th anniversary of the establishment of diplomatic relations next year, China is ready to provide Singapore with a pair of pandas for joint research in a bid to further enhance the friendly feelings between the people of the two countries. Chinese President Hu Jintao (R, front), accompanied by Singapore's President S.R. Nathan (R, rear), inspects the honour guard during a welcome ceremony in honor of Hu in Singapore, on Nov. 11, 2009President Nathan said that China's decision to offer a pair of pandas to Singapore is an important symbol of friendship between the two peoples.     During the meeting with Nathan, Hu said the bilateral relations have witnessed rapid growth since the two countries established diplomatic ties 19 years ago.     The two sides have maintained frequent exchange of high-level visits and achieved fruitful cooperation in various fields, said the Chinese leader. Chinese President Hu Jintao (2nd L) and his wife Liu Yongqing (1st L) pose for a group photo with Singapore's President S.R. Nathan (2nd R) and Nathan's wife in Singapore, on Nov. 11, 2009. Expressing satisfaction with the good momentum in the development of bilateral relations, Hu said China attaches great importance to its relations with Singapore and is ready to deepen mutually beneficial cooperation, so as to make greater contribution to peace, stability and prosperity of Asia.     Hu emphasized that human resource is a key area of bilateral cooperation, to which both sides have always paid great attention.     Strengthening exchanges between the young people of both countries is conducive to the long-term and stable growth of bilateral links, he said.     Hu also briefed Nathan about the measures that China has taken to offset the impact of the international financial crisis and to maintain a stable and relatively rapid growth of the economy, as well as the effects of these measures.     Nathan warmly welcomed Hu's state visit to Singapore, saying the visit is of milestone significance in the development of the bilateral relations.     Under the current circumstances of rampant trade protectionism, China's success in addressing the challenge of the global financial crisis and maintaining a rapid economic growth deserves admiration and congratulation from Singapore, he said.     Nathan said that as the People's Republic of China celebrated this year the 60th anniversary of its founding, the great changes in China have brought about opportunities for the whole region and benefited every country in the region.     He said Singapore and China enjoy a close relationship as bilateral cooperation in various fields grow smoothly. Singapore hopes to further strengthen exchanges and cooperation with China in various areas such as economy and trade, tourism and education and to expand cooperation at local levels, he added.     Nathan said Singapore is also ready to expand cooperation with China in the area of human resource development.     Noting that Asia is frequently striken by natural disasters, Nathan said China has accumulated valuable experience in disaster relief during the severe earthquakes in Sichuan last year and in post-disaster rehabilitation for other countries to learn from.     Before the meeting, Nathan held a welcome ceremony for Hu.     President Hu arrived here Wednesday afternoon for a state visit to Singapore. This is the final leg of his two-nation Southeast Asia trip, which has already taken him to Malaysia.     During his stay in Singapore, President Hu will also attend the Economic Leaders Meeting of the Asia-Pacific Economic Cooperation (APEC) slated for Nov. 14-15.

BEIJING, Nov. 17 (Xinhua) -- The United States and China, the world's first and third largest economies, have pledged to rebalance each other's economy and move in tandem on forward-looking monetary polices for a strong and durable global economic recovery, according to a China-U.S. joint statement released here on Tuesday.     The statement, issued after talks between Chinese President Hu Jintao and his U.S. counterpart Barack Obama, has climaxed the latter's first China trip since he took office in January.     "China will continue to implement the policies to adjust economic structure, raise household incomes, expand domestic demand to increase contribution of consumption to GDP growth and reform its social security system," said the statement.     The United States, in return, will take measures to increase national saving as a share of GDP and promote sustainable non-inflationary growth.     "To achieve this, the United States is committed to returning the federal budget deficit to a sustainable path and pursuing measures to encourage private saving," it said.     President Obama made it clear at an earlier press conference Tuesday afternoon that the rebalancing strategy would require America to save more, reduce consumption and reduce long-term debts.     The statement also said that both sides will pursue forward-looking monetary policies and have "due" regard for the ramifications of those policies for the international economy.     The two also agreed to expedite negotiation on a bilateral investment treaty, and work proactively to resolve bilateral trade and investment disputes in a constructive, cooperative and mutually beneficial manner.     Recognizing the importance of open trade and investment to their domestic and the global economies, the two are committed to jointly fight protectionism in all its manifestations.     "We both agreed to properly handle trade frictions between the two countries through negotiations on an equal basis, and to make concerted efforts to boost bilateral trade and economic ties in a healthy and steady way," said President Hu.     "I stressed to President Obama that under the current situation, both China and the United States should oppose and reject protectionism in all forms in an even stronger stand," he said.     The two sides also reiterated that they would continue to strengthen dialogue and cooperation on macro-economic policies and pledged to honor all commitments made at the first round of the Sino-U.S. Strategic and Economic Dialogue last July, the Group of 20 summits, and the recently concluded APEC Economic Leaders' Meeting in Singapore.     The statement said that both sides commended the important role of the three G20 summits in tackling the global financial crisis, and were committed to work with other members of the G20 to enhance the G20's effectiveness as the premier forum for international economic cooperation.     China and the United States also agreed to work through a cooperative process on mutual assessment to make the G20 Framework for Strong, Sustainable and Balanced Growth a success.     The statement said that both sides welcomed recent agreements by the G20 to ensure that the International Financial Institutions (IFIs) have sufficient resources and to reform their governance structures.     "The two sides stressed the need to follow through on the quantified targets for the reform of quota and voting shares of IFIs as soon as possible, increasing the voice and representation of emerging markets and developing countries in these institutions consistent with the Pittsburgh Summit Leaders Statement," it said.

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