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NANJING, Feb. 9 (Xinhua)-- China and Japan have the opportunity to further develop their relationship through cooperation in a wide range of areas, an advisory panel on China-Japan relations said here Tuesday."Bilateral ties have an opportunity to develop as the two governments attach great importance to bilateral ties and are committed to long-term, stable, friendly, and cooperative relations," the fifth 21st Century Committee for China-Japan Friendship said after their first meeting.The committee, an advisory panel to both nations' governments, convened a three-day meeting in China beginning Sunday to discuss various aspects of China-Japan relations and to provide suggestions to the two governments."Members have discussed bilateral cooperation from a strategic point of view and have reached a fruitful outcome," the Chinese chair of the panel, Tang Jiaxuan, said.The committee agreed China and Japan should aim for cooperation in the post-financial crisis world and step up partnership in environmental protection and low-carbon business. Chinese members proposed building a recycling economic zone in Caofeidian, in north China's Hebei province.Telecommunications, bio-medicine, new materials and clean-fuel vehicles are also fields in which the two sides can work together.Another field for cooperation is culture, the panel said, stressing the importance of exchanges between media professionals and intellectuals in the two countries.Chinese members hoped visa procedures to enter Japan will be further simplified, young writers will have more opportunity for exchange, and that an arts festival on Buddhism is established.The committee suggested cooperation in Asian integration, including the building of a financial security network and speeding up research on the setting up of a free trade zone covering China, Japan, and the Republic of Korea."Japan is willing to work with China to strengthen mutual cooperation in various fields and improve understanding between peoples of the two countries," said chair of the Japanese side, Tokyo Stock Exchange (TSE) president Taizo Nishimuro

BEIJING, March 12 (Xinhua) -- China's central bank said Friday a stronger yuan offers no help for solving the Sino-U.S. trade imbalance problem, and China opposes politicizing yuan's appreciation.Su Ning, vice governor of the People's Bank of China, made the comments a day after U.S. President Barack Obama told the U.S. Export-Import Bank's annual conference that a more market-oriented exchange rate of yuan will make an essential contribution to global rebalancing efforts."We do not think a country should rely others to solve its own problems," Su, a member of the Chinese People's Political Consultative Conference (CPPCC) National Committee, said on the sidelines of the top political advisory body's annual session.The U.S. Department of Commerce said on March 11 that the U.S. trade deficit with China increased to 18.3 billion U.S. dollars in January from 18.14 billion U.S. dollars in December. The increase renewed the U.S. call for a stronger yuan as it claimed the current exchange rate gives Chinese goods unfair price advantages.Su said although yuan has gained more than 20 percent since it depegged the U.S. dollars in June 2005, China's trade surplus tripled from 100 billion U.S. dollars in 2004 to nearly 300 billion U.S. dollars in 2008.In addition, he argued, a weaker U.S. dollar does not help cut the U.S. deficit. As the U.S. dollar depreciated by 3 percent annually in average between 2002 and 2008, its deficit soared from 500 billion U.S. dollars to 900 billion U.S. dollars, Su said.Tan Yaling, a financial researcher with Peking University, said as nations have different roles in international trade and differ in resources, what they produce, consume and want can be very different."It is unfair that the United States, on the one hand, consumes cheap Chinese goods, while on the other hand, it blames the low prices for causing their domestic job losses," she said.The Obama administration's continuous calls for a stronger yuan is actually aimed at diverting attentions from its domestic woes, experts said.To grapple with high unemployment rate and uncertain recovery prospects, Obama has to do something on job promotion to secure victory in the mid-term election in November this year, said Chen Zhiwu, a financial professor with Yale University.To curb soaring unemployment and boost growth, Obama has announced a special task force on a mission of doubling the U.S. exports in five years, as he said the U.S. can not "stand on the sidelines," as other countries are busy negotiating trade deals.Cheng Enfu, a deputy to the National People' s Congress (NPC), China' s top legislature, said the consistent pressure from the United States is simply because of its pursuit of national interests."Over-fast appreciation of yuan does no good to the global economic recovery which is still fragile and uncertain," he said.Zhu Yuchen, also an NPC deputy, said as China plays a leading role in global economic recovery, any drastic policy change will not only impair China's economy, but also the global recovery, which is not a responsible way.President Obama's remarks also came a month ahead of a semiannual Treasury Department report that could label China as a currency manipulator.Premier Wen Jiabao said in the government work report delivered to the NPC on March 5 that China will keep the yuan "basically stable" at an "appropriate and balanced" level.HEFTY SURPLUS, BUT SLIM PROFITSAlthough China has accumulated massive trade surplus over the past decades, that does not indicate the same profits, as more than half of China's exporters are foreign invested, lawmakers said.Figures released by the Ministry of Commerce showed 55.2 percent of China's foreign trade was completed by foreign-invested businesses last year. And 56 percent of the exports were done by foreign companies in China.Cheng Enfu said China only pockets paper-thin profits from the very end of the manufacturing chain, or processing and assembling work. However, the United States earn handsome profits from designing and distribution.According to a study by researchers of the University of California, of the 299 U.S. dollars retail value of a 30-gigabyte video iPod in the United States, 163 U.S. dollars is captured by American companies and workers, and 132 U.S. dollars go to parts makers in other Asian countries, while the final assembly, done in China, cost only about 4 U.S. dollars a unit."Even though Chinese workers contribute only about 1 percent of the value of the iPod, the export of a finished iPod to the United States directly contributes about 150 U.S. dollars to our bilateral trade deficit with the Chinese," Hal R. Varian, a professor of the University of California at Berkeley, wrote on the New York Times on June 28, 2007.Cheng Enfu noted it needs to upgrade exports product mix to fundamentally reverse China's disadvantages. That is, to export more profitable self-innovative products, rather than labor-intensive processing goods.

BEIJING, Feb. 19 (Xinhua) -- Railway and highway stations and airports across China have seen increasing passenger flow since Thursday as millions of Chinese are returning to work or study when the week-long Spring Festival holiday draws to an end, transport authorities said Friday.The four railway stations in Beijing, one of the popular destinations for job hunters, received 150,000 passengers Thursday and the number is expected to sharply increase Friday, the last day of the seven-day Chinese Lunar New Year holiday, Beijing Railways Bureau said in a press release.Most of the passengers are tourists, migrant workers and students whose travel time was less than ten hours.Long-distance travelers are expected to arrive Friday, bringing pressure on downtown traffic, according to the bureau.People queue up to buy tickets at a railway station in Shenyang, capital of northeast China's Liaoning Province, on Feb. 18, 2010. Coach and railway terminals in major Chinese cities are bracing for a fresh travel rush, as millions of festival travelers set foot on return trips to city work after the week-long Spring Festival holidayThe authorities of Beijing Railway Station and Beijing West Railway Station arranged 18 pairs of additional trains to cope with the travel peak, it said.Public transport authority of Beijing has mobilized more buses to ensure passengers can leave railway stations as quickly as possible. People queue up to buy tickets at a railway station in Shenyang, capital of northeast China's Liaoning Province, on Feb. 18, 2010. Coach and railway terminals in major Chinese cities are bracing for a fresh travel rush, as millions of festival travelers set foot on return trips to city work after the week-long Spring Festival holidayThe ticket hall of Shijiazhuang Railway Station in the capital of Hebei Province that neighbors Beijing was crammed by anxious passengers Friday, when more than 52,000 people are expected to travel by train.Wang Aishu, waiting for getting onboard a train, was at ease holding a ticket he bought six days ago."I knew there will be a travel peak so I bought a ticket as soon as I arrived at the station on the eve of the Spring Festival," said Wang, who was heading for Dongguan City in Guangguang Province to work.The station mobilized 60 officers to help passengers and maintain order.Trains carried away 373,400 people from Hubei Province in central China Thursday, up 20.5 percent as against the same day last year. The volume is expected to rise Friday and Saturday, according to the Railways Bureau of Wuhan, the provincial capital.The railway station of Hefei, capital of Anhui Province in east China, has sent off about 30,000 passengers every day since Thursday to the major destinations of Beijing, Guangzhou, capital of Guangdong Province, and some other big cities.The station set up 50 ticket booths, including 20 additional ones, to meet the booming demand for departure.The railway station of Nanning, capital of Guangxi Zhuang Autonomous Region in south China, will see 34,000 passengers leaving for other regions Friday, up 17 percent as against that of Thursday.However, a passenger surnamed Huang failed to get a ticket to his workplace of Hangzhou in Zhejiang Province."Tickets are sold out, only those for training leaving after Feb. 25 are available," said Huang, carrying heavy luggage.The country's railways served about 5.44 million passengers nationwide on Thursday, an increase of 12.5 percent over the same day last year, according to the Ministry of Railways (MOR) Friday.The ministry said the number of long-distance travelers increased markedly as more people decided to make an earlier return trip to avoid the traffic boom, and the volume is expected to peak on Friday and Saturday.About 210 million passengers will travel during the 40-day rush period beginning January 30, a 9.5 percent rise compared with a year earlier, MOR had estimated.During the holiday period, 1,972.5 pairs of passenger trains were put into use every day on average, an increase of 156 pairs compared with the same period last year.The trains served with an average daily transport capacity of 5.57 million people, an increase of 430,000 people compared with the same period last year, according to the ministry.In Shandong Province, volume of coach passengers also kept increasing in the past few days.More than 90,000 people are expected to take coach Friday to leave Jinan, the provincial capital, said Zhu Mi, media officer with the city's long-distance coach station.The station is able to handle a maximum volume of 100,000 passengers a day, he said."I left home at 6 a.m. to catch the bus, but every coach has been fully loaded," said a migrant worker who planned to seek job in Guangzhou.Shenzhen, a popular workplace for migrant workers in Guangdong, has seen an increasing number of air passengers over the past several days. More than 45,000 passengers arrived in the city on Thursday and 47,000 others are coming, the airport authority said.The Lunar New Year fell on Feb. 14 this year and is an important traditional festival of family reunions.

BEIJING, Feb. 22 (Xinhua) -- China's exports may grow by 8 percent in 2010 but problems still existed with getting exports back to pre-crisis levels, according to a statement posted Monday on the website of Ministry of Industry and Information Technology (MIIT), quoting minister Li Yizhong.It was unlikely for China's exports to recover to pre-crisis levels in the short-term, Li said during a Sunday meeting attended by MIIT officials, attributing the slow rebound to rising international protectionism and the fact that Chinese manufacturers relied too much on overseas markets.The 8-percent growth forecast was still far below 2008's 17.2-percent increase, according to customs data.Despite overtaking Germany as the world's largest exporter, China saw its exports contract 16 percent year-on-year in 2009 as overseas demand slumped.Exports in January this year grew 21 percent on lower comparison bases a year ago due to the global economic downturn and less working days as the Lunar New Year holiday fell in January last year, said the General Administration of Customs earlier this month.Li also stressed that China should keep the yuan stable in a speech addressing the current domestic economic situation during the meeting, as international pressure on China to strengthen the yuan was intensified.

SEOUL, Jan. 25 (Xinhua) -- A trilateral meeting among three Northeast Asian countries is slated for Tuesday in Seoul as the three countries seek to launch a joint research on a free trade pact, Seoul's trade ministry said Monday.According to the Ministry of Foreign Affairs and Trade, the three Northeastern countries are set to discuss on terms of reference on the joint research, as well as the schedule for holding next rounds of dialogue, the ministry said.China, South Korea, and Japan decided at their summit talks on Oct. 10, 2009 to terminate private studies on the issue and to push for a joint research at an administrative level.In addition, the ministry said, the three nations as a follow- up measure agreed to launch the research in the first half of 2010 and to hold a preliminary meeting in Seoul.The private studies on the trilateral free trade pact started in 2003 when the first research was conducted on the macroeconomic impact of the deal, according to the ministry.