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BEIJING, Jan. 12 (Xinhua) -- U.S. Ambassador to China Jon Huntsman on Wednesday said Chinese President Hu Jintao's state visit to Washington later this month will be "exciting and historic.""State visit is the highest level of welcome that is accorded to a foreign head of state. Hu's state visit is a very exiting and historic time in U.S.-China relationship," Huntsman told a press briefing on Wednesday.Hu will pay a state visit to the United States from Jan.18 to 21 at the invitation of U.S. President Barack Obama."It is the first time that the two heads of state meet when they represent the two largest economies...Their influence is derived from the world, not form a region," Huntsman said.The ambassador said it was noteworthy that over the years Obama and Hu had met 7 times and developed a "friendly, cordial and confident" relationship.He hailed efforts on both sides to build a positive, cooperative and comprehensive U.S.-China relationship, citing the high-level meetings like Strategic and Economic Dialogue, Joint Commission on Commerce and Trade as well as some cabinet-level visits like Defense Secretary Robert Gates' just concluded trip to Beijing.In a relationship that is as mature, direct and candid as U.S.-China relationship, there will inevitably be some areas of disagreements, Huntsman said."Divergences are largely outweighed by areas of convergences," he said.Ambassador said the United States and China would increasingly find common ground."As both countries are on the world stage, they will see a similar level of responsibility in terms of problems and deal realistically with the issues that confront the world, ranging from Iran nuclear issues and Korean Peninsula tensions to economic rebalance and climate change," Huntsman said.

LONDON, Jan. 11 (Xinhua) -- Visiting Chinese Vice Premier Li Keqiang on Tuesday met here with Britain's Labor Party Leader Ed Miliband.Li praised the Labor Party for pursuing a positive China policy and contributing to the development of Sino-British relations.The Labor Party has made great contributions to the development of bilateral ties, Li said. During the previous Labor government, the two countries established the Sino-British comprehensive strategic partnership, made great progress on issues of common concern, promoted sustained economic and trade exchanges, and deepened dialogue and cooperation in various fields.Li expressed hope that the Labor Party will continue to enhance bilateral cooperation and communication, and play an active role in promoting a long-lasting, stable and sound relationship between the two countries.For his part, Miliband spoke highly of China's achievement and contribution to world economic growth, saying that his party attaches importance to relations with China and supports the British government's policy to develop strong British-Sino relations.Both sides also exchanged views on global and regional issues such as the international economic situation and climate change.

BEIJING, Dec. 26 (Xinhua) -- With the New Year and China's Spring Festival approaching, China will improve efforts to stabilize prices and ensure abundant supply of essential commodities, according to an official circular issued Sunday.Cracking down on price speculation and related market manipulation should be high on agenda of governments at all levels, according to the circular issued jointly by the General Offices of the Communist Party of China (CPC) Central Committee and the State Council, or China's Cabinet.The circular also urged for improved supervision on the food and medicine market and demanded work concerning water, power, oil, gas and heating supplies to be handled well.It called on related departments to distribute subsidies for low-income groups in a timely way and make arrangements to help people, especially those in disasters-hit areas, to get through the winter with enough supply of necessities.Party and governmental organs should abstain from extravagance and embezzlement of public fund must be strictly prohibited, it said, ordering discipline inspection authorities, auditing agencies and finance departments to enhance supervision.According to the circular, special inspection campaigns will be launched in sectors, including mining, transportation, construction, and fireworks manufacturing, to tighten safety measures and prevent accidents.Stressing security in passenger transportation, the circular said cargo overloading, using fatigued operators or running unlicensed transportation operations are prohibited.It further called for efforts to safeguard social order and to combat violent and mafia-style crimes, property embezzlement and economic crimes.

BEIJING, Dec. 27 (Xinhua) -- Chinese stocks weakened Monday after the nation's central bank hiked rates on Saturday and amid speculation further monetary policy tightening to combat inflation is in the offing.The benchmark Shanghai Composite Index fell 1.9 percent, or 53.76 points, to finish at 2,781.4, following the central bank's decision to raise the benchmark one-year lending and deposit interests rate by 0.25 percentage points, its second rate hike in just over two months.The Shenzhen Component Index fell 2.02 percent, or 253.66 points, to end at 12,303.19 points.Combined turnover increased to 224.44 billion yuan (33.85 billion U.S. dollars) from 185.28 billion yuan the previous trading day.An investor watches a screen at a stock trading hall in Shanghai, Dec. 27, 2010. China's stock market dropped Monday. The benchmark Shanghai Composite Index lost 1.90 percent, closed at 2,781.40. The Shenzhen Component Index dropped 2.02 percent, closed at 12,303.19.Losers outnumbered gainers 834 to 76 in Shanghai and 1,125 to 89 in Shenzhen.China's consumer price index (CPI), a main gauge of inflation, rose to a 28-month high of 5.1 percent year on year in November.Besides hiking rates, China's central bank has increased banks' reserve requirement ratio six times this year, taking it to 19 percent for some banks.Shares of property developers dropped. China Vanke, the nation's largest real estate developer, lost 2.89 percent to 8.75 yuan. China Everbright Bank fell 3.7 percent to 3.91 yuan. PetroChina, China's biggest oil producer, declined 2.28 percent to 11.16 yuan.Coal producer shares gained 1.74 percent amid gains in international crude oil prices.China Shenhua Energy Co., China's biggest coal producer, climbed 0.02 percent to 25.05 yuan.

BEIJING, Dec. 20 (Xinhua) -- China's top judge, Wang Shengjun, on Monday urged the nation's courts to pay close attention to the impact on people's standards of living caused by recent price hikes.Also, the courts should properly handle disputes regarding employment, social security, education, medical treatment, housing and consumption sectors, in an effort to safeguard people's vital interests, said Wang, President of the Supreme People's Court of China, at a meeting attended by presidents from the countrywide high courts.Further, the Supreme People's Court urged local authorities to crack down on telecom and internet fraud, the fight against production and sales of poisonous food and fake medicine, and ensuring the safety of people's health and property, according to Wang.All courts should also properly handle disputes concerning farmers' rights and interests, including cases relating to the sale of agricultural products and pay to migrant workers, Wang said.Wang also urged the courts in various regions to take an active part in the country's efforts in protecting intellectual property rights and environmental protection, and hand down severe punishments for work-related crimes.As to people's letters and appeals to the higher authorities for help, Wang said the courts and police officers should speed up dealing with long-pending cases, and resolve problems and complaints from people.Statistics from the Supreme People's Court showed that in the first 11 months of this year, courts at various levels had received 9,754,141 cases and completed handling 8,967,396 cases, up 0.15 percent and 2.14 percent year-on-year.Wang also said the courts had played an effective role in serving economic and social progress.