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OMAHA, The United States, May 1 (Xinhua) -- U.S. billionaire Warren Buffett said on Saturday that China is an amazing economy and the Chinese people will be living better lives in 20 years than today.When responding to a question from a Chinese student who is currently studying at Kansas City, Buffett said China is a country with great potential."China is an amazing economy, there's no question about that, and China's excising this kind of potential," Buffett said at the annual shareholders' meeting of Berkshire Hathaway.Buffett, CEO of Berkshire Hathaway, also emphasized that countries around the world do learn from each other.China may learn a few things from U.S. in its own development, but "they don't take everything we have," he said, adding that at the same time, countries like India and China are also helping improve U.S.The billionaire said he was full of hopes for emerging economies like India and China. "People in India and China will be living better lives in 20 years than today."

BEIJING, June 5 (Xinhua) -- Chinese Vice Premier Li Keqiang has called for better protection of the environment in order to boost the transformation of the country's economic growth and to promote sustainable economic and social development.Li made the remarks when meeting with environmental advocates in Beijing prior to the World Environment Day on June 5.Environmental protection not only concerned the country's economic development, but was also crucial to improve people's living standards, the vice premier said.Chinese Vice Premier Li Keqiang (2nd L, Front) visits a photo exhibition on environmental protection in Beijing, China, June 4, 2010. Li Keqiang has called for better protection of the environment in order to boost the transformation of the country's economic growth and to promote sustainable economic and social development. Li added that China has made substantial progress in environmental protection in recent years, but admitted serious conflicts between environmental protection and economic and social development still exist.Li said environmental protection should become an important tool to accelerate transformation of China's economic growth and called upon the public to contribute to an energy-saving and environment-friendly society.

BRASILIA, April 15 (Xinhua) -- Chinese President Hu Jintao met his Russian counterpart Dmitry Medvedev Thursday in Brasilia to discuss bilateral ties and other important issues of common concern.It was the first meeting between the two leaders since they met on the sidelines of the Economic Leaders' Meeting of the Asia-Pacific Economic Cooperation (APEC) forum in Singapore last November.Hu and Medvedev were meeting on the sidelines of a summit of BRIC nations, namely Brazil, Russia, India and China.At the BRIC summit slated for Thursday, leaders of China, Brazil, Russia and India will discuss the global economy and financial situation, reform of the international financial system, climate change and cooperation among the four countries. Chinese President Hu Jintao (R) meets with Russian President Dmitry Medvedev in Brasilia, Brazil, April 15, 2010. In recent years, China and Russia have strengthened their strategic cooperative partnership with enhanced mutual political trust, and fruitful cooperation in all sectors. The countries also have had close interaction and coordination in dealing with international and regional affairs.Last year witnessed the celebration of the 60th anniversary of diplomatic ties between China and Russia, as well as the hosting of the "Year of Russian language" in China, which brought about new breakthroughs in the Sino-Russian strategic partnership of cooperation.Despite some impact on bilateral trade by the global economic crisis, the quality of bilateral economic cooperation between China and Russia has improved, with trade structure optimized and significant progress achieved in energy sector cooperation."Relationship with Russia is one of the priorities of China's diplomacy. The two countries have enjoyed mutual support on issues that concern each other's core interests," Chinese Foreign Minister Yang Jiechi said at a press conference on March 7.Last year, the two countries signed a series of important cooperation agreements covering oil, natural gas, coal, electricity, nuclear energy and high-speed rail, said Yang, adding that the relevant cooperation projects are now well underway."We expect the China-Russia oil pipeline project to be completed by the end of this year and the pipeline will enter into operation next year. Moreover, the two countries are also committed to promoting cooperation between China's northeast region and Russia's Far East and eastern Siberia region," the minister said.

SHANGHAI, May 17 (Xinhua) -- China will endeavor to quicken the pace of development of its information and communications sector, China's Minister for Industry and Information Technology Li Yizhong said here Monday.Li made the remarks at an event celebrating the 145th anniversary of the International Telecommunication Union (ITU) held at the Shanghai World Expo park.The ITU Monday presented the World Telecommunication and Information Society Award to Malaysian Prime Minister Najib Razak; Wang Jianzhou, Chairman and CEO of China Mobile; and Robert Kahn, President and CEO of the Corporation for National Research Initiatives.Li Yizhong, Chinese minister of industry and information technology, speaks during the celebration of the International Telecommunication Union (ITU) Honor Day at the Shanghai World Expo in Shanghai, east China, on May 17, 2010, the Day of the World Telecommunication and Information Society.The laureates were recognized for their contribution to the ongoing digital revolution and their dedication to promoting information and communication technologies as a means to a better life for humanity, the ITU said in a statement on its website.A total of 189 countries and 57 international organizations are presenting their best at the six-month Shanghai World Expo under the theme of "Better City, Better Life."

BEIJING, May 4 (Xinhua) -- China called off its grade II drought emergency response on Tuesday as the severe drought in its southwestern regions eased after recent rain.The drought, one of the worst in decades, eased in most parts of the Chongqing Municipality, provinces of Sichuan and Guizhou, and Guangxi Zhuang Autonomous Region, said the Office of State Flood Control and Drought Relief Headquarters in a statement on its website.But in Yunnan Province, the drought was still severe in most parts as the province had only received limited and scattered rainfalls, it said.Southwestern China had six falls of rain between March 22 and April 26, which ranged in volume from 50 to 100 millimeters, figures from the China Meteorological Administration showed.As of Tuesday, up to 123 million mu (about 8.3 million hectares) of arable land in China was affected by the drought, with 17.91 million people and 12.43 million farm animals still short of water, said the statement.