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BEIJING, June 25 (Xinhua) -- Since the first Group of 20 (G20) Summit in November 2008, the attention China has been getting has shifted from that of a turn-round-to, to that of a look-up-to, analysts said.Two years ago, almost all developed economies turned round to look at what actions China took to cope with the financial crisis. Now in the midst of a uneven global recovery, China has become one being looked up to by developing and developed economies for its leading if not exemplary roles.As the curtain is about to rise at the upcoming fourth G20 summit in Toronto, Canada, China and the crucial roles she is playing once again draws the world's attention.A STEADY STABILIZER IN GLOBAL DEVELOPMENTPrior to the first G20 summit, China has since been managing to sustain a rather fast growth rate while taking an active part in orchestrating with other economies, developed and developing alike, to push for a global recovery through reformed and renewed financial and economic mechanisms.Despite the fact it is still a developing country itself, China alone has contributed toward half of the global GNP growth in the time of crises.Amidst downslides of the United States, eurozone and Japan, China not only curbed the domino ripple in the country with a bolder-than-predicted stimulus package but also succeeded in effecting a lead in the recovery.It is its early lead off the blocks that is now being more than looked at by others.Canadian Prime Minister Stephen Harper, soon to host the fourth G20 Summit, has described what China has done as a contribution to the global recovery and a great assistance to the international community in its crisis management.Takashi Sekiyama, a senior researcher from Japan's Meiji University and with the Tokyo Consortium, has rated China's contribution to the global economic development during this hard period as the "biggest."

ASTANA, June 12 (Xinhua) -- Chinese President Hu Jintao wrapped up his Central Asia trip Saturday after visiting Uzbekistan and Kazakhstan, and attending a Shanghai Cooperation Organization (SCO) summit in the Uzbek capital, Tashkent.Hu started his trip Wednesday in Tashkent, where he and his Uzbek counterpart Islam Karimov exchanged views on the current situation and prospects of bilateral ties as well as international and regional issues of common concern.The two leaders signed a joint statement on the further development of the friendly and cooperative partnership between China and Uzbekistan. Chinese President Hu Jintao (7th L) and other participants of the Shanghai Cooperation Organization (SCO) summit pose for a group photo in Tashkent, capital of Uzbekistan, on June 11, 2010Hu and other SCO leaders met in Tashkent on Friday for the annual SCO summit. They discussed strategies for safeguarding security and stability, and increasing pragmatic cooperation in the region.At the summit, Hu delivered an important speech, calling for deepening practical cooperation and maintaining peace and stability in the region. He also put forward a series of proposals for intensifying cooperation within the SCO framework.Founded in 2001, the SCO consists of China, Russia, Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan. Mongolia, India, Pakistan and Iran have observer status.From Tashkent, Hu travelled to Astana for his second visit to Kazakhstan in six months. He paid a working visit to the Central Asian country last December.In Astana, Hu and his Kazakh counterpart, Nursultan Nazarbayev, discussed ways to advance the China-Kazakhstan relations and enhance pragmatic cooperation. They also exchanged views on international and regional issues of common concern.Political analysts say Hu's Central Asia trip is conducive to promoting the SCO's sustained, healthy and stable development and strengthening China's ties with Uzbekistan and Kazakhstan.

BEIJING, July 14 (Xinhua) -- Rainstorms and floods sweeping through south China have left at least 118 people dead and 47 missing since July 1, said a statement on the Civil Affairs Ministry website Wednesday.By 4 p.m. Wednesday, more than 32.3 million people in 10 southern provinces and Chongqing Municipality had been affected by continuous rainstorms and floods, the ministry said.About 101,000 houses were destroyed and close to 1.1 million people had been relocated, it said.Direct economic losses were estimated at 22.2 billion yuan (about 3.3 billion U.S. dollars).In Anhui Province alone, at least four people had been confirmed dead since July 8, whereas direct economic losses amounted to 2.3 billion yuan.The ministry had allocated 3,000 tents, 3,000 folding beds, and 20,000 quilts to Anhui.In Hubei Province, rain-triggered floods and disasters have left 28 people dead and two others missing since July 3, the provincial civil affairs administration said Wednesday.Rains and floods have disrupted lives of 9.24 million people, forcing more than 256,700 people to be relocated. Nearly 34,000 houses toppled and 923,700 hectares of crops were damaged, incurring 7.64 billion yuan in direct economic losses.In Yunnan Province, at least three people were killed and more than 1,000 residents were affected after a downpour hit Hongqiao Township in Lijiang City Wednesday.

BEIJING, Aug. 18 (Xinhua) -- China on Wednesday denied claims in a U.S. government report, saying it exaggerated China's military strength."We firmly oppose this report," Chinese Foreign Ministry spokeswoman Jiang Yu said in a press release when asked to comment on the annual report by the U.S. Defense Department.She said the report exaggerated China's military strength, and unfairly blamed China for some problems that exist in the bilateral military relationship."China unswervingly sticks to a path of peaceful development and pursues a national defense policy which is defensive in nature," Jiang said, noting that China is devoted to safeguarding peace and stability in the Asia-Pacific region and the world at large."We urge the U.S side to respect this fact," she said.Jiang also urged the United States to stop issuing such reports on China's military, and work towards improving relations between the two militaries and the two nations, instead of working against China.

BEIJING, Aug. 5 (Xinhua) - China's banking regulator on late Thursday said the hypothetical situations in the risk tests of banks, such as a possible slump in property prices, does neither indicate the regulator's judgment on the property market nor possible changes in government property policies.The China Banking Regulatory Commission (CBRC) reaffirmed in an online statement that it allows banks in regions with soaring property prices to suspend loans for third homes according to their assessment on credit risks.The CBRC also said the down payment and the lending rate for third homes mortgage loans should be raised, but the specific amount should be determined by banks.The declaration was made in response to domestic reports that the CBRC had ordered banks in Beijing, Shanghai, Shenzhen, and Hangzhou to stop issuing loans to third home buyers.According to Bloomberg's Thursday report, the banking regulator had told lenders to include worst-case scenarios of prices dropping 50 to 60 per cent in cities where they have risen excessively, which signaled that the government might be growing more concerned about the health of the real estate market.