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YEKATERINBURG, Russia, June 15 (Xinhua) -- President Hu Jintao on Monday expressed China's readiness to work with Uzbekistan to push forward their relations of friendship, cooperation and partnership.     At a meeting with Uzbek President Islam Karimov here, the Chinese president said relations between China and Uzbekistan have witnessed healthy and stable growth since the two countries established friendly and partnership relations in 2005.     The two countries have maintained frequent high-level exchanges, deepened their political mutual trust and expanded cooperation in such fields as trade, economy, energy, security and culture, he said. Chinese President Hu Jintao (R) meets with Uzbekistan's President Islam Karimov in Yekaterinburg, Russia, June 15, 2009.    They have supported each other on major issues of respective concerns, conducted robust cooperation in the United Nations, the Shanghai Cooperation Organization and other multilateral organizations, and contributed to promoting peace and stability in the region and the world at large, Hu said.     He said China highly values its relations with Uzbekistan and stands ready to implement the existing agreements and consensus between the two countries so as to strengthen their relations of friendship, cooperation and partnership.     Hu proposed that the two countries give full play to the intergovernmental economic and trade cooperation committee, boost cooperation in trade, economy, transport, energy, telecommunications, light industry and agriculture, and maintain the momentum for the growth of two-way trade to promote social and economic development of both countries.     Hu said the global financial crisis is still spreading, posing grave difficulties and challenges for China's economic development.     In order to tackle the crisis and maintain steady and relatively fast growth of the economy, China has timely adjusted its macroeconomic policies and adopted a package of measures to further expand domestic demand and boost economic growth, Hu said.     These measures are being implemented and have started to take effect, he said.     China is confident of overcoming the difficulties, achieving the steady and relatively rapid growth of its economy and contributing to the recovery and healthy, stable development of the global economy, Hu said.     China stands ready to strengthen exchanges and cooperation with Uzbekistan in the financial sector, jointly guard against global financial risks and promote the healthy and stable economic and financial development of both countries, he said.     Karimov, for his part, said Uzbekistan appreciates its relationship with China, which features friendship, mutual trust and cooperation.     Uzbekistan appreciates China's continued supply of aid over a long period of time, especially the sincere help and support provided by China at times of hardship for Uzbekistan, he said.     Amid the current global financial crisis, Uzbekistan is ready to strengthen cooperation with China in such sectors as the economy, trade, energy and natural resources to jointly tackle the financial crisis.     Uzbekistan is willing to strengthen cooperation with China within the framework of the Shanghai Cooperation Organization (SCO) and enhance coordination in international affairs, Karimov said.     Uzbekistan firmly supports China on the issue of Taiwan and issues related to Tibet, he said.     The Chinese president arrived in Russia's Ural mountain city of Yekaterinburg on Sunday for the annual SCO summit, which will discuss how to tackle the international financial crisis and expand cooperation in the political, economic and security fields, and in other areas, among member states.     Founded in 2001, the SCO consists of China, Russia, Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan. Mongolia, India, Pakistan and Iran are observers of the organization.  Chinese President Hu Jintao (2nd R) meets with Uzbekistan's President Islam Karimov (2nd L) in Yekaterinburg, Russia, June 15, 2009.

BEIJING, May 22 (Xinhua) -- Chinese President Hu Jintao urged Friday to build a powerful air force to meet the demands of the People's Liberation Army (PLA) for missions in the 21th century.     Hu, also general secretary of the Communist Party of China (CPC) Central Committee and chairman of the Central Military Commission (CMC), made the remark when meeting delegates of the 11th CPC Congress of the PLA Air Force in Beijing.     Hu asked the Air Force's officers to constantly improve the ability to win local wars as well as accomplish diversified military tasks. Chinese President Hu Jintao delivers a speech as he meets with the delegates to the 11th Congress of the Communist Party of China of the Chinese Liberation Army Air Force, in Beijing, capital of China, May 22, 2009. He urged the acceleration of modernizing the air force which is an important component of the country's armed forces.     The president said the Air Force has done outstanding jobs in accomplishing various tasks given by the Party and the people, and made great contribution to national security and development.     Hu also stressed that the Air Force should enhance the message of loyalty to the Party among all officers and soldiers as an essential part of their military training.     The PLA Air Force was founded in 1949.

BEIJING, May 22 (Xinhua) -- Twenty-nine large and medium-sized Chinese steel producers reported 5.18 billion yuan (762.46 million U.S. dollars) in aggregate losses in the first four months, the China Iron and Steel Association (CISA) said here Friday.     The 29 producers were among 72 surveyed by CISA, the association's vice chairman, Luo Bingsheng, said.     The 72 companies reported 575.59 billion yuan in revenue, down 18.9 percent year on year, Luo said. They paid 15.42 billion yuan in taxes, down 85.07 percent year on year, Luo said.     Losses were mainly caused by slumping domestic steel prices, Luo said.     Many producers have cut costs, and the production cost of steel dropped 13.75 percent in the first quarter, Luo said.

BEIJING, June 16 (Xinhua) -- For the first time in more than one year, China reduced its holding of U.S. Treasury bonds, and experts told Xinhua Tuesday that move reflected concern over the safety of U.S.-dollar-linked assets.     Data from the U.S. Treasury showed China pared its stake in Treasury bonds by 4.4 billion U.S. dollars, to 763.5 billion U.S. dollars, as of the end of April compared with March.     Tan Yaling, an expert at the China Institute for Financial Derivatives at Peking University, told Xinhua that the move might reflect activity by China's institutional investors. "It was a rather small amount compared with the holdings of more than 700 billion U.S. dollars."     "It is unclear whether the reduction will continue because the amount is so small. But the cut signals caution of governments or institutions toward U.S. Treasury bonds," Zhang Bin, researcher with the Institute of World Economics and Politics of the Chinese Academy of Social Sciences, a government think tank, told Xinhua.     He added that the weakening U.S. dollar posed a threat to the holdings of U.S. Treasury bonds.     The U.S. government began to increase currency supply through purchases of Treasury bonds and other bonds in March, which raised concern among investors about the creditworthiness of U.S. Treasury bonds. The move also dented investor confidence in the U.S. dollar and dollar-linked assets.     China, the biggest holder of U.S. Treasury bonds, is highly exposed. In March, Premier Wen Jiabao called on the United States "to guarantee the safety of China's assets."     China is not the only nation that trimmed holdings of U.S. Treasury bonds in April: Japan, Russian and Brazil did likewise, to reduce their reliance on the U.S. dollar.     However, Tan said that U.S. Treasury bonds were still a good investment choice.     Hu Xiaolian, head of the State Administration of Foreign Exchange, said in March that U.S. Treasury bonds played a very important role in China's investment of its foreign exchange reserves. China would continue to buy the bonds while keeping an eye on fluctuations.     Zhang said it would take months to see if China would lower its stake. Even so, any reduction would not be large, or international financial markets would be shaken, he said.     Wang Yuanlong, researcher with the Bank of China, said the root of the problem was the years of trade surpluses, which created the huge amount of foreign exchange reserves in China. It left China's assets tethered to the U.S. dollar, he said.     He said making the Renminbi a global currency would cut China's demand for the U.S. dollar and reduce its proportion in the trade surplus.

BEIJING, May 7 (Xinhua) -- Chinese Vice President Xi Jinping has urged universities to reform and improve themselves to turn out more high-quality personnel for the society.     Universities are supposed to produce "qualified builders and reliable successors of socialism with Chinese characteristics," Xi said while touring major Beijing-based universities from Wednesday to Thursday.     Centering on the fundamental task of personnel fostering, he said, universities should reform all concepts and mechanisms that go against the mission, lift the overall quality of teachers, offer better services in helping students find jobs, beef up campus stability, and provide technical service and intellectual support for companies to weather the financial crisis.     He also urged universities to prevent and punish academic corruption.