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BEIJING, Feb. 2 (Xinhua) -- The U.S.-China relationship was the most complex and important relationship in the world, U.S. Ambassador to China Jon Huntsman said on Tuesday."It is the most complex and important relationship in the world today with many facets of relationship and many points of connection between the United States and China," Huntsman told a press briefing on Tuesday.Reviewing the bilateral ties in the first year of Obama's presidency, Huntsman said, "We spent the last year in a relationship building bridges, getting to know each other, ensuring the new administration was able to frame our relationship going forward with China in ways meaningful to both countries."Looking to the new year, Huntsman said, "I would argue that we are putting the relationship to the test in a positive sense because I do believe the last many years have built a lot of solid trust, a lot of collaboration, a lot of people exchanges, enormous trade and investment.""Despite our differences, we will stay focused on the big picture between the United States and China," he said.For a trade relationship with an annual volume of 400 billion U.S.dollars, "the issue isn't that we don't have trade challenges; it is how we resolve them," Huntsman said.Huntsman said this year will see trade increases and a few more challenges between both countries."One-China policy and three joint communiques have always been part of our relationship going all the way," Huntsman said.Huntsman also defended U.S. latest plan to sell a nearly 6.4 billion-U.S.-dollar package of arms to Taiwan, which included Patriot missiles, Black Hawk helicopters and minesweepers.China expressed strong indignation and resolute opposition to the sale, announcing the suspension of bilateral military programs and security talks.
BEIJING, Jan. 25 (Xinhua) -- China restated on Sunday its resolute opposition to claims that the government was involved in cyber attack and vowed to enhance cooperation with international community to fight against Internet crimes."Accusation that the Chinese government participated in cyber attack, either in an explicit or inexplicit way, is groundless and aims to denigrate China. We firmly opposed to that," spokesman of the Ministry of Industry and Information Technology told Xinhua in an exclusive interview on Sunday."China's policy on Internet safety is transparent and consistent," he said.Internet security was a global concern which required international coordinated efforts. China was willing to deepen cooperation with other countries and learn from their experiences to make Internet a better place, he said.The spokesman's remarks came nearly two weeks after search engine giant Google said it might quit China citing disagreements with government policies and unidentified attacks targeting Google's services in China."China is the biggest victim country of hacking as its Internet has long been facing severe threats of hacker and online virus attacks," the spokesman said.Official data showed more than one million IP addresses were under control by overseas sources and the number of Web sites tampered by hackers exceeded 42,000 last year.The widespread Conficker worm virus infected 18 million computers per month in 2009, the most in the world, or 30 percent of the global total infected.According to the Internet Society of China, the number of cyber attacks from abroad saw a year-on-year increase of 148 percent in 2008.They not only affected a large number of netizens but also sectors of finance, transportation and energy, which posed severe harm to economic development and people's lives, the spokesman said.He noted the Chinese government had issued various regulations and launched many Internet safety campaigns against the attacks.The National Computer Network Emergency Response Technical Team dealt with more than 1,000 Web accidents in 2009 and helped recover economic losses for many banks and E-business Web sites.China has also taken part in the Internet safety emergency drill organized by the ASEAN countries for many times, and signed cooperation pacts with member countries of regional organizations in Asia.

BEIJING, March 5 (Xinhua) -- Chinese President Hu Jintao on Friday called for efforts toward balanced, coordinated and sustainable development in the transformation of its economic growth pattern.Hu made the remarks when joining a panel discussion on Premier Wen Jiabao's government work report with deputies to the National People's Congress, the top legislature, from the eastern province of Jiangsu.Hu said efforts should be made to cultivate new pillar industries and industries with features and advantages, and achieve the coordinated development of the first, second and third industries.Chinese President Hu Jintao (C) talks with deputies to the Third Session of the 11th National People's Congress (NPC) from east China's Jiangsu Province, in Beijing, capital of China, March 5, 2010. Hu Jintao joined in the panel discussion of Jiangsu delegation in deliberating the government work report by Premier Wen Jiabao on the opening day of the Third Session of the 11th NPC.The country needed to develop more core and key technologies to support its transformation of the economic growth pattern and the economic restructuring, he told the lawmakers.He called for the establishment of a market-oriented technological innovation system, in which enterprises play the leading role and which combines the efforts of enterprises, learning and research institutes.He said higher education and research institutes should play a more important role in scientific and technological innovation.The President also stressed the coordination of industrialization, urbanization, and agricultural modernization, so that the agricultural sector could be boosted by the industrial sector, while the rural areas could benefit from the urban regions.He said authorities should facilitate balanced allocation of public resources and the free flow of production factors between urban and rural areas.Hu pointed out that China was currently facing both opportunities and challenges at the same time, but the opportunities outweighed challenges.He urged officials in the Jiangsu Province to push forward independent innovation, promote urban-rural integration of economic and social development, and deepen the reform and opening-up drive.
BEIJING, Jan. 23 (Xinhua) -- The Bank of China (BOC) board has agreed to sell up to 40 billion yuan (5.86 billion U.S. dollars) of bonds convertible to A shares to improve capital adequacy.The proposal will be turned into the first temporary shareholders' meeting in 2010, which will be held on March 19, for approval.Excluding issuance costs, the proceeds from the issuance of the six-year convertible bonds will be used to replenish the bank's capital base and working capital and to lift its capital adequacy ratio, according to the BOC, the third largest lender by market value in China.The BOC has been implementing positive financial policies and relatively loose monetary policies since 2009.The BOC capital adequacy ratio stood at 11.63 percent and the core capital adequacy ratio at 9.37 percent by the end of September 2009.
CHONGQING, Feb. 8 (Xinhua) -- The Chongqing Higher People's court on Monday upheld the convictions of 54 members of two mafia-like gangs, amid a massive crackdown on organized crime in the southwestern Chinese city.In the second trial at the court, Wang Tianlun, leader of a 23-member gang, was sentenced to death with a two-year reprieve for organizing and instigating gang-related crimes, forcing others to trade and assault.Wang had controlled a local market since 1995, using violence and other criminal means to force vendors to sell meat injected with water, the court said.Tang Youbin, a gang member, was also sentenced to death with a two-year reprieve on similar charges. Another 21 members received life imprisonment and jail terms ranging from one to 20 years.In a separate case, Li Qiang, a former municipal lawmaker, was sentenced to 20 years in jail for seven crimes including organizing a 31-member criminal gang, disturbing public order, disturbing traffic order, illegal business, bribery and hiding accounting documents.Li Qiang based his gang around the company he founded in 1996, Chongqing Yuqiang Group Co. Ltd. To boost his company's share of the Chongqing transportation market, Li organized gang members to disturb the traffic order and cause traffic jams. More than 55 buses were illegally put into use in the city, with the illegal business generating an estimated 18.4 million yuan (2.7 million U.S. dollars).Of the other 30 members of the gang, 25 received sentences ranging from one to 18 years.The members of the two gangs were put on trial in December last year at the Chongqing No. 5 Intermediate People's Court.
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