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CAPE TOWN, March 28 (Xinhua) -- China's top political advisor Jia Qinglin on Sunday arrived in Cape Town of South Africa, for an official visit to the country at the southern tip of Africa.Jia, chairman of the National Committee of the Chinese People's Political Consultative Conference, the country's top advisory body, was making the visit at the invitation of the National Council of Provinces of South Africa.South Africa was the last leg of Jia's ten-day African tour which already took him to Cameroon and Namibia. Jia Qinglin (2nd L), chairman of the National Committee of the Chinese People's Political Consultative Conference, is welcomed by a South African senior official upon his arrival at the airport in Cape Town of South Africa, March 28, 2010. Jia Qinglin on Sunday arrived in Cape Town of South Africa, for an official visit to the country at the southern tip of Africa.In a written statement issued upon his arrival at the airport, Jia said China-South Africa relationship had advanced in an all- round way since the two countries established diplomatic ties in 1998.The two countries, which forged the strategic partnership on equality, mutual benefit and common development in 2007, have developed deeper political trust, achieved fruitful results in trade, culture, education, science, and worked closely on international issues, Jia said. Jia Qinglin (R Front), chairman of the National Committee of the Chinese People's Political Consultative Conference, is welcomed upon his arrival at the airport in Cape Town of South Africa, March 28, 2010. Jia Qinglin on Sunday arrived in Cape Town of South Africa, for an official visit to the country at the southern tip of Africa.Jia added it was in the fundamental interests of both countries and their people to seek a stronger China-South Africa relationship, which will help boost regional and world peace and development."I believe the visit will increase understanding, expand common ground, boost exchanges and deepen cooperation in a bid to cement bilateral strategic partnership," Jia said.Jia said his visit was aimed at boosting the understanding and friendship between the two nations and consolidating the cooperation in all fields.During his stay in Cape Town, Jia will hold talks with Chairman of South African National Council of Provinces Mninwa Mahlangu.Jia will also travel to Johannesburg and Pretoria where he will meet with South African President Jacob Zuma.

GUANGZHOU, April 18 (Xinhua) -- China's trade volume will reach 5.3 trillion U.S. dollars by the year 2020, Li Gang, a researcher at the Chinese Academy of International Trade and Economic Cooperation under the Ministry of Commerce, said Sunday.Li made the remakes at the ongoing 107th China Import and Export Fair, the country's largest trade fair, held in the southern city of Guangzhou.According to Li, China's merchandise imports and exports will hit 4.3 trillion U.S. dollars in 2020.Merchandise exports will top other countries and be 2.4 trillion U.S. dollars in 2020, 10.1 percent of the world total.Imports will reach 1.9 trillion U.S. dollars and rank second largest, accounting for 8.2 percent of the world total.Weighed down by the global financial crisis, the nation's foreign trade recorded a 13.9 percent year-on-year decline to 2.2 trillion U.S. dollars in 2009, with merchandise exports of 1.2 trillion U.S. dollars and imports of 1 trillion U.S. dollars.In the first quarter, foreign trade began to grow again, jumping 44.1 percent to 617.85 billion U.S. dollars, according to customs data.

BRASILIA, April 15 (Xinhua) -- Chinese President Hu Jintao and the leaders of Brazil, Russia and India met in Brasilia on Thursday to discuss the world economic and financial situation and other important global issues.This was the second time the four leaders met formally for a summit.The first summit of Brazil, Russia, India and China, collectively known under their acronym BRIC, convened in Yekaterinburg, Russia, last year.At the Brasilia summit, leaders of the four countries were to exchange views on major global issues, such as the world economy and financial situation, reform of the international financial system, climate change and cooperation among the four countries, Chinese diplomats said.China hopes the summit participants could discuss global issues in the spirit of mutual benefit, so as to facilitate the recovery of the world economy, safeguard the four nations' common interests and advance their cooperation, Qin Gang, a Chinese foreign ministry spokesman, said at a regular press briefing on April 1.He said that China always adopted a "positive, pragmatic, open and transparent" attitude toward cooperation with other BRIC nations.Closer cooperation and exchanges among the four nations would be conducive to increasing the influence of emerging and developing countries, and promoting the development of multilateralism, he said.As major emerging markets, the BRIC countries account for 42 percent of the world's population and 15 percent of the world's GDP. The BRIC countries have become an important force in the international community, receiving worldwide attention.

BEIJING, May 23 (Xinhua) -- Chinese Vice Premier Wang Qishan Sunday met with U.S. Federal Reserve Chairman Ben Bernanke, who was in Beijing for the second round of the China-U.S. Strategic and Economic Dialogue (S&ED).They exchanged views on issues including global economy and finance, and the reform on financial supervision system.Wang and State Councilor Dai Bingguo, as Chinese President Hu Jintao's special representatives, will co-chair the dialogue on May 24-25 with U.S. Secretary of State Hillary Clinton and Treasury Secretary Timothy Geithner, who are President Barack Obama's special representatives.   Chinese Vice Premier Wang Qishan (R) meets with U.S. Federal Reserve Chairman Ben Bernanke in Beijing, capital of China, May 23, 2010.

BEIJING, April 11 (Xinhua) -- Although China registered the first monthly trade deficit last month in six years, that would be temporary as the demand for imports is likely to ease with the expected moderation in domestic fixed asset investment, said an economist of JP Morgan Chase."With an anticipated recovery in developed economies this year, Chinese exports should improve gradually over the coming months," said Jing Ulrich, chairman of China Equities and Commodities of the U.S. bank in a research note Saturday.That will be proved by the forward looking new export orders component of China's official PMI (Purchasing Managers's Index) which increased to 53.7 in March from 50.3 in February, she said.China reported trade deficit of 7.24 billion U.S. dollars in March, the first since April 2004, as exports rose 24.3 percent year on year, while imports jumped by 66 percent."The pace of China's export recovery and dynamics of imported inflation will shape the country's approach towards currency valuation. A return to the policy of gradual RMB appreciation would allow China to mitigate imported inflation and promote domestic consumption by boosting household purchasing power in local currency terms," she said.She noted that in the longer-run, more flexibility in China's currency regime would allow the central bank to set monetary policy with greater independence from the U.S. Fed Reserves.