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WASHINGTON, April 21 (Xinhua) -- Powered by strong domestic demand, China's economy is expected to grow by 10 percent in 2010, said the International Monetary Fund (IMF) on Wednesday."In China, GDP growth exceeded the government's 8 percent target in 2009 and is expected to be close to 10 percent in both 2010 and 2011. What has been so far mainly a publicly driven growth path, built on infrastructure investment, is expected to turn toward stronger private consumption and investment," said the IMF in its latest World Economic Outlook report."Boosting domestic consumption will be a priority in China, through improved access to finance for small enterprises and households and stronger corporate governance and social safety nets to reduce precautionary saving," said the IMF.According to the report, in which the IMF said Asia's GDP is projected to grow by 7 percent in both 2010 and 2011, the strength in final domestic demand in China is expected to have positive spillovers for other Asian economies, particularly exporters of commodities and capital goods.In the report, the IMF said "the global recovery has evolved better than expected, with activity recovering at varying speeds, tepidly in many advanced economies but solidly in most emerging and developing economies."The world economy, which declined by 0.6 percent in 2009, will recover gradually in 2010 and 2011, growing by 4.2 percent and 4.3 percent respectively, said the IMF.

BEIJING, May 24 (Xinhua) -- Clean energy projects, specifically new energy vehicles, energy-efficient construction and clean coal technology, are the key areas of science cooperation between China and the United States, a Chinese official said here on Monday.According to a new agreement between the two countries, they will invest in joint laboratories, and support research in related areas, Cao Jianlin, vice minister of science and technology of China, told a news briefing on the second China-U.S. Strategic and Economic Dialogues."Both China and the U.S. are the major car production and consumption countries thus both seek to develop new energy vehicles," said Cao.China is the biggest construction market in the world and a major coal consumption country, while the U.S. is also eyeing energy conservation in construction and coal consumption, he said.The U.S. is a country with advanced technologies, and China also has cutting-edge technologies regarding energy applications. The complementary cooperation between the two will benefit both Chinese and American people, Cao added.

BEIJING, April 7 (Xinhua) -- The Chinese government encourages Chinese businesses to set up economic and trade cooperation zones in member states of the Association of Southeast Asian Nations (ASEAN) to deepen cooperation, a senior commerce official said Wednesday.Vice Minister of Commerce Gao Hucheng, speaking at a preparatory meeting for the seventh China-ASEAN Expo, said China and ASEAN members have strengthened economic and trade cooperation since the China-ASEAN Free Trade Area (CAFTA) came into effect on Jan. 1 this year.Customs data showed that bilateral trade totalled 39.12 billion U.S. dollars in the first two months of 2009, up 66 percent from a year ago.Chinese exports to ASEAN states rose 52.9 percent to 18.69 billion U.S. dollars while imports from ASEAN jumped 80.2 percent to 20.43 billion U.S. dollars.Gao called upon "eligible" Chinese enterprises to "go overseas" to ASEAN countries to set up economic and trade zones with infrastructure and industrial chains.He also said the two sides should implement the agreement on trade and expand trade, calling for an increase in the trade of high value-added products, including mechanical and electrical products and other hi-tech products.The two sides' enterprises should further expand cooperation and deepening ties in the agricultural, manufacturing, infrastructure, resources, and processing sectors, he said.The CAFTA, covering a population of about 1.9 billion, is the world's third largest trade agreement in terms of trade volume, after the European Union and the North American Free Trade Area.The ASEAN groups Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam.Under the CAFTA, the average tariff on goods from ASEAN countries entering China has been cut to 0.1 percent from 9.8 percent, while the six original ASEAN members - Brunei, Indonesia, Malaysia, the Philippines, Singapore and Thailand - slashed the average tariff on Chinese goods entering ASEAN states from 12.8 percent to 0.6 percent.The seventh China-ASEAN Expo will be held in Nanning, capital of Guangxi Zhuang Autonomous Region, from Oct. 20 to 24 this year.

BOAO, Hainan, April 10 (Xinhua) -- Chinese Vice President Xi Jinping said Saturday that the mainland is willing to see the ongoing negotiations of the Economic Cooperation Framework Agreement (ECFA) with Taiwan "smoothly proceed without disturbance so as to achieve results and produce economic benefit soon."Xi made the remarks when meeting with Fredrick Chien, chief advisor of Taiwan's Cross-Straits Common Market Foundation, on the sidelines of the annual meeting of the Boao Forum for Asia in southern province of Hainan.The long-awaited cross-Strait economic pact, with aims to normalize mainland-Taiwan economic ties and bring the two economies closer, is hoped to be signed by the end of June.Chinese Vice President Xi Jinping (R) meets with Fredrick Chien, chief advisor ofTaiwan's Cross-Straits Common Market Foundation in Hainan, on April 10, 2010.Xi said how to further enhance economic cooperation remains a priority of the current cross-Strait relations.Both the mainland and Taiwan has been on the way of economic recovery, he said, adding the cross-Strait economic exchanges are entering a new development stage.He called on the two sides to constantly enrich the content of cooperation, expand cooperation areas, innovate ways of cooperation and improve the level of cooperation to further benefit people on both sides.The past year saw a series of positive progress and breakthroughs in cross-Strait relations, and both sides should value the hard-won situation and continue to improve it, Xi said.He said the mainland and Taiwan should actively promote cooperation of "new-type industries," expand two-way investment and strengthen exchanges of the financial services sector, among others, in order to enhance common economic development on both sides."We always believe that people in the mainland and Taiwan are both the Chinese and the economy of both sides belongs to the Chinese economy, though the two sides have gone through different development paths over the past six decades," he said.The cross-Strait economic cooperation advocated by the mainland is conducive to common prosperity and can help safeguard and expand the Chinese nation's interests, he said.Recognizing that the mainland and Taiwan belong to one China is a fundamental foundation for the peaceful development of cross-Strait relations, Xi said.He added that striving to realize the rejuvenation of the Chinese nation should be the mainstream of cross-Strait relationship development."As long as the two sides consider themselves as one family, it will be easy to discuss anything and any problem could be eventually resolved," Xi said.Chien said the two sides should strengthen cooperation, particularly in green industry and financial service sector, for common development.The two sides should work hard to ensure the signing of the ECFA as early as possible, he said.The mainland and Taiwan concluded the second round of expert-level talks on the ECFA on April 1.Formal discussions on the ECFA will also be a highlight at a new round of talks between the mainland's Association for Relations Across the Taiwan Straits (ARATS) and Taiwan-based Straits Exchange Foundation (SEF), which is scheduled in the first half of 2010.

BEIJING, April 13 (Xinhua) -- Chinese Premier Wen Jiabao met with his Mongolian counterpart Sukhbaataryn Batbold here Tuesday, pledging to boost trade cooperation and overall relations.Wen said the two countries were committed to promoting peace and stability in northeast Asia and cementing bilateral exchanges and cooperation in various areas.China persists in the building of good-neighborly relationships and partnerships with its neighbors, Wen said, calling on joint efforts with Mongolia to further strengthen bilateral ties and long-term friendship.Chinese Premier Wen Jiabao (R) meets with Mongolian Prime Minister Sukhbaataryn Batbold in Beijing, China, April 13, 2010. The two countries' economies were highly compatible, Wen said, calling on relevant departments to enhance coordination and support enterprises to expand cooperation and contribute to a new round of economic growth for both countries and the region as a whole.Batbold, who just finished his trip to the Boao Forum in south China's Hainan Province, said his current China visit was fruitful.High-level exchanges were pivotal to the growth of bilateral ties, Batbold said, adding his country expected a visit from Premier Wen at an early date.Mongolia hoped to enhance cooperation with China in the areas of trade, investment, agriculture, mining, finance and non-governmental exchanges, he added.