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PYONGYANG, April 3 (Xinhua) -- The Democratic People's Republic of Korea (DPRK) top leader Kim Jong Il hosted a dinner party on Saturday for new Chinese ambassador Liu Hongcai, Chinese embassy diplomats and the visiting Chinese Tianjin Women's Volleyball Team.The Workers' Party of Korea (WPK) Central Committee Secretary Kim Ki Nam said in his address the traditional DPRK-China friendship, which was fostered by the elder generations of the two countries' leaders, had developed to new levels under the guidance of WPK General Secretary Kim Jong Il and Communist Party of China (CPC) Central Committee General Secretary Hu Jintao.Liu said China wanted to make more effort with the DPRK side for continuous consolidation and development of the China-DPRK friendship and cooperation.WPK Central Committee Secretary Choe Thae Bok, DPRK Foreign Affairs First Vice-Minister Kang Sok Ju and other major WPK and DPRK military officials were present at the party, at which the Chinese and DPRK sides sang national songs.Before the party, Choe, Kim Ki Nam and Liu watched a friendly match between the Tianjin volleyball team and the 4.25 Women's Volleyball Team of the DPRK.

BEIJING, June 5 - Environmental protection is about choosing the right path for economic growth and the right consumption model, beyond pollution control, environment minister Zhou Shengxian said on Friday."We have not successfully put the brakes on severe pollution - a result of the country's vulnerable ecosystems, large population, extensive economic growth that relies heavily on resource consumption and unsound environmental supervision systems," said Zhou at a ceremony to mark World Environment Day, which falls on Saturday.The country needs to step up its green economic policies to facilitate the shift to a "highly effective and low-emission" growth mode, Zhou said.To that effect, the Ministry of Environmental Protection will continue to promote the reform of energy use and pricing to reflect market demand and supply, resource shortages and environmental prices, he said.A tax system that encourages energy saving and environmental protection will be established, and the existing environmental economic policy tools, such as green security, green purchase and green trade, will be improved, Zhou said.Encouraging a green lifestyle has also been highlighted as a crucial measure to curb excessive consumption and reduce emissions.Consumption choices, such as preferences for smaller cars and energy-efficient appliances, could have deep impact on green production, analysts have said.Faced with mounting challenges to fight the country's environmental problems, Zhou was particularly concerned that with the strong economic rebound, emissions may rise again as production capacity expands.

BEIJING, April 1 (Xinhua) -- China's average daily stock trading volume at the Shanghai Stock Exchange shrank 35.2 percent month on month to 96.85 billion yuan (14.2 billion U.S. dollars) in February, the People's Bank of China (PBOC) said Thursday.China's stock market was closed from Feb. 13 to 19, for the Spring Festival, the most important Chinese traditional holiday.Analysts held that trading was normally bleak in the Spring Festival month, as some investors preferred to cash in profits before going back to hometowns for family gatherings and some were cautious before the release of new economic data after the holiday.The Spring Festival fell in January last year. The daily average stock turnover was down 3.38 billion yuan to 65.4 billion yuan in January 2009 compared with December 2008, according to the PBOC.The benchmark Shanghai Composite Index edged up 110.58 points from Feb. 1 to 3,051.94 points on Feb. 26 this year, the last trading day in the month, the central bank said in a financial market report released Thursday on its official website.China's financial market kept its smooth run in January and February, said the PBOC.The Shanghai Composite Index gained 1.23 percent, or 38.32 points, to end at 3,147.42 points Thursday. The turnover at the Shanghai Stock Exchange was 154 billion yuan, showing investors' heartened confidence in economic recovery.Thursday's official figures revealed that the Purchasing Managers' Index (PMI) for China's manufacturing sector stood at 55.1 percent in March, up 3.1 percentage points from February, the 13th straight month that the index was above 50 percent.

BEIJING, May 1 (Xinhua) -- The 2010 Shanghai World Expo opened on Friday night, attracting the attention of the world and international participation and earning heartfelt congratulations.Some 20 world leaders attended the opening ceremony and toured the Expo, including French President Nicolas Sarkozy and South Korean President Lee Myung Bak.Chinese President Hu Jintao met Prime Minister of the Netherlands Jan Peter Balkenende in Shanghai Saturday.Balkenende spoke highly of the opening ceremony and fireworks and said he was impressed deeply by the China National Pavilion and Sichuan Pavilion he visited Saturday morning.Spectacular fireworks explode over China Pavilion at the World Expo Park during the opening ceremony for the 2010 World Expo held in Shanghai, east China, April 30, 2010.While meeting European Commission President Jose Manuel Barroso in Shanghai Saturday, President Hu thanked the EU for its participation in the Shanghai World Expo, the organization's first presence at a World Expo held outside the EU countries.Barroso said the ceremony was a great event that showcased a modern China and a China that was much respected.He also said the Expo would be conducive to a stronger common understanding between China and the EU.Canadian Prime Minister Stephen Harper issued a statement Friday, saying he expected the Canada Pavilion would show Canada as a modern, democratic and pluralistic country."The Expo itself will provide us with an opportunity to build stronger economic, diplomatic and cultural ties with China as we showcase our country, our arts and culture, and our values," he said.Expecting millions of visitors from around the world over the next six months, he said: "Let us seize this opportunity to promote our country and build closer ties with our trading partners."Rafal Baniak, undersecretary of state in Poland's ministry of economy, said Saturday at a ceremony at the Shanghai Expo to open his country's pavilion that the Polish people wanted to give the world a better understanding of Poland's economic development through the Expo.He added that Poland wished to foster closer economic ties with China.Chairman and CEO of the U.S. Greater China Corporation, John W. Allen, told Xinhua in an email interview after the opening ceremony that "like the Beijing Olympics, the Shanghai Expo is bigger and better than any previous such event and will definitely set the standard for the future."Allen echoed Chinese President Hu Jintao's remarks that the Expo was a "showcase of the best achievements of human civilization.""It serves as a beacon for peace rather than a capacity for war," he said, "The Shanghai Expo will probably become an even hotter topic among Americans as China has once and again stunned the world by showcasing its might and skills of handling such big events."In an interview with Xinhua, Milan's Mayor Letizia Moratti, whose city will host the next World Expo said: "Shanghai Expo will be a monumental exposition, with many magnificent buildings created by architects from all over the world.""We have many things to learn from China's ability to quickly innovate, open to the world and adopt the best technologies," she said while extending her warm congratulations on the opening.

CHICAGO, April 5 (Xinhua) -- There are some very exciting opportunities for collaboration between the United States and China in carbon exchange, said a senior executive in Chicago Monday.Richard L. Sandor is chairman and founder of the Chicago Climate Exchange (CCX), the world's first and North America's only voluntary, legally binding greenhouse gas cap-and-trade system. Sandor is also chairman of the Chicago Climate Futures Exchange ( CCFE), the world's leading futures exchange for environmental products.Sandor told Xinhua in an exclusive interview, "I recently spent two weeks in Beijing, Shanghai, Tianjin and Hong Kong. My view, based on the people I've met with on my trips and that I work with everyday, is that there are some very exciting opportunities for collaboration between the U.S. and China in the field of carbon exchange."He said that a great example is the recent establishment of a joint venture between Chicago Climate Exchange and two Chinese partners -- China National Petroleum Corporation and the City of Tianjin. Working together they will develop an electronic emission trading platform and auction facility for financial products to reduce sulfur dioxide emissions and water pollutants, as well as enhancement of energy efficiency, said Sandor.Sandor added, "The Tianjin Climate Exchange (TCX) has begun to implement pilot initiatives that can help pave the way for a strong market-based infrastructure that facilitates the environmental and policy goals of the People's Republic of China."When talking about the opportunities and challenges facing the U.S.-China collaboration in carbon trading area, Sandor said, "We operate in a range of legal and regulatory frameworks with global affiliates in the United States, Europe, China, Australia and Canada. While each country has unique characteristics that come with different demands and needs, what seems to be clear across the board is the importance a market mechanism will play in meeting those demands."He further explained, "Interest is growing globally in carbon markets as a way to achieve better strategic management of energy costs, new products, new sources of revenue, job creation and poverty alleviation. Going forward this is likely to develop on what could be called a "pluri-lateral" basis. There will be markets in different parts of the world that are linked by similar contracts -- much like you see with crude oil today or like we saw with cotton in the 19th century."The farming and forestry carbon exchange offsets program has been an important part of Chicago Climate Exchange. Sandor said, " Since Chicago Climate Exchange began in 2003, the offsets program has covered approximately 17.2 million acres, 9,000 individual farmers, ranchers and forest owners and 32.4 million metric tons of offsets. Mitigation practices taking place on farms, ranches and forests are good for water, wildlife and the climate, while providing a new income source for rural economies. "Regarding the effect of the offsets program, Sandor said, " Thousands of farmers, foresters and ranchers who commit to exceptional management practices that remove carbon from the air are now earning new income. The verified best practices that are used by land managers make crops better able to weather climate extremes, generate clean economy jobs, and incentivize new techniques that can further cut emissions.""However, this is only a small part of what Chicago Climate Exchange members have been able to achieve," said Sandor. "Of all reductions made by CCX members since 2003, about 15 percent have been through offset projects. The remaining cuts are made through companies that are taking a broad range of steps to reduce their emissions. Electricity generators have implemented efficiency retrofits at power plants, used lower-carbon fuels, and optimized nuclear and hydro plant operations."When commenting on the U.S. legislation on carbon exchange, Sandor told Xinhua, "In June of 2009 a comprehensive climate legislation bill was approved by the U.S. House of Representatives which included a national greenhouse gas reduction and trading system with compliance required starting in 2012. In the Senate, progress continues on multiple fronts. Senator Kerry is currently collaborating with Senators Lieberman and Graham to craft a bill with bipartisan support."He continued, "While policymakers at the federal level work through the details of a federal bill, interest is growing in regionally mandated markets, such as the Regional Greenhouse Gas Initiative, which trades on the Chicago Climate Futures Exchange ( CCFE). State governments are increasingly looking to encourage renewable power generation and driving growth in renewable markets. "Sandor is also a research professor at the Kellogg Graduate School of Management at Northwestern University where he teaches a course on environmental finance. He is a Member of the International Advisory Council of Guanghua School of Management at Peking University and a member of the TERI School of Management Advisory Committee in India. Sandor previously taught at the University of California Berkeley, Stanford University, and Columbia University.