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BEIJING, May 24 -- The United States yesterday pressed China to give "fair access" for foreign companies.At the same time, China stressed the risks both economies faced from Europe's debt woes, ahead of top-level talks in Beijing.Speaking in Shanghai, a day before the start of the Strategic and Economic Dialogue, US Secretary of State Hillary Clinton stressed the importance of American economic concerns for relations with China."In the coming days, officials at the highest levels of our two governments will be discussing issues of economic balance and competition," Clinton said in a speech given in a vast hangar at Pudong International Airport.U.S. Secretary of State Hillary Clinton gives a speech during her visit to Boeing Shanghai Aviation Services Co., Ltd. in Shanghai, east China, May 23, 2010."American companies want to compete in China," she said in front of a Boeing 737. "They want to sell goods made by American workers to Chinese consumers with rising income and increasing demand."Clinton's remarks underscored how large economic concerns will loom at the two-day meeting, jostling for attention with other issues, including North Korea.The US annual trade gap with China fell to US6.8 billion in 2009, down from a record US8 billion in 2008. But the Obama administration is keen to lift exports and employment, and the deficit remains a friction point.In comments published yesterday, China's Finance Minister Xie Xuren said cooperation with the US was all the more important in the face of the European debt crisis."At present, risks from European sovereign debt have increased factors of instability in the course of global economic recovery," Xie wrote an essay published in the Washington Post and on his ministry's Website.China and the US must "each protect macro-economic stability and strengthen macro-economic policy coordination, to consolidate the trend towards global economic recovery," Xie wrote.Xie's remarks jarred those of a senior US Treasury Department official who said ahead of the talks with China that Europe's crisis should have only minimal impact on the global recovery.There has been speculation that China may delay letting the yuan rise in value out of concern that its exports to Europe will suffer.

PARIS, April 27 (Xinhua) -- French President Nicolas Sarkozy on Tuesday described this year's World Expo theme of "Better City, Better Life" as a bold and lucid choice focused on a significant challenge for the future.The president is scheduled to visit China on April 28-30 with stops at Xi'an, Beijing and Shanghai, where the exposition will be held from May 1 to Oct. 31."Taking the theme 'Better City, Better Life', you have chosen to make the 2010 Shanghai Expo an event resolutely focused toward the future," Sarkozy told Xinhua in an interview.He said, while the number of city dwellers continued to grow across the world and issues related to urban development became more and more significant, many problems needed to be solved. So China's choice of "Better City, Better Life" was appropriate."I pay tribute to the organizers of the 2010 Shanghai Expo who have made a lucid and bold choice," he said.Sarkozy said France was one of the firm supporters of Shanghai's candidacy for the exposition and was the first country to have promised to participate in the event."The choice of China and the choice of Shanghai, were something very important for us; that is the reason why I wanted to personally attend the opening ceremony," he said.The president said China has made great efforts to make the expo "a huge success."Sarkozy said the design and display in the France pavilion would reflect a real, colorful, confident and open France.

NEW YORK, April 26 (Xinhua) -- Jean-Claude Trichet, the president of the European Central Bank, called in New York on Monday for strengthening global governance amid the economic recovery process.The crisis showed that gaps in the system of global governance, in terms of both efficiency and legitimacy, have to be filled, Trichet said in a keynote speech at the Council on Foreign Relations in New York.Global governance in the financial sphere has fared during the crisis, he pointed out. "One dimension of international cooperation that I consider to have worked particularly well during the financial crisis has been that among central banks, both bilaterally and channeled through the various Basel-based committees.""But as much as some aspects of global governance appear to have passed the severe test of the global crisis, we should remember the significant shortcomings that may have contributed to creating the conditions for the crisis to happen in the first place," he added."One is the lack of coordination in financial regulation that was pervasive before the crisis and which encouraged financial institutions to engage in a large degree of regulatory arbitrage. This was the unavoidable result of the fact that while financial players were becoming increasingly global, and despite the remarkable efforts of the Basel Committee in respect of the banking sector, financial regulation remained largely national, with only relatively weak coordination at the international level, " said the president.

BEIJING, April 11 (Xinhua) -- China's banking regulator said on Sunday that banks should not extend loans to home buyers who intend to use the money for speculative purposes.Lenders should increase their awareness about financial risks and raise the down payment ratio "by a large margin", said the China Banking Regulatory Commission (CBRC) in a statement.Down payment ratio of a second or more houses should be no less than 40 percent and the interest rates should be strictly in line with risks, according to the statement.The action is the latest in a campaign by the central government to dampen China's overheated property market.

YANGON, June 3 (Xinhua) -- Chinese Premier Wen Jiabao left Yangon for Beijing on Thursday after concluding a two-day visit to Myanmar, the last leg of his four-nation Asian tour.MEETING MYANMAR COUNTERPARTDuring talks with his Myanmar counterpart U Thein Sein in the capital city of Naypyitaw, Wen and Thein Sein agreed to further promote relations and cooperation between the two countries.Noting that this year marks the 60th anniversary of the establishment of China-Myanmar diplomatic ties, Wen told his host that he came to Myanmar with Chinese people's profound feelings of friendship for the Myanmar people and their strong aspiration for closer bilateral ties.Visiting Chinese Premier Wen Jiabao (Center L) attends a signing ceremony for 15 documents on cooperation in natural gas, hydropower and other fields, with his Myanmar counterpart U Thein Sein (Center R) in Naypyitaw, Myanmar, on June 3, 2010.During the past 60 years, China and Myanmar have both upheld and followed the Five Principles of Peaceful Coexistence, achieving far-reaching progress in bilateral ties and also creating an exemplar of cooperation between nations with different social institutions, said Wen, the first Chinese premier to visit Myanmar in 16 years.Wen added that China respects the path of development the Myanmar government and people have selected in line with their country's conditions, and appreciates the valuable support Myanmar has long offered on issues concerning China's core interests.Wen stressed that China is ready to join hands with Myanmar to deepen their friendship and expand cooperation, thus remain good neighbors, good friends and good partners for ever.With their land bordering each other and their economies mutually complementary, China and Myanmar have enjoyed a grand prospect of mutually beneficial cooperation, said Wen, while recalling that thanks to their joint efforts, the two countries not only effectively withstood the impact of the global financial crisis but also brought their bilateral trade volume to a new high.In the next phase, Wen said, both sides should make proper planning of key areas and projects for cooperation, speed up the interconnection of the two countries' infrastructure, and complete the agreed major cooperation projects in energy, transportation and other areas in a timely manner and with good quality.The Chinese premier emphasized that China is willing to continue providing assistance to the best of China's ability for Myanmar's economic and social development.For his part, Thein Sein said that Myanmar and China share common borders and the two peoples have long been friendly to each other.Since diplomatic relations were established 60 years ago, the two countries have respected each other, treated each other on an equal footing and in friendly terms on the basis of the Five Principles of Peaceful Coexistence, he said.He also noted that recent years have witnessed frequent exchanges of high-level visits and significant achievements in trade and other areas of bilateral cooperation.Myanmar appreciates the understanding and support from China and adheres to the one-China policy, the prime minister said.Thein Sein said that Myanmar highly appreciates China's development, places high values on its cooperation with China from a strategic perspective and promptly implements the key cooperation projects the two sides have agreed on.He added that Myanmar will avail itself of the opportunity of the 60th anniversary of bilateral diplomatic ties to join hands with China to promote their bilateral relations of good-neighborly cooperation to a new high.The two leaders also agreed to make concerted efforts to maintain peace and stability along the common borders between the two countries and turn the borders into a bridge for friendly cooperation between the two countries.Following their talks, the two leaders attended a signing ceremony for 15 documents on cooperation in natural gas, hydropower and other fields.