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BEIJING, Oct. 12 (Xinhua) -- China said Tuesday people-to-people exchanges between China and Japan are important in the improvement and development of bilateral relations.Chinese Foreign Ministry spokesman Ma Zhaoxu made the comment at a regular press briefing here.According to reports, Japan's Japan-China Friendship Association Sunday said on its website that China has informed the Japanese Foreign Ministry that it will accept a visit by some 1,000 Japanese youngsters to Shanghai to attend the 2010 World Expo.The youngsters will visit Shanghai from October 27 to 30.Ma's comment confirmed the visit by Japanese youngsters."We welcome more Japanese youngsters attending the 2010 Shanghai World Expo," Ma said.People-to-people exchanges, youngsters in particular, between the two countries are very important in the improvement and development of bilateral relations, Ma said.

BEIJING, Oct. 8 (Xinhua) -- China is ready to work closely with the new leadership of the Democratic People's Republic of Korea (DPRK) to cement bilateral friendly cooperative ties, said Chinese Vice President Xi Jinping on Friday.Xi made the remarks while addressing a reception at the DPRK embassy in Beijing to mark the 65th anniversary of the founding of the ruling Workers' Party of Korea (WPK).Xi said over the past 65 years, people of the DPRK had made remarkable achievements in overcoming difficulties, safeguarding national sovereignty and building Korean-style socialism. Chinese Vice President Xi Jinping (1st L) speaks at a banquet to celebrate the 65th anniversary of the founding of the Workers' Party of Korea (WPK), held by the embassy of the Democratic People's Republic of Korea (DPRK) to China in Beijing, capital of China, Oct. 8, 2010.He said General Secretary of the WPK Kim Jong Il had led the party and people to be self-reliant, to struggle arduously and to make great achievements in the cause of building a strong and prosperous socialist country."We believe that under new leadership of the WPK, the DPRK people will see greater progress in developing its economy, improving living standards, achieving peaceful national unification and expanding foreign relations," said Xi.China was glad to see the continous consolidation and development of bilateral ties nurtured by generations of state leaders and the joint efforts of the two peoples.Xi also recalled Kim Jong Il's two China trips this year, in which the DPRK leader had reached important accords with General Secretary Hu Jintao of the Central Committee of the Communist Party of China (CPC)."We are willing to join hands with the DPRK new leadership to further promote China-DPRK friendly cooperative relations in a spirit of carrying forward the tradition, looking forward to the future, developing good-neighborliness and friendship and boosting cooperation," Xi said.About 100 delegates from both countries attended the reception

WASHINGTON, Oct. 6 (Xinhua) -- China's growth is projected to average 10.5 percent in 2010 and 9.6 percent in 2011, driven by domestic demand, the International Monetary Fund (IMF) said in a report Wednesday.The Washington-based international lending agency made the projection for the annual fall meetings this weekend of the 187-nation IMF and its sister lending organization, the World Bank."The slight moderation in recent activity is expected to continue through 2011 in light of tighter quantitative limits on credit growth, measures to cool off the property market and limit bank exposure to this, and the planned unwinding of fiscal stimulus in 2011," the IMF said in its report.The report said this year's sustained growth in retail sales and industrial production confirms that private sector activity has advanced beyond the lift from government stimulus."On average over 2010-11, private domestic demand is poised to contribute two-thirds of near term growth, and government activity about one third, whereas the contribution from net exports will be close to zero," the report said.Despite the robustness in domestic demand, the pickup in inflation in 2010 reflected mainly higher food prices rather than core inflation, the report said.The report said China's increasingly wide trading network is driving growth in numerous economies, especially commodity exporters.The report said Asia's medium-term growth depends on the rebalancing of drivers of growth -- greater reliance should be put on domestic markets instead of foreign demand.The report said such a rebalancing in China, the world's second largest economy, is critical to enhance the role of household consumption in domestic growth.The report also recommended that China implement reforms to health care, education, and pension systems to enhance the social safety net.

BEIJING, Nov. 8 (Xinhua) -- Chinese stocks rose for a third straight trading day Monday with the benchmark Shanghai Composite Index closing up 0.96 percent, or 30.01 points, at 3,159.51.The Shenzhen Component Index gained 0.54 percent, or 73.94 points, to finish at 13,807.3.Combined turnover declined to 453.1 billion yuan (68 billion U.S. dollars) from 459.17 billion yuan the previous trading day.Gainers outnumbered losers 743 to 132 in Shanghai and 950 to 140 in Shenzhen.Agricultural shares led the gains with a 5.39 percent rise amid increased inflation expectations and surging farm product prices.Some economists believe China's consumer price index (CPI), the main gauge of inflation, jumped 4 percent year on year in October.Yasheng Industrial Group, Yongan Forestry Group and Fengle Seed Company all rose by the daily limit of 10 percent, ending at 6.47 yuan, 12.84 yuan and 20.77 yuan, respectively.Local stocks in Shanghai continued their surge after Walt Disney Co. inked a deal Friday for its long-awaited theme park in the city.Shanghai Lujiazui Finance and Trade Zone Development Co., Ltd rose 4.8 percent to 22.7 yuan while Shanghai Pudong Road and Bridge Construction Co. Ltd. gained 3.08 percent to finish at 20.43 yuan.Yu Wei, an analyst at Shiji Investment, said more "hot money" will flow into Chinese capital markets because of the U.S. Federal Reserve's second round of quantitative easing, QE2."As the government works on controlling inflation and the property market, the A-share market will be the most attractive place for 'hot money' inflows," he said.

PHNOM PENH, Nov. 4 (Xinhua) -- China and Cambodia on Thursday inked 6.4-billion-U.S. dollars deals ranging from infrastructure construction to energy exploration.A total of 16 deals were signed after the hour-long talks between top Chinese legislator Wu Bangguo and Cambodian Prime Minister Hun Sen late Thursday afternoon.The package of deals covered such key areas of bilateral cooperation as infrastructure construction, water resources development, telecommunication technology and energy exploration among others. Wu Bangguo (L), chairman of the Standing Committee of the National People's Congress, China's top legislature, shakes hands with Cambodian Prime Minister Hun Sen in Phnom Penh, Cambodia, Nov. 4, 2010. China's top legislator held talks with Hun Sen in Phnom Penh on Thursday.In earlier talks, Wu, chairman of the Standing Committee of the National People's Congress (NPC), the country's top legislature, reviewed the smooth growth of China-Cambodia ties since the two countries forged diplomatic ties in 1958."Particularly in recent years, bilateral relations have developed rapidly," Wu said, highlighting strong trust, sincere cooperation and mutual support.Wu underlined China's commitment to developing ties with Cambodia, labeling the southeast Asian country as a reliable neighbor, friend and brother.Hun Sen said China's rapid growth benefited the people and helped lift the regional and world economy out of the downturn.On the economic front, Wu said growing economic cooperation would add continuous momentum to bilateral relations.