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BEIJING, Jan. 4 (Xinhua) -- China's Vice Premier Zhang Dejiang Tuesday urged the nation's railway departments to step up efforts to promote safe railway transport and build quality railway projects to better serve social-economic development.Further, priority should be placed on ensuring the safety of the country's high-speed railway in the next five years, Zhang told a national railway conference.Zhang urged railway departments to accelerate construction of the major projects while strengthening quality management and control.He also ordered authorities to make more efforts to improve technological innovation, while sharpen the international competitiveness of railway technologies and products.Chinese Vice Premier Zhang Dejiang (C) speaks at a national railway conference in Beijing, capital of China, Jan. 4, 2011. In 2010, 1.68 billion passenger journeys were conducted through the nation's railways, up 9.9 percent year on year, according to data from the Ministry of Railways.The total length of the country's railways had reached 91,000 km by 2010, and the railways would reach 120,000 km in five years, according to Chinese Railways Minister Liu Zhijun.

WASHINGTON, Jan. 13 (Xinhua) -- The United States and China must seize the "great opportunity" of cooperation to solve the common challenges facing the world today, said U.S. Commerce Secretary Gary Locke on Thursday."We can be certain that it will be a better future if the Chinese and American governments pursue cooperation over confrontation in the economic sphere," Locke said at a luncheon hosted by the U.S.-China Business Council in Washington.

BEIJING, Jan. 14 (Xinhua) - While China disagrees with the so-called "Group of Two" (G2), its cooperation with the United States is indispensable for finding solutions to many problems of the world, said Vice Foreign Minister Cui Tiankai Friday.At the second Lanting Forum, Cui spoke highly of the cooperation the two countries have conducted and called for further coordination in more areas."Both China and the United States are countries of major influence on international affairs. The two countries have conducted effective consultation and coordination in dealing with regional conflicts, fighting against terrorism, maintaining the international nonproliferation mechanisms and coping with major international issues," Cui said.He said the two countries made important contributions to help the Asia-Pacific region and the world work their way out from the financial crisis. Their active coordination promoted the successful holding of the United Nations Framework Convention on Climate Change (UNFCCC) high-level negotiations in Copenhagen and Cancun.The two countries also share same demands in maintaining peace and stability on the Korean Peninsula and working for its denuclearization, Cui said, noting the two countries are negotiating with all parties to ease the situation.Saying no country could handle the emerging global challenges without effective international cooperation, the vice foreign minister said it is also a common will of international society that the two countries would join hands and make more contribution for the world's peace and common development.The Lanting Forum, initiated by the Ministry of Foreign Affairs, is a platform for communication and exchanges between government, the business community, academia, media and the public.The Forum aims to create a new channel to facilitate discussions on foreign policies and issues of common interest by interested parties.The theme of the second Lanting Forum is "China-US Relations in the New Era."

BEIJING, Nov. 10 (Xinhua) -- China's central bank moved a step further to tighten liquidity amid increasing inflation pressures as it ordered Chinese banks to set aside more reserves on Wednesday.The People' s Bank of China, or the central bank, announced it would raise the deposit reserve requirement ratio (RRR) for Chinese financial institutions that accept deposits by 50 basis points from Nov. 16, which was estimated to freeze more than 300 billion yuan (45.1 billion U.S. dollars).The order came on the eve of Thursday's release of China' s October consumer price index (CPI), which is projected, by some economists, to reach 4 percent.The RRR for the four big state-owned banks - the Industrial and Commercial Bank of China, China Construction Bank, Bank of China and Agricultural Bank of China - will stand at 18 percent once the rise takes effect.Further, Wednesday's move will raise the deposit reserve ratio for other large financial institutions to 17.5 percent and that for small-and medium-sized financial institutions to 15.5 percent.The adjustment is the fourth RRR increase the central bank has ordered for Chinese banks this year, and the first time it has done so since it hiked interest rates by 0.25 percentage points last month.Chinese experts believe combined concerns, ranging from the looming hot money inflows caused by the United State quantitative easing to the growing inflation risks and soaring assets bubbles, have caused the central bank to raise the RRR to rein in liquidity."The central bank announced interest rates hikes and the RRR rise within one month, as the U.S. 600 billion-US-dollar quantitative easing is likely to send more speculative capital flowing to the emerging markets, and domestic commodities prices continue to increase, " senior economist with the Asian Development Bank, Zhuang Jian said, adding that the RRR increase will trim the banks' credit capital, which will help curb market speculation inflows and stabilize commodities prices.China's central bank, on Oct. 20, announced a rise of its benchmark one-year lending and deposit rate by 0.25 percentage points, the first interest rates hike in three years, as the nation's CPI hit a 23-month high to 3.6 percent in September.October's CPI is due to be announced on Thursday, while economists anticipate the October year-on-year inflation is likely to rise to 4.1 percent.Further, prices of China' s edible farm produce have witnessed consecutive increases since mid-October, as prices of 18 types of vegetables in 36 large and medium-sized cities rose by 4.9 percent during the week that ended Nov. 7, according to data released Wednesday by the Ministry of Commerce.Zhang Ping, head of the National Development and Reform Commission, said Tuesday that the nation's CPI is expected to exceed the government' s annual target of 3 percent.Also, the nation's real estate prices continued the upward trend in October, though at a slower pace, with property prices in 70 major Chinese cities increasing by 8.6 percent year on year in October, down from the 9.1-percent increase in September, the National Bureau of Statistics showed Wednesday.Li Huaiding, analyst with the Guoxin Securities Co., said Wednesday's rise would contribute to scaling back liquidity, but pressures still exist in the upcoming months, and the central bank may again increase interest rates before the end of the year.Additionally, the central bank said in a report issued on Nov.2 that it would gradually normalize the monetary policy from its counter-crisis mode and tighten control over liquidity to maintain moderate credit growth in the coming months this year.

BEIJING, Dec.22 (Xinhua) -- Chinese vice premier Li Keqiang on Wednesday called for a better environment for enterprises to boost innovation and transformation of economic development patterns.Li made the remarks while paying a visit to a national independent innovation demonstration zone in Beijing's Zhongguancun District, which is also known as "China's Silicon Valley".Li visited software firms, research institutes, and communication companies, including China's domestic search engine tycoon Baidu and electronic giant Lenovo."Innovation brings vitality, energy and also profits," he said during the visit.Chinese Vice Premier Li Keqiang (C, front) listens to the introduction of a staff member of the search engine giant Baidu as he visits the national innovation demonstration zone at Zhongguancun in Beijing, capital of China, Dec. 21, 2010. Li made an inspection tour to the zone on Tuesday.As a demonstration zone for independent innovation, Zhongguancun is seen as a powerhouse for Beijing's sustained development, which is important for industrial restructuring and upgrading, and promotion of ecological civilization, Li said."Zhongguancun is filled with energy, youthful spirit, and huge potential, well presenting the unlimited creativity of both China and mankind. With its unique edge, the region should be leading the way of economic restructuring," he said.Li also called for a better environment for enterprise development and more favorable policies to boost scientific creativity, attract the best brains, and achieve top-level results.