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BEIJING, July 10 (Xinhua) -- China's trade surplus fell by 42.5 percent in the first six months this year from a year earlier to 55.3 billion U.S. dollars, the General Administration of Customs (GAC) said Saturday.In the first half of 2010, exports rose 35.2 percent to 705.09 billion dollars while imports were up 52.7 percent to 649.79 billion dollars, the GAC said in a statement posted on its official website.China's foreign trade in the first half totaled 1.35 trillion dollars, a year-on-year increase of 43.1 percent, after the country saw its June exports and total trade both reach record highs, the GAC said.In June, exports were up 43.9 percent to 137.4 billion dollars while imports were 117.37 billion dollars, up 34.1 percent year on year, resulting in a total trade value of 254.77 billion dollars, the GAC said.The June exports increased 4.3 percent from May and the imports were 4.6 percent higher from the last month, according to the statement.However, the pace of growth in exports and imports were both slower than in May when exports surged 48.5 percent and imports jumped 48.3 percent from a year earlier.Bi Jiyao, a senior researcher with the research institute under the National Development and Reform Commission, said the strong figures partly stemmed from the low comparison base last year.In the first half of 2009, China posted a 23.5-percent decline in total trade, with exports and imports down 21.8 percent and 25.4 percent respectively, according to the GAC data.More importantly, the strong performance of China's trade was attributable to the recovery of the world economy and China's deepening economic ties with other emerging markets, said Bi.Trade between China and the European Union rose 37.2 percent in the first half of this year to 219.42 billion dollars from the previous year, while trade with the United States grew by 30.2 percent to 171.99 billion dollars, the GAC said.China's trade with Japan also saw rapid growth, hitting 136.55 billion dollars, up 37 percent from a year earlier, and Japan became China's third largest trade partner as a result, the GAC data showed.China also saw booming trade with many emerging markets in the first six months this year.Trade between China and the Association of Southeast Asian Nations (ASEAN) climbed by 54.7 percent to 136.49 billion dollars, and China-Brazil trade jumped 60.3 percent to 26.39 billion dollars, said the GAC statement.Besides sound growth, China's trade pattern was also becoming more balanced with the gap between imports and exports narrowing, Bi said.In the first half this year, China's trade surplus shrank by 42.5 percent from the same period last year, after it recorded a surplus of 196.1 billion dollars in 2009, down 34.2 percent from 2008.Bi Jiyao said China's export growth would not be able to maintain such a high rate of growth as the comparison base was very low for the first half in 2009 when the world economy was struggling amid the financial crisis.Echoing Bi, Zhang Xiaoji, a senior researcher with the Development Research Center of the State Council, anticipated China's trade surplus this year would be reduced by 20 billion dollars from the 2009 level.From January to June this year, China recorded a trade deficit of 26.33 billion dollars with Japan, as imports from Japan rose 46.3 percent, compared with a 25.2-percent exports growth, and the deficit grew by 130 percent from the same period last year, the GAC said.China's trade deficit with Brazil stood at 5.75 billion dollars, and its deficit with the ASEAN countries widened to 7.29 billion dollars, compared with 600 million dollars registered for the whole year of 2009.China's imports were growing faster than exports, indicating that China's stable economic development was helping the world economy to recover while many countries were resorting to exports growth as a major tool to achieve economic recovery, Zhang Xiaoji said.

MELBOURNE, Australia, June 19 (Xinhua) -- Visiting Chinese Vice President Xi Jinping met with John Brumby, Premier of Victoria state later Saturday.Xi Jinping, who is visiting Australia at the invitation of Prime Minister Kevin Rudd, said his visit aims to enhance mutual trust and friendship, promote extensive exchanges and cooperation and he is to meet Australian leaders and friends of different sectors during the visit.Xi said exchanges and cooperation at state and province level are important to bilateral relations. In recent years, friendly cooperation between Victoria state and China has achieved positive results, especially in trade and education sectors.(Xinhua/Liu Weibing) (ypf)" hspace="0" src="/d/file/p/2010/06/e99cfd599976853f5e524c867d176e88.jpg" border="0" />Chinese Vice President Xi Jinping (R) meets with Australia's Victorian Premier John Brumby in Melbourne, Australia, June 19, 2010. Xi arrived at Melbourne on Saturday afternoon, starting his official visit to Australia, the last leg of his four-nation visitsXi said the Chinese government and relevant provinces and cities in China attach great importance to further exchange and cooperation with the state of Victoria.He said joint efforts can be made in technological cooperation, especially the high technology sector, research and manufacturing of clean energy automobiles. The two sides can make the most of their high level of complementary properties of trade and investment relations and at the same time deepen cooperation in agriculture.People-to-people relations are also important, Xi said, adding that the two sides need to further encourage education and travel by having more university-level exchanges, training, visiting scholar programs, technological and educational cooperation.Xi said this year's Shanghai World Expo, the year of Australian culture in Beijing as well as next year's China year in Australia are providing opportunities for more people-to-people exchanges and links. He said with joint efforts, friendly cooperation between Victoria and China will provide genuine benefits to the peoples.Premier Brumby gave Vice President Xi a warm welcome for making Melbourne the first leg of his visit to Australia. Brumby said, given cooperation in extensive areas, relations between Australia and China enjoy a strong trend. The existing cooperation in energy, resources, mineral, culture, education and travel has been very fruitful.

BEIJING, June 26 (Xinhua) -- The Chinese Premier Wen Jiabao has warned local authorities to keep a sober mind in the face of the complicated economic situation, even though the economic recovery has strengthened over the last six months.Wen made the remarks during his two-day visit to Hangzhou, the capital city of east China's Zhejiang Province, which concluded on Saturday.He asked local officials to step up efforts to a keep close watch on the economy's development and find new problems quickly.During discussions with local authorities of the eastern provinces of Zhejiang, Jiangsu and the Shanghai municipality, Wen said the Yangtze River Delta, where the three regions are situated, should take the lead in choosing a development path featuring scientific nature, harmony, and integration.Chinese Premier Wen Jiabao (C) visits staff members of e-commerce company Alibaba in east China's Zhejiang Province June 25, 2010. Wen made an inspection tour in Zhejiang from June 25 to June 26."The Yangtze River Delta holds an important position in the country's national economy, it is necessary for the delta to strive to foster new edges and score breakthroughs in order to make new, greater contributions to the country's economic and social progress," said Wen.While urging efforts in fully implementing the legions of measures and policies worked out by the central government to step up and improve macro control and in advancing good and fast growth in economic and social development, Wen reiterated that the Yangtze River Delta should also work harder to speed up transfer in the mode for economic development.He also asked Jiangsu, Zhejiang and Shanghai to seize favorable chances brought along by the recent approval of the State Council, China's Cabinet,regarding the regional development blueprint calculated to bolster growth of the Yangtze River Delta in the forthcoming five years, and concentrate efforts on improving industrial structure and advancing integration in constructing major infrastructure projects, so as to expediate formation of an effective system for sustainable development.Wen stressed that it was imperative for local governments to work out effective measures to promote harmony between workers and businesses amid rising calls for wage increases.During his inspection to a local garment-making factory in Hangzhou, Wen encouraged the enterprise administrators to promote innovation and cut costs to make the products more competitive in more markets.When he visited Alibaba.com, a leading Chinese E-commerce company also based in Hangzhou, Wen emphasized integrity should always be the basis of business activity.

BEIJING, July 27 (Xinhua) -- The China Investment Corporation (CIC), the nation's sovereign wealth fund, announced Tuesday it would start a new round of global hiring for "business development" reasons.The recruiting covers 64 job positions, including asset allocation and strategic research, risk management, strategic investment and private-equity investment, according to a statement on CIC website.Applications will be accpeted till August 9, it said.The CIC was established in September 2007 with a registered capital of 200 billion U.S. dollars from China's huge foreign exchange reserves.

LONDON, July 5 (Xinhua) -- First Minister of Scotland, Alex Salmond, is currently leading Scotland's tourism and trade mission to China from 5 July, including a planned visit to Shanghai Expo 2010.During the five-day trip, the delegation will visit Shanghai, along with a planned visit to Shanghai Expo 2010, before traveling to Beijing. The group will combine trade workshops, sales calls, media meetings and a Scottish Golf Day.As an emerging global economic power and an essential partner for Scotland, China contribute to the key purpose of the Scottish Government, which is to increase sustainable economic growth. Shanghai Expo provides a focus and an ideal opportunity to build and maintain relationships and promote Scotland as a key economic partner.First Minister of Scotland, Alex Salmond, said: "It is vital that the Scottish Government, our agencies and Scotland's businesses do all they can to continue advancing the nation's relationship with China.""I will lead our delegations to a series of events at the Shanghai Expo, where we are supporting a significant Scottish presence to raise Scotland's profile and to encourage some of the anticipated 70 million visitors to the Expo to see Scotland as a place to live, to work, to study and to visit." Mr. Salmond added.China is one of Scotland's most important emerging markets with an increase in visits from 7,000 in 2005 to approximately 11,000 a year from 2007 to 2009, with these visits are worth average of 7 million pound to the Scottish economy each year.