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BEIJING, Jan. 17 (Xinhua) -- The United States needs to face up to its own imbalances rather than engage in more China bashing over trade, said world-renowned economist Stephen Roach.     "The West, especially the United States, needs to take a long hard look in the mirror and face up to its own imbalances. Hypocrisy is not a recipe for global statesmanship," wrote Roach in Singapore's leading financial daily Business Times this week.     As U.S. congress and the White House look toward the mid-term elections of 2010, Washington could well up the ante on China bashing -- moving from a rhetorical assault to widespread trade sanctions, predicted Roach, chairman of Morgan Stanley Asia.     He noted that the United States has already imposed trade sanctions on Chinese exports of tyres, coated paper product and steel piping and grating in recent month.     Roach argued that the expected salvo from Washington was apparently built on hypocrisy as the United States itself should also be held accountable for the global economic imbalances.     Meaningful progress on global rebalancing could not occur without progress by both China and the United States and that China has a more optimistic prospect of achieving rebalancing, he said.     "There is good reason to believe that China ... is about to take dramatic steps in rebalancing its domestic economy in a fashion that would provide a sustained and meaningful reduction in its current account surplus."     China viewed the recent crisis and recession as an unmistakable wake-up call, which left the country with little choice other than to shift the sources of its GDP growth from external to internal markets, he said.     However, it was hard to be sanguine about the outlook for America's saving and current account imbalance.     "The United States, with its massive shortfall in domestic saving, has come to rely heavily on surplus saving from abroad to fund economic growth. And it must run massive current account deficits in order to attract that capital," he said.     All nations need to be accountable for the role they need to play in driving a long overdue global rebalancing, said Roach. "It would be the height of folly to try and force China into a counter-productive approach, especially since it appears to be taking its own rebalancing agenda very seriously."

BEIJING, March 20 (Xinhua) -- Chinese Vice President Xi Jinping left here Saturday morning for an official visit to Russia, Belarus, Finland and Sweden.Xi, who is also a member of the Standing Committee of the Communist Party of China (CPC) Central Committee Political Bureau, will attend the inauguration of the Year of Chinese Language in Russia, according to the Chinese Foreign Ministry.Xi makes the trip from March 20 to 30, as guest of Russian Prime Minister Vladimir Putin, who is also chairman of the United Russian, Belarusian President Alexander Kukashenko, Finnish President Tarja Halonen and Swedish Prime Minister Fredrik Reinfeldt.Xi's entourage include senior officials from the International Department of the CPC Central Committee, Ministry of Education, Foreign Ministry, National Development and Reform Commission, China Development Bank, Ministry of Commerce, Policy Research Office of the CPC Central Committee.

OTTAWA, March 9 (Xinhua) -- China and Canada have officially kicked off a series of celebrations for the 40th anniversary of the establishment of their diplomatic relations.As one of the opening events, the China Broadcasting Chinese Orchestra (CBCO) staged a 2010 Spring Festival Gala Concert on Monday night at Southam Hall of the National Arts Center in Ottawa.The grand show, which featured over 30 different kinds of traditional Chinese musical instruments, attracted an audience of around 2,000, among whom were senior Canadian officials and Chinese Ambassador to Canada Lan Lijun.Chinese Ambassador to Canada Lan Lijun (C) and President of the Treasury Board of Canada and Minister for the Asia-Pacific Gateway Stockwell Day (R) cut the ribbon for an exhibition marking the 40th anniversary of the Sino-Canadian relation ties in Ottawa, capital of Canada, March 9, 2010Addressing a reception before the show, Ambassador Lan said that the China-Canada diplomatic ties, which were forged on Oct. 13, 1970, have moved forward thanks to the personal commitment of leaders of several generations and concerted efforts of people from various sectors in both countries. "Our exchanges and cooperation in all fields have been growing steadily and exchanges at the top and other levels have increased, " Lan noted.He said that China stands ready to work with Canada, with a strategic and long-term perspective, to seize the opportunity brought by the 40th anniversary to review the past and plan for the future, and jointly forge an even better future.On the same occasion, Canadian Speaker of the Senate Noel Kinsella said it is encouraging to see the two countries continuing to work together in a constructive and cooperative manner."The fact that we were able to put aside our differences at the height of the Cold War and work together for a better future makes me believe that our partnership can withstand the most difficult challenges that might come our way," he said.The Speaker also praised the hard-working Chinese immigrants who endured difficult conditions long before the two countries established diplomatic ties, as they helped build the Canadian Pacific Railway, which played a critical role in history.On the eve of the concert, Canadian Prime Minister Stephen Harper also sent a greeting message, saying that the wonderful evening of beautiful music was a great opportunity to share Chinese culture with Canadians as more than a billion people around the world welcomed the Year of the Tiger."It is a time of great expectations and an occasion to recognize the significant contributions of Chinese Canadians," Harper added.Established in 1957, the CBCO has performed at Konzerthaus Berlin, Lincoln Center, John F. Kennedy Center and Moscow Tchaikovsky Concert Hall over the past five decades. Its world- class Chinese New Year Concert has also become a classic event at the Golden Hall of Vienna since 2003. This is the Orchestra's first visit to Canada. 

BEIJING, Feb. 10 (Xinhua) -- The Overseas Chinese Affairs Office of the State Council on Wednesday extended Chinese Lunar New Year greetings to all overseas Chinese, returned overseas Chinese and their relatives.Li Haifeng, director of the Overseas Chinese Affairs Office, said in a New Year speech that 2009 was a special year, in which China withstood the impact of international financial crisis and cross-Strait relations showed momentum for peaceful development."We sincerely hope that overseas Chinese will continue to contribute to the great cause of peaceful reunification of China," she said.Li extended best wishes for the Spring Festival -- which falls on Sunday -- to Chinese all over the world and promised that overseas Chinese affairs offices at all levels would continue to improve services to overseas Chinese and protect their rights.

TAIPEI, Feb. 22 (Xinhua) -- Taiwan leader Ma Ying-jeou said Monday that negotiating and signing a wide-ranging economic pact with the Chinese mainland was "absolutely necessary" and "needs to be done quickly."Ma made the remarks here when attending a gathering for Taiwan business people with business on the mainland. The gathering was held to mark Chinese Spring Festival by the island's Straits Exchange Foundation (SEF), an organization authorized to handle cross-Strait issues.The principle idea of the Economic Cooperation Framework Agreement (ECFA) was to "help people do business and raise Taiwan's competitiveness," Ma said in his 35-minutes-long speech. Zheng Lizhong (R), executive vice president of the Chinese mainland's Association for Relations Across the Taiwan Straits (ARATS), shakes hands with Kao Kung-lian, vice chairman and secretary general of Taiwan's Straits Exchange Foundation (SEF), during the first expert discussion in talks on the Economic Cooperation Framework Agreement (ECFA), an economic deal which is expected to boost the cross-Taiwan Straits economic ties, in Beijing, capital of China, Jan. 26, 2010.ECFA is a wide-ranging economic pact to further normalize trade and investment ties across the Taiwan Strait, which Ma hopes to sign with the mainland this year to help fuel Taiwan's economic revival.The Chinese mainland is Taiwan's biggest trade partner, with an annual trade volume exceeding 100 billion U.S. dollars for the last two years.Given the huge amount of trade, a systematic mechanism was needed to solve problems when they arose between the two sides, according to Ma.Signing ECFA would help create 260,000 jobs in Taiwan, Ma said citing a local research institution.He also urged efforts to help the general public to know more about ECFA, especially low-income residents, people who work in small and medium-sized enterprises and those living in central and southern Taiwan.ECFA negotiations have no fixed schedule. The only round of talks so far were held in Beijing on Jan. 26. The proposed agreement mainly includes reducing tariffs, guaranteeing investment and protecting intellectual property.Economic ties between the mainland and Taiwan have warmed in recent years, with direct air and sea transport links and postal services, as well as regular passenger charter flights connecting the island with the mainland.