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DHAKA, March 14 (Xinhua) -- Bangladesh attaches great importance to Prime Minister Sheikh Hasina's upcoming visit to China, Foreign Minister Dipu Moni said here on Sunday."We attach great importance to prime minister's visit to China as Bangladesh and China are trusted friends. We have cordial and friendly relations," Moni said.Briefing reporters on the visit, Moni said that after the new government assumed power in January 2009, the Chinese government sent a special representative to Prime Minister Sheikh Hasina and expressed strong desire to work together.Moni said Bangladesh also wants to strengthen bilateral ties and cooperation with China .On the sidelines of the world climate change conference in Copenhagen last year, Hasina had meeting with Chinese Premier Wen Jiabao and discussed bilateral issues of mutual interest.The foreign minister said apart from Sheikh Hasina's visit, a number of cultural exchange programs will take place this year marking the 35th anniversary of establishment of diplomatic relations between Dhaka and Beijing.

BEIJING, Feb. 8 (Xinhua) -- As the U.S. President Barack Obama vowed to get "much tougher" with China on exchange rates and trade, economists from Beijing said China should not give in to increased U.S. pressure that stems from its domestic problems.Obama's talk of putting "constant pressure" on China to strengthen the yuan so to ensure the price of U.S. goods was not artificially inflated has drawn heated comments from economists in Beijing."His words are only aimed to appeal to domestic interest groups," said Tan Yaling, an expert at the China Institute for Financial Derivatives at Peking University.Given China's growing international clout and the lack of jobs in the United States, Obama will certainly try to make China change its currency policy as this is an easy way to weaken China's export industry, she said.It was also a relevant tactic given the President was losing ground in opinion polls and facing tough conditions leading up to the mid-term election later this year, she said.Although the U.S. economy recovered to 5.7 percent growth in the fourth quarter last year, a record high in six years, jobless rate surged to more than 10 percent.Fiscal deficit is set to hit 1.56 trillion U.S. dollars in 2010, or 10.6 percent of its GDP, a new record since the Second World War.In the State of the Union Address on Jan. 28, Obama made it clear he would focus on jobs in 2010 and pledged to double exports in five years which could create 2 million jobs in the States.Tan Yaling said Obama's export drive could not fix the job problem, while a stronger yuan would add costs for U.S. consumers.RESIST PRESSUREIt's an old trick for the U.S. to force its major trade partners to appreciate their currency to help itself in a time of crisis, said Zhang Yansheng, director of the Institute of Foreign Trade of the National Development and Reform Commission."China's reforms, including exchange rate reform, should be independent of other countries," he said.He noted China's currency policy should comply with the country's macroeconomic conditions and industry restructuring. As many exporters' sales were just starting to pick-up, a rising renminbi would hurt their fragile recovery.Many foreign experts also agreed that the appreciation of the renminbi would not remedy the global economic imbalance.A 20 percent rise in the yuan and other major Asian currencies would at best lead to a rise in U.S. exports worth 1 percent of gross domestic product, as the International Monetary Fund (IMF) estimates suggested, said Olivier Blanchard, Economic Counsellor and Director of the Research Department of IMF."I think it's very important not to bash China over the RMB. What China should do, and is actually doing, is to decrease its saving rate, thus increase domestic demand, and reorient production to satisfy this higher domestic demand," he said in an interview with Reuters on Jan. 29.The renminbi has gained around 21 percent since July 2005 when the government delinked the yuan from the U.S. dollar. However, China's trade surplus with its major trading partners did not fall accordingly."The exchange rate of renminbi is not the main reason for the Chinese-U.S. trade deficit," Foreign Ministry Spokesman Ma Zhaoxu said Thursday."We expect the United States to view bilateral trade issues rationally and to negotiate fairly. Accusation and pressure would not bring a solution," said Ma.

BEIJING, Jan. 24 (Xinhua) -- One of China's two leading State-owned shipbuilders, China Shipbuilding Industry Corporation (CSIC), said Sunday that its profit in 2009 jumped 18.5 percent to 7.39 billion yuan (1.1 billion U.S. dollars).The Beijing-based conglomerate, which consists nearly 50 industrial subsidiaries and about 30 R&D institutes in northern China, also said its operating income rose 17 percent in 2009 to 120.9 billion yuan.General manager Li Changyin said the CSIC had overcome the impact of the global financial crisis, which crippled the global sea-based trade and brought down ship orders.Li said technological innovations had enabled the CSIC to build 180,000-dwt bulkers, 320,000-dwt oil tankers, 13,000-TEU containers as well as new types of drilling platform which can be used in water depths up to 400 feet (120 meters).According to Li, CSIC had also been actively engaged in non-ship businesses including manufacturing of wind power and nuclear power equipment, accounting for 40 percent of the CSIC's business volume.Li said the CSIC profit target for 2010 was 8 billion yuan. The operating income was expected to surpass 140 billion yuan and the CSIC output in 2010 was likely to break 10 million dwt (deadweight tonnage), he added.The CSIC, which has more than 140,000 manpower, launched an initial public share offer at the Shanghai Stock Exchange in December 2009 and raised some 6.4 billion yuan.The CSIC's main shipbuilding and industrial enterprises are based in cities of Dalian, Qingdao, Tianjin, Shanhaiguan and Wuchang.The other major shipbuilding conglomerate in China -- the China State Shipbuilding Corporation (CSSC) is based in Shanghai, whose turf is mainly in eastern and southern China.

BEIJING, March 6 (Xinhua) -- China will further improve the formation mechanism of exchange rate of the renminbi, or the country's currency yuan, to keep the exchange rate basically stable at an adaptive and balanced level, the People's Bank of China said Saturday.The central bank made the statement in a report delivered to media during a press conference on the sideline of the annual parliament session.  Zhang Ping, Chairman of National Development and Reform Commission (NDRC), Xie Xuren, the Minister of Finance, Chen Deming, the Minister of Commerce, and Zhou Xiaochuan, governor of the People's Bank of China, attend a news conference of the Third Session of the 11th National People's Congress (NPC) on the enhancement and improvement of macro-economic control held at the Great Hall of the People in Beijing, China, March 6, 2010.

STOCKHOLM, March 22 (Xinhua) -- China has made huge contributions in realizing the United Nations Millennium Development Goals (MDG) in access to safe drinking water, said Joakim Harlin, Senior Water Resources Advisor at the United Nations Development Program based in Stockholm on Monday."According to a joint monitoring report issued by the World Health Organization and the United Nations Children's Fund last week, 89 percent of the population of 1.3 billion has access to drinking-water from improved sources, up from 67 percent in 1990, This is a huge contribution to MDG," Harlin said in an interview with Xinhua after a seminar on MDG to mark the World Water Day.Johan Kuylenstierna, Chief Technical Advisor for UN-Water, also commented on China's efforts in addressing the mounting water problems from access to safe drinking water to prevention of water pollution."China is an interesting country because you are facing so many problems, but you are also seriously addressing many of them," Kuylenstierna told Xinhua, adding that when a problem is clearly identified, you take action on trying to mitigate it and address it."China can learn a lot from other countries, but I think we can learn a lot from China too in dealing with various environmental problems," Kuylenstierna said.He also said statistics from 2009 showed that China is the biggest country in investing in renewable energy just in one year, and it has passed the United States."Water quality problem is a major global issue, access to clean water for achieving the MDG. If the water is not clean, it is not useful. This is a global problem. We release about two million tons of waste everyday into our waters," said he.2.2 million children die every year from drinking bad water. Five or six million people in total that is because of the poor quality of water. People die every year from diseases that could actually prevented, according to the UN's statistics.

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