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WASHINGTON, Sept. 10 (Xinhua) -- Visiting top Chinese legislator Wu Bangguo on Thursday met with U.S. President Barack Obama at the White House on bilateral relations and international and regional issues of common concern.     Wu, chairman of the Standing Committee of China's National People's Congress, was the first top Chinese legislator that has visited the United States during the past two decades.     Before meeting with Obama, Wu met U.S. Vice President Joe Biden at the White House. Wu will hold talks with U.S. Secretary of State Hillary Clinton later in the day. Wu Bangguo (L), chairman of the Standing Committee of China's National People's Congress, meets with U.S. President Barack Obama at the White House in Washington, the United States, Sept. 10, 2009    On Wednesday, Wu met U.S. House of Representatives Speaker Nancy Pelosi, telling her that his visit aimed to promote further growth of the China-U.S. relationship, which is, in his words, one of the most important, dynamic and promising bilateral ties in the world.     Wu is here on a week-long official goodwill visit to the United States, the final leg of his three-nation tour to the Americas which also took him to Cuba and the Bahamas.Wu Bangguo (L), chairman of the Standing Committee of China's National People's Congress, meets with U.S. President Barack Obama at the White House in Washington, the United States, Sept. 10, 2009

BEIJING, Sept. 19 (Xinhua) -- Top Chinese leaders including President Hu Jintao on Saturday visited an exhibition showcasing the achievements New China has made in the past six decades.     Former President Jiang Zemin, top legislator Wu Bangguo, Premier Wen Jiabao, top political advisor Jia Qinglin, and other senior leaders including Li Changchun, Xi Jinping, Li Keqiang, He Guoqiang and Zhou Yongkang also visited the show. Chinese Former President Jiang Zemin (R, front) visits an exhibition showcasing the achievements New China has made in the past six decades in Beijing, China, Sept. 19, 2009. The leaders said they were excited to see the achievements New China has made since its founding, after the adoption of the reform and opening-up policy in particular, which were displayed through various means including pictures and video clips.     They agreed the exhibition vividly showed the historical process of the Communist Party of China (CPC) uniting and leading people of all ethnic groups across the country to blaze and develop the path of socialism with Chinese characteristics.     Hu said after the visit that China was still a developing country and the road ahead was still full of difficulties both foreseeable and unforeseeable.     He called on the people across the country to work with one heart and make unremitting endeavor for the rejuvenation of the Chinese nation.     The exhibition, covering progresses in economic, political, cultural, social and Party constructions, will run till Oct. 20. Wu Bangguo (2nd R), chairman of the Standing Committee of China's National People's Congress, visits an exhibition showcasing the achievements New China has made in the past six decades in Beijing, China, Sept. 19, 2009

HONG KONG, Sept. 28 (Xinhua) -- The launch of Renminbi sovereign bonds in Hong Kong on Monday shows China's efforts to boost the international use of the yuan step by step, officials and analysts said.     The bond issue, worth only 6 billion yuan (878.5 million U.S. dollars), marked a key milestone in the internationalization of the RMB.     Hong Kong was chosen for, and will benefit from, the milestone bond sale thanks to its unique position as the international financial center providing desired cushion against the potential risks when the program was launched, analysts said.          BOOSTING INTERNATIONAL USE OF RMB     The bond issue in Hong Kong came earlier than expected, said Hu Yifan, an economist with CITIC Securities.     "The need for the RMB to go international and convertible has been growing along with the increasing importance and openness of the Chinese mainland economy and the risks arising from over- reliance on the United States dollar as the reserve currency," said Tse Kwok-leung, head of economic research of Bank of China ( Hong Kong) Limited.     China has been launching pilot RMB programs over the years, but the pace has obviously quickened since the onset of the global financial crisis. Pilot RMB programs launched in Hong Kong over the past 12 months also included yuan-denominated cross-border trade settlement and trade financing, yuan bonds issued by policy banks, commercial lenders and the branches of foreign banks, and currency swaps.     The sovereign bond issue would help "boost the international use of the RMB in a steady and orderly manner," the Chinese Ministry of Finance quoted Acting Chief Executive of the Hong Kong Special Administrative Region (HKSAR) Henry Tang as saying.     The sovereign bond sale in Hong Kong serves the purpose of water testing to "see how it is received by international investors." Hong Kong has a unique strength in that it provides the desired cushion against potential risks when the pilot programs were launched, given that the mainland capital market was yet to open up, Tse said.          BOOSTING NASCENT BOND MARKET IN HONG KONG     The bond issue ahead of the Chinese National Day showed the central government's support for Hong Kong, Vice Minister of Finance Li Yong said.     It will help Hong Kong build on its strength as an international financial center by boosting the nascent bond market in Hong Kong, Tse Kwok-leung said.     "It calls for a banking system, a stock market and a bond market, all developed, to make a developed international financial center," Tse explained.     Hong Kong has been aspiring to be the leading international financial center in the Asian time zone.     Government statistics showed that the total assets of Hong Kong's banking system and the size of its stock market were both about six times its gross domestic product, compared with a bond market equivalent to 43 percent of its gross domestic product.     Bonds issued in Hong Kong in 2008 totaled 424.4 billion HK dollars (54.4 billion U.S. dollars), with 67 percent issued by the Hong Kong Foreign Exchange Fund, which was established to defend the Hong Kong dollar peg to the U.S. dollar.     The other 33 percent were accounted for by development banks from outside Hong Kong and corporate bonds issued by local players. There were no sovereign bonds.     Tse said the bond issue will also help improve the liquidity of, and diversify, the local bond market. It will also improve the operation of the RMB bond market in Hong Kong by helping find the benchmark interest rate in the local market.     Tse said the demand for sovereign bonds issued by an economy as strong as the Chinese mainland was huge, given the impact of the global financial crisis on the corporate bond market.     Vice Minister of Finance Li Yong also said he believed the bonds will be well received.     "I believe the RMB sovereign bonds will prove popular with investors looking for safe and prudent investments. I definitely think it will be successful," Li said.

BEIJING, Sept. 14 (Xinhua) -- A seminar was held Monday on the recently-published book of important documents from between April, 1948 and January, 2009 of the Chinese People's Political Consultative Conference (CPPCC), China's political advisory body.     Jia Qinglin, chairman of the CPPCC National Committee, met with participants attending the seminar. Jia Qinglin (R), chairman of the Chinese People's Political Consultative Conference (CPPCC) National Committee, shakes hands with one of the participants attending a seminar in Beijing, capital of China, Sept. 14, 2009. The seminar was held Monday on the recently-published book of important documents from between April,1948 and January, 2009 of the CPPCC, China's political advisory body. This year marks not only the 60th anniversary of the founding of the People's Republic of China but also the establishment of the CPPCC.     The book consists of 142 important documents which are divided into three volumes. Some documents are being made public for the first time. Jia Qinglin (2nd L), chairman of the Chinese People's Political Consultative Conference (CPPCC) National Committee, acquaints himself with the information about the publication and circulation of a book of important documents of the CPPCC in Beijing, capital of China, Sept. 14, 2009"The publishing of the documents will help cadres and people review the great history of Chinese revolution, construction and reform, " said Wang Gang, vice chairman of the CPPCC National Committee, at the seminar.     "It is also significant to help people better understand the important role of the CPPCC and its historical achievements." he said. Wang Gang (C, back row), vice chairman of the Chinese People's Political Consultative Conference (CPPCC) National Committee, attends a seminar in Beijing, capital of China, Sept. 14, 2009. The seminar was held Monday on the recently-published book of important documents from between April,1948 and January, 2009 of the CPPCC, China's political advisory body

URUMQI, July 22 (Xinhua) -- A key expressway in northwest China's Xinjiang Uygur Autonomous Region began construction on Wednesday in a move to improve the region's road network and serve its economic development.     The 135-km expressway will link Kuytun City to Karamay City. The project, funded by the central government and Xinjiang regional government, will cost 3.87 billion yuan (about 567 million U.S. dollars).     The road is bidirectional with four lanes. It will be completed and put into use in November 2011.     Dai Gongxing, vice chairman of the Xinjiang regional government, said at the groundbreaking ceremony in Kuytun that the expressway, also part of the national expressway network, would improve the regional transport and promote local economic development.