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BEIJING, Nov. 24 (Xinhua) -- China would like to work with other governments and international organizations to assure positive results at the upcoming Cancun climate change conference, Chinese Vice Premier Li Keqiang said Wednesday.Li made the remarks during the China International Green Industry Expo 2010, which was scheduled to run from Wednesday to Saturday in Beijing."With an open and constructive attitude, China will promote international cooperation in green industry and combat climate change, as well as push forward trade, investment, technology cooperation and transfer," Li said.Chinese Vice Premier Li Keqiang (L front) views an exhibit as he visits the China International Green Industry Expo 2010 (CIGIE) in Beijing, capital of China, Nov. 24, 2010. The expo kicked off here on Wednesday.He also said that China would continue importing advanced international technologies and equipment in the fields and share market opportunities to provide mutual benefits.The development of green economy and green industry would rely on technological and institutional innovation. "Enterprises should speed up technological progress and focus on making breakthroughs in key technologies and promote industrialization, commercialization and mass production of these technologies," noted Li.The four-day expo has attracted more than 200 enterprises from 25 countries and regions. It is designed as a platform for enterprises to exchange information and display their latest achievements in areas such as energy savings, emission reductions and the recycling-based economy.

BEIJING, Dec. 22 (Xinhua) -- China unveiled a new asset-management company that aims to restructure and merge small, uncompetitive state-owned enterprises (SOEs) on Wednesday.The new firm, China Reform Holdings Corporation Ltd., will focus on "reorganizing small-sized SOEs which do not affect national security and are not crucial to the national economy," the State-owned Assets Supervision and Administration Commission (SASAC), the SOE watchdog, said in a statement.The first-phase registered capital of the new company, which is wholly owned by SASAC, is 4.5 billion yuan (681 million U.S. dollars). SASAC has not yet revealed which companies will be involved in the reshuffling.Xie Qihua, former chairman of the Baosteel Group Corporation, China's largest steel maker, has been appointed board chairman of the new company.Liu Dongsheng, an SASAC official, will act as general manager, it said."The launch of the new company marks an important move to optimize the relocation of state economic resources and to give state capital more vitality, control and impact on key sectors," Wang Yong, deputy director of SASAC, said at the launching ceremony.He noted because the assets of the reshuffled companies took up a considerable amount of the entire state assets, the restructuring plays an active role in improving asset quality.According to SASAC' s plan, the company will participate in the share-holding reform of the reshuffled enterprises, and will also invest in emerging industries with strategic importance.Also at the launching ceremony, Wang stressed that the company is an asset management company rather than an investment group, ending rumors that it will become China's second sovereign fund after the China Investment Corporation (CIC).He noted the new company's mission is explorative and challenging, which needs to deal with it in a proactive and cautious way.In order to enhance the state company's efficiency and competitiveness, SASAC cut the number of SOEs under its direct control from 196 to 122 over the last seven years. They are expected to be further consolidated into around 100 by the end of 2010, according to SASAC plans.However, SASAC officials said it remains difficult to meet the target in time."It takes time to meet the goal," said Shao Ning, deputy director of SASAC. He added that the restructuring should take place when the time is right, and should give priority to "quality" and "good results" to ensure stability of the enterprises.In order to help the uncompetitive companies withdraw from the market in a stable manner, SASAC promised to offer support for the employers in those companies.Zhou Fangsheng, an expert on SOE issues, said it is good news for the uncompetitive SOEs to be merged into the new company with their debt relieved.But it is still quite explorative, he added.The new company is the third oversight asset management company by SASAC, besides the China Chengtong Group and the State Development & Investment Corp.Shao Ning told Xinhua that the previous two companies have their own business scope, besides dealing with non-performing assets. But the new company will only focus on asset management.Profits of China' s SOEs rose by 43 percent year on year to hit 1.81 trillion yuan (271.92 billion U.S. dollars) in the first 11 months, according to the figures released by the Ministry of Finance on Dec. 17.However, profits were concentrated in a small number of companies, such as oil producers and refiners, telecom operators and power companies which enjoy monopolies and easy bank loans.Companies in the traditional sectors, such as textiles and light industries, reported meager profits.A stronger presence of the monopolistic SOEs aroused complaints by the nation's private businesses, which had no easy access to bank credit but provided more than 80 percent of the job opportunities in the nation.China's SOEs include SOEs directly controlled by the central government and SOEs supervised by local governments, but excludes state-owned financial enterprises.

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."

WASHINGTON, Jan. 15 (Xinhua) -- Chinese President Hu Jintao's upcoming visit to the United States is vital to pushing forward bilateral ties, Chinese Ambassador to the United States Zhang Yesui said Saturday.In an interview with Chinese journalists in Washington, Zhang said this year marks the 40th anniversary of the rapprochement between the two countries as well as the beginning of the second decade of the 21st century.Zhang noted that China-U.S. relationship is at a critical period, with two countries making strides in vigorously developing cooperation in various areas, while new challenges arise. At such a time, the visit of President Hu next week will be especially meaningful in pushing forward bilateral ties in the new era.China-U.S. relations have maintained general stability and achieved marked progress since the establishment of diplomatic ties, which has become one of the most important bilateral relations in the world, he said.The two countries have conducted constant communication and dialogues, maintained close economic and trade relations, witnessed frequent exchanges of personnel and enjoyed a wide range of cooperation fields. The two countries have far more common interests than disagreements, dialogue and cooperation is always the defining feature of this relationship, he added.Zhang said China and the United States have different domestic environment, social systems as well as historic and cultural identities. They are also at different stages of development. It is normal for the two sides to have different views and even divisions in certain issues.What is important is to take into account and respect each other's core interests and major concerns, and resolve differences through dialogue and negotiations, he saidAmid deepened globalization with more pressing global challenges,Zhang said, China-U.S. ties needed to be viewed in a new perspective. China-U.S. relationship is not a zero-sum game. As long as the two sides work together, enhance dialogue, increase mutual trust and widen cooperation, they can create a win-win situation.He stressed that a stable and developing China-U.S. relationship benefits not only the two peoples, but also contributes to peace, stability and development of the Asia-Pacific region and the world at large. President Hu's visit will give great impetus to the development of China-U.S. relations at a higher level.