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TOKYO, July 27 (Xinhua) -- China and Japan on Tuesday conducted the first round of negotiation on the implementation of the principles of consensus concerning the East China Sea issue.Present at the talks were Ning Fukui, director general of the Chinese Foreign Ministry's Boundary and Ocean Affairs Department, and Akitaka Saiki, director general of the Japanese Foreign Ministry's Asian and Oceanian Affairs Bureau, Natural Resources.In a positive, candid and practical atmosphere, the two sides exchanged views on the implementation of the principles of consensus.And the two sides agreed to make concerted efforts to gradually accelerate the process of implementing the principles of consensus through friendly consultations and attain the common goal of turning the East China sea into a sea of "peace, cooperation and friendship."The decision to hold the negotiation was made by Chinese Foreign Minister Yang Jiechi and his Japanese counterpart Okada Katsuya after a meeting on the sidelines of the ASEAN Ministerial Meeting in Hanoi, according to a press release from the Chinese foreign ministry Thursday.

BEIJING, July 24 (Xinhua) - China's economy is unlikely to see a "double dip" in the second half of this year, and the economic growth for the remaining six months is expected to surpass 9 percent, according to a Bank of Communications report released Saturday.China's economic growth will slow down in the next half year, while consumer prices would fall from its peak, said the nation's fifth largest commercial bank in a report on the outlook of China's economy for the second half of 2010"For China, it is never a recession unless the economic growth drops below 7 percent," said Lian Ping, chief economist with the Shanghai-based bank.The growth is sustainable and healthy for the economy as the growth rate stays around 9 percent, he said.China's exports, a major force driving the economic growth, would continue to rebound in the second half, and the growth for the entire year would stay above 20 percent, according to the report.For the latter half of 2010 consumption is to grow by 18.5 percent from a year ago while investment growth will drop steadily to about 21 percent due to government support to the private sector and strategic emerging industries, it said.Increasing labor costs, resources and food prices is expected to push up China's consumer prices, but the growth would be restrained in the second half due to the slowing money supply and eased imported inflationary pressures, it said.China's gross domestic product (GDP) expanded 11.1 percent in the first six months of this year from one year earlier, data from the National Bureau of Statistics (NBS) showed.China's consumer price index stood at 2.6 percent in the first half of 2010, according to the NBS, while retail sales and fixed asset investments grew 18.2 percent and 25 percent year on year, respectively.China would maintain a stable monetary policy for the rest of the year since the global economic condition is still complicated, and an interest rate hike is unlikely to be seen, said the report.The bank estimated that new loans for the entire year would stand between 7 to 8 trillion yuan (1.03 trillion to 1.18 trillion U.S. dollars).The bank also forecasted in the report that the Chinese government would remain tough with the property sector, but there is little possibility for additional curbs on the market. Property investment would largely fall, but there will not be a significant decline in property prices.Lian suggested that the Chinese government pay attention to the possible cumulative effect of policies on the economy and keep market liquidity at a reasonable level.

PARIS, July 9 (Xinhua) -- China Changan Auto Group Corporation (CCAG) and French leading carmaker PSA Peugeot Citroen signed a contract Friday here on the creation of an equally owned joint venture in China.The contract was signed by Xu Bin, president of China South Industries Group Corporation, Changan's main shareholder, and Philippe Varin, chairman of the French part's Managing Board, at a ceremony attended by Wu Bangguo, chairman of the Standing Committee of the National People's Congress, Bernard Accoyer, president of the National Assembly of France.Their initial cooperation will focus on introducing the Citroen DS line in China and launching a dedicated new brand for the venture, the two companies said in a joint statement.The contract also allows for the joint venture to market, at a later date, further vehicles under the partners' other brands, Peugeot and Changan, they said.Based in Shenzhen, southeast of China, the joint venture will have initial annual production capacity of 200,000 vehicles and engines, which will meet the highest environmental standards. The contract also outlined two production lines, a specific range of vehicles by each side and a research and development center.The new joint venture will be capitalized at RMB 4 billion yuan (590 million U.S. dollars), to be shared equally by the two partners, and backed by an initial investment of RMB 8.4 billion yuan (1.24 billion dollars).The first vehicle is scheduled to be launched in second-half 2012, provided the joint venture is finally approved by the relevant authorities, the statement concluded.

BEIJING, June 10 (Xinhua) -- China's exports surged by 48.5 percent year on year in May, while the imports climbed 48.3 percent, the General Administration of Customs (GAC) announced Thursday.The growth rate for exports was 18.1 percentage points up from the figure for April, and the import growth rate dipped slightly from 49.7 percent reported in April.Exports totalled 131.76 billion U.S. dollars in May, said a statement on the GAS website, adding imports topped 112.23 billion U.S. dollars.Total foreign trade value rose 48.4 percent from a year earlier to 243.99 billion U.S. dollars in May. The figure was even 10.2 percent higher than May 2008 before the global financial crisis began, the statement said. Photo taken on June 8, 2010 shows the colossal chemicals-transport ship of Attilio Ievoli, which is manufactured by the Rushan Shipbuilding Co., Ltd. for export to Italy, taking water at its launching ceremony, at Rushan, east China's Shandong Province. Exports were up 9.2 percent from May in 2008 and imports grew 11.4 percent.From January to May, the total value of foreign trade rose 44 percent year on year to 1.1 trillion U.S. dollars.Exports were up 33.2 percent to 567.74 billion U.S. dollars and imports rose 57.5 percent to 532.35 billion U.S. dollars, said the statement.The trade surplus fell 59.9 percent to 35.39 billion U.S. dollars in the first five months.