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CANBERRA, May 13 (Xinhua) -- Australian Prime Minister Kevin Rudd met with visiting General Guo Boxiong, vice-chairman of China 's Central Military Commission, later on Thursday.In the meeting, Rudd praised China's reforms and opening up which massively upheaved its economy and the society, and said the achievements are unparalleled in the world.Rudd said the Australian government places importance in Sino- Australian relations. In recent years, there has been a very good political climate given the strengthened economic cooperation and closer exchanges between the peoples. He said today more and more people from China travel to and study in Australia which effectively promoted the understanding and friendship between the peoples.Rudd said Australia hopes to further strengthen dialogue and exchanges, enhance mutual understanding and trust to establish a " sworn friend" (zheng you) relations with China. He also hopes to see the defense and military relations between the two countries will further develop, adding that Australia is very optimistic in future Australia-China relations.Guo said although China and Australia are far apart, the two peoples have friendly relations. In recent years, such bilateral relations were maintained in a sound trend in general as there have been frequent diplomatic visits, and economic and trade cooperation continue to expand. Particularly, although both have gone through the financial crisis, the two countries' volume of trade is actually rising, instead of falling.He said continual development of Sino-Australian friendly relations and cooperation help increasing mutual understanding and trust, expand consensus and cooperation, which not only accords to the interests of the two peoples but also benefits to safeguard the peace and stability in the Asia-Pacific region.He said China places great importance in developing relations with the Australian military and is willing to make joint efforts with Australia to carry out multi-level, broad areas of pragmatic communication and cooperation that will enhance the military relations to a higher level.Guo arrived on Tuesday in Australia for an official visit. Since arrival, he held talks with Australian Defense Minister John Faulkner and met with Australian Foreign Minister Stephen Smith. He also visited related Australian Army forces and the Australian Defense College.

GUANGZHOU, April 18 (Xinhua) -- China's trade volume will reach 5.3 trillion U.S. dollars by the year 2020, Li Gang, a researcher at the Chinese Academy of International Trade and Economic Cooperation under the Ministry of Commerce, said Sunday.Li made the remakes at the ongoing 107th China Import and Export Fair, the country's largest trade fair, held in the southern city of Guangzhou.According to Li, China's merchandise imports and exports will hit 4.3 trillion U.S. dollars in 2020.Merchandise exports will top other countries and be 2.4 trillion U.S. dollars in 2020, 10.1 percent of the world total.Imports will reach 1.9 trillion U.S. dollars and rank second largest, accounting for 8.2 percent of the world total.Weighed down by the global financial crisis, the nation's foreign trade recorded a 13.9 percent year-on-year decline to 2.2 trillion U.S. dollars in 2009, with merchandise exports of 1.2 trillion U.S. dollars and imports of 1 trillion U.S. dollars.In the first quarter, foreign trade began to grow again, jumping 44.1 percent to 617.85 billion U.S. dollars, according to customs data.

BEIJING, May 4 (Xinhua) -- Premier Wen Jiabao on Tuesday told youths to aim high and make concrete efforts to achieve their goals as he spent this year's Youth Day with students from the prestigious Peking University.Wen arrived at the campus Tuesday morning while various clubs and societies, ranging from mountain climbing, astronomy, career development to charity, were holding shows and performances to mark the day.At the calligraphy and painting society section, a philosophy student named Li Danlin gave Premier Wen her calligraphy work of four characters: yang wang xing kong (look up to the starry sky), which is the title of a widely-known Chinese poem written by Wen to encourage young people to aim high and pursue their goals fearlessly. Chinese Premier Wen Jiabao (2nd R, Front) talks with students in the library at Peking University in Beijing, capital of China, May 4, 2010. Wen spent the Chinese Youth Day with students of Peking University here on Tuesday. Wen added another four characters to the work: jiao ta shi di, which means be earnest and down-to-earth.This year's May 4 marks the 91th anniversary of the "May Fourth Movement," an important cultural and political movement in Chinese history that fought imperialism and promoted democracy and science.

BEIJING, March 31 -- The appointment of three new academic members to the central bank's monetary policy committee on Monday reflects the increasing inclusiveness of monetary policymaking, but may not have any apparent bearing on the timing of an interest rate hike, analysts said.The People's Bank of China (PBOC) said three Chinese economists - Xia Bin, Li Daokui and Zhou Qiren - will replace Fan Gang, the only academic member of the committee, which advises on major monetary issues."Adding two more academics to the monetary policy committee is a welcome change," said Wang Tao, head of China economic research at UBS Securities. "I hope this helps to increase healthy debate within the committee, and increase the independence of monetary policy.""The appointment of three academic members this time - instead of one - indicates the increasing importance of academic voices in monetary policymaking and the three, with different backgrounds, are expected to complement each other to add to the inclusiveness of the panel," said Sun Lijian, an economist with Fudan University. It would make the country's monetary decision-making more rational, he said.Going by their recent comments on inflation, with Li saying that China could precede the United States in raising the rates and Zhou urging a timely and firm exit from stimulus policies, it is speculated that their appointment may signal chances of an earlier rate hike.Zhou said in a February speech that it was high time that China exited from the stimulus measures. "Given the past experiences, the stimulus through expanding money supply and debt only has a short-term effect," he said in the speech.One of the side effects of the stimulus is rising inflation. "The price of the stimulus policies is mainly the adverse effect of the large-scale release of money on the overall market price situation," he said. "We have seen it on the market."Li said early this month once China's consumer price index (CPI), a major measure of inflation, rises 3 percent, the country is set to increase the rates. China's CPI rose by 2.7 percent year-on-year in February.He also said on Monday that China may suffer from exported inflation from developed economies as their continued relaxed monetary policy would lead to surging raw material prices and large-scale capital flowing into the emerging economies, including China.Meanwhile, China should keep itself alert against possible price rises due to weather changes, such as the recent severe drought in southwestern regions.Xia Bin said on Monday that three factors should be taken into account when deciding on whether to raise the interest rates. It should be considered if real negative deposit interest rates occurred. But if inflationary expectations are not strong, the hike would be inappropriate. Moreover, China should not move ahead of the US since it would bring in speculative capital.China's benchmark one-year deposit rate stands at 2.25 percent.Dong Xian'an, chief macroeconomic analyst of Industrial Securities, said economic fundamentals should be the paramount determinant in interest rate related policymaking and the appointment of a new monetary policymaking panel would not have any substantial bearing on the timing of the possible hike.The month-on-month CPI figure is a crucial factor and as it continues to rise, the hike may come in the second quarter of this year, he said.

BEIJING, March 31 (Xinhua) -- China's State Council, the cabinet, has said innovation in science and technology will improve the nation's competitiveness in the world stage.Scientific and technological innovation could solve major scientific and technical issues that concerned the country's overall situation and long-term development, said a statement released after a regular meeting of the State Council Wednesday.During the meeting, an official from the Chinese Academy of Sciences (CAS) delivered a report on the implementation of the "Knowledge Innovation Program" (KIP), which aims to make the academy a world-leading base for scientific research.The program was initiated in 1998 and scheduled to finish in 2010.The government would extend the KIP from 2011 to 2020, the meeting was told.The State Council called for deeper reform of research institutes and improved rewards and restrictions to encourage competition among scientists and researchers and to foster talent.The government planned to develop education programs that were closely related to the innovation drive and strengthen international cooperation, said the statement.Premier Wen Jiabao presided over the meeting.

来源：资阳报