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WASHINGTON, March 24 (Xinhua) -- China and U.S. economic and trade frictions should be handled appropriately to advance the healthy and steady development of the bilateral economic and trade ties, a senior Chinese trade official said on Wednesday."For the moment, the biggest challenge facing the China-U.S. economic and trade relationship is trade protectionism and the politicizing of our economic and trade issues," Chinese Vice Commerce Minister Zhong Shan told reporters at Embassy of China in Washington. "We hope that China and the U.S. can treat each other as partners instead of rivals."Zhong said China is against the tendency to politicize bilateral economic and trade issues.Under the pressure of the election year and high unemployment rate, some U.S. senators last week proposed a legislation to press China to appreciate its currency.The bill requires the U.S. Treasury Department to identify countries with "fundamentally misaligned currencies" and asks the Commerce Department to investigate currency undervaluation as a " countervailable subsidy."Meanwhile, 130 U.S. congressmen wrote to the government, demanding the Obama administration take actions to appreciate the RMB against the dollar."The RMB exchange rate is not the root cause for U.S. trade deficit with China or key to U.S. unemployment," Zhong said.He said that the economic structures of the two countries are highly complementary. To force an appreciation in the RMB cannot resolve U.S. deficit or unemployment.Zhong noted that given the large scale, broad scope and rapid development of the China-U.S. bilateral economic and trade cooperation, frictions and problems are inevitable."As long as the two sides stick to a strategic and long-term approach to our economic and trade ties and appropriately handle trade frictions through communication and consultation, we can find common grounds and shelf differences and constantly further the bilateral economic and trade relations."

SINGAPORE, Feb. 16 (Xinhua) -- Singapore's Senior Minister Goh Chok Tong said on Tuesday that China will become even more important globally and Singapore must find opportunities to ride on China's growth.Speaking at the Business China spring reception on Tuesday night, Goh said that China has over the past year weathered the global economic downturn with exceptional resilience.Despite shrinking external demand and rising unemployment, China's timely and bold policy responses have enabled its economy to grow at a sizzling 8.7 percent last year, he said, adding that China is now reinforcing its role as the engine for growth in Asia, if not the world.Goh said that the city state recognized China's potential early, soon after China began to open up its economy in 1978.Because of the early efforts made by the Singapore government and Singaporeans, China is today the city state's third largest trading partner and top investment destination, Goh said.As for riding on China's growth, Goh said that the Singapore government will help its companies gain an even stronger foothold in China, and continue to catalyze business opportunities in China.The seven provincial-level business councils, as well as other high-level dialogues and platforms, help open opportunities for companies, reinforce the Singapore brand name and increase its mindshare in China, Goh said.

RAMALLAH, March 23 (Xinhua) -- Visiting Chinese Vice Premier Hui Liangyu met with Palestinian Prime Minister Salam Fayyad here on Tuesday.Hui at first conveyed greetings of Chinese Premier Wen Jiabao to Fayyad, saying the Palestinians and China are good friends and brothers with mutual respect and mutual trust.The traditional friendship between the two sides have been consolidated over the past more than 40 years and the friendly cooperation has seen profound development, Hui said, adding that China is ready to join hands with the Palestinians to enhance the friendly bilateral political ties, strengthen economic and trade cooperation and expand cultural exchanges.Chinese Vice Premier Hui Liangyu (L) shakes hands with Palestinian National Authority (PNA) Prime Minister Salam Fayyad in the West Bank City of Ramallah, March 23, 2010. Fayyad hailed the traditional friendship between the governments and the peoples of both countries. He also expressed gratitude over China's consistent support of the justice cause of the Palestinian people for their national rights.The two sides exchanged views mainly on improving agricultural cooperation. They both agreed to open the gate for Chinese- Palestinian agricultural cooperation in the fields of grain planting, fruit growing and stock raising. Fayyad also wished success to the 2010 Shanghai Expo.The two sides also exchanged their views on the Middle East issues. Hui reaffirmed the Chinese government's position on the those issues, saying the Chinese government and people deeply sympathize with the experience of the Palestinian people.Hui also said the Chinese side holds that all concerned parties in the Middle East should solve their disputes through peaceful negotiations under relevant UN resolutions and according to the principles of land for peace and the Arab peace initiative, to reach an overall, just and lasting solution of the Middle East issue and realize peaceful coexistence of two independent nations.Following their talks, Hui and Fayyad attended the signing ceremony of the agricultural cooperation deal between the two countries.Hui also meet with Secretary General of the Palestinian National Authority (PNA) Tayeb Abdul Rahim, and placed a wreath at the tomb of the late Palestinian leader Yasser Arafat. Palestinian President Mahmoud Abbas, who is on a visit to Jordan, also had friendly talks with Hui through telephone

CANBERRA, Feb. 6 (Xinhua) -- Queensland mining magnate Clive Palmer said Saturday his company has secured Australia's largest coal export deal with China.The Resourcehouse chairman said the company had reached a 20-year agreement with one of China's largest power companies, China Power International Development, the flagship company of China Power Investment Corporation (CPI)."This deal with CPI is Australia's biggest ever export contract," Palmer said in a statement."This is Australia's largest single, non-syndicated, finance deal and the interest from China highlights the strength of the project and the benefits for Queensland and Australia in developing a new world class coal region such as the Galilee Basin," he told reporters."There will be four underground mines and two open cut mines," he said.Meanwhile, Queensland Premier Anna Bligh said there was some environmental red tape to negotiate before the project was approved but she did not expect any last-minute problems."It is world demand which is making it a commercial opportunity," Bligh said.More than 100 million additional tons of coal could be exported every year from Queensland because of new projects under consideration by the state government.

BEIJING, March 6 (Xinhua) -- "Transformation of the economic growth pattern" has become a key word on the agenda of the annual sessions of China's parliament and top advisory body as the country aims at complete recovery from the global financial crisis and seeks sustained growth.Following are quotes from some Chinese leaders that underscore the transformation. The leaders joined deputies to the National People's Congress (NPC) Saturday to deliberate Premier Wen Jiabao's government work report.-- The bottleneck that stagnates the transformation of the economic growth pattern lies in an imperfect institutional mechanism. Reforms in key areas and sectors should be quickened to strengthen the impetus for economic growth and provide institutional guarantee for the transformation, said Vice Premier Li Keqiang in his discussion with NPC deputies from Liaoning Province.-- Deepening reform and expanding opening-up offer fundamental impetus for shaping a competitive modern industry system, said He Guoqiang, member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, in his discussion with NPC deputies from central Hunan Province.-- The transformation means a profound change in the economic sector, and it is currently, and will be in a long run, a major economic task of the nation, said Zhou Yongkang, member of the Standing Committee of the Political Bureau of the CPC Central Committee, in his discussion with NPC deputies from Heilongjiang Province.-- Cultural programs and cultural industry play an important role in enlightening the nation, and their development should be taken as an important approach to the transformation, said Li Changchun, member of the Standing Committee of the Political Bureau of the CPC Central Committee, in his discussion with NPC deputies from northwestern Shaanxi Province.