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WASHINGTON, June 23 (Xinhua) -- China represents a huge opportunity for American businesses, and the relationship between the two countries should not be portrayed as a zero sum game, Commerce Secretary Gary Locke said on Wednesday."There are so many opportunities for trade to benefit both China and the United States," Locke said at a Senate Finance Committee hearing."I have seen those benefits first hand over the last 20 years, as Commerce Secretary, as an attorney in private practice, and as the governor of Washington State, where I helped double exports to China during my tenure."According to Locke, thanks to strong Chinese demand growth and recovery in prices of agricultural products, now the U.S. exports to China are growing faster than overall U.S. exports."We should neither underestimate the importance of the China market nor the potential it holds for American exporters who tap into it."During the same hearing, Ron Kirk, the U.S. trade representative, also hailed the opportunities provided by the China's growing economy."Thanks to China's strong recovery from the global recession, we have seen double digit growth in a variety of export sectors, ranging from high-end manufactured goods and chemical products to agricultural goods like soybeans," said Kirk.

TASHKENT, June 11 (Xinhua) -- The Shanghai Cooperation Organization (SCO) 10th annual summit ended here Friday with a declaration pledging to build an effective and open multilateral organization dedicated to regional peace, stability and prosperity.REGIONAL PEACE, STABILITY, PROSPERITYParticipants from the six SCO member countries -- China, Russia, Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan -- discussed key regional and global issues at the gathering.The declaration pledged to strengthen mutual support on issues relating to each other's core interests, boost cooperation in the combat against terrorism, separatism and extremism and other destabilizing factors, enhance cooperation in overcoming the aftermath of the global financial crisis and develop infrastructure in the region.The SCO had developed into a highly efficient and open multilateral organization and was an important factor in international and regional security and cooperation structures, the declaration said.The organization will stick to its practice of shunning ideological means, cliquing or confrontation in efforts to settle major problems emerging in the process of international and regional development.

GUANLING, Guizhou, July 1 (Xinhua) -- The death toll from a rain-triggered landslide in southwest China's Guizhou Province had risen to 13 after rescuers recovered another two bodies Thursday night, rescue headquarters said.Some 2,000 people continued the rescue operation, but the chance of survival for the other 86 villagers was slim after being buried under mud for three days, rescuers said.More bodies are expected to be found as rescuers comb the ruins."It is almost impossible for any of the trapped to be alive now. We are doing our utmost to retrieve the bodies. We hope that will bring closure for the bereaved families," said Li Jigao, a rescuer.Rescuers carry bundles of parcels for local villagers at the landslide ruins, in Dazhai Village, Gangwu Township, of Guanling Bouyei & Miao Autonomous County, southwest China's Guizhou Province, June 29, 2010.The landslide struck 37 homes in Dazhai Village, Gangwu Township of Guanling County, at 2:30 p.m. Monday.Some migrant workers have returned home after hearing their relatives were missing. A young woman in her twenties blacked out Thursday morning after seeing some clothing being dug out of the debris, said Liu Shisheng, an armed police officer."My grandfather is still buried there," said Huang Jiping, a senior student from Guizhou Normal University. He rushed home after hearing the tragedy.Despite the grief, he is helping children to resume classes as a "temporary teacher"."I major in education, and I think I can help," he said.More than 80 students resumed their classes in make-shift tents Thursday."In the first two days we were looking for survivors with life detectors and sniffer dogs. Today the priority has shifted to retrieving bodies," said rescuer Fan Wenjian.The landslide lasted for two minutes, and there was no warning.It would have been very difficult for the villagers to escape, said an official with the Guizhou Provincial Work Safety Bureau."The sound was much like thunder. When I looked back, the whole village had disappeared," said survivor Zhang Jin.The landslide consisted of about 1.5 to 2 million cubic meters of mud, and it was unstable and likely to trigger additional landslides, said Yin Yueping, a researcher with the Ministry of Land and Resources.At least 1,000 villagers living in the area have been evacuated.Torrential rains have been ravaging south China over the past two months. A once-in-three-century rainstorm was seen in Lingyun County of Guizhou's neighboring Guangxi Zhuang Autonomous Region from Sunday to Tuesday, and residents have to go outdoors by boat."It will take more than 10 days for the flood to wane because of the geological structure here," said Zhou Lixin, secretary of Lingyun's Luolou Town Committee of the Communist Party of China.Heavy rainstorms also hit east China's Shandong Province and northwest China's Qinghai Province. Flood water blocked the rail transport in Shandong for two hours, affecting 22 trains, Thursday.Local meteorological bureaus said heavy rains would continue to pound Shandong and some area of Qinghai Province.

BEIJING, July 2 (Xinhua) -- China and Vietnam agreed Thursday to properly deal with the maritime territorial issues in the South China Sea.This is one of the five consensus decisions made at the fourth meeting of the China-Vietnam steering committee on cooperation, which was co-chaired by Chinese State Councilor Dai Bingguo and Vietnamese Deputy Prime Minister and Foreign Minister Pham Gia Khiem.China and Vietnam signed a package of agreements on the demarcation of their 1,300-kilometer land boundary last November. During the signing ceremony, the two nations agreed to begin discussions to formulate the guidelines to solve the sea issues.Khiem reaffirmed Thursday that Vietnam was willing to work with China to properly handle the sea issues in light of the overall situation of bilateral relations and the friendship between the two peoples, as well as the need to maintain stability.During the meeting, China and Vietnam also agreed to further increase political exchanges, deepen economic and trade cooperation, strengthen cultural exchanges as well as enhance coordination on major international and regional issues.Citing that this year marks the 60th anniversary of the establishment of China-Vietnam diplomatic ties and the China-Vietnam Friendship Year, Dai said the bilateral relations were at a crucial period of inheriting the past and forging ahead into the future.The 60-year history of bilateral relations prove that developing China-Vietnam friendship is in the fundamental interests of the two countries and the two peoples, said Dai, adding it is also conducive to the peace and prosperity of the region.He said that since the third meeting of the China-Vietnam steering committee on cooperation last year, the pragmatic cooperation between the two countries had achieved new progress.He mentioned growing political exchanges, productive mutual beneficial cooperation, dynamic cultural exchanges, progress in dealing with boundary issues, and closer coordination and mutual support on major international and regional issues.Dai stressed that, in light of the future development of bilateral relations, the two sides should always bear in mind the general situation and take a long-term perspective while maintaining good neighborly friendship.He further called on the two sides to learn from each other so as to achieve common development, and to increase mutual trust and understanding to appropriately cope with problems through friendly negotiations.China is ready to work with Vietnam to steer the development of bilateral relations from a strategic height and use the China-Vietnam steering committee on cooperation as a platform to push forward the bilateral comprehensive strategic cooperative partnership, said Dai.Khiem said it was the firm position of the Vietnamese party and government to continuously enhance the Vietnam-China comprehensive strategic cooperative partnership, which was also the priority of Vietnam's foreign relations.Vietnam always remembers China's support and help for its revolution and construction and is committed to developing a long-lasting friendship with China, he stressed, adding Vietnam was willing to work with China to enhance cooperation in various areas.

BEIJING, June 21 (Xinhua) -- China's announcement that it would allow more flexibility in its yuan exchange rate meant an end to the crisis-mode policy the government took to cushion the blow from the global financial crisis, experts interviewed by Xinhua said Monday.The People's Bank of China, also known as the central bank, said Saturday that it decided to proceed even further with the reform of the Renminbi exchange rate to add flexibility to the RMB exchange rate.The decision was made in view of the recent economic situation and financial market developments at home and abroad, as well as due to the balance of payments situation in China, the central bank said. However, it ruled out a one-off revaluation of the yuan as there was no basis for large changes in its value.Experts noted it was the correct time for the exchange rate policy to return to its normal state, given the consolidated economic recovery, large decline in trade surplus and more balanced international payments.Zhao Xijun, deputy dean of the School of Finance with the Renmin University of China, said the normalization of China's exchange rate policy would intensify China's economic connection to the global economy and help promote the country's economic restructuring and adjustments of its development mode.China moved to a managed floating exchange rate regime in July 2005 which was based on market supply and demand and referencing a basket of currencies. The reform of the RMB exchange rate has made continuous progress since then, producing the anticipated results and playing a positive role.The financial crisis which broke out in the United States in 2008 shook the global financial markets and dented investment confidence. To counter fallout from the economic turmoil, nations rolled out their crisis-mode measures.Zhou Xiaochuan, governor of the central bank, said in March that the exchange rate policy China took amid the crisis was part of the government's stimulus packages, and would exit "sooner or later" along with other crisis-measures.China's economy expanded at 11.9 percent year on year in the first quarter of this year and exports surged 48.5 percent in May, government data showed.Zhao said China narrowed fluctuation of the RMB exchange rate to stabilize market sentiment and stimulate economic growth amid crisis, which was in the interests of China and contributed to the country's economic recovery.During the worst of the global crisis, exchange rates of a number of sovereign currencies to the U.S. dollar depreciated by large margins while the yuan kept stable. Against these depreciating currencies, the value of the yuan has been rising."Undoubtedly, it improved the trade environment for these countries and helped them through hard times," Zhao said, noting the policy contributed significantly to the Asian and global recovery."Narrowing the fluctuation of the yuan's value was the best exchange rate policy China could take during the crisis period, which gave export businesses a stable expectation of the yuan's value and reduced costs caused by a volatile currency," said Xiang Songzuo, Deputy Director of the Center for International Monetary Research at Renmin University of China.The central bank's move also intended to increase competitiveness of export businesses and accelerate economic restructuring.Zhao said when the RMB exchange rate regime becomes more market-oriented, China's export businesses should take more responsibilities and become more self-reliant.The central bank said Sunday that the management and adjustment of the yuan exchange rate would occur gradually, which was necessary to give export businesses time to adjust their business structures and create more jobs in the service sector.Cao Honghui, senior researcher with the Institute of Finance and Banking under the Chinese Academy of Social Sciences, said the further proceeding meant China would rely more on domestic demands for economic growth, which would push forward adjustments of the global economic structure.The central parity of the Renminbi against the U.S. dollar remained at 6.8275 Monday, unchanged from the previous trading day, according to the China foreign Exchange Trading System.