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NARA, Japan, April 19 (Xinhua) -- Former Chinese Vice Premier Zeng Peiyan said Monday that China, Japan and South Korea are " mutually complementary in economy and closely linked in trade.""The considerable disparity in their resources, technological levels and labor costs highlights enterprises' comparative advantages and is conducive to transnational investments and trade, " said Zeng in his keynote speech at the fifth session of the Northeast Asia Trilateral Forum."Japan and South Korea are more advanced than China in economic development, and have accumulated much experience in achieving economic transformation, dealing with the relation of development and environment and tackling international trade frictions, from which China could draw lessons and benefit," he said at the one- day forum taking place in the ancient Japanese city of Nara.There thus exists great potential as well as a broad prospect for their future practical cooperation among the three nations, said Zeng.The three need to continuously substantialize the content of their partnership, infuse new elements in their cooperation and improve their communication and coordination from trilateral, regional and global aspect, he said.In his keynote speech, former Japanese Prime Minister Nakasone Yasuhiro said that Japan, China and South Korea should further prompt their cooperation and make their voice more clearly heard on the world stage in a bid to safeguard the stability of Asia as well as that of the world at large.The three need to set as their long-term aim the establishment of a regional cooperative mechanism in areas of East Asia's politics and security, economy and culture, and jointly play a leading role to that end.Former South Korean Prime Minister Lee Hong-koo, for his part, said that faced with problems such as the security and stability of global financial markets, trade liberalization, climate change and the proliferation of nuclear weapons, it draws worldwide attention how the three nations coordinate with each other to adopt a unanimous stance.Zeng arrived here Saturday to attend the fifth session of the Northeast Asia Trilateral Forum that opened earlier Monday.The trilateral gathering drew 29 former high-ranking officials and prominent figures from political, academic and business circles of China, Japan and South Korea.The forum, cosponsored by China's Xinhua News Agency, Japan's Nikkei news group and South Korea's leading daily newspaper JoongAng Ilbo, aims to strengthen non-governmental exchanges among the three nations.The yearly event has been held alternately in the three countries since 2006.
BEIJING, April 15 (Xinhua) -- The goal of China's foreign trade policy in 2010 was to improve its trade balance while maintaining steady export growth, said the Ministry of Commerce (MOC) spokesman Thursday.The country's trade surplus was expected to shrink by another 100 billion U.S. dollars in 2010, said Yao Jian, the MOC spokesman, at a press conference.The statement came less than a week after the country posted its first monthly trade deficit for March in six years, which was valued at 7.24 billion U.S. dollars, according to the General Administration of Customs (GAC) last Saturday.The GAC said the March deficit mainly stemmed from shrinking exports of labor intensive products, surging imports volumes and rising commodity prices, and predicted the country's trade surplus might continue decrease for the rest of the year.Echoing the GAC, Yao said the country's foreign trade was likely to keep heading toward a more balanced state, while some experts predicted China's trade would soon return to surplus."The trade deficit registered in March demonstrated expanding domestic demand accompanied by lukewarm demand in the international market," Yao said."Because such a situation would continue, the monthly trade deficit seen in March would remain, at least in the first half of 2010," he said.The deficit also proved that, in an era of economic globalization, it was market supply and demand, and other factors that decided trade balance rather than exchange rates, said Yao.Yao portrayed the deficit in March as the continuation of a shrinking trade surplus that started to appear in 2008, and also as a result of the central government's macroeconomic policy in balancing the economy.In recent years, China has worked hard to restructure its economy away from excessive dependence on exports and the manufacturing sector, while a whole range of measures have been taken to expand domestic demand.The goal of China's foreign trade policy was to further balance trade while maintaining stable growth in exports, he said.Yao expected the ratio of China's trade surplus to its gross domestic product (GDP) to fall to 3 to 4 percent from last year's 5.7 percent.When an economy's ratio stays between 5 percent and minus 5 percent, its trade can be considered as more or less balanced, said Yao Jian, citing a commonly accepted standard adopted in the economics field.The conclusion coincides with another set of data provided by the GAC chief Sheng Guangzu in an exclusive interview with Xinhua on Wednesday.Sheng said the ratio of China's trade surplus to its total trade volume declined to 2.3 percent in the first quarter this year from more than 10 percent registered between 2006 and 2008."When the ratio is below 10 percent, it means the country's foreign trade can be deemed as balanced," said Sheng citing an international standard.Sheng also said that China never worked towards having a trade surplus and the country was committed to making its foreign trade more balanced.China's trade surplus would continue to shrink as a result of the country's efforts to restructure and balance its foreign trade, he said, echoing the views of Yao.

DONGXIANG, Jiangxi, May 23 (Xinhua) -- At least three people were killed in east China's Jiangxi Province when a passenger train derailed after being hit by landslides at Sunday dawn, railway authorities said.The train, bound for the tourist city of Guilin in south China's Guangxi Zhuang Autonomous Region from Shanghai, derailed at around 2:10 a.m. in Dongxiang county, Fuzhou city in Jiangxi, the Ministry of Railways said in a press release. At least ten passengers were injured.Xinhua reporters who rushed to the scene saw the locomotive, plus eight of the 17 carriages of the train -- coded K859 -- derailed and some even overturned in the mountainous area of Jiangxi. One carriage was twisted and crushed on the other. Rescuers work at the site where a passenger train derailed in Dongxiang County, east China's Jiangxi Province, May 23, 2010. At least three people were killed, 10 more injured in Dongxiang when a passenger train derailed after being hit by landslides at Sunday dawn, authorities said"Each of the train carriages has 118 seats. It is not yet immediately known how many passengers were on board," said a police officer surnamed Luo, who was from the Railway Bureau in Nanchang, Jiangxi provincial capital.He said the bureau has called for all of its four legal medical experts to the accident site to help identify the dead."We are afraid the casualty may soon rise, as four of the derailed train cars were severely deformed in the accident," he said.Xinhua reporters saw rescuers using cutting equipment to open an entrance in order to get into one of the derailed carriage. A locomotive has arrived to help pull up the carriages.A rescue official surnamed Yu said hundreds of armed police, firemen and soldiers are trying to rescue those who remained trapped inside the train.More than a dozen ambulances were parked along the tracks.Rescuers told Xinhua at least 20 injured passengers were saved. Four in serious conditions were rushed to hospital.Trains on the Shanghai-Kunming railway were halted after the accident.Minister of Railways Liu Zhijun has ordered all-out efforts to save lives, to restore the railway transport and to launch a thorough investigation of the cause of the accident. [ Governor of Jiangxi Wu Xinxiong arrived at Dongxiang early Sunday morning to direct the rescue operations.Most parts of Jiangxi, along with neighboring provinces, were drenched by heavy rains in the past few days. Farms were destroyed, low-lying villages and towns flooded, and at least four reservoirs were forced to release fast-rising water.Local authorities said around 1.46 million residents were affected, with 44,600 being evacuated out of dangerous zones.In parts of south China, rainstorms since early May have triggered floods and mud-rock flows, swollen rivers, burst dikes, threatened reservoirs and damaged highways, bridges and power facilities.
BEIJING, April 9 (Xinhua) -- A senior leader of the Communist Party of China (CPC) stressed Friday the role of high technology in cultural development, as the country seeks to reform and innovate to ensure the prosperity of socialist culture."High technology should be the 'new engine' for promoting cultural construction and boosting the country's cultural innovation abilities and influence," Li Changchun, member of the Standing Committee of the Political Bureau of the CPC Central Committee, said at a meeting of publicity officials."We should adhere to advanced socialist culture and stick to the principles of being close to reality, life and the people," he said, urging to keep the balance between social influence and economic returns.He also urged the country's cultural sector to correctly handle the relationship between cultural development and the use of science and technology while fostering new talent with knowledge from multiple fields.
BEIJING, April 1 (Xinhua) -- Chinese President Hu Jintao will attend the Nuclear Security Summit on April 12 and 13 in Washington, Foreign Ministry spokesman Qin Gang said Thursday."China attaches importance to nuclear security, opposes nuclear proliferation and nuclear terrorism, and supports international cooperation," Qin said at a regular press briefing in Beijing.Leaders and representatives from more than 40 countries and some regional and international organizations, such as the European Union and the International Atomic Energy Agency, will take part in the conference."We hope the summit will achieve a consensus by all countries on nuclear security and yield positive results," Qin said.After the meeting, Hu will pay a state visit to Brazil and attend the second summit of the BRIC nations -- Brazil, Russia, India and China -- in Brasilia from April 14 to 17, Qin said.Hu will also pay a state visit to Venezuela on April 17 and 18, and make a working visit to Chile on April 18, Qin said.
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