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BEIJING, Oct. 24 (Xinhua) -- China has a total number of 2,971 company groups by the end of 2008 and their combined assets rose 19.7 percent from the previous year to more than 40 trillion yuan (5.86 trillion U.S. dollars), the China Industrial Information Issuing Center said Saturday.     Corporate management of these company groups is improving, according to the center.     Affected by the global financial crisis and economic slowdown, profit of these company groups decreased by 22.5 percent in 2008 year on year, the first annual drop since 1997, said the center without giving specific figures.

BEIJING, Oct. 30 (Xinhua) -- China's central government launched 20 venture capital funds with seven local governments on Friday to provide investment in the country's high-tech sectors, the top economic planner said in a statement on its web site.     The investment would go to high-tech sectors including the electronic and information sector, biological and pharmaceutical industry, new energy sector and projects related to energy conservation and environmental protection, the National Development and Reform Commission (NDRC) said.     The 20 funds would collect about nine billion yuan (1.31 billion U.S. dollars), of which, one billion yuan was invested by the central government, 1.2 billion yuan by local governments and the rest from private investment, the NDRC said.     The funds were aimed to direct capital into new industries and competitive high-tech enterprises to push forward self-innovation, it said.     The NDRC and the Ministry of Finance signed the agreement with 7 local governments of Beijing, Jilin, Shanghai, Anhui, Hunan, Chongqing and Shenzhen.

BEIJING, Nov. 17 (Xinhua) -- Chinese President Hu Jintao is to meet his U.S. counterpart President Barack Obama Tuesday morning at the Great Hall of the People in Beijing.     The summit meeting is scheduled to be held at 10:40 a.m. after a grand welcoming ceremony. The two leaders will meet the press after the talks.     Wu Bangguo, chairman of the National People's Congress Standing Committee, will meet President Obama Tuesday afternoon.     President Obama will also visit the Palace Museum, or the Forbidden City, and attend a state banquet in his honor hosted by President Hu.

BEIJING, Nov. 17 (Xinhua) -- Chinese President Hu Jintao made five proposals on promoting Sino-U.S. relations and tackling delicate issues of common concern while meeting with visiting U.S. President Barack Obama in Beijing Tuesday.     Obama, who is in Beijing for a four-day state visit to China, agreed with Hu on the proposals, reiterating that the United States does not seek to contain China's rise and that he welcomes China as a "strong, prosperous and successful member of the community of nations."     FURTHER STRATEGIC MUTUAL TRUST     Hu called on the two countries to continue to increase strategic mutual trust with prerequisite of respect for each other's core interests and major concerns.     He hailed Obama's statement that the United States sticks to the one-China policy and hoped that the United States would "properly handle" the Taiwan issue and forbid "Tibet independence" and "East Turkistan" forces from using U.S. territory to cover their anti-China separatist activities.     In Hu's words, China and the United States should not be opponents, but partners that trust each other and cooperate sincerely.     "The development of China is an opportunity for all nations, including the United States," Hu said. "It is not a challenge, let alone a threat."     MAINTAIN EXCHANGES AT ALL LEVELS     Hu said China and the United States should maintain different levels of communication and consultation on major issues in a timely manner through different channels, including exchange of visits, talks and meetings on multilateral occasions.     The two countries should further substantiate the results of the first round of Sino-U.S. Strategic Economic Dialogue and start soon to prepare for the second round of talks in Beijing next summer, Hu said, calling the dialogue an important platform to enhance exchanges and cooperation between the two countries.     STEP UP MACRO CONTROL     It is "necessary" for China and the United States to step up cooperation on coordinating macro economic and financial policies, pushing forward reforms in the international financial system and improving global economic governance structure, Hu said.     He also raised the issue of trade frictions, voicing hope that the United States would loosen restrictions on its export of hi-tech products to China as soon as possible, while recognizing China's market economy status and facilitating expansion of trade and investment cooperation.     "Under the current circumstances," Hu said, "the two countries should more resolutely oppose and resist trade protectionism in any form."     ADVANCE EXCHANGES, COOPERATION IN VARIOUS AREAS     The other areas proposed by Hu for further cooperation between China and the United States include infrastructure, climate change and clean energy, and exchange of students.     He said China is willing to work with the United States on space exploration and construction of high-speed railways.     The two sides should take the launch of the joint clean energy research center as a turning point and deepen cooperation on energy saving, emissions reduction, renewable energy and treatment of environmental pollution, Hu said.     China is also willing to increase counter-terrorism cooperation with the United Stats on a basis of mutual benefit and hold dialogues with the United States on issues of human rights and religions based on the principle of equality, mutual respect and non-interference with each other's internal affairs, said Hu.     WORK TOGETHER TO MEET GLOBAL, REGIONAL CHALLENGES     Hu proposed that the two countries should continue to work together on global and regional hot issues in light of the benefit gained in recent years by cooperating on climate change, nuclear non-proliferation, crackdown on transnational crimes, disaster relief and prevention and treatment of contagious diseases.

TAIPEI/BEIJING, Nov. 10 (Xinhua) -- A delegation from the Chinese mainland is expected to sign contracts with Taiwan's companies valued at more than three billion U.S. dollars during its 6-day trip on the island, the delegation head said Tuesday.     The delegation, which arrived in Taipei Monday, was headed by Liang Baohua, chief of the Communist Party of China (CPC) provincial committee in east China's Jiangsu Province.     The delegation would also sign Memorandum of Understandings to enhance cooperation in areas including economy, trade, agriculture, science and technology, tourism, culture and education, said Liang at the opening ceremony of "Jiangsu-Taiwan Week" in Taipei Tuesday. Kuomintang Honorary Chairman Lien Chan delivers a speech at the opening ceremony of "Jiangsu-Taiwan Week" held in Taipei, south China's Taiwan Province, Nov. 10, 2009. The "Jiangsu-Taiwan Week" kicked off in Taipei on Tuesday. The provincial-level delegation from the Chinese mainland is expected to sign contracts with Taiwan's companies valued at more than three billion U.S. dollars during its 6-day trip on the island.    "Our visit itself reflects the peaceful development in cross-Strait ties in the past year," said Liang when he met the Kuomintang (KMT) honorary chairman Wu Poh-hsiung Monday.     Invited by the KMT central committee, Liang was the first CPC provincial committee chief to visit Taiwan. It indicated the expanding and deepening exchanges across the Taiwan Strait, said KMT Deputy Secretary-General Chang Jung-Kong.     Taiwan had received and would witness a series of mainland delegations headed by senior officials at the provincial-level.     A delegation headed by Li Chongxi, deputy chief of the CPC's Sichuan provincial committee arrived in Taipei on Nov. 1 to discuss cooperation in trade and tourism.     Beijing Vice Mayor Ji Lin, who led a group of more than 250 members, arrived the island the next day and took part in a symposium on science and technology.     Xu Bodong, an expert on Taiwan affairs and also professor of the Beijing Union University, said the visit by the Jiangsu delegation was a continuity of trips made by Sichuan and Beijing.     "The trips reflect higher level development of cross-Strait ties as the exchanges at the local level involved more specific issues," he said. Enterprise representatives sign the cooperation memorandum at the opening ceremony of "Jiangsu-Taiwan Week" held in Taipei, south China's Taiwan Province, Nov. 10, 2009The CPC and KMT reached an agreement on the common prospects for peaceful cross-Strait development in 2005, which had now become a basic policy of the Taiwan authority, said the Taiwan-based Straits Exchange Foundation (SEF) chairman Chiang Pin-kung when he met Liang Baohua Tuesday.     Local CPC chiefs on the mainland, however, had for a long time mainly played the role as hosts to receive KMT guests from Taiwan after the positive changes took place in the island in May 2008.     For example, Liang acted as a host to receive Lien Chan, Wu Poh-hsiung and Chiang Pin-kung for several times, according to Xu Bodong.     "Now they finally came to the front of exchanges and dialogue," Xu said.     As Liang Baohua put it, "Our visit is to implement the common prospects for peaceful cross-Straits development with pragmatic measures on behalf of a province."     Following Liang's visit, Xu Guangchun, chief of CPC's Henan provincial committee, will also visit Taiwan next month at the invitation of the KMT central committee, according to the Henan provincial committee Tuesday.     Wang Jianmin, a Taiwan affairs researcher at the Chinese Academy of Social Sciences, said "local CPC committees and government could make bigger stride in promoting economic, trade and cultural exchanges with a view to the new situation in cross-Strait relations."     Exchanges and cooperation at the local level across the Strait would be institutionalized in the future and would bring greater benefits to people on both sides, Wang said. Liang Baohua (1st L), secretary of Jiangsu Provincial Committee of the Communist Party of China (CPC), Kuomintang Honorary Chairman Lien Chan (2nd L), Chen Wu-hsiung (3rd L), director-general of Taiwan Federation of Industries (TFI), and Zhang Jindong (1st R), board chairman of Suning Corporation, attend the opening ceremony of "Jiangsu-Taiwan Week" held in Taipei, south China's Taiwan Province, Nov. 10, 2009