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WUHAN, Nov. 14 (Xinhua) -- Chinese Foreign Minister Yang Jiechi said on Sunday that Sino-Indian relations have global influence as well as strategic significance.Yang made the remarks while meeting with his Indian counterpart, S.M. Krishna, in Wuhan, capital of central China's Hubei Province, during the 10th China-Russia-India foreign ministers' meeting.This year marked the 60th anniversary of the establishment of Sino-Indian diplomatic relations, said Yang.Yang also praised the continuing development of bilateral ties over the past 60 years, featuring frequent high-level exchanges and continuously enhanced bilateral cooperation in all areas.Chinese Foreign Minister Yang Jiechi (R) shakes hands with his Indian counterpart S.M. Krishna before their meeting in Wuhan, capital of central China's Hubei Province, Nov. 14, 2010.On international and regional issues, the two countries' communications and coordination are also becoming closer, said Yang, noting that China attached great importance to the strategic cooperative partnership with India.Further, leaders of China and India have agreed that the world is large enough to accommodate the common development of both China and India, and broad enough for the two countries to improve their cooperation, said Yang.Yang stressed that China was willing to work with India to seriously implement the consensus reached by both leaders, and strengthen bilateral communication, coordination and cooperation to promote the development of bilateral ties in the areas of politics, economics, trade, and culture.For his part, Krishna said India and China were ancient civilizations exerting important influence on the international affairs of this century. India attached great importance to the relationship with China, hoping to enhance high-level exchanges and mutual trust between the two countries with the goal of boosting bilateral relations.Krishna noted that India placed special emphasis on trade cooperation with China, welcoming more Chinese enterprises to invest in the future in Indian manufacturing industry and infrastructure construction.The two ministers also exchanged views on international issues of common concern.It was also noted that bilateral trade has increased, with an annual growth rate of more than 30 percent since 2004.Additionally, statistics released by the Chinese General Administration of Customs showed that the trade volume of the two countries had reached around 45.43 billion U.S. dollars from January to September, up 43.7percent compared with the same period last year.Chinese Foreign Minister Yang Jiechi, Russian Foreign Minister Sergei Lavrov and Indian Minister of External Affairs S.M. Krishna arrived in Wuhan Saturday afternoon for trilateral talks slated for Nov. 14 to 15.On the sidelines of the two-day meeting, Yang will also have separate bilateral talks with his Russian counterpart.During the two-day meeting, the three foreign ministers are scheduled to discuss international and regional issues of common interest aimed at promoting practical cooperation among the three countries.The last round of meetings of this kind was held in India in October 2009.

BEIJING, Jan. 14 (Xinhuanet) --The country's GDP growth rate will slow to 8.7 percent this year from 10 percent in 2010, and a key challenge in 2011 will be to ensure that anti-inflationary measures do not "significantly" reduce growth, the World Bank said on Thursday.The bank estimates that global GDP, which expanded by 3.9 percent in 2010, will slow to 3.3 percent in 2011, before reaching 3.6 percent in 2012. Developing countries will continue to outstrip growth in developed countries, it said.Amid credit-tightening measures to combat inflation and surging property prices, China's growth is expected to ease to 8.4 percent in 2012, the bank said.Despite the slowdown, China will spearhead Asia's economic expansion. According to the bank's forecast, the overall growth rate for developing Asian economies will ease to 8 percent from last year's 9.3 percent as governments rein in credit to cool inflationary pressures."For China, a big concern is how to ensure a soft landing of the economy without significantly reducing growth when the government takes measures to curb inflation," said Hans Timmer, director of development prospects at the World Bank.The consumer price index (CPI), a main gauge of inflation, accelerated to a 28-month high of 5.1 percent in November from a year earlier and most economists predict that it will be in the region of 4 to 4.5 percent this year.In a bid to combat inflation, the central bank hiked interest rates by 25 basis points twice in the last quarter of 2010.Ardo Hansson, lead economist of the World Bank's Beijing Office, said the country needs more flexibility in its foreign exchange policy to fight inflation.China's central bank set the yuan's mid-point beyond 6.60 against the US dollar for the first time on Thursday, breaching an important barrier just days before President Hu Jintao's visit to the United States next week.The People's Bank of China set the mid-point, from which the currency can rise or fall 0.5 percent on a given day, for daily trading against the dollar at 6.5997, the first time it had broken through 6.60.The yuan has risen around 3.6 percent since June when authorities dropped a peg with the US dollar that had been set to support the economy during the global financial crisis.Some US politicians have been pressing China to allow the currency to rise at a faster pace to help narrow a trade gap.US Treasury Secretary Timothy Geithner repeated his call on Wednesday for a faster appreciation of the yuan and added that such a move could lead to an easing of restrictions on US technology exports to China, with both civilian and military use."The recent quickened pace of yuan appreciation could be considered as a gesture by the Chinese government before Hu's visit to the US," said Dong Xian'an, chief macroeconomic analyst with Industrial Securities.According to Dong, the yuan will appreciate by 5 to 6.6 percent this year, "a moderate pace".Wang Tao, chief China economist at UBS Securities, said they expected the currency to grow by 5 percent in 2011.The yuan can now be increasingly used in cross-border transactions, in a bid to reduce dependence on the US dollar after Premier Wen Jiabao said in March that he was "worried" about holdings of dollar-denominated assets.The central bank is allowing banks and enterprises in areas that carry yuan-settled trade to use yuan-denominated investment overseas directly, it said in a statement on its website on Thursday, describing the initiative as a pilot program.According to data from HSBC, the average monthly volume of yuan-settled trade surged from 0.6 billion yuan ( million) in 2009 to 68 billion yuan between June and November 2010. And one-third of China's cross-border trade may be settled in yuan by 2016, as the government pushes for the internationalization of the currency.

HANGZHOU, Nov. 9 (Xinhua) -- Senior Chinese leader Li Changchun on Tuesday applauded the contributions that Chinese literary writers and authors had made to enriching people's lives and called on them to create more works that are true to life and close to people.Li, who is a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, made the remarks in a congratulatory letter that was sent to the organizing committee of the fifth Lu Xun Literature Prize, one of China's most prestigious honors.The award ceremony was held in east China's Shaoxing City, the hometown of Lu Xun (1881-1936), one of China's most well-known contemporary authors and essayist, on Tuesday night.Named after Lu, the prize was first awarded in 1986.Writers of outstanding short- to middle-length novels, poems, prose, essays, reportage, literary reviews and theoretical works will receive the award, which is bestowed every two years.

BEIJING, Dec. 3 (Xinhua) -- China and Venezuela Friday pledged to boost bilateral relations and cooperation.The pledge came out of a meeting between Chinese Vice Premier Li Keqiang and Venezuelan government delegation, which is in China for the ninth meeting of the China-Venezuela Senior Mixed Committee.Hailing the fast growth of China-Venezuela relations in recent years, Li said the two sides have enjoyed fruitful cooperation in areas including energy, agriculture, culture and infrastructure.Li noted that Venezuela has become one of China's most important trading and investment partners in Latin America.Chinese Vice Premier Li Keqiang (R front) meets with Jorge Giordani, chief delegate of a Venezuelan government delegation, which is in China for the ninth meeting of the China-Venezuela Senior Mixed Committee, in Beijing, capital of China, Dec. 3, 2010.He said strengthening cooperation between the two countries is not only beneficial for the two countries but also good for south-south cooperation and the overall strength of developing countries.China will conduct relations with Venezuela with a strategic point of view and promote pragmatic cooperation in all areas, Li said.He added that the mixed committee of senior officials from both sides can play an active role in this regard.The vice premier also extended his condolences to northern parts of Venezuela, which were hit by the recent flooding.He also announced, on behalf of the Chinese government, an emergency assistance package for Venezuela to help in the food relief work.Chief delegate Jorge Giordani, the Venezuelan minister of planning and finance, expressed Venezuela's gratitude for China's assistance.He also said Venezuela is satisfied with the two countries' expanding cooperation.He said Venezuela will continue to expand cooperation with China while taking the bilateral relationship to a new high.

GUANGZHOU, Dec. 27 (Xinhua) -- China's southwestern Yunnan and Guizhou provinces agreed Monday to transmit 497 billion kilowatt-hours of electricity to the southern Guangdong Province over the next five years.The agreements were signed Monday between the China Southern Power Grid Company (CSG) and the three provinces.Due to a lack of resources such as coal and water, the relatively more developed eastern and southern regions in China face pressure of providing enough electricity to boost their growth."China's coal resources are mainly based in the west and north, while water is also abundant in the southwestern regions. The uneven situation makes it necessary to transmit power from the west to the east," said Qian Zhimin, deputy director of China's National Energy Administration.Qian said China had initiated the west-to-east power transmission program back in 2000. By the end of this year, the CSG has transmitted over 543 billion kilowatt-hours of power through the program.Guangdong, an economic powerhouse in south China, with a gross domestic product exceeding 3.9 trillion yuan (about 583.3 billion U.S. dollars) in 2009, has been the largest beneficiary of the program as almost 120 billion kilowatt-hours of electricity produced in other western provinces is used by Guangdong annually, making up about one-fourth of all the power it uses every year.The CSG is one of China's two major grid operators, along with the State Grid. The CGS invests, builds, and operates power networks in Guangdong, Guizhou, Yunnan and Hainan provinces, and in Guangxi Zhuang Autonomous Region.

来源：资阳报