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BEIJING, Nov. 6 (Xinhua) -- Chinese President Hu Jintao's upcoming state visits to Malaysia and Singapore would comprehensively push forward China's ties with the two nations and the Association of Southeast Asian Nations (ASEAN), said an official with the Foreign Ministry here Friday. Hu will pay state visits to Malaysia and Singapore from Nov. 10to 13, at the invitations of Malaysian Supreme Head of State Mizan Zainal Abidin and Singaporean President S. R. Nathan. It is the first time for President Hu Jintao to pay state visits to Malaysia and Singapore as president of China, and it is also the first time in 15 years for a Chinese President to visit the two countries, said Assistant Foreign Minister Hu Zhengyue at a news briefing. During his stay in Malaysia, Hu will hold talks with Supreme Head of State Mizan and meet with Prime Minister Najib Tun Razak. "President Hu's visit to Malaysia will surely further deepen strategic cooperation between the two nations and advance bilateral ties," said the assistant foreign minister. While in Singapore, he will hold talks with President Nathan and meet with Prime Minister Lee Hsien Loong, Minister Mentor Lee Kuan Yew and Senior Minister Goh Chok Tong. President Hu will exchange views with Singaporean leaders on deepening mutually beneficial and cooperative ties, and discuss international and regional issues of common concern," said the assistant foreign minister. Vice Minister of the Ministry of Commerce Yi Xiaozhun said China and the two countries had good economic and trade relations and were each other's important trade partners. In Malaysia, the two sides will sign economic and trade cooperative documents to push forward joint projects in the infrastructure area. While in Singapore, leaders of both nations will discuss on how to promote bilateral trade and investment, advance major cooperative projects and enhance cooperation within the framework of regional and international trade. "We believe that President Hu's visit will surely expand the scale of economic and trade cooperation between China and the two countries, and promote the sustained and stable development of bilateral relations, " Yi said.
SHANGHAI, Nov. 16 (Xinhua) -- Visiting U.S. President Barack Obama said here Monday the United States does not seek to contain China's rise and he welcomes China to be a "strong and prosperous and successful member of the community of nations." Obama made the remarks during a dialogue with Chinese youths in China's economic hub Shanghai. He said the world is fundamentally interconnected and power in the 21st century is no long a zero-sum game. "The jobs we do, the prosperity we build, the environment we protect and the security we seek are all shared, " he said. "One country's success does not come at the expense of another." He arrived in Shanghai late on Sunday and met city officials Monday morning before his meeting with young Chinese. He will head to Beijing Monday afternoon.
BEIJING, Nov. 26 (Xinhua) -- China has tightened settlement and sale of foreign exchange by individuals to curb non-normal cross-border capital inflow, according to a statement of the State Administration of Foreign Exchange (SAFE). Banks should deny, review or report to foreign exchange regulators, individual purchases or settlements of foreign exchange suspicious of splitting up one deal into several smaller ones to dodge limits on the size of exchange transfer by one person, which is understood to be one of the channels for hot money inflow, said the statement on Wednesday. Practices including one overseas individual or institution remitting foreign exchange to five or more individuals within China who settle them respectively, or five or more individuals buying foreign exchange and remitting them to one and the same overseas individual or institution, on a single day, every other day or consecutive days, are considered exchange splitting behavior, said the SAFE. China in 2007 set the limit of up to 50,000 U.S. dollars per year for an individual to exchange between yuan and foreign exchange.
SHANGHAI, Nov. 16 (Xinhua) -- U.S. President Barack Obama on Monday called on the Chinese and U.S. governments to strengthen cooperation in dealing with such global challenges as climate change. "There are very few global challenges that can be solved unless China and the United States agree," he stressed while answering a question at a town hall with Chinese students in Shanghai, the first stop of his four-day China tour. As the world's two largest greenhouse gas emitters, the United States and China should assume the responsibility to curb greenhouse gas emissions, he said. "Unless both of our countries are willing to take critical steps in dealing with this issue, we will not be able to resolve it," Obama said. The president called on world leaders to strike a deal at the December Copenhagen conference during which they would make differentiated commitments to reducing greenhouse gas emissions. China should not take the same obligations as the United States since it has a much larger population living in poverty, he said. Climate change is expected to be one of the main topics at the upcoming meeting between Obama and Chinese President Hu Jintao. President Hu promised at a September UN climate summit in New York that China would cut carbon dioxide emissions per unit of gross domestic product by "a notable margin" by 2020 from the 2005level. Obama has said he wants to cut U.S. emissions back to 1990 levels by 2020 and 80 percent further by 2050, but the U.S. Congress was unlikely to complete climate legislation by the time of Copenhagen, due to great political challenges in the midst of a recession with high unemployment and other domestic priorities. According to U.S. top negotiator Jonathan Pershing, it would be difficult for the U.S. to pledge an emissions target without legislation by Congress, therefore a new pact to combat global warming is a forlorn hope for Copenhagen. The Dec. 7-18 Copenhagen meeting, which is expected to bring together leaders from 190 countries, aims to renew greenhouse gas emissions reduction targets set by the Kyoto Protocol, due to expire in 2012.