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CANNES, France, Nov. 3 (Xinhua) -- Chinese President Hu Jintao on Thursday urged the world's major economies to work together to promote growth and financial stability."It is imperative that we stand on a higher plane, transcend differences on specific issues, move beyond short-term considerations, and jointly seek ways to overcome the crisis and sustain development," Hu told the Group of 20 (G20) summit here."At this critical moment, the G20 must work to address the key problems, boost market confidence, defuse risks and meet challenges and promote global economic growth and financial stability," said Hu.As the premier forum for international economic cooperation, the G20 must continue to demonstrate the spirit of standing together in times of adversity and pursuing win-win cooperation, he said.The Chinese president said "the current world economic situation deserves our high attention," cautioning the global recovery is fraught with instability and uncertainty and faces growing risks and challenges.Some major economies are experiencing economic slowdown and some countries are facing acute sovereign debt problems, said Hu.He also cited volatility in the international financial markets, and high inflationary pressure in emerging markets.Hu put forward a five-point proposal on what G20 nations need to do to tide over the crisis.First, the countries should ensure growth while paying attention to balance. Given the serious risks facing the global economy and continued market volatility, ensuring growth and promoting stability should be the top priority, he said."We should introduce new and strong measures to ensure that fiscal and monetary policies are fully implemented and that funding is channeled into the real economy to boost production and employment."Second, the G20 nations should strengthen unity and send a strong signal to the world as there is widespread panic and acute lack of confidence in the markets, said Hu.He urged G20 members to strengthen consultation and coordination, tackle sovereign debt risks, regulate cross-border capital flow, put the fluctuation of commodity prices under control, mitigate global inflationary pressure and make sure that the economic policies pursued by various countries do not offset each other.Third, global economic governance should be improved through reform, Hu said.The international financial crisis has highlighted the deficiencies in the global economic governance system, said Hu."Major efforts should be made to reform and improve the international monetary system, international trading system and commodity pricing mechanism," said the Chinese president.

BEIJING,Nov. 9 (Xinhuanet) – Yinghuo-1, China's first interplanetary spacecraft, is set to hitch a ride with Russia's Phobos-Grunt Mars mission in the early hours on Wednesday, after a two-year delay.A Zenit-2SB rocket will carry Yinghuo-1 and Phobos-Grunt into space from the Baikonur Cosmodrome launch site in Kazakhstan.It is China and Russia's first joint Mars operation and also marks China's first voyage to the Red Planet, China Great Wall Industry Corp said in a news release on Tuesday.Yinghuo-1 will work in orbit with Phobos-Grunt for more than 12 months in collecting data on the Martian atmosphere.Both spacecraft will travel for more than 10 months before entering Martian orbit. During the trip, Yinghuo-1's power supply, communications and temperature gauge will be controlled from the Russian craft, scientists said.Both craft will orbit the planet three times before decoupling. The 106-kg Yinghuo-1 will circle Mars in an elliptical orbit, while Phobos-Grunt will actually land on Phobos, one of the two Martian moons, and bring back soil samples to Earth."The collaboration with Russia will enhance China's ability in deep space exploration, improve spacecraft design and development, and promote planetary exploration," said an unnamed official with the corp, a subsidiary of the China Aerospace Science & Technology Corp. Russia's Lavochkin Research and Production Association signed a cooperation contract, based on an agreement between the Chinese and Russian governments, with China Great Wall Industry Corp in 2007.Yinghuo-1, with a two-year lifespan, also has its own scientific goals.These include analyzing the planet's magnetic environment and ionosphere (upper atmosphere), taking images of topographical features and studying gravity fields on the Martian equator.Pang Zhihao, deputy editor-in-chief of the monthly publication, Space International, said China's focus on the planet's upper atmosphere is significant.Twenty detectors have explored parts of Mars, but most of them have looked for traces of life or water or places suitable for setting up colonies, he said.But studying the upper atmosphere is also vital if humans are to live on the planet, he said.The mission was set for October 2009, but later postponed to this year to enhance the reliability of the project.Only the United States, the former Soviet Union and the European Union have succeeded in landing probes on Mars. Five are in operation, four belong to the US and one belongs to the EU.At least 21 probes sent to the planet have failed. The Shanghai Academy of Spaceflight Technology under the CASC, which designed Yinghuo-1 in 23 months, said that the satellite posed a major technological challenge as the furthest space destination for China before had been the moon. The moon's average distance from Earth is about 384,000 km. The distance between Mars and Earth, depending on orbits, ranges from approximately 55 million km to about 350 million km.Yinghuo-1 will have to endure periods in the freezing dark side of the planet.It underwent simulated tests that matched the Martian temperature, - 260 C.Because of the distances involved, the satellite cannot rely on ground control to adjust position. It will rely on its own onboard computer, scientists said.

SHANGHAI, Jan. 11 (Xinhua) -- China has allowed the Bank of East Asia (BEA) to issue yuan-denominated bonds in Hong Kong for a second time, about three years after it became the first foreign-invested bank to make a yuan bond issuance, the bank said Wednesday.BEA China Ltd, a wholly-owned subsidiary of the BEA, was given the approval by the National Development and Reform Commission of China to issue yuan bonds in Hong Kong, it said.Details on the amounts and timing of the offerings weren't available. In 2009, in a major landmark, the BEA issued its first yuan bonds in Hong Kong in an aggregate principal amount of 4 billion yuan (630 million U.S. dollars).The BEA was among the first foreign-invested banks to be given the green light to issue yuan-denominated bonds in Hong Kong, a move analysts say will bolster the international influence of the Chinese currency, also known as renminbi.Sun Minjie, deputy head of BEA China, said the second bond issuance will give the bank stable access to capital, improve its debt portfolio, and support its development on the Chinese mainland.

BEIJING, Jan. 10 (Xinhua) -- Chinese State Councilor Dai Bingguo on Tuesday attended a reception at the Great Hall of People in Beijing celebrating the 20th anniversary of the establishment of diplomatic ties between China and five Central Asian countries.China successively established diplomatic relations with Uzbekistan, Kazakhstan, Kyrgyzstan, Tajikistan and Turkmenistan in early January of 1992.In his address, Dai said relations between China and the five nations have achieved comprehensive and significant progress since they forged diplomatic ties 20 years ago, featuring frequent high-level visits, deepened political mutual trust, mutual support on major issues of each other's concern and expanded mutually beneficial cooperation in various fields.China and the five countries have maintained close coordination within the framework of the United Nations and the Shanghai Cooperation Organization and have positively contributed to safeguarding and promoting the world's peace, stability and development, he said.Noting China and the Central Asian nations are good neighbors, good friends and good partners, Dai said, no matter how the international situation changes, China will adhere to the policy of building friendship and partnership with its neighbors and support the five nations to independently choose their development path.China will unswervingly advance traditional friendship and cooperation with the five nations and will work with them to make unremitting efforts for building a harmonious world of lasting peace and common prosperity, he said.Dai said China will take the opportunity of celebrating the 20th anniversary to increase political mutual trust, expand mutually beneficial cooperation and develop traditional friendship with the five nations, in the hope of jointly creating a bright future for their relations.Li Xiaolin, president of the Chinese People's Association for Friendship with Foreign Countries, and diplomatic envoys from the five Central Asian nations also addressed the reception.

WASHINGTON, Dec. 22 (Xinhua) -- The journal Science on Thursday chose the HPTN 052 clinical trial, an international HIV prevention trial as the 2011 Breakthrough of the Year.The study found that if HIV-infected heterosexual individuals begin taking anti-retroviral medicines when their immune systems are relatively healthy as opposed to delaying therapy until the disease has advanced, they are 96 percent less likely to transmit the virus to their uninfected partners. Findings from the trial, first announced in May, were published in the New England Journal of Medicine in August.The study was funded by the U.S. National Institute of Allergy and Infectious Diseases (NIAID), part of the National Institutes of Health."The HPTN 052 study convincingly demonstrated that anti- retroviral medications can not only treat but also prevent the transmission of HIV infection among heterosexual individuals," said NIAID Director Anthony Fauci in a statement. "We are pleased that Science recognized the extraordinary public health significance of these study results."Science's list of nine other ground-breaking scientific achievements from 2011 include:The Hayabusa Mission: After some near-disastrous technical difficulties and a stunningly successful recovery, Japan's Hayabusa spacecraft returned to Earth with dust from the surface of a large, S-type asteroid. This asteroid dust represented the first direct sampling of a planetary body in 35 years, and analysis of the grains confirmed that the most common meteorites found on Earth, known as ordinary chondrules, are born from these much larger, S-type asteroids.Unraveling Human Origins: Studying the genetic code of both ancient and modern human beings, researchers discovered that many humans still carry DNA variants inherited from archaic humans, such as the mysterious Denisovans in Asia and still-unidentified ancestors in Africa. One study this year revealed how archaic humans likely shaped our modern immune systems, and an analysis of Australopithecus sediba fossils in South Africa showed that the ancient hominin possessed both primitive and Homo-like traits.Capturing a Photosynthetic Protein: In vivid detail, researchers in Japan have mapped the structure of the Photosystem II, or PSII, protein that plants use to split water into hydrogen and oxygen atoms. The crystal-clear image shows off the protein's catalytic core and reveals the specific orientation of atoms within. Now, scientists have access to this catalytic structure that is essential for life on Earth -- one that may also hold the key to a powerful source of clean energy.Pristine Gas in Space: Astronomers using the Keck telescope in Hawaii to probe the faraway universe wound up discovering two clouds of hydrogen gas that seem to have maintained their original chemistry for two billion years after the big bang. Other researchers identified a star that is almost completely devoid of metals, just as the universe's earliest stars must have been, but that formed much later. The discoveries show that pockets of matter persisted unscathed amid eons of cosmic violence.