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BEIJING, Jan. 31 (Xinhua) -- Chinese President Hu Jintao held a telephone conversation with his U.S. counterpart Barack Obama on bilateral ties Friday, with both sides expressing the willingness to further the ties.     The Chinese president said China is ready to strengthen dialogue, promote mutual trust and expand cooperation with the United States in a bid to confront various global challenges together and push forward a stable development of the Sino-U.S. relationship.     Hu said the core interest of either country should be respected by each other and taken into consideration.     As the contagious financial crisis is still producing severe influence to national economies and people's lives, the international community should strengthen coordination and promote closer cooperation to stand up to the challenge, Hu said.     Describing the Sino-U.S. ties as the most important bilateral relations for both sides, Obama said enhancing bilateral constructive dialogue and cooperation is in the interest of not only the two countries themselves, but the world at large.     The U.S. side is expecting closer cooperation with China on major international and regional issues, he said, adding that the U.S. government is willing to join hands with China to develop a more active and constructive bilateral relationship.     Hu Jintao said China acknowledged U.S. efforts in stabilizing the financial market and stimulating the economy, adding that China is willing to further strengthen communication and coordination with the U.S. side in macroeconomic policies, and firmly oppose trade and investment protectionism.     Hu said China will join hands with the United States to work toward fruitful achievements in April's Group of 20 (G20) summit in London and promote healthy and stable development of the world economy and finance.     Obama said it is crucial for the United States and China, the two most important economies, to enhance cooperation.     Both sides exchanged visit invitations. The two leaders agreed to meet in the Group of 20 (G20) summit slated for April in London.

BEIJING, Jan. 28 (Xinhua) -- China's railways carried 75.05 million passengers between Jan. 11-27, or in the first 17 days of the 40-day Spring Festival travel rush.     The figure represents a 17 percent increase from a year earlier, the Ministry of Railways (MOR) said Wednesday.     The ministry has ordered to add more transport capacity to provinces and municipalities including Sichuan, Chongqing, and Jiangxi to brace for the post-holiday traffic rush. The regions are homes to the largest number of migrant rural workers.     Hundreds of millions of Chinese went home for family gatherings in the lunar new year holiday, the most important traditional one in China, creating the world's largest population migration.     In addition, 114.7 million passengers have traveled by road between Jan. 25-28, up 5.4 percent from the same period last year. Short trips account for 80 percent of the total in the first four days of the seven-day Spring Festival holiday.

LIMA, Nov. 21 (Xinhua) -- Chinese President Hu Jintao on Friday gave a brief outline of the country's future development to the business community of the Asia-Pacific Economic Cooperation (APEC).     Addressing the APEC Chief Executive Officers (CEO) Summit, Hu said China will continue to follow the Scientific Outlook on Development by putting people first and making development comprehensive, balanced and sustainable.     "We will unswervingly pursue reform, improve the socialist market economy and build systems and institutions that are dynamic, efficient, more open and conducive to scientific development," Hu said.     China will follow a new path of industrialization with Chinese characteristics and transform the mode of economic growth, he said. Chinese President Hu Jintao addresses Peruvian Congress in Lima, capital of Peru, Nov. 20, 2008. Hu said here Thursday that China is willing to make concerted efforts with Latin American countries to establish a comprehensive cooperative partnership of equality, mutual benefit and common development    Instead of relying heavily on higher consumption of resources, China will achieve development by making scientific and technological progress, improving the quality of the workforce and developing innovative management, he added.     Since the beginning of this year, China has taken robust measures to address the complex changes in the international economic environment and the severe challenges of major natural disasters.     "We have strengthened macroeconomic regulation in a timely way," Hu said, adding "The fundamentals of the Chinese economy have not changed."     "The steady and relatively faster economic development in China is in itself a major contribution to upholding international financial stability and promoting world economic development," he emphasized.     Between January and September this year, China's gross domestic product grew by 9.9 percent and the three major demands of investment, consumption and export all grew by over 20 percent.     However, since September, with the spread and development of the financial crisis, difficulties confronting China's economic development have become more and more obvious, Hu said.     The growth rate of China's export has begun to decline and industrial production and corporate profits have been adversely affected to varying degrees, he added.     "In view of this and in order to boost economic development, the Chinese government has strengthened macroeconomic regulation in a timely way and decided to follow a proactive fiscal policy and a moderately easy monetary policy," the president said.     China has lowered the required reserve ratio, cut the deposit and lending rates and eased the corporate tax burdens, he added.     China has recently adopted even stronger measures to generate greater domestic demand, Hu said.     He said the central government has decided to invest an additional 100 billion yuan (14.6 billion U.S. dollars) this year to accelerate projects related to people's livelihood, infrastructure, the eco-environment and post-disaster reconstruction.     This is expected to generate a total of 400 billion yuan (58.4 billion dollars) of investment nationwide, he pointed out, adding between the fourth quarter this year and the end of 2010, investment in these projects alone will reach nearly 4 trillion yuan (584 billion dollars).     Implementation of these measures will give a strong impetus to China's economic development, Hu said.     Hu arrived here on Wednesday for a state visit to Peru and the Economic Leaders' Informal Meeting of APEC scheduled for Nov. 22-23.

This undated photo shows Chinese President Hu Jintao (front,C) visits the Shenyang Blower Works Group Co., Ltd. in northeast China's Liaoning Province. Hu inspected the province from Dec. 12 to Dec. 14, 2008.    SHENYANG, Dec. 14 (Xinhua) -- Chinese President Hu Jintao called for maintaining a stable and healthy economic growth amid the challenges in industrial restructuring, export, employment and people's lives during his visit to northeast Liaoning Province from Friday to Sunday.     Hu paid a visit to Liaoning, a center of heavy industries, after the annual Central Economic Work Conference, setting the tone for next year's economic development, closed on Wednesday.     "Our top economic target next year is to maintain a stable and healthy growth," he said at a meeting with the provincial officials. "We should be clear about the serious challenges and difficulties from home and abroad but also realize the great opportunities and favorable conditions in it."     He listed several works the country would do, such as to seriously implement macroeconomic policy, to boost economic restructuring, to greatly enhance capacities for independent innovations, to control pollution and protect the environment and to deepen the reform and opening-up.     Hu also stressed that to maintain social stability was very important when the economic development faced some problems.     During his visit here, the president paid visits to three large state-owned enterprises.     At a new assembly line of Angang Steel Co. Ltd., the first steel producer founded by the People's Republic of China, Hu inquired about its business perspective.     "As a leading company in our steel industry, we hope you to take the advantage of your technology and scale to contribute to the country's economic growth," he said.     Hu expected these state-owned enterprises to focus more on research and development so that they could develop more core technologies, maintain a technical advantage and catch up with the world leading level.     Export-oriented enterprises were widely affected by the global financial crisis.     The president was concerned about their conditions and visited two companies during his stay here.     Visiting a joint venture clothing manufacturer in Yingkou city of Liaoning, he learned that the number of overseas orders it received for next year dropped month after month.     "I hope you to be more confident in face of difficulties," he said. "While maintaining the traditional markets (Europe and U.S.A.), you may try to explore new markets."     At Shenyang Yuanda Aluminium Industry Engineering Co. Ltd, Hu was glad to learn that the company's revenue reported a year-on-year rise of 72 percent in the first ten months this year and the value of overseas orders increased by 1.5 times.     "This was very rare and commendable in a shrinking international market," he said. "I hope you to continue the strategy to win clients through quality products." This undated photo shows Chinese President Hu Jintao (C) talks with a job provider at the human resource market of Shenyang, capital of northeast China's Liaoning Province. Hu inspected the province from Dec. 12 to Dec. 14, 2008.    Hu inspected an metal research institute and a high-tech company during his visit, to show the importance the central government paid to enhancing the capacities for independent innovations.     The Institute of Metal Research under the Chinese Academy of Sciences had an outstanding lab on titanium alloy research and SIASUN Robot & Automation Co. Ltd. was a national research center on Robotics, as well as a base for its industrialization.     The president also expressed great concerns about common people's lives under a condition of economic slowdown.     "Next year's employment market will be very serious, affected by the international financial crisis," Hu said upon visiting an employment service organization.     The country would adopt a "even more active" policy to increase employment, he said, adding that all staff in employment service should work harder.     In a renewed residence community, Hu dropped in the apartment of a retired worker Wan Fu.     In the past three years, 52 new apartment buildings have replaced small and shabby cabins in this community, home to 2,200 families including Wan's. This undated photo shows Chinese President Hu Jintao (2nd,L) talks with an old couple, who just moved into their new house following a residence-rebuild project, in Yingkou of northeast China's Liaoning Province. Hu inspected the province from Dec. 12 to Dec. 14, 2008.     Wan used to live in a 40-square-meter cabin with seven family members but now in a 54-square-meter new apartment only with his wife. Both his sons have new apartments as well.     "The apartment is comfortable, warm and convenient," he told the president. "To buy this apartment, we did not have to borrow any money, but just with our savings."     "The harder the economic situation is, the more attention we should pay to people's lives. The central government has decided to invest more in public service," Hu said.     He promised that more people like Wan would move into new homes and retired workers would have higher pension.

BEIJING, Jan. 19 -- Air China Ltd, the nation's largest international carrier, expects to report its first annual loss in at least eight years on waning travel demand and wrong-way bets on fuel prices.     The carrier made paper losses of 6.8 billion yuan (994.5 million U.S. dollars) on fuel-hedging in 2008, it said on Friday in a Hong Kong stock exchange statement. The airline made a 3.88-billion-yuan annual profit in 2007.     Air China joins China Southern Airlines Co and China Eastern Airlines Corp in forecasting a 2008 loss after the nation's cooling economy damped business and leisure travel. The Beijing-based carrier also reported hedging losses after jet-fuel prices tumbled 70 percent in less than six months.     "Air China is more exposed to the global crisis" than China Southern and China Eastern, said Li Jun, an Everbright Securities Co analyst in Shanghai. "As such, most of its advantages turned into disadvantages last year."     The carrier has been profitable since at least 2000, data complied by Bloomberg News showed, helped by having a wider overseas network than domestic rivals.     "The aviation market experienced a general shrinking demand in 2008 and traffic revenue was significantly lower than expected," the Beijing-based company said in the statement. The hedging contracts "will have a considerable effect on the financial results for the year."     The airline is also able to hedge a greater proportion of its fuel needs than rivals, as Chinese carriers are barred from hedging purchases of fuels for domestic flights. That has previously enabled Air China to limit the effect of increasing fuel prices.     The airline's passenger numbers fell 1.7 percent in 2008 to 34.2 million, the first decline in five years. Its cargo and mail volume dropped 3.8 percent to 898,962 tons.     The shares have dived 80 percent in the past year and closed 3.9 percent higher at 1.88 Hong Kong dollars (24 U.S. cents) a share on Friday in Hong Kong trading.

来源：资阳报