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BEIJING, Dec. 16 (Xinhua) -- Chinese State Councilor Liu Yandong met here Thursday with experts of the International Evaluation Committee on National Natural Science Foundation (NSFC)'s Funding and Management Performance.The Chinese government attaches great importance to the development of science and technology as well as the supervision and management of scientific funding, said Liu.She said by implementing the National Outline for Medium and Long Term Science and Technology Development and other supporting policies, China was gradually increasing investment in this area and continuing to promote technological innovation.Inviting prestigious international experts to evaluate the performance of scientific funding and management is very significant for the founding of the performance evaluation system as well as the development and improvement of the scientific funding system, she said.Liu said the establishment of the scientific funding system was a successful trial for the reform of China's science and technology system.She praised the positive role played by the NSFC in the past 25 years and hoped the experts would provide objective analysis and evaluation on the NSFC's Funding and Management Performance.She also asked the NSFC and other relevant departments to create favorable conditions for the experts' evaluation work.

TOKYO, Nov. 12 (Xinhua) -- Chinese President Hu Jintao arrived in Japan Friday for the 18th Economic Leaders' Meeting of the Asia-Pacific Economic Cooperation (APEC), which is slated for Saturday and Sunday in Yokohama.Hu and his wife, Liu Yongqing, were welcomed by senior officials from the Japanese Foreign Ministry at Haneda airport.Chief Executive Donald Tsang of the Hong Kong Special Administrative Region and Chinese Ambassador to Japan Cheng Yonghua were also present at the airport to greet Hu.President Hu, who flew into Tokyo from Seoul after attending the fifth summit of the Group of 20 (G20), was traveling by car to Yokohama.With the theme of "Change and Action," this year's Economic Leaders' Meeting will focus on the regional economic integration, a growth strategy for the Asia-Pacific region, human security, the economic and technical cooperation, and the assessment of achievement of Bogor Goals by APEC economies, according to the meeting agenda.The Bogor Goals call for free and open trade and investment in the Asia-Pacific by 2010 for industrialized economies and by 2020 for developing economies. These goals were adopted by leaders at their 1994 meeting in Bogor, Indonesia.President Hu will speak at the meeting to present China's view on these issues, Chinese officials said.Before the Economic Leaders' Meeting, the Chinese president will deliver a speech at the APEC CEO Summit, Chinese officials said.APEC is the premier forum for facilitating economic growth, cooperation, trade and investment in the Asia-Pacific region.Since its birth in 1989, APEC has grown to encompass 21 members spanning four continents, and represents the most economically dynamic region in the world, accounting for approximately 40 percent of the world's population, around 50 percent of world GDP and about 44 percent of world trade.APEC's 21 member economies are Australia, Brunei, Canada, Chile, China, China's Hong Kong, Chinese Taipei, Indonesia, Japan, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, the Philippines, Russia, Singapore, South Korea, Thailand, the United States and Vietnam.

BEIJING, Dec. 29 (Xinhua) -- China's gross domestic product (GDP) is predicted to grow by around 9.5 percent in 2011, 0.5 percentage points lower compared to the growth rate expected for this year, said a report issued Wednesday by the Bank of China (BOC).The report by the BOC, China's third largest lender, was based on the bank's projections of weak overseas demand, tighter monetary policy, and the government's planned economic restructuring for 2011, the first year of China's 12th five-year plan.The Chinese government announced in early December that it will switch its monetary policy stance from relatively loose to prudent next year to tackle rising inflation and keep economic growth at a sustainable pace.The report also said government policies this year to curb soaring property prices in some major cities, and the country's efforts to improve energy efficiency had slowed the economy with the GDP dropping to 9.6 percent in the third quarter, down from the second quarter's 10.3 percent and 11.9 percent in the first quarter.The report also forecast inflation to rise 4 percent in 2011, compared to the 3.3-percent rise expected for 2010. It said that in the second half of the year, the producer price index (PPI) for China's industrial products had kept rising along with the consumer price index (CPI), adding more inflationary pressure for the future.The Chinese government set a 3-percent target for inflation this year, but looks unachieveable after the index rose 3.2 percent during the first 11 months. Pushed up mainly by rising food prices, the index soared 5.1 percent in November to a 28-month high.The report also predicted new lending next year would be 7 trillion yuan (1.06 trillion U.S. dollars), just slightly down from the 7.5 trillion yuan target set by the government for 2010.Growth rates of retail sales of consumer goods and industrial value-added output would see a slight drop from year 2010, while imports would likely grow by 18 percent, 3 percentage points higher than exports.As inflation triggers wider public concerns, expectations for more hikes in interest rates are strengthening. The report forecast the People's Bank of China, the central bank, would likely hike rates for up to three times next year, mostly during the first half of the year.The central bank on Sunday raised the benchmark one-year lending and deposit rates by 25 basis points for the second time in just over two months. It had also set higher commercial lenders' reserve requirement ratio six times this year in a move to tighten liquidity amid climbing inflation.

ST. PETERSBURG, Russia, Nov. 22 (Xinhua) -- Visiting Chinese Vice Premier Wang Qishan met his Russian counterpart Alexander Zhukov on Monday, both speaking highly of the bilateral ties and vowing to expand cooperation on all fields.In the 14th meeting of the Joint Commission for the Regular Meetings of Heads of Government of China and Russia, Wang appreciated Sino-Russian relations as the two countries have further strengthened their strategic partnership of coordination, promoted mutual understanding and boosted pragmatic cooperation in all areas.He said bilateral trade volume between the two countries has rebound to the pre-crisis level, with comprehensive energy cooperation, covering areas of crude, nuclear power, electricity and coal, being further developed.Bilateral economic cooperation with significant strategic nature has been maintaining momentum, Wang said, appreciating its achievements in some joint projects of finance and infrastructure.Wang also noted that Sino-Russian economic cooperation is standing at a new start, as China is drafting the "twelfth five- year" development plan to transform its pattern of economic growth and Russia is implementing its strategy for modernization.Both countries should grasp the opportunities to boost bilateral cooperation in economy and trade, investment, energy, finance, technology, aerospace, telecommunication, transport and other fields, he said.Wang stressed China is willing to jointly endeavor with Russia to ameliorate bilateral trade structure, further promote and innovate cooperation to achieve the goal of win-win.With regards to his regular meeting with Zhukov, Wang spoke highly of the meeting as it was a bolster for the upcoming meetings of Chinese Premier Wen Jiabao with Russian leaders.Wang appreciated this dialogue mechanism between China and Russia, saying the two countries should continue candid communication and boost bilateral cooperation to achieve more fruits.Zhukov appreciated the Sino-Russian economic and trade cooperation as it has stood the test of the global financial crisis and revived to growth.He also spoke highly of bilateral energy cooperation in nuclear power, coal, electricity and timber, noting that the completion of Sino-Russian pipeline has upgraded the level of practical cooperation.Both countries are effectively carrying out interlocal outlines issued before, Zhukov said, adding that Russia will take the opportunity of this meeting to further boost bilateral cooperation to a new level.At the invitation of Deputy Prime Ministers Alexander Zhukov and Igor Sechin, Wang arrived in St. Petersburg on Nov. 21, kicking off his visit to Russia.On Monday, Chinese Premier Wen Jiabao also arrived in St. Petersburg, starting his official visit to Russia.

VIENNA, Dec. 3 (Xinhua) -- China remained open to initiatives on the establishment of an international nuclear fuel bank , a senior Chinese diplomat said here Friday. "The International Atomic Energy Agency (IAEA should play an active role in establishing such mechanism, on the prerequisite of maintaining its independence, " said Hu Xiaodi, China's permanent representative and ambassador to the United Nations and other international organizations in Vienna. "China is of the view that the establishment and operation of multilateral mechanism on assurance of nuclear fuel supply involves complex political, economic, technical and legal factors as well as practical interests of all Member States, " Hu told a board meeting of IAEA. Referring to an U.S. proposal on the establishment of an IAEA low-enrichment uranium bank, Hu noted that some IAEA Member States still had concerns on that proposal. "The concerns of relevant states should be taken into full consideration and resolved in order to seek the most extensive support," Hu said. He also said that while the objective of preventing the proliferation of nuclear weapons should be promoted, Member States ' right to peaceful uses of nuclear energy should not be affected.There have been a number of initiatives to establish nuclear fuel reserve banks in recent years.The U.S. proposal envisions a nuclear fuel bank run by IAEA, to which countries could turn to if their regular supplies were cut.However, the plan has met opposition from some developing countries. They worry that a nuclear fuel bank could undermine their right to acquire their own nuclear technology for peaceful purposes. Some countries are also concerned with the possibility of fuel supply being controlled by western powers and used for political purposes.