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NEW YORK, Jan. 7 (Xinhua) -- Stopping importing from China may result in an increase in the U.S. trade imbalance, chief economist of the World Bank Justin Yifu Lin said during a speech here on Thursday.     Addressing the audience at a forum about the forecast and views of Chinese economy held at the New York Stock Exchange, Lin said the imbalance between the United States and China actually "reflects some kind of specialization due to the state of development."     The type of products that China exported to the United States are labor-intensive living necessities that the United States will never produce anymore and has no competitive advantages, Lin said. Chief economist of the World Bank Justin Yifu Lin delivers a speech at a forum about the forecast and views of Chinese economy held at the New York Stock Exchange in New York, the U.S., Jan. 7, 2009. He said stopping importing from China may result in an increase in the U.S. trade imbalance    "If China will not export those type of labor-intensive products, U.S. will have to import from other middle income or lower income countries," he added. "And very likely, the cost of importing from other countries will be higher."     Lin said U.S. companies always have a free choice to import from China or other countries, and they currently choose China is because the cost is lower.     "If U.S. has to switch the source of the import from another country, (U.S.) people will have to pay for them no matter how high the price is because that is a definite necessity," Lin said," that means most likely the trade imbalance in U.S. may increase."

BEIJING, Dec. 7 (Xinhua) -- Vice Premier Wang Qishan on Monday hoped China and Germany would increase mutually-beneficial cooperation in various fields to promote bilateral relations.     "China and Germany are highly complementary in economy and share great potential for cooperation," Wang told visiting German Federal Minister of Economics and Technology Rainer Bruederle.     Hailing the China-Germany 37-year diplomatic relations, Wang said the two nations had witnessed frequent high-level exchanges and increased cooperation in economy, trade, investment, science, technology, culture and other fields.     China was in a period which witnessed accelerated industrialization and urbanization, Wang said. "We will unswervingly follow the principle of putting people first and the scientific concept on development to seek sustainable development."     Bruederle said Germany would work with China to expand bilateral cooperation, in a bid to promote healthy and stable development of trade and economic relations between the two nations.

SHANGHAI, Dec. 5 (Xinhua) -- Shanghai Party chief Yu Zhengsheng met here Saturday with visiting Canadian Prime Minister Stephen Harper, vowing to take the opportunity of the Shanghai World Expo to upgrade bilateral economic and environmental cooperation.     The theme of the 2010 Shanghai World Expo is Better City, Better Life, and the core of this theme is to achieve harmony between man and nature, said Yu, member of the Political Bureau of the Communist Party of China (CPC) Central Committee and secretary of the CPC Shanghai Municipal Committee.     "We will step up the transformation of economic development mode and coordinate the various social interests, and promote development through reform and innovation," he said. Yu Zhengsheng(R), member of the Political Bureau of the Communist Party of China (CPC) Central Committee and chief secretary of the CPC Shanghai Municipal Committee, meets with visiting Canadian Prime Minister Stephen Harper in Shanghai, China, Dec. 5, 2009    He appreciated Canada's active participation in the Shanghai World Expo and believed that the Expo would increase the Chinese people's understanding about Canada.     Harper said Shanghai was a vibrant city, and the Canadian companies, represented by Bombardier, had been active in Shanghai in the areas of transportation, insurance, food and resources.     The 2010 Shanghai World Expo was a very good opportunity for Canada and Shanghai to expand and escalate cooperation, especially in the fields of high-tech and environmental science and technology, he noted.     Harper visited the Shanghai World Expo Park Saturday morning and inaugurated the Canada Pavilion.     He said Canada's participation in the Shanghai World Expo was one of the earliest decisions of the government under his leadership since he took office, and the Canada Pavilion would be a great success during the Expo.     Harper left Shanghai for Hong Kong Saturday afternoon.     According to statistics of Shanghai Municipal Commission of Commerce, by the end of the year 2008, Canadian companies have invested in 909 projects in Shanghai, and the amount of contractual foreign capital reached 876 million U.S. dollars.     During the past five years, import and export between Shanghai and Canada have maintained rapid growth. In 2008, the total trade volume reached 4.87 billion U.S. dollars.

BEIJING, Dec. 10 (Xinhua) -- China on Thursday warned that the rich nations should not "shift and shirk" responsibility on climate change, and urged them to provide developing countries with funds to deal with the global issue.     "According to the United Nations Framework Convention on Climate Change (UNFCCC), developed countries have responsibility to offer financial support to all developing countries on mitigating and adapting to climate change," Foreign Ministry spokeswoman told a regular news briefing.     "Funding is one of the key issues that will determine the success or failure of the Copenhagen conference. The offer of funds is the unshirkable responsibility of developed countries," said Jiang.     The UN Climate Change Conference, which opened Monday in Copenhagen, gathered representatives from 192 countries and aimed at mapping out a plan for combatting climate change from 2012 to 2020.     Financial support is a key issue at the talks.     Reports has quoted Todd Stern, U.S. special envoy for climate change, as saying that the United States would contribute to a fund aimed at helping developing nations deal with climate change, but China would not be a recipient of financial aid as it had a booming economy and large foreign exchange reserves.     "We hope that developed countries can positively respond to reasonable requests and suggestions from developing countries, demonstrate political sincerity and fulfil their obligations rather than shift and shirk responsibility," said Jiang.     "We hope the relevant parties make efforts to make the Copenhagen conference achieve results acceptable to all sides," Jiang said.

BEIJING, Nov. 17 (Xinhua) -- Chinese President Hu Jintao said here Tuesday that he and U.S. President Barack Obama had agreed to improve Sino-U.S. relations and reached consensus on major international and regional issues of common concern. After nearly two hours of talks, Hu told the press at Beijing's Great Hall of the People that his talks with Obama was "candid, constructive and fruitful."     Standing beside Obama, Hu said China and the United States shared broad common interests and have great potential for future development on a series of major issues concerning peace and development of the mankind. Chinese President Hu Jintao speaks during a press conference held with visiting U.S. President Barack Obama following their official talks at the Great Hall of the People in Beijing on Nov. 17, 2009    MORE DIALOGUE     Hu said they agreed to improve dialogue, communication and cooperation from a strategic and far-sighted perspective and to make joint efforts in building a positive, cooperative and comprehensive Sino-U.S. relationship so as to promote global peace, stability and prosperity. Chinese President Hu Jintao holds a press conference with visiting U.S. President Barack Obama following their official talks at the Great Hall of the People in Beijing on Nov. 17, 2009. Both China and the United States believed that close high-level contacts and dialogues and consultations at various levels were of great importance to the two countries' relationship, he said.     The two presidents agreed to keep close communication through visits, phone calls, letters and meetings at multilateral occasions, Hu said.     The two leaders also spoke highly of the role of the strategic and economic dialogue mechanism in boosting mutual trust and cooperation between the two countries.     China and the United States would continue implementing the agreements reached at the first round of the dialogue last July in Washington and will start preparations as soon as possible for the second round of the Sino-U.S. Strategic and Economic Dialogue (S&ED) next summer in Beijing, Hu said. 　　ECONOMIC COOPERATION     The two leaders exchanged views on the current global financial situation and held that despite the positive signs of the global economic recovery, the foundation of the global economic recovery was far from solid.     Hu and Obama agreed to strengthen dialogue and cooperation on macro-economic policies, properly handle trade frictions through negotiations and jointly ensure the bilateral economic and trade ties to develop in a healthy and steady way.     "I stressed to President Obama that under the current situation, our two countries should oppose and resist protectionism in all forms in an even stronger stand," he said. Visiting U.S. President Barack Obama reacts during a press conference held with Chinese President Hu Jintao following their official talks at the Great Hall of the People in Beijing on Nov. 17, 2009Hu said both China and the United States appreciated the key role of the G20 summit in coping with the global financial crisis.     "China and the United States would work together with all other members to fully carry out the commitments of all G20 summits and continuously strengthen the role of G20 in the management of the global economy, while pushing forward international financial system reform and improving global economic order to guard against and cope with future crisis," Hu said.     CLIMATE CHANGE, ENERGY AND ENVIRONMENT     The two presidents also agreed to improve cooperation in climate change, energy and environment.     Hu said China and the United States would cooperate with all sides concerned, on the basis of the "common but differentiated responsibilities" principle and their respective capabilities to help produce positive results at next month's Copenhagen summit on climate change.     China and the United States had signed documents of cooperation including a memorandum of understanding on enhancing cooperation on climate change, energy and the environment, and the two countries had formally launched a joint research center on clean energy, he said. Chinese President Hu Jintao shakes hands with visiting U.S. President Barack Obama after they meet the press at the Great Hall of the People in Beijing on Nov. 17, 2009. Hu said the two leaders also agreed to deepen cooperation on the basis of mutual benefits in areas such as anti-terrorism, law enforcement, science and technology, space exploration, civil aviation, high-speed railway, infrastructure, agriculture and health care.     The two leaders agreed to continue to promote greater development in military relations, Hu said.     Obama and Hu discussed to expand cultural exchanges between the two countries, especially youth exchanges, and supported both sides to set up a cultural exchange mechanism and strengthen cooperation on dispatching exchange students.     NUCLEAR NON-PROLIFERATION     "Both of us remain committed to resolving the nuclear issue on the Korean Peninsula through dialogue and consultation," said Hu. "Such a commitment serves the common interests of China and the United States and all other parties concerned."     Hu said China and the United States would work with other parties concerned to stick to the denuclearization of the Korean Peninsula and the six-party talks process to safeguard peace and stability of the northeast Asia.     The two presidents stressed that it was very important for the stability in the Middle East and the Gulf Region to uphold the international nuclear non-proliferation regime and properly resolve the Iran nuclear issue through dialogue and negotiation, Hu said.     ONE-CHINA POLICY     Hu said the key to Sino-U.S. relationship was to mutually respect and accommodate each other's core interests and major concerns while divergences from different national conditions were normal as the two sides had different country situations.     He said that China appreciated President Obama's support for the one-China policy and the three Sino-U.S. joint communiques, and his respect for China's national sovereignty and territorial integrity on the Taiwan issue and other matters.     Hu said the two sides had reaffirmed the "cardinal principle" of "mutually respecting national sovereignty and territorial integrity" and voiced opposition to any attempt by any force to violate this principle.     "We have both agreed to conduct dialogues and exchanges on issues including human rights and religion, in the spirit of equality, mutual respect and non-interference in each other's internal affairs, so as to boost understanding, mitigate divergences and broaden consensus," Hu said.     "The Sino-U.S. relationship is very important. Maintaining and promoting the Sino-U.S. relationship is a shared responsibility of both sides," Hu said.     "China is ready to work together with the United States to push forward the continuous, healthy and stable development of the Sino-U.S. relationship to better serve the two countries' peoples and peoples across the world," Hu said.