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BEIJING, Dec. 31 (Xinhua) -- Chinese President Hu Jintao put the country's economic tasks on top of next year's agenda in a New Year address broadcast Friday.In his address to domestic and overseas audience via state TV and radio broadcasters, Hu said to accelerate the transformation of economic development pattern will be a consistent thread of China's work in 2011, the first year of the country's 12th Five-Year Program.China will adopt a "proactive" fiscal policy and "prudent" monetary policy, speed up economic restructuring, improve people's livelihood and push forward reform and opening-up, he said in the speech titled "Jointly Improve the Welfare of People from All Countries," broadcast by the China Radio International, China National Radio and China Central Television.The country will stick to the guidelines of "one country, two systems", "Hong Kong people governing Hong Kong", "Macao people governing Macao" and a high degree of autonomy to maintain long-term prosperity and stability of Hong Kong and Macao, he said."We will adhere to the principles of 'peaceful reunification' and 'one country, two systems,' firlmly hold on to the theme of peaceful development of cross-Strait relations, continue to advance exchanges and cooperation, and ceaselessly work for the benefit of the compatriots on both sides of the Taiwan Strait," he said.Chinese President Hu Jintao delivers a New Year address titled "Jointly Improve the Welfare of People from All Countries" which is broadcasted to domestic and overseas audiences via state TV and radio broadcasters, in Beijing, capital of China, Dec. 31, 2010. In 2010, in face of complicated domestic and international situations, Chinese people successfully hosted the Shanghai World Expo and the Asian Games in Guangzhou while bravely fighting against deadly natural disasters including the earthquake in Qinghai Province and the landslide in Gansu Province, he said.China fulfilled the targets set by the 11th Five-Year Program (2006-2010) and increased its economic and comprehensive strength, Hu said.The country was also actively engaged and played a constructive part in international cooperation to cope with global financial crisis, climate change and nuclear issues, he said."On behalf of the Chinese government and people, I would like to extend sincere acknowledgement to governments and people who offered great help to us this year," Hu said.WORKING TOGETHER WITH OTHER COUNTRIESThe world currently is witnessing multipolarization and globalization while science and technological development is on the edge of breakthrough, Hu said.But the global economy is still moving on a long and winding path towards recovery and issues like climate change, energy, food security and public health security become more serious, Hu said."International and regional hot issues have cropped up one after another, while peace and development of the world are facing unprecedented opportunities and challenges."China will hold high the flag of peace, development and cooperation, adhere to the independent foreign policy, maintain world peace and promote common development, Hu said.The country will stick to the principle of mutual benefits when opening up itself, he said.China will develop friendly cooperation with all other countries on the basis of the five principles of peaceful co-existence and continue to actively participate in international cooperation on global issues, Hu said."(We) will continue to work with the people of all countries to jointly promote the building of a harmonious world of lasting peace and common prosperity," said Hu.He also extended sympathy to people who have been suffering from war, poverty, diseases and natural calamities and promised that China will do all it can to help them as it has done before."I believe, as long as the people from all countries make efforts hand in hand, the world will have a better future and the welfare of the people from all countries will be improved," Hu said.An article by Hu on implementing the guiding principles of the Fifth Plenum of the 17th Communist Party of China (CPC) Central Committee will be published in Qiu Shi (Seeking Truth), an official magazine of the CPC Central Committee, on Jan. 1.

BEIJING, Dec. 18 (Xinhua) -- China's official Xinhua News Agency on Saturday formally launched its financial information exchange, an information sharing platform in the financial and cultural sectors to promote development of the nation's capital market.Approved by the People's Bank of China, or the central bank, it is the world's first financial information exchange.It is funded by and registered with the China Finance Corporation (CFC), owned by Xinhua.Located in the Lize business district in the southwest of downtown Beijing, the exchange has the world's largest LCD panel groups at 7,593 inches, which show real-time information in the finance and cultural industries.Member users can also get the latest information on technology transfers and business consultations.The exchange would improve Xinhua's presence and influence in the global financial information sector and enhance China's soft power in the international capital markets, said Xinhua president Li Congjun at the inauguration ceremony."It aims to be a fair, just, professional and highly efficient intermediary service platform in the financial information and cultural sectors to promote information sharing among the cultural sector, industries and the capital markets," he said."The ultimate goal is to become the world's most influential financial information and cultural industry service center."

MANILA, Dec. 4 (Xinhua) -- A cargo ship with 24 Chinese crew aboard sank off the waters of the Philippines' Batanes province on Friday afternoon, the Philippine National Police (PNP) said Saturday.Quoting a report from the Batanes provincial police office, PNP spokesman Chief Supt. Agrimero Cruz said Saturday the Panama cargo vessel MV Hong Wei met the incident about 120 nautical miles (222 kilometers) off Itbayat island around 3:22 p.m. Friday.Cruz could not immediately say what caused the vessel to sink or the vessel's destination.A passing vessel, MV Shun Tong, and a ship from China's Taiwan region's coast guard rescued 12 crew and two passengers, respectively, said Cruz, adding that at least three ships from Taiwan region's coast guard are currently at the scene to conduct search and rescue operations for the 10 still missing crew members.A rescue vessel from the Chinese mainland is expected to arrive at the site anytime Saturday to join the search and rescue operations, said Cruz.Wang Ben, police attache of the Embassy of the People's Republic of China in the Philippines, told Xinhua that the embassy has confirmed the incident with China's Ministry of Transport. The ministry said that rescuing vessels from the Chinese mainland and Taiwan are conducting joint search and rescue operations, said Wang.The Philippines, a Southeast Asian archipelago country, is located to the south of China.

BEIJING, Jan. 8 (Xinhua) -- The Chinese laid-off cleaner never dreamed of being visited by President Hu Jintao, nor did she think the visit would be followed by a public humiliation of her. "Now half the population of China think of me as a liar," complained 47-year-old Guo Chunping, with tears in her eyes. Guo became famous overnight after President Hu visited her in her low-rent apartment on the Fifth East Ring Road in Beijing just before New Year. In footage aired by China Central Television (CCTV) on December 30, 2010, she was asked how much rent she paid. "Seventy-seven yuan (about 11.6 U.S. dollars)," she replied in front of the camera. Netizens soon posted 172 photos of a woman, appearing like Guo, posing with luggage at a long-distance bus station or sitting in a luxurious restaurant. Guo was described as a "civil servant" by Chaoyang District police, who was too rich to be qualified to have a low-rent house. Also, with China's skyrocketing house prices and with rent in Beijing generally above 1,000 yuan, paying 77 yuan in rent sounded unbelievable to many. To prove Guo right or to refute her, media workers flooded her 50-square-meter apartment. "The telephone rang endlessly, and some journalists even climbed onto the building opposite my apartment with cameras," Guo said. What troubled her most happened after a reporter asked her to pose with her unemployment certificate for a photo to prove her "innocence." The next day, the photo was everywhere online, with her detailed information. "I am not a murderer," she protested angrily, "why should I pose like that and let the entire of China know that I was laid off and divorced?" According to people close to her, Guo has become hysteric lately. Xinhua reporters had difficulty persuading her to meet with them, and she would only do so on the condition that the interview be conducted far away from her apartment. Liu Tao, vice director with the Housing Administration Bureau of the Chaoyang District, has done a calculation. The monthly rent of low-rent houses in the district was 33.6 yuan per square meter. The figure was multiplied by the size of her apartment to get the rent, 1,545 yuan. According to local policies, the government pays 95 percent of the rent. Therefore, Guo herself should turn in only 5 percent, 77 yuan in total. "In the Lijingyuan Community 487 low-income households signed leases for low-rent houses," Liu said. Despite the clarification of local officials and Guo herself, doubt still lingers. Sun Yingchun, a professor with the School of Foreign Studies of the Communication University of China, believed that people's doubt over Guo' s identity and truth of the news showed their lack of understanding to the low-rent house policy. "The TV report didn't make it clear to the people," he said.The report, without specifying calculation to the rent, just told audiences of the result, 77 yuan, which was too low to be true. Besides, Sun noted that the incident gave people an outlet to vent their anger about high housing prices. Despite a series of policies to cool down the housing market, the average price of housing sold by 30 major real estate companies in China stood at 10,286.42 yuan per square meter last year, up 23.98 percent year on year. Housing was just one of many problems concerning people's livelihood which Sun believed that "for a long time the government didn't address properly." As a result, "people would distrust what the mainstream media reported," he said. These reports, like the "77-yuan tenant" story, seemed to many as too rosy to be true, he added. However, Sun said the doubt showed democratic progress. "The voice of the netizens was not interfered with by the government, and people were free to find the truth by themselves," he said. The government also endeavored to improve people's livelihood. To make houses affordable for the people, about 3.7 million affordable houses were built nationwide in 2010 and 2011, and 10 million more apartments will be built for the low-income group this year. Beijing has now 240,000 households living in low-rent houses. The government has pledged to make low-income housing projects take up 60 percent of the housing supply in five year. Before moving to her apartment in Lijingyuan Community, Guo said she could only afford to rent houses from farmers of some six to eight square meters in size. "This is the only place I feel like I want to live," she said. "People are eager to have houses, but the government has to do its job step by step," Liu Tao said. "Helping the most impoverished is our priority." Enditem

WASHINGTON, Dec. 2 (Xinhua) -- China's rapid economic growth is good for the U.S. workers, and the U.S. government is committed to improving bilateral economic relations with China, said U.S. Commerce Secretary Gary Locke on Thursday."China has lifted almost 200 million people out of poverty (in the past two decades). And in the years ahead, hundreds of millions more Chinese will ascend into the middle class," Locke said at a U.S.-China commercial relations forum, which was held in Washington ahead of the U.S.-China Joint Commission on Commerce and Trade (JCCT) session scheduled for Dec. 14-15."The United States welcomes this growth because this is good for the people of China ... it's good for the global economy, and good for U.S. business and ultimately, U.S. workers," said Locke.He noted that as recently as 40 years ago, the commercial relationship between the United States and China barely existed. But in the recent decades, "we have seen our countries grow progressively closer."In 2009, the bilateral trade volume reached some 365 billion dollars. China was the largest supplier of U.S. goods imports in 2009 and was the third-largest market for U.S. exports, only after Canada and Mexico.Locke mentioned that as U.S. Commerce Secretary, he has visited China for four times."Each time I visit China, I'm absolutely amazed by the transformation and the progress within China," he said.Locke noted that although there are disagreements between the two sides, there are more opportunities for cooperation."In many areas, especially in emerging industries, like clean energy and biotechnology, the interests of China and the United States are tied together. And the reform as good for the U.S. will be good for China as well," he added.Locke also revealed that during the upcoming 21st session of the JCCT in Washington D.C., the two countries will seek to further "nurture and improve the most highly-scrutinized bilateral economic relationship on Earth.""This is our most important bilateral dialogue or mechanism for resolving trade and investment issues between our two countries," he stressed.The session will be co-chaired by Locke and U.S. Trade Representative Ron Kirk with Chinese Vice Premier Wang Qishan. U.S. Secretary of Agriculture Tom Vilsack will also join the dialogue.

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