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LANZHOU, Sept. 14 (Xinhua) -- Inspectors had found poisonous chemical in the Sanlu infant formula produced by one of its partner producers in northwest China's Gansu Province, an official said on Sunday.     Two out of the 12 samples randomly selected from the Sanlu milk powder produced by the Haoniu Dairy Co., Ltd. in Jiuquan City had tested positive for melamine, said Xian Hui, vice-governor of Gansu.     "The products of Haoniu have been sealed up," he said.     The test was conducted after the Sanlu Group, a leading Chinese dairy producer based in northern Hebei Province, admitted that it had found some of its baby milk powder products were contaminated with melamine, a chemical raw material strictly forbidden by the country to be used in food processing.     As of Saturday, a total of 432 babies throughout the nation have been sickened with kidney stones after drinking the contaminated milk powder.     Haoniu was founded in 2002 with the registered capital of 51 million yuan (7.45 million U.S. dollars). Its production was in line with the Sanlu standard and its products use the Sanlu trademark.     As of Saturday night, Gansu has reported 102 cases of infant kidney stone caused by the Sanlu milk powder. Two babies have died, Xian said.     The province has so far seized altogether 164,000 packs of Sanlu milk powder.

BEIJING, Oct. 4 (Xinhua) -- The ongoing global financial turbulence will have a limited impact on China's banks and financial system in the short run, according to officials and experts.     "We feel China's financial system and its banks are, to the chaos developed in the U.S. and other parts of the world, relatively shielded from those problems," said senior economist Louis Kuijs at the World Bank Beijing Office.     He told Xinhua one reason was that Chinese banks were less involved in the highly sophisticated financial transactions and products.     "They were lucky not to be so-called developed, because this (financial crisis) is very much a developed market crisis." Farmers harvest rice in 850 farm in Northeast China's Heilongjiang Province on Sept. 26, 2008.    A few Chinese lenders were subject to losses from investing in foreign assets involved in the Wall Street crisis, but the scope and scale were small and the banks had been prepared for possible risks, Liu Fushou, deputy director of the Banking Supervision Department I of the China Banking Regulatory Commission, told China Central Television (CCTV).     Chinese banks had only invested 3.7 percent of their total wealth in overseas assets that were prone to international tumult, CCTV reported. The ratio of provisions to possible losses had exceeded 110 percent at large, state owned listed lenders, 120 percent at joint stock commercial banks and 200 percent at foreign banks.     Kuijs noted most of the banks resided in China where capital control made it more difficult to move money in and out. Besides, the country's large foreign reserves prevented the financial system from a lack of liquidity, which was troubling the strained international markets.     "At times like this, one cannot rule out anything," he said. "But still we believe the economic development and economic fundamentals in China are such that it's not easy to foresee a significant direct impact on the financial system."     However, he expected an impact on China's banks coming via the country's real economy, as exports, investment and plans of companies would be affected by the troubled world economy and in turn increase pressure on bad loans.     Wang Xiaoguang, a Beijing-based macro-economist, said the growing risks on global markets would render a negative effect on China in the short term but provided an opportunity for the country to fuel its growth more on domestic demand than on external needs.     He urged while China, the world's fastest expanding economy, should be more cautious of fully opening up its capital account, the government should continue its market reforms on the domestic financial industry without being intimidated.     Chinese banks had strengthened the management of their investments in overseas liquid assets and taken a more prudent strategy in foreign currency-denominated investment products since the U.S.-born financial crisis broke out, CCTV reported.

BEIJING, Aug. 22 (Xinhua) -- Chinese President Hu Jintao met with British Prime Minister Gordon Brown here on Friday to exchange views on the Beijing Olympic Games and explore room for further cooperation in Games-related issues and other fields.     Hu extended a warm welcome to Brown, who arrived in Beijing on Friday morning to watch the Games and attend the closing ceremony scheduled for Sunday night, and expressed thanks for the support the British government and people have rendered for the Beijing Games. Full storyChinese President Hu Jintao (R) meets with Australian Governor-General Michael Jeffery in Beijing, China, Aug. 22, 2008. Michael Jeffery is here to attend the closing ceremony of the Beijing Olympic GamesBEIJING, Aug. 22 (Xinhua) -- Chinese President Hu Jintao met with Australian Governor-General Michael Jeffery on the sidelines of the Beijing Olympics Games on Friday to renew the two countries' friendship and seek further cooperation.    As two important countries in the Asia-Pacific region, China and Australia are principal partners for cooperation and share extensive and vital common interests, Hu said. Full storyChinese President Hu Jintao (R) meets with Icelandic President Olafur Ragnar Grimsson, who is here to attend the closing ceremony of the Beijing Olympic Games, in Beijing, China, Aug. 22, 2008BEIJING, Aug. 22 (Xinhua) -- Chinese President Hu Jintao met on Friday with Icelandic President Olafur Ragnar Grimsson on the sidelines of the Beijing Olympic Games to discuss bilateral relations and areas for further cooperation.    China and Iceland have enjoyed traditional friendship and maintained friendly cooperation, said Hu. Such a relationship is a good example of equal treatment and friendly cooperation between countries with different social systems and at different stages of development, he addedChinese President Hu Jintao (3rd L) meets with President of the Commonwealth of Dominica Nicholas Liverpool (2nd R), who is here to attend the closing ceremony of the Beijing Olympic Games, in Beijing, China, Aug. 22, 2008

BEIJING, April 9 (Xinhua) -- Chinese President Hu Jintao inspected the southern province of Hainan before attending the annual meeting of the Boao Forum for Asia (BFA) opening on Saturday.     The forum, April 11-13, is a platform for high-level interaction between leaders from Asia and the world. Boao has been the permanent venue of the annual regional economic forum since 2001.     Hu, also general secretary of the Communist Party of China Central Committee, discussed reform and development issues with local officials and visited with a public made up of various ethnic groups during the inspection tour that started on Monday.     The island province marks the 20th anniversary of the founding of the Hainan special economic zone (SEZ) later this month. Hu visited an exhibition marking the anniversary at the provincial museum.     "Over the past two decades, Hainan's economic and social development has made a remarkable progress. The appearance of cities and villages has undergone profound changes. Practice shows the policy of setting up SEZ in Hainan is completely correct," said the president. Chinese President Hu Jintao (2nd R Front) talks with a farmer in a paddy field at Binglang Village of Fenghuang Town in Sanya, a city in south China's Hainan Province, April 9, 2008. President Hu made an inspection tour in Hainan Province on April 7-9    Founded in 1988, Hainan is one of the five SEZs established since 1980. The others are Shenzhen, Zhuhai, Shantou and Xiamen, all in southern China.     Hu showed his respect for the island's model workers, farmers, teachers and police who had made great contribution to Hainan's development. "You have done extraordinarily at ordinary positions," Hu told them.     The president also revisited the state-level Yangpu Economic Zone in the northwest of the island. Twelve years before, he had been to the zone.     Hu was very happy to learn that last year Yangpu's economy increased by 60 percent and its import and export value was up by 213 percent.     The president said he hoped Hainan to deepen reform, further implement the Scientific Outlook on Development and play a leading role in reform and opening up.     He later inspected a Sinopec oil refining company in Hainan and visited a 300,000-ton crude oil dock.     Leaving the oil-handling terminal, Hu went to the Yangpu Harbor, which boasted the best natural conditions among all deep water ports of the island. The throughput of the harbor, launched in 1990, reached 4.27 million tons in 2007.     Hu encouraged officials and workers to seize the regional economic cooperation opportunity. Chinese President Hu Jintao (2nd L) learns cowpea's growth and sale from farmer Huang Zhengguang (1st R) of the Li ethnic group at Shandao Village of Jianfeng Town in Ledong Li Autonomous County, south China's Hainan Province, April 8, 2008. President Hu made an inspection tour in Hainan Province on April 7-9    On his inspection tour, the president also went among farmers and into Li ethnic villages, learning their difficulties in farming and medical services.     Hu showed great concerns over the island's environment, stressing Hainan must promote the conservation culture, save energy resources and protect ecosystems.     "The education on environmental protection should be thoroughly conducted and ecological protection measures should be strictly implemented so as to effectively preserve the island's nature-bestowed original ecological wonder," Hu said.     Hu also visited a navy troop in Sanya City and examined their armaments. He also asked local officials to apply a cautious, industrious and clean work style.

BEIJING, Aug. 9 (Xinhua) -- Chinese President Hu Jintao on Saturday met separately with several foreign leaders in the Great Hall of the People in central Beijing.    The foreign leaders included President of the Republic of Korea (ROK) Lee Myung bak, President of the Philippines Gloria Macapagal Arroyo, Mongolian President Nambaryn Enkhbayar, Uzbek President Islam Karimov, and Australian Prime Minister Kevin Rudd.     The leaders all attended the opening ceremony of the Beijing Olympic Games, held in the National Stadium in north Beijing on Friday night. Chinese President Hu Jintao (R) shakes hands with President of the Republic of Korea (ROK) Lee Myung bak during their meeting in Beijing, China, Aug. 9, 2008. Lee Myung bak attended the opening ceremony of the Beijing Olympic Games on Friday night. In his meeting with the ROK president, Hu called for more efforts from all parties involved to advance the six-party talks to a new stage.     "We hope all parties of the six-party talks enhance communication and coordination, try to implement the second phase action of the talks soon in a comprehensive and balanced way, and advance the talks to a new stage," said Hu.     He reaffirmed China's consistent support for the reconciliation and cooperation between the north and south of the Korean Peninsula.     The ROK president responded that the six-party talks are progressing on the right track, and the ROK will strive to promote the development of south-north relations in the right direction.     On the China-ROK relationship, President Hu said the relationship is heading in the right direction, and he is looking forward to his forthcoming state visit to the ROK.     Lee said the ROK government and people are pleased with the establishment and development of the strategic partnership with China and are looking forward to Hu's visit. Chinese President Hu Jintao (R) shakes hands with President of the Philippines Gloria Macapagal Arroyo during their meeting in Beijing, China, Aug. 9, 2008. Gloria Macapagal Arroyo attended the opening ceremony of the Beijing Olympic Games on Friday night. Meeting with President Arroyo, Hu said that trade and economic cooperation between China and the Philippines in recent years has maintained rapid development and brought concrete benefits to the two peoples.     "We hope China and the Philippines forge ahead with the existing trade and economic cooperation projects, and explore new fields of cooperation at the same time," Hu said.     Hu also thanked Arroyo for her invitation of 100 Chinese children from the quake-battered areas to visit the Philippines for rehabilitation.     Reiterating the Philippines' adherence to the one-China policy, Arroyo said that her country looks forward to deepening and expanding cooperation with China in various fields. Chinese President Hu Jintao (R) shakes hands with Mongolian President Nambaryn Enkhbayar during their meeting in Beijing, China, Aug. 9, 2008. Nambaryn Enkhbayar attended the opening ceremony of the Beijing Olympic Games on Friday night.In the meeting with his Mongolian counterpart, Hu said that China and Mongolia are on a smooth track of developing their relations, and the two countries have broad potentials and bright prospects in friendly cooperation.     He said that the two countries will celebrate the 60th anniversary of the establishment of their diplomatic ties next year, and hoped that the two sides could hold various activities to enhance friendship and bolster exchanges.