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PHOENIX, United States, Sept. 8 (Xinhua)-- Top Chinese legislator Wu Bangguo said here Tuesday that despite the financial crisis he was confident about "the bright future" of the Chinese-U.S. economic cooperation and trade. "Although no clear signs of world economic recovery have emerged and the long-term impact of the international financial crisis cannot be overlooked, we can be confident about a bright future of China-U.S. economic cooperation and trade," said Wu, Chairman of the Standing Committee of China's National People's Congress. Wu Bangguo (R, front), chairman of the Standing Committee of China's National People's Congress, the country's top legislature, meets with Arizona Governor Jan Brewer (L, front) in Phoenix of Arizona state, the United States, Sept. 6, 2009Wu made the remarks at the one-day U.S.-China Economic and Trade Cooperation Forum which was held in Phoenix. Attending the forum were more than 200 government officials and business representatives from both countries.     Wu said such confidence can be based on the following three reasons:     First, the general trend of China-U.S. economic cooperation and trade will not change. This can be highlighted by two points.     The first point is: the fact that the Chinese and American economies are mutually complementary has not changed.     For China the largest developing country in the world, the top priority is development. Over the past three decades of reform and the opening-up, China's economy has maintained an average annual growth rate of 9.8 percent. It was able to grow by 7.1 percent even in the first half of this year, and is expected to reach the target of around 8 percent growth for the whole year. The accelerated pace of industrialization and urbanization has generated great investment demand in China, which is at the same time a market of 1.3 billion consumers. China's development and huge market provide an inexhaustible source of business opportunities and impetus for the economic recovery and development of all countries, including the United States.     The United States is the largest developed country and accounts for 18.3 percent of the world's total GDP and 43 percent of the world's consumer market. It has a trade volume unmatched in the world and is an obvious leader in science and technology, human resources, managerial expertise and marketing.     "The complementary nature of our two economies has not been changed by the international financial crisis," Wu stated.     The second point is that the foundation of China-U.S. economic cooperation and trade remains strong.     In 2008, bilateral trade amounted to 333.74 billion U.S. dollars, making China and the U.S. each other's second largest trading partners. In the past five years, American exports to China grew by 20 percent annually. Last year, China accounted for 49 percent and 34 percent of American soybean and cotton exports respectively. In cumulative terms, the United States has invested over 61 billion U.S. dollars in 57,000 projects in China. In the first seven months of this year, China and the United States signed 888 technology contracts worth 3.26 billion U.S. dollars, up 41.3 percent year on year. They represents 25.3 percent of the total value of technology introduction contracts signed by China and makes America the largest source of technology for China. Although China-U.S. trade experienced a year-on-year drop in the first half of 2009, the decline is nearly 7 percentage points smaller than that of China's foreign trade as a whole.     "These figures provide sufficient evidence that the China-U.S. economic and trade relationship is one of cooperation and win-win progress, and such a basic pattern has not been changed by the international financial crisis," Wu said.     Second, the economic stimulus plans implemented by China and the United States have created new business opportunities.     To counter the impact of the international financial crisis and maintain steady and relatively fast economic development, the Chinese Government has introduced a proactive fiscal policy and a moderately easy monetary policy and adopted a package plan to further stimulate domestic demand and generate economic growth.     To get out the economic crisis, the U.S. Government has also introduced the biggest economic stimulus package since the 1930s, covering finance, real estate, taxation, infrastructure, the auto industry, environmental protection, energy, science and technology and health care reform, among others.     "The implementation of our respective stimulus plans has offered new business opportunities for economic cooperation and trade between our two countries," Wu said.     Just before the opening of Tuesday's Forum, the two sides signed 41 agreements and contracts on investment and economic and technological cooperation worth a total of 12.38 billion U.S. dollars, involving such areas as new energy and materials, communications, electronics, machinery and tourism, Wu said in his speech.     "This is further evidence of the abundant cooperation opportunities between China and the United States. As long as we work to seek opportunities in this time of crisis, there is a lot we can achieve together," he said.     Third, the economic restructuring strategies of China and the United States will open up new areas of cooperation.     China and the United States are at different stages of economic development, but both face the arduous task of readjustment and are under pressure to adjust their respective economic development models even without an international financial crisis, Wu said.     "The financial crisis, if anything, has only made this task more urgent, " he said.     The U.S. Government wants to adjust the development model while tackling the financial crisis and considers green technologies essential to its efforts to revitalize economic growth, enhance international competitiveness and create jobs. Likewise, China, in its effort to maintain steady and relatively fast economic development, aims to achieve sustainable development while resolving the current difficulties, Wu said.     "We are making great effort to adjust economic structure, upgrade industries and expand domestic demand, especially consumer demand, and transform the economic development model," Wu said.     "As China and the United States restructure our respective economies, we can foster new areas of economic and trade cooperation, especially in the economic and technological fields and between businesses. They may range from low carbon economy, renewable energy, clean energy, clean coal, carbon capture and storage to smart grid, efficient buildings and new energy vehicles," Wu said.     Wu arrived in Arizona on Sunday on the final leg of a three-nation North American tour. He has left Arizona for Washington for a visit in which he is expected to meet with President Barack Obama, Vice President Joe Biden, Secretary of State Hillary Clinton and House Speaker Nancy Pelosi.

WASHINGTON, Aug. 1 (Xinhua) -- The G20 summit of world leaders in Pittsburgh this September should help promote the world economic recovery, said Chinese Vice Foreign Minister He Yafei recently.     During the first coordinating meeting, which kicked off on Thursday, the participanting countries agreed that they should strengthen the coordination and cooperation to help the summit achieve positive and pragmatic outcomes.     The Pittsburgh Summit should continue to promote all sides to strengthen the coordination of their macro economic policies and to boost the world economic recovery, said He during the two-day meeting.     He also urged the upcoming summit to implement actively the outcomes of the G20 London Summit, to speed up the reforms of the international financial institutions, and to expand the representations of the emerging and developing countries.     China hopes the summit will pay more attention to the development issue and to boost the world economy to achieve long-term and sustained growth by promoting common development, said He.

BEIJING, Aug. 28 (Xinhua) -- The China Economic and Social Council(CESC) wants to boost exchanges with Niger's Economic, Social and Cultural Council (CESOC), a senior Chinese official said Friday.     Wang Gang, chairman of the CESC and member of the Political Bureau of the Communist Party of China (CPC) Central Committee, made the remarks when he met with the chairman of the CESOC Amadou Cheiffou in Beijing.     Both councils grouped experts in social and economic development, Wang said, and could learn from each other, as they deepened cooperation.  Wang Gang (R), member of the Political Bureau of the Communist Party of China Central Committee,vice-chairman of the National Committee of the Chinese People's Political Consultative Conference,and chairman of China Economic and Social Council, meets with Cheiffou Amadou, chairman of Niger's Economic, Social and Cultural Council, in Beijing, capital of China, on Aug. 28, 2009    Wang, also vice chairman of the National Committee of Chinese People's Political Consultative Conference, said the two nations' relations had developed well since they resumed diplomatic ties 13years ago.     He also expressed appreciation to Niger's adherence to the one-China policy and its support on issues related to Taiwan and Tibet.     Cheiffou said the CESOC would continue to work to further its traditional relationship with China.     Cheiffou began the eight-day visit on Aug. 23. Beijing is the last leg of his tour, which has also taken in Shanghai and Guangzhou.

HONG KONG, Sept. 8 (Xinhua) -- The Commercial Aircraft Corporation of China displayed a scale model of its jetliner C919,the country's first home-grown large commercial airliner, for the first time at the Asian Aerospace '09 on Tuesday. With a scale of one to ten, the model was so far "the most precise one put up for public display," said Guo Bozhi, president of the Shanghai Aircraft Design and Research Institute, a unit of the Commercial Aircraft Corporation of China, or COMAC.     The mockup was displayed at a prominent position at the Asian Aerospace, Asia's leading air show, side by side with industry giants like Boeing and Airbus. Together with some ten other Chinese mainland-based manufacturers, suppliers and service providers at the show, it attracted attention of media from around the world. A mockup of jumbo jet C919, the major project of the Commercial Aircraft Corporation of China (COMAC), is displayed at the Asian Aerospace '09 in Hong Kong, China, Sept. 8, 2009. COMAC is a company established in 2008 with the State Council approval to develop C919, the first home-made jumbo jet of China. It is expected to enter service in 2016    "It's the first time that China has put a face in front of the global aviation industry," said Richard Thiele, global head of sales for Reed Exhibitions, organizer of the show.     COMAC has currently sent out requests for proposal, or RPFs, to over 100 potential suppliers, both domestic and international, and signed memorandums of understanding with nine domestic airframe suppliers. The company has been in touch with engine suppliers including General Electric, Rolls Royce and Pratt&Whitney, Guo said. A mockup of jumbo jet C919, the major project of the Commercial Aircraft Corporation of China (COMAC), is displayed at the Asian Aerospace '09 in Hong Kong, China, Sept. 8, 2009The Shanghai-based company has been using standard bidding process in line with international practices for the systems and equipment it needed for the C919 project, said Wang Wenbin, assistant general manager of COMAC.     COMAC was set up with state approval in 2008 to develop China's first home-grown jumbo jet. It has a registered capital of 19 billion yuan (2.78 billion U.S. dollars), with the State-owned Assets Supervision and Administration Commission as the biggest shareholder.     The company has said the maiden flight of C919 was planned for late 2014, with delivery expected by 2016. It was intended as a single-aisle airliner to target the short and medium haul markets in eight to ten years from now, Wang said.     If successful, COMAC plans to produce 50 C919 aircraft each year at the early stage and annual production could reach 100 or even more at a later stage, depending on how it is received by the market, Guo said. A mockup of jumbo jet C919, the major project of the Commercial Aircraft Corporation of China (COMAC), is displayed at the Asian Aerospace '09 in Hong Kong, China, Sept. 8, 2009. C919 has a standard range of 4,075 kilometers, and the extended range can reach a maximum of 5,555 kilometers. It has a designed capacity of 168 seats for the full economy class version and 156 seats for mixed class version.     Wang said China has been behind leading industry players in commercial airliner development and is aspiring to have its own home-made large commercial airliner.     COMAC plans to develop the C919 under the cooperation model involving suppliers and main manufacturers, and international partnership are welcome, he said.

NEW DELHI, Aug. 8 (Xinhua) -- The 13th China-India Boundary Talks were held on Friday and Saturday in the Indian capital.     Chinese Special Representative, State Councilor Dai Bingguo and Indian Special Representative, National Security Advisor to the Prime Minister M.K. Narayanan exchanged in-depth views about relevant issues in an atmosphere of frankness and friendliness. Chinese State Councilor Dai Bingguo (R), special representative of China in the China-India Boundary Talks, shakes hands with Indian special representative, National Security Advisor to the Prime Minister M. K. Narayanan, in New Delhi, on Aug. 7, 2009. The 13th round of China-India Boundary Talks kicked off here on Friday.Dai also met with Sonia Gandhi, Chairperson of the Indian Congress Party and Prime Minister Manmohan Singh during his visit in India.     Both sides agreed to press ahead with the framework negotiations in accordance with the agreed political parameters and guiding principle so as to seek for a fair and reasonable solution acceptable to both countries. Prior to that, both sides should work together to maintain peace and tranquility in the border areas. Chinese State Councilor Dai Bingguo (L, front) meets with Indian Prime Minister Manmohan Singh in New Delhi, India, Aug. 8, 2009. Dai is Chinese special representative here attending the 13th meeting of special representatives of China and Indian on the boundary issue.During the talks, the two sides exchanged in-depth views on the further development of China-India Strategic Cooperative Partnership, as well as regional, international and global issues of mutual interest.     The Chinese side pointed out that the Chinese Government and people value the strategic and cooperative partnership between China and India, the largest two developing nations with a combined population accounting for 40 percent of the world's total. Indian Congress Party President Sonia Gandhi (R) shakes hands with Chinese State Councilor Dai Bingguo in New Delhi, capital of India, Aug. 7, 2009Friendly co-existence, mutual beneficial cooperation and shared progress between the two neighbors will contribute not only to the people of the two countries but also Asia and the whole world.     The Chinese side also emphasized that China and India have no other option than living in peace and developing side by side. China stands firmly committed to working with India to press ahead with the bilateral ties.     The Chinese side expressed belief that both countries need to promote the relationship with a higher and strategic perspective and continue to uphold the Five Principles of Peaceful Coexistence. China and India should endeavor to build the strategic mutual trust. Both need to expand the common interests and cooperation bilaterally and on regional and global affairs. Representatives of the two sides attend the China-India Boundary Talks in New Delhi, India, on Aug. 7, 2009.Both countries should take concrete steps to enhance people-to-people and cultural interactions so as to nurture the mutual understanding and friendship between the two peoples, according to the Chinese delegation.     As for the questions left over from history, China believes the two countries should work to seek for a fair and reasonable mutually acceptable solution through peaceful and friendly negotiations. Chinese representatives attend the China-India Boundary Talks in New Delhi, on Aug. 7, 2009.For the future development of the bilateral ties, the Chinese side made the following suggestions:     -- The two countries need to maintain the momentum of high-level exchanges, well celebrate the 60th anniversary marking the establishment of the diplomatic relations between the two countries, especially the China Festival and India Festival in each other's country in 2010;     -- Both countries should strengthen mutually beneficial cooperation in the economic field and trade, fully tap the potential for cooperation and properly handle frictions and questions thereof and stand side by side against trade protectionism so as to ensure the sustained and healthy development of bilateral economic ties.     -- The two neighbors should enhance people-to-people and cultural exchanges, those between the youth, academic institutions, media and localities in particular, and deepen defense cooperation and continue the defense and security talks.     -- China and India should also intensify the coordination and cooperation on major international issues, especially the global efforts in response to world financial crisis, climate change, energy and food security so as to promote evolution of international system that is in favor of developing nations.     The two sides also exchange views on the situation in South and Northeast Asia.