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HANGZHOU, Aug. 24 (Xinhua) -- China's east coast remains on alert Friday as a pair of typhoons threaten to wreak havoc.

Hong Kong's remarkable achievement proves that the "one country, two systems" is the best solution to the Hong Kong question left over from history and the best institutional arrangement for the long-term prosperity and stability of Hong Kong after its return to the motherland, Hu said at the inaugural ceremony of the fourth- term government of the HKSAR and Chief Executive Leung Chun-ying at the Hong Kong Convention and Exhibition Center.

BEIJING, Aug. 9 (Xinhua) -- China's consumer inflation eased to its lowest rate in two and a half years in July, giving the government more leeway to loosen credit to spur the slowing economy.

Dwindling orders from Europe and other trade partners have sapped China's exports and, combined with a cooling property sector, slowed the country's economic growth rate to 7.6 percent in the second quarter, the lowest level since the first quarter of 2009.

Faced with the international financial crisis, he added, the two sides should turn the crisis into an opportunity to further deepen mutually beneficial cooperation and inject fresh vigor into the development of bilateral relations.