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SHANGHAI, Nov. 16 (Xinhua) -- Visiting U.S. President Barack Obama said Monday that different countries should learn from each other to diversify cultures in the world.     "Each country in this interconnecting world has its own culture, its own history, and its own traditions," Obama said during a dialogue with Chinese students in the Shanghai Science and Technology Museum.     "It is very important for the United States not to assume what is good for us is automatically good for somebody else," he said when responding to a question raised by a Shanghai college student about how to promote cultural exchanges between different countries. U.S. President Barack Obama gestures as he delivers a speech at a dialogue with Chinese youth at the Shanghai Science and Technology Museum during his four-day state visit to China, Nov. 16, 2009    Obama said one of the U.S. strengths is the country has a very diverse culture, and has people coming from all around the world. "There is no one definition of what America looks like," he added.     He cited his family as an example of diverse cultures, saying the family is like "the United Nations" as his father was from Kenya, his mother from Kansas of the U.S. Midwest, while his sister was a half-Indonesian married to "a Chinese person from Canada."     Obama flew into Shanghai from Singapore on Sunday night to kickoff his four-day visit to China, his first trip to the Asian country since taking office in January.     Later Monday, he will fly to Beijing, where he will hold talks with Chinese President Hu Jintao and meet with other Chinese leaders.

TAIPEI, Nov. 9 (Xinhua) -- The Kuomintang (KMT) honorary chairman Wu Poh-hsiung Monday said the peaceful cross-Straits development was the "right path", while meeting here with Liang Baohua, secretary of Jiangsu Provincial Committee of the Communist Party of China (CPC).     "Practice is sole criterion for testing truth. The development of cross-Straits ties over the past year has made me strongly feel that it is the right path to seek peaceful development," Wu said. Wu Poh-hsiung (Center Right), honorary chairman of the Kuomintang, meets with Liang Baohua (Center Left), secretary of Jiangsu Provincial Committee of the Communist Party of China (CPC) in Taipei, east China's Taiwan Province, Nov. 9, 2009.Wu made the remarks in a meeting with Liang, who heads a delegation arriving in Taiwan on Monday afternoon for a six-day tour of exchange and cooperation.     Invited by the Kuomintang (KMT) Central Committee, Liang was the first chief of a CPC provincial committee to visit Taiwan.     Wu mentioned the mutual care between Taiwan and the Chinese mainland after the Sichuan earthquake last year and the typhoon Morakot in Taiwan this year.     Liang said the visit itself was a reflection of peaceful cross-Straits development.     "Jiangsu is among the regions on the mainland that have closest exchanges and cooperation with Taiwan. Our visit is to implement the common prospects for peaceful cross-Straits development with pragmatic measures," Liang said.     The CPC and KMT reached an agreement on the common prospects for peaceful cross-Straits development in 2005.

SINGAPORE, Nov. 14 (Xinhua) -- Chinese President Hu Jintao and other leaders of the Asia-Pacific Economic Cooperation (APEC) member economies met Saturday to explore ways of countering the international financial crisis and reviving the world economy.     During the two-day meeting, the APEC leaders were to focus on the financial crisis, climate change, protectionism, supporting a multilateral trading platform, and advancing regional economic integration. APEC leaders exchanged views on "connecting the region" during the opening session. Chinese President Hu Jintao attends the 17th Asia-Pacific Economic Cooperation (APEC) Economic Leaders Meeting in Singapore, Nov. 14, 2009    Chinese President Hu Jintao expounded on China's position concerning multilateral trading.     Hu said in his remarks that safeguarding a stable multilateral trading mechanism and advancing the Doha Round negotiations would help promote the openness of international trade, curb protectionism and revive the world economy. Chinese President Hu Jintao (2nd L) shakes hands with Malaysian Prime Minister Najib Tun Razak during the Asia-Pacific Economic Cooperation (APEC) Leaders' luncheon on Nov. 14, 2009 in Singapore. Such moves are of vital importance to all members, particularly the developing members, in countering the financial crisis, and conform to the common interests of all relevant parties, Hu said.     "We must be committed to our promises, strongly oppose trade protectionism in all its manifestations, be vigilant against and correct the 'invisible' protectionism acts in various forms, reduce and eliminate trade barriers, and solve trade disputes through dialogue and coordination, thus creating favorable conditions of the full recovery and long-term development of world economy," Hu said.     The Chinese president said China strongly supports trade and investment liberalization and facilitation and is committed to establishing a fair, open, equitable and non-discriminatory multilateral trading mechanism.     "China is ready to work with other members to play a constructive role and advance the Doha Round negotiations, on the basis of locking in the existing achievements and respecting the Doha mandate," he said.     "We are ready to speed up the settlement of the remaining issues and work for early comprehensive and balanced outcomes in the negotiations at an early date in order to achieve the goals of the development round," Hu said.     The Chinese president also made a three-point proposal to APEC for improving its cooperation efficiency:     -- To continue to promote trade and investment liberalization and facilitation, focusing on its own characteristics:     "Through meeting the Bogor Goals on schedule next year by the APEC developed members, the APEC will demonstrate its determination to advance trade and investment liberalization, and oppose trade protectionism," Hu said.     Such a move is of great significance to increasing confidence, expanding regional trade and pushing forward regional economic integration, Hu added.     China supports APEC in "meeting the Bogor Goals on schedule by its developed members" as its priority working agenda, and to advance it steadily, Hu said.     -- To increase input and advance economic and technological cooperation for more fruitful results:     Hu announced that China will allocate 10 million U.S. dollars to establish an APEC cooperation fund in China, to encourage and support relevant agencies and enterprises to participate in APEC economic and technological cooperation.     -- To reform and make innovations to inject new vitality to the APEC mechanism:     APEC should adapt itself to new situations, meet the challenges, and steadily advance its reform and structural construction, the Chinese president said.     Following the first-day session of the APEC Economic Leaders Meeting, the Chinese president, together with other leaders of the APEC member economies, met with representatives of the APEC Business Advisory Council.     They exchanged views on opposing protectionism, promoting investment facilitation, climate change negotiations and advancing regional economic integration.     The two-day Economic Leaders Meeting is the culmination of this year's annual APEC meetings, which also include the ministerial meeting, senior officials' meeting and a business summit.     According to Chinese officials accompanying Hu, the Chinese president was to elaborate on China's stance on the battle against the financial crisis and the global economic recovery, China's position on the challenges posed by climate change, food and energy security, and China's views on APEC's future development.     Since APEC's inception in 1989, APEC's total trade has grown 395 percent, significantly outpacing the rest of the world. During the same period, the GDP (in purchasing power parity terms) in the APEC region has tripled, while the GDP in the rest of the world has only less than doubled.     APEC's 21 member economies are Australia, Brunei, Canada, Chile, China, China's Hong Kong, Indonesia, Japan, Republic of Korea, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, the Philippines, Russia, Singapore, Chinese Taipei, Thailand, the United States and Vietnam.

TAIPEI, Oct. 21 (Xinhua) -- Taiwan leader Ma Ying-jeou vowed Wednesday that he will push forward the reform of the Kuomintang (KMT) "at full speed" four days after he took the position of the party's chairman.     He said his aim of running for the chairman was to guarantee closer cooperation between the party and the administrative authorities to make the administrative work more effective.     Ma made the remarks Wednesday at the first conference for the Central Standing Committee of the KMT since he took the position.     Ma stressed that it is now a key period to strengthen the relations between the party and the administrative authorities as the island's economy is showing signs of revival.     During the conference, the party approved a decision to remove two officials from their newly-elected positions as the members of the KMT Central Standing Committee for being involved in vote-buying.

BEIJING, Dec. 12 (Xinhua) -- China should take more forward looking and preemptive measures to fight inflation expectations following this year's credit boom and runaway property prices, said a report released by a leading Chinese bank.     Bank loans should be extended at a more reasonable pace with improved structures next year and policy fine-tuning is necessary, the Bank of Communications has said in a report released by its financial research center.     The government should maintain the continuity and stability of its monetary policy and meanwhile be more targeted and flexible, it said.     The report noted an over brisk equity and property market are always prelude of inflation. Money flow should be regulated to prevent asset bubbles.     It also suggested government increase supply of land resources and affordable housing and crack down on land enclosure to curb skyrocketing property prices which gained the most in 14 months in November.     CPI, the main gauge of inflation, jumped 0.6 percent in November from a year ago, the first monthly growth since January, because of lower statistical bases and rising food prices.     The producer price index (PPI), a major measure of inflation at the wholesale level, declined 2.1 percent in November from a year earlier.     The report expected PPI to end monthly drop in December, and the annual CPI decline to narrow to 0.8 percent.     Hyperinflation is unlikely and CPI is predicted to rise four percent next year, it said.

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