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BEIJING, Jan. 12 (Xinhua) -- China and the United States on Monday agreed that Sino-U.S. relations had become one of the most dynamic and important bilateral relations in the world. Chinese Vice President Xi Jinping (R) shakes hands with former U.S. President Jimmy Carter, who is here to attend the commemorative events of the 30th anniversary of the establishment of diplomatic relations between China and the United States, in Beijing, capital of China, Jan. 12, 2009.     Chinese Vice President Xi Jinping and visiting former U.S. President Jimmy Carter made the consensus when addressing a reception in the Great Hall of the People to mark the 30th anniversary of diplomatic ties between the two countries. Chinese Vice President Xi Jinping addresses the commemorative reception of the 30th anniversary of the establishment of diplomatic relations between China and the United States in the Great Hall of the People in Beijing, capital of China, Jan. 12, 2009. Xi hosted about 500 guests from the two countries during the reception on Monday evening.     "As one of the most dynamic and important bilateral relations in the world, Sino-U.S. relations not only benefit the two peoples, but also help world peace and development," Xi said.     Xi said that at this crucial time, during the international financial crisis, China and the United States should deal with bilateral relations from a broader global perspective and from the attitude of keeping pace with the times.     He called for the two nations to constantly review bilateral relations from a strategic and overall perspective and firmly pursue constructive and cooperative relations. Former U.S. President Jimmy Carter addresses the commemorative reception of the 30th anniversary of the establishment of diplomatic relations between China and the United States in the Great Hall of the People in Beijing, capital of China, Jan. 12, 2009.     The two countries should maintain exchanges and improve all dialogue and cooperation mechanisms, so as to increase mutual understanding and trust, Xi said.     China and the United States should increase cooperation to jointly respond to global challenges, and expand common interests to contribute more to world peace and development, he added.     Xi also called for the two countries to abide by the three Sino-U.S. joint communiques and respect each other's core interests in a bid to safeguard and promote their relations. Chinese Vice President Xi Jinping (front, 2nd R) talks to former U.S. President Jimmy Carter (front, C), who is here to attend the commemorative events of the 30th anniversary of the establishment of diplomatic relations between China and the United States, while they are taking a group photo in Beijing, capital of China, Jan. 12, 2009.     The two nations should strengthen friendly exchanges between their peoples to cement the social basis for friendship, he said.     The two countries saw trade exceed 300 billion U.S. dollars in 2007, about 120 times of that 30 years ago.     So far, the two governments have signed more than 30 agreements of cooperation, and set up more than 60 dialogue mechanisms. Chinese Vice President Xi Jinping (C) toasts to former U.S. President Jimmy Carter (L) and former Secretary of State Henry Kissinger (R) during the commemorative reception of the 30th anniversary of the establishment of diplomatic relations between China and the United States in the Great Hall of the People in Beijing, capital of China, Jan. 12, 2009.     China and the United States, as cooperative partners, not strategic opponent, enjoyed mutually beneficial relations, not zero-sum competitive ties, Xi said. The cooperation was conducive for both countries, for the Asia-Pacific region, and for the world at large.     Former U.S. President Jimmy Carter said in his address that the relationship "is the most important diplomatic relationship in the world today."     Carter, who, in office, made the decision to normalize relations with China, said, "History has shown that normalization brought greater security and prosperity to more people, not only to the U.S. and Chinese peoples, but also to the rest of the world." Former U.S. President Jimmy Carter (2nd L), who is here to attend the commemorative events of the 30th anniversary of the establishment of diplomatic relations between China and the United States, presents his new book to Chinese Vice President Xi Jinping (R) in Beijing, capital of China, Jan. 12, 2009.     He said he was fortunate to see the relationship flourish and to observe China reinventing and rebuilding herself into a nation that has "changed her mission to the Chinese people and to the world".     "If we are to overcome the challenges of the 21st Century, including global warming and climate change, disease control, terrorism, nuclear proliferation and a global financial crisis, our two nations must maintain the mutual respect that has served us in the past," he said.     "The founding principles of 'understanding, patience and persistence' that began 30 years ago should never be in danger," Carter said, referring to the incoming administration of President-elect Barack Obama.     Carter said he had always adhered to the one-China policy. "I consider it an essential policy priority of the United States that the People's Republic of China be recognized as the sole government of China," he noted.     Xi met with Carter before the reception, applauding the efforts of Carter and other politicians to promote the Sino-U.S. relations. Xi hoped they would continue their work.  

BEIJING, Nov. 21 (Xinhua) -- The Communist Party of China's (CPC) top anti-corruption official on Friday urged tighter supervision and inspection to ensure the implementation of the central government's economic policies.     He Guoqiang, secretary of the CPC Central Commission for Discipline Inspection (CCDI), made these comments at a conference held before inspection groups headed for local governments.     The central government has announced steps to spur domestic demand and boost economic development in the face of the global economic slowdown.     A supervision work leading group, composed of the CCDI, the Ministry of Supervision, the National Development and Reform Commission, the Ministry of Finance and the National Audit Office, has been set up to supervise the projects invested in by the central government and the implementation of economic policies.     Twenty-four groups will go to 31 provinces, municipalities and autonomous regions to carry out inspections.     He asked inspectors to examine project plans, as well as approval and construction procedures, to ensure they were in compliance with laws and regulations.     Supervision over the management and use of money, as well as project quality, should be tightened, He said.     He, who is also a member of the Standing Committee of the CPC Central Committee Political Bureau, added that officials found taking bribes or embezzling funds should be severely punished.

BEIJING, Oct. 31 (Xinhua) -- Chinese shares dropped 1.97 percent on Friday, the month's last trading day.     The benchmark Shanghai Composite Index lost 1.97 percent, or 34.82 points, to close at 1,728.79. The Shenzhen index was down 1.19 percent, or 70.33 points, to close at 5,839.33 points.     The combined turnover was 35.23 billion yuan (5.03 billion U.S.dollars), compared with 49.35 billion yuan on the previous trading day. Losses outnumbered gains by 656 to 199 in Shanghai and 576 to151 in Shenzhen.     Almost all sectors fell except industries related to aircraft making after the Commercial Aircraft Corporation of China Ltd. (CACC) announced Chinese indigenous regional jets would be sold to the United States, analysts said. CACC is not a publicly traded company.     Coal companies suffered the most losses. Kailuan Clean Coal Co.lost 7.21 percent to 10.3 yuan. Taiyuan Coal Gasification Company fell 4.34 percent to 7.50 yuan.     "I don't think the fall was related to recent mine accidents. It was a reflection of diminishing global energy demand," said Alex Xue, analyst with JL McGregor & Company.     The finance sector also dropped by an average of 3 percent. CITIC securities lost 2.46 percent to 17.84 yuan. Bank of Communications fell 4.20 percent to 4.33 yuan.     According to estimates from Friday's China Securities News, third-quarter profits of the country's 1,466 listed companies would fall 10.17 percent from the same period a year ago and 18.41 percent from the previous month to 206.09 billion yuan.     Operating net cash flow fell 51.75 percent to 827.4 billion yuan in the first three quarters. Analysts said rising material costs and weakening demand led to slumping profits.     The country's industrial output value growth slowed to 11.4 percent in September, the lowest rate since April 2002, the National Development and Reform Commission said on Thursday.     Despite the latest rate cut, which was viewed as helpful to stabilizing the stock market, analysts said the market could possibly continue falling. The long-term affects from the rate cut are yet to been seen.

SHIJIAZHUANG, Dec. 31 (Xinhua) -- The trial at a court here in Hebei Province of four executives of the Sanlu Group, the major dairy at the center of China's tainted milk scandal, ended without an immediate verdict at 10:10 p.m. on Wednesday.     The trial opened at 8 a.m.     Prosecutors accused Tian Wenhua, Sanlu's former board chairwoman and general manager, and three other executives of producing and selling fake or sub-standard products.     Sanlu Group Co., Ltd., represented by its trade union chairman Ran Weiguang, was also a defendant.     The three other executives are former deputy general managers Wang Yuliang and Hang Zhiqi, and Wu Jusheng, a former executive in charge of the milk procurement division.     All four defendants were arrested on Sept. 26.     At the end of the trial, Ran, on behalf of Sanlu, offered apologies to children sickened by the tainted milk and their families.     The verdict will be announced at an unspecified future date.

BEIJING, Oct. 21 (Xinhua) -- Chinese President Hu Jintao on Tuesday spoke over phone with his U.S. counterpart George W. Bush about international cooperation to cope with the ongoing global financial turmoil.     The leaders exchanged ideas about the planned international financial summits and strengthening international cooperation to stabilize the financial markets.     Bush said the United States hopes to make joint efforts with the international community to seek measures to overcome the crisis and maintain the stability of the world economy.     Hu, for his part, said China has noted the efforts made by the U.S. government to stabilize the domestic financial market. He expressed hope that the measures would take effect as soon as possible, restore investor confidence and prevent further expansion of the crisis.     The measures are conducive to the stability of the world economy and financial markets, Hu said.     The Chinese government has taken a series of important measures to tackle the financial crisis and maintain the stability of financial and capital markets, as well as ensure steady economic growth, he added.     The government of China will continue to assume a responsible attitude toward the Chinese people and people of other countries, and to work closely with the international community to maintain the stability of the global economy and financial markets, President Hu said.

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