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BEIJING, April 29 (Xinhua) -- Beijing on Thursday started to construct a new subway line that will run 47.7 km through the city.Beijing Subway Line No. 14 runs from west to northeast with 36 stops in three districts of Fengtai, Chongwen and Chaoyang, according to a spokesman with the Beijing Metro Transport Construction Management Company.The line is expected to cost 27.2 billion yuan (4 billion U.S. dollars) wand be completed in 2014. And a western section of it will be launched for public use by 2013, he added.Beijing plans to have a subway system that runs more than 300 km by the end of 2010, 420 km by 2012 and 561 km by 2015.

BEIJING, April 29 (Xinhua) -- China will shoulder more international responsibilities as it is the aspiration of the international community and in China's own interest, too, Chinese Premier Wen Jiabao said here Thursday afternoon.Wen made the remarks while meeting the press with European Commission President Jose Manuel Barroso after talks at the Great Hall of the People.Wen said China has made remarkable achievement in reform, but that Chinese leaders remain clear-minded about the challenges the country faces."We are determined to pursue reform and opening up and peaceful development and are confident in the future of the country and its people," he said.China supports the self-strengthening efforts of European nations, Wen said. Chinese Premier Wen Jiabao (R) attends a joint press conference with European Commission President Jose Manuel Barroso at the Great Hall of the People in Beijing, capital of China, April 29, 2010.He noted China has never interfered in the internal affairs of the European Union (EU).He expressed his belief in the EU as an independent pole in the international arena which plays a constructive role for world peace and development."No matter what changes take place in the world, China and the EU will work together to meet challenges and progress together," Wen said.

GUANGZHOU, April 18 (Xinhua) -- A research report of China's foreign trade sector Sunday predicted the world's largest exporter would more than double its foreign trade volume by 2020.It also called on China to improve the quality of foreign trade sector and to lower import tariffs to promote the nation's trade balance.The report, launched by the Ministry of Commerce (MOC) Sunday at the ongoing 107th China Import and Export Fair, the country's largest trade fair held in the southern city of Guangzhou, predicted the China's foreign trade volume would hit 5.3 trillion U.S. dollars by 2020.Merchandise exports will top other countries and be 2.4 trillion U.S. dollars in 2020, 10.1 percent of the world total, while imports will reach 1.9 trillion U.S. dollars and rank second largest, accounting for 8.2 percent of the world total, according to the report, jointly compiled by researchers with think-tanks under the MOC, the Ministry of Finance, and the Chinese Academy of Social Sciences.The report was seen by analysts and officials as a "road map" which lays out a theoretical basis for the reforms in China's trade policies and mechanisms over the next decade.The transformation of the foreign trade growth pattern has become an urgent requirement for China in the post-crisis era, said Vice Minister of Commerce Zhong Shan.Weighed on by the global downturn, China's foreign trade contracted to a three-decade low in 2009, with total volume down 13.9 percent year on year to 2.2 trillion U.S. dollars.Huo Jianguo, director of the Chinese Academy of International Trade and Economic Cooperation (CAITEC) under the MOC, said the financial crisis has revealed a series of substantial problems hidden behind rosy figures, as the nation's foreign trade has been expanded in an ineffective and imbalanced way, or at the cost of environment pollution.Analysts said the downturn had prompted China to adjust its exports structure, and shift focus on high-end manufacturing, energy-saving and environment-friendly industries and developing modern service industries.Li Gang, a research fellow with the CAITEC and leading writer of the report, said the global downturn has phased out a number of backward and less competitive enterprises while offering great opportunities for innovative enterprises to improve growth structure and strengthen their anti-risk capabilities.Although China reported a a deficit of 7.24 billion U.S. dollars in March, the first time over the past six years, analysts suggested decision makers to further expand imports by lowering tariffs, as a way to ease the nation's trade imbalance.Zhang Peng, a researcher with the Chinese Academy of Social Sciences, said China should increase imports of high-tech equipments, energy and resource products, and some agriculture and consumption goods in an attempt to address the trade imbalance.The nation's trade surplus has reached 1.3 trillion U.S. dollars over the last three decades, with foreign exchange reserves hitting 2.45 trillion U.S. dollars by the end of March, according to Zhang.Propping up world's economy recovery, China's foreign trade began to grow again in the first quarter, jumping 44.1 percent to 617.85 billion U.S. dollars, according to customs data.China would consolidate its position as a big trade power and make efforts to develop into a strong trader, and it would play a more active role in international trade arena, according to Zhong Shan.

NARA, Japan, April 19 (Xinhua) -- Former Chinese Vice Premier Zeng Peiyan said Monday that China, Japan and South Korea are " mutually complementary in economy and closely linked in trade.""The considerable disparity in their resources, technological levels and labor costs highlights enterprises' comparative advantages and is conducive to transnational investments and trade, " said Zeng in his keynote speech at the fifth session of the Northeast Asia Trilateral Forum."Japan and South Korea are more advanced than China in economic development, and have accumulated much experience in achieving economic transformation, dealing with the relation of development and environment and tackling international trade frictions, from which China could draw lessons and benefit," he said at the one- day forum taking place in the ancient Japanese city of Nara.There thus exists great potential as well as a broad prospect for their future practical cooperation among the three nations, said Zeng.The three need to continuously substantialize the content of their partnership, infuse new elements in their cooperation and improve their communication and coordination from trilateral, regional and global aspect, he said.In his keynote speech, former Japanese Prime Minister Nakasone Yasuhiro said that Japan, China and South Korea should further prompt their cooperation and make their voice more clearly heard on the world stage in a bid to safeguard the stability of Asia as well as that of the world at large.The three need to set as their long-term aim the establishment of a regional cooperative mechanism in areas of East Asia's politics and security, economy and culture, and jointly play a leading role to that end.Former South Korean Prime Minister Lee Hong-koo, for his part, said that faced with problems such as the security and stability of global financial markets, trade liberalization, climate change and the proliferation of nuclear weapons, it draws worldwide attention how the three nations coordinate with each other to adopt a unanimous stance.Zeng arrived here Saturday to attend the fifth session of the Northeast Asia Trilateral Forum that opened earlier Monday.The trilateral gathering drew 29 former high-ranking officials and prominent figures from political, academic and business circles of China, Japan and South Korea.The forum, cosponsored by China's Xinhua News Agency, Japan's Nikkei news group and South Korea's leading daily newspaper JoongAng Ilbo, aims to strengthen non-governmental exchanges among the three nations.The yearly event has been held alternately in the three countries since 2006.

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