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HEFEI, Sept. 4 (Xinhua) -- China's top 500 enterprises reported smaller revenue gaps with their U.S. counterparts, while outperforming their worldwide competitors in profitability amid the nation's rapid economic recovery, an industrial ranking report showed Saturday.China's top 500 enterprises chalked up 4.05 trillion U.S. dollars in operating revenues last year, equivalent to about 18 percent of the operating revenue total created by the world's top 500 companies in the same year, and the ratio was 2.62 percentage points lower than the figure recorded for the year earlier, according to a report released Saturday in Hefei, capital of east China's Anhui Province, by the China Enterprise Confederation (CEC) and China Enterprise Directors Association.The average profit margin of China's top 500 enterprises was 5.44 percent in 2009, compared with 4.16 percent for the world's top 500 companies.Further, the net profits of the Chinese heavyweights grew by more than 20 percent last year, faster than the 17 percent for the world's top 500. It was the second consecutive year that Chinese enterprises outshone theirforeign counterparts in annual profits.Miao Rong, researcher with CEC, said despite the progress, China's top 500 enterprises obviously suffered from the impact of the global financial crisis as they reported slower growth in new employment and business revenues.However, unlike the world's top 500 companies, most of which are service and high tech giants, a lion's share of China's top 500 businesses are traditional industrial enterprises in the fields of energy development, telecommunications and power generation, Miao noted."It is a tough job, in the short-term, to make Chinese corporations catch up with their foreign counterparts in terms of 'soft power' , such as the capability of resource integration, management expertise, brand building and intellectual property protection," he added.Sinopec, Asia's leading refinery, topped the top 500 revenue list for the fifth consecutive year with 1.39 trillion yuan (about 204.41 billion U.S. dollars) in 2009. It was followed by the State Grid and PetroChina.Also, private businesses were growing rapidly as five companies reported operating revenues exceeding 100 billion yuan. Huawei Technology Co Ltd, a telecommunication equipment producer, recently leaped into the world's top 500 enterprises club.

BEIJING, Sept. 19 (Xinhua) -- Ghana's President John Evans Atta Mills arrived in Beijing on Sunday evening, kicking off his state visit to China.During his six-day China trip, Mills will hold talks or meet with Chinese leaders including President Hu Jintao and top legislator Wu Bangguo.Besides Beijing, he will visit southwest China's Chongqing municipality, southern city of Shenzhen and the nation's economic hub Shanghai.

HANOI, Oct. 11 (Xinhua) -- U.S. Defense Secretary Robert Gates on Monday accepted an invitation to visit China early next year, a Chinese official said.Chinese Defense Minister Liang Guanglie extended the invitation during his talks here with Gates, Guan Youfei, a Chinese Defense Ministry official, told a press conference.Although very brief, the meeting showed that both sides attach great importance to developing military ties between the two countries, and was helpful to enhance mutual understanding and trust, he said.The tete-a-tete between the two defense chiefs was their first since bilateral military ties soured in January following Pentagon's decision to sell a 6.4-billion-dollar arms package to China's Taiwan province.While noting the setback, Guan said that ties between the two militaries have never ceased moving forward, and dialogues and exchanges under some established frameworks will continue.Beijing and Washington will hold their annual consultations on maritime security in Hawaii later this week, which will be followed by a new round of annual defense consultations in Washington, he added.The schedule has not been fixed for the Washington meeting, which is to be co-hosted by Deputy Chief of the General Staff of the Chinese People's Liberation Army Ma Xiaotian and U.S. Under-Secretary of Defense Michele Flournoy, Guan said.Commenting on the on-again-off-again military ties between China and the United States, Guan stressed that the main obstacle is Washington's arms sales to Taiwan.During talks with Gates, the Chinese defense minister said it is important for the two countries to respect each other's core interests and major concerns, consolidate mutual trust and decrease suspicion and misjudgment, and properly settle differences and sensitive issues in order to keep bilateral military ties in a healthy track.

SANYA, Hainan, Oct. 31 (Xinhua) -- Chinese State Councilor Dai Bingguo held an unofficial meeting with U.S. Secretary of State Hillary Clinton Saturday evening in Sanya, a city of southern China's island province of Hainan.The two sides exchanged views on Sino-U.S. relations and issues of common concern in a "candid and friendly" manner, the Chinese Foreign Ministry said after the meeting.According to the ministry, Dai and Clinton had positive evaluation of recent Sino-U.S. relations, and stressed the two sides would continue to seriously implement the consensus reached by the two state leaders.Chinese State Councilor Dai Bingguo (R) meets with U.S. Secretary of State Hillary Clinton during an unofficial meeting in Sanya, south China's Hainan Province, Oct. 30, 2010.They pledged to enhance dialogue, mutual trust and cooperation, properly handle differences and sensitive issues on the basis of mutual respect, and make concerted efforts to contribute to a positive, cooperative and comprehensive China-U.S. relationship in the 21st Century.They also agreed that Chinese President Hu Jintao's scheduled visit to the United States early next year is of great significance to the development of bilateral ties, and the two sides would keep close contact and make preparations to create favorable atmosphere and ensure the success of the visit.

BEIJING, Sept. 7 (Xinhua) -- Chinese Premier Wen Jiabao on Tuesday called for China and the United States to work closely to make contributions to a steady recovery of global economy.The essential task of the two countries at present is to overcome difficulties and impacts brought about by the economic downturn, Wen said during a meeting with Lawrence Summers, head of U.S. President Barack Obama's National Economic Council, and Deputy National Security Adviser Tom Donilon."China and the U.S. should work together to properly deal with problems and consolidate the foundation for a better relationship in future," he said.Wen said a positive, cooperative and comprehensive China-U.S. relationship was in the fundamental interests of the two countries, and should be promoted unswervingly."Dialogue and cooperation are at the heart of Sino-U.S. relations, and the influence (of them) is unprecedented," he said.Wen proposed the two countries deepen political trust, respect the other's core interests, not interfere in the other's internal affairs and not take the other as an adversary.The U.S. officials told Wen that the Obama administration valued relations with China because the two countries share common interests and the ties will greatly influence the world's future.The United States wanted to promote high-level contacts and frank talks, deepen strategic trust and cooperation, and properly handle any problems so to improve bilateral ties, according to them.They also reaffirmed that the United States will adhere to one-China policy.