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BEIJING, Nov. 17 (Xinhua) -- Chinese President Hu Jintao said here on Tuesday that the key to Sino-U.S. relations was to mutually respect and accomodate each other's core interests and major concerns while differences from different national conditions were normal.     "The China-U.S. relations are very important. Maintaining and promoting such ties is a shared responsibility of both sides," Hu told reporters here after meeting visiting U.S. President Barack Obama.     China is ready to work together with the United States to push forward the continuous, healthy and stable development of Sino-U.S. relations to better serve the interests of the two peoples and the people around the world, said the Chinese leader.     Hu said that the two sides have reaffirmed the "cardinal principle" of "mutually respecting national sovereignty and territorial integrity" and voiced opposition to any attempt by any force that violates this principle.     He said that China appreciates President Obama's support for the one-China policy and the three Sino-U.S. joint communiques, and his respect for China's national sovereignty and territorial integrity on the Taiwan issue and other matters.     "We have both agreed to conduct dialogues and exchanges on issues including human rights and religion, in the spirit of equality, mutual respect and non-interference in each other's internal affairs, so as to boost understanding, mitigate differences and broaden consensus," Hu said. 

BEIJING, Nov. 11 (Xinhua) -- In cold weather, 45 Japanese war orphans revisiting China to thank their Chinese foster families received a warm welcome in Beijing.     Chinese Premier Wen Jiabao met them, mostly in their seventies, in the Zhongnanhai compound Wednesday. Premier Wen invited the orphans to Zhongnanhai for talks and also accompanied them on a visit to the former residence and office of the late Premier Zhou Enlai inside the compound, who were much concerned about the war orphanage issue. Chinese Premier Wen Jiabao (R) meets with the members of the Japanese war orphans' delegation, who revisit China to thank their Chinese foster families, in Beijing, capital of China, Nov. 11, 2009.    The Japanese orphans were those who had been left behind by their parents after the eight-year Japanese Aggression War against China. More than 2,800 Japanese orphans were adopted by the Chinese people and most of them went back to Japan in the 1980s and 1990s after normalization of bilateral ties. Chinese Premier Wen Jiabao (R3, front) and members of the Japanese war orphans' delegation visit Xihuating, the former residence and office of the late Premier Zhou Enlai, in Beijing, capital of China, Nov. 11, 2009The thanksgiving gathering is organized to express the war orphans' gratitude to their foster families, but the visit is, to some extent, an emotional one as many of their foster parents have died.     "We care about the living conditions of the orphans after they returned back to Japan, and I believe that everybody will live a happy and stable life though their own efforts and by support from the Japanese government and all walks of life," said Wen in talks with the delegation.     Wen said that it was a handful of militarists who were responsible for that war of aggression, and the Japanese people were also victims of the war. Chinese Premier Wen Jiabao (R6, second row) poses with members of the Japanese war orphans' delegation in front of Xihuating, the former residence and office of the late Premier Zhou Enlai, in Beijing, capital of China, Nov. 11, 2009."The Chinese people, despite their own sufferings caused by the war, saved the lives of the orphans and brought them up instead of pouring their hatred on the Japanese people," said Wen.     Wen said the war orphans will feel again the love given by their foster parents and the deep friendship between the Chinese and Japanese people during their visit in China. Chinese Premier Wen Jiabao (R3, front) and members of the Japanese war orphans' delegation visit Xihuating, the former residence and office of the late Premier Zhou Enlai, in Beijing, capital of China, Nov. 11, 2009The war orphans have been active in promoting Japan-China friendship since they returned back to Japan. They raised funds to build a primary school named China-Japan Friendship Hope School in the aftermath of the Sichuan earthquake last year, said Wen.     CALL FOR FRIENDSHIP     History tells us that "peace between China and Japan leads to mutual benefits, and rivalry is damaging to both", said Wen.     China-Japan friendship confirms to the fundamental interests of the two peoples and to develop friendly cooperation is of great significance to Asia, the world as well as the two countries, Wen said. Chinese Premier Wen Jiabao (R) receives an autograph book from the Japanese war orphans' delegation, who revisit China to thank their Chinese foster families, in Beijing, capital of China, Nov. 11, 2009Wen said the two nations should take history as a mirror and look forward to the future in their relations. They should, in the spirit of the four political documents between China and Japan, coexist peacefully, engage in mutually beneficial cooperation, seek common development and lasting friendship, making due contributions to Asian and World peace, stability and prosperity.     Members of the delegation said although they now live in Japan, they still miss their family members and hometowns in China. They are very excited about this trip and would like to continue to work for lasting friendship between the two peoples

BEIJING, Dec. 30 (Xinhua) -- China is making concrete steps in pushing forward with its low-carbon economy by curbing overcapacity on one hand and boosting strategic emerging industries on the other.     CURBING OVERCAPACITY     At a press conference held here on Wednesday, Li Ningning, a senior official from the National Development and Reform Commission (NDRC), the country's top economic planner, said the overcapacity problem in a few industrial sectors such as coal chemical industry and vitamin C must be tackled.     China is the biggest producer of coal chemical industry. From January to November this year, China produced 314 million tons of coke, up 8.2 percent year on year, Li said.     In 2009, production capacity of coke expanded by 30 million tons while the export down 96 percent from a year earlier to 480,000 tons. Utilization rate of the capacity was 80 percent in 2008, he said.     "China is a country comparatively rich of coal while lack of oil and gas, the mature technology and low investment threshold in the coal chemical industry seems conducive to the investment," said Li.     Restructuring of the coal chemical industry involves in eliminating outdated coal chemical production capacity, supporting technological innovations and strengthening policy guidance, according to Yuan Longhua, an official from the Ministry of Industry and Information Technology.     Wang Jian, secretary general of China Society of Macroeconomics, had said in an article published by the Xinhua-run Outlook Weekly that 17 industries in China were faced with excessive capacity in 2008, rising from 11 in 2005. And the number of industries with excessive capacity is still rising, Wang added.     Chinese Premier Wen Jiabao told Xinhua on Sunday that overcapacity was a result of the long-existing problem of an imbalanced economic structure in China.     "To resolve the problem of overcapacity, the most important thing is to take economic, environmental, legal and, if necessary, administrative measures to eliminate backward capacity and, in particular, restrict the development of energy-consuming and polluting industries with excess capacity," Wen said.     BOOSTING LOW-EMISSION INDUSTRIES     Also at the press conference on Wednesday, Shi Lishan, another official with the NDRC, said the government needed to guide the development of high-tech industries such as wind and solar power equipment manufacturing as China rushed to build a low-carbon economy.     Earlier this month, Premier Wen had listed seven high-tech emerging industries as new energy, energy-saving and environmental protection, electric vehicles, new materials, information industry, new medicine and pharmacology, as well as biological breeding.     Development of emerging high-tech industries could not only bring about a low-carbon economy, but also help China tide over the financial crisis.     "The key to conquer the global economic crisis lies in people's wisdom and the power of science and technology," Wen said.     Boosting low-carbon technologies was crucial for the transformation of the nation's economy, Wen said.     New energy, energy-saving, environmental protection and electric vehicles industries were on the government's priorities among the seven emerging industries that needed particular attention.     By the end of 2008, China's energy-saving and environmental protection industries totalled 1.55 trillion yuan (227 billion U.S. dollars), accounting for 5.17 percent of the country's GDP, according to the NDRC.     He Bingguang, another NDRC official, forecast at a forum on the low-carbon economy held in Beijing last week that due to government policies the two industries would account for 7 to 8 percent of China's gross domestic product (GDP) by 2015.     In fact, financing of low-carbon industries has been part of the government's stimulus package.     Liu Mingkang, chairman of the China Banking Regulatory Commission, said that Chinese banks would continue to play positive roles in energy conservation and environmental protection, as well as helping adjusting the economy's structure.     "Banks should be part of the concerted efforts to make a low-carbon economy," he said at a financial forum here last week.     Liu said to control risks, banks should create more low-carbon financial products to benefit the "green economy".     Besides shutting down high emission enterprises, environmental experts have predicted increased investment on technological innovation, energy-saving and environmental protection, especially in the field of new energy.     China would stand on its own feet to develop low-carbon technologies, predicted Jin Jiaman, head of the Global Environmental Institute.     "China must develop in a low-carbon way not just to be part of the global trend but rather because it's an inevitable choice given the current economic conditions and future prospects," Jin said.

GENEVA, Nov. 30 (Xinhua) -- China will maintain the stability of its Renminbi (RMB) exchange rate all along, which does good for the world economic recovery, Commerce Minister Chen Deming said on Monday.     China's exchange rate reform has continued smoothly, and the value of RMB has risen by some 20 percent against the U.S. dollar since 2005, Chen told reporters in Geneva, where he is attending a ministerial conference of the World Trade Organization.     Despite the impact of the global financial crisis and all kinds of other difficulties, the Chinese government has actively tried to boost domestic consumption and stimulate imports, Chen said. Visiting Chinese Commerce Minister Chen Deming attends a launching ceremony of China-Swiss joint study to examine the feasibility of a Free Trade Agreement (FTA) in Geneva, Switzerland, Nov. 30, 2009    Maintaining a relatively stable RMB exchange rate serves the need of China's economic development as well as the world's economic stability, he added.     According to the minister, China's foreign trade surplus is expected to drop by more than a third to 190 billion dollars this year from last year's 290 billion dollars.     Chen also urged the world's major reserve currencies to remain stable. He said the continuous depreciation of these currencies had caused much difficulty for the world economy, and that the attempts to transfer the difficulty to other countries are unjustifiable.

BEIJING, Dec. 10 -- China will extend stimulus measures in the automobile industry for one more year, with small adjustments, to further support the world's biggest and fastest-growing auto market.     The government announced the decision Wednesday after an executive meeting of the State Council chaired by Premier Wen Jiabao.     The stimulus package, which was due to expire at the end of this month, includes a 50 percent cut in the 10 percent purchase tax for cars with an engine capacity of, or less than, 1.6 liters and subsidies for trade-in cars. It will now be extended to Dec 31, 2010.     However, the purchase tax for smaller cars will be lifted from the current 5 percent to 7.5 percent of the total vehicle price.  Buyers examining a small car in an auto market in Nanjing. Purchase tax for smaller cars will be levied at 7.5%    Furthermore, the government also decided to raise the subsidy for trade-in cars from between 3,000 and 6,000 yuan to between 5,000 yuan and 18,000 yuan per vehicle.     The stimulus package launched by the government in January helped China's automobile sales to exceed an expected 13 million units this year, making the country surpass the US as the world's biggest auto market.     "It's unusual that demand for automobiles in a country increases more than 4.5 million units within 12 months, and sales break the monthly record for seven months in a year," said Rao Da, secretary-general of China Passenger Car Association.     Statistics from the China Association of Automobile Manufacturers (CAAM) show that the smaller cars, with engine capacity of, or less than, 1.6 liters, contributed 85 percent of the sales increase in the domestic auto market. Most of the best-selling cars in China are smaller cars.     The association estimated that the stimulus measures boosted the sales of smaller cars by 2.6 million units this year.     Because of the favorable policy, sales of the battery and electric car pioneer BYD in the first 11 months surged 150.2 percent to 388,246 units. About two-thirds of the car sales were of the F3 model, a compact sedan that topped China's best-selling car list for seven months, with monthly sales surpassing 30,000 units, nearly double the figure for last year.     According to CAAM, China's auto production and sales almost doubled from figures a year ago to reach 1.39 million and 1.34 million units respectively in November.     Overall auto sales topped 12.23 million units in the first 11 months, up 42.39 percent from the same period last year.