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WASHINGTON, Sept. 20 (Xinhua) -- U.S. President Barack Obama said Monday that China's rapid economic development is in the interest of U.S. economy."It's good for us that China has done well," Obama said at a town-hall-style meeting telecast live on CNBC before heading to Pennsylvania to raise money for a Democratic Senate candidate.His address is in line with U.S. Secretary of Treasury Timothy Geithner's testimony to the Congress last Thursday."We have very significant economic interests in our relationship with China," Geithner said, "a strong and growing China benefits the United States, just as a strong and growing United States is good for China."In responding to a question about China's currency issue, Obama said that China's currency is lower than the market says that it should be, but trade is in the benefit for both sides."I just want to make sure trade is good for American businesses and American workers," Obama said."We are going to continue to insist that on this issue, and on all trade issues between us and China, that it is a two-way street, " he said.Facing November elections shaped by voter anger at the sour economy, U.S. lawmakers are weighing bills that would slap sanctions on Chinese goods, amid accusations that China keeps its currency -- and thereby its exports -- artificially cheap.The Obama administration acknowledged that China's imports supported the global economy and contributed substantially to recovery around the world.With over 1.3 billion people and an economy continuing to grow at or near double-digit rates, China is the U.S.' fastest-growing major overseas market.China's record of bringing hundreds of millions out of poverty, building a rapidly growing middle class, and now its efforts to encourage growth led by domestic demand, ultimately mean more demand for American goods and services.In order to pull the economy out of recession, Obama launched National Export Initiative (NEI) in March and set the goal of doubling the U.S. export in five years and creating two million jobs in the country.The Obama administration is clear that the vast Chinese market is a crucial part to fulfill the goal."Increasing opportunities for U.S. firms and workers through expanded trade and investment with China will be an important part of the success of the President's National Export Initiative and our efforts to support job growth more broadly."According to the Treasury Department, China is a critical market for a broad range of American products, from agriculture, to manufacturing, to services.China was the largest market for U.S. soybeans last year, importing over 9 billion dollars.In the manufacturing sector, the United States has already exported nearly 3.5 billion dollars in aircraft to China this year alone, and U.S. exports of automobiles and parts to China have grown over 200 percent.The issues in China and U.S. economic relations and trade should be properly solved through consultations on an equal footing. Exerting pressure cannot solve the issue. Rather, it may lead to the contrary, China's Foreign Ministry said recently.

BEIJING, Oct. 16 (Xinhua) -- Wang Jianping, 63, a healthy retiree from a Beijing-based enterprise, has recently begun searching for nursing homes."When I cannot move, I will live in the old people's home and will not inconvenience my children," Wang said.Her experience of caring for her 89-year-old mother-in-law, who suffers from senile dementia over the past 14 years, prompted her to "search for nursing homes as early as possible," she said.As China marks Seniors Day Saturday, or the ninth day of the ninth lunar month, experts have called for an improvement in the country's services to the aged, especially at a time when the "only child" generation is finding it increasingly difficult to care for four parents (their own and their spouse's parents).The Office of the China National Committee on Ageing said the number of people aged 60 or above stood at 167 million in 2009, or 12.5 percent of the 1.3-billion population.Chen Chuanshu, deputy director of the Office of the China National Committee on Ageing, said the ageing problem not only affected individual families, but was also a major social problem that concerned the national economy and people's livelihoods.Yang Yanan, a 24-year-old postgraduate student at the Department of Sociology of Peking University, said her grandmother was cared for by four children, and the grandmother would live, in turn, in the homes of Yang's parents and her uncles and aunts.Hao Maishou, an expert on the ageing issue at the Tianjin Academy of Social Sciences in northern China, said that traditionally, the elderly were taken care of by their sons, financially and socially.After the New China was founded in 1949, a pension and the aged insurance system was established in both urban and rural areas, but since it was far from perfect, most old people continued to be cared for by their own families. Only a few lived in old-age homes, Hao said.But today, most parents of the country's first-generation of children with no siblings, following the government's "one-child" policy, have started realizing that they cannot depend on their children to look after them when they grow old. These parents are mostly in their 50s.Chen said that family-based care was still the main way of caring for the aged in China, and the country was working on improving these policies, financial support and caring services for the elderly.In the recent past, the government has mobilized non-public sectors to serve the aged and encouraged private capital to enter the sectors providing services to this demographic.Towards that end, a project called the "Aiwan (Loving the Old Age) Project" was begun in 2008, covering major Chinese regions with serious ageing problems, using an investment of 10 billion yuan (1.47 billion U.S.dollars). Twenty centers for living, entertainment, cultural activities and rehabilitation were to be built in these regions in five to eight years.Hao of the Tianjin Academy of Social Sciences said that after 2030, caring for the aged in China would be jointly shouldered by families and the society, as a large number of elderly people will also have to care for their own aging parents."The country will expand the coverage of social security to the entire population," he said.

XIAMEN, Sept. 7 (Xinhua) -- The 2nd World Investment Forum (WIF), seeking to offer insights on the balance between investment and sustainable development, kicked off Tuesday in the coastal city of Xiamen of southeastern Fujian Province.With the theme of "Investment for Sustainable Development", the current forum, organized by the United Nations Conference on Trade and Development (UNCTAD), have attracted more than 1,500 oversease investors, policymakers and international organization representatives.Among the attendants to the forum are World Trade Organization Director-General Pascal Lamy, prime ministers from Greece, Zimbabwe and Mongolia, and presidents from Bulgaria, Peru, Ghana and Jamaica.The high-profile attendance "demonstrates the importance that international investment has gained as an engine of growth and development," UNCTAD Secretary-General Supachai Panitchpakdi said at the opening ceremony of the forum.According to Supachai, the three-day forum will examine the challenges and opportunities for global investment in a post-crisis economy.Supachai urged "a new generation of investment policies" to promote the transformation towards a low carbon economy.The forum will include a series of conferences on topics such as the impact of investment on sustainable development, how stock exchanges can promote sustainable business practices and the need for a recognised set of principles for borrowers and lenders that promotes sustainable debt and credit conditions.Also included are a ministerial round table meeting that will address investment policy coherence in the post-crisis environment and presentations from several countries showcasing climate change-related investment projects.Chinese Vice President Xi Jinping delivered a keynote speech at the ongoing opening ceremony of the 2nd World Investment Forum, which is sponsored by the United Nations Conference on Trade and Development (UNCTAD).

BEIJING, Nov. 1 (Xinhua) -- China began its sixth nationwide population census at midnight Monday to document the demographic changes in the world's most populous country and form basis for policy making.More than 6 million census workers are to knock on the doors of about 400 million households across the country in the following 10 days. Results of the 8-billion-yuan census will be released by the end of next April.WHEN MIDNIGHT CAMEWhen it came to midnight on Monday and the census was officially begun, 28-year-old Wang Yi in Jinan, capital of east China's Shandong, began knocking on a door in an apartment building.A young man with a drowsy look opened the door.Wang, after showing his certificate as a census worker, explained why he had to disturb him at midnight. In the preliminary poll conducted to prepare for the census, Wang and his colleagues could not find him. Neither did the young man respond to the notice that census takers left at his door.The man, who had missed the poll due to business elsewhere, appeared to be very cooperative and quickly fill out the questionnaire which had questions about name, age, job and housing condition.In Zhejiang, a east China province with active private economy, census takers are visiting migrant workers at night.In dim light on a square of Huzhou City, Zhejiang, 16 martial arts performers from Henan living in their vans were interviewed.After the interviews, each of the 16 migrants received a card proving that they had been surveyed so that they would not be counted twice.DIFFERENCE THIS TIMEDifferent from previous census, the floating population this year was registered at where they actually live, rather than where their permanent residence is as written on their ID cards.Also, for the first time people from Hong Kong, Macao and Taiwan, as well as foreigners in the Chinese mainland, are included in the census. But those on short-term business or sight-seeing trips will not be covered.The census will collect data on foreigner's name, age, gender, nationality, educational attainment, purpose and duration of stay. Questionnaires for foreigners are simpler than those for Chinese.Ma Li, director of the Research Center for Chinese Population and Development, said the changes were necessary."To register according to where the floating population are could help us avoid mistakes like registering a person twice," she said.Driven by the fast-paced social and economical development, China's floating population is growing at a rate of 1.24 percent per year and China is now home to some 230 million migrant workers. To register them in the census is very difficult, Ma added.Jiang Xiangqun, a professor with the School of Sociology and Population Studies, Renmin University, noted that some new questions were added to the census form this year, such as health condition, housing condition and social insurance."The population of seniors is growing," he said. "Such question will help the government make policies to provide for the aged."HARD BUT HELPFULAs Chinese people's awareness of privacy grows, census takers are facing difficulty in getting the information they need.Wang Xin was a census taker in Shenyang, capital of northeast China's Liaoning Province."In front of our compound there was a lady in her 40s selling pickles," she recalled. "During the preliminary poll, she refused to tell us her phone number."Wang and her colleagues took turns buying pickles from the lady, who finally told them her phone number.Wang's fellow worker, 58-year-old Zhu Rongquan, noted that in some compounds the real estate companies were not very cooperative. "In one compound the real estate company even warned us not to disturb the residents."Zhu had to wait outside in the cold wind, approaching the residents before they entered the building gate."Some residents were sympathetic, asking us to go in and gave us a cup of hot water," he said gratefully.During the door-to-door visit, census takers could encounter various problems.Wang Bin, a 38-year-old worker from Shijiazhuang City of Hebei, could not find a man registered as being born in 1919. After asking many people she learned that the man had died."I have had more than 40 such cases: someone was registered as alive but actually was dead," she said.China conducted its first nationwide population census in 1953. Since 1990 it has conducted the census every ten years. In the last census, China's population stood at 1.295 billion. (Xinhua reporter Wang Ying from Liaoning, Xiao Sisi from Guangdong, Yin Lijuan from Beijing, Ren Liying from Hebei and Liu Baosen from Shandong contributed to the report)

ROME, Oct. 7 (Xinhua) -- China and Italy enjoy a good foundation for cooperation and China would like to expand that to other areas such as trade and investment, environment and culture, Chinese Premier Wen Jiabao said here Thursday. During a meeting with Italian Prime Minister Silvio Berlusconi on the second day of his two-day visit, Wen applauded the fruitful bilateral cooperation the two countries have enjoyed since establishing diplomatic ties 40 years ago.Wen said China expects to conduct high-level exchanges with Italy and at all levels, promote political mutual trust and expand cooperation.The premier proposed that the two countries should make efforts to promote trade, enhance intellectual property rights protection, work hard to settle trade disputes, and oppose protectionism. Chinese Premier Wen Jiabao (L) and his Italian counterpart Silvio Berlusconi attend a symposium with Chinese and Italian entrepreneurs in Rome, Italy, Oct. 7, 2010.China and Italy could work to build for China a set of complete mechanisms of environmental risk assessment and emergency response and set up an environment technology promotion center, Wen said.He said the two nations should advance their cooperation in technological innovations based on mutual benefit.That, Wen said, would include bringing high-tech industries to the joint technology parks, building technology transfer centers in China, and exploring the possibility of establishing a industrial design center.The premier also suggested the two sides coordinate for a better use of Italy's credit loans so as to bring more Italian investment China's way.