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BEIJING, April 4 (Xinhua) -- The import and export of electronic and information products in China went down 30.3 percent year on year in the first two months, data released by the Ministry of Industry and Information Technology showed on Friday.     The combined import and export value was 87.61 billion U.S. dollars through January to February.     In breakdown, export fell 26.1 percent from the same time a year ago to 53.55 billion U.S. dollars. Import was down 36.07 percent to 34.06 billion U.S. dollars.     The import value of LCD panel, a main component in flat-panel television, declined 48.8 percent to 1.82 billion U.S. dollars.     The export value of processing trade with imported material, which comprised more than two thirds of the total export, was down 25.4 percent to 37.86 billion U.S. dollars.     China's export, a driving force of the world's third largest economy, plummeted 25.7 percent year on year in February, the worst decline in more than a decade, as global demand deteriorated amid the deepening recession.

BEIJING, April 14 (Xinhua) -- Chinese President Hu Jintao on Tuesday met with Papua New Guinea's Prime Minister Michael Thomas Somare.In their meeting at the Great Hall of the People in downtown Beijing, Hu said bilateral relations have made significant progress since both countries forged diplomatic ties in 1976, citing frequent high-level visits, deep political trust and fruitful cooperation in all fields.     Hu appreciated Papua New Guinea's unswerving adherence to the one-China policy and support on China's peaceful reunification. Chinese President Hu Jintao (R) shakes hands with Papua New Guinea's Prime Minister Michael Thomas Somare during their meeting in Beijing, capital of China, April 14, 2009.    Hu said Papua New Guinea was an important Pacific island country and played a crucial role in regional affairs.     Hu said his country regarded Papua New Guinea as a good friend and partner in pacific islands.     On the economic front, Hu said both countries were complementary and had a broad prospect for cooperation. He proposed both countries step up mutually-beneficial cooperation in key areas such as trade, agriculture, forestry, fishery, transportation, resources and energy.     Hu said the Chinese government encouraged and supported Chinese businesses to invest and operate in Papua New Guinea.     Somare, who was here for an official visit, said Papua New Guinea cherished its relations with China, which was a sincere and reliable partner.     Somare said his country respected China's sovereignty and territorial integrity and adhered to the one-China policy.     He thanked China for offering generous assistance to his country for many years.     He said his country would like to work more closely with China on trade, energy, resources and construction.     Somare is to visit south China's Hainan Province for the 2009 meeting of the Bo'ao Forum for Asia (BFA) from April 17 to 19.

BEIJING, March 7 (Xinhua) -- China should speed up reforming its financial system to make the yuan an international currency, said political advisors Saturday.     "A significant inspiration to draw from the global financial crisis is that we must play an active role in the reconstruction of the international financial order," said Peter Kwong Ching Woo, chairman of the Hong Kong-based Wharf (Holdings) Limited.     The key to financial reform is to make the yuan an international currency, said Woo in a speech to the Second Session of the 11th National Committee of the Chinese People's Political Consultative Conference (CPPCC), the country's top political advisory body.     That means using the Chinese currency to settle international trade payments, allowing the yuan freely convertible on the capital account and making it an international reserve currency, he said.     China's yuan, or Renminbi, can be freely convertible on the current account but not on the capital account, preventing it from being a reserve currency or a choice in international trade settlement.     China has announced trial programs to settle trade in the yuan, a move analysts say will facilitate foreign trade as Chinese exporters might face losses if they continue to be paid in the U.S. dollar. The dollar's exchange rate has become more volatile since the global financial crisis.     Economists say the move will increase the acceptance of the currency in Asia, which will help it become an international currency in the long run.     The status of the yuan as an international currency will benefit China by giving it a bigger say in world financial issues and reducing the reliance of its huge foreign reserves on the U.S. dollar, some analysts say.     Other analysts argue a fully convertible yuan will hurt China as it would allow massive capital outflow during a financial crisis.     Meanwhile, Chinese authorities remain cautious.     It's possible that the global financial crisis will facilitate the process of making the yuan internationally accepted, but there's no need to push for that, Yi Gang, vice central bank governor, told Xinhua earlier this month.     That process should be conducive to all sides, he said.     Xu Shanda, former vice director of the State Administration of Taxation and a CPPCC National Committee member, urged for faster paces in making the yuan an international currency as a way of increasing national wealth.     He said the United States and the European Union have obtained hefty royalties from the international use of their currencies while China has become the biggest source of that income.     A royalty, or seignior age, results from the difference between the cost of printing currency and the face value of the money.     "China's loss due to royalty payment has far exceeded the benefit of not making the yuan an international currency," he said in a speech to the annual session of the CPPCC National Committee, without elaborating.     China's State Council, or Cabinet, said last December it would allow the yuan to be used for settlement between the country's two economic powerhouses -- Guangdong Province and the Yangtze River Delta -- and the special administrative regions of Hong Kong and Macao.     Meanwhile, exporters in Guangxi Zhuang Autonomous Region and Yunnan Province will be allowed to use Renminbi to settle trade payments with ASEAN (Association of Southeast Asian Nations) members.

BEIJING, Feb. 6 (Xinhua) -- The worst drought in half a century in northern China will continue until next month, although it will be eased slightly by rainfall forecasted for the next ten days, according to the China Meteorological Administration (CMA) on Friday.     In March, rainfall in most parts of the wheat-growing areas in northern China is expected to be slightly less or close to normal. However, the wheat crops in Hebei, Shanxi, Shaanxi, Shandong, Henan and Anhui will continue to suffer, said Xiao Ziniu, director of the National Climate Center (NCC) under the CMA said at a videoconference. Workers of a power company help a farmer to irrigate the field in Wuhe County, east China's Anhui Province, Feb. 5, 2009. China raised the drought emergency class Thursday from level two to level one, the highest alert, in response to the worst drought to hit northern China in half a century, according to a State Council meeting.China declared the highest level of emergency on Thursday in response to the rare drought which began in November. President Hu Jintao and Premier Wen Jiabao have ordered all-out efforts to combat the severe drought in the country's vast wheat-growing area to ensure a good summer harvest.     About half of the total, or 78.77 million mu (5.25 million hectares) of the affected wheat lands have been irrigated in the nation's eight wheat-growing provinces as of Feb. 5, according to data released by the Ministry of Agriculture (MOA) on Friday. Soldiers of armed police force help a farmer to irrigate his field in Huainan, east China's Anhui Province, Feb. 5, 2009. The ministry said it would offer farmers subsidies on irrigation equipment purchase to aid the relief work. Prices of the facilities should not be higher than the market price for last year.     Buying water pump and the watering machinery will be subsidized to meet the urgent demand of the anti-drought effort, said an official with the ministry, stressing that the product quality should be insured.     The area of affected crops has expanded to 161 million mu by Feb. 6. 4.37 million people and 2.1 million livestock are facing drinking water shortage, according to data released by the Office of State Flood Control and Drought Relief Headquarters. People barrel drinking water supplied by the local government at Chengguan Township in Ruyang County of Luoyang City, central China's Henan Province, Feb. 4, 2009. The city had received a reduced effective rainfall since October 2008, almost 80 percent less than in the same period of previous years. The local government has allocated some 25 million yuan (3.65 million U.S. dollars) for drought relief and crops protectionThe scarcity of rain in some parts of the north and central provinces is the worst in recorded history, as the drought spanned from autumn to winter -- a weather trend not witnessed in years, according to Sun Zhengcai, the Minister of Agriculture. The situation in some areas is extremely severe, he said.     Lack of rain has created a layer of three-to-ten-centimeter of dry soil in many parts of northern China, Sun said.     As the drought will not be relieved in the short-run, more seedlings are likely to be killed as spring approaches, which could threatened the summer harvest. Photo taken on Feb. 5, 2009 shows a dead wheat seedling in the farmland of Taiping township of Huining County, northwest China's Gansu Province. The county has suffered from serious drought since September 2008 with about 150,667 hektares of farmland and 184,000 people and 326,000 livestocks short of water. MOA data showed more than 2.3 million mu of wheat seedlings in Henan, Anhui and Shandong provinces had perished.     This year's summer harvest became more unpredictable as Puccinia striiformis, or stripe rust, one of the most damaging wheat disease began to show signs of spreading across the nation, MOA warned.     The dangerous disease, which could cause losses up to 40 percent, has affected more than 11.3 million mu (753,000 hectares) of wheat in seven provinces, 4.6 million mu more than the same period last year. The northwestern Gansu and Ningxia saw the worst outbreak in 19 years.

BEIJING, March 20 (Xinhua) -- China and Japan should strengthen cooperation to deal with the financial crisis, said Chinese top legislator Wu Bangguo on Friday.     "China is willing to work with Japan to properly handle sensitive issues in bilateral relations and consolidate our political foundations," said Wu, chairman of the Standing Committee of the National People's Congress.     In a meeting with Japanese Defense Minister Hamada Yasukazu, Wu said China-Japan relations were improving and cooperation in various fields have expanded. Wu Bangguo (R), chairman of the Standing Committee of the National People's Congress, China's top legislature, meets with Japanese Defense Minister Yasukazu Hamada at the Great Hall of the People in Beijing, capital of China, on March 20, 2009    Stressing the importance of China and Japan in the Asia-Pacific region, Wu said developing relations conformed to the fundamental interests of both countries and was conducive to world peace, stability and development.     He hoped China and Japan would expand defense and other cooperation to push forward long-term, healthy and stable relations.     Hamada Yasukazu said Japan would like to enhance strategic and mutually reciprocal relations with China.

来源：资阳报