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WASHINGTON, Nov. 4 (Xinhua) -- The United States requested the World Trade Organization (WTO) on Wednesday to establish a dispute settlement panel to rule on China's export restraints on raw materials. But Chinese officials insist that they are consistent with WTO rules.     The materials at issue are: bauxite, coke, fluorspar, magnesium, manganese, silicon metal, silicon carbide, yellow phosphorus, and zinc, key inputs for numerous downstream products in the steel, aluminum, and chemical sectors across the globe.     The Office of the United States Trade Representative (USTR) said in a statement that the raw materials are "critical to U.S. manufacturers and workers."     The USTR also said that the European Union and Mexico are joining the United States in requesting the establishment of a WTO dispute settlement panel regarding this matter.     The U.S. and the European Union requested formal consultations with China at the WTO on June 23, 2009, and Mexico filed its consultations request on August 21, 2009.     "We believe the restraints at issue in this dispute significantly distort the international market and provide preferential conditions for Chinese industries that use these raw materials," said Debbie Mesloh, a USTR spokeswoman.     "Working together with the European Union and Mexico, we tried to resolve this issue through consultations, but did not succeed. At this point, therefore, we need to move forward with the next step in the WTO dispute settlement process," Mesloh stated. "We remain open to working with China to find a mutually agreeable solution to our concerns."     But the Chinese Ministry of Commerce defended China's export policies, saying they are consistent with WTO rules.     The chief aim of China's export policies is to protect the environment and conserve natural resources, said an official with the Ministry of Commerce in June.     China has been keeping communication and contact with the U.S. and the EU over China's policy on raw material exports, the official said, adding that China will properly deal with the consultation request in accordance with WTO dispute settlement procedures.     According to the procedures, China, the U.S., the EU and Mexico have 60 days to try to resolve their dispute through consultations. If consultations fail, the U.S., the EU and Mexico could ask for a WTO panel to investigate and rule on this dispute.

BEIJING, Nov. 17 (Xinhua) -- Chinese President Hu Jintao said here Tuesday that he and U.S. President Barack Obama had agreed to improve Sino-U.S. relations and reached consensus on major international and regional issues of common concern. After nearly two hours of talks, Hu told the press at Beijing's Great Hall of the People that his talks with Obama was "candid, constructive and fruitful."     Standing beside Obama, Hu said China and the United States shared broad common interests and have great potential for future development on a series of major issues concerning peace and development of the mankind. Chinese President Hu Jintao speaks during a press conference held with visiting U.S. President Barack Obama following their official talks at the Great Hall of the People in Beijing on Nov. 17, 2009    MORE DIALOGUE     Hu said they agreed to improve dialogue, communication and cooperation from a strategic and far-sighted perspective and to make joint efforts in building a positive, cooperative and comprehensive Sino-U.S. relationship so as to promote global peace, stability and prosperity. Chinese President Hu Jintao holds a press conference with visiting U.S. President Barack Obama following their official talks at the Great Hall of the People in Beijing on Nov. 17, 2009. Both China and the United States believed that close high-level contacts and dialogues and consultations at various levels were of great importance to the two countries' relationship, he said.     The two presidents agreed to keep close communication through visits, phone calls, letters and meetings at multilateral occasions, Hu said.     The two leaders also spoke highly of the role of the strategic and economic dialogue mechanism in boosting mutual trust and cooperation between the two countries.     China and the United States would continue implementing the agreements reached at the first round of the dialogue last July in Washington and will start preparations as soon as possible for the second round of the Sino-U.S. Strategic and Economic Dialogue (S&ED) next summer in Beijing, Hu said. 　　ECONOMIC COOPERATION     The two leaders exchanged views on the current global financial situation and held that despite the positive signs of the global economic recovery, the foundation of the global economic recovery was far from solid.     Hu and Obama agreed to strengthen dialogue and cooperation on macro-economic policies, properly handle trade frictions through negotiations and jointly ensure the bilateral economic and trade ties to develop in a healthy and steady way.     "I stressed to President Obama that under the current situation, our two countries should oppose and resist protectionism in all forms in an even stronger stand," he said. Visiting U.S. President Barack Obama reacts during a press conference held with Chinese President Hu Jintao following their official talks at the Great Hall of the People in Beijing on Nov. 17, 2009Hu said both China and the United States appreciated the key role of the G20 summit in coping with the global financial crisis.     "China and the United States would work together with all other members to fully carry out the commitments of all G20 summits and continuously strengthen the role of G20 in the management of the global economy, while pushing forward international financial system reform and improving global economic order to guard against and cope with future crisis," Hu said.     CLIMATE CHANGE, ENERGY AND ENVIRONMENT     The two presidents also agreed to improve cooperation in climate change, energy and environment.     Hu said China and the United States would cooperate with all sides concerned, on the basis of the "common but differentiated responsibilities" principle and their respective capabilities to help produce positive results at next month's Copenhagen summit on climate change.     China and the United States had signed documents of cooperation including a memorandum of understanding on enhancing cooperation on climate change, energy and the environment, and the two countries had formally launched a joint research center on clean energy, he said. Chinese President Hu Jintao shakes hands with visiting U.S. President Barack Obama after they meet the press at the Great Hall of the People in Beijing on Nov. 17, 2009. Hu said the two leaders also agreed to deepen cooperation on the basis of mutual benefits in areas such as anti-terrorism, law enforcement, science and technology, space exploration, civil aviation, high-speed railway, infrastructure, agriculture and health care.     The two leaders agreed to continue to promote greater development in military relations, Hu said.     Obama and Hu discussed to expand cultural exchanges between the two countries, especially youth exchanges, and supported both sides to set up a cultural exchange mechanism and strengthen cooperation on dispatching exchange students.     NUCLEAR NON-PROLIFERATION     "Both of us remain committed to resolving the nuclear issue on the Korean Peninsula through dialogue and consultation," said Hu. "Such a commitment serves the common interests of China and the United States and all other parties concerned."     Hu said China and the United States would work with other parties concerned to stick to the denuclearization of the Korean Peninsula and the six-party talks process to safeguard peace and stability of the northeast Asia.     The two presidents stressed that it was very important for the stability in the Middle East and the Gulf Region to uphold the international nuclear non-proliferation regime and properly resolve the Iran nuclear issue through dialogue and negotiation, Hu said.     ONE-CHINA POLICY     Hu said the key to Sino-U.S. relationship was to mutually respect and accommodate each other's core interests and major concerns while divergences from different national conditions were normal as the two sides had different country situations.     He said that China appreciated 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.     Hu said the two sides had reaffirmed the "cardinal principle" of "mutually respecting national sovereignty and territorial integrity" and voiced opposition to any attempt by any force to violate this principle.     "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 divergences and broaden consensus," Hu said.     "The Sino-U.S. relationship is very important. Maintaining and promoting the Sino-U.S. relationship is a shared responsibility of both sides," Hu said.     "China is ready to work together with the United States to push forward the continuous, healthy and stable development of the Sino-U.S. relationship to better serve the two countries' peoples and peoples across the world," Hu said.

BEIJING, Nov. 17 (Xinhua) -- China and the United States highly value the fruitful scientific and technological results achieved in the past three decades, and agreed to start dialogue on aviation and railway cooperation, said a joint statement issued after talks between Chinese President Hu Jintao and visiting U.S. President Barack Obama here on Tuesday.     "The two sides applauded the rich achievements in scientific and technological cooperation and exchanges between the two countries over the past 30 years since the signing of the China-U.S. Agreement on Cooperation in Science and Technology," said the statement.     Both sides agreed to further upgrade the level of exchanges and cooperation in scientific and technological innovation through the China-U.S. Joint Commission on Science and Technology Cooperation.     The two countries "look forward to expanding discussions on space science cooperation and starting a dialogue on human space flight and space exploration, based on the principles of transparency, reciprocity and mutual benefit," said the statement.     The two sides will exchange visits of the NASA Administrator and the appropriate Chinese counterpart in 2010, it said.     The two sides also agreed to strengthen cooperation on civil aviation, and to expand the Memorandum of Agreement for Technical Cooperation in the field of Civil Aviation between the Civil Aviation Administration of China (CAAC) and the Federal Aviation Administration of the United States.     Besides the aviation field, Chinese and U.S. officials also hope the Chinese and U.S. public and private bodies to jointly build high speed railways, said the statement.

BEIJING, Jan. 7 -- China's central bank Wednesday said it will manage inflation expectations and keep a close watch on the property market through its credit and money supply policies.     In a statement on its website, the People's Bank of China (PBOC) said it would try to maintain ample liquidity in the financial system, and ask banks to lend more evenly, while strictly implementing credit policies in the property sector.     The nation will also take steps to rein in fast-rising property prices and strengthen credit controls for the sector, according to Housing and Urban-Rural Development Minister Jiang Weixin. A customer checking out a model of a real estate project in Shenzhen, Guangdong province. Property prices in China's 70 major cities rose at the fastest pace in 16 months in November    "We should scrap or adjust local property policies launched last year that no longer comply with the current macroeconomic goals," Jiang said.     According to Dong Chen, director of the research institute of Southwest Securities, the government moves on real estate policies indicate that while policymakers are striving to cement the economic rebound, they are also serious in curbing the excessive liquidity in the financial system to allay fears of asset bubbles and inflation.     Property prices in China's 70 major cities rose at the fastest pace in 16 months in November, fueling concern that record lending and inflows of capital from abroad are building up asset bubbles.     "Credit policy is the key to curb the rising property prices, as it would have a direct impact on transaction volumes," said Su Xuejing, an analyst with Changjiang Securities.     "We anticipate more policy tightening in the future like increasing the down payment and mortgage rates for second-home buyers," he said.     Shanghai Securities News said on Tuesday that the government plans to expand trials of a real estate tax, citing an unidentified person close to the State Administration of Taxation.     The anticipated policy changes have also affected the capital market performance of leading realtors. Shares of China Vanke Co, the country's largest listed property developer, have fallen more than 12 percent in the past month on concerns that the measures to cool the property market would impact earnings. Poly Real Estate Group Co, the second largest real estate firm, also saw its shares fall to a four-month low.     Meanwhile, a report from UK real estate service provider Savills said that the tighter credit policies and soaring realty prices have spurred property sales by international investors. Many of the investors had acquired the properties several years back and have been able to get handsome returns now, it said.     "Sales by foreign investors increased from 7 percent in 2008 to 20 percent in 2009," said the report.