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JEJU, South Korea, May 29 (Xinhua) -- Leaders of China, Japan and South Korea on Saturday issued a document outlining a blueprint for cooperation within the coming 10 years.Chinese Premier Wen Jiabao, South Korean President Lee Myung-bak and Japanese Prime Minister Yukio Hatoyama, who are meeting in South Korea's southern resort island of Jeju for an annual trilateral summit, made joint pledges to further trilateral cooperation in such areas as economy, security, environmental protection and cultural exchange.The leaders of the three nations agreed that after making clear the detailed objectives and long-term goals within the next decade, all sides need to concentrate efforts on boosting trilateral cooperation to a new height, so as to further consolidate partnership, achieve more in mutually beneficial cooperation in all aspects and enhance friendship between the peoples of the three countries.Chinese Premier Wen Jiabao (R), South Korean President Lee Myung-bak (C) and Japanese Prime Minister Yukio Hatoyama shakes hands before the third trilateral summit in South Korea's southern resort island of Jeju on May 29, 2010. Leaders of China, Japan and South Korea met in the trilateral summit with the aim of mapping out future cooperation in East Asia.The three leaders agreed to set up a more cooperative mechanism to increase strategic mutual trust, which involves setting up a trilateral cooperation secretariat in South Korea in 2011 to jointly tackle natural disasters, discuss the possibility of a mechanism of trilateral defense dialogue to enhance security contacts, strengthen political dialogue and cooperation in police affairs, and boost government exchanges at local levels among the three nations.

BEIJING, June 5 - Environmental protection is about choosing the right path for economic growth and the right consumption model, beyond pollution control, environment minister Zhou Shengxian said on Friday."We have not successfully put the brakes on severe pollution - a result of the country's vulnerable ecosystems, large population, extensive economic growth that relies heavily on resource consumption and unsound environmental supervision systems," said Zhou at a ceremony to mark World Environment Day, which falls on Saturday.The country needs to step up its green economic policies to facilitate the shift to a "highly effective and low-emission" growth mode, Zhou said.To that effect, the Ministry of Environmental Protection will continue to promote the reform of energy use and pricing to reflect market demand and supply, resource shortages and environmental prices, he said.A tax system that encourages energy saving and environmental protection will be established, and the existing environmental economic policy tools, such as green security, green purchase and green trade, will be improved, Zhou said.Encouraging a green lifestyle has also been highlighted as a crucial measure to curb excessive consumption and reduce emissions.Consumption choices, such as preferences for smaller cars and energy-efficient appliances, could have deep impact on green production, analysts have said.Faced with mounting challenges to fight the country's environmental problems, Zhou was particularly concerned that with the strong economic rebound, emissions may rise again as production capacity expands.

BEIJING, April 10 (Xinhua)-- China's trade balance turned red in March with the country's first monthly trade deficit in six years, the General Administration of Customs (GAC) said Saturday.China exports were valued at 112.11 billion U.S. dollars in March, up 24.3 percent year on year, while the imports surged 66 percent to 119.35 billion U.S. dollars, resulting in a deficit of 7.24 billion U.S. dollars.The deficit was China's first since it posted a 2.26 billion deficit in April 2004, according to a report released by the GAC.China's total foreign trade rose 42.8 percent year on year to 231.46 billion U.S. dollars in March, according to Customs statistics.In the first quarter, foreign trade rose 44.1 percent to 617.85 billion U.S. dollars, with a surplus of 14.49 billion U.S. dollars though it was down 76.7 percent from the same period of last year.The country's trade surplus hit 23.7 billion U.S. dollars in February.Li Jian, a research fellow with the Research Institute under the Ministry of Commerce, said China's trade surplus had been falling since the start of the year."The deficit in March was just an extension of this trend," Li said.He said China did not purposefully pursue a trade surplus and had adopted a policy of encouraging imports and achieving a trade balance over the years.As the economy improved, any shift in people's expectations towards macro economic policies on liquidity and investment would influence importers' decisions and imported commodity prices, he said."Externally, we need to prudently monitor the world economy to avoid risk of a double-dip recession," he said. "Domestically, we need to focus on economic restructuring and transformation of economic growth pattern based on the stable growth of foreign trade."The GAC attributed the March deficit to shrinking exports of labor-intensive products, surging imports and rising commodity prices."The deficit in March is neither a recession, nor can it be sustained," the GAC said in its report, adding the deficit was small and China had maintained a "basic balance" between imports and exports.

BEIJING, May 4 (Xinhua) -- Chinese equities dropped to a seven-month low Tuesday, after the central bank said Sunday it would raise the deposit reserve requirement ratio (RRR) for most financial institutions for the third time this year.The benchmark Shanghai Composite Index lost 1.23 percent to close at 2,835.28 points.The Shenzhen Component Index fell 1.81 percent to 10,960.77 points.Total turnover shrank to 141.55 billion yuan (20.7 billion U.S. dollars) from 191.91 billion yuan on the previous trading day.Losers outnumbered gainers by 533 to 347 in Shanghai and 488 to 429 in Shenzhen.

TIANJIN, May 13 (Xinhua) -- Chinese Premier Wen Jiabao Thursday called for deeper cooperation between China and Arab states to create a peaceful international environment for development, fight the financial crisis, safeguard energy security and tackle climate change.Wen made the remarks at the opening ceremony of the fourth Ministerial Meeting of the China-Arab Cooperation Forum held in the north Chinese port city of Tianjin.During the two-day forum, the two sides will discuss upgrading their relationship to a strategic level and release an action plan for a cooperation blueprint in the next two years.COMPLICATIONS OF FINANCIAL CRISIS Chinese Premier Wen Jiabao addresses the opening ceremony of the fourth Ministerial Conference of the China-Arab Cooperation Forum in China's northern port city of Tianjin, on May 13, 2010. Wen warned the complication of the global financial crisis with deepening sovereign debt crisis in some nations."We should never underestimate the seriousness and complication of the financial crisis and its deep impact on international politics and the economy," Wen said.The global economy was slowly recovering, but its foundation was not solid, he said.Wen blamed the fragile recovery on deepening sovereign debt crises in some countries, high unemployment rates in major economies, high commodities prices and rising trade protectionism.The international governing system faced deep reforms and the global economic structure was undergoing deep transformation, he said.Wen said reforms of international economic and financial systems should be pushed forward and the establishment of a new just and reasonable international economic and financial order should be accelerated."(We) should improve the decision-making processes and mechanisms at international financial institutions and boost cooperation in international financial supervision," he said.While calling for opposition to all forms of protectionism, support for free trade, Wen said, "It is imperative to advance the Doha Round talks of the World Trade Organization toward achieving reasonable and balanced results as soon as possible."He urged major economies to transform the economic growth pattern of low savings and high consumption and to strengthen financial supervision to curb excessive speculation.China would unswervingly carry out its mutually beneficial opening strategy and unveil more measures to facilitate trade and investment, he said.COOPERATION IN ENERGY, CLIMATEWen said energy exporters and importers should step up dialogue and contacts and carry out cooperation in energy development.Investment in the energy sector should be encouraged to maintain a basic balance in energy supply and demand and reasonable global energy prices, he said.The international community should work to maintain stability in energy producing countries and curb excessive speculation to maintain order in the international energy markets, he said.Talking about economic and trade with the Arab states, Wen said China was ready to stabilize trade in oil and natural gas with the 22 Arab League nations, while expanding imports of non-oil products.He said, "China at the same time will increase exports of high value-added machinery and electronic products and high-tech products to the Arab countries."Trade between China and Arab states surged to 107.4 billion U.S. dollars last year from 36.4 billion U.S. dollars in 2004.China would continue to encourage businesses to invest in Arab states and welcome investment from Arab states, he said.China was ready to promote cooperation in infrastructure, including power, railways and roads, and to deepen cooperation in oil and gas projects, he said.Efforts should be made to vigorously develop energy-saving technologies and clean and renewable energies to help tackle global climate change.China would reduce emissions of carbon dioxide per unit of gross domestic product by 40 to 45 percent from 2005 levels by 2020.Wen said China and Arab states should increase exchanges by senior officials and consultations on strategic issues, and boost coordination in major international and regional affairs.Wen urged developed countries to shoulder the main responsibility in helping developing nations to maintain financial stability and economic growth to reduce the imbalance of development, the fundamental imbalance of the world economy.China would as always provide aid without conditions to developing countries, he said.China and Arab countries have relations dating back to the Silk Road about 2,000 years ago. China has diplomatic ties with all 22 members of the Arab League.The forum was initiated in January 2004, when Chinese President Hu Jintao visited the Arab League headquarters in Cairo. It has since served as a platform for exchanging views between China and Arab nations and for enhancing mutually beneficial cooperation.