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BEIJING, July 1 (Xinhua) -- China's latest fuel price hike from Tuesday would certainly pinch the pockets of consumers, but may not leave a lasting impact on the nation's economic recovery, analysts said.     Gasoline, diesel and jet fuel prices in the country were raised by as much as 11 percent from Tuesday, the third increase this year and the second in June, to reflect recent price changes in the global oil market.     For many like the 24-year-old fashion writer He Yi, it is time to tighten their purse strings, Wednesday's China Daily reported.     He said she is determined to use less air-conditioning when driving, despite the scorching heat in Beijing.     According to a survey by the Chinese web portal Sina.com, more than 90 percent of the 180,000 respondents said they had decided to drive less in response to the price hike, and more than 94 percent thought fuel prices are too high now.     Pump prices for 90 octane gasoline in Beijing was set at roughly 5.71 yuan a liter, or about 3.16 U.S. dollars a gallon, the National Development and Reform Commission, the nation's top economic planning agency, said in a statement on its website late Monday.     That compares to an average of 2.69 U.S. dollars a gallon in the United States, according to Bloomberg.     China's retail fuel prices are controlled by the government under a mechanism introduced in December that takes into account of crude prices, taxes and a profit margin for refiners.     The country may adjust fuel prices when crude prices change more than 4 percent over 22 straight working days. Crude oil futures have risen 60 percent to more than 70 dollars a barrel this year from a July record on signs of a global recovery.     However, economists and analysts believe this round of price hike will not have any direct and obvious impact on the Chinese economy, which is largely fueled by coal.     "As China only needs oil to supply 20 percent of its energy consumption, costlier oil will not make things as bad as costlier coal," said Lin Boqiang, director of the China Center for Energy Economics Research at Xiamen University.     "However, the economy will be hurt if higher crude prices drive up coal prices," Lin said.     In addition, China's consumer prices fell for a fourth month in May, making it easier for the government to raise oil prices, said Niu Li, senior researcher at the State Information Center.     The price hike comes amid a surge in demand for automobiles in the world's third-largest economy. Passenger car sales rose 47 percent in May to 829,100 units, the biggest jump since February 2006.     Chen Zheng, an auto industry analyst with China Securities Co, believed that consumer demand would not be seriously dampened by this round of price hikes, as China's car owners are largely social elites, who can afford the moderate increases in gasoline prices.     "But if oil prices continue to surge, I'm sure many people will stop buying new vehicles, especially the high-emission cars," Chen said.     PetroChina and Sinopec, two major oil producers, went high shortly after opening, but closed with smaller gains, up 0.28 percent and 0.66 percent to 14.48 yuan and 10.66 yuan respectively in Shanghai Tuesday.

CHENGDU, May 28 (Xinhua) -- Chinese Vice Premier Hui Liangyu called on Thursday Asian and European countries to improve their disaster prevention and relief abilities through cooperation and sharing of information.     Hui made the remark at an Asia-Europe workshop on cooperation and capacity building in disaster prevention and relief, held in Chengdu, capital of southwest Sichuan Province.     Hui said natural disasters are common challenges facing the whole mankind, and cooperation between Asian and European countries in disaster relief not only has an important bearing on the economic development and livelihood of the people, but also on the sustainable development of the mankind.     "Asian and European countries should further enhance exchange and cooperation in monitoring and forecast of disasters, as well as emergency response and relief efforts," said Hui, who also suggested building of a cooperation mechanism and information sharing, that would serve the improvement of disaster prevention and relief abilities of all countries.     China had frequent natural disasters and would share its experience in coping with disasters with other countries, Hui said. He said China would continue to provide support and aid within its ability to the capacity building in disaster relief for other developing countries.     On the country's disaster prevention and relief capacity building, Hui said, China would further improve its monitoring of natural disasters and emergency rescue system, raise anti-disaster standards for buildings and increase public awareness of disasters and push for international cooperation in disaster relief.     The vice premier expressed China's appreciation for international help and support to the country's disaster relief and quake relief after the 8.0-magnitude earthquake that struck Wenchuan of Sichuan on May 12, 2008.

BEIJING, July 13 (Xinhua) -- China's top political advisor Jia Qinglin on Monday asked members of the National Committee of the Chinese People's Political Consultative Conference to contribute new ideas for the country's sustainable development.     "Speeding up the shift of development mode and structure adjustment is in line with the promotion of the country's innovation capacity. It will also benefit the country's competitive power in economy and the strength to cope with risks," Jia said. Jia Qinglin (C), chairman of the National Committee of the Chinese People's Political Consultative Conference, addresses a consultative conference on sustainable development in Beijing, capital of China, on July 13, 2009    Jia, chairman of the National Committee of the Chinese People's Political Consultative Conference, made the remarks during a consultative meeting held here on sustainable development.     Jia urged political consultative organizations at all levels and their members to adjust their work in line with the central government's decisions and policies.

BRATISLAVA, June 18 (Xinhua) -- Chinese President Hu Jintao and his Slovakian counterpart Ivan Gasparovic held talks here on Thursday and they agreed to take the 60th anniversary of diplomatic ties as an opportunity to consolidate their traditional friendship and enrich the contents of cooperation.     Speaking highly of the longstanding friendship between the two countries, Hu noted in particular the substantial development of bilateral relations since the Central European country gained independence 16 years ago.     Expressing satisfaction at the state of bilateral ties, Hu said there are no outstanding issues left over by history or conflict of interests between China and Slovakia, Hu said. It is the shared goal of the two countries to expand consensus and deepen cooperation, he added. Visiting Chinese President Hu Jintao (L) meets with Slovakian President Ivan Gasparovic for talks in Bratislava, capital of Slovakia June 18, 2009"This is in the fundamental interests of the two countries and the two peoples," Hu said. He made a four-point proposal for the further development of bilateral ties.     Firstly, the traditional friendship should be consolidated and bilateral mutual political trust be enhanced, Hu said.     The frequent contacts between leaders of the two countries is important to the development of bilateral ties and the Chinese side welcomes President Gasparovic to visit China again. The two sides should also promote exchanges and cooperation between the two governments, legislative bodies and political parties so as to consolidate the political foundation of bilateral relations. Visiting Chinese President Hu Jintao (R, front), accompanied by Slovakian President Ivan Gasparovic, inspect the honor guard during a welcoming ceremony in Bratislava, capital of Slovakia June 18, 2009.Second, both side should enhance economic and trade cooperation and join efforts to cope with the ongoing financial crisis, Hu said, adding that this is the focus of bilateral cooperation at present.     They should expand trade links and achieve a balanced growth in two-way trade, increase mutual investments, expand areas of cooperation and oppose protectionism.     Different forms of cooperation should be encouraged in such fields as infrastructural construction, new energy, agriculture and environmental protection. Chinese President Hu Jintao (L) and Slovakian President Ivan Gasparovic meet with journalists after their talks in Bratislava, capital of Slovakia June 18, 2009In responding to the impact of the international financial crisis, the two countries should also strengthen communication, share experiences and push for the reform of international financial systems.     Third, cultural exchanges and cooperation should be expanded with more substance and the two sides should learn from each other for common development, he said.     Fourth, there should be strengthened coordination and consultation between the two countries in international and regional organizations such as the United Nations, as well as closer multilateral cooperation in efforts to make joint contributions to world peace and stability, he said.     Agreeing entirely with Hu's views, Gasparovic said the Chinese president's visit is of great significance to promoting bilateral cooperation in various fields and friendly relations between the two countries. Chinese President Hu Jintao and Slovakian President Ivan Gasparovic meet with journalists after their talks in Bratislava, capital of Slovakia June 18, 2009Slovakia will continue to adhere to the one-China policy, he said.     Only through concered efforts of all countries in the world could the crisis be tackled in an effective way.     The Slovakian president said his country welcomes more investments from China and is ready to promote reciprocal cooperation in the fields of science and technology, energy, new energy, infrastructure, machinery, tourism and agriculture.     Hu, currently on a three-nation tour, arrived here earlier in the day after concluding a state visit to Russia. He will also visit Croatia.     Earlier this week, the Chinese president attended the annual summit of the Shanghai Cooperation Organization and a meeting of the BRIC countries -- Brazil, Russia, India and China, in the Russian city of Yekaterinburg. 

BEIJING, July 7 (Xinhua) -- Chinese banks have been active in transacting yuan cross-border settlement after the first deal was made Monday.     The Industrial and Commercial Bank of China (ICBC) said Tuesday it had dealt with yuan cross-border settlement totaling 17 million yuan (2.49 million U.S. dollars) in two days.     Many banks in Guangdong Province were active in dealing with yuan cross-border settlement. The Bank of China Guangdong branch transacted yuan cross-border settlement totaling 7.96 million yuan (1.17 million U.S. dollars) Tuesday.     "Guangdong Province has a large economic scale and is highly dependent on foreign trade. Yuan cross-border settlement could help enterprises avert exchange rate risks and reduce costs," said Cao Licong, deputy governor of the BOC Guangdong branch.     "The service is favored by enterprises and will be promising in the future," said Hu Ye, deputy governor of the ICBC Guangdong branch.     China launched its first yuan cross-border settlement Monday.     China's State Council, or Cabinet, announced in April a pilot program to allow exporters and importers in Shanghai, and southern Guangzhou, Shenzhen, Zhuhai and Dongguan cities to settle cross-border trade deals in Renminbi (RMB), or yuan.     China last week issued detailed regulations for the pilot program for cross-border trade settled in yuan. The rules specified how to make transactions using yuan to settle trade with Hong Kong and Macao and regional trade partners.