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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.
XIANGNING, Shanxi, April 8 (Xinhua) -- The death toll at the flooded Wangjialing Coal Mine in north China's Shanxi Province had risen to 20 as of 8:20 p.m. Thursday while 18 miners are still unaccounted for, rescue authorities said.Three more bodies were recovered late Thursday after five were found earlier in the day.As of late Thursday, about 240,000 cubic meters of water had been pumped out, much more than the presumed 130,000 cubic meters, said Liu Dezheng, spokesman of the rescue operation, late Thursday.Seven of nine working sections had been ruled out for the existence of survivors and the targeted areas were narrowed to two sections, he said.Rescue operations were resumed after a short suspension because suspected leakage from an adjacent abandoned mine prompted flooding fears and an evacuation of the rescuers.Hundreds of rescuers evacuated when the shaft ceiling began to leak Thursday morning, said Liu Dezheng.The leakage had stopped by Thursday afternoon.Some survivors telephoned their family Thursday morning, and the family members would been organized to visit them, said Hong Yu, deputy manager of China National Coal Group Corp., who owns the flooded mine.All victims would be compensated, Hong added.A total of 261 miners were working below ground when the mine flooded on March 28. Some 108 miners escaped unharmed while 153 were trapped underground.On Monday, 115 miners were brought out of the mine alive after being trapped for more than a week.
BONN, Germany, April 10 (Xinhua) -- The Copenhagen Accord should not act as "the third track" of climate talks and the urgent situation calls for all parties advance talks without delay in 2010.That's according to Su Wei, head of the Chinese delegation to the Bonn meeting held from April 9 to 11.Su told Xinhua on Friday that he expected that the ministerial-level U.N. conference to be held in Cancun, Mexico in December could achieve "three interdependent targets," as the 2009 Copenhagen summit failed to fulfill the task assigned by the Bali Roadmap."The first is to confirm quantified post-2012 emission-cut targets for the developed countries bound by the Kyoto Protocol," he said, "The second, the developed countries which haven't endorsed the Protocol should determine comparable emission-cut goals under the U.N. Framework Convention on Climate Change (UNFCCC).""Last but not least, developed countries should provide practical support to developing countries on climate funds and technology transfer," Su said.The Copenhagen Accord, which was put forward at the last minute after marathon talks in late 2009, reaffirmed the principle of "common but differentiated responsibilities" for developed and developing nations.It also upheld the dual-track negotiating mechanism of the UNFCCC and its Kyoto Protocol and reached important political consensus on several key issues, such as climate financing, long-term objectives and transparency of mitigation measures, Su told Xinhua."One of the prior tasks at present is that the political consensus achieved in Copenhagen should be reflected in the negotiating texts of the two working groups, so as to push the negotiations forward in 2010," he said.The two working groups, both under U.N. framework, are named as the Ad-hoc Working Group on Long-term Cooperative Action (AWG-LCA) and the Ad-Hoc Working Group on Further Commitments for Annex I Parties under the Kyoto Protocol (AWG-KP).Su also said that the Copenhagen Accord was an important political declaration on climate talks, but the deal itself could not substitute for the dual-track mechanism set by the Bali Roadmap in late 2007."The accord cannot be the third track, and all parties should continue the negotiating process under the existing dual-track mechanism, and focus on pending issues left by Copenhagen summit," he said.Su called for more climate meetings this year for both working groups, so that all parties could have plenty of time to "fully exchange their concerns and positions.""Developing countries, such as African nations, are the most vulnerable to global warming and in need of financial and technological support from developed countries when facing climate challenges," he said."The current process has lagged behind the schedule set by the Bali Roadmap, urging us to accelerate the negotiating process to prevent further damages," he added."Affected by internal economic crisis, some developed countries tend to strides back in climate issues, as the public's environmental enthusiasm diminished," Su warned. "Some rich nations emphasized their economic recovery while weakening efforts on climate aid and technological assistance for developing countries.""This backward gesture of rich countries sent strong negative signals to the ongoing climate talks," Su said.The Copenhagen Accord had pledged to offer 10 billion U.S. dollars per year to help poor countries combating climate change in the next three years, known as "the fast-track approach" and to boost the aid to 100 billion dollars annually by 2020."The amount of the money was apparently inadequate, compared with the tough mission of fighting climate change, but it was still far better than none," he said. "What we hope is that these promises can be converted into real actions, to fulfill the urgent demands of some poor countries on tackling climate change."He also noted that the United States, the main emitter and player in climate talks, remains "uncertain" on its actions of emission cutting, as the country's carbon-capping bill seemed stalled in the Senate."The international community expects the United States, the leading economy in the world, to make positive contributions on emission reduction and long-term climate financing mechanisms, which would weigh a lot for promoting the U.N. climate negotiations," he said.As for China, Su said his country would continue to play an active and constructive role, demonstrate utmost sincerity and make its best effort for reaching a widely accepted framework on combating climate change.The United Nations held a new session of formal climate change negotiation in the German city of Bonn from April 9 to 11, the first round this year, aimed at drawing up a calendar on climate talks for the whole 2010.Another session of U.N. climate talks will also take place in Bonn, headquarters of U.N. Climate Change Secretariat, from May 31 to June 11
BEIJING, May 27 (Xinhua) -- Chinese and Indian presidents Thursday agreed that the two Asian countries should further develop partnership and cooperation for mutual benefits as well as regional and global peace and development.Chinese President Hu Jintao and his Indian counterpart Pratibha Devisingh Patil held talks in Beijing Thursday afternoon. Patil arrived in Beijing Wednesday for a six-day state visit to China, the first of its kind over the past decade.Hu said expanding the strategic partnership of cooperation between China and India conformed with fundamental interests of both countries and their people and was conducive to peace, stability and development of the region and the world.He said leaders of the two countries should have frequent meetings and negotiation to enhance mutual trust, for which governments, legislatures and political parties should also play a role. Chinese President Hu Jintao (L) and Indian President Pratibha Patil inspect a guard of honor during a welcoming ceremony held for Patil in Beijing, capital of China, May 27, 2010.President Patil said India-China relations were of global and strategic significance, and all political parties in India were supportive of further advancing such relations.On trade and economic cooperation, Hu urged the two countries to push forward cooperation in fields including finance, agriculture, science, technology, forest and environmental protection.The two countries should create a more flexible environment for each other's companies to make investment and undertake construction contracts, he said.Both countries must adhere to the principles of openness and mutual benefit while opposing protectionism in any form, he said.Describing trade and economic cooperation as a pillar of bilateral ties, Patil said India and China should work together to realize trade target that had been set.Hu said China and India should work more closely to address global issues such as economic downturn, climate change, energy security and food security.The two countries should maintain close communication and coordination within multilateral mechanisms such as China-Russia-India, BRIC, BASIC, and G20, in a bid to increase the voice of developing countries, Hu said.Patil said India was ready to strengthen cooperation with China to address the global issues and safeguard the interests of developing countries.Both presidents agreed that the two neighbors should step up people-to-people exchanges in the areas of culture, education, media, youth and non-government sectors.Celebrations such as "China Festival" in India and "India Festival" in China would be held this year to mark the 60th anniversary of the establishment of diplomatic relations.After the talks, the presidents witnessed the signing of a number of cooperative documents in the areas of tourism, human resources and sports.President Patil also met with top Chinese legislator Wu Bangguo and Premier Wen Jiabao Thursday.Besides Beijing, she will visit Luoyang City in central China's Henan Province and will attend the 2010 World Expo in Shanghai.
PORT-AU-PRINCE, March 27 (Xinhua) -- Edmund Mulet, head of the UN Stabilization Mission in Haiti (MINUSTAH), on Saturday extended his gratitude to the Chinese peacekeepers and riot police in the quake-ravaged country."I am here to show my respect to the Chinese riot police team and our sincere gratitude for your outstanding performance on behalf of the United Nations," said Mulet during an inspection tour of their campsite.He noted the United Nations was satisfied with the high efficiency of the eighth contingent of Chinese riot police, which was sent to Haiti for the second time. Though there have been several rotations, their dedication and commitment to the peacekeeping mission remain unchanged.When they lost eight members in the 7.3-magnitude earthquake, the Chinese squad did everything they can to tackle the challenges and support MINUSTAH's operation. They had won wide acclaim by the local people, he said."I feel gratified to work with such an excellent police team like you," Mulet added.During the inspection, he also watched and spoke highly of the fighting performance of the Chinese police.Mulet is a Guatemalan diplomat and had previously served as the UN Secretary General's Special Representative to Haiti. He succeeded Hedi Annabi as head of the MINUSTAH after Annabi died in the Haiti earthquake.