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ZURICH, Switzerland, Jan. 25 (Xinhua) -- Chinese Vice Premier Li Keqiang arrived here on Monday, kicking off his formal visit to Switzerland. He will also attend this year's World Economic Forum (WEF) annual meeting in Davos.During the past 60 years, Li said in a written statement upon arrival, the bilateral relations between China and Switzerland have enjoyed tremendous progress, with frequent top-level official exchanges, fruitful cooperation in trade and economy, deepened exchanges in various fields and smooth communication and coordination in dealing with international and regional issues.Chinese Vice Premier Li Keqiang delivers a speech during a dinner party held by the Economiesuisse, the Swiss Business Federation, at Zurich, Switzerland on Jan. 25, 2010. Li Keqiang arrived here on Monday for a four-day official visit to Switzerland, during which he will also attend this year's World Economic Forum (WEF) annual meeting in DavosSwitzerland recognized the People's Republic of China in 1950, becoming one of the earliest countries in western Europe to do so and to establish diplomatic ties with the new China, Li noted.The development of bilateral ties enjoys great potential and has a broad prospect, he added.Chinese Vice Premier Li Keqiang (L) shakes hands with Gerold Buehrer, president of Economiesuisse during a dinner party held by the Economiesuisse, the Swiss Business Federation, at Zurich on Jan. 25, 2010. Li Keqiang arrived here on Monday for a four-day official visit to Switzerland, during which he will also attend this year's World Economic Forum (WEF) annual meeting in DavosDuring the visit, Li is scheduled to hold talks with Swiss President Doris Leuthard and WEF President Klaus Shwab, and will have a dialogue with leading figures in the business circle.The Chinese vice premier believed that his visit will help further mutual political trust, enhance the traditional friendship, elevate bilateral trade and economic cooperation to a higher level, and continue to push the ties forward.Prior to the trip, Chinese Vice Foreign Minister He Yafei briefed the media that Li will exchange opinions with the Swiss authorities on bilateral relations, sum up the successful experiences of the development of bilateral ties for the past 60 years and discuss new ways on furthering the ties in order to inject new impetus into bilateral cooperation in various fields.In his planned address at the WEF annual meeting, Li will mainly brief participants about China's domestic economic situation, the Chinese government's policy, the achievement made through China's efforts to deal with the economy and society.Li will also elaborate China's stand on some global issues such as global governance and the world's joint response to climate change, and call for an all-round, sustained and balanced growth of the world's economy. Chinese Vice Premier Li Keqiang (L) and Gerold Buehrer, president of Economiesuisse step into the room during a dinner party held by the Economiesuisse, the Swiss Business Federation, at Zurich on Jan. 25, 2010. Li Keqiang arrived here on Monday for a four-day official visit to Switzerland, during which he will also attend this year's World Economic Forum (WEF) annual meeting in Davos

LONDON, March 15 (Xinhua) -- U.S. President Barack Obama's pressure on China over its currency's exchange rate is a manifestation of hypocrisy from the West and will not work, a British economist has said."The president is playing with fire... Obama really should tread carefully. At the same time, the United States is now at risk of sparking what could be an all-out trade war," said Liam Halligan in an article carried by this week's Sunday Telegraph.Halligan, chief economist at Prosperity Capital Management, predicted that China will not yield to U.S. pressure on the issue."Beijing will eventually allow the yuan to rise, but in its own time and in order to tackle inflation and not because of U.S. pressure."Chinese inflation is now at 2.7 percent, close to the official 3-percent control target, he noted.Halligan argued that the Chinese yuan may not be under-valued as much as Western politicians have perceived.Although Chinese exports rose by 46 percent in the first two months of 2010, the rise is from a very low base -- with February 2009 being the epicenter of the U.S.-sparked sub-prime storm, he noted.He also pointed out the fact that China's trade surplus dropped by 51 percent in the same period. That means China's gain in exports were out-weighed by an import surge."This hardly suggests the yuan, as (U.S. Treasury Secretary Tim) Geithner claims, is 'way too low'," said Halligan.Geithner said in January that Obama believed China was manipulating its currency.On Obama's latest call for China to adopt a more "market-oriented exchange rate," Halligan said Washington is actually the biggest currency manipulator in the world."The reality is that America's 'weak dollar' policy -- its long-standing practice of allowing its currency to depreciate in order to lower the value of its foreign debts -- amounts to the biggest currency manipulation in human history."Halligan also noted that Washington has for years "shamefully stalled" on various rulings of the World Trade Organization that showed America to be breaching global trade rules."America needs to act smarter and get its own economic house in order. Obama has decided instead to lash out at China in a desperate attempt to placate a U.S. electorate increasingly mindful of their president's failings," said Halligan.The economist said Western politicians' blame game against emerging markets over the current global imbalances reflects their hypocrisy and lack of character."It's always easier to blame someone else for your failings... The Western world's response to this self-made 'credit crunch' has highlighted the hypocrisy of our so-called leaders, their refusal to face reality and, above all, their lack of character," he said."The implication (of statements of Western politicians) is that sub-prime, and the deepest Western recession in generations, wasn't our fault. It was entirely unrelated to widespread financial fraud, political myopia and lax regulation," Halligan scorned.

BEIJING, Jan. 27 (Xinhua) -- China is scheduled to issue 26 billion yuan (3.82 billion U.S. dollars) of book-entry treasury bonds from Jan. 28, the Ministry of Finance (MOF) announced Wednesday.The two-year bonds, the first batch of treasury bonds this year, will be issued on the national inter-bank bond market and securities exchange market on Jan. 28 and Jan. 29, the MOF said in a statement on its website.The bonds have a fixed annual interest rate of 2.01 percent and will be available for trading from Feb. 2. Interest will be paid annually. The principal will be paid upon maturity on Jan. 28, 2012.

BEIJING, March 21 (Xinhua) -- China is likely to see trade deficit in March, Minister of Commerce Chen Deming said here Sunday.Chen made the remarks while delivering a speech at the China Development Forum 2010, running from Sunday to Monday, with a theme of "China and the World Economy: Growth, Restructuring and Cooperation".

BEIJING, March 11 (Xinhua) -- Senior Chinese leaders joined lawmakers Thursday in discussions on the work report of the National People's Congress (NPC) Standing Committee.In the deliberation with lawmakers from northwest China's Qinghai Province, Li Changchun, member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, said he totally agrees with the report.Li Changchun called on Qinghai authorities to further carry out the Scientific Outlook on Development and explore a new path of scientific and leapfrog development for underdeveloped regions.Li Changchun also told the deputies to step up efforts to promote core socialist values and ethnic unity.Vice Premier Li Keqiang joined the the discussion with lawmakers from Ningxia Hui Autonomous Region, in which he underscored the transformation of economic growth pattern.Li Keqiang said the region should improve economic restructuring, reforms and innovation, as the current drive to transform the economic growth pattern offers a new historic opportunity for western regions.Li Keqiang also said he entirely endorses the work report of the NPC Standing Committee.In his discussion with deputies from Jilin Province, He Guoqiang, member of the Standing Committee of the Political Bureau of the CPC Central Committee, said the province should take advantage of national policies to boost its own development.When speaking of fighting corruption, He, also head of the Central Commission for Discipline Inspection of the CPC, urged more efforts to address the loudest complaints of the people, expand participation of the public, and strengthening the collection and analysis of online information.