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BEIJING, April 1 (Xinhua) -- Chinese President Hu Jintao will attend the Nuclear Security Summit on April 12 and 13 in Washington, Foreign Ministry spokesman Qin Gang said Thursday."China attaches importance to nuclear security, opposes nuclear proliferation and nuclear terrorism, and supports international cooperation," Qin said at a regular press briefing in Beijing.Leaders and representatives from more than 40 countries and some regional and international organizations, such as the European Union and the International Atomic Energy Agency, will take part in the conference."We hope the summit will achieve a consensus by all countries on nuclear security and yield positive results," Qin said.After the meeting, Hu will pay a state visit to Brazil and attend the second summit of the BRIC nations -- Brazil, Russia, India and China -- in Brasilia from April 14 to 17, Qin said.Hu will also pay a state visit to Venezuela on April 17 and 18, and make a working visit to Chile on April 18, Qin said.
SHANGHAI, April 30 (Xinhua) -- China tried to hold a low-carbon opening ceremony for the Shanghai World Expo Friday evening, a fair featuring ideas for sustainable urban life.From energy-efficient stereo system and LED screens to clean and smoke-free fireworks, green ideas were in full swing at the ceremony.Program menus, brochures, gift handbags and props for the ceremony were made of recyclable paper, and used milk boxes had been turned into 2,000 VIP seats.The Expo site boasts a 4.7-megawatt solar power system, China's largest, with solar panels installed on Expo buildings, according to Expo organizers.Most of the materials used to make the pavilions will be recycled, and zero-emission vehicles are used for transport within the Expo grounds, said the organizers.In addition, a wide range of "urban best practices" will be on show in many local and corporate pavilions, showing sustainable urban technologies.
VANCOUVER, April 27 (Xinhua) -- Shanghai's upcoming hosting of the World Expo will be an "unforgettable experience" for local residents, leaving a lasting legacy of international trade that will be of benefit to everyone, according to a former Canadian politician.Grace McCarthy, the British Columbia tourism minister who was largely responsible for bringing the World Expo to Vancouver in 1986, said the hosting of the fair put the Canadian city on the global map, ultimately leading to its successful hosting of the Winter Olympics earlier this year.Now 82 and retired from politics, McCarthy, who heads the Vancouver-based Child Foundation charity which helps children with liver and intestinal disorders, said the spinoffs of the Shanghai expo would be vast, ranging from economic development for the city and the country as a whole, to improving the lives of local residents."Shanghai undoubtedly has strong local government with committees working night and day to make connections around the world. Those connections will pay off because they wouldn't even show up if they didn't plan to have a plant (they wanted built) or wanted to go and help rebuild that area that the expo site is on. There will be international trade which will be a benefit for everybody," she said."The opportunity now for Shanghai is the world gets to know the city, not as a land, but as the land of opportunity. Not as individuals who are hardworking, but individuals who want people to come and stay and live and contribute to the country. That's the essence of a world expo. People will see a very different Shanghai than what they have envisioned. It's a pure learning experience."With a theme of transport and communication, the Vancouver expo previewed a host of technologies that are now commonplace.Demonstrations of the internet were on display nearly a decade before it became commonplace, while inventor Arthur C. Clarke presided over a satellite dinner. With diners sitting in Canada, the famed author of 2001: A Space Odyssey chatted with those assembled via satellite from his Sri Lankan base.There was also a demonstration line of Vancouver's new transportation system with an overhead "Skytrain" moving passengers through the expo site. McCarthy said the Canadian-made system had drawn great interest from Singapore which was looking to improve its own rapid transit at the time. However, they ended up going with Japanese technology."It's that kind of interface and that kind of incentive that assist industry both in Canada and British Columbia. From that point of view it was super successful from educating young people about the world they live and making industrial and commercial contacts. At expos you always see futuristic things."That's what really makes an expo when you can showcase the world. It's a real learning experience for the country hosting. Children would come to expo and they would learn all about China, what they produced, what their educational system was like. Then they would go to another pavilion and find out more. It was a real learning experience because there was something for everyone at expo."McCarthy admits Vancouver's expo experience happened almost by accident. To celebrate the city's 100th anniversary in 1986, she got in contact with the Louvre art gallery in Paris to see about the possibility of touring the Mona Lisa across Canada, but little success. A chance meeting in London with Patrick Reid, who had overseen Canada's interest at six world expos, however, sealed the deal. With a reported budget of 800 million to 1 billion Canadian dollars, the fair was a great success in attracting more than 22 million visitors, but ultimately lost just over 300 million Canadian dollars.Despite the financial loss, McCarthy said the expo was beneficial for the psychology of the country that at the time was emerging from a prolonged recession. In addition, there was a sense of patriotism that swept over Canada."It was very beneficial for the psychology of the country and that's difficult to put dollars to. Everything is not all dollars, but everything in dollars is psychological because if you pour money into a party, an event or something, you can be super successful if you do it right. That's what we did."For a person who doesn't know Shanghai, this is a great learning experience for them. They'll see the excitement of the opportunities, the young people who have come to life in the city and are doing incredible things, they'll see all of that and their perception will change. That's worth an awful lot in the global picture."One area that benefited Vancouver tremendously following the fair was tourism. In 2008, tourism employed more than 131,000 people in the western province making it one of its largest sectors along with forestry, fishing and mining. It had 2008 revenues of more than 13.1 billion Canadian dollars, up 35 percent since 2002, according to Tourism BC statistics. "Expo provided us with a showcase to show the world and the world was very interested in seeing it. We had boom years for tourism after that ... afterwards, the people who came in droves and were interested in coming simply because of the media coverage that went all over the world," McCarthy said."When the whole thing finished the world did know about us. Someday they would like to come to British Columbia, Canada. That was kind of the mantra. And people did come in droves. Tourism was at its peak during those years."She adds, however, that the Shanghai organizer needed to recognize that "a country can't live on parties" alone, they also needed to be serious about the business end of it."The business end of it is just as much the hospitality plan quotient and the business plan quotient together."It is very important that countries envision what they want for the values of their people and what the people themselves want for a very good way of life."
BEIJING, May 2 (Xinhua) -- The People's Bank of China (PBOC), the central bank, announced Sunday it will raise the deposit reserve requirement ratio (RRR) for most financial institutions for the third time this year amid growing concerns of asset bubbles and economic overheating.The bank said in a statement on its website that it would raise the deposit reserve requirement ratio (RRR) for financial institutions by half a percentage point from May 10.The ratio for the rural credit cooperatives and rural banks would remain unchanged at 13.5 percent, said the PBOC.However, the RRR for other small financial institutions would rise to 14 percent, and that for large financial institutions to 17 percent.This is the third rise in the deposit ratio this year. On Jan. 12 and Feb. 17, the central bank raised the deposit ratio by half a percentage point each time.The move indicated the government was taking further steps to tighten monetary policy in response to concerns of overheating and asset bubbles, said Liu Yihui, an expert with the Financial Research Center of the Chinese Academy of Social Sciences (CASS).The PBOC has cut the bank reserve requirement ratio four times during the second half of 2008 to stimulate growth, as the global financial crisis started to weigh on the economy.The country posted a better-than-expected 11.9 percent year-on-year economic growth in the first quarter, but the government was cautious and had repeatedly warned that the economic conditions this year were "very complicated."China's consumer price index (CPI), the main gauge of inflation, saw a rise of 2.4 percent year on year in March, nearing the ceiling of 3 percent inflation this year that the government has set at the annual parliamentary session that month."There is an obvious tendency of overheating," Liu said.
BEIJING, March 30 (Xinhua) -- Chinese Vice Premier Li Keqiang Tuesday pledged to enhance cooperation with Finland and promote traditional friendly ties as the two countries celebrates the 60th anniversary of diplomatic relations.Meeting with Finnish parliament Speaker Sauli Niinisto, Li hailed the political, economic and cultural exchanges and cooperation, and the sound coordination on regional and international issues between the two countries.Li said the world economy had seen through its toughest period and witnessed some signs of recovery."However, a lot of uncertainties still remain and all countries should cope with them together," he said. Chinese Vice Premier Li Keqiang (R) meets with Sauli Niinisto, Speaker of the Parliament of Finland, in Beijing, capital of China, on March 30, 2010China's development would benefit its people and contribute much to the world economy, Li said. China would expand cooperation with Finland in coping with global challenges and the restructuring of the world economy."In doing so we can realize mutual benefits and fuel the sound recovery and sustainable development of the world economy," he said.Niinisto said China's development was an opportunity for his country and the two sides shared cooperation potential in clean energy and the low-carbon economy.Niinisto is in China for a four-day visit.