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BEIJING, Dec. 20 (Xinhua) -- Foreign Minister Yang Jiechi pledged Sunday China will continue to cooperate with other countries to address global challenges in the coming new year.     "China will continue to work with the rest of the international community to tackle various global challenges with full confidence and jointly advance world peace and development," said Yang at a new year reception held by the Foreign Ministry for foreign diplomats and officials of international organizations. The Ministry of Foreign Affairs of China holds a New Year reception for foreign envoys and guests in China, in Beijing, capital of China, Dec. 20, 2009.He said the year 2010 will be crucial for the recovery of the global economy, the reform of the international system and China's efforts to ensure stability and promote development.     "We will work to maintain steady and relatively fast economic growth, and at the same time speed up the transformation of the economic development pattern so that our effort on these two fronts will reinforce each other," Yang said.     He said China will remain committed to the path of peaceful development and the win-win strategy of opening-up, and pursue development that is peaceful, open and cooperative. Chinese State Councilor Dai Bingguo (2nd R) and Chinese Foreign Minister Yang Jiechi (1st L) toast with a foreign guest during a New Year reception held by the Ministry of Foreign Affairs of China, in Beijing, capital of China, Dec. 20, 2009. Yang told reporters at the reception the Shanghai World Expo is one of the major tasks of China's diplomatic work in 2010.     He said he would like to take the reception as an opportunity to promote the expo to the international community and invite overseas people to visit China during the event next year.     In his speech, Nolana Ta Ama, dean of the Diplomatic Corps and Togo's ambassador to China, said as China plays an increasingly important role on the international stage, it will continue to devote itself to the world affairs in 2010.     Over 400 people, including China's State Councilor Dai Bingguo, attended the reception.

BEIJING, Oct. 29 (Xinhua) -- Sino-U.S. ties have been warmed up for U.S. President Barack Obama's upcoming China visit by frequent contacts between high-level officials from both sides, Chinese experts said Thursday.     The 20th meeting of China-U.S. Joint Commission on Commerce and Trade (JCCT) was officially convened on Thursday morning in China's eastern city of Hangzhou.     This year's JCCT talks, highlighted by U.S. Commerce Secretary Gary Locke, Trade Representative Ron Kirk and Agriculture Secretary Tom Vilsack, were widely seen as part of preparations for the presidential summit next month.     "Today's JCCT meeting laid a solid groundwork and made full preparations for President Obama's visit in two weeks, which will help build the positive, cooperative and comprehensive China-U.S. relations toward the 21st century," China's Minister of Commerce Chen Deming said at the end of talks.     In the meantime, Xu Caihou, vice chairman of China's Central Military Commission, was paying his first visit to the United States under the Obama administration.     During his talks with U.S. Secretary of Defense Robert Gates, Xu and Gates explored ways to further military-to-military cooperation and reached agreement on seven points, which included Gates' visit to China in 2010 and mutual visits of warships.     The agreement on conducting joint maritime searches and rescue exercises has already had the embryonic form of crisis management mechanism, said Ding Xinghao, president of the Shanghai Association of American Studies.     During the 11-day visit, the Chinese general was also invited to visit some sensitive military sites, including the Strategic Command Headquarter, which was in charge of nuclear weapons and cyber war.     Xu's visits to the sensitive military sites showed the U.S. military's willingness to promote mutual trust with the Chinese military, said Fu Mengzi, a researcher with the China Institute of Contemporary International Relations.     Since the Obama administration took office, Sino-U.S. relations have witnessed a smooth transition and maintained a good momentum of development.     In June 2009, the defense ministries of China and the United States held the 10th defense consultation. In July, the two countries held their first round strategic and economic dialogue. In August, the two militaries held the maritime military security consultation.     In addition, Obama issued a "presidential determination" On Sept. 29 that shifted authority for approving sales to China of missile and space technology from the White House to the Commerce Department, a move viewed by experts as Washington's delivery of goodwill to Beijing.     It was also noteworthy that U.S. Deputy Secretary of State James B. Steinberg proposed a new term to describe U.S.-China relations in his keynote address entitled "Administration's Vision of the U.S.-China Relationship" at the Center for a New American Security in Washington on Sept. 24.     "Strategic reassurance", as Steinberg noted, means that "just as we and our allies must make clear that we are prepared to welcome China's 'arrival'...China must reassure the rest of the world that its development and growing global role will not come at the expense of security and well-being of others."     This term captured the crux of Sino-U.S. ties, said Niu Xinchun, vice director of the Center for American Studies at the China Institute of Contemporary International Relations. "It is aimed at realizing the strategic mutual trust between the two countries."     The foundation for the sustained and stable development of bilateral ties lies in mutual trust, he said, but trade frictions between the two nations show that mutual trust still needs to be strengthened.     Obama announced in September to impose 35 percent punitive tariffs on all car and light truck tires from China for three years.     Just on Tuesday, the U.S. Department of Commerce announced preliminary determination that intended to impose a tariff up to 12 percent on the steel grafting and steel strand imported from China, valued 269 million U.S. dollars.     In addition, China and the United States still have differences on some issues concerning China's core interests, such as U.S. arms sales to Taiwan and Tibet-related issues.     Although both sides have the willingness to enhance mutual trust, it is still difficult for them to fulfill the goal, said Fu Mengzi, adding it needs sustained efforts from both sides.     "Sino-U.S. relations are now standing at a new historical starting point," said Chinese Vice Premier Wang Qishan at the opening ceremony of the 20th JCCT meeting. "President Obama's first China visit will surely provide new opportunities for bilateral cooperation."

BEIJING, Dec. 1 (Xinhua) -- Chinese Premier Wen Jiabao encouraged HIV/AIDS sufferers to live on with hope and confidence during his visit to a Beijing hospital on the World AIDS Day, which falls on Tuesday. At the Beijing Home of Red Ribbon in Ditan Hospital, Wen and Vice Premier Li Keqiang visited two AIDS patients and medical volunteers, experts.     Since China reported its first AIDS case in 1985, the world's most populous nation had recorded 319,877 HIV/AIDS cases and 49,845 deaths by October, according to the Ministry of Health. Chinese Premier Wen Jiabao (3rd L) and Vice Premier Li Keqiang (4th L) listen to HIV researchers' speech during their visit at the Beijing Home of Red Ribbon in Ditan Hospital in Beijing, capital of China, Dec. 1, 2009    Yet, the statistics only include cases reported by medical facilities. The ministry and the UNAIDS estimate that China will have 560,000 to 920,000 living HIV carriers, with 97,000 to 112,000 AIDS patients by the end of 2009.     Over the past six consecutive years, Premier Wen inspected HIV/AIDS prevention and treatment work every year and even invited orphans whose parents died of AIDS to tour Zhongnanhai, a compound of buildings for the central authorities in the heart of Beijing.     At the Beijing Home of Red Ribbon on Tuesday, Wen put on a red ribbon, the awareness symbol for the fight against AIDS, and shook hands with two HIV carriers, who are also instructors there.     Wen said that attention should be paid to AIDS prevention not only on the World AIDS Day, but also in daily life and work. Chinese Premier Wen Jiabao (front C) shakes hands with a German HIV expert while Vice Premier Li Keqiang (3rd R) looks on at the Beijing Home of Red Ribbon in Ditan Hospital in Beijing, capital of China, Dec. 1, 2009    Lao Zhao, an HIV sufferer, told Premier Wen that he was diagnosed HIV positive in 2003 and has received medical treatment thanks to the country's policy of "four frees, one care".     Since the end of 2003, the Chinese government has carried out the policy "four frees, one care" including free blood tests for those with HIV, free education for orphans of AIDS patients and free consultation, screening tests and antiretroviral therapy for pregnant women.     Premier Wen told Lao Zhao that the AIDS patients should keep an optimistic mood, self-confidence and persist in taking the anti-AIDS medicine and therapy.     Wen also encouraged Lao Zhao and other AIDS patients to provide psychological counseling for their ward mates and exchange their therapy experience for mutual encouragement.     "The efforts of the volunteers and the fellow patients will reduce psychological pressure of HIV/AIDS sufferers and help them establish self-confidence so as to live on with optimistic attitude and fight against the disease," Wen said.     The government's "four frees, one care" policy is meant to arouse attention to the AIDS patients and instead of discriminating against them, create an atmosphere that cares about AIDS patients, Wen said.     The Premier also encouraged the volunteers working at the Beijing Home of Red Ribbon to provide more help to the AIDS patients with heart and soul.     In meeting with medical staff and HIV researchers, Premier Wen said that the AIDS is a serious health issue as well as a social issue that the world is facing.     Wen pointed out five measures to prevent and control the disease. Chinese Premier Wen Jiabao (2nd R, rear) and Vice Premier Li Keqiang (3rd R, rear) talk with AIDS patients and medical volunteers, experts at the Beijing Home of Red Ribbon in Ditan Hospital in Beijing, capital of China, Dec. 1, 2009First, beefing up the prevention knowledge spread among the people and improve medical treatment service.     Second, strengthening AIDS/HIV epidemic monitoring work to accurately learn about the situation..     Third, further implementing the "four frees, one care" policy to ensure all HIV carriers and AIDS patients are cared for and respected.     Fourth, enlarging the coverage of social interference concerning the disease.     Fifth, beefing up research work to improve prevention and treatment capabilities.     Chinese President Hu Jintao pledged mobilizing the whole society to improve AIDS/HIV control, when speaking to a gathering of AIDS prevention volunteers on Monday, a day before the 22nd World AIDS Day.

BEIJING, Nov. 2 (Xinhua) -- Stocks on ChiNext, the country's Nasdaq-style board for domestic start-up firms, rode on a roller coaster on the first two trading days: soaring at debut and taking a sudden turn on the second day.     Twenty stocks out of the total 28 fell by the daily limit of 10percent at Monday close, compared with an average of 106.23 percent surge on Friday, the first trading day, driven by a speculative surge for quick profits.     About 252,600 individual investors bought 423 million new shares at ChiNext on Friday, accounting for more than 97 percent of all new shares on the market.     The average price-earnings ratio for the initial public offering prices was at around 55.70 times, and then was pushed up to around 111 times, much higher than 25.98 times and 37.80 times at main boards in Shanghai and Shenzhen bourses respectively.     The bubbly opening led to warnings of risks posed by excessive speculation and inflated stock price.     Jin Yanshi, chief economist with the Sinolink Securities, said the price-earnings ratio was too high driven by the irrational buying spree. He said the frenzy would gradually cool off, and he expected a 30 percent to 50 percent drop of share prices in three to six months.     Analysts said it was typical in China that new shares would face speculation at debut and see large initial gains, followed by a continuous pullback.     China State Construction Engineering Group shares soared more than 60 percent at debut in Shanghai on July 29 from a initial public offering price of 4.18 yuan and ended at 6.53 yuan, up 56.22 percent. On Monday, its close price stood at 4.79 yuan.     It also reminded of the launch of board for small and medium-sized enterprises at Shenzhen Stock Exchange market on June25, 2004, when shares of eight new stocks rose more than 130 percent. The share prices fell by an accumulative 40 percent from the close prices on the first trading day three months later.     China made plans to launch the Nasdaq-style board for trading of start-up shares in 1999 to boost development of small and medium-sized enterprises. The plan was postponed in 2001 when the Internet bubble burst in the United States.     Since 1962, a total of 39 nations or regions have launched 75 such boards for start-up companies to raise funds. However, about half of them ended up closing due to weak market sentiment and regulatory inconsistencies, and 41 markets were operational as of the end of 2007.     The Growth Enterprise Market, kicked in Hong Kong in 1999, was a luck luster as investors were scared away by the plunge in value of technology stocks in 2001. The index fell about 90 percent since then.     By contrast, Nasdaq set up in the United States in 1971 has been a successful one, which attracted giants like Microsoft and Intel, and became the major market for overseas listing of Chinese enterprises. There are currently 116 Chinese companies listed on Nasdaq, including Baidu.     Analysts attributed the main reasons for failure of some markets to blindly lowering threshold of market entry, poor supervision and inactive transaction.     The wild fluctuation challenged the ability of regulators to control volatility in the new bourse and stirred concerns whether it would grow to be a second Nasdaq or the dazzling debut would be the last wild ride.     Shang Fulin, chairman of the China Securities Regulatory Commission said on Oct. 23 that trading on the new board may have a probability of becoming "irrational" than on other bourses.     "Preventing risk is our main task," he said. "We'll make sure risk is estimated, detected and controlled."     The Shenzhen Stock Exchange issued special suspension rules to clamp down on speculation. Trading would be suspended for 30 minutes if share price rises or falls by 20 percent from its debut level. If a stock fluctuates again beyond 50 percent of its opening price, it will be suspended for 30 minutes. The stock can also suspend a stock until three minutes before the close of trading session on a rise or drop above 80 percent.     Zuo Xiaolei, chief economist of the China Galaxy Securities, said the lesson from failure of other markets showed the key to the success of such start-up board was to strengthen supervision while completing rules, which would ward off excessive speculation and rule violations.     The government should develop more policies to attract more firms with great potential growth to make the board bigger and stronger, but threshold for access to the market should not be lowered, analysts said.

BEIJING, Nov. 8 (Xinhua) -- Chinese President Hu Jintao on Sunday called for a "new chapter" of the development of the People's Liberation Army (PLA) air force.     Hu met with representatives of senior officers, role models and pilots of the PLA air force. Chinese President Hu Jintao (L front) meets with heroes of the Chinese Air Force on the occasion of the 60th anniversary of the founding of China Air Force in Beijing, China, Nov. 8, 2009The PLA air force have made huge progress in its own development over the past six decades, with remarkable contributions to the protection of China's sovereignty, safety, territorial integrity as well as to the socialist modernization of the country, Hu said.     China's national defense and the modernization of its army are facing new situations and new tasks, Hu said.     The air force have also entered a key phase of development, Hu said, urging them to develop systematic capabilities for both offensive and defensive operations.     This year marks the 60th founding anniversary of the PLA air force

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