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TORONTO, Canada, June 27 (Xinhua) -- Chinese President Hu Jintao and other leaders of the Group of Twenty (G20) members gathered in Toronto on Sunday for the group's fourth summit, which will focus on ways to secure the world economic recovery and address the economic challenges and risks.At the summit, the leaders will exchange views on ways to consolidate the recovery from the global economic and financial crisis and implement commitments from previous G20 summits while laying the foundation for sustainable and balanced growth.They will discuss a wide range of issues, including the world economic situation, the European debt crisis, "the Framework for Strong, Sustainable and Balanced Growth," the reform of the international financial institutions, the global trade and the strengthening of financial regulations, said a senior Chinese official.At the Pittsburgh summit, leaders of G20 members agreed to take action to address imbalances in the global economy by launching the Framework for Strong, Sustainable and Balanced Growth. The framework committed G20 members to evaluating their national policies to ensure they are collectively consistent with more sustainable and balanced trajectories of growth.President Hu is expected to deliver a speech at the summit to explain China's propositions on the world's major economic and financial issues, such as financial reforms and balanced economic growth, said Chinese officials.The Chinese president has participated in all the previous G20 summits -- the Washington summit in November 2008, the London summit in April 2009 and the Pittsburgh summit last September.The Toronto summit is being held at a time when the world economy is recovering but economic challenges and risks remain, posing threats to healthy growth."The global economy continues to recover faster than anticipated, although at an uneven pace across countries and regions. However, the recent volatility in financial markets reminds us that significant challenges remain and underscores the importance of international cooperation," said G20 finance ministers and central bank governors in a communique when they met in Busan, the Republic of Korea, early this month to prepare for the Toronto summit.At the previous three summits, leaders of G20 members coordinated a global response to the financial and economic crisis, implemented stimulus measures to revive the world economy, and agreed on actions to strengthen financial regulation and the reform of international financial institutions. They also agreed to promote trade and resist protectionism.

BEIJING, June 22 (Xinhua) -- Chinese Vice Premier Li Keqiang has said the transformation of the country's economic growth pattern is a significant change for the country that needs "new ideas and innovative approaches.""The transformation of the economic growth pattern is a comprehensive and profound change, and it involves new ideas and innovative approaches. We must accelerate reform and opening-up in order to achieve it," Li said at a meeting of the Chinese People's Political Consultative Conference (CPPCC) to solicit proposals for the country's 12th five-year (2011-2015) plan.Li, also a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, said that the transformation is essential for the sustainable development of the country's economy."Currently, the country's economic development is at a new starting point. In the new situation, we must seize opportunities and walk forward against various difficulties to consolidate the good momentum for economic recovery..." he said.The four-day meeting, starting Tuesday, was presided over by the country's top political advisor, Jia Qinglin.Jia urged all CPPCC members to contribute to the making of the five-year plan with valuable proposals on key issues.

TASHKENT, June 9 (Xinhua) -- Chinese President Hu Jintao on Wednesday pledged efforts to enhance cooperation with Uzbekistan when meeting here with his Uzbek counterpart Islam Karimov.The two leaders also exchanged views on prospects of bilateral ties and on international and regional issues of common concern.Hu hailed the development of Sino-Uzbek ties since the two countries announced the establishment of friendly and cooperative partnership in 2004.China highly appreciates Uzbekistan's continued and firm support in issues concerning China's core interests, said Hu. China respects the independence and sovereignty of Uzbekistan, and will as always back its efforts in safeguarding stability, developing its economy and improving people's livelihoods, Hu added.Chinese President Hu Jintao (L) meets with Uzbekistan's President Islam Karimov in Tashkent, June 9, 2010. Hu noted that China has always attached great importance to developing Sino-Uzbek relations and has taken as guiding principles long-term friendship, mutual respect, mutual trust, and equality and mutual benefit.China will not alter its stance despite changes in international and regional situations, Hu said.The Chinese leader meanwhile put forward a six-point proposal for enhancing the friendly and cooperative partnership with Uzbekistan.He said that, first of all, the two countries should maintain high-level contacts to boost mutual understanding, including exchanges between heads of state, between parliaments, governments and political parties.Secondly, China and Uzbekistan should enhance energy cooperation. Both sides should well implement the Uzbekistan-China natural gas pipeline project, boost cooperation in oil and gas exploration and development, and speed up cooperation in minerals, Hu said.Thirdly, the two countries should expand cooperation in new sectors, particularly in high technology and new technology, and work to establish a long-term trading partnership, Hu said.Fourthly, the two countries should deepen security cooperation and take severe measures against the "three evil forces" of terrorism, separatism and extremism. Law enforcement and security departments in both countries should continue to boost two-way cooperation as well as cooperation in the framework of the Shanghai Cooperation Organization (SCO) to safeguard peace, stability and security of the two countries and of the region, Hu said.Fifthly, the two countries should also strengthen people-to-people and cultural exchanges to consolidate the foundation for friendship, said Hu, who welcomed more Uzbek students to study in China.Sixthly, Hu urged both sides to intensify multilateral coordination so as to safeguard the two countries' common interests.The Chinese president spoke highly of Uzbekistan's efforts in deepening cooperation among SCO member countries, enhancing the internal construction of the organization and boosting the organization's international status during its SCO presidency.For his part, Karimov hailed Hu's visit on the eve of an annual SCO summit as an important event in Uzbekistan-China relations and a milestone in the development of the friendly and cooperative partnership between the two countries.

BEIJING, Aug. 4 (Xinhuanet) -- Rising domestic iron ore production and slowing steel demand have hit some foreign miners and affected the global market, industry leaders said on Tuesday.China's iron ore imports dropped for the third straight month to 47.2 million tons in June, while spot prices have dropped to about 2 per ton after peaking at 5 per ton in April.The country's iron ore imports rose 4 percent year-on-year in the first half of this year, figures from the China Iron & Steel Association (CISA) showed. But domestic ore output increased by 28 percent year-on-year to 485 million tons in the same period, with output rising 37.6 percent in the second quarter from the first quarter."Rising domestic ore production is the main factor that drove down imports, largely impacting supply and demand on the global market," CISA vice-chairman Luo Bingsheng said.The figures form part of the bad news for international mining companies in Australia and Brazil that provide more than half of the ores to China.Iron ore imports from Australia, Brazil and India accounted for 62.3 percent of the country's total ore consumption last year.Brazilian company Vale already predicted in June that the share of imported ores in China would drop this year.About 40 percent of Chinese steel mills have to make cutbacks or put plants on maintenance, blaming increasing costs of imported ores and declining steel prices. Oversupply in the industry will continue to lower production, further driving down ore imports in the third quarter, Luo said.The CISA will also reduce the number of licensed iron ore importers to regulate the imported ore market."We will announce new rules for the industry soon, which include higher standards on the environment, energy consumption and capital requirement," Luo said.

来源：资阳报