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BEIJING, Aug. 22 (Xinhua) -- Chinese President Hu Jintao met with British Prime Minister Gordon Brown here on Friday to exchange views on the Beijing Olympic Games and explore room for further cooperation in Games-related issues and other fields.     Hu extended a warm welcome to Brown, who arrived in Beijing on Friday morning to watch the Games and attend the closing ceremony scheduled for Sunday night, and expressed thanks for the support the British government and people have rendered for the Beijing Games. Full storyChinese President Hu Jintao (R) meets with Australian Governor-General Michael Jeffery in Beijing, China, Aug. 22, 2008. Michael Jeffery is here to attend the closing ceremony of the Beijing Olympic GamesBEIJING, Aug. 22 (Xinhua) -- Chinese President Hu Jintao met with Australian Governor-General Michael Jeffery on the sidelines of the Beijing Olympics Games on Friday to renew the two countries' friendship and seek further cooperation.    As two important countries in the Asia-Pacific region, China and Australia are principal partners for cooperation and share extensive and vital common interests, Hu said. Full storyChinese President Hu Jintao (R) meets with Icelandic President Olafur Ragnar Grimsson, who is here to attend the closing ceremony of the Beijing Olympic Games, in Beijing, China, Aug. 22, 2008BEIJING, Aug. 22 (Xinhua) -- Chinese President Hu Jintao met on Friday with Icelandic President Olafur Ragnar Grimsson on the sidelines of the Beijing Olympic Games to discuss bilateral relations and areas for further cooperation.    China and Iceland have enjoyed traditional friendship and maintained friendly cooperation, said Hu. Such a relationship is a good example of equal treatment and friendly cooperation between countries with different social systems and at different stages of development, he addedChinese President Hu Jintao (3rd L) meets with President of the Commonwealth of Dominica Nicholas Liverpool (2nd R), who is here to attend the closing ceremony of the Beijing Olympic Games, in Beijing, China, Aug. 22, 2008

BEIJING, Oct. 4 (Xinhua) -- The ongoing global financial turbulence will have a limited impact on China's banks and financial system in the short run, according to officials and experts.     "We feel China's financial system and its banks are, to the chaos developed in the U.S. and other parts of the world, relatively shielded from those problems," said senior economist Louis Kuijs at the World Bank Beijing Office.     He told Xinhua one reason was that Chinese banks were less involved in the highly sophisticated financial transactions and products.     "They were lucky not to be so-called developed, because this (financial crisis) is very much a developed market crisis." Farmers harvest rice in 850 farm in Northeast China's Heilongjiang Province on Sept. 26, 2008.    A few Chinese lenders were subject to losses from investing in foreign assets involved in the Wall Street crisis, but the scope and scale were small and the banks had been prepared for possible risks, Liu Fushou, deputy director of the Banking Supervision Department I of the China Banking Regulatory Commission, told China Central Television (CCTV).     Chinese banks had only invested 3.7 percent of their total wealth in overseas assets that were prone to international tumult, CCTV reported. The ratio of provisions to possible losses had exceeded 110 percent at large, state owned listed lenders, 120 percent at joint stock commercial banks and 200 percent at foreign banks.     Kuijs noted most of the banks resided in China where capital control made it more difficult to move money in and out. Besides, the country's large foreign reserves prevented the financial system from a lack of liquidity, which was troubling the strained international markets.     "At times like this, one cannot rule out anything," he said. "But still we believe the economic development and economic fundamentals in China are such that it's not easy to foresee a significant direct impact on the financial system."     However, he expected an impact on China's banks coming via the country's real economy, as exports, investment and plans of companies would be affected by the troubled world economy and in turn increase pressure on bad loans.     Wang Xiaoguang, a Beijing-based macro-economist, said the growing risks on global markets would render a negative effect on China in the short term but provided an opportunity for the country to fuel its growth more on domestic demand than on external needs.     He urged while China, the world's fastest expanding economy, should be more cautious of fully opening up its capital account, the government should continue its market reforms on the domestic financial industry without being intimidated.     Chinese banks had strengthened the management of their investments in overseas liquid assets and taken a more prudent strategy in foreign currency-denominated investment products since the U.S.-born financial crisis broke out, CCTV reported.

BEIJING, July 1 (Xinhua) -- Industries with high energy consumption and emissions are developing too fast in China, along with the quick economic growth, the State Council, or Cabinet, warned on Tuesday.     The traditional industry structure remained unchanged, while the service sector and high-tech manufacturing weighting fell in the national economy, State Councilors heard at a meeting focusing on energy saving and emission reduction, chaired by Premier Wen Jiabao.     Meeting the energy saving and emission reduction targets set in the 11th Five-Year Plan (2006-2010) remained an arduous task, they agreed. Chinese Premier Wen Jiabao (C) presides over a meeting of the members of the State Council's leading group on energy saving and emission reduction in Beijing, July 1, 2008    With performances in conserving energy and reducing pollutant emissions introduced into administrative evaluation, those who fail to meet the goals are to be put under public scrutiny.     Industries with high energy consumption and pollution should be resolutely curbed, and the land use, energy consumption and environment impact assessment should be considered in approving new projects, the State Council warned.     This year should see the closure of small thermal power plants with a generation capacity of 13 million kilowatts. Outdated production capacity in cement, aluminum electrolysis, paper-making, iron and steel industries should be eliminated.     The government will fund key environment protection projects, including the construction of the sewage treatment facility network.     Environment-friendly construction materials should make up more than 80 percent of projects by the end of 2008.     China reported a drop in both sulfur dioxide emissions and carbon oxygen demand, a measure of water pollution, in 2007.     Last year, China saw a 3.27 percent year-on-year drop in energy consumption for each 10,000 yuan of GDP, Premier Wen Jiabao said in his government work report to the First Session of the 11th National People's Congress.     However, the government has admitted the difficulty of hitting the targets to cut China's total energy consumption by about 20 percent and emissions of major pollutants by 10 percent by the year 2010, a goal the government set in 2006.

BEIJING, Sept. 9 (Xinhua) -- "Teaching is the most splendid profession under the sun," said Premier Wen Jiabao on Tuesday, while meeting with elementary and high school teachers at his office in central Beijing, to mark Teachers' Day, which falls on Sept. 10 every year.     Prior to their meeting, Wen showed his visitors around at the former office room of late Premier Zhou Enlai, in the Zhongnanhai compound, where both the Communist Party of China (CPC) Central Committee and the State Council are headquartered. Chinese Premier Wen Jiabao (Front) shows teachers around the Zhongnanhai compound, where both the Central Committee of the Communist Party of China and China's State Council (Cabinet) are headquartered, in central Beijing, China, Sept. 9, 2008. Wen Jiabao on Tuesday invited eight elementary and high school teachers to his office to jointly celebrate the Teachers' Day, which falls on Sept. 10As a beloved State and Party leader for the Chinese people, Zhou has been a banner for all with his lofty character and style, said the premier, who is also a member of the Standing Committee of the CPC Central Committee Political Bureau.     During their talks, the premier asked the guests to give their comments on the proposed long-term outline on the country's educational reform and development.     Tan Guoqiang, principal of the Yingxiu Elementary School in Wenchuan County of Sichuan Province, urged the government to deal with the issues of payment, academic titles and housing for rural teachers.     Wen told Tan that the government will give top priority to rural education and improve the teaching conditions in the countryside by "building schools in the safest places." Chinese Premier Wen Jiabao (C Front) and State Councilor Liu Yandong (1st R Front) pose for a group photo with teachers in the Zhongnanhai compound, where both the Central Committee of the Communist Party of China and China's State Council (Cabinet) are headquartered, in central Beijing, China, Sept. 9, 2008Wenchuan was the epicenter of the deadly May 12 earthquake, which left more than 80,000 dead or missing and millions of homeless, including thousands of young students who died in collapsed school buildings.     Tan is the only one among the eight visitors to come from outside Beijing. The other seven also gave their opinions on a series of issues including the current educational reform, and professional training, compulsory education for schoolchildren of migrant workers from rural areas.     In his speech, the premier urged entrepreneurs to contribute more to the educational sector. "For entrepreneurs, the best way to pay back society is to invest in education," he said, in reply to a proposal by Liu Pengzhi, president of a local high school, who called for multiplying the resources of investment for education. Chinese Premier Wen Jiabao (C Rear) and State Councilor Liu Yandong (2nd R Rear) meet with teachers in Beijing, China, Sept. 9, 2008Wen supported Zhong Zhu, a 33-year old teacher from the No. 35 Middle School of Beijing, in his call for establishing parental schools and increasing awareness about responsibilities, rights and psychological health among students. He urged teachers to love students, students to respect teachers, and society to give priority to education.     "Set students free, and not only allow them more hours to play, as well as give them more time to conduct sporting, thinking, practicing, and understanding society," said the premier.     In his keynote address, Wen called education a "foundation stone" for the nation. China will be built into a first-class country with a first-class education system and first-class talents, he stressed.     Teachers should be far-sighted, patriotic and faithful to their profession, said the premier. He urged teachers to set a good example for students, be more creative so that they can train more creative talents, and make greater efforts to obtain new knowledge to keep pace with the times.     At the end of his speech, Wen showed his profound gratefulness, love and respect for teachers, especially those working in remote, rural and poverty-stricken areas.     After the talks, Wen had a brief lunch with his visitors

JEDDAH, Saudi Arabia, June 22 (Xinhua) -- China will stick to the a sustainable energy strategy and make active contributions to the sustainable energy development and energy security in the world, Chinese Vice President Xi Jinping said on Sunday.     China will put emphasis on both energy exploitation and conservation with priority given to economizing on energy consumption, Xi said at the ongoing International Energy Conference held in the western Saudi port city of Jeddah. Chinese Vice President Xi Jinping addresses the the international energy meeting held in Jeddah, Aaudi Arabia on SundayChina has drafted a plan to reduce the energy consumption in per unit gross domestic product by about 20 percent by 2010 from the 2005 level, Xi said.     "We'll take all possible measures to achieve the goal," he told the one-day meeting.     China will try to meet the demands for economic growth and the improvement of people's life by increasing domestic energy supply, Xi said.     China still has great potential for domestic energy supply, as the country has abundant reserves in coal, the major source for its energy. Its rich hydroelectric resources, plus other new energies such as nuclear energy, wind energy, are yet to be fully exploited, he added.     China will pursue diversified development of energy supplies, Xi said.     Various energy forms such as coal, oil and gas, hydroelectricity, wind electricity and solar energy will supplement each other to secure a stable energy supply, he said.     Technological progress and innovation in the energy field will be encouraged in China, said the vice president.     China will enhance its ability of innovation, break through the bottlenecks of energy technology and seek new ways to exploit energy resources, he said.     China will strive to build a resource-conserving and environment-friendly society by ensuring the coordinated development of energy production and environmental protection, he said.     China will also adhere to the principle of mutual benefit in the energy field and strengthen cooperation with energy producing and consuming nations, he added.