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BEIJING, May 25 (Xinhua) -- Chinese Vice Premier Li Keqiang said Tuesday China must accelerate its transformation of economic growth pattern as the global economy was undergoing structural changes.Li made the remark when he met with members of the International Advisory Council of the China Development Bank (CDB) in Beijing.Li briefed the advisory council members about China's economic situation and its macro-economic policy.He said China had to advance its economic restructuring while continuing the process of reform and opening, to improve people's livelihoods and to enhance the vitality, competitiveness and sustainability of the economy. Chinese Vice Premier Li Keqiang (front L) meets with members of the International Advisory Council of the China Development Bank (CDB) in Beijing May 25, 2010.Li said the world economic recovery was still fragile and faced a great deal of instability and uncertainty. He said the international community should further enhance policy coordination and improve the financial supervision system.The International Advisory Council of the CDB was established in 1999. It consists of notable figures from political, financial and academic circles around the world, including former Australian Prime Minister Paul Keating.The advisory council members were in Beijing for an annual meeting focusing on global economic and financial situation, the international financial crisis and the CDB's role in economic recovery.During the meeting with Li, Keating relayed his appreciation of China's success in maintaining stable and fast paced economic growth and contributing to the recovery of world economy.Keating said over the years, the advisory council members had come to realize that the CDB was a rare and valuable institution. He expressed willingness to further expand links between the CDB and institutions outside of China.

TIANJIN, May 13 (Xinhua) -- Chinese Premier Wen Jiabao Thursday called for deeper cooperation between China and Arab states to create a peaceful international environment for development, fight the financial crisis, safeguard energy security and tackle climate change.Wen made the remarks at the opening ceremony of the fourth Ministerial Meeting of the China-Arab Cooperation Forum held in the north Chinese port city of Tianjin.During the two-day forum, the two sides will discuss upgrading their relationship to a strategic level and release an action plan for a cooperation blueprint in the next two years.COMPLICATIONS OF FINANCIAL CRISIS Chinese Premier Wen Jiabao addresses the opening ceremony of the fourth Ministerial Conference of the China-Arab Cooperation Forum in China's northern port city of Tianjin, on May 13, 2010. Wen warned the complication of the global financial crisis with deepening sovereign debt crisis in some nations."We should never underestimate the seriousness and complication of the financial crisis and its deep impact on international politics and the economy," Wen said.The global economy was slowly recovering, but its foundation was not solid, he said.Wen blamed the fragile recovery on deepening sovereign debt crises in some countries, high unemployment rates in major economies, high commodities prices and rising trade protectionism.The international governing system faced deep reforms and the global economic structure was undergoing deep transformation, he said.Wen said reforms of international economic and financial systems should be pushed forward and the establishment of a new just and reasonable international economic and financial order should be accelerated."(We) should improve the decision-making processes and mechanisms at international financial institutions and boost cooperation in international financial supervision," he said.While calling for opposition to all forms of protectionism, support for free trade, Wen said, "It is imperative to advance the Doha Round talks of the World Trade Organization toward achieving reasonable and balanced results as soon as possible."He urged major economies to transform the economic growth pattern of low savings and high consumption and to strengthen financial supervision to curb excessive speculation.China would unswervingly carry out its mutually beneficial opening strategy and unveil more measures to facilitate trade and investment, he said.COOPERATION IN ENERGY, CLIMATEWen said energy exporters and importers should step up dialogue and contacts and carry out cooperation in energy development.Investment in the energy sector should be encouraged to maintain a basic balance in energy supply and demand and reasonable global energy prices, he said.The international community should work to maintain stability in energy producing countries and curb excessive speculation to maintain order in the international energy markets, he said.Talking about economic and trade with the Arab states, Wen said China was ready to stabilize trade in oil and natural gas with the 22 Arab League nations, while expanding imports of non-oil products.He said, "China at the same time will increase exports of high value-added machinery and electronic products and high-tech products to the Arab countries."Trade between China and Arab states surged to 107.4 billion U.S. dollars last year from 36.4 billion U.S. dollars in 2004.China would continue to encourage businesses to invest in Arab states and welcome investment from Arab states, he said.China was ready to promote cooperation in infrastructure, including power, railways and roads, and to deepen cooperation in oil and gas projects, he said.Efforts should be made to vigorously develop energy-saving technologies and clean and renewable energies to help tackle global climate change.China would reduce emissions of carbon dioxide per unit of gross domestic product by 40 to 45 percent from 2005 levels by 2020.Wen said China and Arab states should increase exchanges by senior officials and consultations on strategic issues, and boost coordination in major international and regional affairs.Wen urged developed countries to shoulder the main responsibility in helping developing nations to maintain financial stability and economic growth to reduce the imbalance of development, the fundamental imbalance of the world economy.China would as always provide aid without conditions to developing countries, he said.China and Arab countries have relations dating back to the Silk Road about 2,000 years ago. China has diplomatic ties with all 22 members of the Arab League.The forum was initiated in January 2004, when Chinese President Hu Jintao visited the Arab League headquarters in Cairo. It has since served as a platform for exchanging views between China and Arab nations and for enhancing mutually beneficial cooperation.

BEIJING, May 21 (Xinhua) -- China's local governments should step up efforts to close 10 million kilowatts of outdated coal-fueled power station capacity this year, Chinese Vice Premier Li Keqiang said Friday.This year is crucial to completing the country's energy saving and emission reduction goals as set out in the Eleventh Five-Year Plan (from 2006 to 2010), Li said in a letter to a national work conference held in Beijing discussing the elimination of backward production capacity.Official figures show China's unit gross domestic product (GDP) energy consumption fell 14.38 percent during the first four years of the Eleventh Five-Year Plan. But efficiency has to improve if the nation is to meet the 20 percent target set for the five-year period."This move is conducive to optimizing the country's power structure, enhancing energy saving and reducing pollution," Li said.

BEIJING, June 1 (Xinhua) -- China Tuesday released details of its green-car subsidy program designed to boost the nation's auto industry and cut vehicle emissions.Through the program, subsidies of up to 60,000 yuan (8,784 U.S. dollars) will be given to buyers of pure electric vehicles in the five cities chosen for the pilot program, the Ministry of Finance said in a statement on its website.Buyers of plug-in hybrid cars will receive up to 50,000 yuan in subsidies.The cities chosen for the pilot program are Shanghai, Changchun, Shenzhen, Hangzhou and Hefei.China is the world's largest auto market.

BEIJING, June 5 (Xinhua) -- He Guoqiang, a Standing Committee member of the Political Bureau of the Communist Party of China (CPC) Central Committee, Saturday left Beijing for visits to Italy, Iceland, Norway, Lithuania and Turkmenistan.He, also head of the Central Commission for Discipline Inspection of the CPC, is making the visit at the invitation of the governments of the five countries.His entourage included officials from the CPC Central Committee's departments of international affairs and discipline inspection, as well as officials from the Ministry of Commerce and Guangdong Province.