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TORONTO, June 28 (Xinhua) -- Chinese President Hu Jintao's visit to Canada and his attendance at the Toronto G20 summit from June 23 to June 27 have successfully strengthened mutual trust and expanded cooperation, accompanying Chinese Foreign Minister Yang Jiechi said on Monday.President Hu conducted busy diplomatic activities by attending over 30 bilateral and multilateral events over the past few days, Yang said.During his visit to Canada, Hu, viewing development of China-Canada ties from a long-term perspective, worked with different parties in an extensive, thorough and meticulous way, and profoundly explained China's important views on boosting China-Canada pragmatic cooperation in various fields and advancing development of the bilateral strategic partnership.During the G20 summit, Hu, from a strategic height, comprehensively introduced China's stances on how to promote the all-round recovery of the global economy and guide the transformation of the G20, and helped the summit in yielding positive results in strengthening the macro-economic policy coordination between different countries, fully implementing the consensus of the previous three G20 summits and enhancing mechanism building of the G20.President Hu's visit and attendance are far-sighted, pragmatic, effective and fruitful, and have achieved complete successes, Yang said.During his visit to Canada, Hu, in spirit of "strengthening dialogue, boosting mutual trust, expanding cooperation and creating a better future", exchanged views extensively with the Canadian leaders and people from all walks of life, clarified strategically the importance and urgency of developing China-Canada ties in the new situation, and emphasized that both sides should stick to the correct direction of bilateral ties and make joint efforts to comprehensively push forward the China-Canada strategic partnership.Pragmatic cooperation in various fields serves the foundation for China-Canada ties. President Hu delivered a speech on the promotion of the all-round development of the China-Canada strategic partnership.Hu brought forward five proposals for boosting China-Canada trade and economic cooperation, which were positively responded by the Canadian side.Both the Chinese and Canadian leaders agreed to strive to increase bilateral trade to 60 billion U.S. dollars in 2015.Moreover, the two governments and the two countries' companies signed 10 cooperation documents on trade and economy, tourism, quality-inspection, law-enforcement, and energy and minerals.Cultural and person-to-person exchanges are of great significance to strengthening the public foundation for China-Canada ties. Hu announced that China would establish a China Cultural Center in Canada and invite 100 local Canadian educational officers and headmasters of primary and middle schools to visit China this year and another 100 Canadian middle school students to attend a summer camp in China next year.Various circles and public opinions in Canada responded positively to Hu's visit. They said they believed the trip had played an important role in promoting Canada-China relations, according to Yang.During the G20 summit, President Hu delivered an important speech entitled "Work in unity for the future," comprehensively introduced China's view on the current world economy, appealed to all parties to continue to carry forward the coordination spirit, and push the world economy into a new stage of vigorous, sustainable and balanced growth as early as possible.Hu presented a three-point proposal for this aim.First, all countries need to turn the G20 from an effective mechanism for tackling the global financial crisis to a major platform for promoting international economic cooperation.Secondly, efforts should be made to accelerate the establishment of a new international financial order that is fair, equitable, inclusive and well-managed.And last, all countries should promote the building of an open and free global trade system."The complex world economic situation makes it necessary for the G20 to play a guiding role. We need to take a longer-term perspective and shift the focus of the G20 from coordinating stimulus measures to coordinating growth, from addressing short-term contingencies to promoting long-term governance and from passive response to proactive planning," Hu said.These views were widely agreed and responded by leaders of countries participating in the summit.Hu said efforts should be made to keep the organic unity of the vigorous, sustainable and balanced growth.A vigorous growth is the foundation of the world economy, a sustainable growth is the aim, while a balanced growth is the means, he said.President Hu's speech was widely believed by leaders attending the summit as objective, balanced, profound, sharp-sighted, and to the point, giving out a right direction for development of the world economy.On the sidelines of the summit, President Hu also met respectively his U.S., Russian, Indonesian, South Korean counterparts Barack Obama, Dmitry Medvedev, Susilo Bambang Yudhoyono and Lee Myung-bak, and British and Japanese prime ministers David Cameron and Naoto Kan. They exchanged in-depth views on further boosting political mutual trust, bilateral ties, pragmatic and mutually beneficial cooperation, and the healthy and stable development of the G20. The meetings have vigorously pushed forward China's ties with the countries.Yang said President Hu's visit to Canada and attendance of the G20 summit had lifted the China-Canada strategic partnership, boosted the G20's healthy development and the world economy's full-scale recovery.China is willing to further deepen China-Canada ties, and make joint efforts with other G20 members in building a better future for the world economy, said the foreign minister.

BEIJING, July 26 (Xinhua) -- China's centrally administered state-owned enterprises (SOEs) jointly donated over 1.42 billion yuan (212.53 million U.S. dollars) for charitable work during the first half of 2010, the state assets watchdog said Monday.The money came from 107 of the 125 central SOEs which are overseen by China's State Assets Supervision and Administration Commission (SASAC), according to a statement posted on the SASAC's website.Some 53.63 percent of the donated funds went to disaster-hit areas, including China's southwest provinces, which were hit by a once-in-a-century drought earlier this year, and Yushu Prefecture of Qinghai Province, where a devastating earthquake struck in April.China's largest coal producer, Shenhua Group, and two oil giants, PetroChina Co. and China National Offshore Oil Corp., ranked top three in the list of the most generous donors, with their donation accounting for 36.78 percent of the total.

BEIJING, June 25 (Xinhua) -- Since the first Group of 20 (G20) Summit in November 2008, the attention China has been getting has shifted from that of a turn-round-to, to that of a look-up-to, analysts said.Two years ago, almost all developed economies turned round to look at what actions China took to cope with the financial crisis. Now in the midst of a uneven global recovery, China has become one being looked up to by developing and developed economies for its leading if not exemplary roles.As the curtain is about to rise at the upcoming fourth G20 summit in Toronto, Canada, China and the crucial roles she is playing once again draws the world's attention.A STEADY STABILIZER IN GLOBAL DEVELOPMENTPrior to the first G20 summit, China has since been managing to sustain a rather fast growth rate while taking an active part in orchestrating with other economies, developed and developing alike, to push for a global recovery through reformed and renewed financial and economic mechanisms.Despite the fact it is still a developing country itself, China alone has contributed toward half of the global GNP growth in the time of crises.Amidst downslides of the United States, eurozone and Japan, China not only curbed the domino ripple in the country with a bolder-than-predicted stimulus package but also succeeded in effecting a lead in the recovery.It is its early lead off the blocks that is now being more than looked at by others.Canadian Prime Minister Stephen Harper, soon to host the fourth G20 Summit, has described what China has done as a contribution to the global recovery and a great assistance to the international community in its crisis management.Takashi Sekiyama, a senior researcher from Japan's Meiji University and with the Tokyo Consortium, has rated China's contribution to the global economic development during this hard period as the "biggest."

BEIJING, June 19 (Xinhua) -- The People's Bank of China, China's central bank, has decided to proceed further with the reform of the Renminbi exchange rate regime to enhance the RMB exchange rate flexibility, a spokesperson of the central bank said Saturday.The decision was made in view of the recent economic situation and financial market developments at home and abroad, and the balance of payments (BOP) situation in China, the spokesperson said in a statement.In further proceeding with the reform, continued emphasis would be placed to reflecting market supply and demand with reference to a basket of currencies. The exchange rate floating bands will remain the same as previously announced in the inter-bank foreign exchange market, the spokesman said.The spokesperson said China's external trade is becoming more balanced. The ratio of current account surplus to GDP, after a notable reduction in 2009, has been declining since the beginning of 2010."With the BOP account moving closer to equilibrium, the basis for large-scale appreciation of the RMB exchange rate does not exist," the spokesperson said.The PBOC will further enable market to play a fundamental role in resource allocation, promote a more balanced BOP account, maintain the RMB exchange rate basically stable at an adaptive and equilibrium level, and achieve the macroeconomic and financial stability in China, the spokesperson said.China has moved into a managed floating exchange rate regime based on market supply and demand with reference of a basket of currencies since July 1, 2005.The spokesperson said the reform of the RMB exchange rate regime has been making steady progress since 2005, producing the anticipated results and playing a positive role.With the current round of international financial crisis was at its worst, the exchange rate of a number of sovereign currencies to the U.S. dollar depreciated by varying margins."The stability of the RMB exchange rate has played an important role in mitigating the crisis' impact, contributing significantly to Asian and global recovery, and demonstrating China's efforts in promoting global rebalancing," the spokesperson said.The gradual recovery of the global economy and upturn of the Chinese economy has become more solid with enhanced economic stability. It is desirable to proceed further with reform of the RMB exchange rate regime and increase the RMB exchange rate flexibility, said the spokesperson.

NANJING, July 28 (Xinhua) -- A powerful explosion at a factory in eastern China's Nanjing City Wednesday has left at least 10 people dead and hundreds injured, including 14 critically, the city government said.Officials of the government of Nanjing, capital of Jiangsu Province, told a press conference Wednesday evening that 10 people were killed and 14 others suffered serious injuries after the blast at 10:11 a.m. ripped through an abandoned plastics factory in northern Nanjing's Xixia District.Further, more than 120 people have been hospitalized, according to the official.The death toll, which is based on the number of bodies so far recovered, could climb as rescuers are still clearing the explosion site and some injured people are reported to be in very critical condition.The blast was caused by a gas leak after a propylene pipeline was damaged as workers dismantled factory buildings of the Nanjing No. 4 Plastics Factory, said a statement from the State Administration of Work Safety (SAWS).The rescue headquarters say an excavator owned by Yangzhou Hongyuan Construction and Development Co., Ltd. hit a a pipe of 159 mm in diameter.The gas leak started at 9:56 a.m. and explosion occurred at 10:11 a.m.Gas supply was cut off a minute later, said Liu Zhaohua, deputy head of Nanjin's work safety bureau.The excavator operator, whose identity was not revealed, has been held by police for investigation.The explosion occurred when a motorist started a car engine at the scene, igniting the leaking gas, the SAWS statement said, without saying if the motorist was among the victims.Some rescuers and repairmen who had come to handle the gas leak may have died in the explosion, the headquarters said.