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BEIJING, Jan. 18 (Xinhua) -- China will continue rare earth export and regulate export quotas according to World Trade Organization rules, said the Ministry of Commerce on Tuesday.China announced its first batch of 2011 rare earth export quotas at 14,446 tonnes at the end of 2010.The full-year quotas are under discussion and will be announced timely, said Yao Jian, a spokesman with the ministry, at a news briefing here.The country exported 35,000 tonnes of rare earth from January to November in 2010, up 14.5 percent from a year earlier. Exports to Japan, the European Union and the United States accounted for 86 percent of the total exports, said Yao.He said that it is normal that rare earth prices fluctuate with demand and supply and China acted responsibly last year to ensure basic demand for the minerals was met.China has noticed that other countries, such as the U.S. and Australia, have increased exploitation of rare earth in their own countries. "This will effectively safeguard the global supply," said Yao.With around 36 percent of the world's rare earth reserves, China supplies 90 percent of global demand.

SEOUL, Nov. 12 (Xinhua) -- Chinese President Hu Jintao and leaders of other Group of 20 (G20) members gathered here Friday to address the challenges to the ongoing global economic recovery and work out strategies to achieve strong, sustainable and balanced global growth.President Hu, who participated in the G20 summits in Washington in 2008, in London and Pittsburgh in 2009, and in Toronto last June, is expected to expound China's stand on the major issues to be discussed at the fifth meeting in the South Korean capital, according to Chinese officials.At the Seoul summit, the leaders will discuss the world economic situation, the "Framework for Strong, Sustainable and Balanced global growth," the reform of global financial institutions, the strengthening of financial regulations, a global financial safety net and development issues.Chinese President Hu Jintao attends the inauguration of the Group of 20 (G20) Summit in Seoul, capital of South Korea, Nov. 12, 2010."The G20 summit to be held in Seoul, South Korea, is the first one of its kind to be held in an emerging economy and in Asia, hence it is of great significance to the development of the G20 mechanism," President Hu said in a written interview with South Korean media last Tuesday.Hu said the Seoul summit should focus on the following issues:-- To continue to strengthen coordination of macro-economic policies using an "in-the-same-boat" spirit and mutually beneficial and win-win principles, and to send to the market positive signals that G20 members were unified in tackling the great challenges of the world economy so market confidence could rally and the momentum of the world economic recovery would be secured.-- To push forward the reforms of the international financial system, to strengthen supervision of the international financial market, and to increase the say and the representation of emerging and developing countries in international financial institutions.-- To push forward a solution to the unbalanced development between developed and developing countries and to provide political support to the realization of UN Millennium Development Goals.-- To oppose trade protectionism and to push forward the Doha Round of World Trade Organization talks to achieve comprehensive and balanced results and its development goals.The previous four G20 summits formulated measures to deal with the international financial crisis. The summits have played an important role in returning the world economy to growth, stabilizing international financial markets and ensuring the confidence of the public and business.When they met last June in Toronto, the G20 leaders agreed on the importance of safeguarding and strengthening the recovery while laying the foundation for strong, sustainable and balanced growth, and strengthening the financial systems.At the Seoul Summit, according to the host South Korea, the G20 will build on past agreements, while introducing new agenda items that support the same fundamental goals.The G20 was established in 1999 to bring together strategically important industrialized and developing economies to discuss key issues in the global economy.It includes Argentina, Australia, Brazil, Britain, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the United States, and the European Union (EU).Together, G20 members represent around 90 percent of global gross national product, 80 percent of world trade (including EU intra-trade) and two-thirds of the world's population.

BEIJING, Nov. 28 (Xinhua) -- Chinese State Councilor Dai Bingguo said on Sunday that China and the United States should help ease the tensions on the Korean Peninsula and facilitate dialogues.In a phone conversation with U.S. Secretary of State Hillary Clinton about the recent development on the Korean Peninsula, Dai said that China is deeply concerned with the dynamics in the area.Beijing holds that the immediate priority is to try to calm the current situation and reject any move that might escalate the tensions, he added.At the critical moment, Dai said, China and the United States should actively play a constructive role and take concerted efforts to mitigate the situation as soon as possible and safeguard peace and stability of the Korean Peninsula.The starting point of all Chinese efforts is to maintain the peninsula's peace and stability, he said, adding that all relevant parties should make joint efforts to secure an early resumption of negotiations and seek solutions via dialogues.Clinton, for her part, said that Washington and Beijing share common interests in maintaining the Korean Peninsula's stability and that cooperation is of pivotal significance.The United States is willing to work together with China to keep peace and stability of the Korean Peninsula, she added.The two sides also agreed to maintain close contact on the issue.An exchange of artillery fire between the Democratic People's Republic of Korea and South Korea last week killed four people, and aroused the concerns of the international community.

GUANGZHOU, Dec. 24 (Xinhua) -- A fishing boat with at least 13 crew aboard has been missing for a week in waters off the coast of south China's Guangdong Province, authorities said Friday.The boat, registered in Yangxi County, Yangjiang City, was unable to be located at its anchoring spot in Dongping Port at 3 a.m. on Dec. 16, when other boats in the port that were taking shelter from strong winds received the boat's distress call, Yangxi County marine affairs officials said.Winds of up to 72 kilometers per hour started blowing on Dec. 15, whipping up five- to six-meter-high waves, the official said.The family of the boat's owner, Feng Zixing, reported the boat missing on Dec. 17, after private searches failed to find the boat or its crew.Feng and most of the missing crew are from the county's Lanpao Village.A search for the boat had found nothing by 7 p.m. Friday.The 28-meter-long, 5-meter-wide boat was built with steel in 2001. It was equipped with radar and walkie-talkies.