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WASHINGTON, April 12 (Xinhua) -- Chinese President Hu Jintao said Monday that China would firmly stick to the path of reforming its currency exchange rate formation mechanism based on its own economic and social development needs.Hu said detailed measures for reform should be considered in the context of the world's economic situation, its development and changes, as well as China's economic conditions."RMB appreciation would neither balance Sino-U.S. trade nor solve the unemployment problem in the United States," Hu told U.S. President Barack Obama.Chinese President Hu Jintao (L) meets with U.S. President Barack Obama in Washington April 12, 2010. President Hu Jintao arrived in Washington on Monday to attend the Nuclear Security Summit slated for April 12-13.The Chinese leader said his country does not intend to pursue a trade surplus over the United States.China would like to take additional measures to increase imports from the United States, Hu said, urging the United States to loosen its export control over high-tech products so that exports to China could be increased.He expressed the hope that trade frictions between the two countries can be solved through negotiations so that Sino-U.S. economic and trade cooperation can be maintained.President Hu also said the advancement of Sino-U.S. economic and trade ties, an important part of the two countries' relations, would benefit not only China, but also the United States, as well as the world's economic development.
SHANGHAI, June 5 (Xinhua) -- Cities should facilitate interaction and provide spaces so people can bond, says Chui Huili, director of the Taiwan Pavilion at the Shanghai World Expo.The Taiwan Pavilion, a transparent cube with a huge globe suspended in its center, consists of three layers: a dome-screen cinema showcasing scenes from Taiwan, a platform to "fly lanterns" -- a traditional way to pray for luck, and a huge tree made of bamboo, providing shade for people to sit, chat, taste Kung Fu tea and listen to folk music."Though the Taiwan Pavilion is relatively small, what makes us stand out is that the whole trip is accompanied by guides and we allow in only 40 visitors at most each time, making it possible for each visitor to enjoy their time and space the fullest, in the 20-minute tour," Chiu says.The pavilion, 650 meters wide and about 24 meters high, is mainly made of steel and glass, with the outlines of the island's iconic mountains painted on the facade and water from Taiwan's Sun Moon Lake forming a pool, Chiu says.An elevator first takes you to the third floor for a dome-screen film showcasing tourist attractions in Taiwan including Sun Moon Lake, Ali Mountain and Jade Mountain. Chiu calls it their "future cinema" as spectators could watch three-dimensional images without wearing 3D glasses and get the feeling they were walking in a film.The second floor provides a multimedia lantern-flying ceremony for at most 40 visitors. They can select "wishes" through touching screens and trigger off LED lanterns that light up the center globe. The wishes favored by visitors include "love and peace," "best wishes come true" and "happiness and health."Spiraling down the pavilion, you come to the last stop: a huge banyan tree made of bamboo knitted together. There a Taiwan artist will play the guqin, a traditional musical instrument, while visitors sit chatting and sip Kung Fu tea."The third floor represents technology. The second floor is about cities' application of technology or the connection between technology and cities. But all these should serve the most important things in cities: people's hearts," Chiu says.Chiu believes cities should facilitate interaction between people. "Most villagers keep a big tree in front of their houses in traditional rural Taiwan, providing places for villagers to drink tea, chat and sing or listen to folk songs," Chiu says."Similar places are necessary in cities to bond people together," he says.Zhao Qiang, a visitor from Kaifeng in Henan Province, says, "I felt like I was really walking through Taiwan's sceneries in the dome-screen film ... It was terrific. I will definitely take my family to go sight-seeing in Taiwan after the visit."Zeng Heng, a visitor from Taiwan, queued for almost three hours before entering the Taiwan Pavilion. "The Taiwan Pavilion is small and the most exquisite of all 12 pavilions I've visited. The sky lantern allows visitors to interact with the culture," Zeng says.Chiu believes the Taiwan Pavilion can boost tourism in Taiwan and serve as a remarkable platform for cross-Strait peoples to understand each other better through interaction and exchanges.The Shanghai Expo, opening on May 1, had received 10 million visitors as of midday Saturday, the event's organizers said.

BEIJING, April 18 (Xinhua) -- Chinese President Hu Jintao on Sunday promised orphan students in the quake-hit Yushu new homes and schools while rescuers continue to battle altitude sickness in search of survivors."There will be new homes! There will be new schools!" the president, who arrived in Yushu to inspect relief work one day after returning from a shortened overseas visit, wrote in chalk on the blackboard of a makeshift classroom.The 7.1-magnitude quake which struck the Tibetan Autonomous Prefecture of Yushu Wednesday morning has left at least 1,706 dead, 256 missing and 12,128 injured, as of 10 a.m. Sunday.A woman collects her belongs in Gyegu Town, the quake-hit Tibetan Autonomous Prefecture of Yushu, in northwest China's Qinghai Province, April 17, 2010. The 7.1-magnitude earthquake that struck Yushu of Qinghai Province, left 1,484 dead and 312 still missing, and about 100,000 people were relocated."The top priority is to rescue those still buried alive and treat those injured. Each life must be cherished," Hu said.By Sunday morning, rescuers in the quake-hit Yushu Prefecture in northwest China's Qinghai Province had saved 17,000 lives after Wednesday's 7.1-magnitude earthquake.More than 15,000 rescuers - including over 11,000 People's Liberation Army troops and armed police, 2,800 firefighters and special police forces, and 1,500 earthquake and mine accident rescue specialists - are still searching for quake survivors in Yushu.Most quake-affected people in Yushu have settled in tents and have been provided with food, clean water and other basic needs, Zou Ming, director of disaster relief department under the Ministry of Civil Affairs said at a press conference held Sunday.Some 25,000 tents, 52,000 quilts, 16,000 cotton-padded coats and 850 tonnes of instant food and drinking water have arrived in the quake zone. Another 18,950 cotton-padded tents are on the way.
BEIJING, May 15 -- China is planning to raise the proportion of profits it collects from major State-owned enterprises (SOEs) in a move to balance income distribution, but analysts said the move should be bolder and the collected profits used to improve public well-being.The Ministry of Finance said on Tuesday that it might raise the ratio of profits of SOEs to be submitted to the State coffers.According to existing rules, monopoly enterprises under the administration of the central government in sectors like tobacco, oil, petrochemicals, power, telecommunications and coal mining should submit 10 percent of their post-tax profits, while the ratio for those in the iron and steel, transportation, electronics and trade sectors should be 5 percent.Financial corporations and companies in sectors like railways, transportation, education, culture, science and technology and agriculture are not included in the profit submission framework.The Ministry of Finance did not reveal by how much the ratio would be raised."It should be raised properly, and even if it were raised by 10 percentage points, it doesn't matter too much for those central enterprises, given their high profit level," said Zhang Wenkui, researcher with the State Council's Development Research Center.Central enterprises have been criticized by the public for having taken advantage of their monopoly or market predominance to make excessive profits. Some of them have further fueled public anger as they bid to purchase land at high prices, which is believed to have pushed up home prices.The central government collected profits of 14 billion yuan ( billion), 44.4 billion yuan and 98.9 billion yuan respectively in 2007, 2008 and last year from SOEs. In 2009 alone, however, the enterprises made profits totaling 965.6 billion yuan.
SHANGHAI, May 1 (Xinhua) -- The Shanghai World Expo formally opened its door to the highly avid public Saturday morning after years of planning and preparation.Top Chinese political advisor Jia Qinglin and International Exhibitions Bureau President Jean-Pierre Lafon activated the opening device together at a commencement ceremony.The Expo, carrying a theme of "Better City, Better Life", reflects the crystallization of wisdom about urban construction and vision of a better future life, Jia, chairman of the National Committee of the Chinese People's Political Consultative Conference, said while addressing the ceremony.The opening ceremony of the site of World Expo 2010 is held in Shanghai on May 1, 2010. In his speech, Jia expressed gratitude to all participants, the BIE and those who toiled for the preparation for the grand event.In the Expo, visitors could enjoy pavilions with original design, explore scientific and technological progress, enjoy various cultural events, and take part in symposiums to fully experience the mankind's pursue for development of civilization, he said.
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