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ROME, July 5 (Xinhua) -- Chinese President Hu Jintao arrived here Sunday for a state visit, and he will attend the outreach session of the Group of Eight (G8) summit scheduled for Thursday in the central Italian city of L'aquila.     In a statement released upon his arrival at the Fiumicino Airport in Rome, Hu said he is very glad to come to this beautiful country for a state visit at the invitation of Italian President Giorgio Napolitano. Chinese President Hu Jintao (C) is welcomed by an Italian official upon his arrival at Rome, Italy, July 5, 2009. Hu started a state visit to Italy on Sunday. Hu will also attend the outreach session of the Group of Eight (G8) summit scheduled for July 9th in the central Italian city of L'Aquila."I believe that under joint effort of both sides, this visit will be a total success and help advance the all-round strategic partnership between China and Italy to a new stage," Hu said in the statement.     Noting both China and Italy are countries with a long history of civilization, Hu said the two peoples enjoy a long-standing friendship.     "China places great importance on expanding relations with Italy," Hu said, adding China is ready to join effort with Italy to bring in an even brighter future of bilateral relations. Chinese President Hu Jintao is greeted by a girl upon his arrival at Rome, Italy, July 5, 2009. Hu started a state visit to Italy on Sunday. Hu will also attend the outreach session of the Group of Eight (G8) summit scheduled for July 9th in the central Italian city of L'Aquila.In Rome, President Hu will meet President Napolitano, Prime Minister Silvio Berlusconi and other Italian leaders to discuss the development of bilateral cooperation.     In recent years, the all-round strategic partnership between China and Italy has witnessed continuous development as political mutual trust has become deeper and deeper, and cooperation and exchanges in various fields have expanded rapidly. Chinese President Hu Jintao (L, front) waves upon his arrival at Rome, Italy, July 5, 2009. Hu started a state visit to Italy on Sunday. Hu will also attend the outreach session of the Group of Eight (G8) summit scheduled for July 9th in the central Italian city of L'AquilaThe two countries have maintained close coordination on world affairs and expanded people-to-people exchanges and cultural cooperation.     China is now Italy's important trading partner with the two-way trade totaling 38.2 billion U.S. dollars in 2008 despite the slowdown of the global economy.     The two countries have also expanded cooperation in the sectors of economy, culture, science and environmental protection in recent years.     In L'aquila, the Chinese president will attend the outreach session of the G8 summit and other meetings.     According to Italy, the host of the 35th G8 summit, leaders from the G8 and major developing countries will hold talks from Wednesday to Friday on the world economy, the financial crisis, climate change, food security, trade and development.     President Hu will attend a group meeting Wednesday with leaders from India, Brazil, South Africa and Mexico. They are expected to exchange views on the issues of common concern.     At the outreach session of the G8 summit Thursday, leaders of the G8 nations, China, India, Brazil, South Africa and Mexico, and Egypt, a special guest of the Italian president, will discuss a number of pressing issues, such as the world economy, the financial crisis, and international trade.     This is the sixth time that the Chinese president has attended the G8 outreach session. The previous one took place in the northern Japanese resort of Toyako last July.     The G8, an informal forum of leading industrialized nations, groups Germany, France, Britain, Italy, Japan, the United States, Canada and Russia.     President Hu will also attend the Major Economies Forum (MEF) on energy security and climate change Thursday.     Italian Prime Minister Berlusconi described the forum in L'aquila as a "crucial step in the preparatory work paving the way for the UN conference in Copenhagen this December."     On Friday, President Hu will join discussions with leaders of the G8, Brazil, India, South Africa, Mexico and a group of African nations on aid, food security and progress toward the Millennium Development Goals.     China expects the outreach session will give "a strong signal for further cooperation on tackling the financial crisis on the basis of the G20 summits," said Chinese Vice Foreign Minister He Yafei at a press briefing last week.     "We expect the meeting will help to raise concern on the impact of the global downturn on development issues and food security, especially in African countries," He said.     On the sidelines of the G8 outreach session, President Hu is expected to meet some leaders participating in the event, including U.S. President Barack Obama, to discuss bilateral ties and the international issues of common concern.     Hu and Obama met for the first time on April 1 to discuss bilateral ties, the ongoing global financial storm and other major issues of common concern when they were attending a Group of 20 summit on the financial crisis in London.     The G8 has strengthened links and dialogue with developing countries in recent years. Such a trend has helped advance the South-North dialogue and cooperation, push forward the development of multilateralism, and promote the resolution of global issues.     Italian Prime Minister Berlusconi decided to move the venue of G8 summit from the island of Sardinia to L'aquila, where an earthquake on April 6 killed 295 people and left over 60,000 people homeless.     The Italian government hopes the shift of the summit venue could attract more attention to the plight of the victims in L'aquila and help the devastated city's reconstruction.     Since the end of last year, President Hu has attended a series of major international conferences on the financial crisis and other major issues.     He participated in the annual summit of the Shanghai Cooperation Organization (SCO) and the first meeting of BRIC (Brazil, Russia, India and China) leaders in Russia's Ural city of Yekaterinburg in June.     He was present at the G20 financial summit in London in the beginning of April.     The Chinese president and other leaders from the G20 members also gathered in Washington for a summit on the financial crisis on Nov. 15 last year.     Days later, Hu flew after a Cuba visit to Peru to attend the Economic Leaders' Meeting of the Asia-Pacific Cooperation Organization (APEC) on regional economic issues and the financial crisis.     Other Chinese leaders including Premier Wen Jiabao have also participated in several international conferences to seek joint actions with other countries to deal with the crisis.     Premier Wen stressed confidence, cooperation and responsibility as a key to overcoming the financial storm at the World Economic Forum's annual meeting in the Swiss skiing resort of Davos in January.

SHANGHAI, June 3 (Xinhua) -- Standard Chartered Bank (China) Limited announced Wednesday that it plans to issue 3.5 billion yuan (512 million U.S.dollars) financial bonds in China, the first foreign bank to issue Renminbi bonds in the Chinese mainland.     The announcement was made in the wake of a circular released by the State Council in April on building Shanghai into an international financial center and shipping hub.     The municipal government of Shanghai convened a working meeting late last month on preparation for the financial center goal, promising to support foreign banks to issue yuan-denominated bonds.     "As China's financial market continues to liberalize, Standard Chartered is seeing a number of opportunities for our business," said Peter Sands, Group Chief Executive of Standard Chartered Bank, during his visit to Beijing this week.     The issuance is expected to help elevate the Renminbi's status as an international reserve currency, develop local capital markets, and contribute towards Shanghai's development as a global financial center, said Sands.     Standard Chartered Group reported 26 percent income growth in 2008, or 13.97 billion U.S. dollars despite the difficult global economic environment.     In China, the bank has grown by an average annual compounded growth rate of 80 percent over the past four years.     Standard Chartered Bank is China's oldest foreign bank enjoying150 years of history. It is among the first batch of locally-incorporated foreign banks and has one of the largest foreign bank networks operating in China.

YEKATERINBURG, Russia, June 15 (Xinhua) -- President Hu Jintao on Monday expressed China's readiness to work with Uzbekistan to push forward their relations of friendship, cooperation and partnership.     At a meeting with Uzbek President Islam Karimov here, the Chinese president said relations between China and Uzbekistan have witnessed healthy and stable growth since the two countries established friendly and partnership relations in 2005.     The two countries have maintained frequent high-level exchanges, deepened their political mutual trust and expanded cooperation in such fields as trade, economy, energy, security and culture, he said. Chinese President Hu Jintao (R) meets with Uzbekistan's President Islam Karimov in Yekaterinburg, Russia, June 15, 2009.    They have supported each other on major issues of respective concerns, conducted robust cooperation in the United Nations, the Shanghai Cooperation Organization and other multilateral organizations, and contributed to promoting peace and stability in the region and the world at large, Hu said.     He said China highly values its relations with Uzbekistan and stands ready to implement the existing agreements and consensus between the two countries so as to strengthen their relations of friendship, cooperation and partnership.     Hu proposed that the two countries give full play to the intergovernmental economic and trade cooperation committee, boost cooperation in trade, economy, transport, energy, telecommunications, light industry and agriculture, and maintain the momentum for the growth of two-way trade to promote social and economic development of both countries.     Hu said the global financial crisis is still spreading, posing grave difficulties and challenges for China's economic development.     In order to tackle the crisis and maintain steady and relatively fast growth of the economy, China has timely adjusted its macroeconomic policies and adopted a package of measures to further expand domestic demand and boost economic growth, Hu said.     These measures are being implemented and have started to take effect, he said.     China is confident of overcoming the difficulties, achieving the steady and relatively rapid growth of its economy and contributing to the recovery and healthy, stable development of the global economy, Hu said.     China stands ready to strengthen exchanges and cooperation with Uzbekistan in the financial sector, jointly guard against global financial risks and promote the healthy and stable economic and financial development of both countries, he said.     Karimov, for his part, said Uzbekistan appreciates its relationship with China, which features friendship, mutual trust and cooperation.     Uzbekistan appreciates China's continued supply of aid over a long period of time, especially the sincere help and support provided by China at times of hardship for Uzbekistan, he said.     Amid the current global financial crisis, Uzbekistan is ready to strengthen cooperation with China in such sectors as the economy, trade, energy and natural resources to jointly tackle the financial crisis.     Uzbekistan is willing to strengthen cooperation with China within the framework of the Shanghai Cooperation Organization (SCO) and enhance coordination in international affairs, Karimov said.     Uzbekistan firmly supports China on the issue of Taiwan and issues related to Tibet, he said.     The Chinese president arrived in Russia's Ural mountain city of Yekaterinburg on Sunday for the annual SCO summit, which will discuss how to tackle the international financial crisis and expand cooperation in the political, economic and security fields, and in other areas, among member states.     Founded in 2001, the SCO consists of China, Russia, Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan. Mongolia, India, Pakistan and Iran are observers of the organization.  Chinese President Hu Jintao (2nd R) meets with Uzbekistan's President Islam Karimov (2nd L) in Yekaterinburg, Russia, June 15, 2009.

CHENGDU, May 13 (Xinhua) -- Chinese President Hu Jintao Monday and Tuesday inspected reconstruction work and encouraged survivors to bravely face the music in southwestern Sichuan Province where a massive earthquake, centered in Wenchuan County, left more than 87,000 dead or missing last May 12.     Hu and Vice Premier Li Keqiang visited heroes and models of quake relief, people working on rebuilding the area and grassroots officials and the masses in quake-hit Mianyang, Deyang and Chengdu cities and Aba prefecture. Chinese President Hu Jintao meets with representatives of anti-quake heroes, government officials and reconstruction project workers in Mianyang, southwest China's Sichuan province. Hu Jintao visited the reconstruction projects in the quake-hit places in southwest China's Sichuan province on May 11 and May 12, 2009. Hu praised the reconstruction efforts and encouraged them to make more contributions to rebuilding the quake-hit region.     In a rehabilitation and artificial limb center for the disabled in Deyang, jointly set up by the local association for the handicapped and the Hong Kong Red Cross Society, Hu, moved by the staff's meticulous care, said, "You've not only brought here rehabilitation techniques, but a loving heart as well." Chinese President Hu Jintao helps a handicapped woman caused by the quake of last year in a rehabilitation center in Deyang, southwest China's Sichuan province. Hu Jintao and vice Premier Li Keqiang visited the reconstruction projects in the quake-hit places in southwest China's Sichuan province on May 11 and May 12, 2009.Hu encouraged patients to cooperate with doctors, stick to training every day and bravely face the music.     He also helped Liu Chunyan, 37, who had both of her legs amputated after the quake, to practice walking. Liu wore artificial limbs and received rehabilitation training at the center.     Hu asked Liu to be strong and optimistic toward life.     The president also carefully observed an urban planning layout panel and a sand table model of the Beichuan County, which was flattened by the quake. Hu asked in detail about the progress of the reconstruction project. Chinese President Hu Jintao and vice Premier Li Keqiang meet with construction workers of the highway project from Dujiangyan to Yingxiu in southwest China's Sichuan province. Hu Jintao and Li Keqiang visited the reconstruction projects in the quake-hit places in southwest China's Sichuan province on May 11 and May 12, 2009.He told workers that building the new Beichuan was a "landmark project of an overall post-quake reconstruction," and "scientific planning, meticulous designing, efficient and quality construction are essential."     Hu's car also cut the ribbon lining the newly-built expressway linking Dujiangyan City and Yingxiu Town, two of the worst-hit areas in the deadly earthquake, at a ceremony marking the road's opening to traffic. The new road is a fast track leading to the epicenter and is vital for reconstruction work.     In a modern agricultural model park in Dujiangyan, which was built with Shanghai's help, Hu told technological staff to promote agricultural technologies so that farming could contribute more to local farmers' income growth. Chinese President Hu Jintao visits the Hi-tech-Agri. demonstration garden in Dujiangyan, southwest China's Sichuan province. Chinese President Hu Jintao and vice Premier Li Keqiang visited the reconstruction projects in the quake-hit places in southwest China's Sichuan province on May 11 and May 12, 2009Hu also visited an airborne land army regiment of the Chengdu Military Area Command of the Chinese People's Liberation Army (PLA). Five crew members of an Army helicopter of the regiment died when their craft crashed in the mountains during an earthquake relief mission last May 31.     The copter crew, headed by Senior Colonel Qiu Guanghua, had been working to rescue and evacuate survivors of the 8.0-magnitudequake.     The PLA regiment relocated 1,128 injured people after the quake and transported 5,566 others to safer areas. Chinese President Hu Jintao meets medical personnel from Hong Kong SAR in a rehabilitation center in Deyang, southwest China's Sichuan province. Hu Jintao visited the reconstruction projects in the quake-hit places in southwest China's Sichuan province on May 11 and May 12, 2009. Hu visited families of the five crew members, saying the five were "reflection of the Party's principle of wholeheartedly serving the people" and their achievement would be enshrined in the people's heart.     The president bowed deeply to their family members in a token of respect and acknowledgement.     Hu asked local government to step up reconstruction efforts and ensured economic growth, people's livelihood and social stability so as to embrace the 60th anniversary of the founding of the country.     On Tuesday, a memorial service to mark the first anniversary of the catastrophe was held in Yingxiu. Hu addressed the ceremony.

WASHINGTON, April 22 (Xinhua) -- U.S. Treasury Secretary Timothy Geithner said on Tuesday that the prosperity of the American economy needs the rest of the world to recover.     "The rest of the world needs the U.S. economy and financial system to recover in order for it to revive," said Geithner in remarks to the Economic Club of Washington. "We remain at the center of global economic activity with financial and trade ties to every region of the globe."     "Just as importantly, we need the rest of the world to recover if we are to prosper again here at home," the Treasury chief said.     "Before the crisis, U.S. exports were among our economy's fastest-growing sectors, accounting for more than 6 million American jobs, or about 5 percent of total private sector employment in the U.S. Now, they are one of its fastest-shrinking," he stated.     He called for global cooperation to cope with the current crisis, which he said was "the most severe crisis in generations."     "As a consequence, the community of nations must work together -- and that work has already begun -- to revive economies around the world and to lay the groundwork for a new, more stable and more sustainable pattern of growth in the future," he said.

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