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BEIJING, June 6 (Xinhua) -- China will continue to cut excess production capacity, but will rely on market forces, not government-set targets, to do so, Finance Minister Lou Jiwei said on Monday, as an annual high-level dialogue between China and United States kicked off.

The long distance precision attack weapons developed by some countries, such as the global system for instant attack, may seriously damage the strategic balance and trigger a new round of arms race, according to the joint statement.

The international situation is complicated and countries hold different positions and views, but joining the SCO will create favorable conditions for seeking solutions, said Putin, adding that he has high hopes for this.

WARSAW, June 20 (Xinhua) -- A Polish expert on China on Monday urged Poland and China to step up exchanges in various sectors in an effort to seize development opportunities.

This year, despite continued slowdown in global growth, the Chinese economy has on the whole maintained stability while making steady progress, and has performed within the appropriate range. This is indeed not easy. China's GDP expanded by 6.7% in the first quarter of the year, and registered steady growth in the second quarter. Summer grain production is expected to be another bumper harvest. Corporate profits in the industrial sector are steadily rising. The service industry is growing rapidly, and market sales are steadily expanding. CPI is basically stable, the drop in PPI has narrowed, and energy intensity and emissions of major pollutants have continued to fall. In particular, the employment situation is stable. In the first five months of this year, 5.77 million new urban jobs were created, completing 58% of the annual employment target. The surveyed unemployment rate of 31 major cities in May was 5.02%.