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XIAMEN, Sept. 5 (Xinhua) -- China's outbound direct investment (ODI) rose 1.1 percent year on year to 56.53 billion U.S. dollars in 2009, according to a government report issued Sunday.Non-financial ODI, which accounts for 84.5 percent of the total, stood at 47.8 billion U.S. dollars last year, up 14.2 percent from one year earlier, while the country's overseas investment in financial sectors declined 37.9 percent to 8.7 billion U.S. dollars, according to a report jointly released by the Ministry of Commerce, the National Bureau of Statistics and the State Administration of Foreign Exchange.By the end of 2009, Chinese enterprises established 13,000 overseas companies in 177 countries, with combined assets topping 1 trillion U.S. dollars, according to the report.
YUZHOU, Henan, Oct. 18 (Xinhua) -- The death toll from a coal mine gas leak in central China's Henan Province has risen to 32 after six more bodies were found, rescuers said Monday.Some 300 rescuers are still racing against the time to search the five miners remaining trapped despite slim chances of survival as they were feared buried in coal dust.More than 2,500 tonnes of coal dust smothered the pit after the gas leak, which hampered the rescue, said Du Bo, deputy chief of the rescue headquarters.The rescue efforts, however, are speeding up after the underground transport, power and ventilation systems have been restored, said Du.The gas outburst happened at 6:03 a.m. Saturday when 276 miners were working underground in the mine in Yuzhou City. A total of 239 workers escaped but 21 were found dead and 16 were trapped.An initial investigation showed that 173,500 cubic meters of gas leaked out in the accident.The mine is owned by Pingyu Coal & Electric Co. Ltd., a company jointly established by four investors, including Zhong Ping Energy Chemical Group and China Power Investment Corp..

WASHINGTON, Sept. 20 (Xinhua) -- U.S. President Barack Obama said Monday that China's rapid economic development is in the interest of U.S. economy."It's good for us that China has done well," Obama said at a town-hall-style meeting telecast live on CNBC before heading to Pennsylvania to raise money for a Democratic Senate candidate.His address is in line with U.S. Secretary of Treasury Timothy Geithner's testimony to the Congress last Thursday."We have very significant economic interests in our relationship with China," Geithner said, "a strong and growing China benefits the United States, just as a strong and growing United States is good for China."In responding to a question about China's currency issue, Obama said that China's currency is lower than the market says that it should be, but trade is in the benefit for both sides."I just want to make sure trade is good for American businesses and American workers," Obama said."We are going to continue to insist that on this issue, and on all trade issues between us and China, that it is a two-way street, " he said.Facing November elections shaped by voter anger at the sour economy, U.S. lawmakers are weighing bills that would slap sanctions on Chinese goods, amid accusations that China keeps its currency -- and thereby its exports -- artificially cheap.The Obama administration acknowledged that China's imports supported the global economy and contributed substantially to recovery around the world.With over 1.3 billion people and an economy continuing to grow at or near double-digit rates, China is the U.S.' fastest-growing major overseas market.China's record of bringing hundreds of millions out of poverty, building a rapidly growing middle class, and now its efforts to encourage growth led by domestic demand, ultimately mean more demand for American goods and services.In order to pull the economy out of recession, Obama launched National Export Initiative (NEI) in March and set the goal of doubling the U.S. export in five years and creating two million jobs in the country.The Obama administration is clear that the vast Chinese market is a crucial part to fulfill the goal."Increasing opportunities for U.S. firms and workers through expanded trade and investment with China will be an important part of the success of the President's National Export Initiative and our efforts to support job growth more broadly."According to the Treasury Department, China is a critical market for a broad range of American products, from agriculture, to manufacturing, to services.China was the largest market for U.S. soybeans last year, importing over 9 billion dollars.In the manufacturing sector, the United States has already exported nearly 3.5 billion dollars in aircraft to China this year alone, and U.S. exports of automobiles and parts to China have grown over 200 percent.The issues in China and U.S. economic relations and trade should be properly solved through consultations on an equal footing. Exerting pressure cannot solve the issue. Rather, it may lead to the contrary, China's Foreign Ministry said recently.
ATHENS, Oct. 3 (Xinhua) -- China and Greece issued a joint statement on Saturday, pledging to enhance their cooperation in various fields in an effort to deepen bilateral comprehensive strategic partnership.In a joint statement issued during the visit by Chinese Premier Wen Jiabao, the two countries expressed willingness to maintain frequent visits by leaders from both sides and enhance mutual political trust."The Greek government respects China's territorial integrity, reaffirms its adherence to the one China policy and supports the development of cross-Strait relations and China's reunification," the statement said.Both sides also agreed to promote the development of the China-EU comprehensive strategic partnership.Greece will continue to play a positive role in discussions within the EU over the recognition of China's full market economy status, which Athens believes is of great political significance, as China has made substantial progress on the issue within the framework of the World Trade Organization, said the statement.Hoping for a just, lasting and feasible solution to the Cyprus issue based on relevant UN resolutions, the two countries support the mediation efforts by UN Secretary General Ban Ki-moon.Greece is willing to cooperate with China in their joint fight against pirates and safeguard the international shipping, according to the statement. The two countries also agree to discuss the possibility of signing a Memorandum of Understanding on the issue.Both governments said they are ready to boost dialogue and cooperation to address climate change and make the upcoming UN climate change conference in Cancun, Mexico, achieve positive results.The two sides agree that the international financial crisis did not alter the long-term trend of world economic development. The global economy is gradually recovering but still with uncertainties."It is necessary for countries all round the world to strengthen coordination on their macro-economic policies to push forward a full-fledged recovery of the world economy," said the statement.
BEIJING, Aug. 30 (Xinhua) -- Jia Qinglin, chairman of the Chinese People's Political Consultative Conference (CPPCC) National Committee, spoke highly of the country's private business people here Monday for their long-term efforts in the Guangcai (Glory) poverty-eradication program.Jia, also member of the Standing Committee of the Communist Party of China (CPC) Central Committee Political Bureau, gave his cordial thanks to a group of delegates attending a meeting of the China Society for the Promotion of the Guangcai Program (CSPGP), including those from Hong Kong and Macao.The private sector should be active in education, medical, cultural and employment-boosting programs, as well as in infrastructural and environmental work, in the poverty-stricken areas, Jia said.The leader also advised the Society to increase exchange with the United Nations organizations and non-government organizations abroad.On April 23, 1994, the China Guangcai Program was launched to help fight poverty in economically backward areas in response to the government's Eighth Seven-Year Anti-Poverty Plan (1994-2000).
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