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BEIJING, Nov. 16 (Xinhua) -- U.S. President Barack Obama arrived in Beijing Monday afternoon to continue a four-day state visit to China after meetings with officials and students in Shanghai. Chinese Vice President Xi Jinping greeted him at the airport. U.S. President Barack Obama waves as he steps off Air Force One at the airport in Beijing, capital of China, on Nov. 16, 2009. Obama arrived here Monday afternoon to continue his four-day state visit to ChinaChinese Vice President Xi Jinping walks with U.S. President Barack Obama at the airport in Beijing, capital of China, on Nov. 16, 2009. Obama arrived here Monday afternoon to continue his four-day state visit to China During his stay in Beijing, Obama is to meet with Chinese leaders and exchange views on bilateral relations and major international and regional issues of common concern. He will also visit the Forbidden City and the Great Wall, two of China's most cherished heritage sites. A child presents a bouquet to U.S. President Barack Obama as Chinese Vice President Xi Jinping gestures at the airport in Beijing, capital of China, on Nov. 16, 2009. Obama arrived here Monday afternoon to continue his four-day state visit to China. Obama arrived in Shanghai Sunday night, the first stop of his maiden trip to China since taking office in January. He met with Shanghai Party chief Yu Zhengsheng and had a dialogue with Chinese youth earlier Monday. China is one leg of Obama's Asian tour, following his visit to Japan and Singapore. He is slated to leave Beijing for the Republic of Korea Wednesday afternoon. Chinese Vice President Xi Jinping shakes hands with U.S. President Barack Obama at the airport in Beijing, capital of China, on Nov. 16, 2009. Obama arrived here Monday afternoon to continue his four-day state visit to ChinaU.S. President Barack Obama arrives at the airport in Beijing, capital of China, on Nov. 16, 2009. Obama arrived here Monday afternoon to continue his four-day state visit to China
NEW YORK, Jan. 7 (Xinhua) -- Stopping importing from China may result in an increase in the U.S. trade imbalance, chief economist of the World Bank Justin Yifu Lin said during a speech here on Thursday. Addressing the audience at a forum about the forecast and views of Chinese economy held at the New York Stock Exchange, Lin said the imbalance between the United States and China actually "reflects some kind of specialization due to the state of development." The type of products that China exported to the United States are labor-intensive living necessities that the United States will never produce anymore and has no competitive advantages, Lin said. Chief economist of the World Bank Justin Yifu Lin delivers a speech at a forum about the forecast and views of Chinese economy held at the New York Stock Exchange in New York, the U.S., Jan. 7, 2009. He said stopping importing from China may result in an increase in the U.S. trade imbalance "If China will not export those type of labor-intensive products, U.S. will have to import from other middle income or lower income countries," he added. "And very likely, the cost of importing from other countries will be higher." Lin said U.S. companies always have a free choice to import from China or other countries, and they currently choose China is because the cost is lower. "If U.S. has to switch the source of the import from another country, (U.S.) people will have to pay for them no matter how high the price is because that is a definite necessity," Lin said," that means most likely the trade imbalance in U.S. may increase."

SANAA, Oct. 24 (Xinhua) -- A Chinese military vessel arrived in the Aden port Saturday on a goodwill official visit for the coming several days, official SABA news agency reported. The Chinese military vessel, named Chan Dokouh, is affiliated with the Chinese naval fleet now cruising in the international waters, SANA said. The military ship and its crew were received by a number of senior Yemeni military and security officials at the southern military naval base in Aden, said the report. The visit of the Chinese military vessel to Aden port came as part of the joint bilateral cooperation between Yemen and China, particularly in fighting terrorism, counter-smuggling, combating piracy and ensuring safety of navigation through international waterways, added the report.
BEIJING, Dec. 7 (Xinhua) -- The closing of China's Central Economic Work Conference on Monday, which coincided with the opening of the 15th United Nations Climate Change Conference in Copenhagen, left a message that China was determined to pursue a path of low-carbon development. The three-day conference, responsible for setting the tone for economic development in 2010, agreed that China would step up efforts to boost low-carbon sectors, as part of the strategy of promoting the transformation of economic development pattern. "This demonstrates a remarkable change in China's concept of development, and would greatly help upgrade economic growth pattern and adjust economic structure," said Jiang Xinmin, a researcher with the National Development and Reform Commission (NDRC). The conference agreed to strictly control the issuing of loans to sectors featuring high energy consumption and high carbon emissions, increase credit support to low-carbon industries, strictly reduce exports of high energy-consuming products and rollout low-carbon economic development pilot plans. Jiang said the government's policies would surely produce more breakthroughs in low-carbon technologies, thus providing new vigor for growth. "We can simply say that China has set foot on a low-carbon development road." The Chinese government's major task this year had been to maintain growth through its stimulus programs amid the global economic downturn, said Wang Xiaoguang, a researcher with the China National School of Administration. "As the economic recovery is gaining momentum, the country should shift its focus to the long-term development plan," Wang said. The conference has put much emphasis on "green" development as 2010 will be the last year of the country's 11th five year plan (2006-2010), a guideline for economic and social development, which set hard targets for reducing energy intensity and emissions. Under the plan, China would reduce energy consumption per unit of GDP by 20 percent and major pollutant emissions by 10 percent from the 2005 levels by 2010, and the country is still working for that goal. China announced ambitious plans in late November to cut its energy intensity per unit of GDP by as much as 45 percent by 2020 compared to the levels in 2005. "The country would be pressured to make more efforts to achieve these targets. It is a tough task we must fulfill. We need to change our growth pattern and find a way to sustainable development," Wang said. The great importance the government attached to emissions cutting suggested the low-carbon concept has gradually merged into the country's development plans, said Wang. However, it took more than government policies and enforcement to reach the goal, said Zhou Dadi, a researcher with the NDRC "A low-carbon development pattern also needs concerted efforts by the public to change their life styles," Zhou said.
BEIJING, Dec. 1 (Xinhua) -- The Purchasing Managers' Index (PMI) of China's manufacturing sector stood at 55.2 percent in November, unchanged from the previous month, the China Federation of Logistics and Purchasing (CFLP) said on Tuesday. It was the ninth straight month that the PMI reading stayed above 50. A reading of above 50 suggests expansion, while one below 50 indicates contraction. The PMI includes a package of indices that measure economic performance. In November, new order index and output index both held steady from figures in the previous month at 58.4 percent and 59.4 percent, respectively. New export order index was 53.6 percent, down by 0.9 percentage points compared to November while purchasing price index rose by 6.5 percentage points to 63.4 percent. Only three out of the 20 surveyed sectors reported a PMI index reading below 50, which were paper making and printing, oil processing, and beverages making.
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