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BEIJING, Aug. 28 (Xinhua) -- China's restrictions on rare earth industry will assist in protecting the environment, Chinese Commerce Minister Chen Deming said here Saturday."Mass-extraction of rare earth will cause great damage to the environment, that's why China has tightened controls over rare earth production, exploration and trade, " Chen told media during the third China-Japan high-level economic dialogue.He said what China had done was also consistent with the rules of the World Trade Organization.China is the largest producer of rare earth elements, which are used in hybrid car motors, computer hardware and components for high-tech products.Chen said the restriction policy would also have an adverse impact on the Chinese market, where parts for Japanese products were assembled.He stressed that in order to protect the country's environment, China had no choice but to take such measures.During the dialogue, Chen also called on Japan to ease high technology export controls to China and simplify visa procedures for Chinese business people.Japan had expressed concerns over China's export of mineral resources, independent innovation systems and information security policies during the meetings.Chen said, through the dialogue, that the two sides had enhanced communications and increased mutual understanding over these issues.
PARIS, Nov. 2 (Xinhua) -- Chinese President Hu Jintao's coming visit to France will help the two countries consolidate consensus on bilateral ties and major international issues, Chinese Ambassador to France Kong Quan said Monday.Kong made the remarks during a joint interview by Chinese media. He said Hu's visit, slated for Nov. 4-6, showed Sino-French relations were going into a new period of all-round, healthy and rapid development.In the face of complicated and profound changes in the international situation, Hu and his French counterpart, Nicolas Sarkozy, would discuss how to work together to highlight the strategic nature of the partnership between the two countries, Kong said.The two countries were now enjoying accelerated development of comprehensive and sound bilateral ties with increasing exchanges in politics, trade and economy and culture and science, the ambassador said.Drastic changes in the world political and economic situation made France and China realize the importance of reinforcing mutual understanding and communication, as well as the necessity to deepen cooperation in a bid to safeguard world peace and development as well as the long-term interests of their respective countries, he said.Kong said that enhanced bilateral exchanges and cooperation and consolidated partnership between China and France was in line with their fundamental interests as well as their expectations.Since the two countries differed in national condition, social system,stage of economic development and culture and history, it was natural for them to have certain different views and stands, he said."What's more important is that the leaders and peoples of the two nations agree to promote candid dialogue and exchanges to enhance understanding and trust on the basis of mutual respect."Meanwhile, they should also attach importance to each other's core interests and major concerns, Kong stressed.According to the ambassador, the two sides were ready to pledge joint efforts to ensure a sustained and sound development of friendly bilateral ties and cooperation.With regard to bilateral economic ties, Kong said bilateral trade between China and France had been growing rapidly on a reciprocal basis.Trade and economic cooperation between the two had seen an average annual growth rate of about 18 percent over the past 10 years, he said.The rapid growth in bilateral trade reflected the interdependence and complementary nature of the two economies, he said.Great efforts should be made in three major areas to expand bilateral trade and economic cooperation, he said.Firstly, the two countries should deepen cooperation in such traditional areas as aviation, energy and transport, Kong said.Bilateral cooperation in emerging fields such as finance, new energy, new material, low-carbon technology and sustainable development should also be stepped up, he said.The ambassador also highlighted the importance of carrying out cooperation at the level of regional governments.Regarding the upcoming G-20 summit in Seoul, Kong said France and China had maintained good cooperation within the framework.He also called for countries around the world to strengthen cooperation and implement the consensus reached at the previous G-20 summits to consolidate global economic recovery.

UNITED NATIONS, Sept. 23 (Xinhua) -- Chinese Premier Wen Jiabao met with U.S. President Barack Obama here on Thursday, focusing on bilateral ties and regional and world issues and calling for more cooperation.China and the United States can deepen their cooperation on significant international affairs and major regional issues as well as on efforts to handle global financial woes and climate change, Wen said.He said China and the United States could forge an even closer and wider-ranging trade and financial relationship. Chinese Premier Wen Jiabao (L) meets with U.S. President Barack Obama in New York, the United States, Sept. 23, 2010.At the beginning of the meeting, Wen said the China-U.S. relationship has advanced beyond the bilateral scope and has a major impact on the world.The common interests of the two countries far outweigh their differences, Wen said.Although there exist differences between China and the United States, the problems can be well solved through dialogue and cooperation, the premier said.The meeting at the United Nations added to the increasing number of meetings held between Chinese and American leaders since Obama took office in 2009.
BEIJING, Oct. 13 (Xinhua) -- China's safety record has improved in the first nine months of 2010 with fewer accidents and deaths compared with one year ago, Luo Lin, director of the State Administration of Work Safety (SAWS), said Wednesday.From January to September this year, China reported 16,091 fewer accidents, or a decline of 5.8 percent over the previous year, while deaths caused by accidents were down by 5,869 in the same period, Luo said during a a national video conference regarding the country's work safety record.While Luo did not provide the actual figures of accidents or deaths caused during this period, he said: "Though we have made new progress in work safety, the total number of accidents is still too high and the accidents with heavy casualties and caused by illegal production activities were rising dramatically."According to SAWS, China's work safety death ratio per 100 million yuan (14.9 million U.S. dollars) of gross domestic product (GDP) was down 18.6 percent year on year to 0.21 during the January-September period. In other words, every 10 billion yuan of China's GDP will cause 21 deaths in the process of production.In addition, the death ratio per million tonne of coal output dropped 13.3 percent to 0.78 in the same period.According to the last figures released by SAWS in July, workplace accidents had killed 33,876 people in the first half of this year.
HONG KONG, Sept. 22 (Xinhua) -- Hong Kong stocks gained 45.12 points, or 0.21 percent to close Wednesday's trading at 22,047.71.The benchmark Hang Seng Index traded between 22,229.18 and 22, 021.6 on a turnover of 69.08 billion HK dollars (about 8.9 billion U.S. dollars).All the four sub-indices of the benchmark index landed in the positive territory, with properties advancing the most by rising 1. 2 percent.Heavyweight HSBC slid 0.49 percent to 81.1 HK dollars, extending its falling streak to the third day this week. The nation's telecom giant China Mobile gained 0.38 percent to 79.8 HK dollars. Sole market operator HK Exchange rallied 1.35 percent to 142.5 HK dollars.For financial shares, CCB, which accounts for the third largest weighting of the Hang Seng Index, went up 0.59 percent to 6.77 HK dollars. Meanwhile, the nation's largest lender by market value ICBC shed 0.17 percent to 5.84 HK dollars, Bank of China up 0.25 percent to 4.09 HK dollars and Bank of Communication down 0.36 percent to 8.4 HK dollars.The two leading mainland-based insurers went to different directions as Ping An slumped 0.6 percent to 74.4 HK dollars and China Life moved up 0.32 percent to 31.5 HK dollars.Local developers remained strong following two days of upward move. Cheung Kong, the flagship company of Hong Kong's richest man Li Ka Shing, advanced 2.11 percent to 111.5 HK dollars.Another major developer SHK rose 1.79 percent to 125.2 HK dollars and the city's main residential builder Henderson Land jumped 2.63 percent to 52.65 HK dollars. Oil shares put on mixed performances, with Sinopec up 0.91 percent to 6.67 HK dollars, PetroChina up 0.46 percent to 8.71 HK dollars and CNOOC down 1.36 percent to 14.5 HK dollars.Aside from constituents stocks, China's leading electric motor manufacturer BYD was also among the most active. Share price of the Shenzhen-based company went down 3.56 percent to 54.2 HK dollars. (7.76 HK dollars equal one U.S. dollar)
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