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CANNES, France, Nov. 3 (Xinhua) -- Chinese President Hu Jintao on Thursday urged the world's major economies to work together to promote growth and financial stability."It is imperative that we stand on a higher plane, transcend differences on specific issues, move beyond short-term considerations, and jointly seek ways to overcome the crisis and sustain development," Hu told the Group of 20 (G20) summit here."At this critical moment, the G20 must work to address the key problems, boost market confidence, defuse risks and meet challenges and promote global economic growth and financial stability," said Hu.As the premier forum for international economic cooperation, the G20 must continue to demonstrate the spirit of standing together in times of adversity and pursuing win-win cooperation, he said.The Chinese president said "the current world economic situation deserves our high attention," cautioning the global recovery is fraught with instability and uncertainty and faces growing risks and challenges.Some major economies are experiencing economic slowdown and some countries are facing acute sovereign debt problems, said Hu.He also cited volatility in the international financial markets, and high inflationary pressure in emerging markets.Hu put forward a five-point proposal on what G20 nations need to do to tide over the crisis.First, the countries should ensure growth while paying attention to balance. Given the serious risks facing the global economy and continued market volatility, ensuring growth and promoting stability should be the top priority, he said."We should introduce new and strong measures to ensure that fiscal and monetary policies are fully implemented and that funding is channeled into the real economy to boost production and employment."Second, the G20 nations should strengthen unity and send a strong signal to the world as there is widespread panic and acute lack of confidence in the markets, said Hu.He urged G20 members to strengthen consultation and coordination, tackle sovereign debt risks, regulate cross-border capital flow, put the fluctuation of commodity prices under control, mitigate global inflationary pressure and make sure that the economic policies pursued by various countries do not offset each other.Third, global economic governance should be improved through reform, Hu said.The international financial crisis has highlighted the deficiencies in the global economic governance system, said Hu."Major efforts should be made to reform and improve the international monetary system, international trading system and commodity pricing mechanism," said the Chinese president.
BEIJING, Nov. 15 (Xinhua) -- Police from China and Angola have jointly busted a criminal gang that kidnapped Chinese females and forced them into prostitution in Angola, according to China's Ministry of Public Security on Tuesday.Police rescued 19 Chinese females during the operation on Oct. 25, when 11 suspects were arrested in Angola and five were caught in China, according to a statement from the ministry.Those female victims and suspects have been transferred back to China, said the statement.In order to boost international cooperation against human trafficking, China had ratified the Protocol to Prevent, Suppress and Punish Trafficking in Persons, Especially Women and Children, supplementing the United Nations Convention against Transnational Organized Crime, in February 2010.Moreover, Chinese police have entered into cooperation agreements with more than 50 countries, which contain anti-human trafficking terms.

SHANGHAI, Jan. 11 (Xinhua) -- China has allowed the Bank of East Asia (BEA) to issue yuan-denominated bonds in Hong Kong for a second time, about three years after it became the first foreign-invested bank to make a yuan bond issuance, the bank said Wednesday.BEA China Ltd, a wholly-owned subsidiary of the BEA, was given the approval by the National Development and Reform Commission of China to issue yuan bonds in Hong Kong, it said.Details on the amounts and timing of the offerings weren't available. In 2009, in a major landmark, the BEA issued its first yuan bonds in Hong Kong in an aggregate principal amount of 4 billion yuan (630 million U.S. dollars).The BEA was among the first foreign-invested banks to be given the green light to issue yuan-denominated bonds in Hong Kong, a move analysts say will bolster the international influence of the Chinese currency, also known as renminbi.Sun Minjie, deputy head of BEA China, said the second bond issuance will give the bank stable access to capital, improve its debt portfolio, and support its development on the Chinese mainland.
BEIJING, Jan. 25 (Xinhua) -- China's railway authorities said Wednesday that it would put 315 more trains into service on Wednesday to cope with Lunar New Year travel demand, compared with 159 on Tuesday.About 3.7 million passengers hit the rails on Tuesday, up from 2.29 million on Monday, the Ministry of Railways said in a statement on its website.The ministry expected a post-festival travel peak on Friday.The country's trains carried a total of 83.46 million passengers from Jan. 8 to 22, up 7.9 percent from a year earlier, the ministry said in a statement issued on Tuesday.The 40-day Spring Festival travel season kicked off on Jan. 8 this year, with hundreds of millions of people, mainly migrant workers and college students, heading home for the most important festival in China.A total of 3.16 billion passenger trips are expected during the year's travel rush, up 9.1 percent from a year earlier. Of those journeys, 235 million are likely to be made by train, up 6.1 percent year-on-year.The Spring Festival, or Chinese Lunar New Year, falls on Jan. 23 this year.
来源:资阳报