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BEIJING, Nov. 17 (Xinhua) -- Chinese President Hu Jintao hosted a red-carpet welcome ceremony for visiting U.S. President Barack Obama on Tuesday morning at the Great Hall of the People.     This is Obama' s first state visit to China since he assumed presidency in January.  Chinese President Hu Jintao holds a welcome ceremony for visiting U.S. President Barack Obama at the Great Hall of the People in Beijing on Nov. 17, 2009.Chinese President Hu Jintao holds a welcome ceremony for visiting U.S. President Barack Obama at the Great Hall of the People in Beijing on Nov. 17, 2009

BEIJING, Nov. 26 (Xinhua) -- China has tightened settlement and sale of foreign exchange by individuals to curb non-normal cross-border capital inflow, according to a statement of the State Administration of Foreign Exchange (SAFE).     Banks should deny, review or report to foreign exchange regulators, individual purchases or settlements of foreign exchange suspicious of splitting up one deal into several smaller ones to dodge limits on the size of exchange transfer by one person, which is understood to be one of the channels for hot money inflow, said the statement on Wednesday.     Practices including one overseas individual or institution remitting foreign exchange to five or more individuals within China who settle them respectively, or five or more individuals buying foreign exchange and remitting them to one and the same overseas individual or institution, on a single day, every other day or consecutive days, are considered exchange splitting behavior, said the SAFE.     China in 2007 set the limit of up to 50,000 U.S. dollars per year for an individual to exchange between yuan and foreign exchange.

CHENGDU, Jan. 4 (Xinhua) -- A senior Chinese official has urged designated provinces and municipalities to contribute more to the reconstruction work in quake-hit areas in the southwestern Sichuan Province.     Zhou Yongkang, a Standing Committee member of the Political Bureau of the Communist Party of China (CPC) Central Committee, made the remarks during an inspection to Sichuan on Jan. 2-4. Zhou Yongkang (L Front), a member of the Standing Committee of the Political Bureau of the Central Committee of the Communist Party of China, visits students at Shuimo High School in Wenchuan County, southwest China's Sichuan Province, Jan. 4, 2010. Zhou Yongkang made an inspection tour in Sichuan Province on Jan. 2-4.    After the Wenchuan earthquake, the central government issued a policy designating each of the 18 provinces and municipalities, including Shandong, Guangdong, Beijing and Shanghai, to help rebuild one hard-hit county in Sichuan. Zhou Yongkang (3rd L), a member of the Standing Committee of the Political Bureau of the Central Committee of the Communist Party of China, talks with residents at Qianjin Village in Anxian County, southwest China's Sichuan Province, Jan. 3, 2010. Zhou Yongkang made an inspection tour in Sichuan Province on Jan. 2-4. "After the quake, all designated provinces and municipalities moved quickly to send money and personnel for the reconstruction of infrastructure and projects concerning local people's livelihood. They have made significant contribution," Zhou said.     Zhou visited officials and workers from the eastern Shandong Province, who were there to help with the reconstruction at the new seat of Beichuan County, and urged them to build a new county with ethnic characteristics and modern elements.     While visiting Yingxiu Town in the Wenchuan County, Zhou told local officials to focus on the livelihood of local residents during reconstruction.     The quake on May 12 in 2008, measuring 8.0 on the Richter Scale and up to 11 in terms of intensity, left nearly 80,000 people dead or missing and millions homeless.

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GENEVA, Nov. 30 (Xinhua) -- Chinese Commerce Minister Chen Deming on Monday called on the Seventh WTO Ministerial Conference to send a positive signal to the world to help stabilize and improve the crisis-hit global economy.     "Today at this gathering we should send a positive signal to the rest of the world, a signal to 'open up, advance and reform,'" Chen said at the opening plenary of the three-day conference, which was participated by trade and agriculture ministers from most of the 153 WTO members.     "Now the global economy has shown signs of stabilizing and improving, but the foundation for the turnaround is not solid. The road to complete recovery remains long and winding," Chen said.     He stressed the importance of trade opening and resisting protectionist pressures for world recovery. "We should not close our doors for fear of risks or challenges."     "As long as WTO members can form consensus to stand by their WTO commitments, not adopt protectionist measures and remain open, we will be able to gather enormous strength to tide over the crisis," he said.     The minister also stressed the need to advance the long-running Doha Round global trade negotiations as a way to reform and enhance the multilateral trade system.     Eight years after its launch with a primary goal to help poor countries prosper through trade opening, the complex Doha Round is still not in its endgame because WTO members cannot narrow gaps on such key issues as agricultural tariffs, subsidies and industrial market access.     After several missed deadlines, WTO members have set a latest deadline for concluding the Round in 2010.     Chen stressed that progress made in the past eight years, as reflected in the agriculture and NAMA (non-agricultural market access) texts as of December 2008, "is hard won, and cannot be overturned for any excuse."     He also called for respecting the Doha Round's development mandate and keeping multilateral negotiations as the major channel." Then it is hopeful that the talks can be successfully concluded in 2010."     According to the Chinese minister, the WTO, as the only institutional arrangement governing global trade, needs necessary reform to improve its rules and functions, broaden its influence over other important international coordinating mechanisms, and assume a greater responsibility and role in governing global economy.     The organization should reform toward the direction of promoting sustainable development, Chen said.     It also needs to step up efforts in Aid for Trade and trade finance, while advancing trade liberalization. As a result, developing countries, especially LDCs (Least Developed Countries),can gain real benefits from globalization, he added.

HONG KONG, Dec. 6 (Xinhua) -- State Councilor Liu Yandong Sunday gave a speech ahead of the Boao Youth Forum ( Hong Kong) that opens Monday, urging young people across China to work for the Chinese nation's rejuvenation.     She said young people stand for the future and are the most creative part in a society. She hoped young people in China, including those from Hong Kong, Macao as well as the Chinese mainland and Taiwan province, can shoulder the historical responsibility and make their contributions to the great revival of the Chinese nation. Chinese State Councillor Liu Yandong delivers a speech at the 2009 BOAO Youth Forum (Hong Kong) in Hong Kong, south China, on Dec. 6, 2009    She said young people in the Hong Kong Special Administrative Region (SAR) should love the motherland and love Hong Kong, and be a united force in safeguarding national sovereignty and promoting Hong Kong's prosperity.     Liu arrived in Hong Kong Saturday to open the 5th East Asian Games.

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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BEIJING, Oct. 22 (Xinhua) -- Qingdao Haier Co., Ltd., a leading Chinese household electric appliance producer, announced Thursday evening that its net profit in the third quarter rose 48.88 percent year on year to 300.7 million yuan (44.03 million U.S. dollars).     Its net profit in the first three quarters increased 28.7 percent from a year earlier to 966.4 million yuan, the firm said in a statement to the Shanghai Stock Exchange.     The eastern Shandong Province-based company attributed the net profit hike to reduced inventory and improved assets quality.     Equities of the Shanghai-listed firm added 1.28 percent to 18.17 yuan per share Thursday.

LIMA, Nov. 23 (Xinhua) -- China's top political advisor Jia Qinglin met with the president of Peru's Congress, Luis Alva, here on Monday to discuss bilateral ties.     Jia, chairman of the National Committee of the Chinese People's Political Consultative Conference, said China views Peru, one of the first Latin American nations that recognized the People's Republic of China, as a good friend and partner in the region. Luis Alva (R), president of the Congress of Peru, meets with Jia Qinglin, chairman of the National Committee of the Chinese People's Political Consultative Conference, in Lima, capital of Peru, Nov. 23, 2009He hailed the stable development of bilateral relations since they forged diplomatic ties 38 years ago, especially the fast and all-round development in the new century.     Jia said China and Peru have set up a strategic partnership, signed a free trade agreement, enhanced political mutual trust and mutually beneficial cooperation and carried out fruitful cultural exchanges. The two countries have also coordinated closely on international and regional issues, he added.     China and Peru are facing the common task of boosting economic growth and improving people's living standards, Jia said, noting that deepening their friendly and mutually beneficial cooperation serves the fundamental interests of both countries. Luis Alva (R), president of the Congress of Peru, meets with Jia Qinglin, chairman of the National Committee of the Chinese People's Political Consultative Conference, in Lima, capital of Peru, Nov. 23, 2009Jia proposed that the two countries should further enhance political mutual trust, expand pragmatic cooperation and boost exchanges between political parties, parliaments, local governments, media organizations and non-governmental groups.     He appreciated the efforts by Peruvian legislators in promoting bilateral ties.     The Peruvian Congress passed two bills to express condolences to the Chinese people following the devastating earthquake in southwest China's Sichuan province last year, and it recently passed another bill to extend congratulations on the 60th anniversary of the founding of the People's Republic of China, he said.     "All of these demonstrated the deep friendship between China and Peru, and we appreciate that very much," Jia said.     Alva thanked China for its support to Peru and spoke highly of China's contributions to the world, saying the sound, close relationship between the two nations has benefited the two peoples.     Peru hopes to strengthen its cooperation with China in the high-tech sector and welcomes investment by Chinese companies in the country, he said.     Jia arrived here on Sunday for a two-day visit to Peru. Peru is the second leg of his four-nation tour, which will also take him to Ecuador and Brazil. He has already visited the Philippines.

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URUMQI, Dec. 6 (Xinhua) -- A railway became operational Sunday in west China's Xinjiang Autonomous Region, which is expected to boost the transportation from China to central Asia and Europe, said local railway authorities.     The railway, called Second Urumqi-Jinghe Line, runs 381.5 km and links the region's capital Urumqi and Jinghe county. It has a designed transportation capacity of 67.1 million tonnes, which is expected to grow up to 91.7 million tonnes in the future. With a designed speed of 120 km per hour, the railway cost 2.77 billion yuan, according to a statement from Xinjiang Railway Bureau.     Jinghe is linked to Horgos and Alataw Pass, ports on the China-Kazakhstan border, by two other railways. One starts from Jinghe and ends at Horgos. The other runs from Urumqi through Jinghe to Alataw Pass.     The launch of the new railway would greatly enhance China's transportation capacity to Kazakhstan and further into other countries in central Asia and Europe, the statement said.