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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.

BEIJING, Nov. 20 (Xinhua) -- China-U.S. relationship that by large was entering a period where our focus would be more and more on global issues, said U.S. Ambassador to China Jon Huntsman on Friday.     Huntsman made the remarks at the Forum for America/China Exchange at Stanford (FACES) in Peking University, a top university in China.     "Obama arrived and found what he had hoped for," he said relating to the U.S. President's just concluded China visit after reviewing the bilateral link chronicle.     U.S. and China could strengthen cooperation in areas including military, people to people exchanges, climate change, clean energy and economic crisis, Huntsman told the delegates attending the forum.     He said the U.S.-China relationship was so "large and complicated" that managers of the relations should "take the areas of commonality" and "realize and speak open" about the disagreements.     Huntsman, who once lived in Taiwan and could speak Chinese called Chinese the "21st century language", saying diplomacy is ineffective without "investing a generation of professionals willing to invest their careers in turn in language, culture, regional studies."     FACES, a forum held in Beijing from Nov.15-20, gathered more than forty students from China and the U.S to discuss political, social, economic and cultural issues.

BEIJING, Nov. 20 (Xinhua) -- Chinese Premier Wen Jiabao on Friday congratulated EU's top leaders elected on Thursday, vowing to further boost China-EU all-round strategic partnership.     Wen made the remarks in his meeting with a group of EU diplomats including former French Prime Minister Jean-Pierre Raffarin and Hungary's ex-Prime Minister Peter Medgyessy, who were here to attend a China-EU forum.     The Belgian prime minister was unanimously elected on Thursday as the first full-time EU president and Britain's EU Trade Commissioner Catherine Ashton as EU foreign policy chief.     "As a strategic partner of the EU, China congratulates the leaders elected and feels glad for that," Wen said.     Calling EU as an important pole of the world, Wen said the EU integration would help the 27-nation bloc to play greater role in international affairs.     He called for courage and insight of political figures of both sides, as well as support from various circles of the society to deepen China-EU relations.     "The Chinese government is ready to cement trust and deepen cooperation with EU to promote bilateral all-round strategic partnership," he added.     Some of the EU representatives told Wen both the EU and China shoulder great responsibilities in the world globalization. The two sides should not only properly settle issues in bilateral ties but also jointly respond to major global challenges such as climate change.

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BEIJING, Oct. 26 -- Shanghai has applied to regulators to launch a free exchange between the yuan and the New Taiwan dollar to enhance financial cooperation, the head of the Shanghai Financial Service Office said Sunday.     "With growing trade between Shanghai and Taiwan in recent years, we hope that a free exchange between the yuan and the New Taiwan dollar can be conducted in Shanghai as a trial," said Fang Xinghai at the 6th China International Finance Forum.     "We have applied to the regulators and expect it will be approved soon," Fang said at the two-day forum which ended Sunday.     Shanghai has recently launched a cross-border currency clearing system and Fang expects that it will be extended to Taiwan soon.     By the end of April, Taiwan had invested 5 billion U.S. dollars in more than 6,000 projects in Shanghai, and trade between the two sides totaled 13.68 billion dollars in the first eight months of this year.     Although the two sides must overcome some barriers in financial cooperation, Fang said they can explore possibilities in innovative products, such as exchange-traded funds that enable investors to buy or sell shares in an entire benchmark portfolio.     "The Shanghai Stock Exchange is making efforts to introduce ETFs based on overseas equity indices (and) we can also expect Taiwan and the mainland to introduce ETFs based on each other's index," Fang said.     The two sides can also cooperate in sectors that are not directly supervised by the central government, such as venture capital.     "Taiwan is very successful in the venture capital sector, while the Chinese mainland is still in the first stage. Policies have now been eased so that Taiwan VC firms can set up branches on the mainland," Fang noted.     The Chinese mainland and Taiwan in April sealed a cooperative financial regulatory mechanism.

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. 8 (Xinhua) -- The output value of China's energy saving and environmental protection industry would hit 2.8 trillion yuan (412 billion U.S. dollars) by 2012, said Xie Zhenhua, deputy director of the National Development and Reform Commission on Sunday.     Those sectors have become a new economic growth point and have bright prospects in China, Xie said at the fourth China-Japan Energy-saving and Environment Protection Forum which began Sunday.     He said the government will beef up investment in the construction of resource recycling projects, which will directly boost the industry development.     He noted the government will further reform the pricing system of the resource products.     Enterprises should also enhance innovation to break technological bottleneck notably in the development of clean coal transfer technology and pollutants treatment facilities.     China has been pushing for a national energy saving campaign to address the worsening conflicts between economic growth and environmental deterioration.

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BEIJING, Nov. 26 (Xinhua) -- China will never swerve from its carbon emission cut target despite all pressure and difficulties, said a senior official Thursday evening. Xie Zhenhua, vice minister in charge of the National Development and Reform Commission (NDRC), China's top economic planner, made the remarks at a press conference.     China's State Council, the Cabinet, announced Thursday that the country is going to reduce the intensity of carbon dioxide emissions per unit of GDP in 2020 by 40 to 45 percent compared with the level of 2005.     This is a "voluntary action" taken by the Chinese government "based on our own national conditions" and "is a major contribution to the global effort in tackling climate change," the State Council said.     Vice Foreign Minister He Yafei also attended the press conference. "China made the emission cut target without financial and technological support from developed countries. This is not only for the country's own sustainable development, but also for the benefit of all the mankind," said He.     However, China is still hoping developed countries would take actions as soon as possible, He said, adding that the Bali Road Map has set binding targets and actions on emission cut, investment and technology for developed countries.     China faces huge pressure and special difficulties in controlling greenhouse gas emission, as the country has a large population and relatively low economic development level and is at a critical period to accelerate industrialization and urbanization, Xie said.     "It demands great courage for the government to announce such a target," said Yu Jie, an official in charge of Climate Group's policy and research. The Climate Group is a British-based non-governmental environmental organization.     As a developing country, China still faces various problems in both economic and social development, and it is not easy to make such a commitment, Yu said.     The announcement of China's carbon emission target has broken one of the deadlocks challenging the upcoming Copenhagen summit, she said. It is also an answer to President Hu Jintao's promise at the September United Nations climate summit in New York that China would cut emission intensity by "a notable margin" by 2020 from the 2005 level.     China's target is made after scientific research and calculations, combining the efforts to both tackle climate change and promote social and economic development, said Yao Yufang, professor at the Institute of Quantitative and Technical Economics under the Chinese Academy of Social Sciences (CASS). "Any party that asks China for higher cut is acting unreasonably."     China can and will achieve the target if the country endeavors to improve energy efficiency, promote the development of renewable energy and optimize industrial structure, Yao said.     "The country has set a specific quantitative target far beyond the Bali Road Map demands for developing countries, which reflects China's sincerity to make the Copenhagen summit successful and its commitment to tackle the climate change," said Pan Jiahua, director of the CASS Research Center for Urban Development and Environment.     Li Gao, an NDRC official and a key climate change negotiator representing the Chinese government, said Tuesday: "We will try to make the summit successful and we will not accept that it ends with an empty and so-called political declaration."

BEIJING, Nov. 12 (Xinhua) -- The 2010 World Expo to be held in China is a chance both for the country and the world, said Premier Wen Jiabao at an international forum of the Shanghai Expo held here Thursday.     The forum, with the theme of "collecting global wisdom, jointly creating cities' future," is of great significance to enriching the meaning of the 2010 World Expo and promoting its success, Wen said. Chinese Premier Wen Jiabao addresses the opening ceremony of the 7th World Expo 2010 Shanghai China Forum in Beijing, capital of China, Nov. 12, 2009. The premier said the Chinese expressed the wish to hold the World Expo in the country more than a century ago, but realized the dream only after the founding of New China and 30 years of rapid progress during the reform and opening-up drive.     To be held in the most populous developing nation in the world, the World Expo fully shows its strong vitality, Wen noted. He said China would continue to go all out for the event's preparations. Chinese Premier Wen Jiabao (Back) addresses the opening ceremony of the 7th World Expo 2010 Shanghai China Forum in Beijing, capital of China, Nov. 12, 2009Wen also briefed on China's reaction on the global financial crisis and current economic situation.     China has been active and responsible in coping with the global economic recession by earnestly dealing with its own business and comprehensively participating in international cooperation, Wen said.     China has always been paying great attention to comprehensive, coordinated and sustainable development and sticking to the expansion of domestic demand, especially consumption, as a foothold during the process of economic stimulus, Wen said. Chinese Premier Wen Jiabao (R) talks with Vicente Loscertales (C), secretary general of the International Expositions Bureau, and Jean-Pierre Lafon, president of the International Expositions Bureau, after the opening ceremony of the 7th World Expo 2010 Shanghai China Forum in Beijing, capital of China, Nov. 12, 2009Facts show China's stimulus package is "timely, strong and effective," Wen said.     China will strike an appropriate balance between maintaining economic growth, restructuring the economy and managing the inflation expectations, Wen said.     China will continue to implement active fiscal policy and moderately loose monetary policy amid the mounting evidence of consolidated economic recovery, Wen said.     Chinese government unveiled a 4-trillion yuan (586 billion U.S. dollars) stimulus package a year ago and industry stimulus and restructuring plans earlier this year for 10 sectors.

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BEIJING, Nov. 20 (Xinhua) -- Chinese Premier Wen Jiabao on Friday congratulated EU's top leaders elected on Thursday, vowing to further boost China-EU all-round strategic partnership.     Wen made the remarks in his meeting with a group of EU diplomats including former French Prime Minister Jean-Pierre Raffarin and Hungary's ex-Prime Minister Peter Medgyessy, who were here to attend a China-EU forum.     The Belgian prime minister was unanimously elected on Thursday as the first full-time EU president and Britain's EU Trade Commissioner Catherine Ashton as EU foreign policy chief.     "As a strategic partner of the EU, China congratulates the leaders elected and feels glad for that," Wen said.     Calling EU as an important pole of the world, Wen said the EU integration would help the 27-nation bloc to play greater role in international affairs.     He called for courage and insight of political figures of both sides, as well as support from various circles of the society to deepen China-EU relations.     "The Chinese government is ready to cement trust and deepen cooperation with EU to promote bilateral all-round strategic partnership," he added.     Some of the EU representatives told Wen both the EU and China shoulder great responsibilities in the world globalization. The two sides should not only properly settle issues in bilateral ties but also jointly respond to major global challenges such as climate change.

BEIJING, Nov. 4 -- China's increasingly voracious investment in overseas markets is helping the global economy - and especially the economies of developing countries - recover from the financial crisis, according to several speakers at the First China Overseas Investment Fair Tuesday.     Chinese officials urged foreign countries to make it easier for that investment to continue to flow by creating a "convenient and fair" environment for Chinese investors.     Outbound investment from China in overseas markets has grown significantly recently, at the same time as investment from traditional big spenders, including the United States and European countries, has slowed.     "China is stepping up its overseas efforts, despite the economic recession worldwide," said Zhang Xiaoqiang, vice-director of the National Development and Reform Commission. "Many of China's companies are active investors."     China's overseas direct investment rose 190 percent year-on-year in the third quarter, bringing the total investment for the first nine months to 32.87 bln U.S. dollars, the Ministry of Commerce announced recently.     That growth has been a blessing for many countries recently, Zhang said.     Jon Huntsman, the US ambassador to China, agreed, saying China's investment was "important in improving and stimulating the world economy".     Huntsman said the US has benefited from the investments of other nations. Between 2003 and 2008, countries invested more than 325 billion dollars in some 4,300 projects in the US.     Huntsman said China was "one of the nations with the fastest growing investment in the US" with an annual growth rate in investment volume of 30 percent throughout the 2004-to-2008 period.     "China is a leading nation in stimulating the revival of developing economies by way of investment," said Taffere Tesfachew, chief of the Office of the Secretary-General under the United Nations Conference on Trade and Development (UNCTAD).     Statistics from UNCTAD shows that in 2008, investment flowing out of the US declined by 18 percent to 312 billion. Flows from EU nations plunged by 30 percent to 837 billion. But emerging economies, and China in particular, increased overseas investment, Tesfachew told China Daily.     Nations and regional areas throughout "Africa and Asia could benefit a lot from it," he added.     F. Marcelle Gairy, Grenada's ambassador to China, said: "We have great sunshine to grow plants and many other advantageous sectors to tap. China has good technology to realize our dreams."     "It is win-win investment," she said.     "China's technology is cheaper, innovative and very useful," added Mifzal Ahmed, advisor on investments for the Maldives' Ministry of Economic Development.     While the UNCTAD forecasts investment outflows from Asia will slow this year, the organization believes the region will still outperform the rest of the world.     "Outflows from China and India are the most noteworthy," said Tesfachew.