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BEIJING, Jan. 10 -- Shanghai has set a GDP growth rate target for the year of more than 8 percent, almost the same as 2009's economic development rate.     Party Secretary Yu Zhengsheng yesterday announced the target at a one-day session of the Shanghai Committee of the Communist Party of China.     He added the growth rate of value-added output from the service industry should be much higher than the GDP rate.     The city didn't set a higher GDP goal because it wanted to put more effort into restructuring the economy than simply seeking more GDP growth, Yu told the meeting.     The city's GDP growth was estimated to be more than 8 percent last year, a little lower than the average national level. Total retail sales of consumer goods rose by about 14 percent and growth of fixed assets investment was around 10 percent in 2009.     Yu said the targeted rate was a suitable development speed for Shanghai, which was hit by the global financial crisis during its economic restructure transition.     He told the session that the World Expo 2010 Shanghai was the most important task for the government this year.     It requires not only coordination of all districts and departments but also active participation and devotion by citizens, he said.     "We should spare no efforts to ensure a successful, wonderful and unforgettable Expo," he said.     "We should make full use of the opportunity to stimulate investment and consumption, enhance friendly cooperation with the world and build a city with international influence."     Yu emphasized the importance of security during Expo. He requested government officials to strengthen anti-terrorism efforts, guarantee food and drug safety and quality, and keep monitoring and preventing public health events, such as outbursts of swine flu.     To enhance transport during Expo, the government will continue a series of infrastructure works. More Metro lines and cross-river projects will be completed this year.     Construction of the Bund, Shanghai-Nanjing inter-city railway and the Hongqiao transport hub are planned to be finished this year.     Yu stressed that government officials should consider people's interests at all time and listen to their advices. He said the government should reduce impact on life during Expo as much as possible.     Also, Yu said regulation and control in the real estate market will be improved to help it develop in a healthy and sustainable way. And 500,000 new jobs will be created to keep the unemployment rate around 4.5 percent.

BEIJING, Nov. 13 (Xinhua) -- China's top political advisor Jia Qinglin on Friday attended a gathering marking the 60th anniversary of the founding of the Beijing Municipal Committee of the Chinese People's Political Consultative Conference (CPPCC).Photo taken on Nov. 13, 2009 shows a conference to celebrate the 60th anniversary of the founding of the Beijing Municipal Committee of the Chinese People's Political Consultative Conference (CPPCC) is held in BeijingThe municipal committee was the first local CPPCC committee in the country. It has made great contributions to the capital's economic development and modernization drive in the past 60 years.

SHANGHAI, Nov. 16 (Xinhua) -- Visiting U.S. President Barack Obama said Monday that different countries should learn from each other to diversify cultures in the world.     "Each country in this interconnecting world has its own culture, its own history, and its own traditions," Obama said during a dialogue with Chinese students in the Shanghai Science and Technology Museum.     "It is very important for the United States not to assume what is good for us is automatically good for somebody else," he said when responding to a question raised by a Shanghai college student about how to promote cultural exchanges between different countries. U.S. President Barack Obama gestures as he delivers a speech at a dialogue with Chinese youth at the Shanghai Science and Technology Museum during his four-day state visit to China, Nov. 16, 2009    Obama said one of the U.S. strengths is the country has a very diverse culture, and has people coming from all around the world. "There is no one definition of what America looks like," he added.     He cited his family as an example of diverse cultures, saying the family is like "the United Nations" as his father was from Kenya, his mother from Kansas of the U.S. Midwest, while his sister was a half-Indonesian married to "a Chinese person from Canada."     Obama flew into Shanghai from Singapore on Sunday night to kickoff his four-day visit to China, his first trip to the Asian country since taking office in January.     Later Monday, he will fly to Beijing, where he will hold talks with Chinese President Hu Jintao and meet with other Chinese leaders.

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CHENGDU, Jan. 6 (Xinhua) -- A senior Chinese official here Wednesday stressed the importance of solving minor disputes through mediation rather than letting them get worse.     Zhou Yongkang, a Standing Committee member of the Political Bureau of the Communist Party of China (CPC) Central Committee, made the remarks during a visit to southwest China's Sichuan Province. Zhou Yongkang (L), a member of the Standing Committee of the Political Bureau of the Central Committee of the Communist Party of China(CPC), talks with a local woman during his visit to Yangping Village of Chengdu, capital of southwest China's Sichuan Province, Jan. 5, 2010Zhou praised the province's mediation system that was being implemented at province, city, county and village levels.     He urged local governments to set up mediation services wherever they were needed.     During a visit to the people's court in the Dujiangyan City, Zhou stressed that civil servants and legal professionals should work in a just manner and be morally upright. Zhou Yongkang (front R), a member of the Standing Committee of the Political Bureau of the Central Committee of the Communist Party of China(CPC), visits a local resident's home in Chengdu, capital of southwest China's Sichuan Province, Jan. 5, 2010. Zhou Yongkang made an inspection tour in Sichuan Province on Jan. 2-6He called upon political and legal departments at all levels to constantly improve their credentials, ensuring equity and justice.     In addition, Zhou urged local governments to serve and manage migrant groups well and solve any outstanding security issues.

BEIJING, Dec. 4 (Xinhua) -- Chinese Vice Premier Wang Qishan met here Friday with his Uzbekistan counterpart Elyar Ganiev, pledging to promote the healthy and sustainable development of economic and trade ties.     Wang conveyed congratulation on the success of the eighth session of the China-Uzbekistan Economic and Trade Cooperation Committee.     He said since the two countries forged diplomatic ties, high-level exchanges were frequent and the cooperation in such areas as economic and trade, energy and security were ever expanding. Chinese Vice Premier Wang Qishan (R) meets with his Uzbekistani counterpart Elyar Ganiev in Beijing, capital of China, Dec. 4, 2009    He called on governments of both sides to actively create conditions for exchanges and cooperation between entrepreneurs and people of various walks of life of the two countries and strengthen energy resource cooperation as well as cooperation outside the resource field.     Ganiev spoke positively of the development of Sino-Uzbek relations. He said Uzbekistan was willing to further enhance cooperation with China in various areas.

TAIPEI, Nov. 9 (Xinhua) -- The Kuomintang (KMT) honorary chairman Wu Poh-hsiung Monday said the peaceful cross-Straits development was the "right path", while meeting here with Liang Baohua, secretary of Jiangsu Provincial Committee of the Communist Party of China (CPC).     "Practice is sole criterion for testing truth. The development of cross-Straits ties over the past year has made me strongly feel that it is the right path to seek peaceful development," Wu said. Wu Poh-hsiung (Center Right), honorary chairman of the Kuomintang, meets with Liang Baohua (Center Left), secretary of Jiangsu Provincial Committee of the Communist Party of China (CPC) in Taipei, east China's Taiwan Province, Nov. 9, 2009.Wu made the remarks in a meeting with Liang, who heads a delegation arriving in Taiwan on Monday afternoon for a six-day tour of exchange and cooperation.     Invited by the Kuomintang (KMT) Central Committee, Liang was the first chief of a CPC provincial committee to visit Taiwan.     Wu mentioned the mutual care between Taiwan and the Chinese mainland after the Sichuan earthquake last year and the typhoon Morakot in Taiwan this year.     Liang said the visit itself was a reflection of peaceful cross-Straits development.     "Jiangsu is among the regions on the mainland that have closest exchanges and cooperation with Taiwan. Our visit is to implement the common prospects for peaceful cross-Straits development with pragmatic measures," Liang said.     The CPC and KMT reached an agreement on the common prospects for peaceful cross-Straits development in 2005.

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BEIJING, Nov. 12 (Xinhua) -- China would not let the yuan gain against the U.S. dollar in the short term, experts said here Thursday when commenting on the latest quarterly report of China's central bank.     People's Bank of China (PBOC), the central bank, said Wednesday in its quarterly report of monetary policy, for the first time, that the bank would improve the mechanism of the exchange rate determination "based on international capital flows and movements in major currencies".     "The new wording showed that China would reduce speculation and strengthen risk control in the future, but it did not necessarily suggest a change in the yuan's exchange rate policy," said Tan Yaling, an expert with the China Institute for Financial Derivatives at Peking University.     "The future mechanism would reflect China's own concerns and status," she said.     China's foreign exchange reserves surged to a record 2.27 trillion U.S. dollars as of the third quarter of 2009, up 19.26 percent year on year, PBOC reported in September.     According to Yin Jianfeng, a researcher with the Chinese Academy of Social Sciences (CASS), a government think tank, it is natural for the central bank to pay more attention to increasing international capital inflows.     "Excessive liquidities are pouring into China as the country is witnessing rapid recovery while the economic condition is still weak in the western world," he said.     Zuo Xiaolei, chief economist with Galaxy Securities, said the central bank's report indicated the government had raised concerns that such inflows would put China under huge external pressure for yuan appreciation.     Zuo predicted that as the U.S. dollar depreciates further, excessive liquidity will be a global issue in future, which would in turn pull up China's foreign reserve to a new level.     China has been facing calls to let its own currency gain against the dollar since it recovered quickly from the financial crisis, especially after it reported the positive economic data of last month, however, experts had expressed different opinions.     "Sudden upward movement in the yuan would slow China's economic growth when the country's exports just showed signs of recovery, "Tan said, "All in all, the exchange rate policy should not be subjected to other countries but serve our own economy."     Also, the pace of yuan's appreciation should be determined not only by the foreign trade surplus, according to Zuo Xiaolei.     The balance of China's internal development should also be taken into consideration, including the massive stimulus package and the accumulated liabilities of local governments, she said.     China's exports slid 13.8 percent year on year to 110.76 billion U.S. dollars in October, said the National Bureau of Statistics Wednesday. The decline rate was 1.4 percentage points lower than that of September.

SHIJIAZHUANG, Nov. 12 (Xinhua) -- Chinese Premier Wen Jiabao went to the snow-ravaged Shijiazhuang City, capital of north China's Hebei Province, by train on Thursday afternoon to oversee relief work.     In a work conference held while on the train from Beijing to Shijiazhuang, the Premier urged authorities to put people's livelihood as top priority when dealing with the snow and blizzards. Chinese Premier Wen Jiabao (R) speaks during a meeting held on the train as he travels to Shijiazhuang, capital of north China's Hebei Province, Nov. 12, 2009. Chinese Premier Wen Jiabao went to snow-ravaged Shijiazhuang on Thursday afternoon to oversee relief work.Noting that China was in a critical phase to deal with the global financial crisis and the A/H1N1 influenza, Wen called for stepped-up efforts to mitigate negative impacts the blizzards imposed on people's lives.     Authorities should ensure the supply of heating, gas, water, power and other necessities to the public, ease traffic jams in the cities, and strengthen monitoring and control over commodity prices in order to safeguard people's livelihood, he said. Chinese Premier Wen Jiabao (front) inspects the disaster situation at a border section between Hebei and Shanxi provinces on the Shijiazhuang-Taiyuan expressway, in north China's Hebei Province, Nov. 12, 2009They must also ensure supply of coal, power and fuel for production purposes, he said, adding that regions that had not been affected by the snow and blizzards so far should also make preparations for possible bad weather.     Local government should perfect their emergency plans in accordance with the changing weather conditions, and ensure proper implementation of the plans at grassroot levels.     He urged relevant authorities to cooperate with each other and do a better job when making weather forecasts. Chinese Premier Wen Jiabao (L, front) shakes hands with a worker during his inspection in Xijiao Heating Co. Ltd. in Shijiazhuang, capital of north China's Hebei Province, Nov. 12, 2009.Upon arrival in Shijiazhuang, Wen visited passengers in the waiting room of the city's railway station.     He also went to a border section of the Shijiazhuang-Taiyuan expressway between Hebei and Shanxi provinces to visit stranded passengers on the Shijiazhuang-Taiyuan expressway and to inspect the disaster situation.     The premier asked local authorities to provide food and water to the stranded passengers, and to make sure the expressway resume function as soon as possible. Chinese Premier Wen Jiabao gets on a stranded truck at a border section between Hebei and Shanxi provinces on the Shijiazhuang-Taiyuan expressway, in north China's Hebei Province, Nov. 12, 2009

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BEIJING, Nov. 17 (Xinhua) -- Chinese President Hu Jintao said here on Tuesday that both China and the United States appreciated the major role of the G20 summit in coping with the global financial crisis.     Speaking to the press after talks with visiting U.S. President Barack Obama, Hu said he and Obama spoke highly of the significant roles played by the G20 summit.     "China and the United States would work together with all other members to fully carry out the commitments of all G20 summits and continuously strengthen the role of G20 in the management of the global economy, while pushing forward the international financial system reform and increasing the voices of developing countries on the global financial arena by ensuring that they are better represented," Hu said.

BEIJING, Nov. 20 (Xinhua) -- Profits of China's state-owned enterprises (SOEs) administered by the central government more than doubled in October from a year ago after months of declines, a senior official said here on Friday.     The 132 central SOEs reaped a profit of 79.5 billion yuan (11.64 billion U.S. dollars) in October, up 151 percent year on year, said Huang Shuhe, deputy director of the State-owed Assets Supervision and Administration Commission (SASAC) at the 2009 Annual CEO Forum.     In October, revenues surged by 22 percent from a year ago to nearly 1.16 trillion yuan, Huang said.     Their profits during Jan-Oct was 633.8 billion yuan, while revenues amounted to 9.83 trillion yuan during the same period.     Huang also noted 24 central SOEs had entered the rank of Fortune 500 companies.     "China's companies still face difficulties and great challenges due to roaring raw material prices, huge environmental pressure and rampant protectionism triggered by the financial crisis," he said.     He said the companies should further enhance independent innovation, improve corporate governance and accelerate the pace of "go global" to compete with foreign brands.