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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.

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BEIJING, Nov,17 (Xinhua) -- Chinese President Hu Jintao said here Tuesday that his talks with U.S. President Barack Obama were candid, constructive and fruitful.     At a joint press conference with Obama after the talks, Hu said he had "very good talks" with the U.S. president, and that they made a deep exchange of views on the China-U.S. relationship and major international and regional issues of common concern and reached consensus on many important issues.     Hu said both Obama and he believed that international cooperation needs to be strengthened at a time when the international situation continues profound and complex changes, global challenges keep increasing and interdependence between nations intensifies.     Under the new circumstances, China and the United States have more comprehensive shared interests, and a more extensive prospect for cooperation on a series of major issues involving the peace and development of the humankind, Hu said.     Hu said he and Obama gave positive remarks on the development of the China-U.S. relationship since the inauguration of the new U.S. administration, and they agreed to strengthen dialogue, communication and cooperation from a strategic and far-sighted perspective, and to make joint efforts to build a positive, cooperative and comprehensive China-U.S. relationship, so as to promote world peace, stability and prosperity.

BEIJING, Nov. 17 (Xinhua) -- China and the United States have agreed to continue dialogue and cooperation in macroeconomic and financial policies as the recovery of the global economy remains unsteady, Chinese President Hu Jintao told the press here on Tuesday after his talks with visiting U.S. President Barack Obama.     Hu said he and President Obama exchanged views on the current global financial situation and held that given the positive signs of the recovering global economy, the foundation of it was far from solid.     "We both agreed to properly handle trade frictions between the two countries through negotiations on an equal basis, and to make concerted efforts to boost bilateral trade and economic ties in a healthy and steady way," said Hu.     "I stressed to President Obama that under the current situation, both China and the United States should oppose and resist protectionism in all forms in an even stronger stand," he said.

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SANTIAGO, Nov. 20 (Xinhua) -- China is a dynamo of the world economy and is playing a central role in helping a global economic recovery, said Alicia Barcena, executive secretary of the Economic Commission for the Latin America and the Caribbean (ECLAC), on Friday.     "China is part of the world trade of wheat, rice, soya, sugar and others, playing a very important role in the increase of those product exports. The same happens in the case of the minerals and oil," Barcena told Xinhua in an interview.     He said China is one of the most important market for Latin American and the Caribbean products.     "China is being a blessing for the exports of raw materials from Latin America and the Caribbean. But it is also a great exporter (to the region). So, it competes with the countries of this region, mainly with Mexico and the Central American nations," said Barcena.     Trade between China and Latin America has grown tremendously, he noted.     He said Mexico, for example, is beginning to see China as a partner rather than a competitor.     Mexico has given priority to trade relations with China. As a result, the Asian country is now the fifth largest overseas market for Mexican products.     Meanwhile, South America has also improved ties with China.     "All producers see the opportunity of reaching the Chinese market," said Barcena.

BEIJING, Dec. 21 (Xinhua) -- China proposed on Monday to advance its economic and trade relations with France to a new level by taking the opportunities that may emerge when tackling global challenges including the financial crisis and climate change.     Premier Wen Jiabao made the remarks when meeting with visiting French Prime Minister Francois Fillon, who witnessed an unveiling ceremony of the biggest new energy joint venture between the two countries Monday morning. Chinese Premier Wen Jiabao (L) holds a welcoming ceremony for French Prime Minister Francois Fillon (R) at the Great Hall of the People in Beijing, capital of China, Dec. 21, 2009. "We should take the opportunities of tackling the international financial crisis, climate change, energy security and other global challenges, and change our ways of thinking and deepen cooperation to advance bilateral economic and trade relations to a new level," Wen told Fillon     "We should follow the opening and win-win principles, oppose trade protectionism, and take effective measures to help bilateral trade resume growth at an early date," Wen proposed.     Statistics showed that the China-France trade volume has been falling since the third quarter of 2008, with China's exports to France declining significantly. Chinese Premier Wen Jiabao (R) shakes hands with French Prime Minister Francois Fillon during a welcoming ceremony Wen holds for Fillon at the Great Hall of the People in Beijing, capital of China, Dec. 21, 2009According to China's customs data for the first three quarters of this year, the two countries' trade volume was about 24.6 billion U.S. dollars, down 15.6 percent from the same period last year. It was the first year-on-year decline since 1996.

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URUMQI, Nov. 2 (Xinhua) -- Police in Xinjiang Uygur Autonomous Region, northwest China, has stepped up crackdown on criminal activities to safeguard stability and public security.     The anti-crime action will be carried out across the region from the beginning of November to the end of the year, said a spokesman for the regional public security bureau Monday.     Local police will continue manhunt to nab suspects in connection with the July 5 riot in Urumqi, the regional capital. Meanwhile police will keep a close eye on clues and cases involving terrorism and explosions, said the spokesman.     The strike also targets criminal activities involving infringement of finance and properties and criminal activities threatening public security, the spokesman said.

BEIJING, Dec. 26 -- European fashion retailers are accelerating business expansion in China thanks to the nation's increasing number of fashion-conscious consumers.     Two companies that opened new outlets in China at a rapid pace this year included Sweden's H&M and Spain's Zara, both retailers of clothing and accessories for adults and youth.     H&M is ending this year with a total of 13 new stores, raising the company portfolio in China to 27 outlets, while Zara, opened 33 new stores in China, winding down the year with 60 in total.     "In China, new store openings have more than doubled due to strong domestic consumption, which has not been affected by the global financial downturn," said Wu Shuang, public relations manager of H&M China. Globally, H&M store openings are up between 10 percent and 15 percent in 2009, said Wu.     "More H&M stores will be set up in China next year, especially in the second-tier cities," he said.     H&M, Europe's second largest fast-fashion retailer, entered the Hong Kong and Shanghai markets in 2007 and later expanded its business to second-tier cities like Hangzhou and Ningbo of Zhejiang province.     Back in August, H&M sales in Spain, the US and France were down 11 percent over July sales, the fourth consecutive monthly drop.     In 2008, average sales revenue at H&M stores in the Chinese mainland and Hong Kong was up 23 percent to 59 million yuan, while globally average store sales was 48 million yuan.     "We are expecting favorable sales volume in China this year," said Wu, while declining to elaborate further.     Strong sales numbers were also recorded at Zara, the leading fast-fashion retailer in Europe. "The Chinese market is attractive with its soaring consumer spending power," a Zara promotion executive said on condition of anonymity. Chinese consumers can expect to see more Zara 'fast fashion' stores in the future," he said.     Fast fashion is a term used to describe fashion trends that are manufactured quickly in smaller batches to keep inventories down and allow mainstream consumers to take advantage of current clothing styles at lower prices. This type of quick manufacturing methodology is preferred by large retailers like H&M, Forever 21 and Zara, according to online apparel industry directory, Apparel Search.     This access to the latest clothing styles is popular with white-collar consumers in China.     "I have been waiting for 30 minutes to try on several pieces of clothing, but the wait doesn't matter. I love to get everything here, and the prices are acceptable," said Liu Dan, a woman in her 20s shopping at one of Zara's Beijing stores. Liu, who works in the public relations department at an international company, said she is also a regular patron of H&M in Beijing. Both H&M and Zara stores are often crowded with local consumers, especially on the weekends.

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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.

BEIJING, Nov. 16 (Xinhua) -- U.S. President Barack Obama arrived in Beijing Monday afternoon to continue a four-day state visit to China after meetings with officials and students in Shanghai. Chinese Vice President Xi Jinping greeted him at the airport. U.S. President Barack Obama waves as he steps off Air Force One at the airport in Beijing, capital of China, on Nov. 16, 2009. Obama arrived here Monday afternoon to continue his four-day state visit to ChinaChinese Vice President Xi Jinping walks with U.S. President Barack Obama at the airport in Beijing, capital of China, on Nov. 16, 2009. Obama arrived here Monday afternoon to continue his four-day state visit to China    During his stay in Beijing, Obama is to meet with Chinese leaders and exchange views on bilateral relations and major international and regional issues of common concern. He will also visit the Forbidden City and the Great Wall, two of China's most cherished heritage sites. A child presents a bouquet to U.S. President Barack Obama as Chinese Vice President Xi Jinping gestures at the airport in Beijing, capital of China, on Nov. 16, 2009. Obama arrived here Monday afternoon to continue his four-day state visit to China. Obama arrived in Shanghai Sunday night, the first stop of his maiden trip to China since taking office in January. He met with Shanghai Party chief Yu Zhengsheng and had a dialogue with Chinese youth earlier Monday.     China is one leg of Obama's Asian tour, following his visit to Japan and Singapore. He is slated to leave Beijing for the Republic of Korea Wednesday afternoon. Chinese Vice President Xi Jinping shakes hands with U.S. President Barack Obama at the airport in Beijing, capital of China, on Nov. 16, 2009. Obama arrived here Monday afternoon to continue his four-day state visit to ChinaU.S. President Barack Obama arrives at the airport in Beijing, capital of China, on Nov. 16, 2009. Obama arrived here Monday afternoon to continue his four-day state visit to China

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