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BEIJING, Aug. 14 (Xinhua) -- China would cement friendship and cooperation with the Islamic countries based on the Five Principles of Peaceful Co-existence, President Hu Jintao said Friday afternoon.     China and the Islamic countries have long maintained mutual respect and trust and have shown understanding and support to each other on issues concerning the core interest of the other side, Hu told visiting Abu Dhabi's Crown Prince Mohammed bin Zayed al-Nahayan.     Hu said China would like to promote dialogues and exchanges with different cultures and civilizations on the basis of the Five Principles of Peaceful Co-existence. China would cement friendship and cooperation with the Islamic countries based on the Five Principles of Peaceful Co-existence, President Hu Jintao told visiting Abu Dhabi's Crown Prince Mohammed bin Zayedal-Nahayanon, Aug. 14, 2009    Abu Dhabi is the capital of the United Arab Emirates (UAE), which is now China's second largest trading partner and important supplier of energy resources in the Arab world.     China and the UAE have enjoyed political trust, mutual support and reciprocal trade cooperation since they forged diplomatic ties25 years ago, said Hu, adding they have also maintained consultations on international and regional issues.     "We appreciate the UAE government for its adherence to the one-China policy, as well as its support on the Taiwan issue and the issues concerning Tibet and Xinjiang," Hu said.     The president said the two countries were facing new opportunities for furthering relations, and China would work with the UAE to enhance cooperation to benefit the two countries and peoples. Chinese Premier Wen Jiabao meets with Abu Dhabi's Crown Prince Mohammed bin Zayedal-Nahayan, Aug. 14, 2009.Chinese Premier Wen Jiabao also met with the crown prince on Friday.     Wen said common ground has increased between China and the UAE in coping with the global financial crisis, and both sides should take effective measures to expand cooperation in energy, trade, investment and financial fields.     He said China would like to actively consult with the Gulf Cooperation Council (GCC) for early consensus on signing a free trade pact.     The guest, who is making his first China tour since he became crown prince, said the UAE hoped to establish strategic cooperation with China in trade, oil and petrochemical fields.     He said the July 5 riot in Xinjiang was China's internal affairs, and his country supported the Chinese government's efforts to safeguard national unity, security and stability.     Friday evening, Chinese Vice President Xi Jinping and Bin Zayedal-Nahayan witnessed the signing of several cooperative agreements including one on setting up a bilateral political consultation mechanism.     During their hour-long talks, Xi proposed to establish China-UAE strategic partnership in the energy field, and expand cooperation in trade, investment and infrastructure construction.     "China is willing to cooperate with the UAE in gas and petrol exploration and the utilization of recycling energy," Xi said.     He urged the two countries to further consolidate political trust, boost cultural and educational cooperation and facilitate the China-GCC free trade area negotiation.     In response, Bin Zayed al-Nahayan told Xi his country firmly backed every measure China took to safeguard national stability and unity, and was ready to cement trade and energy cooperation with the country.     Xi also thanked the UAE for its firm support on issues concerning China's core interests, and for its aid to China after the 8.0-magnitude quake last year.

BEIJING, Aug. 20 (Xinhua) -- Serbian President Boris Tadic on Thursday pledged to promote economic and trade ties with China, welcoming Chinese investment.     Serbia wanted to maintain high-level political ties with China and enhance economic exchanges and cooperation, said Tadic at a business forum held by the China Council for the Promotion of International Trade (CCPIT). Chinese President Hu Jintao (L) welcomes visiting Serbian President Boris Tadic in Beijing, capital of China, on Aug. 20, 2009Serbia has signed free trade agreements with the European Union, Russia, Belarus, Turkey and the eight countries of South Eastern Europe (SEE), giving Serbia access to a free trade market covering 800 million people, he said.     "The security of foreign investments is guaranteed by the Serbian government," Tadic said.     Chinese telecommunications equipment providers Huawei and ZTE were among the foreign investment successes, he said.     Serbian Deputy Prime Minister Mladjan Dinkic briefed Chinese companies on Serbia's transport facilities, tax and preferential policies for companies in the information, telecommunications and electronics sectors.     "Serbia has noticed the exponential growth and the export potential of Chinese high-tech companies, and especially welcomes Chinese investments from areas of telecommunication, electronic and automobile industries," Dinkic said.     China-Serbia trade volume surged from 9 million U.S. dollars in 1994 to 460 million U.S. dollars last year, said Dong Songgen, vice chairman of the CCPIT.     The participants at the forum were mainly Chinese industries in the energy, construction, finance, medicine, consulting, agriculture and textiles sectors.     Tadic arrived in Beijing early Wednesday for a week-long state visit as a guest of President Hu Jintao. It is the first official visit by a Serbian head of state since Serbia became an independent state in 2006.

BEIJING, Sept. 29 (Xinhua) -- China attaches great importance to U.S. President Barack Obama's visit in November, a senior Chinese official told visiting U.S. Deputy Secretary of State James Steinberg in Beijing Tuesday.     State Councilor Dai Bingguo said China would work with the U.S. to ensure the success of this visit.     Steinberg, who arrived in China Monday, said President Obama was looking forward to his visit, and hoped it would promote U.S.-China relations.     Dai said relations between the two countries had developed vigorously with close exchanges and cooperation since the Obama administration took office.     The two sides should work together for the continuous and steady development of bilateral ties, Dai said.     A key mission of Steinberg's China trip is to prepare for Obama's visit. It is part of the senior U.S. diplomat's week-long tour of Asia, which also takes him to Hanoi, Kuala Lumpur, Seoul and Tokyo.     He said Obama considered his meeting with President Hu Jintao in New York last week had given an impetus to bilateral ties.     Obama's visit would "mark an important milestone in building mutual trust and respect between the people of China and the United States," said a statement from the U.S. Embassy in Beijing late Tuesday on his departure from China.     In a separate meeting with Chinese Vice President Xi Jinping, Steinberg reiterated that the United States would continue with the one-China policy and respect China's sovereignty and territorial integrity, which were considered by the U.S. government the crucial principle in handling bilateral ties.     After expounding China's stance on Taiwan and issues concerning Tibet and Xinjiang, Xi said respect and care for each side's core interests and major concerns was the key to the healthy and steady growth of ties.     Xi called on the U.S. side to handle concerned issues in a "prudent" and "appropriate" way, to safeguard China-U.S. relations.     Steinberg said President Obama had several times stressed the great importance of U.S.-China relations since he took office in January.     The United States hoped to reveal to the world through President Obama's China visit that the two countries were willing to jointly respond to global challenges, including the global financial crisis, terrorism and non-proliferation, he said.     Xi called on joint efforts from both countries to ensure "positive results" from Obama's China tour.     "President Hu Jintao had successful meeting with President Obama in New York last week, in which they reached new important consensus on promoting active, all-round development of bilateral ties," said Xi.     "China is ready to work closely with the United States to implement the important consensus reached by the two heads of state, enhance strategic trust and substantial cooperation in various areas, and properly handle differences and sensitive issues," Xi said. 

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WASHINGTON, Aug. 6 (Xinhua) -- Chinese tire producers, who are facing proposed sanctionative tariffs from the U.S. authorities, appeal for "fair ruling" from the U.S. government, a Chinese tire industry representatives told Xinhua in an interview on Wednesday.     "The proposed sanction against Chinese tire export to the U.S. market will cause a lose-lose situation on both countries," said Mary Xu, deputy secretary general of the China Rubber Industry Association and the leading member of a Chinese tire producers delegation in Washington.     "We have filed much evidence demonstrating that Chinese tire imports do not injure the U.S. tire industry. The restriction of the Chinese tires cannot solve any problem faced by the U.S. tire industry, and further would hurt U.S. tire distributors and consumers," the delegation said in a letter to the U.S. President Barack Obama before a government hearing on this issue on Friday.     The U.S. Steelworkers union, which represents workers at major U.S. tire manufacturers, filed a petition against China earlier this year for import relief and won a favorable ruling from the U.S. International Trade Commission (ITC).     The panel recommended Obama impose a 55 percent tariff on the Chinese tire imports which would be reduced to 45 percent in the second year and 35 percent in the third before being removed.     The steelworkers asked for protection under Section 421 of U.S. trade law, which only requires petitioners to show that imports from China have disrupted the U.S. market.     "Chinese tires are welcomed by the American consumers who believe that our products have good cost performance," Xu said. "Chinese tires are relatively lower ended and mainly for the replacement of tires. The U.S. tire makers do not produce these types of tires. So our tires are complementary, not competitive to the U.S. products."     Xu said that the tariffs will hurt the American consumers and cause job loss as well.     "This case will influence about 100,000 U.S. employees across the country, including tire sellers, distributors, transporters and logistic companies. More than 25,000 American workers may lose their jobs if the sanction is implemented," Xu said.     "And about 100,000 Chinese workers from 20 tire producers will be influenced by the case," she added.     The ITC said it submitted its investigation report to President Obama and the U.S. Trade Representative (USTR) Ron Kirk last month.     The USTR hearing would be the final event in the investigation before Obama rules on the ITC recommendation.     The USTR will submit its remedy recommendation to Obama by September 2. He is required to make a decision within 15 days after receiving it.     Xu said that the tariffs proposal are widely opposed by the U.S. consumers and tire distributors.     In a letter to President Obama, the American Tire Industry Association (TIA) opposed petition to limit imports of Chinese-made tires and said that it will hurt the U.S. economy and consumers.     This case also aroused closely watch of trade protectionism since it is seen as a test case for the Obama administration's trade policy.     The president's decision will tell the world if he believes his own rhetoric about the dangers of protectionism in a weak global economy, The Wall Street Journal said in a report Tuesday.     "Chinese tires have fairly traded in the U.S. for years. I think limiting trade in fairly traded goods is protectionism. It would contradict recent pledges by the United States to avoid protectionism and to work in cooperation with China to promote trade," said Xu.     "We cannot predict the result of the case right now," Xu said. "What we expect is a fair ruling from the U.S. government."

BEIJING, Sept. 26 (Xinhua) -- The Chinese foreign minister on Saturday described President Hu Jintao's trip to the United States to attend four important summits as a significant and far-reaching diplomatic move.     Foreign Minister Yang Jiechi made the remarks while briefing journalists who traveled to New York and Pittsburgh with Hu. Yang said that the four summits in the U.S. that Hu participated in focused on such attention-grabbing issues as the international financial crisis, climate change, non-proliferation and nuclear disarmament.     Those issues have a significant bearing on international relations and on the global situation in the future, Yang said. He said those issues also have a direct bearing on China's long-term development and fundamental interests.     Participating in four summits in as many days was an unprecedented diplomatic move by a Chinese president since the founding of the People's Republic of China in 1949, Yang said. Chinese President Hu Jintao attends the Group of 20 (G20) Financial Summit in Pittsburgh of the U.S., Sept. 25, 2009    He said Hu systematically advanced China's viewpoints and stances on important global and regional issues during the four summits.     Yang highlighted the 64th United Nations General Assembly, which drew more than 140 heads of state and government, and the world body's general debate during which Hu delivered his key-note speech "Join hands to create the future."     The foreign minister quoted Hu as saying that the world is undergoing a hectic period of big development and reform and that it is seeing a stronger trend toward peace, development and cooperation.     Hu pointed out during his U.N. speech that the world's peace and development is faced with serious challenges resulting from instability and uncertainty in the global situation.     The Chinese president urged the international community to cherish the concepts of peace, development, cooperation, win-win and tolerance in their effort to promote a lasting peace, co-prosperity and a harmonious world.     Yang said Hu proposed that the international community view the security issue through a broader view-finder, conduct cooperation with more open hearts, and materialize harmonious co-existence via a more tolerant mentality.     Hu stressed in his speech that China's destiny is increasingly linked with that of the entire world. He said that China will stick to its path of peaceful development, one that leads to mutual benefits and a win-win scenario. He said China also will stick to the five principles of peaceful co-existence while pursuing friendly cooperation with all of the other countries in the world.     China was, is and will remain a strength to be reckoned with in the maintenance of world peace and in the promotion of co-development of the world.     As a responsible big country in the midst of development, China has performed its obligation to the U.N. Millennium Declaration by extending assistance to more than 120 countries. It also has written off debts owed it by 49 heavily indebted countries and least developed countries, and is offering zero-tariff treatment to exports from 40 least developed countries.     China also will beef up its support for the developing countries that have been affected most by the international financial crisis.     Hu said that China will continue its support to the developing nations by speeding up their growth to meet their millennium goals; China will continue to give the assistance promised to African countries during the Sino-Africa Summit; and China will continue to participate and promote the regional monetary and financial cooperation.     Yang, who accompanied Hu to New York and Pittsburgh, said that the world sees the Chinese president's speech at the U.N. as commanding a strategic viewpoint and carrying a far-reaching connotation.     Hu's speech demonstrated that China is playing an irreplaceable role in international and regional affairs as a builder of international systems, Yang said. He said that the international community welcomes China to play an even larger role on the international stage.     At the U.N. non-proliferation and disarmament summit, Hu advanced his statement on the new security concept that China advocates.     It was the first time in the past decade that a Chinese leader elaborated on China's policy toward nuclear issues in person at a multilateral occasion.     Yang quoted Hu as saying that China has always advocated a total ban and total destruction of nuclear weapons. Hu said China will stick to its self-defense nuclear strategy and to its promise not to be the first to ever resort to nuclear weapons under any circumstance.     China has also obliged itself to not threaten nuclear-free countries and regions with the use of nuclear weapons.     Hu told the non-proliferation and disarmament summit that China will continue to promote the process of international nuclear disarmament and to contribute efforts toward the system safeguarding the implementation of the non-proliferation treaty.     This approach, Hu said, has fully demonstrated China's fairness, responsibility and contribution toward the construction of a nuclear-free world, which reflected the legitimate claim by the developing countries, safeguarded the interests of the developing countries and helped to move the non-proliferation and disarmament talks to a more positive direction of development.     Yang described the G-20 summit as an effective platform on which the international community can cooperate in its joint dealings with the ongoing international financial and economic crises to better governance of the global economy.     Hu has participated in all three of the G-20 summits centered on the financial crisis. In Pittsburgh, Hu made it clear that though the world has seen positive economic signs, there is a long way to go before full recovery is achieved because there are many uncertainties remaining.     The Chinese president listed three tasks the international community must deal with without hesitation in face of their efforts to end the recession.     The tasks, Yang re-capped, are to keep stimulating economic growth, to promote reform of the international financial system, and to strike a balanced development of the world economy.     Hu said in Pittsburgh that all of the concerned countries should keep their stimulus plans in place and make more efforts in promoting consumption and domestic demand. He warned that those countries should also keep an eye on any potential side-effects of their efforts, especially concerning inflation.     The developing countries, Hu said, should be given more representation and say in the world's international financial institutions. He said that all of the countries concerned also should make efforts to forge an international mechanism for balanced development of the world economy.     Cooperation in technology should be given high priority so as to help bridge the gap between the developed and developing countries, Hu suggested.     Hu cited China as an obvious example of the packaged stimulus plan in face of the ongoing financial and economic crises. He said that his country would continue to carry out its promised and planned assistance to developing countries, especially those in Africa, and would try within its capacity to increase such assistance.     Hu's viewpoints and proposed measures on international cooperation on financial system won praise from many heads of state and government in Pittsburgh, Yang said.     The foreign minister said that the president based his proposals on safeguarding the fundamental interests of the people in China and around the world and therefore his viewpoints and measures got nods of approval from many of the leaders at the G-20summit.     As the U.N. climate change conference in Copenhagen approaches, Yang said the issue of climate change is attracting greater public attention.     Because China is the largest developing country and an emerging economy, its stand on the issue is closely watched by the international community, Yang said.     "Global climate change has a profound impact on the existence and development of mankind and is a major challenge facing all countries," Hu stressed.     During his speech at the U.N. climate change summit, Hu put forward a four-point proposal on joint efforts to deal with climate change by the international community.     Fulfilling respective responsibilities should be at the core of the effort, Hu said.     Concerned parties should positively implement the "Bali Roadmap" talks according to the requests of the United Nations Convention on Climate Change and the Kyoto protocol, Hu said.     Achieving mutual benefits and a win-win outcome should be the goal of the effort, Hu said.     Supporting developing countries in countering climate change is a responsibility of developed countries and also benefits their long-term interests, Hu said.     "We should realize a win-win outcome for both developed and developing countries, and interests of each state and the whole mankind," he said.     Promoting common development should be the basis of the effort, the president said.     "Without common development, particularly the development of developing countries, there cannot be a broad and solid basis in the long run for tackling climate change," he said.     Ensuring financing and technology holds the key to the success of the effort, Hu noted.     He urged the developed countries to take up their responsibilities and provide developing nations with new financial support to facilitate their dealings with climate change.     Although China faces a lot of difficulties in the course of development, it attaches great importance to climate change and has taken a series of measures to address the issue, Hu said.     The Chinese leader pledged that his country will further integrate actions on climate change into its economic and social development plan.     China will intensify efforts to conserve energy and improve energy efficiency, vigorously develop renewable and nuclear energy and step up efforts to develop a green economy, he said.     As a responsible country, Hu said, China will make the Copenhagen conference achieve positive results.     Hu emphasized the principle of common but differentiated responsibilities, and said that China firmly safeguards the interests of developing countries.     Hu announced significant measures China will adopt on emission reduction, which have been lauded by the international community, Yang said.     Many foreign leaders said Hu's speech hit the high points of current climate change talks, reflected the common aspirations of the developing countries, and showed the image of a responsible and large country, the foreign minister said.     After meeting with dozens of foreign leaders on the sidelines of the U.N. meetings and the G-20 financial summit, Hu reached consensus with them on bilateral relations and joint efforts to deal with the financial crisis, Yang said.     During talks with U.S. President Barack Obama, Hu pointed out that China and the United States should maintain frequent high-level exchanges and implement their pledges made at the first China-U.S. Strategic and Economic Dialogue in Washington in July.     They also should deepen cooperation on major international and regional issues, expand exchanges on humanity, properly address each other's interests and concerns, and firmly oppose protectionism, Hu said.     When meeting with Russian President Dmitry Medvedev, Hu said China attaches great importance to enhancing its strategic partnership of cooperation with Russia. He said China is working to implement the consensus reached between the two sides. Both leaders agreed to further expand exchanges in various fields and deepen the Sino-Russian strategic partnership of cooperation.     Yang said Hu's meeting with Japanese Prime Minister Yukio Hatoyama was the first between the two leaders since Hatoyama was elected prime minister on Sept. 16.     During their talks, Hu said the two sides should enhance high-level exchanges so as to improve political trust, promote trade and economic cooperation, and improve the feelings of their people toward each other in order to consolidate the basis of good public opinion.     Hu said that Japan's war-time history and Taiwan are two major issues concerning the political basis of Sino-Japanese relations. China hopes Japan can live up to its commitment and properly handle the two issues.     When meeting with his French counterpart Nicolas Sarkozy, Hu said China is ready to work with France to review the historical experience of bilateral relations, and promote a healthy and steady development of the comprehensive strategic partnership between the two nations.     Hu also met with South African President Jacob Zuma, South Korean President Lee Myung-bak, President Gurbanguly Berdymukhamedov of Turkmenistan and President Evo Morales of Bolivia on bilateral ties and major issues of common concern.     Yang said China has maintained friendly cooperation with nations in the world, and has forged partnership with many. Frequent high-level exchanges are an important way to boost bilateral ties with other countries.     Yang summed up Hu's attendance at the four summits as a complete success.     China will earnestly implement the consensus reached by Hu at the U.N. summits and expand cooperation with other nations to jointly meet the global challenges so as to contribute to the world's peace, stability and development, he said. 

BEIJING, Sept. 28 (Xinhua) -- China's Ministry of Commerce (MOC) issued a statement late Monday saying it would approve U.S. automaker General Motors Co.'s (GM) plan to buy part of parts supplier Delphi Corp, but set conditions on the deal to avoid restricting competition.     The approval came after an anti-monopoly probe by the MOC into the deal last week and negotiations with the two companies over the deal conditions, aimed to avoid exclusion or restriction of competition, according to the statement.     The conditions include a ban on GM and Delphi exchanging trade secrets on Delphi's other Chinese customers, to prevent GM from getting confidential and competitive information.     Delphi should also maintain the timeliness and quality of supplies indiscriminately to the other domestic automakers, at market prices.     The ministry said it had discussed with the two companies its concerns on competition, and GM and Delphi had come up with solutions.     According to a Dow Jones report Monday night, authorities in the U.S. and E.U. had earlier given their approval for the deal, after Delphi, GM's former parts division, received approval from a U.S. court to sell assets to its lender and GM.     The report said this would clear the way for the auto-parts supplier, which operates 17 wholly-owned entities and joint ventures in China and 21 manufacturing sites, to end its four-year stay in bankruptcy.     Under China's anti-monopoly law, mergers and acquisitions that could impact the domestic market must undergo an anti-monopoly review.

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BEIJING, Aug. 21 -- China Mobile Thursday reported its first drop in net profit since 1999 because of rising competition from rivals China Telecom and China Unicom and its weak 3G performance.    The world's biggest telco posted a net profit of 30.1 billion yuan (US.42 billion) in the second quarter, compared with 30.6 billion yuan a year ago.     Analysts had previously forecast a net profit of 31.4 billion yuan for the period.     "A macro-economic slowdown, a rising mobile communications penetration rate and changes in the competitive environment of the telecommunications industry in China have posed challenges to the development of the business in the first half," China Mobile said in a statement.     In the first six months, China Mobile posted a net profit of 55.3 billion yuan, a 1.4 percent annual growth. Its revenue totaled 212.9 billion yuan, an 8.9 percent rise from a year ago.     China Mobile's monthly average revenue per user, a key index of the industry to monitor a telco's profitability, was 75 yuan in the first half, about 10 percent less than a year ago.     China Mobile added 35.87 million users in the first half to total 493 million by the end of June. The telco had 957,000 3G users since it started a trial 3G service in April.     In the first half, China Mobile took 66 percent of the total new additional mobile users, compared with 85 percent a year ago, due to the "changed competitive landscape," the company said.     "The gap between China Mobile and other rivals will become narrow but it will still dominate the market for about two years," said Wu Wenzhao, a telecommunications analyst of Analysys International.     In January, China issued 3G licenses to China Mobile, China Unicom and China Telecom.

GUANGZHOU, Sept. 15 (Xinhua) -- One person is missing and more than a million residents affected as typhoon Koppu landed in southern China's Guangdong Province Tuesday, local authorities said.     About 1.06 million people in 69 townships in Jiangmen and Yangjiang cities were feeling the effect of the storm at 6 p.m., said Guangdong Flooding and Drought Relief Headquarters. One person in Zhuhai City is missing.     In Shenzhen City, 169 flights were delayed on Tuesday, stranding nearly 10,000 passengers.     The typhoon, the 15th this year, has brought heavy rains to Guangdong.     In Yangjiang City, where the typhoon downgraded into a strong tropical storm, fallen trees and branches could be seen along the roads.     In Sanya City in the southern island province of Hainan, the typhoon brought rain of more than 167 millimeters.     Shipping services across the southern Qiongzhou Strait, which have been suspended since Monday afternoon, were expected to resume Wednesday.     Local experts have warned of flash flooding, with the possible dangers of mudslides and landslides.     Koppu would bring heavy rain to most parts of southwestern Guangxi Zhuang Autonomous Region, Hainan and Guangdong during the next two days, China's central observatory said.

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BEIJING, Oct. 10 (Xinhua) -- Chinese President Hu Jintao met with President Lee Myung-bak of the Republic of Korea (ROK) and Japanese Prime Minister Yukio Hatoyama here on Saturday, who are here to attend the second trilateral leaders' meeting.     Hailing the progress of China's relations with the two countries, Hu said China is ready to make joint efforts with Japan and the ROK to implement consensus, boost healthy development of China-ROK strategic cooperative partnership and China-Japan strategic mutually-beneficial ties.     The substantial cooperation between China and the two countries in various areas had been further expanded, he said.     Hu congratulated the success of the second trilateral leaders' meeting held in Beijing on Saturday, calling on the three nations to seize historical opportunities to further strengthen strategic trust, respect respective major interests and concerns, and make concerted efforts for mutual benefits and common development.     The Chinese president hopes the three countries to facilitate east Asian cooperation and jointly respond to regional hot issues and global challenges to unveil a new chapter for peace, cooperation and development of east Asia. Chinese President Hu Jintao (C) meets with South Korean President Lee Myung-bak (R) and Japanese Prime Minister Yukio Hatoyama, who are here to attend the second trilateral leaders' meeting, at the Diaoyutai State Guesthouse in Beijing, capital of China, on Oct. 10, 2009.    In response, Lee Myung-bak said the three countries had made great achievements in expanding cooperation in the past ten years. "China's economy is now stabilizing and turning for the better, which plays a positive role in promoting economic recovery of the ROK and Japan," he added.     Lee spoke highly of Hu's important speech on the UN climate change summit in New York last month, expressing appreciation over China's contribution to reopening the six-party talks and promoting a nuclear-free Korean Peninsula.     Hatoyama extended congratulations to Hu on the 60th anniversary of the founding of the People's Republic of China, adding he was glad to see China's great achievements.     He told Hu the Japanese government would like to cooperate closely with China to boost bilateral ties in a spirit of drawing lessons from history and facing up to the future.     Hatoyama also expressed satisfaction over the progress of trilateral cooperation, calling on the three sides to respect each other and share successful experience to promote greater achievement of trilateral cooperation.

SHANGHAI, July 30 (Xinhua) -- China would firmly stick to its moderately easy monetary policy and concrete the recovery momentum of the country's economy, said vice governor of China's central bank on Wednesday. Su Ning, Vice Governor of the People's Bank of China (PBOC) made the remarks in a meeting held in the bank's Shanghai-based headquarter, saying a proactive fiscal policy and moderately easy monetary policy were crucial for sustained growth.     Despite an initial economy recovery resulted from the government's stimulus efforts in the first half, the country still faced severe difficulties and challenges from both domestic and abroad.     In the second half, the PBOC would use a set of monetary policy mix to coordinate a "reasonable" credit structure based on market rules, and to ensure more loans to major infrastructure construction and technology innovation, Said Su.     China's economy rebounded to grow 7.9 percent in the second quarter driven by a surge of fixed-asset investment backed by government's 4-trillion-yuan stimulus package on last September.     Chinese banks lent a record 7.37 trillion yuan in the first half to shore up the economy, which sank to 6.1 percent in the first quarter.