U.S. President Barack Obama meets Chinese youths in Shanghai Visiting U.S. President Barack Obama said today the United States does not seek to contain China's rise and he welcomes China to be a "strong, prosperous and successful member of the community of nations." Obama made the remarks during a dialogue with Chinese youths in China's economic hub Shanghai. He arrived in Shanghai late on Sunday and met city officials this morning. He left Shanghai for Beijing this afternoon. President Obama's half-brother Mark Obama who has been living in Shenzhen for 7 years is expected to meet President Obama whilst in Beijing. When speaking about his brother's visit to China, he seemed very excited.

China Hi-Tech Fair Kicks off in Shenzhen The China Hi-Tech Fair opened at the Shenzhen Convention & Exhibition Center today (16Th Nov). The Guangdong delegation is the largest present at the fair of which 80% of the projects displayed have registered patents. 26 overseas delegations from 17 countries including America, Russia, and South Korea are present at the exhibition, bringing the number to a record high in terms of overseas exhibitors compared with previous sessions. The fair will last until next Monday (Nov. 21st) Transportation Improves For the Asian Games Transportation in Guangzhou is expected to considerably improve within the next year before the 2010 Asian Games. According to the local authorities, several major transportation projects, including the new metro lines, the bus rapid transit (BRT), high speed trains and new highways are all expected to be put into operation before the games begin. Positive FDI data drive Chinese shares 2.7% higher Chinese equities rose by 3% today (Nov 16th) on the newly released growing monthly foreign direct investment (FDI) figures, showing investors' heartened confidence on the revival of the world's fastest-growing economy. The benchmark Shanghai Composite Index increased by nearly 3% to 3,275 points. The Shenzhen Component Index added over 3% to 13,700 points. The amount of foreign direct investment China received climbed for the third consecutive month in October, up 5.7 percent year on year to 7.1 billion U.S. dollars.
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