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JiXiHeyi 2024-04-28 03:28:12

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BEIJING, Feb. 28 (Xinhua) -- The 11th Panchen Lama Bainqen Erdini Qoigyijabu was among 13 people who on Sunday became new members of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), the country's top advisory body.Their memberships were approved by a meeting of the Standing Committee of the CPPCC National Committee, which closed on Sunday.The three-day meeting also appointed Qian Yunlu as secretary-general for the third session of the 11th CPPCC National Committee and 21 others as vice secretary-generals.  The 11th Panchen Lama Bainqen Erdini Qoigyijabu (front R) attends the 8th National Congress of the China Buddhism Association in Beijing, capital of China, on Feb. 1, 2010.The annual session will begin on March 3.

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GUIYANG, March 14 (Xinhua) -- The death toll from a partial collapse of an unfinished building Sunday in southwest China's Guizhou Province has risen to seven, the rescue headquarters said.A mold supporting structure in the corridor between two halls at the International Conference and Exhibition Center under construction in Guiyang, capital of Guizhou, collapsed at around 11:30 a.m., burying workers working at the area, said a spokesman for the rescue headquarters.Rescuers found 26 workers who were rushed to hospital. Seven of the workers were proclaimed dead shortly upon arrival at hospital, one more seriously injured.Altogether seven remained hospitalized, and another 12 were discharged from hospital after some treatment.The police were investigating the cause of the accident.

BEIJING, Feb. 8 (Xinhua) -- Chinese Vice President Xi Jinping on Monday stressed knowledge of the Scientific Outlook on Development through study of senior leaders' insights into the transformation of the economic growth mode.Xi, a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, made remarks during a meeting on the study and implementation of theory.Xi said various requirements for the transformation of the economic growth mode are of significance to the study and implementation of the theory and the victory in the fight against the financial crisis.Chinese Vice President Xi Jinping (C), also a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, addresses a meeting on further study and implementation of the Scientific Outlook on Development in Beijing, capital of China, Feb. 8, 2010. At a seminar for provincial and ministerial level officials which ran from Feb. 3 to 7, Chinese president Hu Jintao and other senior leaders made speeches on the transformation of the country's economic development mode and its sustainable development.Hu urged the country to enhance its capacity for independent innovation, deepen reform of the system for managing science and technology, and speed up its building of a "grand" pool of innovation-oriented talented people in a bid to give scientific and technological support for the transformation.Xi called on officials to listen to public opinion during their travels during the New Year holiday, and to be on the lookout for problems and to solve them.The CPC launched the Scientific Outlook on Development study campaign in September 2008. It emphasizes the well-being of people and a comprehensive, coordinated and sustainable approach to development.The campaign, scheduled to end late this month, garnered wide participation with more than 75 million CPC members taking part.

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CHICAGO, March 17 (Xinhua) -- A stronger RMB would not be a tonic for the U.S. economy or manufacturing and it would be a huge mistake to raise tariffs on imports from China to force a change in the yuan, says a U.S. trade expert on Tuesday.Daniel Griswold is director of the Center for Trade Policy Studies at the Cato Institute, a non-profit public policy research foundation headquartered in Washington, D.C. He is also the author of a new book, Mad about Trade: Why Main Street America Should Embrace Globalization.The trade expert told Xinhua during an exclusive interview, " China has been moving in the right direction since 2005 by allowing the currency to appreciate. Threats from the U.S. government actually make it more difficult for the Chinese government to resume appreciation because it would look as though Beijing was giving in to foreign pressure."Griswold pointed out that a stronger yuan would not be a tonic for the U.S. economy or manufacturing. "China would remain competitive in a broad range of manufactured products even if the yuan were 25 percent higher. The dollar depreciated sharply against the currencies of Canada and the Eruozone after 2002, yet our bilateral deficit with both those regions continued to grow," he added.New York Times' Nobel laureate economist, Paul Krugman, recommended in his latest column that the U.S. impose a 25 percent tariff on Chinese imports unless China appreciates its currency Renminbi. Griswold considers it a huge mistake to raise tariffs on imports from China to force a change in the yuan.Regarding President Barack Obama's new export push to double the U.S. export in the next five years, Griswold believes this goal will raise false expectations.He noted: "The goal will be difficult to realize. It hasn't been done since the 1970s, and that was driven in large part by inflation. It also depends on robust growth abroad, which is beyond the control of even this president. Faster export growth would be good for the U.S. economy, but it will not put much of a dent in high unemployment."When asked what the U.S. government should do to increase its export, the trade expert advised, "the single best policy to promote exports would be for the U.S. government to set a good example by resisting protectionism in our own market."He further explained, "U.S. companies are currently facing sanctions from Mexico, Brazil and other countries because we have failed to live up to our commitments in the WTO and the North American Free Trade Agreement. We are losing export opportunities abroad because Congress has failed to enact trade agreements with South Korea and Colombia, and the administration has failed to exercise leadership in WTO negotiations."In January the U.S. government data showed that the gap between what Americans sell abroad and what they import narrowed unexpectedly. While the usual crowd hailed it as an "improvement," Griswold believes that the numbers point to the slow growth of demand at home and abroad.He said: "We shouldn't read too much into the monthly trade numbers. The smaller-than-expected trade deficit in January could be a warning sign that the economic recovery remains sluggish. Exports were down, and imports down even further."When commenting on the U.S.-China trade relations, Griswold said, "U.S.-China relations remain fundamentally sound. Our commercial relationship is mutually beneficial and among the most important in the world."He further remarked, "American families benefit from affordable consumer products from China, while U.S. companies benefit from exports to China. And all Americans benefit from lower interest rates from Chinese investment in U.S. Treasury bonds." He noted that "the confrontational attitude of the Obama administration is driven almost entirely by domestic politics."Griswold's new book, Mad about Trade: Why Main Street America Should Embrace Globalization, is a spirited defense of free trade which tells the underreported story of how a more global U.S. economy has created better jobs and higher living standards for American workers.Since joining Cato in 1997, Mr. Griswold has authored major studies on globalization, trade, and immigration. He's written articles for major newspapers, appeared on CNBC, C-SPAN, CNN, PBS, and Fox News, and testified before House and Senate committees.

BEIJING, March 24 (Xinhua)-- China's Ministry of Finance (MOF) announced Wednesday it would issue a batch of ten-year book-entry treasury bonds with a total par value of 26 billion yuan (3.8 billion U.S. dollars) starting on Thursday.The batch is the 7th of its kind the MOF has issued this year. The issue of this batch of T-bonds ends on March 29, according to a statement on the MOF's official website.The bonds would be traded on the interbank bond market and securities bond market from March 31.The bonds have a fixed annual interest rate of 3.36 percent, with the interests to be paid every half year, on March 25 and Sept. 25, respectively, according to the statement.The last interest payments and principals would be paid back together on March 25, 2020, statement said.  Book-entry bonds are the bonds recorded in the investors' securities accounts called book entries. They can be traded on the open market, and their market prices can deviate from par value.

MOSCOW, March 24 (Xinhua) -- The Chinese government will firmly adhere to the policy of developing a strategic partnership of cooperation with Russia, said visiting Chinese Vice President Xi Jinping here on Wednesday.Meeting with Russian President Dmitry Medvedev on Wednesday, Xi said China is ready to continuously enhance mutual political trust and advance pragmatic cooperation with Russia, safeguard the collective interest of both countries, and help promote world peace and stability.Last year witnessed the celebration of the 60th anniversary of diplomatic ties between China and Russia, as well as the hosting of the "Year of Russian language" in China, which brought about new breakthroughs in the Sino-Russian strategic partnership of cooperation, Xi noted. Visiting Chinese Vice President Xi Jinping (R) shakes hands with Russian President Dmitry Medvedev during their meeting in Moscow, Russia, March 24, 2010Despite some impact on bilateral trade by the global economic crisis, the quality of bilateral economic cooperation has improved, with trade structure optimized and significant progress achieved in energy sector cooperation, he added."The close interaction and coordination in international and regional affairs between the two countries, the proper handling of common challenges in the complex international situation, and the efficient collaboration on major global and regional issues have safeguarded our collective interest and played an important role in promoting world peace and development," said Xi.After 60 years of development, the relationship between China and Russia now stands at a new historical starting point, said the Chinese leader.This year the two countries will have frequent high-level exchanges, with their leaders holding a series of bilateral and multilateral talks on several important occasions, he said.He expressed belief that such frequent interactions will definitely help further enhance mutual political trust and consolidate the strategic partnership of cooperation.Medvedev, for his part, thanked his Chinese counterpart Hu Jintao for inviting some 1,000 Russian youngsters to Chinese summer camps this year.Russia was satisfied with the current development of the Russia- China strategic partnership of cooperation, said Medvedev, who also spoke highly of Xi's visit to the frontier regions of Russia and presence at the opening ceremony of the "Year of Chinese Language" in Russia.Xi's visit has demonstrated China's political will to strengthen regional cooperation and cultural exchange with Russia, and will sure help promote the development of bilateral relations, said the Russian leader.Russia hopes to expand cooperation with China under new circumstances, and the two countries should enhance coordination in global and regional affairs, jointly promoting diplomatic solutions to hotspot issues, said Medvedev.Xi, who arrived in Belarus later on Wednesday, is on a 12-day, four-nation tour that will also take him to Finland and Sweden.

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BEIJING, March 20 (Xinhua) -- The appreciation of renminbi, or China's currency yuan, will not help tackle the global economic imbalance, economists said here Saturday.The idea that yuan's appreciation would cure global economic imbalance was not going to happen, Angel Gurria, secretary general of the Organization for Economic Cooperation and Development, said at the China Development Forum 2010.To solve trade imbalance, countries such as the United States and China should seek measures to encourage domestic consumption, improve social well-being and reform pension system, instead of sticking to the exchange rate issue, Gurria said.The exchange rate adjustment, especially between the United States and China, would not help cut the U.S. trade deficit, while one way to tackle the problem is to loose restrictions on high-technology exports to China, Nobel Prize-winning economist Joseph Stiglitz said.Since China overtook Germany to become the world's largest exporter, the country is facing increasing criticism for devaluating the yuan to earn artificial price advantages. Some U.S. senators have recently ratcheted up pressure on yuan appreciation and urged the government to label China as currency manipulator."If the U.S. government names China as a currency manipulator, quite unfortunately, it will hurt the bilateral relations at least in short and medium term," said Li Daokui, director of the Center for China in the World Economy of Tsinghua University."The two countries should be cooperative to solve the problem, while naming China as a currency manipulator will be no help," Li said."After all, it will not be in the interests of the United States, China and the whole world if the two countries' disputes escalate into a trade war," he said.

BEIJING, Feb. 1 (Xinhua) -- The Purchasing Managers' Index (PMI) of China's manufacturing sector stood at 55.8 percent in January, down 0.8 percentage points from the previous month, the China Federation of Logistics and Purchasing said on Monday.

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BEIJING, Feb. 18 (Xinhua) -- The Ministry of Industry and Information Technology (MIIT) has pledged fresh measures to fight offensive content transmitted by mobile phones and websites.China Mobile, China Telecom and China Unicom, the country's three mobile carriers, have been required to examine the quality of their business partners, Thursday's China Daily reported Thursday.The MIIT also asked the Internet service providers to supervise the content of websites and close irregular websites.Operators of pornographic websites had been evading supervision from authorities through technical tactics including frequently switching domain names and IP addresses, the paper quoted a report on PC World's online edition as saying.The authorities will introduce a blacklist and the design of content-filtering technology to help network operators stem obscene content from reappearing.The measures aimed to protect the healthy growth of the next generation and clean the social environment, the MIIT said in statement.

BEIJING, March 6 (Xinhua) -- Foreign scholars and journalists were generally positive in reviewing the government's strategies and outlined the challenges ahead as Chinese Premier Wen Jiabao's government work report delivered Friday caught wide attention across the world.Hong Pingfan, chief of the global economic monitoring center of the UN Department of Economic and Social Affairs, said the year 2009 saw the world mired in the first global economic recession since World War II.It was against this background that China launched a massive fiscal stimulus package as part of its strenuous efforts to tackle the crisis, successfully achieving 8 percent growth for the year, he said."China has not only realized its own economic growth, but also boosted the confidence of other countries to deal with the financial crisis, giving an impetus to the world economic recovery," he added.Marcio Pochmann, director of Brazil's Institute of Applied Economic Research, said China's achievements were closely related to the government's role."Countries that were more able to cope with the crisis and emerge from it were those with an organized government and with public policies adequate to the moment of crisis," he said.The Chinese government responded quickly, adopting favorable macro-economic policies and asking major state-owned banks to inject capital into the domestic market, he said.Japanese research fellow Takashi Sekiyama, from the Tokyo Foundation Policy Research Division, said China's home appliance subsidy programs in rural areas and tax cuts on small cars encouraged consumption.China's stimulus policies contributed to the swift expansion of investment, he said, adding the Chinese economy's vigorous growth had greatly helped the world economy.Belgian-Chinese Chamber of Commerce Chairman Bernard Dewit said it was far-sighted for the Chinese government to announce the acceleration of the transformation of the economic growth pattern. In the long run, China couldn't develop its economy continuously only by exporting low-end products such as T-shirts, he said, adding China had to produce more high-end products with high added value.BBC Chinese Director Li Wen said the Chinese government had to change local officials' views on how to evaluate their achievements in their posts in order to transform the economic growth pattern.The current situation where officials' achievements were mainly linked to GDP and fiscal revenue should be changed so that local officials would not only pursue rapid economic increase, he said.

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