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BEIJING, Nov. 1 (Xinhua) -- In the space of a year, Yang Chanjuan's career plan has changed direction. A soon-to-graduate college student in economics, Yang is feeling her fortunes being buffeted by the financial crisis.     Yang was recently told by her schoolmates already working in the financial sector that their companies would cut staff, or there would no bonus this year. Amid the turmoil and full of uncertainty, a job in banking or securities company was no longer desirable to her. As a result, she decided to apply for a government job. Yang's change in career plan came as the financial crisis is spreading around the world. As it is now beginning to hit the real economy, more and more people, not only those in banks, have lost their jobs.     International Labor Organization (ILO) estimated earlier that the financial crisis would cost 20 million jobs globally by the end of 2009. The ILO said the new projections could prove to be underestimates if the effects of the current economic turmoil are not quickly confronted and plans laid for the looming recession. Migrant workers fill in application forms at a job fair in Chongqing, southwest China on Jan. 1, 2008. International Labor Organization (ILO) estimated earlier that the financial crisis would cost 20 million jobs globally by the end of 2009.    In the birthplace of the crisis, the United States, big companies from Goldman Sachs to Coca Cola, Motorola to Alcoa, have all announced their job cut plans. Economists believed the jobless total could increase by 200,000.     Back to China, unemployment now becomes a concern too. Although with 2-trillion U.S. dollars of foreign reserves, a budget surplus and a controlled capital market, China would suffer limited direct impact from the crisis. However, weakening demand from its major markets, North America and Europe, is now leading China's real economy in the export sectors into a tough situation.     In China's coastal areas, export enterprises are now struggling with soaring labor cost and fewer orders from foreign customers. Many toy factories in South China's Guangdong Province were shut from January to July this year.     Earlier last month, two big factories of a Hong Kong listed toy-maker were shut. As a result, 7,000 workers lost their jobs. Affected by the global financial crisis, the company was suspended from trading thus it faced severe shortage of current funds.     Statistics from the Ministry of Commerce showed that China's export suffered a growth slowdown in the first three quarters compared with the same period last year -- from 27.1 percent to 22.3 percent. The government said the gross domestic product (GDP)growth rate in the first three quarters this year slowed to 9.9 percent - a 2.3 percentage points fall compared with the same period last year.     "The greatest impact is on these labor-intensive, small and medium-sized export enterprises," said Wang Dewen, a labor economist from China Academy of Social Sciences.     These export-oriented enterprises that make China the world's workshop, are mainly small and medium-sized and vulnerable to market changes. These are China's major employers, absorbing 70 percent of the aggregate 20-million new jobs every year.     Wang said that the lower-end labor market, especially the migrant workers who are the biggest source of employees in the export enterprises, would suffer from unemployment. As the crisis is now just beginning to hit the real economy, the whole situation could be worse if there is no countermeasure.     The fear of unemployment is also hovering over other places. College students and white-collar workers are now worried about their future in the open market.

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BEIJING, Oct. 25 (Xinhua) -- The two-day 7th Asia-Europe Meeting (ASEM) was concluded here Saturday with participants reaching consensus on global financial crisis and other issues.     The meeting, attended by leaders and representatives from 45 Asian and European nations and organizations, realized its expected goal and was a great success, Chinese Premier Wen Jiabao said in a closing speech.     As one of the most fruitful achievements, a statement of the 7th ASEM on the international financial situation was adopted at the meeting. The two-day 7th Asia-Europe Meeting (ASEM) was concluded at the Great Hall of the People in Beijing on Oct. 25, 2008.    "Leaders believed that authorities of all countries should demonstrate vision and resolution and take firm, decisive and effective measures in a responsible and timely manner to rise to the challenge of the financial crisis," said the statement.     The international community should continue to strengthen coordination and cooperation and take effective and available economic and financial measures in a comprehensive way to restore market confidence, stabilize global financial markets and promote global economic growth, it said.     According to the document, leaders supported the convening of an international summit on Nov. 15 in the United States to address the current crisis and principles of reform of the international financial system.     The summit also adopted a declaration on sustainable development.     "The adoption of various cooperation proposals shows and proves again the interior impetus for strengthening dialogue at the ASEM and great potential for extending cooperation," Wen said.     Amid the global financial turmoil, the ASEM has been widely regarded as an opportunity for Asian and European leaders to find a solution.     French President Nicholas Sarkozy called the meeting very "helpful" for Asia and Europe to tackle the global financial crisis and build up common cause.     "We had discussed nearly all of the topics concerned by the two continents including the most difficult issues," he said at a press conference at the end of the meeting.     Premier Wen told the press conference the need of confidence, cooperation and responsibility to find a solution to the global financial meltdown.     "We are glad to see that many countries have made their efforts and achieved some results. But it is not enough as we now see it, and more endeavors are needed," said Wen.     All countries, especially developed ones, should take measures as soon as possible to stabilize the financial market and build public confidence, he said.     Financial innovation could help develop the economy, but financial supervision is even more important for the security of the financial system, he added.     The premier also declared that China would actively attend the Nov.15 financial summit.

BEIJING, Jan. 6 (Xinhua) -- China's rural areas have the biggest potential in boosting domestic demand, said Chinese Vice Premier Wang Qishan during visits to the countryside concluded on Tuesday.     China should "especially place priority on tapping the rural market and developing the countryside" when spreading global financial crisis blunted the country's economic growth, said Wang.     He made the remarks when visiting towns, rural stores and farmers in central China's Henan Province on Monday and Tuesday.     More chain stores should be set up in the countryside to facilitate rural consumption, Wang said.     He also urged local officials to well implement policies to subsidize farmers' purchase of home appliances.     Financial institutions should develop more services targeting the need of farmers and rural enterprises, he said.     In its latest effort to boost rural consumption, China has decided to roll out a 13-percent subsidy nationwide for farmers who buy home appliances, starting from Feb. 1.     China has announced a 4 trillion-yuan (586 billion U.S. dollars) fiscal package to stimulate domestic demand.

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KUNMING, Nov. 20 (Xinhua) -- The learning and implementation of the Scientific Outlook on Development among Party members and cadres should be emphasized to boost economic development, said Chinese Vice President Xi Jinping on Thursday during his inspection tour to southwestern Yunnan Province.     Xi said local officials should exercise the Scientific Outlook on Development while facing challenges as a result of the global financial crisis. Chinese Vice President Xi Jinping (2nd R) talks with a woman at a tea garden in the Simao District of Pu'er City, southwest China's Yunnan Province, Nov. 18, 2008. Xi Jinping made an inspection in Yunnan Province on Nov. 17-20"In this way, we can change risks into opportunities," said Xi, member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee.     He urged local governments to implement the central government's policies and make sure to complete this year's economic growth goal.     Xi also asked local officials to pay attention to ecological development and environmental protection while advancing economic growth.

ASTANA, Oct. 29 (Xinhua) -- Chinese Premier Wen Jiabao arrived here Wednesday evening, starting a three-day official visit to Kazakhstan at the invitation of Kazakh Prime Minister Karim Masimov.     Wen is scheduled to attend the 7th prime ministers' meeting of the Shanghai Cooperation Organization (SCO). Chinese Premier Wen Jiabao (R, front) is greeted by Kazakh Prime Minister Karim Masimov upon his arrival at the airport in Astana, capital of Kazakhstan, Oct. 29, 2008. In a written statement upon his arrival at the airport, Wen spoke highly of the sound development of Sino-Kazakh relations since the two countries forged diplomatic ties 16 years ago.     He said his current visit is aimed at promoting mutual understanding and trust between the two peoples, enhancing substantial bilateral cooperation in various fields, and pushing forward the development of the bilateral strategic partnership which was set up in 2005. Chinese Premier Wen Jiabao (R) is presented flowers upon his arrival at the airport in Astana, capital of Kazakhstan, Oct. 29, 2008.During the visit, Wen will have an in-depth exchange of views with Kazakh leaders on bilateral relations and other issues of common concern. He will also discuss the promotion of cooperation within the SCO with his counterparts from other SCO member states.     The Chinese premier also expressed the belief that his visit would be a success given the efforts by both sides. Chinese Premier Wen Jiabao (R, front) is greeted upon his arrival at the airport in Astana, capital of Kazakhstan, Oct. 29, 2008.Kazakhstan is the second leg of Wen's two-nation tour which has already taken him to Russia where he held talks with his Russian counterpart Vladimir Putin at the 13th regular meeting between Chinese and Russian prime ministers, and met with Russian President Dmitri Medvedev and parliament leaders.     Wen and Putin also attended the third Sino-Russian economic and trade forum in Moscow.     The two sides issued a joint communique Tuesday, and signed a series of cooperation agreements in such fields as economy, trade, science and technology, energy and culture.

BEIJING, Nov. 5 (Xinhua) -- Agreements on direct flights and shipping, signed on Tuesday in Taipei, are drawing strong interest from airlines and shipping companies from the mainland and Taiwan.     "Regular charter flights, instead of flights only weekends and festivals, were our long-term expectations," said Liu Shaoyong, the general manager of mainland-based China Southern Airlines. "Direct air routes are very good for our business."     A flight from the mainland to Taiwan via Hong Kong under the current arrangement takes two hours and 42 minutes and burns 16 tonnes of fuel. Under the new arrangement, flights will take 69 minutes and burn 7.3 tonnes of fuel.     "Less travel time and expense benefits both passengers and airlines," Liu said.     Wei Hsing-Hsiung, chairman of the board of Taiwan-based China Airlines, was glad to see the number of passenger charter flights increase from 36 on weekends to 108 a week.     "We have profits of about 1.5 million U.S. dollars from weekend charter flights. The figure is likely to reach 5 million dollars due to more flights, while the cost might fall by 20 percent as the route is shorter," he said.     The new agreement only opened one direct air route, between Shanghai and Taipei. Xiamen, the coastal city in southeastern Fujian Province directly opposite to Taiwan, was not included. Mainland's Association for Relations Across the Taiwan Straits (ARATS) President Chen Yunlin(R) and Taiwan-based Straits Exchange Foundation (SEF) Chairman Chiang Pin-kung attend the symposia on industry and shipping in Taipei, southeast China's Taiwan Province, Nov. 5, 2008. They attended two symposia, one on industry and shipping and the other on finance, that were held against the backdrop of international financial crisis and struggling world economy in Taipei on Wednesday"We are expecting more air routes," said Yang Guanghua, general manager of Xiamen Airlines.     The flight distance between Xiamen and Taipei will be one third shorter than at present and the flying time will be about half, he said.     The two sides said in the agreement that they are going to negotiate another route linking the southern part of Taiwan with the mainland.     To cope with increasing flights, Yang's company plans to use 10more passenger planes next year, he said.     Taiwan's senior economic official Shih Yen-shiang told the local daily China Times on Wednesday that he estimated every direct trip across the Strait could save companies 300,000 New Taiwan dollars (about 9,000 U.S. dollars).     "Based on 4,000 trips a year, 1.2 billion dollars will be saved," he said.     Under the new agreement, the mainland and Taiwan will exempt each other's shipping firms from business and income taxes.     For the container divisions of Taiwan's three leading shipping lines -- Evergreen Marine, Wan Hai Lines and Yang Ming Group -- 60percent could be related to the mainland. Tax cuts will save each 2 to 3 billion NT dollars, another local newspaper, the Commercial Times, said.     Ningbo of eastern Zhejiang Province was one of the 63 ports that the mainland opened to Taiwan ships.     "The most direct effect will be increasing cargo volume," said Tong Mengda, chief economist of Ningbo Port Holding. "The voyage to Taiwan has been cut from 25 hours to ten. This is good for both shipping companies and ports."

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LIMA, Nov. 23 (Xinhua) -- Chinese President Hu Jintao said Sunday that China and Russia should strengthen strategic coordination at a time when the global political and economic structures are undergoing the most profound changes since the end of the Cold War.     Hu made the remarks at a meeting with his Russian counterpart Dmitry Medvedev on the sidelines of the 16th Economic Leaders' Meeting of the Asia-Pacific Economic Cooperation (APEC) forum in Lima, Peru.     China and Russia should make concerted efforts to overcome the impact of the ongoing global financial crisis, maintain the sound momentum of their economic growth, and push ahead with reforms of the international financial system, the Chinese president said. Chinese President Hu Jintao (R) shakes hands with Russian President Dmitry Medvedev during their meeting in Lima, capital of Peru, Nov. 23, 2008.    Hu also called for efforts to earnestly carry out the outline on implementing the Sino-Russian Good-Neighborly Treaty of Friendship and Cooperation.     The two nations should enhance consultation on strategic security, and conduct timely exchanges of views on major international and regional issues and coordinate their positions, Hu said.     On issues related to their core interests, China and Russia should continue to strengthen mutual support and coordination, he added.     Efforts should also be made to combine the development of the Sino-Russian strategic cooperative partnership with market-oriented policies, so as to further promote their pragmatic cooperation in various fields, he said.     As for the Six-Party Talks on the nuclear issue on the Korean Peninsula, Hu urged relevant parties to continue to strengthen coordination and cooperation, push forward the talks and strive for the gradual establishment of a mechanism for peace and security in Northeast Asia.     He expressed China's support for Russia's role as an initiator in the establishment of the mechanism, adding that the two countries should also enhance coordination in promoting regional economic cooperation.     Medvedev said the two countries should strengthen strategic consultation on issues relating to peace and security across the world and in the Asia-Pacific region.     Russia is willing to strengthen consultation and cooperation with China in jointly coping with the global financial crisis, the Russian president said.     The financial departments of the two countries could hold a meeting at an appropriate time to discuss how to implement the results of the financial summit of the G20 held a week ago in Washington and those of the APEC Economic Leaders' Meeting, he said.     On the Six-Party Talks, the Russian president said relevant parties should properly handle their differences and make efforts to push forward the talks and promote peace and security in Northeast Asia.

Jia Qinglin (L), member of the Standing Committee of the Communist Party of China Central Committee Political Bureau and chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), meets with Chairman of Chinese Taiwan's ruling Kuomintang party Wu Poh-hsiung in Shanghai, east China, on Dec. 19, 2008.     SHANGHAI, Dec. 19 (Xinhua) -- China's top political advisor Jia Qinglin met with visiting Kuomintang (KMT) chairman Wu Poh-hsiung and honorary chairman Lien Chan respectively here Friday.     Wu and Lien were here to attend the 4th Cross-Straits Economic, Trade and Cultural Forum, scheduled for December 20 to 21.     The relations across the Taiwan Strait has realized positive interactions with efforts by both sides, by the Communist Party of China (CPC) and KMT, under a principle of building mutual trust, laying aside dispute, seeking consensus and shelving difference, and creating a win-win situation, said Jia.     "We truly hope compatriots from the two sides will join hands and the CPC and KMT will work together to create a new stage of peaceful development across the Strait."     When the international financial crisis affected both sides of the Strait, the mainland and Taiwan should cooperate to face it and find a way out, he said. "We could feel the difficulties Taiwan people are facing now." Jia Qinglin (R), member of the Standing Committee of the Communist Party of China Central Committee Political Bureau and chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), meets with Chairman of Chinese Taiwan's ruling Kuomintang party Wu Poh-hsiung in Shanghai, east China, on Dec. 19, 2008.     The Cross-Straits Economic, Trade and Cultural Forum will be a favorable platform of dialogue for the two sides, he added.     "We are very pleased to see that the cross-Strait dialogue was resumed after a ten-year standstill and direct links of transport, trade and mail services were realized. These achievements are hard won," Wu said.     The meeting between CPC Central Committee General Secretary Hu Jintao and then KMT Chairman Lien was of far reaching significance, he said.     "Once we decided to head for a peaceful development, we will move on instead of backing up," he said. "KMT has the courage to overcome difficulties and persistently push forward the peaceful development of the cross-Strait relations." Jia Qinglin (R), member of the Standing Committee of the Communist Party of China Central Committee Political Bureau and chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), meets with Lien Chan, honorary chairman of Chinese Taiwan's ruling Kuomintang party, in Shanghai, east China, on Dec. 19, 2008.     Lien said he was excited to see the new situation of the cross-Strait relations this year.     The previous three Cross-Straits Economic, Trade and Cultural Forums created a favorable and close environment of dialogue, he said. "At the coming forum, representatives of various walks of life from both sides shall exchange ideas and reach common understanding. This is what people on the both sides expect."

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CHENGDU, Jan. 26 (Xinhua) -- Premier Wen Jiabao extended Lunar New Year greetings on behalf of the government and joined holiday festivities in quake-hit Sichuan Province in southwest China over the weekend.     Wen visited villagers, students, medical workers and police in Beichuan, Deyang and Wenchuan, which were among the worst-hit areas in the 8.0-magnitude quake that struck on May 12.     It was Wen's seventh visit to the province since the quake, which was centered in Wenchuan County. The earthquake left more than 69,000 people dead, 374,000 injured, 18,000 missing and millions homeless.     Wen started with a visit to Wang Chengyi's home on Saturday afternoon. Wang, a middle-aged villager of Qiang nationality, lives in a newly-built Qiang village in Beichuan County. Chinese Premier Wen Jiabao (C) talks to women of Qiang ethnic group at Maoershi Village, Leigu Township of Beichuan County, southwest China's Sichuan Province, Jan. 24, 2009. Wen Jiabao came to the quake-hit counties of Beichuan, Deyang and Wenchuan in Sichuan Province on Jan. 24 and 25, celebrating the Spring Festival with local residents.     He told the premier that his new home was built with more than 20,000 yuan (2,940 U.S. dollars) of government subsidies, 50,000 yuan of interest-free loans and some of his own savings. Chinese Premier Wen Jiabao (R) cooks at a kitchen shared by several families at the prefabs in Yingxiu Township of Wenchuan County, southwest China's Sichuan Province, Jan. 25, 2009. Wen Jiabao came to the quake-hit counties of Beichuan, Deyang and Wenchuan in Sichuan Province on Jan. 24 and 25, celebrating the Spring Festival with local residents "It is like a dream for me to celebrate the Lunar New Year in anew house," he said. Wen wished the family a warm and happy holiday.     The premier then went to the village square to attend the traditional Qiang new year's celebration. "I hope that all the Qiang people will be happy and healthy, and the Qiang culture will thrive forever," Wen told the villagers.     He had dinner at the Beichuan Middle School and encouraged the students to work hard for the future. More than 1,000 of the school's 2,900 students and teachers died in the earthquake.     On Sunday morning, Wen visited new homes in Deyang City's Xinyu Village. He watched a lion dance and played table tennis with villagers.     Wen also visited medical workers at the Deyang City People's Hospital and extended televised greetings to police and firefighters in Sichuan.     At Dongfang Steam Turbine Works, a large state-owned enterprise, he urged employees to have confidence in Dongfang's development in spite of the quake destruction and global financial crisis.     Wen then visited Yingxiu Town in Wenchuan County, the epicenter of the quake. In a community of makeshift houses, Wen went into a kitchen shared by the Wu's and two other families and joined them in preparing dinner for the Spring Festival's Eve. He even cooked a dish of Hui Guo Rou (Sauteed sliced pork with pepper) for them. Chinese Premier Wen Jiabao (2nd L) shares the twice-cooked pork slices he cooked with family members of local resident Wu Zhiyuan, in Yingxiu Township of Wenchuan County, southwest China's Sichuan Province, Jan. 25, 2009. Wen Jiabao came to the quake-hit counties of Beichuan, Deyang and Wenchuan in Sichuan Province on Jan. 24 and 25, celebrating the Spring Festival with local residents. The three families of belong to Tibetans, Qiang and Han nationalities. Wen had the dinner with them and exchanged new year's greetings with them.     "You will spend this Spring Festival in the prefabricated houses. By the next Spring Festival, you would surely have moved into new houses. We will speed up the reconstruction work...so that all the quake-stricken areas will be even more beautiful than they used to be, and the people here will live a even better life," said Wen.

BEIJING, Oct. 21 (Xinhua) -- Chinese President Hu Jintao said the country's trade unions should play an active role in promoting coordinated labor relations on Tuesday.     Addressing a symposium attended by the newly-elected leaders of the All-China Federation of Trade Unions (ACFTU) and representatives of the 15th national congress of the ACFTU, Hu said trade unions should listen to the employees and voice their opinions.     He called on trade unions to earnestly safeguard the legitimate rights and interests of employees and coordinate labor relations to promote social stability.     He added that trade unions need reform and should explore new solutions to deal with problems. Chinese President Hu Jintao (2nd R) and Vice President Xi Jinping (1st R) talk with representatives of the 15th national congress of the All China Federation of Trade Unions (ACFTU) in Beijing, capital of China, on Oct. 21, 2008    Hu said the country should give more resources to trade unions to facilitate innovation, in which the working class should be the driving force.     ACFTU's president Wang Zhaoguo also attended the meeting. He was elected president during the first session of the 15th ACFTU Executive Committee on Monday. It will be his third tenure.     China has the largest number of trade union members in the world, with membership increasing from 123 million in 2003 to 209 million this year.     "China's trade unions should unswervingly stick to building trade unions with Chinese characteristics," Vice President Xi Jinping said at the opening ceremony.     The congress is held every four years. The previous session convened in Beijing in September 2003, with more than 1,600 deputies present.

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