BEIJING, March 20 (Xinhua) -- Chinese Vice President Xi Jinping left here Saturday morning for an official visit to Russia, Belarus, Finland and Sweden.Xi, who is also a member of the Standing Committee of the Communist Party of China (CPC) Central Committee Political Bureau, will attend the inauguration of the Year of Chinese Language in Russia, according to the Chinese Foreign Ministry.Xi makes the trip from March 20 to 30, as guest of Russian Prime Minister Vladimir Putin, who is also chairman of the United Russian, Belarusian President Alexander Kukashenko, Finnish President Tarja Halonen and Swedish Prime Minister Fredrik Reinfeldt.Xi's entourage include senior officials from the International Department of the CPC Central Committee, Ministry of Education, Foreign Ministry, National Development and Reform Commission, China Development Bank, Ministry of Commerce, Policy Research Office of the CPC Central Committee.
BEIJING, Jan. 21 (Xinhua) -- A senior official with China's central bank Wednesday called on lenders to balance their lending this year and to avoid abrupt loan fluctuations.The People's Bank of China (PBOC) will continue to optimize the lending structure and properly manage the pace of credit growth while ensuring sufficient loans for economic recovery, said Zhang Tao, head of the bank's financial survey and statistics department.The PBOC will continue its moderately loose monetary policy this year, he added.Premier Wen Jiabao on Tuesday urged the government to optimize credit structure and maintain a proper pace of credit supply to guard against financial risks.China's top banking regulator Liu Mingkang told the Asia Financial Forum held in Hong Kong Wednesday that China's overall credit growth will be scaled down to 7.5 trillion yuan (1.1 trillion U.S.dollars) in 2010, compared with last year's lending spree of 9.59 trillion yuan.To help soak up extra cash flow, the central bank raised the reserve requirements on banks by 0.5 percentage points on Monday, the first increase in 18 months, which analysts forecast would help freeze 250 billion yuan of liquidity.
DHAKA, March 14 (Xinhua) -- Bangladesh attaches great importance to Prime Minister Sheikh Hasina's upcoming visit to China, Foreign Minister Dipu Moni said here on Sunday."We attach great importance to prime minister's visit to China as Bangladesh and China are trusted friends. We have cordial and friendly relations," Moni said.Briefing reporters on the visit, Moni said that after the new government assumed power in January 2009, the Chinese government sent a special representative to Prime Minister Sheikh Hasina and expressed strong desire to work together.Moni said Bangladesh also wants to strengthen bilateral ties and cooperation with China .On the sidelines of the world climate change conference in Copenhagen last year, Hasina had meeting with Chinese Premier Wen Jiabao and discussed bilateral issues of mutual interest.The foreign minister said apart from Sheikh Hasina's visit, a number of cultural exchange programs will take place this year marking the 35th anniversary of establishment of diplomatic relations between Dhaka and Beijing.
BEIJING, Jan. 31 (Xinhua) -- A senior official of the Communist Party of China (CPC) Sunday called on organizers of the Shanghai World Expo to provide convenient services to all Chinese and foreign reporters with a more open stance, in order to let the world know better about China and the international event."The 2010 Expo is also a grant gathering of world media," said Liu Yunshan, head of the Publicity Department of the CPC Central Committee."Organizers should do well the media service job with a more open stance, welcome reporters with open arms, make considerate arrangements, provide various news resources in a timely manner and offer convenient and professional services to Chinese and foreign reporters covering the event," Liu said when inspecting the Expo's publicity work in Shanghai.Liu Yunshan (2nd R, front), head of the Publicity Department of the Communist Party of China (CPC) Central Committee, inspects the Shanghai World Expo Park in east China's Shanghai Municipality, Jan. 30, 2010. Liu Yunshan inspected the Shanghai World Expo News Center, International Broadcast Center and the Expo Park in Shanghai on SaturdayThe 2010 World Expo will be held from May 1 to Oct. 31 this year, and is expected to attract a record 70 million visitors as well as 30,000 reporters from home and abroad.So far, close to 9,000 reporters have applied to cover the event, according to Yang Zhenwu, publicity chief of the CPC Shanghai municipal committee."The Shanghai Expo is another international event held by China after the Beijing Olympics in 2008," Liu said, adding that media and publicity work is of crucial importance to the success of the Expo.New media such as the Internet and mobile phones should also be employed in the publicity work of the event, he noted.Liu also stressed that news media should provide all-round information about the Shanghai World Expo to the public.|Liu Yunshan (1st R), head of the Publicity Department of the Communist Party of China (CPC) Central Committee, inspects the Shanghai World Expo Park in east China's Shanghai Municipality, Jan. 30, 2010. Liu Yunshan inspected the Shanghai World Expo News Center, International Broadcast Center and the Expo Park in Shanghai on Saturday
PORT-AU-PRINCE, Jan. 14 (Xinhua) -- A wood board improvised as a table with all medicine on it -- this is a "mobile hospital" the Chinese rescue team was able to set up to treat those injured in Haiti's capital city Port-au-Prince after the 7.0-magnitude earthquake hit the impoverished Caribbean country on Tuesday. A large number of injured Haitians have stood in line waiting to be treated by the Chinese doctors on the plaza in front of the quake-affected Prime Minister's Office building. Members of a Chinese emergency rescue team inspect the collapsed building of the headquarters of the UN Stabilization Mission in Port-au-Prince, Haiti, Jan. 14, 2010. The Chinese emergency rescue team arrived in Haiti's capital Port-au-Prince early Thursday local time, to help the rescue operation after an earthquake in which up to 100,000 people are feared dead and eight Chinese are still missing. Five patients at a time were carried to the humble "mobile hospital" by volunteers. Most of them suffered physical traumas and the long-time exposed wounds were infected in many of the cases, Hou Shike, chief doctor of the rescue team told Xinhua on Thursday. The Chinese doctors expressed their sorrow for the lack of medication supplies in Haiti, a country believed to be the poorest of the western hemisphere. "Doctors and medicine are of great need here," Hou said in a painful tone. With each "Merci (Thank you)" from a cured patient, the medicine that the rescuer brought from China becomes less. "Now we see the patients are still able to move. But when the infection gets worse, the consequences will be critical," Hou said, apparently worried. "I hope there are more rescue teams joining us," he said. China's rescue team arrived in Port-au-Prince on early Thursday morning, with 50 members of the International Rescue Team of China, three rescuer dogs and more than 20 tons of equipment and humanitarian aid. The Chinese government officials from the Foreign Ministry and Public Security Ministry and media also arrived on a chartered plane. Members of a Chinese emergency rescue team inspect the collapsed building of the headquarters of the UN Stabilization Mission in Port-au-Prince, Haiti, Jan. 14, 2010. The Chinese emergency rescue team arrived in Haiti's capital Port-au-Prince early Thursday local time, to help the rescue operation after an earthquake in which up to 100,000 people are feared dead and eight Chinese are still missing. An earthquake of 7.0 magnitude struck Haiti on Tuesday, destroying buildings and basic infrastructures, leaving thousands of people dead and millions affected, including the United Nations' Stabilization Mission in Haiti (MINUSTAH). It was announced Thursday that a total of four police, 19 soldiers and 13 civilian staff members with the UN mission have died and hundreds of UN personnel unaccounted for. According to United Nations' statistics, 70 percent of Haiti's population lives in poverty and half of its 8.5 million people are unemployed. The Food and Agriculture Organization has designated Haiti as one of the world's most economically vulnerable countries.
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.
西安排名优化
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, Feb. 4 (Xinhua) -- Centralized procurement by the Chinese government has helped save close to 2 billion yuan (about 290 million U.S. dollars) in 2009, an official said here Thursday.The Chinese government spent more than 14.7 billion yuan in government procurement last year, Chen Jianming, director with the government procurement center said during a work conference held in Beijing.The figure was 1.8 billion yuan more than in 2008, he said.Chen noted that Chinese government departments had made "remarkable" progress in reducing their expenditures in 2009.For instance, the amount of money spent on purchasing vehicles by the government departments in 2009 dropped by 35 percent year on year, he said.They also spent two percent less in government procurement for work conferences compared with the year before, he said.Chen said the government purchases will continue to focus on energy-efficient, environment-friendly, as well as innovative and domestic products in 2010.The procurement center would stick to the policies of protecting information security and supporting small and medium-sized companies when making purchases, in order to push forward the development of the country's industries and the readjustment of its economic structure, Chen said.
BEIJING, Jan. 19 (Xinhua) -- Premier Wen Jiabao said Tuesday the acceleration of the adjustment of China's development pattern while maintaining steady and fast economic growth must run through all the government's work this year.The government should incorporate speeding up the transformation of the development mode into maintaining steady and relatively fast economic development, Wen said at a plenary meeting of the State Council, or Cabinet.At the meeting, a draft government work report, to be delivered at an annual national session of the country's parliament, was discussed.Chinese Premier Wen Jiabao presides over a plenary meeting of the State Council to discuss the draft of the government work report to be delivered at a national session of the country's parliament in Beijing, capital of China, Jan. 19, 2010The government must strengthen macro-economic control and carefully handle the relationship between maintaining steady and relatively fast economic development, adjusting economic structure and managing inflation expectations in a bid to create favorable conditions to transform the development mode, he said.The government would stick to the policy of expanding domestic demand this year to boost public consumption and optimize the investment structure, he said.Wen said the country should make "substantial progress" in transforming the economic development mode by continuing to push forward renovation of key industries, fostering strategic emerging industries, promoting accelerated development of the service sector, and improving the overall quality and competitiveness of the national economy.Chinese Premier Wen Jiabao (3rd L) presides over a plenary meeting of the State Council to discuss the draft of the government work report to be delivered at a national session of the country's parliament in Beijing, capital of China, Jan. 19, 2010The government would comprehensively implement its strategy of reinvigorating the country through science, education and expertise, and enhance its efforts to turn China into an innovation-oriented country so as to give technological and personnel support for the transformation of the development mode, he said.The government should also make efforts to improve the people's living standards and deepen reforms of "key fields" to establish a system which was conducive to the transformation, he said.At the meeting, Wen also outlined key work to be done in the first quarter of this year, a period which he said was crucial for China's economic and social development this year.He said the government must correctly judge the situation and make its macro-economic control policy more effective.He also urged the government to optimize credit structure and maintain a good rhythm of credit supply to guard against financial risks.A key task in adjusting the economic operation was to ease the supply and demand imbalance of electricity, coal, gas and transportation, he said.He urged relevant authorities to lose no time to implement policies already introduced, "increase commercial residential building supply", and "contain speculative purchases of homes" to promote steady and healthy development of the real estate market.Wen also called for enhanced efforts to ensure work safety and maintain social stability.The participants of the meeting agreed to issue the draft government work report to central and local government organs to solicit opinions.