杨虎涛演化经济学

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BEIJING, Oct. 26 -- Shanghai has applied to regulators to launch a free exchange between the yuan and the New Taiwan dollar to enhance financial cooperation, the head of the Shanghai Financial Service Office said Sunday.     "With growing trade between Shanghai and Taiwan in recent years, we hope that a free exchange between the yuan and the New Taiwan dollar can be conducted in Shanghai as a trial," said Fang Xinghai at the 6th China International Finance Forum.     "We have applied to the regulators and expect it will be approved soon," Fang said at the two-day forum which ended Sunday.     Shanghai has recently launched a cross-border currency clearing system and Fang expects that it will be extended to Taiwan soon.     By the end of April, Taiwan had invested 5 billion U.S. dollars in more than 6,000 projects in Shanghai, and trade between the two sides totaled 13.68 billion dollars in the first eight months of this year.     Although the two sides must overcome some barriers in financial cooperation, Fang said they can explore possibilities in innovative products, such as exchange-traded funds that enable investors to buy or sell shares in an entire benchmark portfolio.     "The Shanghai Stock Exchange is making efforts to introduce ETFs based on overseas equity indices (and) we can also expect Taiwan and the mainland to introduce ETFs based on each other's index," Fang said.     The two sides can also cooperate in sectors that are not directly supervised by the central government, such as venture capital.     "Taiwan is very successful in the venture capital sector, while the Chinese mainland is still in the first stage. Policies have now been eased so that Taiwan VC firms can set up branches on the mainland," Fang noted.     The Chinese mainland and Taiwan in April sealed a cooperative financial regulatory mechanism.

BEIJING, Oct. 22 (Xinhua) -- China's anti-graft chief He Guoqiang Thursday hailed an online interview program on rectifying officials and government agencies' misconduct.     He, secretary of the Central Commission for Discipline Inspection of the Communist Party of China, said the program by the People's Daily Online has made full use of the Internet media to answer people's questions and help solve their problems.     The program will undoubtedly help promote the government's efforts in rectifying misconduct of officials and government agencies.     The program started on July 16 to encourage people's participation in the government's rectifying campaign.     Officials in charge of the rectification work are invited to answer netizens' questions, which cover a wide range of hot topics including farmers' benefits, education, medical treatment, transportation, food and drug safety among others.     Netizens can also disclose misconduct of government agency staff during the online interview, and authorities will start investigations, according to the State Council's rectification office.     Currently rectification offices in 31 provinces, autonomous regions and municipalities have set up their official Web sites.

BEIJING, Nov. 17 (Xinhua) -- The United States and China, the world's first and third largest economies, have pledged to rebalance each other's economy and move in tandem on forward-looking monetary polices for a strong and durable global economic recovery, according to a China-U.S. joint statement released here on Tuesday.     The statement, issued after talks between Chinese President Hu Jintao and his U.S. counterpart Barack Obama, has climaxed the latter's first China trip since he took office in January.     "China will continue to implement the policies to adjust economic structure, raise household incomes, expand domestic demand to increase contribution of consumption to GDP growth and reform its social security system," said the statement.     The United States, in return, will take measures to increase national saving as a share of GDP and promote sustainable non-inflationary growth.     "To achieve this, the United States is committed to returning the federal budget deficit to a sustainable path and pursuing measures to encourage private saving," it said.     President Obama made it clear at an earlier press conference Tuesday afternoon that the rebalancing strategy would require America to save more, reduce consumption and reduce long-term debts.     The statement also said that both sides will pursue forward-looking monetary policies and have "due" regard for the ramifications of those policies for the international economy.     The two also agreed to expedite negotiation on a bilateral investment treaty, and work proactively to resolve bilateral trade and investment disputes in a constructive, cooperative and mutually beneficial manner.     Recognizing the importance of open trade and investment to their domestic and the global economies, the two are committed to jointly fight protectionism in all its manifestations.     "We both agreed to properly handle trade frictions between the two countries through negotiations on an equal basis, and to make concerted efforts to boost bilateral trade and economic ties in a healthy and steady way," said President Hu.     "I stressed to President Obama that under the current situation, both China and the United States should oppose and reject protectionism in all forms in an even stronger stand," he said.     The two sides also reiterated that they would continue to strengthen dialogue and cooperation on macro-economic policies and pledged to honor all commitments made at the first round of the Sino-U.S. Strategic and Economic Dialogue last July, the Group of 20 summits, and the recently concluded APEC Economic Leaders' Meeting in Singapore.     The statement said that both sides commended the important role of the three G20 summits in tackling the global financial crisis, and were committed to work with other members of the G20 to enhance the G20's effectiveness as the premier forum for international economic cooperation.     China and the United States also agreed to work through a cooperative process on mutual assessment to make the G20 Framework for Strong, Sustainable and Balanced Growth a success.     The statement said that both sides welcomed recent agreements by the G20 to ensure that the International Financial Institutions (IFIs) have sufficient resources and to reform their governance structures.     "The two sides stressed the need to follow through on the quantified targets for the reform of quota and voting shares of IFIs as soon as possible, increasing the voice and representation of emerging markets and developing countries in these institutions consistent with the Pittsburgh Summit Leaders Statement," it said.

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NEW YORK, Jan. 7 (Xinhua) -- Stopping importing from China may result in an increase in the U.S. trade imbalance, chief economist of the World Bank Justin Yifu Lin said during a speech here on Thursday.     Addressing the audience at a forum about the forecast and views of Chinese economy held at the New York Stock Exchange, Lin said the imbalance between the United States and China actually "reflects some kind of specialization due to the state of development."     The type of products that China exported to the United States are labor-intensive living necessities that the United States will never produce anymore and has no competitive advantages, Lin said. Chief economist of the World Bank Justin Yifu Lin delivers a speech at a forum about the forecast and views of Chinese economy held at the New York Stock Exchange in New York, the U.S., Jan. 7, 2009. He said stopping importing from China may result in an increase in the U.S. trade imbalance    "If China will not export those type of labor-intensive products, U.S. will have to import from other middle income or lower income countries," he added. "And very likely, the cost of importing from other countries will be higher."     Lin said U.S. companies always have a free choice to import from China or other countries, and they currently choose China is because the cost is lower.     "If U.S. has to switch the source of the import from another country, (U.S.) people will have to pay for them no matter how high the price is because that is a definite necessity," Lin said," that means most likely the trade imbalance in U.S. may increase."

BARCELONA, Nov. 3 (Xinhua) -- The top Chinese negotiator for the United Nations climate change talks being held here said Tuesday that the Kyoto Protocol must be followed.     "China's position is quite clear: the Kyoto Protocol must be adhered to, since it best illustrates the principal of 'common but differentiated' responsibilities," said Su Wei, head of the Chinese delegation to the talks.     Su told Xinhua that during earlier negotiations, some countries had proposed discarding the Kyoto Protocol and adopting a totally new document at December's Copenhagen climate change meeting.     "This demand is strongly rejected by the Group of 77 and China, and other developing countries," Su said.     Su stressed that the Kyoto Protocol must be the legal basis for further negotiations at Copenhagen, and developed countries must fulfill their obligations under the protocol, which regulates that they should clarify their reduction targets in the second phase of the protocol.     "If this basic arrangement is changed, the future of the Copenhagen meeting would be greatly shadowed," Su said.     The deal to be reached at the Copenhagen conference, Su said, should have two basic elements.     One element is to set the mid-term emission reduction targets for developed countries under the Kyoto Protocol. That is, developed countries as a whole should commit to making 25-40 percent cuts below 1990 levels by 2020.     The second element is to make substantial arrangements for the implementation of the UN Framework Convention on Climate Change in accordance with the Bali Roadmap.     "We hope we could lay a good foundation for the Copenhagen conference through negotiations at this meeting," Su said.

BEIJING, Jan. 9 (Xinhua) -- Heavy snow in northwest China's Xinjiang Uygur Autonomous Region had left one person dead and forced the evacuation of 5,435 as of 8:00 p.m. Friday, according to the Ministry of Civil Affairs Saturday.     The heavy snow also flattened 799 houses and caused damages to 4,897 others in the region, the ministry said. A total of 261,800 people in 12 counties or cities were affected by the blizzard hitting Xinjiang's Tacheng and Altay regions this week, which resulted in blackout and transport disruption in some areasA total of 261,800 people in 12 counties or cities were affected by the blizzard hitting Xinjiang's Tacheng and Altay regions this week, which resulted in blackout and transport disruption in some areas, according to the disaster relief department of the Ministry.     The Ministry has allocated 5,000 tents, 10,000 cotton-padded coats and 10,000 cotton-padded quilts to, and the regional government appropriated 15 million yuan (2.2 million U.S. dollars) for disaster relief in the affected areas, the ministry said. Representatives of communities stand beside vehicles that provide people with services in Urumqi, capital of northwest China's Xinjiang Autonomous Region, Jan. 9, 2010. Some companies and activists in Urumqi donated money to buy 555 vehicles. These vehicles were put into use Saturday in several communities to provide citizens with services.The regional civil affairs authority has dispatched working group to the snow-hit areas to direct relief work.     Xinjiang was gripped by a cold snap from Jan. 1 to 8, which brought heavy snow and drastic temperature plunge especially in Tacheng and Altay regions.

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BEIJING, Nov. 20 (Xinhua) -- Profits of China's state-owned enterprises (SOEs) administered by the central government more than doubled in October from a year ago after months of declines, a senior official said here on Friday.     The 132 central SOEs reaped a profit of 79.5 billion yuan (11.64 billion U.S. dollars) in October, up 151 percent year on year, said Huang Shuhe, deputy director of the State-owed Assets Supervision and Administration Commission (SASAC) at the 2009 Annual CEO Forum.     In October, revenues surged by 22 percent from a year ago to nearly 1.16 trillion yuan, Huang said.     Their profits during Jan-Oct was 633.8 billion yuan, while revenues amounted to 9.83 trillion yuan during the same period.     Huang also noted 24 central SOEs had entered the rank of Fortune 500 companies.     "China's companies still face difficulties and great challenges due to roaring raw material prices, huge environmental pressure and rampant protectionism triggered by the financial crisis," he said.     He said the companies should further enhance independent innovation, improve corporate governance and accelerate the pace of "go global" to compete with foreign brands.

SHANGHAI, Dec. 5 (Xinhua) -- Shanghai Party chief Yu Zhengsheng met here Saturday with visiting Canadian Prime Minister Stephen Harper, vowing to take the opportunity of the Shanghai World Expo to upgrade bilateral economic and environmental cooperation.     The theme of the 2010 Shanghai World Expo is Better City, Better Life, and the core of this theme is to achieve harmony between man and nature, said Yu, member of the Political Bureau of the Communist Party of China (CPC) Central Committee and secretary of the CPC Shanghai Municipal Committee.     "We will step up the transformation of economic development mode and coordinate the various social interests, and promote development through reform and innovation," he said. Yu Zhengsheng(R), member of the Political Bureau of the Communist Party of China (CPC) Central Committee and chief secretary of the CPC Shanghai Municipal Committee, meets with visiting Canadian Prime Minister Stephen Harper in Shanghai, China, Dec. 5, 2009    He appreciated Canada's active participation in the Shanghai World Expo and believed that the Expo would increase the Chinese people's understanding about Canada.     Harper said Shanghai was a vibrant city, and the Canadian companies, represented by Bombardier, had been active in Shanghai in the areas of transportation, insurance, food and resources.     The 2010 Shanghai World Expo was a very good opportunity for Canada and Shanghai to expand and escalate cooperation, especially in the fields of high-tech and environmental science and technology, he noted.     Harper visited the Shanghai World Expo Park Saturday morning and inaugurated the Canada Pavilion.     He said Canada's participation in the Shanghai World Expo was one of the earliest decisions of the government under his leadership since he took office, and the Canada Pavilion would be a great success during the Expo.     Harper left Shanghai for Hong Kong Saturday afternoon.     According to statistics of Shanghai Municipal Commission of Commerce, by the end of the year 2008, Canadian companies have invested in 909 projects in Shanghai, and the amount of contractual foreign capital reached 876 million U.S. dollars.     During the past five years, import and export between Shanghai and Canada have maintained rapid growth. In 2008, the total trade volume reached 4.87 billion U.S. dollars.

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BEIJING, Nov. 17 (Xinhua) -- Chinese President Hu Jintao and visiting U.S. President Barack Obama met the press here Tuesday noon at the Great Hall of the People after their official talks.     The two leaders were to brief Chinese and overseas reporters about their talks.   Chinese President Hu Jintao shakes hands with visiting U.S. President Barack Obama after they meet the press at the Great Hall of the People in Beijing on Nov. 17, 2009Differences "normal," mutual respect essential in Sino-U.S. ties: President HuObama says U.S. recognizes Tibet as part of ChinaChina, U.S. appreciate role of G20 summit in coping with global financial crisisChina, U.S. to work together for positive results at Copenhagen summitHu, Obama agree on resolving Korean Peninsula, Iran nuclear issues through dialogueChina, U.S. to cooperate in space exploration, high-speed rail constructionChina, U.S. to cooperate in macroeconomic, financial policies to solidify recovery: President HuNew round of China-U.S. strategic, economic dialogue scheduled for next summerHu says his talks with Obama candid, constructive, fruitful

CANBERRA, Oct. 30 (Xinhua) -- Visiting Chinese Vice Premier Li Keqiang met here Friday with Australian Prime Minister Kevin Rudd to discuss the development of relations between their two countries and issues of common concern.     At the meeting, Li said that a healthy and stable China-Australia relationship was beneficial to the core interests of the two peoples and would therefore help promote stability and prosperity in the region and the world as a whole. Australian Prime Minister Kevin Rudd (L) meets with visiting Chinese Vice Premier Li Keqiang in Canberra, capital of Australia, Oct. 30, 2009As two important nations in the Asia-Pacific region, China and Australia shared a wide range of common interests and solid ground for cooperation, either in maintaining regional peace and stability or in driving regional and global economic growth, and dealing with international challenges, Li said.     Stressing dialogue, coordination and cooperation were crucial for bilateral relations, the vice premier said both nations need to adhere to a strategic and long-term perspective to deal with bilateral ties.     Only by joint efforts could the two sides achieve common progress, he said. Australian Prime Minister Kevin Rudd (3rd R) meets with visiting Chinese Vice Premier Li Keqiang (2nd L) in Canberra, capital of Australia, Oct. 30, 2009Noting that China and Australia have complementary economies, Li said China hopes Australia will always stick to an open and non-discriminatory policy towards Chinese investment in Australia.     Furthermore, Li said, the two governments need to forge a friendly policy environment for business from both nations to conduct mutually beneficial cooperation.     On international cooperation, Li said China seeks to continue communication and coordination with Australia within multilateral cooperation mechanisms such as the United Nations, G20, APEC, East Asia Summit and the Pacific Islands Forum.     Speaking at the meeting, Rudd congratulated China on the 60th anniversary of the founding of the People's Republic of China and for what the Chinese people has achieved in the past 60 years.     Rudd said he is optimistic about the future of the Australian-Chinese relationship and willing to view those relations in the long run.     China is very important to Australia's future and Australia is also very important to China's future, the prime minister said, adding that the two sides should bring their relations to a new high based on the solid foundation achieved in the past.     Rudd said he and Li have agreed to develop more contacts at a government level in the future.     Rudd said Australia, which understands China's long-term demand of resources and energy, is willing to be a strategic partner with China in this regard.     He also reiterated that Australia adopted an open and nondiscriminatory policy towards investments from China.