BEIJING, March 25 (Xinhua) -- China's top discipline supervision official urged state-owned financial institutions to step up anti-graft efforts while actively advancing financial reforms to contribute to the tackling of international financial crisis. He Guoqiang, secretary of the Communist Party of China (CPC) Central Commission for Discipline Inspection, made the remarks during his three-day inspection tour, from Monday to Wednesday, to state-owned banks and government financial regulatory bodies. He Guoqiang (1st L), member of the Standing Committee of the Political Bureau of the Central Committee of the Communist Party of China, shakes hands with a woman during his inspection of China Anti-Money Laundering Monitoring and Analysis Center in Beijing, capital of China, March 23, 2009. He Guoqiang inspected banks and financial institutions on March 23-25He, also a member of the Standing Committee of the CPC Central Committee Political Bureau, inspected China Investment Corporation, China Development Bank, Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank and the China Anti-Money Laundering Monitoring and Analysis Center. He also listened to work reports from the People's Bank of China as well as banking, securities and insurance regulatory commissions.
WUXI, Jiangsu, March 28 (Xinhua) -- China's top political advisor has urged the country to press forward the government's stimulus plans and spare no efforts to achieve the 2009 economic and social development targets. All sides in China should combine their strength to boost growth, guarantee people's well being and maintain social stability amid the downturn, said Jia Qinglin, chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), during a research tour to Wuxi city of eastern China's Jiangsu Province over the weekend. China aims at an annual economic growth of about 8 percent this year after the global financial crisis slowed the 2008 growth to a seven-year low of 9 percent. Jia Qinglin (C front), member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee and chairman of the National Committee of the Chinese People's Political Consultative Conference, investigates Hynix-Numonyx Semiconductor Ltd. in Wuxi, east China's Jiangsu Province, March 28, 2009. Jia Qinglin, together with Chinese Vice Premier Hui Liangyu, who is also a member of the Political Bureau of CPC Central Committee, made an investigation tour in Wuxi from March 27 through 28 Jia reaffirmed that the fundamentals of China's economy and its long-term upward direction has not changed, though 2009 will be "the most difficult year" for the country's economy since the beginning of the 21st century. He told local authorities and entrepreneurs to vigorously develop advanced manufacturing, modern service sector and high-tech industries. Measures should be taken to speed up industrial upgrading, explore international markets and introduce more overseas high-level talents, said Jia. He underscored the urgency of creating more jobs and improving social welfare. He also called for more government investment to rural areas to support agriculture and raise farmers' income. Jia Qinglin (2nd L, front), member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee and chairman of the National Committee of the Chinese People's Political Consultative Conference, investigates the Yangshan peach orchard in Wuxi, east China's Jiangsu Province, March 28, 2009
BEIJING, April 6 (Xinhua) -- China would manage to make breakthrough in yuan-based cross-border payment system in 2009, People's Bank of China, or the central bank, said in an on-line report. According to the report reviewing the country's payment system in 2008, China would further develop regional and international cooperation in payments, and improve the yuan-based cross-border trade settlements this year. The report also pointed out that China's payment system had remained safe, stable and efficient last year despite severe natural disasters and global financial downturn, as a total of 1,131 trillion yuan (about 166 trillion U.S. dollars) had been spent through the payment system, 37.62 times of the GDP last year. The central bank's high-value payment system (HVPS), core infrastructure of the country's payment system, had conducted 214 million payments worth 64 trillion yuan last year, up 24.42. China's securities settlement system had remained steady and provided strong support to the securities business, said the report. Trading volume in China's interbank bond market reached 10.46 billion yuan, up 66.03 percent from that of 2007, it said. According to the report, non-cash payment products, such as bank cards and bill payment, had become more popular among Chinese citizens. Chinese people had conducted 13.8 payments through non-cash products per capita last year, up 18.1 percent from that of 2007. Up to 24.2 percent of China's retail sales last year had been spent through the bank card system, 2.3 percentage points higher than the 2007 level, it said.
BEIJING, April 5 (Xinhua) -- China's cement production expanded 10.3 percent year on year to 159 million tonnes in the first two months, amid the booming fixed-asset investment, data released by the Ministry of Industry and Information Technology (MIIT) have shown. The growth rate was 6.8 percentage points higher than that for December, as the fixed-asset investment accelerated due to the government's 4 trillion yuan (584.8 billion U.S. dollars) stimulus package, according to the MIIT data released on Friday. The wholesale price was 284 yuan per ton, 5 yuan cheaper than the price peak in November, but 27.8 yuan higher than that for January. China's urban fixed asset investment rose 26.5 percent year on year to 1.027 trillion yuan (150.35 billion U.S. dollars) in the first two months, as the government's stimulus plan propped up construction of housing and railways. MIIT figures showed that the output value of the building material sector rose 14 percent year on year in the January-February period, two percentage points higher than that for December. The figures were calculated based on the comparable working days in the first two months, since China's Lunar New Year holiday fell in February last year, but in January this year. Zhu Hongren, official with the MIIT said the building material sector was back on track after the stimulus plan showed effect. However, the excess production was still prominent, and efforts must be made to eliminate outdated capacity.
ADDIS ABABA, April 6 (Xinhua) -- The Chinese representative to the 120th Assembly of the Inter-Parliamentary Union (IPU) on Monday urged all countries to abandon any form of trade and investment protectionism amid the sweeping financial crisis. "During times of economic difficulties, the international community should abandon all forms of trade and investment protectionism and work for the progress of the Doha round of negotiations at an early date," Uyunqimg, Vice chairwoman of the Standing Committee of China's National People's Congress, said at the Addis Ababa meeting. Uyunqimg, Vice-chairwoman of National People's Congress Standing Committee of China, attends the 120th Assembly of the Inter-Parliamentary Union (IPU) in Addis Ababa, capital of Ethiopia, April 6, 2009. The 120th Assembly of the IPU and its related meetings are being held in Addis Ababa from April 5 to 10, with the overall theme of "Parliament: Building Peace, Democracy and Development in times of Crisis"She told fellow parliamentarians that the outbreak of the global financial crisis added to the destabilizing factors and uncertainties in the international political and economic arenas, and posed grave challenges to the political, economic and social life of various countries. "Therefore, it is timely and fitting for this IPU Assembly to put the tackling of the crisis top on its agenda," she said. Due to their low level of economic development, lack of diversity in economic structure and vulnerability of the financial system, developing countries are far more severely affected by the financial crisis than developed countries. The Chinese official called on the international community, developed countries in particular, to shoulder their due responsibilities and obligations, continue to honor commitments of assistance and debt reduction, maintain and increase assistance to developing countries to help them tide over the difficulties and maintain financial stability and economic growth. "We hope that parliaments around the world will play a positive role, avoiding any legislation that is protectionist in nature and urging their respective governments to shun any action that may aggravate the economic hardship for developing countries under the current circumstances," she said. The April 5-10 meeting attracted over 1,000 legislators from around the world, and the delegates are scheduled to discuss the political, economic and social situation in the world with the overall theme of "Parliaments: Building Peace, Democracy and Development in times of crisis."Uyunqimg, Vice-chairwoman of National People's Congress Standing Committee of China, addresses in the 120th Assembly of the Inter-Parliamentary Union (IPU) in Addis Ababa, capital of Ethiopia, April 6, 2009. The 120th Assembly of the IPU and its related meetings are being held in Addis Ababa from April 5 to 10, with the overall theme of "Parliament: Building Peace, Democracy and Development in times of Crisis".
BEIJING, March 6 (Xinhua) -- Chinese leaders underscored the importance of relying on the people in the combat against the global financial turmoil, urging efforts to ensure their well-being, when joining lawmakers and political advisors in panel discussions Friday. Wu Bangguo (front C), member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee and also chairman of the Standing Committee of the National People's Congress (NPC), meets with deputies to the Second Session of the 11th NPC from southwest China's Chongqing Municipality, in Beijing, capital of China, March 6, 2009. Wu Bangguo joined the NPC deputies of Chongqing delegation in deliberating the government work report on FridayIn his discussion with lawmakers from Chongqing Municipality, top legislator Wu Bangguo said it is a must to boost the people's confidence to tackle economic woes. "We should have long-term targets in heart while dealing with difficulties at present, and our efforts should mainly go to improvement of people's well-being," said Wu, chairman of the Standing Committee of the National People's Congress (NPC), the top legislature. Chinese Premier Wen Jiabao (front L) meets with deputies to the Second Session of the 11th National People's Congress (NPC) from northwest China's Gansu Province, in Beijing, capital of China, March 6, 2009. Wen Jiabao joined the NPC deputies of Gansu delegation in deliberating the government work report on Friday "The people are a most important source of strength to combat the financial crisis," said Premier Wen Jiabao when joining NPC deputies from the northwestern province of Gansu. "I am here to learn about the real situations at grassroots levels," Wen said, adding the government work report he delivered at the opening of the NPC session Thursday was "a collection of wisdom of the people." "Officials at various levels and ordinary people should join hands to make concerted efforts," he said. "We must take into account the opinions of every NPC deputy so that the measures proposed in the government work report can become the common will of all the people of the nation, encourage them to take actions, and inspire the people with power to overcome difficulties," he said. "We must always boost confidence, and we must rely on the people all the time." Jia Qinglin (front L), member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee and also chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), meets with CPPCC members without party affiliation in Beijing, capital of China, March 6, 2009Top political advisor Jia Qinglin, who discussed Wen's government work report with advisors without party affiliation, called for concerted efforts from all walks of life, regardless of party affiliation or ethic identification, in boosting economic growth. Jia, chairman of the National Committee of the Chinese People's Political Consultative Conference, urged political advisors to actively offer suggestions on maintaining economic growth and social stability. Li Changchun (front R), member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, shakes hands with a deputy to the Second Session of the 11th National People's Congress (NPC) from northeast China's Jilin Province, in Beijing, capital of China, March 6, 2009. Li Changchun joined the NPC deputies of Jilin delegation in deliberating the government work report on FridayLi Changchun, member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, pledged to inject more support to the cultural industry. In his discussion with lawmakers from northeastern Jilin Province, he urged to build a cultural environment that encourages people to start their own businesses, honors people who do so, and promotes hard work. Chinese Vice President Xi Jinping (L), who is also a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, shakes hands with a deputy to the Second Session of the 11th National People's Congress (NPC) from southeast China's Fujian Province, in Beijing, capital of China, March 6, 2009. Xi Jinping joined the NPC deputies of Fujian delegation in deliberating the government work report on Friday.Vice President Xi Jinping stressed coordination of varied efforts aimed to achieve economic goals during his discussion with deputies from Fujian Province. He said expansion of domestic demand should go along with endeavors to stabilize exports, and also be combined with efforts in economic restructuring to elevate the economy to a higher level. The government's efforts to accelerate industrial upgrade could also be connected to finding employment for the country's vast labor force , he added. Li Keqiang (L), member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, meets with deputies to the Second Session of the 11th National People's Congress (NPC) from northeast China's Liaoning Province, in Beijing, capital of China, March 6, 2009. Li Keqiang joined the NPC deputies of Liaoning delegation in deliberating the government work report on Friday.While discussing with lawmakers from the northeastern province of Liaoning, Vice Premier Li Keqiang warned that the global financial crisis and its impact on the real economy are still spreading. He urged to take measures to expand domestic demand, and enhance the vitality of the economy. Efforts must be made to improve people's well-being to address pressing issues concerning the interests of the people, and to meet the people's basic demands, he said. He Guoqiang (front R), member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, shakes hands with a deputy to the Second Session of the 11th National People's Congress (NPC) from central China's Hunan Province, in Beijing, capital of China, March 6, 2009. He Guoqiang joined the NPC deputies of Hunan delegation in deliberating the government work report on FridayHe Guoqiang, secretary of the Communist Party of China (CPC) Central Commission for Discipline Inspection, called to intensify crackdown on corruption to win over trust from the people. "We are determined to investigate and prosecute a number of key corruption cases, and make a series of anti-corruption laws and regulations," He, also member of the CPC Central Committee's Standing Committee, told lawmakers from central Hunan Province, with a pledge to step up supervision over the use of massive government stimulus spending this year. Zhou Yongkang (C), member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, meets with deputies to the Second Session of the 11th National People's Congress (NPC) from northeast China's Heilongjiang Province, in Beijing, capital of China, March 6, 2009. Zhou Yongkang joined the NPC deputies of Heilongjiang delegation in deliberating the government work report on FridayWhen joining the NPC deputies from the northern Heilongjiang Province, Zhou Yongkang, member of the CPC Central Committee's Standing Committee, also urged to improve the livelihood of the people to maintain social stability. He called to reduce factors that might undermine social harmony and stability, and provide legal protection for economic development.
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NAIROBI, Feb. 8 (Xinhua) -- Chinese President Hu Jintao will pay state visits to the African countries of Mali, Senegal, Tanzania and Mauritius in mid-February, his second trip to the continent in search for closer cooperation since the 2006 Beijing Summit of the Forum on China-Africa Cooperation. The top-level visit follows a four-nation African tour by Chinese Foreign Minister Yang Jiechi in intensified efforts to forge full partnership with Africa. China and African countries have made great achievements in developing a new type of strategic partnership since the Beijing Summit, with more frequent high-level exchanges. Three months after the summit, President Hu Jintao embarked an African tour of eight countries initiating the process of implementing the achievements of the summit to benefit the continent. Some senior Chinese officials also went to Africa on friendly missions in 2008. On African side, more than 20 leaders visited China last year, attending the opening ceremonies of the Beijing Olympics and Paralympics or watching the Olympic Games. African countries have always been supportive on issues concerning China's core interests since the establishment of diplomatic ties decades ago and offered aid and support to China's quake relief efforts last year, showing the deep friendship between the two sides. China cherishes the support from the continent and pledges to further implement the achievements of Beijing Summit by helping African countries maintain political stability and boost economic development. China devised an eight-measure policy to enhance economic and trade cooperation with Africa in 2006 Beijing Summit, including assistance, preferential finance, construction of a conference center for the African Union, debt cancellation, more African market share in China, professional training, and establishment of trade and economic cooperation zones in Africa. The policy has been effectively carried out with remarkable achievements in the past two years. By the end of 2008, the China-Africa Fund had invested nearly 400 million U.S. dollars in 20 projects, generating an investment in Africa by Chinese enterprises to about 2 billion dollars. Bilateral trade hit 106.8 billion dollars in 2008, after exceeding 10 billion dollars in 2000. The made-in-China brand finds its way into African families, while market share for a variety of African commodities in China has also snowballed. China has also cancelled part of debts for the most indebted and least developed countries in Africa, at the same time, lifting tariffs on imports from those countries. In addition, the construction of economic and trade zones or duty free trade zones in Africa is progressing smoothly, including the Zambia-China Economic and Trade Cooperation Zone, the Guangdong Economic and Trade Cooperation Zone in Nigeria and the Lekky Duty Free Trade Zone in Lagos, Nigeria, the Egypt-Suez Economic and Trade Zone and Ethiopian Orient Industrial Park. Cultural exchanges have also been active and fruitful between the two sides. African song and dance have gained their audience in China and China's Confucius Institute has also taken root in Africa since its first landing in the University of Nairobi, Kenya, in December 2005. Cooperation and exchanges between China and Africa have enhanced friendship and understanding between the two peoples. Malian President Amadou Toumany Toure, whose country is the first in sub-Saharan Africa to establish diplomatic ties with China, applauded the Chinese President's upcoming visit, hoping it will bring bilateral cooperation to a new height. Mali will warmly welcome President Hu, Toure said, adding that he will invite Hu to attend the inauguration of a China-aid bridge project in the country's capital Bamako. Senegal is also looking forward to Hu's visit. Abdoulaye Balde, spokesman for the presidential office, said his country was bracing itself for the first visit by a Chinese head of state since the two countries resumed diplomatic ties three years ago. Senegalese President Abdoulaye Wade visited China twice in 2006 in a bid to boost bilateral ties, Balde said, expressing his belief that the top-level exchange would give impetus to the development of strategic partnership between the two countries. Officials in Tanzania and Mauritius also welcome Hu's upcoming visits, hoping to further enhance cooperation with China, which they see as a rising power that will benefit Africa as well as other developing nations.
BEIJING, Feb. 25 (Xinhua) -- Senior members of the National Committee of the Chinese People's Political Consultative Conference (CPPCC) met Wednesday to discuss the agenda of the annual conference in March. Jia Qinglin, chairman of the CPPCC National Committee and member of the Standing Committee of the Communist Party of China (CPC) Central Committee Political Bureau, presided over the meeting of the Standing Committee of the 11th CPPCC National Committee. The fourth meeting of the Standing Committee of the 11th National Committee of the Chinese People's Political Consultative Conference (CPPCC) is held in Beijing, capital of China, Feb. 25, 2009During the three-day meeting, the senior political advisors will set an agenda for the Second Session of the 11th CPPCC National Committee, discuss and approve a work report of the Standing Committee of the CPPCC National Committee, and study a report on the handling of proposals put forward by CPPCC members at last year's annual meeting. The CPPCC reflects China's "multi-party cooperation system" under the leadership of the CPC. The CPPCC committees at different levels have representatives from different political groups, ethnic groups, and people of all walks of life.
BEIJING, April 1 (Xinhua) -- China's top political advisor Wednesday called for a more transparent and modern information system for donors to promote the integrity of charity organizations. Jia Qinglin, chairman of the National Committee of the Chinese People's Political Consultative Conference, was speaking to delegates at the 20th anniversary conference of the China Foundation for Poverty Alleviation (CFPA). Jia said the foundation should work harder to create a public service platform for donors to easily contribute while being able to track where and how their donations were used. Charity organizations should make better use of modern telecommunications and the Internet to promote transparency, so that people could be proud of their contributions, he said. Jia said charity organizations should further improve their administration and promote public credibility, by fully implementing tax break policies for donors. The CFPA has poured almost 2.4 billion yuan into poverty relief over the past 20 years, benefiting 7.18 million people.
BEIJING, Feb. 9 (Xinhua) -- Chinese equities continued gains on Monday from last week's trading and advanced to a four-month high since late September as signs of an economic recovery, a raft of stimulus plans and a rally in the U.S. stock market boosted confidence, said analysts. The government rolled out plans to revive the textile industry and machinery manufacturing industry last week after auto and steel stimulus packages. Measures to support the shipping industry, the non-ferrous metal industry and others are yet to come. These efforts helped buoyed market confidence, said analysts. The country's economy was resilient and posted signs of recovery, partially because of the economic stimulus plans as the Purchasing Managers' Index (PMI) of the manufacturing sector released on Feb.4 rose to 45.3 in January from 41.2 in December. The Shanghai A-share index rose 43.47 points, or 1.99 percent, to close at 2,224.71, and the Shenzhen Component Index posted a bigger rise of 4.06 percent, or 315.79 points, to 8,087.69. Combined turnover climbed to a nearly nine-month high at 235.5 billion yuan (34.5 billion U.S. dollars), up from the 189.6 billion yuan from the previous trading day. Gains outnumber losses by 841 to 29 in Shanghai and 713 to 34 in Shenzhen. Non-ferrous metal rose across the board boosted by rising metal prices. Shanghai copper surged by its daily limit of 5 percent, or1,400 yuan per tonne to 29,510 yuan per tonne. Shanghai aluminum rose 3.56 percent to 12,225 yuan per tonne. Their gains also lifted other base metals. Aluminum Corporation of China, the country's largest aluminum producer, advanced by the daily limit of 10 percent to end at 9.56yuan. Yunnan copper, China's third largest smelter of the metal, rose by the daily limit of 10 percent to 13.07 yuan. Liaoning-based Huludao Zinc Industry also gained by the daily limit of 10 percent to 4.16 yuan. China Cosco Holdings Co. surged by the daily limit of 10 percent to 10.74 yuan after the Baltic Dry Index, a gauge of commodity shipping costs, posted a strong rise of 53 percent over last week. China Shipping Container Lines Company moved up 6.49 percent to 3.34 yuan.