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BEIJING, April 23 (Xinhua) -- China's trade surplus this year will see a decline from the 2009 level despite a recovery in foreign trade, the People's Bank of China, the central bank, said here Friday.An increase in orders would push up export growth to more than 20 percent in the second quarter, while import growth would also stay high due to surging domestic demand and rising import prices, said the bank in a report released on its website."Exports have returned to pre-crisis levels and imports have hit all-time highs after seasonal adjustments," it said.The report said China still faced deteriorating trade conditions with rising trade protectionism and the unstable global economic recovery.China's trade surplus stood at 196 billion U.S. dollars last year. March saw its first monthly trade deficit in six years, with exports at 112.11 billion U.S. dollars and imports surging 66 percent to 119.35 billion U.S. dollars.The country's macro-economy would continue to improve after a better-than-expected 11.9 percent economic growth in the first quarter, said the report, adding, "The Chinese economy has had a good start this year."Companies are more willing to invest, while the people are showing stronger consumption demand," it said.Investment structure had been improved in the first quarter, with private investment rising 30.4 percent year on year, exceeding the 21.1-percent growth of government or state-owned enterprise investment, said the bank.China's retail sales surged 17.9 percent year on year in the first quarter, and fixed assets investment rose 25.6 percent, data from the National Bureau of Statistics showed.The bank also noted that "credit controls have seen initial results", as new yuan-denominated loans fell to 2.6 trillion yuan in the first quarter, 1.98 trillion yuan less than the corresponding period last year.The government has stated that the proactive fiscal policy and relatively easy monetary policy would continue this year, while repeatedly warning of assets bubbles, inflation risks and overheating industries.Soaring commodity prices were one of the government's major concerns, as the consumer price index, the main gauge of inflation, rose 2.4 percent year on year in March, nearing the government's upper limit of 3 percent inflation this year.The bank said it would continue to strengthen liquidity management and keep an "appropriate" growth of money supply, so as to maintain stable prices and strike a balance between maintaining economic growth, adjusting the economic development model and avoiding inflation risks.
NANJING, April 23 (Xinhua) -- One fisherman was confirmed dead and 16 others were still missing after two boats capsized Wednesday night at sea off Lianyungang city in east China's Jiangsu Province, local maritime bureau said Friday.Rescuers discovered the body of the fisherman Friday afternoon, and were still searching for the missing people, although their chances of survival were slim, according to Lianyungang's sea search and rescue center.Of the 17, seven are from Anhui Province and the others from Sheyang County, Jiangsu.At around 10:30 p.m. Wednesday, a boat registered in Jiangsu capsized because of strong gale and high tide about 200 sea miles from Lianyungang, throwing 12 fishermen on board into the water.The other boat, with 11 people on board and in the same fleet, capsized as it attempted to save them.By Thursday noon, of the 23 fishermen, six have been rescued by a nearby fishing boat.

BEIJING, May 8 (Xinhua) -- Chinese President Hu Jintao, while meeting in Moscow on Saturday with Russian veterans who fought Japanese aggressor troops in Northeast China in August 1945, honored their great contributions.The honor-awarding ceremony reminds the world again that both the Chinese and Russian peoples value their friendship forged in the anti-fascist war 65 years ago.In August 1945, the Soviet Red Army marched into China's northeast provinces and joined the Chinese army in combat with the aggressors to help wrap up the eight-year Anti-Japanese War (1937-1945). Chinese President Hu Jintao (front L) meets with representatives of the Russian war veterans who helped China battle Japanese troops in the World Anti-Fascist War, in Moscow, capital of Russia, May 8, 2010According to the Russian Embassy in China, China is home to 74 memorials commemorating around 34,500 Soviet soldiers who lost their lives in the military operations 65 years ago.It has been 65 years since the end of World War II, yet history will always remember the great contributions and sacrifices made by both the Chinese and Soviet peoples.
SHANGHAI, May 11 (Xinhua) -- Chinese officials and experts Tuesday suggested the nation's steel producers set up plants abroad to avoid a rising number of international trade barriers.Opening steel mills in regions with abundant raw materials and strong market demand abroad would be easier than exporting steel products, as it would bring tax revenues and employment to the areas, Jia Yinsong, an official with the Ministry of Industry and Information Technology, said at an international trade fair for the steel tube industry in Shanghai.China's steel pipe exporters had been frequent victims of protectionism, said Wang Zhenfu, vice director with the Fair Trade Bureau of Import and Export of the Ministry of Commerce (MOC).Data from the WTO showed China's steel producers were named in 29 trade disputes since 2007, involving products valued at 6 billion U.S. dollars.The most serious, in which the United States imposed in April anti-dumping duties ranging from 30 to 99 percent on Chinese steel pipes imports used in oil and gas wells, had curbed steel tube exports to the U.S. by more than 80 percent, said Wang.According to the U.S. Department of Commerce, 37 Chinese firms received a final dumping rate of 29.94 percent, and all other Chinese exporters were subject to a final dumping rate of 99.14 percent.Wang warned of a risk of losing the U.S. market as the U.S. government was mulling further anti-dumping investigations against Chinese steel pipe exports.Jia said Chinese enterprises should be aware of the significance of transforming from production exports to capacity exports.At present, domestic steel enterprises were mainly focused on acquiring mineral resources abroad, but that would become more difficult given global commodity price hikes fueled by a booming market, said Jia.The costs of energy, raw materials, shipping and rising trade protectionism and pressure for China to appreciate its currency would pose challenges for Chinese exporters, according to a survey conducted by the Ministry of Commerce last month.Jia said a few of Chinese steel firms, such as Wuhan Iron and Steel Group, had invested in capacity exports. Wuhan Iron and Steel, China's third-biggest steelmaker, announced on April 19 it would team up with Brazil's LLX Logistica S.A. to build a steel plant with an annual capacity of 5 million tonnes in Brazil's Acu Super Port Industrial District.Besides focusing on the U.S. market, Chinese steel firms should step up efforts to tap into emerging markets such as South America and the Middle East, said Wang.Chi Jingdong, vice secretary general of China Iron and Steel Association, encouraged domestic steelmakers to learn from Japanese counterparts, who followed automobile manufacturers abroad, providing with matching steel products from their overseas mills.
PRETORIA, March 30 (Xinhua) -- Top Chinese political advisor Jia Qinglin on Tuesday discussed with South African President Jacob Zuma on seeking stronger bilateral relations and coordinating the two countries' stances on climate change.Jia first extended the warm greetings and good wishes of Chinese President Hu Jintao to Zuma, who in return conveyed his greetings to Hu. Hu and Zuma have met several times on the sidelines of the international summits since Zuma took presidency last May.Jia, chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), the country's top advisory body, was making the visit at the invitation of the National Council of Provinces of South Africa. Jia held talks with Mninwa Mahlangu, chairman of the National Council of Provinces of South Africa, at Cape Town Monday.Jia Qinglin (L), chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), shakes hands with South African President Jacob Zuma during their meeting in Pretoria, South Africa, on March 30, 2010Zuma said Jia's visit was of great significance to boost bilateral relationship and called on both sides to take the opportunity of the visit to expand substantial cooperation and bring bilateral strategic partnership to a new high.On bilateral relations, Jia reviewed the growth of China- Africa relationship since the two countries established diplomatic ties in 1998, highlighting frequent visits, stronger political trust, enhanced economic cooperation and more solid public foundation.
来源:资阳报