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HOTAN, Xinjiang, July 11 (Xinhua) -- Government and Communist Party departments at all levels in Xinjiang Uygur Autonomous Region should rely on the people of all ethnic groups to build a "steel wall" for the region's stability to safeguard the interests of the people, senior Chinese leader Zhou Yongkang said here Saturday. Zhou, a Standing Committee member of the Political Bureau of the Communist Party of China (CPC) Central Committee, made the remarks on the third day of his visit to Xinjiang. Zhou Yongkang (L front), member of the Standing Committee of the Political Bureau of the Central Committee of the Communist Party of China (CPC), shakes hands with a local Uygur farmer in Kashi, northwest China's Xinjiang Uygur Autonomous Region, July 11, 2009. Zhou started an inspection tour in Xinjiang on Thursday. He is the first member of the Political Bureau Standing Committee to visit the region after the July 5 riot in Urumqi, capital of Xinjiang, which caused at least 184 deaths and injured over 1,000 others. During his visit to Hotan and Kashgar, both in the southern part of Xinjiang, Zhou said the current situation in the region was "heading in a good direction." But he warned that hostile forces from home and abroad would not give up easily. "They are attempting to stage more sabotage," he said. Zhou Yongkang (2nd R, front), member of the Standing Committee of the Political Bureau of the Central Committee of the Communist Party of China (CPC), visits policemen on duty in Kashi, northwest China's Xinjiang Uygur Autonomous Region, July 11, 2009. Zhou started an inspection tour in Xinjiang on ThursdayZhou urged government and Party departments, troops on duty in the region and public security authorities to stay on high alert, nip all hidden dangers in the bud and focus on ethnic unity education, to foil all sabotage attempts by the hostile forces. When talking with Uygur farmers during his visit, Zhou said the CPC Central Committee and the State Council have always attached great importance to the development of southern Xinjiang. He promised that more efforts would be made to improve the living standards of people in southern Xinjiang and infrastructure in the region.
NANJING, April 25 (Xinhua) -- Negotiators from the Chinese mainland and Taiwan on Saturday stressed the significance of enhanced cross-Straits economic exchanges and cooperation amid the international financial turmoil. Zheng Lizhong, deputy chief of the mainland-based Association for Relations Across the Taiwan Straits (ARATS), said the international financial turmoil has brought new challenges to economic development across the Taiwan Straits. Compatriots from the two sides aspired to accelerate cross-Straits economic cooperation, Zheng said at a preliminary meeting with his Taiwan counterpart Kao Koong-lian, Vice Chairman and Secretary-General of the island's Straits Exchange Foundation (SEF). The meeting was held to make final preparations for Sunday's talks between the ARATS and SEF heads Chen Yunlin and Chiang Pin-kung. Sunday's talks could bring enhanced economic development and cooperation across the Straits, he said. Zheng Lizhong (R), vice-president of the mainland's Association for Relations Across the Taiwan Straits (ARATS), shakes hands with Kao Koong Liann, vice chairman and secretary-general of Taiwan-based Straits Exchange Foundation (SEF), before the preliminary discussion in Nanjing, capital of east China's Jiangsu Province, April 25, 2009. ARATS President Chen Yunlin and SEF Chairman Chiang Pin-kung are scheduled to hold talks on Sunday Kao Koong-lian said one of the SEF's basic notions is that the cross-Straits relations should be two-way exchanges instead of one-way. With mainland investment on the island, one of the four major issues under negotiation during the talks, the cross-Straits trade could basically resume normal two-way exchanges, he said. He hoped issues on safeguarding cross-Straits investment agreements and preventing double taxation could be included in the next round of talks. Direct transport, postal service and trade was totally cut off between the two sides since the Chinese civil war ended in 1949. On Jan. 1, 1979, the Standing Committee of the National People's Congress, or the top legislature, called for an early realization of the three direct cross-Straits links on transport, mail and trade in its "Message to Compatriots in Taiwan." After 1979, the mainland allowed Taiwan products to enter at lower tax rates or tax-exempt. In July 1988, the State Council, or the Cabinet, issued regulations encouraging Taiwan compatriots to invest on the mainland. The mainland has been the largest trading partner of Taiwan since 2003, with annual trading volume surpassing 100 billion U.S. dollars.
BEIJING, June 16 (Xinhua) -- For the first time in more than one year, China reduced its holding of U.S. Treasury bonds, and experts told Xinhua Tuesday that move reflected concern over the safety of U.S.-dollar-linked assets. Data from the U.S. Treasury showed China pared its stake in Treasury bonds by 4.4 billion U.S. dollars, to 763.5 billion U.S. dollars, as of the end of April compared with March. Tan Yaling, an expert at the China Institute for Financial Derivatives at Peking University, told Xinhua that the move might reflect activity by China's institutional investors. "It was a rather small amount compared with the holdings of more than 700 billion U.S. dollars." "It is unclear whether the reduction will continue because the amount is so small. But the cut signals caution of governments or institutions toward U.S. Treasury bonds," Zhang Bin, researcher with the Institute of World Economics and Politics of the Chinese Academy of Social Sciences, a government think tank, told Xinhua. He added that the weakening U.S. dollar posed a threat to the holdings of U.S. Treasury bonds. The U.S. government began to increase currency supply through purchases of Treasury bonds and other bonds in March, which raised concern among investors about the creditworthiness of U.S. Treasury bonds. The move also dented investor confidence in the U.S. dollar and dollar-linked assets. China, the biggest holder of U.S. Treasury bonds, is highly exposed. In March, Premier Wen Jiabao called on the United States "to guarantee the safety of China's assets." China is not the only nation that trimmed holdings of U.S. Treasury bonds in April: Japan, Russian and Brazil did likewise, to reduce their reliance on the U.S. dollar. However, Tan said that U.S. Treasury bonds were still a good investment choice. Hu Xiaolian, head of the State Administration of Foreign Exchange, said in March that U.S. Treasury bonds played a very important role in China's investment of its foreign exchange reserves. China would continue to buy the bonds while keeping an eye on fluctuations. Zhang said it would take months to see if China would lower its stake. Even so, any reduction would not be large, or international financial markets would be shaken, he said. Wang Yuanlong, researcher with the Bank of China, said the root of the problem was the years of trade surpluses, which created the huge amount of foreign exchange reserves in China. It left China's assets tethered to the U.S. dollar, he said. He said making the Renminbi a global currency would cut China's demand for the U.S. dollar and reduce its proportion in the trade surplus.
TIANJIN, May 8 (Xinhua) -- Chinese Vice Premier Zhang Dejiang urged enterprises to contribute to industrial growth by bringing central government's guidance of boosting domestic demand into full play. Zhang made the remark during his visit to 13 enterprises in the machinery, light industry, petrochemical, textile, auto and other sectors as well as ports, in Tianjin Municipality from May 7 to 8. Zhang said positive signs had been seen in the country's industrial sector, but there were still challenges ahead. He underscored firm implementation of the central government policy to ensure economic growth, boost domestic demand and enhance industrial upgrading. He encouraged enterprises to seek to produce products that would meet market needs and expand both domestic and international markets. Enterprises should improve their management and push forward innovation and structural adjustment, he said.
BEIJING, June 10 (Xinhua) -- China hopes to deepen economic and trade cooperation with Kyrgyzstan for mutual benefit, Chinese Vice Premier Wang Qishan said here on Wednesday. Wang made the remarks at his meeting with visiting first deputy prime minister of Kyrgyzstan Omurbek Babanov. Chinese Vice Premier Wang Qishan (R) shakes hands with Kyrgyzstan's First Deputy Prime Minister Omurbek Babanov during their meeting in Beijing, capital of China, on June 10, 2009. Babanov paid his visit to China to attend the 8th meeting of the China-Kyrgyzstan joint commission on economic and trade cooperation. Expressing his congratulations on the successful conclusion of the meeting, Wang said the two countries enjoyed deepening mutual political trust and sound development of economic and trade cooperation in recent years. Wang also expressed China's hope for the two sides to strengthen feasibility study of important cooperative projects. Babanov said Kyrgyzstan was ready to boost bilateral cooperation in all fields, in efforts to push forward bilateral relations. Kyrgyzstan is a member of the Shanghai Cooperation Organization(SCO), a regional organization which also comprises China, Russia, Kazakhstan, Tajikistan and Uzbekistan. Chinese President Hu Jintao will attend the ninth SCO annual summit on his state visit to Russia from June 14 to 18. Leaders are expected to discuss measures on tackling the economic downturn as well as expanding economic cooperation.