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BEIJING, Sept. 26 (Xinhua) -- The Chinese foreign minister on Saturday described President Hu Jintao's trip to the United States to attend four important summits as a significant and far-reaching diplomatic move. Foreign Minister Yang Jiechi made the remarks while briefing journalists who traveled to New York and Pittsburgh with Hu. Yang said that the four summits in the U.S. that Hu participated in focused on such attention-grabbing issues as the international financial crisis, climate change, non-proliferation and nuclear disarmament. Those issues have a significant bearing on international relations and on the global situation in the future, Yang said. He said those issues also have a direct bearing on China's long-term development and fundamental interests. Participating in four summits in as many days was an unprecedented diplomatic move by a Chinese president since the founding of the People's Republic of China in 1949, Yang said. Chinese President Hu Jintao attends the Group of 20 (G20) Financial Summit in Pittsburgh of the U.S., Sept. 25, 2009 He said Hu systematically advanced China's viewpoints and stances on important global and regional issues during the four summits. Yang highlighted the 64th United Nations General Assembly, which drew more than 140 heads of state and government, and the world body's general debate during which Hu delivered his key-note speech "Join hands to create the future." The foreign minister quoted Hu as saying that the world is undergoing a hectic period of big development and reform and that it is seeing a stronger trend toward peace, development and cooperation. Hu pointed out during his U.N. speech that the world's peace and development is faced with serious challenges resulting from instability and uncertainty in the global situation. The Chinese president urged the international community to cherish the concepts of peace, development, cooperation, win-win and tolerance in their effort to promote a lasting peace, co-prosperity and a harmonious world. Yang said Hu proposed that the international community view the security issue through a broader view-finder, conduct cooperation with more open hearts, and materialize harmonious co-existence via a more tolerant mentality. Hu stressed in his speech that China's destiny is increasingly linked with that of the entire world. He said that China will stick to its path of peaceful development, one that leads to mutual benefits and a win-win scenario. He said China also will stick to the five principles of peaceful co-existence while pursuing friendly cooperation with all of the other countries in the world. China was, is and will remain a strength to be reckoned with in the maintenance of world peace and in the promotion of co-development of the world. As a responsible big country in the midst of development, China has performed its obligation to the U.N. Millennium Declaration by extending assistance to more than 120 countries. It also has written off debts owed it by 49 heavily indebted countries and least developed countries, and is offering zero-tariff treatment to exports from 40 least developed countries. China also will beef up its support for the developing countries that have been affected most by the international financial crisis. Hu said that China will continue its support to the developing nations by speeding up their growth to meet their millennium goals; China will continue to give the assistance promised to African countries during the Sino-Africa Summit; and China will continue to participate and promote the regional monetary and financial cooperation. Yang, who accompanied Hu to New York and Pittsburgh, said that the world sees the Chinese president's speech at the U.N. as commanding a strategic viewpoint and carrying a far-reaching connotation. Hu's speech demonstrated that China is playing an irreplaceable role in international and regional affairs as a builder of international systems, Yang said. He said that the international community welcomes China to play an even larger role on the international stage. At the U.N. non-proliferation and disarmament summit, Hu advanced his statement on the new security concept that China advocates. It was the first time in the past decade that a Chinese leader elaborated on China's policy toward nuclear issues in person at a multilateral occasion. Yang quoted Hu as saying that China has always advocated a total ban and total destruction of nuclear weapons. Hu said China will stick to its self-defense nuclear strategy and to its promise not to be the first to ever resort to nuclear weapons under any circumstance. China has also obliged itself to not threaten nuclear-free countries and regions with the use of nuclear weapons. Hu told the non-proliferation and disarmament summit that China will continue to promote the process of international nuclear disarmament and to contribute efforts toward the system safeguarding the implementation of the non-proliferation treaty. This approach, Hu said, has fully demonstrated China's fairness, responsibility and contribution toward the construction of a nuclear-free world, which reflected the legitimate claim by the developing countries, safeguarded the interests of the developing countries and helped to move the non-proliferation and disarmament talks to a more positive direction of development. Yang described the G-20 summit as an effective platform on which the international community can cooperate in its joint dealings with the ongoing international financial and economic crises to better governance of the global economy. Hu has participated in all three of the G-20 summits centered on the financial crisis. In Pittsburgh, Hu made it clear that though the world has seen positive economic signs, there is a long way to go before full recovery is achieved because there are many uncertainties remaining. The Chinese president listed three tasks the international community must deal with without hesitation in face of their efforts to end the recession. The tasks, Yang re-capped, are to keep stimulating economic growth, to promote reform of the international financial system, and to strike a balanced development of the world economy. Hu said in Pittsburgh that all of the concerned countries should keep their stimulus plans in place and make more efforts in promoting consumption and domestic demand. He warned that those countries should also keep an eye on any potential side-effects of their efforts, especially concerning inflation. The developing countries, Hu said, should be given more representation and say in the world's international financial institutions. He said that all of the countries concerned also should make efforts to forge an international mechanism for balanced development of the world economy. Cooperation in technology should be given high priority so as to help bridge the gap between the developed and developing countries, Hu suggested. Hu cited China as an obvious example of the packaged stimulus plan in face of the ongoing financial and economic crises. He said that his country would continue to carry out its promised and planned assistance to developing countries, especially those in Africa, and would try within its capacity to increase such assistance. Hu's viewpoints and proposed measures on international cooperation on financial system won praise from many heads of state and government in Pittsburgh, Yang said. The foreign minister said that the president based his proposals on safeguarding the fundamental interests of the people in China and around the world and therefore his viewpoints and measures got nods of approval from many of the leaders at the G-20summit. As the U.N. climate change conference in Copenhagen approaches, Yang said the issue of climate change is attracting greater public attention. Because China is the largest developing country and an emerging economy, its stand on the issue is closely watched by the international community, Yang said. "Global climate change has a profound impact on the existence and development of mankind and is a major challenge facing all countries," Hu stressed. During his speech at the U.N. climate change summit, Hu put forward a four-point proposal on joint efforts to deal with climate change by the international community. Fulfilling respective responsibilities should be at the core of the effort, Hu said. Concerned parties should positively implement the "Bali Roadmap" talks according to the requests of the United Nations Convention on Climate Change and the Kyoto protocol, Hu said. Achieving mutual benefits and a win-win outcome should be the goal of the effort, Hu said. Supporting developing countries in countering climate change is a responsibility of developed countries and also benefits their long-term interests, Hu said. "We should realize a win-win outcome for both developed and developing countries, and interests of each state and the whole mankind," he said. Promoting common development should be the basis of the effort, the president said. "Without common development, particularly the development of developing countries, there cannot be a broad and solid basis in the long run for tackling climate change," he said. Ensuring financing and technology holds the key to the success of the effort, Hu noted. He urged the developed countries to take up their responsibilities and provide developing nations with new financial support to facilitate their dealings with climate change. Although China faces a lot of difficulties in the course of development, it attaches great importance to climate change and has taken a series of measures to address the issue, Hu said. The Chinese leader pledged that his country will further integrate actions on climate change into its economic and social development plan. China will intensify efforts to conserve energy and improve energy efficiency, vigorously develop renewable and nuclear energy and step up efforts to develop a green economy, he said. As a responsible country, Hu said, China will make the Copenhagen conference achieve positive results. Hu emphasized the principle of common but differentiated responsibilities, and said that China firmly safeguards the interests of developing countries. Hu announced significant measures China will adopt on emission reduction, which have been lauded by the international community, Yang said. Many foreign leaders said Hu's speech hit the high points of current climate change talks, reflected the common aspirations of the developing countries, and showed the image of a responsible and large country, the foreign minister said. After meeting with dozens of foreign leaders on the sidelines of the U.N. meetings and the G-20 financial summit, Hu reached consensus with them on bilateral relations and joint efforts to deal with the financial crisis, Yang said. During talks with U.S. President Barack Obama, Hu pointed out that China and the United States should maintain frequent high-level exchanges and implement their pledges made at the first China-U.S. Strategic and Economic Dialogue in Washington in July. They also should deepen cooperation on major international and regional issues, expand exchanges on humanity, properly address each other's interests and concerns, and firmly oppose protectionism, Hu said. When meeting with Russian President Dmitry Medvedev, Hu said China attaches great importance to enhancing its strategic partnership of cooperation with Russia. He said China is working to implement the consensus reached between the two sides. Both leaders agreed to further expand exchanges in various fields and deepen the Sino-Russian strategic partnership of cooperation. Yang said Hu's meeting with Japanese Prime Minister Yukio Hatoyama was the first between the two leaders since Hatoyama was elected prime minister on Sept. 16. During their talks, Hu said the two sides should enhance high-level exchanges so as to improve political trust, promote trade and economic cooperation, and improve the feelings of their people toward each other in order to consolidate the basis of good public opinion. Hu said that Japan's war-time history and Taiwan are two major issues concerning the political basis of Sino-Japanese relations. China hopes Japan can live up to its commitment and properly handle the two issues. When meeting with his French counterpart Nicolas Sarkozy, Hu said China is ready to work with France to review the historical experience of bilateral relations, and promote a healthy and steady development of the comprehensive strategic partnership between the two nations. Hu also met with South African President Jacob Zuma, South Korean President Lee Myung-bak, President Gurbanguly Berdymukhamedov of Turkmenistan and President Evo Morales of Bolivia on bilateral ties and major issues of common concern. Yang said China has maintained friendly cooperation with nations in the world, and has forged partnership with many. Frequent high-level exchanges are an important way to boost bilateral ties with other countries. Yang summed up Hu's attendance at the four summits as a complete success. China will earnestly implement the consensus reached by Hu at the U.N. summits and expand cooperation with other nations to jointly meet the global challenges so as to contribute to the world's peace, stability and development, he said.
BEIJING, Aug. 11 (Xinhua) -- China's key July economic data adds to the optimism that the world's third largest economy is back on the track to recovery amid the global downturn, though challenges still persist. The July decline compared MORE POSITIVE CHANGES Both investment and consumption, two major engines that drive up China's growth, increased, according to statistics the National Bureau of Statistics (NBS) released Tuesday. Urban fixed-asset investment rose 32.9 percent year on year in the first seven months. Retail sales, the main measure of consumer spending, rose 15.2 percent in July, following a 15 percent growth in June. Graphics shows China's consumer price index from January of 2008 to January of 2009. The CPI was down 1.8 percent in July compared with the same month a year earlier, according to National Bureau of Statistics of China on Aug. 11, 2009Further signs of rebound in private spending supported a sustained growth recovery, Peng Wensheng, analyst at the Barclays Capital, said in an e-mailed statement to Xinhua. Although exports, another bedrock that fueled China's fast growth in the past few years, fell on a year-on-year basis last month, there were signs of improvement. China's foreign trade figures were better than they looked on the surface. July exports fell 23 percent from a year earlier, but increased 10.4 percent from June. Imports declined 14.9 percent year on year last month, but rose 8.7 percent month on month. According to the General Administration of Customs, the country's foreign trade has risen since March measured from month to month, and the trend of recovery had stabilized. Improvements in these data indicated China's economy was recovering and the government's policies to boost domestic demand and stabilize foreign trade had paid off, said Zhang Yansheng, a researcher with the National Development and Reform Commission (NDRC), the country's economic planner. Among other statistics released Tuesday, industrial output climbed 10.8 percent in July from a year earlier, quickening from 10.7 percent in June and 8.9 percent in May. Power generation, an important indicator measuring industrial activities, expanded 4.8 percent in July. Peng expected the country's economic growth to rise above 8 percent in the third quarter this year and 10 percent in the fourth quarter. POLICY STANCE UNCHANGED Despite these positive changes in China's economy, uncertainties still existed in world economic development and some domestic companies and industries faced difficulties, said Song Li, deputy chief of the Academy of Macroeconomic Research under the NDRC. As a result, the macro-economic policy orientation should remain unchanged, Song said. China's economy grew only 7.1 percent in the first half this year. This compared with double-digit annual growth during the 2003-2007 period and also the first two quarters last year. The government set an annual target of 8 percent for this year's economic growth, which was said essential for expanding employment. China unveiled a four-trillion-yuan (584.8 billion U.S. dollars) stimulus package and adopted proactive fiscal policy and moderately loose monetary policy to expand domestic demand, hoping increases in investment and consumption would make up for losses from ailing exports. To stimulate economy, lenders pumped 7.73 trillion yuan of new loans into the economy in the first seven months, the People's Bank of China, the central bank, said Tuesday. The surge in credit, however, sparked concerns over possible inflation and speculation about a shift in the country's monetary policy. Economists dispelled such concerns, saying consumer prices were still falling and the growth in new bank loans eased in July. The consumer price index (CPI), a main gauge of inflation, dipped 1.8 percent in July from a year earlier. The producer price index (PPI), which measures inflation at the wholesale level, fell 8.2 percent year on year last month. New lending in July cooled to 355.9 billion yuan, less than a quarter of the June total of more than 1.5 trillion yuan. Premier Wen Jiabao reaffirmed during the weekend that China would unwaveringly adhere to its proactive fiscal and moderate monetary policies in face of economic difficulties and challenges, like ailing exports and industrial overcapacity. Wen's stance echoed Zhu Zhixin, vice minister in charge of the NDRC, who underscored on Friday that there would be no change in China's macro-economic policy as the overseas market was still severe. He warned that any change in the macro-economic policy would disturb the recovery or rebound momentum, or even perish the previous efforts and achievements. "Efforts to keep a stable and fast economic development is the top priority of the country in the second half," he said.
NEW DELHI, Aug. 7 (Xinhua) -- Sonia Gandhi, chairperson of India's ruling Congress-led United Progress Alliance (UPA), Friday expressed her wish that relations between India and China can be enhanced with common efforts by the two countries. During a meeting with visiting Chinese State Councilor Dai Bingguo, Gandhi said that there exists a very solid basis for developing friendly and cooperative relations between India and China. Dai conveyed cordial greeting and good wishes from General Secretary of the Central Committee of the Communist Party of China and Chinese President Hu Jintao, who also expressed his congratulations to the Congress party and the UPA for successfully winning a second term of government in the general elections this year. Indian Congress Party President Sonia Gandhi (R) shakes hands with Chinese State Councilor Dai Bingguo in New Delhi, capital of India, Aug. 7, 2009 Dai said that the Chinese government pays great importance to developing long-term, stable and healthy friendly cooperative relations with India. Under the current international and regional situation, China and India have huge potentials to develop their bilateral cooperation as two biggest developing countries in the world. Dai also expressed his belief that the future of such cooperation is very bright. Dai praised the UPA for helping push forward relations with China since it assumed power more than five years ago. He said that President Gandhi has personally made great efforts for the development of Sino-Indian relations as leader of the UPA and the Congress party. Dai also said China is willing to make common efforts with India to upgrade the bilateral strategic cooperative partnership to a new level. Gandhi also memorized the 1988 historic visit to China by her late husband, former Prime Minister Rajiv Gandhi, as well as her attendance of the opening ceremony of the 2008 Beijing Olympics. She expressed her wish that as the 60th anniversary of establishment of diplomatic relations between India and China is nearing, the peoples of India and China, especially the youth of the two countries, increase human exchanges to build a good social foundation for furthering friendship between the two countries. Dai and Gandhi also exchanged views on strengthening friendly ties between the Communist Party of China and the Congress party of India.
MOSCOW, Oct. 15 (Xinhua) -- The future of Russia-China relations is looking bright following Russian Prime Minister Vladimir Putin's three-day visit to China, which included the 14th Chinese-Russian prime ministers' meeting with Chinese Premier Wen Jiabao. Chinese President Hu Jintao, who met with Putin on Wednesday, the last day of his visit, spoke highly of the development of the China-Russia strategic partnership of coordination and the results of the 14th regular meeting between Putin and his Chinese counterpart. Hu said China was willing to exert joint efforts with Russia and take the opportunities to further enhance political mutual trust, deepen pragmatic cooperation, especially cooperation on energy, high technology and culture, to elevate the China-Russia strategic partnership of coordination to a new high. Chinese President Hu Jintao (R) meets with Russian Prime Minister Vladimir Putin in Beijing, capital of China, Oct. 14, 2009 USHER IN A NEW STAGE IN BILATERAL TIES China-Russia ties have become mature and stable since the forging of bilateral diplomatic ties 60 yeas ago, particularly since the establishment of the China-Russia strategic partnership of coordination in 1996. The partnership has reached an unprecedented high level and maintains a sound momentum of rapid development. The development of China-Russia relations has not only brought tangible benefits to both peoples, but has gone far beyond the relationship between the two countries and become a significant factor in facilitating world peace and stability. Wen, during talks with Putin, stressed that China was ready to work with Russia to take the China-Russia strategic partnership of coordination to a new phase. Putin, in an interview with Xinhua and other major Chinese media, said Russia-China cooperation is one of the most important cornerstones of world stability. Chinese Premier Wen Jiabao (R Front) shakes hands with Russian Prime Minister Vladimir Putin (L Front) after signing the joint communique of the 14th regular prime ministers' talks between China and Russia, at the Great Hall of the People in Beijing, capital of China, Oct. 13, 2009The joint communique, signed after the regular meeting between Wen and Putin, reiterated that the China-Russia strategic partnership of coordination was the priority of both countries' foreign polices. The two sides would observe the principle and spirit of the treaty on good-neighborly and friendly cooperation, firmly reinforce strategic coordination and pragmatic cooperation, jointly tackle new threats and challenges, and push for a multi-polar world and the democratization of international relations. During Putin's stay in Beijing, the two countries inked an agreement on mutual notification of ballistic missiles and launch of carrier rockets, demonstrating the extraordinary level of strategic mutual trust. BOOSTING BILATERAL TRADE & ECONOMIC COOPERATION High on Putin's agenda for his trip was to widen cooperation fields and move forward pragmatic trade and economic cooperation. An enhanced China-Russia strategic partnership of coordination has greatly boosted bilateral trade and economic cooperation, with the two-way trade volume soaring to 56.8 billion U.S. dollars last year from barely several billion dollars in early 1990s. Chinese Premier Wen Jiabao (R Front) and Russian Prime Minister Vladimir Putin (L Front) meet the entrepreneurs' delegates who are here to attend the Fourth China-Russia Economic and Trade Summit Forum at the Great Hall of the People in Beijing, capital of China, Oct. 13, 2009However, bilateral trade was hit hard by the international financial crisis. The regular meeting between prime ministers agreed that the two countries would use tough measures to jointly handle the economic downturn and ensure the general trend of constantly broadening and deepening trade and economic ties. During the visit, Putin was accompanied by a group of Russian business people, who signed with their Chinese counterparts deals worth 4 billion U.S. dollars. The two countries clinched an array of cooperation documents, including agreements and memorandums on natural gas, oil, an express railway, the space industry and nuclear energy. Although the bilateral trade volume shrank, both sides' position in each other's foreign trade ties became more prominent and the trade structure is improving gradually. Progress has been made on investment cooperation and more joint projects such as lumber processing, resource exploitation and infrastructure construction have been carried out on Russian territories. In particular, the two countries are pushing forward large-scale oil and gas projects in a steady manner. The launch of the China-Russia oil pipeline project marked a new stage of long-term and strategic cooperation in the oil sector. The two sides will also advance gas cooperation in accordance with a memorandum of understanding on gas cooperation reached in June. Meanwhile, the two states are fulfilling an outline of regional cooperation between Northeast China and the Russian Far East Area and Eastern Siberia, which envisions prosperous cooperation between border regions. The economies of China and Russia are mutually complementary and in a critical phase in development. As long as they plan from a long-term perspective, display their strengths and cooperate closely, they will overcome the current difficulties and realize a win-win situation. BEEFED UP CULTURAL COOPERATION On Tuesday, Putin and Wen attended an evening gala to mark the 60th anniversary of bilateral diplomatic ties at the Great Hall of the People in Beijing. They also celebrated the success of the Year of Russian Language in China. Russian performers dance during an evening gala to celebrate the 60th anniversary of the establishment of diplomatic relations between China and Russia at the Great Hall of the People in Beijing, capital of China, Oct. 13, 2009. Chinese Premier Wen Jiabao and his Russian counterpart Vladimir Putin attended the evening gala. The evening gala also marked the end of a half-year-long program, "Year of Russian Language" in ChinaThe reciprocal language years, Year of Russian Language in China in 2009 and Year of Chinese Language in Russia in 2010, is an important step to enhancing bilateral cultural cooperation under current conditions. Leaders of both countries have always attached great importance to exchanges between the two peoples, especially the youth, which would promote the understanding and friendship between the them and thus consolidate the social foundation of the China-Russia strategic partnership of coordination. More than 200 events, which involved tens of thousands of people, were staged during Year of Russian Language in China. Putin said that Year of Chinese Language in Russia would see a series of activities that would interest the young, experts and scholars, and fans of the Chinese culture. During Putin's visit, the two countries also signed a deal on forming culture centers reciprocally, and agreed to further exchanges between students, youth and education circles, as well as stepping up cooperation on tourism, health and care, sports, media and the film industry. There is reason to believe that, with the efforts by both sides, China-Russia cultural cooperation will yield more fruitful results and lay a solid foundation for the Sino-Russian strategic partnership of coordination.