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GENEVA, July 20 (Xinhua) -- China on Monday formally requested the World Trade Organization (WTO) to set up an expert panel to investigate and rule whether a U.S. ban on Chinese poultry imports violates WTO regulations. The request was made at a meeting of the WTO's Dispute Settlement Body, but it was rejected by the United States according to relevant procedures. During the meeting, the Chinese delegation reiterated that the U.S. measure is "discriminatory" and "has damaged the lawful rights and interests of China's poultry industry." "While violating various WTO rules, the measure has severely undermined the stable development of Sino-U.S. trade in poultry products," the Chinese delegation said. At the heart of the dispute is the U.S. Omnibus Appropriations Act of 2009, which contains a section prohibiting any funds being used to facilitate imports of poultry products from China. The act was signed into U.S. law in March, and China filed complaints to the WTO in on April 17. While Monday's request for the WTO panel was rejected by the United States, China could make a second request at the end of this month. After the second request, the WTO panel will be established automatically. It usually takes more than half a year for a WTO panel to give its final ruling on a trade dispute. China and the United States banned imports of each other's poultry products in 2004 following outbreaks of bird flu. They agreed to lift the bans at the Sino-U.S. Joint Commission on Commerce and Trade in 2004. China did lift the ban but has complained that the United States was not following suit. China imported 580,000 tons of chicken products from the United States last year, accounting for about 75 percent of total chicken imports.
SHANGHAI, Aug. 23 (Xinhua) -- Serbian President Boris Tadic on Sunday visited China's economic powerhouse Shanghai, continuing his week-long visit to the country. Accompanied by Wei Jinghua, China's ambassador to Serbia, Tadic arrived here Saturday evening from the ancient capital Xi'an in northwest China. During his stay, Tadic visited the landmarks of Shanghai, such as the Oriental Pearl TV Tower, Yuyuan Garden, a renowned traditional Chinese-style garden, and the Shanghai Urban Planning Exhibition Center, where the progress of and plans for the city's major projects are illustrated. Serbian President Boris Tadic (1st R) looks at a Shanghai local dwelling during his visit at the Shanghai History Museum in Shanghai Municipality, east China, Aug. 23, 2009. Tadic made the week-long visit as guest of his Chinese counterpart Hu Jintao.
JINAN, East China, Oct. 16 (Xinhua) -- Chinese President Hu Jintao met International Olympic Committee President Jacques Rogge who was invited to attend the 11th Chinese National Games on Friday. Hu Jintao extended welcome to Rogge and offered his congratulation on Rogge's re-election as IOC President. Chinese President Hu Jintao (R) meets with International Olympic Committee (IOC) President Jacques Rogge, who is here for the 11th Chinese National Games, in Jinan, east China's Shandong Province, on Oct. 16, 2009Hu said that the support from IOC and the efforts from all members of international Olympic family made the Beijing Olympic Games and the Paralympic Games complete success, which promoted the Olympic spirit and further development of international Olympic movement. Hu added that the success of the Olympic Games and the Paralympic Games deepened the exchange and cooperation between China and the international Olympic family. He expressed gratitude to Rogge for making important contributions to the success of the Games and said that China would like to share its experience with London and Rio de Janeiro so as to make new contribution to the international Olympic movement. Rogge, who is on his third visit to attend Chinese National Games, said the National Games manifested the great energy of Chinese sports. He added that Beijing Olympic Games last summer has left unique legacy in sports, environment and development to the world and the IOC chief also expressed his thanks to China for the support to London and Rio de Janeiro, host cities of 2012 and 2016 Olympic Games.
DALIAN, Sept. 10 (Xinhua) -- Following is the translated version of the full text of Chinese Premier Wen Jiabao's speech delivered here on Thursday at the opening ceremony of the Annual Meeting of the New Champions 2009, or Summer Davos: Build up in an All-round Way the Internal Dynamism of China's Economic Development Speech by H.E. Wen Jiabao Premier of the State Council of the People's Republic of China At the World Economic Forum Annual Meeting of New Champions 2009 Dalian, 10 September, 2009 Professor Klaus Schwab, Executive Chairman of the World Economic Forum, Distinguished Guests, Ladies and Gentlemen, Chinese Premier Wen Jiabao addresses the opening plenary of the Annual Meeting of the New Champions 2009, or the Summer Davos, in Dalian, northeast China's Liaoning Province, Sept. 10, 2009. Let me begin by extending warm congratulations on the opening of the third Annual Meeting of the New Champions, or the Summer Davos, and a sincere welcome to you all. Over the past year, the world economy has experienced the most severe challenge since the Great Depression. We may recall the worries voiced by many people early this year when we gathered in Davos for the World Economic Forum annual meeting. Since then, thanks to the concerted efforts and active measures of the entire international community, some positive changes have taken place. The world economy is beginning to recover, although the process is slow and tortuous. We can now see the light of dawn on the horizon.This is a critical juncture and it is highly significant for political leaders, entrepreneurs, experts and scholars of various countries to gather together here and discuss how to "Relaunch Growth" of the world economy. I sincerely wish this meeting a great success! This unprecedented global financial crisis has taken a heavy toll on the Chinese economy. Yet, we have risen up to challenges and dealt with the difficulties with full confidence. And we have achieved initial results in our endeavor. We have arrested the downturn in economic growth. In the first half of this year, China's GDP grew by 7.1 percent, investment expanded at a faster pace, and consumption maintained fast and steady growth. Domestic demand played a stronger role in driving the economy forward. From January to July, 6.66 million new urban jobs were created, income of urban and rural residents increased, and overall social stability was maintained. We effectively managed fiscal and financial risks and kept budget deficit and government debt at around 3 percent and 20 percent of the GDP respectively. Banks' asset quality and ability to fend off risks were improved. At the end of June, the NPL ratio of commercial banks was 1.8 percent, down by 0.64 percentage point from the beginning of the year, and capital adequacy ratio stood at 11.1 percent. With the world economy still mired in recession, it is by no means easy for us to have come this far. The achievements we have made are not something that dropped into our lap. Rather, they are the results of the proactive fiscal policy and moderately easy monetary policy and the stimulus package that the Chinese government and people have pursued in line with the national conditions. Some people take a simplistic view and believe that China's stimulus package means only the four trillion RMB yuan investment. This is a total misunderstanding. China's stimulus package focuses on expanding domestic demand and is aimed at driving economic growth through both consumption and investment. Of the total four trillion yuan in the two-year investment program, 1.18 trillion yuan will come from the central government, and it will mainly be used to generate greater investment by local governments and the non-public sector. We have made vigorous efforts to stimulate consumption and make domestic demand, particularly consumer spending the primary driver of economic growth. We have increased subsidies for farmers, raised the minimum purchasing price of grains, introduced performance-based salaries for primary and middle school teachers, and increased the basic cost of living allowances for urban and rural residents so that the people will be able to spend more. In order to boost consumption, we have offered subsidies for the program of bringing home appliances, agricultural machinery, automobiles and motorcycles to the countryside and the program of exchanging used automobiles and home appliances for new ones. Purchase taxes on small-engine and energy conserving and environment friendly cars have been cut by half. In the first seven months, a total of 7.31 million cars were sold and total retail sales of consumer goods rose by 15 percent.