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VIENTIANE, June 16 (Xinhua) -- Visiting Chinese Vice President Xi Jinping told Lao people here on Wednesday that China will consolidate traditional friendship with Laos.Xi made the remarks when meeting with a group of Lao people who have a long friendship with China. They include Lao Communications, Transport, Post and Construction Minister Sommath Pholsena and Vice Minister of Industry and Commerce Khemmani Pholsena.During the meeting, Xi said the close friendship between China and Laos is forged by leaders of older generation and enriched by peoples of the two countries for generations.Chinese Vice President Xi Jinping views old photos with Laos representatives friendly to China in Vientiane, June 16, 2010. Xi said China and Laos have decided to establish comprehensive strategic cooperative partnership. He expected the two countries to carry on the traditional friendship, promote mutual beneficial cooperation in all fields and make new contribution to develop bilateral relations.The two ministers expressed their appreciation to Xi for meeting with them. They said the meeting demonstrates the deep friendship between the two peoples.They also said Lao people vow to carry on friendship with China and push forward friendly cooperation between the two countries.
BEIJING,Aug 9(Xinhuanet) -- China's high savings rate is expected to fall substantially in coming years as its workforce shrinks, the population ages and social security spending increases, a BIS report shows.In research published by the Bank for International Settlements (BIS) on the “myth and reality” of China’s savings rate, Ma Guonan and Wang Yi found that the Asian giant needs its population to spend more in order to sustain rapid economic growth in coming years.The researchers, who were writing in their personal capacity, also reject claims that Chinese State firms have been benefiting from high savings thanks to exchange rate distortions and subsidies designed to drive economic growth.They point out that “less advantaged” and more efficient firms have been the ones posting the greatest gains in earnings in recent years rather than State-owned companies.China’s gross national savings soared from 39.2 percent of output in 1990 to 53.2 percent in 2008, far higher than the United States, which saved only 12.2 percent in 2008.Even compared to other Asian giants — Japan with 27 percent in 2007 and India with 33.6 percent in 2008 — China’s share of savings as a percentage of gross domestic product (GDP) is significantly larger.Nonetheless, the population and social trends that have underpinned China’s growth and savings rates are likely tail off significantly over the next decade, the two Chinese researchers argued.In the wake of the global slump, world leaders and economists have been asking China to spend more, rather than pin its economic growth on exports to the West, in order to help address world trade imbalances.Ma, a BIS economist and Wang, who is from the Chinese central bank, said however that the current savings trend by Chinese households will not last.The swelling working population in recent years has boosted savings in recent years, they said.In addition, large-scale corporate restructuring between 1995 and 2005 increased job uncertainty, forcing workers to set aside more money in case they were fired. The lack of a social safety net also pushed workers to make “precautionary savings.”Beyond households, government savings have also been increasing in tandem, as more is being set aside to meet pension needs which are expected to rise significantly as the population ages.However, these trends are expected to be reversed in coming years.“It is reasonable to assume that the large-scale labor retrenchment observed during 1995 to 2008 is by and large been behind us,” say the researchers.In addition, China is expected to enter into a phase of “accelerated population ageing within a decade.” This means that the workforce will decline, leading to a fall in overall income and therefore savings.At the same time, infrastructure spending is expected to continue, in order to provide for the ageing population and the urbanization of the country.

BEIJING, July 16 (Xinhua) -- Chinese Premier Wen Jiabao and German Chancellor Angela Merkel started talks here Friday, focusing on economic and political issues.Wen hosted a red-carpet welcome ceremony for Merkel, who is on her fourth China tour since taking office, before the meeting at the Great Hall of the People. Chinese Premier Wen Jiabao (R) hosts a red-carpet welcome ceremony for visiting German Chancellor Angela Merkel in Beijing, China, July 16, 2010.
CANBERRA, June 17 (Xinhua) -- Prime Minister Michael Somare on Thursday met with Liu Jieyi, vice minister of the International Department of the Communist Party of China (CPC) Central Committee.Liu, who was leading a CPC friendship delegation, said the relationship between China and Papua New Guinea exemplifies China's friendly cooperation with Pacific nations.China appreciates Papua New Guinea's adherence to the one-China policy, and would like to make joint efforts with the country to deepen their exchanges and cooperation in all fields, Liu said.He said China also would like to fully unleash the potential of economic and trade cooperation, and push for sound and stable development of bilateral ties between the two countries.The CPC would like to strengthen communications with Papua New Guinea's ruling National Alliance in order to learn from each other and enhance political mutual trust, Liu said.Somare said his country regards China as an important development partner, and he is satisfied with development of their bilateral ties.
URUMQI, June 28 (Xinhua) -- China sent two chartered aircraft carrying 26 tonnes of new relief materials to Kyrgyzstan early Monday to help refugees who suffered shortages of supplies after violent ethnic clashes this month.The two China Southern Airlines Boeing 757 cargo aircraft brought the materials to the southern Kyrgyzstan city of Osh from Urumqi, capital of northwest China's Xinjiang Uygur Autonomous Region, a spokesman with the carrier's Xinjiang Branch said.The aid materials worth 3 million yuan (440,000 U.S. dollars) include rice, oil, biscuits, black tea, milk powder, blankets, clothes, stationary and sanitary materials, said Chinese Foreign Ministry spokesman Qin Gang in a press release."China hopes the aid will help Kyrgyz authorities to resettle the refugees," Qin said.China Southern Airlines, one of the country's leading carriers, has been heavily involved in the evacuation of Chinese nationals and transportation of relief supplies after clashes broke out between Kyrgyz and ethnic Uzbeks in Osh in mid-June.The clashes later spread to the region of Jalalabad, leaving 210 people dead and 2,100 injured.Since June 15, China has sent charter planes to ship altogether 80 tonnes of relief supplies, worth 11 million yuan, to Kyrgyzstan and neighboring Uzbekistan which was flooded with Kyrgyz refugees after the clashes, according to China Southern Airlines.
来源:资阳报