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BEIJING, Jan. 2 (Xinhua) -- A cold front is forecast to sweep across northwest and central China over the next few days, as thousands of stranded motorists wait for highways in southwest China to reopen after freezing rain prompted their closure.A cold front will sweep across northwestern China Sunday and Monday, bringing temperature drops and strong winds, the China Meteorological Administration forecast in a statement on its website Sunday.Temperatures will fall 6 to 8 degrees Celsius in northwestern China and eastern parts of the Qinghai-Tibetan Plateau, with some parts seeing a drop of over 10 degrees Celsius.The cold front will move eastward and affect most of central and eastern China on Tuesday and Wednesday, according to the statement.A worker clears snow on the ancient city wall of Xi'an, capital of northwest China's Shaanxi Province, Jan. 2, 2011.Northern regions will see temperature drops of 4 to 8 degrees Celsius, with temperatures in some parts dropping 10 degrees Celsius, the statement said.Light to moderate snow or sleet will fall on the eastern Qinghai-Tibetan Plateau, in northwestern China, and in regions along the Yellow, Huaihe and Yangtze rivers over the coming three days.Both southwest Guizhou and central Hunan provinces will see heavy snowfalls and some parts of the two provinces will experience freezing rain, according to the forecast.In the last 24 hours as of 8 a.m. Sunday, freezing rain had lashed 62 counties and cities in Guizhou.Most expressways in Guizhou were closed Sunday due to freezing rain that has stranded some 6,200 people on highways and some 11,800 others in transportation stations, according to provincial transportation authorities.Transportation authorities have initiated an emergency response, dispatching 545 emergency vehicles and 4,200 personnel since Saturday afternoon to save people from the freezing rain.The rescuers are trying to evacuate the trapped passengers and drivers to nearby villages, service stations and the office buildings of the province's transportation department, said Chen Mengren, director of the department.The local civil affairs department has delivered food, 550 quilts, 800 coats and 4,000 bottles of water to the relief sites set up along the closed highways.The closing of a section of China National Highway 210 in Guizhou at 7 p.m. Saturday had stranded some 1,500 vehicles as of 5 p.m., leaving more than 7,000 occupants trapped in Nandan County in neighboring Guangxi Zhuang Autonomous Region, according to Nandan's publicity department.Highway closing in Guizhou also incurred traffic jam in neighboring Hunan Province, trapping more than 6,000 passengers on a highway leading to Guizhou. As of 8.p.m., most of the stranded passengers had been relocated to the nearby Xinhuang County.According to Guizhou's transportation department, the highway is unlikely to open until Monday and the transportation conditions in the next few days will not be optimistic as more cold fronts are forecast to hit the province from Wednesday to Saturday.Snow and freezing rain have also hit Hunan Province. But meteorological authorities said the possibility of the province suffering from harsh conditions similar to those in the winter of 2008 is small.
BEIJING, Jan. 14 (Xinhuanet) --The country's GDP growth rate will slow to 8.7 percent this year from 10 percent in 2010, and a key challenge in 2011 will be to ensure that anti-inflationary measures do not "significantly" reduce growth, the World Bank said on Thursday.The bank estimates that global GDP, which expanded by 3.9 percent in 2010, will slow to 3.3 percent in 2011, before reaching 3.6 percent in 2012. Developing countries will continue to outstrip growth in developed countries, it said.Amid credit-tightening measures to combat inflation and surging property prices, China's growth is expected to ease to 8.4 percent in 2012, the bank said.Despite the slowdown, China will spearhead Asia's economic expansion. According to the bank's forecast, the overall growth rate for developing Asian economies will ease to 8 percent from last year's 9.3 percent as governments rein in credit to cool inflationary pressures."For China, a big concern is how to ensure a soft landing of the economy without significantly reducing growth when the government takes measures to curb inflation," said Hans Timmer, director of development prospects at the World Bank.The consumer price index (CPI), a main gauge of inflation, accelerated to a 28-month high of 5.1 percent in November from a year earlier and most economists predict that it will be in the region of 4 to 4.5 percent this year.In a bid to combat inflation, the central bank hiked interest rates by 25 basis points twice in the last quarter of 2010.Ardo Hansson, lead economist of the World Bank's Beijing Office, said the country needs more flexibility in its foreign exchange policy to fight inflation.China's central bank set the yuan's mid-point beyond 6.60 against the US dollar for the first time on Thursday, breaching an important barrier just days before President Hu Jintao's visit to the United States next week.The People's Bank of China set the mid-point, from which the currency can rise or fall 0.5 percent on a given day, for daily trading against the dollar at 6.5997, the first time it had broken through 6.60.The yuan has risen around 3.6 percent since June when authorities dropped a peg with the US dollar that had been set to support the economy during the global financial crisis.Some US politicians have been pressing China to allow the currency to rise at a faster pace to help narrow a trade gap.US Treasury Secretary Timothy Geithner repeated his call on Wednesday for a faster appreciation of the yuan and added that such a move could lead to an easing of restrictions on US technology exports to China, with both civilian and military use."The recent quickened pace of yuan appreciation could be considered as a gesture by the Chinese government before Hu's visit to the US," said Dong Xian'an, chief macroeconomic analyst with Industrial Securities.According to Dong, the yuan will appreciate by 5 to 6.6 percent this year, "a moderate pace".Wang Tao, chief China economist at UBS Securities, said they expected the currency to grow by 5 percent in 2011.The yuan can now be increasingly used in cross-border transactions, in a bid to reduce dependence on the US dollar after Premier Wen Jiabao said in March that he was "worried" about holdings of dollar-denominated assets.The central bank is allowing banks and enterprises in areas that carry yuan-settled trade to use yuan-denominated investment overseas directly, it said in a statement on its website on Thursday, describing the initiative as a pilot program.According to data from HSBC, the average monthly volume of yuan-settled trade surged from 0.6 billion yuan ( million) in 2009 to 68 billion yuan between June and November 2010. And one-third of China's cross-border trade may be settled in yuan by 2016, as the government pushes for the internationalization of the currency.

JAKARTA, Nov. 9 (Xinhua) -- China and Indonesia on Tuesday pledged to step up legislative cooperation on top Chinese legislator's visit to the biggest Southeast Asian country."Thank to their crucial role in their own country's political life, the National People's Congress (NPC) of China and Regional Representative Council (RRC) of Indonesia should carry out friendly exchanges at all levels and increase experience sharing on ethnic and religious policy and seeking region's balanced development," Chairman of the NPC Standing Committee Wu Bangguo said in a meeting with RRC Speaker Irman Gusman Tuesday.Irman underscored RRC's commitment to developing sound ties with China, saying it would seek closer bonds with the NPC, promote experience sharing on economy, politics and people-to- people exchanges, draw on China's experience on balanced development.On broader China-Indonesia ties, Wu reviewed the smooth growth of bilateral ties, particularly since the two countries upgraded their relations to strategic partnership in 2005.Wu Bangguo (L), chairman of the Standing Committee of the National People's Congress of China, the country's top legislature, meets with Irman Gusman, chairman of the House of Regional Representatives of Indonesia in Jakarta, Indonesia, Nov. 9, 2010.This is Wu's first visit to Indonesia, which coincided with the 60th anniversary of China-Indonesia diplomatic ties.As developing countries, China and Indonesia share common tasks of growing economy and improving livelihood, Wu said.Wu said China would like to work with Indonesia to deepen strategic cooperation, address challenges and usher in an new era of bilateral ties.Characterizing bilateral relations as "comprehensive and strategic partnership," Irman said Wu's visit to Indonesia was historic and would promote all-round substantive cooperation.During Wu's stay in Jakarta, China announced 10-million-yuan humanitarian aid in cash to Indonesia as earthquake, tsunami and volcanic eruptions wrecked serious havoc on the country.Later Tuesday, a grand reception was held in honor of top Chinese legislator. Around 1,000 Indonesia officials, business entrepreneurs and others attended the reception.In his brief address at the reception, Wu called on Indonesian people of all circles to contribute their wisdom and commitment to China-Indonesia friendly ties.Indonesia was the second leg of Wu's three-nation tour to Southeast Asia, which also included Cambodia and Thailand.Wu will leave Jakarta for Bangkok on Wednesday.
BEIJING, Jan. 9 (Xinhua) -- Lei Jieqiong, a founder and former leader of the China Association for Promoting Democracy (CAPD), died of illness in Beijing on Sunday. She was 106.Lei, with a master's degree from the University of Southern California, was also a well-known law and sociology scholar as well as a famous educator.Photo of Lei Jieqiong.She was chairwoman of the 7th to 9th Central Committee of the CAPD, and honorary president of the 10th and 11th CAPD Central Committee.A close friend of the Communist Party of China, Lei served as vice chairperson of the 6th National Committee of the Chinese People's Political Consultative Conference, and vice chairperson of the standing committees of the 7th and 8th National People's Congress.
BEIJING, Jan. 18 (Xinhua) -- Foreign direct investment (FDI) into China hit a record 105.74 billion U.S. dollars last year, up 17.4 percent year on year, the Ministry of Commerce (MOC) announced Tuesday.In December alone, China attracted 14.03 billion U.S. dollars of FDI, up 15.6 percent year on year, making it the 17th consecutive month of FDI growth since August 2009.The rapid FDI growth could be attributed to robust development in the service sector and the country's central and western regions, said MOC spokesman Yao Jian.FDI in the service sector rose 28.6 percent last year and that in central and western regions climbed 27.6 percent year on year, Yao said.
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