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HONG KONG, March 14 (Xinhua) -- China may get a more level playing field in terms of self-positioning when dealing with the United States amid the economic downturn, but Chinese leaders should beware of the potential traps behind U.S. flattering, scholars and senior editors said Friday. Speaking at a Financial Times forum on Sino-U.S. relations in Hong Kong, the scholars said they expected the bilateral relationship to remain generally healthy in years ahead as both sides want stability and were pragmatic. China is currently preoccupied with tackling the challenges facing itself, such as the need to further restructure the economy, finding an alternative development model to the export-driven growth of the past decades, and even the pressure of social instability. The decisions made by Chinese leaders in dealing with the current crisis "will set the way for the long-term reinvention of the Chinese economy," said Jonathan Fenby, author of A History of Modern China published by Penguin. China will emerge stronger if it can deal with the issues rightly, he said. Lifen Zhang, editor-in-chief of FTChinese.com, said China does not have the strength to be the economic savior amid the current crisis and should handle self-positioning carefully when dealing with the United States. "There is a lot of flattering going on at the moment, but be careful. What do the Americans really want?" he said, adding that a number of scholars have recently written on the topic. On the top of the U.S. agenda was currently the need to restore confidence and integrity in the world's most developed economic system, which calls for cooperation from China, the world's fastest growing developing economy, said Simon Schama, professor of history at the University of Columbia. But Schama said China should bear in mind that the next election in the United States will be in 2010 and avoid overplaying the leverage in its hand. "What the Chinese government ought to be aware of is not so to overplay in its hands this leverage as to encourage a .. backlash" as the conservatives may seize certain popular issues, including trying to present an image of the Obama administration as being too soft, he said.
PATTAYA, Thailand, April 11 (Xinhua) -- Chinese Premier Wen Jiabao, in an interview with Hong Kong and Macao reporters here Saturday, said that the Chinese economy showed signs of better than expected positive changes in the first quarter as a result of the economic stimulus package adopted by China. Firstly, the domestic demand rose on a sustainable basis. Meanwhile, investment in fixed assets increased rapidly and consumer demand grew steadily and relatively rapidly. Although lower from the same period of last year, imports and exports grew on a month-on-month basis in the three-month period, Wen said. This indicates that some sectors and enterprises in China are in a process of gradual recovery. Secondly, industries above the designated size registered month-on-month growth, with a year-on-year increase of 3.8 percent in both January and February, and a year-on-year increase of 8.3 percent in March. Thirdly, the purchase management index and the entrepreneur confidence index of the manufacturing industry both rose, indicating that the Chinese economy has begun to stabilize and recover in some fields, according to Wen. And fourthly, the market confidence went up and the economy became more active over the first three months, with increases in both the stock market and housing market transaction volumes. The positive performances in economic fields suggest that the policies adopted by the central government of China have been timely and correct, and have led to successes, the premier noted. The premier was here to attend the Association of Southeast Asian Nations (ASEAN) related summits. The Chinese premier went back home late Saturday ahead of schedule, after the Thai government postponed the summits because of domestic political unrest. The premier said we should see that China's economy is still facing very serious hardships, which can be attributed to the shrink of external demand and a relatively sharp fall in exports. This has negatively impacted export enterprises, export-oriented industries and export-oriented zones, and has resulted in decreases in business profit making, declines in financial revenues and heavier pressure on employment, he said. As the international financial crisis is deepening and spreading, we should never lose vigilance, Wen warned. As the crisis has not touched its bottom, we can hardly say that the Chinese economy alone has got out of the crisis. China cannot save the world, nor can it survive without the world, Wen said. What we should do is to exert our utmost efforts to minimize the effect of the crisis, he said. When answering questions whether China will introduce additional economic stimulus plans, Wen said the government should now step up efforts to carry out the policies and measures of the existing stimulus package. The earlier they are put into effect, the more beneficial and active they will be, he said. Firstly, it is imperative to release the additional investment for stimulating the economy that has been included into the budget. Secondly, specific rules for reforming and reviving a total of ten key industries should be formulated as early as possible. And thirdly, efforts should be made to speed up the development of the social security system, Wen said, adding that the national medical and health-care system reform launched in recent days, which has drawn international attention, should be implemented as early as possible. At the same time, it is essential to closely follow up the changing economic situation at home and abroad, and hammer out new response plans whenever necessary, said Wen. Priority should be given to strengthening social security, improving the people's livelihood and strengthening protection of the ecological environment, he said. In response to questions about the trial of cross-border trade deals in the Chinese yuan, Wen said the central government has decided to test the program in the city of Shanghai, as well as four cities in south China's Guangdong province -- Guangzhou, Shenzhen, Dongguan and Zhuhai. Hong Kong and Macao will be included in the pilot program, and ASEAN members will become the first group of foreign countries to benefit from the scheme, Wen said, adding the regulatory documents governing the pilot program will be issued in a short time, Wen said. The program will promote Hong Kong's trade development, and will help its enterprises, including those in the Pearl River Delta region and other areas in the Chinese mainland, to stave off the risks from exchange rate fluctuations, he said. This will invigorate Hong Kong's financial industry and underpin its position as an international financial hub, he added. Wen said that compared with developed countries, China, as a developing country, has undergone only a short period of time in its financial reform and development, lacking both experience and talented people, and there is also room for improvement in its financial system. At present, China allows the yuan to become convertible under the current account and it will take a long time to realize full capital account convertibility for the Chinese yuan, he said. Answering a reporter's question on whether building Shanghai into an international financial hub will rival Hong Kong's financial status, Wen said the Chinese central government has always paid close attention to the development of Hong Kong's financial sector. "I noticed that most of the media in Hong Kong showed support for the decision to build Shanghai into an international financial center, but lingering worries still remain," he said. Actually, the status of an international financial center is established not by a government decision but through market competition, he said. "I have said years ago that Hong Kong's status as an international financial center is irreplaceable due to its unique geographical advantage, a long history of financial management, extensive channels of financial operation, a full-fledged legal system and a rich pool of financial expertise," Wen said. However, Hong Kong's status as an international financial hub also meets challenges, he said. He added that what is imperative for the time being is to enhance regulation, maintain the stable, healthy and sustainable development of its financial sector, and to make due support for its economy. While developing the financial sector, Hong Kong should also spare no effort to tap the potential of its economic growth such as logistics, tourism, the health sector, science and technology, education, and high-tech industries, so as to lay a foundation forthe sustained economic development, he said. Responding to a question about the recent police investigation into Hong Kong-listed conglomerate CITIC Pacific, Wen said the issue should be addressed in accordance with the laws and financial supervision regulations of the Hong Kong Special Administrative Region, and no interference from the mainland or other parties will be allowed. Earlier this month, Hong Kong police searched the headquarters of the company, which reported huge losses from unauthorized hedging against changes in the exchange rates of Australian dollar last year. After all the facts are clarified, serious lessons should be drawn from this incident, including the company's management and its supervision, Wen said. On Macao's economic growth, Premier Wen said it has a unique economy powered mainly by its gambling industry. As the region continues to develop its gambling industry, efforts should be made to promote the region's economic diversity based on its own reality, he said. Macao's development is somewhat restrained due to its tiny area, but the central government is currently working on a long-term development plan of the Pearl River Delta to strengthen economic ties between Guangdong Province and Macao in an effort to promote Macao's development, said the premier. Because of Thailand's domestic situation, the Thai government on Saturday postponed the ASEAN related summits scheduled for April 11 and April 12. Wen said his visit to Thailand was designed to enhance the friendly cooperative relations between China and ASEAN and to make joint efforts with its members to tackle the global financial crisis. The Chinese premier said he had been aware of the situation in Thailand before his departure for the country, and his insistence on attending the summits indicated China's sincerity in this matter.

BEIJING, March 30 (Xinhua) -- Aluminum Corporation of China Ltd. (Chalco), reported a 99.9 percent plunge in full-year net profit to 9.2 million yuan (1.35 million U.S. dollars) in 2008, due to product price fluctuations on the international market, the company's annual report revealed Monday. "The company suffered major losses from the snowstorm at the beginning of last year, and the earthquake disaster," said the statement. The shock from the financial crisis, rises in raw material prices and consecutive plunges of finished product prices had posted "unprecedented difficulties and challenges" for the company, said the statement. Chalco's business turnover reached 76.73 billion yuan, down 9.94 percent from last year, largely because of a decline in product prices, said a statement submitted to the Shanghai Stock Exchange. The price of alumina, a major type of aluminum product, which at one point reached 4,500 yuan per tonne in the domestic market in 2008, dropped to 1,900 yuan per tonne as demand shrank drastically because of the financial crisis, said the statement. Board chairman Luo Jianchuan said the company should actively cope with the problem, which would persist in 2009. Measures should be taken to cut cost, control investment, and maintain stable production. Though estimated to suffer losses in the first quarter this year, Chalco was confident it would "get over the difficulties and have a bright prospect," said Luo. Share prices of Chalco on Shanghai Stock Exchange plunged more than 4 percent to 10.46 yuan Monday morning. Aluminum Corporation of China (Chinalco), Chalco's parent company, had obtained support from four Chinese banks, including the Bank of China (BOC), to finance its bid for the world's third largest miner Rio Tinto. They have signed agreements to provide 21 billion U.S. dollars worth of syndicated loans to support the bid.
SEOUL, April 7 (Xinhua) -- Li Changchun, a senior official of the Communist Party of China (CPC), on Tuesday called for stronger economic and trade ties between China and South Korea and urged their business communities to work together to help promote the strategic cooperation between the two nations. Li, a member of the Standing Committee of the Political Bureau of the CPC Central Committee, made the call in an address at a welcome luncheon for him hosted by four Korean business groups: the Korea Foreign Trade Association, the Korea Chamber of Commerce and Industry, the Federation of the Korean Industries, and the Korea Federation of Small and Medium Businesses. Li Changchun, member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, delivers a speech during a luncheon with chiefs of four South Korean business lobby groups in Seoul, South Korea, on April 7, 2009. Li praised the development of bilateral ties since China and South Korea established diplomatic ties 17 years ago. During the past 17 years, bilateral relations have witnessed rapid development and cooperation and exchanges expanded in a comprehensive manner, which has benefited the two countries and the region, he said. The Communist Party of China and the Chinese government attach great importance to the ties with South Korea and are willing to work with South Korea to continue strengthening and deepening the strategic cooperation, he said. Li spoke about China's stand regarding the current global financial crisis, the measures it has adopted to counter the crisis and its participation in international cooperation. The London summit of the Group of 20 yielded pragmatic results, he said. At the summit, Chinese President Hu Jintao's speech on strengthening macro-policy coordination, reforming international financial institutions and improving financial regulation, played a constructive role in the outcomes of the meeting, Li said. He said that Hu and his South Korean counterpart Lee Myung-bak, at their meeting in London, agreed to work to deepen the pragmatic cooperation in various fields between the two countries and push forward the bilateral relations. Li suggested both sides make efforts to deepen the mutually beneficial cooperation to ensure the smooth growth of bilateral trade, enhance policy coordination to promote financial cooperation, work out new ways to boost mutual investment and strengthen multilateral cooperation to improve the international trade environment. He also proposed entrepreneurs of the two countries continue to contribute to the bilateral strategic cooperative partnership, make new efforts to promote the mutual understanding and friendship between China and South Korea, facilitate the exchanges between the younger generation and promote the cultural exchanges between the two nations. South Korea is the last leg of Li's four-nation tour, which has already taken him to Australia, Myanmar and Japan.
LHASA/BEIJING, March 28 (Xinhua) -- The first Serfs Emancipation Day was celebrated across Tibet Autonomous Region on Saturday, while people from elsewhere in China expressed their wishes to the Tibetans. CELEBRATION ACROSS TIBET In Lhasa, readers of the broadsheet Tibet Daily and Tibet Economic Daily found that Saturday's edition of both newspapers became thicker--special issues were published to introduce the changes since democratic reform in 1959. In the Ngaqen village, fully attired Tibetans gathered in the village club to watch the televised grand celebration held on the square in front of the Potala Palace about 30 kilometers away in the seat of Lhasa. Tsamjo, 66, who lived in a two-story building, said her life was better than "the landlord in the past". She had worked as a serf for seven years before the democratic reform. "At that time, our plot of land was smaller than a palm, and our room was as big as the nose of a cow," she said. After the ceremony, villagers performed traditional Tibetan dances and held a contest of tug-of-war. Tibetan people in traditional dress celebrate the first Serfs Emancipation Day at home in Qamdo, southwest China's Tibet Autonomous Region, March 28, 2009In the Tashigang village of Dagze county, more than 1,000 people enjoyed their own party. "We have prepared for about a month for the party on our own holiday," 19-year-old Degyi said while doing the makeup. As a young girl, she admitted that she had little knowledge about the past. "But I feel sad whenever listening to my grandparents telling the stories," she said. In the Qamdo prefecture in east Tibet, slogans written on red scrolls hailing the Serfs Emancipation Day could be seen on major roads, where sellers in vegetable markets were waiting for their customers, monks in monasteries were chanting sutras and street vendors were soliciting business. Life was as peaceful as ordinary days. In the Tianjin square, dozens of passers-by stopped to watch performances for the holiday. In Beijing, Serfs Emancipation Day became the hottest topic among students in the Tibet Middle School. Many students hummed the old song "Freed serfs sing in happiness". "My grandparents were both serfs," said an eleventh-grader Dawa Dorje. A Tibetan man in traditional dress plugs the national flag on the roof of his house during the celebration of the first Serfs Emancipation Day at home in Qamdo, southwest China's Tibet Autonomous Region, March 28, 2009 "They told me that they tied stones to their feet as shoes, and my granny became blind because she had no money to cure her eye illness," she said. Currently there are 810 Tibetan students in the school, whose accommodation, clothes, health care were all funded by the government. Main celebration for the holiday was held on the square in front of the Potala Palace in Lhasa, capital city of Tibet, at 10 a.m. The gathering was presided over in both Tibetan and Mandarin by Qiangba Puncog, chairman of the regional government of Tibet, who was dressed in a traditional Tibetan robe. It was attended by about 13,280 people. After the national flag was hoisted against the backdrop of the grand Potala Palace and snow-capped mountains in the distance, representatives of former serfs, soldiers from the People's Liberation Army (PLA) and students delivered speeches. Tibet's Communist Party chief Zhang Qingli was the last to speak. "Burying feudal serfdom and liberating the one million serfs in Tibet was a natural development in history ... a milestone in the worldwide campaign to abolish slavery, a sign of progress in human rights," he said. "Tibet belongs to China, not the a few separatists or the international forces against China. Any conspiracy attempting to separate the region from China is doomed to failure. The sky in Tibet will forever be blue, and the national flag will flutter high," he noted. The ceremony lasted for more than an hour. REMEMBERING THE PAST As usual, foreign "critics" jumped up before the Serfs Emancipation Day, saying China exaggerated the cruelty of traditional Tibetan life to disguise a power grab, and that "serfdom" is too loaded to describe the Tibetan system. But 73-year-old Baya in Qamdo, who was born to be a Tralpa, or a kind of serf whose life was better among all, said she would never return to the old society. Tibetan people in traditional dress celebrate the first Serfs Emancipation Day at home in Qamdo, southwest China's Tibet Autonomous Region, March 28, 2009 "I began to graze cattle when I was nine years old," she said. "There were many wolves in the pasturing area, and the aristocrats always asked us to deliver messages in midnight." "We were afraid of the ghost, and I once witnessed a horde of wolves attack a lama..." she was apparently still in fear. What they wore then was goat's skin, dried under the sun, because they didn't have cloth. They didn't have shoes. "If the feet bled, we just apply the oil of the goat to the wounds," she said. Dinner was potherb soup. "We didn't have Tsampa (food made of barley floor) to eat, let alone rice and wheat." Baya said her first taste of sugar was after the People's Liberation Army (PLA) entered Tibet. The sugar was brought to there from Yunnan Province. Zhao Qingui, a 73-year-old Tibetan veteran soldier, joined the PLA in 1950. "At that time, only the aristocrats had tooth paste, tooth brush, biscuit, wool and fruits. The majority of people, or the serfs, could only wish not to be starved," he said. Sun Huanxun, a PLA veteran who went to Tibet also in 1950 and stayed there, recalled what he saw in Lhasa before the democratic reform. "Serfs wailed and begged from passers-by, some of whom had their legs chopped by the landlords, some have their eyes gouged out and some without hands," he said. In contrast, the landlords were in luxurious dress, some riding on the backs of their slaves. "In their houses there hung whips, knives and shackles," he added. Local residents compete tug-of-war during the celebration ceremony to mark the first Serfs Emancipation Day in Gaba village in the suburb of Lhasa, capital of southwest China's Tibet Autonomous Region, March 28, 2009. A grand celebration ceremony is held here on Saturday to mark the first Serfs Emancipation DayQi Jiguang, a historian from the Deqen Tibetan Autonomous Prefecture, recited the sentences he read from slave contracts: "I would be your slave so long as the snow-capped mountain didn't collapse, the water from rivers didn't dry up." The Khesum village in Shannan Prefecture was hailed as the first village to implement the democratic reform. Before the Serfs Emancipation Day, residents in the village wrote an open letter: "We could never forget the old adage: there are three knives over the heads of serfs--heavy labor, heavy rent, and high interest; there are three paths before their eyes--flee from famine, become slave, or go begging." "We would never return to the dark, backward, and cruel fuedal serfdom society. We would cherish the life now like cherishing our own eyes," it reads. FOR BETTER FUTURE Chinese President Hu Jintao visited an exhibition marking the 50th Anniversary of Democratic Reform in Tibet, at the Cultural Palace of Nationalities in Beijing. During his visit, he said that the "good situation" in today's Tibet was "hard-earned and should be highly cherished." He also noted that the reform 50 years ago was "the most extensive, profound and progressive social transformation in the history of Tibet. Tibet should move from being "basically stable" to "peaceful and stable in the long run," he stressed. On the Serfs Emancipation Day, 25 villagers from the Ngoklog village in Qamdo joined the Communist Party of China. "I am happy to join the Party on this special day," said Asum. Tibetan people perform to mark the first Serfs Emancipation Day at Tianjin Square in Qamdo, southwest China's Tibet Autonomous Region, March 28, 2009Gyezang, 33, is an English teacher from Xigaze. "Establishment of the day could help us remember the darkness in the past and cherish the life more," she said. Dawa Lhamo, a nine-year-old student from the No. 3 primary school in Lhasa, was happy on Saturday although she was not familiar with the past. "I will become a soldier when I grow up, to protect Tibet," she said. People from outside Tibet also expressed their wishes to Tibetans. Chen Qiuxiong, leader of a working group dispatched from eastern Fujian Province to help with development of Tibet, said they have built a number of infrastructure projects serving farming and animal husbandry in Tibet and helped with the development of culture and education and health care as well as poverty reduction. "Tibet is now in the period of development and stability, and we will do more for the development of the region," Chen said. Liu Lumei, a deputy researcher with the Xinjiang Uygur Autonomous Regional Academy of Social Sciences, said that the establishment of the Serfs Emancipation Day embodies the common wish of all the Chinese people for the stability and development in Tibet.
来源:资阳报