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BEIJING, Aug. 2 (Xinhua) -- China's economy would continue to recover from the world financial crisis in the latter half and expand at the rate of 8.5 percent for the whole year, said a report from the Bank of Communications on Sunday. The country's economic development was expected to accelerate the pace and expand at 9 percent in the third quarter and 9.8 percent in the fourth quarter, according to the report. The report indicated that the country would achieve the set goal of 8 percent economic growth for the full year,contributed by a robust domestic investment and consumption. In the latter half, investment would represent fast increase, boosted by development from infrastructure construction, real estate, and the industrial sector, said the report. China saw its economy growth slowed down amid the world financial crisis. Its gross domestic product grew 7.9 percent in the second quarter after sinking to 6.1 percent in the first three months.
TANGSHAN, Hebei Province, Oct. 16 (Xinhua) -- Chinese top political advisor Jia Qinglin Friday called for international cooperation, shared responsibility and dialogue to promote sustainable development worldwide. "Green development should be a common cause for the world," said Jia, chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC) at the opening ceremony of the first Caofeidian Forum held in Tangshan, northern Hebei Province. Jia Qinglin, chairman of the National Committee of the Chinese People's Political Consultative Conference, speaks at the opening ceremony of the First Caofeidian Forum in Tangshan City of north China's Hebei Province, Oct. 16, 2009He suggested that the government of all countries should develop their own roadmap of green development based on the reality of their countries and adopt effective policies. "It is a shared responsibility for the world to improve energy efficiency and reduce greenhouse gas emission," he said. He called for developed countries to lead the cause and provide financial and technical support for developing countries to cope with climate change. Jia Qinglin (L), chairman of the National Committee of the Chinese People's Political Consultative Conference, inspects the Nanhu ecological area in Tangshan City of north China's Hebei Province, Oct. 15, 2009. Jia Qinglin made an inspection tour in Tangshan from Oct 15 to 16New technologies in energy saving, environmental protection and new energy application should be widely used, he said. "The international society and governments of all countries should strive to set up a new mechanism that smoothes international technological exchange while protecting intellectual rights." Jia also suggested that the world should explore sustainable development through dialogue. "China will stick to the sustainable development," he said. "We will work to build a resource-saving, environmentally-friendly and innovative country." The three-day forum was the first permanent international forum themed on the sustainable development initiated by China. It will be held every two years.
BEIJING, July 21 (Xinhua) -- Chinese Vice President Xi Jinping Tuesday urged Communist Party members and government officials to exert more efforts to learn and implement the Scientific Outlook on Development. Xi, also member of the Standing Committee of the Communist Party of China (CPC) Central Committee Political Bureau, made the remarks during a meeting on better implementation of the theory. He said after the first and second round of the theory implementation work, progress has been made in solving problems, institutional innovation and Party's working style building. He urged Party members and government officials to better deal with social contradiction and disputes and further strengthen the social security work. Xi also pointed out the third-round learning would mainly be held at towns, villages, communities, hospitals, and primary and secondary schools. About 1.22 million grass-roots Party organizations with nearly 40 million members will join the third round learning work.
LONDON, Sept. 4 (Xinhua) -- Chinese Finance Minister Xie Xuren said on Friday that the current economic stimulus measures should be maintained to ensure economic recovery and growth worldwide. After a BRIC-country meeting held in London, Xie told a news conference that the four countries are now at a key stage of economic recovery, and should strengthen their coordination of economic policy. The finance ministers and central bank governors of Brazil, Russia, India and China, the so-called BRIC countries, gathered in London on Friday to discuss the current situation of the world economy, as well as their governments' fiscal and monetary policy responses. Xie stressed that promoting the reform of international financial institutions is a common consensus reached at the G20 summit held in London in April, adding that "we must put it into practice in accordance with the timetable." The Chinese minister also called on the international community to attach great importance to the imbalance between the North and the South, and to further help developing countries realize common development, so as to achieve a fundamental balance and sustainable growth of the global economy. Alexey Kudrin (2nd L), Xie Xuren (4th L), Guido Mantega (4th R) and Pranab Mukherjee (2nd R), finance ministers from Russia, China, Brazil and India, have a group photo taken with other attendees prior to their meeting in London, capital of the U.K., Sept. 4, 2009. Officials from Brazil, Russia and India echoed Xie's opinion, saying that they hoped the G20 countries would not abandon their fiscal stimulus packages too early. They vowed to make more efforts to maintain world trade growth and sustainable economic growth, and looked forward to strengthening the role of the new emerging countries in the international financial institutions. During the meeting, held on the sidelines of the G20 Finance Ministers and Central Bank Governors meeting to be held this weekend, the BRIC officials "noted the key role that the G20 has played as the focal point in the coordination of international responses to the global crisis and exchanged views on the reform of international financial institutions." The officials agreed that emerging market economies have shown resilience and helped the world economy absorb the impact of the deterioration of trade, credit flows and demand. In many of them, growth is already back on track after a few quarters of recession or slowdown. Chinese Finance Minister Xie Xuren (2nd R) speaks at a press conference after meeting with his counterparts from Rissa, Brazil and India in London, capital of the U.K., Sept. 4, 2009. Despite these positive signs, it is too early to declare the end of the crisis. The global economy still face great uncertainty, and significant risks remain to economic and financial stability, they said. The BRIC countries called on the G20 countries to continue to implement countercyclical fiscal and monetary policies in a sustainable and internationally-coordinated manner, and take effective measures to guard against potential economic risks while respecting the particular conditions of each country.