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BEIJING, July 19 (Xinhua) -- While China strives to create a more open and fair business environment, the country also wants business to embrace environmental-friendly policies. The move, aimed at a sustainable growth, should not be interpreted as worsening the investment conditions, analysts note."Currently, there is an allegation that China's investment environment is worsening. I think it is untrue," Premier Wen Jiabao said while talking with heads of prestigious German and Chinese firms in northwest China's Xi'an city over the weekend.Although Chinese leaders stated that China welcomes foreign investment as always, some western media have repeatedly run stories that claim China's investment environment is worsening.Statistics, however, tell a different story. Foreign direct investment (FDI) that flowed into China in June surged 39.6 percent from a year earlier, resulting in a 19.6-percent year-on-year increase during the first half of this year."Foreign investment will not pour into a country where the investment environment is worsening," Wen said.China will continue both its opening-up policy and improving its investment environment, as the government promised, but structural changes are expected because both China and the world are changing, analysts said.For the past 30 years, China has been wooing foreign investment with many preferential policies designed to attract badly-needed capital, advanced technology and management expertise.
BEIJING, July 24 (Xinhua) - China's economy is unlikely to see a "double dip" in the second half of this year, and the economic growth for the remaining six months is expected to surpass 9 percent, according to a Bank of Communications report released Saturday.China's economic growth will slow down in the next half year, while consumer prices would fall from its peak, said the nation's fifth largest commercial bank in a report on the outlook of China's economy for the second half of 2010"For China, it is never a recession unless the economic growth drops below 7 percent," said Lian Ping, chief economist with the Shanghai-based bank.The growth is sustainable and healthy for the economy as the growth rate stays around 9 percent, he said.China's exports, a major force driving the economic growth, would continue to rebound in the second half, and the growth for the entire year would stay above 20 percent, according to the report.For the latter half of 2010 consumption is to grow by 18.5 percent from a year ago while investment growth will drop steadily to about 21 percent due to government support to the private sector and strategic emerging industries, it said.Increasing labor costs, resources and food prices is expected to push up China's consumer prices, but the growth would be restrained in the second half due to the slowing money supply and eased imported inflationary pressures, it said.China's gross domestic product (GDP) expanded 11.1 percent in the first six months of this year from one year earlier, data from the National Bureau of Statistics (NBS) showed.China's consumer price index stood at 2.6 percent in the first half of 2010, according to the NBS, while retail sales and fixed asset investments grew 18.2 percent and 25 percent year on year, respectively.China would maintain a stable monetary policy for the rest of the year since the global economic condition is still complicated, and an interest rate hike is unlikely to be seen, said the report.The bank estimated that new loans for the entire year would stand between 7 to 8 trillion yuan (1.03 trillion to 1.18 trillion U.S. dollars).The bank also forecasted in the report that the Chinese government would remain tough with the property sector, but there is little possibility for additional curbs on the market. Property investment would largely fall, but there will not be a significant decline in property prices.Lian suggested that the Chinese government pay attention to the possible cumulative effect of policies on the economy and keep market liquidity at a reasonable level.

BEIJING, July 6 (Xinhua) -- Hundreds of middle school students from Nanjing City, east China's Jiangsu Province, came to the Memorial Hall of the Chinese People's War of Resistance Against Japanese Aggression in Beijing Tuesday to mourn martyrs killed in the war."We came here to keep the past firmly in mind and cherish the present peace," said a student from the Second Foreign Language School of Nanjing.Temperatures in most parts of Beijing had risen to more than 39 degrees centigrade but even so the memorial hall was crowded with visitors from all over the country.The full-scale anti-aggression war started on July 7, 1937, when the Imperial Japanese Army bombarded the town of Wanping in suburban Beijing and advanced on the Lugou Bridge. The No. 29 Nationalists Corps fought hard to resist the siege, marking the official start of an eight-year resistance war.The Chinese resistance played a decisive role in inflicting heavy casualties on the Japanese. The Chinese people paid dearly for the victory, with an estimated 35 million casualties, including military and civilian, dead and wounded.The memorial has received more than 15 million visitors since it opened in 1987, said Li Zongyuan, deputy curator of the memorial hall.
PIRAEUS, Greece, Aug. 9 (Xinhua) -- Two Chinese naval escort warships arrived in Greece's Piraeus Port on Monday, kicking off a five-day visit.The vessels, destroyer Guangzhou and frigate Chaohu, are part of the fifth Chinese naval escort flotilla, which just completed the escort mission in the Gulf of Aden and Somali waters to protect commercial ships from pirate attacks.Chinese Ambassador to Greece Luo Linquan and some 200 Chinese nationals came to the port to welcome the arrival of the two Chinese warships. Waving Chinese and Greek national flags, the enthusiastic Chinese living in Greece greeted the Chinese sailors with cheers.They were excited when allowed to tour one of the ships."We are so excited to have a chance to board a Chinese naval destroyer," Wu Hailong, a Chinese businessman in Athens, said, adding that he and his friends come to Piraeus early in the morning from central Athens to welcome the Chinese navy soldiers.Zhang Buren, a Chinese national from Taiwan who has lived in Athens for more than three decades, said he was very impressed by the elegant demeanor of Chinese navy soldiers. "I feel very much proud as a Chinese and so happy to see China is developing fast."At a welcoming ceremony held at the port, the Chinese ambassador said the Chinese navy has made its effort in fighting piracy. "The Chinese naval escort flotilla has successfully escorted some 20 Greek commercial vessels in the waters near Somalia in the past few years," he said. Greece is one of the countries with biggest commercial fleets.The Chinese envoy added that the Greek government and Greek Navy attach great importance to the visit by the Chinese naval fleet. "The Greek shipowners will come to visit the Chinese naval fleet and express their gratitude to the help from the Chinese navy," he said.During the five-day visit, the Chinese naval officers and soldiers will visit a Greek navy base as well as the Acropolis and other archeological sites in Athens.China's fifth naval escort flotilla with more than 800 officers and soldiers has successfully escorted 588 Chinese and foreign vessels in 41 batches since it arrived in the pirate-infested waters in early March this year.
HEFEI, July 18 (Xinhua) -- Chinese Vice Premier Hui Liangyu Sunday urged greater flood-fighting efforts during his two-day visit to Anhui Province.Southern Anhui Province has since July 8 experienced its heaviest rains since 1999.Hui inspected anti-flood work in the seriously flooded areas of Bengbu and Anqing. He greeted soldiers, armed police, police and local residents."Local governments at all levels must work all out to ensure the victims of the floods have sufficient food, drinking water, clothing and shelter," Hui said.The flood situation is still severe as strong rainfalls continue to fill the upper reaches of the Yangtze River, Hui said.
来源:资阳报