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SHANGHAI, Sept. 28 (Xinhua) -- China, Japan and the Republic of Korea (ROK) on Monday agreed to deepen their all-round cooperative partnership. The agreement came at the end of a day-long foreign ministers' meeting in Shanghai, involving Chinese Foreign Minister Yang Jiechi, Japanese Foreign Minister Katsuya Okada and ROK Foreign Affairs and Trade Minister Yu Myung Hwan. The three countries will build stronger strategic mutual trust, deepen and upgrade cooperation, carry out people-to-people exchanges and promote east Asia cooperation and regional peace and development, said a statement issued after the meeting. Chinese Foreign Minister Yang Jiechi (C), Japanese Foreign Minister Katsuya Okada (R) and Foreign Affairs and Trade Minister of the Republic of Korea (ROK) Yu Myung Hwan attend a press conference after their meeting in east China's Shanghai, Sept. 28, 2009. The third trilateral meeting joined by foreign ministers of China, Japan and ROK was held in Shanghai on Monday. The meeting coincided with the 10th anniversary of the launch of a trilateral cooperative mechanism between China, Japan and the ROK. The ministers reviewed and summarized the progress of trilateral cooperation, and exchanged views on commemorative events to mark the 10th anniversary and future cooperation as well as regional and international issues of common concern, according to the statement. Chinese Foreign Minister Yang Jiechi (C), Japanese Foreign Minister Katsuya Okada (1st L) and Foreign Affairs and Trade Minister of the Republic of Korea (ROK) Yu Myung Hwan (1st R) arrive for a press conference after their meeting in east China's Shanghai, Sept. 28, 2009. The third trilateral meeting joined by foreign ministers of China, Japan and ROK was held in Shanghai on MondayThey said they were "satisfied with the trilateral cooperation progress." For the last decade, trilateral cooperation had taken on a good momentum of development, the statement said. The three countries put their good-neighborly friendship at the key position of their own foreign relations, the statement said, citing high-level exchanges, increased political trust and efforts to implement their cooperative action plan. Chinese Foreign Minister Yang Jiechi, Japanese Foreign Minister Katsuya Okada and Foreign Affairs and Trade Minister of the Republic of Korea (ROK) Yu Myung Hwan attend the trilateral meeting in east China's Shanghai, Sept. 28, 2009. The third trilateral meeting joined by foreign ministers of China, Japan and ROK was held in Shanghai on MondayThe countries had implemented more than 30 cooperative projects, covering politics, economics, environmental protection, science and technology, society, culture and international affairs, said the statement. The foreign ministers also exchanged views on the second trilateral leaders' summit scheduled for Oct. 10 in Beijing. "At a critical juncture to deal with the global economic downturn, promote recovery and boost growth, the leaders' summit will be significant to enhance political mutual trust, advance reciprocal cooperation, and promote Asian stability and development," the statement said. The three ministers agreed to keep close communication in preparation for the leaders' summit. The first summit between China, Japan and the ROK was held in Fukuoka, Japan, on Dec. 13, 2008. The foreign ministers' meeting also covered the world economy and finance, northeast Asian issues, east Asian cooperation, climate change, reform of the United Nations, arms control, disarmament, and anti-proliferation. They agreed to hold the fourth trilateral foreign ministers' meeting in the ROK next year.
BEIJING, July 23 (Xinhua) -- The Chinese government has made clear Thursday that it will continue its proactive fiscal policy in the second half of this year to maintain its economic growth as government leaders reiterated the stance, for there are still uncertainties ahead. Finance Minister Xie Xuren told local financial bureaus at a conference in Beijing on Thursday that the proactive policies, which included increased investment from the government, tax cuts and subsidies to low- income families, had taken effect in stimulating the recovery of the national economy. The Chinese economy expanded 7.9 percent from a year ago in the second quarter of this year, driven by a surge of fixed-asset investment backed by government fiscal policies. Finance Minister Xie Xuren was seen in this file photo taken on March 6, 2008 The economic growth rate accelerated from the 6.1 percent in the first quarter of this year and the 6.8 percent in the fourth quarter of last year. To weather the global economic recession, the Chinese government unveiled a four-trillion-yuan stimulus package in November to revive the world's third largest economy, which was slowed by tumbling exports. The central government promised a 1.18trillion yuan investment. By the end of June, 591.5 billion yuan (86.6 billion U.S. dollars) out of the total investment from the central government had been allocated, which boosted a 33.5 percent jump of fixed-asset investment in the first half of this year. It was the highest level in the last five years. The ministry's decision came as Chinese leaders vowed to continue the current policies. Chinese President Hu Jintao said Thursday that China should adhere to its proactive fiscal policy and moderately easy monetary policy to ensure a stable economic growth as the recovery is not yet solid. Premier Wen Jiabao has reiterated that the economy is in a crucial phase and rebounding. He pledged to maintain the current macroeconomic policies and fully implement its four-trillion yuan stimulus package. Xie said the government will implement the fiscal policy "at full swing" in the second half of this year and speed up allocation of investment from government, which, Xie hoped, would stimulate private investment. Yang Zhiyong, researcher of the Institute of Finance and Trade Economics at the Chinese Academy of Social Sciences, a government think tank, said that currently the proactive fiscal policy had a limited impact on pushing up private investment. It is hard for private investment to enter monopolistic sectors, he added. Li Yining, an economist from the Peking University, said consumption should be spurred to fuel the growth momentum in the future as the current economic recovery was advanced mainly by investment. He suggested the proactive policy be further carried out to stimulate consumption and private investment in the following period. Xie said in the second half the ministry will continue its policy of tax cuts to increase investment from enterprises and consumption. The ministry also pledged to increase spending on people's livelihood. Investment in agriculture, social security, medical care, education, science and environmental protection climbed 33.9percent from a year earlier to 1.48 trillion yuan, according the ministry. Analysts said the macroeconomic polices should also aim to adjust economic structure for the long term and to create new growth points. Jia Kang, president of the Institute of Fiscal Science, Ministry of Finance, said the government resolves to step up adjustment of economic structure as the economy is back on track for recovery. Xie said the fiscal policy in the second will support innovation and energy conservation and emission reduction to sustain the economic growth. On July 21, the ministry started a pilot program to subsidize 50 percent of investment for solar power projects, a move to boost the solar industry as a new growth point for the country's economy. Xie also urged to strengthen supervision over fiscal management and improve information transparency in the second half as fiscal expenditure in the second half faced great pressure. Wen Jiabao also described the country's fiscal situation as "severe." The ministry said the country's fiscal revenue in the first six months fell 2.4 percent from a year ago to about 3.4 trillion yuan, while its fiscal expenditure rose 26.3 percent to 2.89 trillion yuan.
BEIJING, Sept. 27 (Xinhua) -- China will welcome more foreign experts to participate in the country's economic and social development, said Vice Premier Li Keqiang on Sunday. "The development and achievements China made in the past 60 years have been the result of the united efforts of the Chinese people of all ethnic groups, together with the hard work and dedication of numerous foreign experts," said Li. Chinese Vice Premier Li Keqiang (4th R) attends a reception for the foreign experts working in China on the eve of the 60th anniversary of the founding of the People's Republic of China, at the Great Hall of the People in Beijing, capital of China, Sept. 27. Li made the remarks while addressing a reception on the eve of the 60th anniversary of the founding of the People's Republic of China. Some 1,800 foreign experts and Chinese officials attended the reception. The number of overseas experts working in China continued to rise, reaching 480,000 tours of duty in 2008, he said. "They provide strong expert support for the economic and social development of China," said Li. Chinese Vice Premier Li Keqiang speaks during a reception for the foreign experts working in China on the eve of the 60th anniversary of the founding of the People's Republic of China, at the Great Hall of the People in Beijing, capital of China, Sept. 27. (Xinhua/Liu Weibing China set up the Friendship Award in 1991, the country's highest award for foreign experts, to award those who have made outstanding contributions to China's economic and social progress. "The Chinese government will further deepen the reform and opening up......widely attract and gather international personnel, and conduct international exchanges and cooperation in an ever-broader scope, in a wider range of fields and at higher levels than before," said Li. Chinese Vice Premier Li Keqiang (L, front) toasts with Chinese-American physical scientist and Nobel Prize winner Yang Zhenning (R, front) during a reception for the foreign experts working in China on the eve of the 60th anniversary of the founding of the People's Republic of China, at the Great Hall of the People in Beijing, capital of China, Sept. 27With regard to China's economic development, Li said China's stimulus measures adopted to deal with the global financial crisis was producing results, however, the foundation for the recovery of the Chinese economy was not solid yet. China would maintain the continuity and stability of its macro-economic policy, deepen economic restructuring, expand domestic demand and promote renovation and transformation of economic development mode, so as to push for the long-term steady and fast economic growth and overall social progress, Li said. Chinese Vice Premier Li Keqiang (2nd L, front) attends a reception for the foreign experts working in China on the eve of the 60th anniversary of the founding of the People's Republic of China, at the Great Hall of the People in Beijing, capital of China, Sept. 27.
BEIJING, Sept. 27 (Xinhua) -- China will welcome more foreign experts to participate in the country's economic and social development, said Vice Premier Li Keqiang on Sunday. "The development and achievements China made in the past 60 years have been the result of the united efforts of the Chinese people of all ethnic groups, together with the hard work and dedication of numerous foreign experts," said Li. Chinese Vice Premier Li Keqiang (4th R) attends a reception for the foreign experts working in China on the eve of the 60th anniversary of the founding of the People's Republic of China, at the Great Hall of the People in Beijing, capital of China, Sept. 27. Li made the remarks while addressing a reception on the eve of the 60th anniversary of the founding of the People's Republic of China. Some 1,800 foreign experts and Chinese officials attended the reception. The number of overseas experts working in China continued to rise, reaching 480,000 tours of duty in 2008, he said. "They provide strong expert support for the economic and social development of China," said Li. Chinese Vice Premier Li Keqiang speaks during a reception for the foreign experts working in China on the eve of the 60th anniversary of the founding of the People's Republic of China, at the Great Hall of the People in Beijing, capital of China, Sept. 27. (Xinhua/Liu Weibing China set up the Friendship Award in 1991, the country's highest award for foreign experts, to award those who have made outstanding contributions to China's economic and social progress. "The Chinese government will further deepen the reform and opening up......widely attract and gather international personnel, and conduct international exchanges and cooperation in an ever-broader scope, in a wider range of fields and at higher levels than before," said Li. Chinese Vice Premier Li Keqiang (L, front) toasts with Chinese-American physical scientist and Nobel Prize winner Yang Zhenning (R, front) during a reception for the foreign experts working in China on the eve of the 60th anniversary of the founding of the People's Republic of China, at the Great Hall of the People in Beijing, capital of China, Sept. 27With regard to China's economic development, Li said China's stimulus measures adopted to deal with the global financial crisis was producing results, however, the foundation for the recovery of the Chinese economy was not solid yet. China would maintain the continuity and stability of its macro-economic policy, deepen economic restructuring, expand domestic demand and promote renovation and transformation of economic development mode, so as to push for the long-term steady and fast economic growth and overall social progress, Li said. Chinese Vice Premier Li Keqiang (2nd L, front) attends a reception for the foreign experts working in China on the eve of the 60th anniversary of the founding of the People's Republic of China, at the Great Hall of the People in Beijing, capital of China, Sept. 27.