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BEIJING, Aug. 27 (Xinhua) -- The Chinese government will stick to an economic policy that focuses on curbing inflation for the rest of the year, a senior official on Wednesday told China's top legislature, as slowing output and rising prices loom over the post-Games economy. Economic planners would exert themselves to increase supplies of necessities, closely track key prices and make price controls more effective, National Development and Reform Commission deputy chief Zhu Zhixin told the fourth session of the Standing Committee of the 11th National People's Congress. "A lot of factors can drive prices up," said Zhu. "There is a strong demand for primary products, with prices hovering high on international markets, while more expensive land and labor at home will add to costs." His statements came after China's main inflation indicator showed a deceleration in July and as the world wondered where the already slowing economy would head after the glitz of the Games. The consumer price index was up 6.3 percent last month over July last year, lower than the 7.1 percent in June and 7.7 percent in May, as tighter monetary policies adopted last year seemed to bite. Meanwhile, the country's economic output in the first half was 10.4 percent higher, compared with 10.6 percent in the first quarter and 12.2 percent in the first half last year. Zhu said the output slowdown was "a moderate correction from a high level". "The national economy is heading in the direction expected by the macro-control policy." Zhu cited the pressures on some industries and enterprises as one of the major conflicts in the economy, saying it would take time for the latest supportive policies to show an effect and for companies to adjust. He told the top legislature the government would continue to seek a balance between fighting inflation and maintaining growth. Tasks for the rest of the year included improving the contribution of domestic consumption to economic growth, boosting agricultural output and increasing aid to small enterprises, he said. The government had been focusing on preventing the economy from overheating before changing the goal to "keeping steady, rapid growth" in July. Many analysts foresaw a loosening of the tight monetary policy to provide liquidity for enterprises, especially exporters, that were squeezed by weakening demand, credit controls and rising costs. Earlier this month, administrators raised the export tax rebate rates for some textiles and garments, while the central bank allowed more credit to small and medium-sized enterprises. "The fiscal and monetary policies are likely to be eased, if the current trend is a guide," said CITIC Securities analyst Zhu Jianfang. "The central bank is not expected to come up with any big tightening moves after the Olympics."
SANYA, April 11 (Xinhua) -- Chinese President Hu Jintao and Tanzanian President Jakaya Mrisho Kikwete on Friday pledged to make concerted effort to promote the traditional friendship and practical cooperation between the two countries. China sees Tanzania as its all-weather cooperative partner and the healthy development of bilateral relations could be treated as a model for China's sincerity and cooperation with Africa and all developing countries, Hu told Kikwete during their talks in this southern China seaside city. To further the bilateral all-round cooperation, Hu proposed the two countries strengthen political trust, keep high-level contacts and dialogues in various forms, expand mutually beneficial trade cooperation, facilitate exchanges in the areas of education, culture, sports, public health, tourism and media, and encourage contacts among local governments, social organizations, women and youth of the two countries. Chinese President Hu Jintao and Tanzanian President Jakaya Mrisho Kikwete on Friday pledged to make concerted effort to promote the traditional friendship and practical cooperation between the two countries The Chinese government will continue to provide aid for Tanzania's economic and social development within its capacity, and encourage its enterprises to cooperate with Tanzanian companies in infrastructure construction, agriculture, resource exploration, telecommunication and personnel training, Hu said. The two countries should also strengthen cooperation in the United Nations and on other multilateral occasions, and increase contacts on major international issues such as the UN Millennium Development Goals, multilateral trade mechanism and climate change. The Tanzanian president, who is in China to attend the annual meeting of the Boao Forum for Asia, due to open on Saturday afternoon in Boao, about 300 kilometers from Sanya, called China a good friend and good partner. Noting China's precious support and assistance for Tanzania over the past years, Kikwete said the Tanzanian people value the friendship with the Chinese people, reiterating that Tanzania firmly uphold the one-China policy. He told the Chinese president that Tanzania is very glad to host the Olympic Torch relay and will exert the utmost efforts to promote its success. Tanzania will never allow anyone to disrupt or sabotage the Olympic Torch run in the country, he added. The Olympic Torch is scheduled to arrive in Dar es Salaam, the largest Tanzanian city and the only African city to host the relay, on April 12. The relay will be held the next day before the Olympic Torch continues its global tour to Muscat of Oman. Kikwete said the people of Tanzania and all other African countries are firmly against the attempt of some people to disrupt the Beijing Olympic Games, resolutely support the efforts of the Chinese government and people, and believe the Beijing Olympic Games will be a complete success. Hu thanked Kikwete for this and said the China-Africa new strategic partnership marks a new development stage of China-Africa cooperation. China is ready to work African countries to deepen substantial cooperation, promote the sustained development of China-Africa Cooperation Forum and make new contribution to Africa's peace and development.

BEIJING, May 11 -- China's monetary authorities are struggling to address conflicting policy goals, but inflation will remain the top policy concern, the country's central bank governor said on Saturday. While the United States and other countries are more focused on fending off a recession, China's monetary policy must target inflation over growth and employment, Zhou Xiaochuan, the People's Bank of China governor, told a forum in Lujiazui, Shanghai's financial center. "There is no cure-all medicine, and we have to make the final decisions -- everyone hopes there would be a cure-all solution, but there is not," said Zhou. China's consumer price inflation would likely to rise to 8.5 percent in April from 8.3 percent in March, two sources familiar with the data said late on Thursday. The data, which is subject to last-minute revisions, will be officially released on Monday. Zhou Xiaochuan, governor of the People's Bank of China, addresses the Lujiazui Forum 2008 in Shanghai, east China, May 10, 2008. Heads of the People's Bank of China, the country's central bank, the Securities Regulatory Commission, the Banking Regulatory Commission and the Insurance Regulatory Commission all attended the two-day financial forum, opened on May 9. Lujiazui is the name of Shanghai's financial district. Meanwhile, the government said on Friday that China's producer price index, or factory-gate inflation, hit a three-year high of 8.1 percent in April, showing a sustained build-up in pressures on consumer price inflation. Zhou listed development of financial institutions and the imbalance in global money transfers as other issues that China's monetary policy may have to target. He said China needs to reduce the savings ratio as the fundamental way to address its over-reliance on trade, which now accounts for more than 60 percent of its annual GDP, but he did not elaborate on possible specific measures. On other issues, Zhou said Beijing has yet to reach a consensus over how to develop a properly functioning domestic bond market. Disputes remain about market infrastructure, the regulatory framework as well as laws and regulations, Zhou said.
BEIJING, Sept. 7 (Xinhua) -- Chinese President Hu Jintao met separately with German President Horst Koehler and Japan-China Friendship Association Chairman Koichi Kato in Beijing on Sunday. The meetings took place on the sidelines of the Beijing Paralympic Games, which just opened on Saturday night. President Koehler and Kato, who is former secretary-general of the Japanese Liberal Democratic Party (LDP), both attended the Games' grand opening ceremony.Chinese President Hu Jintao meets with Koichi Kato, former secretary-general of the Japanese Liberal Democratic Party (LDP) and chairman of the Japan-China Friendship Association, in Beijing, China, on Sept. 7, 2008. Kato attended the opening ceremony of the Beijing 2008 Paralympic Games on Saturday nightWhile meeting with Koehler, Hu first welcomed his German counterpart to the Games and extended congratulations to German athletes on their "excellent performance" at the Beijing Olympic Games. During the Aug. 8-24 Olympics, the German squad placed fifth on the gold medal table with 16 golds, and also grabbed 10 silvers and 15 bronzes. Hu also took the opportunity to thank the German government and people for their support and assistance during the blizzard disaster and the Sichuan earthquake that struck China in the first half of the year. Koehler said the Beijing Paralympics opening ceremony was superbly organized, and he was particularly impressed by Li Yue, a teenage amputee ballerina from the quake zone of Sichuan who performed at the ceremony. It is important to pay attention to the long-term impact of disasters, and help those affected people rebuild their faith in life in the reconstruction process, said the German leader. Both leaders agreed to further promote bilateral relations. "The Sino-German relations have shown a sound momentum of development, thanks to concerted efforts by both sides," Hu said. "Our economic and trade cooperation is growing robustly, and remarkable progress has been made in cultural, youth and legal exchanges and cooperation," said Hu. "We have maintained communication and cooperation in major international and regional affairs." "Our countries share many common interests, and also face a lot of challenges," he added. "China is ready to work with Germany to push for a long-term, stable and sound development of bilateral ties, on the basis of mutual respect, equality and mutual benefit, and through enhancing dialogue, promoting mutual trust, deepening cooperation and properly handling differences," said the president. Koehler responded that the German side attaches great importance to the cooperative relationship between the two countries. The president commended China's accomplishments in various fields following three decades of reform and opening-up, and said that Germany hopes to share with China each other's experience in economic and social development, and work with China for world peace and development through more exchanges and dialogues. In his meeting with Kato, the Chinese president also welcomed the Japanese guest to the Paralympic Games, and congratulated him on assuming the position as chairman of the Japan-China Friendship Association. He called Kato "a senior Japanese statesman" and also "an old friend of the Chinese people." China highly appreciates Kato's contribution to the development of Sino-Japanese relations, said Hu, adding that Kato has long devoted himself to Sino-Japanese friendship and worked strenuously for restoring, improving and developing the Sino-Japanese relations. The Chinese president also thanked the Japanese government and people of various circles for their support to the Beijing Olympics and Paralympics, and wished good results for Japanese Paralympians in Beijing. He pointed out that China and Japan are both important countries in Asia and the world, thus shouldering the grave responsibility of maintaining regional and world peace and promoting common development. To further consolidate and develop the Sino-Japanese strategic relations with mutual benefit is in line with the common interests of both countries and both peoples, and is conducive to peace, stability and prosperity of Asia and the world at large, he added. China wants to work with Japan to lift the Sino-Japanese relations to a new level, through strengthening political dialogue, deepening mutually-beneficial cooperation and expanding people-to-people exchanges, Hu said. The Chinese leader highlighted the important role played by the Japan-China Friendship Association in improving and developing bilateral ties, saying that the Sino-Japanese friendship is in essence the friendship between the Chinese and Japanese people. The development of the Sino-Japanese friendship relies heavily on concerted efforts by the people of both countries, said Hu, expressing the hope that the Japan-China Friendship Association will make new contributions to the Sino-Japanese friendship. Kato spoke highly of the Beijing Olympic Games, which he said have scored a complete success. The opening ceremony of the Beijing Paralympic Games was equally grand and splendid, said Kato, who expressed the belief that both Games would be written into the history of mankind. The Japan-China Friendship Association, which has dedicated itself to Japan-China friendship for nearly 60 years, will join hands with the Chinese side to help expand bilateral exchanges and cooperation in all areas and enhance friendship between the two peoples, so as to promote the sound and stable development of Japan-China relations, he said.
LANZHOU, Sept. 14 (Xinhua) -- Inspectors had found poisonous chemical in the Sanlu infant formula produced by one of its partner producers in northwest China's Gansu Province, an official said on Sunday. Two out of the 12 samples randomly selected from the Sanlu milk powder produced by the Haoniu Dairy Co., Ltd. in Jiuquan City had tested positive for melamine, said Xian Hui, vice-governor of Gansu. "The products of Haoniu have been sealed up," he said. The test was conducted after the Sanlu Group, a leading Chinese dairy producer based in northern Hebei Province, admitted that it had found some of its baby milk powder products were contaminated with melamine, a chemical raw material strictly forbidden by the country to be used in food processing. As of Saturday, a total of 432 babies throughout the nation have been sickened with kidney stones after drinking the contaminated milk powder. Haoniu was founded in 2002 with the registered capital of 51 million yuan (7.45 million U.S. dollars). Its production was in line with the Sanlu standard and its products use the Sanlu trademark. As of Saturday night, Gansu has reported 102 cases of infant kidney stone caused by the Sanlu milk powder. Two babies have died, Xian said. The province has so far seized altogether 164,000 packs of Sanlu milk powder.
来源:资阳报