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SHANGHAI, July 30 (Xinhua) -- China would firmly stick to its moderately easy monetary policy and concrete the recovery momentum of the country's economy, said vice governor of China's central bank on Wednesday. Su Ning, Vice Governor of the People's Bank of China (PBOC) made the remarks in a meeting held in the bank's Shanghai-based headquarter, saying a proactive fiscal policy and moderately easy monetary policy were crucial for sustained growth. Despite an initial economy recovery resulted from the government's stimulus efforts in the first half, the country still faced severe difficulties and challenges from both domestic and abroad. In the second half, the PBOC would use a set of monetary policy mix to coordinate a "reasonable" credit structure based on market rules, and to ensure more loans to major infrastructure construction and technology innovation, Said Su. China's economy rebounded to grow 7.9 percent in the second quarter driven by a surge of fixed-asset investment backed by government's 4-trillion-yuan stimulus package on last September. Chinese banks lent a record 7.37 trillion yuan in the first half to shore up the economy, which sank to 6.1 percent in the first quarter.
BEIJING, Oct. 2 (Xinhua) -- A senior Chinese leader has called on all security staff to provide zero-mistake security guarantee for the week-long National Day holiday. Zhou Yongkang, member of the Standing Committee of the Communist Party of China (CPC) Central Committee Political Bureau, visited a command center in Beijing Thursday afternoon to learn about the overall social security condition across the country. Zhou Yongkang (C), a member of the Standing Committee of the Political Bureau of the Central Committee of the Communist Party of China, pays regards to security personnel in Beijing, China, Oct. 1, 2009."Festive air can be found in every corner of the country," said Zhou, who was in charge of law enforcement. He attributed the overall stable situation to the police's hard work and expressed his appreciation to them. He also expressed his gratitude to security volunteers, with the oldest being 75 years old. "Only by mobilizing the masses can we form a strong fortress for national security and social stability," he said. On Thursday morning, Zhou visited security staff ahead of the grand celebration marking the 60th founding anniversary of the People's Republic of China (PRC) and asked them to do their best to ensure a smooth organization of all activities. China staged a grand military parade and massive celebration in Tian'anmen Square at the heart of Beijing Thursday to mark the 60th founding anniversary of the PRC.
BEIJING, Oct. 9 (Xinhua) -- China's retail sales of consumer goods totaled 570 billion yuan (about 83.5 billion U.S. dollars) during the National Day holiday, with average daily sales up 18 percent compared with the same period of last year, the Ministry of Commerce said Friday. Sales of household appliances soared during the eight-day holiday which started from Oct. 1. Among them, high-definition flat screen TV sets, digital cameras, side-by-side refrigerators and 3G mobile phones are consumers' favorites. In the case of Kaiyuan Mall in Xi'an, capital of Northwest China's Shaanxi Province, sales of household appliances gained by 34.7 percent year on year. Customers are seen at a shopping mall in Shanghai, east China, Oct. 8, 2009 Jewelry and cars became hot sellers as well. The sales of jewelry of Caishikou Department Store in Beijing topped 100 million yuan, up 30 percent year on year. Car sales of major car-selling companies in Southwest China's Chongqing Municipality increased by 71.7 percent year on year. The selling boom in the home appliance and car sectors was partly stimulated by a policy approved by the State Council in June this year, aiming to spur domestic consumption by subsidizing buyers of cars and household appliances, according to the ministry. For example, consumers can first sell their old household appliances to recycling companies and obtain a certification card from the recyclers. Card holders then can purchase new appliances with a 10 percent cut in prices when showing retailers the card. Meanwhile, sales promotion in major cities also played an important role in the holiday consumption boom.
PHUKET, Thailand, July 22 (Xinhua) -- China and the United States need to maintain high-level contact and deepen cooperation in various areas of common concern, Chinese Foreign Minister Yang Jiechi said here Wednesday in his meeting with U.S. Secretary of State Hillary Rodham Clinton. Yang said the two countries should also keep close communication and collaboration on global issues and properly handle disputes and sensitive issues in order to push forward bilateral ties. Chinese Foreign Minister Yang Jiechi (2nd L) meets with U.S. Secretary of State Hillary Clinton (1st R) in Phuket, Thailand, on July 22, 2009.Both Yang and Clinton are in the southern Thai resort Phuket to attend ASEAN Regional Forum scheduled on Thursday. The ASEAN, or Association of Southeast Asia Nations, groups Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam. Clinton said that the U.S. hoped to closely cooperate with China in dealing with challenges and threats such as the global financial crisis and international terrorism to maintain world peace and security. During the meeting, the two sides also mentioned the upcoming first U.S.-China strategic and economic dialogue. The dialogue will be held in Washington, D.C. from July 27 to 28. Clinton and U.S. Treasure Secretary Timothy Geithner will be joined for the dialogue by their respective Chinese Co-Chairs, State Councilor Dai Bingguo and Vice Premier Wang Qishan. The dialogue will focus on addressing the challenges and opportunities that both countries face on a wide range of bilateral, regional and global areas of immediate and long-term strategic and economic interests. On Wednesday, Yang also met with his counterparts from Russia, South Korea and Pakistan.
BEIJING, Oct. 10 (Xinhua) -- Chinese Vice Premier Li Keqiang Saturday urged for greater efforts to guarantee the high quality of key construction projects and projects typically to improve the people's livelihood. Li made the remarks at the opening ceremony of the Second China Tendering and Bidding Forum held in Beijing. "Along with the growing economy and expanding investment, the quality and benefits of key construction projects should be put in more important positions", Li emphasized. Chinese Vice Premier Li Keqiang (L,front) speaks during the opening ceremony of the Second China Tendering and Bidding Forum in Beijing, Oct. 10, 2009 Under the circumstances of global financial crisis, when China is promoting its domestic demand, the efficiency of investment fuelling economic growth should be strengthened, said Li. Li said the system of tendering and bidding and government procurement played an important role in guaranteeing the high quality of key construction projects and projects for people's livelihood. Li also stressed the significance of safety during construction and called for efforts to prevent corruption in the projects.