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BEIJING, March 11 (Xinhua) -- China's February consumer price index (CPI), a main gauge of inflation, is still within normal range, although the figure surged higher than expected last month.CPI rose 2.7 percent year on year in February, 1.2 percentage points higher than January, driven by a 6.2 percent rise in food prices, the National Bureau of Statistics (NBS) said Thursday.Yang Ziqiang, head of the People's Bank of China's Jinan bureau, said the hefty rise is because the Lunar New Year holiday fell in February this year, but in January last year.The Lunar New Year holiday, or Spring Festival, is the most important traditional festival in China for family reunion. People usually spend a lot on food, alcohol, cigarettes and gifts during the period.Yang, also a deputy to the National People's Congress (NPC), China's top legislature, made the sidelines of the ongoing NPC session.China targets a rise of consumer price of around three percent this year, says a government work report delivered by Premier Wen Jiabao at the parliament's annual session on March 5.Yang said severe inflation is unlikely to emerge this year, as market supply still outweighs demand, and government regulation on the real estate industry will help stabilize prices.But he cautioned against the consistent commodity price increases, as the international crude oil prices rebounded to above 80 U.S. dollars a barrel.Li Daokui, a financial professor with the Tsinghua University, said CPI rise exceeds the current one-year deposit interest rate, or 2.25 percent, which will enhance the expectation of interest rate rise.China's CPI ended nine months of decline in November last year, when it rose 0.6 percent, as the economy picked up thanks to the government's stimulus package.However, the unprecedented bank loans last year together with runaway housing prices pushed up fears for inflation and asset bubbles, posing a policy dilemma for the government to balance between sufficient economic growth and containing potential overheating.

ANKARA, Jan. 27 (Xinhua) -- China and Turkey said Wednesday the two countries look to stronger political trust and closer economic cooperation in future to benefit the people of both countries.Visiting Chinese Foreign Minister Yang Jiechi said China highly values its relationship with Turkey and will continue to handle the relationship from a strategic and long-term perspective during his meeting with Turkish Prime Minister Recep Tayyip Erdogan in Ankara.Erdogan said the Turkish government has the same political will to cement ties with China, noting that Turkey adheres to the one- China policy and acknowledges the government of the People's Republic of China is the only legal government that represents the whole China. Turkish Prime Minister Recep Tayyip Erdogan (L) meets with visiting Chinese Foreign Minister Yang Jiechi in Ankara, Turkey, Jan. 27, 2010The two countries should fully tap the potential of cooperation in trade, investment and infrastructure construction and jointly tackle the impact of the global financial crisis, said the prime minister.Yang expressed China's appreciation for Turkey's stance to uphold the one-China policy and respect for China's sovereignty and territorial integrity.He also extended welcome for Turkey's participation in the World Expo to be held in Shanghai this year.China and Turkey have seen frequent visits by high-level officials in recent years and witnessed their trade surge from more than 1 billion U.S. dollars in 2000 to 12.6 billion U.S. dollars in 2008.Yang arrived in Turkey on Monday for a two-day visit and attended a regional summit on Afghanistan held in Istanbul as a special representative of Chinese President Hu Jintao. Visiting Chinese Foreign Minister Yang Jiechi (L) shakes hands with his Turkish counterpart Ahmet Davutoglu after a press conference in Istanbul, Turkey, Jan. 27, 2010He held talks with his Turkish counterpart Ahmet Davutoglu in Istanbul on Wednesday and agreed to advance friendly and cooperative relations between the two countries.
BEIJING, March 14 (Xinhua) -- China saw a 32.9 percent growth year-on-year in fiscal revenue in the first two months of the year due to factors including rising tax revenue following continued economic recovery, the Ministry of Finance (MOF) announced Sunday.Fiscal revenue for January and February combined reached more than 1.36 trillion yuan (about 200.05 billion U.S. dollars), the MOF said in a statement posted on its website.Of the total, the central fiscal revenue topped 702.7 billion yuan, up 36 percent from the same period in 2009, while local governments raked in 657.61 billion yuan, up 29.7 percent.Fiscal revenue in January was 865.9 billion yuan, up 41.2 year on year and exceeding February's 494.5 billion yuan.The statement said the big difference in fiscal revenue between the past two months was resultant because a nationwide seven-day Spring Festival occurred in February, leading to fewer working days in the month.The MOF attributed the fast fiscal revenue growth to the continuing economic recovery in China which boosted tax revenue, and a low comparison base in the first two months last year, when revenue was down 11.4 percent due to the financial crisis.China's National Bureau of Statistics released figures last Thursday which showed in January and February, the country's industrial output grew 20.7 percent, and retail sales of consumer goods rose 17.9 percent, while the urban fixed assets investment leapt 26.6 percent, and import and export in general trade soared by 52.1 percent.
BEIJING, Feb. 2 (Xinhua) -- Li Changchun, a senior leader of the Communist Party of China (CPC), on Tuesday urged to provide the country's blind people with easier access to braille publications, textbooks and library services.Li, a Standing Committee member of the Political Bureau of the CPC Central Committee, made the comment when inspecting the China Braille Publishing House in Beijing.Li Changchun (C), member of the Standing Committee of the Political Bureau of the Central Committee of the Communist Party of China(CPC), looks at a braille book during his visit to the China Braille Publishing House in Beijing, capital of China, Feb. 2, 2010He said the CPC Central Committee attached great importance to the well-being of China's handicapped population, including the blind people.He called for stepped-up efforts to provide the blind with better cultural products and services to satisfy their growing need.
来源:资阳报