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BERN, Switzerland, Jan. 27 (Xinhua) -- China and Switzerland decided on Tuesday to begin a joint feasibility study on creating a bilateral free trade zone in the second half of this year in preparation for formally launching negotiations on the issue. During talks in the Swiss capital, visiting Chinese Premier Wen Jiabao and President of the Swiss Confederation Hans-Rudolf Merz exchanged views on the current international financial and economic situation and briefed each other on the policies and measures China and Switzerland have taken regarding the international financial crisis. President of the Swiss Confederation Hans-Rudolf Merz (L2) holds talks with visiting Chinese Premier Wen Jiabao (R3) in Bern Jan. 27, 2009The two leaders agreed that it is an urgent task for the two countries to work more closely together to tide over the difficulties against the backdrop of the financial crisis. The feasibility study on a free trade zone is one of the measures the two nations agreed to take in order to jointly tackle the challenges brought about by the international financial crisis. Other measures include deepening financial cooperation, expanding trade and investment, opposing trade protectionism, and promoting reform of the international financial system. China and Switzerland will also boost joint work in technology, energy, environmental protection, as well as in the medical and cultural sectors. The Chinese premier arrived here earlier in the day for an official visit to Switzerland and will also attend the annual meeting of the World Economic Forum in Davos. President of the Swiss Confederation Hans-Rudolf Merz (R4) meets with visiting Chinese Premier Wen Jiabao (R5) in Bern Jan. 27, 2009.Wen said during the talks with Merz that the political mutual trust between China and Switzerland has been deepened and bilateral cooperation has been fruitful since the two nations set up diplomatic ties 59 years ago. He said China values the traditional friendship with Switzerland and is ready to promote high-level exchanges and expand their cooperation that is based on mutual respect and mutual benefit. Merz expressed Switzerland's admiration for China's achievements in its reform and opening up, saying he believed China has an even brighter prospect for further growth. Switzerland hopes to strengthen the political dialogue and practical cooperation with China, he said. After the talks, China and Switzerland signed an agreement on promoting and protecting investment.
NANJING, Jan. 11 (Xinhua) -- Chinese Premier Wen Jiabao on Sunday wrapped up his 3-day inspection tour in eastern Jiangsu Province, during which he urged to enhance confidence and put in place government measures to boost domestic demands. Wen referred to "confidence" a number of times when he visited local businesses. Chinese Premier Wen Jiabao (2nd L Front) visits Sunshine Group Co., Ltd. in east China's Jiangsu Province, Jan. 9, 2009. Wen made an inspection tour in Jiangsu Province from Jan. 9 to 11. In the Jiangsu Sunshine Group, a clothes manufacturer, the company head told Wen that although the financial crisis hit the exporting businesses, their orders didn't drop as they kept bringing new products into the market. Workers were busy working on those orders due before the Spring Festival, Chinese traditional New Year. "The government's policies have created a favorable environment for businesses, but companies must be more creative and brave to overcome the financial crisis," Wen said. "You not only need to conquer the temporary difficulties, but also improve management, product quality and competitiveness, so as to be competitive in the world market." Chinese Premier Wen Jiabao (2nd L) talks to shoppers at Suguo supermarket in Nanjing, capital of east China's Jiangsu Province, Jan. 10, 2009. Wen made an inspection tour in Jiangsu Province from Jan. 9 to 11. On Saturday, Wen visited a farm equipment manufacturer in Changzhou city. He asked about equipment sales when the company leader said the government's policies had been a great help for the company's development. The policies include changing value-added tax, enhancing tax rebate and giving allowance to farmers who buy farm equipment. Wen encouraged the company to make the best farm equipment. "China has the world's largest population of farmers, and we should make the best farm equipment as well. I hope with your efforts, we could make it come true," Wen said. During the tour, Wen visited many other companies, including oil companies, telecommunications manufacturers and food plants. Chinese Premier Wen Jiabao (R) visits Changfa Group in Changzhou City, east China's Jiangsu Province, Jan. 10, 2009. Wen made an inspection tour in Jiangsu Province from Jan. 9 to 11. Wen had discussions with experts from different industries on overcoming the current financial crisis. He emphasized on "confidence", and urged to rejuvenate the economic as soon as possible. Wen also visited Changzhou vocational education base, where he told students that ensuring employment is the government's major task in order to conquer the financial crisis. "Knowledge is power, safety and happiness," Wen told the students. "I hope all of you can serve the people with your talents." Chinese Premier Wen Jiabao (R) talks to local residents in the Xuanwu District of Nanjing, capital of east China's Jiangsu Province, Jan. 10, 2009. Wen made an inspection tour in Jiangsu Province from Jan. 9 to 11. Chinese Premier Wen Jiabao (2nd R) talks to shoppers at Suguo supermarket in Nanjing, capital of east China's Jiangsu Province, Jan. 10, 2009. Wen made an inspection tour in Jiangsu Province from Jan. 9 to 11.
Lhasa, Jan. 10 (Xinhua) -- Four media organizations from China's neighboring countries will be invited for the first time to cover the annual session of the People's Congress of the Tibet Autonomous Region to be held on Jan. 14. The plenary session of the Regional Committee of the Chinese People's Political Consultative Conference to be held on Jan. 12 will also be open to foreign press. According to a press conference held by the two sessions on late Saturday, the invitations to the four foreign media were an effort to "let the world know better about a real and new Tibet through an objective visual angle." Names of the foreign media organizations were not specified. Tibet authorities also revealed that they will invite diplomats with Nepal's consulate general to Lhasa, capital of the autonomous region, to attend the opening and closing ceremonies of the sessions. There will be nearly 200 journalists from 16 media organizations home and abroad to report the annual sessions this year, the press conference was told. At the two sessions, report on the work of the regional government will be discussed, as well as local budgets and plans for social and economic developments.
DESTROYER WUHAN, Dec. 30 (Xinhua) -- A Chinese naval fleet en route to the Gulf of Aden and waters off Somalia for an escort mission against pirates completed its first replenishment at sea Tuesday. The fleet, two destroyers and a supply ship, has entered the Indian Ocean after a four-day voyage which set sail from China's southernmost island province of Hainan. In the afternoon, the supply ship Weishanhu successfully refueled the two destroyers Wuhan and Haikou with several hundred tons of oil, an operation that an official for fleet support described as "highly efficient." The fleet will cruise for about 10 days before arriving in the Gulf of Aden to join a multinational patrol in one of the world's busiest sea lanes endangered by surging piracy. The recent pirate attack on a Chinese fishing vessel has raised great concern of the Chinese government and people. Statistics showed that some 1,265 Chinese commercial vessels have passed through the gulf so far this year and seven have been attacked. The UN Security Council has adopted four resolutions calling on all countries and regions to help patrol the gulf and waters off Somalia since June. The latest resolution authorized countries to take all necessary measures in Somalia, including in its airspace to stop the pirates. A helicopter of the Chinese naval fleet attends a landing exercise at night on Dec. 28, 2008, while the Chinese naval fleet heads for the Gulf of Aden. The Chinese naval fleet including two destroyers and a supply ship set off on Dec. 26 for waters off Somalia for an escort mission against piracy
BEIJING, Nov. 2 (Xinhua) -- China's gross domestic product (GDP) growth is expected to slow to 9.4 percent in 2008 from last year's 11.4 percent as the shrinking exports will cool the world's fourth largest economy, according to a Chinese credit rating agency report on Sunday. The fundamentals of the economy are sound, but falling export orders would take a toll on the national economy in the short term, and domestic consumption needed time to play a bigger role, said the report released by the China Chengxin International Credit Rating Co. (CCXI), a joint venture of China's first rating agency China Chengxin Credit Management Co. Ltd. and U.S.-based Moody's Corporation. The changing external economic environment and the burst of domestic asset bubbles would exacerbate the slowing economy, said the report. The proactive fiscal policy was key to preventing the economy from falling and there was room for further cuts in bank reserve requirement ratios and interest rates. It predicted the economy would gain 8.6 percent in 2009, but it gave no explanation of its forecast. China's economy grew at 9 percent in the third quarter, the slowest in five years, as the global financial crisis sapped demand for Chinese goods, and domestic industrial production waned in response to weak demand and rising raw material costs. The government has lowered interest rates three times in the last two months, increased export rebates and cut property transaction taxes to boost domestic consumption. The report said the world financial crisis would have limited direct impact on the domestic banking system, but it warned Chinese exporters of default risks of foreign buyers. Insurers and securities companies would be affected as the domestic capital market was growing more connected to the international market. In September, the Manila-based Asian Development Bank, projected China's GDP growth to fall to 10 percent this year and further ease to 9.5 percent in 2009. The slow-down was a result of the combined effects of a reduced trade surplus, slower growth in investment, and the global economic downturn, the Asian Development Outlook 2008 Update has said.