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BEIJING, April 8 (Xinhua) -- Chinese Vice President Xi Jinping met on Wednesday with visiting Thai Princess Maha Chakri Sirindhorn. Xi expressed appreciation for her contribution to Sino-Thai friendship and donation to the country's earthquake-hit areas. During her China trip from April 3-10, Sirindhorn visited southwest China's Sichuan Province, and donated 10 million yuan for the rebuilding of schools damaged by last year's devastating earthquake. Chinese Vice President Xi Jinping (R) shakes hands with Thai Princess Maha Chakri Sirindhorn in the Great Hall of the People in Beijing, China, April 8, 2009 Xi said China is ready to make joint efforts with Thailand to raise bilateral strategic cooperation to a new level. Remarkable progress in bilateral cooperation has benefited the two peoples, and contributed to regional peace and stability, Xi said. Sirindhorn told Xi she has a deep affection for China, and she is impressed with the great changes taking place in China whenever she visits the country. The Thai princess said she would contribute more to enhancing Thailand-China friendship and cooperation.
ZURICH, SWITZERLAND, Feb. 26 (Xinhua) -- A Chinese business delegation inked trade deals worth more than 300 million U.S. dollars with Swiss companies on Thursday, ending the second leg of their four-state procurement tour in Europe. The agreements covered products ranging from software to electric equipments and metals, which meet China's domestic needs, according to Chinese trade officials. Among those agreements, Switzerland's ABB, a global leader in power and automation technologies, signed a letter of intent for the supply of generator circuit breakers to China Nuclear Power Engineering Company. Switzerland's Glencore, one of the world's largest suppliers of a wide range of commodities and raw materials to industrial consumers, also signed a deal with Chinalco, the world's second largest alumina producer and the third largest primary aluminum producer. Holcim, one of the world's leading suppliers of cement and aggregates based in Switzerland, deepened its partnership with China's Huaxin Cement Company (HCC). They signed a frame agreement for technical service, technology and new equipment supplies covering the next two years. Holcim is already the single largest shareholder in HCC, holding a stake of 39.9 percent of the Chinese firm. "HCC with Holcim's support will continue to strengthen and extend its leading role as a modern cement producer in China," the two companies said in a statement. Chinese Commerce Minister Chen Deming (L) shakes hands with Swiss Economy Minister Doris Leuthard, after signing a memorandum on the intensification of technical cooperation in the field of environmental technology, in Zurich, Switzerland, Feb. 26, 2009. Chen and Leuthard attended here on Thursday the Sino-Swiss Economic and Trade Forum with the aim of intensifying relations between Swiss and Chinese companiesChinese Commerce Minister Chen Deming, who led the delegation, said that besides this team, there will be more Chinese business delegations coming to Switzerland for trade and investment opportunities. Swiss Economy Minister Doris Leuthard revealed that a Swiss business group will also go to China within the year. Both ministers witnessed the deal-signing ceremony and opened an economic and trade forum with the aim of intensifying relations between Swiss and Chinese companies. Addressing the forum, Chen said that cooperation is the effective way to tackle the international financial crisis which posed great challenge to world economy. Chinese Commerce Minister Chen Deming (L) and Swiss Economy Minister Doris Leuthard attend a press conference in Zurich, Switzerland, Feb. 26, 2009. Chen and Leuthard attended here on Thursday the Sino-Swiss Economic and Trade Forum with the aim of intensifying relations between Swiss and Chinese companies"Past experience shows that in time of crisis it is all the more important to adhere to a policy of openness and cooperation," he said. "Protectionism will not revive the economy. Rather, it will exacerbate the recession." "This trade and investment promotion delegation to Europe is a clear indication of China's opposition to protectionism and its readiness to work together with Europe in tiding over the crisis," he added. Highlighting China and Switzerland are important economic and trade partners to each other, Chen said the two economies are highly complementary. China is highly competitive in labor-intensive products, such as garments, jewelry, footwear and containers, offering budget choice to Swiss consumers, while Switzerland boasts a distinct competitive edge in watches, medicines, measuring instruments and precision machinery. In 2008, bilateral trade between China and Switzerland reached 11.25 billion U.S. dollars, increasing 19.2 percent despite the economic downturn. China is now Switzerland's second largest trading partner in Asia. Leuthard said that the visit by the Chinese delegation sent a strong signal that China and Switzerland remain committed to open markets and against protectionism. She said the agreements between Swiss and Chinese companies are "good news to our businesses." "They signed contracts which will safeguard jobs and strengthen the cooperation between Swiss and Chinese companies in different fields in our economy," she said. Earlier today, Leuthard and Chen signed a memorandum on the intensification of technical cooperation in the field of environmental technology. "Switzerland and China will cooperate more strongly to ensure that economic growth can be shaped in a more sustainable and environmentally-sound manner," the Swiss government said. To this end, a joint working group is to be established to examine the potential for cooperation in the areas of technology transfer, energy efficiency, renewable energies and the efficient use of resources. The group will submit proposals on the shape of this cooperation. Switzerland is the second stop of the Chinese business delegation's European tour. On Wednesday, they signed 37 procurement deals worth about 11 billion euros (14 billion U.S. dollars) with local firms in Germany. In an interview with Xinhua on Wednesday, Chen expected purchase deals with Switzerland would be modest compared with Germany due to the gap in the two countries' economic scales. The delegation will arrive in Madrid, Spain later today and then London, the last stop. Chen said the deals to be signed there could be a more than in Switzerland.
BEIJING, March 5 (Xinhua) -- The international press has given extensive coverage to Chinese Premier Wen Jiabao's government work report at the Second Session of the 11th National People's Congress (NPC) which started on Thursday, and praised China's persisted target of 8 percent annual economic growth in the face of the world financial crisis. The French-based AFP reported that despite the turbulence and recession of the world economy, "Wen forecast China can sustain eight percent economic growth in 2009, boosting hopes China's export-driven economy will cope with the crisis." "Asian markets rallied for a second day after Chinese Premier Wen Jiabao on Thursday reaffirmed his government's growth aims, triggering gains across the region in China-related stocks," it reported. On Thursday, the benchmark Nikkei-225 climbed 142.53 points to 7,433.49, up 1.95 percent. The British news agency Reuters said: "Premier Wen Jiabao assured on Thursday that China will achieve 8 percent growth this year despite a deepening financial crisis, setting out export support and spending programs to shore up the economy." Wen said China's budget deficit this year will reach 950 billion yuan (140 billion dollars), and though he did not announce fresh economic stimulus, his assurances helped extend a rally in Asian markets, Reuters reported. The U.S.-based Associated Press (AP) said: "China rolled out an aggressive government spending program on Thursday, promising ramped-up outlays for infrastructure and social programs to ward off the global economic downturn and forestall unrest." The German Press Agency (dpa) said China seeks to bolster the economy against the effects of a global slowdown. China announced a record annual budget deficit of 950 billion yuan (140 billion dollars), but Wen stressed that the deficit was below 3 percent of China's gross domestic product (GDP), remaining "within the acceptable range of what our overall national strength can bear and is therefore safe," dpa said. The Financial Times said Premier Wen pointed out that the international environment is becoming more complex and the financial crisis is further deepening. But China will meet its goal of 8 percent economic growth as long as the Chinese government establishes right policies, takes proper measures and pushes for effective implementation. Both the Financial Times and the British Broadcasting Corporation (BBC) reported that the ongoing meetings of the NPC and the Chinese People's Political Consultative Conference (CPPCC) drove up international stock markets on Wednesday, saying the Chinese economy has become a favorable factor for bourses around the globe. The Daily Telegraph said the economic stimulus plan announced by China last year concentrated on infrastructure, but Wen stressed the need to care about the healthcare and social insurance systems, especially in rural regions. The Swedish Broadcasting Corporation said Wen pinpointed China's target of 8 percent growth in his report, and expounded the importance to increase employment and control the registered urban unemployment rate at under 4.6 percent. New Zealand TV said the international community is closely watching developments of China's two annual conferences at a time when the global economy is undergoing a big recession. As a result of China's plan to expand its domestic demands and a series of the Chinese government's economic stimulus packages, quite a few stock markets have rebounded in the past two days, the TV report said. Premier Wen asked Chinese enterprises to consolidate their market shares in the traditional export destinations and do their utmost to explore the emerging markets, under a circumstance that global demands have been falling drastically and against a backdrop that trade protectionism is re-emerging, Interfax reported. Wen encouraged Chinese small- and medium-sized enterprises to cultivate name brands for export, it said. China is a developing country with a population of 1.3 billion. It must maintain a reasonable pace of economic growth to raise the employment rate both in urban and rural areas, increase people's incomes and safeguard social stability, another Russian news agency said. World Daily, the biggest Chinese newspaper in the Philippines, said in an editorial that the annual NPC meeting is being held when the global financial storm is hitting every corner of the world. Nearly 3,000 deputies will discuss national policies and put forward feasible suggestions. China's economic development this year will have an important effect on its growth in coming years. Therefore the deputies attending the critical meeting shoulder great responsibilities, the daily said.
BEIJING, April 14 (Xinhua) -- Chinese cities saw the fastest economic growth among all cities internationally, in 2008, but their overall competitiveness was still only at medium or low levels globally, according to a report released here Tuesday. The report, entitled the Blue Book of Urban Competitiveness, was released by the Chinese Academy of Social Sciences (CASS). It showed that ten of the 15 fastest-growing cities worldwide in 2008 were in China. The ten cities are Baotou and Hohhot in the northern Inner Mongolia Autonomous Region, Yantai, Weifang and Weihai in eastern Shandong Province, Dongguan, Zhongshan and Huizhou in southern Guangdong Province, and Wuhu and Hefei in eastern Anhui Province. However, Chinese cities ranked at only medium or low levels among world cities in terms of overall competitiveness, the report said. The ten most competitive cities in China, according to the report, are Hong Kong, Shenzhen, Shanghai, Beijing, Taipei, Guangzhou, Qingdao, Tianjin, Suzhou and Kaohsiung. But Hong Kong only ranked the 26th among world cities, Shanghai the 41th, and the others still lower. Ni Pengfei, a CASS scholar who led the research, said 294 large and medium-sized China cities were rated, including those in Hong Kong, Macao and Taiwan. The overall competitiveness of a city is based on its advantages in human resources, capital, science and technology, infrastructure, environment, governance and so on. The report was compiled by nearly 100 scholars from Chinese universities, statistics departments, and research institutes.
TIANJIN, Feb. 16 (Xinhua) -- Chinese Premier Wen Jiabao went on a morale boosting tour in the northern port municipality of Tianjin, an industrial hub near Beijing, Sunday and Monday. Wen talked with textile workers, steel makers, tire manufacturers and students during the tour to see how the city is weathering the global financial crisis. Chinese Premier Wen Jiabao (L Front) talks with workers as he visits an iron and steel factory in Tianjin, north China, Feb. 15, 2009. Premier Wen made an inspection tour in Tianjin on Feb. 15-16At the Tianjin Tianfang Investment Holding Co., a textile firm, company chairman Liu Baogen told Wen January sales increased 0.3 percent year on year and orders have been secured till March. Wen said the textile industry is a pillar of China's economy. He offered three suggestions to the sector: Adjust the product structure according to domestic and overseas demand; increase corporate competitiveness by lifting product quality and reducing costs; explore sales in both the domestic and overseas markets. Chinese Premier Wen Jiabao (L) shakes hands with a student as he visits Nankai University in Tianjin, north China, Feb. 15, 2009. Premier Wen made an inspection tour in Tianjin on Feb. 15-16.The Premier also visited a watch maker, an auto molding company, the construction site of an ethylene and refinery project and an animation technology firm. Wen told employees to explore the market and look for new opportunities against the ongoing global financial crisis. He also went to see students at Nankai University, the most reputed college in Tianjin. He reassured them government agencies would do their best to find them jobs.