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YUSHU, Qinghai, June 1 (Xinhua) -- Chinese Vice President Xi Jinping on Tuesday called on members of the Communist Party of China (CPC) to play a leading role in reconstruction work in the quake-hit Yushu prefecture of northwestern Qinghai Province.Relevant authorities should place safeguarding and improving people's livelihood in the quake zone on top of their agenda, and should focus on ensuring normal lives and work for the people before reconstruction was completed, Xi said during an inspection in Yushu Tuesday.The vice president began his inspection in the quake zone by visiting Yushu's Hongqi Elementary School, where he encouraged the students to study hard to become "future talents for the development of the country, of Qinghai, and of the new Yushu prefecture."Xi also visited a field hospital and a reconstruction site.Chinese Vice President Xi Jinping(R front) shakes hands with a construction worker in quake-hit Yushu County, northwest China's Qinghai Province, June 1, 2010.Reconstruction of housing should be given top priority, Xi said, adding that authorities should also provide local people with better public service, balanced industrial structure, improved infrastructure and social order, more prosperous ethnic culture development as well as enhanced environmental protection.He also paid regards to members of the People's Liberation Army and the armed police who were currently engaged in quake relief in Yushu. He also visited a local temple and called on religious figures.The vice president acknowledged that members of the CPC had played a leading role in disaster relief, and urged them to continue to make solid efforts in the resettlement of victims, maintaining social order, and post-quake reconstruction.A total of 2,698 people have been confirmed dead, with 270 still missing after a 7.1-magnitude earthquake struck Yushu on April 14.
CHICAGO, May 22 (Xinhua) -- The macroeconomic control policies adopted by the Chinese government since mid-2008 have been proven successful, two economists said Saturday.Since late 2008, the Chinese government has taken a series of macroeconomic control policies to deal with the global financial crisis. The government carried on massive financial investment, some of which focused on real estate."In spite of some problems, the Chinese government has been making great progress in regulating and controlling the Chinese economy during the global financial crisis," Min Tang, a Chinese economist, said in an exclusive interview with Xinhua."Everything has two sides, good and bad. This macroeconomic control policy is an action taken to fight against a crisis," he said.Tang believed that whether or not the policies are successful should be judged from the macro perspective instead of a micro perspective."China was able to resume its rapid growth first when the global economy was still going downhill," Tang said, "China also successfully kept the confidence of its people and enterprises, which is more important than anything else. Therefore, the government's macro control is very successful."
BEIJING, May 28 (Xinhua) -- Lending by Chinese banks may drop to 600 billion yuan (88 billion U.S. dollars) in May as the central government winds down its stimulus program and cools the property market to prevent the economy from overheating, the Shanghai Securities News reported Friday.A fall in bank lending in May is expected after the government introduced a raft of measures to curb the skyrocketing property market in April. The measures included a ban on lending for third home purchases and increased scrutiny of developers' financing, the report said.Lu Zhengwei, an economist at Industrial Bank, estimates Chinese banks' May lending will be 450 billion yuan to 650 billion yuan, compared with 774 billion yuan in April."China has asked banks to strictly control lending to industries with overcapacity and to stop lending to new projects not in the 4-trillion-yuan stimulus package. These will be major reasons for a drop off in May lending," he said.China's banks lent 3.37 trillion yuan in the first four months of the year, about 45 percent of the government's full-year 7.5-trillion-yuan lending target.The National Bureau of Statistics is due to release major economic data for May, including new bank lending, mid-June.
SIRTE, Libya, March 27 (Xinhua) -- Chinese special envoy to the Middle East Wu Sike will convey on Saturday a message from President Hu Jintao to the Arab leaders during their 22nd summit billed "Summit of supporting Jerusalem' Steadfastness," kicked off today in the Libyan city of Sirte.In an exclusive interview with Xinhua News Agency, Wu said he came to the Arab summit, carrying a message from Chinese President Hu Jintao to the Arab leaders, extending congratulations on the occasion of the summit.China is paying much attention to the promotion of relations with the Arab world, Wu said, adding that China appreciates and supports the Arab efforts aiming to enhance cooperation and solidarity between the two sides.Speaking of the Chinese position towards the Israeli practices in the occupied lands, Wu said that China supports the Arab endeavors aiming to reach peace.The Chinese stance is cut-clear in this regard, Wu stressed, noting that China supports reaching a solution to the issue, based on international legitimacy resolutions, which state that Israel has no rights to impose any changes on lands occupied in 1967.Wu also pointed to China's long-standing position calling for the establishment of a sovereign Palestinian state and for peaceful coexistence between Israel and the Palestinians, saying this is China's permanent position which it will adhere to in all international forums.About China's vision towards the Israeli settlement activity, Wu said China categorically rejects the settlement activities in the occupied lands.During contacts with Israel, China showed commitment to this stance, to the importance of stopping the settlement activities, and to creating favorable circumstances for talks, Wu noted, saying that his attendance of the Arab summit comes within China's support for the Arabs, and to coordinate stances between the two sides.As for the Arab-Chinese Cooperation Forum, due to be held this May in China, Wu said that China and the Arab world are bound with favorable political ties and expanded, intensive economic cooperation.In the light of the global economic crisis, the strengthening of Chinese-Arab cooperation is of high importance.Over the past six years following the establishment of China- Arab Cooperation Forum, bilateral relations have seen tangible development, Wu said.The fourth session of the China-Arab Cooperation Forum, slated for May 13-14, will see an assessment of the Arab-Chinese cooperation over the past six years and means to push this cooperation forward in the future.China is represented by a delegation at the 22nd Arab summit, entitled "Summit of Supporting Jerusalem's Steadfastness," as an observer.
OTTAWA, May 5 (Xinhua) -- Larry O'Brien, Mayor of Canada's capital city of Ottawa, said that the achievement of his trip to China had exceeded his expectation, and the cooperation between China and Canada had a broad prospects.In an exclusive interview with Xinhua in his office in Ottawa after a journey to China accompanied by a business mission during April 6 to 16, O'Brien said that the trip, which was the first foreign mission since he took office as a Mayor of Ottawa in 2006, was productive and delighting.O'Brien visited Beijing, Chongqing, Shenzhen and Hong Kong during his trip in China, signing a Memorandum of Understanding ( MOU) on continuing cooperation between Ottawa and Beijing, and attending the signing ceremony of the Cooperation Agreement between Ocri and Beijing Investment Promotion Bureau.In the meantime, Ottawa Tourism and Beijing Badaling special zone's office signed MOU of Cooperation between Badaling Great Wall in Beijing and the Rideau Canal in Ottawa. And Canada's Plasco Energy Group Inc. and Beijing Environmental Sanitation Engineering Group Co (BESG) also signed a MOU to establish facilities in Beijing to convert waste to clean energy.O'Brien noted that Plasco's signing MOU with BESG exceeded his expectation, and he was impressed by the quick research speed and by their ability to sign the document during this visit. He said it was "a present and a surprise," and "a good achievement for our trip.""It underscores the importance of having government and industry working together, to create a better bond between the city of Beijing and the city of Ottawa," he added.Talking about the MOU in tourism, O'Brien said: "Rideau Canal in Ottawa, which is built in 1826-1832, is really worthwell. ( Tourists coming here) will feel the warmth of 900,000 warm Canadian hearts, warm Ottawa hearts. We are going to promote the Great Wall as well, which I had the honor and distinguish pleasure to go and visit this time."He also said that China had set Canada, where has a lot of places worth to see besides Ottawa, such as the mountains, the west coast, and the sea villages on the east coast, as the destination for tourists. "I am hoping that more Chinese to take this opportunity to move over to see how we live in Canada."In Shenzhen, O'Brien visited Huawei Technologies' research and development plant, welcoming it to invest in Ottawa. "Ottawa is a good place to do business. We have wonderfully clean and safe environment, with half of our population received college education or greater. Huawei has 70 to 80 people in Ottawa now, and expect to increase to 250 in three years," he said. And he also warmly welcomed other Chinese companies to establish research and development facilities in Ottawa."Due to the warm of the reception and the success we enjoyed during the trip, vast majority of our counselors and the citizens of Ottawa were very happy (with the achievement), and gave very positive comments on it," he said.He also said: "I think everybody on this trip had their eyes opened on the size of the market in China, found the opportunities to follow up, and the pace of being able to capture market opportunities.""In order to create trade and opportunities, you must have communications and trusts. Every long and wonderful journey starts with a single step. I would like to encourage our clean technique companies to begin this step," he added.O'Brien believed that the entire developing world was one third of the world economy 15 years ago. And now, Asia is half of the world economy, and will be 65 percent of that after 10 to 15 years. "We hope to participate in its economic development, especially to play a role in supporting the market growth in both China and India.""Fast forward to 2010, this is a brand new China. I am confident that there will be more mutually beneficial business arrangements. Already China has invested 10 billion U. S. dollars in the last 18 months in Canada in oil and minerals. I perceive this as the beginning of another series of cross fertilizations between our economies, and between our cultures. And I came away from the trip with great optimism for the future," he concluded.