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CHANGCHUN, Sept. 2 (Xinhua) -- Chinese Vice Premier Li Keqiang Wednesday said the country's old industrial base should coordinate economic growth and industrial restructuring to revitalize regional development. During an inspection tour in northeastern Jilin Province on Monday and Tuesday, Li urged stepping up innovation, pushing forward industrial restructuring, and improving people's lives, in order to achieve sound economic and social development. Chinese Vice Premier Li Keqiang (L Front) visits Bajiazi Forestry Bureau's shantytowns in Yanbian Korean Autonomous Prefecture, northeast China's Jilin Province, Aug. 31, 2009. Li Keqiang made an inspection tour in Jilin Province from Aug. 31 to Sept. 1.During an inspection of the First Automobile Works, Li encouraged the pioneering auto maker to innovate based on its own technology, in order enliven the enterprise. Li also visited several other enterprises, including the Jilin Aodong Medicine Industry Group Co., Ltd., a leading pharmaceutical company, and encouraged firms to diversify their product mix to meet various demands and explore new markets. Chinese Vice Premier Li Keqiang (R Front) talks with workers at Changchun First Automobile Works in Changchun, capital of northeast China's Jilin Province, Aug. 31, 2009Li also visited shanty towns in Yanbian city where tens of thousands of forestry workers live. He urged local government to speed up the building of low-income housing and the renovation of the shanty towns, to rehouse low-income workers who deserved better conditions. China has 1.7 million forestry workers, of whom 960,000 live in shanty towns. Chinese Vice Premier Li Keqiang (R2 Front) visits the Yanji branch of Jilin Aodong Pharmaceutical Industry Group in Yanji, northeast China's Jilin Province, Aug. 31, 2009.China is aiming to provide proper housing for 7.5 million low-income urban households and 2.4 million households of coal mine, reclamation area and forest zone workers living in shanty towns within three years, Premier Wen Jiabao said in March. The central government has pledged to allocate 49.3 billion yuan (7.25 billion U.S. dollars) from the central budget to finance housing projects in 2009 alone. Chinese Vice Premier Li Keqiang (L) visits Bajiazi Forestry Bureau's shantytowns in Yanbian Korean Autonomous Prefecture, northeast China's Jilin Province, Aug. 31, 2009.
BEIJING, July 28 -- China expressed its hope that the U.S. government will be able to cut its budget deficit in order to prevent inflation that could jeopardize the value of China's dollar-denominated assets, as the two countries wrapped up the first of two days of high-level talks here. "We sincerely hope the U.S. fiscal deficit would be reduced, year after year," Zhu Guangyao, assistant minister of finance, told reporters after the conclusion of the first day of talks, which have been dubbed the U.S.-China Strategic and Economic Dialogue. "The Chinese government is responsible and first and foremost our responsibility is [for] the Chinese people, so of course we are concerned about the security of the Chinese [dollar] assets," Zhu said. China holds a total of more than 800 billion U.S. dollars in U.S. treasury debt, making it America's largest foreign creditor. As a result of recent American efforts to counter the financial crisis and stimulate the economy, U.S. government spending has soared, and is projected to reach 1.84 trillion U.S. dollars this year. That is more than four times the previous high. Many investors and economists fear this deficit spending will lead to inflation, as the increase in the supply of dollars drives down their value, thereby also reducing the value all dollar-denominated assets, including U.S. Treasury bonds. As a result, some investors have started to buy shorter-term bonds, which they hope will not be impacted by any longer-term inflation driven by increased government spending. U.S. Secretary of Treasury Timothy Geithner assured the Chinese delegation in his opening remark on Monday that U.S. has taken steps to overhaul its financial system, enhance regulation, and control the deficit. "We are committed to taking measures to maintain greater savings and to reducing the federal deficit to a sustainable level by 2013," he said. However, Geithner did not reveal how, specifically, the United States planned to achieve its deficit-cutting goals during the dialogue. Both American and Chinese officials, however, agreed that the economy has begun to slowly stabilize. "We have agreed that green shoots have emerged in the international economy and financial markets," said Zhu. However, the economic foundation is far from being sound, and the current situation remains severe, Zhu warned. China's economy has shown solid signs of recovery, with its GDP growth picking up to 7.1 percent in the first half of this year after dipping to as low as 6.1 percent in the first quarter. The country's retail sales growth was 15 percent in the first half of this year, the highest since 1985, according to Ministry of Finance figures. The two-day talks, which are co-chaired on the Chinese side by Vice Premier Wang Qishan and State Councilor Dai Bingguo, and the U.S. Secretary of State Hillary Rodham Clinton and Secretary of Treasury Timothy Geithner on the U.S. side, covered a wide array of issues, including the global economy, climate change and clean energy as well as regional security issues. At the opening ceremony on Monday, U.S. President Barack Obama emphasized his hope for closer cooperation between the two countries. "I believe that we are poised to make steady progress on some of the most important issues of our times," he said. "The relationship between the United States and China will shape the 21st century."

BEIJING, Oct.17 (Xinhua) -- China's civil aviation industry made profits of 9.1 billion yuan (about 1.33 billions U.S. dollars) in the first nine months of 2009, despite the punch by the financial crisis on the world's civil aviation industry, said the Civil Aviation Administration of China (CAAC) on Saturday. Domestic air passenger traffic volume grew by 23.6 percent from a year earlier in first nine months of this year. Performance of small airports, those that handle less than 1 million passengers annually, were most inspiring, said Li Jiaxiang, director with the CAAC, at the 2009 China International General Aviation Convention held in northwest China's Shaanxi Province on Saturday. Li said that passenger volume of small airports grew 26.7 percent year on year to 14.87 million in the first half. He contributed the vibrant performance of small airports and regional air routes to the more balanced economic development of China's different regions in recent years, which was the result of the country's strategies to develop the relatively poor western and central regions and to revive the old industrial base in northeastern regions. Besides, the fact that Chinese people are becoming richer and CAAC's policies carried out last year to subsidize small and medium-sized airports and regional air routes also helped the passenger volume rise of small airports, said Li. By the end of 2008, China had 116 small airports, accounting for 73 percent of the total number of the country's airports.
NEW YORK, Sept. 23 (Xinhua) -- Chinese President Hu Jintao met with his South Korean counterpart Lee Myung-bak here on Wednesday morning on the sidelines of the UN meetings to discuss bilateral ties and other issues of common interests. Hu said thanks to their joint efforts the two countries have seen steady progress of exchanges and cooperation in various fields in recent years. All consensus reached between them have been implemented smoothly, with some already bringing about remarkable results, Hu said. Hu noted that the two countries have maintained fine communication and coordination in regional and international affairs, adding that China is ready to join hands with South Korea to strengthen strategic communication and expand mutually beneficial cooperation, so as to bring concrete benefits to both peoples and contribute to peace, stability and prosperity in Northeast Asia. Chinese President Hu Jintao (R) meets with South Korean President Lee Myung-bak in New York Sept. 23, 2009 This year marks the 10th anniversary of launching of a trilateral cooperative scheme among China, South Korea and Japan, Hu said. Over the past decade, the three countries have established a future-oriented, all-dimensional cooperative partnership that has led to the promotion of development and stability in their countries and the region at large, said the Chinese president. During the meeting, Hu announced that leaders from China, South Korea and Japan will hold their second meeting in Beijing on Oct. 10, 2009. China is ready to work with South Korea and Japan to push for the success of the October tripartite summit and bring trilateral cooperation to a higher level, Hu said. As situation in Northeast Asia shows signs of thawing, Hu called on all concerned parties to seize the opportunity to further improve the regional situation and bring the Korean Peninsula nuclear issue back on the track of dialogues and negotiations. China is willing to work with South Korea to play a constructive role in realizing the denuclearization of the Korean Peninsula and maintaining peace and stability in the peninsula and Northeast Asia, the Chinese president said. During the meeting, Hu also called for strengthened cooperation between the two countries to boost the common development of their economies. Lee congratulated China on the 60th anniversary of the founding of the People's Republic of China. He said he fully agreed with President Hu's view on bilateral ties and expressed his willingness to bring the strategic and cooperative partnership between the two countries to a higher level. Lee said the stabilization and rally of the Chinese economy play a significant role in promoting trade and economic cooperation between China and South Korea, as well as in world economic recovery. Hu's speech at the UN climate change summit on Tuesday showed clearly China's active stance on climate change and won applause from countries around the world, Lee said. South Korea is ready to strengthen coordination and cooperation with China on regional and global issues, he said. He also spoke highly of China's important role in the six-party talks on nuclear issue of the Korean Peninsula and pledged South Korea's efforts to keep contact and cooperation with China in this regard. Lee said, along with the rising status and influence of Asia on the world stage, South Korea, China and Japan should have even closer cooperation. Thanks to their joint efforts, China and South Korea have seen a rapid growth of bilateral links since they established diplomatic relations 17 years ago. The heads of state of the two countries exchanged visits last year. They agreed on establishing a strategic partnership of cooperation in May 2008, opening up a new era in bilateral ties. They met again on the sidelines of the financial summit of the Group of 20 (G20) in London in April this year. China and South Korea are both important neighbors and cooperative partners. Now China is the top trade partner, export market and source of imports of South Korea. Hu is in New York for the UN climate change summit, the general debate of the 64th Session of the UN General Assembly and a Security Council summit on nuclear non-proliferation and disarmament. After the UN meetings, President Hu will fly to Pittsburgh to attend the G20 financial summit.
NEW DELHI, Aug. 7 (Xinhua) -- Sonia Gandhi, chairperson of India's ruling Congress-led United Progress Alliance (UPA), Friday expressed her wish that relations between India and China can be enhanced with common efforts by the two countries. During a meeting with visiting Chinese State Councilor Dai Bingguo, Gandhi said that there exists a very solid basis for developing friendly and cooperative relations between India and China. Dai conveyed cordial greeting and good wishes from General Secretary of the Central Committee of the Communist Party of China and Chinese President Hu Jintao, who also expressed his congratulations to the Congress party and the UPA for successfully winning a second term of government in the general elections this year. Indian Congress Party President Sonia Gandhi (R) shakes hands with Chinese State Councilor Dai Bingguo in New Delhi, capital of India, Aug. 7, 2009 Dai said that the Chinese government pays great importance to developing long-term, stable and healthy friendly cooperative relations with India. Under the current international and regional situation, China and India have huge potentials to develop their bilateral cooperation as two biggest developing countries in the world. Dai also expressed his belief that the future of such cooperation is very bright. Dai praised the UPA for helping push forward relations with China since it assumed power more than five years ago. He said that President Gandhi has personally made great efforts for the development of Sino-Indian relations as leader of the UPA and the Congress party. Dai also said China is willing to make common efforts with India to upgrade the bilateral strategic cooperative partnership to a new level. Gandhi also memorized the 1988 historic visit to China by her late husband, former Prime Minister Rajiv Gandhi, as well as her attendance of the opening ceremony of the 2008 Beijing Olympics. She expressed her wish that as the 60th anniversary of establishment of diplomatic relations between India and China is nearing, the peoples of India and China, especially the youth of the two countries, increase human exchanges to build a good social foundation for furthering friendship between the two countries. Dai and Gandhi also exchanged views on strengthening friendly ties between the Communist Party of China and the Congress party of India.
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