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SHANGHAI, July 30 (Xinhua) -- China would firmly stick to its moderately easy monetary policy and concrete the recovery momentum of the country's economy, said vice governor of China's central bank on Wednesday. Su Ning, Vice Governor of the People's Bank of China (PBOC) made the remarks in a meeting held in the bank's Shanghai-based headquarter, saying a proactive fiscal policy and moderately easy monetary policy were crucial for sustained growth. Despite an initial economy recovery resulted from the government's stimulus efforts in the first half, the country still faced severe difficulties and challenges from both domestic and abroad. In the second half, the PBOC would use a set of monetary policy mix to coordinate a "reasonable" credit structure based on market rules, and to ensure more loans to major infrastructure construction and technology innovation, Said Su. China's economy rebounded to grow 7.9 percent in the second quarter driven by a surge of fixed-asset investment backed by government's 4-trillion-yuan stimulus package on last September. Chinese banks lent a record 7.37 trillion yuan in the first half to shore up the economy, which sank to 6.1 percent in the first quarter.
XIAMEN, Sept. 9 (Xinhua) -- China remains the most attractive country for foreign capital, despite that the country's foreign direct investment declined for ten straight months, a commerce official said Wednesday. "China has been the top destination for foreign capital for 17 consecutive years," Wang Chao, assistant commerce minister, said at the World Capital Forum in Xiamen, east China's Fujian Province. A report released by the United Nations Conference on Trade and Development (UNCTAD) on July 22 showed that China stands first on the list of five most attractive destinations for foreign capital, followed by the United States, India, Brazil, and Russia. The country has received 48.3 billion U.S. dollars of foreign direct investment (FDI) from January to July this year, down 20.3 percent over the same time last year amid a global economic downturn, Wang said. Wang said the country's prospects for overseas investment remains optimistic as it would simplify examination and approval procedures toward foreign investors. It will also guide foreign investment to go to high technology industry, advanced manufacturing industry, energy saving and environment protection industries, in a bid to optimize investment structures.

PHUKET, Thailand, July 21 (Xinhua) -- China is willing to cooperate with the Philippines to push forward the relations between the two countries, said Chinese Foreign Minister Yang Jiechi in the meeting with his Philippine counterpart Alberto Romulo Tuesday. The Chinese government encourages and supports competitive enterprises to invest in the Philippines, and it also promotes cooperation in areas such as agriculture and new energy, said Yang. Chinese Foreign Minister Yang Jiechi (L) meets with his Philippine counterpart Alberto Romulo in Phuket, southern Thailand, July 21, 2009The Philippines will also work with China to push forward the relations between the two countries, said Romulo. The year 2010 marks the 35th anniversary of establishment of diplomatic relations between the two counties. Both Yang and Romulo will take part in an ASEAN Regional Forum held on Thursday. The ASEAN, or the Association of Southeast Asia Nations, groups Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam.
BEIJING, Sept. 28 (Xinhua) -- Chinese President Hu Jintao and other top leaders watched a large-scale musical epic on Monday recounting the country's road from the Opium War in 1840 to 2009, together with people from all walks of life in Beijing. The nearly three-hour musical "Road to Revival", in dedication to the 60th anniversary of the founding of the People's Republic of China (PRC), was staged at the Great Hall of the People. Chinese President Hu Jintao (5th L front) and other top leaders watch a large-scale musical epic "Road to Revival" recounting the country's road from the Opium War in 1840 to 2009, at the Great Hall of the People in Beijing Sept. 28, 2009, together with people from all walks of life in Beijing. All members of the Standing Committee of the Political Bureau of the CPC Central Committee and former President Jiang Zemin watched the performance, in dedication to the 60th anniversary of the founding of the People's Republic of China Dancers and singers recounted important episodes in modern and contemporary Chinese history. The musical highlighted the tremendous changes that have taken place since the founding of the PRC under the leadership of the Communist Party of China. All members of the Standing Committee of the Political Bureau of the CPC Central Committee and former President Jiang Zemin watched the performance.
BEIJING, Aug. 19 (Xinhua) -- Chinese top legislator Wu Bangguo met with a U.S. congress delegation led by Howard L. Berman, chairman of the House Foreign Affairs Committee, here on Wednesday. Wu, chairman of the Standing Committee of the National People's Congress (NPC), China's top legislature, spoke positively of the recent growth of the bilateral relations. Wu Bangguo (R), chairman of the Standing Committee of the National People's Congress, China's top legislature, shakes hands with U.S. House of Representatives Foreign Affairs Committee Chairman Howard Berman in Beijing, China, Aug. 19, 2009. He called on the NPC and U.S. congress to foster bilateral cooperation to a higher level with mutual trust, stressing the efforts will not only serve the fundamental interests of the two nations and two peoples, but also help maintain peace, stability and development in the world. China is ready to work with the United States, increase dialogues and exchanges, respect each other's concern and core interests to push ahead with the Sino-U.S. relations along the track of positive cooperation, Wu said. Berman said he was delighted to witness the growth momentum of bilateral ties, noting that the two nations and the two legislative bodies should work closer to intensify high level exchange. Berman also met with Chinese Vice Premier Wang Qishan earlier Wednesday. They exchanged views on the global economic downturn, and pledged to work together to help the world economy recovery at an early date.
来源:资阳报