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Wu Bangguo (R), chairman of the Standing Committee of China's National People's Congress, visits a pasture during his investigation of local stockbreeding and eco-agriculture at Mengzhai Village of Qinglong County, southwest China's Guizhou Province, May 7, 2008. Wu made an inspection tour in Guizhou on May 6-9. GUIYANG, May 9 (Xinhua) -- China's top legislator Wu Bangguo made a visit to southwest China's Guizhou Province, during which he praised the snow-hit province's reconstruction progress, talked to farmers in the fields and gave directions on local development. During his visit from May 6 to 9, Wu, Chairman of the Standing Committee of the National People's Congress (NPC), China's top legislature, urged both the government leaders in Guizhou and local people to work hard and promote sound and rapid economic and social development. Wu went to field ridges, vegetable greenhouses, coal mines and power plants, spent his time chatting with farmers and workers. Wu expressed his concerns over the disaster-hit areas, and asked relevant departments to see to the living conditions of those affected by the winter snow and harvest of the crops. He said transportation is one of the major issues that stagnate the development of the province and priority should be given to the development of transportation network. During his trip to Mengzhai village, 200 kilometers away from provincial capital Guiyang, Wu inspected local environmental-friendly projects. Wu said efforts should be made to increase farmers' income. He also stressed the importance of training more talents and bringing in more enterprises to enhance the vitality of local economy. To promote education and environmental-friendly projects is conducive to long-term sustainable development for Guizhou, said Wu.
BEIJING, May 11 -- China's monetary authorities are struggling to address conflicting policy goals, but inflation will remain the top policy concern, the country's central bank governor said on Saturday. While the United States and other countries are more focused on fending off a recession, China's monetary policy must target inflation over growth and employment, Zhou Xiaochuan, the People's Bank of China governor, told a forum in Lujiazui, Shanghai's financial center. "There is no cure-all medicine, and we have to make the final decisions -- everyone hopes there would be a cure-all solution, but there is not," said Zhou. China's consumer price inflation would likely to rise to 8.5 percent in April from 8.3 percent in March, two sources familiar with the data said late on Thursday. The data, which is subject to last-minute revisions, will be officially released on Monday. Zhou Xiaochuan, governor of the People's Bank of China, addresses the Lujiazui Forum 2008 in Shanghai, east China, May 10, 2008. Heads of the People's Bank of China, the country's central bank, the Securities Regulatory Commission, the Banking Regulatory Commission and the Insurance Regulatory Commission all attended the two-day financial forum, opened on May 9. Lujiazui is the name of Shanghai's financial district. Meanwhile, the government said on Friday that China's producer price index, or factory-gate inflation, hit a three-year high of 8.1 percent in April, showing a sustained build-up in pressures on consumer price inflation. Zhou listed development of financial institutions and the imbalance in global money transfers as other issues that China's monetary policy may have to target. He said China needs to reduce the savings ratio as the fundamental way to address its over-reliance on trade, which now accounts for more than 60 percent of its annual GDP, but he did not elaborate on possible specific measures. On other issues, Zhou said Beijing has yet to reach a consensus over how to develop a properly functioning domestic bond market. Disputes remain about market infrastructure, the regulatory framework as well as laws and regulations, Zhou said.

BEIJING, April 27 (Xinhua) -- Chinese Vice Premier Li Keqiang on Sunday urged Hainan Province, China's largest special economic zone (SEZ), to further carry out reform and opening up as it embraces its 20th anniversary. The province should "beef up reforms and make efforts to achieve breakthroughs in key fields", said Li during his inspection tour to the island province from Thursday to Sunday. He suggested that the province should build itself into a shipping hub and center of logistics and export-oriented processing facing southeast Asia. Chinese Vice Premier Li Keqiang checks the drinking well in the local village during his inspection tour to Hainan Province on April 27. Local authorities were also told to "adjust and optimize the industrial structure from a high starting point" and place priority on protecting the environment and ecology. Meanwhile, the results of reforms and opening up should be enjoyed by the masses, said Li, who called for more attention to solving problems concerning ordinary people's livelihood such as medical care and housing. Li visited factories, ports, hospitals, schools and rural families in Hainan, which celebrated its 20th anniversary on Saturday. Chinese Vice Premier Li Keqiang talks with a worker in the workshop during his inspection tour to Hainan Province on April 25 With an area of 34,000 square kilometers, the tropical and sub-tropical island was established in 1988 as a province and approved as a special economic zone enjoying preferential development policies. It saw its gross domestic product expand 7.6-fold in real terms in the past two decades while pioneering in experimenting with the market economy and in other fields of foreign investment use, agricultural tax and education. China's other four SEZs are Shenzhen, Zhuhai, Shantou and Xiamen, all southern cities.
BEIJING, Sept. 24 (Xinhua) -- China and Venezuela on Wednesday inked a series of agreements on wide-ranging fields, a sign of bilateral efforts to advance their strategic partnership to a new high. The agreements came out of the summit talks in the Great Hall of the People as Beijing rolled out the red carpet for Venezuelan President Hugo Chavez. The 12 new cooperative deals covered trade, oil, finance, education, justice, telecommunications, infrastructure, sports and cultural relics. Chinese President Hu Jintao(R) meets with visiting Venezuelan President Hugo Chavez at the Great Hall of the People in Beijing, capital of China, on Sept. 24, 2008. Chinese President Hu Jintao gave an honor guard reception to Chavez, who was on his fifth visit to China since taking office as Venezuelan president. In their hour-long talks, Hu first thanked the Venezuelan government and people for providing relief to China following an 8.0-magnitude earthquake that devastated the southwestern China on May 12. In response, Chavez said the Venezuelan people were sympathetic with the victims in the quake. He wished the Chinese government and people a speedy recovery from the disaster. On the Beijing Olympics and Paralympics, Hu said China appreciated Venezuela's generous support while Chavez said the successes of hosting the two games would go down in history. Stressing both China and Venezuela stayed at an important stage, Hu said the two countries shared the goal of stepping up substantive cooperation and seeking common prosperity. To advance the bilateral strategic partnership, Hu proposed the two countries keep the high-level visits, enhance dialogues between the governments, legislatures and ruling parties, and exchange views on issues of common concern. On the economic front, Hu said China would like to deepen "all-phase and integrated" oil cooperation with Venezuela, encourage businesses to invest in Venezuela and establish a trade zone. China will also participate in building Venezuela's infrastructures, including railway system, telecommunications network, social housing and hydro-power. Hu also called on the two countries to work more closely in education, culture, science and technology, justice, sports, journalism and poverty eradication. Sharing Hu's view on bilateral ties, Chavez said bilateral trade had progressed smoothly, citing remarkable progress in oil, agriculture, science and infrastructure. Chave said Venezuela would like to work closely with China on stronger political ties, increased dialogues and more substantive cooperation in energy, finance, agriculture and machinery. On international issues, Hu and Chavez agreed to step up communication and consultation in multi-lateral organizations and on global issues, so as to safeguard the reasonable rights of developing countries. Earlier Wednesday, top Chinese legislator Wu Banguo also met with Chavez. Wu said China's National People's Congress, the country's top legislature, would like to maintain its friendly exchanges and cooperation with the Venezuelan legislature, boosting the overall bilateral ties. Chavez will conclude his three-day state visit to China on Thursday.
Jia Qinglin (R), chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), arrives in Ljubljana, Slovenia, May 10, 2008. Slovenia is the third leg of Jia's current four-nation Europe tour. (Xinhua/Rao Aimin) LJUBLJANA, May 10 -- China's top political advisor Jia Qinglin arrived in Ljubljana Saturday for an official goodwill visit to Slovenia. During his visit to Slovenia, Jia, chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), will meet with Slovenian President Danilo Turk, Prime Minister Janez Jansa and representatives from all walks of life in Slovenian society. Slovenia is the third leg of Jia's current four-nation Europe tour, which has already taken him to Romania and Hungary, and which will also take him to Croatia. In a written speech delivered at the airport, Jia said that the people of China and Slovenia cherish good feelings to each other though the two countries are far apart. Since the two countries established diplomatic relations in 1992, they have maintained regular exchange of visits by high-level officials and achieved rich results in cooperation in such fields as trade, economy and culture. Jia expressed the belief that his visit to Slovenia will contribute to further enhancing understanding and friendship between the two peoples and push forward mutually beneficial cooperation between the two countries in all fields.Jia Qinglin (2nd R), chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), arrives in Ljubljana, Slovenia, May 10, 2008. Slovenia is the third leg of Jia's current four-nation Europe tour.
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