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KUNMING, Nov. 20 (Xinhua) -- The learning and implementation of the Scientific Outlook on Development among Party members and cadres should be emphasized to boost economic development, said Chinese Vice President Xi Jinping on Thursday during his inspection tour to southwestern Yunnan Province.     Xi said local officials should exercise the Scientific Outlook on Development while facing challenges as a result of the global financial crisis. Chinese Vice President Xi Jinping (2nd R) talks with a woman at a tea garden in the Simao District of Pu'er City, southwest China's Yunnan Province, Nov. 18, 2008. Xi Jinping made an inspection in Yunnan Province on Nov. 17-20"In this way, we can change risks into opportunities," said Xi, member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee.     He urged local governments to implement the central government's policies and make sure to complete this year's economic growth goal.     Xi also asked local officials to pay attention to ecological development and environmental protection while advancing economic growth.

BEIJING, Dec. 12 (Xinhua) -- Diplomats of China and the United States on Friday met in Beijing to discuss issues concerning central and south Asia.     China's Vice Foreign Minister Li Hui and Assistant Foreign Minister Hu Zhengyue respectively held consultations with U.S. Assistant Secretary for South Asian Affairs Richard Boucher, according to a statement released by the Chinese Foreign Ministry.     The consultations went on under the framework of China-U.S. Strategic Dialogue, which was initiated in 2005.     Both sides introduced their views and policy objectives on central and south Asia and pledged to continue consultations and coordination as a way of promoting peace, stability and development in those regions.

BEIJING, Jan. 22 (Xinhua) -- China's economy cooled to its slowest pace in seven years in 2008, expanding 9 percent year-on-year as the widening global financial crisis continued to affect the world's fastest-growing economy, official data showed Thursday.     Gross domestic product (GDP) reached 30.067 trillion yuan (4.4216 trillion U.S. dollars) in 2008, Ma Jiantang, director of the National Bureau of Statistics (NBS), told a press conference.     The 9-percent rate was the lowest since 2001, when an annual rate of 8.3 percent was recorded, and it was the first time China's GDP growth fell into the single-digit range since 2003.     The year-on-year growth rate for the fourth quarter slid to 6.8 percent from 9 percent in the third quarter and 9.9 percent for the first three quarters, according to Ma. Graphics shows China's gross domestic product (GDP) in the year of 2008, released by the National Bureau of Statistics (NBS) on Jan. 22, 2009. China's GDP reached 30.067 trillion yuan (4.4216 trillion U.S. dollars) in 2008, expanding 9 percent year-on-year.    Economic growth showed "an obvious correction" last year, but the full-year performance was still better than other countries affected by the global financial crisis, said Zhang Liqun, a researcher with the Development Research Center of the State Council, or cabinet.     He attributed the fourth-quarter weakness to reduced industrial output as inventories piled up amid sharply lower foreign demand.     Exports, which accounted for about one-third of GDP, fell 2.8 percent year-on-year to 111.16 billion U.S. dollars in December. Exports declined 2.2 percent in November from a year earlier.     Industrial output rose 12.9 percent year-on-year in 2008, down 5.6 percentage points from the previous year, said Ma.     SEEKING THE BOTTOM     Government economist Wang Xiaoguang said the 6.8-percent growth rate in the fourth quarter was not a sign of a "hard landing," just a necessary "adjustment" from previous rapid expansion.     "This round of downward adjustment won't bottom out in just a year or several quarters but might last two or three years, which is a normal situation," he said.     A report Thursday from London-based Standard Chartered Bank called the 6.8-percent growth in the fourth quarter "respectable" but said the data overall presented "a batch of mixed signals."     It said: "We probably saw zero real growth in the fourth quarter compared with the third quarter, and it could have been marginally negative."     The weakening economy has already had an impact on several Chinese industrial giants. Angang Steel Co. Ltd. (Ansteel), one of the top three steel producers, said Wednesday net profit fell 55 percent last year as steel prices plunged. It cited weakening demand late in the year.     However, officials and analysts said some positive signs surfaced in December, which they said indicated China could recover before other countries.     December figures on money supply, consumption, and industrial output showed some "positive changes" but whether they represented a trend was unclear, said Ma.     Outstanding local currency loans for December expanded by 771.8 billion yuan, up 723.3 billion from a year earlier, according to official data.     Real retail sales growth in December accelerated 0.8 percentage points from November to 17.4 percent. Industrial output also accelerated in December, up 0.3 percentage points from the annual rate of November.     Wang Qing, Morgan Stanley Asia chief economist for China, said GDP growth would hit a trough in the first or second quarter. China will perform better than most economies affected by the global crisis and gradually improve this year, he said.     Zhang also predicted the economy will touch bottom and start to recover later this year, depending on the performance in January and February.     Zhang forecast GDP growth of more than 8 percent for 2009, based on the assumption that domestic demand and accelerating urbanization would help cushion China from world economic conditions.     Wang Tongsan, an economist with the Chinese Academy of Social Sciences, said whether GDP growth exceeds 8 percent this year depends on how the world economy performs and how well the government stimulus policies are implemented.     Ma characterized the "difficulties" China experienced in the fourth quarter as temporary, saying: "We should have the confidence to be the first country out of the crisis."     Overall, the economy maintained good momentum with fast growth, stable prices, optimized structures and improved living standards, said Ma.     China's performance was better than the average growth of 3.7 percent for the world economy last year, 1.4 percent for developed countries and 6.6 percent for developing and emerging economies, he said, citing estimates of the International Monetary Fund.     "With a 9-percent rate, China actually contributed more than 20 percent of global economic growth in 2008," said Ma.     He said the industrial structure became "more balanced" last year, with faster growth of investment and industrial output in the less-developed central and western regions than in the eastern areas.     Meanwhile, energy efficiency improved: energy intensity, the amount of energy it takes to produce a unit of GDP, fell 4.21 percent year-on-year in 2008, a larger decrease than the 3.66 percent recorded in 2007, said Ma.     WORRIES ABOUT CONSUMPTION     A slowing economy poses a concern for the authorities, which they have acknowledged several times in recent weeks, as rising unemployment could threaten social stability. It could also undermine consumer spending, which the government is counting on to offset weak external demand.     The government has maintained a target of 8 percent annual economic growth since 2005.     China announced a 4 trillion-yuan economic stimulus package in November aimed at boosting domestic demand.     Retail sales rose 21.6 percent in 2008, 4.8 percentage points more than in 2007, said Ma.     Ma said he believed domestic consumption would maintain rapid growth as long as personal incomes continue to increase and social security benefits improve.     Urban disposable incomes rose a real 8.4 percent last year, while those of rural Chinese went up 8 percent, he said.     Analysts have warned that consumption could be affected if low rates of inflation deteriorate into outright deflation and factory closures result in more jobless migrant workers.     The urban unemployment rate rose to 4.2 percent at the end of 2008, up 0.2 percentage point year-on-year.     Ma said about 5 percent of 130 million migrant workers had returned to their rural homes since late 2008 because their employers closed down or suspended production. Other officials have said that 6.5 percent or even 10 percent of migrant workers have gone home after losing their jobs.

Chinese Vice President Xi Jinping (R) meets with Tariq Majid, chairman of the Joint Chiefs of Staff Committee of Pakistan, at the Great Hall of the People in Beijing, China, on Dec. 16, 2008.     BEIJING, Dec. 16 (Xinhua) -- China would work with Pakistan to push forward the bilateral strategic and cooperative partnership, said Vice President Xi Jinping here on Tuesday.     Xi made the remarks in a meeting with Tariq Majid, Chairman of the Joint Chiefs of Staff Committee of Pakistan.     Hailed the relations between China and Pakistan, Xi said the two nations enjoyed profound friendship, which had stood the test of international changes.     China and Pakistan set up diplomatic ties 57 years ago. Xi said the two countries witnessed increasing mutual trust in politics and expanded cooperation in various areas. Chinese Vice President Xi Jinping (R) meets with Tariq Majid, chairman of the Joint Chiefs of Staff Committee of Pakistan, at the Great Hall of the People in Beijing, China, on Dec. 16, 2008.     China valued the traditional friendship with Pakistan, and was ready to advance relations with the south Asia country, he noted.     Echoing Xi's remarks, Majid said his country attached great importance to the relations with China, and would join in China to promote bilateral exchanges and cooperation. Chinese Defense Minister Liang Guanglie (R) meets with Tariq Majid, chairman of the Joint Chiefs of Staff Committee of Pakistan, in Beijing, China, on Dec. 16, 2008.     Later this day, Majid also met with the Chinese Defense Minister Liang Guanglie.     Liang applauded that the two countries have witnessed satisfactory achievement on military cooperation, in accordance with the sound development of bilateral relations.     China will work jointly with Pakistan to deepen exchanges and cooperation in every military aspect such as anti-terrorism, said Liang. Chinese Defense Minister Liang Guanglie (R) meets with Tariq Majid, chairman of the Joint Chiefs of Staff Committee of Pakistan, in Beijing, China, on Dec. 16, 2008.    Attaching great importance to bilateral relations, China pays much attention to maintaining the China-Pakistan friendship. China always handles and develops relations with Pakistan with strategic and long-term perspectives, Liang added.     Majid agreed to advance the relationship with China under today's global situation.     Majid was here for the Sixth Sino-Pakistani Defense and Security Talks.

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