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BEIJING, June 16 (Xinhua) -- China's political advisors were urged to brainstorm on economic development and offer suggestions as the nation copes with the impact of the global downturn. Jia Qinglin, chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), a political advisory body, made the call as the standing committee of the 11thCPPCC National Committee kicked off its sixth meeting Tuesday. Jia said maintaining steady, relatively fast economic development and safeguarding social stability and harmony were the foremost tasks facing the government. He called on the participants to focus their four-day discussions on these themes and make valuable suggestions. The sixth meeting of the Standing Committee of the 11th National Committee of the Chinese People's Political Consultative Conference (CPPCC) opens in Beijing, capital of China, on March 16, 2009. Vice Premier Li Keqiang briefed the meeting on the economic situation and China's economic and social development. He said with the central authority's decisive coping policies and the concerted efforts nationwide, China's economy was turning for the better. He nevertheless warned of a "complicated and zigzag" recovery process and difficulties ahead, citing the unpredictable world economy. Li also called for full implementation of the central authority's deployment in the next step of the economic work, and laid out directions including boosting domestic demand, accelerating industrial restructuring, developing new energy sources, furthering reform and opening up and raising living standards.
BEIJING, June 2 (Xinhua) -- Representatives from the Communist Party of China (CPC) and the ruling United Russia Party met Tuesday to exchange views on the international financial crisis. "This is the first official and high-level dialogue between the Chinese and Russian ruling parties," said Wang Jiarui, head of the International Department of the CPC Central Committee of his meeting with United Russia Party's council presidium secretary Vyacheslav Volodin. Wang and Volodin signed an agreement on party-to-party cooperation on later Tuesday. Chinese Vice President Xi Jinping attended the signing ceremony. Xi hailed the Sino-Russian relationship when meeting with Volodin before the ceremony, saying that China would work with Russia to promote stable and healthy growth of the ties, in a bid to benefit the two nations and peoples. Chinese Vice President Xi Jinping (R) meets with Vyacheslav Volodin, vice chairman of the Russian State Duma, in Beijing, capital of China, June 2, 2009 Volodin, and vice-chairman of the Russian State Duma, said his party valued the cooperation with the CPC. Volodin and his delegation were here on a visit from May 31 to June 3 at the invitation of the International Department of the CPC Central Committee.
SHANGHAI, June 6 (Xinhua) -- Commercial Aircraft Corporation of China Ltd. (COMAC) unveiled its manufacturing and assembling center here Saturday, the latest step towards the goal to manufacture China's homegrown large aircraft. The Final Assembly Center of the COMAC was based on the Shanghai Aircraft Manufacturing Co., with a registered capital of two billion yuan (292.7 million U.S. dollars), said COMAC's general manager Jin Zhuanglong. People attend the inauguration ceremony of the Final Assembly Center of the Commercial Aircraft Corporation of China, Ltd (COMAC) in Shanghai, east China, June 6, 2009. It was one of the COMAC's three key entities which were responsible for aircraft design, manufacturing and service. Jin said the Final Assembly Center's new base in Shanghai's Pudong area will be constructed within this year. By 2010, the center will be able to produce 30 ARJ21-700 model planes a year, and the capacity will be expanded to 50 jets by 2012, Jin said. People attend the inauguration ceremony of the Final Assembly Center of the Commercial Aircraft Corporation of China, Ltd (COMAC) in Shanghai, east China, June 6, 2009. The ARJ21, an acronym for "Advanced Regional Jet for the 21st Century," is the first regional jet that China has fully developed independently, in accordance with the standards set by General Administration of Civil Aviation of China (GACAC), Federal Aviation Administration (FAA) and Joint Aviation Authorities (JAA). The Shanghai-headquartered COMAC has launched its design and research center, based on the Shanghai Aircraft Design and Research Institute, and a customer service center. The latter provides aircraft maintenance and repair, pilot training, aviation equipment and materials leasing and consulting for aviation technologies for both large planes and regional aircraft. An ARJ21 (Advanced Regional Jet for the 21st Century) plane is assembled at Shanghai Aircraft Manufacturing Co., Ltd in Shanghai, east China, June 6, 2009
BEIJING, May 11 (Xinhua) -- China released a detailed three-year plan to stimulate its nonferrous metal industry focused on industrial restructuring and technology innovation, the State Council, or the country's Cabinet, said here on Monday. The nonferrous metal sector should keep a steady operation in 2009, and achieve a sustainable development by 2011, according to the plan. The country would encourage regrouping among nonferrous metal companies to sharpen the competitive edge of the whole industry, the plan said. Three-to-five nonferrous metal corporation would be formed out of industrial reconstructing by 2011 with advanced production capacity and technology innovation capability. Combined copper output of top 10 domestic producers should take up 90 percent of the country's total by 2011, aluminum output 70 percent, lead 60 percent, and zinc 60 percent, according to the State Council. The government would also encourage the exploitation of nonferrous metals both at home and abroad, supporting companies to invest in mines overseas -- either on their own or with foreign parties. The country would help with capital injection and foreign reserve application concerning overseas projects. The export rebate policy would be a "proper" and "flexible" one to encourage nonferrous products with high technology and high added values, according to the plan. The State Council also laid out guidelines to eliminate obsolete capacity and digest over capacity. No new project to develop electrolytic aluminum will be allowed in the next three years, the plan said. The country would put strict control on the production of copper, lead, zinc, titanium and magnesium. At the same time, China aims to save 1.7 million tonnes of coal and 6 billion KWh of electricity per year, as well as reduce sulfur dioxide by 850,000 tonnes annually as part of industrial upgrading for the nonferrous metallurgy sector. China was the largest producer and consumer of nonferrous metals with total output of ten major nonferrous metals reaching 25.2 million tonnes and total consumption at 25.17 million tonnes in 2008. The country's nonferrous metal industry received a severe blow from the global economic downturn after keeping high-speed growth for nearly a decade. Statistics released by the China Nonferrous Metals Industry Association showed aggregate profit of China's nonferrous metal producers fell 45 percent last year to 80 billion yuan (11.73 billion U.S. dollars). Along with the support plan for the nonferrous metal sector, the State Council has unveiled stimulus packages for 10 industries since January, such as machinery-manufacturing, electronics and information industries, the light industry and petrochemical sectors.
ANSHAN, Liaoning, June 16 (Xinhua) -- An official with the Ministry of Industry and Information Technology (MIIT) said Tuesday that the proposed alliance of Rio Tinto and BHP Billiton had a "strong monopolistic color" and Chinese firms would watch it closely and find ways to cope with it. Last year, China imported 440 million tonnes of iron ore, half of the world's total, so any slight market changes would affect Chinese steel makers. China's anti-monopoly law should apply in the proposed deal, said Chen Yanhai, head of the raw material department of MIIT at an industry meeting held in the northeastern city of Anshan, Liaoning Province. If the tie-up proved to be monopolistic, "we have to seek new policies and regulations to allow Chinese companies have a bigger say in iron ore pricing," said Chen without elaborating. Rio Tinto scrapped a proposed 19.5-billion-U.S.-dollar investment by Aluminum Corp. of China, or Chinalco, on June 5, and turned to rival BHP Billiton, which would pay Rio Tinto 5.8 billion U.S. dollars to set up a joint venture to run the iron ore resources of both companies in west Australia. On Monday, spokesman of the Ministry of Commerce Yao Jian said if the revenue of the joint venture reached "a certain amount," China's anti-monopoly law would apply. That law requires a company to get government approval before consolidation if its global revenue exceeds 10 billion yuan (1.47 billion U.S. dollars) and its revenue in China exceeds 2 billion yuan. An anti-monopoly review is also necessary if two or more parties in the company had more than 400 million yuan of revenue in China in the previous fiscal year. In the year ended 30 June, BHP Billiton's revenue in China was 11.7 billion U.S. dollars, while that for Rio Tinto was 10.8 billion U.S. dollars, according to the companies' websites. It was unclear what actions China would take if the case was determined to be covered by the Chinese anti-monopoly law. At the meeting Tuesday, Chen also said domestic steel makers should beef up technology and innovation to cut energy consumption and raise efficiency. Also, he said, China "should increase exploration of domestic mines to reduce reliance on imports."