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BEIJING, May 1 (Xinhua) -- On the occasion of the International Labor Day on Friday, Chinese Premier Wen Jiabao visited workers at a metro construction site in Beijing, extending festival greetings and encouraging them to "strengthen confidence to overcome difficulties brought about by the financial crisis and the influenza epidemic." Wen told the workers that this year is a very difficult one for China as the country is hit hard by a global financial crisis. Chinese Premier Wen Jiabao (2nd L) talks with workers as he visits a construction site of Beijing subway in Beijing, capital of China, May 1, 2009. Wen expressed his best regards to the workers here.He added the recent outbreak of H1N1 influenza epidemic (swine flu) in some countries has affected China's economic and social development. The premier said any difficulty can be overcome as long as people have firm confidence and there is strong leadership of the Chinese Communist Party and the government. Chinese Premier Wen Jiabao (2nd R) trims vegetables with a canteen worker as he visits a construction site of Beijing subway in Beijing, capital of China, May 1, 2009. Wen expressed his best regards to the workers hereArriving at the construction site of the metro route No.9 along the capital's southern fourth-ring road, Wen wished workers festival happiness and encouraged them to "care and help each other like brothers." Part of the north-south metro line is due to open within this year. "How long have you been in Beijing?" Wen asked one of the migrant workers. "Ten years," the worker replied. "Then you've already a Beijinger," Wen said. While visiting the construction site, Wen asked detailed questions about the metro construction progress. "Have your family come to Beijing for the festival?" the premier asked a worker Hui Youquan who was busy setting up a reinforcing steel and spar frame on top of the metro station. Hui said his family is still at hometown. Wen told the workers Beijing citizens would be grateful to them for the comfortable subway. He also worked with workers on the spar frame. He said migrant workers have made great contribution to the country's industrialization and urbanization. "You have already become a main force of China's working class," Wen said, extending his "gratitude and respect." The premier said the Party and government have adopted a series of measures to improve migrant workers' working and living conditions, including strengthening their training, establishing a comprehensive social security system and paying great attention to their work safety. A comprehensive mechanism covering work injury, medical care and pension are being established, he said, adding that safety monitoring devices have been installed on construction sites. While helping some female workers to trim vegetables, Wen inquired about their working and living conditions. Entering a canteen, he asked chefs to pay attention to food hygiene and ensure workers to have tasty meals. Wen felt satisfied when he learned that workers could watch television, read newspapers and magazines and even practise handwriting in their spare time
URUMQI, July 14 (Xinhua) -- Abdul'ahat Abdulrixit, vice chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), said Tuesday that ethnic unity was the "basic benefit" for all the people in Xinjiang. "Ethnic unity is the basic benefit for the 21 million people of various ethnic groups in Xinjiang... and these people have a long tradition of loving and supporting each other," Abdul'ahat Abdulrixit told Xinhua in an interview in Urumqi Tuesday. Abdul'ahat Abdulrixit, an ethnic Uygur, was born in 1942 in northwest China's Xinjiang Uygur Autonomous Region. He joined the Communist Party of China (CPC) in 1960 and was elected CPPCC National Committee vice chairman in 2008. Abdul'ahat Abdulrixit (L), vice chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), receives an exclusive interview with Xinhua News Agency in Urumqi, northwest China's Xinjiang Uygur Autonomous Region, on July 14, 2009. "Ethnic unity is the basic benefit for the 21 million people of various ethnic groups in Xinjiang... and these people have a long tradition of loving and supporting each other," Abdul'ahat Abdulrixit told Xinhua here on Tuesday "No matter whether in war or peace, people of Han and minority groups always had a strong emotional tie and they could not be separated from each other," he said. Abdul'ahat Abdulrixit cited many heroic stories during the July5 riot in which people from Han and other ethnic groups risked their lives to save people from the violence. According to media reports, an 81-year-old Uygur old man risked his life to save 18 people, and a Han boy named Li Huan saved more than 10 people and even captured a rioter. "The loving relationship among us has gone through all kinds of weather and will never be destroyed by these ethnic separatists," Abdul'ahat Abdulrixit said. He condemned the riot as an "extremely outrageous" crime organized by people who intentionally wanted to arouse ethnic conflicts and disturb social stability. The unrest which occurred on July 5 in Urumqi, capital of Xinjiang, resulted in at least 184 deaths and left 1,680 injured. Abdul'ahat Abdulrixit said that since the founding of the New China, health care, education, science and technology in Xinjiang had developed rapidly.

ROME, July 5 (Xinhua) -- Chinese President Hu Jintao arrived here Sunday for a state visit, and he will attend the outreach session of the Group of Eight (G8) summit scheduled for Thursday in the central Italian city of L'aquila. In a statement released upon his arrival at the Fiumicino Airport in Rome, Hu said he is very glad to come to this beautiful country for a state visit at the invitation of Italian President Giorgio Napolitano. Chinese President Hu Jintao (C) is welcomed by an Italian official upon his arrival at Rome, Italy, July 5, 2009. Hu started a state visit to Italy on Sunday. Hu will also attend the outreach session of the Group of Eight (G8) summit scheduled for July 9th in the central Italian city of L'Aquila."I believe that under joint effort of both sides, this visit will be a total success and help advance the all-round strategic partnership between China and Italy to a new stage," Hu said in the statement. Noting both China and Italy are countries with a long history of civilization, Hu said the two peoples enjoy a long-standing friendship. "China places great importance on expanding relations with Italy," Hu said, adding China is ready to join effort with Italy to bring in an even brighter future of bilateral relations. Chinese President Hu Jintao is greeted by a girl upon his arrival at Rome, Italy, July 5, 2009. Hu started a state visit to Italy on Sunday. Hu will also attend the outreach session of the Group of Eight (G8) summit scheduled for July 9th in the central Italian city of L'Aquila.In Rome, President Hu will meet President Napolitano, Prime Minister Silvio Berlusconi and other Italian leaders to discuss the development of bilateral cooperation. In recent years, the all-round strategic partnership between China and Italy has witnessed continuous development as political mutual trust has become deeper and deeper, and cooperation and exchanges in various fields have expanded rapidly. Chinese President Hu Jintao (L, front) waves upon his arrival at Rome, Italy, July 5, 2009. Hu started a state visit to Italy on Sunday. Hu will also attend the outreach session of the Group of Eight (G8) summit scheduled for July 9th in the central Italian city of L'AquilaThe two countries have maintained close coordination on world affairs and expanded people-to-people exchanges and cultural cooperation. China is now Italy's important trading partner with the two-way trade totaling 38.2 billion U.S. dollars in 2008 despite the slowdown of the global economy. The two countries have also expanded cooperation in the sectors of economy, culture, science and environmental protection in recent years. In L'aquila, the Chinese president will attend the outreach session of the G8 summit and other meetings. According to Italy, the host of the 35th G8 summit, leaders from the G8 and major developing countries will hold talks from Wednesday to Friday on the world economy, the financial crisis, climate change, food security, trade and development. President Hu will attend a group meeting Wednesday with leaders from India, Brazil, South Africa and Mexico. They are expected to exchange views on the issues of common concern. At the outreach session of the G8 summit Thursday, leaders of the G8 nations, China, India, Brazil, South Africa and Mexico, and Egypt, a special guest of the Italian president, will discuss a number of pressing issues, such as the world economy, the financial crisis, and international trade. This is the sixth time that the Chinese president has attended the G8 outreach session. The previous one took place in the northern Japanese resort of Toyako last July. The G8, an informal forum of leading industrialized nations, groups Germany, France, Britain, Italy, Japan, the United States, Canada and Russia. President Hu will also attend the Major Economies Forum (MEF) on energy security and climate change Thursday. Italian Prime Minister Berlusconi described the forum in L'aquila as a "crucial step in the preparatory work paving the way for the UN conference in Copenhagen this December." On Friday, President Hu will join discussions with leaders of the G8, Brazil, India, South Africa, Mexico and a group of African nations on aid, food security and progress toward the Millennium Development Goals. China expects the outreach session will give "a strong signal for further cooperation on tackling the financial crisis on the basis of the G20 summits," said Chinese Vice Foreign Minister He Yafei at a press briefing last week. "We expect the meeting will help to raise concern on the impact of the global downturn on development issues and food security, especially in African countries," He said. On the sidelines of the G8 outreach session, President Hu is expected to meet some leaders participating in the event, including U.S. President Barack Obama, to discuss bilateral ties and the international issues of common concern. Hu and Obama met for the first time on April 1 to discuss bilateral ties, the ongoing global financial storm and other major issues of common concern when they were attending a Group of 20 summit on the financial crisis in London. The G8 has strengthened links and dialogue with developing countries in recent years. Such a trend has helped advance the South-North dialogue and cooperation, push forward the development of multilateralism, and promote the resolution of global issues. Italian Prime Minister Berlusconi decided to move the venue of G8 summit from the island of Sardinia to L'aquila, where an earthquake on April 6 killed 295 people and left over 60,000 people homeless. The Italian government hopes the shift of the summit venue could attract more attention to the plight of the victims in L'aquila and help the devastated city's reconstruction. Since the end of last year, President Hu has attended a series of major international conferences on the financial crisis and other major issues. He participated in the annual summit of the Shanghai Cooperation Organization (SCO) and the first meeting of BRIC (Brazil, Russia, India and China) leaders in Russia's Ural city of Yekaterinburg in June. He was present at the G20 financial summit in London in the beginning of April. The Chinese president and other leaders from the G20 members also gathered in Washington for a summit on the financial crisis on Nov. 15 last year. Days later, Hu flew after a Cuba visit to Peru to attend the Economic Leaders' Meeting of the Asia-Pacific Cooperation Organization (APEC) on regional economic issues and the financial crisis. Other Chinese leaders including Premier Wen Jiabao have also participated in several international conferences to seek joint actions with other countries to deal with the crisis. Premier Wen stressed confidence, cooperation and responsibility as a key to overcoming the financial storm at the World Economic Forum's annual meeting in the Swiss skiing resort of Davos in January.
MOSCOW, April 27 (Xinhua) -- Russian President Dmitry Medvedev said here Monday that he was satisfied and pleased with the smooth development of strategic partnership of cooperation with China. Medvedev said during his meeting with visiting Chinese Foreign Minister Yang Jiechi that he was looking forward to the upcoming state visit of his Chinese counterpart Hu Jintao, whom he has held a "successful" meeting with on the sidelines of the G20 London Summit. Russian President Dmitry Medvedev (L) meets with visiting Chinese Foreign Minister Yang Jiechi in Moscow on April 27, 2009.Based on this year's 60th anniversary of the establishment of diplomatic relations between China and Russia, Medvedev said the two countries shall review outcomes and look ahead for future development of bilateral relations. Against the backdrop of the ongoing global financial crisis, Russia, together with China, will increase top-level visits, expand cooperation in all aspects such as economy, trades and humanities, and closely collaborate on combating the financial crisis, as well as on international and regional issues, said Medvedev. Russian President Dmitry Medvedev (1st L) meets with visiting Chinese Foreign Minister Yang Jiechi (1st R) in Moscow on April 27, 2009The upcoming state visit of President Hu to Russia is of vital importance to further advancement of China-Russian strategic partnership of cooperation under new circumstances, said Yang. Currently an all-round, rapid development of the strategic partnership between the two countries is underway, he said. China will make great efforts along with Russia, to fulfill in all aspects the major consensus reached between the two leaders during the London summit, further enhance strategic cooperation, deepen practical cooperation in all fields, and continuously promote the China-Russian strategic partnership of cooperation. Yang, arriving at Moscow on Sunday, also met with Russian Federation Council Speaker Sergei Mironov on Monday.
BEIJING, May 6 (Xinhua) -- China's central bank said Wednesday the economy is doing "better than expected" in the first quarter, and pledged to maintain "ample" liquidity in the financial system for economic recovery. China would stick to its moderately easy monetary policy and ensure "ample" liquidity at banks, the People's Bank of China (PBoC) said in its quarterly monetary policy report posted on its website. The country has pumped 4.58 trillion yuan (670 billion U.S. dollars) of new loans into the economy in the first quarter to stimulate growth. The figure is already nearing 5 trillion yuan of new loans targeted for the whole year. In March alone, new loans increased by a record 1.89 trillion yuan. The country's financial institutions and enterprises would digest the huge amount of new loans in the following months, the report said. Industry insiders have said credit extended by China's banks in April may have dropped to above 600 billion yuan after staying at above 1 trillion yuan for three straight months. The central bank said new lending from commercial banks focused on government-backed projects. It encourages more bank loans to be channeled to small and medium-sized enterprises as they play an important role in the national economy and in increasing employment. The central bank said in the first-quarter monetary policy report it would continue to instruct financial institutions to extend new loans, despite the earlier surge. The pick-up in bank lending is conducive to stabilize the financial market and boosting market confidence, PBoC said. Meanwhile, the bank urged lenders to improve credit quality to avoid a possible rebound in bad loans. There have been "positive changes" in the economy in the first quarter, the bank said, echoing remarks made by Premier Wen Jiabao last month. The quarter-on-quarter growth is improving, compared to the fourth quarter of last year, it said, without giving specific figures. China's economy expanded 6.1 percent in the first quarter, the lowest pace in 10 years and down from 9 percent in the fourth quarter last year. The central bank also said foundations for the recovery are not solid, as uncertainties in external economies still exist and private investment is yet to become active with new lending concentrated on government projects. In listing uncertainties ahead, the bank said the country still has to battle against the financial crisis that is unfolding and a collapse in external demand that is hurting exports. The country is also under great pressure to create enough jobs and from a slower growth in residents' income, which would suppress future consumption, it said. The bank also warned overcapacity and insufficient demand may drive prices lower in the country with the world economy in a downturn. But it also said continued falls in prices may become less likely along with the world recovery, a turnaround in the national economy and fast credit growth. "Prices of primary products and assets may rebound quickly once investor confidence is restored, as the global credit is relatively loose thanks to injection of liquidity and stimulus packages across the world," the bank said. The central bank also said it was concerned that the extraordinary monetary policy adopted by other major economies would result in inflation risks. It referred to the quantitative easing policy adopted by the U.S., Japan, Britain and Switzerland to pump cash into their economies. The quantitative easing policy meant increasing currency supply through purchasing mid- and long-term treasury bonds after central banks cut interests rates to near zero. The extraordinary monetary policy harbored huge risks for international financial markets and the global economy, said the central bank. It would increase the risk of global inflation, said the central bank, suggesting it would create new assets bubbles and inflation if central banks of major economies failed to mop up thehuge liquidity when the global economy recovered. "A policy mistake made by some major central banks would put the whole world in risk of inflation," it said. The quantitative easing policy would also make exchange rates of major currencies more volatile, according to the report. The central bank cited the U.S. move to purchase treasury bond in March as an example, saying although the dollar had appreciated against other major currencies, it fell after the purchase. PBoC said the policy would leave the bond markets subject to fluctuations. It said massive purchase of mid- and long-term treasury bonds may keep yield at a low level. But in the long run, as the financial markets returned to stability and the economy recovered, inflation expectations would grow, interest rates would rise, and bond prices would adjust sharply, according to the report.
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