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WASHINGTON, Oct. 13 (Xinhua) -- A senior Chinese official said on Monday that China will continue to cooperate with other countries to cope with the current financial crisis. "For the international community, the most urgent task is to join efforts to stem further deterioration and spread of the crisis -- the major threat to global growth -- and restore global economic and financial stability," said Yi Gang, vice governor of the People's Bank of China "China will continue to strengthen its cooperation with concerned countries and hopes that all governments will work together to overcome the current difficulties and restore international financial stability," he said in a statement at the annual meeting of the International Monetary Fund and World Bank. He urged the two Bretton Woods Institutions to "fulfill their mandates to maintain global monetary and financial stability and facilitate sustainable, balanced growth." The fund should give the surveillance priority to the ongoing financial turmoil, deepen its analysis, learn lessons, and listen to the opinions of member countries, said the senior official of China's central bank. "From the medium- and long-term perspective, the fund must address the inherent deficiencies of the current international monetary system and foster an international financial architecture adaptive to the evolving global economy and financial markets," he noted. As the largest multilateral development institution, the World Bank should re-assess the challenges confronting the developing countries -- soaring food and fuel prices, higher financing costs, deteriorating balance of payments positions, and mounting inflationary pressures, said Yi Gang. "With the advantages of its financing capacity and expertise, the World Bank should urge the developed countries to shoulder their due responsibilities in stabilizing the global economy through targeted measures, carried out in an even-handed and professional fashion," he said. Yi Gang also stressed the fundamentals of the Chinese economy are "solid and resilient." "We are confident we can weather the financial turmoil," he said. "With the global economic slowdown, it is important that China maintains its stable and relatively rapid growth."
BEIJING, May 19 (Xinhua) -- China on Monday began a three-day national mourning for the tens of thousands of people killed in a powerful earthquake which struck the country's southwest on May 12. At 4:58 a.m., the national flag at the Tian'anmen Square in downtown Beijing flew at half-mast after a complete flag-raising ceremony. About 2,600 people watched the flag-raising ceremony in the square. "I have been watching TV to know the disaster situation these days," said Yu Huilin, a 58-year-old retired teacher. Yu just arrived in Beijing by bus in the early hours on Monday from eastern Shandong Province. "It's really heartrending," she said. "But I see the quake-affected people have got help from so many people. I believe they can recover from the disaster soon rebuild their homes." China's national flag flies at half-mast after the flag-raising ceremony on Tian'anmen Square in Beijing Monday morning, May 19, 2008. China on Monday begins a three-day national mourning for the tens of thousands of people killed in a powerful earthquake which struck the country's southwest on May 12 All national flags will fly at half-mast at home and Chinese diplomatic missions abroad from Monday to Wednesday. Public recreational activities will be halted during the mourning period. At 2:28 p.m. Monday, Chinese citizens nationwide will stand in silence for three minutes to mourn for the victims, while air raid sirens and horns of automobiles, trains and ships will wail in grief. In the mourning period, condolence books will be opened in China's Foreign Ministry and Chinese embassies and consulates around the world. The Beijing Olympic torch relay will also be suspended from Monday to Wednesday. The death toll from the massive quake rose to 32,476 nationwide as of 2 p.m. Sunday, while the injured numbered 220,109, according to the emergency response office under the State Council. Among the dead, 31,978 were in Sichuan alone with the rest in six other provinces and a municipality. The quake hit Wenchuan County, Sichuan Province, at 2:28 p.m. of May 12. Many other areas were also affected. The search, rescue and disaster relief efforts are continuing. Some 113,080 Chinese soldiers and armed police have been mobilized to help with rescue operations. Rescue teams from Russia, the Republic of Korea, Japan and Singapore, as well as Taiwan and Hong Kong regions, have also joined in relief efforts. Rescuers carry Shen Peiyun, who is saved 145.5 hours after Monday's earthquake, to a hospital at Yingxiu Township of Wenchuan County, the epicenter of Monday's earthquake in southwest China's Sichuan Province, on May 18, 2008. Fifty-three years old Shen Peiyun was saved on Sunday after the rescuers' eight-hour efforts.

UNITED NATIONS, Sept. 25 (Xinhua) -- Chinese Premier Wen Jiabao Thursday urged the international community, especially developed nations, to speed up intensive efforts to realize the Millennium Development Goals (MDGs). CHINA'S CONTRIBUTION Wen made the calls in his address to the UN high-level event on the MDGs. He told the meeting China has honored its commitments to the MDGs by dramatically reducing the number of Chinese living in poverty and by providing assistance to least developed countries. China, the most populous country in the world, has accelerated development mainly through its own efforts and through reform and opening-up since 1978, and has "brought down the number of people in absolute poverty from 250 million to 15 million in less than 30 years," he said. The nation's free compulsory education, medical care for 800 million farmers, and governance at various levels have all witnessed substantial progress, the Chinese premier said. Chinese Premier Wen Jiabao delivers a speech at the United Nations high-level meeting on the Millennium Development Goals (MDGs) in New York, the United States, Sept. 25, 2008 The vision set out in the UN Millennium Declaration is being gradually turned into reality in China, he added. "Statistics released by the World Bank last year showed that over the past 25 years, China accounted for 67 percent of the achievements in global poverty reduction," Wen said. Though not rich, China has honored its commitments to the Millennium Declaration and done what it can to help some least developed countries, he noted. By the end of June 2008, China had written off 24.7 billion RMB(3.63 billion U.S. dollars) in debts owed by 49 heavily indebted poor countries and least developed countries in Asia and Africa. It has also provided 206.5 billion RMB (30.37 billion dollars) in various forms of assistance to such countries, of which 90.8 billion RMB (13.35 billion dollars) is free aid, Wen said. China also provided zero-tariff treatment to the goods of 42 least developed countries. It has also trained 15,000 African medical professionals, sent medical teams and provided free medicines to Africa, he added. Chinese Premier Wen Jiabao (front) applauds as he delivers a speech at the United Nations high-level meeting on the Millennium Development Goals (MDGs) in New York, the United States, Sept. 25, 2008JOINT EFFORTS In his speech, the Chinese premier called for joint efforts from the governments of all countries to realize the goals set out in the Millennium Declaration. "Counting from today, we have only seven years to go before the end of 2015 to reach the goals" of halving the proportion of people living on less than a dollar a day, and "no more than 12 years before the end of 2020" to significantly improve the lives of at least 100 million slum dwellers, Wen said. "I hope that we, leaders present today, will join hands to shoulder greater responsibilities as statesmen and pay closer attention to and show more compassion for the poor regions and people in the world," he urged. Wen emphasized the importance for governments to give top priority to development. The first and foremost development goal should be economic, with educational, cultural and social development also high on the agenda, he added. He urged respect for the right of all countries to choose their own development paths suited to their national conditions, and called for efforts to resolve regional conflicts and ethnic strife through peaceful means. On international assistance in eliminating poverty, Wen said developed countries in particular should assume the responsibility of helping underdeveloped countries. "Assistance should be provided selflessly, with no strings attached. It is particularly important to increase assistance for least developed countries and regions," he said. Wen proposed that donor countries double their donations to the World Food Programme in the next five years and that the international community do more to cancel or reduce debts owed by least developed countries and provide zero-tariff treatment to their exports. Efforts should also be made to improve the working mechanisms for the development goals in the Millennium Declaration and coordinate the functions of international organizations to jointly overcome the difficulties facing developing countries, he proposed. Chinese Premier Wen Jiabao (front) applauds as he delivers a speech at the United Nations high-level meeting on the Millennium Development Goals (MDGs) in New York, the United States, Sept. 25, 2008MORE ASSISTANCE FROM CHINA China will speed up efforts and provide more assistance to needy countries to facilitate the attainment of the MDGs, pledged Wen. China will contribute 30 million U.S. dollars to the UN Food and Agriculture Organization to establish a trust fund to help developing countries enhance agricultural productivity. It will also "cancel the outstanding interest-free loans extended to least developed countries that mature before the end of 2008." Ninety-five percent of products from these countries will also enjoy zero-tariff treatment in the Chinese market, the premier said. China will also increase agricultural technology support and provide more agricultural training opportunities for developing countries, he said. Over the next five years, developing countries will get 10,000 more scholarships from China, along with some training programs provided exclusively for African teachers. China will also fully staff and equip the hospitals it builds for African countries and help train their medical staff. Also in the next five years, China will develop 100 small-scale clean energy projects for developing countries, including small hydropower, solar power and bio-gas projects, the premier said. Wen arrived in New York Tuesday morning for a three-day visit. He attended the annual high-level debate of the UN General Assembly Wednesday as well as Thursday's UN MDGs summit meeting, and held talks with UN Secretary-General Ban Ki-moon and leaders of some countries.
BEIJING, June 6 -- Shareholders of China Vanke Co, the country's largest publicly traded property developer, have approved a decision to spend 100 million yuan to rebuild homes in quake-stricken Sichuan. The company has been under fire from netizens since the earthquake after Wang Shi, its high-profile chairman, announced the real estate giant would donate 2 million yuan to the quake-hit areas and told his employees not to donate more than 10 yuan. In the face of the ensuing barrage of criticism by the media and netizens, Wang apologized on his blog. At yesterday's meeting, he apologized to shareholders as well: "I want to apologize unconditionally to all shareholders, I won't try to defend myself." Wang also admitted his comments about quake donations have damaged Vanke's brand image and he was sorry for that. As a lesson from this episode, Wang said, Vanke would have a spokesperson in the future and try to desist from doing anything that hits its share prices, as it did this time. Workers rebuild a road between quake-hit Dujiangyan city and Wenchuan county."If Vanke's performance suffers because of my personal comments, I will resign immediately," said Wang. Some shareholders, however, worry the apology may have come too late. "As a public figure, he should learn from this experience," said a shareholder who preferred not to be named. Analysts said the meeting and Wang's apology will take some pressure off Vanke. "It is not easy for a public figure like Wang Shi to apologize - either in public or in front of shareholders," said Zhang Luan, an analyst from Haitong Securities. Zhang said the decision of the shareholders to clear the funding also reflects the company's determination to contribute to the relief work in a big way. Vanke's investments in Sichuan will be made over the next three to five years, Vanke had said in a previous statement to the Shenzhen Stock Exchange. The May 12 earthquake in Sichuan province destroyed 5.4 million homes and damaged 21.4 million, according to the Ministry of Civil Affairs. More than 12 million people left homeless by the earthquake will have to be relocated. "Vanke may build anti-quake homes there to broaden its property development," Bloomberg quoted Liu Xihui, a real estate analyst at Pingan Securities Co, as saying. "More developers may follow suit." Vanke rose 4.7 percent to 20.5 yuan in Shenzhen trading on Wednesday. The stock has dropped 29 percent this year after almost tripling in 2007. Trading was suspended yesterday because of the meeting.
BEIJING, Sept. 7 (Xinhua) -- Chinese President Hu Jintao met separately with German President Horst Koehler and Japan-China Friendship Association Chairman Koichi Kato in Beijing on Sunday. The meetings took place on the sidelines of the Beijing Paralympic Games, which just opened on Saturday night. President Koehler and Kato, who is former secretary-general of the Japanese Liberal Democratic Party (LDP), both attended the Games' grand opening ceremony.Chinese President Hu Jintao meets with Koichi Kato, former secretary-general of the Japanese Liberal Democratic Party (LDP) and chairman of the Japan-China Friendship Association, in Beijing, China, on Sept. 7, 2008. Kato attended the opening ceremony of the Beijing 2008 Paralympic Games on Saturday nightWhile meeting with Koehler, Hu first welcomed his German counterpart to the Games and extended congratulations to German athletes on their "excellent performance" at the Beijing Olympic Games. During the Aug. 8-24 Olympics, the German squad placed fifth on the gold medal table with 16 golds, and also grabbed 10 silvers and 15 bronzes. Hu also took the opportunity to thank the German government and people for their support and assistance during the blizzard disaster and the Sichuan earthquake that struck China in the first half of the year. Koehler said the Beijing Paralympics opening ceremony was superbly organized, and he was particularly impressed by Li Yue, a teenage amputee ballerina from the quake zone of Sichuan who performed at the ceremony. It is important to pay attention to the long-term impact of disasters, and help those affected people rebuild their faith in life in the reconstruction process, said the German leader. Both leaders agreed to further promote bilateral relations. "The Sino-German relations have shown a sound momentum of development, thanks to concerted efforts by both sides," Hu said. "Our economic and trade cooperation is growing robustly, and remarkable progress has been made in cultural, youth and legal exchanges and cooperation," said Hu. "We have maintained communication and cooperation in major international and regional affairs." "Our countries share many common interests, and also face a lot of challenges," he added. "China is ready to work with Germany to push for a long-term, stable and sound development of bilateral ties, on the basis of mutual respect, equality and mutual benefit, and through enhancing dialogue, promoting mutual trust, deepening cooperation and properly handling differences," said the president. Koehler responded that the German side attaches great importance to the cooperative relationship between the two countries. The president commended China's accomplishments in various fields following three decades of reform and opening-up, and said that Germany hopes to share with China each other's experience in economic and social development, and work with China for world peace and development through more exchanges and dialogues. In his meeting with Kato, the Chinese president also welcomed the Japanese guest to the Paralympic Games, and congratulated him on assuming the position as chairman of the Japan-China Friendship Association. He called Kato "a senior Japanese statesman" and also "an old friend of the Chinese people." China highly appreciates Kato's contribution to the development of Sino-Japanese relations, said Hu, adding that Kato has long devoted himself to Sino-Japanese friendship and worked strenuously for restoring, improving and developing the Sino-Japanese relations. The Chinese president also thanked the Japanese government and people of various circles for their support to the Beijing Olympics and Paralympics, and wished good results for Japanese Paralympians in Beijing. He pointed out that China and Japan are both important countries in Asia and the world, thus shouldering the grave responsibility of maintaining regional and world peace and promoting common development. To further consolidate and develop the Sino-Japanese strategic relations with mutual benefit is in line with the common interests of both countries and both peoples, and is conducive to peace, stability and prosperity of Asia and the world at large, he added. China wants to work with Japan to lift the Sino-Japanese relations to a new level, through strengthening political dialogue, deepening mutually-beneficial cooperation and expanding people-to-people exchanges, Hu said. The Chinese leader highlighted the important role played by the Japan-China Friendship Association in improving and developing bilateral ties, saying that the Sino-Japanese friendship is in essence the friendship between the Chinese and Japanese people. The development of the Sino-Japanese friendship relies heavily on concerted efforts by the people of both countries, said Hu, expressing the hope that the Japan-China Friendship Association will make new contributions to the Sino-Japanese friendship. Kato spoke highly of the Beijing Olympic Games, which he said have scored a complete success. The opening ceremony of the Beijing Paralympic Games was equally grand and splendid, said Kato, who expressed the belief that both Games would be written into the history of mankind. The Japan-China Friendship Association, which has dedicated itself to Japan-China friendship for nearly 60 years, will join hands with the Chinese side to help expand bilateral exchanges and cooperation in all areas and enhance friendship between the two peoples, so as to promote the sound and stable development of Japan-China relations, he said.
来源:资阳报