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FUZHOU, Oct. 23 (Xinhua) -- Senior Communist Party of China (CPC) leader Zhou Yongkang, while on an inspection tour, has urged officials in the coastal province of Fujian in southeast China to pursue leapfrog economic development.Fujian should make full use of the opportunity for development and put in place the next five-year development plan based upon its real conditions to significantly improve the people's standards of living, said Zhou, member of the Standing Committee of the Political Bureau of the CPC Central Committee.He further said the province should increase its economic and cultural exchanges with Taiwan.Zhou also told officials to divert more government spending and public services to impoverished areas and low-income residents to boost the development of the old revolutionary base areas, as well as the western and northern areas in Fujian.
TOKYO, Sept. 24 (Xinhua) -- Chief Cabinet Secretary Yoshito Sengoku said Friday that China and Japan, the two major economic powers in Asia, need to work toward improving bilateral relations."It is true that Japan-China relations have shown signs of deterioration," Sengoku, Japan's top government spokesman, said at a press conference, adding that efforts were needed to deepen bilateral relations between the two countries.The comments came as the Naha, Okinawa, prosecutor's office said Friday it will release Zhan Qixiong, the 41-year-old Chinese fishing boat captain who has been held for more than two weeks.Two Japan Coast Guard patrol ships and a Chinese trawler collided in waters off China's Diaoyu Islands on Spet. 7.The next day, the Japan Coast Guard illegally seized the Chinese trawler and detained its captain and 14 fishermen on board, drawing strong protests from the Chinese government and its people.The Japanese released the fishermen and boat last week but held the captain. China has repeatedly urged Japan to unconditionally send back the captain to avoid additional damage to their bilateral ties.According to local media, Zhan was to leave Japan on Friday. Chinese Foreign Ministry spokeswoman Jiang Yu said the same day the Chinese government would send a chartered plane to bring back the captain.
BEIJING, Sept. 19 (Xinhua) -- Ghana's President John Evans Atta Mills arrived in Beijing on Sunday evening, kicking off his state visit to China.During his six-day China trip, Mills will hold talks or meet with Chinese leaders including President Hu Jintao and top legislator Wu Bangguo.Besides Beijing, he will visit southwest China's Chongqing municipality, southern city of Shenzhen and the nation's economic hub Shanghai.
BEIJING, Sept. 11 (Xinhua) -- China's August economic data released Saturday gave relief to market participants, with the figures demonstrating the economy's continued momentum despite the government's tightening measures and moves to cool the property market.Higher-than-expected growth in fixed asset investment, industrial production, retail sales and new loans, as well as the August trade data announced Friday, all pointed to the increasing strength of the Chinese economy.SIGNS OF RE-ACCELERATIONChina's industrial value-added output growth accelerated to 13.9 percent year on year in August from July's 13.4 percent growth, the National Bureau of Statistics (NBS) data showed.The rebound was the first increase in the speed of growth in industrial value-added output this year, after seven consecutive months of decreases in the rate of growth as the government introduced curbs on bank lending to energy-intensive industries and the property market. People buy vegetables in a market in Hefei, capital of east China's Anhui Province, Sept. 11, 2010. The consumer price index (CPI) rose 3.5 percent year on year in August, 0.6 percent higher than in July, the National Bureau of Statistics announced Saturday."It is a good result," the NBS spokesman Sheng Laiyun said, adding the August output data was a mild rebound from the 13.4 percent growth in July and 13.7 percent growth in June, suggesting China's industrial production stabilized from fast expansion in the first half.Retail sales growth accelerated to 18.4 percent in August. Urban fixed asset investment also maintained a strong growth in the first eight months, up 24.8 percent from a year earlier.Further, an unexpected acceleration in China's imports last month pointed to strong domestic demand. Exports grew 34.4 percent year on year in August, slowing from July's 38.1-percent surge, while imports rose 35.2 percent in August, sharply up from the 22.7-percent increase in July, customs data showed Friday.Zhang Liqun, a researcher with the State Council's Development Research Center, said the investment, consumption and exports data were good and suggested that China's economic growth rates will not decline significantly.New yuan-denominated lending picked up to 545.2 billion yuan (80.53 billion U.S. dollars) in August compared with the 532.8 billion yuan in July, the People's Bank of China, or the central bank, said in a separate statement Saturday.China's broad money supply (M2), which covers cash in circulation and all deposits, increased 19.2 percent year on year by the end of August, up 1.6 percentage points from the end of July.The rebound of M2 from July indicated that China's economic slowdown was not as rapid as expected, said Liu Yuhui, economist with the Chinese Academy of Social Sciences."The overall economy is stable and sound. It is heading in the direction expected and as set by the government's macro-economic controls," Sheng said.Earlier figures showed that China's GDP grew 11.1 percent year on year in the first half of the year. But its economic growth rate slowed to 10.3 percent in the second quarter, from 11.9 percent in the first three months the year.
XIAMEN, Sept. 7 (Xinhua) -- China will continue to attract large influxes of foreign investment in the next few years despite uncertainties in the global economic recovery, Commerce Minister Chen Deming said Tuesday.Although uncertainties lie in the process of the global economic recovery and the development trend of the world economy would, to some extent, affect foreign investment in China, the next few years will still be a high-tide period for foreign investment inflow into the country, Chen said Tuesday at a ministerial conference at the 2nd World Investment Forum (WIF) in Xiamen City in southeast China's Fujian Province."Currently, many countries and organizations have rated China as the most appealing destination for investment, which probably would not be changed for a few years," said the minister.Foreign direct investment (FDI) this year is set to "surpass 100 billion U.S. dollars," compared to 90 billion dollars last year, an official with the ministry predicted on Sunday.During the first seven months of this year, China's FDI increased 20.65 percent year on year to 58.35 billion dollars, according to the ministry' s latest statistics.Meanwhile, some 14,459 foreign-invested companies were established in China in the first seven months, up 17.9 percent year on year.