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BEIJING, April 3 (Xinhua) -- China's Purchasing Managers' Index (PMI) of the non-manufacturing sector rose to 58.4 percent in March, a rebound of12 percentage points from February, when the index fell below the boom-bust line of 50 percent for the first time since a year earlier, an industrial association said Saturday.The PMI, designed to provide a real-time snapshot of business conditions, includes a package of indices including new orders, inventory levels, production and others that measure economic performance. A reading of above 50 percent suggests expansion, while one below 50 percent indicates contraction.The rise of the index indicated robust market activities in service sectors, which combined with an optimistic outlook that would encourage private investment and promote healthy and coordinated development of national economy, said the China Federation of Logistics and Purchasing (CFLP) vice president Cai Jin.According to the CFLP survey, the new order sub-index for China's non-manufacturing sector climbed to 54.6 percent last month, up 8.4 percentage points than February. The outlook sub-index was 70.4 percent, up 2.4 percentage points.The CFLP survey covers 20 non-manufacturing industries, including logistics, wholesale, hospitality, supermarkets and construction.The PMI for manufacturing sectors rose to 55.1 percent in March, the 13th straight month that the index was above 50 percent.
VIENNA, May 19 (Xinhua) -- Chinese Minister of Commerce Chen Deming stressed Wednesday that, especially under the current“financial crisis, the exchange rate stability is the most important, which is not only a national responsibility, but also a responsibility for the world economic recovery."At a press conference jointly held with Reinhold Mittelehner, the Austrian Minister of Economic Affairs, and Christoph Leitl, president of the Austrian Chamber of Commerce, Chen said China will continue to maintain the stability of the Chinese yuan exchange rate to ensure economic stability.He believed that the exchange rate has an impact on national trade, but it is not the decisive factor. National trade would be more affected by such other factors as economic structure, resource allocation, as well as the stage of technology and development.He also stressed that the exchange rate is a sovereign issue of each country, which should be set by each country according to its own situation.The Chinese trade and investment promotion mission with over 80 Chinese enterprises, which is led by Chen, participated in the economic forum held by the Austrian Chamber of Commerce, discussing with about 100 major Austrian enterprises and signing a series of economic cooperation agreements.
BEIJING, May 1 (Xinhua) -- China's police forces nationwide were ordered Saturday to step up security of kindergartens and schools after a spate of violent attacks against school children.An emergency circular issued by the Ministry of Public Security also called for harsh punishments of criminals who attacked school children in order to deter potential attackers.It ordered all necessary measures be taken against school attackers in accordance with the law to stop a crime in progress.The ministry instructed police to work with courts and prosecutors to handle such cases swiftly.Police must also work with education authorities to comprehensively screen all campuses and their surrounding areas for security risks.
BEIJING, May 26 (Xinhua) -- Top Chinese legislator Wu Bangguo said here on Wednesday China highly values its relations with Europe, vowing to further promote China-EU comprehensive strategic partnership.Wu, chairman of the National People's Congress (NPC) Standing Committee, made the remarks in his meetings with European Parliament President Jerzy Buzek, and a group of European party leaders who were here for the first-ever China-Europe High-Level Political Party Forum.Wu hailed the progress of China-Europe ties over the years, citing enhanced political trust, fruitful cooperation, close coordination in global and regional affairs and the establishment of an annual summit mechanism and all-round strategic partnership.China attaches great importance to developing ties with Europe, and considers China-Europe relations a priority in China's foreign policies, he told Buzek.Buzek said China plays an increasingly important role at the global stage. The European Union highly values China's position, and he hopes to strengthen dialogues and cooperation between the European Parliament and the NPC to boost all-round relationship, Buzek added.In a meeting with European party leaders, Wu reiterated that the CPC is ready to strengthen friendly exchanges with various parties of Europe to boost bilateral all-round strategic partnership.
BEIJING, May 26 (Xinhua) -- The upcoming leaders' meeting of China, Japan and the Republic of Korea (ROK) will map out cooperation in East Asia in the years to come, said Chinese Vice Foreign Minister Zhang Zhijun on Wednesday.Chinese Premier Wen Jiabao will attend the third three-party leaders' meeting of China, the ROK and Japan to be held in Jeju of the ROK from May 29-30."The meeting will look to outline future cooperation, promote political trust, and consolidate cooperation," Zhang said.The Asian economies have recovered from the global financial crisis this year, and this provides a good opportunity for cooperation between China, Japan and the ROK, he said.Zhang said China expects the meeting to map out key areas of cooperation so to support the economic recovery and the construction of East Asian Community, and also to reinforce coordination in regional and international affairs.