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SHANGHAI, May 9 (Xinhua) -- Chinese Vice Premier Hui Liangyu Sunday encouraged the country's meteorologists to improve weather forecasting ability to better serve the country's social and economic development.Weather forecasting is important in carrying out disaster relief, safeguarding people's life and property security, boosting social and economic development, and coping with global climate change, Hui said when visiting the MeteoWorld Pavilion in the 2010 Shanghai World Expo park.He urged meteorologists to resort to scientific innovation to constantly improve weather services.The MeteoWorld Pavilion, built with a white membrane structure, was jointly built by the United Nation's World Meteorological Organization and the China Meteorological Administration. It is the first independent meteorological pavilion in the World Expo history.Shanghai Party chief Yu Zhengsheng joined Hui in visiting the pavilion
SHANGHAI, April 3 (Xinhua) -- Environment authorities in Shanghai will ban burning waste straw in the suburban agricultural areas to ensure air quality during the World Expo period.The Shanghai Municipal Environment Protection Bureau will use satellite remote sensing to monitor the burning of waste straw during the Expo period from May 1 to Oct. 31, the bureau said in a statement Saturday.Statistics show that about 170,000 hectares of barley, wheat, paddy and rape are planted in the suburban agricultural areas of Shanghai, which can produce up to 1.3 million tonnes of waste straw every year, according to the bureau.Burning waste straw will produce carbon dioxide and other pollutants to pollute the air, it said.To help dispose of the waste straw, more than 40 organic fertilizer plants in Shanghai have planned to use more straw as auxiliary material in fertilizer production, the bureau said.The Shanghai World Expo, with the theme of "Better City, Better Life," is expected to draw 70 million visitors from around the world during the six-month period.
BEIJING, March 31 -- The appointment of three new academic members to the central bank's monetary policy committee on Monday reflects the increasing inclusiveness of monetary policymaking, but may not have any apparent bearing on the timing of an interest rate hike, analysts said.The People's Bank of China (PBOC) said three Chinese economists - Xia Bin, Li Daokui and Zhou Qiren - will replace Fan Gang, the only academic member of the committee, which advises on major monetary issues."Adding two more academics to the monetary policy committee is a welcome change," said Wang Tao, head of China economic research at UBS Securities. "I hope this helps to increase healthy debate within the committee, and increase the independence of monetary policy.""The appointment of three academic members this time - instead of one - indicates the increasing importance of academic voices in monetary policymaking and the three, with different backgrounds, are expected to complement each other to add to the inclusiveness of the panel," said Sun Lijian, an economist with Fudan University. It would make the country's monetary decision-making more rational, he said.Going by their recent comments on inflation, with Li saying that China could precede the United States in raising the rates and Zhou urging a timely and firm exit from stimulus policies, it is speculated that their appointment may signal chances of an earlier rate hike.Zhou said in a February speech that it was high time that China exited from the stimulus measures. "Given the past experiences, the stimulus through expanding money supply and debt only has a short-term effect," he said in the speech.One of the side effects of the stimulus is rising inflation. "The price of the stimulus policies is mainly the adverse effect of the large-scale release of money on the overall market price situation," he said. "We have seen it on the market."Li said early this month once China's consumer price index (CPI), a major measure of inflation, rises 3 percent, the country is set to increase the rates. China's CPI rose by 2.7 percent year-on-year in February.He also said on Monday that China may suffer from exported inflation from developed economies as their continued relaxed monetary policy would lead to surging raw material prices and large-scale capital flowing into the emerging economies, including China.Meanwhile, China should keep itself alert against possible price rises due to weather changes, such as the recent severe drought in southwestern regions.Xia Bin said on Monday that three factors should be taken into account when deciding on whether to raise the interest rates. It should be considered if real negative deposit interest rates occurred. But if inflationary expectations are not strong, the hike would be inappropriate. Moreover, China should not move ahead of the US since it would bring in speculative capital.China's benchmark one-year deposit rate stands at 2.25 percent.Dong Xian'an, chief macroeconomic analyst of Industrial Securities, said economic fundamentals should be the paramount determinant in interest rate related policymaking and the appointment of a new monetary policymaking panel would not have any substantial bearing on the timing of the possible hike.The month-on-month CPI figure is a crucial factor and as it continues to rise, the hike may come in the second quarter of this year, he said.
CAIRO, June 6 (Xinhua) -- Egypt and China pledged to strengthen traditional friendship and enhance their strategic cooperation partnership on Sunday.In a meeting with a Chinese delegation headed by Wang Gang, a member of the Political Bureau of the Communist Party of China Central Committee, Egyptian President Hosni Mubarak said his country thanked China for its long and unswerving support for the just cause of the Arab people.He said Egypt treasured the traditional friendship with China and is willing to exert efforts for further development of Egypt- Chinese ties.Wang conveyed to Mubarak the greetings from Chinese President Hu Jintao.Egyptian President Hosni Mubarak (R) meets with Wang Gang, vice chairman of the Chinese People's Political Consultative Conference National Committee and member of the Political Bureau of the Communist Party of China (CPC) Central Committee, in Cairo, capital of Egypt, June 6, 2010. He said equal treatment, mutual support and close cooperation have always been featuring both the just causes of maintaining national independence and state sovereignty and the great road of national construction and economic development since the two sides established diplomatic ties.Wang, also vice chairman of the Chinese People's Political Consultative Conference National Committee, the country's top political advisory body, added that the relations between China and Egypt can be seen as a good example for the South-South cooperation.China and Egypt established strategic cooperation partnership in 1999. Bilateral trade reached around six billion U.S. dollars in 2009.Wang said China hopes to grasp the opportunity and jointly work with Egypt to consolidate their traditional friendship, expand practical cooperation and enhance the strategic cooperation partnership.The Chinese delegation arrived in Cairo on Saturday for a visit.
BEIJING, May 4 (Xinhua) -- China called off its grade II drought emergency response on Tuesday as the severe drought in its southwestern regions eased after recent rain.The drought, one of the worst in decades, eased in most parts of the Chongqing Municipality, provinces of Sichuan and Guizhou, and Guangxi Zhuang Autonomous Region, said the Office of State Flood Control and Drought Relief Headquarters in a statement on its website.But in Yunnan Province, the drought was still severe in most parts as the province had only received limited and scattered rainfalls, it said.Southwestern China had six falls of rain between March 22 and April 26, which ranged in volume from 50 to 100 millimeters, figures from the China Meteorological Administration showed.As of Tuesday, up to 123 million mu (about 8.3 million hectares) of arable land in China was affected by the drought, with 17.91 million people and 12.43 million farm animals still short of water, said the statement.