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WASHINGTON, Oct. 6 (Xinhua) -- China's growth is projected to average 10.5 percent in 2010 and 9.6 percent in 2011, driven by domestic demand, the International Monetary Fund (IMF) said in a report Wednesday.The Washington-based international lending agency made the projection for the annual fall meetings this weekend of the 187-nation IMF and its sister lending organization, the World Bank."The slight moderation in recent activity is expected to continue through 2011 in light of tighter quantitative limits on credit growth, measures to cool off the property market and limit bank exposure to this, and the planned unwinding of fiscal stimulus in 2011," the IMF said in its report.The report said this year's sustained growth in retail sales and industrial production confirms that private sector activity has advanced beyond the lift from government stimulus."On average over 2010-11, private domestic demand is poised to contribute two-thirds of near term growth, and government activity about one third, whereas the contribution from net exports will be close to zero," the report said.Despite the robustness in domestic demand, the pickup in inflation in 2010 reflected mainly higher food prices rather than core inflation, the report said.The report said China's increasingly wide trading network is driving growth in numerous economies, especially commodity exporters.The report said Asia's medium-term growth depends on the rebalancing of drivers of growth -- greater reliance should be put on domestic markets instead of foreign demand.The report said such a rebalancing in China, the world's second largest economy, is critical to enhance the role of household consumption in domestic growth.The report also recommended that China implement reforms to health care, education, and pension systems to enhance the social safety net.

BEIJING, Aug. 29 (Xinhua) -- China National Chemical Engineering Co., Ltd. (CNCEC), one of the country's leading engineering, procurement and construction firms, said its net profit for the first six months of 2010 grew by 58.61 percent.Net profits totaled 653 million yuan (96 million U.S. dollars) while earnings per share stood at 0.13 yuan, up 20.37 percent from one year earlier, the company said in a statement filed with the Shanghai Stock Exchange late Sunday.CNCEC said its revenues during the first half of this year were valued at 14.57 billion yuan, among which project construction contracts accounted for 13.03 billion yuan, up 15.97 percent from one year earlier.The Beijing-based company has also made progress in overseas markets where revenues increased by 63.53 percent to nearly three billion yuan, while domestic revenues grew by 8.54 percent to 11.5 billion yuan, according to the statement.CNCEC attributed its strong performance to collective material purchasing, improved outsourcing and investment management, continuously reduced project costs and an effective human resources incentive mechanism.

DAMASCUS, Oct. 31 (Xinhua) -- China's top political advisor Jia Qinglin on Sunday vowed to promote political, economic ties and people-to-people contact with Syria.Jia, chairman of the Chinese People's Political Consultative Conference (CPPCC) National Committee, made the pledge when holding talks with Suleiman Kaddah, vice chairman of the National Progressive Front.Jia hailed the traditional friendship and current cooperation between China and Syria in political, economic, cultural and education sectors and on international affairs, saying the similar experience of the two states in history helped to facilitate mutual understanding and support.China appreciates Syria's adherence to the one-China policy and its support to China on issues related to China's core interests and major concern, Jia said.China also supports the just cause of Syria for safeguarding its national sovereignty and territorial integrity, and backs Syria in resuming the exercise of full sovereignty on the Golan Heights at an early date, Jia said.Jia suggested the two sides strengthen political exchanges and mutual trust, and expand economic and trade cooperation."China encourages qualified Chinese enterprises with good credits to invest or set up factories in Syria, and supports Syria to export more to China," he said.Jia also proposed the two sides increase consultation on regional and international affairs, jointly safeguard the legitimate rights and interests of the two states and of other developing countries, push for a new, fair and reasonable international political and economic order, and promote the friendly cooperation between China and Arabian and Islamic countries.Jia suggested the two nations boost exchange at people-to-people and local levels, and promote cooperation in such fields as media, culture, education, academy and tourism.Kaddah, in his turn, applauded Syria's friendship and cooperation with China, saying China is playing an important role in safeguarding the world peace.Syria appreciates China for its long-standing position of settling international disputes through dialogue and enhancing mutually beneficial cooperation among all countries, he said.Kaddah reiterated Syria's stance on issues that concern China's core interests, saying Syria will constantly abide by the one-China policy.Jia and Kaddah both pledged to promote exchanges and cooperation between the CPPCC and the National Progressive Front.

BEIJING, Nov. 5 (Xinhua) -- The quota shift, or the voting power redistribution of the International Monetary Fund (IMF), is just the start of IMF reform, a senior Chinese foreign affairs official said here Friday."G-20 leaders have pleged that progress should be made in terms of IMF quota reform prior to the Seoul summit, and now we will honor the commitment," said Chinese Vice Foreign Minister Cui Tiankai at a news briefing on China's outlook for the G20 summit in Seoul next week.At a G-20 finance ministers' meeting held last month, participants agreed to shift six percent of the IMF quota to emerging or under-represented countries such as China, India and Brazil, from developed economies."This is obvious progress," Cui commented on the proposal forged at the minister-level meeting, adding that the Chinese side hoped the IMF's board would agree on the quota transfer."China is one of the under-represented countries and it's rational and sensible to give China more quota," said the vice foreign minister.China would not try to maximize its own interests, but seek an all-win situation with other emerging economies and other IMF members, Cui added.Cui said the quota shift was far from the end of the IMF reform and he looked forward to more changes to the financial institution."This is not the end, not even the beginning of the end, but the end of the beginning," Cui said.Many countries have said that the way to calculate the quota itself needs to be reformed, as well as the IMF governance structure.

ANKARA, Oct. 7 (Xinhua) -- Chinese Premier Wen Jiabao arrived in Ankara on Thursday night for a three-day official visit to Turkey.Turkey is the last leg of Wen's four-nation tour, which has taken him to Greece, Belgium and Italy. He also had an unscheduled meeting with his German counterpart Angela Merkel on Tuesday in Germany.Earlier on Thursday in Rome, Wen held talks with Italian Prime Minister Silvio Berlusconi, President Giorgio Napolitano and parliamentary leaders, and launched together with Berlusconi the program of the Chinese Culture Year in Italy. Chinese Premier Wen Jiabao (L, front) arrives in Ankara, capital of Turkey, for an offical visit, on Oct. 7, 2010.During his stay in Turkey, Wen is scheduled to meet with Turkish Prime Minister Recep Tayyip Erdogan and President Abdullah Gul.Chinese Ambassador to Turkey Gong Xiaosheng said last week that Premier Wen's visit to Turkey will boost the two countries' relations to a new level."We expect the Chinese-Turkish ties to have a new and better development and a leap forward after Wen visits Turkey," Gong told a press briefing in Ankara. "As the two nations know more about and work more with each other, I believe there will be great prospects for our cooperation."

来源：资阳报