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ISTANBUL, Turkey, Nov. 28 (Xinhua) -- Chinese and Turkish business people signed 19 contracts here Friday on the purchase of Turkish commodities worth about 230 million U.S. dollars. Visiting China's top political advisor Jia Qinglin attended the signing ceremony after the Sino-Turkish economic and trade cooperation forum which was attended by government officials and business people from the two countries. Jia, chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), said in his speech delivered at the forum that China and Turkey should make further plans on the future development of bilateral economic and trade cooperation. China-Turkey trade volume exceeded 10 billion U.S. dollars last year and the figure for this year is expected to reach 13 billion U.S. dollars. He called on business people from both countries to make joint efforts to further tap cooperation potentials, increase mutual investment, expand cooperation in infrastructure construction and project engineering, and enhance multi-lateral economic and trade cooperation. Jia Qinglin (back,R), chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), attends a signing ceremony of China-Turkey commodity purchase after addressing the China-Turkey Economic Trade and Cooperation Forum in Istanbul, Turkey, Nov. 28, 2008The Chinese side is ready to speed up cooperation with the Turkish side in communications and tourism, said Jia. He also urged the two sides to create more and better opportunities for bilateral business cooperation. On the current international financial crisis, Jia said the Chinese side will cooperate with the international community including Turkey in this regard and make its due contributions to safeguarding international financial stability and promoting world economic growth. Jia arrived here Friday from Ankara to continue his official goodwill visit as guest of Speaker of the Turkish Grand National Assembly Koksal Toptan. Turkey is the second leg of Jia's four-nation visit which has taken him to Jordan and will also take him to Laos and Cambodia.
BEIJING, Oct. 25 (Xinhua) -- The two-day 7th Asia-Europe Meeting (ASEM) was concluded here Saturday with participants reaching consensus on global financial crisis and other issues. The meeting, attended by leaders and representatives from 45 Asian and European nations and organizations, realized its expected goal and was a great success, Chinese Premier Wen Jiabao said in a closing speech. As one of the most fruitful achievements, a statement of the 7th ASEM on the international financial situation was adopted at the meeting. The two-day 7th Asia-Europe Meeting (ASEM) was concluded at the Great Hall of the People in Beijing on Oct. 25, 2008. "Leaders believed that authorities of all countries should demonstrate vision and resolution and take firm, decisive and effective measures in a responsible and timely manner to rise to the challenge of the financial crisis," said the statement. The international community should continue to strengthen coordination and cooperation and take effective and available economic and financial measures in a comprehensive way to restore market confidence, stabilize global financial markets and promote global economic growth, it said. According to the document, leaders supported the convening of an international summit on Nov. 15 in the United States to address the current crisis and principles of reform of the international financial system. The summit also adopted a declaration on sustainable development. "The adoption of various cooperation proposals shows and proves again the interior impetus for strengthening dialogue at the ASEM and great potential for extending cooperation," Wen said. Amid the global financial turmoil, the ASEM has been widely regarded as an opportunity for Asian and European leaders to find a solution. French President Nicholas Sarkozy called the meeting very "helpful" for Asia and Europe to tackle the global financial crisis and build up common cause. "We had discussed nearly all of the topics concerned by the two continents including the most difficult issues," he said at a press conference at the end of the meeting. Premier Wen told the press conference the need of confidence, cooperation and responsibility to find a solution to the global financial meltdown. "We are glad to see that many countries have made their efforts and achieved some results. But it is not enough as we now see it, and more endeavors are needed," said Wen. All countries, especially developed ones, should take measures as soon as possible to stabilize the financial market and build public confidence, he said. Financial innovation could help develop the economy, but financial supervision is even more important for the security of the financial system, he added. The premier also declared that China would actively attend the Nov.15 financial summit.
Chinese Premier Wen Jiabao waves to the construction workers during his visit to a water dam construction site in southwest China's Chongqing Municipality Dec. 21, 2008. During his trip, Wen visited a number of local factories, communities, villages and worksites. CHONGQING, Dec. 22 (Xinhua) -- Premier Wen Jiabao has called it a prime job to maintain a stable and relatively fast economic development and take more direct, powerful and effective measures to implement central policies on increasing domestic demands and promoting economic growth in a substantial way. "Next year, it is the important target to stop the declining trend of economic growth and it is a must to focus on increasing domestic demands so as to promote economic growth," said the premier during an inspection tour in southwest China's Chongqing Municipality from Dec. 21 to 22. Chinese Premier Wen Jiabao waves to college students of Chongqing University in southwest China's Chongqing Municipality Dec. 22, 2008. During his trip, Wen visited a number of local factories, communities, villages and worksites. During his trip, Wen visited a number of local factories, communities, villages and worksites, with the company of Chongqing Communist Party chief Bo Xilai and Mayor Wang Hongju. In his talks with local people, Wen discussed ways to get over the current financial difficulties and speed up reform and development in Chongqing. Chinese Premier Wen Jiabao holds a talk with locals in a village of southwest China's Chongqing Municipality Dec. 21, 2008 In a visit to the reservoir worksite, Wen was told that Chongqing plans to invest 40 billion yuan (5.88 billion U.S. dollars) in water conservation projects in the coming five years as part of its efforts to increase domestic demand and improve the quality of life. "We must make a good use of every coin of the people," he said. At a workshop of the Chang'an Group, the premier showed great concerns over the negative impacts of the global financial crisis on the city's automobile industry. Chinese Premier Wen Jiabao sits in a car produced by the Chang'an Group in southwest China's Chongqing Municipality Dec. 21, 2008 The company's car sales have been declining since November. It is expected to further decrease in December and the first quarter of next year, said the company's president Xu Liuping. "We must brave the difficulties by ourselves, but we also need government support," Xu said. Wen said that difficulties in the country's automobile industry are temporary as it a promising industry, because "China has a huge market." Chinese Premier Wen Jiabao visits a factory in southwest China's Chongqing Municipality Dec. 21, 2008. Wen urged the company to depend on innovation and reform while improving quality and decreasing the cost. "Company leaders must be bold to shoulder responsibilities and the staff should unite as one, to get over the difficulties together," he said. On Monday morning, the premier paid a visit to a communal social security center to learn about the life of low-income families. "The more financially challenged we are, the greater attention we should pay to those in need," he stressed. At the home of 76-year-old Ren Guoqing, the premier said the government has decided to continue increasing the pension of retirees, as well as the subsidiaries for low-income families and other families who receive government subsidies. During his tour in the city, Wen paid an unplanned visit to Chongqing University, where he met thousands of students and encouraged them to be confident in the difficult times.
BEIJING, Oct. 31 (Xinhua) -- Chinese shares dropped 1.97 percent on Friday, the month's last trading day. The benchmark Shanghai Composite Index lost 1.97 percent, or 34.82 points, to close at 1,728.79. The Shenzhen index was down 1.19 percent, or 70.33 points, to close at 5,839.33 points. The combined turnover was 35.23 billion yuan (5.03 billion U.S.dollars), compared with 49.35 billion yuan on the previous trading day. Losses outnumbered gains by 656 to 199 in Shanghai and 576 to151 in Shenzhen. Almost all sectors fell except industries related to aircraft making after the Commercial Aircraft Corporation of China Ltd. (CACC) announced Chinese indigenous regional jets would be sold to the United States, analysts said. CACC is not a publicly traded company. Coal companies suffered the most losses. Kailuan Clean Coal Co.lost 7.21 percent to 10.3 yuan. Taiyuan Coal Gasification Company fell 4.34 percent to 7.50 yuan. "I don't think the fall was related to recent mine accidents. It was a reflection of diminishing global energy demand," said Alex Xue, analyst with JL McGregor & Company. The finance sector also dropped by an average of 3 percent. CITIC securities lost 2.46 percent to 17.84 yuan. Bank of Communications fell 4.20 percent to 4.33 yuan. According to estimates from Friday's China Securities News, third-quarter profits of the country's 1,466 listed companies would fall 10.17 percent from the same period a year ago and 18.41 percent from the previous month to 206.09 billion yuan. Operating net cash flow fell 51.75 percent to 827.4 billion yuan in the first three quarters. Analysts said rising material costs and weakening demand led to slumping profits. The country's industrial output value growth slowed to 11.4 percent in September, the lowest rate since April 2002, the National Development and Reform Commission said on Thursday. Despite the latest rate cut, which was viewed as helpful to stabilizing the stock market, analysts said the market could possibly continue falling. The long-term affects from the rate cut are yet to been seen.
BEIJING, Oct. 22 (Xinhua) - Chinese Premier Wen Jiabao and visiting Danish Prime Minister Anders Fogh Rasmussen on Wednesday agreed to establish comprehensive strategic partnership between the two nations. Wen told Rasmussen during their talks that both sides shared strong desire to lift the level of the bilateral mutually-beneficial cooperation, since the Sino-Danish relations had become more mature after experiencing 58 years' development. Denmark was one of the first western nations to recognize the People's Republic of China, and the two peoples enjoyed profound friendship, Wen noted. China applauded Denmark's adherence to one-China policy, and was ready to work with the country to increase mutual trust, expand cooperation in science, technology, environmental protection, energy, innovation, culture and other areas, he said. Chinese Premier Wen Jiabao (3rd L back) and Denish Prime Minister Anders Fogh Rasmussen (2nd L back) attend the signing ceremony between the two countries in Beijing, capital of China, Oct. 22, 2008 The premier hoped that the two nations would improve their capacity of promoting economic growth and resisting risks through the increase of bilateral cooperation. China paid high attention to the 15th Conference of the Parties of the United Nations Framework Convention on Climate Change in Copenhagen next year, Wen said, noting that China would, in line with the principles of common but differentiated responsibilities, make efforts to push forward related international cooperation in this area to achieve positive progress. Rasmussen said Denmark attached great importance to building the comprehensive strategic partnership with China, and hoped to enhance the bilateral cooperation in environment, renewable energy resources, education, research and other fields. Denmark was ready to strengthen cooperation with China to jointly safeguard the stability of the international financial market, the prime minister said. The country would also increase cooperation with China in response to climate change, he noted. The two nations signed documents to enhance bilateral cooperation in climate change, renewable energy resources, science, technology and innovation. The two prime ministers attended the signing ceremony of the agreements. Rasmussen was here for a six-day official visit to China and for the seventh Asia-Europe Meeting scheduled for Oct. 24-25.