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BEIJING, Jan. 5 (Xinhua) -- The Chinese government will continue encouraging outbound investment while attracting foreign investment in 2010 for "stable and relatively fast" growth of the country's economy, a government official has said. Outbound investment, or "go-global" strategy, should aim at making use of overseas resources, market and advanced technologies, so as to help facilitate development of China's domestic economy, Zhang Xiaoqiang, vice minister in charge of the National Development and Reform Commission, said in the speech posted on the commission's website Tuesday. The remarks were made at a conference held in Beijing on foreign investment on Dec. 11, but was not released until Tuesday. In the first three quarters of 2009, China saw its investment overseas at 32.87 billion U.S. dollars, up 0.5 percent year-on-year, according to the Ministry of Commerce (MOC). The country would also continue to attract foreign investment, he said. "Social stability, huge potential market and low cost of productive resources are still advantages for foreign investment," he said. The country would see more advanced technologies and talents from foreign countries and foreign investment would better serve the structural reform of the country's economy. Zhang said the government would stress national economic security while seeking to increase foreign investment. "We have to properly handle new challenges and situations when further opening sectors, including finance and telecommunications." China's foreign direct investment shrank 14.26 percent from the same period last year to 63.77 billion U.S. dollars in the first nine months as foreign companies cut spending amid the global economic downturn, according to the MOC. In the speech, Zhang also said China's currency was facing renewed pressure to appreciate because of the quantitative easing monetary policy in developed countries, a weakening dollar and recovery of China's economy. The pressure would likely spur massive inflow of speculative money, making liquidity management more difficult. Premier Wen Jiabao also said in December in an interview with Xinhua that the yuan faced appreciation pressure. "China will not yield to foreign pressure for the appreciation of its currency yuan in any form," Wen said. "A stable Chinese currency is good for the international community," Wen said.
BEIJING, Dec. 31 (Xinhua) -- Chinese President Hu Jintao urged maintaining steady and relatively fast economic development in a New Year address broadcast Thursday to domestic and overseas audience via state TV and radio stations. He said in 2009, in the face of global financial crisis, Chinese people of all ethnic groups united together and firmly adhered to maintaining steady and relatively fast economic development as the primary task in economic work. "People's life continued to improve and the society was kept harmonious and stable," said Hu in the address, titled "Jointly Create A Beautiful Future of World Peace and Development," broadcast by China Radio International, China Central Television, and China National Radio.. Hu said that the year 2010 is the last year of the country's 11th Five-Year Plan period and the country will continue to implement a proactive fiscal policy and a moderately easy monetary policy. Chinese President Hu Jintao delivers a New Year address titled "Jointly Create a Better Future for World Peace and Development" which is broadcasted to domestic and overseas audiences via state TV and radio stations, in Beijing, capital of China, Dec. 31, 2009 Hu added that the country will stick to the guidelines of "one country, two systems", "Hong Kong people governing Hong Kong", "Macao people governing Macao" and a high degree of autonomy to maintain long-term prosperity and stability of Hong Kong and Macao. He said the policy of "peaceful reunification and one country, two systems" will be adhered to and exchanges and cooperation across the Taiwan Strait will be enhanced to bring more benefits to people on both sides. "I'd like to solemnly reiterate that China will hold high the flag of peace, development and cooperation and firmly adhere to the foreign policy of maintaining world peace and promoting common development," Hu said. He said China will develop friendly cooperation with all other countries on the basis of the five principles of co-existence and continue to actively participate in international cooperation on issues such as coping with the international financial crisis and climate change. "We will work with people of all countries to jointly promote the construction of a harmonious world of lasting peace and common prosperity," said Hu. He said at this moment, there are still people in the world who are suffering from war, poverty, disease and natural calamities. The Chinese people are deeply sympathetic and will continue to do all they can to help them. An article by Hu on Party building in a new situation will be published in Qiu Shi (Seeking Truth), an official magazine of the Communist Party of China Central Committee, on Jan. 1, 2010.
WUHAN, Nov. 28 (Xinhua) -- A senior leader of the Communist Party of China (CPC) has urged officials and governments at all levels to serve the people by addressing their concerns. He Guoqiang, member of the Standing Committee of the CPC Central Committee, made the remarks during his visit in Chibi City of central China's Hubei Province on Saturday. He said officials and governments must solve well the problems that concern people's immediate interests to ensure social harmony and stability. When visiting a local village and urban community of the city, He urged local officials to help residents increase their incomes and answer the needs required by the people. He asked the officials to improve their ability of resolving practical problems to bring about more tangible benefits to local people. He, also secretary of the Central Commission for Discipline Inspection of the CPC, also called on local Party organs to improve their organizational construction, promote intra-party democracy and strengthen the struggle against corruption.
BEIJING, Dec. 4 (Xinhua) -- China's top legislator Wu Bangguo met here Friday with Kazakhstan's First Deputy Prime Minister Umirzak Shukeev. Wu, chairman of the Standing Committee of the National People's Congress (NPC), said China and Kazakhstan are friendly neighbors and strategic partners. Wu Bangguo (R, front), chairman of China's National People's Congress Standing Committee, meets with Kazakhstan's First Deputy Prime Minister Umirzak Shukeev (L, front) at the Great Hall of the People in Beijing, capital of China, Dec. 4, 2009. Umirzak Shukeev is here in China to attend the fifth meeting of the China-Kazakhstan Cooperative Commission.He said the Chinese side set a high value on firm support from Kazakhstan on issues of Taiwan, Tibet, and fighting "East Turkistan" forces. China will continue as always to support Kazakhstan in safeguarding national sovereignty, security and promoting socio-economic development, he said. Chinese Vice Premier Wang Qishan (R Front) shakes hands with Kazakhstan's First Deputy Prime Minister Umirzak Shukeev after they signed the summary of the fifth meeting of the China-Kazakhstan Cooperation Committee in Beijing, capital of China, Dec. 4, 2009Shukeev visits China to co-chair the fifth meeting of the China-Kazakhstan Cooperative Commission with Chinese Vice Premier Wang Qishan. During the meeting, more than 20 Chinese, Kazakh officials, ranging from trade and energy to environment and transportation laid out plans for future cooperation. Wu said the commission has played an active role in promoting bilateral cooperation. He hopes the consensus and agreements reached in the fifth meeting can be carried out as soon as possible to deepen cooperation between the two sides in various fields. Shukeev said Kazakhstan attaches great importance to relations with China, and is willing to work with China to give full play to the role of the committee, in order to promote the strategic partnership between Kazakhstan and China.Chinese Vice Premier Wang Qishan (R2 Front) and Kazakhstan's First Deputy Prime Minister Umirzak Shukeev (L2 Front) sign the summary of the fifth meeting of the China-Kazakhstan Cooperation Committee in Beijing, capital of China, Dec. 4, 2009.
BEIJING, Oct. 31 (Xinhua) -- China's top legislature closed Saturday its five-day bimonthly meeting, adopted a law on diplomatic personnel and appointed a new minister of education. The legislation, aiming to enhance diplomatic personnel management, is the first of its kind to regulate Chinese government agents working in the 171 countries with which China has diplomatic ties. Top legislator Wu Bangguo said the law clarified diplomats' duties and obligations as well as titles and ranks, which was "conducive to the implementation of the country's independent foreign policy." Wu presided over the 11th meeting of the Standing Committee of the 11th National People's Congress (NPC), the top legislature. The session also deliberated a draft amendment to the Electoral Law, which was enacted in 1953. Lawmakers considered granting equal representation in people's congresses to rural and urban people. Wu Bangguo, chairman of the Standing Committee of China's National People's Congress (NPC), the country's top legislature, presides over the closing meeting of the 11th meeting of the 11th NPC Standing Committee, in Beijing, Oct. 31, 2009. Wu delivered a speech at the meetingThe draft amendment echoed Communist Party of China (CPC) Central Committee General Secretary Hu Jintao, who proposed in a report to the 17th CPC National Congress in October 2007 that rural and urban areas should have equal rights in election of lawmakers. Wu said the revision was in line with the spirit of the 17th Party congress and the conditions of the country's economic and social development. It ensured equal representation among people, regions and ethnic groups. He said the draft amendment to the Electoral Law would be submitted to a bimonthly session in December and a NPC plenary session in March next year for a second and third reading. Wu also reviewed the NPC's supervisory work this year, especially on the 4-trillion-yuan, two-year stimulus package announced by the central government last November to revive the economy during a global economic slowdown. The meeting also announced the appointment of two senior officials. Yuan Guiren, in replacement of Zhou Ji, was appointed minister of education. Li Xiaofeng was appointed chief procurator of the military procuratorate under the People's Liberation Army to replace Gao Laifu. At the session, lawmakers also ratified a bilateral treaty on civil and commercial judicial assistance with Brazil.