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BEIJING, Sept. 15 (Xinhua) - China is still likely to meet its full-year inflation target this year despite the August inflation rate quickening to a 22-month high of 3.5 percent year on year, officials from the country' s top economic planer said Wednesday.In August, the consumer price index (CPI) rose mainly by increased prices of food products like pork and eggs, as the coming Mid-Autumn festival in China had boosted the consumption of food items, according to the National Development and Reform Commission (NDRC).Further, the price rise of vegetables due to seasonal reasons contributed to the August CPI increase, said the NDRC authorities.The upcoming autumn harvest, which accounts for about 70 percent of China's annual grain output, is expected to stabilize food prices, which have a one-third weighting in the calculation of the CPI, said the NDRC.The NDRC also revealed that China would place central pork reserves on the market, which means pork prices cannot rise higher.Further, the industrial consumer prices are remaining stable with a slight decline, and this is not conducive to inflation, according to the NDRC.These elements are assisting in the drop of the CPI through the rest of the year, and is helpful for China to attain its full year inflation target, it added.China has targeted a 3 percent rise in consumer prices this year.
BEIJING, Sept.14 (Xinhua) -- A delegation of the Communist Party of China (CPC) left here Tuesday to attend the 8th Congress of Ethiopian People's Revolutionary Democratic Front (EPRDF).The delegation, led by Zhang Xuan, an alternate member of CPC central committee and deputy secretary of CPC's Chongqing Municipal Committee, was invited by EPRDF, the Democratic Progressive Party of Malawi and the African National Congress of South Africa.The delegation will pay good-will visits to Malawi and South Africa after the Congress.
BEIJING, Sept. 16 (Xinhua) -- Chinese Vice Premier Wang Qishan has vowed to enhance trade cooperation with the U.S. state of Washington.He told visiting Washington Governor Christine Gregoire in Beijing Thursday that China was ready to boost friendly ties with Washington State, and deepen cooperation in trade and investment to increase mutual understanding and trust.Wang said a positive, cooperative and comprehensive China-U.S. relationship was in the fundamental interests of both peoples. Gregoire said Washington State wanted to strengthen substantial cooperation with China in areas such as aviation, information technology, agriculture and forestry. Chinese Vice Premier Wang Qishan (R) shakes hands with U.S. Wynn Resorts CEO Steve Wynn in Beijing, capital of China, Sept. 16, 2010.
BEIJING, Oct. 19 (Xinhua) -- The Communist Party of China (CPC) Central Committee recently held a meeting to solicit opinions and recommendations of non-Communist party members about the national development plan for the next half-decade, according to a statement Xinhua received Tuesday.At the meeting, Chinese President Hu Jintao, also General Secretary of the CPC Central Committee, briefed leaders of the non-Communist parties and the All-China Federation of Industry and Commerce, as well as other celebrities without party affiliations, on the drawing up of the documents of the Fifth Plenum of the 17th CPC Central Committee.In the communique, issued after the four-day plenum concluded Monday, the CPC set the development agenda for the next five years with key objectives to achieve breakthroughs in economic restructuring and improve living standards nationwide.Chairpersons of the eight non-Communist parties, the All-China Federation of Industry and Commerce, and Chen Zhu, the health minister who is not a member of any political party, said they agreed with the CPC Central Committee's overall concept and arrangement of the development plan for the next five years.They also made suggestions on issues, including the transformation of the economic growth mode, fostering emerging industries with strategic importance and improving China's innovative edge.After hearing their speeches, Hu said the CPC would earnestly study and adopt these opinions, and it would continue to expand and consolidate the patriotic united front to pool all forces that can be united to build a moderately prosperous society in an all-round way.In a separate meeting Tuesday, Du Qinglin, head of the United Front Work Department of the CPC Central Committee, explained the key points of the speeches by CPC General Secretary Hu Jintao and Chinese Premier Wen Jiabao at the plenum to leaders of the non-Communist parties and the All-China Federation of Industry and Commerce, as well as other celebrities without party affiliations.
ROME, Sept. 5 (Xinhua) -- China and Italy are working on a plan to expand their bilateral economic cooperation as the 40th anniversary of the establishment of the China-Italy diplomatic ties is just round the corner, said Chinese Ambassador to Italy Ding Wei on Saturday.The Chinese government is happy to see an enhanced and deepened economic ties between the two countries, said Ding while meeting with Adriano Luci, chairman of the industry association in Italy's northeastern city of Udine.He said Udine enjoyed a well-developed industrial capacity and saw ever-closer ties among Chinese and Italian firms.Ding hoped the association could encourage its member companies to champion the cooperation between Chinese enterprises and their Italian counterparts so as to materialize common development.Luci briefed Ding on Udine's industrial development, its companies' investment in China as well as their participation in the on-going Shanghai World Expo.He said he is willing to see the Italian and Chinese companies having more exchanges and further expanded areas of cooperation.According to Invitalia, the Italian official agency for promoting overseas investment and enterprise development, investment from Chinese companies in Italy has surged since 2000 and mainly goes to three main sectors, namely the automotive industry, logistics and machinery.Bilateral trade volume between China and Italy in the first half of 2010 registered a 36.3 percent rise compared to that of the same period last year, reaching some 20 million U.S. dollars.