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BEIJING, June 1 (Xinhua) -- China has promising growth prospects and should not be blamed for world imbalances, says Danny Quah, a renowned British economist."Emergency financing that was placed in the Chinese economy to counter the downturn from the 2008 global financial crisis was the right thing...The imbalances is a global problem, not a China problem," said Quah, a professor at the London School of Economics and Political Science.China did the right thing in infusing its economy with fiscal stimulus, Quah said in a recent interview with Xinhua.He also declined to describe the ballooning real estate prices as a bubble, pointing out "the strong fundamentals" of China's economy.He said the expansion of China's housing construction will be proved useful eventually, given the fact that "China is still engaging in the task of moving hundreds of millions of people from rural areas to urban China to continue to power its manufacturing and industrial progress.""So I would not describe it as a collapse of real estate bubble, we can look forward to a rationalization of housing and real estate prices," Quah said. "The improvement and expansion of housing stock will play an important role in continuing to move the Chinese economy forward.""I think Chinese fundamentals will continue to be strong. And a little bit of high inflation, as long as it doesn't break out into some kind of runaway high inflation, is probably no bad thing," he said. "We will get it under control again as the Chinese government did previously."On allegations that China deliberately keeps its currency RMB weak to obtain unfair advantages in trade with countries like the United States, Quah said people who draw such a false conclusion are misguided."The United States is running a trade deficit not just against China. It is running a trade deficit against almost 100 other countries," he said. "China is not unique in how it is exporting more to the United States than it's importing."The U.S. government was beginning to run a large trade deficit long before China's trade surpluses started grow, he added."If you take the ratio of China's bilateral trade surplus against the U.S. as a fraction of the U.S.' overall bilateral trade deficit against all of the countries, it has remained constant over the last 15, 20 years," Quah said.

BEIJING, May 3 (Xinhua) -- Newspapers and news agencies of many countries have lauded the outstanding organization of the 2010 World Expo in Shanghai.The expo is crowded with visitors but everything is in perfect order, said a report of Romania Press Agency on Sunday.The agency's reporter also heaped praise on the clean environment of Shanghai, saying that China is trying to show the image of a modernized city with a strong sense of environment protection through the Shanghai Expo.  People wait to visit pavilions in 2010 World Expo in Shanghai, China, May 3, 2010. The colorful umbrellas of visitors make a special scene in the 2010 World Expo

URUMQI, May 14 (Xinhua) -- Internet services were resumed in northwest China's Xinjiang Uygur Autonomous Region Friday, 10 months after a riot in Urumqi on July 5, the regional government said.In a document released by its press office, Xinjiang's regional government said Internet services were "fully resumed" in line with the region's needs for maintaining stability and boosting social and economic development.The move was also aimed at meeting the Xinjiang residents' requests for information, it said.Xinjiang has 7 million Internet users.The government expressed appreciation for the netizens' understanding and support when Internet connection, international long-distance calls and mobile phone text messages were cut in some areas of Xinjiang after the July 5 riot.Disruption of communication was aimed at cracking down on the riot quickly and prevent violence from happening again, as the riot was believed to have been orchestrated by separatists via the Internet, text message and long-distance telephone calls.Resumption of Internet services in Xinjiang has been a gradual process. Access to two leading news websites, xinhuanet.com and people.com.cn, was restored in December, followed by access to another two portal websites, sina.com.cn and sohu.com, on Jan. 10.Email services were resumed in March. International long-distance calls and mobile texting services have also been resumed gradually.

BEIJING, May 7 (Xinhua) -- Chinese Premier Wen Jiabao on Friday pledged to work with Bosnia and Herzegovina to enhance the bilateral relationship between the two nations."We should work together to achieve this goal based on mutual respect, equality and mutual benefit," Wen said during his talks with Nikola Spiric, chairman of the Council of Ministers of Bosnia and Herzegovina.Hailing the traditional friendship between the two nations, Wen said China respects the independence, sovereignty and territorial integrity of Bosnia and Herzegovina, and respects its peoples's choice of their development path.Wen hoped the western Balkan region would achieve lasting peace and stability.Wen said trade and economic cooperation between the two countries has good prospects. The Chinese government encourages reputable companies to invest in Bosnia and Herzegovina and to participate in its economic construction.He welcomed Bosnian enterprises to further develop the Chinese market and expand exports to China.Both sides should make joint efforts to promote cultural, educational and tourism exchanges to enhance mutual understanding between the two peoples and friendship, he said.Spiric thanked China for its valuable support and help.Bosnia and Herzegovina attached importance to China's development, and wished to strengthen its friendly and cooperative relations with the country, he said.Bosnia and Herzegovina is willing to maintain high-level exchanges with China and will continue to firmly support China in major issues concerning China's core interests.Spiric hoped to work with China to strengthen cooperation in economy and trade, infrastructure construction, education, cultural exchanges, and welcomed Chinese enterprises to invest in Bosnia and Herzegovina.Bosnia and Herzegovina welcomes Chinese people to visit the country, he added.After their talks, Wen and Spiric witnessed the signing of cooperation documents between the two countries.China's top political advisor Jia Qinglin met with Spiric later on Friday, applauding the country's adherence to the one-China policy.Jia, chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), said the CPPCC would increase exchanges and cooperation with the country's parliament, to contribute to the development of bilateral ties.Chinese vice premier Zhang Dejiang also met with Spiric Friday evening, hoping the two sides would expand cooperation in construction of highways and power plants.Spiric is the first prime minister of Bosnia and Herzegovina to visit China since the two countries forged diplomatic ties 15 years ago.Spiric will also visit Shanghai to attend the National Pavilion Day of Bosnia and Herzegovina, and tour Xi'an, capital of northwest China's Shaanxi province.

BEIJING, April 1 (Xinhua) -- Chinese President Hu Jintao will attend the Nuclear Security Summit on April 12 and 13 in Washington, Foreign Ministry spokesman Qin Gang said Thursday."China attaches importance to nuclear security, opposes nuclear proliferation and nuclear terrorism, and supports international cooperation," Qin said at a regular press briefing in Beijing.Leaders and representatives from more than 40 countries and some regional and international organizations, such as the European Union and the International Atomic Energy Agency, will take part in the conference."We hope the summit will achieve a consensus by all countries on nuclear security and yield positive results," Qin said.After the meeting, Hu will pay a state visit to Brazil and attend the second summit of the BRIC nations -- Brazil, Russia, India and China -- in Brasilia from April 14 to 17, Qin said.Hu will also pay a state visit to Venezuela on April 17 and 18, and make a working visit to Chile on April 18, Qin said.

来源：资阳报