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BEIJING, Sept. 11 -- Inflation eased to its lowest level in August since June last year, giving the government more policy leeway to prevent an economic slowdown.     The consumer price index (CPI), the main gauge of inflation, rose 4.9 percent year-on-year, compared to 6.3 percent in July, the National Bureau of Statistics (NBS) said yesterday.     The CPI has been sliding since May, but still many economists were caught by surprise by last month's drop because they had forecast it to be above 5 percent. The month-on-month fall was only 0.1 percent.     But last month's producer price index (PPI), a gauge of factory gate inflation, rose a record 10.1 percent year-on-year, after jumping 10 percent in July.     Nevertheless, the low CPI figure gives the government "more policy room to sustain growth," Citigroup economist Ken Peng said.     He suggested the authorities consider further policy changes favoring growth, which could shift to full gear next month.     Economic growth has been slowing since the second quarter of last year, when the government adopted monetary and credit measures to rein in inflation and prevent the economy from overheating further.     Yet economists began warning of a recession since the beginning of this year, especially because the country's export sector, a key growth engine, started losing steam on weaker foreign demand.     The government responded it would strive to maintain a stable economic growth this year, leading to speculation that it would soon ease the tightening measures. But any step to stimulate the economy, such as lower interest rates or faster loan growth, risks spurring demand and stoking inflation again.     "Unless there's an abrupt slowdown, there's no need for a major change in the marco-control measures," said Lian Ping, an economist with the Bank of Communications. "The current 10 percent GDP growth is largely seen as acceptable."     The CPI rise is likely to stabilize around 5 percent during the rest of the year, he said, because food prices may continue to drop. Inflation fell last month mainly because of a drop in food prices, which make up one-third of the inflation basket. Food prices slid 0.4 percent from July.     A falling inflation rate gives the government a good chance to lift its price control on products such as fuel, water, and electricity further, Lehman Brothers economist Sun Mingchun said.     In the past year, policymakers have managed to freeze the prices of public utilities, and fuel and power tariff. They introduced temporary price curbs on some other goods, too, to rein in inflation.     Yet soaring labor and raw material costs, reflected in the rising PPI figure, have eaten into the profit of local enterprises because price control and fierce competition prevented them from passing the inflationary pressure on to consumers.     Such price liberalization could make the CPI rise again in the next few months, Sun said.     "But if implemented in a gradual and orderly way, inflation should remain below 6 percent year-on-year during the rest of the year."

BEIJING, Oct. 12 (Xinhua) -- A high-profile meeting of the Communist Party of China (CPC) ended on Sunday by concluding that the overall situation of the country's economy was good and the dynamic of economic growth remained unchanged.     "The country's overall economic situation is good. The economy is growing quickly and the financial sector is operating steadily. The basic momentum of the country's economy remains unchanged," said a communique released at the close of the third Plenary Session of the 17th CPC Central Committee. Photo taken on Oct. 12, 2008, shows participants listening during the third Plenary Session of the 17th Communist Party of China (CPC) Central Committee, which was held from Oct. 9 to 12 in BeijingThe four-day meeting focused on issues concerning rural reform and development.     The communique said all Party members should strengthen awareness of crises and face up to challenges as more uncertain and unstable factors emerged in the international economic climate amid deepening financial market turmoil and the slowdown of the world economy.     In the meantime, China's domestic economy featured some notable contradictions and problems, it said. "The most important thing is to do well in the country's own business.     "We should make flexible and careful macro-economic policies. We should step up efforts to boost domestic demand, particularly domestic consumption and keep the economy, the financial sector and the capital market stable.     "We should continue keeping social stability and pushing the country's economy towards sound and fast development," it said.     The meeting also came at a time when the outlook of the world economy became increasingly grim as a result of a serious global financial crisis.     This meeting was significant because it was the third Plenary Session of the 11th CPC Central Committee 30 years ago that pushed the country on to the road of its historic reform and opening-up drive.

HARBIN, Aug. 30 (Xinhua) -- Top Chinese political advisor Jia Qinglin on Saturday urged new social and economic development in northeast China's Heilongjiang province, in accordance with the country's strategy to revitalize the old industrial base.     Jia, chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), made the requirement during an inspection tour of Heilongjiang from Aug. 26 to 30. He visited local farms, enterprises and research institutes.     He said Heilongjiang, the country's largest production base of commodity grain, should make more efforts on grain production, by further increasing agricultural input and infrastructure construction. Jia Qinglin (C), chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), visits a farm in Harbin, capital of northeast China's Heilongjiang Province, Aug. 29, 2008, during his inspection tour in Heilongjiang from Aug. 26 to 30    In addition, the province should promote the development of agricultural science and technology, and further arouse farmers' initiatives for farming.     Meanwhile, Heilongjiang, as one of China's important industrial bases, should invigorate its equipment manufacturing industry, to make more contributions to the country's industrialization and national defense.     Jia, also a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, showed great concerns on local ethnic minorities' lives, saying the government should continue to help them lead harmonious and happy lives. Jia Qinglin (2nd R, front), chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), visits the Harbin Boiler Company in Harbin, capital of northeast China's Heilongjiang Province, Aug. 29, 2008, during his inspection tour in Heilongjiang from Aug. 26 to 30.

TOKYO, May 7 (Xinhua) -- Chinese President Hu Jintao and Japanese Prime Minister Yasuo Fukuda signed here Wednesday a six-point Sino-Japanese joint statement on all-round promotion of their strategic and mutually beneficial relations.     BILATERAL RELATIONS     Both sides agree that the Sino-Japanese relationship is one of the most important bilateral ties for both countries. China and Japan have great influence and shoulder solemn responsibilities for peace, stability and development in the Asia-Pacific region and the world at large.     Long-term peaceful and friendly cooperation is the only choice of the two countries. Both sides are dedicated to promoting a strategic and mutually beneficial relationship in an all-round way to realize the lofty goal of peaceful coexistence, friendship from generation to generation, mutually beneficial cooperation and common development. Chinese President Hu Jintao (L) shakes hands with Japanese Prime Minister Yasuo Fukuda after they signed a joint statement in Tokyo, capital of Japan, May 7, 2008. Visiting Chinese President Hu Jintao and Japanese Prime Minister Yasuo Fukuda signed the Sino-Japanese joint statement on advancing strategic and mutually beneficial relations on May 7.    POLITICAL BASIS FOR STABLE DEVELOPMENT OF RELATIONS     Both sides reiterate that the China-Japan Joint Statement issued on Sept. 29, 1972, the China-Japan Treaty of Peace and Friendship signed on Aug. 12, 1978, and the China-Japan Joint Declaration released on Nov. 26, 1998 constitute the political basis for the stable development of Sino-Japanese relations and the opening up of a bright future.     The two sides reaffirm their continuous adherence to the consensus reached in joint press communiques between Oct. 8, 2006 and April 11, 2007 and their commitment for the comprehensive implementation of the consensus.     NEW SITUATION OF SINO-JAPANESE RELATIONS     The two sides agree to face history squarely, look forward to the future and make continuous joint effort to open up new prospect in their strategic mutually beneficial relations. The two sides will continue to build up mutual understanding and trust, expand mutually beneficial cooperation, and make sure that the future development of Sino-Japanese relations conforms with the trend of the world's development, and jointly create a bright future for Asia-Pacific region and the world at large.     COOPERATIVE PARTNERSHIP     The two countries reaffirm that they are cooperation partners, with neither side posing threat to the other. Both countries reiterate that they will support each other in its peaceful development and both are convinced that China and Japan, with both countries committed to peace and development, will bring enormous opportunities and benefits to Asia and the world.     Japan highly evaluates China's development since its reforms and opening-up and its commitment to contribute to building a world of lasting peace and common prosperity. While China speaks highly of Japan's adherence to the path of a peaceful country in the past six decades and more since World War II and its contribution, through peaceful means, to world peace and stability.     Both sides agree to strengthen dialogue and communication on the U.N. reform and seek more consensus. China values Japan's status and role in the United Nations and is willing to see Japan play a bigger and more constructive role in international affairs.     ISSUE OF TAIWAN     Japan reiterates adherence to its stance declared in the Japanese-Sino Joint Statement on the Taiwan issue.     ALL-AROUND COOPERATION     Both sides agree to a mechanism for high-level regular visits between leaders of the two nations, strengthen communication and dialogue between the governments, parliaments and political parties of the two countries, enhance exchange of views on bilateral ties, domestic and foreign policies, and the world situation. The two sides will also increase the exchange of high-level visits in the security sector to promote mutual understanding and trust.     The two sides pledge to expand the exchanges of media, sister cities, sports and civilian groups between the two countries, and consistently promote exchanges of youngsters in a bid to enhance mutual understanding between the two peoples.     Both sides decide to strengthen mutually beneficial cooperation in various fields, including energy, environment, trade, investment, information and communication technology, finance, food and product safety, protection of intellectual property rightand business environment.     They are also keen on the development of bilateral cooperation in farming, forestry, fishery, transportation, tourism, water resources, medical care and others sectors.     Japan and China will make an effective use of the summit economic talks between the two countries proceeding from a strategic perspective.     The two nations also pledge to work together and make the East China Sea a sea of peace, cooperation and friendship.     The two sides agree that China and Japan, as two important countries in the Asia-Pacific region, will keep close communication over regional affairs and strengthen coordination and cooperation.     The two sides decide to jointly safeguard peace and stability in Northeast Asia and facilitate the process of six party-talks.     The two sides agree that the normalization of relations between Japan and the Democratic People's Republic of Korea is of great significance for peace and stability in Northeast Asia. China welcomes and supports the two countries efforts to resolve relevant issues and realize normalization of their bilateral ties.     The two sides agree to promote regional cooperation in East Asia and contribute to building a peaceful, prosperous, stable and open Asia in line with the principle of opening-up, transparency and tolerance.     Noting that they bear greater responsibilities for world peace and development in the 21st century, the two countries are ready to enhance coordination over important international issues in a joint effort to build a world of lasting peace and common prosperity.     The two sides decide to cooperate in coping with climate change after 2012 within the framework of the United Nations Framework Convention on Climate Change and in line with the principle of "common but differentiated responsibilities and respective capabilities" and the Bali Roadmap.

BEIJING, Sept. 8 (Xinhua) -- A reception was given here Monday to mark the 60th anniversary of the founding of the Democratic People's Republic of Korea (DPRK). Chinese top political advisor Jia Qinglin attended the event.     Jia, chairman of the National Committee of the Chinese People's Political Consultative Conference, congratulated the DPRK on the anniversary, hailing the DPRK's economic and social achievements over the past six decades.     "We are wholeheartedly glad to see it, and hope to see the DPRK and its people score bigger achievements in their future national construction," Jia said at the opening of the reception. Jia Qinglin (L), chairman of the National Committee of the Chinese People's Political Consultative Conference, toasts with Choe Jin Su, ambassador of the Democratic People's Republic of Korea (DPRK) to China, during a reception at the DPRK Embassy in Beijing, capital of China, Sept. 8, 2008. DPRK Ambassador to China Choe Jin Su held the reception on Sept. 8 to celebrate the 60th anniversary of the founding of the Democratic People's Republic of KoreaThe senior Chinese leader also highlighted the traditional friendship between China and the DPRK, vowing that China will continue to make joint efforts with the DPRK to push forward the bilateral relations to a new level.     Choe Jin Su, DPRK ambassador to China, said that the DPRK highly values its ties with China and will join with China to further promote relations, especially at the 60th anniversary of the establishment of the bilateral diplomatic relationship next year.     He also expressed his congratulations on the success of the Beijing Olympic Games.

来源：资阳报