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BEIJING, Jan. 16 (Xinhua) -- Chinese Premier Wen Jiabao Saturday stressed food and heating supply as cold snap has driven up vegetable prices and strained coal and gas supplies in north China. Wen urged local government to pay attention to the produce, transport and storage of vegetables when visiting a produce wholesale market in the suburbs of Beijing. "Only when food supply is enough and the prices are stable, will people feel at ease," said Wen. Chinese Premier Wen Jiabao, who is also a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, talks with local residents at a supermarket during his inspection in Beijing, Jan. 16, 2010. Accompanied by Beijing's Party chief Liu Qi, Wen also went to a heating plant in Fengtai District and inquired about emergency response heating plan in case of extremely cold weather. He asked local officials to secure the power, gas and coal supply to Beijing and said that energy supply should follow the principle of civil use first and industrial use second. Wen also visited several ordinary Beijing families, who just moved into new houses with government subsidy. Beijing municipal government has rebuilt and repaired nearly 500,000-square-meter old houses for 23,000 households. The municipal government planed to solve housing problems for about 280,000 low-income families in three years.
CHICAGO, March 17 (Xinhua) -- A stronger RMB would not be a tonic for the U.S. economy or manufacturing and it would be a huge mistake to raise tariffs on imports from China to force a change in the yuan, says a U.S. trade expert on Tuesday.Daniel Griswold is director of the Center for Trade Policy Studies at the Cato Institute, a non-profit public policy research foundation headquartered in Washington, D.C. He is also the author of a new book, Mad about Trade: Why Main Street America Should Embrace Globalization.The trade expert told Xinhua during an exclusive interview, " China has been moving in the right direction since 2005 by allowing the currency to appreciate. Threats from the U.S. government actually make it more difficult for the Chinese government to resume appreciation because it would look as though Beijing was giving in to foreign pressure."Griswold pointed out that a stronger yuan would not be a tonic for the U.S. economy or manufacturing. "China would remain competitive in a broad range of manufactured products even if the yuan were 25 percent higher. The dollar depreciated sharply against the currencies of Canada and the Eruozone after 2002, yet our bilateral deficit with both those regions continued to grow," he added.New York Times' Nobel laureate economist, Paul Krugman, recommended in his latest column that the U.S. impose a 25 percent tariff on Chinese imports unless China appreciates its currency Renminbi. Griswold considers it a huge mistake to raise tariffs on imports from China to force a change in the yuan.Regarding President Barack Obama's new export push to double the U.S. export in the next five years, Griswold believes this goal will raise false expectations.He noted: "The goal will be difficult to realize. It hasn't been done since the 1970s, and that was driven in large part by inflation. It also depends on robust growth abroad, which is beyond the control of even this president. Faster export growth would be good for the U.S. economy, but it will not put much of a dent in high unemployment."When asked what the U.S. government should do to increase its export, the trade expert advised, "the single best policy to promote exports would be for the U.S. government to set a good example by resisting protectionism in our own market."He further explained, "U.S. companies are currently facing sanctions from Mexico, Brazil and other countries because we have failed to live up to our commitments in the WTO and the North American Free Trade Agreement. We are losing export opportunities abroad because Congress has failed to enact trade agreements with South Korea and Colombia, and the administration has failed to exercise leadership in WTO negotiations."In January the U.S. government data showed that the gap between what Americans sell abroad and what they import narrowed unexpectedly. While the usual crowd hailed it as an "improvement," Griswold believes that the numbers point to the slow growth of demand at home and abroad.He said: "We shouldn't read too much into the monthly trade numbers. The smaller-than-expected trade deficit in January could be a warning sign that the economic recovery remains sluggish. Exports were down, and imports down even further."When commenting on the U.S.-China trade relations, Griswold said, "U.S.-China relations remain fundamentally sound. Our commercial relationship is mutually beneficial and among the most important in the world."He further remarked, "American families benefit from affordable consumer products from China, while U.S. companies benefit from exports to China. And all Americans benefit from lower interest rates from Chinese investment in U.S. Treasury bonds." He noted that "the confrontational attitude of the Obama administration is driven almost entirely by domestic politics."Griswold's new book, Mad about Trade: Why Main Street America Should Embrace Globalization, is a spirited defense of free trade which tells the underreported story of how a more global U.S. economy has created better jobs and higher living standards for American workers.Since joining Cato in 1997, Mr. Griswold has authored major studies on globalization, trade, and immigration. He's written articles for major newspapers, appeared on CNBC, C-SPAN, CNN, PBS, and Fox News, and testified before House and Senate committees.
BEIJING, Feb. 28 (Xinhua) -- The 11th Panchen Lama Bainqen Erdini Qoigyijabu was among 13 people who on Sunday became new members of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), the country's top advisory body.Their memberships were approved by a meeting of the Standing Committee of the CPPCC National Committee, which closed on Sunday.The three-day meeting also appointed Qian Yunlu as secretary-general for the third session of the 11th CPPCC National Committee and 21 others as vice secretary-generals. The 11th Panchen Lama Bainqen Erdini Qoigyijabu (front R) attends the 8th National Congress of the China Buddhism Association in Beijing, capital of China, on Feb. 1, 2010.The annual session will begin on March 3.
BEIJING, Feb. 17 (Xinhua) -- The number of railway passengers rebounded sharply in China on Tuesday as more people started their return trips after Spring Festival family reunions, the Ministry of Railways said Wednesday.Passengers wait to take their trains inside a makeshift waiting room at a railway station in Nanchang, capital of east China's Jiangxi Province, Feb. 17, 2010. The railway station of Nanchang met its transport peak on Wednesday as large numbers of returning tourists went by trains here.Statistics from the ministry show China's railways served 4.185 million passengers on Tuesday, up 689,000 or 9.8 percent from the previous day.To cope with the increased demand for seats, the ministry added 238 special trains to ease the traffic, of which 64 were long-distance trains.People wait for their buses at a long-distance bus station in Jinan, capital of east China's Shandong Province, Feb. 17, 2010. Jinan met its medium and short-distance Spring Festival travel peak on Wednesday with most of the travelers going by long-distance buses to visit their relatives.The ministry predicts the travel peak days will probably be Feb. 19 and 20, as more and more passengers start their return trip. The ministry said it is closely watching the passenger flow situation and will adopt appropriate measures to meet passenger demand.Meanwhile, statistics from the Ministry of Transport (MOT) show that on Tuesday the country's roadways carried 28.1 million passengers, increasing 1.8 million or 12.6 percent from the previous day, while from Feb. 13 to 16 the combined figure was 127 million, up 10.8 percent from the same period last year.The MOT said that the country's roadways carried a total number of 32.5 million passengers on Wednesday, up 9.7 percent year on year.Wednesday MOT figures revealed that China's waterways were forecast to carry 780,000 passengers, down 2.5 percent year on year.The country's roadways were already ready for more passengers' long-distance return trip, as the one-week Spring Festival holiday was near its end, said He Jianzhong, a spokesman with the MOT.The Spring Festival, also known as the Chinese Lunar New Year, is China's most important annual festival. It is an occasion for reunions of family members, relatives and friends.
BEIJING, March 5 (Xinhua) -- China budgets 1.05 trillion yuan (154.4 billion U.S. dollars) of fiscal deficit this year to support economic growth as government revenue will fall significantly short of expenditures, says a government work report to be delivered by Premier Wen Jiabao at the parliament's annual session Friday.The government vowed to keep the debt at "appropriate" level. The total deficit consists of 850 billion yuan in central government deficit and 200 billion yuan in local government bonds, which will be included in local government budgets, reads the report, which was distributed to the media before the opening of the Third Session of the 11th National People' s Congress (NPC). The Third Session of the 11th National People's Congress (NPC) opens at the Great Hall of the People in Beijing, capital of China, March 5, 2010The government will continue to implement the policy of structural tax reductions to expand domestic demand and promote economic restructuring.It will also keep running the package plan for dealing with the global financial crisis, and increase spending to complete work on projects now under construction, improve people's well-being and maintain stability.According to calculation of the Ministry of Finance, the planned budget will take up about 2.8 percent of the GDP.China's fiscal deficit hit 950 billion yuan last year, a record high in six years, but still less than 3 percent of GDP.