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HANGZHOU, Oct. 29 (Xinhua) -- China and the United States said Thursday they would not stage any new trade protection measures against each other, a significant step which lays the groundwork for the presidential summit next month. "Both sides agreed on not introducing any new trade protection measures against each other as both vowed to oppose trade and investment protectionism and observe the related consensus of the G20 summit," Chinese Commerce Minister Chen Deming said later Thursday. Delegates attending the 20th China-US Joint Commission on Commerce and Trade (JCCT) pose for a group photo in Hangzhou, capital of east China's Zhejiang Province, Oct. 29, 2009. China and the United States on Thursday started their annual trade talks in Hangzhou. Chinese Vice Premier Wang Qishan co-chaired the meeting with Commerce Secretary Gary Locke and Trade Representative Ron Kirk of the United States. The JCCT began in 1983 as a platform for both countries to promote trade and address issues of mutual concernChen made the remarks at the end of the 20th China-U.S. Joint Commission on Commerce and Trade (JCCT) talks in China's eastern city of Hangzhou. The comments also came at a time of increasing China-U.S. trade disputes in the past months, involving Chinese tires, cement products, U.S. poultry and others. "The pledge is significant as it shows both countries' determination to dump punitive measures against each other and instead seek common prosperity," Niu Xinchun, a research fellow with China Contemporary International Studies Institute, told Xinhua. "As influential powers, China and the United States should stand firmly against all types of trade protectionism, promote both countries' economies and help lift the world out of recession," Chinese Vice Premier Wang Qishan told the opening session of the JCCT Thursday noon. Wang co-chaired the 20th JCCT talks with U.S. Commerce Secretary Gary Locke and U.S. Trade Representative Ron Kirk in a lakeside garden compound in the capital of east China's Zhejiang province. Locke highlighted the significance of this year's talks, saying it is the first JCCT meeting of President Obama's administration and comes a few weeks ahead of President Obama's first visit to China. Wang said President Obama's visit in mid November will "provide new opportunities for China-U.S. cooperation." "In a spirit of candor and understanding, hopefully both sides will discuss issues of mutual concern and achieve fruitful results at today's JCCT meeting," Wang said. "It is critical that we make definite, concrete, demonstrable progress today to demonstrate that U.S. and China can work together to achieve results from the JCCT," Locke said. Later Thursday, the U.S. commerce chief lauded the one-day JCCT talks as "successful," as both sides "made very significant progress on a number of issues." Locke said China will drop a requirement that most of the components of wind power-related equipment be made in China. "The United States agreed to delete some articles in its bill which limited China's poultry exports for six years," Chinese Minister of Agriculture Sun Zhengcai said in response to a Xinhua's question. In return, China will resume imports of pork products from the A/H1N1 flu-hit areas in the United States, Sun said. As for trade imbalance, China's commerce chief said both sides agreed at the JCCT talks that the solution was not to limit China's exports to the United States, but strike a balance by aggressively boosting bilateral trade.
BEIJING, Dec. 28 (Xinhua) -- Chinese Premier Wen Jiabao Monday asked auditors to keep a close eye on public investment projects to help avoid embezzlement and waste of public funds. Jerry-built projects and vanity projects should be strictly forbidden with the help of closer follow-up scrutiny of public funds, said the premier in a meeting with participants at a national auditing conference. The National Audit Office (NAO) statistics showed that altogether 234.7 billion yuan (34.51 billion U.S. dollars) of public funds have been misappropriated and 16.3 billion yuan wasted during the first 11 months this year. Chinese Premier Wen Jiabao (C, front), also a member of the Standing Committee of the Political Bureau of the Central Committee of the Communist Party of China, shakes hands with one of participants of the National Audit Work Conference and the Commendatory Convention for Outstanding Audit Units and Auditors, at the Great Hall of the People in Beijing, Dec. 28, 2009 Wen urged auditors to strengthen budget enforcement auditing in order to guarantee an open and transparent fiscal budget for governments at all levels. The premier said that auditing should shoulder the responsibility of safeguarding the country's economic security by detecting possible risks in economic operations. As for now, special attention should be paid to fiscal and financial risks, he said. He also called for giving full play to the role of auditing in the fight against corruption and severely cracking down on corruption. China carried out audit among more than 20,000 government officials including provincial level cadres and bosses of large state-owned enterprises this year. Cases involving 67 senior officials and 164 others were handed over to judicial authorities, said the NAO.
HOHHOT, Dec. 6 (Xinhua) -- China has invested more than 6.5 billion yuan (959 million U.S. dollars) to preserve grasslands in northern Inner Mongolia Autonomous Region, said the regional government. The money has been spent on returning grazing land to grassland, restoration of natural grassland and sand source control to prevent sandstorm. The efforts have helped reduce the area of degraded grasslands in Inner Mongolia to 500 million mu (33.5 million hectares) from 700 mu since 2000, it said in a statement. Since the end of the 1990s, successive droughts, overgrazing and inadequate funding on grassland protection have led to deterioration and desertification of the grasslands in the region. The region has set the goal of increasing the grasslands' vegetation coverage to 42 percent next year and 48 percent in 2015. The vast autonomous region, which has a grassland area of 1.3 billion mu, plays a key role in maintaining the country's ecological security, especially in preventing desert threat to Beijing and neighboring Tianjin.
KUALA LUMPUR, Nov. 10 (Xinhua) -- The China-Malaysia relationship is now at an important stage of opening up the future and faces a new opportunity for further development, Chinese President Hu Jintao said here Tuesday evening when meeting with Malaysian Supreme Head of State Mizan Zainal Abidin. At the welcoming banquet held by Mizan in Hu's honor, the two leaders expressed satisfaction with the good momentum in the development of bilateral ties, saying they are ready to work together to further deepen China-Malaysia cooperation so as to bring benefits to their people and make greater contribution to peace and development in the region. Chinese President Hu Jintao (C) and his wife Liu Yongqing pose with Malaysian Supreme Head of State Mizan Abidin (R) for a group photo during their meeting in Kuala Lumpur, Malaysia, Nov. 10, 2009Hu said that when profound and complicated changes had taken place in the region and consequences of the international financial crisis were still keenly felt, expanding strategic cooperation between China and Malaysia is not only in the common interests of both countries, but also conducive to regional stability and prosperity. Hu said China attaches great importance to the development of its relations with Malaysia, and is ready to work together with Malaysia to lift bilateral friendly cooperation to higher stages. Chinese President Hu Jintao (3rd L, front) exchanges gifts with Malaysian Supreme Head of State Mizan Abidin (4th L, front) after their meeting in Kuala Lumpur, Malaysia, Nov. 10, 2009Hu said China and Malaysia are good neighbors, friends and partners and that the two peoples share long history of friendly exchanges. Since the two countries established diplomatic ties 35 years ago, bilateral links have witnessed great progress, Hu said. With the two countries having established a strategically cooperative relationship, political mutual trust has been continuously deepened and economic and trade cooperation has yielded remarkable results, bringing substantial benefits to the two peoples, Hu added. Chinese President Hu Jintao (C, front) meets with Malaysian Supreme Head of State Mizan Abidin (R, front) in Kuala Lumpur, Malaysia, Nov. 10, 2009Hu said the two sides have expanded exchanges and cooperation in various areas such as education, culture and tourism, and the two peoples have also developed mutual understanding and friendship. The two countries have maintained close communication and coordination on major international and regional issues and have worked together to safeguard the interests and rights of the developing countries, he said. Mizan welcomes President Hu's visit to Malaysia, saying the two countries share time-honored friendship and close ties. Mizan said his country admires the achievement of the People's Republic of China over the past six decades since its founding. He said that since the establishment of diplomatic ties 35 years ago, the two countries have carried out pragmatic cooperation in a wide range of fields, including trade, investment, tourism, agriculture, education, science and technology. There have also been frequent exchanges of high-level visits and rapid growth of people-to-people contacts, said the Malaysian leader. It is very important for the two countries to step up bilateral economic cooperation amid the current global economic recession, he said. He noted that the two sides share common views and cooperate closely on many regional and international issues, which has served to safeguard the legitimate interests of the two countries and other developing countries. Malaysia appreciates China's consistent efforts to strengthen cooperation with the Association of Southeast Asian Nations (ASEAN), he said Malaysia and China have great potential to enhance their cooperation, he said, adding that further development of bilateral ties will be in the interests of both countries and contribute to peace and stability of the region. President Hu arrived in Kuala Lumpur Tuesday afternoon for a state visit to Malaysia at the invitation of Mizan. During his stay, Hu will also meet with Malaysian Prime Minister Najib Tun Razak and have extensive contact with people from various sectors of Malaysia.
URUMQI, Dec. 6 (Xinhua) -- A railway became operational Sunday in west China's Xinjiang Autonomous Region, which is expected to boost the transportation from China to central Asia and Europe, said local railway authorities. The railway, called Second Urumqi-Jinghe Line, runs 381.5 km and links the region's capital Urumqi and Jinghe county. It has a designed transportation capacity of 67.1 million tonnes, which is expected to grow up to 91.7 million tonnes in the future. With a designed speed of 120 km per hour, the railway cost 2.77 billion yuan, according to a statement from Xinjiang Railway Bureau. Jinghe is linked to Horgos and Alataw Pass, ports on the China-Kazakhstan border, by two other railways. One starts from Jinghe and ends at Horgos. The other runs from Urumqi through Jinghe to Alataw Pass. The launch of the new railway would greatly enhance China's transportation capacity to Kazakhstan and further into other countries in central Asia and Europe, the statement said.