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BEIJING, Oct. 18 (Xinhua) -- China should pay more attention to its grain security in rural reform, said Jia Qinglin, the country's top political advisor, here on Saturday. It should be a top priority to maintain grain production when the country develops modern agriculture, said Jia, chairman of Chinese People's Political Consultative Conference (CPPCC) National Committee, when the third meeting of the CPPCC National Committee's Standing Committee concluded here. "China should stick to the most strict system to protect farming land." During the four-day meeting, senior political advisors reviewed the decision on rural development and reform made at the third Plenary Session of the 17th Communist Party of China (CPC) Central Committee. They exchanged views and presented valuable ideas on rural reform, said a statement issued after the meeting. "We should realize new situations and problems China faces in rural economic and social development, as well as urgency and responsibility to push forward rural reform," Jia said. The CPPCC would work on proposals on system building, agriculture and public service development in rural areas. He also asked political advisors to watch and study the global financial turmoil's impact on the domestic economy and contribute their talent to the administration.
ATHENS, Nov. 24 (Xinhua) -- Chinese President Hu Jintao flew into Athens Monday for a state visit to Greece, which he said would be successful with the joint efforts by the Chinese side and the Greek side. "In recent years, the China-Greece comprehensive strategic partnership has been consolidated continuously with increased exchanges and expanded cooperation in all sectors," said President Hu in a written speech issued upon his arrival at the airport. He said that China attaches great importance to the development of its relations with Greece and will work together with the Greek side for the even better ties in the future. Chinese President Hu Jintao (R, front) is welcomed by Greek Prime Minister Costas Karamanlis upon his arrival in Athens, capital of Greece, on Nov. 24, 2008. Hu Jintao arrived in Athens Monday for a state visit. The Chinese leader said that he is looking forward to in-depth exchange of views with Greek leaders on bilateral ties and other important issues. "With the joint efforts of both sides, I believe, my current visit would be successful and would further boost the China-Greece comprehensive strategic partnership" he added. Since China and Greece established diplomatic ties 36 years ago, bilateral relations have developed smoothly. In January 2006, the two countries agreed to forge a comprehensive strategic partnership. Since then, the Sino-Greek relationship has entered a new development stage. The two countries have maintained frequent high-level exchanges, deepened mutual political trust, expanded economic and trade cooperation. In 2007, the bilateral two-way trade was recorded at 3.4 billion U.S. dollars, and in the first seven months of this year it reached 2.4 billion dollars. In June this year, Greek President Karolos Papoulias visited China and had talks with President Hu. The two sides reached broad consensus on further expanding exchanges and cooperation in all areas and deepening China-Greece comprehensive strategic partnership. President Hu, who arrived in Athens from the Peruvian capital of Lima, is on the last leg of a five-nation trip. He has already attended the G20 summit on financial markets and the world economy in Washington and the Economic Leaders' Informal Meeting of the Asia-Pacific Economic Cooperation (APEC) forum in Lima, and paid state visits to Costa Rica, Cuba and Peru. Chinese President Hu Jintao and his wife Liu Yongqing arrive in Athens, capital of Greece, on Nov. 24, 2008. Hu Jintao arrived in Athens Monday for a state visit.

ATHENS, Nov. 24 (Xinhua) -- Chinese President Hu Jintao flew into Athens Monday for a state visit to Greece, which he said would be successful with the joint efforts by the Chinese side and the Greek side. "In recent years, the China-Greece comprehensive strategic partnership has been consolidated continuously with increased exchanges and expanded cooperation in all sectors," said President Hu in a written speech issued upon his arrival at the airport. He said that China attaches great importance to the development of its relations with Greece and will work together with the Greek side for the even better ties in the future. Chinese President Hu Jintao (R, front) is welcomed by Greek Prime Minister Costas Karamanlis upon his arrival in Athens, capital of Greece, on Nov. 24, 2008. Hu Jintao arrived in Athens Monday for a state visit. The Chinese leader said that he is looking forward to in-depth exchange of views with Greek leaders on bilateral ties and other important issues. "With the joint efforts of both sides, I believe, my current visit would be successful and would further boost the China-Greece comprehensive strategic partnership" he added. Since China and Greece established diplomatic ties 36 years ago, bilateral relations have developed smoothly. In January 2006, the two countries agreed to forge a comprehensive strategic partnership. Since then, the Sino-Greek relationship has entered a new development stage. The two countries have maintained frequent high-level exchanges, deepened mutual political trust, expanded economic and trade cooperation. In 2007, the bilateral two-way trade was recorded at 3.4 billion U.S. dollars, and in the first seven months of this year it reached 2.4 billion dollars. In June this year, Greek President Karolos Papoulias visited China and had talks with President Hu. The two sides reached broad consensus on further expanding exchanges and cooperation in all areas and deepening China-Greece comprehensive strategic partnership. President Hu, who arrived in Athens from the Peruvian capital of Lima, is on the last leg of a five-nation trip. He has already attended the G20 summit on financial markets and the world economy in Washington and the Economic Leaders' Informal Meeting of the Asia-Pacific Economic Cooperation (APEC) forum in Lima, and paid state visits to Costa Rica, Cuba and Peru. Chinese President Hu Jintao and his wife Liu Yongqing arrive in Athens, capital of Greece, on Nov. 24, 2008. Hu Jintao arrived in Athens Monday for a state visit.
BEIJING, Jan. 22 (Xinhua) -- China's economy cooled to its slowest pace in seven years in 2008, expanding 9 percent year-on-year as the widening global financial crisis continued to affect the world's fastest-growing economy, official data showed Thursday. Gross domestic product (GDP) reached 30.067 trillion yuan (4.4216 trillion U.S. dollars) in 2008, Ma Jiantang, director of the National Bureau of Statistics (NBS), told a press conference. The 9-percent rate was the lowest since 2001, when an annual rate of 8.3 percent was recorded, and it was the first time China's GDP growth fell into the single-digit range since 2003. The year-on-year growth rate for the fourth quarter slid to 6.8 percent from 9 percent in the third quarter and 9.9 percent for the first three quarters, according to Ma. Graphics shows China's gross domestic product (GDP) in the year of 2008, released by the National Bureau of Statistics (NBS) on Jan. 22, 2009. China's GDP reached 30.067 trillion yuan (4.4216 trillion U.S. dollars) in 2008, expanding 9 percent year-on-year. Economic growth showed "an obvious correction" last year, but the full-year performance was still better than other countries affected by the global financial crisis, said Zhang Liqun, a researcher with the Development Research Center of the State Council, or cabinet. He attributed the fourth-quarter weakness to reduced industrial output as inventories piled up amid sharply lower foreign demand. Exports, which accounted for about one-third of GDP, fell 2.8 percent year-on-year to 111.16 billion U.S. dollars in December. Exports declined 2.2 percent in November from a year earlier. Industrial output rose 12.9 percent year-on-year in 2008, down 5.6 percentage points from the previous year, said Ma. SEEKING THE BOTTOM Government economist Wang Xiaoguang said the 6.8-percent growth rate in the fourth quarter was not a sign of a "hard landing," just a necessary "adjustment" from previous rapid expansion. "This round of downward adjustment won't bottom out in just a year or several quarters but might last two or three years, which is a normal situation," he said. A report Thursday from London-based Standard Chartered Bank called the 6.8-percent growth in the fourth quarter "respectable" but said the data overall presented "a batch of mixed signals." It said: "We probably saw zero real growth in the fourth quarter compared with the third quarter, and it could have been marginally negative." The weakening economy has already had an impact on several Chinese industrial giants. Angang Steel Co. Ltd. (Ansteel), one of the top three steel producers, said Wednesday net profit fell 55 percent last year as steel prices plunged. It cited weakening demand late in the year. However, officials and analysts said some positive signs surfaced in December, which they said indicated China could recover before other countries. December figures on money supply, consumption, and industrial output showed some "positive changes" but whether they represented a trend was unclear, said Ma. Outstanding local currency loans for December expanded by 771.8 billion yuan, up 723.3 billion from a year earlier, according to official data. Real retail sales growth in December accelerated 0.8 percentage points from November to 17.4 percent. Industrial output also accelerated in December, up 0.3 percentage points from the annual rate of November. Wang Qing, Morgan Stanley Asia chief economist for China, said GDP growth would hit a trough in the first or second quarter. China will perform better than most economies affected by the global crisis and gradually improve this year, he said. Zhang also predicted the economy will touch bottom and start to recover later this year, depending on the performance in January and February. Zhang forecast GDP growth of more than 8 percent for 2009, based on the assumption that domestic demand and accelerating urbanization would help cushion China from world economic conditions. Wang Tongsan, an economist with the Chinese Academy of Social Sciences, said whether GDP growth exceeds 8 percent this year depends on how the world economy performs and how well the government stimulus policies are implemented. Ma characterized the "difficulties" China experienced in the fourth quarter as temporary, saying: "We should have the confidence to be the first country out of the crisis." Overall, the economy maintained good momentum with fast growth, stable prices, optimized structures and improved living standards, said Ma. China's performance was better than the average growth of 3.7 percent for the world economy last year, 1.4 percent for developed countries and 6.6 percent for developing and emerging economies, he said, citing estimates of the International Monetary Fund. "With a 9-percent rate, China actually contributed more than 20 percent of global economic growth in 2008," said Ma. He said the industrial structure became "more balanced" last year, with faster growth of investment and industrial output in the less-developed central and western regions than in the eastern areas. Meanwhile, energy efficiency improved: energy intensity, the amount of energy it takes to produce a unit of GDP, fell 4.21 percent year-on-year in 2008, a larger decrease than the 3.66 percent recorded in 2007, said Ma. WORRIES ABOUT CONSUMPTION A slowing economy poses a concern for the authorities, which they have acknowledged several times in recent weeks, as rising unemployment could threaten social stability. It could also undermine consumer spending, which the government is counting on to offset weak external demand. The government has maintained a target of 8 percent annual economic growth since 2005. China announced a 4 trillion-yuan economic stimulus package in November aimed at boosting domestic demand. Retail sales rose 21.6 percent in 2008, 4.8 percentage points more than in 2007, said Ma. Ma said he believed domestic consumption would maintain rapid growth as long as personal incomes continue to increase and social security benefits improve. Urban disposable incomes rose a real 8.4 percent last year, while those of rural Chinese went up 8 percent, he said. Analysts have warned that consumption could be affected if low rates of inflation deteriorate into outright deflation and factory closures result in more jobless migrant workers. The urban unemployment rate rose to 4.2 percent at the end of 2008, up 0.2 percentage point year-on-year. Ma said about 5 percent of 130 million migrant workers had returned to their rural homes since late 2008 because their employers closed down or suspended production. Other officials have said that 6.5 percent or even 10 percent of migrant workers have gone home after losing their jobs.
WUHAN, Jan. 14 (Xinhua) -- Former U.S. President Jimmy Carter said Wednesday he believes the incoming administration of President-elect Barack Obama will expand common interests of the United States and China. Carter, 84, flew to central China's Hubei Province after attending a series of events in Beijing to mark the 30th anniversary of China-U.S. diplomatic ties. Former U.S. President Jimmy Carter (2nd L, front) and his wife (3rd L, front) pose in front of a local medical center at a village in Hong'an County, central China's Hubei Province, on Jan. 14, 2009. He visited a memorial hall for Li Xiannian, who was Chinese president from June 1983 to April 1988. The memorial hall is located in Hong'an County, the hometown of Li. Carter said the two countries had witnessed rapid growth in cooperation, and U.S.-China ties had become the most important bilateral link in the world. Meeting with Hubei Governor Li Hongzhong, Carter said he felt very proud of the decision with former Chinese leader Deng Xiaoping to resume ties. Former U.S. President Jimmy Carter (L) receives a souvenir from Li Hongzhong, governor of Hubei Province, in Wuhan, capital of central China's Hubei Province, on Jan. 14, 2009. Carter said a deeper U.S.-China friendship helped to maintain peace and stability in the whole world. He said China's reform and opening-up policy brought about dramatic changes, creating an economic miracle. Deng Xiaoping and other Chinese leaders had indeed changed China with their wisdom. Calling Carter an old friend of the Chinese people, the governor appreciated the former U.S. president's important role in forging bilateral ties. He called for closer economic and cultural cooperation between both countries. Carter is scheduled to fly to Shanghai on Thursday.
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