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BEIJING, June 10 (Xinhua) -- Chinese Vice Premier Wang Qishan met with visiting chairman of the U.S. Economic Recovery Advisory Board Paul Volcker here Wednesday when they saw eye-to-eye on stepping up dialogue and cooperation. During the meeting, they agreed to make concerted efforts to develop the Sino-American "positive, cooperative and comprehensive relationship for the 21st century", which Chinese President Hu Jintao and his U.S. counterpart Barack Obama agreed to build during their meeting in London in April. Chinese Vice Premier Wang Qishan (R) meets with Paul Volcker (L), chairman of the U.S. Economic Recovery Advisory Board, during their meeting in Beijing, capital of China, on June 10, 2009. They also exchanged views on the current global economic and financial situation, and both of them acknowledged that economies of the two countries are increasingly interdependent. Volcker, who took office in February as head of the newly formed organization, has served as Chairman of the Federal Reserve under President Jimmy Carter and Ronald Reagan's administrations. The veteran central banker reportedly accomplished to tame raging inflation in the 1980s by raising interest rates and restricting the money supply. China and the United States are recently keeping close communication on issues of common concerns. Speaker of the U.S. House of Representatives Nancy Pelosi visited China in late May. Following her heels, delegations of U.S. congress, Treasury Secretary Timothy Geithner and several other senior U.S. officials also paid visits to China, to seek cooperation with China in fields such as climate change and combating financial crisis.
SINGAPORE, May 15 (Xinhua) -- China Aviation Oil said on Friday that its net profit in the first quarter of this year fell by 54.6 percent on-year to 4.1 million U.S. dollars. The company said in a statement that revenue fell by 34.8 percent to 655.6 million U.S. dollars in the first quarter of 2009 over the same period last year. The company said the drop was mainly due to lower jet fuel prices in the first quarter of this year, adding that it will continue to take a cautious approach to its trading activities during the global downturn.
UNITED NATIONS, June 15 (Xinhua) -- China on Monday called for the peaceful resolution of the Iranian nuclear issue through diplomatic negotiations. La Yifan, minister-counselor of China's Permanent Mission to the UN, told a Security Council meeting that China has always called for resolving the Iranian nuclear issue through diplomatic negotiations in a peaceful manner. "China always believes that resolving this issue through diplomatic means is in the interest of peace and security in the Middle East and is in the common interest of the international community," he said. La said China is ready to continue to play a constructive role in this regard. At present, "rare opportunities" exist with regard to the restart of the negotiations with Iran over the nuclear issue, he said. La called on Iran to strengthen its cooperation with the International Atomic Energy Agency (IAEA) to resolve outstanding issues as early as possible. He also urged the international community to seize the opportunity to intensify diplomatic efforts so as to ensure an early start of the negotiations.
SHIJIAZHUANG, July 6 (Xinhua) -- Chinese top political advisor Jia Qinglin Monday encouraged private companies to go "green" by developing new energy and energy-saving technologies. In a one-day inspection tour to Langfang city of central China's Hebei Province, Jia, chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), visited the XinAo Group, a local private company specialized in research and development of renewable energy and new energy. Jia Qinglin (C), chairman of the National Committee of the Chinese People's Political Consultative Conference, visits XinAo Group, a private company specialized in research and development of renewable energy and new energy, during his inspection tour in Langfang, a city in north China's Hebei Province, July 6, 2009. When talking with the staff of the company, Jia said new energy and energy-saving industries would not only serve as an effective stimulus for the country's economic recovery, but were also of great potential and importance to future development. "Developing a green economy has been widely recognized by the world. Private companies can play an important role in the development of new energy and the environment-friendly and energy-saving industries," Jia said. Jia Qinglin (C), chairman of the National Committee of the Chinese People's Political Consultative Conference, visits XinAo Group, a private company specialized in research and development of renewable energy and new energy, during his inspection tour in Langfang, a city in north China's Hebei Province, July 6, 2009. He noted that China's private companies were faced with both challenges and opportunities amid the current global financial crisis, and urged them to boost research, development and trade of energy-saving products and technologies. "In this way, the private business can create new market demand and more job opportunities," he said. Jia Qinglin (2nd R Front), chairman of the National Committee of the Chinese People's Political Consultative Conference, visits XinAo Group, a private company specialized in research and development of renewable energy and new energy, during his inspection tour in Langfang, a city in north China's Hebei Province, July 6, 2009. He also urged local governments and relevant trade organizations to fully recognize the important role private business played in the national economy, and give favorable policies to help them prosper. The private companies, on the other hand, should make use of the opportunities at hand, and increase their exports and improve their competitiveness in the international market, he said. Jia Qinglin (C), chairman of the National Committee of the Chinese People's Political Consultative Conference, visits XinAo Group, a private company specialized in research and development of renewable energy and new energy, during his inspection tour in Langfang, a city in north China's Hebei Province, July 6, 2009.
BEIJING, July 8 (Xinhua)-- China's gross domestic product (GDP) growth in the second quarter this year is forecast to accelerate close to 7.8 percent, Goldman Sachs Asia and the Beijing-based Gaohua Securities Company said in a report Wednesday. "The figure is above our previous forecast of 7.0 percent year on year," said Song Yu, one author of the report and Goldman Sachs Asia's economist on China's macro-economy. According to the report, economic performance of China in June will show robust improvements, with the industrial output expected to rise about 10 percent in June from 8.9 percent in May. Fixed asset investment in June is forecast to grow 42 percent year on year, up from 38.7 percent in May. Exports is expected to decline 22 percent in June from a year earlier, smaller from a 26.4 percent dip in May, while imports may post a eased drop at 18.0 percent from a 25.2 percent fall in May. The consumer price index is expected to fall 1.5 percent in June from a year ago, compared with a 1.4 percent drop in May. Producer price index would decline 7.6 percent year on year, compared with a slide of 7.2 percent in May. Zhou Xiaochun, governor of the country's central bank, said in late June that the second quarter is expected to be better than the first, when the gross domestic product grew 6.1 percent. The National Bureau of Statistics said in June that China's GDP will grow close to eight percent in the second quarter. China is due to release its second-quarter GDP data in mid-July.