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BEIJING, June 20 (Xinhua) -- Chinese President Hu Jintao on Friday hailed the 60th anniversary of the People's Daily, the voice of the Communist Party of China (CPC), and extended his salute to all Chinese journalists.     After inspecting the People's Daily, Hu encouraged reporters and editors to innovate their reporting styles and bring into a full play the paper's leading role.     He sent his greetings to the paper's overseas correspondents and asked them to link the transformation of the international situation with China's reform and opening-up. This was to improve the quality and influence of the paper's international reporting. It has 33 overseas bureaus.     Hu, also general secretary of the CPC Central Committee, visited people.com.cn, the online arm of the daily newspaper and a leading news portal in China. Over 11 years of development, the website now received about 100 million visits daily.     He then held his first live online chat with netizens on Friday, telling them divergent voices could be heard in the country. Chinese President Hu Jintao (C) inspects the People's Daily, the voice of the Communist Party of China, in Beijing, capital of China, June 20, 2008. Hu on Friday hailed the 60th anniversary of the start of publication of the People's Daily and extended his salute to all Chinese journalistsHu, who said he sometimes found time to surf the web, said in his chat with netizens, "I try to know through the Internet what people are concerned about and what they think (on a wide range of topics)."     "I'm willing to get an idea on people's complaints of and proposals to the work of our Party and the government.     "The Internet is an important space to know about people's thoughts," said Hu, who revealed the BBS of people.com.cn was his must-visit while surfing the web.     The "BBS" he mentioned was the Qiangguo Forum, with the literal meaning in Chinese of "powering the nation." The virtual-reality forum was initiated by netizens to express anger at the U.S.-led NATO forces bombing of the Chinese embassy in Belgrade in 1999. Since then, the forum has been one of the most popular venues for netizens to speak out.     Hu's four minute live chat with netizens highlighted the recent efforts of the government to directly contact the people.     He told the paper's staff that with the rapid social and economic development it's more convenient and faster now for people to obtain and spread information and the role of public opinion was more significant than ever.     He asked newsmen to stick to the CPC principle, serve the people, constantly reform to enhance influence and strengthen the use of new media in their daily work.Chinese President Hu Jintao (C) inspects the People's Daily, the voice of the Communist Party of China, in Beijing, capital of China, June 20, 2008. Hu on Friday hailed the 60th anniversary of the start of publication of the People's Daily and extended his salute to all Chinese journalists

TIANJIN, Sept. 27 (Xinhua) -- China has full confidence and capability to overcome various difficulties to ensure sound and fast economic growth for an even longer period of time, said Premier Wen Jiabao on Saturday.     Addressing the opening ceremony of the 2008 Summer Davos Forum in the north China port metropolis of Tianjin, Wen said China is in the stage of rapid industrialization and urbanization, and has huge potential for economic growth. The important period of strategic opportunities for China's development will last quite a long time.     Despite the heavy snow and sleet storms and the devastating earthquake and a complex situation both at home and abroad the nation faced, China have overcome difficulties one after another and maintained the momentum of steady economic growth.     "There are many favorable conditions for China to maintain sustained and fast growth, such as abundant supply of labor and capital as well as huge potential of increased domestic consumption and investment demands, vast market and more competitive and dynamic enterprises," said Wen.     The demands for investment, consumption and export are growing in a more balanced way. The economic fundamentals in China remain unchanged and the economy is moving in the direction envisaged in the macro-economic control policy, he added.     The two-day forum, also known as the New Champions 2008, has attracted about 1,400 participants from nearly 90 countries and regions, including business elite and senior officials, to discuss topics about the theme "The Next Wave of Growth". The second Annual Meeting of the New Champions organized by the World Economic Forum is officially opened at Tianjin Binhai Convention and Exhibition Center in north China's Tianjin Municipality, Sept. 27, 2008

SKOPJE, Sept. 15 (Xinhua) -- Visiting Chinese Vice Premier Zhang Dejiang met here on Monday with Macedonian President Branko Crvenkovski with both sides vowing to boost cooperation between the two countries.     "China attaches great importance to the bilateral relations with Macedonia, and regards Macedonia as a trust-worthy partner in the west Balkans," Zhang said.     Zhang pointed out that the bilateral relations between the two countries have made positive progress during the past 15 years, and that economic cooperation and exchanges in the fields such as culture, education and sports have witnessed new development.     Zhang said China is ready to broaden the areas of cooperation between China and Macedonia on the basis of mutual respect and mutual benefit, and lift the bilateral relations to a new level.     He suggested the two countries should find new areas of cooperation, and push the companies of the two countries to develop cooperation in different forms and through various conduits.     Zhang expressed thanks and gratitude to Macedonia for its stance on one-China policy and its support for China's cause of peaceful unification with Taiwan.     Crvenkovski said Macedonian highly values its relations with China, saying that Macedonia will unswervingly stick to its one-China policy.     "We are ready to work with China to strengthen the cooperation between the two countries in the areas of politics, trade and economy, and international affairs, pushing the bilateral relations forward," Crvenkovski said.     Crvenkovski congratulated China on staging a wonderful Olympic Games in Beijing, and thanked China for its long-time help and support for Macedonia.

TOKYO, June 14 (Xinhua) -- Foreign ministers of China, Japan and South Korea agreed here Saturday to strengthen trilateral cooperation for better political, economic and cultural relations.     Chinese Foreign Minister Yang Jiechi, Japanese Foreign Minister Masahiko Komura and South Korean Minister of Foreign Affairs and Trade Yu Myung Hwan reached the agreement at the second trilateral meeting of foreign ministers from the three countries. Chinese Foreign Minister Yang Jiechi (L), Japanese Foreign Minister Masahiko Komura (C) and South Korean foreign and trade minister Yu Myung-Hwan shake hand prior to their meeting in Tokyo, Japan, June 14, 2008.Yang said the meeting was held when the trilateral cooperation is showing bright prospect. "The trilateral cooperation is facing new opportunities and is standing at a threshold," Yang told his counterparts during the meeting held later in the afternoon.     "Further development of the trilateral cooperation is in line with the expectation of the three peoples and is conducive to peaceful development of the three countries and the region," Yang said.     He called for cherishing of the opportunities to actively push forward the trilateral cooperation toward the direction of peaceful coexistence, comprehensive cooperation, mutual benefit and common development.     Yang called on the three sides to keep their respective political promises, improve understanding and trust in each others, expand logistical and financial cooperation as well as social and cultural exchanges and deepen communications on regional cooperation and significant international and local issues so as to further improve the mechanism of trilateral cooperation. Japanese foreign minister Masahiko Komura (C) speaks during a joint press conference with Chinese foreign minister Yang Jiechi(L), South Korean foreign and trade minister Yu Myung-Hwan after the tripartite China-Japan-South Korea Foreign Ministers Meeting in Tokyo, capital of Japan, on June 14, 2008.    The three ministers agreed that the trilateral cooperation is very important for peace, stability and prosperity of Asia. They agreed to carry out new cooperation on disaster relief.     The three ministers agreed to keep regular communications between leaders and foreign ministers of the three countries and scheduled a meeting of heads of government of the three countries in Japan in September.     The three ministers also agreed to strengthen cooperation on promoting peace and stability on the Korean Peninsula, combating climate change, environment protection, food and energy safety, assistance to African development and the United Nations' reform.     Komura and Yu wished the Beijing Olympics a great success.

BEIJING, Oct. 8 (Xinhua) -- China's central bank on Wednesday announced cuts in both the interest rate and reserve-requirement ratio in the latest effort to boost the domestic economy amid worries over the deepening global financial crisis.     The deposit and lending rates would be lowered by 0.27 percentage points from Thursday and the reserve-requirement ratio would be down by 0.5 percentage points from Oct. 15, the People's Bank of China (PBOC) said.     "This was mainly out of concerns over an economic slowdown," said Ba Shusong, deputy chief of the Finance Research Institute under the Development Research Center of the State Council.     "The rate cut was expected as the world was faced with a cycle of interest rate cuts," he told Xinhua.     OUT OF SLOWDOWN CONCERNS     The loosening in monetary policy, the second such move in less than a month, highlighted the government's rising concern over the slowing economy and slumping capital market.     The PBOC cut the benchmark one-year lending rate by 0.27 percentage points on Sept. 16, the first rate cut in six years. It also lowered the reserve requirement at medium- and small-sized lenders by 1 percentage point as of Sept. 25.     Tang Min, China Development Research Foundation deputy secretary, echoed Ba's viewpoint.     Tang said the government made the move mainly out of concerns over domestic problems. "The deepening U.S.-originated credit crisis has impacted the psychology of Chinese and also the real economy," he told Xinhua.     Investors, gripped by lingering fears of global economic downturn, dumped equities to drive the stock market down 66 percent from its peak last October.     China's gross domestic product (GDP) expanded 10.1 percent in the second quarter of the year, marking a deceleration for four consecutive quarters.     Its exports, a major driver behind the economy, reported slowing growth this year as the credit crisis reduced overseas demand for its goods. This has led to the closures of tens of thousands of local exporters and also job losses.     Local businesses bore the brunt of higher borrowing costs and were even finding it difficult to get credit after last year's tightening measures aimed at curbing inflation and averting economic overheating.     The easing in inflation has given room for the authorities to loosen monetary policy. The consumer price index rose 4.9 percent in August, off from the 12-year-high of 8.7 percent in February.     "Inflation is no longer a threat with the declining commodities prices," Tang said.     The monetary policy has been starting to loosen and the trend would not change in the short term, said Zhuang Jian, an Asian Development Bank (ADB) economist. "The whole world doesn't have strong confidence in the economic outlook."     TAX CUT TO BOOST DEMAND     In another move to boost domestic demand, the State Council, China's Cabinet, said it would scrap the 5 percent individual income tax on savings interest earnings starting on Thursday.     China began levying a 20 percent individual income tax on interest earnings in 1999 to narrow the income gap and encourage consumption and investment. The tax rate was slashed to 5 percent on Aug. 15, 2007.     The income tax cut was a must as it would help alleviate the erosion on personal income by high prices, especially given the cut in the deposit rate, Li Yang, head of the Finance Research Institute under the Chinese Academy of Social Sciences.     The tax cut, together with lower borrowing costs, would boost domestic demand, an increasingly more important driver of economy in the global credit crisis, Zuo Xiaolei, China Galaxy Securities chief economist, said.     GLOBAL COORDINATED RESPONSE     The move was also a timely response to the rate cuts by other major central banks and part of a coordinated effort to stem the global crisis, Tang said.     Six other major central banks, including the U.S. Federal Reserve, slashed interest rates on the same day to cope with the current financial crisis.     The U.S. Federal Reserve lowered its target for the federal funds rate by 0.5 percentage points to 1.5 percent. The Bank of England cut its rate by half a point to 4.5 percent and the European Central Bank cut by the same margin to 3.75 percent.     Central banks of Canada, Sweden and Switzerland took similar actions. The Bank of Japan said it strongly supported these policy actions.     Australia's central bank on Tuesday slashed the interest rate by 1 percentage point, the largest cut since 1992.