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BEIJING, March 6 (Xinhua) -- "Transformation of the economic growth pattern" has become a key word on the agenda of the annual sessions of China's parliament and top advisory body as the country aims at complete recovery from the global financial crisis and seeks sustained growth.Following are quotes from some Chinese leaders that underscore the transformation. The leaders joined deputies to the National People's Congress (NPC) Saturday to deliberate Premier Wen Jiabao's government work report.-- The bottleneck that stagnates the transformation of the economic growth pattern lies in an imperfect institutional mechanism. Reforms in key areas and sectors should be quickened to strengthen the impetus for economic growth and provide institutional guarantee for the transformation, said Vice Premier Li Keqiang in his discussion with NPC deputies from Liaoning Province.-- Deepening reform and expanding opening-up offer fundamental impetus for shaping a competitive modern industry system, said He Guoqiang, member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, in his discussion with NPC deputies from central Hunan Province.-- The transformation means a profound change in the economic sector, and it is currently, and will be in a long run, a major economic task of the nation, said Zhou Yongkang, member of the Standing Committee of the Political Bureau of the CPC Central Committee, in his discussion with NPC deputies from Heilongjiang Province.-- Cultural programs and cultural industry play an important role in enlightening the nation, and their development should be taken as an important approach to the transformation, said Li Changchun, member of the Standing Committee of the Political Bureau of the CPC Central Committee, in his discussion with NPC deputies from northwestern Shaanxi Province.
BEIJING, Feb. 18 (Xinhua) -- The Ministry of Industry and Information Technology (MIIT) has pledged fresh measures to fight offensive content transmitted by mobile phones and websites.China Mobile, China Telecom and China Unicom, the country's three mobile carriers, have been required to examine the quality of their business partners, Thursday's China Daily reported Thursday.The MIIT also asked the Internet service providers to supervise the content of websites and close irregular websites.Operators of pornographic websites had been evading supervision from authorities through technical tactics including frequently switching domain names and IP addresses, the paper quoted a report on PC World's online edition as saying.The authorities will introduce a blacklist and the design of content-filtering technology to help network operators stem obscene content from reappearing.The measures aimed to protect the healthy growth of the next generation and clean the social environment, the MIIT said in statement.

BEIJING, Jan. 23 (Xinhua) -- The Bank of China (BOC) board has agreed to sell up to 40 billion yuan (5.86 billion U.S. dollars) of bonds convertible to A shares to improve capital adequacy.The proposal will be turned into the first temporary shareholders' meeting in 2010, which will be held on March 19, for approval.Excluding issuance costs, the proceeds from the issuance of the six-year convertible bonds will be used to replenish the bank's capital base and working capital and to lift its capital adequacy ratio, according to the BOC, the third largest lender by market value in China.The BOC has been implementing positive financial policies and relatively loose monetary policies since 2009.The BOC capital adequacy ratio stood at 11.63 percent and the core capital adequacy ratio at 9.37 percent by the end of September 2009.
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, Jan. 19 (Xinhua) -- Vice Premier Li Keqiang said on Tuesday China would continue to pursue a low birth rate while actively coping with problems such as sex ratio imbalance and the aging of population.Li made the remarks when inspecting the National Population and Family Planning Commission. Chinese Vice Premier Li Keqiang visits a laboratory of China Population Devolpment Research Center in Beijing, China, Jan. 19, 2010. Li Keqiang made an inspection tour to the population and family planning commission and affiliated research institutions on TuesdayChina still faced pressure from population growth and "new situations" had emerged in population structure as its industrialization and urbanization continued to proceed, Li said.Efforts were needed to achieve reasonable distribution and orderly flow of population, he said, adding population and family planning authorities should put people first and better serve people at grassroots communities. Chinese Vice Premier Li Keqiang visits a laboratory of the scientific research center of National Population and Family Planning Commission of China, in Beijing, China, Jan. 19, 2010. Li Keqiang made an inspection tour to the population and family planning commission and affiliated research institutions on TuesdayHe asked population and family planning authorities to provide better services for urban and rural residents, especially farmers and floating population.Official figures show the country's birth rate went down from more than 1.8 percent in 1978 to around 1.2 percent in 2007.China's family-planning policy was introduced in the 1970s to rein in its surging population by encouraging late marriages and late childbearing and limiting most urban couples to one child and most rural couples to two children.It's estimated that without the policy, the country's population would be 400 million more than the current 1.3 billion people, according to the National Population and Family Planning Commission. Chinese Vice Premier Li Keqiang shakes hands with personnels of the scientific research center of National Population and Family Planning Commission of China, in Beijing, China, Jan. 19, 2010. Li Keqiang made an inspection tour to the population and family planning commission and affiliated research institutions on Tuesday
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