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KABUL, July 20 (Xinhua) -- Chinese Foreign Minister Yang Jiechi on Tuesday called for continued support of the international community to the war-torn Afghanistan."We want to see a peaceful, stable and independent Afghanistan that enjoys development and good neighborhood," Yang said addressing one-day international conference on Afghanistan in the Afghan capital Kabul."We should respect Afghanistan's sovereignty, and work together for the realization of Afghanistan run by the Afghans," he stressed.To achieve the goal, he proposed four points including ensuring security, political reconciliation, speeding up economic reconstruction and enhancing international cooperation."We call on international community to channel more assistance to infrastructure and other projects that will bring immediate benefit to ordinary Afghans," Yang said.He added that it is important to enhance coordination between regional and international cooperation so that they will complement and reinforce each other.The international community, he said, should remain committed to bringing durable peace and stability to Afghanistan. He also urged the international community to provide more help to Afghanistan in capacity-building and human resources development.China had contributed more than 900 million Yuan (over 123 million U.S. dollars) besides canceling 19.5 million U.S. dollars worth of debt owed by Afghanistan from 2002 to 2009.The first ever international conference hosted by post-Taliban Afghanistan with the participation of United Nations Secretary General Ban Ki-moon and some 40 foreign ministers among other delegates from over 70 countries and international organizations wrapped up with renewing support to Afghanistan.
BEIJING, June 11 (Xinhua) -- Economic data for May released Friday showed that China was eyeing rising inflation and slowing economic growth, indicative of what the "the most complicated year" meant for the country's economy.Experts said the mixed bag of economic data would make it difficult for China's policymakers in the coming months.China's consumer price index (CPI), a main gauge of inflation, rose in May to 3.1 percent, the highest since November 2008, according to figures released by the National Bureau of Statistics (NBS) Friday.The NBS also reported that growth of industrial value-added output slowed to 16.5 percent in May from 17.8 percent in April.Urban fixed assets investment for the first five months rose 25.9 percent year on year, 0.2 percentage points down from the first four months.INFLATION QUICKENSThe 3.1 percent CPI growth was up 0.3 percentage points from April's rise of 2.8 percent. In the first five months, China's CPI rose 2.5 percent year on year.The May figure exceeded the government's year-average target of 3 percent set in March.The producer price index (PPI), a major measure of inflation at the wholesale level, rose 7.1 percent year on year in May, up 0.3 percentage points from April's 6.8 percent.In May, the CPI in China's urban areas increased 2.9 percent and in rural regions by 3.3 percent. Food prices, which accounted for about a third of the weighting in calculating the CPI, rose 6.1 percent.
BEIJING, Aug. 22 (Xinhua) -- Some 87 percent of Chinese who studied abroad in 2009 received financial support from their parents, China.com.cn, a government-run website, reported Sunday quoting a survey by education research company MyCOS.The survey divided its interviewees into two categories: undergraduate students who graduated from China's top 211 universities in 2009 and those who did not.According to the survey, 1.64 percent of undergraduate students graduating from China's top 211 universities in 2009 went abroad for study, 0.61 percentage points higher year on year.Some 0.69 percent of undergraduate students from the other category also pursued overseas studies.According to the survey, the majority of the students who studied abroad took economics and business management as their major.The survey also showed 9 percent of those studying abroad received scholarships from the foreign institutions while 3 percent supported themselves through part-time jobs. One percent were funded by the Chinese government.Chinese universities and colleges graduated 6.1 million students in 2009, according to statistics from the Ministry of Education.
BEIJING, July 27 (Xinhua) -- Senior Chinese official Li Changchun called for stepped-up efforts to reform the countries cultural sector at a meeting held recently and joined by publicity and culture chiefs from China's central government.Li also urged more progress to be made in the development and prosperity of China's cultural industries.Li, a Standing Committee member of the Political Bureau of the Communist Party of China (CPC) Central Committee, presided over the meeting. State Councilor Liu Yandong and Liu Yunshan, head of the Publicity Department of the CPC Central Committee, attended the meeting.
BEIJING, Aug 5(Xinhunet) -- China's machinery industry has rebounded during the first half of this year, but the momentum is likely to slow as the country's economy cools.The machinery industry has grown by 37 percent during the first six months of 2010, with a total output value of 6.59 trillion yuan, according to the China Machinery Industry Federation, a quasi-governmental institution that oversees growth of China's machinery sector.The machinery industry, which has benefited from the government's 4 trillion yuan investment spending spree, enjoyed expansion in large-scale construction projects over the last year. The construction machinery sector reported 54 percent growth during the first half of this year, according to the federation.The strong growth of the industry is based on preliminary statements by several listed machinery companies submitted to the stock exchange.Shanghai-listed Zoomlion Heavy Industry Science and Technology Development Co, which is also planning to launch a listing in Hong Kong, predicted its profit would grow by 50 percent to 100 percent over the first half this year.Sany Heavy Industry Co is also expected to record 85 percent growth this year, according to Ping An Securities. The maker has already reported a growth rate of 170 percent in profit during the first quarter of this year.However, not all machinery industry sectors are reporting the same momentum as domestic demand has decreased this year. New orders in power generation equipment, transmission and substation equipment as well as heavy machinery, have rolled back this year."It is unlikely to see significant growth in the output of power equipment this year and it will probably stand around 117 million kW since the base figure is already huge," according to Cai Weici, vice-president of the federation, adding that China's output of power equipment already makes up half of the world's total."There is also less demand for heavy machinery used in steel production because the industry is eliminating outdated productivity, thus reducing market demand," Cai said.Fixed-assets investment in the machinery industry which has maintained a growth rate of over 40 percent since 2004 slowed down by 27 percent to 79.8 billion yuan, signaling less reserved strength for further growth.In term of exports, the machinery industry will be exposed to several uncertain factors including a more flexible yuan exchange rate as well as rising labor and raw material costs.The federation forecasts the industry's growth rate will be 20 percent in 2010.