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GUANGZHOU, April 18 (Xinhua) -- A research report of China's foreign trade sector Sunday predicted the world's largest exporter would more than double its foreign trade volume by 2020.It also called on China to improve the quality of foreign trade sector and to lower import tariffs to promote the nation's trade balance.The report, launched by the Ministry of Commerce (MOC) Sunday at the ongoing 107th China Import and Export Fair, the country's largest trade fair held in the southern city of Guangzhou, predicted the China's foreign trade volume would hit 5.3 trillion U.S. dollars by 2020.Merchandise exports will top other countries and be 2.4 trillion U.S. dollars in 2020, 10.1 percent of the world total, while imports will reach 1.9 trillion U.S. dollars and rank second largest, accounting for 8.2 percent of the world total, according to the report, jointly compiled by researchers with think-tanks under the MOC, the Ministry of Finance, and the Chinese Academy of Social Sciences.The report was seen by analysts and officials as a "road map" which lays out a theoretical basis for the reforms in China's trade policies and mechanisms over the next decade.The transformation of the foreign trade growth pattern has become an urgent requirement for China in the post-crisis era, said Vice Minister of Commerce Zhong Shan.Weighed on by the global downturn, China's foreign trade contracted to a three-decade low in 2009, with total volume down 13.9 percent year on year to 2.2 trillion U.S. dollars.Huo Jianguo, director of the Chinese Academy of International Trade and Economic Cooperation (CAITEC) under the MOC, said the financial crisis has revealed a series of substantial problems hidden behind rosy figures, as the nation's foreign trade has been expanded in an ineffective and imbalanced way, or at the cost of environment pollution.Analysts said the downturn had prompted China to adjust its exports structure, and shift focus on high-end manufacturing, energy-saving and environment-friendly industries and developing modern service industries.Li Gang, a research fellow with the CAITEC and leading writer of the report, said the global downturn has phased out a number of backward and less competitive enterprises while offering great opportunities for innovative enterprises to improve growth structure and strengthen their anti-risk capabilities.Although China reported a a deficit of 7.24 billion U.S. dollars in March, the first time over the past six years, analysts suggested decision makers to further expand imports by lowering tariffs, as a way to ease the nation's trade imbalance.Zhang Peng, a researcher with the Chinese Academy of Social Sciences, said China should increase imports of high-tech equipments, energy and resource products, and some agriculture and consumption goods in an attempt to address the trade imbalance.The nation's trade surplus has reached 1.3 trillion U.S. dollars over the last three decades, with foreign exchange reserves hitting 2.45 trillion U.S. dollars by the end of March, according to Zhang.Propping up world's economy recovery, China's foreign trade began to grow again in the first quarter, jumping 44.1 percent to 617.85 billion U.S. dollars, according to customs data.China would consolidate its position as a big trade power and make efforts to develop into a strong trader, and it would play a more active role in international trade arena, according to Zhong Shan.
SHANGHAI, May 1 (Xinhua) -- What will the future city look like?A statue hanging in the Pavilion of Future in Shanghai Expo Park describes the development of cities in a parabolic way."When the lights come on, the shadow of the statue, which looks like the skyline of New York City, appears on the white screen in front of visitors. And when the lights come from the right side, the shadow on the left screen looks like Shanghai skyline," says pavilion guide Ni Wenhua. A visitor stands in front of a giant electronic book in the Pavilion of Future at the World Expo Park in Shanghai, east China, on May 1, 2010. Shanghai World Expo park formally opened to public on Saturday. The Pavilion of Future invites visitors to imagine what cities will be like in the future through movies, books and sculptures. But the skylines come from unexpected materials -- city garbage, including refrigerators, tyres, bicycles, metal parts, and steering wheels."The statue is a warning that the development of cities should not be a process of polluting. It should a harmonious process of coexistence between people and the environment," Ni says.

BEIJING, April 10 (Xinhua)-- China's trade balance turned red in March with the country's first monthly trade deficit in six years, the General Administration of Customs (GAC) said Saturday.China exports were valued at 112.11 billion U.S. dollars in March, up 24.3 percent year on year, while the imports surged 66 percent to 119.35 billion U.S. dollars, resulting in a deficit of 7.24 billion U.S. dollars.The deficit was China's first since it posted a 2.26 billion deficit in April 2004, according to a report released by the GAC.China's total foreign trade rose 42.8 percent year on year to 231.46 billion U.S. dollars in March, according to Customs statistics.In the first quarter, foreign trade rose 44.1 percent to 617.85 billion U.S. dollars, with a surplus of 14.49 billion U.S. dollars though it was down 76.7 percent from the same period of last year.The country's trade surplus hit 23.7 billion U.S. dollars in February.Li Jian, a research fellow with the Research Institute under the Ministry of Commerce, said China's trade surplus had been falling since the start of the year."The deficit in March was just an extension of this trend," Li said.He said China did not purposefully pursue a trade surplus and had adopted a policy of encouraging imports and achieving a trade balance over the years.As the economy improved, any shift in people's expectations towards macro economic policies on liquidity and investment would influence importers' decisions and imported commodity prices, he said."Externally, we need to prudently monitor the world economy to avoid risk of a double-dip recession," he said. "Domestically, we need to focus on economic restructuring and transformation of economic growth pattern based on the stable growth of foreign trade."The GAC attributed the March deficit to shrinking exports of labor-intensive products, surging imports and rising commodity prices."The deficit in March is neither a recession, nor can it be sustained," the GAC said in its report, adding the deficit was small and China had maintained a "basic balance" between imports and exports.
BEIJING, May 7 (Xinhua) -- Chinese Premier Wen Jiabao on Friday pledged to work with Bosnia and Herzegovina to enhance the bilateral relationship between the two nations."We should work together to achieve this goal based on mutual respect, equality and mutual benefit," Wen said during his talks with Nikola Spiric, chairman of the Council of Ministers of Bosnia and Herzegovina.Hailing the traditional friendship between the two nations, Wen said China respects the independence, sovereignty and territorial integrity of Bosnia and Herzegovina, and respects its peoples's choice of their development path.Wen hoped the western Balkan region would achieve lasting peace and stability.Wen said trade and economic cooperation between the two countries has good prospects. The Chinese government encourages reputable companies to invest in Bosnia and Herzegovina and to participate in its economic construction.He welcomed Bosnian enterprises to further develop the Chinese market and expand exports to China.Both sides should make joint efforts to promote cultural, educational and tourism exchanges to enhance mutual understanding between the two peoples and friendship, he said.Spiric thanked China for its valuable support and help.Bosnia and Herzegovina attached importance to China's development, and wished to strengthen its friendly and cooperative relations with the country, he said.Bosnia and Herzegovina is willing to maintain high-level exchanges with China and will continue to firmly support China in major issues concerning China's core interests.Spiric hoped to work with China to strengthen cooperation in economy and trade, infrastructure construction, education, cultural exchanges, and welcomed Chinese enterprises to invest in Bosnia and Herzegovina.Bosnia and Herzegovina welcomes Chinese people to visit the country, he added.After their talks, Wen and Spiric witnessed the signing of cooperation documents between the two countries.China's top political advisor Jia Qinglin met with Spiric later on Friday, applauding the country's adherence to the one-China policy.Jia, chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), said the CPPCC would increase exchanges and cooperation with the country's parliament, to contribute to the development of bilateral ties.Chinese vice premier Zhang Dejiang also met with Spiric Friday evening, hoping the two sides would expand cooperation in construction of highways and power plants.Spiric is the first prime minister of Bosnia and Herzegovina to visit China since the two countries forged diplomatic ties 15 years ago.Spiric will also visit Shanghai to attend the National Pavilion Day of Bosnia and Herzegovina, and tour Xi'an, capital of northwest China's Shaanxi province.
BEIJING, May 25 (Xinhua) -- The first-ever China-Europe High-Level Political Party Forum concluded here Tuesday, reaching broad consensus on many major issues.It was agreed that both China and Europe should increase comprehensive strategic cooperation to cope with global challenges, and political parties from both sides could play an important and leading role in this cooperation.The meeting achieved positive results -- deepening mutual understanding and trust through in-depth exchanges of views on the international situation, financial crisis, climate change, environmental protection and China-Europe relations. Li Yuanchao,head of the Organization Department of the Central Committee of the Communist Party of China(CPC),speaks at a welcoming dinner in honour of the participants of China-Europe High-Level Political parties Forum"Global Challenges and China-Europe Cooperation"in Beijing May 25,2010.All representatives to the meeting from Chinese and European political parties agreed that they would work together to promote China-Europe party-to-party exchanges, saying that the forum had advanced China-Europe cooperation.
来源:资阳报