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BEIJING, Feb. 28 (Xinhua) -- The global financial crisis has not yet hit bottom and its impact is still spreading, said Chinese Premier Wen Jiabao during his first-ever online chat Saturday. He also promised that China is "ready to take firmer and stronger actions whenever necessary." The major impact of the crisis is on the country's real economy instead of its financial sector, which after more than 10 years of reform, is relatively stable and healthy and capable of withstanding the crisis, he said. Wen said China's east coastal areas were hit hard, where the economy is more export-dependent and labor intensive. The decline of international market demands also caused the unemployment of a great number of migrant workers. Chinese Premier Wen Jiabao prepares to chat with Internet surfers on two state news portals in Beijing, China, Feb. 28, 2009 China's gross domestic product (GDP) grew 9 percent year-on-year last year, the lowest since 2001, when an annual rate of 8.3 percent was recorded. To cushion the blow of the international financial crisis, Wen said China announced a package of stimulus plans covering four aspects. The first is the announcement a 4-trillion-yuan (588 billion U.S. dollars) economic stimulus and tax cuts. The second involves revitalizing ten key industries. The third is technical upgrading. The fourth is the building of a comprehensive social security network. INITIAL RESULTS, BUT TEMPORARY Wen said "the stimulus measures have shown initial effects and produced good results in certain areas and fields." For example, the country has seen consecutive growth in credit supply, with new loans standing around 440 billion yuan in November, 770 billion yuan in December and 1.63 trillion yuan in January, Wen said. He also cited figures on stronger retail sales and the rebound of power generation and use. Consumption rose 18 percent year-on-year in January, while power generation in the Feb. 11-20 period increased 15 percent year-on-year, or up 13.2 percent from the first ten days of this month, he said. "Some key indicators showed the economic situation has somewhat turned better," he said. "But those were just temporary indices and couldn't be fully compared with the past figures." Wen said one indicator he valued most was power generation. "Starting from mid February, power generation and consumption have both resumed growth," he said. "We must fully realize we are facing a long-term and arduous task," he added. "We must strengthen confidence in the face of the crisis and be ready to take firmer and stronger actions when necessary." CONCERNS ON EMPLOYMENT, INCOME GAP AND PROPERTY Wen said migrant workers had been hit the hardest during the financial crisis. About 20 million migrant workers in China had returned to the countryside from cities without jobs, said Chen Xiwen, director of the office of the central leading group on rural work, early this month. Other government officials estimated the number at 12 million. Wen acknowledged the accurate number is yet to be counted. He said migrant workers did not complain about the government and quietly returned to their hometowns, "some engaging in farming again, others still seeking jobs." "I want to take the opportunity to extend my gratitude to our migrant workers," he said, adding they had made great contributions to the nation. The government should encourage them to start their own business by offering tax stimulus and training opportunities, said Wen. He also expressed deep concerns over the employment issue of college students and jobless urban families. "Employment is not only related to one's livelihood but also one's dignity," said Wen. China's State Council, or the cabinet, issued a notice on Feb. 10 urging governments at all levels to make every possible effort to expand employment. When answering netizens' concerns over income discrepancies, Wen said narrowing the rich-poor gap could not be achieved "in a static state" and should be conducted alongside with economic development. He acknowledged that China's social and economic development does have the problem of "imbalanced, discordant and unsustainable" growth. The major problem is the imbalance between different regions, between the urban and rural areas and income imbalance, he said. Meanwhile, Wen said he still has confidence in China's economy and the development of Chinese enterprises. In a reply to complaints over the slumping stock market, he said he is confident about the capital market as its performance is decided by economic fundamentals and company profitability. The government has the responsibility to establish an open, fair and transparent market environment and resolutely fight against illegal acts such as manipulating the market, he said. Housing prices were among the most frequently asked questions raised by netizens during the chat. In response, Wen said he hopes to see a stable and healthy development of the country's real estate sector in the face of the global financial crisis. China should strengthen management and regulation to keep housing prices and the scale of property construction "at a reasonable level", said Wen. Housing prices have long been under fire in China, as consumers complain houses in large cities are too expensive to afford, giving developers unfair huge profits. Wen said the government highly values the property industry as it concerns the life of ordinary people and directly affects the national economy. The government has urged for stronger confidence in the real estate market while pledging more money and energy to meet the needs of low-income families, he said. The government fund must be used properly to ensure house construction is economical, safe and of good quality, said Wen. He also noted the construction should save land and suit people's needs. "Auditing and supervision should go along with all property projects," said Wen. "Problems must be dealt with whenever they emerge." Property prices in 70 major Chinese cities fell 0.9 percent in January from a year earlier, a faster fall than the previous month. In December, the figure saw the first year-on-year drop since the government started to release it in 2005.
BOAO, Hainan, April 18 (Xinhua) -- Chinese Premier Wen Jiabao met with former U.S. President George W. Bush and former Japanese Prime Minister Yasuo Fukuda here Saturday in south China's Hainan Province. Wen spoke highly of Bush's contribution to the development of Sino-U.S. constructive and cooperative ties. He hoped Bush would continue to play a positive role in promoting bilateral relations. Wen said that since President Obama took office, Sino-U.S. tieshave got to a good start. The two nations have dedicated to building a positive, cooperative and comprehensive relationship inthe 21st century. China's Premier Wen Jiabao (R) meets with former U.S. President George W. Bush, in Boao, south China's Hainan Province, April 18, 2009. Bush arrived here to attend the Boao Forum for Asia (BFA) Annual Conference 2009 held from April 17 to 19. The spreading global financial crisis and the growing global challenges demand the two nations increase mutual trust, enhance coordination, jointly overcome the current difficulties and benefit the two countries and people of the world, said Wen. "We hope the U.S. economy will take a favourable turn as soon as possible, which is conducive to the world economy," he added. Bush said it is uplifting to see the Sino-U.S. ties improving. Both China and the United States are major nations in the world and should keep close communication and cooperation. He said he would continue to contribute to the development of Sino-U.S. ties. The policies and measures that the Chinese government has takento cope with the financial crisis have already yielded results andare very impressive, said Bush. The continuous growth of economies of both countries are crucial to the recovery of the world economy, he said, stressing the two countries should strengthen cooperation in resisting the impact of the financial crisis. During the meeting with Fukuda, Wen appreciated the former Japanese Prime Minister's contribution to improving and developingChina-Japan friendly relations. Wen said China-Japan ties maintain sound in general. The two countries should proceed from the long-term perspective of bilateral ties, increase political mutual trust, deepen mutual understanding between the two peoples and safeguard the general interests of Sino-Japanese strategic reciprocal relations. He said the global financial crisis is not just a challenge forAsia, but also an important opportunity for speeding up regional cooperation. He also called on the two countries to proceed from the overallinterests of Asia and the long-term development of bilateral ties to enhance coordination and all-around cooperation, so as to jointly push forward regional economic and financial cooperation and make greater contribution to the revitalization of Asia and the construction of East Asia community. To continuously enhance the friendship between the two peoples is of great importance to the long-term development of bilateral ties, said Fukuda, adding that he would spare no effort to promotefriendly cooperation between the two nations in the future. Fukuda also said China plays a key role in withstanding the global financial crisis. Bush and Fukuda were here to attend the 2009 annual meeting of the Boao Forum for Asia (BFA) from April 17 to 19.

LONDON, April 3 (Xinhua) -- As the curtain dropped on the G20 London summit, Chinese Commerce Minister Chen Deming on Friday reiterated China's opposition to protectionism and voiced support for cooperation. "This summit has yielded a series of positive and pragmatic results for the international society to jointly tackle the current financial crisis," Chen said. He said it included reaching broad consensus on stabilizing international financial markets, speeding up reform of the international financial system, actively pushing forward the Doha round talks, and opposing trade protectionism. Chen said history and experiences have proved that protectionism will only drag the world economy into deeper recession. As the crisis is worsening, people have increasingly realized the necessity and urgency to reject protectionism, he said. Chinese President Hu Jintao pointed out at the G20 summit that facing the impact of the international financial crisis, China will continue to stick to its opening-up and reform policy, and unswervingly adopt the mutually-beneficial and win-win strategy. China will not turn to protectionism just because it is encountering some temporary difficulties during the process of economic development, he said. What the world needs now, Chen said, is to adopt economic stimulus plans to jointly overcome the difficulties and to recover economies. At this critical time, people must be especially cautious about protectionism, preventing it from sabotaging all the efforts that the world has done so far, he said. "China will act responsibly, seriously implement the agreements reached at the G20 summit, in efforts to push forward the world economy, as well promote the development of international trade," Chen said. He proposed that the international community jointly maintain a fair and open international trade environment, protect the authority and seriousness of multilateral trade regulations, actively push forward the Doha round talks, and jointly resist protectionism. Chen noted that despite all the anti-protectionism claims by many countries, protectionist measures are in fact making inroads since the outbreak of the financial crisis. China supports the G20 agreement to extend the ban on protectionism until the end of 2010, however, it remains difficult to define protectionism and unreasonable trade restriction measures, Chen said. All measures not allowed by the WTO are considered protectionist, and therefore should not be allowed to be implemented, he said. Chen also raised concerns over the possible misuse of some measures permitted by the WTO, such as trade subsidy, and urged restraint. The WTO members should try not to use, or use with discretion protectionist policies, so as to create a sound climate for promoting free trade, he said. Currently, the WTO has established a monitoring mechanism, with periodical reports on its members' actions, a move conducive to curbing protectionism, Chen said. Protectionism is on the rise since the crisis, but it still falls short of being rampant, which indicates the global multilateral trade rules remain effective to some extent, he said. China supports the establishment of such a WTO supervision mechanism, he said. China has firmly reiterated its opposition to protectionism, Chen said, noting that China's measures taken since the crisis are considered positive by both WTO Director General Pascal Lamy and EU Trade Commissioner Catherine Ashton. China's economic stimulus measures complied with the WTO rules, he said. Chen also said the Doha round trade talks are of great significance in promoting the development of the multilateral trade system and a successful deal would strongly promote global economic growth. History over the past century has proved that trade grows faster than economy, and it is trade that pushes forward economic growth, he said. Chen urged flexibility by major countries to push forward the Doha negotiations. "With joint efforts by various parties, we remain optimistic about the outcome of the Doha round talks," he said.
BEIJING, March 20 (Xinhua) -- Chinese President Hu Jintao on Friday called for the country's law-enforcement personnel to learn the selfless dedication to the people from Tan Dong, a policeman in Sichuan Province. Tan, 45, was a traffic policeman in Dayi County of Chengdu, capital city of Sichuan. He died of myocarditis on Jan. 5 because of long-time hard work at his position. On Dec. 29 last year, in order to save a person having fallen into a trench in a car accident, Tan jumped into the cold water and got a serious cold. Being seriously sick afterwards, Tan insisted on working, until the last minute of his life. After his death, Tan was honored as a first-class model by the Ministry of Public Security and Ministry of Human Resources and Social Security. On Friday, some of Tan's relatives and colleagues were invited to give a report on his heroic deeds in the Great Hall of the People in Beijing. The audience were deeply moved by the report and gave applauses to show their respect for the hero. More than 800 police and citizen representatives listened to the report. Zhou Yongkang, a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, met with Tan's families and colleagues before the report. "He is an ordinary, but great person. He is the model for the police, and also a good example for China's grassroots officials," Zhou said. In Tan Dong's diary, he wrote: one cannot be a public servant if he has no intention of dedication. "He did what he said," Zhou said.
BEIJING, March 6 (Xinhua)-- China has named its first home-made jumbo jet C919, which will take off in around eight years, its chief designer Wu Guanghui said on Friday. "C represents China as well as COMAC, the abbreviation for Commercial Aircraft Corporation of China, Ltd," said Wu, who is also the deputy general manager of COMAC, the manufacturer of C919. "The name also reflects our determination to compete in the international market for jumbo jet. C919 comes after Airbus and Boeing, so you will have ABC in the aviation industry," said Wu, apolitical advisor who is here attending the annual session of 11thNational Committee of the Chinese People's Political Consultative Conference. The first 9 in the name implies forever in Chinese culture, while 19 means the first jumbo jet produced by China will have 190seats, he said. Wu said that his company will choose suppliers of engines, airborne equipment, and materials through international bidding, and will encourage foreign suppliers to enter into partnership with Chinese manufacturers. "We will choose foreign-manufactured products like engines at the beginning phase, but we will also independently do the research and manufacturing work at the same time," noted Wu. The Shanghai-based COMAC was set up in May, 2008 after approval in early 2007 by the State Council, China's Cabinet. It has a registered capital of 19 billion yuan (2.78 billion U.S. dollars), with the State-owned Assets Supervision and Administration Commission as the biggest shareholder. Wu said the jumbo jet project now involves 47 institutions from China and abroad, and that the preliminary general technical design plan and commercial feasibility study have been completed.
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