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BEIJING, March 2 (Xinhua) -- Chinese State Councilor Ma Kai asked for more active policy to boost employment, guarantee economic growth, people's livelihood and social stability here on Monday. Ma made the comments when addressing the opening ceremony of China National School of Administration. He suggested that policies to boost economic growth and enhance economic structure should be combined more closely with the effort to create job opportunities. Measures should be taken to relieve companies' burdens and maintain existing positions for employees, Ma said. He also encouraged job seekers to start their own businesses, and adjust their job expectations. Ma highlighted the importance of creating jobs for university graduates, migrant workers, veterans and families with no income.
BEIJING, April 1 (Xinhua) -- Chinese equities closed 1.47 percent up Wednesday to stand at 2,408.02 points, surpassing the 2,400 points mark, echoing the overnight Wall Street rebound. The Shanghai Composite Index gained 34.81 points, or 1.47 percent to 2,408.02. The Shenzhen Component Index rose 174.06 points, or 1.94 percent to 9,156.01. Gains outnumbered losses by 675 to 183 in Shanghai and 599 to 140 in Shenzhen. Combined turnover expanded to 250.67 billion yuan (36.68 billion U.S. dollars) from 200.03 billion yuan on the previous trading day. Coal shares boosted the index up, as there were reports Monday that the government might consider raising the coal price by 4 percent. China Shenhua Energy, the country's leading coal producer, gained 5.8 percent to 21.9 yuan, while China Coal jumped 5.65 percent to 9.17 yuan. The benchmark Shanghai Composite Index continued the upward trend of the previous trading day and touched a 2422.63 points intra-day high Wednesday, exceeding the previous intra-day high of 2402 points on Feb. 17. Zhang Yunpeng, an analyst with Beijing-based Huarong Securities, said investors should not be overly optimistic about the continuing rebound, as the turnover in recent days was lower than that in mid-February, which suggested that some investors were still cautious. China's top banking regulator Liu Mingkang said Tuesday the government would require foreign banks taking stakes in domestic commercial banks to hold those stakes for at least five years, rather than three as at present, to reduce risks for local banks. Zhang said this was a piece of positive news for Chinese bank stocks for the long run, as this move would help stabilize their share prices. The Industrial and Commercial Bank of China, China's top lender, rose 0.76 percent to 3.97, while the China Construction Bank, the country's second largest commercial lender, gained 0.47 percent to 4.32 yuan. Chongqing Iron and Steel Co. rose 1.24 percent to 4.91 yuan, after the steel producer reported a 33.18 percent growth in net profit to 598.3 million yuan last year in its annual report released Wednesday.
LONDON, April 1 (Xinhua) -- Chinese President Hu Jintao met with French President Nicolas Sarkozy here Wednesday night. "Our meeting today means a new starting point for the bilateral relations, and I hope the two sides work together to usher in a new phase in Chinese-French ties," Hu said at the start of his meeting with Sarkozy. Chinese President Hu Jintao (R) shakes hands with French President Nicolas Sarkozy during their meeting in London, Britain, on April 1, 2009.The two leaders were meeting ahead of a Group of 20 summit on the financial crisis, scheduled here for Thursday. China and France said in a press communique issued Wednesday simultaneously by their foreign ministries that the two sides "attach great importance to China-France relations" and reiterated their adherence to the principle of non-interference in each other's internal affairs. In the communique, France pledged not to support "Tibet independence" in any form.
BEIJING, March 29 (Xinhua) -- Chinese Vice Premier Wang Qishan has called on the international community to "act together" at the upcoming London summit to get through the global financial crisis, in an article published by the British newspaper The Times on Friday. In the article entitled "G20 must look beyond the needs of the top 20," with a subtitle "China believes the developing world should have a stronger say in how the international financial system is run," Wang urged all heads of states to be present at the G20 London summit to "act together to get through the time of hardship." After the financial crisis broke out, China was quick to put in place a decisive plan to boost domestic demand, advance economic restructuring and improve people's well-being, which have started to produce results, said the vice premier. However, the Chinese economy still faces severe challenges, including to meet the demanding goal of maintaining economic growth by boosting domestic demand, ensuring employment and readjusting the economic structure. China also has to cope with shrinking external demand caused by the global economic downturn and trade and investment protectionism, Wang said. "China will continue to take forceful measures to maintain steady and fast economic growth and contribute its share to an early recovery of the world economy," Wang pledged in the article. Since the G20 summit in Washington last year, said Wang, China has provided a lot of assistance and support through a variety of means to a number of countries and regions, and played a part in the creation of significant Asian and global economic and trade initiatives. The Chinese leader stressed the significance of the international community to enhance coordination and cooperation to overcome the current difficulties. "Efforts should be made to expand trade and investment cooperation to bolster economic growth, step up cooperation among small and medium-size businesses to ensure employment stability, and strengthen cooperation in energy conservation and emissions' reduction, environmental protection and development of new energy technologies to nurture growth points for the world economy," Wang suggested. He firmly rejected trade and investment protectionism of all kind. "The international community should recognize that the trend towards economic globalization is irreversible and should take credible steps to reject all forms of trade and investment protectionism," he said. Wang also called on the international financial system to be reformed, "with the focus on readjusting the governance structure of international financial institutions and increasing the representation and voice of developing countries." He asked the London summit to set a clear goal, timetable and road-map for such reform. To prevent similar crisis from happening again, Wang, also a Chinese economic expert, suggested prudent regulation of all financial markets and institutions involved to be tightened and regulatory coordination and cooperation at both the regional and international levels to be increased. On the hot topic of increasing financial resources for the International Monetary Fund (IMF), he said China supports the increase as far as the fund is safe and reasonable returns can be ensured. "China is ready to play an active part in exploring ways to raise resources and will contribute to this effort within its ability," Wang said. He asked the IMF to mobilize resources through the "quota-based" system as well as voluntary contributions, striking a balance between the rights and obligations of the contributing countries. As a return, said the Chinese vice premier, the IMF must enhance capacity-building, reform governance structure and ensure that the resources play a significant role in easing the international financial crisis and countering the global economic downturn. China inclines to see the resources mainly to be used to help developing countries which are seriously hit by the crisis, Wang said. Leaders of the world's 20 largest economies will meet in London on Thursday to discuss, among other things, a coordinated response to the current global financial crisis
BEIJING, March 5 (Xinhua) -- Chinese leaders joined deputies to the National People's Congress (NPC), the country's top legislature, in deliberating the government work report by Premier Wen Jiabao Thursday, calling for concerted efforts to overcome difficulties and achieve fresh development. When joining NPC deputies from the eastern Jiangsu Province, President Hu Jintao urged them to have a clear mind of the current domestic and international situation, saying "challenges before us are really severe, but opportunities still exist". Chinese President Hu Jintao (front R), meets with deputies to the Second Session of the 11th National People's Congress (NPC) from east China's Jiangsu Province, in Beijing, capital of China, March 5, 2009. Hu Jintao joined in the panel discussion of Jiangsu delegation on the opening day of the Second Session of the 11th NPC. It is a must to seize the opportunities, brave the challenges and do our utmost to minimize the impact of the international financial crisis, Hu said. "(We) must break new ground by tackling challenges and achieve fresh development by overcoming difficulties," he added. He called for more efforts to improve the well-being of the people especially when there are difficulties in the way of economic development. This included increasing job opportunities, expanding the social security net and providing better education and medical care services. The president urged officials at all levels to oppose waste and extravagance and make good use of money to promote economic and social development and improve people's lives. He asked officials to "study earnestly, behave honestly and work with integrity." Wu Bangguo (front R), member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee and also chairman of the Standing Committee of the National People's Congress (NPC), shakes hands with a deputy to the Second Session of the 11th NPC from east China's Anhui Province, in Beijing, capital of China, March 5, 2009. Wu Bangguo joined in the panel discussion of Anhui delegation on the opening day of the Second Session of the 11th NPC.While deliberating the report with lawmakers from Anhui Province, top legislator Wu Bangguo said priority should given to maintaining steady and relatively rapid economic growth, accelerating economic restructuring and improving people's well-being. Top political advisor Jia Qinglin echoed Wu's view while discussing with deputies from Beijing. Jia Qinglin (R), member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee and also chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), meets with deputies from Beijing to the Second Session of the 11th National People's Congress (NPC) in Beijing, capital of China, March 5, 2009. Jia Qinglin joined in the panel discussion of Beijing delegation on the opening day of the Second Session of the 11th NPCJia, chairman of the National Committee of the Chinese People's Political Consultative Conference, told said that as the national capital, Beijing has gained precious experience from hosting the Beijing Olympics and Paralympics. Based on the experience, he hoped the people in Beijing could succeed in creating a good atmosphere for celebrations of the 60thanniversary of New China which falls on Oct. 1. Li Changchun (front R), member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, shakes hands with a deputy to the Second Session of the 11th National People's Congress (NPC) from southwest China's Sichuan Province, in Beijing, capital of China, March 5, 2009. Li Changchun joined in the panel discussion of Sichuan delegation on the opening day of the Second Session of the 11th NPCLi Changchun, member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, said the Scientific Outlook on Development should be embodied in cultural building to better serve the people's cultural needs and promote economic and social progress. While attending a group discussion with lawmakers from Sichuan Province, Li also praised the province for its reconstruction efforts after the May 12 earthquake last year. Chinese Vice President Xi Jinping (front R), who is also a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, shakes hands with a deputy to the Second Session of the 11th National People's Congress (NPC) from east China's Shanghai Municipality, in Beijing, capital of China, March 5, 2009. Xi Jinping joined in the panel discussion of Shanghai delegation on the opening day of the Second Session of the 11th NPC. Vice President Xi Jinping joined deputies from Shanghai in their discussion and praised the people of Shanghai in their preparations for hosting the World Expo due to open in 2010. He called on Shanghai officials to do everything possible to improve people's lives, properly handle issues concerning the interests of the people and maintain social stability.