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BEIJING, Jan. 9 (Xinhua) -- Hu Jintao, general secretary of the Central Committee of the Communist Party of China (CPC), urged to deepen fiscal and taxation system reforms, and improve the efficiency of fiscal management, so as to maintain steady and comparatively fast economic development. It is imperative to continue the pro-active fiscal policy and moderately loose monetary policy, with priority given to the implementation of policies that support domestic consumption expansion, economic growth, economic structure adjustments and projects concerning people's livelihood, said Hu at a seminar attended by members of the Political Bureau of the CPC Central Committee and researchers from the nation's top think tanks on Friday afternoon. He also called for more investment in agriculture and rural areas, independent innovation and fostering of emerging strategic industries. More fiscal resources should be channeled to promote public welfare development and back up undertakings concerning people's livelihood, especially education, employment, social security, medical care, affordable housing construction, and environmental protection, according to Hu. Hu also called for improving the taxation system by optimizing taxation system structure, working out a more fair distribution of the tax burden, and standardizing income distribution, in a bid to promote healthy economic development.
BEIJING, Dec. 12 (Xinhua) -- China should take more forward looking and preemptive measures to fight inflation expectations following this year's credit boom and runaway property prices, said a report released by a leading Chinese bank. Bank loans should be extended at a more reasonable pace with improved structures next year and policy fine-tuning is necessary, the Bank of Communications has said in a report released by its financial research center. The government should maintain the continuity and stability of its monetary policy and meanwhile be more targeted and flexible, it said. The report noted an over brisk equity and property market are always prelude of inflation. Money flow should be regulated to prevent asset bubbles. It also suggested government increase supply of land resources and affordable housing and crack down on land enclosure to curb skyrocketing property prices which gained the most in 14 months in November. CPI, the main gauge of inflation, jumped 0.6 percent in November from a year ago, the first monthly growth since January, because of lower statistical bases and rising food prices. The producer price index (PPI), a major measure of inflation at the wholesale level, declined 2.1 percent in November from a year earlier. The report expected PPI to end monthly drop in December, and the annual CPI decline to narrow to 0.8 percent. Hyperinflation is unlikely and CPI is predicted to rise four percent next year, it said.

WASHINGTON, Dec. 30 (Xinhua) -- The U.S. International Trade Commission (ITC) on Wednesday slapped punitive penalties to imports of some 2.6 billion dollar oil country tubular goods (OCTG) from China, a move might escalate trade disputes between the two countries. The ITC "has made affirmative determination in its final phase countervailing duty (CVD) investigation" concerning the oil pipes from China, said the ITC in a statement. The trade agency has determined that "a U.S. industry is materially injured or threatened with material injury by reason of imports of certain oil country tubular goods from China that the U.S. Department Commerce has determined are subsidized," according to the statementThe U.S. Commerce Department made a final determination last month to impose duties between 10.36 percent and 15.78 percent on the pipes, which are mostly used in the oil and gas industries. The ITC ruling paved the way for the imposition of duties. The Commerce Department made its preliminary determination of CVD in September. On Nov. 4, the Commerce also set preliminary antidumping (AD) duties on such imports from China, which is the biggest U.S. trade action against China. Under that preliminary determination, Commerce set a 36.53 percent antidumping levy on OCTG from 37 Chinese companies, while some other Chinese companies will receive a preliminary dumping rate of 99.14 percent. Commerce will make its final determination of antidumping duties early next year. If Commerce makes an affirmative final determination, and the ITC makes an affirmative final determination that imports of oil tubular goods from China materially injures, or threaten material injury to, the domestic industry, Commerce will issue an antidumping duty order. The antidumping and countervailing petition case was filed in April this year. From 2006 to 2008, imports of OCTG from China increased 203 percent by value and amounted to an estimated 2.7 billion dollars in 2008, said the U.S. Commerce Department. China strongly opposed the U.S. decision, saying that it is a protectionist move. "China expressed strong dissatisfaction and is resolutely opposed to this," said China's Ministry of Commerce (MOC) spokesman Yao Jian in a statement in September. "This does not comply with WTO agreements on subsidies. The U.S. used an incorrect method to define and calculate the subsidies, which has resulted in an artificially high subsidy rate, hurting Chinese firms' interests," said Yao. "We hope the United States can get rid of the bias and admit China's market economy status soon to tackle the double standards thoroughly and give Chinese enterprises equal and fair treatment," Yao also said last month. The U.S. industries also expressed strong dissatisfaction with the trade case, saying such a protectionist move would hurt U.S. companies. The trade restrictions would "hurt U.S. using industries by raising their costs and making sources of supply uncertain," Eugene Patrone, executive director of the Consuming Industries Trade Action Coalition (CITAC) told Xinhua in September. He noted that the tariffs would make oil and gas exploration and production be more expensive, projects be delayed, "which is against our national goal of being less dependent on imported energy." The onset of the global recession appears to have set off an increase in trade disputes around the world. Globally, new requests for protection from imports in the first half of 2009 are up 18.5 percent over the first half of 2008, according to the World Bank-sponsored Global Anti-dumping Database organized by Chad P. Bown, a Brandeis University economics professor. That increase follows a 44 percent increase in new investigations in 2008. And China has become the main target of the rising protectionism. In another steel dispute, the U.S. Commerce Department said on Tuesday that it will impose antidumping tariffs of 14 percent to 145 percent on imports of 91 million dollar steel grating from China. A final determination will be made by the department in April 2010.
BEIJING, Dec. 1 (Xinhua) -- Chinese Premier Wen Jiabao encouraged HIV/AIDS sufferers to live on with hope and confidence during his visit to a Beijing hospital on the World AIDS Day, which falls on Tuesday. At the Beijing Home of Red Ribbon in Ditan Hospital, Wen and Vice Premier Li Keqiang visited two AIDS patients and medical volunteers, experts. Since China reported its first AIDS case in 1985, the world's most populous nation had recorded 319,877 HIV/AIDS cases and 49,845 deaths by October, according to the Ministry of Health. Chinese Premier Wen Jiabao (3rd L) and Vice Premier Li Keqiang (4th L) listen to HIV researchers' speech during their visit at the Beijing Home of Red Ribbon in Ditan Hospital in Beijing, capital of China, Dec. 1, 2009 Yet, the statistics only include cases reported by medical facilities. The ministry and the UNAIDS estimate that China will have 560,000 to 920,000 living HIV carriers, with 97,000 to 112,000 AIDS patients by the end of 2009. Over the past six consecutive years, Premier Wen inspected HIV/AIDS prevention and treatment work every year and even invited orphans whose parents died of AIDS to tour Zhongnanhai, a compound of buildings for the central authorities in the heart of Beijing. At the Beijing Home of Red Ribbon on Tuesday, Wen put on a red ribbon, the awareness symbol for the fight against AIDS, and shook hands with two HIV carriers, who are also instructors there. Wen said that attention should be paid to AIDS prevention not only on the World AIDS Day, but also in daily life and work. Chinese Premier Wen Jiabao (front C) shakes hands with a German HIV expert while Vice Premier Li Keqiang (3rd R) looks on at the Beijing Home of Red Ribbon in Ditan Hospital in Beijing, capital of China, Dec. 1, 2009 Lao Zhao, an HIV sufferer, told Premier Wen that he was diagnosed HIV positive in 2003 and has received medical treatment thanks to the country's policy of "four frees, one care". Since the end of 2003, the Chinese government has carried out the policy "four frees, one care" including free blood tests for those with HIV, free education for orphans of AIDS patients and free consultation, screening tests and antiretroviral therapy for pregnant women. Premier Wen told Lao Zhao that the AIDS patients should keep an optimistic mood, self-confidence and persist in taking the anti-AIDS medicine and therapy. Wen also encouraged Lao Zhao and other AIDS patients to provide psychological counseling for their ward mates and exchange their therapy experience for mutual encouragement. "The efforts of the volunteers and the fellow patients will reduce psychological pressure of HIV/AIDS sufferers and help them establish self-confidence so as to live on with optimistic attitude and fight against the disease," Wen said. The government's "four frees, one care" policy is meant to arouse attention to the AIDS patients and instead of discriminating against them, create an atmosphere that cares about AIDS patients, Wen said. The Premier also encouraged the volunteers working at the Beijing Home of Red Ribbon to provide more help to the AIDS patients with heart and soul. In meeting with medical staff and HIV researchers, Premier Wen said that the AIDS is a serious health issue as well as a social issue that the world is facing. Wen pointed out five measures to prevent and control the disease. Chinese Premier Wen Jiabao (2nd R, rear) and Vice Premier Li Keqiang (3rd R, rear) talk with AIDS patients and medical volunteers, experts at the Beijing Home of Red Ribbon in Ditan Hospital in Beijing, capital of China, Dec. 1, 2009First, beefing up the prevention knowledge spread among the people and improve medical treatment service. Second, strengthening AIDS/HIV epidemic monitoring work to accurately learn about the situation.. Third, further implementing the "four frees, one care" policy to ensure all HIV carriers and AIDS patients are cared for and respected. Fourth, enlarging the coverage of social interference concerning the disease. Fifth, beefing up research work to improve prevention and treatment capabilities. Chinese President Hu Jintao pledged mobilizing the whole society to improve AIDS/HIV control, when speaking to a gathering of AIDS prevention volunteers on Monday, a day before the 22nd World AIDS Day.
CHANGSHA, Dec. 2 (Xinhua) -- Senior Chinese leader Li Changchun has called on publicity departments and media organizations to "vigorously" disseminate the core values of socialist China and inspire the public to achieve the Party's development goals. Li, member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, said during his inspection tour to Hunan Province that China's achievements in the reform and opening up and modernization cause should be well presented, as well as the country's successful experience in dealing with the financial crisis. Li's five-day tour ended Wednesday, during which he urged publicity departments and news media to "spread China's practices in keeping economic development steady and relatively fast amid the international financial crisis."
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