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BEIJING, Jan. 4 (Xinhua) -- China's 2010 economic growth is estimated to reach about 10 percent, according to central bank governor Zhou Xiaochuan.In a speech published Tuesday by the People's Bank of China on its website, Zhou said he was not quite confident that the nation's economy has returned to normal, as external conditions continue exerting an important impact on China's economic recovery. ' Zhou stressed that China should be prudent in its macroeconomic policies and needs to conduct counter-cyclical adjustments against "over-expansion."He also reiterated that the government would promote a market-oriented reform of the interest rate regime in a gradual and unwavering way.Zhou first delivered his speech on Dec. 15 when policymakers were intensifying their efforts to curb property prices and dampen inflation, as the nation's consumer price index hit a 28-month high of 5.1 percent in November.

BEIJING, Dec. 1 (Xinhua) -- Chinese Vice Premier Li Keqiang said Wednesday China and France should together promote the healthy and stable development of bilateral ties.Li made the remarks while meeting with former French Prime Minister Jean-Pierre Raffarin and General Secretary of the Union for a Popular Movement (UPM) Jean-Francois Cope in Beijing.Li spoke highly of Raffarin's long-term contribution to Sino-French ties. He congratulated Cope on becoming General Secretary of the UPM.Referring to the important consensus reached by the two countries' leaders during Chinese President Hu Jintao's visit to France in early November, Li said the China-France relations are developing well.He suggested the two nations further enhance communication and coordination on major international and regional issues while deepening pragmatic cooperation in all areas.Li said the Communist Party of China (CPC) attaches importance to developing friendly cooperative relations with the UPM.The CPC hopes to enhance mutual understanding and trust with the UPM so as to make a positive contribution to bilateral ties and China-Europe ties, he added.Raffarin said China is playing an increasingly important global role.He said he hopes to continue to deepen friendship between the two peoples.Cope said the UPM hopes to strengthen party-to-party exchange and boost bilateral cooperation and communication with the CPC.Founded in 2002 by Jacques Chirac, the UPM currently enjoys an absolute majority in the National Assembly and a plurality in the Senate of France.Its leader, Nicolas Sarkozy, was elected President of France in 2007.

BEIJING, Jan. 10 (Xinhua) -- China and the United States agreed to avoid misunderstanding in developing military ties amid U.S. Defense Secretary Robert Gates' visit to Beijing to restore impaired high-level military exchanges.In their official talks on Monday, Chinese Defense Minister Liang Guanglie and Gates reached consensus on joint efforts to expand common interests, deepen dialogue and exchanges, and avoid misunderstanding and miscalculation to ensure military ties back on the sound track.They pledged to keep open the channel for exchange mechanism like defense and maritime security consultations between the two militaries."There are many areas where we have mutual interests and can work together, those disagreements are best dealt with through dialogue and discussions with one another," said Gates.Chinese Defense Minister Liang Guanglie (R) shakes hands with the visiting U.S. Secretary of Defense Robert Gates at a welcome ceremony in Beijing, capital of China, Jan. 10, 2011. His visit, which came ahead of Chinese President Hu Jintao's state visit to United States later this month, was one of the scheduled high-level contacts that were postponed after the Pentagon decided to sell a nearly 6.4-billion-U.S.-dollar arms package to Taiwan in January of 2010.While reaching agreements on developing resumed military exchanges, the Chinese defense chief warned that U.S. arms sale to Taiwan "jeopardizes China's core interests.""We do not want to see such things happen again. We do not want U.S. weapon sales to Taiwan to further damage the relationship between China and the United States and the two nations' armed forces," Liang told a press briefing.On a question on the development of China's military power, Liang rejected claims that China's military development is a threat, saying its weapons still lag far behind developed countries."China's military hardware development is to meet its sovereignty and security requirements and targets no other countries and poses no threat to others," said Liang.Chinese Vice President Xi Jinping, while meeting with Gates later on Monday, stressed "reliable political basis" for Sino-U.S. military ties, which have gone through ups and downs in the past years.Xi, also vice chairman of China's Central Military Commission, urged the two militaries to take measures to safeguard the "stable and reliable" political foundation, that is, mutual respect for sovereignty, security and development interests."China-U.S. military relationship, as an important part of bilateral ties, is a sensitive field with more complicated factors," said Xi, hoping military-to-military relations could move forward in a healthy and stable manner.Another Vice chairman of China's Central Military Commission Xu Caihou made a three-point proposal on developing China-U.S. military ties, in his meeting with Gates.Xu called on to respect and accommodate each other's core interest and major concern, to cultivate and increase strategic trust between the two armed forces, and to consolidate and expand common interests for both sides.Calling U.S.-China relations the "most important" bilateral ties in the world, Gates told Xu that his visit achieved "important progress" in building stable military ties between both countries.Gates said his country was expecting President Hu's state visit. Hu is due to meet with Gates on Tuesday."China-U.S. military exchanges plays an irreplaceable role in solving deeper differences between the two countries," said Zhu Feng, an researcher on China-U.S. relations with Peking University.He said the military contacts would greatly help to beef up strategic trust between China and the United States, and also influence public opinion.Gates will visit the command of the Second Artillery Force of the PLA on Wednesday. This is his second China trip since he took office in December 2006.

BEIJING, Jan. 14 (Xinhuanet) --The country's GDP growth rate will slow to 8.7 percent this year from 10 percent in 2010, and a key challenge in 2011 will be to ensure that anti-inflationary measures do not "significantly" reduce growth, the World Bank said on Thursday.The bank estimates that global GDP, which expanded by 3.9 percent in 2010, will slow to 3.3 percent in 2011, before reaching 3.6 percent in 2012. Developing countries will continue to outstrip growth in developed countries, it said.Amid credit-tightening measures to combat inflation and surging property prices, China's growth is expected to ease to 8.4 percent in 2012, the bank said.Despite the slowdown, China will spearhead Asia's economic expansion. According to the bank's forecast, the overall growth rate for developing Asian economies will ease to 8 percent from last year's 9.3 percent as governments rein in credit to cool inflationary pressures."For China, a big concern is how to ensure a soft landing of the economy without significantly reducing growth when the government takes measures to curb inflation," said Hans Timmer, director of development prospects at the World Bank.The consumer price index (CPI), a main gauge of inflation, accelerated to a 28-month high of 5.1 percent in November from a year earlier and most economists predict that it will be in the region of 4 to 4.5 percent this year.In a bid to combat inflation, the central bank hiked interest rates by 25 basis points twice in the last quarter of 2010.Ardo Hansson, lead economist of the World Bank's Beijing Office, said the country needs more flexibility in its foreign exchange policy to fight inflation.China's central bank set the yuan's mid-point beyond 6.60 against the US dollar for the first time on Thursday, breaching an important barrier just days before President Hu Jintao's visit to the United States next week.The People's Bank of China set the mid-point, from which the currency can rise or fall 0.5 percent on a given day, for daily trading against the dollar at 6.5997, the first time it had broken through 6.60.The yuan has risen around 3.6 percent since June when authorities dropped a peg with the US dollar that had been set to support the economy during the global financial crisis.Some US politicians have been pressing China to allow the currency to rise at a faster pace to help narrow a trade gap.US Treasury Secretary Timothy Geithner repeated his call on Wednesday for a faster appreciation of the yuan and added that such a move could lead to an easing of restrictions on US technology exports to China, with both civilian and military use."The recent quickened pace of yuan appreciation could be considered as a gesture by the Chinese government before Hu's visit to the US," said Dong Xian'an, chief macroeconomic analyst with Industrial Securities.According to Dong, the yuan will appreciate by 5 to 6.6 percent this year, "a moderate pace".Wang Tao, chief China economist at UBS Securities, said they expected the currency to grow by 5 percent in 2011.The yuan can now be increasingly used in cross-border transactions, in a bid to reduce dependence on the US dollar after Premier Wen Jiabao said in March that he was "worried" about holdings of dollar-denominated assets.The central bank is allowing banks and enterprises in areas that carry yuan-settled trade to use yuan-denominated investment overseas directly, it said in a statement on its website on Thursday, describing the initiative as a pilot program.According to data from HSBC, the average monthly volume of yuan-settled trade surged from 0.6 billion yuan ( million) in 2009 to 68 billion yuan between June and November 2010. And one-third of China's cross-border trade may be settled in yuan by 2016, as the government pushes for the internationalization of the currency.

BEIJING, Jan. 8 (Xinhua) -- Just about two months ago, with a few clicks of the mouse, Chen Ying was able to watch her favorite American TV series, The Vampire Diaries or Gossip Girl, online for free.Like Chen, an employee of a foreign-invested company in Shanghai, many U.S. TV series fans in China have little choice but to watch video clips online because domestic cable channels do not broadcast copyrighted ones. Some even volunteer to upload clips onto video-sharing websites without any charges.But now Chen can rarely find such unauthorized online videos of foreign TV series.In November 2010, the State Administration of Radio, Film and Television (SARFT) announced a ban on any forms of trading and supplying unauthorized foreign TV series.Along with the ban, the Ministry of Culture launched a six-month nationwide crackdown on counterfeiting in October to halt the theft of intellectual property rights (IPRS) and promote public awareness in IPRS protection.In response, China's major video-hosting websites, including Youku.com, Tudou.com and Ku6.com, removed unauthorized foreign TV series videos.A podcastor, using an online name "Xueselaoxie" on the Nasdaq-listed Youku.com, said some 7,000 unauthorized videos of American TV series he had uploaded were deleted by the website in one night.To fans of foreign TV series, the ban might be a nightmare. But to the country, it was an important step in fighting IPRS infringement, said Li Yongqiang, assistant to CEO of Beijing Baofeng Inc., a provider of online video-hosting service.Similar regulations were issued earlier. But never had they received as many reactions as did this one, Li said."I checked some portals after the ban became effective. Some websites removed all the unauthorized videos of American TV series in just one night," Li said."I believe the entire online video-sharing industry had realized the importance of a healthy development environment, and people's awareness of IPRS will be raised," Li said.Following the order from the central government, many provinces beefed up their efforts in cracking down on online IPRS infringement.In northeast China's Jilin Province, the provincial copyright administration shut down two websites, o2sky.com and imdj.net, after they were found illegally providing unauthorized videos of South Korean movies.The ban has resulted in a reshuffle of online video-sharing industry in China, with major domestic websites gearing up to offer copyrighted imports of TV series and films.Sohu TV offered many copyrighted online videos of American TV series, including Gossip Girl, the Big Bang Theory and Nikita, after signing agreements with Warner Bros..Youku.com signed agreements with three major South Korean TV stations - MBC, KBS and SBS. It has also purchased rights from Warner Bros. to stream the hit movie "Inception," and charged five yuan (about 75 U.S. cents) for each view.Additionally, Tudou.com is trying to produce its own films and TV series."From website operators to video producers, content copyright has become more crucial to the survival of video portals," said Li Shanyou, CEO of Ku6.com."It's good to protect IPRS, but I would still like to watch the TV series online for free," said Cui Shan, a citizen of Changchun, capital city of Jilin Province."Definitely there are markets for foreign TV series or movies in China," Cui said. "I think those websites should import more copyrighted movies and keep offering them at a low price to win markets."China now has more than 200 million video website users and the market is growing, said Li Yongqiang. More paid online video programs will emerge as the cost of importing authorized films and TV programs rises.Li said it is likely that video-sharing websites join hands to import copyrighted programs from overseas in order to lower the cost of watching TV series online."But after all, the spirit of the Internet is to share resources. So as China's online video industry becomes more regulated, more resources should be encouraged to be shared for free on the Internet, " Li said.