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BEIJING, Oct. 17 (Xinhua) -- China issued new rules on reporting activities by foreign correspondents on its territory late Friday, allowing them to interview without application to foreign affairs departments. "The new rules follow the major principles and spirits of the media regulations introduced for the Beijing Olympics," Chinese Foreign Ministry spokesman Liu Jianchao said at a late night press conference. The conference began 15 minutes before the expiry of the temporary Olympic rules, which were introduced on January 1, 2007 and removed media restrictions on foreign reporters during the Beijing Games. "In the form of a long-lasting law, the 23-item new rules make that temporary arrangement a standard practice," Liu said. "The new regulations are significantly different from those issued in 1990," spokesman said. Foreign reporters wishing to interview organizations or individuals in China no longer need to be received and accompanied by the Chinese organizations, Liu said. It canceled an item in the old version that asked foreign reporters to get approval from the local government's foreign affairs department when they wanted to do reporting in the regions open to them. The new rules also lifted an item asking them to get approval from the Foreign Ministry when they wanted to visit the regions not open to them and register at the police. "Foreign reporters still need to ask for permission to do reporting in Tibet and other areas that are off-limits to foreign reporters, like some military facilities," Liu said. The 17th item of the new rules said foreign reporters need to gain agreement from the person or organization to be interviewed while they are working in China. According to the new rules, permanent offices of foreign media and reporters can "temporarily" import, install and use radio communication devices for news reporting after gaining approvals from the Chinese government according to laws. "China adopts a basic policy of opening up to the outside world, protects the lawful rights and interests of the permanent offices of foreign media organizations and foreign journalists in accordance with law, and facilitates their news coverage and reporting activities that are carried out according to law," the new rules said. The rules asked resident foreign reporters to apply for a press card to the Foreign Ministry or local foreign affairs departments within seven working days after their arrival in China. With press cards, they also need to get residency cards from the local police where they are to stay. Press cards of those who stay in China for less than six months every year will be revoked, the document said. Resident foreign reporters or those for short-term news reporting in China shall apply a journalist visa. The new rules do not ask resident foreign reporters to renew their press cards annually. Permanent offices of foreign media and reporters may hire Chinese citizens to do auxiliary work but have to hire them organizations designated by the Foreign Ministry or local governments to provide services to foreign nationals, according to the new rules. The new rules took effect from Oct. 17.
LIMA, Nov. 23 (Xinhua) -- Chinese President Hu Jintao said Sunday that China and Russia should strengthen strategic coordination at a time when the global political and economic structures are undergoing the most profound changes since the end of the Cold War. Hu made the remarks at a meeting with his Russian counterpart Dmitry Medvedev on the sidelines of the 16th Economic Leaders' Meeting of the Asia-Pacific Economic Cooperation (APEC) forum in Lima, Peru. China and Russia should make concerted efforts to overcome the impact of the ongoing global financial crisis, maintain the sound momentum of their economic growth, and push ahead with reforms of the international financial system, the Chinese president said. Chinese President Hu Jintao (R) shakes hands with Russian President Dmitry Medvedev during their meeting in Lima, capital of Peru, Nov. 23, 2008. Hu also called for efforts to earnestly carry out the outline on implementing the Sino-Russian Good-Neighborly Treaty of Friendship and Cooperation. The two nations should enhance consultation on strategic security, and conduct timely exchanges of views on major international and regional issues and coordinate their positions, Hu said. On issues related to their core interests, China and Russia should continue to strengthen mutual support and coordination, he added. Efforts should also be made to combine the development of the Sino-Russian strategic cooperative partnership with market-oriented policies, so as to further promote their pragmatic cooperation in various fields, he said. As for the Six-Party Talks on the nuclear issue on the Korean Peninsula, Hu urged relevant parties to continue to strengthen coordination and cooperation, push forward the talks and strive for the gradual establishment of a mechanism for peace and security in Northeast Asia. He expressed China's support for Russia's role as an initiator in the establishment of the mechanism, adding that the two countries should also enhance coordination in promoting regional economic cooperation. Medvedev said the two countries should strengthen strategic consultation on issues relating to peace and security across the world and in the Asia-Pacific region. Russia is willing to strengthen consultation and cooperation with China in jointly coping with the global financial crisis, the Russian president said. The financial departments of the two countries could hold a meeting at an appropriate time to discuss how to implement the results of the financial summit of the G20 held a week ago in Washington and those of the APEC Economic Leaders' Meeting, he said. On the Six-Party Talks, the Russian president said relevant parties should properly handle their differences and make efforts to push forward the talks and promote peace and security in Northeast Asia.
This undated photo shows Chinese President Hu Jintao (front,C) visits the Shenyang Blower Works Group Co., Ltd. in northeast China's Liaoning Province. Hu inspected the province from Dec. 12 to Dec. 14, 2008. SHENYANG, Dec. 14 (Xinhua) -- Chinese President Hu Jintao called for maintaining a stable and healthy economic growth amid the challenges in industrial restructuring, export, employment and people's lives during his visit to northeast Liaoning Province from Friday to Sunday. Hu paid a visit to Liaoning, a center of heavy industries, after the annual Central Economic Work Conference, setting the tone for next year's economic development, closed on Wednesday. "Our top economic target next year is to maintain a stable and healthy growth," he said at a meeting with the provincial officials. "We should be clear about the serious challenges and difficulties from home and abroad but also realize the great opportunities and favorable conditions in it." He listed several works the country would do, such as to seriously implement macroeconomic policy, to boost economic restructuring, to greatly enhance capacities for independent innovations, to control pollution and protect the environment and to deepen the reform and opening-up. Hu also stressed that to maintain social stability was very important when the economic development faced some problems. During his visit here, the president paid visits to three large state-owned enterprises. At a new assembly line of Angang Steel Co. Ltd., the first steel producer founded by the People's Republic of China, Hu inquired about its business perspective. "As a leading company in our steel industry, we hope you to take the advantage of your technology and scale to contribute to the country's economic growth," he said. Hu expected these state-owned enterprises to focus more on research and development so that they could develop more core technologies, maintain a technical advantage and catch up with the world leading level. Export-oriented enterprises were widely affected by the global financial crisis. The president was concerned about their conditions and visited two companies during his stay here. Visiting a joint venture clothing manufacturer in Yingkou city of Liaoning, he learned that the number of overseas orders it received for next year dropped month after month. "I hope you to be more confident in face of difficulties," he said. "While maintaining the traditional markets (Europe and U.S.A.), you may try to explore new markets." At Shenyang Yuanda Aluminium Industry Engineering Co. Ltd, Hu was glad to learn that the company's revenue reported a year-on-year rise of 72 percent in the first ten months this year and the value of overseas orders increased by 1.5 times. "This was very rare and commendable in a shrinking international market," he said. "I hope you to continue the strategy to win clients through quality products." This undated photo shows Chinese President Hu Jintao (C) talks with a job provider at the human resource market of Shenyang, capital of northeast China's Liaoning Province. Hu inspected the province from Dec. 12 to Dec. 14, 2008. Hu inspected an metal research institute and a high-tech company during his visit, to show the importance the central government paid to enhancing the capacities for independent innovations. The Institute of Metal Research under the Chinese Academy of Sciences had an outstanding lab on titanium alloy research and SIASUN Robot & Automation Co. Ltd. was a national research center on Robotics, as well as a base for its industrialization. The president also expressed great concerns about common people's lives under a condition of economic slowdown. "Next year's employment market will be very serious, affected by the international financial crisis," Hu said upon visiting an employment service organization. The country would adopt a "even more active" policy to increase employment, he said, adding that all staff in employment service should work harder. In a renewed residence community, Hu dropped in the apartment of a retired worker Wan Fu. In the past three years, 52 new apartment buildings have replaced small and shabby cabins in this community, home to 2,200 families including Wan's. This undated photo shows Chinese President Hu Jintao (2nd,L) talks with an old couple, who just moved into their new house following a residence-rebuild project, in Yingkou of northeast China's Liaoning Province. Hu inspected the province from Dec. 12 to Dec. 14, 2008. Wan used to live in a 40-square-meter cabin with seven family members but now in a 54-square-meter new apartment only with his wife. Both his sons have new apartments as well. "The apartment is comfortable, warm and convenient," he told the president. "To buy this apartment, we did not have to borrow any money, but just with our savings." "The harder the economic situation is, the more attention we should pay to people's lives. The central government has decided to invest more in public service," Hu said. He promised that more people like Wan would move into new homes and retired workers would have higher pension.
BEIJING, Oct. 29 (Xinhua) -- China's central bank, the People's Bank of China (PBOC), announced on Wednesday it would cut benchmark interest rates by 0.27 percent to spur economic growth as of Oct. 30. The benchmark one-year deposit rate would drop to 3.60 percent from 3.87 percent, while the benchmark one-year lending rate would fall from 6.93 percent to 6.66 percent. This is the second such move in less than one month, highlighted the government's rising concern over the slowing economy and slumping capital market. The previous was on Oct. 8, when the PBOC announced to cut deposit and lending rates was lowered by 0.27 percentage points and decided to cut the reserve-requirement ratio by 0.5 percentage points from Oct. 15. "It reflects that the government is worried about a cooling down economy and other domestic problems, amid a deepening U.S.-originated world credit crisis, " said Tang Min, China Development Research Foundation deputy secretary. China's gross domestic product (GDP) grew to 20.16 trillion yuan (2.96 trillion U.S. dollars) in the first three quarters of this year, up 9.9 percent from the same period of last year. The growth rate was 2.3 percentage points lower than the same period of last year, and half a percentage point lower than the first half. "This was also a timely response to the rate cuts by other central banks worldwide and part of a coordinated effort to stem the global financial crisis, " said Tang. The recent intensification of the financial crisis has augmented the downside risks to growth and thus has diminished further the upside risks to price stability, experts say. Tang added, the easing in inflation has given room for the authorities to loosen monetary policy. Inflation is no longer a threat with the declining commodities prices. China's consumer price index (CPI), the main gauge of inflation, rose 4.6 percent in September over the same period last year, off from the 12-year high of 8.7 percent in February. "A lower interest rate will help domestic enterprises to cut business costs, and boost economic development. This is in line with the country's expectation," Tang noted. Zhuang Jian, senior economist with Asia Development Bank echoed with Tang, saying a relaxed credit and financing environment is a key factor to enlarging domestic demand and boost consumption. "Maintaining a fast and sound economic development is the government's top priority currently," Zhuang added. However, Zhuang noted, monetary policy alone was not enough to boost domestic economy in the long term. Other fiscal policies were also very important. Guo Tianyong, director of banking research center with Central University of Finance and Economics said, this move was also contribute to rebuilding people's confidence over the poorly-performing domestic stock market and real estate market. China's stock market dropped more than 66 percent from its peak last October, while real estate prices continue to fall in recent months. Last week, China announced an array of policies, including tax exemption and mortgage deposits reduction, to boost the falling real estate sector amid the global economic slowdown. The interest rates on a mortgage for first time home buyers was cut by 0.27 percentage points as of Oct. 27. The floor for interest rates would be lowered to 70 percent of the central bank's benchmark rate, the central bank said.
Li Changchun (5th R, 2nd row), member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, poses for photos with artists after a concert celebrating 30 years' reform and opening-up in Beijing Dec. 10, 2008. (Xinhua Photo) BEIJING, Dec. 10 (Xinhua) -- Li Changchun, member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, watched on Wednesday night a performance that marked the 30th anniversary of the country's reform and opening-up. The concert in Beijing featured poem recitation and chorus of songs as an ode to the achievements China has made in the past 30 years. It was one of a series of performances organized by the China Literature and Arts Federation to commemorate the anniversary. Liu Yunshan, member of the CPC Central Committee Political Bureau and head of the CPC Central Committee Publicity Department, and State Councilor Liu Yandong also attended the event.