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BEIJING, Oct. 17 -- The government is ready to introduce a series of measures to cushion the impact of slower growth in foreign trade and industrial output caused by the global credit crisis, the vice-minister of the National Development and Reform Commission, said Thursday. Speaking at a press conference held by the State Council Information Office in Beijing, Du Ying said that as the global economy has slowed, foreign trade volume, value-added output and the profit growth of industrial firms based in China's coastal areas have shown a downward trend in the second half of the year. "The State Council is greatly concerned by the trend and is ready to introduce a series of measures," he said. But the full impact of the global financial crisis has yet to be seen, he said. "We must have a full picture of the difficulties and challenges," he said. The government has already taken several measures to combat the impact, including lowering the deposit reserve ratio, helping small- and medium-sized factories to upgrade their technologies, and introducing more favorable credit policies, Du said. He said he is confident China can weather the storm. "As in the past, China can overcome the challenges and difficulties and enter a new stage of development. I'm fully confident of that," Du said. With the global financial crisis continuing to escalate, China - the world's fourth largest economy - has seen its major economic indexes slide. The National Bureau of Statistics is due to release figures on Monday for the economic situation over the past three quarters. Some analysts have forecast that GDP growth might drop further in the third quarter, from 10.1 percent in the second quarter and 11.9 percent for the whole of last year. Yang Xiong, vice-mayor of Shanghai, said the city's industrial output growth fell to 6 percent last month from an average of 11.5 percent per month in the first three quarters. The financial hub remains in good shape, however, partly due to investments in preparation for the 2010 World Expo, he said. Zhao Kezhi, deputy governor of Jiangsu, said the province's trade figures were down 4 percent year-on-year in the first nine months. Chen Min'er, vice-governor of Zhejiang, said the province had witnessed "individual" cases of company failures, but denied media reports of widespread factory closures. Authorities will respond by trying to cut the tax burden on local firms, make more credit available and ensure a sufficient supply of land and power for manufacturers, Chen said, adding that now was a good time to weed out obsolete, polluting plants. On Wednesday, Zhou Xiaochuan, governor of the central bank, called for increased domestic consumption to counter the economic slowdown. "Due to the impact of various factors, we may need to increase domestic demand," he told Hong Kong-based Phoenix TV.

BEIJING, Nov. 10 (Xinhua) -- Jia Qinglin, chairman of the National Committee of the Chinese People's Political Consultative Conference, the country's top political advisory body, called on the country's private enterprises to play an active role in economic growth. Jia, also a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, said the private sector should step up efforts on the development mode shift and optimize product structures during a research tour in the eastern Zhejiang Province from Nov. 7 to 10. Jia Qinglin (L), chairman of the National Committee of the Chinese People's Political Consultative Conference(CPPCC), talks with an employee with Huayi Electric Apparatus Group(HEAG) in Hangzhou, capital of east China's Zhejiang Province, on Nov. 9, 2008. Jia made an inspection in Zhejiang on Nov.7-10He told non-public companies to make full use of the opportunity of the government's decision to boost domestic consumption in the coming years. The government on Sunday announced it would launch a stimulus package estimated at 4 trillion yuan (570 billion U.S. dollars) to be spent over the next two years to finance programs in 10 major areas, such as low-income housing, rural infrastructure, water, electricity, transport, the environment and technological innovation. Jia said over the past three decades the private sector had made important contributions to China's economic development, technology innovation, job creation and other areas. He added that they should enhance innovation capabilities and sharpen competitive edges to better cope with adverse global economic conditions. He urged on local governments to earnestly implement favorable policies for private companies, help enhance their risk management capabilities and create a sound development environment for them.
BEIJING, Oct. 17 (Xinhua) -- Vice President Xi Jinping expressed the hope to further boost exchanges between the Communist Party of China (CPC) and the French Union for a Popular Movement (UMP) here Friday. "As ruling parties of respective countries, the CPC and UMP both face the challenges from domestic reform and economic globalization," Xi told Patrick Devedjian, UMP general secretary, during their meeting here. Chinese Vice President Xi Jinping (R) shakes hands with Patrick Devedjian, general secretary of French Union for a Popular Movement (UMP), in Beijing, capital of China, on Oct. 17, 2008."We would like to further enhance exchanges and mutual trust to push forward the healthy and stable development of Sino-French ties," Xi noted. He said both China and France are influential countries and maintaining a good relationship complied with the fundamental interest of the two and was conducive to peace, stability and prosperity of the world. China valued the traditional friendship with France, and has always handled bilateral ties from a strategic height and a long-term perspective. Xi also expressed appreciation for France's support to improving the Sino-EU relations. Devedjian said China's development would benefit the world, and the UMP would strengthen relations with the CPC and the Chinese government to contribute to the development of China-France relations.
Jia Qinglin(C), chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), arrives at the airport in Phnom Penh, capital of Cambodia, on Dec. 2, 2008. Jia Qinglin arrived here Tuesday, starting an official goodwill visit as guest of Cambodian Senate President Chea Sim. PHNOM PENH, Dec. 2 (Xinhua) -- China's top political advisor Jia Qinglin arrived here Tuesday, starting an official goodwill visit as guest of Cambodian Senate President Chea Sim. In a written statement delivered upon arrival at the airport, Jia said China and Cambodia are friendly neighbors and the two peoples enjoy time-honored traditional friendship. Since the establishment of diplomatic relations, China-Cambodia friendship has grown from strength to strength, said Jia, chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC). Jia Qinglin(L), chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), arrives at the airport in Phnom Penh, capital of Cambodia, on Dec. 2, 2008. He said the two countries have carried out effective exchanges and cooperation in the political, economic and trade, cultural and other fields and maintained good coordination and cooperation in international and regional affairs. "The growth of China-Cambodia relationship not only serves the fundamental interests of the two peoples, but also peace, stability and development of the region," said Jia, who will have an in-depth exchange of views with Cambodian leaders on issues of mutual interest for the purpose of cementing friendship, deepening mutual trust, promoting cooperation and pursuing common development. He said he is confident that the visit will "be productive and contribute to the long-term stable growth of China-Cambodia good neighborly friendship and cooperation". Cambodia is the last leg of Jia's four-nation visit which has taken him to Jordan, Turkey and Laos.
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