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BEIJING, Sept. 13 (Xinhua) -- Chinese Vice Premier Li Keqiang Monday called for international cooperation to deal with economic challenges and achieve common development.Li made the remarks at a seminar here marking the 30th anniversary of China's cooperation with the World Bank. During his speech he urged nations to continue opening markets while removing trade and technology barriers.Li reiterated China's stance on opening up and reform, pledging the country would continue to import advanced technologies, equipment, experience, talent and capital while creating a fair business environment for all enterprises.Chinese Vice Premier Li Keqiang addresses the Conference ot the 30th Anniversary of China-World Bank Cooperation in Beijing, Sept. 13, 2010.China would protect intellectual property and grant foreign-funded companies equal treatment, Li added.He also said China would step up the transformation of economic growth mode, which would rely on the nation's opening up and institutional reforms.Li praised the World Bank's efforts on reducing poverty and said China would continue to support the World Bank to make new contributions to world development and prosperity.
BEIJING, Aug. 26 (Xinhua) -- Chinese Vice Premier Li Keqiang has stressed the development of the service industry as part of the government's efforts to promote economic restructuring and to accelerate the transformation of its economic development pattern.Li made his remarks at a meeting focusing on the development and reform of the service industry sponsored by the National Development and Reform Commission (NDRC) on Thursday.The service industry is not only conducive to expanding job opportunities, but also has a low cost of resources, Li said.He further called on local authorities to be innovative in using their regulatory systems to shore up the development of the service industry.Representatives from Shanghai, and provinces of Liaoning, Jiangsu, Hubei and Sichuan explained their experiences in creating service industries.
BEIJING, Oct. 21 (Xinhua) -- China's national political advisors Thursday offered suggestions on the national development plan for 2011 to 2015, at a meeting of the Chinese People's Political Consultative Conference (CPPCC) in Beijing.Jia Qinglin, chairman of the CPPCC National Committee, the top political advisory body, attended the meeting.At the gathering, 15 CPPCC members made speeches in which they advised the government on issues such as improving education, adjusting income distribution, developing the western regions, enhancing China's innovative abilities and public welfare.The Communist Party of China Central Committee outlined the key objectives of the 12th five-year development plan in a four-day meeting that ended on Monday.The plan will be drawn up by the State Council, or the Cabinet. China's top legislature, the National People's Congress, will vote on the plan at its annual plenary session early next year.
BEIJING, Sept. 9 (Xinhua) -- Central banks should provide incentive mechanisms for banks to extend more loans to support the real economy, Zhou Xiaochuan, governor of the People's Bank of China (PBOC), or the central bank, said Thursday.Speaking at a forum in Beijing sponsored by Oxford University and the China Development Research Foundation, Zhou reviewed the worldwide central banks' role in helping grapple with the financial crisis, pointing out that zero interest rate policies adopted in many countries could discourage banks from extending lending.He said, however, that a central bank should maintain a certain interest rate margin, which will help banks to recover from damages brought by the global credit crunch and strengthen their abilities to extend loans.