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WASHINGTON, Oct. 6 (Xinhua) -- China's growth is projected to average 10.5 percent in 2010 and 9.6 percent in 2011, driven by domestic demand, the International Monetary Fund (IMF) said in a report Wednesday.The Washington-based international lending agency made the projection for the annual fall meetings this weekend of the 187-nation IMF and its sister lending organization, the World Bank."The slight moderation in recent activity is expected to continue through 2011 in light of tighter quantitative limits on credit growth, measures to cool off the property market and limit bank exposure to this, and the planned unwinding of fiscal stimulus in 2011," the IMF said in its report.The report said this year's sustained growth in retail sales and industrial production confirms that private sector activity has advanced beyond the lift from government stimulus."On average over 2010-11, private domestic demand is poised to contribute two-thirds of near term growth, and government activity about one third, whereas the contribution from net exports will be close to zero," the report said.Despite the robustness in domestic demand, the pickup in inflation in 2010 reflected mainly higher food prices rather than core inflation, the report said.The report said China's increasingly wide trading network is driving growth in numerous economies, especially commodity exporters.The report said Asia's medium-term growth depends on the rebalancing of drivers of growth -- greater reliance should be put on domestic markets instead of foreign demand.The report said such a rebalancing in China, the world's second largest economy, is critical to enhance the role of household consumption in domestic growth.The report also recommended that China implement reforms to health care, education, and pension systems to enhance the social safety net.
XI'AN, Oct. 25 (Xinhua) -- A senior leader of the Communist Party of China (CPC) has called for improved living standards for people in the country's old revolutionary base areas.He Guoqiang, member of the Standing Committee of the Political Bureau of the CPC Central Committee and Secretary of the CPC's Central Commission for Discipline Inspection, made the remarks during a visit to northwest China's Shaanxi Province from Oct. 21 to 24.Shaanxi was the cradle of Chinese communists' revolution in the 1930s.He Guoqiang (C front), a member of the Standing Committee of the Political Bureau of the Central Committee of the Communist Party of China (CPC) and chief of the CPC Central Commission for Discipline Inspection, talks with the working staff at a plant of Xi'an Aircraft Industry (Group) Company Ltd. in Xi'an, capital of northwest China's Shaanxi Province, Oct. 24, 2010. He Guoqiang made an inspection tour in Shaanxi from Oct. 21 to 24.Visiting regions hit by the devastating earthquake of May 12, 2008, He asked students and residents to study hard and contribute to the construction of their hometowns and the country.He urged aviation experts at the Xi'an Aircraft Industry Co. Ltd. to improve the company's innovation abilities and acquire more core technologies so as to produce China's own large passenger jet aircraft as soon as possible.

BEIJING, Aug. 30 (Xinhua) -- China and the United States Monday underscored their close economic relationship and called for its healthy growth."China and the United States share very close economic ties," Chinese Vice Premier Wang Qishan told a U.S. delegation led by two Missouri senators - Christopher Bond and Claire McCaskill.Wang said bilateral cooperation in trade, economy, investment and finance generate substantial benefits for both peoples."Both sides should work together to create a sound environment for a positive, cooperative and comprehensive China-U.S. relationship in the 21st century," Wang said.Bond and McCaskill echoed Wang's comments, calling on the two countries to oppose trade protectionism.On global economy, Wang said the recovery of the global economy would be bumpy."All countries are confronted with the common challenge of seeking robust, sustainable and balanced economic growth."Wang also said the Chinese government would "make efforts to strike a balance between maintaining steady and fast economic growth with the restructuring of the economy and the curbing of inflation."The two senators are leading a delegation of nearly 20 leaders from a variety of Missouri businesses, trade unions and universities.During their stay in Beijing, the delegation will meet with officials from the commerce, foreign affairs, civil aviation and agriculture departments.They will also travel to Shanghai on east China's seaboard, where they will call on local officials and tour the ongoing World Expo.
BEIJING, Sept. 3 (Xinhua) -- China's top political advisor, Jia Qinglin, Friday called for more efforts to build "ecological screens," to contribute to the nation's endeavor to combat floods and landslides.Authorities should beef up measures to prevent and control ecological disasters, said Jia, chairman of the Chinese People's Political Consultative Conference (CPPCC) National Committee.He also said authorities should plant more trees and protect and restore wetlands in areas prone to natural disaster. Jia Qinglin (L), chairman of the National Committee of the Chinese People's Political Consultative Conference, meets with participants of the founding meeting of the 6th Board of Administration of the China Green Foundation (CGF) in Beijing, capital of China, Sept. 3, 2010. Founded in 1985, the CGF is a national non-profit organization focusing on promoting afforestation campaigns in China.Jia, also a member of the Standing Committee of the Communist Party of China (CPC) Central Committee Political Bureau, made the remarks when attending a meeting marking the foundation of the 6th Board of Administration of the China Green Foundation (CGF).Founded in 1985, the CGF is a national non-profit organization focused on promoting afforestation campaigns in China. It raises and utilizes funds to expand green land, plant trees and protect mountains and rivers.China has been hit by many floods and landslides this summer.A mudslide in northwest China's Gansu Province in August killed at least 1,471, with 294 still missing.
来源:资阳报