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BEIJING, Dec. 25 (Xinhua) -- Chinese Vice Premier Li Keqiang has urged to improve taxation regulations to boost economic development and better ensure people's livelihood. Li made the remarks when visiting the State Administration of Taxation on Thursday. Taxation is a major measure to pool financial revenue and boost social and economic development, and it also plays an important role in adjusting income distribution and improving people's livelihood, Li said. Chinese Vice Premier Li Keqiang (C Back) addresses a symposium on taxation work at the State Administration of Taxation in Beijing, capital of China, Dec. 24, 2009. He urged better collection and use of tax to ensure livelihood of people with low income and support agriculture and the development in remote, poor areas. To alleviate burdens on enterprises against the backdrop of the global economic crisis, China carried out the tax reduction policy this year. Tax and fee reduction nationwide totaled 550 billion yuan (80.5 billion U.S. dollars).
BEIJING, Dec. 8 (Xinhua) -- Chinese President Hu Jintao Tuesday spoke highly of the strategic security talks with Russia that helped to promote bilateral ties, pledging to further the bilateral strategic partnership of cooperation in the coming year. The security talks, initiated in February 2005, served as a platform for the two states to enhance political trust and cooperation in various fields, especially in law-enforcement and security aspects. Chinese President Hu Jintao (R) meets with Russian Security Council Secretary Nikolai Patrushev in Beijing, capital of China, Dec. 8, 2009Chinese State Councilor Dai Bingguo and Russian Security Council Secretary Nikolai Patrushev attended the fourth round of talks in Beijing early Tuesday. They discussed bilateral ties, saying it witnessed a balanced, smooth and quality development this year, which marks the 60th anniversary of the establishment of diplomatic relations between the People's Republic of China and Russia. They applauded the frequent high-level visits, improved strategic coordination, enhanced strategic mutual trust, and the expanding economic and humanitarian cooperation. China and Russia hold the fourth round of strategic security consultations in Beijing, capital of China, Dec. 8, 2009. "The two sides believed that the strategic coordination between China and Russia played an important role in safeguarding the two states' strategic security interest, development, and the world peace and stability," the Chinese Foreign Ministry said in a press release. The two sides pledged to further strengthen coordination in their strive to promote the reform on global governance mechanism, maintain close cooperation on major international and regional issues, enhance regional cooperation and preserve their common interest. Chinese State Councilor Dai Bingguo (R Front) shakes hands with Russian Security Council Secretary Nikolai Patrushev after they signed the China-Russia strategic security consultations mechanism cooperation protocol following the fourth round of strategic security consultations in Beijing, capital of China, Dec. 8, 2009. They also discussed the nuclear issue on the Korean Peninsula, Iran's nuclear program, the Group of 20, the reform of the United Nations, climate change, nuclear disarmament, the BRIC and the Shanghai Cooperation Organization, Chinese diplomatic sources said. "The world is experiencing dramatic change and adjustment, which will offer new opportunities and challenges for the development of both China and Russia," Hu said during a 40-min meeting with Patrushev in the Great Hall of the People in central Beijing. It will also raise new task and requirements for the development of the China-Russia strategic partnership of cooperation, Hu told the senior Russian security official. China will work along with Russia, take the opportunities and enhance the all-round strategic coordination and substantial cooperation in various fields in a bid to lift bilateral ties into a new phase, Hu noted. Hu proposed the two sides to tap the full potential of the strategic security talks so as to make further contribution to the development of bilateral ties. Patrushev echoed Hu's remarks on world situation, adding that it is of great significance for Russia and China to speed up strategic coordination under the context of the global financial crisis. The frequent exchange of high-level visits and cooperation in various fields fueled the development of bilateral ties, he said, vowing to further enhance cooperation with China in a bid to bolster bilateral ties.
BEIJING, Nov. 17 (Xinhua) -- China and the United States issued a joint statement in Beijing Tuesday, vowing to deepen counter-terrorism consultation and cooperation between the two countries on an equal and mutually beneficial basis. The two sides promised they would boost joint efforts to combat transnational crime and criminal organizations as well as money laundering and the financing of terrorism, including counterfeiting and recovery of illicit funds. Issued after the meeting between Chinese President Hu Jintao and visiting U.S. President Barack Obama, the statement formulated that the two countries would strengthen cooperation on criminal investigations and deepen collaboration in combating embezzlement. Other areas, such as counter-narcotics, control of pre-cursor chemicals and combating unlawful migration, smuggling and human trafficking, are also targeted for more cooperation in the future. The two countries agreed to exchange evidence and intelligence on law enforcement issues in a timely and reciprocal manner, and undertake joint investigations as well as provide investigative assistance on cases of mutual interest, according to the statement. Obama is in Beijing for a four-day state visit to China that started in Shanghai on Sunday night.
BEIJING, Dec. 10 -- China will extend stimulus measures in the automobile industry for one more year, with small adjustments, to further support the world's biggest and fastest-growing auto market. The government announced the decision Wednesday after an executive meeting of the State Council chaired by Premier Wen Jiabao. The stimulus package, which was due to expire at the end of this month, includes a 50 percent cut in the 10 percent purchase tax for cars with an engine capacity of, or less than, 1.6 liters and subsidies for trade-in cars. It will now be extended to Dec 31, 2010. However, the purchase tax for smaller cars will be lifted from the current 5 percent to 7.5 percent of the total vehicle price. Buyers examining a small car in an auto market in Nanjing. Purchase tax for smaller cars will be levied at 7.5% Furthermore, the government also decided to raise the subsidy for trade-in cars from between 3,000 and 6,000 yuan to between 5,000 yuan and 18,000 yuan per vehicle. The stimulus package launched by the government in January helped China's automobile sales to exceed an expected 13 million units this year, making the country surpass the US as the world's biggest auto market. "It's unusual that demand for automobiles in a country increases more than 4.5 million units within 12 months, and sales break the monthly record for seven months in a year," said Rao Da, secretary-general of China Passenger Car Association. Statistics from the China Association of Automobile Manufacturers (CAAM) show that the smaller cars, with engine capacity of, or less than, 1.6 liters, contributed 85 percent of the sales increase in the domestic auto market. Most of the best-selling cars in China are smaller cars. The association estimated that the stimulus measures boosted the sales of smaller cars by 2.6 million units this year. Because of the favorable policy, sales of the battery and electric car pioneer BYD in the first 11 months surged 150.2 percent to 388,246 units. About two-thirds of the car sales were of the F3 model, a compact sedan that topped China's best-selling car list for seven months, with monthly sales surpassing 30,000 units, nearly double the figure for last year. According to CAAM, China's auto production and sales almost doubled from figures a year ago to reach 1.39 million and 1.34 million units respectively in November. Overall auto sales topped 12.23 million units in the first 11 months, up 42.39 percent from the same period last year.
BEIJING, Dec. 9 (Xinhua) -- China's top legislator Wu Bangguo said Wednesday the country regards Egypt as one of the most important strategic cooperative partners among Arabian and African nations. "We attach great importance to the relations with Egypt," Wu, chairman of the Standing Committee of the National People's Congress (NPC), China's top legislature, told visiting Deputy Speaker of Egyptian People's Assembly Zeinab Radwan. To promote relations between China and Egypt, both influential countries in the world, conformed to the fundamental interests of the two nations and the two peoples, and was also conducive to regional and world peace and prosperity, Wu said. Wu Bangguo (R), chairman of the Standing Committee of the National People's Congress (NPC), shakes hands with visiting Deputy Speaker of Egyptian People's Assembly Zeinab Radwan in Beijing, Dec. 9, 2009. "We are ready to work with Egypt to maintain high-level exchanges, increase friendly cooperation and strengthen coordination in international affairs," Wu said, noting that this would help achieve common development and benefit the two peoples. Wu also applauded Egypt's long-term and firm support to China on issues concerning Taiwan, Tibet and Xinjiang. Radwan was here to attend the third meeting under a regular exchange mechanism between the parliaments of China and Egypt. Hailing the role of the regular exchange mechanism, Wu said it provided the two parliaments with direct, in-depth and effective channels to communicate with each other, and had become an important platform for parliamentary exchanges. Under the active promotion of the leaders from both nations, the two parliaments set up the regular exchange mechanism in 2007. Wu hoped the two parliaments would further improve the mechanism. Echoing Wu, Radwan said the Egyptian People's Assembly would make use of the mechanism construction to advance the level of parliamentary cooperation between the two sides. As to Egypt-China ties, Radwan said the two countries in recent years had witnessed frequent high-level visits and fruitful cooperation in investment, tourism, economy and trade. Egypt valued the relations with China, and would work with the country to enhance exchanges and cooperation in various sectors. Radwan is visiting China from Dec. 4 to 10 at the invitation of the NPC Standing Committee.