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BEIJING, March 4 (Xinhua) -- Chinese leaders joined in panel discussions with the country's political advisors Wednesday, calling for concerted efforts to pull through the global financial crisis which is unfolding its impact on the country's economy. Chinese President Hu Jintao (2nd R), shakes hands with a member of the 11th National Committee of the Chinese People's Political Consultative Conference (CPPCC) in Beijing, capital of China, March 4, 2009. Hu Jintao and Jia Qinglin (1st R), member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee and also chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), visited the CPPCC members from the China Association for Promoting Democracy and the China Democratic League on WednesdayAll parties, all organizations, all social strata and all ethnic groups should unite under the central authorities' decisions and strategy to overcome difficulties, President Hu Jintao said in a discussion with members of the National Committee of the Chinese People's Political Consultative Conference (CPPCC). He called on all Chinese people to stand together and "bravely move forward" though difficulties are in sight. "This year is pivotal for the country to combat the financial crisis and maintain a steady and relatively rapid economic growth," Hu told political advisors from the China Association for Promoting Democracy and the China Democratic League, two non-communist parties. "To ensure economic growth, people's well-being and social stability is of great importance to maintain a stable overall situation of reform and opening-up," Hu said. Wu Bangguo (front R), member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee and also chairman of the Standing Committee of the National People's Congress (NPC), meets with members of the 11th National Committee of the Chinese People's Political Consultative Conference (CPPCC) from the CPC during the panel discussion in Beijing, capital of China, March 4, 2009Top legislator Wu Bangguo called on members of the Communist Party of China (CPC) to play an exemplary role and contribute wisdom and strength to the national development during his discussion with a group of advisors from the CPC. Wu, chairman of the Standing Committee of the 11th National People's Congress, pinpointed the importance of investigation and research on issues concerning people's livelihood in a bid to "fully reflect the real social situations and the public opinions." He asked the CPPCC members to make efforts to promote the building of a harmonious society. Chinese Premier Wen Jiabao (front L), meets with members of the 11th National Committee of the Chinese People's Political Consultative Conference (CPPCC) from the circles of economy and agriculture during the joint panel discussion in Beijing, capital of China, March 4, 2009In the discussion with advisors from the circles of economy and agriculture, Premier Wen Jiabao said the country need to make large-scale government investment and bring in more social and private funds as well. While the crisis demands stronger government macro-control, the role of the market mechanism should also be given a full play, he said. Wen called for resolute and prompt government decisions in the face of the economic woes but stressed that officials must work according to the law and procedures. "We must make sure every major government investment plan is appraised in a scientific way and will be known, understood and supervised by the people," he said. "The more difficulties we have, the more opinions we should solicit from various groups," he said. Jia Qinglin (R), member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee and also chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), meets with members of the 11th National Committee of the CPPCC from the religious circle during the panel discussion in Beijing, capital of China, March 4, 2009CPPCC National Committee Chairman Jia Qinglin encouraged political advisors from the religious circle to guide believers to "promote economic development and social stability." He asked them to work for harmonious religious relations and the reunification of the motherland. The other members of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, Li Changchun, Xi Jinping, Li Keqiang, He Guoqiang and Zhou Yongkang, also joined panel discussions with political advisors. Li Changchun (L), member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, meets with members of the 11th National Committee of the Chinese People's Political Consultative Conference (CPPCC) from the social sciences, media and publication circles during the joint panel discussion in Beijing, capital of China, March Li Changchun told political advisors from the social sciences, media and publication circles to nurture an environment that can help ensure economic growth, people's well-being and social stability by conducting investigations and better answering questions of public concern. Chinese Vice President Xi Jinping (front L), who is also a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, meets with members of the 11th National Committee of the Chinese People's Political Consultative Conference (CPPCC) from south China's Hong Kong Special Administrative Region (SAR) and Macao SAR during the joint panel discussion in Beijing, capital of China, March 4, 2009.During a panel discussion with advisors from Hong Kong and Macao, Vice President Xi Jinping assured that with the support from the central government and through efforts made by the regional governments, the two special administrative regions will surely tide over the crisis and achieve long-term prosperity. Li Keqiang (2nd R), member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, meets with members of the 11th National Committee of the Chinese People's Political Consultative Conference (CPPCC) from the education circle during the panel discussion in Beijing, capital of China, March 4, 2009.Vice Premier Li Keqiang stressed the priority of education in his discussion with advisors from the education circle, saying education is the "strategic foundation" of the country's modernization. A better education system will benefit the people's well-being and all-round development and provide talent support for the country's economic and social drives, he said. He Guoqiang (2nd R), member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, meets with members of the 11th National Committee of the Chinese People's Political Consultative Conference (CPPCC) from the China Democratic National Construction Association and the All-China Federation of Industry and Commerce during the joint panel discussion in Beijing, capital of China, March 4, 2009. He Guoqiang, secretary of the CPC Central Commission for Discipline Inspection, called on non-public sectors of the economy to adapt to the market transformation, shift development mode and shoulder social responsibility by making more contributions. He also urged to intensify the battle against corruption and improve officials' work style. Zhou Yongkang (R), member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, meets with specially invited members of the 11th National Committee of the Chinese People's Political Consultative Conference (CPPCC) during the panel discussion in Beijing, capital of China, March 4, 2009.Zhou Yongkang called for preventing and resolving social conflicts and listening to public opinions so as to safeguard public rights and interests. The CPPCC National Committee started its annual full session Tuesday. The meeting is scheduled to end on March 12.
BOAO, Hainan, April 19 (Xinhua) -- Chinese officials and entrepreneurs said Sunday that China should have bigger say in setting commodity prices, as oil and iron ore prices saw roller-coaster-like fluctuations in the past two years. The drastic price changes are not reflecting real demand, but are propped up by financial speculators, said the senior executives of China's top energy enterprises at the Boao Forum for Asia (BFA) annual conference 2009, which concluded Sunday in the island resort of Boao in south China's Hainan Province. They said commodity prices should be pulled back to normal track to reflect real demand, otherwise the inflation woe will come back and make business expansion unsustainable. PRICE AND REAL DEMAND "Although we are the biggest commodity buyer in the world, our role in the price setting is limited," said Zhang Xiaoqiang, vice minister of the National Development and Reform Commission (NDRC), China's economic planning agency. China's steel makers have fallen into a prolonged bargain with the world's major iron ore producers, demanding a sharper price cut than the 20 percent-off deal plan offered by the Rio Tinto of Australia, as the world's No.1 iron ore importer has less demand amid the economic slowdown. Iron ore prices increased five fold in the five years before 2008. Xu Lejiang, boss of the Baosteel Group Corporation, China's largest steel maker, said at the forum that nothing is more important than the normalization of iron ore pricing, without elaborating how much more price cut he wants. The continuously rising iron ore prices partly reflected demand, but that's not the whole picture, said Xu. The prices tumbled by more than two thirds from a peak of 187 U.S. dollars per tonne last year. Speculative trading on iron ore shipping index helped fan the volatility, since shipping costs comprise a large share of the iron ore prices. The Baltic Dry Index (BDI), a main gauge of international shipping activities, has plummeted from a peak of 11,000 points to above 600 points, which is certainly what people are reluctant to see, Xu said. His view was echoed by Fu Chengyu, chief executive officer of the China National Offshore Oil Corporation (CNOOC), the largest offshore oil producer in China. He said the prices are bound to fall after irrational rise. He said the loose monetary policy in the United States should be blamed for the skyrocketing oil prices last year. "If no measures were taken, the world would see another round of inflation after we weather through the crisis," he said. He noted the pre-emptive measures should be put into place to avoid that, otherwise the next headache for the G20 leaders will be how to fight inflation. "We should prepare for tomorrow," Fu said. Zhang Xiaoqiang said international collaboration is essential to enhance the oversight of the financial speculation. ACTION BEFORE CRISIS The volatile external conditions forced many Chinese energy enterprises to seek their own way to offset the negative impacts of price fluctuations. Cost saving has always been important to CNOOC, said Fu. "We have cut the cost to 19.78 U.S. dollars per barrel, and that has allowed us to get through with ease when prices fall." "We step up investment with the current cheap prices, and that will help us flourish after the crisis," Fu said. To offset the negative impacts of price changes, many Chinese enterprises have been engaged in hedge trading and other derivative products investment, but many failed with mounting losses. "CNOOC has lost nothing, since we use hedge trading to preserve value, rather than make money," he said. "Hedge trading is not speculation," said Fu who has 30 years of experience in the oil industry. Fu called on Asian countries to negotiate with the world's major crude oil suppliers, as Asian nations have to pay 1 to 2 U. S. dollars more per barrel than other buyers. Zhang Xiaoqiang noted China will continue to liberalize domestic prices of energy products and resources, saying the recent reform of refined oil prices is a good start. "We should beef up our commodity reserve to ensure plenty supply in order to offset the negative impacts of big price changes," Zhang said. As the Chinese government has announced plans to build the second batch of national oil reserve bases, enterprises can try to have their commercial energy reserves in the future.

BEIJING, April 4 (Xinhua) -- The industrial production of China's chemical sector increased 2.4 percent year on year in the first two months, and the falling trend for major product's output was eased, according to data released by the Ministry of Industry and Information Technology (MIIT) on Friday. The figure was calculated based on the comparable working days in the first two months, since China's Lunar New Year holiday fellin February last year, but in January this year. Zhu Hongren, official with the MIIT said although the output expansion was marginal, the contracting trend for the production of major chemical products was eased. Of the major 30 chemical products monitored by the ministry, 21saw output falling in the first two months, but the falling rate was tempered from that in December. In addition, three products saw output get back to growth. To support the annual "Spring Plough" season, the output of major three chemical fertilizer rose 4.6 percent to 8.75 million tonnes through January to February. The pesticide production grew 9.1 percent to 394,000 tonnes in the first two months, and that for February alone jumped 14.4 percent. Zhu Hongren said despite of the easing contraction, it was too early to be optimistic, citing the chemical industry faced the most difficult condition comparing with other raw material producing sectors. China's industrial output rose 5.2 percent year on year in the first two months, with the growth slowing from December, MIIT said last week. The figure was 0.5 percentage point lower than in December, dragged down by plummeting exports and high inventories, according to MIIT. Experts said the figure showed Chinese industry was still feeling the pinch of the global downturn.
HAIKOU, April 5 (Xinhua) -- Traffic had been resumed on Sunday on the highway that had been flooded by collapse of a small reservoir on March 27, in south China's Hainan Province, local authorities said. The Wanning section of the province's eastern expressway had been resumed in both directions at 8:00 p.m. after nine days of reconstruction work, said an official with the provincial Communication Department. The Bofeng reservoir, with a designed water storage capacity of1.02 million cubic meters, collapsed at about 10 p.m. in Xinglong Town, Wanning City. The ensuing floods washed out a slip road to the province's eastern expressway and swept away two cars, injuring three people in the vehicles. The water also inundated 20 hectares of farmland and caused slight damage to three riverside houses. The municipal water conservancy administration had claimed that only 100,000 cubic meters of water burst from the reservoir. However, Chen Xingzhang, secretary of the CPC municipal committee of Wanning, doubted its credibility. Vehicles had to detour around the flooded road over the past days. The reservoir was being reinforced at the time of the accident. An investigation showed that workers of a company in charge of the project exploded part of the cofferdam before the water dropped to the safety level, which led to the collapse. The scheme had no approval from authorities at the time. The construction contractor, Hongda Water Conservancy Projects Co, Ltd., based in Henan Province, and the project supervising company, Hainan Institute of Water Conservancy and Power Construction Survey and Design, were banned from carrying out further business in the city. Police have detained four project workers in connection with alleged safety violations that led to the collapse in the province, the local Communist Party of China (CPC) committee said Monday. Chen Ruchuan, former head of the water conservancy administration of Wanning City, and two deputy heads, were also sacked from their posts Monday, according to the Wanning municipal committee of the CPC. The local government has been working on a plan to compensate people affected in the accident.
VALLETTA, Feb. 22 (Xinhua) -- Chinese Vice President Xi Jinping concluded his six-nation tour here Sunday and left for home. Xi arrived in Valletta on Saturday for a two-day official visit to Malta. During his visit, Xi met with Acting Maltese President George Hyzler, Speaker of House of Representatives Louis Galea and held talks with Prime Minister Lawrence Gonzi. During the meeting with Hyzler, Xi said that Sino-Maltese relations have been developing very well in recent years, with a frequent exchange of high-level visits, enhanced mutually beneficial cooperation, and active exchanges in such fields as culture, education and judicature. Chinese Vice President Xi Jinping (R, front) inspects the honor guards at a welcoming ceremony held by Maltese Prime Minister Lawrence Gonzi (L, front) in Valletta, capital of Malta, Feb. 22, 2009. China and Malta understand and support each other in major international and regional affairs, he said, adding that the two nations are "old friends and good friends" that have stood the test of time. For his part, Hyzler thanked China for the sincere help it has provided for Malta, and congratulated China on the great achievements of its modernization drive. He also noted that there has been a good cooperative relationship between Malta and China. Chinese Vice President Xi Jinping (L3, rear) and Maltese Prime Minister Lawrence Gonzi (L4, rear) attend a signing ceremony for a series of agreements between China and Malta, in Valletta, capital of Malta, Feb. 22, 2009While meeting with Galea, Xi said that parliamentary exchange is an important part of Sino-Maltese relations, and that strengthening exchange and cooperation between the two sides is of great significance for the development of bilateral ties and friendship between the two peoples. Both Hyzler and Galea reaffirmed that the Maltese government and parliament will firmly stick to the one-China policy. During talks with Prime Minister Gonzi on Sunday morning, Xi said China hopes to consolidate Sino-Maltese cooperation in bid to obtain new and fruitful results through actions to deal with the challenges stemmed from the financial crisis. Together with Gonzi, Xi attended the signing ceremony for a number of agreements on bilateral cooperation in economy, culture and judicature. On Saturday, the Chinese vice president also met with former President Guido de Marco and Labor Party leader Joseph Muscat. Malta was the final leg of Xi's six-nation tour, which also took him to Mexico, Jamaica, Colombia, Venezuela and Brazil.
来源:资阳报