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Box 9: Implementation of the Three Initiatives

BEIJING, March 18 (Xinhua) -- China urged the Democratic People's Republic of Korea (DPRK) to comply with UN resolutions and stop any action that might escalate the tension on the Korean Peninsula, a Chinese Foreign Ministry spokesperson said on Friday.

In a panel discussion with Taiwan deputies, Yu Zhengsheng, chairman of the Chinese People's Political Consultative Conference National Committee, said, "We will adhere to the 1992 Consensus, resolutely oppose and contain any forms of 'Taiwan independence' separatist activities, strengthen contacts and exchanges with all political parties and groups in Taiwan that recognize the one-China principle."

China should formulate and publish a low-carbon development strategy for the years leading up to 2050 as soon as possible, he said, adding that legislation aimed to counter climate change should be accelerated.

Quantitative easing will hardly remove structural obstacles to growth and instead it may lead to more negative externalities, he said.