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BEIJING, Feb. 9 (Xinhua) -- The Korean Peninsula nuclear situation has eased recently, providing an opportunity for resuming six-party talks and denuclearizing the peninsula, a Chinese foreign ministry spokesperson said here Tuesday.Foreign Ministry spokesman Ma Zhaoxu made the remarks following questions on whether a Chinese official's visit to the Democratic People's Republic of Korea (DPRK) and a UN envoy's trip to China meant the resumption of the talks.Ma confirmed that a special envoy of UN Secretary-General Ban Ki-moon visited Beijing."Lynn Pascoe, under-secretary-general of the UN for political affairs had exchanges with China's Foreign Minster Yang Jiechi on the Korean Peninsula situation and other issues of mutual concern earlier Tuesday."Chinese Foreign Ministry spokesman Ma Zhaoxu speaks during a regular press conference on Tuesday, Feb. 9, 2010 in BeijingThe DPRK nuclear issue is complex and sensitive, involving interests of various parties, and can only be resolved through dialogue and negotiation. Peaceful solutions through political and diplomatic means are the right choices that serve interests of all parties, Ma said.The stalled six-party talks involve the DPRK, the Republic of Korea, China, Japan, Russia and the United States.Kim Jong Il, top leader of the DPRK, reiterated on Monday the country's stance of realizing denuclearization on the Korean Peninsula during a meeting with Wang Jiarui, head of the International Department of the Communist Party of China (CPC) Central Committee.Ma urged the relevant parties to make concerted efforts and to continue contact and dialogue and to show flexibility to create the conditions necessary for the revival of the nuclear talks.The Chinese side has made continuous efforts toward this goal and will work with the international community to achieve the denuclearization of the Peninsula, normalized diplomatic relations between the relevant states and lasting peace in northeast Asia, Ma said.Pascoe arrived in Pyongyang as the first high-level UN official to visit the country since 2004. He is expected to meet with DPRK's high-level officials to discuss issues ranging from Pyongyang's nuclear program to humanitarian aid issues.
BEIJING, Jan. 31 (Xinhua) -- A senior official of the Communist Party of China (CPC) Sunday called on organizers of the Shanghai World Expo to provide convenient services to all Chinese and foreign reporters with a more open stance, in order to let the world know better about China and the international event."The 2010 Expo is also a grant gathering of world media," said Liu Yunshan, head of the Publicity Department of the CPC Central Committee."Organizers should do well the media service job with a more open stance, welcome reporters with open arms, make considerate arrangements, provide various news resources in a timely manner and offer convenient and professional services to Chinese and foreign reporters covering the event," Liu said when inspecting the Expo's publicity work in Shanghai.Liu Yunshan (2nd R, front), head of the Publicity Department of the Communist Party of China (CPC) Central Committee, inspects the Shanghai World Expo Park in east China's Shanghai Municipality, Jan. 30, 2010. Liu Yunshan inspected the Shanghai World Expo News Center, International Broadcast Center and the Expo Park in Shanghai on SaturdayThe 2010 World Expo will be held from May 1 to Oct. 31 this year, and is expected to attract a record 70 million visitors as well as 30,000 reporters from home and abroad.So far, close to 9,000 reporters have applied to cover the event, according to Yang Zhenwu, publicity chief of the CPC Shanghai municipal committee."The Shanghai Expo is another international event held by China after the Beijing Olympics in 2008," Liu said, adding that media and publicity work is of crucial importance to the success of the Expo.New media such as the Internet and mobile phones should also be employed in the publicity work of the event, he noted.Liu also stressed that news media should provide all-round information about the Shanghai World Expo to the public.|Liu Yunshan (1st R), head of the Publicity Department of the Communist Party of China (CPC) Central Committee, inspects the Shanghai World Expo Park in east China's Shanghai Municipality, Jan. 30, 2010. Liu Yunshan inspected the Shanghai World Expo News Center, International Broadcast Center and the Expo Park in Shanghai on Saturday
BEIJING, Feb. 3 (Xinhua) -- Chinese economists are again concerned about the value of the country's dollar-denominated assets after the U.S. government's budget plan unveiled Monday forecast a record deficit for 2010.The economists are worried that, if the Congress approved the budget plan, the U.S. federal government will issue more bonds and print more money to finance the deficit, which may prompt dollar depreciation. Dollar depreciation erodes the value of China's holdings of dollar-denominated assets.The same fears took hold almost one year ago when the U.S. government said it would issue up to 2.56 trillion U.S. dollars of treasury bond debt to stimulate the economy to get through the recession.This time the budget deficit is larger. The Obama administration on Monday proposed a budget of 3.83 trillion U.S. dollars for fiscal year 2011 with a forecast deficit of 1.56 trillion U.S. dollars in 2010.The planned fiscal deficit is 10.6 percent of gross domestic product (GDP) - up from a 9.9 percent share in 2009 - the largest deficit as measured against GDP since the second world war.He Maochun, director of the Center for Economic Diplomacy Studies at Tsinghua University, said the deficit would be financed by those holding U.S. dollar-denominated assets with the main channel to transfer the risks caused by the deficit being the issuance of U.S. treasury bonds.The U.S. is already in enormous debt, with Treasury data showing public debt topping 12 trillion U.S. dollars in November last year, the highest ever.To pay for the deficit, the U.S. federal government will borrow 392 billion dollars in the January to March quarter of 2010, according to a Treasury Department statement released Monday. It will then issue 268 billion U.S. dollars of treasury bonds in the second quarter.Experts said the record deficit suggests the federal reserve will continue to flood more money into the market. The massive issuance of treasury bonds, the large fiscal deficit and the printing of the dollar will prompt further declines in the value of dollar, they said.In 2009, the greenback depreciated against major currencies by 8.5 percent, according to China's State Administration of Foreign Exchange (SAFE).China is the biggest foreign holder of the U.S. government debt. As of the end of November last year, China held 789.6 billion U.S. dollars of U.S. treasury bonds. Moreover, more than 60 percent of China's 2.399 trillion U.S. dollar stockpile of foreign exchange reserves - the world's largest - is in dollars.Cao Honghui, director of the Financial Market Research Office of the Chinese Academy of Social Sciences (CASS), a government think tank, said the massive U.S. deficit spending and near-zero interest rates would erode the value of U.S. bonds.The U.S. government should not transfer the problems of enormous debt to other nations or regions that are creditors like China, he added.The SAFE said in a statement in December 2009 that China would diversify its foreign exchange reserve holdings - both currencies and securities - to reduce risk.Liu Yuhui, an economist with the CASS, said late last month China may scale back its purchases of U.S. debt on concern the dollar will decline.China trimmed its holdings of U.S. government debt by 9.3 billion U.S. dollars in November last year - the biggest cut in five months - taking them down to 789.6 billion U.S. dollars.Ding Zhijie, associate dean at the finance school at the University of International Business and Economics, said China had been securing its investment value by using its foreign exchange reserves for imports and acquisition in 2009."More reserves should be used for investment in materials and resources, which can reduce the risk," he said, adding that he expects the purchasing spree to continue this year.The deficit is expected to ease slightly to 1.3 trillion U.S. dollars in 2011, but that still represents 8.3 percent of 2011 GDP.But Ding said it is necessary for the U.S. to keep its powerful fiscal stimulus policy in place, as the economic recovery is fragile and remains uncertain.The U.S. economy shrank 2.4 percent in 2009, but the U.S. government is projecting GDP growth of 2.7 percent in 2010 and an unemployment rate average of 10 percent.Zuo Xiaolei, chief economist at China Galaxy Securities, said the U.S. had no choice but to rely on massive government spending to ensure the economic recovery.The budget deficit will pump money into the economy and generate jobs, which in turn will generate greater tax revenue that can help pay off the debt, Zuo said."But there is still a risk the policy will fail and that debt will grow beyond the government's ability to pay," in which case the entire global recovery will be threatened.
BEIJING, March 21 (Xinhua) -- Chinese leaders have urged police chiefs across the country to step up their efforts in capability building to do good work in solving social conflicts and safeguarding stability.In his written instruction to a training session for city-level public security bureau heads, Zhou Yongkang, Standing Committee member of the Political Bureau of the Communist Party of China Central Committee, told the police chiefs to strengthen their studies and exchanges, and continuously enhance their management capabilities to push forward the solving of social conflicts.Zhou also called for a harmonious relationship between the police and the people.State Councilor Meng Jianzhu, who is also minister of public security, said at the opening ceremony of the training course on Saturday that public security authorities should explore new measures to enhance their capability in safeguarding national security and social stability.About 470 police bureau chiefs attended the training session which will last for 10 days.
BEIJING, Jan. 16 (Xinhua) -- Chinese Premier Wen Jiabao Saturday stressed food and heating supply as cold snap has driven up vegetable prices and strained coal and gas supplies in north China. Wen urged local government to pay attention to the produce, transport and storage of vegetables when visiting a produce wholesale market in the suburbs of Beijing. "Only when food supply is enough and the prices are stable, will people feel at ease," said Wen. Chinese Premier Wen Jiabao, who is also a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, talks with local residents at a supermarket during his inspection in Beijing, Jan. 16, 2010. Accompanied by Beijing's Party chief Liu Qi, Wen also went to a heating plant in Fengtai District and inquired about emergency response heating plan in case of extremely cold weather. He asked local officials to secure the power, gas and coal supply to Beijing and said that energy supply should follow the principle of civil use first and industrial use second. Wen also visited several ordinary Beijing families, who just moved into new houses with government subsidy. Beijing municipal government has rebuilt and repaired nearly 500,000-square-meter old houses for 23,000 households. The municipal government planed to solve housing problems for about 280,000 low-income families in three years.