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BEIJING, Dec. 12 (Xinhua) -- China should take more forward looking and preemptive measures to fight inflation expectations following this year's credit boom and runaway property prices, said a report released by a leading Chinese bank. Bank loans should be extended at a more reasonable pace with improved structures next year and policy fine-tuning is necessary, the Bank of Communications has said in a report released by its financial research center. The government should maintain the continuity and stability of its monetary policy and meanwhile be more targeted and flexible, it said. The report noted an over brisk equity and property market are always prelude of inflation. Money flow should be regulated to prevent asset bubbles. It also suggested government increase supply of land resources and affordable housing and crack down on land enclosure to curb skyrocketing property prices which gained the most in 14 months in November. CPI, the main gauge of inflation, jumped 0.6 percent in November from a year ago, the first monthly growth since January, because of lower statistical bases and rising food prices. The producer price index (PPI), a major measure of inflation at the wholesale level, declined 2.1 percent in November from a year earlier. The report expected PPI to end monthly drop in December, and the annual CPI decline to narrow to 0.8 percent. Hyperinflation is unlikely and CPI is predicted to rise four percent next year, it said.

BEIJING, Jan. 7 (Xinhua) -- A Chinese Foreign Ministry spokesperson said here Thursday that Japan's move to build facilities on the Okinotori atoll will not change its legal status, as Japan is seeking vast economic interests at the nearby southern Pacific. According to the United Nations Convention on the Law of the Sea (UNCLS), and based on the natural and geographic situation of the Okinotori atoll, neither exclusive economic zones nor continental shelves should be claimed on it, Spokesperson Jiang Yutold a regular press briefing. Japan has asked the UN Commission on the Limits of the Continental Shelf to recognize the extended area around the so-called "Okinotori island," 1,740 km south of Tokyo, as its continental shelf, which would enable it to claim a vast surrounding area as an exclusive economic zone. According to Article 121 of the UNCLS, rocks that cannot sustain human habitation or an economic life of their own shall have no exclusive economic zone or continental shelf. According to Japanese media report, the Japanese government plans to build a port and conduct mineral explorations on the atoll in 2010. "Building facilities on it would not change the atoll's legal status," Jiang said. Such a bid did not conform to the international laws of the sea and was against the interests of the international community, she said.
BEIJING, Dec. 20 (Xinhua) -- Foreign Minister Yang Jiechi pledged Sunday China will continue to cooperate with other countries to address global challenges in the coming new year. "China will continue to work with the rest of the international community to tackle various global challenges with full confidence and jointly advance world peace and development," said Yang at a new year reception held by the Foreign Ministry for foreign diplomats and officials of international organizations. The Ministry of Foreign Affairs of China holds a New Year reception for foreign envoys and guests in China, in Beijing, capital of China, Dec. 20, 2009.He said the year 2010 will be crucial for the recovery of the global economy, the reform of the international system and China's efforts to ensure stability and promote development. "We will work to maintain steady and relatively fast economic growth, and at the same time speed up the transformation of the economic development pattern so that our effort on these two fronts will reinforce each other," Yang said. He said China will remain committed to the path of peaceful development and the win-win strategy of opening-up, and pursue development that is peaceful, open and cooperative. Chinese State Councilor Dai Bingguo (2nd R) and Chinese Foreign Minister Yang Jiechi (1st L) toast with a foreign guest during a New Year reception held by the Ministry of Foreign Affairs of China, in Beijing, capital of China, Dec. 20, 2009. Yang told reporters at the reception the Shanghai World Expo is one of the major tasks of China's diplomatic work in 2010. He said he would like to take the reception as an opportunity to promote the expo to the international community and invite overseas people to visit China during the event next year. In his speech, Nolana Ta Ama, dean of the Diplomatic Corps and Togo's ambassador to China, said as China plays an increasingly important role on the international stage, it will continue to devote itself to the world affairs in 2010. Over 400 people, including China's State Councilor Dai Bingguo, attended the reception.
BEIJING, Dec. 7 (Xinhua) -- China on Monday pledged to work with Indonesia to push forward the bilateral strategic partnership. China's top legislator Wu Bangguo and top political advisor Jia Qinglin made the remarks in separate meetings with Taufik Kiemas, Chairman of the People's Consultative Assembly of Indonesia. Wu Bangguo (R), chairman of China's National People's Congress Standing Committee, shakes hands with Taufik Kiemas, chairman of the People's Consultative Assembly of Indonesia during their meeting in Beijing, capital of China, on Dec. 7, 2009. "We always attach great importance to the relations with Indonesia," said Wu, chairman of the Standing Committee of the National People's Congress (NPC), China's top legislature. Hailing the sound development momentum of China-Indonesia ties, Wu said the countries had enjoyed increasing mutual political trust, fruitful cooperation in various sectors, and close coordination in regional and international organizations. Jia Qinglin (R), chairman of the National Committee of the Chinese People's Political Consultative Conference, meets with Taufik Kiemas, chairman of the People's Consultative Assembly of Indonesia, in Beijing, capital of China, on Dec. 7, 2009. "We applaud Indonesia's long-term adherence to the one-China policy," he noted, expressing appreciation for the country's support in issues concerning Taiwan, Tibet and Xinjiang. The two nations, both as important nations in the Asia-Pacific region, enjoyed broad common interests, Wu said, hoping that the two sides would enhance parliamentary exchanges and cooperation to enrich the contents of bilateral ties. Jia Qinglin, chairman of the Chinese People's Political Consultative Conference (CPPCC) National Committee, told Taufik that the China-Indonesia ties had stepped into a new phase of rapid, healthy and stable growth. "We are ready to work with Indonesia to expand cooperation in economy, trade and culture to advance our strategic partnership," Jia said, noting that this would benefit the two peoples and help regional and world peace and development. Jia hoped the CPPCC, the top political advisory body, and the People's Consultative Assembly of Indonesia would maintain close exchanges and learn from each other to help promote relations between the two nations. This China trip from Dec. 6 to 9 was Taufik's first visit abroad since taking office in October this year. Taufik told Chinese leaders that this showed the importance attached by Indonesia to relations with China. Indonesia valued the friendly and cooperative ties with China, he said, hoping that the two nations would increase pragmatic cooperation in infrastructure construction and resources exploitation. He said the People's Consultative Assembly was ready to strengthen exchanges and cooperation with the NPC and the CPPCC to contribute to comprehensive growth of Indonesia-China ties. Taufik reiterated that his country would firmly stick to the one-China policy.
来源:资阳报