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WASHINGTON, April 22 (Xinhua) -- U.S. Treasury Secretary Timothy Geithner said on Tuesday that the prosperity of the American economy needs the rest of the world to recover. "The rest of the world needs the U.S. economy and financial system to recover in order for it to revive," said Geithner in remarks to the Economic Club of Washington. "We remain at the center of global economic activity with financial and trade ties to every region of the globe." "Just as importantly, we need the rest of the world to recover if we are to prosper again here at home," the Treasury chief said. "Before the crisis, U.S. exports were among our economy's fastest-growing sectors, accounting for more than 6 million American jobs, or about 5 percent of total private sector employment in the U.S. Now, they are one of its fastest-shrinking," he stated. He called for global cooperation to cope with the current crisis, which he said was "the most severe crisis in generations." "As a consequence, the community of nations must work together -- and that work has already begun -- to revive economies around the world and to lay the groundwork for a new, more stable and more sustainable pattern of growth in the future," he said.
JINAN, June 29 (Xinhua) -- Chinese Premier Wen Jiabao has encouraged domestic enterprises to make breakthroughs in science and technology development to weather the global financial crisis. Wen made the remarks during his inspection tour in east China's Shandong Province from Saturday to Sunday. It had been the Premier's fourth consecutive weekend inspection tour outside Beijing this month. Wen said the government would continue the current proactive fiscal policy and moderately ease monetary policy and take it a top task to keep a steady economic growth. In JinJing Group, China's first glass-manufacturing company with a history of 105 years, Wen was pleased to see the company had gained steady sales increase with its independently-developed new products amid the global downturn. Chinese Premier Wen Jiabao talks with workers at a workshop of Weiqiao Textile Company Ltd. in east China's Shandong Province. Wen Jiabao made an inspection tour in Shandong from June 27 to June 28 Wen said that technological breakthroughs were fundamental and long-term solutions which should be relied on to fight against the economic downturn. He urged the enterprises in Shandong to provide better environment for young talent to contribute their ability and wisdom to technology development. When inspecting Jigang Group, Wen asked the steelmaker to improve its products' competitiveness by carrying out technological innovation, cutting manufacturing cost and developing energy-efficient products. Wen also visited privately owned Shandong Weiqiao Textile Company, the largest cotton textile enterprise in Asia with more than 150,000 employees. He said China's textile industry, which was strongly affected by export market, had encountered many difficulties caused by the global financial crisis. Wen urged efforts to create an environment of fair competition and fight against monopoly to facilitate the development of private companies. "It is a must to attach importance to the development of private businesses and private fund investment in an effort to deal with the financial crisis and boost economic growth," he said. Wen said coping with the financial crisis and overcoming difficulties in economic development both serve the purpose of improving people's livelihood and better development of individuals. Only when people's lives are improved and secured, will the economic development have a true meaning, Wen said.
LANZHOU, June 11 (Xinhua) -- Chinese Vice President Xi Jinping has called for different levels of Party and government leaders to make contributions that will bring long-term benefits and could stand up to the test of time and people's evaluation. Xi made the call during during a four-day trip to Gansu that ended on Wednesday. Gansu is a hinterland province that was also hit by a magnitude-8.0 quake centered in southwestern Sichuan Province last May. Chinese Vice President Xi Jinping (R, front) talks with a villager while inspecting the post-earthquake reconstruction at Jiajiasi Village in Qinzhou District, Tianshui City of northwest China's Gansu Province, on June 8, 2009. Xi made an inspection tour in Gansu from June 7 to June 10.He asked local leaders to be hardworking, embrace frugality and passion in their work and carry forward and promote the good traditions and revolutionary spirit of the Communist Party of China (CPC). During the trip, Xi paid visits to rural households, enterprise workshops, schools, research institutes and spent time chitchatting with farmers. Chinese Vice President Xi Jinping (C) visits villager Han Huaiqing at Liyuanbao Village in Huachi County, Qingyang City of northwest China's Gansu Province, on June 7, 2009. Xi made an inspection tour in Gansu from June 7 to June 10In villager Han Huaiqing's home, Xi and Han talked about the promotion of new corn planting technologies, price fluctuations of commodities, the implementation of rural medicare system and reduction of agricultural taxes. In enterprise workshops, Xi asked about enterprise restructuring, a way adopted by local enterprises to offset the impact of the global economic downturn. He also urged efforts to help enterprises to overcome difficulties in production and operation. In villages that were affected by the massive earthquake, Xi urged local officials to place reconstruction of the quake-battered area at the top of their agenda and called for high quality in reconstruction projects. Chinese Vice President Xi Jinping (C) visits the school library of Lanzhou University, in Lanzhou, capital of northwest China's Gansu Province, on June 9, 2009. Xi made an inspection tour in Gansu from June 7 to June 10.
BEIJING, May 17 (Xinhua) -- Chinese military authorities pledged Sunday to tighten supervision on senior and middle ranking officers, through strict punishment in cases of breach of duty and regular inspection of their work. The military will adopt a strict system to investigate and punish senior officers for breaching duty or making mistakes, said a circular issued by the Central Military Commission (CMC) on Sunday. The document, approved by CMC Chairman Hu Jintao, said it will also introduce a system of accountability by regular inspection on the work of officers at army corps level. Military units higher than regiment level of the People's Liberation Army must review the work of their commanding officers at least once a year, it added. Commanding officers from regiment to army corps levels are usually regarded as middle and senior ranking PLA officers. It will tighten inspection on senior officers to see whether they strictly follow the military disciplines and show loyalty to the Communist Party of China. The circular called on the officers to keep a communist nature. "In the face of a complicated ideological situation, senior military officers must stick to their faith and keep a firm political stance," it said. They should devote themselves to building up the country's military capacity to win local wars in the information age, it said. The document said that the supervision and inspection will focus on any examples of extravagance and waste by military officers.