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BEIJING, Jan. 5 (Xinhua) -- The Chinese government will continue encouraging outbound investment while attracting foreign investment in 2010 for "stable and relatively fast" growth of the country's economy, a government official has said. Outbound investment, or "go-global" strategy, should aim at making use of overseas resources, market and advanced technologies, so as to help facilitate development of China's domestic economy, Zhang Xiaoqiang, vice minister in charge of the National Development and Reform Commission, said in the speech posted on the commission's website Tuesday. The remarks were made at a conference held in Beijing on foreign investment on Dec. 11, but was not released until Tuesday. In the first three quarters of 2009, China saw its investment overseas at 32.87 billion U.S. dollars, up 0.5 percent year-on-year, according to the Ministry of Commerce (MOC). The country would also continue to attract foreign investment, he said. "Social stability, huge potential market and low cost of productive resources are still advantages for foreign investment," he said. The country would see more advanced technologies and talents from foreign countries and foreign investment would better serve the structural reform of the country's economy. Zhang said the government would stress national economic security while seeking to increase foreign investment. "We have to properly handle new challenges and situations when further opening sectors, including finance and telecommunications." China's foreign direct investment shrank 14.26 percent from the same period last year to 63.77 billion U.S. dollars in the first nine months as foreign companies cut spending amid the global economic downturn, according to the MOC. In the speech, Zhang also said China's currency was facing renewed pressure to appreciate because of the quantitative easing monetary policy in developed countries, a weakening dollar and recovery of China's economy. The pressure would likely spur massive inflow of speculative money, making liquidity management more difficult. Premier Wen Jiabao also said in December in an interview with Xinhua that the yuan faced appreciation pressure. "China will not yield to foreign pressure for the appreciation of its currency yuan in any form," Wen said. "A stable Chinese currency is good for the international community," Wen said.
BUCHAREST, Oct. 20 (Xinhua) -- Chinese Vice President Xi Jinping said Tuesday that China values its ties with Romania and is willing to work with the Romanian people to enhance cooperation and cement friendship. Xi made the remarks when meeting with people from all walks of life in Romania, including parliament leaders, government officials, former ambassadors to China and others. The Chinese and the Romanian people enjoy profound friendship, Xi said. They have respected and supported each other and treated each other on an equal footing since the two countries established diplomatic ties 60 years ago. Visiting Chinese Vice President Xi Jinping (C) addresses a seminar marking the 60th anniversary of the establishment of the diplomatic ties between China and Romania, in Bucharest, capital of Romania, Oct. 20, 2009. He said the Chinese people will not forget the sympathy, support and assistance the Romanian people have offered to China in the early years of new China, in China's efforts to restore its legitimate seat in the United Nations, or other issues that bear on China's core interest and major concerns. Visiting Chinese Vice President Xi Jinping (C Back) addresses a seminar marking the 60th anniversary of the establishment of the diplomatic ties between China and Romania, in Bucharest, capital of Romania, Oct. 20, 2009 Xi cited the example of Romania's assistance last year when China was hit by a devastating earthquake and other natural disasters. Likewise, China has offered within its power, support and assistance to Romania when its people were in need, he added. Xi noted that China-Romania relations have set a good example of state-to-state relations. He attributed the sound development of bilateral ties to the unremitting efforts by people devoted to promoting friendly relation between the two countries. For his part, Adrian Nastase, Romanian vice president of Chamber of Deputies and former prime minister, said the Romanian people would not forget the precious help and support from China at different times. Maintaining friendly ties with China has been a priority for Romania's foreign policy no matter which party takes power, Nastase said, reiterating the country's willingness to make joint efforts with China and carry on their friendship from generation to generation. After hearing speeches by participants at the meeting, the Chinese vice president said the gathering was intended to show that the Chinese people cherish their friendship with Romanians and the Chinese government values its relations with Romania. China is ready to join hands with Romania to enhance their cooperation of mutual benefit and promote their traditional friendship, Xi said. He also encouraged the participants to contribute more to promoting China-Romania friendship so as to create a bright future for bilateral ties. Xi arrived here Sunday on an official visit to Romania, which was the last leg of his five-nation European tour.

SEOUL, Dec. 17 (Xinhua) -- Chinese Vice President Xi Jinping put forward a four-point plan to cement China-South Korea ties when he met South Korean Prime Minister Chung Un Chan here on Thursday. Xi said China and the South Korea were neighbors and the relationship had been promoted since they established diplomatic ties in 1992. The exchanges of the visits by the two heads of states last year upgraded the relations to strategic and cooperative partnership, which benefited both countries and helped promote regional peace, stability and prosperity. Xi's proposal to foster the Sino-ROK relationship was: -- To enhance high-level contact and political trust: The two countries should also increase exchanges between the governments, parliaments and parties. China appreciated the adherence by South Korea to the one-China policy and its support on the Taiwan and Tibet issues, Xi said. -- To expand trade and economic cooperation: The two countries should explore new ways on high-tech, energy-saving, and environmental protection cooperation. Xi called on the two sides to complete joint research and initiate free trade agreement negotiation. -- To increase personnel exchanges: The two sides should further improve exchanges on education, culture and tourism and properly handle the issues concerning the sentiments of the two peoples. -- And, to strengthen coordination in multilateral frameworks, including the meeting mechanism of China, South Korea and Japan: On the situation on the Korean Peninsula, Xi said all relevant sides should take the chance to show flexibility to resume the six-party talks at an early date. Xi also said China would push for the Copenhagen climate change conference to achieve a result in line with the "Bali Roadmap." Chung Un Chan pledged to complete the joint research on free trade agreement as soon as possible, and advance coordination with China under the G20 and the framework of China, Japan and South Korea. Xi arrived here Wednesday night after a visit in Japan. He will also visit Myanmar and Cambodia.
BEIJING, Jan. 2 (Xinhua) -- China's National Audit Office (NAO)announced on Saturday that, in 2009, no serious violations were found in the management of reconstruction funds for regions hit by the 2008 Wenchuan earthquake. Auditors, however, did find some problems in the implementation of post-quake rebuilding plans, distribution of relief funds and management of reconstruction projects, said the NAO. The NAO has transfered one violation case to the procuratorial organ in 2009. Two people responsible for the violation were arrested and another 11 people were in custody. The NAO said it and its local offices have already released the auditing results to the public. Liu Jiayi, chief auditor of the NAO said earlier that they would, in 2010, continue to keep a close eye on the whole process of post-quake rebuilding.
ROME, Nov. 16 (Xinhua) -- Chinese Vice Premier Hui Liangyu on Monday proposed a four-point action plan aimed at eradicating world hunger in his address to a world summit on food security. Stressing the fact that the financial crisis has worsened the plight of the poor and the hungry, the Chinese vice premier said the summit, hosted at the UN Food and Agriculture Organization (FAO) headquarters here, was "of special significance to world food security, global economic recovery and sustainable development." In order to overcome the "dual pressure of an international financial crisis and a global food crisis," the first suggestion of the Chinese government was to increase input and raise food production by investing more in agriculture, build up the capability to resist natural disasters and strive for greater self-sufficiency. Chinese Vice Premier Hui Liangyu makes a speech during the United Nations Food and Agriculture Organization (FAO) Summit in Rome, capital of Italy, Nov. 16, 2009. On behalf of the Chinese Government, Hui Liangyu attended the United Nations Food and Agriculture Organization (FAO) Summit which opened Monday Both industrialized and developing countries should in the long run forge their own "blood-generating" capacity, Hui said. He called on developed countries and international organizations to provide developing countries with financial, technological, market and capacity-building assistance. The second Chinese suggestion presented to world leaders at the FAO summit was to "create a sound market environment for mutual benefit and win-win progress," obtainable through the elimination of all sorts of protectionism, the re-launch of the Doha Round negotiations and the reform of global financial governance. "All countries should jointly oppose trade protectionism in all its forms and manifestations and push for a positive outcome of the Doha Round negotiations," he said, urging developed countries to slash agricultural subsidies, remove trade barriers and give greater market access to developing countries. Thirdly, Hui proposed to push forward with the reform of the UN food and agriculture agencies and improve the global governance mechanism in order to rapidly react to crises. "China supports the creation of a food security safeguard system encompassing early warning, emergency relief and regulation functions," he said. Lastly, the Chinese government called for a coordinated and global approach in order to ensure a balanced growth. "Food security is closely related to economic growth, social progress, climate change and energy security," Hui said, adding that global cooperation must be intensified in all sectors because challenges are multiple and interconnected. This is why all countries "should strive for a positive outcome of the upcoming Copenhagen summit on global warming," the Chinese vice premier said. The world summit on food security opened in Rome on Monday. During the three-day event more than 60 heads of state and government will gather to discuss measures to eradicate hunger and ensure food security.
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