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CHICAGO, May 22 (Xinhua) -- The macroeconomic control policies adopted by the Chinese government since mid-2008 have been proven successful, two economists said Saturday.Since late 2008, the Chinese government has taken a series of macroeconomic control policies to deal with the global financial crisis. The government carried on massive financial investment, some of which focused on real estate."In spite of some problems, the Chinese government has been making great progress in regulating and controlling the Chinese economy during the global financial crisis," Min Tang, a Chinese economist, said in an exclusive interview with Xinhua."Everything has two sides, good and bad. This macroeconomic control policy is an action taken to fight against a crisis," he said.Tang believed that whether or not the policies are successful should be judged from the macro perspective instead of a micro perspective."China was able to resume its rapid growth first when the global economy was still going downhill," Tang said, "China also successfully kept the confidence of its people and enterprises, which is more important than anything else. Therefore, the government's macro control is very successful."
SHANGHAI, June 5 (Xinhua) -- Cities should facilitate interaction and provide spaces so people can bond, says Chui Huili, director of the Taiwan Pavilion at the Shanghai World Expo.The Taiwan Pavilion, a transparent cube with a huge globe suspended in its center, consists of three layers: a dome-screen cinema showcasing scenes from Taiwan, a platform to "fly lanterns" -- a traditional way to pray for luck, and a huge tree made of bamboo, providing shade for people to sit, chat, taste Kung Fu tea and listen to folk music."Though the Taiwan Pavilion is relatively small, what makes us stand out is that the whole trip is accompanied by guides and we allow in only 40 visitors at most each time, making it possible for each visitor to enjoy their time and space the fullest, in the 20-minute tour," Chiu says.The pavilion, 650 meters wide and about 24 meters high, is mainly made of steel and glass, with the outlines of the island's iconic mountains painted on the facade and water from Taiwan's Sun Moon Lake forming a pool, Chiu says.An elevator first takes you to the third floor for a dome-screen film showcasing tourist attractions in Taiwan including Sun Moon Lake, Ali Mountain and Jade Mountain. Chiu calls it their "future cinema" as spectators could watch three-dimensional images without wearing 3D glasses and get the feeling they were walking in a film.The second floor provides a multimedia lantern-flying ceremony for at most 40 visitors. They can select "wishes" through touching screens and trigger off LED lanterns that light up the center globe. The wishes favored by visitors include "love and peace," "best wishes come true" and "happiness and health."Spiraling down the pavilion, you come to the last stop: a huge banyan tree made of bamboo knitted together. There a Taiwan artist will play the guqin, a traditional musical instrument, while visitors sit chatting and sip Kung Fu tea."The third floor represents technology. The second floor is about cities' application of technology or the connection between technology and cities. But all these should serve the most important things in cities: people's hearts," Chiu says.Chiu believes cities should facilitate interaction between people. "Most villagers keep a big tree in front of their houses in traditional rural Taiwan, providing places for villagers to drink tea, chat and sing or listen to folk songs," Chiu says."Similar places are necessary in cities to bond people together," he says.Zhao Qiang, a visitor from Kaifeng in Henan Province, says, "I felt like I was really walking through Taiwan's sceneries in the dome-screen film ... It was terrific. I will definitely take my family to go sight-seeing in Taiwan after the visit."Zeng Heng, a visitor from Taiwan, queued for almost three hours before entering the Taiwan Pavilion. "The Taiwan Pavilion is small and the most exquisite of all 12 pavilions I've visited. The sky lantern allows visitors to interact with the culture," Zeng says.Chiu believes the Taiwan Pavilion can boost tourism in Taiwan and serve as a remarkable platform for cross-Strait peoples to understand each other better through interaction and exchanges.The Shanghai Expo, opening on May 1, had received 10 million visitors as of midday Saturday, the event's organizers said.

BEIJING, May 22 -- China's stock index futures wrapped up their first month of trading on Friday as the May contract was delivered smoothly without triggering sharp declines or volatility in the spot market.The May contract rose 0.51 percent to close at 2749.8 points while the June contract, the most actively traded, rose 1.44 percent to close at 2801 points. The CSI 300 Index, which tracks 300 large caps traded on the Shanghai and Shenzhen bourses gained 1.57 percent to 2768.79 points.The smooth settlement of the May contract eased investors' worries about the "expiration day effect", with fears that it would trigger sharper volatility on the spot market due to more active trading of index futures as investors rushed to close positions for May and changed to June contracts on that day."The trading volume and the holdings of the May contract dramatically decreased in the past month, which significantly reduced the incentive of price manipulation in the spot market," said Yang Cui, an analyst at Changjiang Securities.Chen Zhenzhi, an analyst at Guangfa Futures, said the impact of the expiry day was very limited due to the fact that most institutional investors have not participated in index futures trading.The China's index futures market is still dominated by retail investors although securities firms and equity funds have been allowed to trade the new financial instrument. The securities regulator required that institutional investors should trade index futures for hedging rather than speculative purposes.Trading of index futures contracts, agreements to buy or sell the CSI 300 Index at a present value on an agreed date, allow investors to profit from both gains and declines in the market. Chinese investors could previously only profit from gains in equity prices.Some analysts said the launch of the financial instrument was one of the reasons leading to the recent decline as the short selling mechanism increases market volatility in the short term.The benchmark Shanghai Composite Index has declined 17 percent since the launch of index futures trading on April 16. It has been ranked as one of the world's worst performers along with some debt-troubled European countries.But Wang Lianzhou, former deputy director of the National People's Congress' finance and economics committee, was recently quoted by Chinese media as saying that the market's decline should not be blamed on index futures, which is designed to make the market more professional and less speculative.
COPENHAGEN, May 28 (Xinhua) -- Danish Deputy Prime Minister and Foreign Minister Lene Espersen met here Friday with visiting Vice Chairman of the Chinese National People's Congress Standing Committee Hua Jianmin.Espersen congratulated China on its successful opening of the 2010 World Expo in Shanghai. She said Denmark has fully supported the expo by sending its national treasure Little Mermaid."I hope the Chinese audience will learn more about the Danish culture and the economic and social development of Denmark," Espersen said.The minister praised the Chinese people's hard working and entrepreneurial spirit, and lauded the miracle of China's economic development.Espersen said China and Denmark are important trading partners, not least due to the fact that there are more than 400 Danish enterprises investing in China."Denmark greatly appreciates that China recently sent a trade and investment mission to visit Denmark, and Denmark more than welcomes Chinese corporations to invest in Denmark," Espersen said.Hua, for his part, said bilateral relations have matured over the past 60 years. He said the two sides have sought a common ground on the basis of friendly cooperation.Hua noted that the bilateral comprehensive strategic partnership established in 2008 has offered new opportunity for further development of the Sino-Danish relationship.He also mentioned the increased cultural exchanges between China and Denmark, citing the establishment of a Confucius Institute in Denmark.
BEIJING, April 3 (Xinhua) -- Chinese Premier Wen Jiabao on Saturday pledged to work with the Japanese government to promote the constant development of bilateral strategic and mutually beneficial relations."We should seize the opportunities to enhance coordination and cooperation and properly resolve relevant problems through bilateral, regional and international cooperation mechanisms," Wen said when meeting with Japanese Deputy Prime Minister and Finance Minister Naoto Kan.Wen said the world now faced a critical period of coping with the international financial crisis, and it was very important for the Asian economies to recover first. Chinese Premier Wen Jiabao (R) shakes hands with Japanese Deputy Prime Minister and Finance Minister Naoto Kan during their meeting in Beijing, capital of China, April 3, 2010Japan had advanced technology in energy-saving environmental protection, green economy, modern manufacturing and services, and China had a huge market demand, he noted.Wen hoped the companies from both sides would draw on their respective strengths, expand trade and mutual investment and promote new growth.
来源:资阳报