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GUANGZHOU, Oct. 20 (Xinhua) -- Chinese exporters, faced with dwindling foreign orders amid global economic slowdown, are diverting their attention to domestic markets. At the ongoing Canton Fair, China's leading trade fair, businesses that canvass foreign buyers are also focusing on the local market as their customers in the Western nations are dragged into recession by the global credit crisis. Qiao Guan, board chairman of the Jiangsu Hotwind Sauna Equipment, said his company is planning to divert some of the business from abroad to the domestic market. The company's sales in the United States, which accounted for about 30 percent of its total exports, had dropped by more than 20 percent this year, Qiao said. He hoped the local sales could compensate the decreasing orders in the foreign market. "We have completed research on the domestic market, which shows some exported goods are affordable and have good sales prospects in the local market," he said. The Himin Solar Energy Group, based in east China's Shandong Province, produces solar water heaters that are sold both at home and abroad. Xue Xinwen, head of the firm's international trade department, said the company had been losing orders as some Western countries canceled subsidies on environment-friendly imports. "We have sent more staff to market our products to local infrastructure authorities and companies," he said. "Domestic consumption has been greatly boosted by a robustly growing economy, creating positive situations for exporters to go local," he said. But the readjustment can be difficult. Li Jianlan, a worker with Wanji Plumbing Materials Co. Ltd, based in Ningbo, said an exclusive exporter like her company lacked channels and brand loyalty in the domestic market. "These are two different kinds of markets, and it takes a lot of work to be familiar with the ways business is done with local buyers," she said. Some goods that are made for export are deemed too expensive for Chinese buyers. Huang Yan, general manager of the L-bright Export Manufacture Corporation, said it had been very difficult to sell its products to domestic buyers as they lacked a price advantage. Local governments, aware of the trend, are taking action to encourage the conversions. Guangdong Province, the country's major exporting base, issued a notice in June, ordering local quality inspection authorities to provide needed technical assistance to exporters.
BEIJING, Jan. 23 (Xinhua) -- The Political Bureau of the Communist Party of China (CPC) Central Committee held a meeting Friday to study the application of the scientific outlook on development. The meeting was chaired by the General Secretary of the CPC Central Committee Hu Jintao who is also Chinese President. In a statement issued after the meeting, the Political Bureau urged all Party members to deepen study and application of the scientific outlook on development to promote economic growth, social stability, and the governance capacity of the CPC. The top priority of the application of the scientific outlook on development had always been to maintain fast and steady economic development, to adjust the country's industrial structure and to safeguard and improve the livelihood of the Chinese people, the statement said. However, it noted that China still faced a number of challenges and problems during its social and economic development. Currently, the spreading global financial crisis and the slowdown of world economic growth had exerted great pressure on business operations of Chinese companies and the country's employment situation, the statement said. Moreover, the environmental cost for China's economic development was too high, the statement said, adding that the country's industrial structure remained problematic and lacked independent innovation capacity. It also said China had witnessed increasing difficulty in maintaining steady development of its agricultural sector and in increasing income of its rural residents. Work safety, food and drug safety, and other issues of vital interest to the Chinese public must also be addressed with stepped-up efforts, it said. The statement urged all Party members to apply the scientific outlook on development to their work to deal with the global financial crisis and maintain steady economic growth. Party members should be fully confident while implementing government policies aimed at stimulating domestic demands and promoting economic growth, it said.
Chinese Vice Premier Wang Qishan (front R) shakes hands with U.S. Treasury Secretary Henry Paulson at a signing ceremony on energy and environmental protection cooperation during the fifth China-U.S. Strategic Economic Dialogue in Beijing, China, Dec. 4, 2008. BEIJING, Dec. 4 (Xinhua) -- A senior Chinese official said here on Thursday that China and the United States have reached consensus in five major areas to step up energy and environmental protection cooperation during the on-going fifth round of the Strategic Economic Dialogue (SED). Zhang Xiaoqiang, vice minister in charge of the National Development and Reform Commission (NDRC), said the five areas are as follows. First, the SED completed preparations to start cooperation in five areas: electricity, clean water, clean transportation, clean air and the conservation of forest and wetland ecosystems, mapping out plans and roadmaps. China and the United States signed a 10-year energy and environmental protection cooperation framework in June during the fourth SED held in Washington, with these five areas as initial goals. Chinese Vice Premier Wang Qishan (front R) and U.S. Treasury Secretary Henry Paulson attend the signing ceremony on energy and environmental protection cooperation during the fifth China-U.S. Strategic Economic Dialogue in Beijing, China, Dec. 4, 2008. Second, both sides agreed that energy efficiency would be the sixth initial goal. Third, the SED achieved agreement on a framework document for the green partnership project under the 10-year cooperation framework. It will be formally signed by Chinese Vice Premier Wang Qishan and U.S. Treasury Secretary Henry Paulson. Fourth, institutions including China's NDRC and the China Exim Bank, as well as the U.S. Trade and Development Agency and the Export-Import Bank of the United States, will sign a memorandum of understanding on measures to support the 10-year energy cooperation. Fifth, seven eco-partnerships from the two countries will sign letters of intent on cooperation. These agreements include one involving China's southwestern Chongqing Municipality, the U.S. city of Denver and car maker Ford on an electric and hybrid automobile project. The two-day SED, which is to end on Friday, also covers macro-economic risks, trade challenges and the investment environment.
ATHENS, Nov. 25 (Xinhua) -- Chinese President Hu Jintao said here on Tuesday that China hopes to push its ties with Greece to a higher level. The Chinese government has attached great importance to its relations with Greece and has been viewing the bilateral ties from a strategic and long-term perspective, Hu said during his meeting with Greek Prime Minister Costas Karamanlis. China hopes to expand the scope of shared interests with Greece and push forward bilateral cooperation in various sectors, the Chinese president said. He suggested that the two sides set up a guideline for long-term economic cooperation and establish a more effective communication platform for enterprises on both sides. Chinese President Hu Jintao (R) meets with Greek Prime Minister Costas Karamanlis in Athens, capital of Greece, Nov. 25, 2008 He said that the Chinese government supports competent Chinese enterprises to invest in Greece and carry out mutually beneficial cooperation in telecom, energy, environmental protection, tourism and isle development. He also proposed the two countries pay more attention to cooperation in the oceanic shipping industry. In addition, China and Greece should devote major efforts to strengthening cultural cooperation, he said. The two sides should enhance cooperation in language teaching, the protection of cultural relics, the press and publication, said the Chinese president. Efforts should also be made to advance academic and youth exchanges and to explore cooperation potential in traditional medicine, disaster prevention and relief, as well as in social development, the Chinese president said. Karamanlis said significant progress has been achieved in the Greek-Chinese ties after the two nations formed the comprehensive strategic partnership in 2006. He echoed Hu by saying that the two sides should enhance cooperation in oceanic shipping and tourism. Greece hopes to become a gateway of Chinese commodities into the region and welcomes Chinese people to visit the country, he said. The two sides should also strengthen cooperation within international organizations as the world is faced with major challenges like the current financial crisis, the Greek prime minister said. The two leaders also discussed Sino-European relations. China is willing to work with its European partners to properly handle major issues of common concern and resolve differences in an effort to strengthen strategic mutual-trust, push forward cooperation in all areas and ensure the growth of the Sino-Europe comprehensive strategic partnership in the long run, Hu said. He added that China appreciates the endeavor and contribution by Greece to the development of Sino-European ties and hoped the Greek side will play a more active role in the future. For his part, Karamanlis promised to continue its active efforts in boosting China-EU relations in an all-round manner. Hu arrived in Athens on Monday for a state visit to Greece, the last leg of his five-nation trip. He had earlier attended a financial summit in Washington and paid state visits to Costa Rica, Cuba and Peru, where he also attended the Economic Leaders' Informal Meeting of the Asia-Pacific Economic Cooperation (APEC) forum in Lima.
ALGIERS, Nov. 5 (Xinhua) -- China and Algeria voiced commitment here Wednesday to step up bilateral strategic and cooperative relations and called for intensified cooperation in fields such as infrastructure, energy and resource exploration. In his meeting with Algerian Prime Minister Ahmed Ouyahia, visiting Chinese top legislator Wu Bangguo called Algeria as "an important cooperation partner," noting that China highly values its strategic and cooperative relations with Algeria. China and Algeria are both developing countries and share common aspiration to develop their economies to improve the welfare of their peoples, said Wu, Chairman of the Standing Committee of China's National People's Congress (NPC). He noted that China will join hands with the Algerian side to cement the bilateral cooperation in long-term and strategic perspectives. He proposed the two nations should work closer in fields such as infrastructure construction, energy, resource exploration and establish an economic and trade cooperation zone. "We should encourage our enterprises to work together on some big and important projects to improve the quality and level of the China-Algeria cooperation," Wu added. "The Chinese government will encourage Chinese enterprises to establish business and invest in Algeria, adopt open policy on technology transfer to Algeria and launch various training programs for Algerian personnel in an effort to contribute to Algeria's economic structure adjustment and employment enlargement," the Chinese top legislator said. Agreeing with Wu's proposal, Ouyahia said that the Algerian government has a sincere will to learn from China and boost bilateral cooperation and mutual investment to help the country's economic transformation and realize sustainable development. Wu Bangguo (L), chairman of the Standing Committee of China's National People's Congress, meets with Algerian Prime Minister Ahmed Ouyahia in Algiers, capital of Algeria, on Nov. 5, 2008The Algerian government would create bigger space and better conditions for Chinese companies to start their business in Algeria, the prime minister promised. Wu also met with Abdelkader Bensalah, President of Algerian Council of the Nation, on Wednesday. Wu said his visit has realized the purpose of promoting the inter-parliamentary cooperation with Algerian parliament and boosting the bilateral strategic and cooperative relations. "We have become brothers on political issues, good partners in trade, and good friends with close coordination on world affairs," Wu recognized. He also reaffirmed the NPC's willingness to share its experience with the Algerian Council of the Nation on issues concerning legislation and national development in an aim to boost substantial cooperation and promote friendship between the two peoples. Wu Bangguo (L Front), chairman of the Standing Committee of China's National People's Congress, meets with the President of Algerian Council of the Nation Abdelkader Bensalah (R Front) in Algiers, capital of Algeria, on Nov. 5, 2008Bensalah highlighted that the achievement China scored in its national economic and social development is a living proof to the world of the success of the country's opening-up policy. The Algerian Council of the Nation hopes to step up its friendly exchange and cooperation with the NPC, Bensalah said. Algeria is the first leg of Wu's five-nation Africa tour which will also take him to Gabon, Ethiopia, Madagascar and Seychelles.