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BEIJING, Feb. 27 (Xinhua) -- China's massive stimulus package has proved effective, with the Chinese economy having bottomed out and now in recovery mode, Chinese Premier Wen Jiabao said during an online chat Saturday.The stimulus package brought confidence and courage, and improvements have been gradually made during its implementation, Wen said while chatting online with Netizens at www.gov.cn and www.xinhuanet.com.Boosted by a raft of stimulus measures, China's economy expanded 8.7 percent in 2009, staging a speedy recovery after being hit by the worst global financial crisis in eight decades.Chinese Premier Wen Jiabao (L) prepares to chat with Internet surfers on two state news portals in Beijing, China, Feb. 27, 2010. The two portals, the central government website (www.gov.cn) and the Xinhua News Agency website(www.xinhuanet.com), will jointly interview Wen, which will be shown live in both text and videoThe stimulus package included fiscal spending; tax cuts; adjustment and support policies for key industries; support systems for scientific development; and improvements in the social security system.The package has contributed to the nation's development and people's livelihood with both economic and social achievements, he added.
BEIJING, March 19 (Xinhua) -- Chinese Vice Minister of Commerce Zhong Shan will pay a three-day visit to the United States from March 24 to strengthen economic and trade cooperation, said a statement posted on the official website of the Ministry of Commerce (MOC) Friday.The visit was aimed at expanding bilateral trade and promoting the healthy and stable development of the Sino-U.S. economic and trade relations, the statement said.Zhong would also negotiate with the U.S. administration over Sino-U.S. trade issues in an effort to increase mutual understanding, and defuse trade frictions, the statement said."Sino-U.S. economic and trade relations are mutually beneficial," said He Ning, director general of the Department of American and Oceanian Affairs of the MOC."China believes any economic and trade issues, including the RMB (Chinese currency) exchange rate, can be resolved through dialogue."But we should avoid politicizing economic and trade issues," He told journalists Friday in Beijing.He said commodities trade figures only mirrored flows of the products, but it could not truly reveal the beneficiaries.Chinese Premier Wen Jiabao said earlier this month that half of China's exports came from the processing trade, in which imported components were assembled at factories in China and 60 percent were made by foreign-funded companies or joint ventures with foreign partners.MOC spokesman Yao Jian said Tuesday China welcomed more U.S. high-tech exports, and was willing to promote more balanced Sino-U.S. trade. En
BEIJING, Feb. 27 (Xinhua) -- Top "livelihood concerns" of Chinese people such as employment, medicare, housing and widening wealth gap were key topics in Premier Wen Jiabao's online chat with netizens on Saturday.EMPLOYMENT PRESSUREChina is facing serious challenges in employment, though labor shortage has been found in booming coastal cities recently, Wen said.He attributed the labor shortage to possible economic recovery, lack of skilled worker and workers' growing awareness of their own rights and interests who would weigh choices for better salaries.Chinese Premier Wen Jiabao (L) chats on-line with netizens at two state news portals in Beijing, capital of China, Feb. 27, 2010. The two major portals, namely www.gov.cn of the central government, and www.xinhuanet.com of Xinhua News Agency, jointly interviewed Premier Wen on Saturday with chosen questions raised by netizensAlthough the labor shortage in certain areas signals a stabilized and recovering economy, the serious employment situation has not changed in general, Wen said."Every year 150 million migrant workers leave their rural homes to seek jobs in cities, 24 million urban unemployed are waiting for jobs, and the number of university graduates will hit a record high of 6.3 million this year, all adding up to the employment pressure," Wen said."I hope the employment situation is better than last year," he said.Wen encouraged university graduates to start their own businesses.
BEIJING, March 6 (Xinhua) -- China will further improve the formation mechanism of exchange rate of the renminbi, or the country's currency yuan, to keep the exchange rate basically stable at an adaptive and balanced level, the People's Bank of China said Saturday.The central bank made the statement in a report delivered to media during a press conference on the sideline of the annual parliament session. Zhang Ping, Chairman of National Development and Reform Commission (NDRC), Xie Xuren, the Minister of Finance, Chen Deming, the Minister of Commerce, and Zhou Xiaochuan, governor of the People's Bank of China, attend a news conference of the Third Session of the 11th National People's Congress (NPC) on the enhancement and improvement of macro-economic control held at the Great Hall of the People in Beijing, China, March 6, 2010.
BEIJING, March 14 (Xinhua) -- Premier Wen Jiabao said Sunday that keeping the RMB exchange rate basically stable had played an important role in facilitating the recovery of the global economy from the worst financial crisis in decades.When the global economy was worst hit between July 2008 and February 2009, the real effective exchange rate of the RMB has risen by 14.5 percent, Wen told a press conference after the annual parliament session. Chinese Premier Wen Jiabao smiles during a press conference after the closing meeting of the Third Session of the 11th National People's Congress (NPC) at the Great Hall of the People in Beijing, capital of China, March 14, 2010.