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BEIJING, Dec. 12 (Xinhua) -- China should take more forward looking and preemptive measures to fight inflation expectations following this year's credit boom and runaway property prices, said a report released by a leading Chinese bank. Bank loans should be extended at a more reasonable pace with improved structures next year and policy fine-tuning is necessary, the Bank of Communications has said in a report released by its financial research center. The government should maintain the continuity and stability of its monetary policy and meanwhile be more targeted and flexible, it said. The report noted an over brisk equity and property market are always prelude of inflation. Money flow should be regulated to prevent asset bubbles. It also suggested government increase supply of land resources and affordable housing and crack down on land enclosure to curb skyrocketing property prices which gained the most in 14 months in November. CPI, the main gauge of inflation, jumped 0.6 percent in November from a year ago, the first monthly growth since January, because of lower statistical bases and rising food prices. The producer price index (PPI), a major measure of inflation at the wholesale level, declined 2.1 percent in November from a year earlier. The report expected PPI to end monthly drop in December, and the annual CPI decline to narrow to 0.8 percent. Hyperinflation is unlikely and CPI is predicted to rise four percent next year, it said.
HUA HIN, Thailand, Oct. 26 (Xinhua) -- With a delighted and relieved smile, Chinese Premier Wen Jiabao waved to the crowd on Sunday at the airport in Thai resort Hua Hin before he left for home. The premier has successfully finished his visit to Thailand after attending a series of summit meetings related to the Association of Southeast Asian Nations (ASEAN) during the past three days. China's Premier Wen Jiabao (L Front) arrives in Hua Hin, Thailand, Oct. 23, 2009 for a series of meetings related to the Association of Southeast Asian NationsThis is Wen's second visit to this country in 2009. Half a year ago, despite extreme political turbulence in Thailand, Wen decided to attend the ASEAN summits in Pattaya in a bid to show China's sincerity to the world. During the 22 hours in Pattaya, Wen used all possible chances to hold talks with the leaders at the summits and meet journalists, transmitting China's determination and confidence in overcoming the global financial crisis and pushing forward East Asia cooperation. Chinese Premier Wen Jiabao (C) meets the press in Hua Hin, Thailand, Oct. 23, 2009. Wen had been deeply convinced that enhancing cooperation and working together to overcome the difficulties of the time were in accord with the fundamental interests of East Asian peoples. Once we had sincerity, determination and confidence, the hope would not be dashed, the premier said. During the following six months, the Chinese government decided to set up a 10-billion-U.S. dollar China-ASEAN investment cooperation fund, establish the China-ASEAN Free Trade Area, and provide financial support to ASEAN countries. Trade between China and ASEAN has entered into the period of recovery since September. Chinese Premier Wen Jiabao has a working lunch with leaders attending the fourth East Asia Summit in the southern Thai resort town of Hua Hin, Oct. 25, 2009At the Oct. 23-25 Hua Hin summits, Wen brought not only good news of China's economic rebound, but also a six-point proposal for strengthening cooperation between China and ASEAN, which included building an economic cooperation zone and boosting cooperation in such sectors as investment, agriculture, intellectual property rights, infrastructure construction and culture. Wen emphasized that challenge could turn into opportunity, cooperation could bring strength, while innovation could contribute to success. The blueprint of East Asia cooperation would be better, he said, adding that the hope is just like "an imperishable lighthouse," which leads the East Asian people amid ups and downs. Mutual respect and trust constitute the foundation for cooperation. Wen held a series of meetings with leaders of other countries during the ASEAN summits, with his meetings with Indian Prime Minister Manmohan Singh and Australian Prime Minister Kevin Rudd having been widely followed. Chinese Premier Wen Jiabao (R) meets with Indian Prime Minister Manmohan Singh in Hua Hin, Thailand, on Oct. 24, 2009. Wen arrived here on Friday evening to attend the summit meetings of the Association of Southeast Asian Nations (ASEAN) with its partnersWen and Singh have confirmed their strong willingness for common and harmonious development between the two sides during their talks. Maintaining good-neighborly and friendly relations as well as mutual beneficial cooperation between the two big developing countries would not only benefit both peoples, but also bring hope for Asia and the world, the two leaders said. Chinese Premier Wen Jiabao (R) meets with Australian Prime Minister Kevin Rudd in Hua Hin, Thailand, October 24, 2009. Wen Jiabao and Kevin Rudd are here to attend a series of leaders' meeting related to the Association of Southeast Asian Nations (ASEANAlthough China and Australia have different political systems, levels of economic development, historical and cultural background, common interests had led to an increasingly close relationship between the two Asia-Pacific powers. The talks between Wen and Rudd had shown that there would be no unconquerable difficulties as long as the two sides treated each other with mutual respect and pursued win-win cooperation. Establishing an East Asian Community is the common desire of the people in the region, though the path toward realizing the goal will be long and bumpy. China will sincerely, firmly, actively and effectively engage in pushing forward the integration of East Asia. Half a century ago, together with India and Myanmar, China proposed the Five Principles of Peaceful Coexistence, advocating for mutual respect, equal treatment and friendly cooperation among all nations. In the early 1990s, China initiated the cooperation between ASEAN and itself. In the aftermath of the Asian financial crisis, the regional cooperation in East Asia began to pick up in pace. Wen firmly expressed at the Hua Hin summits that China would work with East Asian nations toward realizing the long-term goal of establishing the East Asian Community. The clouds of the international financial crisis remain overhead. However, consensus and hopes are in the making among the members of East Asia, shining as an ever-bright lighthouse and leading the way to a more promising future.
BEIJING, Dec. 3 (Xinhua) -- Chinese Vice Premier Li Keqiang met here Thursday with Sadako Ogata, president of the Japan International Cooperation Agency (JICA). Li said China-Japan strategic and mutually-beneficial relationship has entered into a new stage and it is in the fundamental interests of the people to stick to China-Japan friendship and mutually-beneficial cooperation. Li said that the two countries should respect and take care of each other's major concerns, enhance pragmatic cooperation and increase mutual understanding between the two peoples in a bid to push forward bilateral ties in a long-term, healthy and stable manner. The two governments, via the JICA, Japanese government's overseas aid agency, have conducted effective cooperation since the normalization of bilateral ties, said Li, calling for more exchanges of youth and scientists between the two countries. Ogata visits China as guest of China's Ministry of Science and Technology
CHENGDU, Jan. 6 (Xinhua) -- A senior Chinese official here Wednesday stressed the importance of solving minor disputes through mediation rather than letting them get worse. Zhou Yongkang, a Standing Committee member of the Political Bureau of the Communist Party of China (CPC) Central Committee, made the remarks during a visit to southwest China's Sichuan Province. Zhou Yongkang (L), a member of the Standing Committee of the Political Bureau of the Central Committee of the Communist Party of China(CPC), talks with a local woman during his visit to Yangping Village of Chengdu, capital of southwest China's Sichuan Province, Jan. 5, 2010Zhou praised the province's mediation system that was being implemented at province, city, county and village levels. He urged local governments to set up mediation services wherever they were needed. During a visit to the people's court in the Dujiangyan City, Zhou stressed that civil servants and legal professionals should work in a just manner and be morally upright. Zhou Yongkang (front R), a member of the Standing Committee of the Political Bureau of the Central Committee of the Communist Party of China(CPC), visits a local resident's home in Chengdu, capital of southwest China's Sichuan Province, Jan. 5, 2010. Zhou Yongkang made an inspection tour in Sichuan Province on Jan. 2-6He called upon political and legal departments at all levels to constantly improve their credentials, ensuring equity and justice. In addition, Zhou urged local governments to serve and manage migrant groups well and solve any outstanding security issues.
TAIPEI/BEIJING, Nov. 10 (Xinhua) -- A delegation from the Chinese mainland is expected to sign contracts with Taiwan's companies valued at more than three billion U.S. dollars during its 6-day trip on the island, the delegation head said Tuesday. The delegation, which arrived in Taipei Monday, was headed by Liang Baohua, chief of the Communist Party of China (CPC) provincial committee in east China's Jiangsu Province. The delegation would also sign Memorandum of Understandings to enhance cooperation in areas including economy, trade, agriculture, science and technology, tourism, culture and education, said Liang at the opening ceremony of "Jiangsu-Taiwan Week" in Taipei Tuesday. Kuomintang Honorary Chairman Lien Chan delivers a speech at the opening ceremony of "Jiangsu-Taiwan Week" held in Taipei, south China's Taiwan Province, Nov. 10, 2009. The "Jiangsu-Taiwan Week" kicked off in Taipei on Tuesday. The provincial-level delegation from the Chinese mainland is expected to sign contracts with Taiwan's companies valued at more than three billion U.S. dollars during its 6-day trip on the island. "Our visit itself reflects the peaceful development in cross-Strait ties in the past year," said Liang when he met the Kuomintang (KMT) honorary chairman Wu Poh-hsiung Monday. Invited by the KMT central committee, Liang was the first CPC provincial committee chief to visit Taiwan. It indicated the expanding and deepening exchanges across the Taiwan Strait, said KMT Deputy Secretary-General Chang Jung-Kong. Taiwan had received and would witness a series of mainland delegations headed by senior officials at the provincial-level. A delegation headed by Li Chongxi, deputy chief of the CPC's Sichuan provincial committee arrived in Taipei on Nov. 1 to discuss cooperation in trade and tourism. Beijing Vice Mayor Ji Lin, who led a group of more than 250 members, arrived the island the next day and took part in a symposium on science and technology. Xu Bodong, an expert on Taiwan affairs and also professor of the Beijing Union University, said the visit by the Jiangsu delegation was a continuity of trips made by Sichuan and Beijing. "The trips reflect higher level development of cross-Strait ties as the exchanges at the local level involved more specific issues," he said. Enterprise representatives sign the cooperation memorandum at the opening ceremony of "Jiangsu-Taiwan Week" held in Taipei, south China's Taiwan Province, Nov. 10, 2009The CPC and KMT reached an agreement on the common prospects for peaceful cross-Strait development in 2005, which had now become a basic policy of the Taiwan authority, said the Taiwan-based Straits Exchange Foundation (SEF) chairman Chiang Pin-kung when he met Liang Baohua Tuesday. Local CPC chiefs on the mainland, however, had for a long time mainly played the role as hosts to receive KMT guests from Taiwan after the positive changes took place in the island in May 2008. For example, Liang acted as a host to receive Lien Chan, Wu Poh-hsiung and Chiang Pin-kung for several times, according to Xu Bodong. "Now they finally came to the front of exchanges and dialogue," Xu said. As Liang Baohua put it, "Our visit is to implement the common prospects for peaceful cross-Straits development with pragmatic measures on behalf of a province." Following Liang's visit, Xu Guangchun, chief of CPC's Henan provincial committee, will also visit Taiwan next month at the invitation of the KMT central committee, according to the Henan provincial committee Tuesday. Wang Jianmin, a Taiwan affairs researcher at the Chinese Academy of Social Sciences, said "local CPC committees and government could make bigger stride in promoting economic, trade and cultural exchanges with a view to the new situation in cross-Strait relations." Exchanges and cooperation at the local level across the Strait would be institutionalized in the future and would bring greater benefits to people on both sides, Wang said. Liang Baohua (1st L), secretary of Jiangsu Provincial Committee of the Communist Party of China (CPC), Kuomintang Honorary Chairman Lien Chan (2nd L), Chen Wu-hsiung (3rd L), director-general of Taiwan Federation of Industries (TFI), and Zhang Jindong (1st R), board chairman of Suning Corporation, attend the opening ceremony of "Jiangsu-Taiwan Week" held in Taipei, south China's Taiwan Province, Nov. 10, 2009