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PORT LOUIS, Jan. 7 (Xinhua) -- Visiting Chinese Vice Premier Hui Liangyu called for closer ties with Mauritius while meeting with Mauritian President Sir Anerood Jugnauth at the State House here on Friday.Jugnauth commended the mutual beneficial cooperation between the two countries and expressed appreciation for China's assistance to Mauritius in the past years.The Mauritius president said that he is impressed by China's achievement in developing its economy and turning into an important country in the world.Visiting Chinese Vice Premier Hui Liangyu (1st L) meets with Mauritian President Anerood Jugnauth in Port Louis, Mauritius, Jan. 7, 2011.For his part, Hui noted in the meeting that China and Mauritius have enjoyed cordial relationship since the two countries established diplomatic ties in 1972 and with more frequent exchange of high level visits and deepening cooperation in multi-sectors, the bilateral ties have been further strengthened.He said during the visit of Chinese President Hu Jintao to the Indian Ocean island country in 2009, the Chinese president and Mauritius officials resolved to push the bilateral cooperation to a higher level.As the two countries are embracing the 40th anniversary of the establishment of diplomatic ties next year, China is committed to building stronger ties with Mauritius in various aspects, he said.Hui started his three-day visit to Mauritius on Friday, the first leg of his five-African country tour which will also take him to Zambia, the Democratic Republic of Congo, Cameroon and Senegal.

BEIJING, Dec. 30 (Xinhua) -- China's Ministry of Civil Affairs (MCA) has ordered measures to offset the impact of inflation on "people with difficulties" to ensure their ability to subsist, especially during the New Year and the Spring Festival.Rising food costs alongside other factors have been driving up China's inflation. For instance, the consumer price index (CPI) increased by 5.1 percent last month, hitting a 28-month high.In a recent notice to local civil affairs authorities, the MCA ordered "effective measures" to minimize the impact of inflation on low-income groups and other groups of people having financial difficulties.Civil affairs authorities should set proper living allowances for these groups by assessing the impact of rising prices on their lives, the notice said.Further, a mechanism that ensures living allowances are raised at the same rate as rising prices should be established, and the amount of living allowances should be raised.The notice also ordered local civil affairs authorities to rescue the homeless in cities and help them throughout the winter.The Spring Festival, also known as the Chinese Lunar New Year, will fall on Feb.3, 2011. It is the most important festival for people of Chinese origin as it is an occasion for reunions of family members, relatives and friends.

BEIJING, Jan. 14 (Xinhuanet) --The country's GDP growth rate will slow to 8.7 percent this year from 10 percent in 2010, and a key challenge in 2011 will be to ensure that anti-inflationary measures do not "significantly" reduce growth, the World Bank said on Thursday.The bank estimates that global GDP, which expanded by 3.9 percent in 2010, will slow to 3.3 percent in 2011, before reaching 3.6 percent in 2012. Developing countries will continue to outstrip growth in developed countries, it said.Amid credit-tightening measures to combat inflation and surging property prices, China's growth is expected to ease to 8.4 percent in 2012, the bank said.Despite the slowdown, China will spearhead Asia's economic expansion. According to the bank's forecast, the overall growth rate for developing Asian economies will ease to 8 percent from last year's 9.3 percent as governments rein in credit to cool inflationary pressures."For China, a big concern is how to ensure a soft landing of the economy without significantly reducing growth when the government takes measures to curb inflation," said Hans Timmer, director of development prospects at the World Bank.The consumer price index (CPI), a main gauge of inflation, accelerated to a 28-month high of 5.1 percent in November from a year earlier and most economists predict that it will be in the region of 4 to 4.5 percent this year.In a bid to combat inflation, the central bank hiked interest rates by 25 basis points twice in the last quarter of 2010.Ardo Hansson, lead economist of the World Bank's Beijing Office, said the country needs more flexibility in its foreign exchange policy to fight inflation.China's central bank set the yuan's mid-point beyond 6.60 against the US dollar for the first time on Thursday, breaching an important barrier just days before President Hu Jintao's visit to the United States next week.The People's Bank of China set the mid-point, from which the currency can rise or fall 0.5 percent on a given day, for daily trading against the dollar at 6.5997, the first time it had broken through 6.60.The yuan has risen around 3.6 percent since June when authorities dropped a peg with the US dollar that had been set to support the economy during the global financial crisis.Some US politicians have been pressing China to allow the currency to rise at a faster pace to help narrow a trade gap.US Treasury Secretary Timothy Geithner repeated his call on Wednesday for a faster appreciation of the yuan and added that such a move could lead to an easing of restrictions on US technology exports to China, with both civilian and military use."The recent quickened pace of yuan appreciation could be considered as a gesture by the Chinese government before Hu's visit to the US," said Dong Xian'an, chief macroeconomic analyst with Industrial Securities.According to Dong, the yuan will appreciate by 5 to 6.6 percent this year, "a moderate pace".Wang Tao, chief China economist at UBS Securities, said they expected the currency to grow by 5 percent in 2011.The yuan can now be increasingly used in cross-border transactions, in a bid to reduce dependence on the US dollar after Premier Wen Jiabao said in March that he was "worried" about holdings of dollar-denominated assets.The central bank is allowing banks and enterprises in areas that carry yuan-settled trade to use yuan-denominated investment overseas directly, it said in a statement on its website on Thursday, describing the initiative as a pilot program.According to data from HSBC, the average monthly volume of yuan-settled trade surged from 0.6 billion yuan ( million) in 2009 to 68 billion yuan between June and November 2010. And one-third of China's cross-border trade may be settled in yuan by 2016, as the government pushes for the internationalization of the currency.

MADRID, Jan. 5 (Xinhua) -- Vice Premier Li Keqiang's visit to Spain will vigorously boost the development of the comprehensive strategic partnership between China and Spain, and turn a new chapter of bilateral trade and economic cooperation, a Chinese official said here on Wednesday.Gao Hucheng, China's international trade representative and vice minister of commerce, told reporters in Madrid that Li's ongoing Europe tour is the first foreign trip by Chinese leaders in 2011 and the choice of Spain as the first leg demonstrates the importance that China has attached to its ties with Spain and its strong will to promote cooperation with Spain.Li arrived here Tuesday for a three-day official visit to Spain. He will later visit Germany and Britain in his three-nation Europe tour.Gao hailed the ever closer trade relations between China and Spain, their increasing two-way investments and new progress in their cooperation in major projects such as in the energy field.Gao said both sides have been deepening cooperation in some traditional areas like finance and telecommunication, and making new achievements in new energy and brand cooperation.During Li's visit to Spain, the two sides signed a series of agreements on economic and trade cooperation in the financial, petroleum and chemical, renewable energy, nuclear power equipment and food sectors, he said, adding that the deals are worth 7.5 billion U.S. dollars.Vice Premier Li, whose entourage included more than 80 entreprenurs, Wednesday delivered a speech at a breakfast attended by Chinese and Spanish entreprenurs.The address augmented the confidence of the two countries' enterprises in bilateral cooperation in coping with the global financial crisis, and the expansion of bilateral economic and trade cooperation, Gao said.As a long-term strategic partner of the European Union (EU), China supports the measures Spain and other EU countries have taken to stabilize its economy and financial markets, and it has confidence in Spain's and the EU's financial markets, he said.After the outbreak of the sovereign debt crisis in Europe, Gao said, China has kept buying national bonds of Spain and other EU nations, helping EU countries weather the crisis with concrete efforts.Gao expressed his belief that with concerted efforts by the EU and the international community, Spain and other EU nations will eventually tide over the crisis and achieve full economic recovery.