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BEIJING, Dec. 21 (Xinhua) -- Chinese President Hu Jintao has called on the country's enterprises to recruit more talents and strengthen research and innovation in order to facilitate the transition from "made in China" to "created in China." Hu made the remarks during a two-day inspection to Zhuhai, a coastal city in China's southern economic hub of Guangdong Province, from Sunday to Monday. Chinese President Hu Jintao (C) talks with students at the Zhuhai advanced vestibule school in Zhuhai, south China's Guangdong Province, Dec. 21, 2009. President Hu Jintao made a two-day inspection tour in Zhuhai from Dec. 20During his visits to the Kingsoft Corporation Limited, a leading software company in China, and a research institute of the Gree Electric Appliances Inc., Hu said the two companies' business success was indispensable from the country's support and their own research and innovation. Chinese enterprises should recruit more talents and hone their research and development capabilities in order to facilitate the transition from "made in China" to "created in China," Hu said. He also urged members of the Communist Party of China (CPC) to play a leading role in the enterprises' technical innovation. Chinese President Hu Jintao (3rd R Front) visits Kingsoft Corporation Limited in Zhuhai, south China's Guangdong Province, Dec. 21, 2009. President Hu Jintao made a two-day inspection tour in Zhuhai from Dec. 20The president also visited two local technician training schools, where he encouraged the students to devote themselves to their studies in order to become talents needed by the country. After hearing the work reports from the Guangdong provincial government and the Communist Party of China (CPC) Guangdong provincial committee, Hu urged the province to accelerate its transition to an innovation-driven economy. The province should also make sound efforts to improve people's livelihood, promote socialist culture, safeguard social harmony and stability, and push forward party building under the new situation, he said. Hu, also general secretary of the Central Committee of the CPC and chairman of the Central Military Commission, visited Zhuhai after he attended celebrations marking the 10th anniversary of Macao's return to the motherland.
BEIJING, Nov. 17 (Xinhua) -- China and the United States have agreed to continue dialogue and cooperation in macroeconomic and financial policies as the recovery of the global economy remains unsteady, Chinese President Hu Jintao told the press here on Tuesday after his talks with visiting U.S. President Barack Obama. Hu said he and President Obama exchanged views on the current global financial situation and held that given the positive signs of the recovering global economy, the foundation of it was far from solid. "We both agreed to properly handle trade frictions between the two countries through negotiations on an equal basis, and to make concerted efforts to boost bilateral trade and economic ties in a healthy and steady way," said Hu. "I stressed to President Obama that under the current situation, both China and the United States should oppose and resist protectionism in all forms in an even stronger stand," he said.
TAICHUNG, Dec. 23 (Xinhua) -- Letting in more mainland investors again hit the agenda in Taiwan as negotiators from two sides discussed mainland investment with local business people Wednesday. At the symposium, Chen Yunlin, president of the mainland's Association for Relations Across the Taiwan Straits (ARATS), suggested Taiwan should not be "afraid" of competitors. When the mainland began to open up, the enterprises and industries also worried that they would be beaten by overseas competitors, but 30 years after, they not only survived but also became stronger, Chen said. Chen Yunlin, president of the Chinese mainland's Association for Relations Across the Taiwan Straits (ARATS), speaks on a symposium on the investment of Chinese mainland to Taiwan, in Taichung of southeast China's Taiwan, Dec. 23, 2009. "High liquidity of capital, people, resources and knowledge across the Taiwan Strait will bring prosperity to both sides," he said. "The mainland's advantage in manufacturing and Taiwan's leading marketing will supplement each other. Thus, the two can form a bigger economic entity in face of global competition." Taiwan's Straits Exchange Foundation (SEF) Chairman Chiang Pin-kun echoed Chen's remarks. Chen Yunlin, president of the Chinese mainland's Association for Relations Across the Taiwan Straits (ARATS), shakes hands with Chairman of Taiwan's Straits Exchange Foundation (SEF) Chiang Pin-kung on a symposium on the investment of Chinese mainland to Taiwan, in Taichung of southeast China's Taiwan, Dec. 23, 2009. "(The mainland's) investment will bring more employment and boost economic growth, which will benefit both sides," Chiang said. He admitted that not many mainland investors had entered Taiwan since the island lifted the ban in June, mainly because only a limited number of sectors were opened to them. Another reason was that mainland investors were not yet familiar with the local market and business practice, Chiang said. By the end of November, the Taiwan authorities approved 15 investment plans from the mainland, totalling 5.82 million U.S. dollars. "I hope the policies can be clearer, the procedures simpler and more sectors are opened to us," said Wang Jing, president of the Newland Group, a Fujian-based IT firm with a project in Taiwan. Currently, mainland investment can go to the sectors of textile, car making, home appliance, retailing and wholesale of consumer products, air and shipping service and infrastructure for public use (not including construction contractors). Mainland companies have to get approval from Taiwan authorities under strict regulations and the conditions are also restrictive in those accessible sectors, Wang said. "The restrictions will prevent mainland companies from enjoying fair competition." She cited the complicated procedure that mainland businessmen had to undergo to travel to Taiwan. "We have invested in an IT firm in Taiwan. Research work requires cooperation between staff on both sides and they have to travel a lot across the Strait. When there is an emergency, our mainland staff always could not go to Taiwan promptly," she said. "In a world of tough competition, we should not sacrifice efficiency." Many mainland companies are interested in real estate development, finance and telecommunication that are still not on the list. Long Ge, vice president of Shanghai Xiandai Architectural Design Group, just finished a business tour in Taiwan. "We hope to set up an office in Taiwan in near future," Long said. His company hoped to launch real estate businesses, not only design but also construction and marketing, in Taiwan. "But we cannot if the restrictions remain there," he said.
BEIJING, Jan. 7 -- China's central bank Wednesday said it will manage inflation expectations and keep a close watch on the property market through its credit and money supply policies. In a statement on its website, the People's Bank of China (PBOC) said it would try to maintain ample liquidity in the financial system, and ask banks to lend more evenly, while strictly implementing credit policies in the property sector. The nation will also take steps to rein in fast-rising property prices and strengthen credit controls for the sector, according to Housing and Urban-Rural Development Minister Jiang Weixin. A customer checking out a model of a real estate project in Shenzhen, Guangdong province. Property prices in China's 70 major cities rose at the fastest pace in 16 months in November "We should scrap or adjust local property policies launched last year that no longer comply with the current macroeconomic goals," Jiang said. According to Dong Chen, director of the research institute of Southwest Securities, the government moves on real estate policies indicate that while policymakers are striving to cement the economic rebound, they are also serious in curbing the excessive liquidity in the financial system to allay fears of asset bubbles and inflation. Property prices in China's 70 major cities rose at the fastest pace in 16 months in November, fueling concern that record lending and inflows of capital from abroad are building up asset bubbles. "Credit policy is the key to curb the rising property prices, as it would have a direct impact on transaction volumes," said Su Xuejing, an analyst with Changjiang Securities. "We anticipate more policy tightening in the future like increasing the down payment and mortgage rates for second-home buyers," he said. Shanghai Securities News said on Tuesday that the government plans to expand trials of a real estate tax, citing an unidentified person close to the State Administration of Taxation. The anticipated policy changes have also affected the capital market performance of leading realtors. Shares of China Vanke Co, the country's largest listed property developer, have fallen more than 12 percent in the past month on concerns that the measures to cool the property market would impact earnings. Poly Real Estate Group Co, the second largest real estate firm, also saw its shares fall to a four-month low. Meanwhile, a report from UK real estate service provider Savills said that the tighter credit policies and soaring realty prices have spurred property sales by international investors. Many of the investors had acquired the properties several years back and have been able to get handsome returns now, it said. "Sales by foreign investors increased from 7 percent in 2008 to 20 percent in 2009," said the report.
BEIJING, Dec. 18 (Xinhua) -- Chinese President Hu Jintao recently called for the whole nation to make further advancement in reform of the cadre and personnel system. Vice President Xi Jinping, also a Standing Committee member of the Political Bureau of the Communist Party of China (CPC) Central Committee, made the indications on the issue as well, noting that more achievement should be made in building a scientific cadre's selection and appointment system. The CPC central committee has approved the outline of deepening the reform of cadre and personnel system (2010-2020) and it has been formally released. The plan put forward the goal and major tasks of the reform in next ten years. The plan stressed the importance in dealing key issues concerning leadership and cadre cultivation, in making correct standard of cadre appointment and in improving the public credibility of cadre selection.