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SHIJIAZHUANG, July 6 (Xinhua) -- Chinese top political advisor Jia Qinglin Monday encouraged private companies to go "green" by developing new energy and energy-saving technologies. In a one-day inspection tour to Langfang city of central China's Hebei Province, Jia, chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), visited the XinAo Group, a local private company specialized in research and development of renewable energy and new energy. Jia Qinglin (C), chairman of the National Committee of the Chinese People's Political Consultative Conference, visits XinAo Group, a private company specialized in research and development of renewable energy and new energy, during his inspection tour in Langfang, a city in north China's Hebei Province, July 6, 2009. When talking with the staff of the company, Jia said new energy and energy-saving industries would not only serve as an effective stimulus for the country's economic recovery, but were also of great potential and importance to future development. "Developing a green economy has been widely recognized by the world. Private companies can play an important role in the development of new energy and the environment-friendly and energy-saving industries," Jia said. Jia Qinglin (C), chairman of the National Committee of the Chinese People's Political Consultative Conference, visits XinAo Group, a private company specialized in research and development of renewable energy and new energy, during his inspection tour in Langfang, a city in north China's Hebei Province, July 6, 2009. He noted that China's private companies were faced with both challenges and opportunities amid the current global financial crisis, and urged them to boost research, development and trade of energy-saving products and technologies. "In this way, the private business can create new market demand and more job opportunities," he said. Jia Qinglin (2nd R Front), chairman of the National Committee of the Chinese People's Political Consultative Conference, visits XinAo Group, a private company specialized in research and development of renewable energy and new energy, during his inspection tour in Langfang, a city in north China's Hebei Province, July 6, 2009. He also urged local governments and relevant trade organizations to fully recognize the important role private business played in the national economy, and give favorable policies to help them prosper. The private companies, on the other hand, should make use of the opportunities at hand, and increase their exports and improve their competitiveness in the international market, he said. Jia Qinglin (C), chairman of the National Committee of the Chinese People's Political Consultative Conference, visits XinAo Group, a private company specialized in research and development of renewable energy and new energy, during his inspection tour in Langfang, a city in north China's Hebei Province, July 6, 2009.
BEIJING, April 30 (Xinhua) -- Chinese President Hu Jintao Thursday morning presided over a top-level meeting discussing how to deal with any possible H1N1 influenza epidemic, Health Minister Chen Zhu said at a news briefing. Hu, also general secretary of the Communist Party of China Central Committee, called together other members of the Standing Committee of the CPC Central Committee Political Bureau to discuss the specific issue, which was triggered by the spread of a new strain of H1N1 virus in North America and other regions. Hu and other top leaders heard briefings of the country's prevention and preparation for possible epidemic in China, Chen said, adding that the top meeting delayed the scheduled press conference to the afternoon.Chinese Health Minister Chen Zhu attends a press conference held by the State Council Information Office of China in Beijing on April 30, 2009. Chen said on April 30 that the country is "confident" and "capable" of preventing and containing the H1N1 influenza epidemic, which is believed to have claimed 160 lives globally.
ZAGREB, June 19 (Xinhua) -- Chinese President Hu Jintao arrived in the Croatian capital of Zagreb Friday for a state visit to strengthen the comprehensive cooperative partnership between the two nations. This is the first visit to Croatia by a Chinese head of state since the two countries established diplomatic ties 17 years ago. In Zagreb, President Hu is expected to meet Croatian leaders to discuss how to enhance bilateral cooperation and exchange views on major regional and global issues of common concern. The two countries are expected to sign a host of cooperation deals involving various sectors during the visit. "I believe that President Hu's visit to Croatia will have great impact on consolidating traditional friendship between China and Croatia and deepening all-round and mutually beneficial cooperation between the two countries," said Chinese Vice Foreign Minister Li Hui last week. Chinese President Hu Jintao (2nd R, front) is welcomed upon his arrival while Croatian President Stjepan Mesic (1st R, front) looks on at Zagreb, capital of Croatia, June 19, 2009. Hu arrived in Zagreb Friday for a state visit to strengthen the comprehensive cooperative partnership between the two nationsThe China-Croatia ties have developed steadily since the two countries established diplomatic relations 17 year ago. Their bilateral relations have entered a new era since the two countries forged a comprehensive cooperative partnership in 2005. In recent years, China and Croatia have had more high-level exchanges, strengthened their political mutual trust, expanded their fruitful cooperation to all fields, and maintained close cooperation and mutual support on issues concerning each other's basic interests. Croatia is the last leg of President Hu's three-nation tour, which has already taken him to Russia and Slovakia. Hu had earlier attended a summit of the Shanghai Cooperation Organization and a summit of BRIC countries (Brazil, Russia, India and China) in Yekaterinburg, Russia.
GUANGZHOU, May 24 (Xinhua) -- Heavy rains continued to hit south China's Guangdong Province on Sunday, triggering flood alert as rivers were swelling. The downpours continued to sweep the Pearl River Delta area from 8 a.m. to 2 p.m. Sunday. Sixteen observation sites reported precipitation of more than 100 millimeters, the Guangdong Provincial Hydrological Bureau said. Two people were killed in a rain-triggered landslide Friday midnight, in Xingning city in Guangdong's northeast. The Changsha hydrological station in the lower reaches of the Tanjiang River saw a 2.5-meter-high water level at 11:35 a.m. Sunday, 40 centimeters higher than the warning level. Another one, the Moyang river in western Guangdong is also swelling and expected to have a 5.8-meter flood peak at midday Monday. From 8 a.m. Friday to 8 a.m. Sunday, the whole province had an average rainfall of 58 mm, with 170 mm in the Pearl River Delta area. The provincial flood control and drought relief authorities have ordered local governments to closely monitor weather changes and brace for possible flooding.
BEIJING, May 6 (Xinhua) -- China's central bank said Wednesday the economy is doing "better than expected" in the first quarter, and pledged to maintain "ample" liquidity in the financial system for economic recovery. China would stick to its moderately easy monetary policy and ensure "ample" liquidity at banks, the People's Bank of China (PBoC) said in its quarterly monetary policy report posted on its website. The country has pumped 4.58 trillion yuan (670 billion U.S. dollars) of new loans into the economy in the first quarter to stimulate growth. The figure is already nearing 5 trillion yuan of new loans targeted for the whole year. In March alone, new loans increased by a record 1.89 trillion yuan. The country's financial institutions and enterprises would digest the huge amount of new loans in the following months, the report said. Industry insiders have said credit extended by China's banks in April may have dropped to above 600 billion yuan after staying at above 1 trillion yuan for three straight months. The central bank said new lending from commercial banks focused on government-backed projects. It encourages more bank loans to be channeled to small and medium-sized enterprises as they play an important role in the national economy and in increasing employment. The central bank said in the first-quarter monetary policy report it would continue to instruct financial institutions to extend new loans, despite the earlier surge. The pick-up in bank lending is conducive to stabilize the financial market and boosting market confidence, PBoC said. Meanwhile, the bank urged lenders to improve credit quality to avoid a possible rebound in bad loans. There have been "positive changes" in the economy in the first quarter, the bank said, echoing remarks made by Premier Wen Jiabao last month. The quarter-on-quarter growth is improving, compared to the fourth quarter of last year, it said, without giving specific figures. China's economy expanded 6.1 percent in the first quarter, the lowest pace in 10 years and down from 9 percent in the fourth quarter last year. The central bank also said foundations for the recovery are not solid, as uncertainties in external economies still exist and private investment is yet to become active with new lending concentrated on government projects. In listing uncertainties ahead, the bank said the country still has to battle against the financial crisis that is unfolding and a collapse in external demand that is hurting exports. The country is also under great pressure to create enough jobs and from a slower growth in residents' income, which would suppress future consumption, it said. The bank also warned overcapacity and insufficient demand may drive prices lower in the country with the world economy in a downturn. But it also said continued falls in prices may become less likely along with the world recovery, a turnaround in the national economy and fast credit growth. "Prices of primary products and assets may rebound quickly once investor confidence is restored, as the global credit is relatively loose thanks to injection of liquidity and stimulus packages across the world," the bank said. The central bank also said it was concerned that the extraordinary monetary policy adopted by other major economies would result in inflation risks. It referred to the quantitative easing policy adopted by the U.S., Japan, Britain and Switzerland to pump cash into their economies. The quantitative easing policy meant increasing currency supply through purchasing mid- and long-term treasury bonds after central banks cut interests rates to near zero. The extraordinary monetary policy harbored huge risks for international financial markets and the global economy, said the central bank. It would increase the risk of global inflation, said the central bank, suggesting it would create new assets bubbles and inflation if central banks of major economies failed to mop up thehuge liquidity when the global economy recovered. "A policy mistake made by some major central banks would put the whole world in risk of inflation," it said. The quantitative easing policy would also make exchange rates of major currencies more volatile, according to the report. The central bank cited the U.S. move to purchase treasury bond in March as an example, saying although the dollar had appreciated against other major currencies, it fell after the purchase. PBoC said the policy would leave the bond markets subject to fluctuations. It said massive purchase of mid- and long-term treasury bonds may keep yield at a low level. But in the long run, as the financial markets returned to stability and the economy recovered, inflation expectations would grow, interest rates would rise, and bond prices would adjust sharply, according to the report.