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BEIJING, Dec. 1 (Xinhua) -- China's manufacturing sector continued to grow for the ninth straight month in November, according to a survey by the China Federation of Logistics and Purchasing (CFLP) on Tuesday. The Purchasing Managers' Index (PMI) of China's manufacturing sector stood at 55.2 percent in November, unchanged from the previous month, the CFLP said. It was the ninth straight month that the PMI reading stayed above 50. A reading of above 50 suggests expansion, while one below 50 indicates contraction. The PMI includes a package of indices that measure economic performance. Zhang Liqun, a researcher with the Development Research Center of the State Council, said the unchanged PMI index from the month before might suggest a stable recovery of China's economy. He expected government investment would see gradual reduction, while investment from the private sector might increase. Exports would go up, but not in a drastic rise, he said. In November, new order index and output index both held steady from figures in the previous month at 58.4 percent and 59.4 percent, respectively, according to the CFLP. New export order index was 53.6 percent, down by 0.9 percentage points compared to November while purchasing price index rose by 6.5 percentage points to 63.4 percent. Only three out of the 20 surveyed sectors reported a PMI index reading below 50, which were paper making and printing, oil processing, and beverages making.
SHANGHAI, Nov. 15 (Xinhua) -- U.S. President Barack Obama will start his four-day China visit Sunday in Shanghai, and the highlight of his visit in the eastern city will be broadcast live by Xinhuanet, the online news service of the Xinhua News Agency. This is Obama's first visit to China since he took office in the White House more than a year ago. Obama is scheduled to meet with Chinese youth on Monday in Shanghai, during which he will pick up a number of questions out of more than 3,200 put forward by China's Internet users over the past two days. The whole event will be broadcast live online, according to the Xinhuanet. Obama will arrive in Beijing on Monday afternoon.
BRISBANE, Australia, Oct. 31 (Xinhua) -- Chinese Vice Premier Li Keqiang said here Saturday that China and Australia can lift their bilateral relationship to a new level through a strengthened dialogue and increased cooperation between the two trading partners. Li spoke during a meeting with Anna Bligh, the premier of Australia's state of Queensland. The vice premier said that during his visit to Australia a consensus was reached to enhance the Chinese-Australian friendship, to deepen mutual beneficial cooperation, and to respect and care for each other's core interests and important concerns. He also said the two sides released a joint declaration and signed a number of cooperation agreements. Chinese Vice Premier Li Keqiang (R) meets with Premier of Australia's State of Queensland Anna Bligh in Brisbane Oct. 31, 2009 Meanwhile, China has attached great importance to friendly cooperation with the state of Queensland, said Li, adding that exchanges and cooperation between the two sides have developed rapidly in recent years. China, Li said, is willing to work with Queensland to push bilateral exchanges and cooperation to a higher level in a variety of sectors, including investments, agriculture, mining, clean energy, environmental protection and technology. Meanwhile, Bligh said Queensland has established a long-term and fruitful relationship with China and noted that this year marks the 20th anniversary of the establishment of the state's sister-city relations with China's Shanghai City. All circles in Queensland support development of the Australia-China friendly and cooperative relationship, Bligh said. Queensland, she said, stands ready to promote cooperation with China in such fields as trade, technology, education, science and research, culture and tourism. Bligh also said she will head a state delegation that will attend the Shanghai Expo in 2010 and expects the event to be a great success.
BEIJING, Dec. 7 (Xinhua) -- China would continue to adopt the proactive fiscal policy and moderately easy monetary policy next year and endeavor to improve the economic growth quality, according to the Central Economic Work Conference Monday. Chinese President Hu Jintao and Premier Wen Jiabao addressed the meeting, which is held once a year to set the tone for economic development during the next year. It was agreed at the conference that 2010 is the last year in the counry's 11th five-year plan, and to do a good job in the country's economic and social development next year was of great importance to dealing with the impact of the international financial crisis successfully in an all-around way and laying a sound foundation for China's 12th five-year plan. Chinese President Hu Jintao, who is also general secretary of the Central Committee of the Communist Party of China and chairman of the Central Military Commission, speaks during the Central Economic Work Conference, in Beijing, capital of China, Dec. 7, 2009. Other Chinese leaders Wu Bangguo, Wen Jiabao, Jia Qinglin, Li Changchun, Xi Jinping, Li Keqiang, He Guoqiang and Zhou Yongkang also attended the conference More efforts would be made to promote the transformation of the economic development pattern and structural adjustments and to enhance the focus and flexibility of economic policy in the following year in line with new situations next year, according to the attendees of the meeting. More efforts would also be laid on reform and opening-up, innovation, enhancing the vigor and momentum of the economic growth, improving people's livelihood, maintaining social harmony and stability, said participants of the conference. It was agreed at the meeting that a good balance should be kept in maintaining a relatively fast and stable economic growth, economic restructuring and dealing with predicted inflation next year. Wen Jiabao, member of the Standing Committee of the Political Bureau of the Central Committee of the Communist Party of China and Chinese premier, speaks during the Central Economic Work Conference, which was held in Beijing, capital of China, on Dec. 5-7, 2009The government would strengthen financial support to sectors including farming, science and technology, education, health care, social security, affordable homes, energy saving and environmental protection in 2010, according to participants of the conference. The country would tightly control loans targeted at high energy-consuming, high polluting industries and those with excessive production capacity in a bid to improve loans quality and efficiency, according to the meeting. The Central Economic Work Conference comprises policy-making officials from central and provincial-level governments.
BEIJING, Nov. 20 (Xinhua) -- China-U.S. relationship that by large was entering a period where our focus would be more and more on global issues, said U.S. Ambassador to China Jon Huntsman on Friday. Huntsman made the remarks at the Forum for America/China Exchange at Stanford (FACES) in Peking University, a top university in China. "Obama arrived and found what he had hoped for," he said relating to the U.S. President's just concluded China visit after reviewing the bilateral link chronicle. U.S. and China could strengthen cooperation in areas including military, people to people exchanges, climate change, clean energy and economic crisis, Huntsman told the delegates attending the forum. He said the U.S.-China relationship was so "large and complicated" that managers of the relations should "take the areas of commonality" and "realize and speak open" about the disagreements. Huntsman, who once lived in Taiwan and could speak Chinese called Chinese the "21st century language", saying diplomacy is ineffective without "investing a generation of professionals willing to invest their careers in turn in language, culture, regional studies." FACES, a forum held in Beijing from Nov.15-20, gathered more than forty students from China and the U.S to discuss political, social, economic and cultural issues.