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BEIJING, March 21 (Xinhua) -- China is likely to see trade deficit in March, Minister of Commerce Chen Deming said here Sunday.Chen made the remarks while delivering a speech at the China Development Forum 2010, running from Sunday to Monday, with a theme of "China and the World Economy: Growth, Restructuring and Cooperation".
BEIJING, Feb. 9 (Xinhua) -- The Korean Peninsula nuclear situation has eased recently, providing an opportunity for resuming six-party talks and denuclearizing the peninsula, a Chinese foreign ministry spokesperson said here Tuesday.Foreign Ministry spokesman Ma Zhaoxu made the remarks following questions on whether a Chinese official's visit to the Democratic People's Republic of Korea (DPRK) and a UN envoy's trip to China meant the resumption of the talks.Ma confirmed that a special envoy of UN Secretary-General Ban Ki-moon visited Beijing."Lynn Pascoe, under-secretary-general of the UN for political affairs had exchanges with China's Foreign Minster Yang Jiechi on the Korean Peninsula situation and other issues of mutual concern earlier Tuesday."Chinese Foreign Ministry spokesman Ma Zhaoxu speaks during a regular press conference on Tuesday, Feb. 9, 2010 in BeijingThe DPRK nuclear issue is complex and sensitive, involving interests of various parties, and can only be resolved through dialogue and negotiation. Peaceful solutions through political and diplomatic means are the right choices that serve interests of all parties, Ma said.The stalled six-party talks involve the DPRK, the Republic of Korea, China, Japan, Russia and the United States.Kim Jong Il, top leader of the DPRK, reiterated on Monday the country's stance of realizing denuclearization on the Korean Peninsula during a meeting with Wang Jiarui, head of the International Department of the Communist Party of China (CPC) Central Committee.Ma urged the relevant parties to make concerted efforts and to continue contact and dialogue and to show flexibility to create the conditions necessary for the revival of the nuclear talks.The Chinese side has made continuous efforts toward this goal and will work with the international community to achieve the denuclearization of the Peninsula, normalized diplomatic relations between the relevant states and lasting peace in northeast Asia, Ma said.Pascoe arrived in Pyongyang as the first high-level UN official to visit the country since 2004. He is expected to meet with DPRK's high-level officials to discuss issues ranging from Pyongyang's nuclear program to humanitarian aid issues.

BEIJING, March 5 (Xinhua) -- Chinese President Hu Jintao on Friday called for efforts toward balanced, coordinated and sustainable development in the transformation of its economic growth pattern.Hu made the remarks when joining a panel discussion on Premier Wen Jiabao's government work report with deputies to the National People's Congress, the top legislature, from the eastern province of Jiangsu.Hu said efforts should be made to cultivate new pillar industries and industries with features and advantages, and achieve the coordinated development of the first, second and third industries.Chinese President Hu Jintao (C) talks with deputies to the Third Session of the 11th National People's Congress (NPC) from east China's Jiangsu Province, in Beijing, capital of China, March 5, 2010. Hu Jintao joined in the panel discussion of Jiangsu delegation in deliberating the government work report by Premier Wen Jiabao on the opening day of the Third Session of the 11th NPC.The country needed to develop more core and key technologies to support its transformation of the economic growth pattern and the economic restructuring, he told the lawmakers.He called for the establishment of a market-oriented technological innovation system, in which enterprises play the leading role and which combines the efforts of enterprises, learning and research institutes.He said higher education and research institutes should play a more important role in scientific and technological innovation.The President also stressed the coordination of industrialization, urbanization, and agricultural modernization, so that the agricultural sector could be boosted by the industrial sector, while the rural areas could benefit from the urban regions.He said authorities should facilitate balanced allocation of public resources and the free flow of production factors between urban and rural areas.Hu pointed out that China was currently facing both opportunities and challenges at the same time, but the opportunities outweighed challenges.He urged officials in the Jiangsu Province to push forward independent innovation, promote urban-rural integration of economic and social development, and deepen the reform and opening-up drive.
BEIJING, Jan. 19 (Xinhua) -- Vice Premier Li Keqiang said on Tuesday China would continue to pursue a low birth rate while actively coping with problems such as sex ratio imbalance and the aging of population.Li made the remarks when inspecting the National Population and Family Planning Commission. Chinese Vice Premier Li Keqiang visits a laboratory of China Population Devolpment Research Center in Beijing, China, Jan. 19, 2010. Li Keqiang made an inspection tour to the population and family planning commission and affiliated research institutions on TuesdayChina still faced pressure from population growth and "new situations" had emerged in population structure as its industrialization and urbanization continued to proceed, Li said.Efforts were needed to achieve reasonable distribution and orderly flow of population, he said, adding population and family planning authorities should put people first and better serve people at grassroots communities. Chinese Vice Premier Li Keqiang visits a laboratory of the scientific research center of National Population and Family Planning Commission of China, in Beijing, China, Jan. 19, 2010. Li Keqiang made an inspection tour to the population and family planning commission and affiliated research institutions on TuesdayHe asked population and family planning authorities to provide better services for urban and rural residents, especially farmers and floating population.Official figures show the country's birth rate went down from more than 1.8 percent in 1978 to around 1.2 percent in 2007.China's family-planning policy was introduced in the 1970s to rein in its surging population by encouraging late marriages and late childbearing and limiting most urban couples to one child and most rural couples to two children.It's estimated that without the policy, the country's population would be 400 million more than the current 1.3 billion people, according to the National Population and Family Planning Commission. Chinese Vice Premier Li Keqiang shakes hands with personnels of the scientific research center of National Population and Family Planning Commission of China, in Beijing, China, Jan. 19, 2010. Li Keqiang made an inspection tour to the population and family planning commission and affiliated research institutions on Tuesday
BEIJING, Feb. 8 (Xinhua) -- As the U.S. President Barack Obama vowed to get "much tougher" with China on exchange rates and trade, economists from Beijing said China should not give in to increased U.S. pressure that stems from its domestic problems.Obama's talk of putting "constant pressure" on China to strengthen the yuan so to ensure the price of U.S. goods was not artificially inflated has drawn heated comments from economists in Beijing."His words are only aimed to appeal to domestic interest groups," said Tan Yaling, an expert at the China Institute for Financial Derivatives at Peking University.Given China's growing international clout and the lack of jobs in the United States, Obama will certainly try to make China change its currency policy as this is an easy way to weaken China's export industry, she said.It was also a relevant tactic given the President was losing ground in opinion polls and facing tough conditions leading up to the mid-term election later this year, she said.Although the U.S. economy recovered to 5.7 percent growth in the fourth quarter last year, a record high in six years, jobless rate surged to more than 10 percent.Fiscal deficit is set to hit 1.56 trillion U.S. dollars in 2010, or 10.6 percent of its GDP, a new record since the Second World War.In the State of the Union Address on Jan. 28, Obama made it clear he would focus on jobs in 2010 and pledged to double exports in five years which could create 2 million jobs in the States.Tan Yaling said Obama's export drive could not fix the job problem, while a stronger yuan would add costs for U.S. consumers.RESIST PRESSUREIt's an old trick for the U.S. to force its major trade partners to appreciate their currency to help itself in a time of crisis, said Zhang Yansheng, director of the Institute of Foreign Trade of the National Development and Reform Commission."China's reforms, including exchange rate reform, should be independent of other countries," he said.He noted China's currency policy should comply with the country's macroeconomic conditions and industry restructuring. As many exporters' sales were just starting to pick-up, a rising renminbi would hurt their fragile recovery.Many foreign experts also agreed that the appreciation of the renminbi would not remedy the global economic imbalance.A 20 percent rise in the yuan and other major Asian currencies would at best lead to a rise in U.S. exports worth 1 percent of gross domestic product, as the International Monetary Fund (IMF) estimates suggested, said Olivier Blanchard, Economic Counsellor and Director of the Research Department of IMF."I think it's very important not to bash China over the RMB. What China should do, and is actually doing, is to decrease its saving rate, thus increase domestic demand, and reorient production to satisfy this higher domestic demand," he said in an interview with Reuters on Jan. 29.The renminbi has gained around 21 percent since July 2005 when the government delinked the yuan from the U.S. dollar. However, China's trade surplus with its major trading partners did not fall accordingly."The exchange rate of renminbi is not the main reason for the Chinese-U.S. trade deficit," Foreign Ministry Spokesman Ma Zhaoxu said Thursday."We expect the United States to view bilateral trade issues rationally and to negotiate fairly. Accusation and pressure would not bring a solution," said Ma.
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