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BEIJING, April 9 (Xinhua) -- Venezuela President Hugo Chavez concluded his working visit to China and left Beijing on Thursday night. During his two-day stay, Chavez met with Chinese President Hu Jintao and Vice President Xi Jinping respectively, exchanging views on enhancing the bilateral strategic partnership. Chavez also visited the Party School of the Central Committee of the Communist Party of China (CPC) earlier on Thursday, the highest training institution for CPC officials. Addressing about 100 Chinese officials, he said the two countries witnessed great progress in their cooperation in economy, science and technology areas. Chinese President Hu Jintao (R) meets with Venezuelan President Hugo Chavez at the Great Hall of the People in Beijing, capital of China, on April 8, 2009 Speaking highly of China's development and its important role in tackling the global financial crisis, Chavez called for closer cooperation in such areas as investment, cadre exchanges and petroleum resources. Invited by President Hu, Chavez arrived in Beijing on Tuesday night. It is his sixth China trip since he was elected president in 1998.
BEIJING, March 30 (Xinhua) -- Aluminum Corporation of China Ltd. (Chalco), reported a 99.9 percent plunge in full-year net profit to 9.2 million yuan (1.35 million U.S. dollars) in 2008, due to product price fluctuations on the international market, the company's annual report revealed Monday. "The company suffered major losses from the snowstorm at the beginning of last year, and the earthquake disaster," said the statement. The shock from the financial crisis, rises in raw material prices and consecutive plunges of finished product prices had posted "unprecedented difficulties and challenges" for the company, said the statement. Chalco's business turnover reached 76.73 billion yuan, down 9.94 percent from last year, largely because of a decline in product prices, said a statement submitted to the Shanghai Stock Exchange. The price of alumina, a major type of aluminum product, which at one point reached 4,500 yuan per tonne in the domestic market in 2008, dropped to 1,900 yuan per tonne as demand shrank drastically because of the financial crisis, said the statement. Board chairman Luo Jianchuan said the company should actively cope with the problem, which would persist in 2009. Measures should be taken to cut cost, control investment, and maintain stable production. Though estimated to suffer losses in the first quarter this year, Chalco was confident it would "get over the difficulties and have a bright prospect," said Luo. Share prices of Chalco on Shanghai Stock Exchange plunged more than 4 percent to 10.46 yuan Monday morning. Aluminum Corporation of China (Chinalco), Chalco's parent company, had obtained support from four Chinese banks, including the Bank of China (BOC), to finance its bid for the world's third largest miner Rio Tinto. They have signed agreements to provide 21 billion U.S. dollars worth of syndicated loans to support the bid.
GENEVA, March 12 (Xinhua) -- China on Thursday blasted a U.S. measure blocking Chinese poultry imports, saying the "clearly discriminative measure" can serve as a good example for the WTO's training courses. The U.S. measure, or Section 727, is contained in the Omnibus Appropriation Act of 2009, which was approved by the U.S. Senate on Tuesday. It bans any funds from being used to "establish or implement a rule" allowing imports of poultry products from China. "It is needless to explain why such discriminative measure are forbidden by the WTO," said Zhang Xiangchen, deputy permanent representative of the Chinese WTO mission. "Perhaps we could send to the Institute of Training and Technical Cooperation of the WTO Secretariat a copy of this section, which would serve as a perfect example for their training courses," Zhang told a WTO meeting in Geneva. "I believe that any trainee with a preliminary knowledge will tell that this section violates the basic rules of the WTO including the MFN (most-favored-nation) treatment principle," he said. In a strong-worded statement, Zhang said he had got "a specific instruction from Beijing to express the serious concern of the Chinese government about the U.S. Omnibus Appropriation Act of 2009." "What should we, all WTO members, do to prevent such discriminative practice from undermining the multilateral trading system and sending wrong signal to the outside world at this critical juncture of global crisis?" said Zhang at the meeting. "How should we live up to our commitments repeatedly made both here at the WTO and at the G20 summit to resist trade protectionism?" he added. On Wednesday, the Chinese WTO mission in Geneva also sent a verbal note to the U.S. WTO mission. According to the note, the U.S. measure has triggered strong reactions in China, and the government is under increasing pressure from the poultry industries to "adopt related measures to poultry products imported from the United States." "China would raise complaints to the WTO in this regard and maintain the right of further measures," said the note. "At the same time, we would like to urge the U.S. to eliminate such kind of discriminative and trade protectionist provision as soon as possible in order to correct its wrong decision," it said. China and the United States banned imports of each other's poultry in 2004 following outbreaks of bird flu. They agreed to lift the bans at the Sino-U.S. joint Commission on Commerce and Trade in 2004. China did lift the ban but has complained that the United States was not following suit. China imported 580,000 tons of chicken products from the United States last year, accounting for 73.4 percent of total chicken imports, according to figures from the Chinese Ministry of Commerce.
WUHAN, March 31 (Xinhua) -- Chinese Premier Wen Jiabao has called for realizing healthy and rapid economic growth through technical innovation and industrial upgrading during a visit to the country's central regions. More government support should go to high technology industries such as electronic information, software service and bio-medicines, Wen said during a visit to enterprises in Hubei Province from Sunday to Tuesday. Chinese Premier Wen Jiabao (C) visits the Wuhan Dongfeng Motor Corporation in Wuhan, capital of central China's Hubei Province, March 30, 2009. Wen Jiabao, also member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, inspected Hubei Province from March 29 to 31.Wen emphasized importance of possessing intellectual property rights and encouraged companies to strengthen research and development and make breakthroughs in core technologies. The country's future lay in innovation, and all challenges would be conquered if China adhered to innovation in its development, Wen said. Chinese Premier Wen Jiabao (L front) talks with a shopkeeper at a market in Sanfutan Town, Xiantao City in central China's Hubei Province, March 29, 2009.Visiting automobile, shipbuilding and steel companies in Wuhan, the provincial capital, Wen encouraged the manufacturing sector to make full use of government support plans. "We must have confidence in ourselves and work hard during times of hardship so as to take the country's manufacturing industry to a new level," Wen said. Chinese Premier Wen Jiabao (C) visits the Jiang Toon Animation Co., Ltd. at the Wuhan Optical Valley Software Park in Wuhan, capital of central China's Hubei Province, March 30, 2009The State Council, the Cabinet, has issued a series of support plans for 10 key industries such as automobile, steel, textile and garment sectors since January in a bid to stimulate China's economy, whose year-on-year growth slowed to a seven-year low of 9percent in 2008. Wen said agricultural production was stable and urged officials to give priority to the rural economy and raise farmer's incomes, as rural development played an important role in guarding against the impact of the global financial crisis. Chinese Premier Wen Jiabao (R front) talks with local residents in Minsan Village, Huchang Town, Xiantao City in central China's Hubei Province, March 29, 2009. Governments at all levels should prevent prices of economic crops dropping by national purchase and price protection, give more agricultural subsidies and enlarge the rural market through policies such as subsidizing rural residents in buying household electric appliances, Wen said. Wen also urged governments to take measures improve employment and raise living standards. Chinese Premier Wen Jiabao (2nd R) talks with local residents at their home in Hekou Village, Huchang Town, Xiantao City in central China's Hubei Province, March 29, 2009.
BEIJING, April 14 (Xinhua) -- China's top political advisor Jia Qinglin on Tuesday called for increased efforts of democratic parties and the All-China Federation of Industry and Commerce to promote the development of a poverty-stricken city in southwest China. Jia, chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), made the call at a working conference on supporting the construction of Bijie, a city in Guizhou Province. Bijie was approved by the State Council, China's cabinet, in 1988 as a trial zone featuring ecological environment protection and construction, development and poverty-alleviation. Jia said the significant economic and social achievement made in Bijie over the past 20 years exemplifies the enormous advantages of the political system of multi-party cooperation and the political consultation system under the leadership of the Communist Party of China (CPC). Jia outlined three major tasks for Bijie's future development: development and poverty alleviation, ecological construction and population control must be firmly grasped. He also called for efforts to explore new ways to develop the region. Efforts should be made to pursue leap-forward development in both economy and society in the region, he said. In the same meeting, Du Qinglin, head of the United Front Work Department of the CPC Central Committee, said the construction of Bijie trial zone had made significant phase achievements. The region, where the poor once struggled to have adequate food and clothing, was on its way to becoming a place where the people can generally lead a well-off life, he said. Over the past two decades, people from the democratic parties offered enormous support to develop the hilly hinterland region that is home to more than 20 ethnic minorities. They helped to contribute to local education programs, training of migrant workers, building local medical institutions, constructing hydropower stations and helped tackle prevailing ecological problems including desertification. The CPPCC is a patriotic united front organization of the Chinese people, serving as a key mechanism for multi-party cooperation and political consultation under the leadership of the CPC, and a major manifestation of socialist democracy.