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BEIJING, May. 13 -- China's trade surplus decreased slightly last month from a year ago amid declines in international trade growth triggered by the global economic slowdown. Monthly surplus reached 16.68 billion last month, down 1.14 percent year-on-year but up 24.5 percent from 13.4 billion U.S. dollars in March, the General Administration of Customs said yesterday. Exports in April rose 21.8 percent year-on-year to 118.71 billion U.S. dollars, while imports rose 26.3 percent to 102.03 billion U.S. dollars. China's trade surplus decreased slightly last month from a year ago amid declines in international trade growth triggered by the global economic slowdown.( The sharp decline in April's export growth after a 30.6 percent rise in March should be seen as a return to the medium-term trend rather than a sudden weakening in China's exports, said Sun Mingchun with Lehman Brothers. He said year-on-year growth of exports in March 2008 was abnormally strong given exports in March 2007 were extremely weak because exporters had frontloaded their shipments last February. China's trade surplus has been narrowing since the government took measures to curb exports of resource-intensive and heavily polluting products and started to encourage imports from last year. The World Trade Organization has predicted global trade growth will decline to 4.5 percent, 1 percentage point lower than last year. It could be the slowest rise since 2002. "The global economy is facing more uncertainties this year given the possible shrinkage in US demand and inflationary pressures. Both these factors are expected to aggravate the global economic slowdown, further affecting trade," said Liang Yanfen, a researcher with the Chinese Academy of International Trade and Economic Cooperation. "Slowing external demand may take more time to impact export growth, but the weakening trend is becoming more evident both in and outside the US. Higher commodity prices and currency appreciation would check the continued rise in trade surplus," said Ken Peng, a Citi analyst. Export growth stayed robust at 21.8 percent but is under pressure as even Asian demand has started to slow, suggesting that a weakening in the final product markets is affecting upstream producers while imports continue to be supported by a stronger currency, high commodity prices and government controls over trade in food and resources out of inflation concerns, he said. The country's trade surplus in the first four months narrowed to 57.99 billion U.S. dollars, 5.31 billion U.S. dollars lower than a year ago. Exports in these four months amounted to 424.6 billion U.S. dollars, up 21.5 percent, or 6 percentage points less than a year earlier. Imports were 366.6 billion U.S. dollars, up 27.9 percent, or 8.8 percentage points more than a year earlier. Realized foreign investment reached 35.02 billion U.S. dollars during the four months, up 59.32 percent year-on-year, the Ministry of Commerce said.
DUSHANBE, Aug. 27 (Xinhua) -- China and Tajikistan have reached broad consensus on deepening bilateral cooperation in politics, economy, trade and their efforts to combat terrorism, according to a joint statement issued here Wednesday following a meeting between the presidents of both countries. TO ENHANCE NEIGHBORLY COOPERATION According to the statement, the two sides agreed that the Chinese-Tajik Good-Neighborly and Friendly Cooperation Treaty signed last year forged a solid legal basis for the development of bilateral ties. Both sides spoke highly of the current development of bilateral ties and believed the rapid development of cooperation in various fields has brought tangible benefits to the two peoples. They also made a commitment on furthering exchanges and cooperation between China's National People's Congress and the Tajik Parliament, as well as among special committees and friendly groups, in order to improve the legal basis for bilateral ties, consolidate traditional friendship and enhance understanding between the two peoples. The two sides hailed the settlement of border issues and pledged to seek long-term peace. They also voiced mutual support for important issues concerning each others' sovereignty and territorial integrity. Visiting Chinese President Hu Jintao (R front) reviews the honour guard with his Tajik counterpart Emomali Rakhmon during the welcoming ceremony held by Emomali Rakhmon in Dushanbe, capital of Tajikistan, Aug. 27, 2008The statement has Tajikistan reiterating its adherence to the one-China policy, saying Taiwan is an inalienable part of China. The two sides held the point that the Shanghai Cooperation Organization (SCO) has developed smoothly and become an important platform for member states to deepen neighborly ties on the basis of mutual trust and benefit. Central Asian countries have unique traditions in history and culture, and the international community should respect the countries' own development paths, the statement said. The two sides pointed out that they have maintained the same or similar stances on a series of major international or regional issues, and will strengthen cooperation under the framework of the United Nations and other international organizations. Visiting Chinese President Hu Jintao (L back) and his Tajik counterpart Emomali Rakhmon hold joint press conference after meeting in Dushanbe, capital of Tajikistan, Aug. 27, 2008TO BOOST ECONOMIC TIES China and Tajikistan agreed that bilateral economic and trade cooperation bears special significance for the all-round development of bilateral ties. They agreed to intensify the work of the inter-governmental trade commissions, improve investment environment and further optimize the structure of bilateral trade. China and Tajikistan will also expand cooperation in transportation, telecommunications, mineral exploration and processing, as well as agriculture and infrastructure, the statement said. The two sides will tap cooperation potential in road transportation and cross-border transportation, and boost pragmatic cooperation in border areas by adopting policies encouraging trade. The two neighbors will also create favorable conditions for each other to carry out investment, trade, and technical and economic cooperation. In addition, China and Tajikistan will step up efforts to broaden cooperation in education, culture, science and technology, media, tourism, sports, health and social security. Visiting Chinese President Hu Jintao (R) meets with Tajik Prime Minister Akil Akilov in Dushanbe, capital of Tajikistan, Aug. 27, 2008TO COMBAT TERRORISM, DRUG-RELATED CRIME Both sides agreed that cracking down on the East Turkistan terrorists is a significant part of the international struggle against terrorism. China and Tajikistan have signed the multilateral Shanghai Convention on Combating Terrorism, Separatism and Extremism, and a convention on bilateral cooperation in combating the three forces. Based on the conventions, the two countries will maintain close cooperation in security and take strong measures to jointly combat terrorism in various forms to protect regional peace and stability. The two sides also pledged to fight against drug-related crime, saying such crimes have seriously affected national security and social stability of the countries in the region, the statement said. Visiting Chinese President Hu Jintao and his Tajik counterpart Emomali Rakhmon met here Wednesday to discuss furthering bilateral ties. Hu arrived here on Tuesday for a state visit and the SCO summit slated for Thursday.

BEIJING, Oct. 14 (Xinhua) -- China on Tuesday reaffirmed its resolve to keep its economy on track amid the global financial turmoil. In a meeting with visiting U.S. Senator Chuck Hagel, Vice Premier Wang Qishan said the financial crisis, triggered by the U.S. credit crunch, had exerted a grave impact on the global financial market. Chinese Vice Premier Wang Qishan(R) shakes hands with visiting U.S. Senator Chuck Hagel in Beijing, capital of China, Oct. 14, 2008 "As a responsible country, China has always valued the communication and cooperation with other nations to ensure world financial and economic stability." Wang said China would make great efforts to keep its economy on the right track, which would be the country's greatest contribution to the world. China had implemented and would continue measures to ensure the stability of finance, economy and the capital market, he said, referring to a package of new policies to spur economic growth. The central bank cut interest rates on Sept. 15 for the first time in six years. The People's Bank of China, the central bank, announced the deposit and lending rates would be lowered by 0.27 percentage points and the reserve-requirement ratio would be reduced 0.5 percentage points starting Oct. 15. "With tools at our disposal, we are confident and capable of prevailing over the overall difficulties and challenges," Wang told Hagel. He added the overall bilateral relations of the two countries had moved forward and become increasingly interdependent since forging diplomatic ties in 1979. To promote China-U.S. ties was in the fundamental interests of the two nations, he said. Wang proposed the two deepen a strategic trust and take a candid and pragmatic approach in addressing differences. They should work more closely on economy, trade, investment, energy, environment and high-tech. He also urged the United States to observe the three joint communiques, refrain from anything harmful to bilateral ties and the stability of the Taiwan Straits, so as to ensure the sound and steady progress of bilateral constructive cooperation. As all nations were becoming more connected, Hagel, a Republican senator from Nebraska, said the stronger cooperation between the United States and China would help ensure world financial and economic stability.
BEIJING, April 7 (Xinhua) -- Chinese Premier Wen Jiabao said here on Monday the free trade agreement signed between China and New Zealand was of importance and profound significance. Wen told New Zealand Prime Minister Helen Clark in their talks that the signing of the free trade accord "explored broad prospects for deepening mutually beneficial cooperation between the two countries". He added the China-New Zealand ties were faced with important new development opportunity. The two reached consensus to push the China-New Zealand comprehensive, friendly and cooperative relations to a new high. Wen hailed the vigorous development of China-New Zealand relations in recent years, saying the practical cooperation in every area had made constant breakthroughs, bringing real benefits to the two peoples. Chinese Premier Wen Jiabao meets New Zealand Prime Minister Helen Clark in Beijing on April 7, 2008. The two attended the signing ceremony of the free trade agreement and respectively delivered speeches He noted the two nations shared broad common interests in promoting peace, stability and prosperity in the Asia-Pacific region. Wen pledged China was ready to implement the annual meeting mechanism between the leaders of the two countries, strengthen consultation at all levels and consolidate the political basis for the bilateral relations. Wen suggested the two sides make full use of complementary advantages in sustainable development areas, such as climate change, energy saving, environmental protection and low-carbon economy, foster new growing points in trade and economic cooperation, expand cooperation on culture, education, science, technology and justice, and increase communication and coordination on important international and regional issues. Clark said since China was an important cooperation partner, New Zealand attached great importance to the bilateral relations from a strategic level. "New Zealand explicitly sticks to the one-China policy, advocates to enhance contact and cooperation with China and supports China in its efforts to play an active role in the world," she said. On the FTA deal, Clark said New Zealand and the country's business circle would firmly support and earnestly carry out the agreement. She added New Zealand was ready to maintain high-level exchanges with China, step up exchanges and cooperation in the spheres of goods, service trade, agriculture, stock-breeding, energy saving, environmental protection, culture and education, and increase consultation and cooperation between the two countries in the United Nations and the Asia-Pacific Economic Cooperation. After the talks, the two attended the signing ceremony of the free trade agreement and respectively delivered speeches.
BEIJING, May 16 (Xinhua) -- Chinese President Hu Jintao Friday went to Beichuan County of Mianyang City to visit people affected by the southwest China earthquake, encouraging them to be confident in overcoming hardships caused by the disaster. Hu first visited quake victims in Shengli Village, Leigu Town of Beichuan. More than 1,000 out of the 18,000 population in Leigu Town died or were missing in the quake. Chinese President Hu Jintao comforts a wounded woman in Mianyang, a city in quake-hit southwestern Sichuan Province, May 16, 2008.He encouraged them to be confident in overcoming hardships caused by the disaster.Hu went into a tent to talk to one family. Seeing the man's daughter was injured in the quake, Hu said, "We know you've suffered. The quake destroyed your house and injured members of your family. We feel your anguish. "The whole Party, army and all the people have been mobilized to support the quake relief work," he said. Hu went out the tent and said to people standing along the road, "We will make every effort to rescue stranded people, treat the injured and make proper arrangements for the victims, as well as helping you to rebuild your homes." Chinese President Hu Jintao consoles locals in a village in Beichuan county, May 16, 2008. He encouraged them to be confident in overcoming hardships caused by the disaster. He encouraged the victims to be strong, overcome difficulty with confidence, courage and strength. He then went to the Beichuan Middle School, where all the teaching buildings collapsed in the quake. Knowing there were still 300 teachers and students buried in the ruins, Hu said, "Saving lives is still an urgent task. We should rescue them by every possible means as long as there is a glimmer of hope." Hu also praised the troops conducting rescue work in Beichuan Middle School. Chinese President Hu Jintao in Beichuan county entrusts military medical personnels to take better care of a three-year-old girl who lost her mother in the devastating earthquake in Sichuan, May 16, 2008."You came to the frontline immediately, and threw yourself into the rescue work regardless of your own safety and made a great contribution. "You have given hope, confidence and strength to the quake-affected people," he said. Hu said the rescue work has entered a crucial stage. "You should be unafraid of fatigue and work around the clock, making great efforts to keep losses to a minimum." Chinese President Hu Jintao consoles locals in a village in Beichuan county, May 16, 2008. In a field clinic in the middle school, he kissed the face of Luo Mengxi, a three-and-half year old girl who lost her mother in the quake. He went back to Beichuan county seat and visited the Nanhe Sports Center, where more than 10,000 disaster-affected people were settled. He thanked the volunteers for their contribution to the rescue work. He also visited the Mianyang City Central Hospital, telling the medics to make every effort to treat the injured. Chinese President Hu Jintao consoles locals in a village in Beichuan county, May 16, 2008. He encouraged them to be confident in overcoming hardships caused by the disaster.Hu went to the quake-hit areas Friday to console quake-affected people and direct disaster relief operation. Hu arrived at Mianyang City at Friday noon after more than two hours of flight from Beijing. In the meeting room of the airport, he and Premier Wen Jiabao, who had been directing relief work in the disaster-hit areas since Monday, discussed the quake-relief work. The meeting said "rescuers must reach not only towns but also all villages." The survivors who had been rescued must be transferred to safer places in time, and children who lost their parents and elders who lost their family members in the quake must be properly cared for. Also Friday morning, Premier Wen Jiabao told Chinese media on a train in Sichuan that saving lives remained the top priority almost four days after the quake. "We won't give up if there is even the slightest hope of finding more survivors," he said. The death toll from the powerful earthquake rose to 22,069 nationwide as of 2 p.m. Friday, while 168,669 people were injured, according to the emergency response office of the State Council.
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