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BEIJING, March 10 (Xinhua) -- Yi Gang, vice governor of China's central bank, said Tuesday that China still has room to cut interest rates, but such room is "quite limited".     "China still has room to cut interest rates, but not a lot," Yi told Xinhua.     "The room for cuts is quite limited, because a zero interest rate is not the best choice for China at the moment," he said.     The People's Bank of China, the country's central bank, has cut interest rates five times and reduced required reserve ratio for commercial banks four times since last September.     The one-year benchmark deposit rate now stands at 2.25 percent.     Yi pointed out interest rates of China and the United States are actually almost the same.     The 12-month deposit rate in the U.S. stands at around 2 percent, although its key interest rate, or an inter-bank rate, is zero to 0.25, he explained.     The equivalent inter-bank rate in China is at around 0.8 percent, he added.     China's current rate still has room for manoeuvre, Yi said, but if the interest rate falls to zero, there will be no more room for using interest rates to deal with any further world economic downturn.     Su Ning, also vice governor of the central bank, told Xinhua on Monday that China still has plenty of space to manoeuvre in its monetary policy.     Su said the room for further adjustment is "smaller but still exists."     "There's a quite a lot of room for cutting the bank's reserve requirement ratio," he added.

BEIJING, Feb. 27 (Xinhua) -- Chinese President Hu Jintao has urged all officials receiving public grievances to learn from the hard working style of the late Pan Zuoliang (1965-2008).     Pan had worked as director of the Letters and Calls Bureau of Liaozhong County, Liaoning Province, northeast China, until May 9,2008, when he died of a sudden cerebral hemorrhage on duty. Pan Zuoliang (1965-2008) had worked as director of the Letters and Calls Bureau of Liaozhong County, Liaoning Province, northeast China, until May 9,2008, when he died of a sudden cerebral hemorrhage on duty."Build the letters and calls departments into a sector that is first-class regarding their work and satisfactory to the people," said Hu, also general secretary of the Communist Party of China (CPC) Central Committee, in an instruction to a meeting of officials at the Great Hall of the People, in central Beijing, Friday.     Prior to the gathering, Zhou Yongkang, a member of the Standing Committee of the CPC Central Committee Political Bureau, called Pan a model for grassroots Party members and officials. "Pan had always lived among the people and helped the Party and the people to get over difficulties," he said. People send Pan's coffin off spontaneously. Pan Zuoliang (1965-2008) had worked as director of the Letters and Calls Bureau of Liaozhong County, Liaoning Province, northeast China, until May 9,2008, when he died of a sudden cerebral hemorrhage on duty.Zhou urged all officials to "prevent and resolve inharmonious, unstable factors" in the country.     After his death, Pan was made an "Excellent Letters and Calls Official Who Help the Party and the People Resolve Difficulties" and a "National-level Excellent Letters and Calls Official" by the Liaoning Provincial Communist Party Committee and the State Bureau for Letters and Calls.

BEIJING, Feb. 19 (Xinhua) -- Chinese Vice Premier Zhang Dejiang Thursday urged the country's labor department to find employment for people this year.     China is facing a daunting task to secure jobs for its workforce after more than 20 million migrant workers lost their jobs in the global financial crisis. To compound the problem, more than seven million college graduates will be looking for jobs this year.     "We must ensure a stable employment situation this year, as employment is related to people's livelihood and the harmony and stability of the society," Zhang said at a working conference of the Ministry of Human Resources and Social Security.     The country's urban unemployment rate increase 0.2 percentage points to 4.2 percent at the end of 2008, even though migrant workers are not included in that number.     Zhang asked the ministry to adopt more active policies to find employment for people.     Tax burdens of firms could be reduced, and preferential policies for social security coverage could be employed to help firms survive the crisis and keep jobs, Zhang said.     More subsidies should be offered to organize vocational training in order to get people reemployed, and training should be made more relevant to different jobs, he added.     The Vice Premier also said the government should step up building a social insurance system that covers both urban and rural residents, and continue to raise pensions for retired workers.     China created new jobs for 11.13 million people last year, 11 percent more than the target of 10 million.     The country also found jobs for five million laid-off workers and for 1.43 million who had difficulty in finding a job. The combined 6.43 million was again higher than the original target of five million.

MEXICO CITY, Feb. 10 (Xinhua) -- Chinese Vice President Xi Jinping said here Tuesday that new efforts are needed to further promote China-Mexico economic and trade cooperation amid the current global financial crisis.     Xi, who is here for a three-day official visit to Mexico, made the call in a speech at a luncheon hosted by Chinese and Mexican entrepreneurs.     Xi hailed the rapid development of bilateral economic and trade cooperation, saying it plays an important role in China-Mexico ties and has brought tangible benefits to the people of both nations.     China and Mexico should make new efforts to maintain the good momentum of such cooperation in order to tackle the challenges brought by the ongoing financial crisis, he said.     To this end, Xi proposed promoting bilateral economic and trade cooperation from a strategic perspective, improving the service of both governments, promoting cooperation in key fields, bringing into full play the dominating role of enterprises, and expanding cooperation in world economic affairs.     Mexican Secretary of Foreign Relations Patricia Espinosa Cantellano said in her opening speech at the luncheon party that both Mexico and China are facing new challenges under the current financial situation, thus "solidarity and closer cooperation" are very important for the two countries.     She also called for more bilateral exchanges in all fields, "not only political and economical, but also social and civilian."     The luncheon party was held on the sideline of the 19th Plenary Meeting of the Mexico-China Business Committee, which was started here Tuesday and brought together representatives from big companies in Mexico and some 20 Chinese companies.     The meeting aims to boost bilateral investment and commercial exchanges between China and Mexico, according to Fernando Ruiz, technical director of the COMCE.     Ruiz said mutual investment between China and Mexico has large room for improvement.     "There are great opportunities for Chinese investors in Mexico in different sectors, like automobile, construction and energy."     In November, at the Asia Pacific Economic Cooperation Forum held in Lima, Peru, Mexican President Felipe Calderon said China had offered great possibilities for his country as the global financial crisis unfolded.     Mexico registered an economic growth rate of only 1.8 percent in 2008, the second worst performance among Latin American countries after Haiti.     The United States was Mexico's largest exports destination, taking 89 percent of all its exports. But the ongoing crisis has forced the Mexican government to seek alternative markets.     In December, Mexico's Deputy Foreign Minister, Lourdes Aranda, said his country was concerned about its declining exports to the United States, and its ties with China "were very important."     According to data from the Chinese Commerce Ministry, commercial exchanges between China and Latin America grew 50.9 percent from January 2008 to January 2009.

BEIJING, Feb. 18 (Xinhua) -- President Hu Jintao's five-nation "journey of friendship and cooperation" was very successful, Foreign Minister Yang Jiechi said on Wednesday.     The tour, which started on Feb. 10 and ended on Feb. 17, took President Hu to Saudi Arabia, Mali, Senegal, Tanzania and Mauritius. Hu's visit to the five countries in the first month of the Chinese lunar new year was very successful as it fulfilled its goals -- consolidating friendship between China and these countries, boosting cooperation and reinforcing their will to tackle the joint challenges for common development, Yang said. Visiting Chinese President Hu Jintao addresses a welcoming rally attended by people from various sectors in Dar es Salaam, Tanzania, Feb. 16, 2009    It was also of important significance to further advance the friendly ties between China and Saudi Arabia as well as between China and Africa and to enhance China's solidarity and cooperation with developing countries to stand hand-in-hand in the face of challenges, he said.     The visit, a significant diplomatic move taken by China to boost its ties with developing nations, was made at a time when international political and economic situations are undergoing profound change, and while the international financial crisis continues to spread, imposing a negative influence on developing countries, Yang said. Visiting Chinese President Hu Jintao (L) meets with Mauritian President Anerood Jugnauth in Port Louis, Mauritius, Feb. 17, 2009.During the eight days, the Chinese president attended more than 50 events in the nations visited. He held talks with leaders in these countries on cooperation and joint development, as well as had extensive contacts with people from various sectors with brotherly interactions and friendship, Yang said.     He said the media in these countries and in the rest of the world paid close attention to Hu's tour and gave it abundant coverage with a positive and objective tone.     Noting that the tour consolidated and deepened the friendly cooperation between China and countries in Africa and Asia, Yang said it also boosted the friendship between the Chinese people and their counterparts in developing countries. The achievements included:     First, a new consensus was reached on jointly dealing with the challenge of the international financial crisis.     President Hu made the visit at a time when the impacts of the international financial crisis are gradually expanding, Yang said, adding that such impacts have spread from developed countries to emerging markets and developing nations, and affecting the real economy, posing increasing challenges to developing nations including China, Saudi Arabia and those in Africa. Visiting Chinese President Hu Jintao (L) talks with Saudi Arabian King Abdullah bin Abdul-Aziz during their meeting in Riyadh, Saudi Arabia, Feb. 10, 2009Hu expounded on China's view and position on how to tackle the crisis, stressing the need for the international community to be concerned about and try to minimize the suffering of the developing world, especially the least developed countries in the crisis, and expressed China's will to strengthen cooperation and coordinate actions with the international community, Yang said.     Hu extended support for increasing the role and voice of developing countries in reforming the global financial system and called on the international community to provide tangible assistance to help developing countries, especially the African ones, to overcome the difficulties.     The Chinese president pledged that China would fulfill policies and measures adopted at the Beijing Summit of the Forum on China-Africa Cooperation, continue to increase assistance and offer debt relief to African countries within its capability, expand trade and investment toward the continent, and promote China-Africa pragmatic cooperation.     Hu emphasized that the harder the situation is, the more China and Africa should support and cooperate with each other to get through the difficulties.     Leaders of the host countries highly appreciated and warmly welcomed China's position, regarding it as conducive to strengthening coordination and cooperation among developing countries and building up confidence in jointly addressing the international crisis. Chinese President Hu Jintao (L) meets with Malian President Amadou Toumany Toure in Bamako, Mali, on Feb. 12, 2009. Second, China's ties with Asia and Africa were pushed to a new stage.     Yang said the five nations and China enjoyed a solid political groundwork to further promote bilateral relations.     During his trip, leaders of the five countries and Hu held discussions and reached broad common ground on such significant issues as how to boost friendly cooperation, implement measures announced at the Beijing Summit of the Forum on China-Africa Cooperation in 2006, and forge a new type of strategic partnership with Africa, Yang said.     In Saudi Arabia, Hu proposed guiding principles and measures to boost the China-Saudi strategic friendship, promote all-round pragmatic cooperation, as well as deepen cooperation between China and the Gulf Cooperation Council.     In the four African countries, Hu met their leaders on the further development of friendship and cooperation. Visiting Chinese President Hu Jintao (L) meets with his Senegalese counterpart Abdoulaye Wade in Dakar, capital of Senegal, Feb. 13, 2009They exchanged in-depth views on the current situation in the Middle East and Africa as well as other international and regional issues, and agreed to boost bilateral ties and push forward friendly cooperation to a new stage.     The president said as a developing country, China was ready to have closer cooperation and collaboration with the five nations, jointly maintain the interests and rights of the developing countries, and join hands with them to promote the South-South cooperation and North-South dialogue.     Third, to promote mutual benefit and win-win cooperation     Yang said Hu's tour to the five developing countries further deepened cooperation in various fields with them.     During the visit, China signed more than 20 cooperation agreements with the five nations in the fields of economy and trade, investment, energy and quality control, health, culture and infrastructure construction to further extend the depth and width of pragmatic cooperation.     During his visit to the African countries, President Hu said China would strengthen cooperation with them in agriculture, textile and infrastructure construction on the basis of mutual benefits, and a win-win principle.     Hu visited some China-aided projects, as part of follow-up actions to the Beijing Summit of the China-Africa Cooperation Forum. Visiting Chinese President Hu Jintao (L) meets with his Tanzanian counterpart Jakaya Mrisho Kikwete in Dar es Salaam, Tanzania, Feb. 15, 2009Such projects will help improve the general living standards of the local people.     In Saudi Arabia, Hu visited a cement production line in the capital of Riyadh, and the King Abdulaziz City for Science and Technology. In Mali, Hu inaugurated a China-aided bridge construction project in the capital of Bamako and attended the inauguration of the China-Mali anti-malaria center.     Hu also attended the completion ceremony of Tanzania's state stadium and the Chinese culture center in Mauritius. He put forward new measures to enhance China-Africa cooperation, such as offering more chances for personnel training and scholarships to the four countries.     Yang said that China had developed comprehensive friendly relations with the four countries and provided unselfish assistance.     During Hu's visit, China reached consensus with the four African countries on enhancing bilateral trade and deepening pragmatic cooperation, which fully demonstrates the China-Africa cooperation has great potential and broad prospects based on equality, mutual benefits and a win-win principle for all.     Fourth, to create fresh highlights of friendly exchanges with local people.     President Hu received an abundance of warm greetings from the local people, an indication that Sino-Saudi and the Sino-African friendships were deeply rooted in the hearts of the people, Yang said.     At airports, meeting venues, stadiums, construction sites, hospitals and even classrooms, Hu talked with the local people from various walks of life in a gentle and friendly manner.     Despite a tight schedule, Hu managed to meet with the media in all the countries he visited and, on behalf of the Chinese people, extended good wishes and friendship to the local people.     In the Malian capital of Bamako, tens of thousands of local people, from the outskirts all the way to Hu's downtown hotel, waved the national flags of both countries and chanted "Thank you, China," and "Long-live China-Mali Friendship" in a voluntary yet grand gesture of welcome for Hu.     During the completion ceremony of Tanzania's state stadium, a Chinese assistance project, more than a hundred teenagers performed Chinese martial arts and acrobatics, and sang popular Chinese folk songs such as "Na Ni Wan" which is about a great production campaign near Yan'an during the revolutionary 1940s.     Hu also showed his concern for Chinese aid workers in Africa. He met with a Chinese medical team in Mali and encouraged them to make further efforts to help their Malian counterparts to develop the country's medical and health industry.     In Tanzania, Hu paid tribute to a cemetery for Chinese experts who had worked and died in the country in honor of pursuing China-Africa friendship.

来源：资阳报