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BEIJING, June 4 (Xinhua) -- China's National Development and Reform Commission (NDRC), the top economic planner, refuted a report on Friday claiming China is facing stagflation risks, arguing the national economic growth might slow slightly but stagflation is not going to occur.The NDRC response followed the release of a domestic report that claimed rising inflation and slowing economic growth would lead to stagflation in China.The NDRC added that the report was inaccurate and likely to cause misunderstandings and confusion, according to a statement released on its website.The statement went on to say growth in China's gross domestic product (GDP) was likely to slow down this year because of a higher comparison base used in the second half of last year, but it would still be one of the world's strongest growth rates and should not be labeled as "stagflation".Further, the NDRC noted that the consumer price index (CPI), a major gauge of China's inflation, was likely to exceed the government's 3-percent growth target in several months, but "there is a foundation to achieve the full-year CPI target of 3 percent" as long as China continued improving macro-regulations, it said.The NDRC statement noted that China would see "stable and comparatively fast economic growth" and "a moderate consumer price increase" this year.China's GDP rose 11.9 percent from a year earlier during the first quarter of this year. The CPI increased 2.4 percent year on year in March while the growth for April accelerated to 2.8 percent, according to the National Bureau of Statistics (NBS).The NBS is scheduled to release May economic data, including the CPI, fixed asset investment and retail sales, on June 11.

NINGBO, Zhejiang, May 16 (Xinhua) -- European customers benefit from Chinese exports and all parties should work to build a fair, level playing field in international trade, said a senior official of the European Commission in an exclusive interview with Xinhua here on Sunday."We are working to create a level playing field which gives opportunity, diversified choices and good prices to our customers," said Neelie Kroes, Vice President of the European Commission, the executive arm of the European Union, in a forum on the sidelines of the Expo 2010 in Shanghai.Kroes said international trade was a bit comparable to road traffic. "Most of us respect the rules of the game, but if one or two are not respecting the rules and the red lights, there will be an accident," she said.In the case of China-EU trade relations, "most of the parties in the games are respecting the rules, and only one percent is not taking the rules into account, and that is the subject that we called anti-dumping," she said.Recently, China-EU trade relations were marred by a dispute over imports of certain Chinese-made shoes with EU ministers voting last December to extend import duties on Chinese shoes for another 15 months.Earlier last month, the European Commission rejected a complaint by China to the World Trade Organization that EU's anti-dumping tariffs on imports of Chinese shoes breached WTO rules."Making shoes is a traditional skill of my village and we are good at making shoes. I don't understand why they applied the anti-dumping measure against us, " said Gao Hua, a small-sized shoe manufacturer in Wenzhou, to the south of Ningbo of Zhejiang where the Expo forum was held.The Federation of European Sporting Goods Industry (FESI) said in March that it had started legal action against the European Union over its decision to extend anti-dumping duties on shoes imported from China and Vietnam.The FESI said in a statement that the European Commission's decision to extend duties on imported Chinese and Vietnamese leather footwear was based on a misguided investigation and analysis.It was unfair to single out the one percent that didn't obey the rules, Kroes said. The 27-member EU is China's biggest trade partner. China is the EU's second-biggest trade partner and is its biggest source of imports.China's main exports to Europe are machinery and domestic goods, including clothes and shoes. While the EU's main exports to China include industrial machinery, transport equipment, chemicals and high-end consumer goods."99 percent of European people are delighted to have Chinese goods and the EU's import from China is beneficial to EU consumers, and it also help keep European producers awake and competitive," Kroes said.FESI, whose members include top sports footwear brands such as Adidas, Puma, Nike, Lacoste and Asics, said the duties had cost the industry nearly 1 billion euros (.36 billion) since being introduced in 2006, according to the statement.

VANCOUVER, April 27 (Xinhua) -- Shanghai's upcoming hosting of the World Expo will be an "unforgettable experience" for local residents, leaving a lasting legacy of international trade that will be of benefit to everyone, according to a former Canadian politician.Grace McCarthy, the British Columbia tourism minister who was largely responsible for bringing the World Expo to Vancouver in 1986, said the hosting of the fair put the Canadian city on the global map, ultimately leading to its successful hosting of the Winter Olympics earlier this year.Now 82 and retired from politics, McCarthy, who heads the Vancouver-based Child Foundation charity which helps children with liver and intestinal disorders, said the spinoffs of the Shanghai expo would be vast, ranging from economic development for the city and the country as a whole, to improving the lives of local residents."Shanghai undoubtedly has strong local government with committees working night and day to make connections around the world. Those connections will pay off because they wouldn't even show up if they didn't plan to have a plant (they wanted built) or wanted to go and help rebuild that area that the expo site is on. There will be international trade which will be a benefit for everybody," she said."The opportunity now for Shanghai is the world gets to know the city, not as a land, but as the land of opportunity. Not as individuals who are hardworking, but individuals who want people to come and stay and live and contribute to the country. That's the essence of a world expo. People will see a very different Shanghai than what they have envisioned. It's a pure learning experience."With a theme of transport and communication, the Vancouver expo previewed a host of technologies that are now commonplace.Demonstrations of the internet were on display nearly a decade before it became commonplace, while inventor Arthur C. Clarke presided over a satellite dinner. With diners sitting in Canada, the famed author of 2001: A Space Odyssey chatted with those assembled via satellite from his Sri Lankan base.There was also a demonstration line of Vancouver's new transportation system with an overhead "Skytrain" moving passengers through the expo site. McCarthy said the Canadian-made system had drawn great interest from Singapore which was looking to improve its own rapid transit at the time. However, they ended up going with Japanese technology."It's that kind of interface and that kind of incentive that assist industry both in Canada and British Columbia. From that point of view it was super successful from educating young people about the world they live and making industrial and commercial contacts. At expos you always see futuristic things."That's what really makes an expo when you can showcase the world. It's a real learning experience for the country hosting. Children would come to expo and they would learn all about China, what they produced, what their educational system was like. Then they would go to another pavilion and find out more. It was a real learning experience because there was something for everyone at expo."McCarthy admits Vancouver's expo experience happened almost by accident. To celebrate the city's 100th anniversary in 1986, she got in contact with the Louvre art gallery in Paris to see about the possibility of touring the Mona Lisa across Canada, but little success. A chance meeting in London with Patrick Reid, who had overseen Canada's interest at six world expos, however, sealed the deal. With a reported budget of 800 million to 1 billion Canadian dollars, the fair was a great success in attracting more than 22 million visitors, but ultimately lost just over 300 million Canadian dollars.Despite the financial loss, McCarthy said the expo was beneficial for the psychology of the country that at the time was emerging from a prolonged recession. In addition, there was a sense of patriotism that swept over Canada."It was very beneficial for the psychology of the country and that's difficult to put dollars to. Everything is not all dollars, but everything in dollars is psychological because if you pour money into a party, an event or something, you can be super successful if you do it right. That's what we did."For a person who doesn't know Shanghai, this is a great learning experience for them. They'll see the excitement of the opportunities, the young people who have come to life in the city and are doing incredible things, they'll see all of that and their perception will change. That's worth an awful lot in the global picture."One area that benefited Vancouver tremendously following the fair was tourism. In 2008, tourism employed more than 131,000 people in the western province making it one of its largest sectors along with forestry, fishing and mining. It had 2008 revenues of more than 13.1 billion Canadian dollars, up 35 percent since 2002, according to Tourism BC statistics. "Expo provided us with a showcase to show the world and the world was very interested in seeing it. We had boom years for tourism after that ... afterwards, the people who came in droves and were interested in coming simply because of the media coverage that went all over the world," McCarthy said."When the whole thing finished the world did know about us. Someday they would like to come to British Columbia, Canada. That was kind of the mantra. And people did come in droves. Tourism was at its peak during those years."She adds, however, that the Shanghai organizer needed to recognize that "a country can't live on parties" alone, they also needed to be serious about the business end of it."The business end of it is just as much the hospitality plan quotient and the business plan quotient together."It is very important that countries envision what they want for the values of their people and what the people themselves want for a very good way of life."

BOAO, Hainan, April 11 (Xinhua) -- Entrepreneurs and economists of the Chinese mainland and Taiwan have considered the expected signing of a cross-Strait economic pact as a top priority in further development of their trade relations.The long-awaited Economic Cooperation Framework Agreement (ECFA), aiming to normalize mainland-Taiwan economic ties and bring the two economies closer, is hoped to be signed by the end of June.Fredrick Chien, chief advisor of Taiwan's Cross-Straits Common Market Foundation, said here Sunday the ECFA will be an "extremely important" agreement to strengthen future development of cross-Strait relations."As long as we make this stride, the cross-Strait economic and trade exchanges will get much closer," Chien said at the Boao Forum for Asia annual conference which concluded Sunday in southern island province of Hainan.He jointly presided over a round-table meeting with Dai Xianglong, chairman of the mainland's National Council for Social Security Fund.