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JEDDAH, Saudi Arabia, June 22 (Xinhua) -- China will stick to the a sustainable energy strategy and make active contributions to the sustainable energy development and energy security in the world, Chinese Vice President Xi Jinping said on Sunday. China will put emphasis on both energy exploitation and conservation with priority given to economizing on energy consumption, Xi said at the ongoing International Energy Conference held in the western Saudi port city of Jeddah. Chinese Vice President Xi Jinping addresses the the international energy meeting held in Jeddah, Aaudi Arabia on SundayChina has drafted a plan to reduce the energy consumption in per unit gross domestic product by about 20 percent by 2010 from the 2005 level, Xi said. "We'll take all possible measures to achieve the goal," he told the one-day meeting. China will try to meet the demands for economic growth and the improvement of people's life by increasing domestic energy supply, Xi said. China still has great potential for domestic energy supply, as the country has abundant reserves in coal, the major source for its energy. Its rich hydroelectric resources, plus other new energies such as nuclear energy, wind energy, are yet to be fully exploited, he added. China will pursue diversified development of energy supplies, Xi said. Various energy forms such as coal, oil and gas, hydroelectricity, wind electricity and solar energy will supplement each other to secure a stable energy supply, he said. Technological progress and innovation in the energy field will be encouraged in China, said the vice president. China will enhance its ability of innovation, break through the bottlenecks of energy technology and seek new ways to exploit energy resources, he said. China will strive to build a resource-conserving and environment-friendly society by ensuring the coordinated development of energy production and environmental protection, he said. China will also adhere to the principle of mutual benefit in the energy field and strengthen cooperation with energy producing and consuming nations, he added.
BEIJING, Sept. 9 (Xinhua) -- "Teaching is the most splendid profession under the sun," said Premier Wen Jiabao on Tuesday, while meeting with elementary and high school teachers at his office in central Beijing, to mark Teachers' Day, which falls on Sept. 10 every year. Prior to their meeting, Wen showed his visitors around at the former office room of late Premier Zhou Enlai, in the Zhongnanhai compound, where both the Communist Party of China (CPC) Central Committee and the State Council are headquartered. Chinese Premier Wen Jiabao (Front) shows teachers around the Zhongnanhai compound, where both the Central Committee of the Communist Party of China and China's State Council (Cabinet) are headquartered, in central Beijing, China, Sept. 9, 2008. Wen Jiabao on Tuesday invited eight elementary and high school teachers to his office to jointly celebrate the Teachers' Day, which falls on Sept. 10As a beloved State and Party leader for the Chinese people, Zhou has been a banner for all with his lofty character and style, said the premier, who is also a member of the Standing Committee of the CPC Central Committee Political Bureau. During their talks, the premier asked the guests to give their comments on the proposed long-term outline on the country's educational reform and development. Tan Guoqiang, principal of the Yingxiu Elementary School in Wenchuan County of Sichuan Province, urged the government to deal with the issues of payment, academic titles and housing for rural teachers. Wen told Tan that the government will give top priority to rural education and improve the teaching conditions in the countryside by "building schools in the safest places." Chinese Premier Wen Jiabao (C Front) and State Councilor Liu Yandong (1st R Front) pose for a group photo with teachers in the Zhongnanhai compound, where both the Central Committee of the Communist Party of China and China's State Council (Cabinet) are headquartered, in central Beijing, China, Sept. 9, 2008Wenchuan was the epicenter of the deadly May 12 earthquake, which left more than 80,000 dead or missing and millions of homeless, including thousands of young students who died in collapsed school buildings. Tan is the only one among the eight visitors to come from outside Beijing. The other seven also gave their opinions on a series of issues including the current educational reform, and professional training, compulsory education for schoolchildren of migrant workers from rural areas. In his speech, the premier urged entrepreneurs to contribute more to the educational sector. "For entrepreneurs, the best way to pay back society is to invest in education," he said, in reply to a proposal by Liu Pengzhi, president of a local high school, who called for multiplying the resources of investment for education. Chinese Premier Wen Jiabao (C Rear) and State Councilor Liu Yandong (2nd R Rear) meet with teachers in Beijing, China, Sept. 9, 2008Wen supported Zhong Zhu, a 33-year old teacher from the No. 35 Middle School of Beijing, in his call for establishing parental schools and increasing awareness about responsibilities, rights and psychological health among students. He urged teachers to love students, students to respect teachers, and society to give priority to education. "Set students free, and not only allow them more hours to play, as well as give them more time to conduct sporting, thinking, practicing, and understanding society," said the premier. In his keynote address, Wen called education a "foundation stone" for the nation. China will be built into a first-class country with a first-class education system and first-class talents, he stressed. Teachers should be far-sighted, patriotic and faithful to their profession, said the premier. He urged teachers to set a good example for students, be more creative so that they can train more creative talents, and make greater efforts to obtain new knowledge to keep pace with the times. At the end of his speech, Wen showed his profound gratefulness, love and respect for teachers, especially those working in remote, rural and poverty-stricken areas. After the talks, Wen had a brief lunch with his visitors

BEIJING, May 11 -- China's monetary authorities are struggling to address conflicting policy goals, but inflation will remain the top policy concern, the country's central bank governor said on Saturday. While the United States and other countries are more focused on fending off a recession, China's monetary policy must target inflation over growth and employment, Zhou Xiaochuan, the People's Bank of China governor, told a forum in Lujiazui, Shanghai's financial center. "There is no cure-all medicine, and we have to make the final decisions -- everyone hopes there would be a cure-all solution, but there is not," said Zhou. China's consumer price inflation would likely to rise to 8.5 percent in April from 8.3 percent in March, two sources familiar with the data said late on Thursday. The data, which is subject to last-minute revisions, will be officially released on Monday. Zhou Xiaochuan, governor of the People's Bank of China, addresses the Lujiazui Forum 2008 in Shanghai, east China, May 10, 2008. Heads of the People's Bank of China, the country's central bank, the Securities Regulatory Commission, the Banking Regulatory Commission and the Insurance Regulatory Commission all attended the two-day financial forum, opened on May 9. Lujiazui is the name of Shanghai's financial district. Meanwhile, the government said on Friday that China's producer price index, or factory-gate inflation, hit a three-year high of 8.1 percent in April, showing a sustained build-up in pressures on consumer price inflation. Zhou listed development of financial institutions and the imbalance in global money transfers as other issues that China's monetary policy may have to target. He said China needs to reduce the savings ratio as the fundamental way to address its over-reliance on trade, which now accounts for more than 60 percent of its annual GDP, but he did not elaborate on possible specific measures. On other issues, Zhou said Beijing has yet to reach a consensus over how to develop a properly functioning domestic bond market. Disputes remain about market infrastructure, the regulatory framework as well as laws and regulations, Zhou said.
BEIJING, Aug. 7 (Xinhua) -- Efforts should be made to increase power production and guarantee supply for both the Olympic Games and stable economic operation, said Vice Premier Li Keqiang on Thursday. With the summer energy consumption peak and the Games, power supply is a heavy task for relevant organizations, Li, also a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, said while inspecting Datang Group, a major power supplier in Beijing.Li Keqiang (C), Chinese Vice Premier and member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, inspects Datang Corporation in Beijing, capital of China, Aug. 7, 2008.He said that to ensure safe, stable power supply and generation, enterprises should pay special attention to production safety and improve the management and maintenance of power facilities. He also urged all organizations to use energy-saving technologies and products and promote education on energy-saving among the public to reduce energy waste.
WASHINGTON, Oct. 11 (Xinhua) -- Deputy Governor of the People's Bank of China Yi Gang called for international cooperation here on Saturday to restore global financial stability. "Our current priority is to enhance international cooperation to prevent further deterioration and spillover of the crisis and restore global economic and financial stability," Yi said. The deepening and widening of the U.S. financial crisis have triggered a major global slowdown and escalating uncertainty, Yi Gang said in a statement at the 18th meeting of the International Monetary and Financial Committee (IMFC) held here Saturday. While the advanced economies have slowed significantly since the U.S. sub-prime crisis, the emerging market economies have maintained robust growth but the deteriorating external environment is putting the resilience of their macroeconomic policies to the test, he said. The crisis has underscored shortcomings in the financial markets, Yi said. He expressed his hope that the stabilizing measures of the advanced economies will have the positive effect of calming the markets and restoring confidence. "China is willing to strengthen its cooperation with other countries and, through such joint efforts, we hope global financial stability can be safeguarded," he said. In line with their status, Yi said, the major reserve currency issuing countries should shoulder the responsibility for preventing further spillovers and minimizing shocks to other economies -- especially to the emerging markets. To promote balanced and steady global growth over the longer term, efforts should be made to advance structural reforms and increase savings, he pointed out. The International Monetary Fund -- at the core of the international monetary system -- should carry out its mandate to safeguard global economic and financial stability, he said. The IMFC is the steering committee of the 185-nation lending institution. Yi also noted that as the impact of the crisis on the real economy is much worse than expected and the recovery more protracted and difficult, the risks of deflation in some countries as a result of the credit crunch have increased significantly. "It is imperative that the major advanced economies coordinate rapid implementation of bailout packages to avoid deflation and facilitate the global recovery," said Yi. "However, we should be aware that the injection of liquidity from these emergency measures could be a potential source of inflation in the medium and long term," the deputy governor said.
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