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BEIJING, Sept. 1 (Xinhua) -- Chinese Premier Wen Jiabao said here Tuesday China would not change the orientation of its stimulating economic policy as the country is at a critical stage in the recovery of the economy. Wen said, when meeting with World Bank President Robert Zoellick, that China's government would continue to pursue proactive fiscal and moderately easy monetary policies. "We will not change the orientation of our policy," Wen said. Wen said China would fully implement and continue to enhance and perfect policy in response to the international financial crisis to achieve the goals of economic and social development. Chinese Premier Wen Jiabao (R) meets with World Bank President Robert Zoellick in Beijing on Sept. 1, 2009. China's economy grew 7.1 percent in the first half of this year and 7.9 percent in the second quarter, reversing a declining trend in the previous seven quarters. World Bank President Zoellick said earlier China's economic recovery might be better than expected. In the first seven months of this year, China has seen a robust growth of domestic demand as consumption surged 15.2 percent year on year and investment 32.9 percent. The Ministry of Commerce predicts China's exports will slow their decline or even grow on a monthly basis. "The macro-economic policy and measures that China adopted in response to the international financial crisis have been proved inconformity with reality, prompt, forceful and effective," Wen said. Wen said the world economy was now showing signs of stabilizing, but an all-round recovery would be a slow, difficult and complicated process. It would require long-term, concerted efforts by every country in the world in strengthening dialogue, coordinating policy and deepening cooperation. Wen said imbalances in the global economy were rooted in disparity in development. He urged the international community to pay special attention to difficulties faced by developing countries, especially the least developed ones. He said the gap should be lessened by increasing aid, writing off debts, opening markets and transferring technology. Wen said China was ready to strengthen cooperation with the World Bank and make new contributions to achieving the UN Millennium Goals and sustainable development of the world. This is the third time Zoellick has visited China since becoming World Bank President. Following his arrival Monday afternoon, Zoellick exchanged views on the major topics of his agenda in Beijing, the international financial crisis and climate change, with Chinese officials. Besides Beijing, Zoellick will visit Anhui province in east China. Zoellick said the World Bank was willing to develop cooperation with China in areas such as international development aid, reform of international financial organizations and climate change.
CHENGDU, Oct. 16 (Xinhua) -- China's relatively poor western regions are to receive 296 billion yuan (about 43.3 billion U.S. dollars) of investment through 551 projects signed Friday with investors from both China and abroad. Those deals were sealed at the tenth Western China International Economy and Trade Fair in Chengdu, provincial capital of southwest China's Sichuan Province. The region has 12 provinces, autonomous regions and municipalities, with a combined population of about 370 million. Chinese investors contributed 539 of the 551 projects, involving 288.9 billion yuan of investment. The rest 12 projects would be invested by foreign contractors, involving in around 1 billion U.S. dollars of investment. Sectors involving local resources, equipment manufacturing, service and new and high technology were investors' favorite target areas. According to agreements signed here, German industrial conglomerate Siemens would spend 30 million yuan in Chengdu to setup a "Global IT Operation Center", intending to provide better IT operation support for its customers. Meanwhile, Taiwan's Foxconn Group, the world's top maker of outsourced electronics, would invest 1 billion dollars to build an industrial base in Chengdu, setting up production lines for products like LED-TV, LCD module, LED backlight module and LCD package. The new base will also develop software and sell 3C digital products as wells.

BEIJING, Oct. 5 (Xinhua) -- The Emerging Markets magazine has named China's Finance Minister Xie Xuren as Finance Minister of the Year, Asia 2009, the Ministry of Finance said Monday at its website. The Emerging Markets believes that China's quick and proactive fiscal policies implemented in the past year have boosted economic growth and made contributions to global economic recovery, the ministry said. In a written interview with the magazine, Xie said since the outbreak of the global financial crisis last year, the Chinese government timely and resolutely adjusted its macro-economic polices, carried out proactive fiscal and moderately easy monetary policies, and approved plans aiming to spur domestic consumption. China's Finance Minister Xie Xuren (L) meets with World Bank Group President Robert B. Zoellick ahead of the World Bank Group and the International Monetary Fund (IMF) annual meetings in Istanbul, Turkey, Oct. 5, 2009. The 2009 Annual Meetings of the World Bank Group and the IMF are scheduled to be held in Istanbul on Oct. 6 and 7. China's gross domestic product grew 7.1 percent in the first half of this year, which proved those policies were effective, said Xie. He told the magazine that an overall recovery in the global economy would be slow with twists and turns, and that China's economic recovery was still unstable and imbalanced. But China would stick to the proactive fiscal and moderately easy monetary policies, while focusing on the longer-term development and economic restructuring, he said. Emerging Markets is part of Euro money Institutional Investor plc. It provides a broad range of news, features, analysis for investors, bankers, brokers working in the developing world.
URUMQI, Sept. 4 (Xinhua) -- The city of Urumqi, capital of northwest China's Xinjiang Uygur Autonomous Region, quieted down late Thursday night after tens of thousands of people took to streets to protest against syringe attacks. There were few pedestrians on the Youhao, Karamay, Altay and Beijing Roads. Police were persuading about 100 people to leave the Nanhu Square in front of the municipal government. Passage in areas including Youhao Road, Guangming Road and Renmin Square was prohibited for vehicle as a traffic control in place on major roads in downtown areas took effect at 9:00 p.m.. Li Zhi (1st R, on the car), secretary of the Communist Party of China Urumqi City Committee, speaks to crowds in Urumqi, capital city of Xinjiang Uygur Autonomous Region, Sep. 3, 2009. Crowds gathered at a number of sites in Urumqi Thursday morning demanding security guarantees from authorities following hypodermic syringe attacks in the capital city of Xinjiang Uygur Autonomous Region. Tension was relieved after the communication of local officials with the crowd. The daytime protest, attended by tens of thousands of people, crippled city traffic and forced shops in major commercial streets to shut. Police said Thursday's protest started at 10:50 a.m. when more than 1,000 people gathered in the residential quarter of Xiaoximen. Another crowd of protestors gathered at the Beiyuanchun farmers' produce wholesale market at 10:30 when a man was caught after allegedly stabbing a five-year-old girl. The demonstration spread to major streets including Guangming Road, Xinmin Road and Youhao Road. People also turned out in big crowds in front of the Renmin Cinema and at the Renmin Square. Protestors held the national flag and the flag of the Communist Party of China and shouted "Severely punish the mob." Members of the Uygur ethnic minority were among the protesting crowds. Wang Lequan, secretary of Xinjiang Uygur Autonomous Regional Committee of the Communist Party of China (CPC), and Li Zhi, secretary of the CPC Urumqi City Committee, called on the crowds, on two separate occasions, to stay calm and show restraint. Wang and five representatives of the public held talks in the office building of the regional committee during the afternoon, but no details were available. Stabbing attacks occurred during the protests and an attacker was caught at the scene. The police stopped the crowd who were about to beat her. Police said that attacks with syringes against innocent people have been carried out in Urumqi since Aug. 17. The regional health department said 476 people have sought treatment for stabbing, of whom 89 were showing obvious signs of needle sites. As of Wednesday, there had been no deaths reported and no symptoms have been found of infectious disease viruses or toxic chemicals. Parents are worried about the safety of their children as the Fall semester has started. Zhu Hailun, head of the political and legal affairs commission of the CPC committee in Xinjiang, said members of nine ethnic groups including Han, Uygur, Hui, Kazak and Mongolian had reported stabbing incidents to the police in recent days. Local police had seized 21 suspects, of whom six are in police custody and four arrested for criminal prosecution, said the regional information office in a mobile phone text messages to the public on Thursday. It also said that the court would hand down severe punishments to those found guilty according to the law. The attacks came less than two months after the July 5 Urumqi riot when 197 people, mostly from the Han ethnic group, were killed, and 1,600 others injured. Authorities have issued arrest warrants to 196 suspects and prosecuted 51 for involvement in the riot, the regional government information office said in a statement Thursday. The police have further requested the procuratorate to approve the arrest of another 239 suspects thought to be involved in 140 crimes. Another 825 are being held in criminal detention, the regional information office said.
XI'NING, Aug. 25 (Xinhua) -- Chinese Vice Premier Li Keqiang on Tuesday called for more efforts to promote development of the country's western regions during a visit to northwest China's Qinghai Province. More efforts should be made to tap the advantages of local industries and adjust the economic structure, Li said during a visit that started Sunday and included factory workshops, farms and rural households. In Qinghai Arura (Jinhe) Tibetan Medicine Company Limited, Li saw the company's efforts to process local agricultural products. Chinese Vice Premier Li Keqiang (R) talks with villagers of Hongju Village, Huzhu Tu Autonomous County, northwest China's Qinghai Province, Aug. 24, 2009. Li Keqiang inspected Qinghai Province from Aug. 23 to Aug. 25 He visted Yiwa Ethnic Clothes Manufacturing Plant and Xining Special Steel Company Limited and urged them to improve technologies and meet market demand. "The western regions have huge market demand and growth potential. It is important to carry on the policy to develop western regions and support ethnic regions to promote regional economic and social development," Li said. Chinese Vice Premier Li Keqiang (C) visits villagers of Xiaozhuang Village, Huzhu Tu Autonomous County, northwest China's Qinghai Province, Aug. 24, 2009At Qinghai Salt Lake Industry Group Company Limited, Li said technological innovation was needed to tap resources in western regions as well as infrastructure construction and environmental protection. Li urged local governments in Haidong, eastern Qinghai, to fully implement the country's policies to promote agricultural growth in ethnic and rural regions and increase peasants' income. Li talked with villagers of different ethnic groups in a village in Haidong and urged local officials to help improve living standards and care for the disadvantaged.
来源:资阳报