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HAVANA, Nov. 18 (Xinhua) -- Chinese President Hu Jintao on Tuesday visited Fidel Castro, first secretary of the Central Committee of the Communist Party of Cuba, in Havana. The two leaders warmly shook hands, exchanged greetings and had a long conversation in a sincere and friendly atmosphere. Hu said he was delighted to see Castro again. The comrades of the Central Committee of the Communist Party of China "have all cared about your health and I brought their sincere greetings to you," he said. "I see in person that you have recovered and have been energetic so I feel very pleased," he told Castro. Chinese President Hu Jintao (L) visits Fidel Castro, first secretary of the Central Committee of the Communist Party of Cuba, in Havana, capital of Cuba, Nov. 18, 2008. Castro extended a warm welcome to Hu for his second state visit to Cuba. "We are old friends. I am happy to see that you are as energetic as when I met you last time," he said. Hu said that as the founder of the Cuban socialist revolution and construction, Castro is dearly adored by the Cuban people. During the past half century, Castro led the heroic Cuban people in their fearless struggle to safeguard state sovereignty and adhere to the path of socialism, thus winning respect from people worldwide, including the Chinese people. Hu said that Castro has followed closely his country's development, showed great concern about people's life and dedicated himself to profound reflections of major strategic issues, such as international affairs and national development. "Your thoughts and experience will surely guide the Cuban people to continue their march on the road of socialist construction," he said. On Sino-Cuban relations, Hu said relations between the two countries have withstood the changes of international situation thanks to the joint efforts to forge and nurture their bilateral ties by generations of Chinese leaders, including Mao Zedong, DengXiaoping and Jiang Zemin, and Castro and other Cuban leaders. "The brotherly friendship between our two countries and two parties has been deeply rooted in the hearts of our two peoples," he said. "The Chinese people will never forget that thanks to your concern and effort that Cuba became the first Latin American nation to forge diplomatic ties with China 48 years ago," he said. Thanks to the concerted efforts of both sides, the Sino-Cuban mutually beneficial and friendly cooperation in all areas have been expanding continuously, and bilateral ties have entered a new era of all-round development, said Hu. "Our two nations, parties and peoples have become reliable friends and brothers who share weal and woe," he said. "What affected me and other Chinese leaders most is that you always pay close attention to China's development and remain committed to promoting friendly cooperation between our two countries," Hu added. Hu noted that Castro ordered to send a medical team to China immediately after the devastating earthquake in Wenchuan, southwest China's Sichuan province on May 12. The Cuban leader also made constant phone calls to offer instructions on the team's work in China, Hu added. Moreover, in his article entitled China's Victory, Castro has showed his firm support for China on such major issues as Taiwan, Tibet and the Olympic Games in Beijing, the Chinese president said. The Cuban leader has also showed great concern about the Chinese students studying in Cuba and the progress of a joint ophthalmic hospital. "The Chinese people, the Communist Party of China and the Chinese government will for ever remember all these," he said. Castro expressed appreciation of China's relief and reconstruction efforts following the Wenchuan earthquake and other natural disasters. He once again congratulated China on its successful hosting of the Beijing Olympic Games and Paralympics as well as the success of the Shenzhou-7 manned space mission. Hu said that the Chinese government will always adhere to the principle of long-term friendship between China and Cuba. The Chinese people will, as always, support the just struggle of the Cuban people in safeguarding state sovereignty and opposing outside interference. China will continue to provide assistance for Cuba within its capacity, and will firmly support the country's socialist cause, he said. "We will work with the Cuban people to continuously push forward the development of friendship between China and Cuba," he added. Castro said he and other Cuban comrades have followed closely "everything that happened in China." "China has a large population and a culture of long standing and the Chinese people are known for their diligence," he said, adding that the Chinese people "have surmounted all manner of unimaginable difficulties and accomplished great achievements in construction." "As the current international financial crisis is spreading, the Chinese economy has kept a sound momentum for development, demonstrating that China is the most prepared country," he said. China is the most dynamic nation in the world and "no force can stop it from forging ahead," he said. The two leaders also exchanged views on the two countries' economic development and major international and regional issues, including the international financial crisis and the world economy. Before the conclusion of the meeting, Hu again expressed his heartfelt wish for Castro's good health. Castro, in return, expressed his gratitude. Cuba is the third leg of Hu's five-nation trip. He has attended a Group of 20 summit on the financial crisis in Washington and visited Costa Rica. He will also visit Peru and Greece, and attend the Economic Leaders' Informal Meeting of the Asia-Pacific Economic Cooperation (APEC) forum in the Peruvian capital of Lima.
DAVOS, Switzerland, Jan. 28 (Xinhua) -- Chinese Premier Wen Jiabao on Wednesday stressed confidence, cooperation and responsibility as key to overcoming the current global financial crisis. The global financial crisis is a challenge for the whole world, and the pressing task for the international community is "to take further measures to restore market confidence as soon as possible," Wen told participants attending the World Economic Forum annual meeting in the Swiss skiing resort of Davos. In tackling the crisis, confidence is the source of strength, practical cooperation the effective way and accepting responsibilities the prerequisite, he said in his special message at the forum. "We should not only take more forceful and effective steps to tide over the current difficulties, but also push for the establishment of a new world economic order that is just, equitable, sound and stable," Wen said. To this end, international economic cooperation and a sound multilateral trading regime should be promoted, and the reform of the international financial system should be advanced, he said. Chinese Premier Wen Jiabao (L) answers questions after speaking at the World Economic Forum annual meeting, in Davos, Switzerland, on Jan. 28, 2009.It is also necessary to strengthen international cooperation in financial supervision and regulation to guard against the build-up and spread of financial risks, the Chinese premier said. Wen said the interests of developing countries should be effectively protected and economic development of the whole world should be promoted. He also called for jointly tackling global challenges, such as climate change, environmental degradation, natural disasters and food security. "No country can be insulated from these challenges or meet them on its own. The international community should intensify cooperation and respond to these challenges together," Wen said. Wen, who is on a visit to Switzerland, traveled on Wednesday to Davos to attend the forum after meeting with President of the Swiss Confederation Hans-Rudolf Merz for talks on bilateral ties on Tuesday. Switzerland is the first leg of Wen's European tour, which will later take him to Germany, the European Union headquarters, Spain and Britain.

BEIJING, Dec. 1 -- Amid the coupling effects of shrinking global demand and rising operating costs, it has been a dramatic upheaval this year for domestic small and medium-sized enterprises (SMEs) after China started its reforms 30 years ago. Even as the scene appears a bit scary, there is still a ray of hope if only entrepreneurs note the writing on the wall and go all out to cut costs before they raise the clamor for a bailout.Two women make beds on a production line of the small private firm Nangang Shoemaking Factory in Foshan, Guangdong province.In the first half of 2008, much before the world saw the capital markets going topsy turvy amid the global economic slowdown, over 67,000 SMEs in China went bankrupt, while more than 10,000 labor-intensive textile enterprises downed shutters, according to figures from the Department of SMEs under the National Development and Reform Commission. In October, 714 companies were closed in Dongguan in Guangdong province, home to over 60,100 private companies and a major manufacturing center in China. "We will see more companies closing in the coming months, with the figure likely to cross 1,000 after Christmas," says Dongguan Deputy Mayor Jiang Ling. Most of the international buyers of Chinese products failed to get letters of credit in October leading to significant cancellations of Christmas orders, says Frank FX. Gong, chief China economist at JPMorgan Securities (Asia Pacific) Limited in a recent report. "Indeed, 'things suddenly ceased' was the common comment we heard on the ground lately," he says. But for some like Luo Chun, sales director of tin box maker Dongguan Tinpak Co, the freeze on Christmas orders has not yet meant closing. Luo says overseas order fell by 10 percent from June to October, normally the peak time for Christmas orders.
BEIJING, Jan. 24 (Xinhua) -- Chinese leaders offered their Spring Festival greetings to the nation at a gathering to mark the coming Lunar New Year here Saturday. President Hu Jintao chaired the gathering of more than 4,000 people from various sections of society. On behalf of the Central Committee of the Communist Party of China (CPC) and the State Council, Hu, who is general secretary of the CPC Central Committee, conveyed festival greetings to all Chinese people and his thanks to the friends of China across the world. Premier Wen Jiabao, who is also a member of the Standing Committee of the Political Bureau of the CPC Central Committee, delivered a speech. 2008 was an extraordinary year for China, in which the country succeeded in fighting the severe winter weather, the May 12 earthquake, in hosting the Beijing Olympics and launching the Shenzhou-7 manned spacecraft and actively coping with the current international financial crisis, he said. The achievements "demonstrated that no difficulty could defeat the great Chinese people and the road of socialism with Chinese characteristics will be broadened," he said. The country will embrace the 60th founding anniversary of new China in 2009, Wen said. Priority should be given to maintaining stable and relatively fast economic growth this year. This will be achieved through expanding domestic demand especially consumption demand, restructuring the economy and transforming the growth pattern, he said. All will ultimately target maximally satisfying people's increasing material and cultural needs, he added. In 2009, China will enhance and improve macroeconomic control efforts and carry out an active fiscal policy, as well as a moderately easy monetary policy, he said. "We have the confidence and the ability to overcome various difficulties and achieve further development," he added. The government will pool strength of the nation to do some practical things for the people, including expanding employment, improving the social security system, promoting medicare system reform, enhancing development of the cultural industry, and ensuring smooth rebuilding in disaster-hit areas, he said. The government will also strive to solve people's housing difficulties and to provide satisfactory education that ensures no child drops out of school because of financial difficulties, he said. Other leaders, including Wu Bangguo, Jia Qinglin, Li Changchun, Xi Jinping, Li Keqiang, He Guoqiang and Zhou Yongkang, also attended the gathering. Spring Festival, or the Chinese Lunar New Year, is the most important traditional Chinese festival of family reunion. It falls on Jan. 26 this year.
BEIJING, Nov. 5 (Xinhua) -- Chinese industry faced a grim situation, as the global financial crisis would have a deep impact on the industrial and information technology sectors, a senior official warned on Wednesday. Zhu Hongren, an official with the Ministry of Industry and Information Technology, said the country needed to increase investment in key areas and weak points of the industrial economy. The government should maintain a reasonable investment scale and step up technical innovation. He said the imbalance between weakening demand and expanding capacity would become more problematic as the crisis spread. Labor-intensive and export-oriented businesses would be hurt as prices of energy and raw materials would continue fluctuating. Among others, the electricity, textile and non-ferrous metal industries had already sustained heavy losses, with 18.3 percent of large industrial companies losing money during the first eight months of the year. Industrial output growth fell to 11.4 percent in September, the lowest since April 2002. Power generation and oil production grew a mere 3.4 percent and 3.7 percent, respectively, while steel output fell 9.1 percent year-on-year. In the first three quarters, the value of industrial exports rose 15.7 percent, which was 6.1 percentage points less than a year earlier.
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