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DAVOS, Switzerland, Jan. 28 (Xinhua) -- Chinese Vice Premier Li Keqiang on Thursday called for international efforts to promote the sound recovery and sustained development of the world economy in the post-crisis era.In a keynote speech delivered at the annual meeting of the World Economic Forum in the eastern Swiss ski resort of Davos, Li said the theme of the meeting "Rethink, Redesign, Rebuild" embodies the spirit of cooperation and innovation to discuss means of world economic development in the post-crisis era.He introduced the measures China had taken to deal with the international financial crisis, its achievements and China's intended follow-up economic policies.The vice premier said the crisis did not change the fundamentals and long-term positive trend of China's economic development.Chinese Vice Premier Li Keqiang delivers a speech in the annual meeting of the World Economic Forum (WEF) in Davos, Switzerland, Jan. 28, 2010"Last year, we acted with resolve and confronted challenges head-on, and succeeded in ensuring steady and fast economic growth. As we draw plans for this year, we are confident that we can stay on top of the complicated situation and maintain steady and fast growth of the Chinese economy," said Li."Looking ahead, we are well positioned to achieve long-term, fast and steady economic growth."China needs to follow a scientific outlook on development -- accelerating essential transformation of economic growth pattern, intensifying strategic adjustment of economic structure and endeavoring to explore new development models, he told the world's leading business executives and political leaders.As a responsible and big developing country, China will stick to its unswerving path of peaceful development and mutually beneficial opening-up strategy, work together with other countries to promote the building of a harmonious world with sustained peace and common prosperity, he said.The international community had scored initial achievements by working together to cope with the financial crisis, which struck over a year ago, he said.Countries, whose fates are closely connected with each other, should further share responsibility and enhance cooperation under the complicated situation.Chinese Vice Premier Li Keqiang delivers a speech in the annual meeting of the World Economic Forum (WEF) in Davos, Switzerland, Jan. 28, 2010. Li laid out a five-point proposal regarding world economic recovery and sustained development in the post-crisis era."First, we should continue to work together and prevail over the crisis. In a globalized world, the economies of all countries are interdependent and mutually reinforcing," said the Chinese vice premier.The policies of one country can well impact those of others. Only when global economic recovery is achieved can the recovery of national economies be secured, he said.The recent concerted responses by various countries have reduced the severe impact of the international financial crisis and prevented the occurrence of a serious recession, he said.The crisis is not over yet and the foundation for economic recovery is still weak. Continued cooperation among countries is needed to avoid twists and turns and reduce risks in the course of recovery, said Li."Second, we should promote more open market," Li said. The international community should firmly fight protectionist practices, translate commitments into real actions and continue to advance trade and investment liberalization and facilitation, he added."Third, we should promote balanced development of the world," said Li. Efforts should be made to strengthen South-South cooperation and North-South cooperation, improve international mechanisms to promote balanced development, scale up assistance to developing countries and realize the UN Millennium Development Goals on schedule so as to deliver the benefits of development to people in all countries."Fourth, we should jointly tackle major challenges. This is our urgent task if we want to ensure sound recovery and sustained development of the world economy," he said.The international community should coordinate actions to meet global challenges like climate change, energy security, food security, public health security and major natural disasters, he said."Fifth, we should improve the structure of global governance," Li said. It is universally recognized that there is a need to improve current structures and develop a more fair and efficient structure of global governance that reflects changes in the global political and economic landscape.The principle of equal participation and inclusive cooperation should be followed in improving global governance. It is imperative to raise the voice and representation of developing countries, said Li.Chinese Vice Premier Li Keqiang delivers a speech in the annual meeting of the World Economic Forum (WEF) in Davos, Switzerland, Jan. 28, 2010A country's right to choose its own development model should be respected, and the primary role of the United Nations and relevant agencies and the constructive role of the Group of 20 should be given a better play, he said.

BEIJING, Jan. 21 (Xinhua) -- China's yuan-denominated individual home mortgage lending rose 1.4 trillion yuan (204.98 billion U.S. dollars) in 2009, up 47.9 percent from the previous year, said a report issued by the People's Bank of China, the central bank, on Wednesday.The growth rate was 37.4 percentage points higher than the previous year, said the report on China's investment flow in 2009.Meanwhile, the yuan-denominated property development lending gained 576.4 billion yuan in 2009, up 30.7 percent year on year, and the growth rate was 20.4 percentage points more than the previous year, the report said.The total mid-term and long-term loans in foreign and domestic currency expanded 7.1 trillion yuan in 2009, up 43.5 percent from the previous year, and the growth rate was 23.4 percentage points more than the previous year.The short-term loans in foreign and domestic currency expanded 2.3 trillion yuan, up 758.5 billion yuan from the same period last year.Industrial mid-term and long-term loans in foreign and domestic currency added 1 trillion yuan among China's major financial institutions, up 26 percent from the previous year.Infrastructure mid-term and long-term loans in foreign and domestic currency expanded 2.5 trillion yuan, up 43 percent from the same period last year, according to the report.The central bank said on Jan. 15 that China's new yuan-denominated lending in 2009 hit a record 9.59 trillion yuan (1.4 trillion U.S. dollars), almost double that of the previous year.

BEIJING, Jan. 29 (Xinhua) -- Chinese Defense Minister Liang Guanglie Friday said the work of border and coastal defense must be enhanced for national interests.Defending China's sovereignty, territorial security and maritime interests should be a top mission of the country's border and coastal defense work, Liang said at a national meeting on border and coastal defense.The work of border and coastal defense should also contribute to improved relations with neighboring countries and social and economic development in border areas, he said.Senior Chinese leaders including President Hu Jintao (1st L, front), Premier Wen Jiabao (2nd L, front), Li Changchun (3rd L, front) and Zhou Yongkang (4th L, front) meet with delegates of a national meeting on border and coastal defense, in Beijing, China, Jan. 29, 2010.Senior Chinese leaders including President Hu Jintao, Premier Wen Jiabao, Li Changchun and Zhou Yongkang met with delegates and took photo with them before the meeting.The delegates included representatives of a national committee for border and coastal defense, military regions, border or coastal provinces, and border police authorities

BEIJING, Feb. 25 (Xinhua) -- China denied on Thursday that its economic and trade exchanges with the Democratic People's Republic of Korea (DPRK) has violated a United Nations (UN) resolution.At a regular press conference, Chinese Foreign Ministry spokesman Qin Gang was asked to comment on a report by Yonhap news of the Republic of Korea quoted by China Daily saying Pyongyang announced two islets adjacent to China's northernmost port city Dandong would be developed by Chinese enterprises as a free trade area."This project is purely normal economic and trade contact between the two countries. It does not go against the UN relevant resolution of sanction on the DPRK," he said.The UN Security Council last June adopted a resolution imposing tougher sanctions on the DPRK, including a tighter arms embargo and new financial restrictions, after the DPRK announced a successful nuclear test on May 25, the second since 2006.The resolution also underlined that "measures imposed by this resolution are not intended to have adverse humanitarian consequences for the civilian population of the DPRK." 

BEIJING, Feb. 25 (Xinhua) -- China defended its move to reduce its holdings of U.S. Treasury securities, saying the United States should take steps to promote confidence in U.S. dollar .Foreign Ministry spokesman Qin Gang made the comment Thursday when responding to questions on China's sale of U.S. Treasury securities last December.Qin said the issue should be viewed from two perspectives.He said on the one hand, China always followed the principle of "ensuring safety, liquidity and good value" in managing its foreign exchange reserve. And when it came to how much and when China buys the bonds, the decision should be made taking into account the market and China's need, so as to realize rational deployment of China's foreign exchange property, he said.And on the other hand, the United States should take concrete steps to beef up the international market's confidence in the U.S. dollar, Qin said.The way to view the issue was similar to doing business, he said.China trimmed its holdings of U.S. debt by 34.2 billion U.S. dollars in December 2009, leaving Japan the largest holder of U.S. Treasury securities, the U.S. Treasury Department reported on Feb. 16.As of the end of November last year, China held 789.6 billion U.S. dollars of U.S. Treasury bonds.