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BEIJING, Jan. 3 (Xinhua) -- Chinese scholars and businessmen have hailed Hu Jintao's latest speech on Taiwan affairs, hoping that the mainland and Taiwan could have more communication and cooperation in 2009. On the new year's eve, General Secretary of the Communist Party of China Central Committee Hu Jintao made a speech at a ceremony to commemorate the 30th anniversary of the mainland's "Message to Compatriots in Taiwan", in which he made six proposals to promote the peaceful development of the cross-Straits relationship. Chinese President Hu Jintao addresses a ceremony commemorating the 30th anniversary of the announcement of Message to Compatriots in Taiwan, held in Beijing, capital of China, on Dec. 31, 2008. The Chinese mainland commemorated the 30th anniversary of the announcement of Message to Compatriots in Taiwan here Wednesday with a ceremony. Zhou Zhihuai, executive vice president of National Society on Taiwan Studies, said that Hu's speech has combined the "one country, two systems" policy and the practice in the development of cross-strait relations. "His remarks have made the path of peaceful reunification clearer and will be of historical significance in the progress of the cross-strait relations," he said. Hu Youqing, vice president of All-China Federation of Taiwan Compatriots, said the Hu's speech will certainly receive positive responses from Taiwan. "Hu's speech has answered some specific issues which people in Taiwan are mostly concerned about and proposed methods to promote the cross-strait relations with very a sincere attitude," Hu Youqing said. Wu Nengyuan, director of institute of Taiwan studies with Fujian Academy of Social Science, expressed faith that people living on both the mainland and Taiwan would cherish the opportunities in year of 2009 and build on the significant progress in cross-strait exchanges made in 2008. A famous artist Wang Chengxi suggested that the mainland and Taiwan should strengthen their ties by increasing communication inc ultural sectors since the common cultural background shared by both sides could more easily arouse spiritual attachment and sympathetic response. Wang Wei, director of archeological institute with the Chinese Academy of Social Science, said that Hu's speech would promote academic and cultural exchange between the mainland and Taiwan. "All compatriots should join hands to continue the Chinese civilizations that has lasted for more than 5,000 years." Kong Fanbing, a senior technical officer with the mainland-based Datang Telecom Technology Co. Ltd., said that Hu's speech will also benefit economic cooperation between the two sides. "It is predictable that mainland telecom cooperation with Taiwan is very likely to be included in cross-strait economic cooperation mechanism in the future," Kong said. "As a telecom professional, I look forward to the establishment of a mechanism to share technological resources between the mainland and Taiwan," he said.
BEIJING, Oct. 31 (Xinhua) -- China's decision to cut interest rates on Thursday is part of its flexible monetary policy to cope with the world financial crisis and boost domestic economy, a central bank spokesman said on Friday. Li Chao, spokesman of the People's Bank of China (PBOC) explained the government's cut in interest rates for the second time in one month. On Wednesday, the PBOC announced to cut interest rates by 0.27 percentage points as of Oct. 30 to spur economic growth. The benchmark one-year deposit rate dropped to 3.60 percent from 3.87percent, while the benchmark one-year lending rate fall from 6.93 percent to 6.66 percent. The previous cut was on Oct. 8, when the PBOC announced a lowering of deposit and lending rates by 0.27 percentage points and decided to cut the reserve-requirement ratio by 0.5 percentage points from Oct. 15. Li said the move was in response to a spreading and worsening world financial crisis. "The severe crisis was beyond most people's expectations." He said: "China's economy relies highly on external markets. It is very necessary for the country to adjust economic policy, including monetary policy, in a timely and flexible manner to reduce the negative impact to a minimum." "Recently, China's exports have weakened as a result of weak world demand. Domestic export-oriented enterprises, especially those coastal based companies, face difficulties," he added. The country's export value in the first three quarters was 1.07trillion dollars -- up 22.3 percent -- the growth rate was 4.8 percentage points lower, official figure showed. "Meanwhile, the nation's inflation pressure has been eased," he said, adding the latest interest rate cut aims at maintaining the energy of China's economic growth. China's gross domestic product (GDP) grew to 20.16 trillion yuan (2.96 trillion U.S. dollars) in the first three quarters of this year, up 9.9 percent from the same period of last year. The growth rate was 2.3 percentage points lower than the same period last year. Consumer price index (CPI), the main gauge of inflation, rose 4.6 percent in September over the same period last year, off from the 12-year high of 8.7 percent in February. When asked the reason why the government only reduced interest rates and left the reserve-requirement ratio unchanged in the latest move, Li said this is because liquidity of the country's bank is adequate. Li said to cope with the international financial crisis and maintain sound and relatively fast national economic growth, the central bank has removed mandatory restriction on the commercial banks' loan plan. He said that China has confidence that it can resist the world financial crisis, as the country has great potential in expanding its domestic demand, and the financial system is stable. He called for cooperation between countries worldwide to cope with the crisis, and to carry out international financial system reform

BEIJING, Nov. 2 (Xinhua) -- China's economy is in good shape despite the changing economic environment, and it will maintain stable and relatively fast growth, National Bureau of Statistics (NBS) chief Ma Jiantang told Xinhua on Sunday. "The fundamentals of China's economy remain unchanged despite the changing world economic environment," the new NBS director said. "We should be confident about the country's economic outlook." The world's fastest economic growth rate, successful commodity price controls, increasing foreign exchange reserves and good employment rates were the factors to support the economic fundamentals, said Ma. The consumer price index (CPI), the main gauge of inflation, eased to 4.6 percent in September from the same period last year. It hit a 12-year high of 8.7 percent in February. The country's gross domestic product (GDP) grew by 9.9 percent in the first three quarters, 2.3 percentage points down from the same period last year. The slowdown was a result of combined effects, including the global financial crisis, the world economic downturn and severe domestic natural disasters, Ma said. However, he said, "We should be confident about the country's economic outlook." The country had rich resource reserves, great market potential, vigorous enterprises and the government had strong macro-control abilities. The government had made a series of macro-economic policy adjustments against the changing economic environment, which would guarantee a steady and sound economic development, he said.
BEIJING, Nov. 4 -- China has set a timetable for its large aircraft plan, and the first homemade jumbo jet will take to the skies by no later than the start of the 13th Five-Year Plan Period (2015-20), a senior official said yesterday. This is the first time a timetable for the trunk liner project has been made public, since the Commercial Aircraft Corp of China Ltd was set up in May. The company is in charge of the large plane's assembly, marketing and after-sales service with an initial investment of 19 billion yuan (2.8 billion U.S. dollars). Miao Wei, vice-minister of industry and information technology, said at the China International Aviation & Aerospace Forum 2008 yesterday that China-made jumbo jets will be on the market between 2015 and 2020. "We will finish the concept design and research on key technologies before 2010, and have the first plane roll off the production line before 2014," he said. Even though the domestic passenger transport volume has been dropping recently amid the global economic slowdown, Miao said he had confidence in China's vast demand for new planes. "In the next 10 years, China will need at least 1,000 new planes," he said. The corporation is currently studying a feasibility plan for the large plane, Jin Zhuanglong, its general manager said yesterday. Some sub-projects have begun, and the large airplane's technology scheme and suppliers will be decided soon, he said. The corporation, which is also responsible for marketing the homemade regional jet ARJ21, will sign its first overseas order, worth about 0 million, with General Electric Co, at the seventh China International Aviation & Aerospace Exhibition, which opens today. GE's leasing unit will sign a contract for 25 ARJ21-700s, which raises the company's backlog to 208, Chen Jin, general manager for marketing and sales, said. Miao said the ARJ21-700 will enter service next year, while work on a 100-seat version, a business-jet model and a freighter will start next year. China has also received 136 orders for the MA 60, a propeller-driven commuter plane, Miao said. Xi'an Aircraft Industry Group Co, the maker of the plane, has already delivered 34, he said. "The next few years will be an important period for China's aviation industry," he said. The ministry will draft a mid-and-long-term plan for the aviation industry soon in order to coordinate the development of large planes, regional jets and helicopters, he said. Lunar ambitions Models of a soft-lander and a rover for the second phase of China's lunar exploration program will be displayed at the air show for the first time. Designed and made by China Aerospace Science and Technology Corporation (CAST), the soft-lander, weighing 3,800 kg on top of the launch vehicle, is likely to be launched in 2013, a corporation source said yesterday. The government has given the nod to the second phase of the lunar program to explore the surface of the moon, the corporation said.
BEIJING, Nov. 11 (Xinhua) -- China's top political advisor Jia Qinglin on Tuesday called for more efforts to consolidate and develop an equal, unified, cooperative and harmonious relationship among all ethnic groups. All ethnic groups were inseparable, he said at a meeting with a 49-strong delegation of minority role models and local leaders in Beijing. Authorities in minority areas should work to rebuild shared growth and prosperity, and implement policies on minority regional development. The delegation from southwest China is scheduled to visit Shanghai, and southern China after leaving Beijing. Jia Qinglin (R), chairman of the National Committee of the Chinese People's Political Consultative Conference(CPPCC), meets with members of a delegation of China's ethnic minorities in Beijing, China, Nov. 11, 2008
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