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MEXICO CITY, Feb. 11 (Xinhua) -- Chinese Vice President Xi Jinping left here Wednesday afternoon for Jamaica after wrapping up a three-day official visit to Mexico. During his visit, Xi held talks with Mexican President Felipe Calderon and met with Senate President Gustavo Enrique Madero Munoz and Cesar Duarte Jaquez, president of the Chamber of Deputies. Xi exchanged views with them on bilateral relations and international and regional issues of common concern. At a luncheon hosted by Chinese and Mexican entrepreneurs, Xi said fresh efforts were needed to further promote China-Mexico economic and trade cooperation amidst the current global financial crisis. Mexico is the first leg of the Chinese vice president's six-nation tour, which will also take him to Jamaica, Colombia, Venezuela, Brazil and Malta. On his way to Mexico, Xi made a transit stop in Nandi, Fiji, where he held talks with Fijian leaders on the cooperative partnership between China and the island country.
BEIJING, April 3 (Xinhua) -- After a mere four-and-a-half hours, world leaders at the G20 summit in London decided to devote about 1 trillion U.S. dollars to supporting world economic growth and trade, an outcome that surprised many analysts with its scale. But in that scant time, China had a chance to showcase its growing importance in the world economy. China said it would contribute 40 billion U.S. dollars to the International Monetary Fund's (IMF) increased financing capacity. That's only a small portion of the total, but it could take China's IMF voting rights from to 3.997 percent from 3.807 percent. China's new voting share would still far behind that of the United States, which is first with about 17 percent. However, since many countries' voting shares in the IMF are well under 1 percent, any incremental change gives a member just a little extra say in the workings of the multilateral organization. And so the potential change is a small step toward China's goal of having more influence on how the IMF, and the world financial system, operates. HIGHER FINANCIAL STATUS Economists said China's proposed contribution of 40 billion U.S. dollars was in line with its current development level and would mean a more influential voice for Beijing in international financial institutions and in shaping the world economic order. "China's promise of extra funding was a contribution to the world economy and showcased the country's clout," said Zhao Jinping, an economist with the State Council's (cabinet's) Development Research Center. Tang Min, deputy secretary general of the China Development Research Foundation, said the country's voting rights and quota of contributions to multilateral bodies still fell short of its status as the world's third-biggest economy. He said China would further step up its contributions, and influence, as its economic power grew and reforms of the international financial system went forward. Zhao said it was part of a long-term trend for developing countries like China to have more influence in decision-making at international financial institutions, noting that the "obsolete mechanism and structure of world financial organizations" failed to reflect an evolving world economy. British special G20 envoy Mark Malloch-Brown was quoted in the China Securities Journal on Thursday as saying that an overhaul of the world financial system should start with international financial institutions and reforming the IMF meant China's voice must be bigger. The G20 leaders' statement was a "positive signal" in that it gave a timetable for reforming the IMF and the World Bank, said Zhang Bin, an expert with the Institute of World Economics and Politics at the Chinese Academy of Social Sciences, a government think tank. Zhao said China's obligations to international financial institutions should reflect not just the country's size but also the fact that China is still a developing country. He urged China to expand its influence by actively joining multilateral or regional dialogues and offering more proposals on international issues. "It should be a step-by-step process for China to shoulder more responsibility. It can't be accomplished in just one move," said Zhao. LONG ROAD TO REFORM Be it "a turning point," as U.S. President Barack Obama stated, or "a new world order," as British Prime Minister Gordon Brown claimed, the G20 summit was a major step in reshaping the global financial system, but there was still far to go, Chinese economists said. "China should seek to expand its IMF quota and voting rights further after the summit. Although the statement give a timetable for reform, it remains unclear whether the goal can be achieved because that would affect the interests of the United States and the European Union," said Mei Xinyu, a researcher at China's Ministry of Commerce. The G20 statement reads in part: "We commit to implementing the package of IMF quota and voice reforms agreed in April 2009 and call on the IMF to complete the next review of quotas by January 2011." "On the one hand, China could count on the IMF restructuring, and on the other hand, it may start again somewhere else. For instance, it can push forward the establishment of the 120-billion-U.S.-dollar reserve pool agreed by several East Asian countries," Mei said. Leaders of the 10 members of the Association of Southeast Asian Nations plus China, Japan and the Republic of Korea agreed last month to speed up the creation of a foreign-exchange reserve pool of 120 billion U.S. dollars to address liquidity shortages. Mei described the pool as an "Asian Monetary Fund," saying it could partly replace the IMF in Asia and help increase use of the Chinese currency in international trade. Another government economist, Wang Xiaoguang, said the agreement served as a foundation for more concrete policies to tackle the global downturn and this would be good for global stability and China's own economic recovery. Wang added that it was unrealistic to change the global financial order immediately, because it would cause conflicts among major economies. "They will rework the current system rather than introduce a new one," he said. Zhuang Jian, an economist at the Asian Development Bank, said the biggest challenge was how to implement those commitments. China should closely monitor the implementation of the agreement and decide whether its short-term objectives could be realized. "China's appeals will be discussed after the summit," he said, referring to financial market reform and the position of emerging countries in the international financial system. "I think the country will have a bigger say in the global financial system. But the G20 summit is just a forum, and if the global economy worsens, the agreement might end up as nothing more than words," he said.
BEIJING, March 10 (Xinhua) -- Premier Wen Jiabao said here Tuesday China must deepen reforms and further open up as the country tackles economic woes. The policy of reform and opening up is the key choice that determines the future of China in the contemporary era and the country's powerful weapon in fighting the global financial crisis, said Wen when joining a panel discussion with lawmakers from the Inner Mongolia Autonomous Region. "The more difficulties we face, the more firmly we should stick to reforms and opening up," Wen told the lawmakers who are attending the annual session of the National People's Congress (NPC), the top legislative body. Chinese Premier Wen Jiabao (front R) joins a panel discussion with deputies to the Second Session of the 11th National People's Congress (NPC) from north China's Inner Mongolia Autonomous Region, in Beijing, capital of China, March 10, 2009. The country should improve its development model with the spirit of reform and innovation and forge its advantage in international economic cooperation and competition by adhering to opening up, said Wen. "Only by deepening reforms can we continuously perfect the socialist system and fully mobilize the enthusiasm and creativity of the people ... only by opening up can we learn from the achievements of human society and better tap the domestic and foreign markets and resources," he said. Other senior leaders stressed more efforts for people's well-being and economic development Tuesday. Changchun (front L), member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, joins a panel discussion with deputies to the Second Session of the 11th National People's Congress (NPC) from southwest China's Guangxi Zhuang Autonomous Region, in Beijing, capital of China, March 10, 2009.Li Changchun, member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, urged for a better "soft environment" for China's development including a clean and efficient government, a democratic and just judicial system, fair play in market competition, a safe and stable society, a comfortable and convenient life, a healthy and upright morality, a sustainable environment, and a social and cultural environment conducive for the growth of young people. The government should strengthen the management of the Internet, radio and TV broadcasts, the publication market and campus environment to curb the spreading of "decadent, backward and vulgar" culture among the youth, Li said when joining a panel discussion with lawmakers from the Guangxi Zhuang Autonomous Region. A deputy to the Second Session of the 11th National People's Congress (NPC) from southwest China's Yunnan Province presents an ornament to Li Keqiang (front, L), member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, in Beijing, capital of China, March 10, 2009. Li Keqiang joined a panel discussion with deputies to the Second Session of the 11th NPC from southwest China's Yunnan Province on TuesdayVice Premier Li Keqiang told NPC deputies from the southwestern border province of Yunnan that economic development and people's welfare concerns social stability. He urged local governments to spare no efforts in creating jobs, and improving low-income housing, rural infrastructure and ecological protection. He Guoqiang (front, C), member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, joins a panel discussion with deputies to the Second Session of the 11th National People's Congress (NPC) from south China's Hainan Province, in Beijing, capital of China, March 10, 2009When joining discussions with lawmakers from the southmost province of Hainan, He Guoqiang, secretary of the CPC Central Commission for Discipline Inspection, said the tropical island should give priority to planning and environmental protection in pursuing its goal of becoming a major international tourist destination. Zhou Yongkang (C), member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, joins a panel discussion with deputies to the Second Session of the 11th National People's Congress (NPC) from northwest China's Qinghai Province, in Beijing, capital of China, March 10, 2009Zhou Yongkang, member of the Standing Committee of the CPC Central Committee Political Bureau, underscored ecological protection, ethnic unity and social harmony when discussing with NPC deputies from the northwestern Qinghai Province. Qinghai must be more aggressive in developing environmentally-friendly industries, increase the revenues of farmers and herdsmen and improve education in ethnic minority areas, said Zhou.
BEIJING, March 27 (Xinhua) -- China's top political advisor Jia Qinglin Friday urged the Tibetan people to maintain stability and cherish prosperity achieved in the autonomous region ahead of Serfs Emancipation Day. Jia, chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), made those remarks at a meeting held here to commemorate the event which falls on Saturday. Jia appreciated the endeavors of people living in the Tibet Autonomous Region who have made great contributions to the social and economic development of the region. Jia Qinglin, chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), speaks at the symposium marking the 50th anniversary of serfs emancipation in Tibet held in Beijing, capital of China, on March 27, 2009The establishment of Serfs Emancipations Day is to make all Chinese people remember the historical event 50 years ago in which Tibetan people abolished the feudal serfdom system, Jia said. It will also remind Tibetan people of the nature of the ** Lama clique which has sought separation of the country, he said. Tibet's development has proved that only the democratic reform under the leadership of Communist Party of China could save the region and make it more prosperous, the official stressed. Jia Qinglin (R), chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), shakes hands with the 11th Panchen Lama Gyaincain Norbu during the symposium marking the 50th anniversary of serfs emancipation in Tibet held in Beijing, capital of China, on March 27, 2009Jia urged the Tibetan people to fully understand President Hu Jintao's keynote speech on Tibet during the top legislature's annual session and implement the Party's religious policies in the region. No matter what the ** Lama claims, it will not change the reality that Tibet was, is and will always be part of China, Jia said. It will not change the great achievement made by the Tibetan people in the past five decades and Chinese people's strong will to maintain the nation's unity, Jia said.
BEIJING, Feb. 19 (Xinhua) -- Chinese Vice Premier Zhang Dejiang Thursday urged the country's labor department to find employment for people this year. China is facing a daunting task to secure jobs for its workforce after more than 20 million migrant workers lost their jobs in the global financial crisis. To compound the problem, more than seven million college graduates will be looking for jobs this year. "We must ensure a stable employment situation this year, as employment is related to people's livelihood and the harmony and stability of the society," Zhang said at a working conference of the Ministry of Human Resources and Social Security. The country's urban unemployment rate increase 0.2 percentage points to 4.2 percent at the end of 2008, even though migrant workers are not included in that number. Zhang asked the ministry to adopt more active policies to find employment for people. Tax burdens of firms could be reduced, and preferential policies for social security coverage could be employed to help firms survive the crisis and keep jobs, Zhang said. More subsidies should be offered to organize vocational training in order to get people reemployed, and training should be made more relevant to different jobs, he added. The Vice Premier also said the government should step up building a social insurance system that covers both urban and rural residents, and continue to raise pensions for retired workers. China created new jobs for 11.13 million people last year, 11 percent more than the target of 10 million. The country also found jobs for five million laid-off workers and for 1.43 million who had difficulty in finding a job. The combined 6.43 million was again higher than the original target of five million.