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BEIJING, Dec. 12 (Xinhua) -- China should take more forward looking and preemptive measures to fight inflation expectations following this year's credit boom and runaway property prices, said a report released by a leading Chinese bank. Bank loans should be extended at a more reasonable pace with improved structures next year and policy fine-tuning is necessary, the Bank of Communications has said in a report released by its financial research center. The government should maintain the continuity and stability of its monetary policy and meanwhile be more targeted and flexible, it said. The report noted an over brisk equity and property market are always prelude of inflation. Money flow should be regulated to prevent asset bubbles. It also suggested government increase supply of land resources and affordable housing and crack down on land enclosure to curb skyrocketing property prices which gained the most in 14 months in November. CPI, the main gauge of inflation, jumped 0.6 percent in November from a year ago, the first monthly growth since January, because of lower statistical bases and rising food prices. The producer price index (PPI), a major measure of inflation at the wholesale level, declined 2.1 percent in November from a year earlier. The report expected PPI to end monthly drop in December, and the annual CPI decline to narrow to 0.8 percent. Hyperinflation is unlikely and CPI is predicted to rise four percent next year, it said.
BEIJING, Dec. 22 (Xinhua) -- Chinese Vice President Xi Jinping's visits to Japan, South Korea, Myanmar and Cambodia consolidated friendly relations, enhanced mutual trust and promoted practical cooperation with the countries, the vice foreign minister said Tuesday. Xi was the first Chinese state leader to visit Japan since the new Japanese government led by Prime Minister Yukio Hatoyama took office in September, said Wu Dawei. Chinese Vice President Xi Jinping (L) shakes hands with Japanese Prime Minister Yukio Hatoyama in Tokyo, Japan, Dec. 14, 2009. Xi highlighted the great importance the Chinese government has attached to its ties with Japan, saying both sides should continue efforts to enhance the friendly links between the two countries. Xi called on both sides to work together to further the China-Japan strategic and mutually beneficial relationship in a bid to realize their peaceful co-existence and long-term friendliness. During the visit to Seoul, Xi said China and South Korea should strive to deepen their strategic and cooperative partnership under the new situation. Chinese Vice President Xi Jinping (1st, L) meets with South Korean President Lee Myung-bak (1st, R) in Seoul, the Republic of Korea (ROK), Dec. 17, 2009When meeting with leaders of Myanmar and Cambodia, Xi stressed that it has been a fixed policy of the Chinese government to develop relations with the two countries no matter how the world situation might change. Xi has focused his visits on efforts to push for a practical cooperation with the four Asian nations, as well as on more exchanges on low-carbon and high technology and circular economy. The vice president called for more cooperation between China and Japan in confronting the international financial crisis. Efforts also should be made to deepen their cooperation in new energy, new material and information technologies in bids to enhance the level of the China-Japan trade links, he said. Visiting Chinese Vice President Xi Jinping (L) meets with Than Shwe, chairman of Myanmar's State Peace and Development Council, in Nay Pyi Taw, Myanmar, Dec. 20, 2009.Noting Japan's advancement in environmental protection and technology, Xi said there exists a huge potential for the two countries to expand their cooperation in such areas. Japanese businessmen and officials hoped China's good economic momentum could last as the country is turning from a "world manufacturer" to "world market." China's development would bear on the Japanese economic recovery. Emphasizing the mutually beneficial relations between China and South Korea, South Korean businessmen expressed a readiness to deepen cooperation with China as it provides a huge market for South Korea's development. Visiting Chinese Vice President Xi Jinping (R) and Cambodian Prime Minister Hun Sen (L) review the guard of honor during a welcoming ceremony in Phnom Penh, Cambodia, Dec. 21, 2009. In meeting with the foreign leaders, the vice president elaborated on China's accomplishments over the past sixty years since the birth of the People's Republic of China. He also spoke of the difficulties facing China's economic and social development. Xi said China would follow the path of sustainable development under the guidance of the scientific outlook on development. Speaking of China's measures against the global financial crisis and its effects, Xi said China is willing to work with the international community to deal with the adverse impact of the crisis. The vice president said China will adhere to the policy of building friendship and partnerships with neighboring countries and continue its path of peaceful development. China's development serves as an opportunity instead of a threat, Xi said. China would keep on building a harmonious society domestically while committing to constructing a harmonious Asia and world. Promoting exchanges among various cultures is one of the most notable features of the vice president's visits. In Tokyo, he attended the opening ceremony of the China Culture Center. In addition, before the end of the visit, he inaugurated the first Confucius Institute in Cambodia. Tightly scheduled, Xi's four-nation tour was fruitful and influential, Wu concluded
JINGGANGSHAN, Jiangxi, Nov. 4 (Xinhua) -- A senior Chinese official has called on the country's police and other law enforcement organs to improve their capabilities to better serve the people and rely on the people to safeguard social harmony and stability. Zhou Yongkang, member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, made the remark at a meeting attended by police chiefs during his visit to Jinggangshan, where late Chairman Mao Zedong and other revolutionists established the CPC's first rural revolutionary base in 1927, in east China's Jiangxi Province. Law enforcement departments and police should handle public's complaints with earnest attitude, improve their credibility in law enforcement and rely on the masses of people to safeguard social harmony and stability, said Zhou, who also heads the CPC Central Political and Legislative Affairs Committee. He also called on the police officials to be innovative in their work and to strengthen the building of grassroots police organs. Zhou visited the Jinggangshan martyrs' memorial park to pay respect to more than 48,000 revolutionary martyrs buried there, late Chairman Mao's former residence and other revolutionary sites on Tuesday. Meng Jianzhu, Minister of Public Security who also attended the meeting, asked police departments at all levels to explore new methods for safeguarding national security and social stability.
ASHGABAT, Dec. 13 (Xinhua) -- Chinese President Hu Jintao met here on Sunday with Uzbek President Islam Karimov to exchange views on bilateral relations and other issues of common concern, and both leaders agreed to push forward bilateral ties. Hu is in Ashgabat, capital of Turkmenistan, for a working visit at the invitation of Turkmen President Gurbanguly Berdymukhamedov. As guests of Berdymukhamedov, Hu, Karimov and Kazakh President Nursultan Nazarbayev will attend a ceremony to inaugurate the China-Central Asia natural gas pipeline on Monday. Visiting Chinese President Hu Jintao (R) meets with Uzbek President Islam Karimov in Ashgabat, capital of Turkmenistan, on Dec. 13, 2009 In the meeting with his Uzbek counterpart, Hu said the relationship between China and Uzbekistan has been developing consistently and stably in an all-round manner. High-level contacts are frequent, political trust has been intensified and cooperative projects in many fields have yielded remarkable results. Both nations have been mutually supportive on issues concerning each other's core interests, and both have sustained communication and collaboration in international and regional affairs, Hu said. China has always attached great importance to developing its ties with Uzbekistan, which is seen as an important partner in central Asia, Hu said, and it is China's firm policy to safeguard and develop its relations with Uzbekistan. China is willing to work with Uzbekistan to further high-level exchanges, deepen practical cooperation, and ensure the sound and stable development of the friendly cooperative partnership, Hu said. On the gas transportation project, Hu said the Chinese side is ready to work together with Uzbekistan and to ensure a safe and smooth operation of the pipeline, and implement the agreements concerning the expansion of bilateral cooperation in gas and petrol fields. The 1,833-km China-Central Asia gas pipeline starts from the border between Turkmenistan and Uzbekistan, and runs through Uzbekistan and Kazakhstan before reaching northwest China's Xinjiang region. Visiting Chinese President Hu Jintao meets with Uzbek President Islam Karimov in Ashgabat, capital of Turkmenistan, on Dec. 13, 2009Hu also proposed that the two countries deepen cooperation in developing mineral resources and carry out the relevant documents signed by the two parties. The long-term, stable, practical and mutually beneficial trade relations shall be consolidated, he said. The Chinese leader said the role of the intergovernmental economic and trade cooperation commission shall be brought into full play and agreements reached at the eighth meeting of the Sino-Uzbekistan joint economic and trade commission shall also be substantiated. Hu pointed out that cooperation should be promoted particularly in the fields of economy and trade, transportation, telecommunication, light industry and agriculture. In terms of security, Hu said the Central-Asian region is confronted with grave security challenges. It is a common responsibility of all countries concerned, including China and Uzbekistan, to combat the "three forces" that engage in terrorism, separatism and extremism, and to safeguard the security and stability of the area, he said. China is willing to consolidate contacts and cooperation with Uzbek law enforcement authorities and security departments to safeguard the national and regional stability, he said. With the efforts of its member states, the Shanghai Cooperation Organization (SCO) has been striving to offset the negative impacts brought by changes in international and regional affairs. The entity has exerted an important role in promoting the stability of the Central Asian region and safeguarding the common interests of the member states, Hu said. As the rotating chair state of the SCO, Uzbekistan has actively coordinated the body's development and made a series of significant proposals, Hu said, and such efforts were highly valued and readily bolstered by the Chinese side. China is also obliged and ready to assist Uzbekistan in the hosting of the SCO summit next year, Hu said. Karimov, on his part, said the development of bilateral relations is not only conducive to the two countries, but is also of great significance to maintaining peace and stability in the Central Asian region. He said China is a most reliable and trust-worthy friend of Uzbekistan. Since the heads of state of the two countries met in Yekaterinburg in Russia earlier this year, bilateral practical cooperation have made substantial progress and entered a new era of development, and bilateral trade has grown rapidly, with a broad prospect of cooperation in the areas of natural gas, mining and cotton. Karimov said, in response to the worsening of the international financial crisis, the Chinese government has adopted a series of effective measures to resolve the difficulties faced by China's economy and played an important role in promoting the growth of the world economy. He said, against the backdrop of profound and complicated changes in today's world, Uzbekistan is ready to strengthen cooperation with China in various fields. He emphasized that Uzbekistan will adhere to the one-China policy and firmly support China's strike against the "three evil forces", "Taiwan independence" and "Tibet independence". Karimov appreciated the major and active role that China has played in handling major international issues. He thanked China for its support to Uzbekistan in becoming the chair nation of the SCO. He said Uzbekistan is ready to work with China to host a successful SCO summit in its capital of Teshkent next year. Hu arrived in Ashgabat Sunday morning and will leave for home Monday.
BEIJING, Dec. 28 (Xinhua) -- China's anti-graft chief He Guoqiang on Monday called on the discipline inspection agencies dispatched by the Central Commission for Discipline Inspection to make due contributions to the fight against corruption. The agencies should strengthen the supervision over the leaders of relevant units, further investigate the cases of dereliction, bribery and abuse of power and focus on cases leading to mass incidents and other serious ones, He, head of the commission, said in a meeting in Beijing. The CCDI agencies played an important role in China's great achievement in fighting against corruption in 2009, said He, a member of the Standing Committee of the Political Bureau of the CPC Central Committee. Despite the achievements, the unified management of the CCDI agencies is a new thing that need to be improved in practice, he said, urging the agencies to explore new ways in curbing corruption. He also called on the government organs to support the work of the agencies and help to solve the discipline inspectors' difficulties in life and work.