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BEIJING, Sept. 5 (Xinhua) -- The Chinese economy is experiencing a "V" shape recovery and the growth rate may reach 8 percent both this year and next year, said Chinese economist Fan Gang said here Saturday.     Fan, a monetary policy adviser to China's central bank, said at the 2009 annual conference of CEO in Beijing, that the economy will see a sustainable recovery and will be back to normal in 2011,according to a report of the China News Service.     He predicted that the real estate investment will increase by around 30 percent in 2010, which will add one percentage point to economic growth.     Corporate investment is expected to grow prominently next year and as the global trade is warming up, Chinese export, which still enjoys the cost advantage, will recover.       "After the economy is back to normal in 2010, the government will adjust the macro-economic policy. But before that happens, the current stimulus policy should stay to sustain the recovery," he said.     Fan said people should adjust their expectation of economic growth and not regard recovery simply as a double-digit growth. A growth grate of 8 percent to 9 percent is sustainable growth.

NEW YORK, Sept. 22 (Xinhua) -- Chinese President Hu Jintao met his U.S. counterpart Barack Obama here on Tuesday to exchange views on bilateral ties and other important issues of common concern.     The Chinese president said at the start of their meeting that China-U.S. relations are now showing a sound momentum of development, and the two countries are developing a positive, cooperative and comprehensive relationship.     A sound China-U.S. relationship is not only in the interests of the two countries, but also conducive to peace, stability and prosperity in the Asia Pacific region and the world at large, Hu said. Chinese President Hu Jintao (R) meets his U.S. counterpart Barack Obama in New York, the United States, Sept. 22, 2009    Hu expressed the willingness to work with the U.S. side to deepen cooperation in various fields. He hoped both sides would properly handle problems in bilateral ties so as to push forward the relations.     Obama said he is committed to building a genuine, cooperative and comprehensive relationship between the two countries. He expressed the willingness to further advance the cooperative relations. Chinese President Hu Jintao (R) meets his U.S. counterpart Barack Obama in New York, the United States, Sept. 22, 2009. The two leaders were meeting on the sidelines of the UN climate change summit and other UN meetings. This has been their second meeting this year since April 1 when they met in London during a Group of 20 summit on the global financial crisis.     During their London meeting, Hu and Obama agreed to work together to build a positive, cooperative and comprehensive relationship in the 21st century.     Since Obama took office in January 2009, China-U.S. relations have achieved a smooth transition and maintained a positive momentum of growth.     The first China-U.S. Strategic and Economic Dialogue was held in Washington in late July, when the two countries pledged to intensify bilateral ties and expand cooperation on major international issues and shared global challenges.

NEW YORK, Aug. 31 (Xinhua) -- Oil prices plummeted to below 70 U.S. dollars a barrel on Monday as investors were rattled by the sharp decline in China's equities market.     Light, sweet crude for October delivery lost 2.78 dollars, or 3.8 percent, to settle at 69.96 dollars a barrel on the New York Mercantile Exchange. The contract fell to the intraday low of 69.13 dollars a barrel. Global stock markets dropped broadly after China's Shanghai Composite Index dived almost 7 percent, spurring concerns about the pace of world economic recovery.     Oil prices have found support from optimism that a potential turnaround in the economy could boost flagging fuel consumption, which sent the futures up to a fresh ten-month high of 75 dollars a barrel. However, oil failed to break the 75-dollar psychological barrier and fell back to around 70 dollars a barrel as investors were worried that the market might have gotten too far ahead of the economy.     In London, Brent Crude for October delivery tumbled 3.52 dollars, or 4.8 percent, to 69.27 dollars a barrel on the ICE Futures exchange.

BEIJING, July 28 (Xinhua) -- China will cut gasoline and diesel prices from Wednesday by 220 yuan (32.4 U.S. dollars) per ton, or by about 3 percent each, the National Development and Reform Commission (NDRC) announced Tuesday.     The retail price of gasoline will drop by about 0.16 yuan per liter, and that of diesel by about 0.19 yuan per liter, the commission said in a statement issued after a news briefing. A staff member works at a gas station in Hefei, capital of east China's Anhui Province, July 28, 2009The benchmark prices of gasoline would be reduced to 6,910 yuan per tonne, and that of diesel to 6,170 yuan per ton. The price cut was in response to recent falls in global crude prices, which had dropped to 63.97 U.S. dollars per barrel from 67.8 U.S. dollars on June 30, according to the statement.     Global crude prices, despite recent rebounds, experienced consecutive falls in the first half of this month, said the statement.     The NDRC is basing its adjustment of domestic fuel prices on three kinds of global crude prices, but the commission did not reveal the structure of the three prices.     On Monday, light, sweet crude for September delivery rose 33 cents to settle at 68.38 U.S. dollars a barrel on the New York Mercantile Exchange. London Brent for September delivery rose 50 cents to 70.82 dollars a barrel on the ICE Futures exchange.     It is the sixth fuel price adjustment since the country adopted a new fuel pricing mechanism, which took effect on Jan. 1.     The Chinese government has lowered retail fuel prices in December, before the new mechanism became effective, and again in January. It also raised prices once in March and twice last month.     Under the pricing mechanism, the NDRC would consider changing benchmark retail prices of oil products when the international crude price rises or falls by a daily average of 4 percent over 20 days.     The two price rises last month were slight, said the statement, in an effort to quell doubts over frequent price hikes.     The country's latest fuel price hike on Jan. 30 sparked widespread debate as consumers grumbled that the record domestic prices were even higher than in the United States.     However, according to the NDRC statement, post-rise prices on June 30 translated into about 60 U.S. dollars per barrel, which was 7.8 U.S. dollars lower than the international price that day.     On June 1, post-rise prices were equal to about 50 U.S. dollars a barrel, 7.6 U.S. dollars lower than the global crude price.     The NDRC raised pump prices of gasoline and diesel by 400 yuan per ton, or 7 percent and 8 percent, respectively, from June 1, and again by 600 yuan per tonne, or 9 and 10 percent, respectively, from June 30.     Such controlled rises were meant to ease the burden of downstream industries so as to help fuel a recovery in the economy, and also to cushion the negative effect of irrational rises in global crude prices, such as raises in investment of speculative capital, according to the statement.     The commission would continue to adjust domestic fuel prices "at an appropriate time", and take into account of changes in global crude prices, domestic economic situation, and demand and supply on the domestic market, said the statement. 

BEIJING, July 31 (Xinhua) -- In an unexceptional courtyard on the street behind Jingshan Hill in central Beijing, two Chinese pines stand side by side.     This was the residence of Zhuo Lin, widow of China's late leader Deng Xiaoping. On Wednesday, she passed away, aged 93. Deng was also 93 when he died 12 years ago.     To complete the last trip with her beloved husband, Zhuo chose to have her ashes scattered at sea as her husband's were. File photo shows Zhuo Lin (R) poses with her husband Deng Xiaoping in the Taihang Mountains, after they married in Yan'an. Zhuo Lin, a former consultant of the Central Military Commission General Office and widow of China's late leader Deng Xiaoping, died of illness at 12:30 p.m. July 29 after medical treatment failed in Beijing, at the age of 93    TOGETHER THROUGH LIFE     Born in southwestern Yunnan Province, she joined the Communist Party of China in 1938 and was a former consultant of the Central Military Commission General Office.     She met Deng in the revolutionary shrine Yan'an in 1939 and had accompanied him throughout his extraordinary life, from the Anti-Japanese War from late 1930s to the 1940s to his dark days of repression in the "Cultural Revolution" from 1966 to 1976. File photo shows Zhuo Lin (2nd R) reads a story for her grandson while her husband Deng Xiaoping (L) reads newspaper at their home in Beijing, after Deng retired. Zhuo Lin, a former consultant of the Central Military Commission General Office and widow of China's late leader Deng Xiaoping, died of illness at 12:30 p.m. July 29 after medical treatment failed in Beijing, at the age of 93.Deng Xianqun, Deng's younger sister, recalled how Deng and Zhuo used to have a tacit understanding between each other.     "My big brother didn't love talking, but my sister-in-law was just the opposite," she said.     According to their children, Zhuo had taken care of all the details of Deng's life, including what to wear and how many sleeping pills he should take.     In 1966, when the political storms swept Deng from power as Chinese vice premier, Zhuo was bewildered, wondering what had happened exactly and what the future would hold.     But she chose to trust him and be with him.     "I've been with him for so long that I'm certain he's an upright man," she told their daughter, Deng Nan.     In 1969, Deng was exiled to eastern Jiangxi Province to work on farms.     Deng Lin, their eldest daughter, said Zhuo often spoke of the days in Jiangxi when they dug the land, pulled weeds and spread manure.     "Mother mostly did easy work, like cooking, as she was not very healthy," Deng Lin said.

来源：资阳报