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BEIJING, July 23 (Xinhua) -- The Chinese government has made clear Thursday that it will continue its proactive fiscal policy in the second half of this year to maintain its economic growth as government leaders reiterated the stance, for there are still uncertainties ahead. Finance Minister Xie Xuren told local financial bureaus at a conference in Beijing on Thursday that the proactive policies, which included increased investment from the government, tax cuts and subsidies to low- income families, had taken effect in stimulating the recovery of the national economy. The Chinese economy expanded 7.9 percent from a year ago in the second quarter of this year, driven by a surge of fixed-asset investment backed by government fiscal policies. Finance Minister Xie Xuren was seen in this file photo taken on March 6, 2008 The economic growth rate accelerated from the 6.1 percent in the first quarter of this year and the 6.8 percent in the fourth quarter of last year. To weather the global economic recession, the Chinese government unveiled a four-trillion-yuan stimulus package in November to revive the world's third largest economy, which was slowed by tumbling exports. The central government promised a 1.18trillion yuan investment. By the end of June, 591.5 billion yuan (86.6 billion U.S. dollars) out of the total investment from the central government had been allocated, which boosted a 33.5 percent jump of fixed-asset investment in the first half of this year. It was the highest level in the last five years. The ministry's decision came as Chinese leaders vowed to continue the current policies. Chinese President Hu Jintao said Thursday that China should adhere to its proactive fiscal policy and moderately easy monetary policy to ensure a stable economic growth as the recovery is not yet solid. Premier Wen Jiabao has reiterated that the economy is in a crucial phase and rebounding. He pledged to maintain the current macroeconomic policies and fully implement its four-trillion yuan stimulus package. Xie said the government will implement the fiscal policy "at full swing" in the second half of this year and speed up allocation of investment from government, which, Xie hoped, would stimulate private investment. Yang Zhiyong, researcher of the Institute of Finance and Trade Economics at the Chinese Academy of Social Sciences, a government think tank, said that currently the proactive fiscal policy had a limited impact on pushing up private investment. It is hard for private investment to enter monopolistic sectors, he added. Li Yining, an economist from the Peking University, said consumption should be spurred to fuel the growth momentum in the future as the current economic recovery was advanced mainly by investment. He suggested the proactive policy be further carried out to stimulate consumption and private investment in the following period. Xie said in the second half the ministry will continue its policy of tax cuts to increase investment from enterprises and consumption. The ministry also pledged to increase spending on people's livelihood. Investment in agriculture, social security, medical care, education, science and environmental protection climbed 33.9percent from a year earlier to 1.48 trillion yuan, according the ministry. Analysts said the macroeconomic polices should also aim to adjust economic structure for the long term and to create new growth points. Jia Kang, president of the Institute of Fiscal Science, Ministry of Finance, said the government resolves to step up adjustment of economic structure as the economy is back on track for recovery. Xie said the fiscal policy in the second will support innovation and energy conservation and emission reduction to sustain the economic growth. On July 21, the ministry started a pilot program to subsidize 50 percent of investment for solar power projects, a move to boost the solar industry as a new growth point for the country's economy. Xie also urged to strengthen supervision over fiscal management and improve information transparency in the second half as fiscal expenditure in the second half faced great pressure. Wen Jiabao also described the country's fiscal situation as "severe." The ministry said the country's fiscal revenue in the first six months fell 2.4 percent from a year ago to about 3.4 trillion yuan, while its fiscal expenditure rose 26.3 percent to 2.89 trillion yuan.
BEIJING, Aug. 14 (Xinhua) -- China honored Friday 49 outstanding civil servants and 31 groups from across the country that the government said had "satisfied people." "'To satisfy people' are such simple words, but it's far from that simple to actually put it into practice. It requires civil servants to do their work diligently with love for the people," said Premier Wen Jiabao at the awarding ceremony in Beijing. Wen hoped all civil servants across the country would learn from the models, work industriously and fulfill their jobs in accordance with laws and government policies. Chinese Premier Wen Jiabao (L, front) shakes hands with a representative attending the awarding ceremony of outstanding civil servants and groups, in Beijing, capital of China, Aug. 14, 2009. China honored Friday 49 outstanding civil servants and 31 groups from across the country that the government said had "satisfied people." He urged all civil servants to stand against corruption and enhance their professional knowledge to better serve the people. Li Changchun and Xi Jinping, both members of the Standing Committee of the Communist Party of China Central Committee Political Bureau, also attended the ceremony. Chinese Premier Wen Jiabao (C, front), Li Changchun (R, front), member of the Standing Committee of the Political Bureau of the Central Committee of the Communist Party of China, and Chinese Vice President Xi Jinping (L, front) pose a group photo with representatives attending the awarding ceremony of outstanding civil servants and groups, in Beijing, capital of China, Aug. 14, 2009

BUDAPEST, Oct. 16 (Xinhua) -- Visiting Chinese Vice President Xi Jinping met here Friday with Hungarian President Solyom Laszlo, and put forward a four-point proposal to help further bilateral relations. The Chinese vice-president proposed to maintain high-level contacts aimed at cementing friendship, to enhance economic cooperation and investment aimed at balancing trade, to improve personnel exchanges aimed at furthering understanding, and to join hands in promoting a healthy development of China-European Union relations. Hungarian President Solyom Laszlo (R) meets with visiting Chinese Vice President Xi Jinping in Budapest, capital of Hungary, Oct. 16, 2009 "No matter what changes have taken place in the international arena or in the two countries, China-Hungary relations will develop steadily," Xi said during his talks with Solyom Laszlo. The Chinese vice-president recalled that China and Hungary had deepened political trust, increased trade and mutual investment, and enhanced cultural exchanges in recent years, with a highlight being Chinese President Hu Jintao's visit to Hungary in 2004. Hungarian President Solyom Laszlo (4th R) holds talks with visiting Chinese Vice President Xi Jinping (2nd L) in Budapest, capital of Hungary, Oct. 16, 2009"Experience shows that, as long as the two countries maintain mutual respect, equality and mutual benefit and non-interference in each other's internal affairs, cooperation in all areas will be cemented," Xi added. The Hungarian president said his country would promote cooperation with China on trade, culture, education and environmental protection. Hungary would also play a positive role in improving China-EU relations, he added.
WASHINGTON, Sept. 9 (Xinhua) -- Visiting top Chinese legislator Wu Bangguo met U.S. House of Representatives Speaker Nancy Pelosi on Wednesday to exchange views on bilateral ties as well as international and regional issues of common concern. Speaking to reporters before their talks, Wu, chairman of the Standing Committee of China's National People's Congress, said he was pleased to visit the United States at the invitation of Speaker Pelosi, noting that the visit was the first by a top Chinese legislator over the past 20 years. "The purpose of my visit is intended to promote further growth of China-U.S. relations," Wu said, describing the relationship as one of the most important, dynamic and promising bilateral ties in the world. He expressed the belief that his U.S. trip will inject new impetus to the growth of China-U.S. relations. Wu Bangguo (3rd L), chairman of the Standing Committee of China's National People's Congress, and U.S. House of Representatives Speaker Nancy Pelosi (2nd L) look at a Chinese painting which Wu presents to Pelosi, before their meeting in Washington, the United States, Sept. 9, 2009Pelosi, for her part, recalled her visit to China in May. "When I was in China, I had the opportunity to see so much China has done to address global climate change. It's an important issue of our visit." "Clearly we can learn a great deal from what China has done. Hopefully, we can learn from each other," she said. On the occasion of Chairman Wu's visit, she said, both sides will discuss climate change as well as other issues, such as the global economic crisis. Pelosi said it is important for China and the United States to come to some kind of understanding on the subject of climate change. "Our countries are great, significant and large, their decisions would affect the whole world," the speaker said. "The U.S.-China relationship is very important one, economically, politically, culturally and environmentally, to both our countries and to the world," she added. Apart from Pelosi, Wu is also expected to meet U.S. President Barack Obama, Vice President Joe Biden and Secretary of State Hillary Clinton during his stay in Washington. Wu is here on a week-long official goodwill visit to the United States, the final leg of his three-nation America tour which also took him to Cuba and the Bahamas. Wu Bangguo (2nd R), chairman of the Standing Committee of China's National People's Congress, talks with U.S. House of Representatives Speaker Nancy Pelosi (1st L) in Washington, the United States, Sept. 9, 2009
HARBIN, Aug. 10 (Xinhua) -- Chinese Vice Premier Li Keqiang said over the weekend that the rebuilding of shanty towns which have long-housed low-income workers is an important part of the country's effort to improve people's livelihood. Li made the comment at a working conference to address the rebuilding of shacks in cities and at compounds of large state-owned mining enterprises held in Harbin, capital of northeast China's Heilongjiang Province, on Saturday. Such shanty towns are shabby residential areas that were built when the country started to industrialize its economy, and people living there are more often low-income wage earners in factories. These people are either living in a space that is less than 10 square meters for each, or in apartments that have no tap water or sewers, or even toilets or kitchens. Chinese Vice Premier Li Keqiang (C) addresses a meeting on the rebuiding of cities and hut zones, in Harbin, capital of northeast China's Heilongjiang ProvinceChina is aiming to offer proper housing for 7.5 million low-income urban households and 2.4 million households living in shanty towns of coal mines, reclamation areas, and forest zones in three years, Premier Wen Jiabao said in March. There are another 1.14 million living in shabby apartments at compounds of state-owned mining enterprises, which are not included in the planning of cities, according to the conference. Li urged to integrate the rebuilding of such shanty towns with the low-income housing project, initiated by the Chinese government to build affordable houses for low-income urban residents. He also asked planners to build homes at different price levels in a region so as to avoid the concentration of poor population in a certain neighborhood. Li stressed that the government should dominate the project of rehousing low-income workers, but it could invite funding from outside the government. He said the government should secure land supplies for such projects and materialize tax supports. The central government pledged to allocate 49.3 billion yuan (7.25 billion U.S. dollars) from the central budget to finance such housing projects in 2009 alone.
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