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BEIJING, Dec. 1 (Xinhua) -- China's manufacturing sector continued to grow for the ninth straight month in November, according to a survey by the China Federation of Logistics and Purchasing (CFLP) on Tuesday. The Purchasing Managers' Index (PMI) of China's manufacturing sector stood at 55.2 percent in November, unchanged from the previous month, the CFLP said. It was the ninth straight month that the PMI reading stayed above 50. A reading of above 50 suggests expansion, while one below 50 indicates contraction. The PMI includes a package of indices that measure economic performance. Zhang Liqun, a researcher with the Development Research Center of the State Council, said the unchanged PMI index from the month before might suggest a stable recovery of China's economy. He expected government investment would see gradual reduction, while investment from the private sector might increase. Exports would go up, but not in a drastic rise, he said. In November, new order index and output index both held steady from figures in the previous month at 58.4 percent and 59.4 percent, respectively, according to the CFLP. New export order index was 53.6 percent, down by 0.9 percentage points compared to November while purchasing price index rose by 6.5 percentage points to 63.4 percent. Only three out of the 20 surveyed sectors reported a PMI index reading below 50, which were paper making and printing, oil processing, and beverages making.
BEIJING, Oct. 19 (Xinhua) -- An Economic Cooperation Framework Agreement (ECFA) could make the Chinese mainland and Taiwan complement each other and achieve the best win-win results, Yao Jian, spokesman of the Ministry of Commerce (MOC), said here Monday. "The ECFA could enhance the well-being of the people across the Taiwan Straits," Yao said in a statement on the ministry's website. He added that with increasingly strengthened cross-Straits economic cooperation, the signing of the ECFA should be in line with the development of the cross-Straits relationship and the characteristics of the mainland-Taiwan economic and trade cooperation. The ECFA would help reduce trade barriers gradually and bring positive effects to the economies, trade and most industries across the Straits, according to a latest research report completed by the academy of international trade and economic cooperation under the MOC. Official figures revealed that the combined cross-Straits trade volume stood at 129.22 billion U.S. dollars in 2008.

BEIJING, Nov. 17 (Xinhua) -- Chinese President Hu Jintao said here on Tuesday that both China and the United States appreciated the major role of the G20 summit in coping with the global financial crisis. Speaking to the press after talks with visiting U.S. President Barack Obama, Hu said he and Obama spoke highly of the significant roles played by the G20 summit. "China and the United States would work together with all other members to fully carry out the commitments of all G20 summits and continuously strengthen the role of G20 in the management of the global economy, while pushing forward the international financial system reform and increasing the voices of developing countries on the global financial arena by ensuring that they are better represented," Hu said.
BUCHAREST, Oct. 20 (Xinhua) -- Chinese Vice President Xi Jinping said Tuesday that China values its ties with Romania and is willing to work with the Romanian people to enhance cooperation and cement friendship. Xi made the remarks when meeting with people from all walks of life in Romania, including parliament leaders, government officials, former ambassadors to China and others. The Chinese and the Romanian people enjoy profound friendship, Xi said. They have respected and supported each other and treated each other on an equal footing since the two countries established diplomatic ties 60 years ago. Visiting Chinese Vice President Xi Jinping (C) addresses a seminar marking the 60th anniversary of the establishment of the diplomatic ties between China and Romania, in Bucharest, capital of Romania, Oct. 20, 2009. He said the Chinese people will not forget the sympathy, support and assistance the Romanian people have offered to China in the early years of new China, in China's efforts to restore its legitimate seat in the United Nations, or other issues that bear on China's core interest and major concerns. Visiting Chinese Vice President Xi Jinping (C Back) addresses a seminar marking the 60th anniversary of the establishment of the diplomatic ties between China and Romania, in Bucharest, capital of Romania, Oct. 20, 2009 Xi cited the example of Romania's assistance last year when China was hit by a devastating earthquake and other natural disasters. Likewise, China has offered within its power, support and assistance to Romania when its people were in need, he added. Xi noted that China-Romania relations have set a good example of state-to-state relations. He attributed the sound development of bilateral ties to the unremitting efforts by people devoted to promoting friendly relation between the two countries. For his part, Adrian Nastase, Romanian vice president of Chamber of Deputies and former prime minister, said the Romanian people would not forget the precious help and support from China at different times. Maintaining friendly ties with China has been a priority for Romania's foreign policy no matter which party takes power, Nastase said, reiterating the country's willingness to make joint efforts with China and carry on their friendship from generation to generation. After hearing speeches by participants at the meeting, the Chinese vice president said the gathering was intended to show that the Chinese people cherish their friendship with Romanians and the Chinese government values its relations with Romania. China is ready to join hands with Romania to enhance their cooperation of mutual benefit and promote their traditional friendship, Xi said. He also encouraged the participants to contribute more to promoting China-Romania friendship so as to create a bright future for bilateral ties. Xi arrived here Sunday on an official visit to Romania, which was the last leg of his five-nation European tour.
BEIJING, Dec. 6 (Xinhua) -- China will, without any doubt, be able to achieve the 8 percent growth in gross domestic product (GDP) this year, a senior Chinese economist said Sunday. Yao Jingyuan, chief economist with the National Bureau of Statistics, made the remarks at a fortune forum in Beijing. However he warned that the Chinese economy will still face two major problems next year: slumping overseas market demand and weak driving force on domestic market. Chinese economy rose 7.7 percent in the first three quarters, driven mainly by investment and consumption, but brought down by exports, Yao said. He stressed more efforts should be made on structural adjustment to shift dependence on the industrial growth to the comprehensive development of the agricultural, industrial and service sectors. Yao highlighted the importance to raise people's incomes, add investment on livelihood projects and give full play to the role of consumption to boost economy. Meanwhile, China should turn its economic growth dependence from resources-intensive consumption to technology renovation, Yao said.
来源:资阳报