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SINGAPORE, Feb. 16 (Xinhua) -- Singapore's Senior Minister Goh Chok Tong said on Tuesday that China will become even more important globally and Singapore must find opportunities to ride on China's growth.Speaking at the Business China spring reception on Tuesday night, Goh said that China has over the past year weathered the global economic downturn with exceptional resilience.Despite shrinking external demand and rising unemployment, China's timely and bold policy responses have enabled its economy to grow at a sizzling 8.7 percent last year, he said, adding that China is now reinforcing its role as the engine for growth in Asia, if not the world.Goh said that the city state recognized China's potential early, soon after China began to open up its economy in 1978.Because of the early efforts made by the Singapore government and Singaporeans, China is today the city state's third largest trading partner and top investment destination, Goh said.As for riding on China's growth, Goh said that the Singapore government will help its companies gain an even stronger foothold in China, and continue to catalyze business opportunities in China.The seven provincial-level business councils, as well as other high-level dialogues and platforms, help open opportunities for companies, reinforce the Singapore brand name and increase its mindshare in China, Goh said.

BEIJING, Jan. 27 (Xinhua) -- Both output and sales values of China's machinery industry exceeded 10 trillion yuan (1.46 trillion U.S. dollars) last year, the China Machinery Industry Federation (CMIF) said here Wednesday.Output value reached 10.75 trillion yuan in 2009, up 16.07 percent from the year earlier. Sales value was 10.48 trillion yuan, up 16.11 percent,said Wang Ruixiang, the CMIF director.From January to November last year, the sector's profits reached 581.6 billion yuan, up 22.8 percent year on year.The auto sector was the "engine" that drove the overall growth of the industry last year, said Wang, adding nearly 30 percent of output value of the machinery industry was generated by automakers.Wang predicted the machinery sector would reach a 15 percent growth in output and sales values this year, with profits likely to grow 10 percent.
BEIJING, March 5 (Xinhua) -- Chinese President Hu Jintao on Friday called for efforts toward balanced, coordinated and sustainable development in the transformation of its economic growth pattern.Hu made the remarks when joining a panel discussion on Premier Wen Jiabao's government work report with deputies to the National People's Congress, the top legislature, from the eastern province of Jiangsu.Hu said efforts should be made to cultivate new pillar industries and industries with features and advantages, and achieve the coordinated development of the first, second and third industries.Chinese President Hu Jintao (C) talks with deputies to the Third Session of the 11th National People's Congress (NPC) from east China's Jiangsu Province, in Beijing, capital of China, March 5, 2010. Hu Jintao joined in the panel discussion of Jiangsu delegation in deliberating the government work report by Premier Wen Jiabao on the opening day of the Third Session of the 11th NPC.The country needed to develop more core and key technologies to support its transformation of the economic growth pattern and the economic restructuring, he told the lawmakers.He called for the establishment of a market-oriented technological innovation system, in which enterprises play the leading role and which combines the efforts of enterprises, learning and research institutes.He said higher education and research institutes should play a more important role in scientific and technological innovation.The President also stressed the coordination of industrialization, urbanization, and agricultural modernization, so that the agricultural sector could be boosted by the industrial sector, while the rural areas could benefit from the urban regions.He said authorities should facilitate balanced allocation of public resources and the free flow of production factors between urban and rural areas.Hu pointed out that China was currently facing both opportunities and challenges at the same time, but the opportunities outweighed challenges.He urged officials in the Jiangsu Province to push forward independent innovation, promote urban-rural integration of economic and social development, and deepen the reform and opening-up drive.
BEIJING, Feb. 11 (Xinhua) -- Senior Chinese leader Zhou Yongkang Thursday called for efforts to ensure the nation's sound development and stability, to ensure the safe operation of the economy.Zhou, a Standing Committee member of the Political Bureau of the Communist Party of China (CPC) Central Committee, made the remarks after hearing reports from government departments and major enterprises in the transportation and power supply sectors.He stressed the significance of the adjustment of the economic development mode, saying the adjustment would help improve the sectors' development quality and expand their space for development."Our country is still in a stage where conflicts are likely to arise," he said.He asked relevant authorities to handle conflicts and disputes properly, and to boost efforts to prevent them from taking root in the first place by balancing interests and relations between different groups of people.He also called for an "all-out" effort to ensure sound operation during the upcoming Spring Festival holiday and the two national sessions of the country's top legislative and advisory bodies.He asked relevant authorities and companies to guard against workplace and public security accidents, and to ensure supplies of coal, electricity, oil, and gas during the festive period.The Spring Festival, the Chinese lunar New Year begins Sunday this year and the holiday lasts for a week.The annual sessions of the country's legislative and advisory bodies, the National People's Congress (NPC) and the the Chinese People's Political Consultative Conference (CPPCC), to be held in March, are China's two most important political gatherings
来源:资阳报