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BEIJING, Dec. 28 (Xinhua) -- Chinese Premier Wen Jiabao Monday asked auditors to keep a close eye on public investment projects to help avoid embezzlement and waste of public funds. Jerry-built projects and vanity projects should be strictly forbidden with the help of closer follow-up scrutiny of public funds, said the premier in a meeting with participants at a national auditing conference. The National Audit Office (NAO) statistics showed that altogether 234.7 billion yuan (34.51 billion U.S. dollars) of public funds have been misappropriated and 16.3 billion yuan wasted during the first 11 months this year. Chinese Premier Wen Jiabao (C, front), also a member of the Standing Committee of the Political Bureau of the Central Committee of the Communist Party of China, shakes hands with one of participants of the National Audit Work Conference and the Commendatory Convention for Outstanding Audit Units and Auditors, at the Great Hall of the People in Beijing, Dec. 28, 2009 Wen urged auditors to strengthen budget enforcement auditing in order to guarantee an open and transparent fiscal budget for governments at all levels. The premier said that auditing should shoulder the responsibility of safeguarding the country's economic security by detecting possible risks in economic operations. As for now, special attention should be paid to fiscal and financial risks, he said. He also called for giving full play to the role of auditing in the fight against corruption and severely cracking down on corruption. China carried out audit among more than 20,000 government officials including provincial level cadres and bosses of large state-owned enterprises this year. Cases involving 67 senior officials and 164 others were handed over to judicial authorities, said the NAO.
BEIJING, Jan. 10 (Xinhua) -- China's foreign trade in 2009 dropped 13.9 percent from a year earlier to 2.21 trillion U.S. dollars and its trade surplus last year slid 34.2 percent year on year to 196.1 billion U.S. dollars, according to figures released Sunday by the General Administration of Customs (GAC). In breakdown, China's exports in 2009 stood at 1.2 trillion U.S. dollars, down 16 percent from in 2008, and imports reached 1.01 trillion U.S. dollars, down 11.2 percent from a year earlier, said the GAC. In December 2009, monthly trade amounted to 243 billion U.S. dollars, which represented a year-on-year increase of 32.7 percent and a month-to-month rise of 16.7 percent. Last month, China's exports were worth 130.7 billion U.S. dollars, up 17.7 percent from a year earlier. December's imports hit record monthly high to reach 112.3 billion U.S. dollars, up 55.9 percent from the same period of 2008, according to the GAC.
PAPEETE, French Polynesia, Nov. 21 (Xinhua) -- China's top political advisor, Jia Qinglin, met with French High Commissioner of the Republic in French Polynesia Adolphe Colrat here on Friday. Jia, chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), arrived at the South Pacific island Friday afternoon for a technical stopover amid his four-state trip. Jia Qinglin(1st L), chairman of the National Committee of the Chinese People's Political Consultative Conference, is welcomed by French High Commissioner of the Republic in French Polynesia Adolphe Colrat (C) and French Polynesia President Oscar Temaru (1st R) upon his arrival in Papeete, capital of French Polynesia, Nov. 20, 2009. Jia Qinglin arrived at the South Pacific island Nov. 20 for a technical stopover on his way to Peru Recently, China-France relations have returned to the right track and showed a sound momentum of development, Jia told Colrat, who welcomed the top Chinese political advisor at the airport. Jia Qinglin (L), chairman of the National Committee of the Chinese People's Political Consultative Conference, is welcomed by representatives of overseas Chinese upon his arrival in Papeete, capital of French Polynesia, Nov. 20, 2009. Jia Qinglin arrived at the South Pacific island Nov. 20 for a technical stopover on his way to Peru. Chinese President Hu Jintao and French President Nicolas Sarkozy held a successful meeting in September on the sidelines of the U.N. General Assembly in New York, and French Prime Minister Francois Fillon is expected to visit China soon, Jia said. The two nations are facing new opportunities to further improve and develop their relations, he added. The Chinese government has attached great importance to its friendly relations with France, and will work with France to ensure that bilateral ties will develop along the right direction, he said. China is willing to make joint efforts with France to promote the long-term, steady and sound development of China-France all-round strategic partnership based on the principles that the two countries respect each other and treat each other on an equal footing, he added. Jia hailed the traditional link between China and the French Polynesia, pledging to keep close contact and expand cooperation in the fields of trade, tourism and aquaculture. Colrat, on his part, spoke highly of France-China relations, saying the solid and long-standing bilateral ties will continue to grow despite all difficulties and setbacks. He vowed to enhance cooperation with China, expand exchanges between the two peoples and push forward the bilateral ties. Jia flew here from
WASHINGTON, Nov. 4 (Xinhua) -- The United States requested the World Trade Organization (WTO) on Wednesday to establish a dispute settlement panel to rule on China's export restraints on raw materials. But Chinese officials insist that they are consistent with WTO rules. The materials at issue are: bauxite, coke, fluorspar, magnesium, manganese, silicon metal, silicon carbide, yellow phosphorus, and zinc, key inputs for numerous downstream products in the steel, aluminum, and chemical sectors across the globe. The Office of the United States Trade Representative (USTR) said in a statement that the raw materials are "critical to U.S. manufacturers and workers." The USTR also said that the European Union and Mexico are joining the United States in requesting the establishment of a WTO dispute settlement panel regarding this matter. The U.S. and the European Union requested formal consultations with China at the WTO on June 23, 2009, and Mexico filed its consultations request on August 21, 2009. "We believe the restraints at issue in this dispute significantly distort the international market and provide preferential conditions for Chinese industries that use these raw materials," said Debbie Mesloh, a USTR spokeswoman. "Working together with the European Union and Mexico, we tried to resolve this issue through consultations, but did not succeed. At this point, therefore, we need to move forward with the next step in the WTO dispute settlement process," Mesloh stated. "We remain open to working with China to find a mutually agreeable solution to our concerns." But the Chinese Ministry of Commerce defended China's export policies, saying they are consistent with WTO rules. The chief aim of China's export policies is to protect the environment and conserve natural resources, said an official with the Ministry of Commerce in June. China has been keeping communication and contact with the U.S. and the EU over China's policy on raw material exports, the official said, adding that China will properly deal with the consultation request in accordance with WTO dispute settlement procedures. According to the procedures, China, the U.S., the EU and Mexico have 60 days to try to resolve their dispute through consultations. If consultations fail, the U.S., the EU and Mexico could ask for a WTO panel to investigate and rule on this dispute.
BEIJING, Nov. 17 (Xinhua) -- China and the United States have agreed to continue dialogue and cooperation in macroeconomic and financial policies as the recovery of the global economy remains unsteady, Chinese President Hu Jintao told the press here on Tuesday after his talks with visiting U.S. President Barack Obama. Hu said he and President Obama exchanged views on the current global financial situation and held that given the positive signs of the recovering global economy, the foundation of it was far from solid. "We both agreed to properly handle trade frictions between the two countries through negotiations on an equal basis, and to make concerted efforts to boost bilateral trade and economic ties in a healthy and steady way," said Hu. "I stressed to President Obama that under the current situation, both China and the United States should oppose and resist protectionism in all forms in an even stronger stand," he said.