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PRAGUE, May 20 (Xinhua) -- Chinese Premier Wen Jiabao called for closer relations between China and the Czech Republic at meetings with Czech leaders on Wednesday. The Chinese government attaches great importance to its relationship with the Czech Republic and would like to push the ties to a new stage, Wen said in talks with Czech President Vaclav Klaus. Chinese Premier Wen Jiabao (L) meets with Czech President Vaclav Klaus in Prague, capital of Czech Republic, May 20, 2009Wen said the Czech Republic, together with other Central and Eastern European countries, is among the earliest nations that established diplomatic relations with China, and their bilateral relations have enjoyed a sound foundation. This year marks the 60th anniversary of the establishment of diplomatic relations between China and the Czech Republic. Wen said that in the past 60 years, friendship and cooperation have always been the main tone of bilateral ties despite profound changes in both countries and in the world at large. He said that in recent years, China and the Czech Republic have maintained high-level contacts, with bilateral economic and trade cooperation deepened and social and cultural exchanges expanded. Wen said China attaches great importance to its relations with the Czech Republic and is willing to take the 60th anniversary as an opportunity to enhance mutual political trust, expand trade and mutual investment, strengthen cooperation in science and environmental protection, promote non-governmental exchanges, and better coordinate in international affairs. Chinese Premier Wen Jiabao (2nd R) poses together with European Commission President Jose Manuel Barroso (1st R), Czech President Vaclav Klaus (2nd L), whose country holds the rotating EU presidency, and EU foreign policy chief Javier Solana at the 11th China-EU Summit in Prague, Czech Republic, May 20, 2009Klaus, who has visited China three times, said he was very impressed every time he visited China. The Czech Republic considers China an important partner and is willing to strengthen cooperation and exchanges with China in various fields, Klaus said. He expressed hopes that more Czech companies would invest in China. Wen met Klaus after attending the 11th China-EU summit held here earlier Wednesday. The Czech Republic holds the rotating EU presidency. Wen praised the efforts made by Klaus for the success of the summit and spoke highly of his contribution to bilateral relations. Chinese Premier Wen Jiabao (L, front) meets with Czech Prime Minister Jan Fischer (R, front) in Prague, capital of Czech Republic, May 20, 2009Also on Wednesday, the Chinese premier met Czech Prime Minister Jan Fisher. Wen said it is particularly important for China and the Czech Republic to work together amid the global financial crisis. The Chinese government is willing to expand trade with the Czech Republic and increase mutual investment and take concrete actions to promote trade balance, said the premier. China welcomes the efforts by Czech enterprises to further explore the Chinese market, Wen said, adding that the two sides can also try to jointly explore third-party markets. Both sides should create a sound environment for investment and cooperation between enterprises, Wen said. Fisher said the Czech Republic considers the 60th anniversary as a new milestone and would enhance political dialogue with China and reinforce cooperation in such sectors as trade, investment, tourism and culture. He also called for joint efforts with China to tackle the international financial crisis and push bilateral ties to a new high. Chinese Premier Wen Jiabao (L) shakes hands with European Commission President Jose Manuel Barroso (R) as Czech President Vaclav Klaus, whose country holds the rotating EU presidency, looks on at the 11th China-EU Summit in Prague, Czech Republic, May 20, 2009
BEIJING, May 13 (Xinhua) -- Chinese Vice President Xi Jinping on Wednesday called on officials to read more books and take reading and study as "life attitude, responsibility and spiritual pursuit." Xi told officials attending an opening ceremony of a seminar of the Party School of the Communist Party of China (CPC) Central Committee, "Books are carrying human knowledge and wisdom and are of vital importance to human advancement." As president of the Party School, Xi asked officials to read enlightening books so as to build the Party into an academic one. Xi, also member of the Standing Committee of the CPC Central Committee Political Bureau, said officials could gain inspiration, expand their mental outlook and improve their cultural attainment through reading, which could also enrich their working experience.
BEIJING, May 6 (Xinhua) -- China's central bank said Wednesday the economy is doing "better than expected" in the first quarter, and pledged to maintain "ample" liquidity in the financial system for economic recovery. China would stick to its moderately easy monetary policy and ensure "ample" liquidity at banks, the People's Bank of China (PBoC) said in its quarterly monetary policy report posted on its website. The country has pumped 4.58 trillion yuan (670 billion U.S. dollars) of new loans into the economy in the first quarter to stimulate growth. The figure is already nearing 5 trillion yuan of new loans targeted for the whole year. In March alone, new loans increased by a record 1.89 trillion yuan. The country's financial institutions and enterprises would digest the huge amount of new loans in the following months, the report said. Industry insiders have said credit extended by China's banks in April may have dropped to above 600 billion yuan after staying at above 1 trillion yuan for three straight months. The central bank said new lending from commercial banks focused on government-backed projects. It encourages more bank loans to be channeled to small and medium-sized enterprises as they play an important role in the national economy and in increasing employment. The central bank said in the first-quarter monetary policy report it would continue to instruct financial institutions to extend new loans, despite the earlier surge. The pick-up in bank lending is conducive to stabilize the financial market and boosting market confidence, PBoC said. Meanwhile, the bank urged lenders to improve credit quality to avoid a possible rebound in bad loans. There have been "positive changes" in the economy in the first quarter, the bank said, echoing remarks made by Premier Wen Jiabao last month. The quarter-on-quarter growth is improving, compared to the fourth quarter of last year, it said, without giving specific figures. China's economy expanded 6.1 percent in the first quarter, the lowest pace in 10 years and down from 9 percent in the fourth quarter last year. The central bank also said foundations for the recovery are not solid, as uncertainties in external economies still exist and private investment is yet to become active with new lending concentrated on government projects. In listing uncertainties ahead, the bank said the country still has to battle against the financial crisis that is unfolding and a collapse in external demand that is hurting exports. The country is also under great pressure to create enough jobs and from a slower growth in residents' income, which would suppress future consumption, it said. The bank also warned overcapacity and insufficient demand may drive prices lower in the country with the world economy in a downturn. But it also said continued falls in prices may become less likely along with the world recovery, a turnaround in the national economy and fast credit growth. "Prices of primary products and assets may rebound quickly once investor confidence is restored, as the global credit is relatively loose thanks to injection of liquidity and stimulus packages across the world," the bank said. The central bank also said it was concerned that the extraordinary monetary policy adopted by other major economies would result in inflation risks. It referred to the quantitative easing policy adopted by the U.S., Japan, Britain and Switzerland to pump cash into their economies. The quantitative easing policy meant increasing currency supply through purchasing mid- and long-term treasury bonds after central banks cut interests rates to near zero. The extraordinary monetary policy harbored huge risks for international financial markets and the global economy, said the central bank. It would increase the risk of global inflation, said the central bank, suggesting it would create new assets bubbles and inflation if central banks of major economies failed to mop up thehuge liquidity when the global economy recovered. "A policy mistake made by some major central banks would put the whole world in risk of inflation," it said. The quantitative easing policy would also make exchange rates of major currencies more volatile, according to the report. The central bank cited the U.S. move to purchase treasury bond in March as an example, saying although the dollar had appreciated against other major currencies, it fell after the purchase. PBoC said the policy would leave the bond markets subject to fluctuations. It said massive purchase of mid- and long-term treasury bonds may keep yield at a low level. But in the long run, as the financial markets returned to stability and the economy recovered, inflation expectations would grow, interest rates would rise, and bond prices would adjust sharply, according to the report.
MADRID, June 19 (Xinhua) -- Senior official of the Communist Party of China (CPC) He Guoqiang met with leaders of Spain's Popular Party (PP), a major opposition party in the country's parliament, and Spanish Communist Party (PCE) on Tuesday. While meeting with PP President Mariano Rajoy, He, member of the Standing Committee of the Political Bureau of the CPC Central Committee, said PP was an important political force in Spain and made positive contribution to the growth of China-Spain ties. He said China appreciated PP's efforts to building China-Spain comprehensive strategic partnership, which was established in 2005when Chinese president Hu Jintao visited Madrid. He, also secretary of the CPC's Central Commission for Discipline Inspection, said the CPC attached great importance to its exchange with the PP and would like to increase party-to-party contacts, enhance mutual understanding between the two peoples and promote a long-term and steady growth of bilateral ties. Saying China was a country with a promising future, Rajoy hailed his party's communication with the CPC as very helpful. Rajoy briefed He on the recent European Parliament election, which took place in early June in 27 member states of European Union (EU), and the latest development of the European integration. Rajoy also gave He an analysis of how the global financial crisis took a toll on Spain and the world. In return, He introduced the impact of the crisis on China's economy and finance as well as the country's responsive measures and their effects. In another meeting with PCE General Secretary Francisco Frutos, He said PEC played an important role in safeguarding Spain's political democracy, social progress and laborers' rights. He said PCE made unremitting efforts to exploring a socialist path that fits Spain's reality. He reviewed the long-standing friendly exchanges between the CPC and the PCE, which He said worked for the development of country-to-country ties. Citing the CPC's great importance on ties with the PCE, He said the CPC would like to deepen party-to-party friendly cooperation for the interests of both countries and their peoples. He said the CPC's pursuit of a socialism path with the Chinese characteristics was the foremost experience in the party's rule of country over the last six decades. Frutos said the PCE and the CPC had some ideals in common, thus their exchange of ideas and friendly cooperation would be significant for both parties' growth. China's anti-graft chief arrived in Madrid on Monday after concluding an Egypt tour. The fortnight visit will also take him to Jordan and Mongolia.
BEIJING, May 19 (Xinhua) -- China and Brazil issued a joint communique on Tuesday to boost their strategic partnership as Brazilian president visited Beijing. Chinese President Hu Jintao and his Brazilian counterpart Luiz Inacio Lula da Silva agreed that both countries have enjoyed fruitful cooperation since forging diplomatic ties 35 years ago, the communique said. They believed it is of great significance to further facilitate China-Brazil strategic partnership at the current stage. The two countries signed cooperative agreements in politics, law, science, space ,finance, port, energy and agricultural products, among others. Lula da Silva reiterated in the communique his country's adherence to the one-China policy and admitted that the People's Republic of China is the sole legal government of China and Taiwan is a part of China. President Hu highly appreciated that. Chinese President Hu Jintao (R) shakes hands with his Brazilian counterpart Luiz Inacio Lula da Silva after signing the joint communique at the Great Hall of the People in Beijing, capital of China, May 19, 2009. The two sides emphasized the important role of bilateral high-level coordination and cooperation committee in guiding the relations in all sectors. The two countries agreed to maintain high-level visits, and strengthen strategic blueprint on Sino-Brazilian ties through bilateral mechanisms such as strategic dialogue, political consultation between the two foreign ministries and parliamentary bodies. They agreed to hold their second strategic dialogue in the latter half of this year, the communique said. The two leaders decided to map out a joint action plan from 2010 to 2014, which would cover all the fields of existing bilateral cooperation. Chinese President Hu Jintao (3rd L) holds talks with his Brazilian counterpart Luiz Inacio Lula da Silva (3rd R) at the Great Hall of the People in Beijing, capital of China, May 19, 2009.They expressed their satisfaction over the enhanced bilateral economic and trade cooperation, and promised to further promote the diversified trade and growth of bilateral trade. Hu and Lula da Silva reiterated it is of great importance to maintain economic growth and strengthen bilateral trade amid the international financial crisis. They vow to promote cooperation and dispel obstruction in the fields of custom and quality control, to ensure safety and provide convenience to bilateral trade. Both sides encouraged relevant departments and enterprises to carry out investments in the fields of infrastructure construction, energy, mineral, agriculture, industry, and high-tech industries. According to the communique, the two sides are willing to strengthen dialogues on macro-economy policies within the mechanism of bilateral financial ministers' dialogue. The two countries agreed that science and technology played a strategic role in their economic development and competitiveness. They expressed their satisfaction over signing a science and technology and innovation cooperation plan. The two presidents agreed to increase space cooperation and continue joint work on satellite research. China and Brazil in 1988 launched an earth resources exploring satellite program known as CBERS, and three satellites have so far been launched. The information collected by the satellites was offered to other developing countries for free. The project was considered a technology cooperation model between the developing countries. The two sides also agreed to expand cooperation in education, culture, press, tourism and sports. China welcomes Brazil to set up a general consulate in Guangzhou, capital city of south China's Guangdong Province, the document said. Brazil will participate in the 2010 World Expo in Shanghai, and the president wished the World Expo a complete success, according to the communique. The two developing nations agreed to keep close contacts within the frameworks of the Group of Five(G5) and the BRIC (Brazil, Russia, India and China), and enhance coordination with other developing countries, to increase the participation and voices of developing countries in international affairs. Hu and Lula da Silva believe and the two countries have taken "important" measures to tackle the global economic downturn, and made positive contribution to maintain respective economic growth and global economic recovery, the communique said. Chinese Vice Premier Zhang Dejiang (4th R) and Brazilian President Luiz Inacio Lula da Silva (4th L) attend a seminar on the new opportunities of the China-Brazil strategic partnership, in Beijing, capital of China, May 19, 2009. A seminar on the new opportunities of the China-Brazil strategic partnership was held in Beijing May 19. The two presidents proposed deepening the ongoing reform of the International Monetary Fund and the World Bank, in a bid to increase representation and voice of the developing world. They also called on international financial organizations to offer more resource aid to developing countries hit more severely by the global slump, it said. Both sides underscored the significance of the G20 London Summit in fighting the global downturn, calling on the international community to implement the consensus reached during the summit and promote the international financial system reform. According to the communique, the two countries opposed protectionism as a means to survive the crisis. They expected to enhance coordination and cooperation within the World Trade Organization and promote an early conclusion of Doha Round negotiation. Hu accepted Lula da Silva's invitation for him to visit Brazil at a convenient time.