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WASHINGTON, April 21 (Xinhua) -- Powered by strong domestic demand, China's economy is expected to grow by 10 percent in 2010, said the International Monetary Fund (IMF) on Wednesday."In China, GDP growth exceeded the government's 8 percent target in 2009 and is expected to be close to 10 percent in both 2010 and 2011. What has been so far mainly a publicly driven growth path, built on infrastructure investment, is expected to turn toward stronger private consumption and investment," said the IMF in its latest World Economic Outlook report."Boosting domestic consumption will be a priority in China, through improved access to finance for small enterprises and households and stronger corporate governance and social safety nets to reduce precautionary saving," said the IMF.According to the report, in which the IMF said Asia's GDP is projected to grow by 7 percent in both 2010 and 2011, the strength in final domestic demand in China is expected to have positive spillovers for other Asian economies, particularly exporters of commodities and capital goods.In the report, the IMF said "the global recovery has evolved better than expected, with activity recovering at varying speeds, tepidly in many advanced economies but solidly in most emerging and developing economies."The world economy, which declined by 0.6 percent in 2009, will recover gradually in 2010 and 2011, growing by 4.2 percent and 4.3 percent respectively, said the IMF.
GOTHENBURG, March 27 (Xinhua) -- Chinese Vice President Xi Jinping arrived in Gothenburg, the second largest city of Sweden, kicking off his four-day official visit to this Nordic country on Saturday.In a written speech delivered at the airport upon arrival, Xi said that there is a long history of friendly exchange between the peoples of China and Sweden although the two countries are geographically distant from each other.Since the two countries established diplomatic relations 60 years ago, the bilateral relationship has always been moving forward in spite of the tremendous changes in international situation, the Chinese vice president said. Chinese Vice President Xi Jinping is welcomed by representatives from local Chinese community as he arrives at the airport in Gothenburg, Sweden, on March 27, 2010. Particularly in recent years, mutual trust between China and Sweden has been enhanced, economic and trade cooperation has been fruitful and exchanges in every field have been getting closer as each day goes, Xi said.The two countries have also engaged in close contact and coordination on international forum, he said.Xi said that he anticipates to exchange views with Swedish leaders on future development of Sino-Swedish relations and issues of common concern and to discuss with Swedish people from all walks of life on further strengthening the traditional ties between the two countries, promoting mutually beneficial cooperation and joining hands to meet global challenges.Sweden is the last leg of Xi's current four-nation tour, which has already taken him to Russia, Belarus and Finland
BEIJING, April 3 (Xinhua) -- Chinese Premier Wen Jiabao on Saturday pledged to work with the Japanese government to promote the constant development of bilateral strategic and mutually beneficial relations."We should seize the opportunities to enhance coordination and cooperation and properly resolve relevant problems through bilateral, regional and international cooperation mechanisms," Wen said when meeting with Japanese Deputy Prime Minister and Finance Minister Naoto Kan.Wen said the world now faced a critical period of coping with the international financial crisis, and it was very important for the Asian economies to recover first. Chinese Premier Wen Jiabao (R) shakes hands with Japanese Deputy Prime Minister and Finance Minister Naoto Kan during their meeting in Beijing, capital of China, April 3, 2010Japan had advanced technology in energy-saving environmental protection, green economy, modern manufacturing and services, and China had a huge market demand, he noted.Wen hoped the companies from both sides would draw on their respective strengths, expand trade and mutual investment and promote new growth.
NANNING, May 11 (Xinhua) -- Chinese Vice President Xi Jinping has called for full preparations for possible flooding in Guangxi while urging the region to step up drought relief work.After suffering a severe drought that left more than 20 million people short of water since August last year, south China's Guangxi Zhuang Autonomous Region is embracing its flood season.A rain-triggered landslide has already killed three people, including a 5-year-old child, in the region, authorities announced Monday. Chinese Vice President Xi Jinping (C Front) talks to local residents in Baise, south China's Guangxi Zhuang Autonomous Region, May 10, 2010. Xi went to Baise and Nanning from May 9 to 11 for an investigation."We should step up the drought relief work, and at the same time make full preparations to prevent possible flooding in a bid to ensure the safety of local people," said Xi, also a Standing Committee member of the Political Bureau of the Communist Party of China (CPC) Central Committee.Xi made the remarks during his three-day visit to Guangxi from May 9 to 11.Visiting aluminum and pharmaceutical companies, Xi stressed independent technology innovation for local companies to make them more competitive.He also urged local authorities to take advantage of the region's geographical location of being a coastal area and adjacent to the ASEAN countries to expand markets.
Taipei, April 25 (Xinhua) -- Signing the cross-Strait economic and trade pact, ECFA, will benefit Taiwan, Taiwan leader Ma Ying-jeou said here Sunday in a television debate.Ma debated with the Democratic Progressive Party (DPP) Chairwoman Tsai Ing-wen during a two-hour televised debate over the economic cooperation framework agreement (ECFA), a free trade agreement the Taiwan authority intends to sign with the Chinese mainland.Taiwan urgently needs a trade pact with China to usher in a golden decade of economic boom, Ma said, accusing DPP of exaggerating the adverse effects of ECFA and manipulating public fear.Lee Tung-Hao, a professor with the National Chengchi University, said there are different voices over ECFA because of public misunderstanding of the pact, but the debate will help build consensus.The ECFA, a priority in cross-Strait relations, is aimed at institutionalizing economic cooperation between the mainland and Taiwan and facilitating and regularizing economic and trade exchanges.