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BEIJING, March 7 (Xinhua) -- Chinese President Hu Jintao said here Saturday that the current international financial crisis, despite its severe impact on China's economy, also means an opportunity for the country.     China should take the opportunity to change its development pattern and realize structural adjustment so as to maintain a steady and relatively fast economic growth, Hu said when joining a panel discussion with deputies of the National People's Congress (NPC) from south China's Guangdong Province.     "Challenge and opportunity always come together. Under certain conditions, one could be transformed into the other," Hu said. Chinese President Hu Jintao (front, 2nd R) talks to female deputies during the panel discussion of deputies to the Second Session of the 11th National People's Congress (NPC) from south China’s Guangdong Province as International Women's Day is coming, in Beijing, capital of China, March 7, 2009    Hu said China should make full use of its advantages to break the bottlenecks of development. He also called for efforts to promptly and creatively implement the policies and plans of the central government to create conditions for solid and rapid development in the future. Wu Bangguo (front L), member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee and also chairman of the Standing Committee of the National People's Congress (NPC), attends the panel discussion of deputies to the Second Session of the 11th NPC from east China's Shandong Province, in Beijing, capital of China, March 7, 2009In a panel discussion with NPC deputies from Shandong Province, top legislator Wu Bangguo said to maintain economic growth is China's top priority now, and efforts should be made to boost domestic consumption so as to secure this year's economic development targets.     In face of impacts of global financial crisis, China should seek both a temporary solution and a permanent cure, and make efforts to upgrade its industry and improve competitiveness of Chinese enterprises, said Wu, chairman of the NPC Standing Committee. Chinese Premier Wen Jiabao (2nd R) attends the panel discussion of deputies to the Second Session of the 11th National People's Congress (NPC) from central China's Hubei Province, in Beijing, capital of China, March 7, 2009Premier Wen Jiabao said maintaining steady and relatively fast economic development amid the global financial crisis should be the focus of local governments.     The task can affect the overall development of the national economy and society, the people's interests, and the long-term development of the country's modernization drive, said Wen when joining NPC deputies from the central Hubei Province.     Governments at all levels should incorporate improving people's well-being into the efforts on maintaining economic growth to benefit the people and promote harmony and stability of society, Wen said.     He also urged local governments to take the opportunity to enhance their capabilities in dealing with complicated situations, keeping close contact with the public and implementing policies.     Governments should also improve their credibility among the people, Wen said. Jia Qinglin (front R), member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee and also chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), meets with members of the 11th National Committee of the CPPCC from the Communist Youth League of China, the All-China Youth Federation, the All-China Federation of Trade Unions and All-China Women's Federation, in Beijing, capital of China, March 7, 2009Top political advisor Jia Qinglin attended a joint panel discussion with political advisors from circles of trade unions, the youth league, and women's federations.     These social groups should "take initiative to resolve disputes, address depression of the public, and safeguard the rights of the employees, young people and women," he said.     Jia, chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), also called on them to help those with difficulties to find jobs. Li Changchun (front L), member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, attends the panel discussion of deputies to the Second Session of the 11th National People's Congress (NPC) from northwest China's Ningxia Hui Autonomous Region, in Beijing, capital of China, March 7, 2009.Li Changchun, member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, said publicity work should serve the overall objectives of ensuring economic growth, people's well-being and social stability.     During the discussion with lawmakers from northwest Ningxia Hui Autonomous Region, he called on media and cultural workers to provide "spiritual" support for economic growth amid global downturn. Chinese Vice President Xi Jinping (front L), who is also a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, attends the panel discussion of deputies to the Second Session of the 11th National People's Congress (NPC) from south China's Hong Kong Special Administrative Region, in Beijing, capital of China, March 7, 2009Vice President Xi Jinping joined panel discussions with lawmakers from Hong Kong and Macao respectively.     Xi said the governments of both Hong Kong and Macao special administrative regions (SAR) have taken prompt and effective measures to counter the impact of global financial crisis.     He said lawmakers from Hong Kong and Macao have played a positive role in the country's political affairs since China resumed the exercise of sovereignty over the two regions in 1997 and 1999 respectively.     Xi called on the lawmakers to fully exercise their functions and powers with focus on the country's measures of maintaining economic growth and social stability. Li Keqiang (front, 2nd R), member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, attends the panel discussion of deputies to the Second Session of the 11th National People's Congress (NPC) from northwest China's Xinjiang Uygur Autonomous Region, in Beijing, capital of China, March 7, 2009In a panel discussion with NPC deputies from the northwestern Xinjiang Uygur Autonomous Region, Vice Premier Li Keqiang said China can enjoy large room for economic manoeuvre due to its vast territory and the high mutual complementarity in economy between different regions.     "We should turn challenges into opportunities, boost the development of the western region, make full use of advantages (of different regions), tap the market, speed up industrial restructuring, and cultivate new economic growth areas so as to keep a steady and relatively fast economic growth," Li said.     He said Xinjiang enjoys a particularly important strategic status for the country's development and stability. Efforts should be made to secure Xinjiang's stable and prosperous development, enrich people and safeguard the frontiers and strengthen national unity and social stability, he said. He Guoqiang (front R), member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, attends the panel discussion of deputies to the Second Session of the 11th National People's Congress (NPC) from north China's Hebei Province, in Beijing, capital of China, March 7, 2009.He Guoqiang, secretary of the Communist Party of China (CPC) Central Commission for Discipline Inspection, called on officials to improve their work style in face of economic difficulties.     "We must enhance education on the officials, improve existing regulations, and step up supervision to ensure steady and relatively fast economic development," He, also member of the CPC Central Committee's Political Bureau Standing Committee, told NPC deputies from northern Hebei Province. Zhou Yongkang (front R), member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, attends the panel discussion of deputies to the Second Session of the 11th National People's Congress (NPC) from Tianjin Municipality, in Beijing, capital of China, March 7, 2009. When joining lawmakers from the northern Tianjin Municipality, Zhou Yongkang, member of the Standing Committee of the CPC Central Committee's Political Bureau, underlined the adherence to scientific decision-making approach.     He also urged officials to focus their efforts on solving issues concerning people's well-being to sustain stability and promote social harmony.

LHASA/BEIJING, March 28 (Xinhua) -- The first Serfs Emancipation Day was celebrated across Tibet Autonomous Region on Saturday, while people from elsewhere in China expressed their wishes to the Tibetans. 　　CELEBRATION ACROSS TIBET     In Lhasa, readers of the broadsheet Tibet Daily and Tibet Economic Daily found that Saturday's edition of both newspapers became thicker--special issues were published to introduce the changes since democratic reform in 1959.     In the Ngaqen village, fully attired Tibetans gathered in the village club to watch the televised grand celebration held on the square in front of the Potala Palace about 30 kilometers away in the seat of Lhasa.     Tsamjo, 66, who lived in a two-story building, said her life was better than "the landlord in the past".     She had worked as a serf for seven years before the democratic reform. "At that time, our plot of land was smaller than a palm, and our room was as big as the nose of a cow," she said.     After the ceremony, villagers performed traditional Tibetan dances and held a contest of tug-of-war. Tibetan people in traditional dress celebrate the first Serfs Emancipation Day at home in Qamdo, southwest China's Tibet Autonomous Region, March 28, 2009In the Tashigang village of Dagze county, more than 1,000 people enjoyed their own party.     "We have prepared for about a month for the party on our own holiday," 19-year-old Degyi said while doing the makeup.     As a young girl, she admitted that she had little knowledge about the past. "But I feel sad whenever listening to my grandparents telling the stories," she said.     In the Qamdo prefecture in east Tibet, slogans written on red scrolls hailing the Serfs Emancipation Day could be seen on major roads, where sellers in vegetable markets were waiting for their customers, monks in monasteries were chanting sutras and street vendors were soliciting business. Life was as peaceful as ordinary days. In the Tianjin square, dozens of passers-by stopped to watch performances for the holiday.     In Beijing, Serfs Emancipation Day became the hottest topic among students in the Tibet Middle School. Many students hummed the old song "Freed serfs sing in happiness".     "My grandparents were both serfs," said an eleventh-grader Dawa Dorje. A Tibetan man in traditional dress plugs the national flag on the roof of his house during the celebration of the first Serfs Emancipation Day at home in Qamdo, southwest China's Tibet Autonomous Region, March 28, 2009 "They told me that they tied stones to their feet as shoes, and my granny became blind because she had no money to cure her eye illness," she said.     Currently there are 810 Tibetan students in the school, whose accommodation, clothes, health care were all funded by the government.     Main celebration for the holiday was held on the square in front of the Potala Palace in Lhasa, capital city of Tibet, at 10 a.m.     The gathering was presided over in both Tibetan and Mandarin by Qiangba Puncog, chairman of the regional government of Tibet, who was dressed in a traditional Tibetan robe. It was attended by about 13,280 people.     After the national flag was hoisted against the backdrop of the grand Potala Palace and snow-capped mountains in the distance, representatives of former serfs, soldiers from the People's Liberation Army (PLA) and students delivered speeches.     Tibet's Communist Party chief Zhang Qingli was the last to speak.     "Burying feudal serfdom and liberating the one million serfs in Tibet was a natural development in history ... a milestone in the worldwide campaign to abolish slavery, a sign of progress in human rights," he said.     "Tibet belongs to China, not the a few separatists or the international forces against China. Any conspiracy attempting to separate the region from China is doomed to failure. The sky in Tibet will forever be blue, and the national flag will flutter high," he noted.     The ceremony lasted for more than an hour.     REMEMBERING THE PAST     As usual, foreign "critics" jumped up before the Serfs Emancipation Day, saying China exaggerated the cruelty of traditional Tibetan life to disguise a power grab, and that "serfdom" is too loaded to describe the Tibetan system.     But 73-year-old Baya in Qamdo, who was born to be a Tralpa, or a kind of serf whose life was better among all, said she would never return to the old society. Tibetan people in traditional dress celebrate the first Serfs Emancipation Day at home in Qamdo, southwest China's Tibet Autonomous Region, March 28, 2009 "I began to graze cattle when I was nine years old," she said. "There were many wolves in the pasturing area, and the aristocrats always asked us to deliver messages in midnight."     "We were afraid of the ghost, and I once witnessed a horde of wolves attack a lama..." she was apparently still in fear.     What they wore then was goat's skin, dried under the sun, because they didn't have cloth. They didn't have shoes.     "If the feet bled, we just apply the oil of the goat to the wounds," she said.     Dinner was potherb soup. "We didn't have Tsampa (food made of barley floor) to eat, let alone rice and wheat."     Baya said her first taste of sugar was after the People's Liberation Army (PLA) entered Tibet. The sugar was brought to there from Yunnan Province.     Zhao Qingui, a 73-year-old Tibetan veteran soldier, joined the PLA in 1950.     "At that time, only the aristocrats had tooth paste, tooth brush, biscuit, wool and fruits. The majority of people, or the serfs, could only wish not to be starved," he said.     Sun Huanxun, a PLA veteran who went to Tibet also in 1950 and stayed there, recalled what he saw in Lhasa before the democratic reform.     "Serfs wailed and begged from passers-by, some of whom had their legs chopped by the landlords, some have their eyes gouged out and some without hands," he said.     In contrast, the landlords were in luxurious dress, some riding on the backs of their slaves. "In their houses there hung whips, knives and shackles," he added. Local residents compete tug-of-war during the celebration ceremony to mark the first Serfs Emancipation Day in Gaba village in the suburb of Lhasa, capital of southwest China's Tibet Autonomous Region, March 28, 2009. A grand celebration ceremony is held here on Saturday to mark the first Serfs Emancipation DayQi Jiguang, a historian from the Deqen Tibetan Autonomous Prefecture, recited the sentences he read from slave contracts: "I would be your slave so long as the snow-capped mountain didn't collapse, the water from rivers didn't dry up."     The Khesum village in Shannan Prefecture was hailed as the first village to implement the democratic reform. Before the Serfs Emancipation Day, residents in the village wrote an open letter:     "We could never forget the old adage: there are three knives over the heads of serfs--heavy labor, heavy rent, and high interest; there are three paths before their eyes--flee from famine, become slave, or go begging."     "We would never return to the dark, backward, and cruel fuedal serfdom society. We would cherish the life now like cherishing our own eyes," it reads. 　　FOR BETTER FUTURE     Chinese President Hu Jintao visited an exhibition marking the 50th Anniversary of Democratic Reform in Tibet, at the Cultural Palace of Nationalities in Beijing.     During his visit, he said that the "good situation" in today's Tibet was "hard-earned and should be highly cherished."     He also noted that the reform 50 years ago was "the most extensive, profound and progressive social transformation in the history of Tibet. Tibet should move from being "basically stable" to "peaceful and stable in the long run," he stressed.     On the Serfs Emancipation Day, 25 villagers from the Ngoklog village in Qamdo joined the Communist Party of China.     "I am happy to join the Party on this special day," said Asum. Tibetan people perform to mark the first Serfs Emancipation Day at Tianjin Square in Qamdo, southwest China's Tibet Autonomous Region, March 28, 2009Gyezang, 33, is an English teacher from Xigaze. "Establishment of the day could help us remember the darkness in the past and cherish the life more," she said.     Dawa Lhamo, a nine-year-old student from the No. 3 primary school in Lhasa, was happy on Saturday although she was not familiar with the past.     "I will become a soldier when I grow up, to protect Tibet," she said.     People from outside Tibet also expressed their wishes to Tibetans.     Chen Qiuxiong, leader of a working group dispatched from eastern Fujian Province to help with development of Tibet, said they have built a number of infrastructure projects serving farming and animal husbandry in Tibet and helped with the development of culture and education and health care as well as poverty reduction.     "Tibet is now in the period of development and stability, and we will do more for the development of the region," Chen said.     Liu Lumei, a deputy researcher with the Xinjiang Uygur Autonomous Regional Academy of Social Sciences, said that the establishment of the Serfs Emancipation Day embodies the common wish of all the Chinese people for the stability and development in Tibet.

DAR ES SALAAM, Feb. 15 (Xinhua) -- Chinese President Hu Jintao on Sunday said he reached new consensus with African leaders during his ongoing visit to the continent.     "During my African visit, I had in-depth discussions with leaders of related countries on bilateral relations and issues of common concern, and we reached a number of new and important consensus," Hu said while giving an interview to Tanzanian State Television and Hong Kong-based Phoenix TV. Visiting Chinese President Hu Jintao (L) meets with his Tanzanian counterpart Jakaya Mrisho Kikwete in Dar es Salaam, Tanzania, Feb. 15, 2009This is the president's sixth visit to Africa and his second since the Beijing Summit of the Forum on China-Africa Cooperation in 2006.     The four-country African tour has taken Hu to Mali and Senegal. After his stay in Tanzania. Hu will travel on to Mauritius before flying back home on Tuesday.     "The visit is aimed at cementing friendship, deepening cooperation, dealing with challenges and seeking common development," Hu said. Visiting Chinese President Hu Jintao (L) meets with his Senegalese counterpart Abdoulaye Wade in Dakar, capital of Senegal, Feb. 13, 2009As a sincere friend of Africa, China will actively support African countries in developing their economies, and improving livelihood and strengthening cooperation, he said.     "China will fully and punctually implement measures agreed at the Beijing Summit of the Forum on China-Africa Cooperation, seek China-Africa pragmatic relations and promote the further development of our new strategic partnership," Hu said.     Eight measures announced at the landmark summit included massive tariff cuts, debt exemptions, and doubling aid to Africa over a three-year period among others. Chinese President Hu Jintao (L, Front) shakes hands with Malian President Amadou Toumany Toure (R, Front) after signing agreements in Bamako, Mali, on Feb. 12, 2009.Hu said he was satisfied with the development of China-Tanzania ties.     Noting Tanzania is an old and good friend of China, Hu said the bilateral relationship has moved forward in a sound and smooth way and yielded fruitful cooperation in various fields since the establishment of bilateral diplomatic ties in 1964.     "It can be viewed as an exemplary relationship of sincerity, solidarity and cooperation between the two developing countries," Hu said.     In 2008, bilateral trade hit an all-time high, reaching more than 1 billion U.S. dollars, Hu said.     He held talks with Tanzanian President Jakaya Mrisho Kikwete and met Zanzibar President Amani Abeid Karume earlier on Sunday.     Hu said they reviewed the growth of China-Tanzania relations and set a direction for bilateral relations to develop in a new era.     The two sides agreed on cementing traditional friendship, deepening pragmatic cooperation and taking the relations to a new high, Hu said.     "With joint efforts, I am convinced that bilateral relations will have a promising future and benefit the two nations," Hu said.     Before the interview, Hu attended the completion ceremony of Tanzania's state stadium and paid tribute to a cemetery for Chinese experts who worked and died in Tanzania. 

LONDON, April 3 (Xinhua) -- As the curtain dropped on the G20 London summit, Chinese Commerce Minister Chen Deming on Friday reiterated China's opposition to protectionism and voiced support for cooperation.     "This summit has yielded a series of positive and pragmatic results for the international society to jointly tackle the current financial crisis," Chen said.     He said it included reaching broad consensus on stabilizing international financial markets, speeding up reform of the international financial system, actively pushing forward the Doha round talks, and opposing trade protectionism.     Chen said history and experiences have proved that protectionism will only drag the world economy into deeper recession. As the crisis is worsening, people have increasingly realized the necessity and urgency to reject protectionism, he said.     Chinese President Hu Jintao pointed out at the G20 summit that facing the impact of the international financial crisis, China will continue to stick to its opening-up and reform policy, and unswervingly adopt the mutually-beneficial and win-win strategy.     China will not turn to protectionism just because it is encountering some temporary difficulties during the process of economic development, he said.     What the world needs now, Chen said, is to adopt economic stimulus plans to jointly overcome the difficulties and to recover economies. At this critical time, people must be especially cautious about protectionism, preventing it from sabotaging all the efforts that the world has done so far, he said.     "China will act responsibly, seriously implement the agreements reached at the G20 summit, in efforts to push forward the world economy, as well promote the development of international trade," Chen said.     He proposed that the international community jointly maintain a fair and open international trade environment, protect the authority and seriousness of multilateral trade regulations, actively push forward the Doha round talks, and jointly resist protectionism.     Chen noted that despite all the anti-protectionism claims by many countries, protectionist measures are in fact making inroads since the outbreak of the financial crisis.     China supports the G20 agreement to extend the ban on protectionism until the end of 2010, however, it remains difficult to define protectionism and unreasonable trade restriction measures, Chen said.     All measures not allowed by the WTO are considered protectionist, and therefore should not be allowed to be implemented, he said.     Chen also raised concerns over the possible misuse of some measures permitted by the WTO, such as trade subsidy, and urged restraint.     The WTO members should try not to use, or use with discretion protectionist policies, so as to create a sound climate for promoting free trade, he said.     Currently, the WTO has established a monitoring mechanism, with periodical reports on its members' actions, a move conducive to curbing protectionism, Chen said.     Protectionism is on the rise since the crisis, but it still falls short of being rampant, which indicates the global multilateral trade rules remain effective to some extent, he said.     China supports the establishment of such a WTO supervision mechanism, he said.     China has firmly reiterated its opposition to protectionism, Chen said, noting that China's measures taken since the crisis are considered positive by both WTO Director General Pascal Lamy and EU Trade Commissioner Catherine Ashton.     China's economic stimulus measures complied with the WTO rules, he said.     Chen also said the Doha round trade talks are of great significance in promoting the development of the multilateral trade system and a successful deal would strongly promote global economic growth.     History over the past century has proved that trade grows faster than economy, and it is trade that pushes forward economic growth, he said.     Chen urged flexibility by major countries to push forward the Doha negotiations.     "With joint efforts by various parties, we remain optimistic about the outcome of the Doha round talks," he said.

BEIJING, April 11 (Xinhua) -- Credit extended by China's banks in the first quarter hit 4.58 trillion yuan (670 billion U.S. dollars), the People's Bank of China (PBOC) said Saturday.     In March alone, new yuan-denominated loans increased 1.89 trillion yuan. It was the third straight month that new loans exceeded 1 trillion yuan.     "It is not beyond market expectations. The increase was boosted by the 4-trillion-yuan stimulus plan and showed the possibility of a faster economic recovery in China compared with other countries," said Zhang Qizuo, vice director of China International Economy Society.     Premier Wen Jiabao said on March 5 at the opening of the annual session of the National People's Congress, China's legislature, that new yuan-denominated loans this year were expected to reach 5 trillion yuan.     Historical data show the first-quarter bank credit usually accounts for more than 60 percent of the year's total.     "There is a time lag between the credit increase and actual use of capital, but the big increase will surely lay a solid foundation for the recovery of the real economy," said Zhang.     In the first quarter, the central bank withdrew 47.3 billion yuan from circulation, 78.5 billion yuan more than the same period of last year.     "The increase in currency withdrawal from circulation showed the central bank was carefully watching the credit growth," said Yuan Gangming, an economist with Tsinghua University.     Zhuang Jian, an economist at the Asian Development Bank, said the regulators should pay attention to the quality of new loans and prevent bad loans.     By the end of February, non-performing loans by Chinese banks totaled 1.53 trillion yuan, 17.5 billion yuan less than the start of the year.     The structure of credit growth was also improving. The proportion of bill financing fell to about 22 percent in March from 47 percent in February, though still much higher than the average of 5 percent.     "The decline in bill financing is a good sign. It means company activities are increasing and the credit's impact on the economy is strengthening," said Zhuang.     Through March, the M2 figure -- a broad measure of money supply,which covers cash in circulation and all deposits -- grew 25.5 percent from a year earlier to 53.06 trillion yuan.     The narrow measure of money supply, M1 (cash in circulation pluscorporate current deposits), was up 17.04 percent year on year to 17.65 trillion yuan.     "The fast rebound of M2 indicates China's liquidity is abundant. This is very important to the economic recovery. The sharp rise of M1 shows companies are increasing spending on investment and management." said Zhang Bin, an economist with Chinese Academy of Social Sciences.

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