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BEIJING, Dec. 26 -- The weight of private enterprises in the overall economy is on the rise and that of State-owned enterprises (SOEs) on the decline, Ma Jiantang, minister of the National Bureau of Statistics, said on Friday. The number of private firms rose by 81.4 percent from 2004 to 2008 to reach 3.6 million and SOEs dropped by 20 percent to 143,000, Ma said at a press conference where China's second economic census results were released. China has made great efforts over the past 30 years to restructure its economy. It has gradually raised the proportion of private enterprises after the market-oriented reform began in the early 1980s. As a result, the private sector has contributed an ever-growing value to the country's GDP and provided most of the jobs. But in recent years, some major acquisitions have seen SOEs buying into private companies, sparking concern that the State may be strengthening its control over the private sector. Ma said the census figures do not suggest SOEs are buying into private enterprises. In terms of asset value, SOEs saw their proportion in the nation's total drop by 8.1 percentage points from 2004 to 2008 to 23 percent. In contrast, private enterprises' assets rose by 3.3 percentage points to 12.3 percent.
HARBIN, Jan. 2 (Xinhua) -- Chinese Premier Wen Jiabao conveyed new year greetings to workers, farmers, local residents and officials during his visit to northeastern Heilongjiang Province on the first two days of the year. Braving the freezing weather, Wen visited the cities of Daqing and Qiqihar in Heilongjiang. It was Wen's third visit to Daqing since 2003. At Daqing oilfield, he said Daqing people had not only produced two billion tonnes of oil for the country, but also the invincible Daqing spirit which was kept well over the past five decades. Chinese Premier Wen Jiabao (C) tries a machine with local oil workers at Daqing Oil Field in Daqing, northeast China's Heilongjiang Province, Jan. 1, 2010 "Nowadays, we still need such spirit to cope with the international financial crisis," Wen said. The premier then had lunch with workers and visited their dormitory. He also inspected an industry park of service outsourcing in the city, which is looking for new points of growth in addition to exploitation of resources. Wen encouraged the city to develop high-tech industry, agricultural products processing, service outsourcing and cultural industries. While visiting a residential community, Wen said he paid great attention to people's livelihood, including housing, social securities and workers' income rise. "While handling the international financial crisis, people's livelihood should be stressed," Wen said. Chinese Premier Wen Jiabao (C) talks with local elders at a residential community in Daqing, northeast China's Heilongjiang Province, Jan. 1, 2010At a villager's home, Wen told locals that the government would increase the minimum purchase price of rice again this year. He said that to narrow the urban and rural income gap, efforts should be made to improve rural migrant workers' conditions and lift farmers' living standard. In a residential area converted from a shanty town, which now houses 1,470 families, Wen told a retired worker named Wang Decai that if the country's financial strength was strong enough, retirees' pension would continue to be increased. He told workers of a machine tool factory in Qiqihar, which makes homegrown plane parts, that efforts should be made to improve innovation capability so as to make breakthrough on key technologies. Chinese Premier Wen Jiabao plays table tennis with local residents at a community in Daqing, northeast China's Heilongjiang Province, Jan. 1, 2010
KUALA LUMPUR, Nov. 10 (Xinhua) -- The China-Malaysia relationship is now at an important stage of opening up the future and faces a new opportunity for further development, Chinese President Hu Jintao said here Tuesday evening when meeting with Malaysian Supreme Head of State Mizan Zainal Abidin. At the welcoming banquet held by Mizan in Hu's honor, the two leaders expressed satisfaction with the good momentum in the development of bilateral ties, saying they are ready to work together to further deepen China-Malaysia cooperation so as to bring benefits to their people and make greater contribution to peace and development in the region. Chinese President Hu Jintao (C) and his wife Liu Yongqing pose with Malaysian Supreme Head of State Mizan Abidin (R) for a group photo during their meeting in Kuala Lumpur, Malaysia, Nov. 10, 2009Hu said that when profound and complicated changes had taken place in the region and consequences of the international financial crisis were still keenly felt, expanding strategic cooperation between China and Malaysia is not only in the common interests of both countries, but also conducive to regional stability and prosperity. Hu said China attaches great importance to the development of its relations with Malaysia, and is ready to work together with Malaysia to lift bilateral friendly cooperation to higher stages. Chinese President Hu Jintao (3rd L, front) exchanges gifts with Malaysian Supreme Head of State Mizan Abidin (4th L, front) after their meeting in Kuala Lumpur, Malaysia, Nov. 10, 2009Hu said China and Malaysia are good neighbors, friends and partners and that the two peoples share long history of friendly exchanges. Since the two countries established diplomatic ties 35 years ago, bilateral links have witnessed great progress, Hu said. With the two countries having established a strategically cooperative relationship, political mutual trust has been continuously deepened and economic and trade cooperation has yielded remarkable results, bringing substantial benefits to the two peoples, Hu added. Chinese President Hu Jintao (C, front) meets with Malaysian Supreme Head of State Mizan Abidin (R, front) in Kuala Lumpur, Malaysia, Nov. 10, 2009Hu said the two sides have expanded exchanges and cooperation in various areas such as education, culture and tourism, and the two peoples have also developed mutual understanding and friendship. The two countries have maintained close communication and coordination on major international and regional issues and have worked together to safeguard the interests and rights of the developing countries, he said. Mizan welcomes President Hu's visit to Malaysia, saying the two countries share time-honored friendship and close ties. Mizan said his country admires the achievement of the People's Republic of China over the past six decades since its founding. He said that since the establishment of diplomatic ties 35 years ago, the two countries have carried out pragmatic cooperation in a wide range of fields, including trade, investment, tourism, agriculture, education, science and technology. There have also been frequent exchanges of high-level visits and rapid growth of people-to-people contacts, said the Malaysian leader. It is very important for the two countries to step up bilateral economic cooperation amid the current global economic recession, he said. He noted that the two sides share common views and cooperate closely on many regional and international issues, which has served to safeguard the legitimate interests of the two countries and other developing countries. Malaysia appreciates China's consistent efforts to strengthen cooperation with the Association of Southeast Asian Nations (ASEAN), he said Malaysia and China have great potential to enhance their cooperation, he said, adding that further development of bilateral ties will be in the interests of both countries and contribute to peace and stability of the region. President Hu arrived in Kuala Lumpur Tuesday afternoon for a state visit to Malaysia at the invitation of Mizan. During his stay, Hu will also meet with Malaysian Prime Minister Najib Tun Razak and have extensive contact with people from various sectors of Malaysia.
WASHINGTON, Dec. 29 (Xinhua) --The U.S. Commerce Department said on Tuesday that it has set preliminary antidumping duties (AD)on imports of steel grating from China, a move that might escalate trade disputes between the two countries. The department said it "preliminarily determined that Chinese producers/exporters have sold steel grating in the United States at 14.36 to 145.18 percent less than normal value." As a result of this preliminary determination, Commerce will instruct U.S. Customs and Border Protection to collect a cash deposit or bond based on these preliminary rates. The product covered by this investigation is a downstream steel product typically comprised of bearing and cross bars used for walkways, platforms and flooring. From 2006 to 2008, imports of steel grating from China increased 538.44 percent by volume and were valued at an estimated90.7 million dollars in 2008, according to the U.S. Commerce Department. Commerce said that it is currently scheduled to make its final determination in April 2010. If Commerce makes an affirmative final determination, and the U.S. International Trade Commission makes an affirmative final determination that imports of steel grating from China materially injures, or threaten material injury to, the domestic industry, Commerce will issue an antidumping duty order. The new case followed U.S. President Barack Obama's recent decision to impose punitive tariffs on all car and light truck tires from China for three years, a move quickly denounced by China as a "serious act of trade protectionism." The protectionist moves by the Obama administration will ultimately hurt the U.S.-China trade relations, which are becoming more and more important due to the global financial crisis, economists warned.
BEIJING, Dec. 9 (Xinhua) -- China's top legislator Wu Bangguo said Wednesday the country regards Egypt as one of the most important strategic cooperative partners among Arabian and African nations. "We attach great importance to the relations with Egypt," Wu, chairman of the Standing Committee of the National People's Congress (NPC), China's top legislature, told visiting Deputy Speaker of Egyptian People's Assembly Zeinab Radwan. To promote relations between China and Egypt, both influential countries in the world, conformed to the fundamental interests of the two nations and the two peoples, and was also conducive to regional and world peace and prosperity, Wu said. Wu Bangguo (R), chairman of the Standing Committee of the National People's Congress (NPC), shakes hands with visiting Deputy Speaker of Egyptian People's Assembly Zeinab Radwan in Beijing, Dec. 9, 2009. "We are ready to work with Egypt to maintain high-level exchanges, increase friendly cooperation and strengthen coordination in international affairs," Wu said, noting that this would help achieve common development and benefit the two peoples. Wu also applauded Egypt's long-term and firm support to China on issues concerning Taiwan, Tibet and Xinjiang. Radwan was here to attend the third meeting under a regular exchange mechanism between the parliaments of China and Egypt. Hailing the role of the regular exchange mechanism, Wu said it provided the two parliaments with direct, in-depth and effective channels to communicate with each other, and had become an important platform for parliamentary exchanges. Under the active promotion of the leaders from both nations, the two parliaments set up the regular exchange mechanism in 2007. Wu hoped the two parliaments would further improve the mechanism. Echoing Wu, Radwan said the Egyptian People's Assembly would make use of the mechanism construction to advance the level of parliamentary cooperation between the two sides. As to Egypt-China ties, Radwan said the two countries in recent years had witnessed frequent high-level visits and fruitful cooperation in investment, tourism, economy and trade. Egypt valued the relations with China, and would work with the country to enhance exchanges and cooperation in various sectors. Radwan is visiting China from Dec. 4 to 10 at the invitation of the NPC Standing Committee.