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SHANGHAI, Nov. 1 (Xinhua)-- HSBC has raised its forecast of China's GDP growth this year to 8.1 percent, said HSBC Group Chairman Stephen Green here Sunday. The bank's previous forecast was 7.8 percent. While attending the annual International Business Leaders' Advisory Council (IBLAC), Green said the world financial crisis has not derailed either of the two most noteworthy and transformative trends in global finance: "the rise of China and the shift from west to east." He also expected effects of China's stimulus packages would further lift the country's GDP growth and sustain the recovery momentum into 2010. Green said Shanghai, as China's largest city, had kept a relatively stable growth during the crisis, which suggested it had the potential to become one of the world's financial centers comparable to New York or London.
BEIJING, Dec. 28 (Xinhua) -- China's anti-graft chief He Guoqiang on Monday called on the discipline inspection agencies dispatched by the Central Commission for Discipline Inspection to make due contributions to the fight against corruption. The agencies should strengthen the supervision over the leaders of relevant units, further investigate the cases of dereliction, bribery and abuse of power and focus on cases leading to mass incidents and other serious ones, He, head of the commission, said in a meeting in Beijing. The CCDI agencies played an important role in China's great achievement in fighting against corruption in 2009, said He, a member of the Standing Committee of the Political Bureau of the CPC Central Committee. Despite the achievements, the unified management of the CCDI agencies is a new thing that need to be improved in practice, he said, urging the agencies to explore new ways in curbing corruption. He also called on the government organs to support the work of the agencies and help to solve the discipline inspectors' difficulties in life and work.
BEIJING, Nov. 17 (Xinhua) -- Chinese President Hu Jintao will visit the United States next year at the invitation of President Barack Obama, a joint statement said Tuesday. Obama extended the invitation at a formal meeting with Hu in Beijing's Great Hall of the People, and Hu accepted it with pleasure, said the China-U.S. Joint Statement issued after the meeting.
BEIJING, Dec. 28 (Xinhua) -- China's anti-graft chief He Guoqiang on Monday called on the discipline inspection agencies dispatched by the Central Commission for Discipline Inspection to make due contributions to the fight against corruption. The agencies should strengthen the supervision over the leaders of relevant units, further investigate the cases of dereliction, bribery and abuse of power and focus on cases leading to mass incidents and other serious ones, He, head of the commission, said in a meeting in Beijing. The CCDI agencies played an important role in China's great achievement in fighting against corruption in 2009, said He, a member of the Standing Committee of the Political Bureau of the CPC Central Committee. Despite the achievements, the unified management of the CCDI agencies is a new thing that need to be improved in practice, he said, urging the agencies to explore new ways in curbing corruption. He also called on the government organs to support the work of the agencies and help to solve the discipline inspectors' difficulties in life and work.
BEIJING, Jan. 7 (Xinhua) -- A Chinese Foreign Ministry spokesperson said here Thursday that Japan's move to build facilities on the Okinotori atoll will not change its legal status, as Japan is seeking vast economic interests at the nearby southern Pacific. According to the United Nations Convention on the Law of the Sea (UNCLS), and based on the natural and geographic situation of the Okinotori atoll, neither exclusive economic zones nor continental shelves should be claimed on it, Spokesperson Jiang Yutold a regular press briefing. Japan has asked the UN Commission on the Limits of the Continental Shelf to recognize the extended area around the so-called "Okinotori island," 1,740 km south of Tokyo, as its continental shelf, which would enable it to claim a vast surrounding area as an exclusive economic zone. According to Article 121 of the UNCLS, rocks that cannot sustain human habitation or an economic life of their own shall have no exclusive economic zone or continental shelf. According to Japanese media report, the Japanese government plans to build a port and conduct mineral explorations on the atoll in 2010. "Building facilities on it would not change the atoll's legal status," Jiang said. Such a bid did not conform to the international laws of the sea and was against the interests of the international community, she said.