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BEIJING, Nov. 24 (Xinhua) -- China would like to work with other governments and international organizations to assure positive results at the upcoming Cancun climate change conference, Chinese Vice Premier Li Keqiang said Wednesday.Li made the remarks during the China International Green Industry Expo 2010, which was scheduled to run from Wednesday to Saturday in Beijing."With an open and constructive attitude, China will promote international cooperation in green industry and combat climate change, as well as push forward trade, investment, technology cooperation and transfer," Li said.Chinese Vice Premier Li Keqiang (L front) views an exhibit as he visits the China International Green Industry Expo 2010 (CIGIE) in Beijing, capital of China, Nov. 24, 2010. The expo kicked off here on Wednesday.He also said that China would continue importing advanced international technologies and equipment in the fields and share market opportunities to provide mutual benefits.The development of green economy and green industry would rely on technological and institutional innovation. "Enterprises should speed up technological progress and focus on making breakthroughs in key technologies and promote industrialization, commercialization and mass production of these technologies," noted Li.The four-day expo has attracted more than 200 enterprises from 25 countries and regions. It is designed as a platform for enterprises to exchange information and display their latest achievements in areas such as energy savings, emission reductions and the recycling-based economy.
BEIJING, Nov. 27 (Xinhua) -- Two years of monetary easing policies helped China's economy emerge from the global financial crisis. Now, facing a runaway inflow of hot money, fast loan growth, and escalating inflation, China could become serious about tightening regulations to achieve a "soft landing".Analysts recently said China could see more interest rate hikes in the final month of 2010 in a bid to soak up excessive liquidity and prevent a potential overheating of the economy.Further, the People's Bank of China (PBOC) Deputy Governor Hu Xiaolian said on Oct. 24 that using multiple monetary policy tools to improve liquidity management and guide the money and credit growth back to normal would be the main task for the central bank in the remainder of this year.According to data released by the central bank Friday, in October those funds outstanding for foreign exchange (FOFE) hit 525.1 billion yuan (78.37 billion U.S. dollars), the second highest monthly record in history.That is to say, PBOC issued 519 billion yuan of Renminbi in October to purchase the same amount of fresh inflow of foreign exchanges, which usually enter the nation in the form of trade surplus, foreign direct investment and short-term international speculative funds."The huge inflow of hot money is an important reason behind the sharp rise in FOFE," said Zhang Ming, a researcher with the China Academy of Social Sciences (CASS).He noted, as the European debt crisis ceased, that speculative funds have returned to the emerging markets, notably after the U.S. Federal Reserve announced the second round of its quantitative easing policy."As the massive inflow of foreign exchange increases the domestic monetary base, it has become a major impetus of a broad money supply, which could exacerbate inflation," said Liu Yuhui, also a researcher with CASS.Hefty foreign exchange inflow usually goes together with soaring inflation. China's FOFE hit a record 525.1 billion yuan in April 2008. In the same month, China's Consumer Price Index (CPI), a main gauge of inflation, was up by 8.5 percent, which was unprecedented.Also, this October, the CPI rose by 4.4 percent, the highest amount in 25 months.Boosted by a massive trade surplus, the domestic monetary situation began easing in late 2008, as China's broad money supply exceeded 70 trillion yuan, surpassing the United States to become the world's largest.Li Daokui, a member of the monetary policy committee with the PBOC, said hefty money supplies posed huge risks to the nation' s banking system and, more imminently, would exacerbate the current inflation."The interest rate increase last month sent a signal that more such increases will come in the future," he said.
HONG KONG, Dec. 4 (Xinhua) -- Hong Kong Chief Executive Donald Tsang said on Saturday the government will not slack off in its fight against drugs, despite a 20 percent drop in the number of drug abusers aged below 21 in the first half of this year.Speaking at the 2010 Fight Crime Conference, Tsang said both the government and the community attach great importance to drug problems.Although the government's efforts in beating drugs have started to deliver results, it will not slack off and will continue to allocate money to anti-drug programs, he said.Praising law-enforcement officers' professionalism in maintaining law and order in Hong Kong, Tsang said the city's crime rate continued to stay at a low level.According to Chief Secretary Henry Tang, Hong Kong's crime situation for the year's first 10 months remained stable, with overall crime dropping 3.2 percent.
BEIJING, Nov. 30 (Xinhua) -- Chinese Vice Premier Li Keqiang said more follow-up efforts should be scientifically made to ensure the Three Gorges' continuing safe operations and to make full use of the project after its preliminary construction is finished on time.Li made the remarks while chairing the 17th plenary meeting of the Three Gorges Project Construction Committee under the State Council, or the cabinet.The meeting discussed the examination and acceptance report of the project and the follow-up layouts.The preliminary design and construction of the Three Gorges were finished on time and the project reflects the good quality of the construction, in general, which worked well in flood control, while having generated more than 400 billion kilowatts of power, according to reports from the meeting.Chinese Vice Premier Li Keqiang (C) presides over the 17th plenary meeting of the Three Gorges Project Construction Committee under the State Council, in Beijing, capital of China, Nov. 30, 2010. Also, further efforts should be made to focus on safety supervision, measures to guard against geological disasters and building additional reservoir management systems, according to discussions at the meeting.It was a complicated effort to manage the Three Gorges project and more efforts must be made to complete various systems and improve management levels, Li said.Chinese Vice Premier Hui Liangyu also attended the meeting.More efforts should be made to summarize the Three Gorges' building experience and other projects under construction should strictly follow high standards, Hui said.
MADRID, Jan. 5 (Xinhua) -- Chinese Vice Premier Li Keqiang and Spanish Prime Minister Jose Luis Rodriguez Zapatero Wednesday pledged continuous joint efforts to promote the cooperation between China and Spain, and between China and Europe as a whole.During their meeting, Li said China sees Spain as a reliable friend in Europe, and firmly backs Spain's efforts in countering the international financial crisis, as well as a series of economic and financial adjustment measures the Spanish government has adopted.With its own efforts and the support from the international community, Spain will surely overcome the difficulties, achieve financial stability and economic growth, Li said.Chinese Vice Premier Li Keqiang (R) meets with Spanish Prime Minister Jose Luis Rodriguez Zapatero in Madrid, Spain, January 5, 2011.Stressing the importance of boosting international pragmatic cooperation in eliminating the deep-seated impacts of the financial crisis, Li urged China and Spain to carry out cooperation in such areas as technology and capital, and achieve new progress in trade and economic development.Spanish enterprises are welcome to bring their competitive products to China, he said.Both sides can expand cooperation in new aspects such as energy conservation and environmental protection, new energy and new materials, Li said, adding that enterprises on both sides are encouraged to jointly explore the third-party markets to bring mutual benefits and achieve an all-win result.Li said he is confident that new progress can be made in the all-round cooperation between China and Spain as long as both sides make efforts in concert and fulfill their agreed deals.Zapatero, on his part, stressed the priority of Spain's relations with China in his country's foreign policy. He also called the ties the most successful cooperative relations.Spain advocates globalization and multilateralism, and the building of a new, fair and balanced multilateral order, Zapatero said, adding that China should play an important role in this order.