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BEIJING, Nov. 2 (Xinhua) -- China's economy is in good shape despite the changing economic environment, and it will maintain stable and relatively fast growth, National Bureau of Statistics (NBS) chief Ma Jiantang told Xinhua on Sunday. "The fundamentals of China's economy remain unchanged despite the changing world economic environment," the new NBS director said. "We should be confident about the country's economic outlook." The world's fastest economic growth rate, successful commodity price controls, increasing foreign exchange reserves and good employment rates were the factors to support the economic fundamentals, said Ma. The consumer price index (CPI), the main gauge of inflation, eased to 4.6 percent in September from the same period last year. It hit a 12-year high of 8.7 percent in February. The country's gross domestic product (GDP) grew by 9.9 percent in the first three quarters, 2.3 percentage points down from the same period last year. The slowdown was a result of combined effects, including the global financial crisis, the world economic downturn and severe domestic natural disasters, Ma said. However, he said, "We should be confident about the country's economic outlook." The country had rich resource reserves, great market potential, vigorous enterprises and the government had strong macro-control abilities. The government had made a series of macro-economic policy adjustments against the changing economic environment, which would guarantee a steady and sound economic development, he said.
BEIJING, Jan. 25 (Xinhua) -- Many Chinese received a smaller bonus this year because of the global financial crisis and decided to tighten their belts - but they still let their hair down for the traditional Spring Festival. The freezing weather and slowdown in economic growth did not affect Chinese people's festivities, with supermarkets and shopping malls crowded with shoppers seeking goods for the Spring Festival celebration. Even dairy products, which have experienced shrinking sales because of the melamine scandal, were selling. Milk powder products of domestic brands have reappeared on the shelves, a Xinhua reporter found in Wal-Mart at Xuanwumen, Beijing. "This is the safest period for dairy products as the government has intensified quality supervision and inspection after the scandal," said saleswoman Qiao Xinhong. Many Chinese people like to buy boxed milk or yogurt for family reunions or as gifts to friends and relatives during the holiday. Dairy products, however, were only one part of people's shopping list, and snacks with wider varieties, clothes, jewellery and home appliances were also popular. The week-long Spring Festival holiday, which starts from Sunday, is China's closest equivalent to the West's Christmas shopping season. According to the Ministry of Commerce, sales at the country's major retailers on Thursday were 2.4 times as much as that on December 31. China's real retail sales growth in December accelerated 0.8 percentage points from November to 17.4 percent, according to figures released by the National Bureau of Statistics (NBS) Thursday. Retail sales jumped by 21.6 percent last year to 10.8 trillion yuan (1.6 trillion U.S. dollars), which was 4.8 percentage points higher than 2007. The booming Chinese market has become more attractive to foreign retail giants, who have suffered from weak demand caused by the global financial crisis. "Although the global financial crisis has weighed on China's economy, the fundamental of the country's economy remains unchanged and we are very optimistic about the prospects for the Chinese market," Britain's largest retailer Tesco told Xinhua in an email. Sales in the rural market, which is believed to have the great potential to boost domestic demand, has reported month-on-month increases since May. November retail sales in rural areas rose 18.3 percent, 8.2 percentage points higher compared with the same period of 2007 and for the first time surpassed urban consumption growth. Wei Wanqian, a farmer in eastern China's Shandong Province, was busy with the last-minute preparations to celebrate the Spring Festival. He bought a new tractor earlier this month. "Boosting domestic demand should be the government's major taskof economic work," said Zuo Xiaolei, senior analyst at the Beijing-based Galaxy Securities. "Effective boosting measures along with the improvement of social security system will accelerate the consumption growth by two to three percentage points this year," Zuo said. The State Council, or the Cabinet, has taken an array of measures to enhance domestic consumption. These included improving the rural distribution network, promoting the subsidized home appliance program and boosting festival consumption. More detailed measures would come out in March during the delivery of the government work report, sources said. Although the impacts of global financial crisis were still unfolding, some positive signs surfaced in December economic date, officials and analysts have said. These included the figures on money supply, consumption and industrial output. Whether the "positive changes" represented a trend was unclear, NBS director Ma Jiantang said.
MOSCOW, Oct. 27 (Xinhua) -- Chinese Premier Wen Jiabao arrived here on Monday for an official visit aimed at strengthening China's strategic partnership with Russia. During his three-day stay here, Wen is scheduled to hold talks with Russian President Dmitry Medvedev, Prime Minister Vladimir Putin and Chairman of the State Duma, the lower house of Russia's parliament, Boris Gryzlov. Chinese Premier Wen Jiabao (R) shakes hands with Russian Deputy Foreign Minister Alexei Borodavkin upon his arrival at the airport in Moscow, capital of Russia, Oct. 27, 2008. Chinese Premier Wen Jiabao arrived here on Monday for an official visit aimed at strengthening China's strategic partnership with RussiaTopics of discussion include regional and international issues and bilateral cooperation in areas such as economy and trade, energy, nuclear power, science and technology, according to a Chinese Foreign Ministry official. In a written statement delivered upon arrival at the airport, Wen hailed the level of China-Russia strategic and cooperative partnership in recent years as unprecedented. The two nations have enjoyed expanding basis for common interests, increasing mutual trust, more fruitful cooperation and closer strategic cooperation in international and regional affairs, he said. Chinese Premier Wen Jiabao (front L) attends the welcoming ceremony held by Russian Deputy Foreign Minister Alexei Borodavkin upon his arrival at the airport in Moscow, capital of Russia, Oct. 27, 2008. The continuous development of bilateral strategic and cooperative partnership conforms to the fundamental interests of the two peoples, and is conducive to peace and stability in the region and the world at large, said the Chinese premier. He said he will exchange candid views with Putin on major issues concerning substantial bilateral cooperation. Wen's meeting with Putin will be the 13th regular talk between the prime ministers of the two countries. Chinese Premier Wen Jiabao (R, front) is greeted upon his arrival at the airport in Moscow, capital of Russia, Oct. 27, 2008. The Chinese premier said he will also exchange views with Medvedev and parliament leaders on bilateral ties as well as international and regional issues of common concern. Wen said he believed this visit will help promote bilateral political mutual trust, deepen their substantial and strategic cooperation, enhance the mutual understanding and traditional friendship between the two peoples, and inject new vigor into the sustained, sound and steady growth of bilateral relationship. Russia is the first leg of Wen's two-nation tour, which will also take him to Kazakhstan on Oct. 29. In Astana, capital city of Kazakhstan, Wen will attend the 7th prime ministers' meeting of Shanghai Cooperation Organization member countries. His visit will end on Oct. 31.
RAMALLAH, Jan. 15 (Xinhua) -- Visiting Chinese special envoy for the Middle East Sun Bigan called for an immediate halt of military activities in Gaza during his meeting with Palestinian National Authority (PNA) Chairman Mahmoud Abbas in the West Bank city of Ramallah Thursday. The two discussed the situation in the Gaza Strip, which has been under intensive Israeli attacks for almost three weeks, causing more than 1,000 Palestinians dead and over 4,600 wounded. The Palestinian National Authority (PNA) Chairman Mahmoud Abbas (R) meets with Sun Bigan, China's special envoy on the Middle East issue, in the West Bank city of Ramallah, on Jan. 15, 2008. Sun urged all parties to abide by UN Security Council resolution 1860 to avoid additional civilian casualties and ease the humanitarian crisis. He said as a permanent member of the UN Security Council, China has the duty to uphold justice and safeguard world peace. The warfare in Gaza, since its start, had drawn attentions from the Chinese leadership as well as the Chinese public. Sun said China has been making efforts to bring peace back to the region and to ease the humanitarian crisis happening in Gaza. Sun stressed that China has been long supporting the stance held by the PNA and Abbas that the Palestinian issue should be solved politically. Israeli President Shimon Peres meets with visiting China's special envoy on the Middle East issue Sun Bigan in Jerusalem, Jan. 14, 2009. He expressed his hope that the Palestinian side could continue gaining international support, and the disputes can be solved through negotiations. Sun said that unity remains the basic and most important factor that ensures the Palestinians to regain their legitimate national rights, adding that China appreciates the tireless efforts that Abbas has made to maintain Palestinian national unity. Abbas highly praised the five standpoints on the current Middle East situation issued by China, thanked for China's emergency humanitarian aid, and expressed his willingness to keep exerting efforts to restore stability as soon as possible. Egyptian Foreign Minister Ahmed Abul Gheit (R) meets with China's special envoy on the Middle East issue Sun Bigan in Cairo Jan. 12, 2009. The two sides exchanged opinions on the Gaza crisis and vowed to work together to help ease the tension in the Palestinian enclave. Before his visit to Ramallah, Sun also toured Egypt and Israel, where he put forward five standpoints of the Chinese government on the current Middle East situation to Egyptian and Israeli officials. The five standpoints are: 1. China calls on all parties concerned to abide by the UN Security Council Resolution 1860, and cease all military actions immediately to avert more casualties. 2. Measures should be taken to ease the humanitarian crisis in Gaza. A stable channel for supply of humanitarian aid including food, medicine and fuel, for Gaza should be open at the earliest time possible, and parties concerned should provide necessary guarantee in this regard. 3. Parties concerned should establish, through negotiation, a ceasefire monitoring mechanism in Gaza and work to create durable security and stability there. 4. The Palestine-Israel peace talks should resume at the earliest time, and efforts should be made to seek solution to issues related to the final status of Palestine on the basis of mutual-trust, so that an independent Palestinian state will be established as early as possible and the "two states" of Palestine and Israel will coexist peacefully. 5. The international community should increase mediating efforts for peace and promote a comprehensive, just and durable settlement of the Middle East issue. China is ready to work with parties concerned and make unremitting efforts in this regard. Amr Moussa (R), secretary-general of the Arab League, meets with China's special envoy on the Middle East issue Sun Bigan at the headquarters of the Arab League in Cairo, capital of Egypt, on Jan. 12, 2009.
BEIJING, Nov. 19 (Xinhua) -- Chinese top legislator, Wu Bangguo, met here Wednesday with visiting speaker of the Slovak National Council, Pavol Paska, calling on the two sides to step up inter-parliamentary cooperation to further boost bilateral relations. Wu, chairman of the Standing Committee of China's National People's Congress (NPC), China's top legislature, highlighted China-Slovakia relations, noting that the ties already entered into a phase of development. Citing Slovakia as one of the fastest growing member states in the European Union (EU) and China as the biggest developing country in the world, Wu said that the two share a solid foundation for further cooperation. Wu Bangguo, chairman of the Standing Committee of the National People's Congress(NPC), meets with Pavol Paska, the speaker of the National Council of the Slovak Republic, in the Great Hall of the People in Beijing, China, on Nov. 19, 2008 He added, China is willing to explore new approaches to expand cooperation in an aim to optimize the two-way trade structure and increase mutual understanding between the two businesses. "We should give full play to the two business communities and help them promote bilateral trade relations to a higher level," Wu said. Paska said that Slovakia attaches great importance to its ties with China and hopes to learn China's successful ways of boosting national development. It also wants to forge cooperation with China in fields such as infrastructure. He noted that Slovakia, as a new EU member state, is willing to play a role of bridging the EU-China strategic partnership for further development, reiterating that Slovak parliament and government will continue to cohere to the one-China policy. The two sides also exchanged their views on inter-parliamentary cooperation, agreeing to push forward collaboration among parliamentary special groups and exchanges of the young parliament members in an effort to generate contribution to the new growth of the bilateral relations. Paska arrived here Monday for a 5-day visit to China as Wu's guest.