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BEIJING, Sept. 7 (Xinhuanet) -- China will "vigorously" expand its imports of key products as the nation strives to cut its trade surplus amid growing protectionism against the world's largest exporter, a senior Chinese trade official said on Monday."We will especially encourage imports of products the nation is short of, especially advanced technology and key equipment," said Chong Quan, China's deputy international trade representative.Special attention will be paid to expanding imports from countries that China has a trade surplus with, he said at the China Import Forum organized by the Ministry of Commerce.Due to their domestic economic woes and political pressure, some developed countries, in particular the US, have accused China of piling up trade surpluses through policies such as an undervalued currency. This argument conveniently ignores other factors at play, such as their own export restrictions.Nonetheless, in the first six months of this year, US exports to China increased 35.7 percent year-on-year, 13 percentage points higher than its overall export growth, according to US figures.Despite the surge of its trade surplus in July, which stood at .7 billion, China will see the surplus drop dramatically for the year to about 0 billion, compared to 0 billion in 2009 and 0 billion in 2008, trade officials said. The country even registered a rare trade deficit of .2 billion in March.As a result of the shift in strategy, the ratio of China's current account (mainly trade of goods) balance to its gross domestic product has been dropping continually since 2007, said Zhang Yansheng, director of the Institute of Foreign Trade at the National Development and Reform Commission."China's processing trade (bringing in goods and exporting finished products), which is the bulk of its exports, could plummet in the coming five years," he said.
BEIJING, Oct. 11 (Xinhua) -- Chinese Vice President Xi Jinping on Monday encouraged younger officials to work at the grass-roots level so they might "learn from the public masses" and "shape character."Xi, also a Standing Committee member of the Political Bureau of the Communist Party of China (CPC) Central Committee, told officials attending a training session on exchanges of cadres between the central and local levels, that working at the grass-roots level was "key to enhancing capabilities, accumulating experience and becoming politically mature."Chinese Vice President Xi Jinping on Monday makes a speech to officials attending a training session on exchanges of cadres between the central and local levels in Beijing.Sixty-six officials from 54 central departments, aged between 41 to 46 years old, attended the training. In return, the same number of local officials is going to soon be assigned to work in central government departments.Xi said training and selecting younger officials were key to the future of the Party and the country's cause, and such exchanges between the central and local levels were an exploration to improve the cadre group's structure and help them enrich experiences.
ATHENS, Oct. 3 (Xinhua) -- China and Greece issued a joint statement on Saturday, pledging to enhance their cooperation in various fields in an effort to deepen bilateral comprehensive strategic partnership.In a joint statement issued during the visit by Chinese Premier Wen Jiabao, the two countries expressed willingness to maintain frequent visits by leaders from both sides and enhance mutual political trust."The Greek government respects China's territorial integrity, reaffirms its adherence to the one China policy and supports the development of cross-Strait relations and China's reunification," the statement said.Both sides also agreed to promote the development of the China-EU comprehensive strategic partnership.Greece will continue to play a positive role in discussions within the EU over the recognition of China's full market economy status, which Athens believes is of great political significance, as China has made substantial progress on the issue within the framework of the World Trade Organization, said the statement.Hoping for a just, lasting and feasible solution to the Cyprus issue based on relevant UN resolutions, the two countries support the mediation efforts by UN Secretary General Ban Ki-moon.Greece is willing to cooperate with China in their joint fight against pirates and safeguard the international shipping, according to the statement. The two countries also agree to discuss the possibility of signing a Memorandum of Understanding on the issue.Both governments said they are ready to boost dialogue and cooperation to address climate change and make the upcoming UN climate change conference in Cancun, Mexico, achieve positive results.The two sides agree that the international financial crisis did not alter the long-term trend of world economic development. The global economy is gradually recovering but still with uncertainties."It is necessary for countries all round the world to strengthen coordination on their macro-economic policies to push forward a full-fledged recovery of the world economy," said the statement.
UNITED NATIONS, Sept. 23 (Xinhua) -- Chinese Premier Wen Jiabao met with U.S. President Barack Obama here on Thursday, focusing on bilateral ties and regional and world issues and calling for more cooperation.China and the United States can deepen their cooperation on significant international affairs and major regional issues as well as on efforts to handle global financial woes and climate change, Wen said.He said China and the United States could forge an even closer and wider-ranging trade and financial relationship. Chinese Premier Wen Jiabao (L) meets with U.S. President Barack Obama in New York, the United States, Sept. 23, 2010.At the beginning of the meeting, Wen said the China-U.S. relationship has advanced beyond the bilateral scope and has a major impact on the world.The common interests of the two countries far outweigh their differences, Wen said.Although there exist differences between China and the United States, the problems can be well solved through dialogue and cooperation, the premier said.The meeting at the United Nations added to the increasing number of meetings held between Chinese and American leaders since Obama took office in 2009.
BEIJING, Oct. 16 (Xinhua) -- China expressed its deep concern over Japanese right-wing demonstration at the Chinese Embassy in Tokyo on Saturday, said Chinese Foreign Ministry spokesman Ma Zhaoxu.Ma made the remarks when asked to comment on the demonstration by hundreds of Japanese right-wing organization members at the Chinese Embassy in Tokyo Saturday afternoon."China urges Japan to earnestly fulfill the related obligations laid out in the Vienna Convention on Diplomatic Relations and take effective measures to ensure the security of China's embassy, consulates, institutions and personnel in Japan," Ma said in a press statement.China-Japan relations have been strained since a collision occurred between two Japanese Coast Guard patrol ships and a Chinese trawler on Sept. 7 in the East China Sea off the Diaoyu Islands, over which China claims sovereignty.In Tokyo, the right-wing groups had planned to mobilize 3,000 people to gather in front of the Chinese Ambassy to "clarify Japanese's attitude on the issue," according to a report on ifeng.com.