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GENEVA, May 31 (Xinhua) -- China will continue its economic opening-up policy and it stands ready to join hands with other countries to overcome the global economic difficulties, a senior Chinese official said here on Monday."We firmly believe that opening-up will generate unlimited vitality for trade as well as dynamism for economic growth. Under no circumstances will China change its opening-up policy," said Yi Xiaozhun, China's vice minister of commerce.Addressing a WTO session reviewing China's trade policies in the past two years, Yi said his country was still going through a period of rapid industrialization and urbanization, a process that "will unleash enormous demand for investment and consumption.""It is predicted that China's total imports will exceed 7 trillion U.S. dollars in the next five years," Yi told delegates from the world trade body's 153 members.According to the official, many uncertainties still exist in the global economy, with major developed countries still in slow recovery and the international money and bond markets haunted by potential crisis.In the meanwhile, China, which suffered severe impacts by both natural disasters and the global economic crisis, still faces a big challenge in creating jobs at home."China still has 150 million people living in poverty. We have to create jobs not only for 30 million unemployed people registered in cities, but also over 20 million people newly added to the working population every year," Yi said."Nevertheless, China is ready to join hands with other countries to overcome the difficulties," he added.The official reiterated that "China firmly supports multilateralism and always regards the multilateral trading system as the cornerstone of its trade policy."He also called for a successful conclusion of the long-stalled Doha Round trade negotiations, as it "is of great significance to realize rebound of the global economy and resist trade protectionism.""China stands ready to make joint efforts with other members to conclude the Doha Round with an outcome that is comprehensive and balanced, delivering its development mandate," he said.
BEIJING, April 11 (Xinhua) -- Although China registered the first monthly trade deficit last month in six years, that would be temporary as the demand for imports is likely to ease with the expected moderation in domestic fixed asset investment, said an economist of JP Morgan Chase."With an anticipated recovery in developed economies this year, Chinese exports should improve gradually over the coming months," said Jing Ulrich, chairman of China Equities and Commodities of the U.S. bank in a research note Saturday.That will be proved by the forward looking new export orders component of China's official PMI (Purchasing Managers's Index) which increased to 53.7 in March from 50.3 in February, she said.China reported trade deficit of 7.24 billion U.S. dollars in March, the first since April 2004, as exports rose 24.3 percent year on year, while imports jumped by 66 percent."The pace of China's export recovery and dynamics of imported inflation will shape the country's approach towards currency valuation. A return to the policy of gradual RMB appreciation would allow China to mitigate imported inflation and promote domestic consumption by boosting household purchasing power in local currency terms," she said.She noted that in the longer-run, more flexibility in China's currency regime would allow the central bank to set monetary policy with greater independence from the U.S. Fed Reserves.

BEIJING, May 4 (Xinhua) -- Premier Wen Jiabao on Tuesday told youths to aim high and make concrete efforts to achieve their goals as he spent this year's Youth Day with students from the prestigious Peking University.Wen arrived at the campus Tuesday morning while various clubs and societies, ranging from mountain climbing, astronomy, career development to charity, were holding shows and performances to mark the day.At the calligraphy and painting society section, a philosophy student named Li Danlin gave Premier Wen her calligraphy work of four characters: yang wang xing kong (look up to the starry sky), which is the title of a widely-known Chinese poem written by Wen to encourage young people to aim high and pursue their goals fearlessly. Chinese Premier Wen Jiabao (2nd R, Front) talks with students in the library at Peking University in Beijing, capital of China, May 4, 2010. Wen spent the Chinese Youth Day with students of Peking University here on Tuesday. Wen added another four characters to the work: jiao ta shi di, which means be earnest and down-to-earth.This year's May 4 marks the 91th anniversary of the "May Fourth Movement," an important cultural and political movement in Chinese history that fought imperialism and promoted democracy and science.
STOCKHOLM, May 9 (Xinhua) -- To mark the 60th anniversary of the establishment of diplomatic relations between China and Sweden, a Guqin concert was held in Stockholm on Sunday evening.The concert presented 12 different pieces, half of them about Guqin, some of them are the Xiao, a beautiful flute. Some of them they played together. All the music are about 2000 years old. One of the most beautiful ones is called Liushui, Flowing Water, that piece is on a golden disk in a voyage in an American Spaceship went away in 1977 out in the outer space.Famous sinologist Cecilia Lindqvist planned the concert with the support of Sweden's National Music Association, Chinese Embassy in Sweden and Sweden's Union of Chinese Associations."It's a very important day because 60 years ago exactly on this date, May 9, Sweden and China established diplomatic relations, and actually Sweden was the first country in the west to do so. So we are very proud and we have long been in contact with China after that," said Lindqvist."Since then cultural contacts have developed tremendously, and this concert we are giving tonight is a kind of celebration of this very important day, so we hope lot of people will come here and listen to this music because 60 years is a long period. So we want to present Guqin to the Chinese community here and to all the Swedes who are interested in the Chinese Culture," she added.
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