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BEIJING, Dec. 17 (Xinhua) -- Chinese Vice Premier Li Keqiang has urged family planning workers to make more contributions to the long-term balance of the country's population to pave the way for economic and social development.Li made the remarks Friday after meeting with representatives from the China Family Planning Association.Li noted that China's population was experiencing continuous increasing and aging, and limited resources and environments were holding back the country's development more than ever.Li urged family planning workers to pay more attention to the population's quality, structure and distribution, and boost the country's reproductive health in order to transform population pressures into human resources.Founded in 1980, the association is a non-profit, non-governmental organization working in the field of reproductive health and family planning. It has some 94 million members.
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.
NEW DELHI, Dec. 15 (Xinhua) -- Chinese Premier Wen Jiabao on Wednesday called for further promotion of bilateral cooperation and trade links with India.Wen, who arrived here in India's capital city earlier Wednesday for a three-day official visit at the invitation of his Indian counterpart Manmohan Singh, stressed that China and India are cooperative partners instead of rivals."There is enough room in the world for China and India to develop both countries and cooperate with each other," Wen said during a speech before a bilateral business cooperation forum that attracted about 600 business elites from both countries.Hailing the sound momentum of bilateral ties, Wen said that economic and trade cooperation between China and India has witnessed unprecedented progress in recent years. He said the cooperation has entered a most vigorous and fruitful "new period.""The rapid economic growth of both sides served as important engines for world economic growth," Wen said, adding China-India trade cooperation is mutually beneficial and foresees a bright future.In 2009, two-way trade between China and India reached 43.381 billion U.S. dollars."Our trade volume has increased by 20 times in the past ten years, and our mutual investment has brought rich benefits to both sides," Wen said.Regarding India as one of China's largest overseas engineering contract markets, Wen said the two countries enjoy broad market space, and should open markets for each other to give a strong boost to economic growth.
DUSHANBE, Nov. 25 (Xinhua) -- Chinese Premier Wen Jiabao made a six-point proposal for enhancing practical cooperation of the Shanghai Cooperation Organization (SCO) at a meeting held here Thursday.Addressing the ninth SCO prime ministers' meeting, Wen said that the SCO countries should rely on collective powers to better safeguard regional peace and stability and promote a comprehensive and balanced economic, social and cultural development.This is not only in the interests of all member states, but also help make the SCO more united and appealing to others, he said.The Chinese premier said that safeguarding regional security, stability and harmony is of vital importance in promoting the development of the SCO and deepening mutually beneficial cooperation among SCO members.Chinese Premier Wen Jiabao attends the prime ministers' meeting of the Shanghai Cooperation Organization (SCO), in Dushanbe, Tajikistan, Nov. 25, 2010.Thus, he called on the SCO nations to strengthen strategic coordination, boost mutual trust and coordinate actions and set up, step by step, a permanent and effective mechanism of safeguarding regional security and stability and to take joint actions and comprehensive measures to deal persistent, heavier and more effective blows to the "three evil forces" of extremism, separatism and terrorism as well as drug trafficking and transnational organized crimes.First, Wen proposed that the SCO countries boost the vitality of economic and trade cooperation.The SCO countries should stick to the principle of government guidance, encourage enterprises to expand cooperation according to market regulations and rely on science and technology in a bid to accelerate regional economic development, he said.Secondly, Wen called for expanding energy cooperation."We should safeguard energy transportation security, jointly develop wind energy and solar energy and enhance the effective use of energy," he said.Thirdly, Wen called for accelerating infrastructure construction such as highways, railways and information highways, to advance regional communication.Fourthly, the SCO members countries should strengthen agricultural cooperation, Wen said, urging them to conduct research on establishing a SCO food security cooperation mechanism."China is willing to help other SCO member states set up high-tech agricultural demonstration areas," he said.Fifthly, Wen called for deepening financial and monetary cooperation among the SCO member states, noting that they should expand business financing channels, conduct researches on establishing a SCO development bank, discuss new ways of joint financing and joint benefiting, and expand cooperation on local currency settlement.Finally, the Chinese premier called for pushing forward capacity building and people-to-people and cultural exchanges.The SCO countries should further improve the contingency mechanism for handling emergencies at border areas, he said."China is willing to train Chinese language and senior management staff for SCO member states and organize the first university students art festival for the SCO and launch communication and cooperation with SCO member states in traditional medicine," Wen said.During the one-day meeting, the SCO prime ministers agreed to intensify the fight against the "three evil forces" to safeguard regional security and stability, enhance coordination in economic policy to promote trade investment facilitation and deepen cooperation in disaster relief, education and culture to promote sustainable development in the region.The SCO prime ministers decided to hold their next meeting in Russia.Founded in 2001, the SCO consists of China, Kazakhstan, Kyrgyzstan, Russia, Tajikistan and Uzbekistan.Also present at the gathering were delegates from SCO observers India, Iran, Mongolia and Pakistan, and the economic minister of Afghanistan as a guest of the host country.
BEIJING, Jan. 6 (Xinhua) -- China Thursday called on parties involved in the Cote d'Ivoire crisis to solve disputes and differences through dialogue."We appreciate the positive efforts of the African Union (AU) and the Economic Community of West African States (ECOWAS) to promote a peaceful settlement of the Cote d'Ivoire crisis," said Foreign Ministry spokesman Hong Lei at a regular press briefing.Cote d'Ivoire has been in political crisis after both incumbent President Laurent Gbagbo and his rival Alassane Ouattara claimed victory in the presidential run-off of Nov. 28.The AU and the ECOWAS have sent a joint five-member high-level delegation to the Cote d'Ivoire to seek a peaceful resolution to the country's political crisis.Hong said peacefully settling the crisis is in the common interests of west African countries. He urged the parties involved in the crisis "to settle differences, achieve political reconciliation, and maintain national peace and stability through consultation."