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BEIJING, July 1 (Xinhua) -- China's latest fuel price hike from Tuesday would certainly pinch the pockets of consumers, but may not leave a lasting impact on the nation's economic recovery, analysts said. Gasoline, diesel and jet fuel prices in the country were raised by as much as 11 percent from Tuesday, the third increase this year and the second in June, to reflect recent price changes in the global oil market. For many like the 24-year-old fashion writer He Yi, it is time to tighten their purse strings, Wednesday's China Daily reported. He said she is determined to use less air-conditioning when driving, despite the scorching heat in Beijing. According to a survey by the Chinese web portal Sina.com, more than 90 percent of the 180,000 respondents said they had decided to drive less in response to the price hike, and more than 94 percent thought fuel prices are too high now. Pump prices for 90 octane gasoline in Beijing was set at roughly 5.71 yuan a liter, or about 3.16 U.S. dollars a gallon, the National Development and Reform Commission, the nation's top economic planning agency, said in a statement on its website late Monday. That compares to an average of 2.69 U.S. dollars a gallon in the United States, according to Bloomberg. China's retail fuel prices are controlled by the government under a mechanism introduced in December that takes into account of crude prices, taxes and a profit margin for refiners. The country may adjust fuel prices when crude prices change more than 4 percent over 22 straight working days. Crude oil futures have risen 60 percent to more than 70 dollars a barrel this year from a July record on signs of a global recovery. However, economists and analysts believe this round of price hike will not have any direct and obvious impact on the Chinese economy, which is largely fueled by coal. "As China only needs oil to supply 20 percent of its energy consumption, costlier oil will not make things as bad as costlier coal," said Lin Boqiang, director of the China Center for Energy Economics Research at Xiamen University. "However, the economy will be hurt if higher crude prices drive up coal prices," Lin said. In addition, China's consumer prices fell for a fourth month in May, making it easier for the government to raise oil prices, said Niu Li, senior researcher at the State Information Center. The price hike comes amid a surge in demand for automobiles in the world's third-largest economy. Passenger car sales rose 47 percent in May to 829,100 units, the biggest jump since February 2006. Chen Zheng, an auto industry analyst with China Securities Co, believed that consumer demand would not be seriously dampened by this round of price hikes, as China's car owners are largely social elites, who can afford the moderate increases in gasoline prices. "But if oil prices continue to surge, I'm sure many people will stop buying new vehicles, especially the high-emission cars," Chen said. PetroChina and Sinopec, two major oil producers, went high shortly after opening, but closed with smaller gains, up 0.28 percent and 0.66 percent to 14.48 yuan and 10.66 yuan respectively in Shanghai Tuesday.

EDINBURGH, May 9 (Xinhua) -- Chinese Vice Premier Wang Qishan said Friday during a visit to Scotland that China hopes to strengthen cooperation with Scotland, especially in the areas of education, culture, tourism and finance. Wang, who is on an official visit to Britain, spoke during a meeting with Alex Salmond, Scotland's first minister. Both sides praised the friendship between China and Scotland and expressed a readiness to strengthen their cooperation as part of an effort to promote the all-round strategic partnership between China and Britain. During the meeting, the two also exchanged views on how to tackle the global financial crisis. "Currently we should further strengthen confidence in the market and recover the functions of the financial market as soon as possible," Wang said. After the outbreak of the Asian financial crisis, China adopted a series of measures that pulled it through the trouble and helped to maintain the stability of the financial market, Wang said. Salmond spoke highly of the economic stimulus packages arranged by the Chinese government to tackle the current financial crisis. Wang arrived at Edinburgh on Friday after a visit to the Europe Union
HEFEI, April 21 (Xinhua) -- Chinese Vice Premier Hui Liangyu Tuesday urged efforts to fight pine wood nematode disease, which has caused severe damage to pine forests in several provinces. Strong measures and more funds must be used to curb the spread of the disease, Hui said. The disease, also known as pine wood cancer, can quickly kill huge numbers of trees. In China, the disease was first detected in1982 in eastern Jiangsu Province. According to a conference in Huangshan City in eastern Anhui Province held by the State Forestry Administration, the disease has spread to 14 provincial regions, killed more than 5 million mu(333,333 hectare) of pine forests and caused huge losses. Attendees at the conference agreed measures must be taken to stop the spread of the deadly disease by 2010 and reduce the area of affected forests 60 percent by 2030.
BEIJING, May 19 (Xinhua) -- China and Brazil issued a joint communique on Tuesday to boost their strategic partnership as Brazilian president visited Beijing. Chinese President Hu Jintao and his Brazilian counterpart Luiz Inacio Lula da Silva agreed that both countries have enjoyed fruitful cooperation since forging diplomatic ties 35 years ago, the communique said. They believed it is of great significance to further facilitate China-Brazil strategic partnership at the current stage. The two countries signed cooperative agreements in politics, law, science, space ,finance, port, energy and agricultural products, among others. Lula da Silva reiterated in the communique his country's adherence to the one-China policy and admitted that the People's Republic of China is the sole legal government of China and Taiwan is a part of China. President Hu highly appreciated that. Chinese President Hu Jintao (R) shakes hands with his Brazilian counterpart Luiz Inacio Lula da Silva after signing the joint communique at the Great Hall of the People in Beijing, capital of China, May 19, 2009. The two sides emphasized the important role of bilateral high-level coordination and cooperation committee in guiding the relations in all sectors. The two countries agreed to maintain high-level visits, and strengthen strategic blueprint on Sino-Brazilian ties through bilateral mechanisms such as strategic dialogue, political consultation between the two foreign ministries and parliamentary bodies. They agreed to hold their second strategic dialogue in the latter half of this year, the communique said. The two leaders decided to map out a joint action plan from 2010 to 2014, which would cover all the fields of existing bilateral cooperation. Chinese President Hu Jintao (3rd L) holds talks with his Brazilian counterpart Luiz Inacio Lula da Silva (3rd R) at the Great Hall of the People in Beijing, capital of China, May 19, 2009.They expressed their satisfaction over the enhanced bilateral economic and trade cooperation, and promised to further promote the diversified trade and growth of bilateral trade. Hu and Lula da Silva reiterated it is of great importance to maintain economic growth and strengthen bilateral trade amid the international financial crisis. They vow to promote cooperation and dispel obstruction in the fields of custom and quality control, to ensure safety and provide convenience to bilateral trade. Both sides encouraged relevant departments and enterprises to carry out investments in the fields of infrastructure construction, energy, mineral, agriculture, industry, and high-tech industries. According to the communique, the two sides are willing to strengthen dialogues on macro-economy policies within the mechanism of bilateral financial ministers' dialogue. The two countries agreed that science and technology played a strategic role in their economic development and competitiveness. They expressed their satisfaction over signing a science and technology and innovation cooperation plan. The two presidents agreed to increase space cooperation and continue joint work on satellite research. China and Brazil in 1988 launched an earth resources exploring satellite program known as CBERS, and three satellites have so far been launched. The information collected by the satellites was offered to other developing countries for free. The project was considered a technology cooperation model between the developing countries. The two sides also agreed to expand cooperation in education, culture, press, tourism and sports. China welcomes Brazil to set up a general consulate in Guangzhou, capital city of south China's Guangdong Province, the document said. Brazil will participate in the 2010 World Expo in Shanghai, and the president wished the World Expo a complete success, according to the communique. The two developing nations agreed to keep close contacts within the frameworks of the Group of Five(G5) and the BRIC (Brazil, Russia, India and China), and enhance coordination with other developing countries, to increase the participation and voices of developing countries in international affairs. Hu and Lula da Silva believe and the two countries have taken "important" measures to tackle the global economic downturn, and made positive contribution to maintain respective economic growth and global economic recovery, the communique said. Chinese Vice Premier Zhang Dejiang (4th R) and Brazilian President Luiz Inacio Lula da Silva (4th L) attend a seminar on the new opportunities of the China-Brazil strategic partnership, in Beijing, capital of China, May 19, 2009. A seminar on the new opportunities of the China-Brazil strategic partnership was held in Beijing May 19. The two presidents proposed deepening the ongoing reform of the International Monetary Fund and the World Bank, in a bid to increase representation and voice of the developing world. They also called on international financial organizations to offer more resource aid to developing countries hit more severely by the global slump, it said. Both sides underscored the significance of the G20 London Summit in fighting the global downturn, calling on the international community to implement the consensus reached during the summit and promote the international financial system reform. According to the communique, the two countries opposed protectionism as a means to survive the crisis. They expected to enhance coordination and cooperation within the World Trade Organization and promote an early conclusion of Doha Round negotiation. Hu accepted Lula da Silva's invitation for him to visit Brazil at a convenient time.
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