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VIENNA, May 19 (Xinhua) -- Chinese Minister of Commerce Chen Deming stressed Wednesday that, especially under the current“financial crisis, the exchange rate stability is the most important, which is not only a national responsibility, but also a responsibility for the world economic recovery."At a press conference jointly held with Reinhold Mittelehner, the Austrian Minister of Economic Affairs, and Christoph Leitl, president of the Austrian Chamber of Commerce, Chen said China will continue to maintain the stability of the Chinese yuan exchange rate to ensure economic stability.He believed that the exchange rate has an impact on national trade, but it is not the decisive factor. National trade would be more affected by such other factors as economic structure, resource allocation, as well as the stage of technology and development.He also stressed that the exchange rate is a sovereign issue of each country, which should be set by each country according to its own situation.The Chinese trade and investment promotion mission with over 80 Chinese enterprises, which is led by Chen, participated in the economic forum held by the Austrian Chamber of Commerce, discussing with about 100 major Austrian enterprises and signing a series of economic cooperation agreements.
BEIJING, May 5 (Xinhua) -- Senior Chinese leader Zhou Yongkang on Wednesday met with members of the eighth peacekeeping team to Haiti who have returned from the Caribbean country, hailing the team's fearless spirits and hard work during the Jan. 12 quake."In the face of the sudden earthquake, tough environments and dangerous missions, you finished all duties for peacekeeping and quake relief fearlessly and brilliantly," said Zhou, member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, as he met with all 126 members of the team.He extended his respect to all Chinese peacekeeping police. Zhou Yongkang, member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee and also the secretary of the CPC Central Political and Legislative Affairs Committee, meets with the crew of the 8th squad of Chinese peacekeeping riot police in Haiti, in Beijing, capital of China, May 5, 2010.Zhou said the team had won high praises from the United Nations and the government and people of Haiti."Meanwhile, we will never forget the eight peacekeeping heroes who died during the quake," he said.The Haiti government estimated the 7.0 magnitude earthquake killed more than 200,000 people, injured and permanently disabled many thousands and left 1.5 million people homeless.
BEIJING, April 17 (Xinhua) -- China is disappointed the European Union (EU) has decided to launch an anti-subsidy investigation into imported Chinese coated paper, Ministry of Commerce (MOC) spokesman Yao Jian said Saturday."China will closely follow this issue and reserves its right to take necessary measures in accordance with WTO rules," Yao said.He said the coated paper probe is the EU's first anti-subsidy investigation into Chinese products.The EU launched an anti-dumping investigation on Chinese coated paper two months ago, he said.Increased trade protectionism is a major threat to the world economy recovery, Yao said."To create a win-win situation, China and the EU should settle trade disputes cooperatively," he added.MOC data shows the EU initiated seven anti-dumping investigations against China in 2009.The EU is China's largest trade partner, with bilateral trade volume exceeding 360 billion U.S. dollars last year.