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BEIJING, Sep. 10 (Xinhua) -- Chinese President Hu Jintao put forward four proposals for improving ties with Central Africa when meeting with his counterpart Francois Bozize Yangouvonda Thursday. "China attaches great importance to the friendship with Central Africa, and we are willing to work with Central Africa to create a new era for our bilateral ties." Hu stressed. Hu made four proposals for the enhancement of bilateral ties during the meeting. First, Hu said, the two countries should cement the political foundation of bilateral ties and strengthen communication and coordination on major issues and important affairs. Chinese President Hu Jintao (3rd L) meets with President of Central Africa Francois Bozize Yangouvonda (3rd R) at the Great Hall of the People in Beijing, capital of China, on Sept. 10, 2009In his second proposal, Hu urged the two sides to expand economic and trade cooperation. China is willing to strengthen economic, trade and technical cooperation with Central Africa to benefit both sides and develop jointly, Hu said. Hu stressed personnel and cultural exchanges and cooperation in his third proposal, urging the two countries to make favorable efforts and build platforms for expanding cultural, educational, sanitary, media and non-governmental exchanges, so as to deepen mutual understanding and develop friendship. He at last proposed the two countries strengthen coordination in multilateral affairs. China is ready to maintain consultation and coordination with Central Africa under the framework of the United Nations and the Forum on China-Africa Cooperation on global issues, so as to jointly safeguard the developing countries' interests, Hu said. "China and Central Africa are friends as well as friendly and cooperative partners," Hu said, adding that it has been the Chinese government's persistent policy to develop long-term, stable, friendly and cooperative relations with Central Africa on the basis of sincerity, equality and mutual benefit. Bozize, who arrived here Wednesday for a week-long state visit to China, said he fully agrees with Hu's notion. Bozize will also visit southwest China's Yunnan Province and southern Guangdong Province
BEIJING, Oct. 9 (Xinhua) -- China's retail sales of consumer goods totaled 570 billion yuan (about 83.5 billion U.S. dollars) during the National Day holiday, with average daily sales up 18 percent compared with the same period of last year, the Ministry of Commerce said Friday. Sales of household appliances soared during the eight-day holiday which started from Oct. 1. Among them, high-definition flat screen TV sets, digital cameras, side-by-side refrigerators and 3G mobile phones are consumers' favorites. In the case of Kaiyuan Mall in Xi'an, capital of Northwest China's Shaanxi Province, sales of household appliances gained by 34.7 percent year on year. Customers are seen at a shopping mall in Shanghai, east China, Oct. 8, 2009 Jewelry and cars became hot sellers as well. The sales of jewelry of Caishikou Department Store in Beijing topped 100 million yuan, up 30 percent year on year. Car sales of major car-selling companies in Southwest China's Chongqing Municipality increased by 71.7 percent year on year. The selling boom in the home appliance and car sectors was partly stimulated by a policy approved by the State Council in June this year, aiming to spur domestic consumption by subsidizing buyers of cars and household appliances, according to the ministry. For example, consumers can first sell their old household appliances to recycling companies and obtain a certification card from the recyclers. Card holders then can purchase new appliances with a 10 percent cut in prices when showing retailers the card. Meanwhile, sales promotion in major cities also played an important role in the holiday consumption boom.
BEIJING, Oct. 6 (Xinhua) -- China's new yuan-dominated loans in September was expected to reach 300-400 billion yuan (44-59 billion U.S. dollars), China Securities Journal reported on its website Tuesday. The figure was less than that of August, which hit 410.4 billion yuan. Liu Mingkang, Chairman of the China Banking Regulatory Commission (CBRC), provided the figure during an International Monetary Fund (IMF) conference held in Istanbul, Turkey on Monday. New loans in the first eight months stood at 8.15 trillion yuan, far exceeding the full-year target of five trillion yuan, according to he People's Bank of China, the central bank, this September. The CBRC reiterated in September that domestic lenders should seek to enhance their risk management and stick to regulatory requirements to reduce worries over financial risks caused by rapid credit growth this year. China began to adopt a moderately easy monetary policy in last November in a bid to maintain economic development amid the financial crisis.
XIAMEN, Sept. 9 (Xinhua) -- China remains the most attractive country for foreign capital, despite that the country's foreign direct investment declined for ten straight months, a commerce official said Wednesday. "China has been the top destination for foreign capital for 17 consecutive years," Wang Chao, assistant commerce minister, said at the World Capital Forum in Xiamen, east China's Fujian Province. A report released by the United Nations Conference on Trade and Development (UNCTAD) on July 22 showed that China stands first on the list of five most attractive destinations for foreign capital, followed by the United States, India, Brazil, and Russia. The country has received 48.3 billion U.S. dollars of foreign direct investment (FDI) from January to July this year, down 20.3 percent over the same time last year amid a global economic downturn, Wang said. Wang said the country's prospects for overseas investment remains optimistic as it would simplify examination and approval procedures toward foreign investors. It will also guide foreign investment to go to high technology industry, advanced manufacturing industry, energy saving and environment protection industries, in a bid to optimize investment structures.
HOHHOT, Aug. 25 (Xinhua) -- The key to social harmony and stability in China is to strengthen and improve the leadership of the Communist Party of China (CPC), Xi Jinping, Vice President and member of the Standing Committee of the CPC Central Committee Political Bureau, said during a tour of Inner Mongolia Autonomous Region. Xi said issues concerning economic development and social stability were top priority in the country's minority areas during his tour from Aug. 22 to 25. He visited villages, customs posts, companies, communities and schools in Hulun Buir, Manzhouli, Baotou, Erdos, and Hohhot. Chinese Vice President Xi Jinping (2nd L) visits at the Carbon-to-Liquid plant of the Shenhua Group Corporation Limited in Ordos, north China's Inner Mongolia Autonomous Region, on Aug. 22, 2009Xi met with industry leaders, including leaders at coal and power giants Huaneng Group and Shenhua Group, and major dairy producer Meng Niu Group. He also inspected the well-known land port of Manzhouli, which links China with neighboring Mongolia. Xi also talked with ethnic Mongolian herdsmen to learn about their work and lives. In Hohhot, the regional capital, he urged officials to work hard to resolve problems regarding people's lives. "Let people of different ethnic groups share the achievements of reforms and development," he said. At the end of his study tour, Xi held a workshop that was attended by leading regional officials.