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BEIJING, May 10 (Xinhua) -- China will conduct consultations with the European Union on the steel fastener trade dispute in line with the rules of the World Trade Organization's disputes settlement system, said an official with the Ministry of Commerce Monday.China's anti-dumping investigation into carbon-steel fastener imports from the EU was based on Chinese regulations and the assessment of the harm to the domestic industry, said the official.The remarks came after the EU filed a complaint Sunday against China at the World Trade Organization over Beijing's decision to impose anti-dumping measures against carbon-steel fastener imports, which included self-tapping screws, bolts and gaskets.Chinese fastener importers were required to pay a deposit to customs based on the margins -- ranging from 16.8 to 24.6 percent -- between the normal value of the products and the alleged dumping price since Dec. 28, 2009.Initial investigations by the Chinese authorities showed the EU had allegedly dumped carbon-steel fasteners on the Chinese market, which caused substantial damage to the local industry.The temporary anti-dumping measures were adopted to safeguard the legitimate rights and interests of the domestic producers, the official said.China started an anti-dumping probe into EU carbon steel fasteners on Dec. 29, 2008, after an application for a probe by the fastener branch of the China General Machine Components Industry Association on behalf of Chinese fastener producers.
BEIJING, May 20 (Xinhua) -- China and the United States Thursday pledged to deepen clean energy cooperation as U.S. commerce chief led a large green power delegation to Beijing."As major energy producers and consumers, China and the United States can work together extensively in the clean energy field," Chinese Vice Premier Li Keqiang told U.S. Commerce Secretary Gary Locke in Beijing.The driving force behind cooperation, Li said, lies in the fact that China is actively pushing ahead with clean energy projects while the United States has green energy expertise and technology.Li encouraged the two countries to work more closely in clean energy,greenhouse gas emissions reduction, technological development to add to the momentum of sustainable development.Locke is leading a delegation of business executives from American clean energy companies eyeing China's fast growing green energy market, the size of which the United States has predicted will be 100 billion U.S. dollars by 2020."These 24 companies we brought from America represent a cross-section, a variety of different sectors," Locke said at the start of the meeting."But they still represent the best the United States has to offer in terms of clean energy, energy efficiency, electricity generation and distribution," said Locke, who earlier travelled to Hong Kong and Shanghai on the trade mission that started Monday.The diverse trade mission, the first one led by a U.S. cabinet-level official since Barack Obama assumed the presidency, includes leading energy firms like General Electric and First Solar as well as less well-known companies.Locke, on his third visit to China since he became U.S. commerce chief, characterized clean energy as "an extremely promising industry to foster areas of growth and create new jobs."He underscored the U.S.'s commitment to working closely with China in clean energy.Locke will join U.S. Secretary of State Hillary Clinton, U.S. Treasury Secretary Timothy Geithner and other cabinet officials for the Second China-U.S. Strategic and Economic Dialogue scheduled for Monday and Tuesday in Beijing.

BEIJING, April 22 (Xinhua) -- A leading Chinese government think tank Thursday forecast the country's 2010 economic growth would top the 8-percent target set by the central government by almost 2 percentage points.The Chinese Academy of Social Sciences (CASS) forecast China's gross domestic product (GDP) would expand by 9.9 percent this year, 1.2 percentage points higher than last year's growth rate.Its forecast is higher than the 9.6-percent economic growth predicted by the Asian Development Bank earlier this month.Fixed assets investment would rise 33.3 percent year on year in 2010, said a blue book on China's 2010 economic prospects jointly released by the CASS and the Social Sciences Academic Press.The CASS said a slim chance existed of serious inflation in China this year with the consumer price index (CPI), a main gauge of inflation, growing within a moderate range.The book also said the government should make economic policies more flexible and better targeted over the rest of the year, while mapping out plans to withdraw stimulus measures gradually within the next two years without jeopardizing economic growth.China's GDP grew 11.9 percent year on year in the first quarter to 8.06 trillion yuan (1.19 trillion U.S. dollars) and fixed assets investment rose 25.6 percent to 3.53 trillion yuan during the same period.The country's CPI rose 2.4 percent year on year in March, below the government target limit of 3 percent.
BEIJING, April 8 (Xinhua) -- China on Thursday called for Asian media organizations to work closely on building a harmonious Asia.Li Changchun, member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, made the call in a meeting with a delegation of Asian News Network (ANN), which consists of 19 leaders representing newspapers in 15 Asian countries and regions.Li extended a warm welcome to the media leaders, who came to Beijing for ANN's annual meeting."The in-depth discussions among Asian media organizations will help increase understanding and friendship among Asian nations, strengthen Asian media cooperation and boost the development of the Asian and global media industry," Li said. Li Changchun(C, front), member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, meets with a delegation of Asian News Network (ANN), which consists of 19 leaders representing newspapers in 15 Asian countries and regions, in Beijing, April 8, 2010.Founded in 1999, ANN is the world's biggest newspaper alliance, grouping 21 newspapers in 19 Asian countries and regions.Li called on all members of the ANN to work more closely, spread the ideals of peace, development, cooperation and common prosperity so as to build a harmonious Asia and make contributions for a better future for Asian people.Pana Janviroj, ANN's secretary general, said the ANN's annual meeting in Beijing enabled a better knowledge of China's development and deepened communication and friendship with Chinese media organizations.
ISTANBUL, April 14 (Xinhua) -- Li Changchun, a senior official of the Communist Party of China (CPC), said here Wednesday that the economic cooperation between China and Turkey has "broad perspective."Li, a member of the Standing Committee of the Political Bureau of the CPC Central Committee, was on an official goodwill visit to Turkey.He addressed businessmen from Turkey and those Chinese enterprises who operate in this country in the crossroad of Asia and Europe."Mutual trust is the pretext for bilateral cooperation," he said, urging both sides to consolidate political foundation for promoting economic cooperation in line with mutual respect, mutual benefit, equality and common development.Li Changchun, a member of the Standing Committee of the Political Bureau of the Central Committee of the Communist Party of China, addresses the China-Turkey business seminar in Istanbul of Turkey, April 14, 2010.Dual-track trade registered 12 folds growth in the first decade of the new century. The trade volume increased 69 percent in the first quarter of this year, of which Turkey's export to China scored a year-on-year growth at 152.8 percent."We are satisfied with and proud of such performance in the backdrop of international financial crisis," he said, adding the economic cooperation has become "a pillar" of bilateral relationship.The recovery of the world economy still has certain instable and uncertain elements. Under the context, Li made proposals to further promote bilateral economic and trade cooperation.First, he urged the two sides to cherish the traditional friendship and nurture the sound development momentum of bilateral economic and trade cooperation.Second, he required the relevant governmental departments to enhance policy-oriented guidance to the enterprises. The two sides should use different channels, including the dispatch of procurement delegations to the other country, so as to steadily expand trade volume.
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