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NANJING, Dec. 20 (Xinhua) -- Chinese Premier Wen Jiabao has called for the country to maintain confidence that it can weather challenges amid a "complicated and tough" outlook of economic development."As in 2008, we are now encountering difficulties which can be overcome through hard work," Wen said during his tour to eastern Jiangsu province on Sunday and Monday.Elaborating on the grim situation, Wen said the growth of China's exports has been slowing and the pace of the slowdown has accelerated, especially in the past three months. Meanwhile, the profit margin of the country's manufacturing industry has been squeezed and some enterprises have even fallen into the red.Chinese Premier Wen Jiabao (C) talks to staff members in a small loan company for rural areas in Suzhou National New & Hi-Tech Industrial Development Zone in Suzhou City, east China's Jiangsu Province, Dec. 19, 2011. Wen Jiabao made an inspection tour in Jiangsu on Dec. 18 and 19. He noted that the country is also facing shrinking external demand, rising costs and pressure from both slowing economic growth and high inflation, which makes macro-economic regulation more difficult.Despite emerging challenges, however, the current momentum of China's economic development is "generally good," Wen said.China's economic growth has been slowing all year but remains above the global average. Its GDP growth slowed to 9.1 percent in the third quarter from 9.5 percent in the second quarter and 9.7 percent in the first quarter.To tackle the challenges, Wen said the country will boost domestic demand while stabilizing external demand and keep its export policies such as export tax rebates "basically stable" in the coming year.Efforts should also be made to enhance domestic enterprises' competitiveness, promote the transfer of industry to the country's western regions, and develop the international market, especially in emerging economies, he said.He said China will stick to, and further improve upon, the opening-up policy and welcome foreign enterprises to invest in the country, adding that the country will protect intellectual property rights and implement a fair and open bidding approach in terms of government procurement.Wen also demanded efforts be made to encourage private investment in sectors such as railways, public facilities, finance, energy, education and health-care.Furthermore, he urged banks to take concrete action in better serving the real economy and asked financial institutions to enhance support for enterprises while improving management in order to control the capital bubble and prevent risks.Wen said the southern parts of Jiangsu should engage in a comprehensive development strategy to build the province into a forefront of the country's opening-up drive.
BEIJING, Jan. 4 (Xinhua) -- The Chinese currency Renminbi, or the yuan, rose 8 basis points to a record high of 6.3001 against the U.S. dollar on Wednesday, according to the China Foreign Exchange Trading System.In China's foreign exchange spot market, the yuan is allowed to rise or fall by 0.5 percent from the central parity rate each trading day.The central parity rate of the yuan against the U.S. dollar is based on a weighted average of prices before the opening of the market each business day.

NANJING, Dec. 8 (Xinhua) -- Chinese stargazers will have their best view of a total lunar eclipse in 10 years on Saturday if weather permits, the Zijinshan Astronomical Observatory under the Chinese Academy of Sciences (CAS) said Thursday.Wang Sichao, a research fellow with the observatory, said during the total eclipse, the full moon will not completely disappear from the Earth's shadow, but will take on a brilliant bronze color.He said the eclipse will be the best one seen in China since the last one occurred on Jan. 10, 2001."Theoretically, viewers can observe the eclipse from nearly everywhere in the country on Saturday," said the astronomer.He said the eclipse, the second this year, will last for 51 minutes. It will start at 8:45 p.m. and reach its climax at 10:06 p.m.Wang said Chinese viewers will have to wait until Oct. 8, 2014 to see the next total lunar eclipse.
BEIJING, Oct. 21 (Xinhua) -- Vice President Xi Jinping has said China is willing to cooperate with Russia on strategic security matters, and that the two nations should work more closely on bilateral and multilateral issues.Xi made the remarks on Thursday in his meeting with Russian Security Council Secretary Nikolai Patrushev, according to a press release issued by the Chinese Foreign Ministry on Friday.China will work more closely with Russia in order to strengthen communication and coordination on regional and international issues, Xi said.Patrushev is in Beijing to co-chair the sixth round of China-Russia strategic security talks with Chinese State Councilor Dai Bingguo.Chinese Vice President Xi Jinping (R) shakes hands with Russian Security Council Secretary Nikolai Patrushev (L) in Beijing, capital of China on Oct. 20, 2011.Xi spoke highly of the contribution made by the China-Russia strategic security talks in boosting bilateral political mutual trust and strategic coordination, calling on the two sides to step up strategic coordination in a bid to better safeguard the common interests of the two nations and promote peace and stability in the world.Citing the significant and profound transition of the international situation, Xi said the two nations face opportunities as well as challenges in maintaining a strategically secure environment for their own development.On bilateral relations, Xi said China always prioritizes its relations with Russia in the country's foreign policy. He expressed China's willingness to make concerted efforts with Russia to push forward bilateral cooperation in the political, economic, energy, science and technology fields.Russia was highly satisfied with the current development of the bilateral ties, Patrushev said, proposing the two sides should strengthen strategic communication, expand mutual trust and cement coordination in multilateral organizations such as the United Nations and the Shanghai Cooperation Organization.China-Russia strategic security talks were initiated by leaders of the two countries in 2005.
SEOUL, Jan. 6 (Xinhua) -- LG Electronics, the world's No.2 TV maker, said Friday that it will showcase a smart TV that runs Google TV during next week's Consumer Electronics Show (CES) in Las Vegas.The LG-made Google TV powered by Google's Android operating system (OS) will be unveiled next Monday at the U.S. consumer electronics fair in Las Vegas, according to an e-mailed statement by LG.The Internet TV will offer its Android-based user interface, enabling consumers to enjoy web browsing and social networking, LG said. Multi-taking will also be available as the Internet surfing, social networking and TV functions can be run simultaneously.LG's three-dimensional (3D) technology will be available through its Google TV. With a single click of a remote controller, any two-dimensional (2D) program or movie can be viewed in 3D due to the built-in 2D to 3D conversion engine."Through Google TV, LG has merged Google's established Android operating system with LG's proven 3D and Smart TV technologies, offering consumers a new and enthralling TV experience," said Havis Kwon, chief executive of LG Electronics' home entertainment business.
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