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LONDON, Feb. 1 (Xinhua) -- Visiting Chinese Premier Wen Jiabao on Sunday warned against protectionism in face of lingering global financial crisis. Speaking at a meeting with former British Prime Minister Tony Blair, Wen said as international financial crisis is spreading, his visit to London was to send a message of confidence for Britain and China to join hands in overcoming current difficulties. Chinese Premier Wen Jiabao (R) shakes hands with former British Prime Minister Tony Blair during their meeting in London Feb. 1, 2009. Wen is on a three-day official visit to Britain, the last leg of his week-long European tour. He noted that the two sides should further explore the potential for cooperation, and guard against trade protectionism, in particular. The premier, who arrived in London on Saturday for a three-day official visit, welcomed British businesses to invest in China, while expressing wishes for Britain to increase exports of goods, technology and equipment to China. On the upcoming G20 summit in April, Wen pledged that China would work together with Britain towards an active achievement. Blair said the international community highly values China's role and views in dealing with the current financial crisis. Wen's speech at the annual meeting of the World Economic Forum in Davos has sent a message of confidence in strengthening cooperation and overcoming difficulties. The former British prime minister noted that Britain supports free trade, and is opposed to protectionism in trade. Businesses in the country also wish to further their ties with China. Chinese Premier Wen Jiabao (R) shakes hands with Britain's Conservative Party leader David Cameron during their meeting in London Feb. 1, 2009. Wen is on a three-day official visit to Britain, the last leg of his week-long European tour.On Sunday, Wen also met with David Cameron, leader of Britain's Conservative Party, the major opposition party. Wen told Cameron that China attaches great importance to developing relations with the Conservative Party, and is willing to further inter-party exchanges and improve mutual understanding and cooperation. Cameron said his party and himself adheres to one-China policy and developing relations with China, and would continue to strengthen exchanges and ties. Wen also briefed China's policy and measures on dealing with financial crisis, adding it's imperative for the two sides to adhere to fair and open trade in resolving issues arising from the international financial system. According to the premier, Sino-British cooperation is beneficial to both countries. Cameron noted that China has been a responsible country in coping with the financial crisis, and China's policies of stimulating domestic demands while keeping its market open has been beneficial to Britain and the world alike. Cameron hoped that the two countries would strengthen bilateral and multilateral ties, and work together in facing the crisis. During his three-day visit, Wen will meet with people from political, business and financial circles. He will also deliver a speech at the University of Cambridge. On Saturday, Wen met with Stephen Perry, chairman of 48 Group Club, and the representatives of "Young Icebreakers." His trip is a return visit for British Prime Minister Gordon Brown's China tour early last year, as a regular high-level meeting mechanism set between the two countries. Britain is the last leg of Wen's week-long European tour, which began Tuesday and has already taken him to Switzerland, Germany, the European Union (EU) headquarters in Brussels and Spain.
BEIJING, Dec. 26 (Xinhua) -- A food company in east China's Shandong Province has been allowed to resume export of bean stuffing to Japan following earlier suspicion of food poisoning, the General Administration of Quality Supervision, Inspection and Quarantine (GAQSIQ) said Friday. In a brief statement posted on its Web site, the GAQSIQ said the Japanese authorities could not conclude that the food-poisoning symptoms of two Japanese people resulted from consumption of the bean stuffing from Qingdao Fushijia Food Co., Ltd. in Shandong. According to the GAQSIQ, the Japanese Ministry of Health and Welfare said Dec. 17 that Japan decided to lift import ban on Fushijia's products since the Chinese side had found no quality problem with Fushijia's bean stuffing. The Japanese side had also not discovered any harmful chemical substance in imported products. Japan banned the import of Fushijia's bean stuffing in September after two employees of a Japanese food producer importing Fushijia's products became ill.
BEIJING, Dec. 1 (Xinhua) -- China was strongly opposed to the accusation of the European Union and Austria over its execution of Wo Weihan, a man spying for Taiwan. "Chinese judicial organs made the verdict and this was completely a matter within the Chinese judicial sovereignty," Chinese Foreign Ministry spokesman Qin Gang said in a statement. He made the statement in response to a reporter's questions: The EU and Austria expressed strong dissatisfaction over Wo's execution in their statement. China's action undermined the mutual trust and mutual respect of human rights talks and would lead to severe effects on human rights talks. The U.S. has also expressed concerns over Wo's case. Qin said: "The trial procedure was just and fair and the rights of the accused were well protected." "China is a rule-of-law country and Wo is a Chinese citizen," Qin said, "the evidence of his crime has been verified." "The accusation against the Chinese judicial authorities intervened brutally into Chinese judicial sovereignty, trampled the spirit of the rule of law, and undermine the basis of the healthy development of the bilateral talks on human rights." "We were strongly dissatisfied with and opposed to (the accusation) and urged all concerned parties to immediately correct the mistake and stop the words and actions concerning interventions of other country's judicature," Qin added.
GUANGZHOU, Nov. 22 (Xinhua) -- What China can do for the world is not to sell out its massive dollar reserve, but slightly increase its hold of the currency to give reasonable support to the U.S. effort to save its economy, said a senior economist here on Saturday. It is indeed difficult for China to handle its huge forex reserve, as the U.S. currency has already depreciated 20 percent against the Chinese yuan, said Cheng Siwei, well-known economist at a financial forum held in Guangdong. "China would suffer from losses if it sells off the dollar, so our strategy should be not to sell, but to slightly increase dollar reserve," said Cheng, also former vice-chairman of the Standing Committee of the National People's Congress (NPC). Cheng made the remarks amid increasing concern that China might use its forex reserve to finance its 4-trillion-yuan stimulus plan. China held 1.9 trillion dollars worth of forex reserve by September this year. China "can only afford to do what is corresponding to its level of development and national power amid a global crisis," said Cheng. "We should be prudent as to how to deal with our forex reserve," said Cheng, noting that China, despite its large size of economy, has its gross domestic product (GDP) accounting for only 6 percent of the world's total, and its per capita GDP ranking falling out of the top one hundred list.
GUANGZHOU, Oct. 20 (Xinhua) -- Chinese exporters, faced with dwindling foreign orders amid global economic slowdown, are diverting their attention to domestic markets. At the ongoing Canton Fair, China's leading trade fair, businesses that canvass foreign buyers are also focusing on the local market as their customers in the Western nations are dragged into recession by the global credit crisis. Qiao Guan, board chairman of the Jiangsu Hotwind Sauna Equipment, said his company is planning to divert some of the business from abroad to the domestic market. The company's sales in the United States, which accounted for about 30 percent of its total exports, had dropped by more than 20 percent this year, Qiao said. He hoped the local sales could compensate the decreasing orders in the foreign market. "We have completed research on the domestic market, which shows some exported goods are affordable and have good sales prospects in the local market," he said. The Himin Solar Energy Group, based in east China's Shandong Province, produces solar water heaters that are sold both at home and abroad. Xue Xinwen, head of the firm's international trade department, said the company had been losing orders as some Western countries canceled subsidies on environment-friendly imports. "We have sent more staff to market our products to local infrastructure authorities and companies," he said. "Domestic consumption has been greatly boosted by a robustly growing economy, creating positive situations for exporters to go local," he said. But the readjustment can be difficult. Li Jianlan, a worker with Wanji Plumbing Materials Co. Ltd, based in Ningbo, said an exclusive exporter like her company lacked channels and brand loyalty in the domestic market. "These are two different kinds of markets, and it takes a lot of work to be familiar with the ways business is done with local buyers," she said. Some goods that are made for export are deemed too expensive for Chinese buyers. Huang Yan, general manager of the L-bright Export Manufacture Corporation, said it had been very difficult to sell its products to domestic buyers as they lacked a price advantage. Local governments, aware of the trend, are taking action to encourage the conversions. Guangdong Province, the country's major exporting base, issued a notice in June, ordering local quality inspection authorities to provide needed technical assistance to exporters.