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BEIJING, June 22 (Xinhua) -- Chinese Vice Premier Li Keqiang has said the transformation of the country's economic growth pattern is a significant change for the country that needs "new ideas and innovative approaches.""The transformation of the economic growth pattern is a comprehensive and profound change, and it involves new ideas and innovative approaches. We must accelerate reform and opening-up in order to achieve it," Li said at a meeting of the Chinese People's Political Consultative Conference (CPPCC) to solicit proposals for the country's 12th five-year (2011-2015) plan.Li, also a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, said that the transformation is essential for the sustainable development of the country's economy."Currently, the country's economic development is at a new starting point. In the new situation, we must seize opportunities and walk forward against various difficulties to consolidate the good momentum for economic recovery..." he said.The four-day meeting, starting Tuesday, was presided over by the country's top political advisor, Jia Qinglin.Jia urged all CPPCC members to contribute to the making of the five-year plan with valuable proposals on key issues.
BEIJING, June 21 (Xinhua) -- China's top legislator, Wu Bangguo, met Monday with a delegation from the Ethiopian House of Federation, pledging closer links between the two countries on the occasion of the 40th anniversary of diplomatic ties.Meeting with the delation led by Speaker Degefi Bula, Wu, chairman of the Standing Committee of the National People's Congress (NPC), described bilateral ties as an example of friendship between China and African countries.Since the two countries established diplomatic relationship 40 years ago, China and Ethiopia had seen consolidated and progressive friendly cooperation in the spirit of mutual respect and equality, said Wu.The establishment of a comprehensive cooperative partnership in 2003 set the direction for the future development of relations, said Wu.Wu said China was willing to work with Ethiopia to tap cooperative potential and boost traditional friendship.Wu said parliamentary exchanges between the two countries had played positive roles in promoting nation-to-nation relations.Wu urged the two countries to deepen cooperation between special committees and friendly groups within both parliaments in a bid to introduce new energy into China-Ethiopia ties.Degefi expressed his appreciation for China's assistance to African countries, including Ethiopia, saying the Ethiopian government and parliament highly valued relations with China and would learn from China in its economic development, technological progress and national unity.Ethiopia would make joint efforts with China to enhance cooperation in areas like agriculture, science and technology, and infrastructure, said Degefi.
NGARI/CHENGDU, July 2 (Xinhua) -- Southwest China's Tibet Autonomous Region, known as the "Roof of the World", on Thursday opened its fourth civil airport in farwest Ngari area, shortening a trip to the regional capital Lhasa to one and half hours from three or four days by car.An Airbus 319 landed at Gunsa Airport in Ngari Prefecture at 10:20 a.m., marking the airport's official opening.The passenger flight from Chengdu, capital of the neighboring Sichuan Province, was operated by Air China's southwestern branch.An Air China flight would fly from Chengdu to Lhasa and on to Ngari every Tuesday and Friday, said Bao Lida, a spokesman with the company's southwestern branch based in Chengdu."The flight leaves Chengdu at 5:50 a.m. and arrives in Lhasa two hours later," said Bao. "It leaves Lhasa at 8:40 a.m. and arrives Ngari at 10:20 a.m."At an altitude of 4,274 meters with a 4,500-meter runway, Gunsa Airport is now the third highest airport in the world. Bamda Airport in Qamdo in eastern Tibet and Kangding Airport in Sichuan Province sit 4,334 meters and 4,280 meters above sea level, respectively.Annual capacity of Gunsa Airport is expected to reach 120,000 passengers by 2020.Before the airport opened, Ngari was linked to Lhasa only by road, taking three or four days to cover the 1,600-km route."Bad transportation infrastructure was the biggest bottleneck crippling Ngari's development, but now with a 100-minute flight, I believe it would bring talents and business opportunities to Ngari ," said Dawa Tashi, deputy secretary of the prefecture committee of the Communist Party of China.But the pricey flight fare of 2,590 yuan (382 U.S. dollars) for the 100-minute flight from Ngari to Lhasa might be out of many people's reach in a prefecture where the annual per capita income was only 3,148 yuan in 2009, which was a 16.8 percent increase compared with that in 2008.Construction of the airport began in May 2007 and cost an estimated 1.65 billion yuan (241.22 million U.S. dollars).The flight distance between Chengdu and Ngari is 2,300 km. Tickets can be purchased at several ticket offices, but are not available on the Internet."This is the first time that I flew to Ngari and it was much more convenient than before," said Liu Li, a passenger on the plane.Liu said she and her friends from south China's Guangdong Province and East China's Shanghai Municipality would visit Ngari since they no longer have to come here by bus, which was a difficult journey.Gunsa Airport is the fourth civil airport in Tibet after Gonggar Airport in Lhasa, Bamda Airport in Qamdo Prefecture and Nyingchi Airport.A fifth airport, Peace Airport in Xigaze, is expected to open in October.Exactly four years ago, China opened a landmark railway linking Tibet with major cities, including Beijing, Shanghai and Guangzhou.
BEIJING, Aug 5(Xinhunet) -- China's machinery industry has rebounded during the first half of this year, but the momentum is likely to slow as the country's economy cools.The machinery industry has grown by 37 percent during the first six months of 2010, with a total output value of 6.59 trillion yuan, according to the China Machinery Industry Federation, a quasi-governmental institution that oversees growth of China's machinery sector.The machinery industry, which has benefited from the government's 4 trillion yuan investment spending spree, enjoyed expansion in large-scale construction projects over the last year. The construction machinery sector reported 54 percent growth during the first half of this year, according to the federation.The strong growth of the industry is based on preliminary statements by several listed machinery companies submitted to the stock exchange.Shanghai-listed Zoomlion Heavy Industry Science and Technology Development Co, which is also planning to launch a listing in Hong Kong, predicted its profit would grow by 50 percent to 100 percent over the first half this year.Sany Heavy Industry Co is also expected to record 85 percent growth this year, according to Ping An Securities. The maker has already reported a growth rate of 170 percent in profit during the first quarter of this year.However, not all machinery industry sectors are reporting the same momentum as domestic demand has decreased this year. New orders in power generation equipment, transmission and substation equipment as well as heavy machinery, have rolled back this year."It is unlikely to see significant growth in the output of power equipment this year and it will probably stand around 117 million kW since the base figure is already huge," according to Cai Weici, vice-president of the federation, adding that China's output of power equipment already makes up half of the world's total."There is also less demand for heavy machinery used in steel production because the industry is eliminating outdated productivity, thus reducing market demand," Cai said.Fixed-assets investment in the machinery industry which has maintained a growth rate of over 40 percent since 2004 slowed down by 27 percent to 79.8 billion yuan, signaling less reserved strength for further growth.In term of exports, the machinery industry will be exposed to several uncertain factors including a more flexible yuan exchange rate as well as rising labor and raw material costs.The federation forecasts the industry's growth rate will be 20 percent in 2010.
HONG KONG, July 9 (Xinhua) -- A moderate earthquake measuring 5. 2 on the Richter scale struck the east coast of Taiwan on Friday, the U.S. Geological Survay (USGS) said.The quake hit at 3:43 a.m. local time (1943 GMT Thursday), at about 90 km southeast of Taipei at a depth of 21 km, according to the USGS.