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BEIJING, Aug. 29 (Xinhua) -- China's limits on the use of plastic bags cut crude oil consumption by 3 million tonnes per year, according to the National Development and Reform Commission (NDRC). Since June 1, 2008, all Chinese retailers, including supermarkets, department stores and groceries, no longer provided free plastic shopping bags. In addition, China banned ultra-thin plastic bags, or those thinner than 0.025 mm. China is trying to cut the use of plastic bags in a bid to reduce energy consumption and polluting emissions. The plastic bag limits could save about 2.4 million to 3.0 million tonnes of crude oil every year and cut 7.6 million to 9.6 million tonnes of carbon dioxide emissions every year, the NDRC said. The NDRC said it would further implement the regulations and inspect execution of the ban nationwide. Retailers who did not list shopping bags on the receipts or continued to provide free plastic shopping bags would be fined from 5,000 yuan (732.06 U.S. dollars) to 10,000 yuan, according to the State Administration for Industry and Commerce.
BEIJING, Sept. 5 (Xinhua) -- The Chinese economy is experiencing a "V" shape recovery and the growth rate may reach 8 percent both this year and next year, said Chinese economist Fan Gang said here Saturday. Fan, a monetary policy adviser to China's central bank, said at the 2009 annual conference of CEO in Beijing, that the economy will see a sustainable recovery and will be back to normal in 2011,according to a report of the China News Service. He predicted that the real estate investment will increase by around 30 percent in 2010, which will add one percentage point to economic growth. Corporate investment is expected to grow prominently next year and as the global trade is warming up, Chinese export, which still enjoys the cost advantage, will recover. "After the economy is back to normal in 2010, the government will adjust the macro-economic policy. But before that happens, the current stimulus policy should stay to sustain the recovery," he said. Fan said people should adjust their expectation of economic growth and not regard recovery simply as a double-digit growth. A growth grate of 8 percent to 9 percent is sustainable growth.

DALIAN, Sept. 10 (Xinhua) -- Chinese Premier Wen Jiabao said on Thursday that the World Economic Forum (WEF) is helpful in gathering confidence for fighting global economic downturn. Wen made the remarks while meeting with WEF chairman Klaus Schwab on the sidelines of the the Annual Meeting of the New Champions 2009, also known as the Summer Davos. The three-day forum, held in northeastern China's port city Dalian, has attracted some 1,400 participants from 86 countries and regions to discuss topics about the theme of "Relaunching Growth". Chinese Premier Wen Jiabao (R) shakes hands with founder and executive chairman of World Economic Forum Klaus Schwab during their meeting in Dalian, northeast China's Liaoning Province, Sept. 10, 2009. Klaus Schwab is here to attend the Annual Meeting of the New Champions 2009, also known as the Summer Davos. The WEF has played a positive role in helping the international community reach consensus and jointly tackle global financial crisis, said Wen. Schwab said China actively deals with financial crisis and has facilitated the process of world economic recovery.
LONDON, Sept. 4 (Xinhua) -- Chinese Finance Minister Xie Xuren said on Friday that the current economic stimulus measures should be maintained to ensure economic recovery and growth worldwide. After a BRIC-country meeting held in London, Xie told a news conference that the four countries are now at a key stage of economic recovery, and should strengthen their coordination of economic policy. The finance ministers and central bank governors of Brazil, Russia, India and China, the so-called BRIC countries, gathered in London on Friday to discuss the current situation of the world economy, as well as their governments' fiscal and monetary policy responses. Xie stressed that promoting the reform of international financial institutions is a common consensus reached at the G20 summit held in London in April, adding that "we must put it into practice in accordance with the timetable." The Chinese minister also called on the international community to attach great importance to the imbalance between the North and the South, and to further help developing countries realize common development, so as to achieve a fundamental balance and sustainable growth of the global economy. Alexey Kudrin (2nd L), Xie Xuren (4th L), Guido Mantega (4th R) and Pranab Mukherjee (2nd R), finance ministers from Russia, China, Brazil and India, have a group photo taken with other attendees prior to their meeting in London, capital of the U.K., Sept. 4, 2009. Officials from Brazil, Russia and India echoed Xie's opinion, saying that they hoped the G20 countries would not abandon their fiscal stimulus packages too early. They vowed to make more efforts to maintain world trade growth and sustainable economic growth, and looked forward to strengthening the role of the new emerging countries in the international financial institutions. During the meeting, held on the sidelines of the G20 Finance Ministers and Central Bank Governors meeting to be held this weekend, the BRIC officials "noted the key role that the G20 has played as the focal point in the coordination of international responses to the global crisis and exchanged views on the reform of international financial institutions." The officials agreed that emerging market economies have shown resilience and helped the world economy absorb the impact of the deterioration of trade, credit flows and demand. In many of them, growth is already back on track after a few quarters of recession or slowdown. Chinese Finance Minister Xie Xuren (2nd R) speaks at a press conference after meeting with his counterparts from Rissa, Brazil and India in London, capital of the U.K., Sept. 4, 2009. Despite these positive signs, it is too early to declare the end of the crisis. The global economy still face great uncertainty, and significant risks remain to economic and financial stability, they said. The BRIC countries called on the G20 countries to continue to implement countercyclical fiscal and monetary policies in a sustainable and internationally-coordinated manner, and take effective measures to guard against potential economic risks while respecting the particular conditions of each country.
BUCHAREST, Oct. 19 (Xinhua) -- Visiting Chinese Vice President Xi Jinping on Monday held separate talks with Mircea Geoana, speaker of Romania's Senate, and Roberta Anastase, speaker of the Chamber of Deputies of Romania. During his meeting with Geoana, Xi said the establishment of diplomatic ties between China and Romania 60 years ago was a milestone in the development of bilateral relations. Despite the changing international situation the two peoples have always respected each other, treated each other equally and valued each other's interests and concerns during the past six decades, Xi said. Chinese Vice President Xi Jinping (L) meets with President of Romania's senate Mircea Geoana in Bucharest, Romania, Oct. 19, 2009. The history of the friendly exchanges between the two countries in the past 60 years indicates that the two peoples are reliable all-weather friends and all-around partners, he said. Xi said his visit is aimed at taking the 60th anniversary of the establishment of diplomatic ties between China and Romania as a new starting point to consolidate friendship, deepen cooperation and push forward China-Romania relations in the next 60 years. Geoana said that Xi's visit to Romania on the occasion of the 60th anniversary of Romania-China relations is of great importance and will definitely promote the development of the all-round friendly cooperative partnership between the two countries and lift the bilateral ties to a new height. Chinese Vice President Xi Jinping (L) meets with Romanian Chamber of Deputies Speaker Roberta Anastase in Bucharest, Romania, Oct. 19, 2009All Romanian political factions are highly consistent in developing Romania-China relations and are willing to strengthen the all-round pragmatic cooperation with China, he said, noting that the Romanian parliament is ready to make contributions in this r
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