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BEIJING, April 29 (Xinhua) -- A senior official of China's Ministry of Commerce (MOC) said Wednesday that China might organize another procurement delegation to Europe, and France might also be one possible stop on the delegation's tour. Wu Xilin, head of the outward investment and economic cooperation department of the MOC, told reporters Wednesday that the exact time and countries to visit were under discussion. Chen Deming, China's Commerce Minister, led a Chinese buying team to visit Germany, Switzerland, Spain and Britain this February. Procurement agreements worth more than 13 billion U.S. dollars were signed during the trip.
BEIJING, May 15 (Xinhua) -- China has called for the EU to recognize its market economy status soon, said Yao Jian, spokesman for China's Ministry of Commerce (MOC) here Friday. China's Commerce Minister Chen Deming will attend the 11th China-EU Summit in Prague in the Czech Republic next week, Yao said. The summit will address China's desire to be recognized as full market economy by the EU soon, the limitation on high-tech exports to China from the EU and bilateral economic cooperation, Yao said. China need not be recognized by any country in terms of market economy as a concept, but market economy status is a technicality that will help China receive fair treatment in anti-dumping investigations, Yao said.
BEIJING, April 30 (Xinhua) -- Chinese President Hu Jintao Thursday morning presided over a top-level meeting discussing how to deal with any possible H1N1 influenza epidemic, Health Minister Chen Zhu said at a news briefing. Hu, also general secretary of the Communist Party of China Central Committee, called together other members of the Standing Committee of the CPC Central Committee Political Bureau to discuss the specific issue, which was triggered by the spread of a new strain of H1N1 virus in North America and other regions. Hu and other top leaders heard briefings of the country's prevention and preparation for possible epidemic in China, Chen said, adding that the top meeting delayed the scheduled press conference to the afternoon.Chinese Health Minister Chen Zhu attends a press conference held by the State Council Information Office of China in Beijing on April 30, 2009. Chen said on April 30 that the country is "confident" and "capable" of preventing and containing the H1N1 influenza epidemic, which is believed to have claimed 160 lives globally.
BEIJING, May 22 (Xinhua) -- Twenty-nine large and medium-sized Chinese steel producers reported 5.18 billion yuan (762.46 million U.S. dollars) in aggregate losses in the first four months, the China Iron and Steel Association (CISA) said here Friday. The 29 producers were among 72 surveyed by CISA, the association's vice chairman, Luo Bingsheng, said. The 72 companies reported 575.59 billion yuan in revenue, down 18.9 percent year on year, Luo said. They paid 15.42 billion yuan in taxes, down 85.07 percent year on year, Luo said. Losses were mainly caused by slumping domestic steel prices, Luo said. Many producers have cut costs, and the production cost of steel dropped 13.75 percent in the first quarter, Luo said.
BEIJING, May 27 (Xinhua) -- China's State Council announced Wednesday further support policies, including expanded export credit insurance, tax breaks and more financial access, to help exporters. An executive meeting of the State Council, or Cabinet, also said the country would keep the yuan "basically stable" at a "reasonable and balanced" level to help exporters avoid exchange risks. The meeting was presided over by Premier Wen Jiabao. This file photo shows the launch of the Jan Van Cent, a 12,000-tonnage multi-purposed oceangoing freight ship for an export order to the Netherlands, is held at the Yichang Shipyard, in Yichang, central China's Hubei Province, May 9, 2009 The government will provide 84 billion U.S. dollars worth of short-term export credit insurance to trading companies to help increase exports. Preferential policies and tax breaks will mainly go to labor-intensive and high-tech industries to protect world market share. Smaller companies would get more financing guarantees from financial institutions, as the government promised to allocate unspecified extra funding from the central budget. Shrinking external demand that lead to export declines would remain "the biggest difficulty" facing the economy, participants to the meeting agreed. They also called for coordinated efforts in expanding domestic demand and stabilizing exports, so as to reduce the impact of global financial crisis on China's foreign trade to the minimum. China raised export rebates on some products after exports shrank on weakening overseas demand since the second half of 2008. For example, the government raised the tax rebate rate for textiles five times since August, most recently last month when the rate went from 15 percent to 16 percent.