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BEIJING, April 15 (Xinhua) -- The goal of China's foreign trade policy in 2010 was to improve its trade balance while maintaining steady export growth, said the Ministry of Commerce (MOC) spokesman Thursday.The country's trade surplus was expected to shrink by another 100 billion U.S. dollars in 2010, said Yao Jian, the MOC spokesman, at a press conference.The statement came less than a week after the country posted its first monthly trade deficit for March in six years, which was valued at 7.24 billion U.S. dollars, according to the General Administration of Customs (GAC) last Saturday.The GAC said the March deficit mainly stemmed from shrinking exports of labor intensive products, surging imports volumes and rising commodity prices, and predicted the country's trade surplus might continue decrease for the rest of the year.Echoing the GAC, Yao said the country's foreign trade was likely to keep heading toward a more balanced state, while some experts predicted China's trade would soon return to surplus."The trade deficit registered in March demonstrated expanding domestic demand accompanied by lukewarm demand in the international market," Yao said."Because such a situation would continue, the monthly trade deficit seen in March would remain, at least in the first half of 2010," he said.The deficit also proved that, in an era of economic globalization, it was market supply and demand, and other factors that decided trade balance rather than exchange rates, said Yao.Yao portrayed the deficit in March as the continuation of a shrinking trade surplus that started to appear in 2008, and also as a result of the central government's macroeconomic policy in balancing the economy.In recent years, China has worked hard to restructure its economy away from excessive dependence on exports and the manufacturing sector, while a whole range of measures have been taken to expand domestic demand.The goal of China's foreign trade policy was to further balance trade while maintaining stable growth in exports, he said.Yao expected the ratio of China's trade surplus to its gross domestic product (GDP) to fall to 3 to 4 percent from last year's 5.7 percent.When an economy's ratio stays between 5 percent and minus 5 percent, its trade can be considered as more or less balanced, said Yao Jian, citing a commonly accepted standard adopted in the economics field.The conclusion coincides with another set of data provided by the GAC chief Sheng Guangzu in an exclusive interview with Xinhua on Wednesday.Sheng said the ratio of China's trade surplus to its total trade volume declined to 2.3 percent in the first quarter this year from more than 10 percent registered between 2006 and 2008."When the ratio is below 10 percent, it means the country's foreign trade can be deemed as balanced," said Sheng citing an international standard.Sheng also said that China never worked towards having a trade surplus and the country was committed to making its foreign trade more balanced.China's trade surplus would continue to shrink as a result of the country's efforts to restructure and balance its foreign trade, he said, echoing the views of Yao.
SHANGHAI, April 21 (Xinhua) -- China Eastern Airlines resumed some flights to Europe Wednesday, a week after ash from a volcanic eruption in Iceland halted air travel.China Eastern resumed services between Shanghai and some European cities including Moscow, Frankfurt and Paris.The airline had canceled 17 flights bound for London, Moscow, Frankfurt and Paris from April 15 to 20, affecting about 8,000 passengers.The carrier said it used bigger Airbus A346 and A343 models to transport as many stranded passengers as possible.German airline Lufthansa resumed flights from Shanghai to Frankfurt late Tuesday. Other European carriers, including Air France, Virgin Atlantic, KLM and Aeroflot, resumed services between Shanghai and Europe Wednesday. Finnair would resume services Thursday, the Shanghai Airport Authority said.Europe's air traffic slowly began to return to normal Tuesday with almost half of all scheduled flights taking to the skies, but officials warned it could take weeks to clear the backlog of millions of passengers stranded since the volcano erupted April 14.

BEIJING, May 7 (Xinhua) -- Li Changchun, a leader of the Communist Party of China (CPC), watched Friday evening an opera of the Democratic People's Republic of Korea (DPRK) which was adapted from the Chinese classic A Dream of Red Mansions.The DPRK Phibada Opera Troupe staged in Beijing the adaptation of the masterpiece by Cao Xueqin, a novelist in the 18th century. The opera is scheduled to premiere in Beijing from Thursday to Sunday before starting a tour in other cities of China.Li, member of the Political Bureau Standing Committee of the CPC Central Committee, praised the brilliant performance of the DPRK artists, saying the opera show will contribute to friendship between the two countries. Li Changchun (3rd R front), member of the Political Bureau Standing Committee of the Communist Party of China (CPC) Central Committee, watches an opera of the Democratic People's Republic of Korea (DPRK) which was adapted from the Chinese classic A Dream of Red Mansions in Beijing, May 7, 2010Under the instruction of late DPRK leader Kim Il Sung, the DPRK artists adapted the Chinese story in the 1960s. DPRK top leader Kim Jong Il instructed that the opera be further improved and put on stage as a major event for the China-DPRK Friendship Year in 2009.The DPRK opera's debut in China coincides with Kim Jong Il's unofficial visit to the China from May 3 to 7.
ULAN BATOR, June 1 (Xinhua) -- Visiting Chinese Premier Wen Jiabao and his Mongolian counterpart Sukhbaataryn Batbold agreed Tuesday to deepen bilateral cooperation in various areas including energy, trade and environmental protection.China and Mongolia should strengthen exchanges and cooperation and advance the partnership of good-neighborliness and mutual trust between the two countries, Wen said in talks with Batbold in Ulan Bator, Mongolia's capital.China is ready to maintain exchanges of high-level visits with Mongolia, said the Chinese premier, who arrived earlier in the day for a two-day official visit.He said the two nations should strengthen mutual political trust and continue to extend firm support to each other on major issues concerning their respective core interests.Chinese Premier Wen Jiabao (L) shakes hands with his Mongolian counterpart Sukhbaataryn Batbold in Ulan Bator, Mongolia, June 1, 2010. Wen also said the two sides should adopt practical measures to deepen their trade and economic cooperation and make efforts to promote cooperation in mineral resources development, infrastructure construction and finance.China is also willing to boost cooperation with Mongolia in energy, environmental protection and transportation, he added.During the talks, the Chinese premier pledged continued support and assistance for Mongolia's economic and social development.He suggested that the two sides launch a feasibility study at an early date on a China-Mongolia free trade area (FTA).As an effort to promote cultural exchanges, Wen said China will offer 2,000 government scholarships to Mongolian students in the next five years.Batbold said Mongolia is ready to increase cooperation with China in such areas as finance and environmental protection.Expressing support for a FTA, he said Chinese enterprises are welcome to expand investments in Mongolia and participate in the country's infrastructure construction and the development of mineral and energy resources.Batbold said trade and economic cooperation with China, Mongolia's largest trading partner and biggest source of investment, has been fruitful in recent years.Mongolia highly values its relations with China and will adhere to the one-China policy, said the Mongolian leader.He also said Mongolia will steadfastly support the Chinese government's position on the issues of Taiwan and Tibet.The two sides also pledged to work together to safeguard regional peace and stability.Mongolia is the third leg of Wen's four-nation Asian tour, which has already taken him to South Korea and Japan. He will also visit Myanmar.
NARA, Japan, April 19 (Xinhua) -- Former Chinese Vice Premier Zeng Peiyan said Monday that China, Japan and South Korea are " mutually complementary in economy and closely linked in trade.""The considerable disparity in their resources, technological levels and labor costs highlights enterprises' comparative advantages and is conducive to transnational investments and trade, " said Zeng in his keynote speech at the fifth session of the Northeast Asia Trilateral Forum."Japan and South Korea are more advanced than China in economic development, and have accumulated much experience in achieving economic transformation, dealing with the relation of development and environment and tackling international trade frictions, from which China could draw lessons and benefit," he said at the one- day forum taking place in the ancient Japanese city of Nara.There thus exists great potential as well as a broad prospect for their future practical cooperation among the three nations, said Zeng.The three need to continuously substantialize the content of their partnership, infuse new elements in their cooperation and improve their communication and coordination from trilateral, regional and global aspect, he said.In his keynote speech, former Japanese Prime Minister Nakasone Yasuhiro said that Japan, China and South Korea should further prompt their cooperation and make their voice more clearly heard on the world stage in a bid to safeguard the stability of Asia as well as that of the world at large.The three need to set as their long-term aim the establishment of a regional cooperative mechanism in areas of East Asia's politics and security, economy and culture, and jointly play a leading role to that end.Former South Korean Prime Minister Lee Hong-koo, for his part, said that faced with problems such as the security and stability of global financial markets, trade liberalization, climate change and the proliferation of nuclear weapons, it draws worldwide attention how the three nations coordinate with each other to adopt a unanimous stance.Zeng arrived here Saturday to attend the fifth session of the Northeast Asia Trilateral Forum that opened earlier Monday.The trilateral gathering drew 29 former high-ranking officials and prominent figures from political, academic and business circles of China, Japan and South Korea.The forum, cosponsored by China's Xinhua News Agency, Japan's Nikkei news group and South Korea's leading daily newspaper JoongAng Ilbo, aims to strengthen non-governmental exchanges among the three nations.The yearly event has been held alternately in the three countries since 2006.
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