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BEIJING, Jan. 5 (Xinhua) -- Chinese exporters face an increased risk of not being paid for their goods as foreign banks run out of cash and some overseas importers evade paying debts, China's Ministry of Commerce (MOC) warned Monday. "The cases of malicious debt evasion and breach of contracts by importers in certain countries or regions are on the rise," said the ministry in a notice. It attributed the phenomenon to the impact of the deepening global financial crisis. The MOC urged local governments, guilds and overseas Chinese businesses to more closely monitor the credit of foreign importers. Priority should be placed on tracking the credit ratings of foreign lenders, it said. The ministry also called on local governments to support the development of export credit insurance and encourage exporters to carry such insurance by reducing premiums. From January to November last year, China Export & Credit Insurance Corporation (SINOSURE) provided 56.5 billion U.S. dollars of guarantee for exporters against credit risks such as payment default. That is 63.6 percent higher than the same period a year earlier. The reason for the increase is that more exporters sought insurance, company figures show. SINOSURE is China's only policy insurance company undertaking export credit insurance. In that period, SINOSURE paid 210 million U.S. dollars of indemnities, up 174.5 percent from the same period of 2007. In December, the insurer reduced credit ratings for a record 48countries, including the United States. A total of 191 countries were reappraised in December.
BEIJING, Jan. 23 (Xinhua) -- The Political Bureau of the Communist Party of China (CPC) Central Committee held a meeting Friday to study the application of the scientific outlook on development. The meeting was chaired by the General Secretary of the CPC Central Committee Hu Jintao who is also Chinese President. In a statement issued after the meeting, the Political Bureau urged all Party members to deepen study and application of the scientific outlook on development to promote economic growth, social stability, and the governance capacity of the CPC. The top priority of the application of the scientific outlook on development had always been to maintain fast and steady economic development, to adjust the country's industrial structure and to safeguard and improve the livelihood of the Chinese people, the statement said. However, it noted that China still faced a number of challenges and problems during its social and economic development. Currently, the spreading global financial crisis and the slowdown of world economic growth had exerted great pressure on business operations of Chinese companies and the country's employment situation, the statement said. Moreover, the environmental cost for China's economic development was too high, the statement said, adding that the country's industrial structure remained problematic and lacked independent innovation capacity. It also said China had witnessed increasing difficulty in maintaining steady development of its agricultural sector and in increasing income of its rural residents. Work safety, food and drug safety, and other issues of vital interest to the Chinese public must also be addressed with stepped-up efforts, it said. The statement urged all Party members to apply the scientific outlook on development to their work to deal with the global financial crisis and maintain steady economic growth. Party members should be fully confident while implementing government policies aimed at stimulating domestic demands and promoting economic growth, it said.

SHANGHAI, Dec. 21 (Xinhua) -- A senior Chinese leader has urged Shanghai, the country's major economic hub, to use the global financial crisis as a driving force to pursue economic restructuring. Jia Qinglin (C), chairman of the National Committee of the Chinese People's Political Consultative Conference and member of the Standing Committee of the Communist Party of China (CPC) Central Committee Political Bureau, visits Shanghai Electric Nuclear Power Equipment Co. Ltd., in Shanghai, east China, on Dec. 20, 2008. Jia Qinglin paid a visit to Shanghai from Dec. 19 to Dec. 21. Shanghai should focus on developing equipment manufacturing, modern logistics, financial services, electronic commerce, culture innovations and capsulation, said Jia Qinglin, chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), during his trip to Shanghai from Dec. 19-21 . Shanghai should try to establish a new advantage in competition and make use of its advantage of having a strong power in science and technology, said Jia. The city should center its economic growth on increasing domestic demands while trying every means to maintain a stable growth in export, the CPPCC leader said. During his stay in the city, Jia visited an exhibition on the 2010 Shanghai World Expo and studied the construction of the expo zone, with company of Shanghai Party Chief Yu Zhengsheng and Shanghai Mayor Han Zheng. He urged the city to do a good job in preparations for the world expo. Jia Qinglin (R), chairman of the National Committee of the Chinese People's Political Consultative Conference and member of the Standing Committee of the Communist Party of China (CPC) Central Committee Political Bureau, talks to an employee at SAIC Motor Passenger Vehicle Company on in Shanghai, China, on Dec. 20, 2008. Jia Qinglin paid a visit to Shanghai from Dec. 19 to Dec. 21. He also visited several industrial development zones and research institutions, to see how local companies are operating with the impacts of the global financial crisis. In talks with local officials, Jia attached priority to finding out ways to help the country's economy develop in a stable and relatively fast way, under the current complicated international and domestic situation. "We must unify our thinking and action to the analysis and judgment of the Central Authorities as well as the arrangements made by the Central Authorities," said Jia, who is also a member of the Standing Committee of the Communist Party of China (CPC) Central Committee Political Bureau. Jia talked with company employees and ordinary citizens, inquiring into their life and listening to their complaints and demands. He called for a pro-active employment policy. During his visit, the top political advisor visited leading officials of the Municipal Committee of the CPPCC, the Municipal United Front Department, and local branches of non-communist parties and the Municipal Federation of Industry and Commerce. He urged them to play roles as "think tank" for the government and a channel to convey people's concern to the government.
KUWAIT CITY, Dec. 29 (Xinhua) -- Visiting Chinese Vice Premier Li Keqiang and Kuwaiti Prime Minister Sheikh Nasser Al-Mohammad Al-Ahmad Al-Sabah agreed to expand economic and energy cooperation between the two countries during their meeting here on Monday. "China and Kuwait should form a lasting, stable and comprehensive partnership concerning the energy area," Li told the Kuwaiti prime minister, according to a press release from the Chinese Foreign Ministry. Li said the two sides should deepen cooperation in the energy industries and study ways of joint exploration of both upstream and downstream industries. He called on both sides to expand cooperation on infrastructure and telecommunication, increase contacts of people, and promote exchanges in the areas of finance, agriculture, science and technology and culture, in a bid to jointly respond to the change of global economic environment. Li also said China always sees its relations from a strategic perspective with the Gulf Cooperation Council (GCC) and its six members, including Saudi Arabia, the United Arab Emirates, Oman, Qatar, Bahrain and Kuwait. China is willing to further high level visits, enhance political mutual trust, broaden substantial cooperation and promote peace and stability in the Gulf region, Li said. Nasser said Kuwait and China have witnessed a strong growth of bilateral trade volume this year, and taken a big step in energy cooperation. Citing the current global financial crisis, he pledged that Kuwait is ready to further enhance cooperation with China in various fields, adding that Kuwait welcomes Chinese products and enterprises to enter the Kuwaiti market to realize common development. The Chinese vice premier also visited oil facilities in Kuwait and met with major figures of the oil industry to get a better knowledge of the Gulf Arab state's oil industry and the progress of China-Kuwait energy cooperation. China and Kuwait renewed their record of bilateral trade volume in 2007 with 3.6 billion U.S. dollars, according to official statistics, a 30-percent growth compared with that of 2006. China imported 2.3 billion dollars worth of goods from Kuwait in 2007, with 90 percent of oil products, while only exporting 1.3billion dollars of goods to Kuwait. Li and Nasser also hailed the sound state-to-state relations between China and Kuwait. Li said relations between China and Kuwait, the first Gulf state to establish diplomatic ties with China, feature "deep friendship between the two peoples, all-along mutual political trust and equal respect." Expressing his appreciation of Kuwait's support in the issues concerning China's major interests, he said China supports Kuwait's independence, sovereignty and territorial integrity. Nasser acknowledged that China was also the first big power to recognize the independence of Kuwait. Nasser said the Kuwaiti people have been always cherishing a friendly affection towards the Chinese people, and will never forget the firm support and help from the Chinese people. Kuwait is the final leg of Li's 11-day overseas visit, his first foreign visit since he took office as vice premier in March, which has also taken him to Indonesia and Egypt.
Jia Qinglin (L), member of the Standing Committee of the Communist Party of China Central Committee Political Bureau and chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), meets with Chairman of Chinese Taiwan's ruling Kuomintang party Wu Poh-hsiung in Shanghai, east China, on Dec. 19, 2008. SHANGHAI, Dec. 19 (Xinhua) -- China's top political advisor Jia Qinglin met with visiting Kuomintang (KMT) chairman Wu Poh-hsiung and honorary chairman Lien Chan respectively here Friday. Wu and Lien were here to attend the 4th Cross-Straits Economic, Trade and Cultural Forum, scheduled for December 20 to 21. The relations across the Taiwan Strait has realized positive interactions with efforts by both sides, by the Communist Party of China (CPC) and KMT, under a principle of building mutual trust, laying aside dispute, seeking consensus and shelving difference, and creating a win-win situation, said Jia. "We truly hope compatriots from the two sides will join hands and the CPC and KMT will work together to create a new stage of peaceful development across the Strait." When the international financial crisis affected both sides of the Strait, the mainland and Taiwan should cooperate to face it and find a way out, he said. "We could feel the difficulties Taiwan people are facing now." Jia Qinglin (R), member of the Standing Committee of the Communist Party of China Central Committee Political Bureau and chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), meets with Chairman of Chinese Taiwan's ruling Kuomintang party Wu Poh-hsiung in Shanghai, east China, on Dec. 19, 2008. The Cross-Straits Economic, Trade and Cultural Forum will be a favorable platform of dialogue for the two sides, he added. "We are very pleased to see that the cross-Strait dialogue was resumed after a ten-year standstill and direct links of transport, trade and mail services were realized. These achievements are hard won," Wu said. The meeting between CPC Central Committee General Secretary Hu Jintao and then KMT Chairman Lien was of far reaching significance, he said. "Once we decided to head for a peaceful development, we will move on instead of backing up," he said. "KMT has the courage to overcome difficulties and persistently push forward the peaceful development of the cross-Strait relations." Jia Qinglin (R), member of the Standing Committee of the Communist Party of China Central Committee Political Bureau and chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), meets with Lien Chan, honorary chairman of Chinese Taiwan's ruling Kuomintang party, in Shanghai, east China, on Dec. 19, 2008. Lien said he was excited to see the new situation of the cross-Strait relations this year. The previous three Cross-Straits Economic, Trade and Cultural Forums created a favorable and close environment of dialogue, he said. "At the coming forum, representatives of various walks of life from both sides shall exchange ideas and reach common understanding. This is what people on the both sides expect."
来源:资阳报