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BEIJING, Feb. 27 (Xinhua) -- Top "livelihood concerns" of Chinese people such as employment, medicare, housing and widening wealth gap were key topics in Premier Wen Jiabao's online chat with netizens on Saturday.EMPLOYMENT PRESSUREChina is facing serious challenges in employment, though labor shortage has been found in booming coastal cities recently, Wen said.He attributed the labor shortage to possible economic recovery, lack of skilled worker and workers' growing awareness of their own rights and interests who would weigh choices for better salaries.Chinese Premier Wen Jiabao (L) chats on-line with netizens at two state news portals in Beijing, capital of China, Feb. 27, 2010. The two major portals, namely www.gov.cn of the central government, and www.xinhuanet.com of Xinhua News Agency, jointly interviewed Premier Wen on Saturday with chosen questions raised by netizensAlthough the labor shortage in certain areas signals a stabilized and recovering economy, the serious employment situation has not changed in general, Wen said."Every year 150 million migrant workers leave their rural homes to seek jobs in cities, 24 million urban unemployed are waiting for jobs, and the number of university graduates will hit a record high of 6.3 million this year, all adding up to the employment pressure," Wen said."I hope the employment situation is better than last year," he said.Wen encouraged university graduates to start their own businesses.
BEIJING, March 12 (Xinhua) -- China's central bank said Friday a stronger yuan offers no help for solving the Sino-U.S. trade imbalance problem, and China opposes politicizing yuan's appreciation.Su Ning, vice governor of the People's Bank of China, made the comments a day after U.S. President Barack Obama told the U.S. Export-Import Bank's annual conference that a more market-oriented exchange rate of yuan will make an essential contribution to global rebalancing efforts."We do not think a country should rely others to solve its own problems," Su, a member of the Chinese People's Political Consultative Conference (CPPCC) National Committee, said on the sidelines of the top political advisory body's annual session.The U.S. Department of Commerce said on March 11 that the U.S. trade deficit with China increased to 18.3 billion U.S. dollars in January from 18.14 billion U.S. dollars in December. The increase renewed the U.S. call for a stronger yuan as it claimed the current exchange rate gives Chinese goods unfair price advantages.Su said although yuan has gained more than 20 percent since it depegged the U.S. dollars in June 2005, China's trade surplus tripled from 100 billion U.S. dollars in 2004 to nearly 300 billion U.S. dollars in 2008.In addition, he argued, a weaker U.S. dollar does not help cut the U.S. deficit. As the U.S. dollar depreciated by 3 percent annually in average between 2002 and 2008, its deficit soared from 500 billion U.S. dollars to 900 billion U.S. dollars, Su said.Tan Yaling, a financial researcher with Peking University, said as nations have different roles in international trade and differ in resources, what they produce, consume and want can be very different."It is unfair that the United States, on the one hand, consumes cheap Chinese goods, while on the other hand, it blames the low prices for causing their domestic job losses," she said.The Obama administration's continuous calls for a stronger yuan is actually aimed at diverting attentions from its domestic woes, experts said.To grapple with high unemployment rate and uncertain recovery prospects, Obama has to do something on job promotion to secure victory in the mid-term election in November this year, said Chen Zhiwu, a financial professor with Yale University.To curb soaring unemployment and boost growth, Obama has announced a special task force on a mission of doubling the U.S. exports in five years, as he said the U.S. can not "stand on the sidelines," as other countries are busy negotiating trade deals.Cheng Enfu, a deputy to the National People' s Congress (NPC), China' s top legislature, said the consistent pressure from the United States is simply because of its pursuit of national interests."Over-fast appreciation of yuan does no good to the global economic recovery which is still fragile and uncertain," he said.Zhu Yuchen, also an NPC deputy, said as China plays a leading role in global economic recovery, any drastic policy change will not only impair China's economy, but also the global recovery, which is not a responsible way.President Obama's remarks also came a month ahead of a semiannual Treasury Department report that could label China as a currency manipulator.Premier Wen Jiabao said in the government work report delivered to the NPC on March 5 that China will keep the yuan "basically stable" at an "appropriate and balanced" level.HEFTY SURPLUS, BUT SLIM PROFITSAlthough China has accumulated massive trade surplus over the past decades, that does not indicate the same profits, as more than half of China's exporters are foreign invested, lawmakers said.Figures released by the Ministry of Commerce showed 55.2 percent of China's foreign trade was completed by foreign-invested businesses last year. And 56 percent of the exports were done by foreign companies in China.Cheng Enfu said China only pockets paper-thin profits from the very end of the manufacturing chain, or processing and assembling work. However, the United States earn handsome profits from designing and distribution.According to a study by researchers of the University of California, of the 299 U.S. dollars retail value of a 30-gigabyte video iPod in the United States, 163 U.S. dollars is captured by American companies and workers, and 132 U.S. dollars go to parts makers in other Asian countries, while the final assembly, done in China, cost only about 4 U.S. dollars a unit."Even though Chinese workers contribute only about 1 percent of the value of the iPod, the export of a finished iPod to the United States directly contributes about 150 U.S. dollars to our bilateral trade deficit with the Chinese," Hal R. Varian, a professor of the University of California at Berkeley, wrote on the New York Times on June 28, 2007.Cheng Enfu noted it needs to upgrade exports product mix to fundamentally reverse China's disadvantages. That is, to export more profitable self-innovative products, rather than labor-intensive processing goods.
PARIS, Feb. 3 (Xinhua) -- Visiting Chinese Foreign Minister Yang Jiechi and his French counterpart Bernard Kouchner on Wednesday held talks on bilateral ties and reached important consensus on developing China-France relationship.Through joint efforts of both nations, Sino-France relations has recently showed rapid development, Yang said.This year marks an important period for relations between France and China, therefore, the two parties should further implement important consensus reached by two leaders, continue to respect and take care of mutual concerns and promote pragmatic cooperation in various fields, Yang underlined.The Chinese minister also expected both countries to jointly oppose trade and investment protectionism, and maintain coordination and cooperation over significant international and regional issues in a bid to contribute for worldwide peace, stability and prosperity. Visiting Chinese Foreign Minister Yang Jiechi (L) and his French counterpart Bernard Kouchner host a joint press conference after their meeting in Paris, capital of France, Feb. 3, 2010. Yang Jiechi and Bernard Kouchner on Wednesday held talks on bilateral ties and reached important consensus on developing China-France relationshipYang expressed China's willingness to use 2010 Shanghai World Expo as an opportunity to enhance comprehensive cooperations with France, such as on humanism, and to consolidate the basis of bilateral ties.As to China-Europe relations, Yang said the two sides have massive common interests as China always attaches importance to their relations and regards Europe as its important strategic partner.China is willing to work with Europe and France along the sound and stable development track to build on bilateral strategic relations and to promote further China-France and China-Europe ties, Yang added.Kouchner echoed Yang's view on China's relations with France and Europe, saying France attached importance to relations with China.France is satisfied with the friendly cooperation between the two nations and the recovery and development of bilateral ties, Kouchner said, adding that France is willing to work with China to boost Sino-France and Sino-Europe ties to better prospect.The two foreign ministers also exchanged views on climate change and other mutually concerned international and regional issues during their talks, which followed by a joint conference. Yang is on a five-nation tour, which has already taken him to Britain and Turkey. After a two-day visit in France, he will attend a meeting on security policy in Munich, Germany on Feb. 5-7. Visiting Chinese Foreign Minister Yang Jiechi (1st R) meets with his French counterpart Bernard Kouchner (1st L) in Paris, capital of France, Feb. 3, 2010. Yang Jiechi and Bernard Kouchner on Wednesday held talks on bilateral ties and reached important consensus on developing China-France relationship
CAIRO, March 3 (Xinhua) -- The commander-in-chief of Egyptian armed forces met Wednesday in Cairo with visiting Deputy Chief of General Staff of the Chinese People's Liberation Army Ma Xiaotian, pledging to strengthen bilateral military ties.Mohammed Hussein Tantawi, who is also Egyptian Minister of Defense, said during the meeting that the two countries have seen close cooperation in military, political and economic fields in recent years, which serves both countries' interests as well as regional and world peace and stability."The Egyptian military attaches great importance to the friendly relationship with the Chinese counterpart and expects more efforts to be made to further improve pragmatic cooperation," Tantawi said.For his part, Ma said the two sides enjoy long-term friendly relationship, and fruitful cooperation has been accomplished in the fields of high-level visits and professional personnel training."The Chinese side is willing to make joint efforts with the Egyptian side to consolidate the traditional friendship and push forward the in-depth cooperation between the two militaries," Ma said.Ma arrived in Cairo on Tuesday. During his visit, he also presided over the first session of the Chinese-Egyptian Defense Cooperation Commission.
BEIJING, Feb. 2 (Xinhua) -- China promulgated a regulation Monday requiring meteorological authorities to conduct research on meteorological disasters, in an effort to reduce the damage from natural disasters like sand storms, blizzards, droughts, typhoons and icy weather.The Legislative Affairs Office of the State Council, the Cabinet, said Tuesday in a statement the regulation is designed to better protect people's lives and properties.The regulation, which takes effect April 1, requires meteorological authorities above the county level to conduct research on the frequency, intensity, and impact of meteorological disasters, and to set up a database to better evaluate risks.Schools are asked to teach students how to protect themselves and rescue others during natural disasters under the guidance of educational or meteorological authorities.The regulation also specifies the media's role in the event of meteorological disasters.Media organizations are responsible for the release of disaster warnings and alerts given by the local meteorological centers, the regulation says.Media organizations that fail in their responsibilities, release false information, or release alerts without authorization face fines of up to 50,000 yuan (about 7,322 U.S. dollars), according to the regulation.Media groups must cover the occurrence and development of disasters and emergency situations "timely and correctly", it reads.China is one of the countries most susceptible to natural disasters and 70 percent of disasters occurring in China are meteorological ones, according to the statement.