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BEIJING, Sept. 15 (Xinhua) -- The Chinese government on Wednesday stressed the importance for the country to improve river controls and prevent mountain floods in the wake of this year's frequent natural disasters.The statement was issued following an executive meeting of China's State Council, or the cabinet, which was chaired by Premier Wen Jiabao on Wednesday.In contrast with large rivers, the medium and small rivers in China are the Achilles' heel of the country's river control work, which surfaced in the wake of a series of flood-triggered disasters this year, according to the statement.Over the next five years, China will increase efforts to control medium and small rivers, remove dangers and consolidate medium and small reservoirs, as well as preventing mountain floods in a bid to protect the safety of people's lives and property, according to the statement.The central government will take flood-prone areas with dense population as priorities in dyke building and river regulation works, it said.Further, reservoir consolidation work should seek to increase the modulation capacities of water resources.The construction of flood storage regions along large rivers and lakes, including China's Dongting Lake and the Poyang Lake, should also be intensified.China will set up more radar stations and meteorological stations in flood-prone areas, and make thorough investigations across the country in order to have a panoramic view of the areas with hidden natural disaster dangers like flood, mudslide, landslide and collapsing mountains .Also, the country will strengthen ecological protection by planting more trees and vegetation to guard against soil erosion, according to the statement.To that end, the central government promised to provide financial support to local governments by increasing input and expanding funding channels, as well as strengthening supervision of construction.Floods, landslides and mud-rock flows in China killed 3,185 people and left 1,067 missing this year, as of the end of August, according to statistics from the Chinese National Committee for Disaster Reduction and the Ministry of Civil Affairs.The Chinese central government has spent 2.43 billion yuan (361 million U.S. dollars) on flood control and drought relief as of Aug. 23 this year, according to the Ministry of Finance.The meeting also noted that maintaining ecological diversity, including three tiers of ecosystems, species and genes over the next 20 years, is the basis of the existence and development of human beings and also a guarantee of safe ecological security and food safety.China will continue to improve laws and policies and promote international collaborations to protect ecological diversity, it added.
SHANGHAI, Sept. 18 (Xinhua) -- Chen Zhili, vice chairperson of the Standing Committee of the National People's Congress, China's top legislature, met here Saturday with Allyson Maynard Gibson, president of the International Women's Forum (IWF).Chen, also the chairperson of the All-China Women's Federation, held talks with the IWF delegation.
UNITED NATIONS, Oct. 22 (Xinhua) -- China on Friday voiced its hope that the upcoming summit of the Group of 20 largest economies (G20) will help achieve positive efforts that include the efforts to strengthen the institution building, enhance market confidence around the world and accelerate the recovery of the world economy.The statement came as Li Baodong, the Chinese permanent representative to the United Nations, was speaking at the informal meeting of the UN General Assembly on the upcoming G20 summit in Seoul, the capital of the Republic of Korea (ROK)."China hopes that the Seoul summit will, in the spirit of mutual benefit and win-win outcome on the basis of implementation of the outcomes of previous G20 summit, achieve the following positive results: First, strengthen the institution building of the G20, enhance market confidence around the world, and accelerate the recovery of the world economy," Li said."Second, complete the IMF's share reform before the summit and fulfill the commitments made by the G20 leaders," he said. "Third, address the imbalance in development issues, so as to provide political support to the early realization of the MDGs," the eight anti-poverty targets to be reached by 2015. IMF stands for the International Monetary Fund, a Bretton Woods institute.A one more positive results that China hopes to see at the end of the coming G20 summit is to "facilitate the achievement of a comprehensive and balanced outcome at the Doha Round and the fulfillment of the Development Round objectives," he said."China stands ready to work with all parties concerned to ensure that the G20 summit continue to develop in line with the common interests of the international community," he said.Meanwhile, the senior Chinese diplomat also voiced his support to the UN involvement in the G20 summit."China supports the initiative of the G20 to invite, as it did in the past, representatives of the United Nations to participate in the summit and its preparations," he said."China welcomes the effort of the (UN) secretary-general to gather the views and proposals of the member states and bring these inputs to the summit in Seoul," Li said."The G20 summit has played a significant and positive role in coordinating global response to the international financial crisis and in promoting the recovery of the world economy. The United Nations is the most authoritative and representative multilateral organization," he said. "Enhancing coordination and cooperation between the G20 and the United Nations will help strengthen global economic governance, promote the sustainable and balanced recovery of the world economy, and address the legitimate concerns of small and medium-sized countries."The G20 members account for 90 percent of global output, 80 percent of global trade, and two-thirds of the world's population. They include: Argentina, Australia, Brazil, Britain, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, the ROK, Russia, Saudi Arabia, South Africa, Turkey, the United States and the European Union.
BEIJING, Sept. 6(Xinhuanet) - China bucked international trends in both outbound and inward investment, official figures have revealed.China now ranks as the fifth largest global investor in outbound direct investment (ODI) with a total volume of .5 billion, compared to a ranking of 12th in 2008, the Ministry of Commerce said on Sunday.On top of this, foreign direct investment (FDI) this year was set to "surpass 0 billion", compared to billion last year, ministry officials predicted.Globally, foreign investment decreased by almost 40 percent last year amid the financial downturn and is expected to show only marginal growth this year.The growth in both outbound investment from, and inbound investment to, China reflects the nation's rising economic power and attractiveness as an investment destination. China's annual outbound direct investmentThe ministry made the announcements during a press conference held in Xiamen on the upcoming United Nations Conference on Trade and Development (UNCTAD) World Investment Forum and the 14th China International Fair for Investment and Trade. Both forums will start on Tuesday.According to the ministry, China's ODI grew by 1.1 percent from a year earlier to .53 billion, which includes investment of .8 billion in non-financial sectors worldwide, up 14.2 percent year-on-year.Last year was the eighth consecutive year that the nation's ODI had grown. In this period the average annual growth rate stood at more than 50 percent."China is now the fifth largest investing nation worldwide, and the largest among the developing nations," said Shen Danyang, vice-director of the ministry's press department.In 2009, global ODI volume reached .1 trillion, and China contributed about 5.1 percent of the total.But "this is just a beginning." Although the figure is already "quite amazing," the volume is "not large enough" considering China's economic growth and local companies' expanding demand for international opportunities, Shen said."The growth rate (for ODI) in the next few years will be much higher than previous years," Shen said, without elaborating.China's ODI growth witnessed strong momentum this year. From January to June, the ODI in financial sectors was up by 43.9 percent to .84 billion, and in July alone, the ODI recorded .91 billion, the highest this year.Liu Zuozhang, director of the investment promotion agency under the commerce ministry, told China Daily that China's ODI in non-financial sectors would probably grow to billion this year.But while more Chinese companies were investing overseas, barriers and protectionism against Chinese investment were strengthened as well.Fan Chunyong, standing deputy chief of the China Industrial Overseas Development and Planning Association, said the challenge would not affect the upward trend of the ODI."China's ODI will go up to 0 billion in 2013, and the Chinese accumulative overseas investment will reach 0 billion by then," said Fan.According to the ministry, by the end of 2009, 13,000 Chinese enterprises had invested in 177 nations and regions worldwide, and the largest volume of funds went to the Asia-Pacific region. Europe and Africa ranked second and third in absorbing Chinese investment.Figures also revealed that more Chinese enterprises were focused on developed nations and emerging markets. During the first half of the year, China's ODI to the United States and the European Union rocketed by 360 percent and 107.2 percent respectively year-on-year. And investment into ASEAN and Russia grew by 125.7 percent and 58.5 percent.Jinny Yan, economist from Standard Chartered Shanghai, predicted that the EU would continue to be a hotspot for China's outbound investment in the coming months thanks to the ongoing European debt woes.As for FDI, Shen predicted it would reach a record high of 0 billion this year as China's consumption capacity gradually picked up and the nation's efforts on creating an open and transparent investment environment paid off.Responding to recent complaints by foreign businesses on the "worsening" investment environment, he said it "highlights foreign businesses are attaching more importance to the Chinese market".A report by the European Chamber of Commerce released last Thursday said China had made progress on improving its investment environment, but still needed to do more, especially on market access and the regulatory environment.While global FDI slumped by almost 40 percent last year, China's FDI was down by a mere 2.6 percent, according to the UNCTAD. China remained the second largest recipient nation of FDI, following the US.During the first seven months, China's FDI increased by 20.7 percent to .35 billion, and FDI in July surged by 29 percent.Zhan Xiaoning, director of the investment and enterprise division under the UNCTAD, said China was taking the leading role in the FDI recovery worldwide, even though FDI growth was not a cause for optimism globally.
BEIJING, Oct. 31 (Xinhua) -- China has sent a strong signal that it would boost regional peace, stability and development in the spirit of cooperation and unity at the fifth East Asia Summit, said Qin Yaqing, deputy director of the Chinese Foreign Affairs University, in an exclusive interview with Xinhua here on Sunday."The most impressive part of Chinese Premier Wen Jiabao's attending the series of summits is the increasing number of bilateral diplomatic dialogues, all of which are quite significant, such as his meeting with Indian and Vietnamese leaders," Qin saidQin notedd, while meeting with Indian Prime Minister Manmohan Singh, Wen told his counterpart the world is large enough for both China and India to develop. His words carried a lot of weight and proved to the world that there was no fundamental conflict of interests for China and India to grow and prosper at the same time.Additionally, while meeting with General-Secretary of the Central Committee of the Vietnamese Communist Party Nong Duc Manh and Prime Minister Nguyen Tan Dung, Wen called for proper handling of the South China Sea issue.He suggested the two sides draw experiences from the successful demarcation of their land boarder and solve the disputes on the South China Sea issue through negotiations.Qin said Wen's talks with Vietnamese leaders reaffirmed China's position on solving the issue through dialogue and consultation without resorting to the threat of force, which was intended to have a demonstrative effect to other countries concerned.In his remarks between China and the Association of Southeast Asian Nations (ASEAN) at the 13th summit, Premier Wen also said cooperation between China and the ASEAN nations is "most pragmatic, most extensive and most fruitful."Commenting on Wen's words, Qin said links between China and the ASEAN nations have seen a rather fast-paced development, especially in economy and trade, which is seen as quite extraordinary."It is unthinkable that the trade volume could rise from several billion U.S. dollars in 1991 to over 200 billion this year in such a short time. And this kind of pragmatic cooperation has lifted the Eastern Asian economies out of the shadow of the financial crisis," he added.China and the ASEAN countries established "a strategic partnership for peace and prosperity" in 2003, and the two sides also inaugurated their free trade zone early this year.The establishment of the free trade zone has helped to boost trade relations between the two sides.According to the official Chinese data, the first nine months of this year has brought the total bilateral trade volume to 211.31 billion U.S. dollars, a 43.7 percent spike compared to the same period last year.Qin also said China has generated trade deficits with the ASEAN nations in recent years, which has displayed China's principle of "taking less and giving more."In Qin's mind, these achievements have not only dispelled the concerns of certain ASEAN nations, but also benefited their development.