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BEIJING, April 23 (Xinhua) -- China's trade surplus this year will see a decline from the 2009 level despite a recovery in foreign trade, the People's Bank of China, the central bank, said here Friday.An increase in orders would push up export growth to more than 20 percent in the second quarter, while import growth would also stay high due to surging domestic demand and rising import prices, said the bank in a report released on its website."Exports have returned to pre-crisis levels and imports have hit all-time highs after seasonal adjustments," it said.The report said China still faced deteriorating trade conditions with rising trade protectionism and the unstable global economic recovery.China's trade surplus stood at 196 billion U.S. dollars last year. March saw its first monthly trade deficit in six years, with exports at 112.11 billion U.S. dollars and imports surging 66 percent to 119.35 billion U.S. dollars.The country's macro-economy would continue to improve after a better-than-expected 11.9 percent economic growth in the first quarter, said the report, adding, "The Chinese economy has had a good start this year."Companies are more willing to invest, while the people are showing stronger consumption demand," it said.Investment structure had been improved in the first quarter, with private investment rising 30.4 percent year on year, exceeding the 21.1-percent growth of government or state-owned enterprise investment, said the bank.China's retail sales surged 17.9 percent year on year in the first quarter, and fixed assets investment rose 25.6 percent, data from the National Bureau of Statistics showed.The bank also noted that "credit controls have seen initial results", as new yuan-denominated loans fell to 2.6 trillion yuan in the first quarter, 1.98 trillion yuan less than the corresponding period last year.The government has stated that the proactive fiscal policy and relatively easy monetary policy would continue this year, while repeatedly warning of assets bubbles, inflation risks and overheating industries.Soaring commodity prices were one of the government's major concerns, as the consumer price index, the main gauge of inflation, rose 2.4 percent year on year in March, nearing the government's upper limit of 3 percent inflation this year.The bank said it would continue to strengthen liquidity management and keep an "appropriate" growth of money supply, so as to maintain stable prices and strike a balance between maintaining economic growth, adjusting the economic development model and avoiding inflation risks.
BEIJING, May 24 (Xinhua) -- China and the United States should keep up communication and consultation on issues concerning each other's major interests such as the Iran nuclear issue and the Korean nuclear issue.Ma Zhaoxu, spokesman of the Chinese delegation attending the strategic track of the on-going second round of China-U.S. Strategic and Economic Dialogues (S&ED), made the remarks at a press briefing after the first meeting of the strategic track on Monday."The two countries should also enhance consultation and cooperation on counter-terrorism, non-proliferation and the fight against cross-border crimes," Ma said.On Monday afternoon, officials from China and the United States held two rounds of meetings, during the second half of which they discussed how to strengthen cooperation on major international and regional issues, and cooperation on international system reform and Asia-Pacific regional cooperation mechanism building."The S&ED, as an important platform, provides the two sides a good channel to discuss and consider cooperation in this regard," Ma said.Ma told the press the other four suggestions China proposed for further enhancing bilateral cooperation, including:-- To give full respect and consideration to each other's major interests and concerns while carrying out cooperation;-- To follow the globally-recognized rules guiding international relations, and peacefully resolve regional hot issues through dialogue and negotiation;-- To deal with disputes with an objective and calm attitude, and not to let the overall situation of China-U.S. cooperation deteriorate due to temporary difficulties;-- To expand cooperation, especially communication and consultation in such areas as climate change and energy security, so as to benefit the two countries and the world as a whole.He said mutual understanding and trust between the two countries had increased after the past rounds of strategic dialogues. The two sides have defined their relationship as positive, cooperative, comprehensive and 21st-century-oriented.The military relationship was also an agenda in Monday's talks, despite their bilateral military exchanges being suspended since the U.S. arms sales to Taiwan earlier this year."In the meeting, delegates from the Chinese Liberation Army said the Chinese side always attaches importance to mutual trust and cooperation with the U.S. side. However, respect for each other's core interests is an important basis for the development of a sound and stable China-U.S. military relationship. China will continue military exchanges and cooperation with the United States in the principle of mutual respect, mutual trust, equity and reciprocity," Ma said.Prior in the morning, the two countries' delegates held an hour-long close door meeting of the strategic track. Chinese State Councilor Dai Bingguo and U.S. Secretary of State Hillary Clinton co-chaired the talks.

PYONGYANG, April 3 (Xinhua) -- The Democratic People's Republic of Korea (DPRK) top leader Kim Jong Il hosted a dinner party on Saturday for new Chinese ambassador Liu Hongcai, Chinese embassy diplomats and the visiting Chinese Tianjin Women's Volleyball Team.The Workers' Party of Korea (WPK) Central Committee Secretary Kim Ki Nam said in his address the traditional DPRK-China friendship, which was fostered by the elder generations of the two countries' leaders, had developed to new levels under the guidance of WPK General Secretary Kim Jong Il and Communist Party of China (CPC) Central Committee General Secretary Hu Jintao.Liu said China wanted to make more effort with the DPRK side for continuous consolidation and development of the China-DPRK friendship and cooperation.WPK Central Committee Secretary Choe Thae Bok, DPRK Foreign Affairs First Vice-Minister Kang Sok Ju and other major WPK and DPRK military officials were present at the party, at which the Chinese and DPRK sides sang national songs.Before the party, Choe, Kim Ki Nam and Liu watched a friendly match between the Tianjin volleyball team and the 4.25 Women's Volleyball Team of the DPRK.
TASHKENT, May 1 (Xinhua) -- When and how the exchange rate of Chinese Yuan should be adjusted must be decided by the Chinese government, the president of the Asian Development Bank (ADB) said Saturday.Addressing the opening press conference of the 43rd annual meeting of the ADB's Board of Governors, Haruhiko Kuroda said the yuan issue was "up to the Chinese authorities to decide."Meanwhile, Kuroda also said it was up to Chinese authorities to decide how and when to implement exit strategies.Kuroda acknowledged China played a leading role in the recovery of the Asia-Pacific region from the global financial crisis thanks to the 8.7-percent growth of its gross domestic product (GDP) last year.Haruhiko Kuroda, president of Asian Development Bank (ADB), speaks during a press conference in Tashkent, Uzbekistan, May 1, 2010. ADB began its annual meeting of the Board of Governors in Uzbekistan on Saturday. Kuroda said the Chinese economy would maintain a high growth rate, with a forecast of 9.6 percent of GDP growth this year and 9.1 percent next year.Despite the fact that China's substantial fiscal measures were not the same as those implemented during the crisis, Kuroda believed that sooner or later the government would mull over an exit from these measures given the strong economic growth.Besides China, all Asian countries should carefully time their exit strategies to unwind their anti-crisis fiscal and monetary policy measures, he said.The ADB began its 43rd annual meeting on Saturday with a pivotal focus on poverty, climate change and regional integration. It is the first time the ADB held its annual meeting in a Central Asian state.
BEIJING, April 27 (Xinhua) -- Chinese President Hu Jintao on Tuesday called for more efforts to promote the "model worker spirit" nationwide to further advance social and economic development.Hu made the remarks at a rally honoring 2,115 Chinese national labor heroes and 870 advanced workers in Beijing ahead of the International Labor Day on May 1.Wu Bangguo, Wen Jiabao, Jia Qinglin, Li Changchun, Xi Jinping, Li Keqiang, He Guoqiang and Zhou Yongkang, also attended the ceremony, presided over by Premier Wen Jiabao. Chinese President Hu Jintao addresses a rally honoring Chinese national labor heroes and advanced workers at the Great Hall of the People in Beijing, China, April 27, 2010.Hu, also general secretary of the CPC Central Committee, praised the model workers and advanced workers for their "outstanding contributions in pushing forward the country's social and economic advancement.""They are the outstanding representatives of hundreds of millions of working people in China who have made noticeable efforts to help build a well-off society in an all-round way," Hu said."We should promote and popularize the spirit of model workers throughout the whole of society," Hu said, adding the nation should learn from them, act like them and care for them.Hu said efforts should be made to stimulate creativity of working people to enhance the nation's sound and fast economic development.Working people, Hu added, are the major force accelerating economic restructuring, an important process China is going through.Hu encouraged working people to improve traditional industries and develop strategic new industries, in a bid to build a creative-minded, energy-efficient and environment-friendly society.Hu said the government will take "political, economic, social, legal and administrative measures" to protect the interest of labor to boost social equality and justice.The government will also work to create more jobs and lift income for workers, Hu said.At the ceremony, Premier Wen Jiabao called on the whole nation to follow the example of model workers and make greater contributions to the country's development.
来源:资阳报