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BEIJING, Oct. 5 (Xinhua) -- The Emerging Markets magazine has named China's Finance Minister Xie Xuren as Finance Minister of the Year, Asia 2009, the Ministry of Finance said Monday at its website.     The Emerging Markets believes that China's quick and proactive fiscal policies implemented in the past year have boosted economic growth and made contributions to global economic recovery, the ministry said.     In a written interview with the magazine, Xie said since the outbreak of the global financial crisis last year, the Chinese government timely and resolutely adjusted its macro-economic polices, carried out proactive fiscal and moderately easy monetary policies, and approved plans aiming to spur domestic consumption. China's Finance Minister Xie Xuren (L) meets with World Bank Group President Robert B. Zoellick ahead of the World Bank Group and the International Monetary Fund (IMF) annual meetings in Istanbul, Turkey, Oct. 5, 2009. The 2009 Annual Meetings of the World Bank Group and the IMF are scheduled to be held in Istanbul on Oct. 6 and 7.     China's gross domestic product grew 7.1 percent in the first half of this year, which proved those policies were effective, said Xie.     He told the magazine that an overall recovery in the global economy would be slow with twists and turns, and that China's economic recovery was still unstable and imbalanced.     But China would stick to the proactive fiscal and moderately easy monetary policies, while focusing on the longer-term development and economic restructuring, he said.     Emerging Markets is part of Euro money Institutional Investor plc. It provides a broad range of news, features, analysis for investors, bankers, brokers working in the developing world.

FRANKFURT, Oct. 15 (Xinhua) -- How could the Chinese economy witness rapid growth for over 30 years in a row? How could its population of 1.3 billion have living standards improved sustainably? The answer is what observers across the world are dubbing the "China miracle".     On Wednesday, politicians and economists attending the "International Economists Forum" at the interval of the Frankfurt Book Fair gave their own interpretations on the "China miracle".     Former German Chancellor Gerhard Schroeder, who has long been supporting a smooth expansion of Sino-German and Sino-European relations, said Europe should regard China as a partner instead of a rival.     Europe should continue to push strategic relations between China and the European Union (EU), which would benefit both sides, said Schroeder, who visited China almost every year during his period in power.     Edmund Strother Phelps, an American economist and the winner of the 2006 Nobel Prize in Economic Sciences, stressed the significance of innovation and entrepreneurship in boosting the economic development in China.     Phelps also proposed that the Chinese government provide more conditions for encouraging innovation.     Justin Yifu Lin, senior vice president of development economics and chief economist of the World Bank, said China adopted a pragmatic, dual-track approach in the reform process, by providing transitory protection to non-viable firms in old priority sectors and liberalizing the entry to the sectors that are consistent with China's comparative advantages.     "Continuous innovation of technology and upgrading of industries are the driving forces of modern economic growth for China," Lin added.     Professor Athar Hussain, director of Asia Research Center at the London School of Economics and Political Science, is well acquainted with China through his work as a foreign expert there in 1960s.     In his lecture, Hussain praised China's achievements. He also pointed out the challenges ahead for China in its modernization drive.     Chen Ping, a professor from China's Fudan University, noted that orthodox economic architectures failed to explain the success and experience of China.     China's burgeoning growth and unprecedented development model had contributed to the human history at large, he added.

BEIJING, Sept. 17 (Xinhua) -- The first seven companies applying for listing on the Growth Enterprise Market (GEM), a Nasdaq-alike market in China, have got green lights from the country's securities regulator on Thursday.     They are in the fields of software, medical equipment and medicines. They planned to raise 2.27 billion yuan (332.65 million U.S. dollars), from the IPOs, according to China Securities Regulatory Commission (CSRC).     "This means the seven enterprises are eligible to list on the market, but they still have some flaws in information issuance, which need to be improved," said Jiang Xinhong, a member of the review commission.     The flaws don't hinder the listings, but these enterprises should go through some necessary procedures before getting listed, said the CSRC.     The CSRC had received 155 applications for IPOs on the GEM as of Sept. 10, since it started to accept applications of the GEM on July 26.

BEIJING, Oct. 10 (Xinhua) -- Chinese Vice Premier Li Keqiang Saturday urged for greater efforts to guarantee the high quality of key construction projects and projects typically to improve the people's livelihood.     Li made the remarks at the opening ceremony of the Second China Tendering and Bidding Forum held in Beijing.     "Along with the growing economy and expanding investment, the quality and benefits of key construction projects should be put in more important positions", Li emphasized. Chinese Vice Premier Li Keqiang (L,front) speaks during the opening ceremony of the Second China Tendering and Bidding Forum in Beijing, Oct. 10, 2009    Under the circumstances of global financial crisis, when China is promoting its domestic demand, the efficiency of investment fuelling economic growth should be strengthened, said Li.     Li said the system of tendering and bidding and government procurement played an important role in guaranteeing the high quality of key construction projects and projects for people's livelihood.     Li also stressed the significance of safety during construction and called for efforts to prevent corruption in the projects.

CHANGCHUN, Sept. 2 (Xinhua) -- Chinese Vice Premier Li Keqiang Wednesday said the country's old industrial base should coordinate economic growth and industrial restructuring to revitalize regional development.     During an inspection tour in northeastern Jilin Province on Monday and Tuesday, Li urged stepping up innovation, pushing forward industrial restructuring, and improving people's lives, in order to achieve sound economic and social development. Chinese Vice Premier Li Keqiang (L Front) visits Bajiazi Forestry Bureau's shantytowns in Yanbian Korean Autonomous Prefecture, northeast China's Jilin Province, Aug. 31, 2009. Li Keqiang made an inspection tour in Jilin Province from Aug. 31 to Sept. 1.During an inspection of the First Automobile Works, Li encouraged the pioneering auto maker to innovate based on its own technology, in order enliven the enterprise.     Li also visited several other enterprises, including the Jilin Aodong Medicine Industry Group Co., Ltd., a leading pharmaceutical company, and encouraged firms to diversify their product mix to meet various demands and explore new markets. Chinese Vice Premier Li Keqiang (R Front) talks with workers at Changchun First Automobile Works in Changchun, capital of northeast China's Jilin Province, Aug. 31, 2009Li also visited shanty towns in Yanbian city where tens of thousands of forestry workers live. He urged local government to speed up the building of low-income housing and the renovation of the shanty towns, to rehouse low-income workers who deserved better conditions.     China has 1.7 million forestry workers, of whom 960,000 live in shanty towns. Chinese Vice Premier Li Keqiang (R2 Front) visits the Yanji branch of Jilin Aodong Pharmaceutical Industry Group in Yanji, northeast China's Jilin Province, Aug. 31, 2009.China is aiming to provide proper housing for 7.5 million low-income urban households and 2.4 million households of coal mine, reclamation area and forest zone workers living in shanty towns within three years, Premier Wen Jiabao said in March.     The central government has pledged to allocate 49.3 billion yuan (7.25 billion U.S. dollars) from the central budget to finance housing projects in 2009 alone. Chinese Vice Premier Li Keqiang (L) visits Bajiazi Forestry Bureau's shantytowns in Yanbian Korean Autonomous Prefecture, northeast China's Jilin Province, Aug. 31, 2009.

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