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BEIJING, April 13 (Xinhua) -- Chinese shares rose 2.84 percent Monday, advancing for a third consecutive day to a nearly eight-month high, on hopes that the economy had outperformed expectations in the first quarter. Premier Wen Jiabao told reporters in Thailand Saturday that the economy showed signs of better-than-expected changes during the first quarter as a result of the economic stimulus package. The National Bureau of Statistics is scheduled to release first-quarter growth data Thursday, which are expected to demonstrate a recovery in the world's fastest-growing economy. An investor is inside a securities firm in Chengdu, southwest China's Sichuan Province April 13, 2009 Data already announced have been positive. The central bank said over the weekend that new loans increased 1.89 trillion yuan (about 278 billion U.S. dollars) in March, the third straight month that new loans exceeded 1 trillion yuan. Economists said the March figure indicated that China's liquidity was abundant, which was crucial to an economic recovery. Wen said industrial output rose 8.3 percent in March, up from a record low of 3.8 percent in the first two months of the year. The benchmark Shanghai Composite Index reacted to the positive news and closed at 2,513.7 points, up 69.48 points. The Shenzhen Component Index was up 2.08 percent, or 194.36 points, to 9539.8. Gains outnumbered losses by 616 to 205 in Shanghai and 532 to 173 in Shenzhen. Combined turnover rose to 280.46 billion yuan from 239.98 billion yuan the previous trading day. Coal producers led gains Monday on speculation that coal prices might be raised. The country's largest coal producer, China Shenhua Energy, and six other producers, surged by the daily limit of 10 percent. Steel stocks gained on hopes of more demand as industrial output picked up. Baoshan Iron & Steel, the nation's top steel maker, rose 4 percent to 5.97 yuan. PetroChina went up 4 percent to 11.94 yuan and Sinopec rose 5.34 percent to 9.47 yuan on news that the country might soon announce details on a stimulus package for the petrochemical sector. Shipping lines and other cargo carriers gained broadly on anticipation of an economic recovery. China Cosco rose by the daily limit of 10 percent to 12.87 yuan. China Shipping Development climbed 10 percent to 13.08 yuan. China Southern Airlines, one of the nation's three major carriers, rose 6.22 percent to 6.15 yuan. Securities analysts expressed optimism about continued gains in the near term. Shanghai-based Shiji Investment said in a report that heavyweights had showed signs of robust performance and the market may rise to new highs. Analysts at Huaxun, an on-line financial information service, said the market would find support at about 2,450 to 2,470 on buoyant confidence, with investors anticipating a recovery.
BEIJING, Feb. 9 (Xinhua) -- Chinese Vice Premier Li Keqiang said Monday that employment and people's livelihood should be guaranteed. Li, also a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, made the remarks when visiting the southern Guangdong Province, a major base for export-oriented manufacturers that had provided jobs for many migrant workers. Li highlighted the importance of providing stable job opportunities, asking local governments to make every effort to support steady production of manufacturers and thus ensure employment. Professional training and employment guidance should be given to job seekers, especially migrant workers, to help them maintain their incomes, said Li. He also urged local authorities to strengthen support to enterprises and help them develop new markets and upgrade their technology.Chinese Vice Premier Li Keqiang (2nd L, front), who is also a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, visits Yantian Port in Shenzhen, south China's Guangdong Province, Feb. 7, 2009. Li Keqiang paid a visit to Guangdong Province from Feb. 6 through 9.

BEIJING, March 20 (Xinhua) -- China and Japan should strengthen cooperation to deal with the financial crisis, said Chinese top legislator Wu Bangguo on Friday. "China is willing to work with Japan to properly handle sensitive issues in bilateral relations and consolidate our political foundations," said Wu, chairman of the Standing Committee of the National People's Congress. In a meeting with Japanese Defense Minister Hamada Yasukazu, Wu said China-Japan relations were improving and cooperation in various fields have expanded. Wu Bangguo (R), chairman of the Standing Committee of the National People's Congress, China's top legislature, meets with Japanese Defense Minister Yasukazu Hamada at the Great Hall of the People in Beijing, capital of China, on March 20, 2009 Stressing the importance of China and Japan in the Asia-Pacific region, Wu said developing relations conformed to the fundamental interests of both countries and was conducive to world peace, stability and development. He hoped China and Japan would expand defense and other cooperation to push forward long-term, healthy and stable relations. Hamada Yasukazu said Japan would like to enhance strategic and mutually reciprocal relations with China.
BEIJING, April 12 (Xinhua) -- The Chinese government's proposals for strengthening cooperation with the Association of Southeast Asian Nations (ASEAN) show that China remains fully confident about the prospects of China-ASEAN cooperation. During a meeting in Beijing with envoys of the 10 ASEAN countries, Chinese Foreign Minister Yang Jiechi briefed them about the Chinese government's proposals for enhancing China-ASEAN cooperation in an all-round way. Yang has just returned home from Thailand late Saturday where scheduled ASEAN meetings were postponed due to domestic unrest in that country. Chinese Foreign Minister Yang Jiechi (C) meets with envoys of 10 members of the Association of Southeast Asian Nations (ASEAN), in Beijing, capital of China, on April 12, 2009.China's proposals for strengthening its cooperation with ASEAN include the signing of an investment agreement. The agreement, which was scheduled to be signed during the scheduled meetings, would be conducive to the establishment of the China-ASEAN free trade area. This demonstrates that that the series of relevant measures China has already decided to adopt will remain unchanged and that China has full confidence in the future of China-ASEAN friendly cooperation, despite the postponement of ASEAN meetings. Strengthening and deepening cooperation is the common wish of the two sides, and is also an important avenue for fighting protectionism and enhancing their ability to resist risks in the current economic circumstances. As close neighbors, China and ASEAN countries have enjoyed increased cooperation in various areas. In the face of the global financial crisis, it has become the consensus of both sides that they should work together to ride out the present difficulties. Expanded cooperation between China and ASEAN will help augment their ability to tackle the crisis. Making joint efforts to push for the signing of an investment agreement displays the determination of both sides to promote trade and investment liberalization, fight protectionism and achieve a win-win result. Furthermore, the China-ASEAN free trade area, to be completed in 2010, will play an important and profound role in further strengthening China-ASEAN relations and boosting cooperation in the whole of East Asia. China and ASEAN countries are close and friendly neighbors. The key to continued development of bilateral relations lies in mutual trust, confidence and unremitting efforts. Only with that can the two sides enjoy solid cooperation and join hands in achieving sustainable development.
GENEVA, April 14 (Xinhua) -- Switzerland and China will soon sign a formal agreement on enhancing their cooperation in the field of sustainable water management and hazard prevention, the Swiss government said on Tuesday. Federal Councilor and Environment Minister Moritz Leuenberger will make his first official visit to China on April 16 to sign this agreement, according to a government statement. During his five-day visit, Leuenberger will also hold official discussions with Chinese Minister of Water Resources Chen Lei, attend the third Yangtze Forum and visit the Three Gorges Dam, the statement said. Due to their mountainous regions, Switzerland and China face similar natural hazards, according to the statement. At the same time, both countries harness their hydropower and are faced with the question of river basin management, which is likely to become more pressing due to climate change, it added.
来源:资阳报