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BERLIN, Jan. 29 (Xinhua) -- China and Germany have vowed to make joint efforts to stabilize the global economy amid the ongoing financial and economic crisis, said a joint statement issued Thursday. The cooperation between China and Germany, the world's two major export-driven economies, is of special significance for the world's efforts to tackle the financial downturn, said the statement released after visiting Chinese Premier Wen Jiabao's meeting with German Chancellor Angela Merkel. The two sides agreed to strengthen dialogue on economic and trade, currency and fiscal policies and pledged to support each other on their economic stimulus plans based on their own situations, it said. China and Germany have agreed to enhance their comprehensive strategic partnership and cooperation in jointly dealing with the global economic crisis, Wen told a press conference following his meeting with Merkel. The strengthened Sino-German cooperation is of special significance in the context of the current world economic downturn, said Wen. Chinese Premier Wen Jiabao addresses the Fifth Chinese-German Forum for Economic and Technological Cooperation in Berlin, Jan. 29, 2009The two nations should strengthen cooperation in various fields and press ahead with their comprehensive strategic partnership, which bears global responsibility amid an ailing global economy, the Chinese premier added. Echoing Wen's remarks on bilateral cooperation, Merkel said his visit has further promoted German-Chinese cooperation in such fields as politics, economy and culture. Germany is ready to promote bilateral cooperation in improving energy efficiency, environmental protection and intellectual property protection, she said. Merkel also called on the two nations to further enhance bilateral trade and economic relations despite the harsh economic environment. According to the joint statement, both nations will also seek to broaden their cooperation and inject new impulse into the economic growth, especially on such fields as climate change, infrastructure construction, transportation and logistics, financial services, and information technology, it noted. The two nations will continue to strengthen cooperation, especially in the sector of the innovative technology through such mechanism as the China-Germany joint commission for economic cooperation and the Sino-German economic and technical cooperation forum, it said. Meanwhile, the two nations also agreed to encourage bilateral cooperation between small and medium-sized enterprises (SMEs) pledging to introduce supportive measures for SMEs activities in investment, financing, taxing and trade, it added. The two sides also stressed the importance of curbing trade protectionism, saying they will oppose trade and investment protectionism in whatever forms. They also pledged to implement the consensus reached in the G20 Washington Summit in efforts to push forward the reform of global financial system. At a forum on Sino-German economic and technical cooperation on Thursday, Wen proposed that in addition to trade in goods, the two sides should expand cooperation in such service sectors as banking, insurance, telecommunications, logistics. European enterprises can absolutely increase their exports of advanced technical equipment, which would overcome the difficulties they are facing currently, but also meet the demand from the Chinese market, said Wen. The Chinese government welcomes German enterprises to play a more active role in promoting technical innovation, upgrading industrial structure, and fostering development coordination in various regions in China. Chinese companies are also encouraged to build manufacturing bases, marketing network, and research institutions, said the premier. Also on Thursday, China and Germany signed six deals, including a memorandum of understanding on the transfer from Germany of parts of the core technologies for the maglev railway projects in China. Other agreements cover cooperation in climate protection, the car industry, construction of Chinese ecological city Xuzhou, and exchanges between the museums of the two countries. Germany is the second leg of Wen's European tour after Switzerland, where he attended the annual meeting of the World Economic Forum (WEF). The week-long trip will also take him to the European Union headquarters in Brussels, Spain and Britain.
DOHA, Nov. 29 (Xinhua) -- China on Saturday called for efforts to create global development partnerships and urged the international community to take practical steps to help developing nations in confronting the ongoing global financial crisis. Vice Chinese Foreign Minister He Yafei, as the special envoy of Chinese President Hu Jintao, made the remarks at the plenary session of the U.N.-sponsored Follow-up International Conference on Financing for Development. The spreading international financial crisis, coupled with the complicated and grave international economic situation, is posing a challenge to efforts to implement the Millennium Development Goals, He said. The international community should approach the issue of financing for development from an overall and long-term perspective, establish partnerships for global development and take practical steps to help the developing countries. On the issue of financing for development, a balance needs to be struck in the following points, He said. Special attention should be given to efforts to minimize the impact of the financial crisis on developing countries, so as to maintain a good balance between stabilizing the financial market and helping vulnerable countries and communities. Moreover, relevant parties should do more to promote global economic growth and stability, and stand firm against protectionism in efforts to conclude the Doha round of negotiations at an early date, he said. He also urged the developed nations to fulfill their commitments on aid, and offer debt forgiveness and technology transfers to the developing nations. While seeking solutions to the longstanding problem of development deficits, countries around the world should also mobilize new and extra funds to effectively cope with such emerging challenges as energy security, food security and climate change, He said. On crisis response and prevention, He called on countries worldwide to continue their efforts in stabilizing the financial market as well as in building a just, equitable, inclusive and orderly international financial system. Efforts should be made to carry out necessary reforms of the existing international financial system and its governance structures in a timely, gradual, comprehensive and balanced manner, He added. The United Nations, the most authoritative international organization in the world, should continue to play its leading role in financing so as to encourage the international community to make bigger investments in development, he noted.
nderstanding. China has long been an ASEM advocator. Chinese premiers have attended all ASEM summits since 1996 and proposed to build up a new-type of Asia-Europe partnership.
DOHA, Nov. 29 (Xinhua) -- China on Saturday called for efforts to create global development partnerships and urged the international community to take practical steps to help developing nations in confronting the ongoing global financial crisis. Vice Chinese Foreign Minister He Yafei, as the special envoy of Chinese President Hu Jintao, made the remarks at the plenary session of the U.N.-sponsored Follow-up International Conference on Financing for Development. The spreading international financial crisis, coupled with the complicated and grave international economic situation, is posing a challenge to efforts to implement the Millennium Development Goals, He said. The international community should approach the issue of financing for development from an overall and long-term perspective, establish partnerships for global development and take practical steps to help the developing countries. On the issue of financing for development, a balance needs to be struck in the following points, He said. Special attention should be given to efforts to minimize the impact of the financial crisis on developing countries, so as to maintain a good balance between stabilizing the financial market and helping vulnerable countries and communities. Moreover, relevant parties should do more to promote global economic growth and stability, and stand firm against protectionism in efforts to conclude the Doha round of negotiations at an early date, he said. He also urged the developed nations to fulfill their commitments on aid, and offer debt forgiveness and technology transfers to the developing nations. While seeking solutions to the longstanding problem of development deficits, countries around the world should also mobilize new and extra funds to effectively cope with such emerging challenges as energy security, food security and climate change, He said. On crisis response and prevention, He called on countries worldwide to continue their efforts in stabilizing the financial market as well as in building a just, equitable, inclusive and orderly international financial system. Efforts should be made to carry out necessary reforms of the existing international financial system and its governance structures in a timely, gradual, comprehensive and balanced manner, He added. The United Nations, the most authoritative international organization in the world, should continue to play its leading role in financing so as to encourage the international community to make bigger investments in development, he noted.
LIMA, Nov. 21 (Xinhua) -- Chinese President Hu Jintao on Friday gave a brief outline of the country's future development to the business community of the Asia-Pacific Economic Cooperation (APEC). Addressing the APEC Chief Executive Officers (CEO) Summit, Hu said China will continue to follow the Scientific Outlook on Development by putting people first and making development comprehensive, balanced and sustainable. "We will unswervingly pursue reform, improve the socialist market economy and build systems and institutions that are dynamic, efficient, more open and conducive to scientific development," Hu said. China will follow a new path of industrialization with Chinese characteristics and transform the mode of economic growth, he said. Chinese President Hu Jintao addresses Peruvian Congress in Lima, capital of Peru, Nov. 20, 2008. Hu said here Thursday that China is willing to make concerted efforts with Latin American countries to establish a comprehensive cooperative partnership of equality, mutual benefit and common development Instead of relying heavily on higher consumption of resources, China will achieve development by making scientific and technological progress, improving the quality of the workforce and developing innovative management, he added. Since the beginning of this year, China has taken robust measures to address the complex changes in the international economic environment and the severe challenges of major natural disasters. "We have strengthened macroeconomic regulation in a timely way," Hu said, adding "The fundamentals of the Chinese economy have not changed." "The steady and relatively faster economic development in China is in itself a major contribution to upholding international financial stability and promoting world economic development," he emphasized. Between January and September this year, China's gross domestic product grew by 9.9 percent and the three major demands of investment, consumption and export all grew by over 20 percent. However, since September, with the spread and development of the financial crisis, difficulties confronting China's economic development have become more and more obvious, Hu said. The growth rate of China's export has begun to decline and industrial production and corporate profits have been adversely affected to varying degrees, he added. "In view of this and in order to boost economic development, the Chinese government has strengthened macroeconomic regulation in a timely way and decided to follow a proactive fiscal policy and a moderately easy monetary policy," the president said. China has lowered the required reserve ratio, cut the deposit and lending rates and eased the corporate tax burdens, he added. China has recently adopted even stronger measures to generate greater domestic demand, Hu said. He said the central government has decided to invest an additional 100 billion yuan (14.6 billion U.S. dollars) this year to accelerate projects related to people's livelihood, infrastructure, the eco-environment and post-disaster reconstruction. This is expected to generate a total of 400 billion yuan (58.4 billion dollars) of investment nationwide, he pointed out, adding between the fourth quarter this year and the end of 2010, investment in these projects alone will reach nearly 4 trillion yuan (584 billion dollars). Implementation of these measures will give a strong impetus to China's economic development, Hu said. Hu arrived here on Wednesday for a state visit to Peru and the Economic Leaders' Informal Meeting of APEC scheduled for Nov. 22-23.