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BEIJING, July 28 -- China expressed its hope that the U.S. government will be able to cut its budget deficit in order to prevent inflation that could jeopardize the value of China's dollar-denominated assets, as the two countries wrapped up the first of two days of high-level talks here. "We sincerely hope the U.S. fiscal deficit would be reduced, year after year," Zhu Guangyao, assistant minister of finance, told reporters after the conclusion of the first day of talks, which have been dubbed the U.S.-China Strategic and Economic Dialogue. "The Chinese government is responsible and first and foremost our responsibility is [for] the Chinese people, so of course we are concerned about the security of the Chinese [dollar] assets," Zhu said. China holds a total of more than 800 billion U.S. dollars in U.S. treasury debt, making it America's largest foreign creditor. As a result of recent American efforts to counter the financial crisis and stimulate the economy, U.S. government spending has soared, and is projected to reach 1.84 trillion U.S. dollars this year. That is more than four times the previous high. Many investors and economists fear this deficit spending will lead to inflation, as the increase in the supply of dollars drives down their value, thereby also reducing the value all dollar-denominated assets, including U.S. Treasury bonds. As a result, some investors have started to buy shorter-term bonds, which they hope will not be impacted by any longer-term inflation driven by increased government spending. U.S. Secretary of Treasury Timothy Geithner assured the Chinese delegation in his opening remark on Monday that U.S. has taken steps to overhaul its financial system, enhance regulation, and control the deficit. "We are committed to taking measures to maintain greater savings and to reducing the federal deficit to a sustainable level by 2013," he said. However, Geithner did not reveal how, specifically, the United States planned to achieve its deficit-cutting goals during the dialogue. Both American and Chinese officials, however, agreed that the economy has begun to slowly stabilize. "We have agreed that green shoots have emerged in the international economy and financial markets," said Zhu. However, the economic foundation is far from being sound, and the current situation remains severe, Zhu warned. China's economy has shown solid signs of recovery, with its GDP growth picking up to 7.1 percent in the first half of this year after dipping to as low as 6.1 percent in the first quarter. The country's retail sales growth was 15 percent in the first half of this year, the highest since 1985, according to Ministry of Finance figures. The two-day talks, which are co-chaired on the Chinese side by Vice Premier Wang Qishan and State Councilor Dai Bingguo, and the U.S. Secretary of State Hillary Rodham Clinton and Secretary of Treasury Timothy Geithner on the U.S. side, covered a wide array of issues, including the global economy, climate change and clean energy as well as regional security issues. At the opening ceremony on Monday, U.S. President Barack Obama emphasized his hope for closer cooperation between the two countries. "I believe that we are poised to make steady progress on some of the most important issues of our times," he said. "The relationship between the United States and China will shape the 21st century."
NANJING, Aug. 9 (Xinhua) -- Chinese Premier Wen Jiabao reaffirmed during the weekend that China would unwaveringly adhere to its moderately easy monetary policy in face of economic difficulties and challengesWen said China would maintain both its proactive fiscal and moderate monetary policies, and work on economic restructuring to strengthen recovery from the global downturn. During a three-day inspection tour that ended Sunday in the eastern Jiangsu Province, one of China's economic powerhouses, Wen said China should focus on maintaining stable and rapid economic development and accelerating economic restructuring. China's economy still faced hardships and challenges because of the gloomy international economic outlook, he said. With weakened external demand, Chinese enterprises faced significant overcapacity, while domestic demand was still restricted by various factors. The impact of governmental stimulation of the economy would gradually lessen and long-term policies needed time to pay off, Wen said. Therefore, China's macroeconomic policy would not change. The premier's remarks echoed a similar announcement made by a senior economic planning official Friday that overseas market conditions were still severe and the country's economic policy direction would remain unchanged. Although the country's economy was showing signs of recovery, it still faced many difficulties in maintaining stability, said Zhu Zhixin, vice minister in charge of the National Development and Reform Commission. On his third visit to Jiangsu since the global financial crisis hit, Wen also praised "better-than-expected" results in eliminating pollution from the country's third largest fresh water lake Taihu over the past two years, since a blue algae outbreak in 2007. Wen was told that more than 3,000 small chemical plants surrounding the lake had been closed and about 1,000 new facilities had been installed to treat sewage from nearby villages into the lake.

BRUSSELS, Oct. 7 (Xinhua) -- China will work with Belgium to improve political trust and substantial cooperation to make new progress in bilateral ties, Chinese Vice President Xi Jinping said here Wednesday. During talks with Belgian Prime Minister Herman Van Rompuy, Xi put forward a four-point proposal to cement bilateral ties: -- To maintain high-level contacts and political dialogues. China welcomes King Albert II to participate in the 2010 Shanghai Expo and hopes the governments, parliaments and political parties of the two countries to increase exchanges for more understanding and trust; -- To consider the core interests and concerns of each other. China hopes the two sides would deal with the bilateral relations from a strategic and long-term perspective, properly handle disputes based on principles of mutual respect, equal treatment and noninterference in each other's internal affairs, to enhance the development of the bilateral ties in a healthy and stable way; Chinese Vice President Xi Jinping (L) shakes hands with Belgian Prime Minister Herman Van Rompuy, during their talks in Brussels, capital of Belgium, on Oct. 7, 2009. Xi Jinping arrived here on Wednesday to begin a five-nation European tour -- To actively boost tangible cooperation, including investment and technological cooperation. China welcomes Belgian companies to invest in China and encourages its own entrepreneurs to do business in Belgium; -- To increase human and culture exchanges. China will further promote exchanges with Belgium in various sectors including culture, education and tourism. Chinese Vice President Xi Jinping (2nd L) holds talks with Belgian Prime Minister Herman Van Rompuy (4th R) in Brussels, capital of Belgium, on Oct. 7, 2009. Xi Jinping arrived here on Wednesday to begin a five-nation European tourVan Rompuy said Belgium would work with China to push forward exchanges and cooperation in all areas. He spoke highly of China's stance in handling the current global financial crisis and the climate change, and pledged to strengthen coordination with China on regional and international issues. He reaffirmed that Belgium would always adhere to the one-China policy and the principle of noninterference in other country's internal affairs, and would not support any separatist activities. Following the talks, Xi and Van Rompuy attended the signing ceremony of a number of agreements on science, finance and trade cooperation. Xi arrived here Wednesday afternoon for an official visit to Belgium, the first leg of his European tour. He will also visit Germany, Bulgaria, Hungary and Romania.
CANBERRA, Aug. 13 (Xinhua) -- An anti-China rant by an editor on Australia's biggest-selling national newspaper has come under fire from netizens around the world. Greg Sheridan, an editor of The Australian, flattered Rebiya Kadeer -- leader of the separatist World Uygur Congress -- for her "courage" to confront the Chinese government in an article published Wednesday. In his article, titled "Uygurs must fight for rights within China," Sheridan said Rebiya should leave aside her campaign for a separate state for a while and "concentrate instead on human rights, cultural autonomy and democracy," so as to win support and aid from Western nations. He lauded Rebiya's week-long visit to Australia, saying it would "change the course of Chinese politics." However, responding to Sheridan's instruction to the self-appointed Uygur leader, many netizens expressed their disagreement with his absurdities and scoffed at his ignorance and crankiness. "Has anyone worked out of these facts about Kadeer? She was born and grew up in Xinjiang, but she cannot speak Chinese (Mandarin); She has 11 children and many many grand children (a lot of them live abroad); she was once one of the richest women in China; she had been a representative for her people in the highest political body in China and had gushed so much praises for the Chinese government...," Weldon, a netizen in Canberra, said in a follow-up post to Sheridan's article. "'Extermination of Uygur cultural?' or 'Ethnic cleansing?' or 'Suppressing the minority people?' or 'A woman compassionate for her cause?', I am confused," he said. Jonny of China called the report "another anti-Chinese rant." "I did not read all the replies. I did not need to. Most that Iread succinctly corrected your bias," he said. "The minorities in China including the Tibetans which you again focus on are given favored treatment... Greg your obvious ignorance of China is appalling for a person who writes about international affairs," Jonny added. A netizen named David said Australia's invitation for Rebiya was wrong. "Let's imagine what will happen if Australians invite Bin Laden to Sydney to give a speech with topic like 'How to end the U.S. rule around the globe and fight for the rights for all Muslims," he said. Sharon of Brissy called Sheridan's article "a load of rubbish." "Get your facts right before you start making bias reporting. The Uygurs get a lot of privileges as compared to the Hans. Plus during the ethnic riots were incited by the Uygurs with the majority who died are Hans," she said. GMK of Gold Coast, who described himself as a "war veteran -- married to a traditional Australian-Chinese lady with a young son, and a frequent visitor to China," said he was puzzled about this media/Australian government-driven fantasy. "That is their China and the Chinese, which is being produced. It is nothing like reality," he said. The 56 separate and distinct ethnic groups within the borders of China all "have their cultural sensitivities guaranteed" by the Chinese government, he noted. Yue, a netizen in Melbourne, said he did not understand why Western nations always have a prejudice against China. "Why Western countries always see people instigating terror and hatred in China as a hero? Why do they always believe words said by these people rather than government?" he asked.
BEIJING, Aug. 27 (Xinhua) -- China's top political advisor Jia Qinglin has called for deep recognition of the historic necessity and enormous advantages of China's political system of multiparty cooperation and political consultation under the leadership of the Communist Party of China (CPC). The natural difference between the political systems of China and the West must be deeply recognized, said Jia Qinglin, chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC) and member of the Standing Committee of the CPC Central Committee Political Bureau at Thursday's meeting of the presidium of the CPPCC National Committee. Jia Qinglin, chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), who is also a member of the standing committee of the Political Bureau of the Communist Party of China Central Committee, presides over the 17th chairpersons meeting of the 11th National Committee of CPPCC in Beijing, China, on Aug. 27, 2009 Jia remarked these while making arrangements for the celebration of the 60th founding anniversaries of both the People's Republic of China and the CPPCC. The CPPCC National Committee and local CPPCC committees plan to organize many events to mark the anniversaries. The CPPCC will continue to carry out the educational campaign about the persistence in the socialist road of political development among its members, Jia said. He highlighted the importance of the upcoming Fourth Plenary Session of the current CPC Central Committee. CPPCC should continue contributing its proposals and suggestions to helping the government reach the goal for economic growth as well as maintain social harmony and stability, Jia said.
来源:资阳报