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BEIJING, May. 13 -- China's trade surplus decreased slightly last month from a year ago amid declines in international trade growth triggered by the global economic slowdown. Monthly surplus reached 16.68 billion last month, down 1.14 percent year-on-year but up 24.5 percent from 13.4 billion U.S. dollars in March, the General Administration of Customs said yesterday. Exports in April rose 21.8 percent year-on-year to 118.71 billion U.S. dollars, while imports rose 26.3 percent to 102.03 billion U.S. dollars. China's trade surplus decreased slightly last month from a year ago amid declines in international trade growth triggered by the global economic slowdown.( The sharp decline in April's export growth after a 30.6 percent rise in March should be seen as a return to the medium-term trend rather than a sudden weakening in China's exports, said Sun Mingchun with Lehman Brothers. He said year-on-year growth of exports in March 2008 was abnormally strong given exports in March 2007 were extremely weak because exporters had frontloaded their shipments last February. China's trade surplus has been narrowing since the government took measures to curb exports of resource-intensive and heavily polluting products and started to encourage imports from last year. The World Trade Organization has predicted global trade growth will decline to 4.5 percent, 1 percentage point lower than last year. It could be the slowest rise since 2002. "The global economy is facing more uncertainties this year given the possible shrinkage in US demand and inflationary pressures. Both these factors are expected to aggravate the global economic slowdown, further affecting trade," said Liang Yanfen, a researcher with the Chinese Academy of International Trade and Economic Cooperation. "Slowing external demand may take more time to impact export growth, but the weakening trend is becoming more evident both in and outside the US. Higher commodity prices and currency appreciation would check the continued rise in trade surplus," said Ken Peng, a Citi analyst. Export growth stayed robust at 21.8 percent but is under pressure as even Asian demand has started to slow, suggesting that a weakening in the final product markets is affecting upstream producers while imports continue to be supported by a stronger currency, high commodity prices and government controls over trade in food and resources out of inflation concerns, he said. The country's trade surplus in the first four months narrowed to 57.99 billion U.S. dollars, 5.31 billion U.S. dollars lower than a year ago. Exports in these four months amounted to 424.6 billion U.S. dollars, up 21.5 percent, or 6 percentage points less than a year earlier. Imports were 366.6 billion U.S. dollars, up 27.9 percent, or 8.8 percentage points more than a year earlier. Realized foreign investment reached 35.02 billion U.S. dollars during the four months, up 59.32 percent year-on-year, the Ministry of Commerce said.
BEIJING, July 12 (Xinhua) -- The Chinese government will modify its temporary subsidy plan for quake survivors starting in September, with each survivor experiencing financial hardship to get 200 yuan (29 U.S. dollars) per month, a State Council statement said on Saturday. "Life in most parts of the area will return to normal by September but, in some worst-hit areas, some people might still suffer difficulties. To help them, the government decided to continue financial assistance after the present policy ends," said the statement issued after a cabinet meeting presided over by Premier Wen Jiabao. Chinese Premier Wen Jiabao (C) presides over the 23rd meeting of the quake relief headquarters of China's State Council in Beijing, capital of China, July 12, 2008. The quake, on May 12, left millions of people homeless and destitute. The policy will cover such categories as orphans, the elderly and the disabled without family support, those whose relatives were killed or severely injured, those who were displaced and those whose residences were destroyed, it said. Since the disaster, every needy survivor has been eligible to receive 10 yuan and 500 grams of food a day. The policy has covered about 8.82 million people but will end in August. The new system won't include any food allotment. Some types of survivors could receive more than the minimum. Under the present policy, about 261,000 orphans, elderly and disabled without family support have received 600 yuan a month. Under the new policy, they will receive more than 200 yuan, the statement said, without elaborating. The new policy will expire in November, the statement said. Chinese Premier Wen Jiabao speaks at the 23rd meeting of the quake relief headquarters of China's State Council in Beijing, capital of China, July 12, 2008 The meeting heard a report by an experts' committee on the Wenchuan County-centered quake and ordered it to keep monitoring aftershocks in the quake zone for another two months. The panel was also told to forecast areas that might be affected by major secondary disasters and evaluate possible losses to help reconstruction. The experts were also told to locate sites where quake debris can be stored for long periods for later investigation and take measures to protect such sites. The meeting endorsed an assessment report by central and provincial authorities, which listed 10 counties and cities, including Wenchuan County, Beichuan County and Dujiangyan City, as the worst-hit areas. Another 41 counties, cities and districts were characterized as heavily affected and other 186 were said to be moderately affected. The first two categories will be covered by the national reconstruction plan, it said. The 8.0-magnitude quake has claimed nearly 70,000 lives, injured more than 374,000 people and left another 18,340 missing.
LANZHOU, July 10 (Xinhua) -- Local governments should promote the spirit of quake relief to carry out reconstruction work and economic and social development, said a senior Chinese official. Jia Qinglin, chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), said this during his inspection tour to quake-affected Shaanxi and Gansu provinces from Sunday to Thursday that there have been heavy tasks for local governments in terms of relocating quake survivors and rebuilding damaged or destroyed facilities. Jia Qinglin (2nd L), chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), receives Tibetan scroll painting Tangka and Hada, a long piece of silk used as a traditional greeting gift, offered by a living Buddha of the Labrang Lamasery during his visit to the Lamasery in Xiahe County, Gannan Tibetan Autonomous Prefecture, northwest China's Gansu Province, July 9, 2008.He went into tents to ask local people about quake relief supplies and their living conditions, praised soldiers and workers on rebuilding sites, and encouraged students to keep up their studies in temporary classrooms. He told officials to ensure food, water, clothes and bedding continue to get to survivors, focus on solving housing problems and make scientific plans for reconstruction. Jia, also a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, also visited several high-tech enterprises in Gansu. "Although we have gone through the most severe challenge, the country's economy continues to develop in a steady, relatively fast way in general," he said, adding: "We should transfer the spirit of quake relief into the driving force of economic development." He also stressed maintaining social stability in Tibetan-inhabited regions
KIEV, Sept 19 (Xinhua) -- The Seventh Euro-China Forum ended Friday in Kiev, the capital of Ukraine, as participants called for further dialogue and cooperation between China and Europe. In the three-day forum entitled "Silk Road of the 21st century," nearly 200 politicians, academicians, economists from Europe and Asia discussed Sino-Europe relations and economic cooperation. Ukrainian President Viktor Yushchenko said China has made great achievements in its economic development and "Ukraine is willing to learn China's successful experiences and strengthen exchanges and cooperation with China." China has just successfully hosted the 2008 Olympic Games and its scale and level was impressive, the president said in a message to the forum. Addressing the forum, former French Prime Minister Laurent Fabius said that apart from economic cooperation, the Europeans and Chinese should enhance their cultural exchanges to know each other even better. "The economic and trade relations is the core of the Europe- China cooperation. We, Europeans and Chinese, should seize every opportunity to smoothen out potential frictions and to bridge the gap between the intensification of our commercial relationship and the weakness of our intellectual exchanges. In this respect, the Euro-China Forum plays a crucial part. And its influence keeps growing." he said. Fabius also noted that Europe in the past called China "a sleeping giant" and the giant is now waking up. "The success of the Beijing Olympic Games showed China's vigor and enthusiasm," he said. Chinese ambassador to Ukraine Zhou Li said that Ukraine is an important country in Europe and the Chinese government attaches great importance to developing relations with Ukraine and Europe. The bilateral economic and trade relations between China and Ukraine have developed steadily in recent years, he said. "I believe the friendly cooperative relations between China and Ukraine will see a more brilliant future thanks to bilateral joint efforts," Zhou Li said. The non-governmental forum was initiated by China Europe International Business School to foster unofficial exchanges between the two sides of the Eurasian continent. The forum was first held in 2002 in Barcelona, Spain.
BEIJING, July 3 (Xinhua) -- A senior Chinese diplomat on Thursday urged developed and developing countries to work on common policies and cooperation to address the global challenges such as climate change and food security. "China values dialogue between the Group of Eight (G8) and developing countries", Assistant Foreign Minister Liu Jieyi said at a briefing on President Hu Jintao's attendance at the Outreach Session of the G8 Summit. At the invitation of Japanese Prime Minister Yasuo Fukuda, Hu will attend the Outreach Session of the G8 Summit in Japan from July 7 to 9. The G8, comprising the United States, Britain, Germany, Canada, France, Italy, Japan and Russia, holds a summit each year. Liu said the issues to be discussed would be "important" and "urgent", and he hoped the meeting would promote the dialogue between South and North, step up multilateral cooperation to resolve global issues and ensure lasting peace and common prosperity. A briefing on President Hu Jintao's attendance at the Outreach Session of the G8 Summit is held in Beijing, July 3, 2008 Liu said China had been cementing dialogue and exchanges with the G8, citing the fact that Hu had participated in the past four dialogues among leaders of the G8 countries and developing countries. China was involved in the ministerial meetings between G8 and developing countries focusing on finance, environment, development, science and technology, and energy, Liu added. Hu would participate in a joint meeting with leaders from India, Brazil, South Africa and Mexico, attend in a summit of G8 countries and five developing countries, and take part in a meeting of leaders from the major economic powers to discuss energy security and climate change. "President Hu will also attend a working lunch to discuss issues of common concern such as the world economic situation, food security and development", Liu said.