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BEIJING, June 18 (Xinhua) -- China's fiscal risk is controllable as it aims for a balanced economy, a senior finance official said Friday in a call for "growth-friendly" fiscal consolidation of the world economy."According to some indicators, the fiscal risk China is facing is controllable, and China's fiscal development retains sound momentum," said Vice Finance Minister Zhu Guangyao at a news briefing on the fourth Group of 20 (G20) summit.China's budget deficit accounted for 2.9 percent of GDP in 2009 and was expected to stand at 2.8 percent this year, said Zhu."Even facing healthy and sound momentum, the Chinese government attaches importance to balanced and stable economic development," said Zhu.Fiscal consolidation would be a major topic at the Toronto summit, and the G20 leaders would discuss how to maintain robust, sustainable and balanced economic growth, said Zhu.Some European Union (EU) member states have announced austerity plans to cut public deficits in a bid to restore investor confidence in their economies and in the euro, but the fiscal consolidation measures have drawn strong opposition.Zhu said the global economy was undergoing gradual recovery, but still facing some uncertainties, especially with the European debt crisis.
BEIJING, Aug. 15 (Xinhua) -- Overseas Chinese have held memorial meetings and other mourning activities recently to remember the victims of a massive mudslide in northwest China that killed at least 1,248 people.During a mourning ceremony on Sunday at a Chinese-language school in Christchurch, New Zealand, overseas Chinese nationals and students observed three minutes' silence for the victims and placed candles in the shape of a heart.Participants then made donations to the mudslide-hit areas, saying they were deeply concerned about those affected by the disaster.On the same day, some overseas Chinese and employees of Chinese companies and institutions in Serbia suspended entertainment activities voluntarily to express their condolences for the victims.In Jordan, people from various walks of life and overseas Chinese residing in the country have offered their sympathy and condolences.Overseas Chinese in Cambodia have called the Chinese embassy to express condolences, saying they are ready to donate for the reconstruction of the mudslide-hit region.The death toll from the Aug. 8 massive mudslide in Zhouqu county, northwest China's Gansu province, has risen to 1,248, with 496 still missing, local disaster relief headquarters said.China is observing a day of national mourning on Sunday, with national flags flying at half mast and all public entertainment activities suspended.

CHANGSHA, July 4 (Xinhua) -- Chinese Premier Wen Jiabao has warned that China's macro economic control policy is facing mounting difficulties with the severity of the international financial crisis and the unpredictable nature of the global economic recovery."China's current economy remains good, but the domestic and international environment is extremely complicated," Wen said while addressing a symposium held Saturday in Changsha, capital of central China's Hunan Province.The symposium, which was presided over by Premier Wen, was thrown to feature economic situation in three provinces of Hubei, Hunan and Guangdong.At the symposium, Wen reiterated the government's stance in maintaining the continuity and stability of macro economic policies, and making these macro policies more flexible and targeted.Wen said the government would "work to promote stable and relatively fast domestic economic growth, restructure the economy and manage inflation expectations to ensure the government's goals for 2010 are met."The government would endeavor to resolve long-term structural problems while targeting urgent issues, Wen said.Before the symposium, Wen also inspected flood prevention and control efforts in parts of Hunan Thursday, and moved on to Changsha, the provincial capital, to visit a number of other venues including companies ranging from machinery, outsourcing to animation companies Friday.While inspecting the companies, Wen enquired about their business, employment and social security, and encouraged them to step up innovation."An internationally competitive enterprise needs products of the best quality, world-leading patent technologies and generations of excellent staff," Wen said when talking with employees in Sany Group, a Changsha-based leading Chinese engineering machinery manufacturer.Wen talked with employers and job hunters at a job market in Changsha. He told a female university student named Yan Youping that the priority for university students was to study hard and grasp skills at school, and students should be clear about personnel demands and be prepared.
BEIJING, Aug. 21 (Xinhua) -- China's flood control authority Saturday urged more efforts to battle flooding in areas along the Yalu River in northeast China's Liaoning Province, to ensure the safety of local residents.The Office of National State Flood Control and Drought Relief Headquarters has required relevant departments to focus on the prevention of landslides.The office dispatched a work team to Liaoning Saturday to assist flood-control efforts.As of 7 a.m. Saturday, three people were missing and about 51,000 people had been evacuated, after the swollen Yalu River flooded parts of Dandong City in Liaoning.
来源:资阳报