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BEIJING, July 24 (Xinhua) - China's economy is unlikely to see a "double dip" in the second half of this year, and the economic growth for the remaining six months is expected to surpass 9 percent, according to a Bank of Communications report released Saturday.China's economic growth will slow down in the next half year, while consumer prices would fall from its peak, said the nation's fifth largest commercial bank in a report on the outlook of China's economy for the second half of 2010"For China, it is never a recession unless the economic growth drops below 7 percent," said Lian Ping, chief economist with the Shanghai-based bank.The growth is sustainable and healthy for the economy as the growth rate stays around 9 percent, he said.China's exports, a major force driving the economic growth, would continue to rebound in the second half, and the growth for the entire year would stay above 20 percent, according to the report.For the latter half of 2010 consumption is to grow by 18.5 percent from a year ago while investment growth will drop steadily to about 21 percent due to government support to the private sector and strategic emerging industries, it said.Increasing labor costs, resources and food prices is expected to push up China's consumer prices, but the growth would be restrained in the second half due to the slowing money supply and eased imported inflationary pressures, it said.China's gross domestic product (GDP) expanded 11.1 percent in the first six months of this year from one year earlier, data from the National Bureau of Statistics (NBS) showed.China's consumer price index stood at 2.6 percent in the first half of 2010, according to the NBS, while retail sales and fixed asset investments grew 18.2 percent and 25 percent year on year, respectively.China would maintain a stable monetary policy for the rest of the year since the global economic condition is still complicated, and an interest rate hike is unlikely to be seen, said the report.The bank estimated that new loans for the entire year would stand between 7 to 8 trillion yuan (1.03 trillion to 1.18 trillion U.S. dollars).The bank also forecasted in the report that the Chinese government would remain tough with the property sector, but there is little possibility for additional curbs on the market. Property investment would largely fall, but there will not be a significant decline in property prices.Lian suggested that the Chinese government pay attention to the possible cumulative effect of policies on the economy and keep market liquidity at a reasonable level.
BEIJING, July 26 (Xinhua) -- The Ministry of Health on Monday publicized a draft revision of the national standard of iodine content in edible salt, in which it stated the upper limit should be lowered by half.The average iodine content would be reduced to between 20-30 mg per kg of edible salt, from the current 20-60 mg, according to the draft.Iodine intake was "excessive" in five provinces and "above normal" in 16 other provinces, although the national level was "acceptable," the ministry said Monday in a statement explaining the revisions.Members of the public are invited to make submissions on the draft revision to the ministry via fax and email before Sept. 12.The ministry said earlier this month iodized salt was still essential in China as benefits of it still outweighed the negatives, citing the results of a nationwide risk assessment on iodine intake.The assessment was carried out in response to claims by media and medical experts that people in some regions, coastal areas in particular, were taking in excessive amounts of iodine.Since 1996, iodine has been added in salt across the country because in most parts of the country, the average diet is iodine deficient.Both iodine deficiency and excessive intake can lead to thyroid diseases.

BEIJING, July 25 (Xinhua) -- Chinese Vice President Xi Jinping Sunday called on overseas Chinese youths participating in a "root-seeking tour" to carry on the traditions of their ancestors, feed their mind with spiritual nutrition from the Chinese history and culture, and become communicators between cultures.Xi told more than 6,000 overseas Chinese youths from 51 countries and regions including Hong Kong, Macao and Taiwan, that they should become active promoters of cultural exchanges.Xi enouraged the youths to actively participate in various forms of cultural exchange activities, let more people know about the rich Chinese culture, and become "civilian ambassadors" between China and the places they live in.Chinese Vice President Xi Jinping delivers a speech at the opening ceremony of the "2010 Chinese Root-Seeking Tour" summer camp in Beijing, July 25, 2010.Xi made the call in a keynote speech at the opening ceremony of the "2010 Chinese Root-Seeking Tour" summer camp held at the Great Hall of the People.Xi said that overseas Chinese coming back to China to seek their roots show that they have a strong "sense of closeness" toward their ancestral home, and understand that their blood is Chinese and they are willing to carry on the Chinese culture that has lasted thousands of years."The Chinese culture is the only one of the world's ancient civilizations that continuously lasted 5,000 years. The unique cultural traditions are the common wealth of all the Chinese at home and abroad," he said.Xi stressed that China would always adhere to the road of "development, peace and cooperation" and make greater contributions to the progress of mankind's civilization.Since 1999, six sessions of the "Chinese Root-Seeking Tour" summer camp have been held by the State Council Overseas Chinese Affairs Office and the Chinese Overseas Exchange Association. During the following three days, camp members will visit historical sites and scenic spots in Beijing and have a get-together with their local peers.
BEIJING, June 11 (Xinhua) -- Urban fixed assets investment in China for the first five months rose 25.9 percent year on year to 6.74 trillion yuan (986.76 billion U.S. dollars), the National Bureau of Statistics (NBS) announced Friday.The growth rate was 0.2 percentage points down from that for the first four months, according to figures released by the NBS.In the first five months, central government project investment was 540 billion yuan, up 14.1 percent year on year; investment by local governments soared 27 percent to 6.2 trillion yuan.Investment in railways construction and transportation climbed 20.4 percent to 161.1 billion yuan during the same period.The government is reportedly planning to spend 700 billion yuan on high-speed railway construction this year.Total investment in the primary sector (including farming, fishing and forestry) expanded 16.1 percent from a year earlier.The industrial sector saw investment up 22.4 percent and investment in the tertiary sector, which covers commerce, finance and services, was up 28.8 percent.Property market investment grew 38.2 percent to 1.39 trillion yuan in the first five months, 2 percentage points higher than the figure for the first four months, according to NBS data.
BEIJING, July 20 (Xinhua) -- China has hailed its relationship with Thailand, calling the bilateral relationship exemplary.Chinese Vice Premier Li Keqiang made the remarks in a meeting with Thailand's Deputy Prime Minister, Suthep Thuagsuban, in Beijing on Monday.During the meeting, Li reviewed the 35 years of diplomatic ties between China and Thailand.Li said the two countries understand and respect each others' core interests.Calling the bilateral relationship a treasure for both nations, Li said the relationship is "a paradigm for how China and its neighboring countries can exist in harmony and benefit each other."Li highlighted the soaring trade volume between China and Thailand.He said China hopes to step up communication and deepen all-round trade cooperation with Thailand, as the China-ASEAN Free Trade Agreement boosts economic engagement.Suthep said Thailand values its ties with China and that it hopes to expand cooperation with China in all fields.
来源:资阳报