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BEIJING, June 17 (Xinhua) -- Chinese Premier Wen Jiabao said Wednesday China's economy is at a critical moment as it begins to recover "steadily". Wen told an executive meeting of the State Council, China's Cabinet, that economic performance had started to show positive changes, favorable factors were increasing, the overall situation had stabilized and was moving upwards. He said the government should continue a pro-active fiscal policy and moderately relaxed monetary policy. Investment growth kept accelerating, consumption maintained a rapid and steady increase, and domestic demand played a stronger role in boosting economic growth, said Wen. Agricultural and industrial production grew, and regional coordinated development was making progress, said Wen. The financial market was stable, and investor confidence stronger. Urban employment kept rising, and reconstruction of areas affected by last year's May 12 earthquake was speeding up, said Wen. Government measures to fight the global economic crisis proved correct and effective, and should continue to be implemented and improved according to the changing situation, he said. But it should also be noted that the foundation for economic recovery was not stable and many uncertainties remained, said Wen, citing sluggish exports, the fiscal deficit and trade protectionism. Wen called for clear-headed judgment and readiness for difficulties and complexities that might occur in the long term. He urged local governments to further promote economic restructuring, guarantee the stable development of agriculture, encourage technological innovation and work to enhance energy conservation and environmental protection. Comprehensive efforts should be made to boost domestic demand to power economic growth, Wen said, singling out such measures as subsidies for home appliances and automobiles in rural areas. Housing consumption should be properly guided and the stable, healthy development of the property market should be ensured, said Wen, adding that tourism, entertainment and cultural consumption should be developed. Central government-invested programs should be carefully carried out, while private investment should be expanded, said Wen. He also highlighted the importance of the coordinated development of urban and rural areas, called for the further deepening of reform and opening up and the building of social insurance systems.
BEIJING, July 16 (Xinhua) -- Chinese Vice President Xi Jinping attended Thursday the graduation ceremony of the Party School of the Communist Party of China (CPC) Central Committee and conferred certificates on graduates of the spring semester. Xi, a member of the Standing Committee of the Political Bureau of the CPC Central Committee, is President of the school. Chinese Vice President Xi Jinping attends the graduation ceremony of the Party School of the Communist Party of China (CPC) Central Committee July 16, 2009. The ceremony marked the graduation of 744 Party officials from the Central Party School and more than 2,800 graduates from the school's branches The ceremony marked the graduation of 744 Party officials from the Central Party School and more than 2,800 graduates from the school's branches. Chinese Vice President Xi Jinping confers certificates on graduates of the spring semester of the Party School of the Communist Party of China (CPC) Central Committee July 16, 2009.The Party School of the CPC Central Committee is the highest institution for training high- and middle-ranking party officials and Maxist theoreticians. The School's history dates back to the school of Marxism and Communism set up in March 1933. The graduates said that during the study they had exchanged working experiences with each other and the education had strengthened their political belief. Politburo member and director of the CPC Central Committee Organization Department Li Yuanchao and several other high-ranking party officials also attended the graduation ceremony.
BEIJING, May 10 (Xinhua) -- China and Kuwait signed five agreements here on Sunday in an effort to further the bilateral relations to a higher level. The agreements covered fields of energy, finance, telecommunication, transportation and education, according a press release from the Chinese Foreign Ministry. However, the press release does not give details about the agreements, only emphasizing they are among the positive steps to push foreword the bilateral relations. Chinese President Hu Jintao and visiting Kuwaiti Emir Sheikh Sabah al-Ahmad al-Jaber al-Sabah witnessed the signing ceremony after they conferred on the bilateral ties and other issues of common concern. Chinese President Hu Jintao (L) and visiting Kuwaiti Emir Sheikh Sabah al-Ahmad al-Jaber al-Sabah review the guard of honor during a welcome ceremony in Beijing, capital of China, on May 10, 2009 During the talks, Hu highlighted the growth of the relations since the two countries forged diplomatic 38 years ago and offered a three-point proposal to cement the bilateral cooperation in the various fields. He called on the two sides to cement political mutual trust and maintain the high-level exchange and give a full play to their economic edges. Hu suggested the two countries expand their energy cooperation, saying that China is willing to work closely with the Kuwaiti side to establish a long-term and strategic partnership with mutual benefit in the regard of energy, the press release added. The Chinese President also proposed to promote the bilateral cooperation in other fields such as trade, transportation, telecommunication and engineering, promising that China will encourage its enterprises to invest in and establish their businesses in Kuwait. Agreeing with Hu's views on the bilateral relations, Emir Al-Sabah said that Kuwait highly values and regards its relations with China as one of the most important foreign relations. Kuwait is committed to fostering its friendly and cooperative relations with China based on the mutual understanding and trust, Emir Al-Sabah said, calling on the two to intensify their exchange and cooperation on international and regional issues. The two heads of the state also exchanged views on such issues as Middle East, the press release added. As Hu's guest, Emir Al-Sabah arrived in Beijing on Sunday afternoon, starting his four-day state visit to China from May 10 to 13.
BEIJING, June 24 (Xinhua) -- China said Wednesday that boosting regional trade and investment was a crucial task for countries in east Asia. Premier Wen Jiabao also called on countries in east Asia to "deepen financial cooperation and infrastructure construction to increase the ability to confront economic risks." During talks with his Thai counterpart, Abhisit Vejjajiva, Wen said China would always support the leading role the Association of the Southeast Asian Nations (ASEAN) played in east Asia. Chinese Premier Wen Jiabao (1st L) holds a welcoming ceremony for Thai Prime Minister Abhisit Vejjajiva (2nd L) at the Great Hall of the People in Beijing, capital of China, June 24, 2009. On the Sino-Thai relationship, Wen said it had met the test, and substantial cooperation had developed, since the two countries forged diplomatic ties 34 years ago. "China will work with Thailand to cement the traditional friendship and strategic cooperation to push forward bilateral ties," Wen said. He proposed that the two sides maintain coordination on bilateral relations and major international issues, implement the agreement on economic and trade cooperation, and take effective measures to maintain steady trade development. China encouraged its entrepreneurs to invest in Thailand, Wen said, adding that both countries should ensure a proposed highway from Kunming, China to Bangkok be completed at an early date and promote trade and logistics in the Mekong River area. Abhisit said Thailand and China had enjoyed a long-term friendship and the relationship and cooperation in all areas had improved. He noted that amid the financial crisis, Thailand would expand trade, agricultural, tourism and education cooperation with China. He said Thailand adhered to the one-China principle and would like to push forward cooperation between China and ASEAN. Before the talks, Wen held a ceremony to welcome Abhisit, who arrived in Beijing Wednesday for a four-day tour.
BEIJING, July 8 (Xinhua)-- China's gross domestic product (GDP) growth in the second quarter this year is forecast to accelerate close to 7.8 percent, Goldman Sachs Asia and the Beijing-based Gaohua Securities Company said in a report Wednesday. "The figure is above our previous forecast of 7.0 percent year on year," said Song Yu, one author of the report and Goldman Sachs Asia's economist on China's macro-economy. According to the report, economic performance of China in June will show robust improvements, with the industrial output expected to rise about 10 percent in June from 8.9 percent in May. Fixed asset investment in June is forecast to grow 42 percent year on year, up from 38.7 percent in May. Exports is expected to decline 22 percent in June from a year earlier, smaller from a 26.4 percent dip in May, while imports may post a eased drop at 18.0 percent from a 25.2 percent fall in May. The consumer price index is expected to fall 1.5 percent in June from a year ago, compared with a 1.4 percent drop in May. Producer price index would decline 7.6 percent year on year, compared with a slide of 7.2 percent in May. Zhou Xiaochun, governor of the country's central bank, said in late June that the second quarter is expected to be better than the first, when the gross domestic product grew 6.1 percent. The National Bureau of Statistics said in June that China's GDP will grow close to eight percent in the second quarter. China is due to release its second-quarter GDP data in mid-July.