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BEIJING, Feb. 27 (Xinhua) -- China's massive stimulus package has proved effective, with the Chinese economy having bottomed out and now in recovery mode, Chinese Premier Wen Jiabao said during an online chat Saturday.The stimulus package brought confidence and courage, and improvements have been gradually made during its implementation, Wen said while chatting online with Netizens at www.gov.cn and www.xinhuanet.com.Boosted by a raft of stimulus measures, China's economy expanded 8.7 percent in 2009, staging a speedy recovery after being hit by the worst global financial crisis in eight decades.Chinese Premier Wen Jiabao (L) prepares to chat with Internet surfers on two state news portals in Beijing, China, Feb. 27, 2010. The two portals, the central government website (www.gov.cn) and the Xinhua News Agency website(www.xinhuanet.com), will jointly interview Wen, which will be shown live in both text and videoThe stimulus package included fiscal spending; tax cuts; adjustment and support policies for key industries; support systems for scientific development; and improvements in the social security system.The package has contributed to the nation's development and people's livelihood with both economic and social achievements, he added.
BEIJING, Jan. 31 (Xinhua) -- China's top political advisor Jia Qinglin Sunday urged Beijing to transform its economic development pattern and improve people's livelihood.Beijing should foster more enterprises in high tech industry, build Zhongguancun, dubbed as China's "silicon valley", into in an innovation hub with global influence, said Jia, chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), during his inspection in Beijing on Saturday and Sunday.Jia called on the Chinese capital to take positive steps to shape an eco-friendly and energy-saving industrial framework, growth pattern and consumption mode.In addition, the city should spend more efforts in solving problems in people's daily life, including housing, traffic, education, health care and social security, he said.Jia also met with local political advisors and representatives from all walks of life, calling on them to study major economic and social issues and contribute their talent to the scientific development and social harmony and stability.
BEIJING, March 12 (Xinhua) -- China's central bank said Friday a stronger yuan offers no help for solving the Sino-U.S. trade imbalance problem, and China opposes politicizing yuan's appreciation.Su Ning, vice governor of the People's Bank of China, made the comments a day after U.S. President Barack Obama told the U.S. Export-Import Bank's annual conference that a more market-oriented exchange rate of yuan will make an essential contribution to global rebalancing efforts."We do not think a country should rely others to solve its own problems," Su, a member of the Chinese People's Political Consultative Conference (CPPCC) National Committee, said on the sidelines of the top political advisory body's annual session.The U.S. Department of Commerce said on March 11 that the U.S. trade deficit with China increased to 18.3 billion U.S. dollars in January from 18.14 billion U.S. dollars in December. The increase renewed the U.S. call for a stronger yuan as it claimed the current exchange rate gives Chinese goods unfair price advantages.Su said although yuan has gained more than 20 percent since it depegged the U.S. dollars in June 2005, China's trade surplus tripled from 100 billion U.S. dollars in 2004 to nearly 300 billion U.S. dollars in 2008.In addition, he argued, a weaker U.S. dollar does not help cut the U.S. deficit. As the U.S. dollar depreciated by 3 percent annually in average between 2002 and 2008, its deficit soared from 500 billion U.S. dollars to 900 billion U.S. dollars, Su said.Tan Yaling, a financial researcher with Peking University, said as nations have different roles in international trade and differ in resources, what they produce, consume and want can be very different."It is unfair that the United States, on the one hand, consumes cheap Chinese goods, while on the other hand, it blames the low prices for causing their domestic job losses," she said.The Obama administration's continuous calls for a stronger yuan is actually aimed at diverting attentions from its domestic woes, experts said.To grapple with high unemployment rate and uncertain recovery prospects, Obama has to do something on job promotion to secure victory in the mid-term election in November this year, said Chen Zhiwu, a financial professor with Yale University.To curb soaring unemployment and boost growth, Obama has announced a special task force on a mission of doubling the U.S. exports in five years, as he said the U.S. can not "stand on the sidelines," as other countries are busy negotiating trade deals.Cheng Enfu, a deputy to the National People' s Congress (NPC), China' s top legislature, said the consistent pressure from the United States is simply because of its pursuit of national interests."Over-fast appreciation of yuan does no good to the global economic recovery which is still fragile and uncertain," he said.Zhu Yuchen, also an NPC deputy, said as China plays a leading role in global economic recovery, any drastic policy change will not only impair China's economy, but also the global recovery, which is not a responsible way.President Obama's remarks also came a month ahead of a semiannual Treasury Department report that could label China as a currency manipulator.Premier Wen Jiabao said in the government work report delivered to the NPC on March 5 that China will keep the yuan "basically stable" at an "appropriate and balanced" level.HEFTY SURPLUS, BUT SLIM PROFITSAlthough China has accumulated massive trade surplus over the past decades, that does not indicate the same profits, as more than half of China's exporters are foreign invested, lawmakers said.Figures released by the Ministry of Commerce showed 55.2 percent of China's foreign trade was completed by foreign-invested businesses last year. And 56 percent of the exports were done by foreign companies in China.Cheng Enfu said China only pockets paper-thin profits from the very end of the manufacturing chain, or processing and assembling work. However, the United States earn handsome profits from designing and distribution.According to a study by researchers of the University of California, of the 299 U.S. dollars retail value of a 30-gigabyte video iPod in the United States, 163 U.S. dollars is captured by American companies and workers, and 132 U.S. dollars go to parts makers in other Asian countries, while the final assembly, done in China, cost only about 4 U.S. dollars a unit."Even though Chinese workers contribute only about 1 percent of the value of the iPod, the export of a finished iPod to the United States directly contributes about 150 U.S. dollars to our bilateral trade deficit with the Chinese," Hal R. Varian, a professor of the University of California at Berkeley, wrote on the New York Times on June 28, 2007.Cheng Enfu noted it needs to upgrade exports product mix to fundamentally reverse China's disadvantages. That is, to export more profitable self-innovative products, rather than labor-intensive processing goods.
BEIJING, Feb. 26 (Xinhua) -- The Standing Committee of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), the country's top advisory body, held a meeting Friday to discuss the agenda for the upcoming CPPCC annual session in March.Jia Qinglin, chairman of the CPPCC National Committee and member of the Standing Committee of the Communist Party of China (CPC) Central Committee Political Bureau, presided over the opening ceremony of the three-day meeting.During the meeting, senior political advisors will set an agenda for the third session of the 11th CPPCC National Committee, discuss and approve a work report for the Standing Committee of the CPPCC National Committee and a namelist for the secretariat of the March session.Political advisors on Friday also heard annual work reports from the committees of the CPPCC National Committee.The CPPCC reflects China's "multi-party cooperation system" under the leadership of the CPC.The CPPCC committees at different levels have representatives from different political groups, ethnic groups, and people of all walks of life.
WASHINGTON, Jan. 23 (Xinhua) -- U.S. Secretary of State Hillary Clinton, in a recent bold speech here, criticized China's policies on Internet administration and insinuated that China restricts Internet freedom.Clinton's statement, which were inconsistent with the facts, is clearly yet another example of the double standards that the United States applies.As is widely recognized, freedom is always relative, and such is also the case with Internet freedom. Through years of development, the Internet has been closely connected with people, bringing both convenience and threats. The threats include Internet-based crimes and pornography.It is common practice for countries, including the United States, to take necessary measures to administer the Internet according to their own laws and regulations.The Internet is also restricted in the United States when it comes to information concerning terrorism, porn, racial discrimination and other threats to society.Shortly after the Sept. 11, 2001 terrorist attacks, the U.S. Congress approved the Patriot Act to grant its security agencies the right to search telephone and e-mail communications in the name of anti-terrorism. The move aroused a great deal of controversy far and wide.U.S. authorities have also taken measures, such as installing supervision software and imposing grave punishments, to curb Internet child porn, a serious crime in the country.The United States often gossips about other countries' policies on administering the Internet, but at the same time it takes similar measures to minimize the spread of illegal information. That shows that the United States takes a strict line with other countries, but not with itself.Clinton in her speech also talked of Google's threat to quit China due to what the company said were "cyber attacks of varying degrees on a regular basis."As a matter of fact, the U.S. was the first country to introduce the concept of cyber warfare and then put it into practice. The country also developed a new type of troops -- cyber troops.The Pentagon has adopted several measures to beef up the military's cyber warfare capacity, according to American media reports last year. In June, Defense Secretary Robert Gates issued an order to establish a new military cyber command dedicated to coordinating the Pentagon's efforts to defend its networks and conduct cyber warfare. The command was expected to be fully operational by October this year.So, it is quite hypocritical to point one's finger at others without proper justification while managing to strengthen one's own cyber warfare capacity.Necessary regulation of the Internet is a consensus of the entire international community for the sake of healthy development of the Internet. No responsible country takes a laissez-faire attitude towards the use of the Internet.It is an operational norm observable by all foreign-funded enterprises to respect and comply with laws and regulations as well as public interests and the cultural tradition of the host country.Noting that most countries exert some sort of control over information,Microsoft Chief Executive Steve Ballmer said Friday his company must comply with the laws and customs of any country where it does business.The U.S. move to make Internet freedom an issue just indicates its continued application of double standards. People just wish that the United States will respect facts and treat others equally. It is not acceptable for someone to assume for themselves the high moral ground and arbitrarily make baseless charges against others.