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UNITED NATIONS, Oct. 22 (Xinhua) -- China on Friday voiced its hope that the upcoming summit of the Group of 20 largest economies (G20) will help achieve positive efforts that include the efforts to strengthen the institution building, enhance market confidence around the world and accelerate the recovery of the world economy.The statement came as Li Baodong, the Chinese permanent representative to the United Nations, was speaking at the informal meeting of the UN General Assembly on the upcoming G20 summit in Seoul, the capital of the Republic of Korea (ROK)."China hopes that the Seoul summit will, in the spirit of mutual benefit and win-win outcome on the basis of implementation of the outcomes of previous G20 summit, achieve the following positive results: First, strengthen the institution building of the G20, enhance market confidence around the world, and accelerate the recovery of the world economy," Li said."Second, complete the IMF's share reform before the summit and fulfill the commitments made by the G20 leaders," he said. "Third, address the imbalance in development issues, so as to provide political support to the early realization of the MDGs," the eight anti-poverty targets to be reached by 2015. IMF stands for the International Monetary Fund, a Bretton Woods institute.A one more positive results that China hopes to see at the end of the coming G20 summit is to "facilitate the achievement of a comprehensive and balanced outcome at the Doha Round and the fulfillment of the Development Round objectives," he said."China stands ready to work with all parties concerned to ensure that the G20 summit continue to develop in line with the common interests of the international community," he said.Meanwhile, the senior Chinese diplomat also voiced his support to the UN involvement in the G20 summit."China supports the initiative of the G20 to invite, as it did in the past, representatives of the United Nations to participate in the summit and its preparations," he said."China welcomes the effort of the (UN) secretary-general to gather the views and proposals of the member states and bring these inputs to the summit in Seoul," Li said."The G20 summit has played a significant and positive role in coordinating global response to the international financial crisis and in promoting the recovery of the world economy. The United Nations is the most authoritative and representative multilateral organization," he said. "Enhancing coordination and cooperation between the G20 and the United Nations will help strengthen global economic governance, promote the sustainable and balanced recovery of the world economy, and address the legitimate concerns of small and medium-sized countries."The G20 members account for 90 percent of global output, 80 percent of global trade, and two-thirds of the world's population. They include: Argentina, Australia, Brazil, Britain, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, the ROK, Russia, Saudi Arabia, South Africa, Turkey, the United States and the European Union.
HANGZHOU, Sept. 10 (Xinhua) -- Tropical storm Meranti hit east China's Zhejiang Province at 7 p.m. Friday after leaving the neighboring province of Fujian where about 150,000 people were evacuated, said local authorities.Typhoon Meranti weakened to a tropical storm at 2 p.m. in Fujian Province, and then to a tropical depression at 8 p.m. in Zhejiang.The tropical depression was tracked as it passed through Lishui City of Zhejiang at 8 p.m., with a wind speed of 54 km per hour near its center, according to Zhejiang provincial flood control authorities.The storm is moving northeastward at 20 km per hour, and may leave Zhejiang Saturday morning or further weaken, according to the Zhejiang meteorological center.Photo taken on Sept. 10, 2010 shows high waves hitting a port in Pinghai Town of Putian, southeast China's Fujian Province, Sept. 10, 2010. Meranti, the 10th typhoon that hit China this year, made landfall at Fujian on Friday, according to provincial flood control authorities.Earlier Friday Meranti made landfall at Shishi city in Fujian at 3:30 a.m., packing winds of up to 126 km per hour near its center, according to provincial flood control authorities.A total of 145,300 people in Fujian were evacuated to avoid rain and wind triggered accidents.Also, about 33,200 fishing boats returned to port before 8:00 p.m. Thursday to take refuge from the typhoon.Meranti has brought up to 88 mm of rain to Shishi, according to a statement released by the city's flood control and drought relief headquarters.More than 100 hectares of crops were submerged and direct economic losses have reached 15.35 million yuan (2.27 million U.S. dollars), the statement said.In Shishi's neighboring Jinjiang city, over 100 power supply lines have been cut and more than 650 workers in 53 teams have been organized for the repair work.Rainstorms were also seen in the cities of Putian, Fuzhou and Ningde Friday.Meranti is also forecast to bring rains to Anhui Province from Saturday and threaten more than 5 million mu (about 333,000 hectare) of crops.The National Meteorological Center said in a statement that the storm will bring strong winds and torrential rains to parts of southern China until late Friday night.

TIANJIN, Sept. 5 (Xinhua) -- Executives from China's auto makers Sunday rejected an official warning that unchecked growth in the industry was leading to excess capacity and could harm the wider economy.Chen Bin, an official with the National Development and Reform Commission, China's top economic planner, Saturday said excess auto capacity threatened sustainable economic development and must be "resolutely" stopped.But industry representatives and the China Association of Automobile Manufacturers (CAAM) Sunday argued car makers were only trying to meet expected demand in the world's largest auto market.Dongfeng Automobile, a major Chinese auto manufacturer, had been running in top gear since last year, said Fan Zhong, a senior manager. "Our problem is not having enough capacity."Most entrepreneurs at the International Forum on Chinese Automobile Industry Development in Tianjin had similar views.Ford China was focusing on expanding capacity as demand kept rising, said CEO Robert Graziano.The overall capacity of China's auto industry might seem excessive, but the market had huge potential for restructuring and growth, said Hu Xinmin, honorary chairman of the CAAM.
BEIJING, Sep. 2 (Xinhua) -- China's Vice Premier Zhang Dejiang Thursday called upon Chinese industrial firms to improve the quality of their products as part of the efforts to transform China's economic growth pattern.Chinese enterprises should boost the quality of industrial products by upgrading their technologies and establishing a quality-based credit system of enterprises, said Zhang at a forum held in Beijing which focused on how to improve the quality and reputation of Chinese industrial products.He also called for accelerating the establishment of industrial standardization system, actively taking part in drafting and revising of related international standards and establishing a reward and punishment system that favors firms that manufacture high-quality products.Zhang also urged China's domestic firms to step up efforts to nurture indigenous brands to make "made in China" a byword for high-quality products.
XIAMEN, Sept. 7 (Xinhua) -- China's foreign trade surplus was approximately 84 billion U.S. dollars from Jan. to July, down 20 percent year on year, and the year 2010 is expected to see a small trade surplus, said Commerce Minister Chen Deming on Tuesday.Chen made the projection at the ongoing World Investment Forum that runs from Sept. 7 to 9 in southeast China's coastal city of Xiamen.China has seen a trade surplus in recent years, but with a decreasing margin, and the trade surplus takes up a very small proportion of the GDP, noted Chen."China's foreign trade policy aims to stabilize exports and increase imports, which can boost China's economy and also bring positive impacts to neighboring countries," said Chen.Customs statistics show that China's import and export value in the first seven months reached 1,617 billion U.S. dollars, with exports worth 850.5 billion U.S. dollars, up 35.6 percent, and imports at 766.6 billion U.S. dollars, up by 47.2 percent.China's trade surplus in 2009 was more than 190 billion U.S. dollars, down 34.4 percent from the 290 billion U.S. dollars in 2008.The World Investment Forum is the global meeting on investment and development issues organized by the United Nations Conference on Trade and Development. Held every two years, the forum aims to strengthen international cooperation in the interest of promoting international investment and its contribution to economic growth and development.
来源:资阳报