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TORONTO, Dec. 29 (Xinhua) -- The emerging markets of China, India and Brazil will lead the way in global auto sales in 2010, a report said Tuesday. The U.S. market, meanwhile, was expected to see a double-digit increase and will lead the growth of mature markets in 2010, said the global auto report by Canadian Scotiabank Economics. The report said that a cyclical recovery in global auto sales began in the spring of 2009 and would gain momentum in 2010. China became the world's largest auto market in 2009, surpassing purchases in the United States. Car sales in China surged by more than 40 percent to 7.3 million units this year thanks to government incentives. The incentives included a reduction in sales tax from 10 percent to 5 percent for small fuel-efficient vehicles with engines less than 1.6 litres. The incentives were expected to lift sales by 20 percent to nearly 9 million units in 2010, the report said. "Global car sales will continue to be buoyed by the ongoing massive and synchronized monetary and fiscal stimulus, which has generated a global economic recovery, including improving auto lending across the globe," said Carlos Gomes, senior economist at Scotia Economics. "In fact, we estimate that auto loans across major markets bottomed in the first quarter of 2009 and have improved consistently alongside a thawing in global credit markets and falling interest rates," he said. According to the report, improving access to credit and a return to 3-percent growth in the world economy will enable 2010 car sales to recapture half of the ground lost over the past two years, and set the stage for record volumes in 2011. Auto sales in the United States have reversed the downward trend, with volumes advancing above a year earlier since August alongside a nascent economic recovery. The report also predicted that through a vehicle scrappage program to spur the market, auto sales in Canada would reach 1.53 million units in 2010, up from 1.45 million this year. "On average, 7 percent of the Canadian fleet is replaced each year," Gomes said. "However, the scrappage rate slumped to less than 6 percent in 2009, as the global economic downturn prompted Canadians to tighten their wallets and continue to drive their aging vehicles.
COPENHAGEN, Dec. 16 (Xinhua) -- Chinese Premier Wen Jiabao arrived here Wednesday evening for the ongoing UN Climate Change Conference. Wen told reporters aboard his special plane that his attendance at the meeting aims to show the great importance the Chinese government and people attach to climate change and to assert their sincerity and determination to work with the international community to meet this global challenge. Chinese Premier Wen Jiabao (3rd, L) signs his autograph on the comment book of honored guests after he arrives at Copenhagen, capital of Denmark , on Dec. 16, 2009. Wen Jiabao arrived here Wednesday evening for the ongoing UN Climate Change Conference. The Copenhagen climate conference is now in its final and critical stage, Wen said, adding that he will closely communicate and coordinate with various parties and deliver a speech outlining China's stance on climate change. "I hope the meeting, with joint efforts made by various parties, will yield fair, reasonable, balanced and achievable results," he said. During his stay in the Danish capital, Wen is scheduled to meet with some foreign leaders on the sidelines of the climate summit. "Wen's trip to Copenhagen will inject a new momentum into the climate change talks and exert positive and important impacts for future international cooperation," Chinese Deputy Foreign Minister Wang Guangya told a press conference on Dec. 10. The UN Climate Change Conference, which opened on Dec. 7, is to end Friday in Copenhagen. It aims to map out a comprehensive international arrangement for the fight against climate change over the period 2012-2020.

CHANGSHA, Dec. 2 (Xinhua) -- Senior Chinese leader Li Changchun has called on publicity departments and media organizations to "vigorously" disseminate the core values of socialist China and inspire the public to achieve the Party's development goals. Li, member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, said during his inspection tour to Hunan Province that China's achievements in the reform and opening up and modernization cause should be well presented, as well as the country's successful experience in dealing with the financial crisis. Li's five-day tour ended Wednesday, during which he urged publicity departments and news media to "spread China's practices in keeping economic development steady and relatively fast amid the international financial crisis."
CHANGSHA, Dec. 2 (Xinhua) -- Senior Chinese leader Li Changchun has called on publicity departments and media organizations to "vigorously" disseminate the core values of socialist China and inspire the public to achieve the Party's development goals. Li, member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, said during his inspection tour to Hunan Province that China's achievements in the reform and opening up and modernization cause should be well presented, as well as the country's successful experience in dealing with the financial crisis. Li's five-day tour ended Wednesday, during which he urged publicity departments and news media to "spread China's practices in keeping economic development steady and relatively fast amid the international financial crisis."
BEIJING, Nov. 18 (Xinhua) -- Wu Bangguo, chairman of the Standing Committee of the National People's Congress (NPC), China's top legislature, held talks here Wednesday afternoon with Kim Hyong-o, speaker of the National Assembly of the Republic of Korea (ROK). Wu spoke highly of Sino-ROK relations and the positive role that the two legislatures have played in enhancing bilateral relations. China attaches importance to its relationship with the ROK and both countries are of great influence in the region, he said, noting that development of the bilateral relations accord with the fundamental interests of the two peoples and is conducive to the regional peace, stability and development. Wu Bangguo (R), chairman of China's National People's Congress Standing Committee, shakes hands with Speaker of the Republic of Korea (ROK) National Assembly Kim Hyong-o in Beijing, capital of China, Nov. 18, 2009 He suggested the two countries to enhance strategic mutual trust and economic and trade cooperation, and expand cultural and personnel exchanges. He also said the two legislatures should make closer contacts and develop and improve their regular exchange mechanism. Kim highly valued the measures that China taken to counter the global financial crisis, and its role in international affairs. He said the ROK attaches great importance to the relations with China, and the ROK legislature will further its relations with China's NPC. Kim is here for the visit Nov. 18-22 at the invitation of Wu.
来源:资阳报