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WASHINGTON, April 27 (Xinhua) -- Chinese Commerce Minister Chen Deming has called for stronger economic ties between China and the United States. "Economic links have always been an important basis for the China-U.S. relationship, and the growth in trade between the two countries has been robust since the establishment of normal diplomatic relations," Chen wrote in an article published in The Wall Street Journal on Monday. Currently, China and the U.S. are each other's second-largest trading partner with the volume of the two-way trade in goods exceeding 300 billion U.S. dollars. But the commercial ties between the two nations have been affected by the global financial crisis. Chinese statistics show bilateral trade dropped 6.8 percent, and U.S. investment in China slumped 19.4 percent, on a year-on-year basis in the fourth quarter of last year and the first quarter of this year, Chen wrote. He was scheduled to meet with his U.S. counterpart on Monday to discuss bilateral trade and investment measures. "History tells us that the more serious a crisis becomes, the more committed we must be to openness and cooperation," Chen wrote. "Regrettably, however, trade measures by the U.S. against China are on the rise." Recently, American industries have petitioned the U.S. government for antidumping investigations, and for investigations under the World Trade Organization's "special safeguard provision," which could restrict imports of Chinese products, he said. "This will seriously test China-U.S. economic and trade relations," he added. The Chinese commerce minister noted that the need to foster positive Sino-U.S. ties has never been greater. He also called on both sides to step up cooperation in trade and investment issues, and explore and establish new possibilities for cooperation in such areas as agriculture, new and high technology, finance, energy and the environment. "Dialogue and communication also need to be intensified concerning multilateral and regional trade and economic affairs," he said. To that end, Chen put forth four proposals: -- To seize the opportunity for cooperation, and work together to tackle the crisis; -- To mutually open markets to expand trade and investment; -- To strengthen bilateral dialogue and resolve differences properly; -- To safeguard the environment for trade and advance the Doha Round. Chen also said now it's no time for protectionism. The U.S. and China, as the largest and the third-largest trading countries in the world respectively, should take the lead in following up the consensus reached at the G20 Summit in London and refrain from formulating any new trade protection policies before the end of 2010, he wrote. "A positive, cooperative and comprehensive Sino-American relationship will surely bring new prosperity and development to both economies," he added. In his article, he also expressed hope and confidence that bilateral trade would rise to a new high and exceed 500 billion U.S. dollars in the next five years, growing in a more balanced way.
VENICE, May 25 (Xinhua) -- China's top lawmaker Wu Bangguo left here for home on Sunday afternoon after concluding his three-nation Europe tour, which helped push his country's relations and cooperation with Europe. Wu is the first chairman of the Standing Committee of the National People's Congress (NPC), top legislature of China, who has paid an official goodwill visit to Austria in 15 years and to Italy in 12 years. The Europe tour also took Wu to Russia. During the 11-day trip, Wu met with the heads of state and governments of the three European nations and held talks with their parliament leaders. Wu Bangguo (L front), chairman of the Standing Committee of the National People's Congress (NPC) of China, is greeted upon his arrival in Moscow, capital of Russia, May 13, 2009. ENHANCING PARLIAMENTARY EXCHANGES Wu's visit greatly advanced friendly exchanges and cooperation between China's legislature NPC and the parliaments of the three nations. During the visit to Russia, Wu and Chairman of the Russian State Duma Boris Gryzlov jointly attended the third session of the cooperation committee between the NPC and the lower chamber of Russian parliament, or the State Duma. Wu Bangguo, chairman of the Standing Committee of China's National People's Congress (NPC), and Russia's State Duma Chairman Boris Gryzlov attend the third meeting of the cooperation committee between NPC and the Russian State Duma in Moscow, Russia, May 14, 2009.Wu said in a meeting with Gryzlov that development of the mechanism of regular exchanges between the parliaments of China and Russia has proved the unique advantage of inter-parliamentary exchanges. He said such exchanges has not only helped enhance friendship and deepen political trust between the two peoples, but also added new vigor to bilateral links by advancing trade and economic cooperation. "Today's situation of vigorous growth in China-Russia relations should be contributed to tireless pursuit of good neighborly friendship by the two peoples and the joint effort of their parliaments," Wu said. During the visit to Italy, Wu and Italian Senate President Renato Schifani signed here an agreement on establishing a regular exchange mechanism between the NPC and the Italian Senate. The agreement is the first of its kind ever reached between the parliaments of the two countries. Wu Bangguo (L, front), chairman of the Standing Committee of the National People's Congress of China, shakes hands with Renato Schifani (R, front), the Senate speaker of Italy, after signing an agreement on bilateral exchange mechanism, in Rome, capital of Italy, May 20, 2009In a speech to international media after signing the agreement, Wu said the agreement will help establish a mechanism of regular exchanges between the parliaments of the two countries and add new vigor to the all-round strategic partnership between China and Italy. He noted that the two parliaments have carried out good cooperation, which consists an important part of bilateral relations. Schifani told reporters that he is glad to sign the strategic agreement between the two parliaments. He said Italy and China enjoy a sound relationship. During the visit to Austria, Wu met with Barbara Prammer, president of the Austrian National Council, and Harald Reisenberger, president of the Federal Council of Austria. Wu Bangguo (L front), chairman of the Standing Committee of the National People's Congress, China's top legislature, meets with Austrian National Council President Barbara Prammer (R front) in Vienna, capital of Austria, May 15, 2009Wu said during the meetings that parliamentary exchanges consist an important part of China-Austria relations. He said the close links between NPC and Austrian parliament has become a strong driving force for friendly relations between the countries. He hopes that the two sides should carry on this tradition of sound cooperation by pushing forward communications between political parties, local governments and peoples of the two countries. The two sides should promote practical cooperation in all fields so as to add new impetus to bilateral relations. Wu welcomes more and more Austrian parliamentarians, especially young parliamentarians to visit China. Reisenberger said parliament members from all parts of Austria wish to strengthen cooperation with the NPC in a bid to enhance people-to-people friendship, promote local communications and expand trade and economic cooperation. ADVANCING BILATERAL LINKS Wu's visit helped advanced relations between China and the three European nations. During the visit to Russia, Wu met with Russian President Dmitri Medvedev. Wu said the strategic partnership of cooperation between China and Russia is currently showing a momentum all-round and rapid growth, as high-level contact remains frequent. Russian President Dmitry Medvedev (R) shakes hands with Wu Bangguo, chairman of the Standing Committee of the National People's Congress (NPC) of China, in Moscow, capital of Russia, May 13, 2009Wu said the high level of China-Russia partnership is fully reflected in such areas as frequent contact between top leaders of the two countries, the staging of "Russian Language Year" in China, the signing of an oil cooperation agreement between the two governments and the exchanges between the NPC and Russian parliament. Medvedev said Wu's visit to Russia reflects the momentum of fast growth in bilateral links. Under the current environment of international financial crisis, coordination between the parliament of the two countries will be conducive to advancing bilateral cooperation. In Austria, Wu met with Austrian President Heinz Fischer and Vice Chancellor and Federal Minister of Finance Josef Proll. Wu Bangguo (L), chairman of the Standing Committee of the National People's Congress, China's top legislature, meets with Austrian President Heinz Fischer in Vienna on May 15, 2009. Wu Bangguo arrived in Vienna on May 15 for a four-day official goodwill visit to Austria. During the meetings, Wu emphasized that China places great importance on developing relations with Austria. He said China is ready to expand friendly contact between the governments, parliaments and political parties of the two countries on a basis of mutual respect, equality and mutual benefits. Wu said the two countries should enhance mutual understanding and trust so as to deepen cooperation in various fields and carry out closer coordination and communication on international affairs. Fischer appreciates the responsible stance and measure that China has taken in addressing international financial crisis. He said the financial crisis has caused great impact on every country in the world and required joint effort of all countries in addressing it. On his tour to Italy, Wu met with Italian President Giorgio Napolitano and Premier Silvio Berlusconi. Wu Bangguo (L), chairman of the Standing Committee of the National People's Congress of China, talks with Italian President Giorgio Napolitano in Rome, May 21, 2009. During the meetings, Wu said the economy of China and Italy are highly complementary to each other. He said the two sides enjoy a sound foundation of cooperation and great potential of expanding trade. Wu put forward three suggestions on expanding trade and economic cooperation between the two countries. Firstly, he said the two countries should strengthen cooperation between small- and medium-sized companies as a way to expand trade and mutual investment. He said the governments of the two countries should give a full play to their joint committees in a bid to support and facilitate cooperation between the companies. Wu Bangguo (L), chairman of the Standing Committee of the National People's Congress of China, shakes hands with Italian Premier Silvio Berlusconi in Rome, May 20, 2009.Secondly, Wu said the two countries should explore new areas of cooperation. Noting that China is working on economic restructuring and upgrading industries, Wu said the two sides share broad prospect in the development and utilization of new energy. Thirdly, Wu said the two sides should cooperate closely on staging the World Expo. Shanghai and Milan will respectively host the World Expo in 2010 and 2015. Wu expressed the belief that cooperation on this issue will become a new bright spot of China-Italy cooperation. PUSHING FORWARD PRACTICAL COOPERATION Wu's visit also helped strengthen practical cooperation in all fields between China and the three nations. During his visit to Italy, Wu met with Chinese entrepreneurs doing business in Europe. Wu said overseas Chinese companies should explore new ways to help China restructure its economy and upgrade its industries. Wu, as China's top legislator, made the remarks as he met here with Chinese entrepreneurs who invest and do business in Italy and Europe. Wu encourages the Chinese companies to expand their overseas market and explore new areas and channels of cooperation in other countries so as to make new contributions to China's cooperation with Italy and Europe. Against the background of international financial crisis, Chinese companies should enhance research and development capabilities and establish overseas marketing network through cooperation with foreign companies, Wu said. He hopes that Chinese companies should seized the opportunity of reshuffle of global industry to upgrade management and technology. He said Chinese companies should attach importance to fostering management talents with international experience. During the visit, Wu demonstrated great interest in upgrading high-tech cooperation between China and the European countries. He visited Vienna High-tech Zone on Saturday, inspecting an energy saving office building and a wind tunnel, which is believed to be the world's largest for testing locomotives and automobiles. The wind tunnel has undertaken tests and data gathering for locomotives used in city subway system in Shanghai. Wu also visited in Rome a research and development center under the Italian National Agency for New Technology, Energy and the Environment (ENEA) He inspected the high-temperature sole heat system for generating electricity at the R&D center. Wu said it is a global trend in the energy sector to develop new energy and renewable energy in a broad prospect of growth. He said the Chinese government places great importance on and actively promotes development and application of all kinds of renewable energy, including solar energy. He expressed the wish that research institutes and companies of the two countries should increase cooperation and investment in this respect so as to jointly exploit the renewable energy market. During the visit, both Wu and leaders of the three nations agreed that under the circumstances of international financial crisis, strengthening practical cooperation will not only help the countries to overcome current difficulties, but also help promote the recovery of world economy.

SHIJIAZHUANG, May 12 (Xinhua) -- The brand of Sanlu Group, the dairy company embroiled in China's tainted-milk scandal, was sold at an auction Tuesday for 7.3 million yuan (1.07 million U.S. dollars), court officials said. An unidentified individual entrepreneur from south China won the bid at an auction in the Shijiazhuang Intermediate People's Court in northern Hebei Province. No further information about the bidder was released. The auction started at 7 million yuan and drew three bids from only two bidders. The "Sanlu" brand was worth 14.9 billion yuan in 2006, according to the China Brand Asset Evaluation Center. Sanlu Group, which was based in Shijiazhuang, had been China's leading seller of milk powder for 15 years until the melamine adulteration scandal broke last September. The group's revenue hit 10 billion yuan in 2007. The company's tainted baby milk powder was found to have caused the deaths of at least six children and sickened more than 300,000others. Beijing-based dairy producer Sanyuan bought the core assets of Sanlu, which went bankrupt in February, for 616.5 million yuan at an auction on March 4. Also Tuesday, Sanlu sold 51-percent stakes in three dairy companies for 22.8 million yuan. The purchasers' identities were not immediately known. But it failed to sell 51 percent stakes in another two dairy firms and withdrew 12 patent techniques from auction. The bankruptcy trustee is to announce plans to dispose of Sanlu's last remaining assets, which include a 51-percent stake in a third dairy firm in Hebei's Baoding City
SHANGHAI, July 17 (Xinhua) -- U.S. Commerce Secretary Gary Locke said in Shanghai Friday that he expected cooperation between China and the United Stated in the fields of clean energy technology and carbon emission elimination would benefit both countries in the campaign against climate change. "I believe there is great opportunity for greater cooperation between United States and China," said Locke, a Chinese American, in his speech at a welcome ceremony jointly hosted by American Chamber of Commerce in Shanghai and the US-China Business Council. His audience included dozens of Chinese businessmen from across the country and representatives of international corporations with branches in Shanghai. "I want China and the United States to lead the world and save the planet from irreversible climate change. U.S. Commerce Secretary Gary Locke delivers a speech at a welcome reception hosted by the American Chamber of Commerce in Shanghai and the United States-China Business Council, in east China's Shanghai, July 17, 2009. "We all share the same atmosphere, and if we do not act, we will all suffer from the coastal flooding, unpredictable weather and agricultural damage," he added. Locke spoke highly of China's efforts in eliminating carbon emissions. He said that developing new clean energy could create jobs in America, help promote renewable energy and curb pollution in China. "So much of U.S. direct investment in China created win-win opportunities for both workers in America and workers in China and benefit the climate in the world and planet as well," Locke said. He later attended the cornerstone laying ceremony of the United States Pavilion at the Shanghai Expo site.
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.
来源:资阳报