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BEIJING, April 10 (Xinhua)-- China's trade balance turned red in March with the country's first monthly trade deficit in six years, the General Administration of Customs (GAC) said Saturday.China exports were valued at 112.11 billion U.S. dollars in March, up 24.3 percent year on year, while the imports surged 66 percent to 119.35 billion U.S. dollars, resulting in a deficit of 7.24 billion U.S. dollars.The deficit was China's first since it posted a 2.26 billion deficit in April 2004, according to a report released by the GAC.China's total foreign trade rose 42.8 percent year on year to 231.46 billion U.S. dollars in March, according to Customs statistics.In the first quarter, foreign trade rose 44.1 percent to 617.85 billion U.S. dollars, with a surplus of 14.49 billion U.S. dollars though it was down 76.7 percent from the same period of last year.The country's trade surplus hit 23.7 billion U.S. dollars in February.Li Jian, a research fellow with the Research Institute under the Ministry of Commerce, said China's trade surplus had been falling since the start of the year."The deficit in March was just an extension of this trend," Li said.He said China did not purposefully pursue a trade surplus and had adopted a policy of encouraging imports and achieving a trade balance over the years.As the economy improved, any shift in people's expectations towards macro economic policies on liquidity and investment would influence importers' decisions and imported commodity prices, he said."Externally, we need to prudently monitor the world economy to avoid risk of a double-dip recession," he said. "Domestically, we need to focus on economic restructuring and transformation of economic growth pattern based on the stable growth of foreign trade."The GAC attributed the March deficit to shrinking exports of labor-intensive products, surging imports and rising commodity prices."The deficit in March is neither a recession, nor can it be sustained," the GAC said in its report, adding the deficit was small and China had maintained a "basic balance" between imports and exports.
BEIJING, April 21 (Xinhua) -- Chinese Vice Premier Hui Liangyu said Wednesday significant progress had been made in relief work in Yushu region since it was hit by a strong earthquake a week ago."Rescuers have reached all affected villages, all the injured have been cured or are being treated, all the seriously injured have been transferred for treatment outside the quake zone, and all survivors have emergency shelters," Hui said at a meeting in Beijing.The State Council, or Cabinet, meeting on quake relief started Wednesday morning with a brief silence in respect for the dead, which numbered 2,183 by Wednesday afternoon.A medical worker of the Chinese public security frontier defense troop helps Zhaxi Deleg of the Tibetan ethnic group injured in the earthquake to bandage up his leg in Gyegu Town of Yushu County, northwest China's Qinghai Province, April 20, 2010. People felt reassured and the society was stable in Yushu, Hui said at the meeting.He instructed officials to start planning reconstruction while taking into full consideration the geological, climatic and demographic characteristics of the quake zone.At a similar meeting on Monday, Hui said the government would promptly draw up and implement reconstruction plans based on scientific assessment and good planning.The 7.1-magnitude earthquake in Yushu, Qinghai Province, also left 84 people missing, and 12,135 injured.

SHANGHAI, May 6 (Xinhua) -- More than 33 million Shanghai World Expo tickets have been sold, according to the latest statistics from the Bureau of Shanghai World Expo Coordination.A total of 33.11 million tickets, including 23.96 million individual tickets and 9.15 million group tickets, had been sold as of Thursday, the statistics showed.As of 5:30 p.m. Thursday, a total of 902,300 people had visited the Shanghai World Expo Park.On Thursday, 105,600 people visited the Expo as of 5:30 p.m. but this was a sharp drop compared with more than 200,000 people on May 1, the opening day.A spokesman from the Bureau of Shanghai World Expo Coordination said even though the Expo lasts for 184 days, ticket holders should consider coming earlier as that would mean avoiding the huge crowds expected before the end of the event.
BEIJING, June 1 (Xinhua) -- Chinese President Hu Jintao on Monday encouraged children to be ambitious and pursue an all-round development while touring a museum in Beijing along with children from home and abroad ahead of the International Children's Day."You will be the driving force of the country's development in the future... You should be always ready to contribute your wisdom and strength to the building of a prosperous, democratic, civilized and harmonious modern socialist country," Hu told Young Pioneers who accompanied him at the China Science and Technology Museum.All the representatives of the sixth national congress of the Chinese Young Pioneers, the country's largest children's organization, took part in the tour with the President, as well as other children from home and abroad.Chinese President Hu Jintao joins the children and delegates to the 6th National Congress of Chinese Young Pioneers to visit China Science and Technology Museum in Beijing, May 31, 2010. Hu expressed holiday greetings to children of all ethnic groups and wished the once-every-five-year congress a complete success, which was scheduled to be held on Tuesday and Wednesday.The Young Pioneers, whose 130 million members are mainly primary and secondary school students aged between 7 to 14, constitute the majority of Chinese children."Children from home and abroad should strengthen exchanges, learn from each other and make progress together, so as to build the world in a better way in the future," Hu said.Wearing a red scarf presented by a Young Pioneer, Hu visited several exhibits about science and technology, during which he talked with children around him from time to time.The museum presented a special exhibition during the Children's Day, which falls on Tuesday, to educate children in science and amuse them with science-themed displays and interactive programs.While visiting the exhibit about safety education, Hu urged the whole society to pay high attention to children's safety and ensure children grow up in a safe environment.Li Changchun, member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, Vice President Xi Jinping and Vice Premier Li Keqiang also visited the exhibition on Monday, among other senior leaders.
NINGBO, Zhejiang, May 16 (Xinhua) -- Internet of Things (IOT) -- which refers to digital networks of physical objects -- has huge potentials but many challenges lie ahead, said scientists, entrepreneurs and government officials on Sunday.IOT has become a catchword for those at the Information and Communication Technology and Urban Development Forum held in east China's coastal Ningbo this weekend on the sidelines of the Shanghai Expo; from ministers to mayors, scientists to entrepreneurs, keynote speakers to audiences.China should accelerate the development of the IOT industry so as to create a new platform for economic growth, said Li Yizhong, Minister of Industry and Information Technology in his opening speech to the forum.The first theme forum of the Shanghai World Expo is closed in Ningbo, a coastal city of east China's Zhejiang Province, May 16, 2010. The two-day forum focusing on information and communication technologies (ICT) and urban development attracted over 600 participants including renowned scholars and entrepreneurs.Minister Li's words were echoed by Zhao Hongzhu, communist party chief of Zhejiang Province, who called for more efforts to develop such key concepts as IOT, which, in his words, "present a brilliant future for urban life."In what's called Internet of Things, networks of real-world objects are linked to the Internet and interact through web services. As more objects are embedded with sensors, giving them the ability to communicate, and networked together, the possibilities are enormous, potentially resulting in new business models, improved business processes and reduced costs and risks, according to a March 2010 report by McKinsey & Co..
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