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BEIJING, Feb. 22 (Xinhua) -- China's exports may grow by 8 percent in 2010 but problems still existed with getting exports back to pre-crisis levels, according to a statement posted Monday on the website of Ministry of Industry and Information Technology (MIIT), quoting minister Li Yizhong.It was unlikely for China's exports to recover to pre-crisis levels in the short-term, Li said during a Sunday meeting attended by MIIT officials, attributing the slow rebound to rising international protectionism and the fact that Chinese manufacturers relied too much on overseas markets.The 8-percent growth forecast was still far below 2008's 17.2-percent increase, according to customs data.Despite overtaking Germany as the world's largest exporter, China saw its exports contract 16 percent year-on-year in 2009 as overseas demand slumped.Exports in January this year grew 21 percent on lower comparison bases a year ago due to the global economic downturn and less working days as the Lunar New Year holiday fell in January last year, said the General Administration of Customs earlier this month.Li also stressed that China should keep the yuan stable in a speech addressing the current domestic economic situation during the meeting, as international pressure on China to strengthen the yuan was intensified.
BEIJING, March 19 (Xinhua) -- Chinese Vice Minister of Commerce Zhong Shan will pay a three-day visit to the United States from March 24 to strengthen economic and trade cooperation, said a statement posted on the official website of the Ministry of Commerce (MOC) Friday.The visit was aimed at expanding bilateral trade and promoting the healthy and stable development of the Sino-U.S. economic and trade relations, the statement said.Zhong would also negotiate with the U.S. administration over Sino-U.S. trade issues in an effort to increase mutual understanding, and defuse trade frictions, the statement said."Sino-U.S. economic and trade relations are mutually beneficial," said He Ning, director general of the Department of American and Oceanian Affairs of the MOC."China believes any economic and trade issues, including the RMB (Chinese currency) exchange rate, can be resolved through dialogue."But we should avoid politicizing economic and trade issues," He told journalists Friday in Beijing.He said commodities trade figures only mirrored flows of the products, but it could not truly reveal the beneficiaries.Chinese Premier Wen Jiabao said earlier this month that half of China's exports came from the processing trade, in which imported components were assembled at factories in China and 60 percent were made by foreign-funded companies or joint ventures with foreign partners.MOC spokesman Yao Jian said Tuesday China welcomed more U.S. high-tech exports, and was willing to promote more balanced Sino-U.S. trade. En
MOSCOW, March 19 (Xinhua) -- Chinese and Russian officials and experts have expressed optimism on further expansion of Sino-Russian ties on the eve of a visit here by Chinese Vice-President Xi Jinping.A Chinese Foreign Ministry spokesman said Thursday that Xi’s visit to Russia would further promote bilateral cooperation.Xi was invited by Russian Prime Minister Vladimir Putin to attend the inauguration of the Year of Chinese Language, and the opening ceremony of the second round of dialogue between the Chinese and Russian ruling parties, Qin Gang said."The Year of Chinese Language will promote mutual understanding and friendship between the Chinese and Russian people, which would also enhance the two countries' cultural cooperation," he said.At a press conference for the upcoming Year of Chinese Language held here on Wednesday, Li Hui, Chinese ambassador to Russia, said the language year would be conducive to nurturing language talents and deepening the bilateral relationship."I hope that, through the Year of Chinese Language, Russian people, particularly the young people, will understand Chinese society and traditional culture,” he said.China held the Year of Russian Language in 2009 and, with this year's reciprocation in Russia, is an effort to further consolidate the bilateral strategic partnership of cooperation.Li said previously the Year of Chinese Language, with its many events, would write a new page in China-Russia ties and elevate bilateral relations to a new high.In a recent interview with Xinhua, Alexander Lukin, director of the Center for East Asia and Shanghai Cooperation Organization Studies at Moscow State University for International Relations, said Russia-China ties, which have been developing smoothly, are at their best in history.The current ties between Russia and China are entirely equal and are based on practical interests, Lukin said."The two countries have almost no contradictions. Both support a multi-polar world and oppose a global structure dominated by a certain country," he said.Several leading Russian Sinologists, who attended a recent reception for the traditional Chinese lantern festival, all hailed the achievements made in Russia-China relations in recent years.Russian First Deputy Foreign Minister Andrey Denisov and Mikhail Titarenko, chairman of the Russia-China Friendship Association, said the frequent high-level exchanges in 2009, joint celebration of the 60th anniversary of the Russia-China diplomatic relations and the success of the Year of Russian Language had played a key role in deepening bilateral relations.They said Russia-China relations would maintain sound development in 2010 and a series of grand events, including the Year of Chinese Language, would further boost bilateral ties.
TAIPEI, Feb. 15 (Xinhua) -- Taiwan leader Ma Ying-jeou said Monday that the Economic Cooperation Framework Agreement (ECFA) with the mainland is aimed to help Taiwanese people to do business and boost the island's competitiveness.Ma made the remarks in Taoyuan, a northwestern county of the island, at a gathering to mark the Chinese Spring Festival, or Lunar New Year.The ECFA is a wide-ranging economic pact for further normalizing trade and investment ties across the Taiwan Strait, which Ma hopes to sign with the mainland this year to help fuel Taiwan's economic revival.Tariff reduction would promote the sales of goods from Taiwan to the mainland, which will benefit both the Taiwanese businesses and the foreign-funded businesses in Taiwan, Ma said.This will help Taiwan to introduce more foreign investment and grant the island an opportunity to become a hub of economy and trade in the Asia-Pacific region, he said.As the mainland is Taiwan's biggest trade partner, the pact will certainly do more good than harm, Ma said.Ma also attended an ancestor worship ceremony in Majiazhuang, Miaoli County on Monday and said that the ancestors of him and local residents moved from Fufengtang, northwest China's Shaanxi Province, to the island some 2,000 years ago.He also spoke optimistically of the economy situation and expected an economic growth of 4 percent in Taiwan this year.
BEIJING, Feb. 2 (Xinhua) -- The U.S.-China relationship was the most complex and important relationship in the world, U.S. Ambassador to China Jon Huntsman said on Tuesday."It is the most complex and important relationship in the world today with many facets of relationship and many points of connection between the United States and China," Huntsman told a press briefing on Tuesday.Reviewing the bilateral ties in the first year of Obama's presidency, Huntsman said, "We spent the last year in a relationship building bridges, getting to know each other, ensuring the new administration was able to frame our relationship going forward with China in ways meaningful to both countries."Looking to the new year, Huntsman said, "I would argue that we are putting the relationship to the test in a positive sense because I do believe the last many years have built a lot of solid trust, a lot of collaboration, a lot of people exchanges, enormous trade and investment.""Despite our differences, we will stay focused on the big picture between the United States and China," he said.For a trade relationship with an annual volume of 400 billion U.S.dollars, "the issue isn't that we don't have trade challenges; it is how we resolve them," Huntsman said.Huntsman said this year will see trade increases and a few more challenges between both countries."One-China policy and three joint communiques have always been part of our relationship going all the way," Huntsman said.Huntsman also defended U.S. latest plan to sell a nearly 6.4 billion-U.S.-dollar package of arms to Taiwan, which included Patriot missiles, Black Hawk helicopters and minesweepers.China expressed strong indignation and resolute opposition to the sale, announcing the suspension of bilateral military programs and security talks.