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BEIJING, June 22 (Xinhua) -- China's top political advisor called Monday for more resources and support for alternative fuel vehicles to boost the car industry and spur the economy. Jia Qinglin, chairman of the National Committee of the Chinese People's Political Consultative Conference, a political advisory body, made the call during a visit to Beijing-based FOTON, Asia's largest commercial vehicle manufacturer. Jia Qinglin (C), chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), who is also a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, talks with a worker about new energy automobiles, in Beijing, China, June 22, 2009. Jia Qinglin did researches on new energy automobiles in Beijing on Monday. "Alternative fuel vehicles represent the future of the car industry," he said. Such vehicles would improve the environment, reduce the impact of the financial crisis and trigger new technologies, he said during a research tour. Jia, who is also a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, urged using innovation as a priority to develop the industry, and improve research and development abilities. He also called for more "backbone companies" with their own property rights, brands and market competitiveness. Automakers "need to improve production abilities and services. They also need to develop more products and functions to meet market demand," he said.
BEIJING, July 5 (Xinhua) -- The Bank of China (BOC), China's largest foreign exchange bank, will transact the first cross-border yuan trade settlement deal Monday, a source with the bank said Sunday night. The BOC Shanghai branch would receive the first cross-border yuan trade settlement deal from the BOC (Hong Kong) Monday, the unidentified source said. The payee would be Shanghai Electric International Economic and Trading Co., Ltd. under Shanghai Electric Group Co., Ltd. and the remitter would be the company's business partner in Hong Kong. China last week issued detailed measures to regulate the pilot program for cross-border trade settled in yuan. The rules specified how to make transactions using Renminbi (RMB) to settle trade with Hong Kong and Macao and regional trade partners. "The service has drawn much attention and many overseas enterprises had been asking us about it months ago. Why? Because cross-border yuan trade settlement could help enterprises avoid exchange rates risks, lock up financial costs and reckon enterprise anticipated profits," the source said. "In comparison to convertible currency settlement, it could streamline links and reduce trade cost. It could help enterprises without foreign exchange revenues cut losses from converting foreign exchanges. It could reduce derivative fees in selecting RMB financial products," said the source. The BOC Shanghai branch has reached tentative agreements with 11 overseas agent banks on yuan trade settlement deals. Now the agent banks in tentative agreements with the BOC mostly are large banks in Asia and they anticipate remarkable demand on yuan settlement, according to the sources. "We are in talks with banks in the United States and Europe and get very positive feedbacks. Despite some obstacles in cross-border yuan settlement, the trend is good," the source said.

HEFEI, July 7 (Xinhua) -- Senior Chinese leader Wu Bangguo urges here Tuesday the role of low-carbon economy in the development of east China's Anhui Province. "As the world is focusing on low-carbon economy, we should seize the opportunity by promoting solar, wind and other reproducible energies, providing endless power for the sustainable development of the country's economy," said Wu, a member of the Standing Committee of the Communist Party of China Central Committee Political Bureau, during a visit to Anhui between July 2 and 7. Wu Bangguo (C), a member of the Standing Committee of the Communist Party of China Central Committee Political Bureau and chairman of the Standing Committee of the National People's Congress, visits a plant of Anhui's Conch Group in east China's Anhui Province, July 3, 2009. Wu Bangguo paid a visit to Anhui between July 2 and 7.Wu praised Anhui's Conch Group for growing from a small cement factory to one of the country's largest construction material companies. "The company has been promoting environmental protection by reducing the consumption of coal and the emission of carbon dioxide, which, in return, brought more profitable opportunities for the company," he said. In 2007, Conch began to cooperate with foreign groups in making energy-saving equipment. As of the end of May 2009, Hailuo had sold 96 energy-saving power generators to 20 domestic and foreign cement companies. Wu Bangguo (2nd R), a member of the Standing Committee of the Communist Party of China Central Committee Political Bureau and chairman of the Standing Committee of the National People's Congress, visits the research department of Chery Automobile Co., Ltd. in east China's Anhui Province, July 3, 2009. Wu Bangguo paid a visit to Anhui between July 2 and 7.Wu, also chairman of the Standing Committee of the National People's Congress (NPC), or top legislature, also visited the country's leading automobile maker Chery, headquartered in Anhui'scity of Wuhu. According to sources with Chery, the company is shifting its focus from oil-fueled cars to electric and hybrid-energy vehicles. Under the policy of expanding domestic demand, Chery's sales from January to May achieved a year-on-year rise of 60 percent. "The global financial crisis has brought both challenges and opportunities. While ensuring the steady and rapid economic development, we should also see clearly ahead and change the pressures from the market into momentum." Wu especially stressed the development of the north region of Anhui. Six cities of Fuyang, Bozhou, Huaibei, Huainan, Suzhou and Bengbu are in the north of Anhui. With 46 percent of the province's population, these cities only accounted for 20.4 percent of the province's financial income in 2008. "The north region of Anhui is the country's important food-producing area and coal energy base. Its development considerably affects Anhui's overall situation," Wu added.
BEIJING, July 13 (Xinhua) -- China's top political advisor Jia Qinglin on Monday asked members of the National Committee of the Chinese People's Political Consultative Conference to contribute new ideas for the country's sustainable development. "Speeding up the shift of development mode and structure adjustment is in line with the promotion of the country's innovation capacity. It will also benefit the country's competitive power in economy and the strength to cope with risks," Jia said. Jia Qinglin (C), chairman of the National Committee of the Chinese People's Political Consultative Conference, addresses a consultative conference on sustainable development in Beijing, capital of China, on July 13, 2009 Jia, chairman of the National Committee of the Chinese People's Political Consultative Conference, made the remarks during a consultative meeting held here on sustainable development. Jia urged political consultative organizations at all levels and their members to adjust their work in line with the central government's decisions and policies.
BEIJING, June 28 (Xinhua) -- Chinese President Hu Jintao has called for more confidence in the country's stable economic growth and gaining more strength to better people's livelihood. He made the calls during an inspection tour in northeastern China's Heilongjiang Province from June 26 to 28, one of the country's old industrial bases and important granaries. Hu encouraged people in Heilongjiang to seize the opportunity as China moved to revitalize its old industrial bases, to overcome the difficulties and maintain a steady economic growth and ensure people's livelihood. Chinese President Hu Jintao (C) talks with residents at Dongsheng Village in Wuliming Town of Zhaodong City, northeast China's Heilongjiang Province. President Hu Jintao made an inspection tour in Heilongjiang Province on June 26-28, 2009. During his three-day inspection tour, Hu visited Harbin Measuring and Cutting Tool Group and Harbin Aircraft Industry Group, two of the province's major industrial enterprises, and pointed out that independent innovations are key to high competitiveness and further development. "Crisis creates opportunities, and we shall put more efforts in technological upgrading, and build up technology reserves for the future," he said. Hu also visited rural areas and inspected crop growth. He encouraged farmers to increase grain production and boost agricultural modernization, so as to ensure the country's grain security. More supportive policies for farmers are on the way, he said, hoping that farmers could increase their incomes with improved policies and technologies. Hu also visited an oil field, a military camp, a school for intellectually challenged children, a human resources market, and a residential community which houses people who formerly lived in shanties.
来源:资阳报