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BEIJING, Sept. 29 (Xinhua) -- The Chinese people have made unremitting efforts in the past six decades for the modernization drive and achieved great success, top political advisor Jia Qinglin said Tuesday. Jia, chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), addressed a reception for the 60th National Day, which falls on Thursday. Photo taken on Sept. 29, 2009 shows a reception for the 60th anniversary of the founding of the People's Republic of China, held by the General Office of the Chinese People's Political Consultative Conference (CPPCC) National Committee, the United Front Work Department of the Central Committee of the Communist Party of China (CPC), Taiwan Affairs Office of the State Council, Hong Kong And Macao Affairs Office of the State Council and Overseas Chinese Affairs Office of the State Council in Beijing, capital of China. Jia Qinglin, chairman of the National Committee of the CPPCC, Chinese Vice President Xi Jinping, and Chinese Vice Premier Li Keqiang attended the receptionThe reception was jointly held by the General Office of the CPPCC National Committee, the United Front Work Department of the Communist Party of China Central Committee, the Overseas Chinese Affairs Office of the State Council, the Hong Kong and Macao Affairs Office of the State Council, and the Taiwan Affairs Office of the State Council. Jia said the central government would continue to unswervingly support the development of Hong Kong and Macao special administrative regions. Photo taken on Sept. 29, 2009 shows a reception for the 60th anniversary of the founding of the People's Republic of China, held by the General Office of the Chinese People's Political Consultative Conference (CPPCC) National Committee, the United Front Work Department of the Central Committee of the Communist Party of China (CPC), Taiwan Affairs Office of the State Council, Hong Kong And Macao Affairs Office of the State Council and Overseas Chinese Affairs Office of the State Council in Beijing, capital of China. Jia Qinglin, chairman of the National Committee of the CPPCC, Chinese Vice President Xi Jinping, and Chinese Vice Premier Li Keqiang attended the reception.He said earnest efforts would be made to promote peace across the Taiwan Strait, seek welfare for Taiwan compatriots and achieve the revitalization of the Chinese nation. Vice President Xi Jinping and Vice Premier Li Keqiang, together with other senior officials and more than 4,000 people from home and abroad, attended the reception.
BEIJING, July 28 -- China expressed its hope that the U.S. government will be able to cut its budget deficit in order to prevent inflation that could jeopardize the value of China's dollar-denominated assets, as the two countries wrapped up the first of two days of high-level talks here. "We sincerely hope the U.S. fiscal deficit would be reduced, year after year," Zhu Guangyao, assistant minister of finance, told reporters after the conclusion of the first day of talks, which have been dubbed the U.S.-China Strategic and Economic Dialogue. "The Chinese government is responsible and first and foremost our responsibility is [for] the Chinese people, so of course we are concerned about the security of the Chinese [dollar] assets," Zhu said. China holds a total of more than 800 billion U.S. dollars in U.S. treasury debt, making it America's largest foreign creditor. As a result of recent American efforts to counter the financial crisis and stimulate the economy, U.S. government spending has soared, and is projected to reach 1.84 trillion U.S. dollars this year. That is more than four times the previous high. Many investors and economists fear this deficit spending will lead to inflation, as the increase in the supply of dollars drives down their value, thereby also reducing the value all dollar-denominated assets, including U.S. Treasury bonds. As a result, some investors have started to buy shorter-term bonds, which they hope will not be impacted by any longer-term inflation driven by increased government spending. U.S. Secretary of Treasury Timothy Geithner assured the Chinese delegation in his opening remark on Monday that U.S. has taken steps to overhaul its financial system, enhance regulation, and control the deficit. "We are committed to taking measures to maintain greater savings and to reducing the federal deficit to a sustainable level by 2013," he said. However, Geithner did not reveal how, specifically, the United States planned to achieve its deficit-cutting goals during the dialogue. Both American and Chinese officials, however, agreed that the economy has begun to slowly stabilize. "We have agreed that green shoots have emerged in the international economy and financial markets," said Zhu. However, the economic foundation is far from being sound, and the current situation remains severe, Zhu warned. China's economy has shown solid signs of recovery, with its GDP growth picking up to 7.1 percent in the first half of this year after dipping to as low as 6.1 percent in the first quarter. The country's retail sales growth was 15 percent in the first half of this year, the highest since 1985, according to Ministry of Finance figures. The two-day talks, which are co-chaired on the Chinese side by Vice Premier Wang Qishan and State Councilor Dai Bingguo, and the U.S. Secretary of State Hillary Rodham Clinton and Secretary of Treasury Timothy Geithner on the U.S. side, covered a wide array of issues, including the global economy, climate change and clean energy as well as regional security issues. At the opening ceremony on Monday, U.S. President Barack Obama emphasized his hope for closer cooperation between the two countries. "I believe that we are poised to make steady progress on some of the most important issues of our times," he said. "The relationship between the United States and China will shape the 21st century."
BEIJING, Oct. 17 (Xinhua) -- The Communist Party of China (CPC) and Kuomintang (KMT) both expressed wish to promote cross-Strait trust and common understanding as Ma Ying-jeou took the position as the KMT chairman on Saturday. The CPC Central Committee Saturday congratulated the Kuomintang(KMT) on the convocation of its18th congress, expecting the two parties to deepen mutual trust, increase exchanges and expand common understanding. In a reply, the KMT Central Committee said they will work with the CPC for improving trust and mutual benefits, in a bid to improve the welfare of people on both sides. At the congress, the KMT again included the "common aspirations and prospects for peace and development across the Taiwan Strait, "reached between the CPC and KMT in 2005, in its political guideline. Taiwan leader Ma Ying-jeou assumed the position of the island's ruling party chairman at Kuomintang's 18th plenary congress Saturday morning Wu Yongping, deputy director of the Institute of Taiwan Studies, Tsinghua University, told Xinhua that this gave a positive signal that the KMT pledged again to further development of cross-Strait relations , which is helpful for further dialogues between the CPC and the KMT. At the congress, Ma appointed Lien Chan and Wu Poh-hsiung as KMT honorary chairmen. They would assist Ma on cross-Strait affairs and external exchanges, according to Ma. Hu Jintao, general secretary of the CPC Central Committee, congratulated Lien Chan on continuing to be KMT honorary chairman and Wu Poh-hsiung on taking the position as honorary chairman. The two responded with commitments to peaceful development of cross-Strait relations. Lien said in a statement that since the two sides resumed systematic talks based on the 1992 Consensus, peace and stability across the Strait have been greatly enhanced and people's welfare improved. "We should work even harder to consolidate the five-point common aspirations and prospects," Lien said. Wu also noted that the two parties should work together for peace and development with "sincerity and goodwill." Zhu Weidong, deputy director fo the Institute of Taiwan Studies, Chinese Academy of Social Sciences, said, "Through the congress, we can see the KMT will not change its stance on easing cross-Strait relations, promoting exchanges with the CPC and carrying on the platform between the two parties."
BEIJING, Aug. 1 (Xinhua) -- China will implement a nation-wide investigation to find more research and development (R&D) resources to promote the country's agriculture, manufacturing, information technologies and other major industries. The investigation will provide basic scientific data for policy-making of the nation's social and economic development during the 12th Five-Year Plan period (2011-2015), the Ministry of Science and Technology said in a circular on its official website Saturday. It will also help the government monitor and evaluate the ability to make independent innovation as an effort to make China an innovation-oriented country, it said. Six ministries and commissions of the State Council, China's Cabinet, will jointly conduct and finish the investigation by the end of the year. The first such investigation was conducted in 2000. Statisticians around the nation will survey R&D-intensive enterprises and institutions in all the major industries. The survey will focus on the personnel, spending, equipment, projects and institutions for research and development. Moreover, many experts believe the investigation will help China stop wasteful spending in scientific research and promote the national sharing of resources, such as to stop squandering money in redundant purchases of laboratory equipment. China's 2008 research and development spending of the GDP was 457 billion yuan (66.9 billion U.S. dollars), an increase of 23.2 percent from 2007, accounting for 1.52 percent of the annual GDP.
XIAMEN, Sept. 9 (Xinhua) -- China remains the most attractive country for foreign capital, despite that the country's foreign direct investment declined for ten straight months, a commerce official said Wednesday. "China has been the top destination for foreign capital for 17 consecutive years," Wang Chao, assistant commerce minister, said at the World Capital Forum in Xiamen, east China's Fujian Province. A report released by the United Nations Conference on Trade and Development (UNCTAD) on July 22 showed that China stands first on the list of five most attractive destinations for foreign capital, followed by the United States, India, Brazil, and Russia. The country has received 48.3 billion U.S. dollars of foreign direct investment (FDI) from January to July this year, down 20.3 percent over the same time last year amid a global economic downturn, Wang said. Wang said the country's prospects for overseas investment remains optimistic as it would simplify examination and approval procedures toward foreign investors. It will also guide foreign investment to go to high technology industry, advanced manufacturing industry, energy saving and environment protection industries, in a bid to optimize investment structures.