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BEIJING, June 4 (Xinhua) -- China's National Development and Reform Commission (NDRC), the top economic planner, refuted a report on Friday claiming China is facing stagflation risks, arguing the national economic growth might slow slightly but stagflation is not going to occur.The NDRC response followed the release of a domestic report that claimed rising inflation and slowing economic growth would lead to stagflation in China.The NDRC added that the report was inaccurate and likely to cause misunderstandings and confusion, according to a statement released on its website.The statement went on to say growth in China's gross domestic product (GDP) was likely to slow down this year because of a higher comparison base used in the second half of last year, but it would still be one of the world's strongest growth rates and should not be labeled as "stagflation".Further, the NDRC noted that the consumer price index (CPI), a major gauge of China's inflation, was likely to exceed the government's 3-percent growth target in several months, but "there is a foundation to achieve the full-year CPI target of 3 percent" as long as China continued improving macro-regulations, it said.The NDRC statement noted that China would see "stable and comparatively fast economic growth" and "a moderate consumer price increase" this year.China's GDP rose 11.9 percent from a year earlier during the first quarter of this year. The CPI increased 2.4 percent year on year in March while the growth for April accelerated to 2.8 percent, according to the National Bureau of Statistics (NBS).The NBS is scheduled to release May economic data, including the CPI, fixed asset investment and retail sales, on June 11.

MOSCOW, June 4 (Xinhua) -- The sixth Women's Culture Week as well as the fourth Women Forum between China and Russia kicked off here on Friday.Speaker of the Russian Federal Council, or the upper house of the parliament, Sergei Mironov extended his warm welcome to the inauguration of the event themed "Women and Economy."Calling the strategic partnership of cooperation with China one of the top priorities for Russia in its foreign affairs, Mironov said the long-time collaboration between Russian and Chinese women has made great contribution to the deepening of mutual friendship and understanding.Chen Zhili (4th L), vice chairwoman of the Standing Committee of the National People's Congress, China's top legislature, and also chairwoman of the All-China Women's Federation (ACWF), poses for photos with Svetlana Orlova (5th L), vice chairwoman of Russia's Federation Council, Li Hui (3rd R), Chinese ambassador to Russia, and delegates of the sixth China-Russia Women's Culture Week and the fourth forum between Chinese and Russian women, in Moscow, capital of Russia, June 4, 2010. The sixth China-Russia Women's Culture Week and the fourth forum between Chinese and Russian women kicked off here on Friday.At present, the Russian government and people pay more attention to gender equality and the protection of women rights, said Mironov.Vice Chairwoman of the Standing Committee of China's National People's Congress (NPC) Chen Zhili said China and Russia have conducted multi-layer, multi-sector and multi-faceted cooperation, as bilateral relations are on a fast track of comprehensive and profound development.
TASHKENT, May 3 (Xinhua) -- Chinese Finance Minister Xie Xuren made three proposals to the Asian Development Bank (ADB) for its future development here on Monday.At a business session of the 43rd annual meeting for ADB Board of Governors that kicked off Monday, Xie said the ADB should fully tap its potential as a knowledge platform in seeking ways for Asia 's future development.It should also promote collective economic expansion of Asia by deepening regional economic cooperation, said Xie.Thirdly, the ADB should raise its assistance efficiency and enhance its capacity for institution building, while making active contribution to the regional prosperity and stability, he added.All Asian members are still facing difficult tasks of retaining economic growth and adjusting economic structure, because the basis for world's recovery from the global financial crisis has not been consolidated so far, said the Chinese minister.On the sidelines of ADB's first annual meeting in Central Asia, Xie also met with Uzbek President Islam Karimov, Uzbek First Deputy Prime Minister and Finance Minister Rustam Azimov and heads of delegations including Bangladesh, New Zealand and Fiji.
LOS ANGELES, April 2 (Xinhua) -- Some U.S. experts on China suggested that the United States and China have different perceptions towards each other, but cooperation on critical global issues is essential and will necessarily involve sacrifices at home.Clayton Dube, Associate Director of U.S. China Institute at the University of Southern California, told Xinhua in a recent interview that domestic political concerns drive leaders in both countries, and neither side wants to be perceived by their fellow citizens as not standing up for core interests of their own countries.However, he said, what is vital is for leaders on both sides to convince their fellow citizens that cooperation on critical global issues is essential. Although it will involve sacrifices at home, ultimately those sacrifices will be rewarded to progress in addressing climate change, furthering economic growth and constraining the proliferation of nuclear weapons."Strong leaders know that they must sometimes yield on important measures in order to attain even more crucial aims. That must happen now and it must happen on both sides," stressed Dube."Leaders must always be sensitive to domestic pressures, but they also have a responsibility to look forward and to take action that will yield a better tomorrow, even if there are political costs today," said Dube.Stanley Rosen, Director of the East Asian Studies Center at the University of Southern California, told Xinhua that the political system, the role of media, ideology, political culture and political history between the two countries are very different, therefore it is easy for the two countries to misunderstand each other.However, in Rosen's opinion, both sides do not want the situation to get out of control."It is a two level game," he said, explaining that the U.S. leaders will deal with China, and Chinese leaders will deal with the U.S., then the U.S. leaders will deal with the U.S. and Chinese leaders will deal with China.He said the Obama Administration will have to worry about the U. S. Congress, and public opinion. His leadership has been weakened by the health care debate and he is worried about the mid-term election."There is much pressure on him to be tough on China," said Rosen.On the Chinese side, Rosen said Chinese leaders also face great pressure to be tough on the U.S. from the military, the National People's Congress, etc. "It is a nature of politics," Rosen said.From the U.S. side, Rosen said the message is Obama tries to be flexible in foreign affairs, but the flexibility has been perceived as weak towards China."His flexibility is not awarded, so he has to show his toughness towards China. The American and Chinese perceptions are different," said Rosen.For example, he said, the U.S. is tough on the currency issue and has put pressure on the Chinese side to reevaluate its currency. However, even in the U.S. there is a debate on whether the evaluation of RMB will help U.S. exports or to which degree the change of value of the Chinese currency will help increase jobs in the U.S..Rosen said the U.S. tends to be governed by elections. In his opinion, before the November election, the U.S. is unlikely to make concessions on issues on currency and others.He said what the U.S. can do is very limited right now, but he does not expect that the U.S. will take major actions to further deteriorate the U.S.-China relations. In his opinion, the Obama Administration and Democrats need to show their toughness towards China to woo voters before the mid-term election.He said most U.S. Congressional members are politicians but not statesmen. What they care about is to get re-elected every two years. Therefore, whether a small business will be closed and several dozens of employees will lose their jobs in their district is certainly a big concern for them, while whether what they have done will impact U.S.-China relations is not what they are caring about.Ben Tang, Director of Asian Studies at the Claremont Institute, told Xinhua that nationalism in both countries is on the increase and China has felt the pressure. However, he said the importance for the U.S. and China to cooperate should be carefully taken into consideration while making big decisions.Tang said that there is a trend of trade protectionism in the U. S. and some Americans attempt to let the world share the burden of its economic recession, that will set a very bad example in the world.But in Tang's opinion, the increasing trade protectionism and voices to be tough on China in the U.S. are partly fueled by the mid-term election to be held in November this year. He said such a situation won't last long. It will gradually die down after the election.
来源:资阳报