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BEIJING, Aug. 8 (Xinhua) -- China's ChangAn Auto Co., Ltd., a leading domestic auto maker, announced Saturday that its sales volume rose more than 82 percent year on year last month. The Chongqing-based company sold 107,863 units of vehicles in July, up 82.4 percent year on year, it said in a statement to the Shenzhen Stock Exchange. The company produced 118,037 units of vehicles in July, up 64.9 percent year on year. The Shenzhen-listed firm's shares had fallen 5.24 percent to 10.31 yuan a share Friday before the release of the report.
NEW DELHI, Aug. 8 (Xinhua) -- The 13th China-India Boundary Talks were held on Friday and Saturday in the Indian capital. Chinese Special Representative, State Councilor Dai Bingguo and Indian Special Representative, National Security Advisor to the Prime Minister M.K. Narayanan exchanged in-depth views about relevant issues in an atmosphere of frankness and friendliness. Chinese State Councilor Dai Bingguo (R), special representative of China in the China-India Boundary Talks, shakes hands with Indian special representative, National Security Advisor to the Prime Minister M. K. Narayanan, in New Delhi, on Aug. 7, 2009. The 13th round of China-India Boundary Talks kicked off here on Friday.Dai also met with Sonia Gandhi, Chairperson of the Indian Congress Party and Prime Minister Manmohan Singh during his visit in India. Both sides agreed to press ahead with the framework negotiations in accordance with the agreed political parameters and guiding principle so as to seek for a fair and reasonable solution acceptable to both countries. Prior to that, both sides should work together to maintain peace and tranquility in the border areas. Chinese State Councilor Dai Bingguo (L, front) meets with Indian Prime Minister Manmohan Singh in New Delhi, India, Aug. 8, 2009. Dai is Chinese special representative here attending the 13th meeting of special representatives of China and Indian on the boundary issue.During the talks, the two sides exchanged in-depth views on the further development of China-India Strategic Cooperative Partnership, as well as regional, international and global issues of mutual interest. The Chinese side pointed out that the Chinese Government and people value the strategic and cooperative partnership between China and India, the largest two developing nations with a combined population accounting for 40 percent of the world's total. Indian Congress Party President Sonia Gandhi (R) shakes hands with Chinese State Councilor Dai Bingguo in New Delhi, capital of India, Aug. 7, 2009Friendly co-existence, mutual beneficial cooperation and shared progress between the two neighbors will contribute not only to the people of the two countries but also Asia and the whole world. The Chinese side also emphasized that China and India have no other option than living in peace and developing side by side. China stands firmly committed to working with India to press ahead with the bilateral ties. The Chinese side expressed belief that both countries need to promote the relationship with a higher and strategic perspective and continue to uphold the Five Principles of Peaceful Coexistence. China and India should endeavor to build the strategic mutual trust. Both need to expand the common interests and cooperation bilaterally and on regional and global affairs. Representatives of the two sides attend the China-India Boundary Talks in New Delhi, India, on Aug. 7, 2009.Both countries should take concrete steps to enhance people-to-people and cultural interactions so as to nurture the mutual understanding and friendship between the two peoples, according to the Chinese delegation. As for the questions left over from history, China believes the two countries should work to seek for a fair and reasonable mutually acceptable solution through peaceful and friendly negotiations. Chinese representatives attend the China-India Boundary Talks in New Delhi, on Aug. 7, 2009.For the future development of the bilateral ties, the Chinese side made the following suggestions: -- The two countries need to maintain the momentum of high-level exchanges, well celebrate the 60th anniversary marking the establishment of the diplomatic relations between the two countries, especially the China Festival and India Festival in each other's country in 2010; -- Both countries should strengthen mutually beneficial cooperation in the economic field and trade, fully tap the potential for cooperation and properly handle frictions and questions thereof and stand side by side against trade protectionism so as to ensure the sustained and healthy development of bilateral economic ties. -- The two neighbors should enhance people-to-people and cultural exchanges, those between the youth, academic institutions, media and localities in particular, and deepen defense cooperation and continue the defense and security talks. -- China and India should also intensify the coordination and cooperation on major international issues, especially the global efforts in response to world financial crisis, climate change, energy and food security so as to promote evolution of international system that is in favor of developing nations. The two sides also exchange views on the situation in South and Northeast Asia.
BEIJING, Aug. 2 (Xinhua) -- China's economy would continue to recover from the world financial crisis in the latter half and expand at the rate of 8.5 percent for the whole year, said a report from the Bank of Communications on Sunday. The country's economic development was expected to accelerate the pace and expand at 9 percent in the third quarter and 9.8 percent in the fourth quarter, according to the report. The report indicated that the country would achieve the set goal of 8 percent economic growth for the full year,contributed by a robust domestic investment and consumption. In the latter half, investment would represent fast increase, boosted by development from infrastructure construction, real estate, and the industrial sector, said the report. China saw its economy growth slowed down amid the world financial crisis. Its gross domestic product grew 7.9 percent in the second quarter after sinking to 6.1 percent in the first three months.
BEIJING, Aug. 28 (Xinhua) -- The Communist Party of China (CPC)plans to launch the third stage of its current campaign to deepen the study and practice of the Scientific Outlook on Development, the kernel ideology of the CPC Central Committee with Hu Jintao as the general secretary. The third stage, which starts in September and ends in February2010, is designed to carry out at grassroots level, involving 1.22million Party organizations and 37.5 million Party members, accounting for 32.8 percent and 50 percent of the total numbers, respectively. These were remarked by Xi Jinping, member of the Standing Committee of the CPC Central Committee Political Bureau, at Friday's meeting here to summarize the experience of the second-stage of the CPC's educational drive and usher in the third stage. The campaign was initiated by the CPC Central Committee in September 2008, with a goal to promote the study and practice of the Scientific Outlook on Development in the whole Party. The first and second stages were conducted at higher-level Party committees. The third stage will mainly involve Party organizations of townships, communities, villages, residential blocks, secondary schools, middle and elementary schools, hospitals, private companies, and non-government organizations, according to Xi, who is also a Secretariat member of the CPC Central Committee and head of the CPC Central Committee's leading group for the campaign. He urged Party organizations at different levels to make substantial efforts to help "the massive Party members have a deeper understanding of the Scientific Outlook on Development." Third stage will be focused on resolving critical problems concerning the interests of the masses and it should be integrated with the celebration of the 60th founding anniversary of the People's Republic, Xi said.
LONDON, Sept. 5 (Xinhua) -- Britain hopes to further expand cooperation with China in economic, financial and trade sectors, Business Secretary Lord Mandelson said Saturday. In a written interview with Xinhua on the eve of his visit to China, Mandelson, also the First Secretary of State, said economic and political relations between Britain and China are very strong. The High-Level Economic & Financial Dialogue would lead to collaboration in areas such as the development of financial services, the protection of intellectual property rights, and the establishment of a comprehensive social security system in China, Mandelson said. During Mandelson's visit, which begins Monday, he will give a speech at a low carbon business solution event in Beijing attended by about 250 British and Chinese companies. He will also sign a "Sustainable City" memorandum of understanding with Changsha, the capital of south central China's Hunan province. "The UK is keen to share its low carbon technology," Mandelson said, noting that Britain would like to export even more high-tech goods to China. Mandelson said the UK, by far, is the largest European investor in China and transfers much of its technology to the country through wholly owned subsidiaries and joint ventures. The business secretary expressed hope that China would improve its regulations to facilitate British companies' participation in its hi-tech sectors. China, Mandelson said, has taken every measure possible to mitigate the impact of the global financial crisis, which also has contributed to the recovery of the world economy. He called China's huge stimulus package "a very impressive commitment to rebuilding its economy and the welcome effects are already being felt." China has contributed to the rebalancing of the world economy by re-orienting its own growth model to stimulate domestic consumption, the business secretary said. Meanwhile, Mandelson also expected China to play a bigger part in pushing forward multilateral trade talks "I hope China will play an important role in achieving a conclusion to the Doha Development Round and I hope that the global recession has provided a sense of renewed urgency for this agreement", he said. As the former EU Trade Commissioner, Mandelson has never shied from voicing his objections to protectionism. Imposing tariffs on imports, he said, creates distortions in the global economy, which result in poverty and inequality. Trade is essential to the prosperity of the world economy and remains one of the main avenues open to increase productivity and growth, he said. "I hope that UK and China's joint efforts to foster closer trade and investment links in China's rapidly developing regional business centers will stimulate and serve to support new business partnerships," the business secretary said. Mandelson said China's process of gradually opening its capital market would deepen the capital and expertise available to Chinese companies as they increasingly look to expand overseas. "We are equally keen to work with the Chinese authorities and markets to enable foreign firms to list on its exchanges," he said. "We are very supportive of the State Council's desire for Shanghai to develop into a truly international financial center over the next 10 to 15 years and believe that an important step to building this profile will be the continued growth and diversification of China's capital markets." Mandelson also emphasized that there are many benefits from an internationalized Chinese yuan, which would promote greater stability in global foreign exchange markets. "A more widely traded Chinese currency will help Chinese companies win business in overseas markets," he said, "And a more market-oriented exchange rate will help China re-orient its economy towards domestic consumption, which would be in China's own interests." When it comes to the climate change issue, Mandelson noted that China is making strong efforts to reduce the growth of its greenhouse gas emissions. He pointed out that China currently aims to reduce consumption of energy per unit of GDP by 20 percent between 2005 and 2010. "Tackling climate change is a win-win business opportunity for both the UK and China," he said. Mandelson also called for international cooperation to deal with the world's other thorny issues. The global downturn has powerfully illustrated how important it is to have constructive engagement at the international level, he said. "We need international solutions to financial regulation, to tackling pollution and in fighting proliferation and terrorism. These are global challenges that require a global response," Mandelson said.