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BEIJING, June 1 (Xinhua) -- China has promising growth prospects and should not be blamed for world imbalances, says Danny Quah, a renowned British economist."Emergency financing that was placed in the Chinese economy to counter the downturn from the 2008 global financial crisis was the right thing...The imbalances is a global problem, not a China problem," said Quah, a professor at the London School of Economics and Political Science.China did the right thing in infusing its economy with fiscal stimulus, Quah said in a recent interview with Xinhua.He also declined to describe the ballooning real estate prices as a bubble, pointing out "the strong fundamentals" of China's economy.He said the expansion of China's housing construction will be proved useful eventually, given the fact that "China is still engaging in the task of moving hundreds of millions of people from rural areas to urban China to continue to power its manufacturing and industrial progress.""So I would not describe it as a collapse of real estate bubble, we can look forward to a rationalization of housing and real estate prices," Quah said. "The improvement and expansion of housing stock will play an important role in continuing to move the Chinese economy forward.""I think Chinese fundamentals will continue to be strong. And a little bit of high inflation, as long as it doesn't break out into some kind of runaway high inflation, is probably no bad thing," he said. "We will get it under control again as the Chinese government did previously."On allegations that China deliberately keeps its currency RMB weak to obtain unfair advantages in trade with countries like the United States, Quah said people who draw such a false conclusion are misguided."The United States is running a trade deficit not just against China. It is running a trade deficit against almost 100 other countries," he said. "China is not unique in how it is exporting more to the United States than it's importing."The U.S. government was beginning to run a large trade deficit long before China's trade surpluses started grow, he added."If you take the ratio of China's bilateral trade surplus against the U.S. as a fraction of the U.S.' overall bilateral trade deficit against all of the countries, it has remained constant over the last 15, 20 years," Quah said.

BEIJING, April 19 (Xinhua) -- Senior Communist Party of China leader Jia Qinglin Monday met a visiting Taiwan delegation, who had attended a ceremony last week in honor of Huangdi, the Yellow Emperor, on the Chinese mainland.Huangdi, a legendary hero who lived 4,000 years ago, is considered to be the common ancestor of all Chinese people.The ceremony was held on April 16, the third day of the third month on the Chinese lunar calendar, which is considered the birthday of Huangdi, at mausoleums in Xinzheng, central Henan Province, Huangdi's birth place.Jia, a Standing Committee member of the Political Bureau of the Communist Party of China Central Committee, told the delegation that people on both sides of the Taiwan Strait were all Chinese and attending the ceremony showed they still loved the nation.Unification was always the trend of history, which could not be reversed by any force, said Jia, also chairman of the National Committee of the Chinese People's Political Consultative Conference, or the top political advisory body.He said people's concerted efforts on both sides had brought the situation across the Strait out of crisis, and achieved major breakthroughs in cross-Strait relations on the common ground that opposes "Taiwan independence" and adheres to the "1992 Consensus."Jia especially praised efforts of teachers and students of the Huangpu (Whampoa) Military Academy in fighting imperialist, warlords and Japanese invaders before the founding of New China, saying the school, which was established in 1924 and famous for its officer graduates, "greatly contributed to national unification and independence."He said the school's spirit should be continued to strengthen national identity across the Strait, promote exchanges, deepen political mutual trust and curb "Taiwan independence."

BEIJING, May 8 (Xinhua) -- Chinese President Hu Jintao, while meeting in Moscow on Saturday with Russian veterans who fought Japanese aggressor troops in Northeast China in August 1945, honored their great contributions.The honor-awarding ceremony reminds the world again that both the Chinese and Russian peoples value their friendship forged in the anti-fascist war 65 years ago.In August 1945, the Soviet Red Army marched into China's northeast provinces and joined the Chinese army in combat with the aggressors to help wrap up the eight-year Anti-Japanese War (1937-1945). Chinese President Hu Jintao (front L) meets with representatives of the Russian war veterans who helped China battle Japanese troops in the World Anti-Fascist War, in Moscow, capital of Russia, May 8, 2010According to the Russian Embassy in China, China is home to 74 memorials commemorating around 34,500 Soviet soldiers who lost their lives in the military operations 65 years ago.It has been 65 years since the end of World War II, yet history will always remember the great contributions and sacrifices made by both the Chinese and Soviet peoples.

BEIJING, April 3 (Xinhua) -- China will launch a two-month campaign to inspect work safety nationwide on April 5, according to the work safety commission of the State Council, or the Cabinet.Serious accidents took place in succession in some areas and industries recently, which shows negligence and loopholes in work safety management and serious violations to laws and regulations, said a circular issued by the commission.The inspection would focus on work safety in mines, the chemical industry, transportation and fire-works mills, among others.The campaign would include self-examination by enterprises, government inspection and public supervision.Enterprises are required to complete self-examination in April and local governments to conduct inspection in May, while the commission would dispatch supervision teams to check their work.The nationwide campaign comes days after 153 coal miners were trapped in a flooded coal mine in north China's Shanxi Province, which will be China's worst mining disaster in more than two years if the miners cannot be saved.

BEIJING, April 2 (Xinhua) -- China's chief in the fight against corruption, He Guoqiang, Friday urged authorities to tap into the people to "form a joint effort to combat corruption and build clean governance.""Fighting corruption and building clean governance is a life-and-death issue for the Party and the state, which calls for concerted efforts of the whole of society and the people," said He, head of the Communist Party of China (CPC) Central Commission for Discipline Inspection, at a meeting in Beijing.He, also a member of the Standing Committee of the CPC Central Committee Political Bureau, said the discipline inspection and supervision authorities should set up more channels to hear public opinions and recommendations on fighting corruption and building clean governance."We should create a better environment to engage the people in fighting corruption and building clean governance," he said.He also called on the authorities to be more willing to subject themselves to public supervision and to be more approachable, trustworthy and respected.