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SHANGHAI, Nov. 1 (Xinhua)-- HSBC has raised its forecast of China's GDP growth this year to 8.1 percent, said HSBC Group Chairman Stephen Green here Sunday. The bank's previous forecast was 7.8 percent. While attending the annual International Business Leaders' Advisory Council (IBLAC), Green said the world financial crisis has not derailed either of the two most noteworthy and transformative trends in global finance: "the rise of China and the shift from west to east." He also expected effects of China's stimulus packages would further lift the country's GDP growth and sustain the recovery momentum into 2010. Green said Shanghai, as China's largest city, had kept a relatively stable growth during the crisis, which suggested it had the potential to become one of the world's financial centers comparable to New York or London.
BEIJING, Jan. 7 (Xinhua) -- Vice Premier Li Keqiang Thursday underscored the development of energy-saving industries and pushing for advancement in optimization of energy structure to ensure the country's energy supply and safety. Li made the remarks while visiting the China Shipbuilding Industry Corporation, one of the country's major ship manufacturers. Chinese Vice Premier Li Keqiang (front C) views a wind generating machine during his visit to China Shipbuilding Industry Corporation, one of the country's major ship manufacturers, Jan. 6, 2010. Li Keqiang Thursday underscored the development of energy-saving industries and pushing for advancement in optimization of energy structure to ensure the country's energy supply and safetyHe also stressed the importance of improving energy technology and energy equipment development, and called for efforts to step up transfer of economic development mode to maintain stable and relatively fast economic growth. Li said a country's energy safety and development depend on advanced technologies and equipment. "We should step up innovation and grab the commanding height in energy development and international competition." Li praised achievements in energy field that China has made in the past years, urging efforts to further upgrade energy consumption structure, and to develop renewable and clean energy, and establish a stable, safe and clean energy supply system. Chinese Vice Premier Li Keqiang (C) speaks at a meeting during his visit to China Shipbuilding Industry Corporation, one of the country's major ship manufacturers, Jan. 6, 2010.He also stressed the policy support to energy development and called for wide application of energy-saving technologies and products, as well as expanding energy technology consultations to foster new economic growth area. He also urged efforts to ensure energy supply to meet people's needs and production demand for coal, gas, and oil in cold weather. On Wednesday, China established the first batch of national energy development and research centers. The 16 centers will research and study technologies of nuclear power equipment, wind power, and smart grid, among others. Zhang Guobao, head of the National Administration of Energy, said these research centers play important role in establishing the country's energy technology system, and meeting China's demand to upgrade energy consumption structure.
BEIJING, Nov. 21 (Xinhua) -- China's premium income hit 936.09 billion yuan (137.1 billion U.S. dollars) in the first 10 months, according to China Insurance Regulatory Commission. The figure represented an increase of 78 billon yuan, or 9.09 percent, over that in the first nine months. During January to October period, premium of property and casualty insurance was 243.18 billion yuan, and 692.9 billion yuan, respectively. Total asset of the country's insurance sector stood at 3.83 trillion yuan by the end of October.
BEIJING, Dec. 30 (Xinhua) -- World media reports have praised China's efforts in promoting international cooperation to combat climate change and its contribution to a substantive result at the U.N. Climate Change Conference in Copenhagen. The per capita carbon emission in China is far lower than that in Western countries, the state media from different countries, including India, Pakistan, Indonesia, Central Africa Republic and Malawi, said recently. Acknowledging that China was facing a heavy task of development, they said that China's demand for due right to development was justifiable and reasonable. Alongside economic development, China has increased spending on combating climate change, greatly encouraged science and technology, and become a world leader in the use of green energy, they said. During the Copenhagen Conference, China made all efforts to communicate and negotiate with other countries. It especially brought together developing nations to jointly safeguard their common interests and made a remarkable contribution to a substantive result of the conference, they said. Meanwhile, media in small island states, including Antigua and Barbuda, Fiji and Papua New Guinea, also spoke highly of China's responsible attitude and forceful measures on tackling climate change, saying China's effort could match that of any developed countries. They said that some countries' criticism of China on the issue was groundless and irresponsible. The words were echoed by France's Le Figaro magazine, which said in an editorial that the environment issue cannot be solved without considering the people's interests and national development. Being a leader in such technologies as wind power, solar energy and carbon capture, China has also spared no efforts in developing nuclear energy, the magazine said. Le Figaro in an article titled "In Defense of China," called on the international community to learn more about China. The article said that China's development has contributed to all mankind because it lifted a great number of Chinese people out of poverty and also benefited neighboring countries and the global economy. It is groundless to say that China did nothing to improve the environment, the article said, citing China's achievements in developing solar energy and a forestation. The world should be confident in China's ability to combat climate change, it added.
ASHGABAT, Dec. 14 (Xinhua) -- Chinese President Hu Jintao's visit to Central Asia has been fruitful, Chinese Foreign Minister Yang Jiechi said Monday. Hu has reached broad consensus with leaders of Central Asian countries on strengthening political mutual trust, deepening practical cooperation, and promoting communication and coordination in multilateral organizations, Yang told reporters. CHINA-KAZAKHSTAN STRATEGIC PARTNERSHIP PROMOTED Chinese President Hu Jintao (L) meets with Kazakhstan's President Nursultan Nazarbayev in Astana Dec. 12, 2009. During his visit to Kazakhstan, the Chinese leader reached agreement with his Kazakh counterpart, Nursultan Nazarbayev, on promoting the Sino-Kazakh strategic partnership, said Yang, who was accompanying Hu during his visit. Hu made five proposals: strengthening political mutual trust, deepening cooperation in the energy sector and other sectors, enhancing financial cooperation, and expanding cultural cooperation. Hu expressed China's willingness to work with Kazakhstan and support each other on issues concerning their core interests, and push forward practical cooperation in various areas. Nazarbayev said he highly valued the important role of China's good neighborly foreign policy in promoting peace, security and development in Asia and the world. The two leaders agreed to further promote practical cooperation between China and Kazakhstan in various fields, and strengthen cooperation in important organizations and frameworks such as the Shanghai Cooperation Organization (SCO) and the Conference on Interaction and Confidence-building Measures in Asia (CICA), Yang said.