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LONDON, Feb. 2 (Xinhua) -- Visiting Chinese Premier Wen Jiabao said here on Monday that China and European countries should strengthen cooperation to deal with global financial crisis. Speaking at a joint news conference after talks with his British counterpart Gordon Brown, Wen said that during his week-long "trip of confidence" to five European countries, he met with European leaders for talks on issues of common concern, especially the global financial crisis, and achieved "fruitful" results. British Prime Minister Gordon Brown (L) and visiting Chinese Premier Wen Jiabao meet the press in London, Britain, Feb. 2, 2009. Europe and China agreed that dialog and cooperation had dominated their 30-year ties, and great achievements had been made, said Wen, adding that such relationship had brought benefits to both sides, and set an example of mutual benefits and win-win outcome. Sino-European relationship enjoys a solid foundation and a bright future, Wen noted. In the face of global challenges such as the financial crisis, China and Europe should make joint efforts to promote cooperation, and make their own contributions to the world's harmony and sustainable development, said the premier. British Prime Minister Gordon Brown (L) and visiting Chinese Premier Wen Jiabao meet the press in London, Britain, Feb. 2, 2009"This financial crisis is a global one. No single country can remain immune and address this in isolation. We are sitting in the same boat and we need to work together to overcome difficulties," said Wen. The premier said that if China could maintain its economic growth, "it will be the biggest contribution to the whole world" in a time of global financial crisis. China is willing to strengthen coordination and cooperation with the international community, to work together to achieve an early recovery for world economy, and to build a fair, just, comprehensive and orderly international financial system, said Wen. Brown told reporters that Britain and China could work together and avoid a retreat to protectionism during the economic downturn. "We know from previous dow
BEIJING, Jan. 18 (Xinhua) -- The State Grid Corp. of China (SGCC), the country's biggest power supplier, said Sunday that its 2008 net profit fell almost 80 percent year on year due to natural disasters and higher power prices. Net profit was 9.66 billion yuan (1.4 billion U.S. dollars), compared with 47.1 billion yuan in 2007. Revenue rose 13.8 percent to 1.156 trillion yuan from a year earlier, the state-owned company noted. The power distributor suffered more than 22 billion yuan (3.2 billion U.S. dollars) of direct economic loss in the worst winter weather in at least 50 years in southern China and the May 12 earthquake. China raised the on-grid power price by 0.017 yuan per kwh in June and 0.02 yuan kwh in August to around 0.3 yuan per kwh on average to offset rising costs in power plants. But retail household power prices were capped amid concerns of a higher inflation. The company said it planned to invest 83 billion yuan (12 billion U.S. dollars) in ultra-high voltage (UHV) power lines in 2009 and 2010 to make long-distance transmission more efficient. China's power demand and installed power generating capacity would likely double to 7.4 trillion kwh and 1.47 billion kw respectively in 2020, it forecasted.

BEIJING, Nov. 28 (Xinhua) -- The Political Bureau of the Communist Party of China (CPC) Central Committee convened a meeting here on Friday, analyzing and studying the economic work of next year and setting out major tasks. The meeting said that this year has been eventful and the country has risen to many daunting challenges, including the global financial crisis and domestic natural disasters. The economy has maintained a stable and relatively fast growth and society has been stable, which are hard-won achievements, it said. The meeting, chaired by CPC Central Committee General Secretary Hu Jintao, warned that the worsening global financial crisis would have more impact on China's economic development, urging the country to take more precautionary measures to meet the challenges. The meeting said that next year, which marks the 60th anniversary of the founding of New China, the nation should boost domestic demand for a stable and relatively fast economic growth, accelerate the transformation of development patterns and structure adjustment for sustainable development, deepen the reform and opening-up drive and solve problems that concern the people's interests for a healthy and rapid economic and social development. Maintaining a stable and relatively fast economic development should be the foremost task for next year's economic work, it said, urging a better combination of ensuring growth, boosting domestic demand and adjusting structure. An "active" fiscal policy and "moderately loose" monetary policy should be continued, and measures including tax reduction and increasing central government investment should be taken to safeguard the people's livelihood, stimulate domestic demand and transform development patterns, it said. Consumption, rural consumption in particular, should be actively boosted and a set of major projects on livelihood, infrastructure and environment protection should be launched. The position of agriculture as the foundation of the economy should be strengthened and agriculture production be boosted, it said. The stable growth of foreign trade should also be maintained. Structural adjustment should be accelerated, including developing the high-tech industry, small and medium-sized enterprises, the service sector and coordinating regional development. More progress should be made on energy saving and emissions reduction and pollution treatment be stepped up, the meeting urged. Rural reform and financial reform should be deepened, and people's livelihood should be improved and more jobs be created, it said. The meeting also agreed in principle suggestions on judicial reform by the CPC Central Political and Legal Affairs Commission. The reform should meet the judiciary needs of the people and aim at promoting social harmony, beef up measures to tighten the restraint on and supervision over the use of power, and remove barriers that hamper justice, it said.
TAIPEI, Jan. 24 (Xinhua) -- The panda pair given by the Chinese mainland to Taiwan made their debut at the Taipei Zoo Saturday evening, meeting a select group of visitors including Taiwan leader Ma Ying-jeou and Kuomintang Honorary Chairman Lien Chan. "It's an honor for Taiwan to breed the two pandas, as there are only about 1,600 pandas in the world," said Ma, at the ceremony to inaugurate the new enclosure for the pandas. About 500 orphans and children from poor families were invited by the city government to be the first visitors to the panda pair. "It's a time for family reunions at Spring Festival, but some children have lost their families and others cannot afford to go to the zoo. That's why we invited them, and we wish them a happy new year," said the Taipei mayor Hau Lung-bin. Huang Kai-tzong, 7, one of the invited children, was much impressed by the way the two pandas ate bamboo. Kuomintang Honorary Chairman Lien Chan (R) visits pandas at the Taipei Zoo in Taipei, southeast China's Taiwan Province, Jan. 24, 2009. The panda pair given by the Chinese mainland to Taiwan made their debut at the Taipei Zoo Saturday evening, meeting a select group of visitors including Taiwan leader Ma Ying-jeou and Kuomintang Honorary Chairman Lien Chan"They are so cute and their eyes are beautiful. I like them!" Huang said. "The panda pair is a precious gift from the mainland. Taiwan is an immigrant society, and we expect the two pandas to have many children and grandchildren so that in the future pandas will become a new group in Taiwan," KMT Honorary Chairman Lien Chan said. The two pandas, named "Tuan Tuan" and "Yuan Yuan"(when linked, their names mean "reunion" in Chinese), have completed a month-long quarantine period since they arrived from Sichuan Province on Dec. 23. They will be open to the Taiwan public on January 26, the first day of the Chinese Lunar New Year. It's estimated an average of 22,000 panda visitors per day will come to the enclosure once it's opened, according to the zoo. To accommodate the crowds, the zoo will extend business hours until 18:00 p.m. during the Spring Festival holidays. The city government estimates the pandas will attract about 6 million visitors to the zoo annually, double the current number. The mainland announced in May 2005 it would donate two giant pandas to Taiwan. Their departure had been delayed for more than three years. Improved cross-Straits ties made their journey to Taiwan possible. Lunar New Year.
Visiting Chinese State Councilor Dai Bingguo (L) meets with U.S. Secretary of State Condoleezza Rice in Washington, capital of the United States, Dec. 12, 2008. WASHINGTON, Dec. 12 (Xinhua) -- Visiting Chinese State Councilor Dai Bingguo met here with U.S. Secretary of State Condoleezza Rice and National Security Advisor Stephen Hadley on Friday separately to exchange views on bilateral ties as well as international and regional issues of common concern. During the meetings, Dai recalled the great development that has been achieved in bilateral relationship since China and the United States forged diplomatic ties 30 years ago, especially the stable growth in the past eight years. Visiting Chinese State Councilor Dai Bingguo (L) meets with the United States National Security Advisor Stephen Hadley in Washington, capital of the United States, Dec. 12, 2008. Dai said that the recent years had witnessed frequent contacts and high-level exchange of visits of the two countries, especially between state leaders, as well as deepening political and economic dialogues, ever-increasing mutual understanding, growing common grounds, expanding bilateral cooperation, and more and more convergence of mutual interests. All these achievements highlight more than ever the strategic significance and global influence of a sound and stable Sino-U.S. relationship, Dai said. The state councilor said that the Chinese side was ready to work with the U.S. side to move bilateral relationship of constructive cooperation forward. For this end, he said, the two sides should continue to treat bilateral relationship from a strategic and long-term perspective, enhance dialogue, coordination and cooperation, and respect and accommodate each other's core interests and major concerns. Rice said since the establishment of diplomatic ties, relations between the United States and China had kept improving and bilateral cooperation had been increasingly deepened. The two sides have also had frequent communication and coordination in many areas such as how to cope with the ongoing global financial crisis and prevent the proliferation of weapons of mass destruction, she said, adding that the United States and China have become good cooperative partners. Rice said the Strategic Dialogue and Strategic Economic Dialogue between the United States and China should be carried on and expanded because the dialogues had increased mutual understanding and common grounds, achieved fruitful results and laid a solid foundation for the growth of bilateral friendly cooperation. Hadley said that U.S.-China relationship had witnessed great growth in recent years thanks to efforts made by state leaders of the two countries. He said the two sides should continue to strengthen cooperation in bilateral fields and on international and regional issues in a bid to move bilateral relationship further ahead. At the invitation of the U.S. government, Dai arrived in New York on Wednesday on a week-long working visit to the United States. The senior Chinese official is expected to co-chair the sixth Strategic Dialogue between the two countries with U.S. Deputy Secretary of State John Negroponte in Washington on Monday. The China-U.S. Strategic Dialogue was launched in August 2005 in accordance with the consensus of the two heads of state. The fifth dialogue was held in China in January this year.
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