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DAR ES SALAAM, Feb. 14 (Xinhua) -- Chinese President Hu Jintao arrived in the Tanzanian capital of Dar es Salaam Saturday night for a state visit to the eastern African nation. Hu was greeted by Tanzanian President Jakaya Mrisho Kikwete and a local performance at the airport. In a statement released upon arrival, Hu said the bilateral relationship has been developing in a sound and smooth way since 45 years ago when the diplomatic ties were established. "It can be viewed as an exemplary relationship of sincerity, solidarity and cooperation between China and an African country and between two developing countries," Hu said. The president said his visit is aimed at enhancing mutual trust, expanding cooperation, planning for the future and lifting the friendly and cooperative relations to a new high. Hu said he is expecting an in-depth exchange of views with President Kikwete and other Tanzanian leaders on the bilateral relations and regional and international issues of mutual interest. During his stay here, Hu will also meet with Zanzibar President Amani Abeid Karume, attend the completion ceremony of Tanzania's state stadium, visit a cemetery for Chinese experts, and deliver a key-note speech at a welcoming meeting on Monday. Chinese President Hu Jintao (R, front) is greeted upon his arrival at the airport in Dar es Salaam, Tanzania, Feb. 14, 2009. Hu arrived here on Saturday night for a state visit to Tanzania.Tanzania is the fourth stop of Hu's five-nation tour, which was described as "a journey of friendship and cooperation." Earlier, Hu visited Saudi Arabia, Mali and Senegal. The week-long tour will also take him to Mauritius before flying back home on Tuesday. This is Hu's second African tour since the Beijing Summit of the Forum on China-Africa Cooperation in 2006 when he announced eight policy measures to promote ties with Africa, including massive tariff cuts and debt exemptions for scores of African countries, and doubling aid to Africa over a three-year period. In talks with Malian President Amadou Toumany Toure on Thursday, Hu said China would increase aid to African countries, cancel part of their debts, and expand trade with and investment in the poorest continent despite the world financial crisis. The year 2009 will witness a 200-percent increase in aid accords with African countries in value terms as compared to 2006,according to the Chinese Commerce Ministry. "In 2009, the Chinese leaders will continue to take the development of relations with Africa as a top priority of Chinese diplomacy," Chinese Foreign Minister Yang Jiechi told Xinhua last month.
BEIJING, Feb. 20 (Xinhua) -- China's lenders have been urged to be flexible and innovative concerning loan repayment from smaller firms. The China Banking Regulatory Commission (CBRC) said Friday it is trying to help small firms facing financing difficulties by extending the loan period. According to a notice sent to various lenders, banks and small firms could stipulate such terms in loan contracts which would allow the borrower to file a new request for a credit checkup before the loan is due. If no problem is found, the borrower could directly extend the loan period without starting all over again by signing a new contract. Extra conditions that come along with the extended loan period could be worked out by both sides through negotiations, the commission said. However, the commission did not define which small firms would be entitled to such favorable policies.
BEIJING, Feb. 4 (Xinhua) -- Chinese and overseas reporters are invited to cover the upcoming annual sessions of the National People's Congress (NPC) and the Chinese People's Political Consultative Conference (CPPCC). The 2nd session of the 11th National People's Congress and the 2nd session of the 11th National Committee of the CPPCC are to be convened on March 5 and March 3 in Beijing respectively, announced the general offices of the NPC Standing Committee and the CPPCC National Committee. A media center will be opened on Feb. 26 for the two meetings at the Media Center Hotel to serve the needs of journalists, the offices said. Chinese and resident foreign reporters should submit their applications for reporting passes before March 5 to the media center while foreign reporters temporarily in China for the "two sessions" should apply at Chinese embassies or visa organizations authorized by the Ministry of Foreign Affairs. The Hong Kong and Macao offices of the China Travel Services are authorized to handle applications from Taiwan reporters. Reporters from Hong Kong and Macao should apply at the central government's liaison offices in the two special administrative regions. Two websites were opened Wednesday to help domestic and overseas journalists report the "two sessions" as the country's top-level political events are drawing near.
BEIJING, April 1 (Xinhua) -- China's top political advisor Wednesday called for a more transparent and modern information system for donors to promote the integrity of charity organizations. Jia Qinglin, chairman of the National Committee of the Chinese People's Political Consultative Conference, was speaking to delegates at the 20th anniversary conference of the China Foundation for Poverty Alleviation (CFPA). Jia said the foundation should work harder to create a public service platform for donors to easily contribute while being able to track where and how their donations were used. Charity organizations should make better use of modern telecommunications and the Internet to promote transparency, so that people could be proud of their contributions, he said. Jia said charity organizations should further improve their administration and promote public credibility, by fully implementing tax break policies for donors. The CFPA has poured almost 2.4 billion yuan into poverty relief over the past 20 years, benefiting 7.18 million people.
BEIJING, Feb. 28 (Xinhua) -- The global financial crisis has not yet hit bottom and its impact is still spreading, said Chinese Premier Wen Jiabao during his first-ever online chat Saturday. He also promised that China is "ready to take firmer and stronger actions whenever necessary." The major impact of the crisis is on the country's real economy instead of its financial sector, which after more than 10 years of reform, is relatively stable and healthy and capable of withstanding the crisis, he said. Wen said China's east coastal areas were hit hard, where the economy is more export-dependent and labor intensive. The decline of international market demands also caused the unemployment of a great number of migrant workers. Chinese Premier Wen Jiabao prepares to chat with Internet surfers on two state news portals in Beijing, China, Feb. 28, 2009 China's gross domestic product (GDP) grew 9 percent year-on-year last year, the lowest since 2001, when an annual rate of 8.3 percent was recorded. To cushion the blow of the international financial crisis, Wen said China announced a package of stimulus plans covering four aspects. The first is the announcement a 4-trillion-yuan (588 billion U.S. dollars) economic stimulus and tax cuts. The second involves revitalizing ten key industries. The third is technical upgrading. The fourth is the building of a comprehensive social security network. INITIAL RESULTS, BUT TEMPORARY Wen said "the stimulus measures have shown initial effects and produced good results in certain areas and fields." For example, the country has seen consecutive growth in credit supply, with new loans standing around 440 billion yuan in November, 770 billion yuan in December and 1.63 trillion yuan in January, Wen said. He also cited figures on stronger retail sales and the rebound of power generation and use. Consumption rose 18 percent year-on-year in January, while power generation in the Feb. 11-20 period increased 15 percent year-on-year, or up 13.2 percent from the first ten days of this month, he said. "Some key indicators showed the economic situation has somewhat turned better," he said. "But those were just temporary indices and couldn't be fully compared with the past figures." Wen said one indicator he valued most was power generation. "Starting from mid February, power generation and consumption have both resumed growth," he said. "We must fully realize we are facing a long-term and arduous task," he added. "We must strengthen confidence in the face of the crisis and be ready to take firmer and stronger actions when necessary." CONCERNS ON EMPLOYMENT, INCOME GAP AND PROPERTY Wen said migrant workers had been hit the hardest during the financial crisis. About 20 million migrant workers in China had returned to the countryside from cities without jobs, said Chen Xiwen, director of the office of the central leading group on rural work, early this month. Other government officials estimated the number at 12 million. Wen acknowledged the accurate number is yet to be counted. He said migrant workers did not complain about the government and quietly returned to their hometowns, "some engaging in farming again, others still seeking jobs." "I want to take the opportunity to extend my gratitude to our migrant workers," he said, adding they had made great contributions to the nation. The government should encourage them to start their own business by offering tax stimulus and training opportunities, said Wen. He also expressed deep concerns over the employment issue of college students and jobless urban families. "Employment is not only related to one's livelihood but also one's dignity," said Wen. China's State Council, or the cabinet, issued a notice on Feb. 10 urging governments at all levels to make every possible effort to expand employment. When answering netizens' concerns over income discrepancies, Wen said narrowing the rich-poor gap could not be achieved "in a static state" and should be conducted alongside with economic development. He acknowledged that China's social and economic development does have the problem of "imbalanced, discordant and unsustainable" growth. The major problem is the imbalance between different regions, between the urban and rural areas and income imbalance, he said. Meanwhile, Wen said he still has confidence in China's economy and the development of Chinese enterprises. In a reply to complaints over the slumping stock market, he said he is confident about the capital market as its performance is decided by economic fundamentals and company profitability. The government has the responsibility to establish an open, fair and transparent market environment and resolutely fight against illegal acts such as manipulating the market, he said. Housing prices were among the most frequently asked questions raised by netizens during the chat. In response, Wen said he hopes to see a stable and healthy development of the country's real estate sector in the face of the global financial crisis. China should strengthen management and regulation to keep housing prices and the scale of property construction "at a reasonable level", said Wen. Housing prices have long been under fire in China, as consumers complain houses in large cities are too expensive to afford, giving developers unfair huge profits. Wen said the government highly values the property industry as it concerns the life of ordinary people and directly affects the national economy. The government has urged for stronger confidence in the real estate market while pledging more money and energy to meet the needs of low-income families, he said. The government fund must be used properly to ensure house construction is economical, safe and of good quality, said Wen. He also noted the construction should save land and suit people's needs. "Auditing and supervision should go along with all property projects," said Wen. "Problems must be dealt with whenever they emerge." Property prices in 70 major Chinese cities fell 0.9 percent in January from a year earlier, a faster fall than the previous month. In December, the figure saw the first year-on-year drop since the government started to release it in 2005.