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BEIJING, March 14 (Xinhua) -- China will foster a number of globally competitive logistics companies by 2011, said a stimulus plan of the country's logistics industry released on the government website on Friday. All departments and local governments are urged to make efforts to achieve the goal, according to the plan, issued by the State Council, or the cabinet. It said local authorities should help logistics companies solve problems in their development, realize a 10-percent annual growth in their output and lower the proportion of logistics expenses in the country's GDP. The cabinet said in a notice that the country's logistics industry was affected by the unfolding global financial crisis. The stimulus plan was designated not only to promote its industrial upgrade but support development of other industries, expand consumption and increase employment. As a composite service industry, logistics, comprising transport, storage, information industries and freight agencies, is an important part of national economy, said the plan. The cabinet has rolled out support plans for ten industries including steel, auto and textile, targeting industrial growth, as well as restructuring and upgrading.
BEIJING, April 15 (Xinhua) -- China on Wednesday said it would work with Mongolia to advance the relationship between the two countries. "This would benefit the two peoples," Chinese Vice President XiJinping told visiting Mongolian Prime Minister Sanj Bayar. Hailing the 60-year diplomatic ties between China and Mongolia, Xi said the two neighboring countries enjoyed three precious experiences during the development process of bilateral relations. Chinese Vice President Xi Jinping (R) meets with Mongolian Prime Minister Sanj Bayar in Beijing, China, April 15, 2009 Firstly, Xi said to respect each other's independence, sovereignty and territorial integrity was the important base for the growth of China-Mongolia ties. Secondly, he said both sides' commitments to enhancing bilateral relations were the source of flourishing development of China-Mongolia ties. Lastly, he pointed out that both sides treated each other's development as important opportunities and made great efforts to increase cooperation. This was the driving force for the stable growth of bilateral relations. Bayar said his country valued the relations with China, and was satisfied with the bilateral ties in recent years. The Prime Minister applauded China's assistance and support to his country. The whole world was deeply impressed by China's efforts to cope with the international financial crisis, Bayar said, noting that this also strengthened Mongolia's confidence in surviving difficulties. Mongolia would increase cooperation with China to jointly respond to challenges and push forward the bilateral relations, he noted. Bayar was here on a five-day working visit starting from Tuesday, and will also attend the Bo'ao Forum for Asia annual meeting, scheduled for April 17-19.

BEIJING, April 10 (Xinhua) -- China unveiled Friday an investment guide book to help domestic firms make foreign investments. The first batch of the guide book released Friday by the Ministry of Commerce covers 20 countries, such as Pakistan, Thailand, Malaysia and Japan. The guide book includes investment laws and regulations of the 20 countries and statistics about individual countries among other useful information such as advice on problems that firms may encounter. The ministry said it would unveil more of the guide book to cover as many as 160 countries and regions by the end of June, and it would update the guideline. "It can be a good time now for Chinese firms to invest overseas," said Li Ruogu, president of the Export-Import Bank of China (China Exim), "as banks have been instructed to support overseas mergers and acquisitions of Chinese firms." He said Chinese firms should increase their investment in developing countries such as Mongolia and those in Africa, Southeast Asia and Latin America. Li said such investment could be mutually beneficial for China and investment-receiving countries. He said investment-receiving countries could expect a boost to the economy with the combination of China's capital and local resources. Large overseas investment and aid programs of Chinese firms may also boost imports from China and create more employment for Chinese labor, therefore contribute to China's economic growth as well, he added. He argued that such investment of domestic firms could be supplementary to the country's other plans to stimulate the economy. China announced a four-trillion-yuan stimulus package aimed at expanding domestic consumption after the financial crisis slashed overseas demand, in a bid to shift its heavy reliance on exports. Keen to contain the falling exports, the government had also taken various measures, including raising export rebates six times since August last year, to save the failing sector. Figures released Friday showed China's exports continued to fall in March, for the fifth month in a row, but at a slower pace. Li said encouraging domestic firms to invest overseas could be another option, when the financial crisis is yet to bottom out and it will take some time before domestic demand could take off. "It's definitely the right choice to rely more on domestic consumption for growth in a country with a 1.3 billion population, which has great market potential," he said, adding that heavy reliance would be unsustainable. The World Trade Organization has predicted a 9-percent decline in global trade this year, the sharpest drop since World War II. "But there is a long way to go before domestic consumption will be able to fuel economic growth." "The country's overall purchasing capacity is not powerful enough yet," he said. China's per capita income of urban residents stood at 15,781 yuan (2,321 U.S. dollars) in 2008, with that of the rural population at 4,761 yuan.
SYDNEY, March 22 (Xinhua) -- Li Changchun, a senior official of the Communist Party of China (CPC), praised the role of New South Wales, the most developed state in Australia, in pushing forward the development of Sino-Australian relationship here on Sunday. While meeting Australian acting Governor-General and New South Wales State governor Marie Bashir, Li, a member of the Standing Committee of the Political Bureau of the CPC Central Committee, said he was pleased to see the expansion of mutual benefits and cooperation in all fields between China and NSW following the all-round development of bilateral ties between both countries. Marie Bashir (L), Australian acting governor-general and New South Wales State governor, meets with Li Changchun, a member of the Standing Committee of the Political Bureau of the Central Committee of the Communist Party of China, in Sydney, Australia, March 22, 2009. "NSW is characterized with rich resources, developed economy, advanced science and technology and multi-culture, and is the state in the country in which Chinese companies have invested most," said Li, who is in Australia on a five-day visit. He also said that the friendly exchange, mutual benefits and cooperation are the important basis and driving force of the all-around development of the two countries and he hoped to see the further development of bilateral economic and trade cooperation, cultural exchange and people-to-people friendship which help to push forward the friendly relations of the two countries. Bashir told Li that she has visited China many times since 1974and witnessed the profound changes in China over the past 30 years. She said she always believed that the friendly cooperation in all sectors is the major factor in enhancing the peaceful development in the Asia-Pacific region. Marie Bashir (L), Australian acting governor-general and New South Wales State governor, meets with Li Changchun, a member of the Standing Committee of the Political Bureau of the Central Committee of the Communist Party of China, in Sydney, Australia, March 22, 2009.On the same day, Li also visited the Australian office of China's Huawei Technologies Co. Ltd in Sydney and encouraged the Chinese companies like Huawei which are marching towards the global market to overcome the difficulties caused by the global financial crisis, strengthen cooperation with foreign countries, expand market sales and make faster development. Li arrived in Australia on Friday. Australia is the first-leg of Li's four-nation tour which will also take him to Myanmar, the Republic of Korea and Japan.
SEOUL, April 7 (Xinhua) -- Li Changchun, a senior official of the Communist Party of China (CPC), on Tuesday called for stronger economic and trade ties between China and South Korea and urged their business communities to work together to help promote the strategic cooperation between the two nations. Li, a member of the Standing Committee of the Political Bureau of the CPC Central Committee, made the call in an address at a welcome luncheon for him hosted by four Korean business groups: the Korea Foreign Trade Association, the Korea Chamber of Commerce and Industry, the Federation of the Korean Industries, and the Korea Federation of Small and Medium Businesses. Li Changchun, member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, delivers a speech during a luncheon with chiefs of four South Korean business lobby groups in Seoul, South Korea, on April 7, 2009. Li praised the development of bilateral ties since China and South Korea established diplomatic ties 17 years ago. During the past 17 years, bilateral relations have witnessed rapid development and cooperation and exchanges expanded in a comprehensive manner, which has benefited the two countries and the region, he said. The Communist Party of China and the Chinese government attach great importance to the ties with South Korea and are willing to work with South Korea to continue strengthening and deepening the strategic cooperation, he said. Li spoke about China's stand regarding the current global financial crisis, the measures it has adopted to counter the crisis and its participation in international cooperation. The London summit of the Group of 20 yielded pragmatic results, he said. At the summit, Chinese President Hu Jintao's speech on strengthening macro-policy coordination, reforming international financial institutions and improving financial regulation, played a constructive role in the outcomes of the meeting, Li said. He said that Hu and his South Korean counterpart Lee Myung-bak, at their meeting in London, agreed to work to deepen the pragmatic cooperation in various fields between the two countries and push forward the bilateral relations. Li suggested both sides make efforts to deepen the mutually beneficial cooperation to ensure the smooth growth of bilateral trade, enhance policy coordination to promote financial cooperation, work out new ways to boost mutual investment and strengthen multilateral cooperation to improve the international trade environment. He also proposed entrepreneurs of the two countries continue to contribute to the bilateral strategic cooperative partnership, make new efforts to promote the mutual understanding and friendship between China and South Korea, facilitate the exchanges between the younger generation and promote the cultural exchanges between the two nations. South Korea is the last leg of Li's four-nation tour, which has already taken him to Australia, Myanmar and Japan.
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