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WASHINGTON, Oct. 6 (Xinhua) -- China's growth is projected to average 10.5 percent in 2010 and 9.6 percent in 2011, driven by domestic demand, the International Monetary Fund (IMF) said in a report Wednesday.The Washington-based international lending agency made the projection for the annual fall meetings this weekend of the 187-nation IMF and its sister lending organization, the World Bank."The slight moderation in recent activity is expected to continue through 2011 in light of tighter quantitative limits on credit growth, measures to cool off the property market and limit bank exposure to this, and the planned unwinding of fiscal stimulus in 2011," the IMF said in its report.The report said this year's sustained growth in retail sales and industrial production confirms that private sector activity has advanced beyond the lift from government stimulus."On average over 2010-11, private domestic demand is poised to contribute two-thirds of near term growth, and government activity about one third, whereas the contribution from net exports will be close to zero," the report said.Despite the robustness in domestic demand, the pickup in inflation in 2010 reflected mainly higher food prices rather than core inflation, the report said.The report said China's increasingly wide trading network is driving growth in numerous economies, especially commodity exporters.The report said Asia's medium-term growth depends on the rebalancing of drivers of growth -- greater reliance should be put on domestic markets instead of foreign demand.The report said such a rebalancing in China, the world's second largest economy, is critical to enhance the role of household consumption in domestic growth.The report also recommended that China implement reforms to health care, education, and pension systems to enhance the social safety net.
BEIJING, Sept. 26 (Xinhua) -- Russian President Dmitry Medvedev on Sunday arrived in northeast China's port city of Dalian, the first stop of his three-day China visit.This is Medvedev's second state visit to the country since he assumed presidency in May 2008.On Sunday, Medvedev will visit a memorial to the Soviet Union war dead and meet with veteran Chinese and Russian soldiers who participated in China's War of Resistance against Japanese Aggression (1937-1945).During his stay in the city, the Russian president will stop by the Dalian Institute of Foreign Languages, where he will have brief discussions with Russian language professors and students. He is also slated for a meeting with leaders of northeast China's Liaoning Province.More important meetings are scheduled for Monday when the Russian leader visits Beijing. He will hold talks with Chinese President Hu Jintao and call on other Chinese leaders, including top legislator Wu Bangguo and Premier Wen Jiabao.On Monday evening, Medvedev will travel to east China's metropolis of Shanghai, where, on the next day, he will meet with Chinese Vice President Xi Jinping and attend events marking the Russia Day at the ongoing World Expo, which runs from May 1 to Oct. 31.

BEIJING, Sept. 19 (Xinhua) -- An outraged Chinese public has been flooding the Internet with its intense displeasure and protests over Japan's illegal detention of a Chinese trawler and its crew in the past few days.Japan detained Chinese captain Zhan Qixiong and his fellow crew of 14 members on September 7 after the trawler they were abroad collided with two Japanese coast guard patrol vessels near the Diaoyu Islands in the East China Sea.The crewmembers and the boat returned to China on September 13, but Japan extended the illegal detention of Zhan by 10 days on Sunday.Since the incident, "Diaoyu Islands" and "Zhan Qixiong" have become the most searched terms in China's Internet community, the world's largest online community with more than four billion Internet users.Also, Internet bulletin boards on several major Chinese news portals have been overwhelmed with tens of thousands of messages saying that the Diaoyu Islands have always been an integral part of China and it's within the rights of Chinese fishermen to fish in the waters around the islands.Above all, these messages call for Japan to immediately and unconditionally release Zhan."The seizure of our trawler and captain causes an enormous damage to the Chinese people. I strongly demand that Japan return the seized trawler and apologize," said a netizen on Sohu.com, who goes by the name of "1996."On Sunday, China's Foreign Ministry said that China's relations with Japan were being severely damaged by Japan's decision to prolong Zhan's detention, warning that China would take "strong counter measures" if Japan did not release him."We demand the Japanese side immediately release the Chinese captain unconditionally," said Foreign Ministry spokesman Ma Zhaoxu."China will take strong counter measures if the Japanese side clings obstinately to its own course and double its mistakes, and Japan shall bear all the consequences," Ma said in a press statement.China has already suspended bilateral exchanges at and above the provincial or ministerial levels, halted contact with Japan on the issues of increasing civil flights and expanding aviation rights between the two countries, and the number of Chinese tourists to Japan has already plunged, according to the ministry.Wang Hanling, a maritime law expert with the Chinese Academy of Social Sciences, told Xinhua, "Japan's forceful so-called law enforcement in the waters off the Diaoyu Islands were in defiance of the principles of international law as well as Chinese law, which showed that Japan allowed no delay in asserting so-called 'sovereignty' in the area.""It also showed that Japanese politicians were short-sighted in considering Sino-Japanese relations," Wang added.Zhou Jincheng, a student from China Youth University for Political Sciences, said that Japan should not cling obstinately to its own course, or it would only arouse more anger from the Chinese people.At Capitan Zhan's coastal hometown of Xiaozha in southeast China's Fujian Province, his family and fellow fishermen are expecting his release.Recalling his six days and five nights under Japanese detention, Kang Chunming, a member of Zhan's crew, told Xinhua he was "very worried about the captain's safety and well-being."Kang said after Japanese authorities seized their boat, while living on the boat they had to sleep sitting up and many of them had become ill because of unclean drinking water.Besides, the Japanese took them off the boat for interrogations on a daily basis and, on some occasions, only sent them back in the small hours.Since Zhan was seized, a lot has changed in his family.His grandmother died from shock upon learning of the detention, his outgoing son, 13, has become exceptionally sensitive and silent, and his wife's call for her husband's release has grown increasingly stronger with the traditional moon festival, a time for family reunion, only two days away."It has been so many days, why don't they release him? How can his grandmother rest in peace?" Zhan's wife, Chen Tingting, told Xinhua in their simple house, which makes the portrait of Zhan's deceased grandmother more prominent.
BEIJING, Nov. 2 (Xinhua) -- Chinese companies' overseas investment rose 10.4 percent year on year in the first nine months even as global investment as a whole dropped sharply over the period, a senior Chinese official said Tuesday.Chinese companies invested 36.3 billion U.S. dollars overseas in the first three quarters, excluding investments in financial sectors, as other other companies, hit by the global downturn, reduced overseas investment, Zhang Xiaoqiang, vice chairman of the National Development and Reform Commission, China's top economic planning agency, said at the opening of the 2nd China Overseas Investment Fair in Beijing.China has emerged as a major source of foreign direct investment (FDI) outflows.Although global FDI outflows dropped 40 percent year on year in 2009, China's overseas investments rose 14.2 percent year on year to 47.8 billion U.S. dollars, said Zhang.By the end of 2009, more than 12,000 Chinese firms had set up 13,000 overseas enterprises in 170 countries and regions, he said.The National Development and Reform Commission approved the two-day Second China Overseas Investment Fair, which the China Industrial Overseas Development and Planning Association (CIODPA) and China Development Bank are co-hosting.Representatives of government, multinational companies, international organizations and financial institutions from more than 120 countries gathered at the trade fair to persuade Chinese investors to invest overseas.
SHANGHAI, Oct. 16 (Xinhua) -- A total of 1.03 million people visited the Shanghai World Exposition on Saturday, a record number since the Expo opened. The total number also exceeded an earlier record.The Expo had received some 64.62 million visitors by the end of Saturday, the 169th day since the event began on May 1. The previous record was set during the 1970 Osaka World Expo in Japan, which about 64 million people attended over a six month period.Attendance may be increasing since this is the first weekend after the week-long National Day holiday and the second to last weekend before the final seven designated days from Oct. 25-31.Since early this morning, the Expo' s public transportation system has been under great pressure as visitors have been seen throughout the Expo site.Visitors needed to queue up for more than one hour before being admitted to most pavilions. Some popular pavilions, including the Oil Pavilion and Space Home Pavilion, stopped visitors from queuing up by 4 or 5 p.m. because of the large crowds.Many visitors could only walk around, take pictures outside of pavilions, or have picnics at rest area. Further, all parades were canceled due to the large number of visitors.Zhou Qian and Dai Shishi from Hangzhou described the long queues as "horrible". But Zhou said she had been prepared for the situation as they visited seven pavilions, including the Egyptian and Spanish pavilions.A visitor surnamed Zhang and her daughter, a high school student in Shanghai, entered the site at 11 a.m. but had only visited three pavilions by 6:30 p.m."And all of them are small ones. It's not a proper time to come, but it's not easy for my daughter to be free," Zhang said.A series of measures have been taken to deal with the situation, according to the Bureau of Shanghai World Expo.When the number exceeded 700,000 visitors, organizers made announcements to visitors through the World Expo official website, TV Station, mobile televisions, and telecommunication operators.Visitors were persuaded to avoid peak times on televisions seen on subways in the morning, and in the afternoons they were advised not to continue entering the site today.
来源:资阳报