GUANGZHOU, Aug. 23 (Xinhua) -- Pakistani President Asif Ali Zardari said here Sunday that Pakistan attached importance to economic cooperation with Guangdong Province. Zardari made the comment during his visit to Guangzhou, capital of south China's Guangdong Province, the second leg of his ongoing China tour. Wang Yang (2nd R), member of the Political Bureau of the Central Committee of the Communist Party of China (CPC) and secretary of the CPC Guangdong Provincial Committee, meets with visiting Pakistani President Asif Ali Zardari (2nd L) in Guangzhou, capital of south China's Guangdong Province, on Aug. 23, 2009Pakistan's investment environment is becoming better with improved infrastructural facilities, said Zardari, adding that he welcomes Guangdong's entrepreneurs to invest in Pakistan and Pakistan could serve as a gateway to the South Asian and European market. Wang Yang, member of the Political Bureau of the CPC Central Committee and Party head of Guangdong, met with Zardari on Sunday. He said, as an important country in the South Asia, Pakistan enjoys longstanding traditional friendship with China. The two countries have established all-weather friendship and Strategic Partnership of Cooperation. Pakistan has always shown understanding and support for China on major issues concerning our core interests and we highly appreciate that, said Wang. Wang Yang (R, Front), member of the Political Bureau of the Central Committee of the Communist Party of China (CPC) and secretary of the CPC Guangdong Provincial Committee, meets with visiting Pakistani President Asif Ali Zardari (L, Front) in Guangzhou, capital of south China's Guangdong Province, on Aug. 23, 2009.Wang termed Zardari's Guangdong visit as a practical trip, saying his attendance of the Pakistan-Guangdong Trade and Investment Opportunity Forum would promote cooperation between Pakistan and Guangdong in such areas of investment, trade and agriculture. This was Zardari's fourth visit to China since taking office last September.
BEIJING, Sept. 26 (Xinhua) -- Chinese farmers would see their income continue to rise this year, Vice Minister of Agriculture Chen Xiaohua said at a press conference Saturday. "As China's economy is recovering, there are more and more positive factors supporting the increase of farmers' income," said Chen. Farmers' per capita cash income in the first half of this year reached 2,733 yuan (400 U.S. dollars), up 8.1 percent year on year. But the increase rate was 2.2 percentage points slower than that in the same period last year, according to Chen. "The growth is remarkable and the statistics are pleasing. However, China is still short of a long-term mechanism for increasing farmers' income and efforts need to be made to increase the channels for farmers to earn more money," said Chen. In the past, farmers' income was mainly driven up by increased grain production or raised prices. "Now, we should push forward agricultural industrialization to let market guide grain planting and agricultural production," Chen said. Chen also stressed the importance of creating more jobs for surplus rural laborers in a bid to increase their salary income. The salary income mainly comes from the earnings from working in local or urban enterprises. The economic crisis reduced the number of Chinese migrant workers, with the current number standing around 225 million. In the second quarter this year, this number increased 2.6 percent from the first. Chen also said the government will increase fiscal support for farmers in subsidizing their purchase of seed, diesel, fertilizer and other production materials. The central government always gives priority to increasing farmers' income, he said. "Local authorities should make every effort to keep increasing farmers' income to shore up rural development and to ensure stable and rapid economic development," Chinese Vice Primer Hui Liangyu said at a rural work conference held in China's eastern city of Hangzhou from Thursday to Friday.
BEIJING, Aug. 11 (Xinhua) -- China's key July economic data adds to the optimism that the world's third largest economy is back on the track to recovery amid the global downturn, though challenges still persist. The July decline compared MORE POSITIVE CHANGES Both investment and consumption, two major engines that drive up China's growth, increased, according to statistics the National Bureau of Statistics (NBS) released Tuesday. Urban fixed-asset investment rose 32.9 percent year on year in the first seven months. Retail sales, the main measure of consumer spending, rose 15.2 percent in July, following a 15 percent growth in June. Graphics shows China's consumer price index from January of 2008 to January of 2009. The CPI was down 1.8 percent in July compared with the same month a year earlier, according to National Bureau of Statistics of China on Aug. 11, 2009Further signs of rebound in private spending supported a sustained growth recovery, Peng Wensheng, analyst at the Barclays Capital, said in an e-mailed statement to Xinhua. Although exports, another bedrock that fueled China's fast growth in the past few years, fell on a year-on-year basis last month, there were signs of improvement. China's foreign trade figures were better than they looked on the surface. July exports fell 23 percent from a year earlier, but increased 10.4 percent from June. Imports declined 14.9 percent year on year last month, but rose 8.7 percent month on month. According to the General Administration of Customs, the country's foreign trade has risen since March measured from month to month, and the trend of recovery had stabilized. Improvements in these data indicated China's economy was recovering and the government's policies to boost domestic demand and stabilize foreign trade had paid off, said Zhang Yansheng, a researcher with the National Development and Reform Commission (NDRC), the country's economic planner. Among other statistics released Tuesday, industrial output climbed 10.8 percent in July from a year earlier, quickening from 10.7 percent in June and 8.9 percent in May. Power generation, an important indicator measuring industrial activities, expanded 4.8 percent in July. Peng expected the country's economic growth to rise above 8 percent in the third quarter this year and 10 percent in the fourth quarter. POLICY STANCE UNCHANGED Despite these positive changes in China's economy, uncertainties still existed in world economic development and some domestic companies and industries faced difficulties, said Song Li, deputy chief of the Academy of Macroeconomic Research under the NDRC. As a result, the macro-economic policy orientation should remain unchanged, Song said. China's economy grew only 7.1 percent in the first half this year. This compared with double-digit annual growth during the 2003-2007 period and also the first two quarters last year. The government set an annual target of 8 percent for this year's economic growth, which was said essential for expanding employment. China unveiled a four-trillion-yuan (584.8 billion U.S. dollars) stimulus package and adopted proactive fiscal policy and moderately loose monetary policy to expand domestic demand, hoping increases in investment and consumption would make up for losses from ailing exports. To stimulate economy, lenders pumped 7.73 trillion yuan of new loans into the economy in the first seven months, the People's Bank of China, the central bank, said Tuesday. The surge in credit, however, sparked concerns over possible inflation and speculation about a shift in the country's monetary policy. Economists dispelled such concerns, saying consumer prices were still falling and the growth in new bank loans eased in July. The consumer price index (CPI), a main gauge of inflation, dipped 1.8 percent in July from a year earlier. The producer price index (PPI), which measures inflation at the wholesale level, fell 8.2 percent year on year last month. New lending in July cooled to 355.9 billion yuan, less than a quarter of the June total of more than 1.5 trillion yuan. Premier Wen Jiabao reaffirmed during the weekend that China would unwaveringly adhere to its proactive fiscal and moderate monetary policies in face of economic difficulties and challenges, like ailing exports and industrial overcapacity. Wen's stance echoed Zhu Zhixin, vice minister in charge of the NDRC, who underscored on Friday that there would be no change in China's macro-economic policy as the overseas market was still severe. He warned that any change in the macro-economic policy would disturb the recovery or rebound momentum, or even perish the previous efforts and achievements. "Efforts to keep a stable and fast economic development is the top priority of the country in the second half," he said.
BEIJING, Aug. 28 (Xinhua) -- The Communist Party of China (CPC)plans to launch the third stage of its current campaign to deepen the study and practice of the Scientific Outlook on Development, the kernel ideology of the CPC Central Committee with Hu Jintao as the general secretary. The third stage, which starts in September and ends in February2010, is designed to carry out at grassroots level, involving 1.22million Party organizations and 37.5 million Party members, accounting for 32.8 percent and 50 percent of the total numbers, respectively. These were remarked by Xi Jinping, member of the Standing Committee of the CPC Central Committee Political Bureau, at Friday's meeting here to summarize the experience of the second-stage of the CPC's educational drive and usher in the third stage. The campaign was initiated by the CPC Central Committee in September 2008, with a goal to promote the study and practice of the Scientific Outlook on Development in the whole Party. The first and second stages were conducted at higher-level Party committees. The third stage will mainly involve Party organizations of townships, communities, villages, residential blocks, secondary schools, middle and elementary schools, hospitals, private companies, and non-government organizations, according to Xi, who is also a Secretariat member of the CPC Central Committee and head of the CPC Central Committee's leading group for the campaign. He urged Party organizations at different levels to make substantial efforts to help "the massive Party members have a deeper understanding of the Scientific Outlook on Development." Third stage will be focused on resolving critical problems concerning the interests of the masses and it should be integrated with the celebration of the 60th founding anniversary of the People's Republic, Xi said.
BEIJING, Aug. 3 (Xinhua) -- China Vanke, the country's largest property developer by market value, announced Monday evening that it had made a net profit of 2.52 billion yuan (368.9 million U.S. dollars) in the first half of the year, up 22.5 percent year on year. Company revenue in the first half was 21.81 billion yuan, up 26.4 percent year on year, the developer said in its half-year report to the Shenzhen Stock Exchange. The company sold 3.488 million square meters of housing nationwide in the six months, up 31.2 percent over the same period last year in terms of total sales space. The Shenzhen-based firm attributed the sales and profit rise to the upbeat Chinese property market performance in the first half, boosted by an array of government measures to bolster the economy and stimulate domestic consumption. The Shenzhen-listed developer had edged down 0.9 percent to 13.24 yuan a share Monday before the release of the report.
URUMQI, Sept. 4 (Xinhua) -- A senior government official said Friday the situation in Urumqi, the capital city of northwest China's Xinjiang Uygur Autonomous Region, was under control after local residents had taken to the streets over two days to protest against hypodermic syringe attacks. There were no major protests in the city Friday, a day after massive protests that left five people dead Thursday, said Executive Deputy Mayor Zhang Hong. Deputy Mayor of Urumqi Zhang Hong speaks during a news conference in Urumqi, capital city of northwest China's Xinjiang Uygur Autonomous Region, Sept. 4, 2009. Zhang Hong said on Friday the situation was basically under control in the citySmall crowds gathered "in a few locations" Friday, but soon dispersed and nobody was killed, said Zhang. Syringe attacks carried out since Aug. 20 have resulted in panic and resentment from the public, the official said. Suspects were caught Wednesday when attacking members of the public. They were beaten by a angry crowd and one was seriously injured. People gather on a street in Urumqi, capital of northwest China's Xinjiang Uygur Autonomous Region, Sept. 4, 2009. Police were exerting efforts to control the situation in Urumqi on Friday. Five people have been confirmed dead and 14 others injured and hospitalized following Thursday's protests, Zhang said. Of the five dead, two had been confirmed as innocent civilians, while police are trying to identify the remaining three. He said investigations showed those carrying out the syringe attacks were from the Uygur ethnic group while the attacked included Han Chinese and other ethnic groups. Residents go around at a market on Meiqi Lane in Urumqi, capital city of northwest China's Xinjiang Uygur Autonomous Region, Sept. 4, 2009. By Thursday, local hospitals had dealt with 531 victims of hypodermic syringe stabbings, 106 of whom showed obvious signs of needle attacks. Zhang said the attacks were premeditated and organized to create terror in society. "The 'three forces' (separatism, terrorism and extremism) at home and abroad are not willing to see ethnic unity and their failure when the July 5 violence died down quickly," he said. "So they are using 'soft violence' to disrupt social order and instigate ethnic hatred." China's Public Security Minister Meng Jianzhu arrived in Urumqi Friday to direct work to defuse ongoing unrest in the city. Meng, also a State Councillor, urged local governments and Communist Party of China (CPC) committees at all levels in Xinjiang "to restore social order as soon as possible." "Maintaining stability is the central task of overriding importance in Xinjiang at the present time," he said in a meeting with local officials. Meng said the spate of syringe attacks, which were premeditated, masterminded and conducted by law-breakers and instigated by ethnic separatist forces, were a continuation of the July 5 riot in the city which left 197 people dead. He said the separatists' purpose was to undermine ethnic unity.
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BEIJING, August 5 -- Property sales across 30 cities in China fell 4 percent in July as prices soared and supplies dwindled with big cities feeling the pinch for the first time this year, analysts said. According to the UWIN property transaction system, the floor space of apartments sold in July dipped 5.37 percent over June to 1.04 million sq m. Statistics put out by the Beijing Real Estate Transaction website showed that sales of forward delivery housing in Beijing fell to 10,862 units last month, compared to 12,840 units in June. Property transactions in Guangzhou fell 36 percent over June. The figure is only half of that of May, said Guangzhou's official property website. "The fall has been triggered by high property prices and shrinking supplies in some cities," said Qin Xiaomei, head of research, Jones Lang LaSalle Beijing. "Property developers have slowed down the pace of new projects in the second half after robust sales in the first half," she said. Property prices in China's 70 major cities were up 0.8 percent in June, the fourth month-on-month growth in a row this year, according to statistics from the National Development and Reform Commission. Beijing and Shanghai reported a month-on-month growth of 0.4 and 1 percentage points respectively in June, with prices skyrocketing to record highs of 2007 in some areas, fueled by strong investment, purchase demand and higher land prices. The high prices have also made most of the prospective buyers wary of making fresh investments. Li Wei, a 29-year-old company executive in Beijing, said he would prefer to adopt a wait-and-see attitude as the high prices have made most of his preferred apartments unaffordable. "The unit price of the apartment has soared to 20,000 yuan per sq m from 14,500 yuan per sq m 40 days ago," Li said. For others like Zhang Li, a property speculator from Wenzhou, Zhejiang province, this is the time to cash in. The apartment she bought in November last year has gained 40 percent in the past six months, largely exceeding her expectations. "I am a bit uneasy with such a rapid increase in such a short period of time," said Zhang, who has property investment experience of more than a decade. "With people's income and economic fundamentals seeing no big change, I think selling the property will be a safer bet." According to Grant Ji, director of Savills (Beijing), a UK-based real estate service provider, the fall in transaction volume is still within a normal band. "July was an off-season for the housing market," said Ji. "With no big shift likely in the macroeconomic policy during the second half, property prices are unlikely see a big fall as the market is still awash with funds," Ji said.
BEIJING, Aug. 12 (Xinhua) -- China's top economic planner, the National Development and Reform Commission, unveiled Wednesday a draft regulation on monopoly prices. The regulation applies to cases of monopoly prices both inside and outside the country, when monopoly prices outside the country impact the domestic market, according to the regulation posted on the commission's Web site. Other than deals reached among more than two parties for the purpose of monopolizing prices, power abuse of government agencies to eliminate or limit competition is also regarded as violation of the regulation. Those who violate the regulation would be punished according to stipulations in the country's anti-monopoly law, according to the commission. Individual retailers or producers may face confiscation of illegal earnings and a fine of up to 10 percent of last year's sales, while industry associations are subject to a fine of no more than 500,000 yuan (73,529.4 U.S. dollars) or could be dismissed as an association. Government agencies that violate the regulation would be ordered by their superiors to correct their actions, and officials held responsible would be disciplined according to relevant laws. The commission said the regulation was aimed to prevent monopoly prices and to endorse fair competition so as to safeguard the interests of consumers and the public. The commission is soliciting public opinion for the regulation until Sept. 6
BEIJING, Aug. 20 (Xinhua) -- Serbian President Boris Tadic on Thursday pledged to promote economic and trade ties with China, welcoming Chinese investment. Serbia wanted to maintain high-level political ties with China and enhance economic exchanges and cooperation, said Tadic at a business forum held by the China Council for the Promotion of International Trade (CCPIT). Chinese President Hu Jintao (L) welcomes visiting Serbian President Boris Tadic in Beijing, capital of China, on Aug. 20, 2009Serbia has signed free trade agreements with the European Union, Russia, Belarus, Turkey and the eight countries of South Eastern Europe (SEE), giving Serbia access to a free trade market covering 800 million people, he said. "The security of foreign investments is guaranteed by the Serbian government," Tadic said. Chinese telecommunications equipment providers Huawei and ZTE were among the foreign investment successes, he said. Serbian Deputy Prime Minister Mladjan Dinkic briefed Chinese companies on Serbia's transport facilities, tax and preferential policies for companies in the information, telecommunications and electronics sectors. "Serbia has noticed the exponential growth and the export potential of Chinese high-tech companies, and especially welcomes Chinese investments from areas of telecommunication, electronic and automobile industries," Dinkic said. China-Serbia trade volume surged from 9 million U.S. dollars in 1994 to 460 million U.S. dollars last year, said Dong Songgen, vice chairman of the CCPIT. The participants at the forum were mainly Chinese industries in the energy, construction, finance, medicine, consulting, agriculture and textiles sectors. Tadic arrived in Beijing early Wednesday for a week-long state visit as a guest of President Hu Jintao. It is the first official visit by a Serbian head of state since Serbia became an independent state in 2006.
BEIJING, Oct. 1 (Xinhua) -- Clean streets replete with national flags, major road intersections adorned with ornate potted plants, Beijing is in gala attire early Thursday for the massive celebration commemorating the 60th founding anniversary of the People's Republic of China. The event will showcase how the country explores the road of building socialism with Chinese characteristic in the past decades, and what great achievements it has attained. A shower made the city clean Wednesday night and early Thursday morning after rain-inducing chemicals were fired into the sky above Beijing that was filled by smoke and vapor in the past two days. Weather cleared up as of 9:00 a.m. and sunshine seems plenty for the well-prepared air force echelons to take off. Hundreds of thousands of people are gathering on Tian'anmen Square and along Chang'an Avenue in central Beijing to experience the grandiose celebration that will boost their national pride. Many people had an early rise Thursday morning to get prepared to watch the much-anticipated military and civilian parade either alongside the parade route or on TV. Photo taken on Oct. 1, 2009 shows the general view of Tian'anmen in the early morning. China will celebrate on Oct. 1 the 60th anniversary of the founding of the People's Republic of ChinaDu Jiayuan, a sales manager at a Guangzhou-headquartered leather product company, said he was excited about the celebration as 60 years means a full cycle of the Chinese zodiac. "The 60th anniversary of the founding of the People's Republic of China is a very important moment. It is a symbol of maturity for both a person and a country," Du said. With the grandiose military parade and massive pageant drawing near, Tian'anmen Square is in full swing to embrace the extravaganza which will add an upbeat note to the anniversary. At the center of Tian'anmen Square, right next to the Monument to the People's Heroes, two gigantic digital screens are displaying the capital's scenic views and landmark buildings. They are planked with 56 columns, 13meters tall and painted in red and yellow, representing the country's 56 nationalities. William Poirier, vice president of the Nuclear Power Plants China of Westinghouse Electric Company, said he was very impressed by the 56 columns of ethnic unity and the massive digital screens on Tian'anmen Square. The columns represent a wonderful part of the Chinese culture while the screens China's good technology, he said, adding the upcoming parade would be a grand display of many aspects of China. Tens of thousands of colorfully-clad youngsters have gathered on the square to prepare for their performance slated for Thursday morning. J. C. M. Busbhman, a flower bulb expert from the Netherlands, told reporters at the scene that he was "so impressed by the amount of children" on Tian'anmen Square. He said he had never watched a military parade of such a scale and had great expectations for the upcoming one. Soldiers, armored vehicles and state-of-the-art weaponry carried on motor vehicles left suburban military camps early in the morning and are lining up at the east Chang'an boulevard, the designated rendezvous. Soldiers are singing barrack ballads while civilians gather around colorful floats opposite the soldiers are cheering to the rhythm. The youngest formation of all is composed of freshmen from the elite Tsinghua University. Most of the participants of the formation were born after the year 1990 and did not attend the previous rehearsals. Guo Xiaoyang, a teacher from the university, said they will bring about the best of modern Chinese young people during the upcoming parade. Flags on Tian'anmen Rostrum flutter in the autumn breeze. Later in the morning, Chinese top leaders, like their predecessors, will be standing on the rostrum and watch the grand show of armed forces and masses. Municipal authorities have exercised traffic control measures along the Chang'an Avenue. Entrances to affected subway stations are locked and taxis are not allowed to operate in the areas cordoned off. Opposite Wangfujing Street, a prime shopping center in downtown Beijing, a miniature of the Bird's Nest, where the Beijing 2008 Olympic Games opening and closing ceremonies were held, was constructed. Right across the street, there stood the Haibao, mascot of the World Expo 2010 Shanghai. Potted plants and flowers line up the streets while colorful posters are pasted on walls, and celebration slogans can be seen on billboards. There are also ornamental plants and plant structures in the shape of dragon, Great Wall, and all symbols of the country's pride. The grand military parade scheduled to be held at 10 a.m. Thursday will be the 14th parade since 1949, the year when the People's Republic of China was founded. The most recent massive parade was in 1999 when New China marked its 50th birthday. Military parades normally feature a display of formations of the armed forces, as well as new weapons, artillery, tanks, armored vehicles, and aircraft.