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BEIJING, Nov. 29 (Xinhua) -- Chinese President Hu Jintao warned on Saturday that the global financial turmoil will make it harder for China to maintain the pace of its economic development in the near future.     China is under growing tension from its large population, limited resources and environment problems, and needs faster reform of its economic growth pattern to achieve sustainable development, said Hu when addressing members of the Political Bureau of the Communist Party of China (CPC) Central Committee.     The nation should maintain a stable and relatively fast economic growth, accelerate structural readjustment for sustainable development, and stick to reform and opening up, said Hu, also general secretary of the CPC Central Committee.     Efforts should be made to solve problems that concern the people's fundamental interests, in order to achieve healthy and rapid economic and social development and improve people's living, the CPC chief said.     Hu also underlined the importance of efficient resource utilization and environmental protection in China's industrialization and modernization strategy, and asked for the overall development in both rural and urban areas.     The nation should not only seek fast and sound economic growth, but also promote the comprehensive development of society and its people, said Hu.     He also noted that with the spread of the global financial crisis, China is losing its competitive edge in the world market as international demand is reduced.     International competition is fiercer than ever and protectionism has started to increase in investment and trade, said Hu.     In October, China's export growth slowed to 19.2 percent from 21.5 percent in September.

Chinese Premier Wen Jiabao waves to the construction workers during his visit to a water dam construction site in southwest China's Chongqing Municipality Dec. 21, 2008. During his trip, Wen visited a number of local factories, communities, villages and worksites.     CHONGQING, Dec. 22 (Xinhua) -- Premier Wen Jiabao has called it a prime job to maintain a stable and relatively fast economic development and take more direct, powerful and effective measures to implement central policies on increasing domestic demands and promoting economic growth in a substantial way.     "Next year, it is the important target to stop the declining trend of economic growth and it is a must to focus on increasing domestic demands so as to promote economic growth," said the premier during an inspection tour in southwest China's Chongqing Municipality from Dec. 21 to 22. Chinese Premier Wen Jiabao waves to college students of Chongqing University in southwest China's Chongqing Municipality Dec. 22, 2008. During his trip, Wen visited a number of local factories, communities, villages and worksites.    During his trip, Wen visited a number of local factories, communities, villages and worksites, with the company of Chongqing Communist Party chief Bo Xilai and Mayor Wang Hongju.     In his talks with local people, Wen discussed ways to get over the current financial difficulties and speed up reform and development in Chongqing. Chinese Premier Wen Jiabao holds a talk with locals in a village of southwest China's Chongqing Municipality Dec. 21, 2008    In a visit to the reservoir worksite, Wen was told that Chongqing plans to invest 40 billion yuan (5.88 billion U.S. dollars) in water conservation projects in the coming five years as part of its efforts to increase domestic demand and improve the quality of life. "We must make a good use of every coin of the people," he said.     At a workshop of the Chang'an Group, the premier showed great concerns over the negative impacts of the global financial crisis on the city's automobile industry. Chinese Premier Wen Jiabao sits in a car produced by the Chang'an Group in southwest China's Chongqing Municipality Dec. 21, 2008    The company's car sales have been declining since November. It is expected to further decrease in December and the first quarter of next year, said the company's president Xu Liuping. "We must brave the difficulties by ourselves, but we also need government support," Xu said.     Wen said that difficulties in the country's automobile industry are temporary as it a promising industry, because "China has a huge market." Chinese Premier Wen Jiabao visits a factory in southwest China's Chongqing Municipality Dec. 21, 2008.     Wen urged the company to depend on innovation and reform while improving quality and decreasing the cost. "Company leaders must be bold to shoulder responsibilities and the staff should unite as one, to get over the difficulties together," he said.     On Monday morning, the premier paid a visit to a communal social security center to learn about the life of low-income families. "The more financially challenged we are, the greater attention we should pay to those in need," he stressed.     At the home of 76-year-old Ren Guoqing, the premier said the government has decided to continue increasing the pension of retirees, as well as the subsidiaries for low-income families and other families who receive government subsidies.     During his tour in the city, Wen paid an unplanned visit to Chongqing University, where he met thousands of students and encouraged them to be confident in the difficult times.

NEW YORK, Jan. 5 (Xinhua) -- The New York Stock Exchange (NYSE)on Monday kicked off its trading session with a special ceremony marking the 30th anniversary of the establishment of diplomatic relations between China and the United States.     In a symbolic move, Stephen A. Orlins, president of the U.S. National Committee on U.S.-China Relations (NCUSCR), rang the market's Opening Bell. He was accompanied by Dr. Henry Kissinger, a key trailblazer and eyewitness for the normalization of U.S.- China relations.     The two countries formally established their diplomatic ties on Jan. 1, 1979.     Zhang Yesui, China's UN permanent representative, said the bilateral relations of China and United States is of great importance, not only to the two peoples, but also to the world peace and security, and the global economic development.     Dr. Kissinger, who visited China in 1971, said he is optimistic about the future of the bilateral relations of China and United States. "It is now a pillar of the international order. And peace and prosperity of the world depend closely on the Sino-U.S. relations," he said.     Talking on areas of further co-operation between the two countries, Dr. Kissinger said first of all China and United States should develop a common solution on how to overcome the current international financial and economic crisis, and develop a program of collaboration to tackle the issue.     And "on the key problems that exist in the world -- proliferation, energy, climate change, environment -- China and United States can be a key to a solution of these problems," he said, "So the strategic dialogues between China and United States should not only continue, but be reinforced and strengthened."     NCUSCR President Orlins called the NYSE celebrating ceremony "a real testimony, not only to the historical events, but also to how far we have come."     "When we established diplomatic relations exactly 30 years ago on January 1st, we could not have imagined that we would have Chinese companies listed on the NYSE, whose market capital is in excess of 800 billion U.S. dollars," Orlins said, "It is just remarkable."     Currently, there are 41 companies from Chinese mainland listed with NYSE, the premier U.S. listing venue for non-U.S. companies.     Duncan L. Niederauer, CEO of NYSE Euronext, told Xinhua that he has taken the relations with China as one of his most important initiatives during his years as chief executive. He also suggestedthe Chinese companies to "stay the course" and stick to the good business when dealing with the global financial crisis and economic downturn.     "There is always years like this in global markets where it is a very very tough ride. I think there are a lot of terrific companies in China. They either already listed or are in the queueto be listed, and we're gonna continue to support them through the ups and downs," Niederauer said, "I believe their fortunes will improve overtime and we just need a long-term outlook of it."     NYSE was the first foreign exchange to receive approval to open a representative office in China. After the opening of its Beijing office on Dec. 11, 2007, NYSE has signed memorandums of understanding with China's Dalian Commodity Exchange and Zhengzhou Commodity Exchange in co-operations in the futures and options markets.     Among the guests to the Monday ceremony were Peng Keyu, Chinese consul-general in New York, and Jan Berris, vice president of the NCUSCR. 

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BRUSSELS, Jan. 29 (Xinhua) -- Chinese Premier Wen Jiabao arrived in Brussels on Thursday evening for an official visit to the European Union (EU) headquarters.     The premier was welcomed at the Brussels international airport by European Commission officials, Belgian Foreign Ministry officials, officials of the Chinese mission to the EU and the Chinese embassy in Belgium, as well as Chinese students studying in Belgium.     In a written statement distributed to the press upon his arrival, Wen said the world is undergoing profound changes with a volatile international situation, more regional conflicts and a spreading financial crisis.     In this context, to enhance dialogue, promote consultations and deepen cooperation is in the interests of both China and the EU, and in line with the trend of the times, which is for peace, stability and development, he said.     Wen said he is looking forward to having frank and in-depth exchange of views with EU leaders on China-EU relations, on how to jointly deal with the global financial crisis, and on other international and regional issues of common concern.     "I hope and believe that this visit, as an important trip of confidence, will enhance the confidence of China and the EU in their future relations and in practical and mutually beneficial cooperation. I also hope and believe that this visit will enhance the confidence of the international community in the all-round strategic partnership between China and the EU," he said.     During his two-day visit in Brussels, Wen is scheduled to hold talks with European Commission President Jose Manuel Barroso. He will also meet EU foreign and security policy chief Javier Solana.     Brussels is the third leg of Wen's European tour after Switzerland, where he attended the annual meeting of the World Economic Forum in Davos, and Germany. The trip will also take him to Spain and Britain.

Chinese Vice Premier Wang Qishan (front R) shakes hands with U.S. Treasury Secretary Henry Paulson at a signing ceremony on energy and environmental protection cooperation during the fifth China-U.S. Strategic Economic Dialogue in Beijing, China, Dec. 4, 2008.    BEIJING, Dec. 4 (Xinhua) -- A senior Chinese official said here on Thursday that China and the United States have reached consensus in five major areas to step up energy and environmental protection cooperation during the on-going fifth round of the Strategic Economic Dialogue (SED).     Zhang Xiaoqiang, vice minister in charge of the National Development and Reform Commission (NDRC), said the five areas are as follows.     First, the SED completed preparations to start cooperation in five areas: electricity, clean water, clean transportation, clean air and the conservation of forest and wetland ecosystems, mapping out plans and roadmaps.     China and the United States signed a 10-year energy and environmental protection cooperation framework in June during the fourth SED held in Washington, with these five areas as initial goals. Chinese Vice Premier Wang Qishan (front R) and U.S. Treasury Secretary Henry Paulson attend the signing ceremony on energy and environmental protection cooperation during the fifth China-U.S. Strategic Economic Dialogue in Beijing, China, Dec. 4, 2008.    Second, both sides agreed that energy efficiency would be the sixth initial goal.     Third, the SED achieved agreement on a framework document for the green partnership project under the 10-year cooperation framework. It will be formally signed by Chinese Vice Premier Wang Qishan and U.S. Treasury Secretary Henry Paulson.     Fourth, institutions including China's NDRC and the China Exim Bank, as well as the U.S. Trade and Development Agency and the Export-Import Bank of the United States, will sign a memorandum of understanding on measures to support the 10-year energy cooperation.     Fifth, seven eco-partnerships from the two countries will sign letters of intent on cooperation. These agreements include one involving China's southwestern Chongqing Municipality, the U.S. city of Denver and car maker Ford on an electric and hybrid automobile project.     The two-day SED, which is to end on Friday, also covers macro-economic risks, trade challenges and the investment environment.

Mongolian Prime Minister Sanj Bayar (R), also head of the ruling Mongolian People's Revolutionary Party(MPRP), shakes hand with Wang Jiarui, head of the International Department of the CPC Central Committee, in Ulan Bator, Mongolia, Dec.19, 2008. Wang Jiarui heads a delegation of the Communist Party of China to pay a 4-days friendly visit to Mongolia.     ULAN BATOR, Dec. 19 (Xinhua) -- Mongolian President Nambaryn Enkhbayar and Prime Minister Sanj Bayar on Friday met with Wang Jiarui, head of the International Department of the Communist Party of China Central Committee (CPC) to discuss bilateral ties.     During the meeting, Enkhbayar spoke highly of the current Chinese-Mongolian good-neighbor partnership of mutual trust.     Bilateral cooperation has developed fast in various fields in recent years, said the president, adding that there is great potential for the two to develop cooperation in trade and other economic areas in Mongolia. Mongolia's President Nambariin Enkhbayar (R) shakes hand with Wang Jiarui, head of the International Department of the CPC Central Committee, in Ulan Bator, Mongolia, Dec.19, 2008.     Talking about the current financial crisis, Enkhbayar said "the measures taken by China to tide over the current financial crisis are proper and Mongolia hopes to work together with China to minimize the impact of the crisis on the countries."     Prime Minister Sanj Bayar, who serves as chairman of Mongolian People's Revolutionary Party (MPRP), referred to relations with China as a top priority of Mongolia's foreign policy, adding that ties between MPRP and CPC is of great importance to bilateral relations.     The prime minister also vowed that his country would adhere to one-China policy and support China's stance on Taiwan and Tibet issues. Mongolian deputy prime minister Miyeegombo Enkhbold (L), shakes hand with Wang Jiarui, head of the International Department of the CPC Central Committee, in Ulan Bator, Mongolia, Dec.19, 2008.     Wang Jiarui briefed the Mongolian leaders on the current political and economic situations in China, saying the development of bilateral ties and cooperation have brought "concrete benefit" to the two peoples.     The CPC is willing to further enhance relations with the MPRP, Wang said, adding that the CPC and the Chinese government will unswervingly develop relations with Mongolia in a sound, stable way.     Wang Jiarui arrived in Mongolia on Friday morning.

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BEIJING, Nov. 23 (Xinhua) -- Chinese Premier Wen Jiabao called on domestic companies to pump up confidence in coping with the global financial crisis during his inspection of enterprises in eastern Shanghai and Zhejiang Province from Friday to Sunday.     Wen said buoying up their confidence was "a powerful weapon to deal with the adverse effects of the global economic turbulence and financial turmoil" when inspecting local private enterprises and large-scale companies.     "Enterprises must have confidence for them to stabilize market expectations. Confidence is what they need to tide over the difficult times," he said.     Wen, also a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, pointed out the private sector played an important role in keeping the stable and relatively fast economic growth momentum, creating more jobs and maintaining the social stability. Chinese Premier Wen Jiabao (C) talks with workers of the Shanghai Waigaoqiao Shipbuilding Co., Ltd. in Shanghai, east China Nov. 22, 2008. Wen Jiabao made an inspection tour of Shanghai Municipality and Zhejiang Province from Nov. 21 to Nov. 23, 2008."Great importance should be laid on the difficulties and challenges private companies face and more supporting policies should be given to them to create a sound environment for their development," he added.     Wen encouraged private companies to adapt to the market changes, make efforts on innovation, establish famous brands with independent intellectual property rights, improve their competitiveness and enhance risk resisting capabilities.     When inspecting Yiwu city in Zhejiang, one of the country's commodities trading centers, Wen encouraged business people to also focus on the domestic market in sync with strengthening their positions on the overseas market.     Wen stressed that large-scale enterprises played a crucial part in the national economy and social development, and great efforts must be put on pushing forward their healthy development.     He encouraged big companies to conduct merge and restructuring, eliminated the outdated production capacity and increase investment on research and development.

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.

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BEIJING, Nov. 2 (Xinhua) -- China's gross domestic product (GDP) growth is expected to slow to 9.4 percent in 2008 from last year's 11.4 percent as the shrinking exports will cool the world's fourth largest economy, according to a Chinese credit rating agency report on Sunday.     The fundamentals of the economy are sound, but falling export orders would take a toll on the national economy in the short term, and domestic consumption needed time to play a bigger role, said the report released by the China Chengxin International Credit Rating Co. (CCXI), a joint venture of China's first rating agency China Chengxin Credit Management Co. Ltd. and U.S.-based Moody's Corporation.     The changing external economic environment and the burst of domestic asset bubbles would exacerbate the slowing economy, said the report.     The proactive fiscal policy was key to preventing the economy from falling and there was room for further cuts in bank reserve requirement ratios and interest rates.     It predicted the economy would gain 8.6 percent in 2009, but it gave no explanation of its forecast.     China's economy grew at 9 percent in the third quarter, the slowest in five years, as the global financial crisis sapped demand for Chinese goods, and domestic industrial production waned in response to weak demand and rising raw material costs.     The government has lowered interest rates three times in the last two months, increased export rebates and cut property transaction taxes to boost domestic consumption.     The report said the world financial crisis would have limited direct impact on the domestic banking system, but it warned Chinese exporters of default risks of foreign buyers.     Insurers and securities companies would be affected as the domestic capital market was growing more connected to the international market.     In September, the Manila-based Asian Development Bank, projected China's GDP growth to fall to 10 percent this year and further ease to 9.5 percent in 2009.     The slow-down was a result of the combined effects of a reduced trade surplus, slower growth in investment, and the global economic downturn, the Asian Development Outlook 2008 Update has said.

BEIJING, Nov. 10 (Xinhua) -- Jia Qinglin, chairman of the National Committee of the Chinese People's Political Consultative Conference, the country's top political advisory body, called on the country's private enterprises to play an active role in economic growth.     Jia, also a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, said the private sector should step up efforts on the development mode shift and optimize product structures during a research tour in the eastern Zhejiang Province from Nov. 7 to 10. Jia Qinglin (L), chairman of the National Committee of the Chinese People's Political Consultative Conference(CPPCC), talks with an employee with Huayi Electric Apparatus Group(HEAG) in Hangzhou, capital of east China's Zhejiang Province, on Nov. 9, 2008. Jia made an inspection in Zhejiang on Nov.7-10He told non-public companies to make full use of the opportunity of the government's decision to boost domestic consumption in the coming years.     The government on Sunday announced it would launch a stimulus package estimated at 4 trillion yuan (570 billion U.S. dollars) to be spent over the next two years to finance programs in 10 major areas, such as low-income housing, rural infrastructure, water, electricity, transport, the environment and technological innovation.     Jia said over the past three decades the private sector had made important contributions to China's economic development, technology innovation, job creation and other areas.     He added that they should enhance innovation capabilities and sharpen competitive edges to better cope with adverse global economic conditions.     He urged on local governments to earnestly implement favorable policies for private companies, help enhance their risk management capabilities and create a sound development environment for them.