The government in China has set up a target of 7.5 per cent growth this year as it begins the crucial leadership transition summit.
Experts say that the moderate growth target reflects that the Chinese government is looking for a broader economic development driven by domestic spending instead of focusing on double digit growth based on exports to the global markets. The target will be the central point in the agenda at the National People's Congress that began on Tuesday.
Sydney, Jan 1 : An Australian journalist working with The New York Times has been expelled from China in an apparent act of retaliation for reporting about the family wealth of former Chinese Premier Wen Jiabao.
After 15 years in China, including 12 as a reporter, Chris Buckley left Beijing on Monday with his wife and 12-year-old daughter, after authorities declined to renew his annual media accreditation and residence visa.
His expulsion followed an October 25 investigative report by a colleague at The New York Times that revealed Wen's close relatives had acquired at least 2.7 billion dollars in assets, the Age reports.
The manufacturing activity in China has continued to fall for the second month, indicating that the world's second largest economy is still facing economic slowdown.
An index of China's manufacturing was recorded at 49.8 for September, according to the data released by the statistics bureau in Beijing. The Chinese government is expected to increase efforts to revive its economic growth in the country after recording two straight months of a fall in manufacturing sector.
Premier Wen Jiabao has claimed on Wednesday that China's local government debt increased by just $47 million or 300 million yuan in the previous year.
The slight increase in local government debts in 2011 comes after the authorities had urged the banks in the country to make such lending stricter and local governments were forced to stay on budget.
Bali (Indonesia), Nov. 18 : Indian Prime Minister Dr. Manmohan Singh, who met Chinese Premier Wen Jiabao on the sidelines of the 19th Association of Southeast Asian Nations (ASEAN) Summit here on Friday, said New Delhi seeks a harmonious and cooperative relationship with Beijing and the two countries must cooperate on regional, bilateral and global issues.
Beijing, Sept 14 : Chinese Premier Wen Jiabao has said that China today is a fully open market economy.
Xinhua quoted Jiabao, as saying that the nation is pursuing a `win-win strategy' of opening-up to increase the openness of the country''s economy.
He further said that since joining the World Trade Organization in 2001, China has speeded up its efforts to change the pattern of conducting foreign trade.
China may join Asian nations from South Korea to India in delaying interest-rate increases after the nation’s leaders urged global cooperation to stabilize financial markets.
The People’s Bank of China will leave borrowing costs unchanged for the rest of this year, according to eight of 10 analysts surveyed yesterday. Economists’ median forecast is for South Korea to extend a pause for a second month tomorrow, while Indonesia stayed on hold yesterday.
The U. S. Federal Reserve pledged yesterday to keep interest rates near zero through mid-2013 and use other policy tools “as appropriate,” addressing the slump in confidence that triggered a global stock rout.
Wen Jiabao, from Chinese government, has informed that fight against inflation will be their foremost objective. Wen has said this while he was addressing the annual press conference at the close of the national people's congress, China.
Mr. Wen has also revealed that inflation is the major factor of a sustainable economic growth of a country. If the government is looking forward to achieve an economic restructuring, then the inflation rate needs to be controlled properly. It must focus on proper management and maintenance the inflation issues as per Wen.
Chinese Prime minister Wen Jiabao cautioned of "latent risk" in China's banks and called for a need to curb speculation in real estate, as a consequence of inundating the economy with currency to stimulate the economic growth.
"The domestic economy still faces some prominent problems," Wen, said in a speech in Beijing to the National People's Congress. In the address, the government also pledged to keep inflation at a modest 3 per cent for 2010 and at the same time stressed the government will continue to support the economy.
Chinese are celebrating their New Year beginning Sunday with a promise to maintain the country's economic growth in order to guarantee better standards of living for themselves.
Chinese heads congratulated people on the occasion, which coincides with the two weeks long Spring Festival.
Hong Kong, Dec 28 - Chinese Premier Wen Jiabao Monday publicly chided Hong Kong leader Donald Tsang over "deep-rooted conflicts" in the city and told him to be more effective in tackling them.
The remarks, made during Tsang's annual duty visit to Beijing, come as the Hong Kong government faces opposition as it tries to push through electoral reforms in the former British colony.
Pro-democracy legislators say the reforms do not go far enough towards universal suffrage and Beijing has shown increasing frustration at Tsang's hesitant handling of the issue.
Copenhagen, Dec 19 - Chinese Premier Wen Jiabao told US President Barack Obama that the key to climate change issue is to stick to the principle of \"common but differentiated responsibilities\".
Climate change is a global challenge and an important field for cooperation between China and the US, Xinhua quoted Wen as saying during his meeting with Obama Friday.
Copenhagen, Dec 18 : Chinese Premier Wen Jiabao said Friday the United Nations Framework Convention on Climate Change (UNFCCC) and its Kyoto Protocol reflected a broad consensus among all parties and, therefore, it must be further strengthened.
Speaking at the opening session of the final segment of the Copenhagen climate summit here, Wen said the campaign against climate change hasn't just started and the international community has been engaged in this endeavour for decades now, Xinhua reported.
Copenhagen, Dec 18 : India and China will join hands to oppose attempts by rich countries to hinder their development in the name of fighting climate change, Prime Minister Manmohan Singh and Chinese Premier Wen Jiabao decided at a breakfast meeting here Friday.
The two premiers, attending the finale of the Dec 7-18 Copenhagen climate summit decided to oppose the so-called "umbrella paragraph" of the political declaration that has been drafted, according to an Indian official. The declaration was scheduled for release later in the day by the 130-odd heads of state gathered here.
Copenhagen, Dec 18 - Chinese Premier Wen Jiabao and Brazilian President Luiz Inacio Lula da Silva met here to exchange views on cooperation in dealing with global climate change.
Wen said that China and Brazil enjoyed broad consensus on international cooperation in tackling global climate change, Xinhua reported.
Copenhagen, Dec. 17 : As Indian Prime Minister Manmohan Singh and Chinese premier Wen Jiabao have decided to hold a personal meet ahead of the crucial Heads of the States meet on climate change in Copenhagen on Friday, an unusual but interesting match is likely to be witnessed by the world as India and China will take on the U. S..
As per India’s stance on climate change, it is ready to cut CO2 emissions per unit of GDP by 20-25% from 2005 levels by 2020.
India rejects legally binding target and stresses that rich countries should legally bound.
New Delhi, Dec. 17 : With global warming talks entering the final stretch on Thursday and Friday, all attention will shift to the two-day Heads of States meeting in Copenhagen, Denmark. The key personalities in focus would be US President Barack Obama, Indian Prime Minister Dr. Manmohan Singh and Chinese Premier Wen Jiabao, the latter two in particular.
News coming out of Copenhagen suggests that chances of an agreement or a landmark deal between developed countries and developing countries on countering climate change are remote.
New Delhi, Dec 10 : Chinese Premier Wen Jiabao Thursday called up Prime Minister Manmohan Singh to discuss climate change, an official said.
The discussion comes ahead of Manmohan Singh's Dec 18 visit to the Copenhagen climate change summit.(IANS)
Beijing, Nov 18 - The visit of US President Barack Obama to China was of far-reaching significance, Chinese Premier Wen Jiabao said here Wednesday and expressed the hope that it would take the China-US relationship to "a new level".
"It is my sincere hope that your current visit will lift the comprehensive and cooperative China-US relations to a new level," Wen told Obama at their meeting in the State Guesthouse in Beijing, Xinhua news agency reported.
Beijing - US President Barack Obama met Chinese Premier Wen Jiabao on Wednesday as he wound up a first visit to China that featured pledges from the two nations to develop strategic cooperation on major international issues.
Following talks and a lunch with Wen, Obama was scheduled to visit the Great Wall near Beijing before leaving China for South Korea late Wednesday afternoon.
On Tuesday, Obama and Chinese President Hu Jintao promised close cooperation on finance, climate change and other international issues, and marked Obama's first visit to China with a vow to hold regular dialogue.