Chinese Premier Wen Jiabao (C), also a
member of the Standing Committee of the Political Bureau of the Communist
Party of China (CPC) Central Committee, talks with employees of Aiming
Digital Electrical Co.,Ltd in central China's Hunan Province, on June 13,
2009. Premier Wen made an inspection tour in Hunan Province from June 12
to June 14. (Xinhua/Jun Peng) Photo Gallery>>>
BEIJING, June 14 (Xinhua) -- Chinese Premier Wen
Jiabao stressed the importance of promoting domestic consumption and independent
research and development during a three-day inspection tour of the central Hunan
Province, which ended Sunday.
Wen said the key to a sound economic future lay in
continuing to "unswervingly" implement the government's policies to deal with
the international economic downturn.
Companies should increase investment in research and
development and better utilize science and technologies to "foster new economic
growth points," he said.
Local governments, meanwhile, should develop
energy-efficient and environment-friendly industries and put priority on a
recycling and green economy, he said.
Chinese Premier Wen Jiabao (C), also a
member of the Standing Committee of the Political Bureau of the Communist
Party of China (CPC) Central Committee, talks with employees of Geely
Automobile Parts Co.,Ltd in central China's Hunan Province, on June 13,
2009. Premier Wen made an inspection tour in Hunan Province from June 12
to June 14. (Xinhua/Jun Peng) Photo Gallery>>>
During his trip in Hunan, Wen visited companies,
Hunan University, job markets and farmlands.
He said the enhanced economic power of central and
western regions, whose economies profited from central government support
policies, added vigor to the country's economic development and should continue
to be supported.
The central region, a link between the east and the
west, should speed up industrial restructuring with a focus on local
characteristics and advantages while tapping emerging industries, such as IT and
bioengineering, said Wen.
He also called for more attention to education and
talent in China's future reform and opening, and the building of a social
welfare system that values the improvement of living standards.
Visiting farms, Wen said wheat production this summer
was sure to grow over last year and that the country should focus on a more
balanced economic development between urban and rural areas.
"Stable agricultural output makes a stable economy
and stable lives for the people," Wen said.
BEIJING, June 10 (Xinhua) -- China's consumer price index (CPI), the main gauge
of inflation, in May fell 1.4 percent year on year, the National Bureau of
Statistics (NBS) announced Wednesday.
This marks the fourth consecutive monthly decline since the
index dropped 1.6 percent in February, the first fall since October 2002.
However, the decline was 0.1 percentage points lower than the April level. Full story
BEIJING, June 7 (Xinhua) -- Chinese economy has bottomed
out and is stabilizing against the global economic downturn, but it would go
through a U-turn recovery as a quick recovery could hardly be sustained, a
researcher with the country's top think tank said here Sunday.
"Although the economy has bottomed out, it was
touching a flat bottom, instead of a V-shaped bottom," said Zhang Wenkui, deputy
director of the enterprise research institute under the Development Research
Center of the State Council, a government think tank, at a forum. Full story
BEIJING, May 21 (Xinhua) -- China's domestic demand, as
the government had long wished, has started to become more of a driving force
for the country's economic growth than in the past.
Signs of a domestic consumption boost are apparent as
people are spending more on domestic commodities, export falls, and the
government plans for more consumption stimulus. Full story
BEIJING, May 13 (Xinhua) -- China will allow
non-deposit-taking institutions both home and overseas to offer consumer loans
to its citizens, a new measure to stimulate domestic consumption.
China Banking Regulatory Commission (CBRC) issued, on its
portal Web site Tuesday, management measures on the experiment of consumer
financing companies to seek public opinions. Full story
BEIJING, May 15 -- A wide range of macroeconomic data and
a rebound in the purchasing managers index in the last consecutive five months
indicate the Chinese economy has bottomed out and is on its way to recovery. Full story
