China won't yield to yuan appreciation pressure: Premier
www.chinaview.cn 2009-12-27 16:37:14   Print

Chinese Premier Wen Jiabao (L) speaks during an exclusive interview with Xinhua News Agency at Ziguangge building inside Zhongnanhai, an office compound of the Chinese central authorities at the heart of Beijing, capital of China, Dec. 27, 2009. (Xinhua/Yao Dawei)
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    by Xinhua writer Jiang Xufeng

    BEIJING, Dec. 27 (Xinhua) -- China would not yield to foreign pressure for the appreciation of its currency yuan, or renminbi, in any form, Chinese Premier Wen Jiabao said Sunday.

Backgrounder

  China faces rising trade disputes, yuan appreciation pressure

  China's pro-active fiscal policy and moderately loose monetary policy

 China's economic development after 4-trln-yuan stimulus package

 China's soaring house prices trigger concerns over property speculation

 Major fluctuations in China's 2009 consumer prices

    "A stable Chinese currency is good for the international community," Wen told Xinhua News Agency in an exclusive interview.

    Wen said that China's efforts to maintain a stable yuan-dollar exchange rate during the 1998 Asian financial crisis helped the world.

    Some countries demanded the yuan's appreciation while practicing trade protectionism against China, said Wen, adding that this in essence was aimed at checking China's development.

    "China will work together with other countries to curb trade protectionism and push forward with the Doha Round trade negotiations," Wen said.

    He said that the global economy could not make progress without trade between different economies. "We all know this, but what we need now is the willingness to take action," Wen said.

    Chinese exporters were under great pressure due to trade protectionism, he said.

    Figures from China's Ministry of Commerce showed that as of the end of November, 19 countries and regions have launched 103 trade related investigations against Chinese products. Both the number of the cases and the money involved was at record high.

    Export value of Christmas-related products from China's eastern Zhejiang Province fell 28 percent in 2009 compared with average levels of previous years, due to waning foreign demand and trade barriers in various forms, Wen said.

    From January to November, China's imports and exports totaled 1.96 trillion U.S. dollars, down 17.5 percent compared with the same period last year. In breakdown, exports stood at 1.07 trillion U.S. dollars, down 18.8 percent year on year, and imports at 893.02 billion U.S. dollars, down 15.8 percent, according to the General Administration of Customs.

    "Chinese exporters need to upgrade their export systems and improve product quality in order to keep their global market share amid an unfavorable trade climate," Wen said.

Premier Wen says science, technology key to China's economic development

    BEIJING, Dec. 27 (Xinhua) -- Premier Wen Jiabao said here Sunday that China would rely on science and technology to change its growth pattern.

    "It (science and technology) is key to China's economic development," Wen made the remarks when asked how China would respond to global scientific innovation expedited by the international financial crisis. Full story

Premier: China to steadily advance reform of household registration system

    BEIJING, Dec. 27 (Xinhua) -- Chinese Premier Wen Jiabao said Sunday China would advance the reform of its decades-long household registration system in a steady manner, in a bid to ensure migrant workers to have equal rights as city dwellers.

    Those policies are also key to speeding up urbanization and boosting domestic consumption, Wen said in an exclusive interview with Xinhua News Agency. Full story

China won't yield to yuan appreciation pressure: Premier

    BEIJING, Dec. 27 (Xinhua) -- China would not yield to pressure for the appreciation of its currency yuan, or renminbi, in any form, Chinese Premier Wen Jiabao said Sunday.

   "A stable Chinese currency is conducive to the international community," Wen told Xinhua in an exclusive interview. Full story

Improving people's livelihood always a priority: Premier

    BEIJING, Dec. 27 (Xinhua) -- The Chinese Premier Wen Jiabao stressed on Sunday that the final ends of the nation's economic growth is to improve people's well-being, which is a priority on the government's agenda amid the global financial crisis.

    Despite the tight fiscal condition, China beefed up the income and welfare enjoyed by the retirees and low-income residents, and unveiled the significant health-care reform in 2008, Wen told Xinhua in an exclusive interview. Full story

Chinese Premir stresses confidence, responsibility, cooperation in tackling downturn

BEIJING, Dec. 27 (Xinhua) -- Chinese Premier Wen Jiabao said Sunday the government had stressed confidence, responsibility and cooperation in dealing with the effects of the global economic crisis. Full story

Chinese people should be proud of economic performance: Premier

    BEIJING, Dec. 27 (Xinhua) -- Chinese people should be proud of the country's economic performance as the government's economic stimulus package proved effective, Premier Wen Jiabao told Xinhua Sunday in an exclusive interview. Full story

Premier Wen holds exclusive interview with Xinhua

    BEIJING, Dec. 27 (Xinhua) -- Chinese Premier Wen Jiabao holds an exclusive interview with the Xinhua News Agency on Sunday afternoon at Ziguangge building inside Zhongnanhai, an office compound of the central authorities at the heart of Beijing. Full story

Premier Wen promises annual dialogue with netizens ahead of Parliament session

    BEIJING, Dec. 27 (Xinhua) -- Chinese Premier Wen Jiabao said Sunday he would continue his dialogue with netizens before the annual Parliament session in March next year. Full story

 Special Report: Premier Wen Jiabao Gives Exclusive Interview with Xinhua News Agency

Special Report:  Global Financial Crisis

 


Editor: Tang Danlu
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