Washington - Vice-President Xi Jinping urged the United States to adjust its economic policies and structure and remove restrictions on exports to China in addressing trade imbalance between China and the US. Addressing a reception luncheon in a principal policy speech Wednesday, Xi said China's trade surplus-to-GDP ratio dropped from over 7% to 2% in 2011, [...]
BEIJING – President Hu Jintao on Wednesday said China will enhance dialogue and further cooperation with the European Union in order to boost bilateral ties. Hu made the remark during a meeting with European Council President Herman Van Rompuy and European Commission President Jose Manuel Barroso, who are in China for the 14th China-EU summit. [...]
WASHINGTON / BEIJING – Vice-President Xi Jinping called for an expansion of military ties with the United States amid tension over Washington building up its military presence in the Asia-Pacific region. During discussions on Tuesday with US officials, Xi also urged Washington to abandon trade protectionism and respect China's fundamental interests. Read Full Article HERE
BEIJING - Chinese Vice Premier Li Keqiang has called for more efforts to expand domestic demand to speed up economic restructuring. Li made the remarks in an article to be published Thursday in the new issue of Qiushi, or "Seeking Truth," the flagship magazine of the Communist Party of China. Read Full Article HERE
BEIJING – China's reliance on foreign trade dropped to 50.1 percent in 2011, indicating that the economy is transferring to a more inner-led growth mode, the General Administration of Customs (GAC) said Wednesday. The reliance on foreign trade, which measures an economy's dependance on international markets, is the ratio of the total trade value in [...]
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