Posts tagged ‘Premier of the People’s Republic of China’

06/03/2015

Chinese city shuts factories as environmental law bites | Reuters

An industrial city in eastern China has closed several factories, including many steel and nickel pig iron producers, in an apparent sign the government is stepping up enforcement of a new environmental law in the face of growing public discontent over pollution.

Premier Li Keqiang told the annual session of the National People’s Congress, or parliament, on Thursday his government would do everything it could to fight pollution.

China’s vast and energy-intensive steel sector is at the heart of the government’s war on pollution, but it also encapsulates the challenges of curbing smog without denting the economy. Complying with stricter standards would have knock-on effects throughout industry and raise costs for steel producers who are already feeling the pinch of tepid demand.

Most steel producers in Linyi, a city in coastal Shandong province, appear to have been shuttered, industry sources said.

“Almost all the steel-making production in Linyi has closed, and there is no date for when to resume production,” said an official with Linyi Yuansheng Casting Co Ltd, one of the mills in the city, who declined to be identified.

via Chinese city shuts factories as environmental law bites | Reuters.

05/03/2015

China 2015 defense budget to grow 10.1 pct, lowest in 5 years – Xinhua | English.news.cn

China on Thursday announced a 10.1-percent rise in its national defense budget in 2015, the lowest growth in five years as the country confronts mounting pressure in the face of an economic slowdown.

According to a budget report released shortly before the country’s top legislature starts its annual session, the government plans to raise defense budget to 886.9 billion yuan (about 144.2 billion U.S. dollars).

That would make China the second largest military spender in the world following the U.S., whose defense budget amounted to 600.4 billion U.S. dollars in 2013.

Nonetheless, the 10.1-percent rise represented the lowest expansion in China since 2010, when the defense budget was set to grow by 7.5 percent.

The figure has thereon been riding on a multi-year run of double-digit increases, expanding 12.2 percent last year.

Thursday’s budget report did not explain the rationale behind this year’s abated growth, but a government work report to be presented by Chinese Premier Li Keqiang may offer some clues.

According to the report, national defense development would be coordinated with the country’s economic growth.

The Chinese economy grew 7.4 percent in 2014, registering the weakest annual expansion in more than two decades. The government set this year’s growth target to approximately 7 percent, brewing new concerns that the world’s economic powerhouse is losing steam.

But the report played down such concerns, stressing that China is now in a “new normal” state, where a balance ought to be stricken between growth and structural optimization.

via China 2015 defense budget to grow 10.1 pct, lowest in 5 years – Xinhua | English.news.cn.

10/02/2015

Pollution: The cost of clean air | The Economist

A DESOLATE scene surrounds Little Zhang’s Tyre Repair in the dusty rock-mining township of Shijing, in the northern province of Hebei. Zhang Minsheng, the owner, still gets some business from passing traffic. But the recent closure of nearby rock quarries, because of air-pollution restrictions, has taken its toll. He reckons his monthly income has fallen by 30-40% to around 4,000 yuan ($640). Next door a wholesale coal business has closed. So too have a small family-owned barbecue restaurant and an alcohol, tobacco and grocery store. Red characters posted by their entrances still forlornly proclaim their “grand opening”.

Last year on a typically smoggy day in Beijing, Li Keqiang, the prime minister, declared “war” on air pollution—a problem that has become a national fixation. Smog remains a grave danger in most Chinese cities, but environmental measures are beginning to show teeth. Regulators in the most polluted provinces are ordering mass closures of offending enterprises. In some areas officials are being punished for failing to control pollution. Policymakers are placing less emphasis on GDP growth—long an obsession of officials at all levels of government—and talking up greenness.

The transformation will be painful. China’s new toughness on polluting quarries, mills and factories coincides with an economic slowdown that will make it harder to create new jobs for those laid off. Slower growth is in line with the government’s efforts to curb wasteful investment, and with it a dangerous build-up of debt. The slowdown also happens to be helpful in curtailing pollution: China’s consumption of coal, a huge contributor to smog as well as to climate-change emissions, fell slightly in 2014 after 14 years of growth.

Mr Li’s war is especially bloody in Hebei, which is blamed for much of the smog in Beijing. Keeping the air of the capital clean is a political priority. Chinese leaders have been embarrassed by the damage caused to China’s international image by the city’s relentlessly grey skies. They worry that the smog could fuel dissatisfaction with the government and undermine stability in the capital, as well as affect their own and their families’ health. Dutifully, Hebei, which surrounds Beijing, has been trying to clean up. Since the beginning of 2013 it has reported closing down 18,000 polluting factories. In January Hebei Daily, a state-run newspaper, said that in Mancheng county, to which Shijing township belongs, 37 rock quarries and rubble pits had been shut.

via Pollution: The cost of clean air | The Economist.

28/01/2015

China plans to set 2015 growth target at ‘around 7 percent’ – sources | Reuters

China plans to cut its growth target to around 7 percent in 2015, its lowest goal in 11 years, sources said, as policymakers try to manage slowing growth, job creation and pursuing reforms intended to make the economy more driven by market forces.

The growth target, which is set to be announced by Premier Li Keqiang at the annual parliament session in March, was endorsed by top party leaders and policymakers at a closed-door Central Economic Conference in December, said a number of people with knowledge of the outcome of meeting who spoke to Reuters.

The target, which is in line with market expectations, has not been previously reported.

“This year’s economic growth target will be around 7 percent, but the 7 percent should be the bottom line,” said one of the sources, an influential economist who advises the government.

via Exclusive: China plans to set 2015 growth target at ‘around 7 percent’ – sources | Reuters.

25/11/2014

China’s Railroad Ventures Abroad Project Soft Power – Businessweek

Last week state-owned China Railway Construction Corp. (CRCC) signed a lucrative contract with Nigeria to build an 870-mile coastal railroad from Lagos to Calabar, two of the West African nation’s leading cities. The price tag: $12 billion. That makes it the largest single overseas engineering contract awarded to any Chinese company, according to state-run Xinhua newswire.

Chinese and Venezuelan construction workers build an elevated platform at China Railway Engineering Corporation's (CREC) Tinaco-Anaco railway project in Los Dos Caminos, Venezuela in 2012

Beijing hopes many more deals will follow. In recent months, Chinese leaders on overseas missions have often bragged of the country’s prowess in building railroads, including high-speed bullet trains.

In May, Li Keqiang made his first diplomatic trip as China’s premier to Africa, visiting Ethiopia, Nigeria, Angola, and Kenya. At the headquarters of the African Union in Addis Ababa, Ethiopia, he said he envisioned a bright future for the continent when African capitals would be connected by high-speed rail. And China, he added, according to Xinhua, could “help make this dream come true.”

In early November, a consortium of Chinese companies led by CRCC won a $3.7 billion contract to build a bullet train in Mexico; that contract was canceled a few days later due to suspected corruption on the Mexican side. But the aborted deal is still a sign of overseas demand for China’s rail technology.

Nor are rail deals limited to developing nations: In October, Boston’s transit authority signed a $567 million contract with China’s CNR Corp. to build 284 subway cars.

In addition to stimulating domestic manufacturing demand for steel and rail equipment exports, China’s leaders hope the flurry of railway deals will have soft power benefits as well. The Nigerian railroad will be “a mutually beneficial project,” as CRCC Chairman Meng Fengchao told Xinhua. He pledged to hire at least several thousand workers from Nigeria; in the past, Chinese companies have been criticized for bringing in Chinese workers to complete large engineering projects, thus denying work opportunities to local populations.

via China’s Railroad Ventures Abroad Project Soft Power – Businessweek.

20/11/2014

China Railway Construction wins $12 billion Nigeria deal: Xinhua | Reuters

China Railway Construction Corp (601186.SS) (1186.HK) has signed a deal worth nearly $12 billion with Nigeria to build a railway along the West African nation’s coast, Chinese state news agency Xinhua said on Thursday.

The announcement comes shortly after Mexico abruptly scrapped a $3.75 billion high-speed rail contract with a consortium led by the Chinese firm over transparency concerns.

China is pushing to win railway construction projects around the world as part of plans to export its high-speed technology and lift its manufacturing sector up the value chain.

Beijing is also pumping money into the sector, with more than $100 billion worth of infrastructure projects approved in late October and early November in a bid to bolster slowing growth in the world’s second largest economy.

“It is a mutually beneficial project,” CRCC Chairman Meng Fengchao told Xinhua. He added the railway project will lead to equipment exports from China worth $4 billion, including construction machinery, trains and steel products.

via China Railway Construction wins $12 billion Nigeria deal: Xinhua | Reuters.

10/06/2014

Indian PM Modi meets with Chinese FM – Xinhua | English.news.cn

Indian Prime Minister Narendra Modi Monday met here with visiting Chinese Foreign Minister Wang Yi, the special envoy of Chinese President Xi Jinping.

INDIA-NEW DELHI-PM-CHINA-WANG YI-MEETING

During the meeting, Wang conveyed greetings and messages from President Xi and Chinese Premier Li Keqiang to Prime Minister Modi.

The Chinese president said in his message that he believes India will obtain greater development and progress under the leadership of Prime Minister Modi.

The Chinese president said that as two important forces in the process of multi-polarization of the world, China and India share far more common interests than differences and that the two countries are long-term strategic cooperative partners rather than adversaries.

The Chinese president pointed out that the dreams of both China and India to build a strong nation and to upgrade the living standards of their people have a lot of commonalities and the two countries should make an in-depth convergence of their development strategy, support each other with their respective strengths, build a close development partnership, and hold hands to realize peaceful development, cooperative development, and inclusive development, in order to benefit their people and enhance peace, stability and prosperity of Asia and the whole world.

Prime Minister Modi said that the important message from President Xi Jinping has given a clear guidance for developing bilateral relations.

Modi said he highly appreciates the achievements in the field of development made by China and personally cherishes a friendly feeling toward China.

Modi said India’s new government is willing to join China to give a clear signal to the world that the two countries are dedicated to common development.

He suggested that the two countries maintain exchange of high- level visits, consolidate strategic trust, and use each other’s strengths to deepen cooperation in the fields of infrastructure, manufacturing, and IT industry.

Modi also said that India and China should develop their resources of two ancient civilizations to enhance cooperation and increase exchanges in humanity.

On the boundary issue, he said the two countries should commonly maintain peace and tranquility on the border areas in order to provide guarantees to the development of bilateral relations.

Foreign Minister Wang said that China and India are now standing at a new historical starting point of developing their relations and in the meantime are faced with important opportunities of their own development.

He said that China is ready to realize convergence with India in the fields of development theories and ideas, exchange and learn from each other in practice and theories of governance.

Wang said China is also willing to realize convergence of development strategies with India and let the “Look East” policy of India meet and confluence with China’s acceleration of opening its western regions.

The two countries should also use their respective strong points to support and supplement each other in their respective development, he said.

Wang said as the two ancient civilizations, China and India should join each other to make new contributions to human civilization and progress. He also suggested that the two countries properly control and manage their boundary problem to seek a mutually acceptable, fair and reasonable solution to the boundary issue.

via Indian PM Modi meets with Chinese FM – Xinhua | English.news.cn.

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11/05/2014

Chinese premier vows to combat poaching, ivory smuggling – Xinhua | English.news.cn

Visiting Chinese Premier Li Keqiang said here Saturday that China is strongly committed to protecting wildlife and will spare no effort in combating poaching and ivory smuggling.

The premier made the remarks to Chinese and foreign journalists after visiting the Ivory Burning Site Monument in the Nairobi National Park with Kenyan President Uhuru Kenyatta.

In 1989, then Kenyan President Daniel Arap Moi burned 25 tons of ivory and other hunting trophies in the park. To mark the incineration, the Kenyan government reserved the burning site and set up a monument.

China highly appreciates and respects Kenya’s hardworking effort and remarkable achievement in wildlife protection, Li said, adding China shares Kenya’s considerable emphasis on the issue.

“Our visit to the monument together shows that the two sides are cooperating in good faith to jointly combat poaching and ivory smuggling, and protect wildlife,” the Chinese leader said.

It also indicated that the Chinese government is determined to provide any assistance within its capabilities to help Kenya build the capacity to protect wildlife, he added.

Li said that as a signatory to the UN Convention on International Trade in Endangered Species of Wild Fauna and Flora, China has always abode by the pact.

To counter the rising global ivory smuggling and illegal trade over recent years, he said, China has been taking a series of legal actions and creating inter-agency action mechanism to fight against the crime.

Earlier this year, China destroyed 6.1 tons of confiscated ivory, and will continue to strengthen cooperation with Kenya and other countries on ecological and wildlife protection, Li said.

China will promote such a concept in the world — protecting wildlife is to safeguard our common homeland, and protecting biological diversity is to ensure the colorfulness of the Earth, he said.

via Chinese premier vows to combat poaching, ivory smuggling – Xinhua | English.news.cn.

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09/05/2014

China to earmark over half of foreign aid for Africa: Premier Li – Xinhua | English.news.cn

ABUJA, May 8 (Xinhua) — China will earmark more than half of its foreign aid for Africa and attach no preconditions, visiting Chinese Premier Li Keqiang said here Thursday.

ANGOLA-CHINA-LI KEQIANG-ARRIVAL

“China will, as always, continue to increase its assistance to Africa in both quantity and quality to the extent of its ability, ensuring that more than half of its foreign aid will go to Africa,” Li told a World Economic Forum on Africa in the Nigerian capital.

Hailing Africa as an important pole in world politics, a new pole in global economic growth and a colorful pole in human civilization, Li said that the development of Africa will make the world more democratic, stable, dynamic and colorful, and is conducive to world peace, development and progress.

“It would be better to have more poles than less in the world political and economic landscape,” he said.

The Chinese premier pledged that Beijing will help Africa develop the networks of high-speed railways, expressways and regional airports, saying infrastructure construction, transportation in particular, should be a priority in achieving inclusive growth.

Referring to an African “dream of the century” depicted by African Union (AU) Commission Chairperson Nkosazana Dlamini-Zuma to connect African capitals with high-speed railways, Li said China stands ready to help with the mega project.

China is ready to carry out all-dimensional cooperation with Africa on high-speed railways, including their planning, designing, construction and management, Li said.

China is also willing to set up a high-speed railway research and development center in Africa, he added.

Li stressed that cooperation between China and African countries is based on good faith and openness, saying his country is willing to share its advanced and applicable technologies and management expertise without reservation.

China is also ready to step up collaboration with international organizations and relevant countries to make a joint contribution to Africa’s development, he added.

Li also pledged to strengthen China-Africa cooperation in green and low carbon development and make sure the Chinese enterprises operating in Africa fulfill their social responsibilities.

He stressed that China will never attach political conditions to its assistance to Africa and will never use its aid programs to interfere in the internal affairs of African countries.

Li also assured the audience that China continues to enjoy solid foundation for sustained economic growth despite recent slowdown.

China will give more attention to the quality and efficiency of growth and make growth more inclusive and sustainable, the premier said.

“We have the confidence and capability to meet the expected growth target of around 7.5 percent for this year and maintain a medium-high growth for a fairly long period of time to come,” he said.

This is good news for African countries and the global economy at large, he said.

The Chinese premier, currently in Angola for a visit, started on Sunday his first Africa tour since taking office in March last year. He had visited Ethiopia and Nigeria, and will travel to Kenya.

via China to earmark over half of foreign aid for Africa: Premier Li – Xinhua | English.news.cn.

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07/05/2014

China’s Premier Li Goes to Africa – Businessweek

Chinese Premier Li Keqiang is visiting Ethiopia, Nigeria, Angola, and Kenya this week in his first trip to Africa since assuming office. Accompanying him is his wife, Cheng Hong, who is making her first public appearance on a diplomatic mission—and a splash in China’s domestic media, given the relative novelty of top leaders’ wives appearing in public in official roles.

Li speaking on May 5 in Ethiopia

Over the past decade, China’s economic ties to Africa have grown quickly. Trade has risen (PDF) from $10 billion in 2000 to $166.3 billion in 2011. Meanwhile China’s foreign direct investment in Africa has jumped from $392 million in 2005 to $2.5 billion in 2012, according to figures from China’s commerce ministry. Much of that money has gone to infrastructure projects, including roads, dams, mines, and oil rigs.

On Monday in Addis Ababa, Ethiopia’s capital, Li laid out his vision for the future of China-Africa relations. Speaking at the headquarters of the African Union, he said he imagined a day when all African capitals would be connected by high-speed rail—quickly adding that China’s experience and technology could “help make this dream come true,” according to state-run newswire Xinhua.

via China’s Premier Li Goes to Africa – Businessweek.

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