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News letter Issue No.36
2010/04/07

Issue No.36

     April 06, 2010

On Mar. 24, H.E. Ambassador Song Zhe, Head of the Mission of the P. R. China to the EU, made a speech at the Global Governance Policy Dialogue hosted by the European Policy Center. To read the speech, please see http://www.chinamission.be/eng/sthd/t675088.htm

On Mar. 28, H.E. Ambassador Song Zhe addressed at the European Executive Council. To read the speech, please see http://www.chinamission.be/eng/sthd/t675807.htm

On Mar. 29, H.E. Ambassador Song Zhe, wrote an article to “EU observer” on China’s view on revaluing RMB. To visit the website, please go to http://euobserver.com/7/29781 

On Mar. 31, H.E. Ambassador Song Zhe delivered a keynote speech with the topic “Focus On China” on the China Evening at Saint-Louis College. To read the speech, please visit http://www.chinamission.be/eng/sthd/t676781.htm

A free Tai Chi class will be opened at the Mission of the P. R. China to the EU.

The Mission of China to the EU will sponsor a free Tai Chi Course from April 14. This course will be held once a week and last for three months, which will include basic Tai Chi skills, 24 Tai Chi Forms and Tai Chi Self-defense skills etc. Should you be interested, please contact with Mr. Jingquan CHEN by email: chenjq76@gmail.com.

Chinese Premier Wen Jiabao met with foreign delegates attending the two-day China Development Forum 2010, in Beijing, China, March 22, 2010. The forum’s theme is "China and the World Economy: Growth, Restructuring and Cooperation".

·Trade and currency wars harmful: Premier Wen called on people around the world to stay cool-headed at a time when world economy starts to resume. He said China promises not to pursue trade surplus and wants to enlarge the country's imports.

·Vows to continue financial reform: China's financial system is generally sound. It was not greatly affected by the financial crisis and indeed helped the Chinese economy to cope with it. Some problems still existed in the management and monitoring of the financial sector, Premier Wen said, noting China was determined to establish an "integrated, sound and sustainable" financial system.

·Increasing domestic demand a long-term strategy: Premier Wen said that China would steadfastly stick to the practice of expanding its domestic demand, which is considered a long-term strategy. "We should shift the economy's dependence from external demand to domestic demand, and make great efforts to shorten the gaps between regions, and between urban and rural areas."

On the regular press conference on Apr. 1, 2010, Chinese FM Spokesperson Qin Gang commented on so called added doubt to China’s environment for foreign investment.

Qin made three points of China's market environment: First of all, China is a big market with a population of 1.3 billion, and the number is still growing. Any entrepreneur with strategic vision wouldn’t ignore such a big market. Secondly, China abounds with well-educated, high quality and low-cost human resources. Thirdly, China's infrastructure is constantly improving. Transport, highway, port and communications have all witnessed rapid development in recent years and are expected to be further ameliorated.

As for China's legal environment for investment, Qin noted that since the reform and opening up, China had enacted over 200 laws and regulations over foreign investment and operation in China and signed more than 120 bilateral investment protection agreements with other countries. Implementing earnestly its WTO commitments since its accession in 2001, China has fully reviewed and sorted out domestic regulations inconsistent with WTO rules. As a result, over 2,300 laws and regulations have been either revised or abolished.    

Qin concluded that China's investment environment is getting better and better. In fact, China has attracted more foreign investment than any other country for many years. Both the number of foreign companies and the volume of foreign investment are growing steadily.

On Apr. 1, 2010, Chinese State Councilor Dai Bingguo met in Beijing with Saeed Jalili, the visiting Iranian chief nuclear negotiator and Secretary of Supreme National Security Council. Also on Thursday, Chinese Foreign Minister Yang Jiechi held talks with Jalili. Yang stated China's stance and opinion of the Iran nuclear issue and urged relevant parties to step up diplomatic efforts and show flexibility to create conditions for a resolution based on dialogue and negotiations. To read the report and other related information, please go to http://news.xinhuanet.com/english2010/china/2010-04/02/c_13234317.htm

China's Geely buys Volvo unit for 1.8 billion U.S. dollars. China's Zhejiang Geely Holding Group signed a deal worth 1.8 billion U.S. dollars with Ford Motor Co. to acquire the U.S. auto giant's Volvo car unit in Goteborg, Sweden, on Mar. 28. Under the definitive stock purchase deal, Geely will own 100 percent of Volvo Cars and its related assets. Geely, which started to manufacture cars in 1998, is a major private automaker in China, with its headquarters based in southeast China's Zhejiang province. Geely Holding Group is the parent company of Geely Automobile Holdings. To read the full story, please see http://news.xinhuanet.com/english2010/business/2010-03/28/c_13228117.htm

This newsletter is issued by the Mission of the People’s Republic of China to the European Union, Boulevard de la Woluwe 100, 1200 Brussels, Tel + 32 2772 95 72, www.chinamission.be/eng/.  Any comments or queries on the contents can be addressed to chinamission_eupress@mfa.gov.cn.

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