Quotes

“China can achieve this year’s development goals”

China has the confidence， conditions and capabilities to achieve this year’s development goals， Premier Wen Jiabao said at a trilateral business summit between China， Japan and the Republic of Korea， Xinhua reported.

Wen noted that the Chinese economy is currently enjoying sound development momentum， and people’s living standards and market confidence are continuing to improve.

China will accelerate the transition of the country’s development mode， adjust the economic structure， strive to expand domestic demand， promote energy conservation and emissions reduction， develop the green economy and realize sustainable development， the premier said.

“China’s economy must advance on two legs”

Today State-owned and private enterprises are playing coordinated， not contradictory， roles in China’s economy. State-owned economies， many of which are resource， capital， or technology intensive， should concentrate on competing in the global arena， and take the leading role in key industries. Private enterprises， which rely more on labor， should help create employment and stimulate regional development， and join the international market if possible， said Hu Angang， director of the Center for China Studies at Tsinghua University.

Competition， as well as coordination， of State-owned and non-Stateowned sectors is an indispensable prerequisite of China’s remarkable economic growth. This is how China was able to break the US’ monopoly in manufacturing， he said.

“US ruling on solar panels ‘unreasonable’”

China on May 18 rejected a US anti-dumping ruling against Chinese solar power equipment， calling it “unfair”and “unreasonable”， as Chinese manufacturers warned that possible higher tariffs might hurt efforts to promote clean energy， China Daily reported.

Shen Danyang， spokesman for the Ministry of Commerce， condemned the US anti-dumping tariffs as trade protectionism.

“By deliberately provoking trade friction in the clean energy sector， the United States is sending the world a negative signal about trade protectionism，” Shen said in a statement.

“Leading China indicators signal economic uptick”

Leading indicators in China are already showing signs of an uptick in the economy， a senior statistics official said， in stark contrast to downgrades of growth estimates by investment banks after disappointing data， according to Agencies.

“Forward-looking indicators are starting to recover. At least we can say in the future， the Chinese economy will not have a sharp slowdown，” said Pan Jiancheng， deputy director-general at the China Economic Monitoring Analysis Center under the National Bureau of Statistics (NBS).

Pan pointed to an uptick on a monthly basis in leading indicators such as the new orders and input purchasing sub-indexes in the NBS’ Purchasing Manager Index， as against a slide in manufacturing output， which measures past economic performance.