Quake
A quake registered 8 on the Richter scale hitted Wenchuan on May 12,2008.The quake brought so huge loss for people’s life and treasure that it aroused attention from all over the world to Wenchuan.

Our government at different levels reponsed to the quake very quickly,all kinds of rescuing work were organized effectively at once,especially,premier Wenjiabao arrived at disaster areas on the very day and spent 88 hours in those areas. At the same time,compatriots,including overseas chinese,all have tried their best to help those people in the disaster areas with various ways,this catastrophe made us feel strongly a spirit of chinese again,that is the spirit of facing difficulties bravely and helping each other selflessly. In addtion,many foreign governments and international friends provided their donations for us , many professional rescuing teams of abundant experience were dispatched to the disaster areas.We also noticed the opening attitude of China government to the report of this accident, it is a hugh progress compared with previous time. (more…)

China will face pressure to cut interest rates until the beginning of next year, Zhou Xiaochuan, governor of the People’s Bank of China (PBOC), the central bank, said yesterday.

“From now until the beginning of next year is full of interest rate cut pressure,” Zhou said in Hong Kong, where the Financial Stability Forum is meeting. (more…)

BEIJING, Dec. 16 (Xinhua) — Chinese Premier Wen Jiabao said here Tuesday in response to the global financial crisis, China will focus on expanding domestic demand as an effective way to stimulate economic growth. (more…)

Source: CCTV.com | 12-13-2008 08:59
Special Report: Tripartite Summit

Leaders of China, Japan, and the Republic of Korea are scheduled to meet and
discuss measures to deal with the global financial crisis.

A Japanese policeman guards outside the Kyushu National
Museum,
the venue for a tripartite summit of China,
Japan and South Korea, in
Fukuoka, Japan, Dec. 12, 2008.
Chinese Premier Wen Jiabao, Japanese Prime
Minister Taro
Aso and South Korean President Lee Myung-bak will attend
the
summit scheduled for Dec. 13 in Fukuoka.(Xinhua Photo)
The summit
is scheduled for Saturday in the southern Japanese city of Dazaifu in Fukuoka
prefecture.
Chinese Premier Wen Jiabao, Japanese Prime Minister Taro Aso,
and South Korean President Lee Myung-bak will attend the meeting, which aims to
strengthen cooperation and coordination between the three countries.

The
leaders will also hold bilateral talks.

The continuous observation of economic relations between both regions is of crucial importance for Hong Kong. In particular, economic relations will be one of the major topics addressed by the Master in European Studies and Sino-European Relations to be launched by the GIS Department in September 2004. Close connections are established in this respect with European economic interests in Hong Kong. Specific research activities will be organised in the coming years. (more…)