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• President Hu Jintao’s Latin American Visit Reinforces Trade Links - Editor, 24 November 2008

Addressing the Peruvian congress in Lima during a state visit to Peru, China’s President Hu Jintao confirmed his intention to reinforce the rapidly growing economic, trade and diplomatic ties with South American and the Caribbean countries to the benefit of all parties. Peru was the last stop of President Hu’s three nation visit to Latin America which culminated in an Asian-Pacific summit in Lima on Saturday the 22nd and Sunday the 23rd of November.

• China Anticipates Successfully Weathering Economic Storm - Editor, 17 November 2008

In the midst of global financial turmoil, and in the wake of the G-20 summit in Washington in which China took part, the deputy central bank governor for China, Yi Gang has expressed his confidence that the country’s financial system is strong enough to ride out the tumultuous economic storm. In an article in the Communist Party’s journal ‘Seeking Truth’ (Qiushi), Yi noted that China’s banks had limited outside exposure and have, therefore, experienced minimal losses,

• China Announces Stimulus Package To Counteract Effect of Global Financial Crisis - Editor, 10 November 2008

In its biggest move yet to protect its economy from being negatively impacted by the current global financial crisis, China’s authorities have unveiled a $586 billion stimulus package. The money will be invested in developing infrastructure and social welfare by the end of 2010. The package would be focusing on ten areas, including the development of low-cost housing and the expansion of rural infrastructure. Spending will be increased on health, education and environmental protection, as well as creating new roads, airports and railways. Money will also be poured into the rebuilding of disaster areas, such as in the Sichuan Province where, in addition to the enormous loss of life, millions have been left homeless as a result of May’s earthquake.

• China and Taiwan Meet To Strengthen Economic And Trade Ties - Editor, 3 November 2008

Cross-strait economic and trade ties are in the news this week as Chen Yunlin, China’s top negotiator with Taiwan, visits the island this week to discuss matters of mutual concern. The talks will focus strictly on economic and trade cooperation between China and Taiwan, avoiding potentially volatile political issues. In June of this year, officials from both China and Taiwan agreed to set up permanent offices in each others territories, and together with this week’s meeting, these are seen as significant steps forward in the improvement of cross-strait ties.

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