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JAN. 2013 No. 530 Sponsored by CCPIT Since 1956 CHINA’S F REIGN TRADE SPECIAL REPORT China Set Economic Goals for 2013 SURVEY China’s Health Care Reform Benefits Pharma Companies Chui Bing Sun, Chairman of Sage International Group LTD. 国内邮发代号:80-799 国际邮发代号:SM1581 国内刊号:CN11-1020/F 国际刊号:ISSN0009-4498 http://www.ccpit.org POLICIES China targets emerging sectors for quality growth Built with an investment of 430 mil- lion yuan ($68.8 million), the 5-km overpass China will strengthen opened to traffic in late 2010 and spans the its efforts to spur emerg- largest inner city wetland in China — the ing sectors for quality, Longfeng Wetland Nature Reserve, located efficient and sustainable near the city of Daqing, known as China’s first economic growth in 2013, oil production base. the country’s top econom- In the 1960s, roads were built directly on ic planner said on Dec. the wetland so people could reach the oil fields 18, 2012. Xinhua News faster, which, however, threatened the local Agency reported. ecosystem. Zhang Ping, head of Since the bridge has been constructed, the National Development birds have returned and plants are growing and Reform Commission, again. A total of 76 species of birds are cur- said China will implement favorable policies and initiate pilot programs for strategic rently living within the wetland area, including emerging industries in 2013. five species under first-level national protec- The country will further take advantage of the driving force provided by in- tion. novation by promulgating development plans for biotechnology and satellite naviga- Authorities highlighted the need to pro- tion in 2013. mote ecological progress and gave it a more It will also encourage enterprises to increase expenditures on research and de- prominent position by incorporating it into the velopment and initiate major projects on medical apparatus and instruments, high- country’s overall development plan last month end equipment and new materials, Zhang said. when the governing Communist Party of However, this is only part of the efforts to achieve a new economic growth pat- China (CPC) convened a national congress. tern, which will take enhancing the quality and efficiency of economic growth as The country has pledged to support the de- a central task, according to a central economic work conference held during Dec. velopment of energy-efficient and low-carbon 15-16, 2012. industries, new energy sources and renewable To realize the goal, China will strive to reduce its industrial overcapacity, boost energy sources, which requires huge invest- the tertiary industry, step up the exploitation of new and renewable resources and ment. improve infrastructure in rural and urban areas, the NDRC said. Govt announces measures to China invests big in ecological progress boost PV industry A viaduct built over a wetland in northeast China’s Heilongjiang Province to The State Council, or China’s cabinet, on make way for wildlife has been described as a “green bridge” by local residents, Dec. 19, 2012 announced a range of measures Xinhua reported. intended to boost the country’s struggling FIGURES saw revenues rise 13.4 percent designed to support its western devel- 200 bln year on year to hit 2.1 trillion yuan opment strategy in 2012, the country’s The output value of China’s ($333.99 billion) between January and top economic planner said. geographic information industry November 2012. is expected to reach 200 billion 2nd yuan ($31.8 billion) by the end of 577.8 bln 2012. A second cross-border railway to China invested Kazakhstan opened on Dec. 22, 2012 577.8 billion yuan linking China’s northwest Xinjiang 2.1 trln ($91.91 billion) Uygur autonomous region and the cen- China’s catering industry in new projects tral Asian country. 2 QUOTES photovoltaic (PV) industry, which has been plagued by excessive capacity and “China to continue reform and opening-up” obstacles in overseas expansion, accord- “The central ing to Xinhua. committee of our China will accelerate structural Party made the right adjustments and technological improve- decision in starting ments in the sector, as well as encourage reform and opening- mergers and restructuring among manu- up,” Xi Jinping, facturers to phase out outdated capacity, General Secretary the cabinet said in a statement released of the Communist after an executive meeting presided over Party of China Cen- by Premier Wen Jiabao. tral Committee, told China will strictly control the ap- residents and tourists proval of new projects that produce in Shenzhen during a polysilicon, PV cells and other related five-day tour of South components, the statement said. China’s Guangdong The State Council said China will Province, according to Xinhua. enhance coordination between PV “We will follow this proven path and continue to develop our country and power generators and on-grid service improve living standards.” providers, as well as encourage the ap- “We will promote reform in more fields,” he said after laying a wreath in plication of distributed power generation front of a statue of Deng Xiaoping. in local communities. “Our country’s reform has entered a crucial and delicate stage, which re- The statement said China will im- quires us to have more political courage and wisdom and seize opportunities to prove its support policies, which include enhance reforms in important sectors,” Xi said. setting on-grid electricity prices accord- ing to local conditions and subsidizing the usage of PV-generated power. “Chinese economy not to witness a hard landing” The cabinet also promised to give The Chinese economy will not witness a hard landing, Stephen Green, head more play to market forces and re- of Greater China research at Standard Chartered Bank, was quoted as saying by duce government interference in the Xinhua. sector. He said that both the central and local government projects are going up this China’s PV industry has had dif- year, compared with a decline since around 2008, and at the same time, the real ficulty selling products overseas due to credit sector is also witnessing growth, implying that investment activity will anti-dumping probes initiated by the pick up. United States and Europe. 3.4% in 2013 as the drag from exports abates, according to a forecast of the China’s oil demand will grow by 3.4 per- International Monetary Fund (IMF). cent year on year in 2013, global banking giant Deutsche Bank (DB) forecast in its report. 522.9 bln 3% China’s new yuan-denominated lending reached 522.9 billion yuan The GDP growth rate of China’s Hong ($83 billion) in Nov., down 40 billion Kong Special Administrative Region (SAR) is yuan year on year, the People’s Bank expected to pick up pace to around 3 percent of China announced. 3 POLICIES Visa policy to lure extra 2m overseas tourists To make it easier for them to explore the city, information desks have already been Beijing officials are expecting at least 2 million more overseas visitors to the established around the capital as well as at the capital in 2013 as a result of their decision to ease visa requirements for foreigners airport. More printed information, including from Jan. 1, China Daily reported. travel directions to famous places of interest The new policy, which will permit visitors from 45 countries to spend 72 hours will be available on flights, Wang said. in the city without a visa, is aimed at attracting more airport transit passengers, according to Wang Yue, deputy director of the Beijing Tourism Development Com- China vows to protect foreign mittee. investors’ interests “Last year, we had 5 million transit passengers coming into Beijing, and they simply went through the airport without entering the city. China vowed to continue to protect for- “Our research shows that at least half of them would have liked to leave the eign investors’ rights and interests and their terminal and tour the city, but the visa policy in the past blocked them from doing intellectual property rights, according to a that,” Wang said. statement issued after a central economic work The new policy is expected to increase hotel bookings, as well as boost restau- conference closed, said Xinhua. rant and shopping income. The country will step up its efforts to sta- Wang said city tourism officials will be working hard to make sure what’s on bilize foreign direct investment inflows while offer will appeal to the new generation of short-term foreign visitors. expanding its outbound investment in 2013. China will also stabilize and increase its share of world markets while boosting imports to support the country’s economic restructur- ing and make its international payment more balanced, according to the two-day confer- ence, one of the nation’s most important eco- nomic events. China to develop circular economy The State Council, or China’s Cabinet, on Dec. 12, 2012 called for development of a circular economy while mapping out future tasks for boosting the country’s green growth, according to Xinhua. Establishing a circular economy is a major strategic task for China’s economic and social FIGURES 20.7 percent year on output rose 10.1 percent year on year in 21.9% year to 32.62 trillion Nov. 2012, picking up from 9.6 percent in China’s fiscal revenues grew yuan ($5.18 trillion) in October and 9.2 percent in September, the 21.9 percent year-on-year to 787.1 the first 11 months of NBS announced. billion yuan (about $125.12 bil- 2012, the National Bu- lion) in Nov. 2012, the Ministry of reau of Statistics (NBS) 14.9% Finance (MOF) said. said. Retail sales in China grew 14.2 per- cent year on year to 18.68 trillion yuan 20.7% 10.1% ($2.97 trillion) in the first 11 months of China’s fixed asset investment rose China’s value-added industrial 2012, the NBS said.