[Special Report] NPC & CPPCC Annual Sessions>>>

Chinese Commerce Minister Bo Xilai (L) and Governor of the People's Bank of China Zhou Xiaochuan laugh face-to-face during a press conference held by the Fifth Session of the Tenth National People's Congress in the Great Hall of the People in Beijing, capital of China, March 12, 2007. (Xinhua/Pang Xinglei)

Chinese Commerce Minister Bo Xilai addresses the media during a press conference held by the Fifth Session of the Tenth National People's Congress in the Great Hall of the People in Beijing, March 12, 2007. (Xinhua/Pang Xinglei)

Minister: China against tariff increase proposed by U.S. lawmakers
 
China resolutely opposes a tariff increase of 27.5 percent on Chinese goods, which was proposed by some U.S. lawmakers, Commerce Minister Bo Xilai said here Monday, adding such an increase will be destructive to healthy bilateral trade.

"If implemented, such a policy is more than protectionism and becomes hegemonism," the minister said at a press conference on the sidelines of the parliament's annual session.

Minister: China prefers to solve trade friction through consultations
 
China prefers to resort to consultation for settlement of trade friction with its trade partners rather than to the World Trade Organization (WTO), Chinese Minister of Commerce Bo Xilai said here on Monday.

Official: Obstacles by Taiwan authorities hinder talks on river sand trade with mainland
 
The obstacles set by the Taiwan authorities have hindered talks across the Taiwan Straits on the trade of natural sand, a resource Taiwan's construction industry depends heavily on the mainland to supply, Chinese Commerce Minister Bo Xilai said here on Monday.

Minister: U.S., Europe need to cut agriculture subsidy for successful Doha talks
 
Bo Xilai, China's Minister of Commerce, on Monday urged the United States and Europe to slash their domestic agriculture subsidy in a bid to ensure a successful Doha round of the World Trade Organization (WTO) talks.

Minister: African people don't welcome colonists
 
Chinese Commerce Minister Bo Xilai on Monday retorted accusations that China's cooperation with Africa is a practice of "new colonialism", saying the African people will never welcome colonialists to plunder their resources.

Governor of the People's Bank of China Zhou Xiaochuan addresses the media during a press conference held by the Fifth Session of the Tenth National People's Congress in the Great Hall of the People in Beijing, March 12, 2007. (Xinhua/Pang Xinglei)

Central bank: China's fluctuating stock prices "not macroeconomic problem"
 
The fluctuating prices on China's fledgling stock market recently are not a macroeconomic problem and should not lead to any major change of trends, said the country's central bank governor in Beijing on Monday.

Central bank: breakthrough made in reform of China's commercial banks
 

China will further push forward the reform of the financial sector on the basis of the remarkable breakthrough it has achieved in revamping its state-owned commercial banks into joint-stock lenders, said Zhou Xiaochuan, governor of the People's Bank of China here on Monday.

Top banker: time needed to tackle trade imbalance
 
It takes some time for China to gradually address its trade imbalance on the international market, Chinese top banker Zhou Xiaochuan said Monday.

Editor: Yan