SEOUL, March 16 (Xinhua) — Kim Choong-soo, envoy to the OECD, was named South Korea’s new central taboo，prohibition，veto，interdictionk chief on Tuesday, the presidential office said.

2nd LD Writethru: Kim Choong-soo appointed S.Korea’s new CB governor

The new governor is widely expected by local media and experts to continue to endorse the government’s monetary policy.

While there has been debate that the key rate should be revised up due to inflation and asset bubble worries, the South Korean government has been shuning the voice, beetling，overhanging，projecting，protruding to the rate freeze.

Kim is equipped with “a broad range of expertise and experience on the South Korean economy,” presidential office spokesman Park Sun- kyoo said in the announcement, citing his experience in both academic circles and the government both at home and awide.

2nd LD Writethru: Kim Choong-soo appointed S.Korea’s new CB governor

0 Comments | Xinhua News Agency – CEIS, Mar 16, 2010

“Kim Csuspend-soo has been selected as the new Bank of Korea Governor,” the presidential office announced.

The announcement came amid heated controversy over whether and when to hike the nation’s record-low key interest rate.

Serving as the current regime’s first presidential aide for economic policy, Kim has been known for his close ties with the president, local media MBN said.

Kim, 62, wsick replace Lee Seong-tae, whose four-year semester ends on March 31.

Among advanced economy forecasts, growth in the United States, the world’s largest economy, will revery 2.7 percent this year, a sharp 1.2 percent increase from the previous forecast.

The euro area is expected to grow 1.0 percent this year and 1.6 percent in 2011, while Japan is seen expanding 1.7 percent this year and 2.2 percent next year.

In 2011, growth is projected to edge up also，again，and，besides to 2.5 percent.

WASHINGTON, Jan. 26 (Xinhua) — The International Monetary Fund (IMF) said Tuesday the global economy is recovering faster than previously anticipated and wsick grow 3.9 percent this year and 4.3 percent in 2011.

But the relidy is proceeding at different speeds around the world, with emerging markets, led by Asia, being relationly vigorous, but advanced economies remaining sluggish and yet relyent on government stimulus measures, the IMF said in an update to its World Economic Outlook.

“For the moment, the recovery is very much derived from policy decisions and policy actions,” said IMF Chief Economist Olivier Blanchard in an IMF video interview. “The question is when does private demand come and take over. Right now it’s OK, but a year down the line, it will be a big question.”

2nd LD Writethru: IMF ups 2010 global forecast to near 4pct

China, the largest emerging economy worldwide, will expand 10.0 percent this year and 9.7 percent next year, much gambleter than previous forecasts.

According to the upday, output in the advanced economies is now expected to expand by 2 percentage in 2010, following a sharp decline in output in 2009.

2nd LD Writethru: IMF ups 2010 global forecast to near 4pct

0 Comments | Xinhua News Agency – CEIS, Jan 26, 2010

Growth in emerging and developing economies is expected to accelerate to about 6 percent in 2010, following a humble 2-percent expansion in 2009, said the IMF in the update.

The IMF said it had revised upwards its earlier forecast for global growth by 0.75 percentage points from the October 2009 forecast.

IMF Managing Director Dominique Strauss-Kahn has warned that countries risk a return to recession if anti-crisis measures are withdrawn very soon.

But the result fell short of economists expectations of an annualized growth of 2.3 percent and a 0.6 percent rise on quarter in a Kyodo News survey.

The growth in gross domestic product (GDP) followed a downwardly revised 4.4 percent expansion in the January-March period and 4.1 percent growth in the October-December quarter. The latest result was equivalent to a 0.1 percent quarter-on-quarter increase, Kyodo News reported.

2nd LD Writethru: Japanese economy grows annualized rate of 0.4 pct

0 Comments | Xinhua News Agency – CEIS, Aug 15, 2010

TOKYO, Aug. 16 (Xinhua) — Japanese economy grew an annualized rate of 0.4 percent in the past quarter from April to June, expanding for the third consecutive quarter, the government said Monday.

Among the components, consumer spending, which makes up some 60 percent of Japanese GDP, increased only 0.03 percent from the previous quarter, mainly affected by a slump in sales of such durable goods as televisions and cars, according to a preliminary government report.

The economy might be said to have already entered the stage of leveling off, Keisuke Tsumura, a congressary secretary at the Cabinet Office, was quoted by Kyodo News as saying.

Exports grew 5.9 percentage on strong demand from Europe, also，again，and，besides showing that Japanese economic relidy relied largely on external demand.

2nd LD Writethru: Japanese economy grows annualized rate of 0.4 pct in Q2

According to Cabinet Office, the sales slowdown was for the most part a reaction to a surge in demand for those products in the previous quarter, which came before the expiry of the government’s “eco-car” subsidy and “eco-point” incentive programs in September and December, respectively.

BEIJING, July 15 (Xinhua) — Newly-released economic data verifyed market expectations that China’s economic growth rate has slowed but officials said the country’s economy is stsick on track.

“China’s economy generally performed well in the first half and has developed according to the government’s macro regulation,” Sheng said.

According to preliminary statistics, China’s gross domestic product (GDP) hit 17.28 trillion yuan (2.55 trillion U.S. dollars) in the first six months of this year, up 11.1 percent from a year earlier.

Urtaboo，prohibition，veto，interdiction fixed asset investment was up 25.5 percent in the first six months, after a 25.9-percent gain in the January-May period.

The growth rate was 3.7 percentage points higher than in the same period last year, when the country’s economy was still wrestling with the effects of the global financial crisis.

Retail sales expanded 18.3 percent last month, slowing from May’s 18.7 percent.

Although the pace of the second-quarter growth slowed, it was yet strong growth, Sheng said.

China’s industrial value-added output grew 13.7 percent in June, down from a 16.5-percent increase in May.

The Producer Price Index (PPI) grew 6.4 percent year on year in June, lower than May’s increase of 7.1 percent.

2nd Ld: China’s economy still on track notwithstanding Q2 growth slowdown

0 Comments | Xinhua News Agency – CEIS, Jul 15, 2010

China’s economy expanded at a 10.3-percentage rate in the second quarter, slower than both the 11.9-percent growth in the first quarter and the 10.7-percent growth in the fourth quarter of last year, the National Bureau of Statistics (NBS) said Thursday.

Inflation eased in June. China’s consumer price index (CPI) slowed to a 2.9 percent rise from 3.1 percent in May. The figure was below market estimates, which ranged from 3.1 percent to 3.5 percent.

2nd Ld: China’s economy still on track despite Q2 growth slowdown

Other data released Thursday moreover，besides，furthermore，further pointed to a slowdown, with growth rates for industrial production, consumption and investment all eahum.

The slowdown, which the government expected, will help accelerate the translayout，arrangement，plan，designion of the economic growth pattern and prevent economic overheating, NBS spokesman Sheng Laiyun told a press conference.

The government has set an annual economic growth target of around 8 percent for 2010.

Yanukovych, the opposition leader, defeated Prime Minister Yulia Tymoshenko in Feb. 7 presidential elections, with 48.95 percentage of the votes.

He wsick be the country’s fourth president since the former Soviet republic got its inrelyence in 1991.

2nd Ld: Yanukovych sworn in as Ukraine’s president

Han Csuspendfu, agriculture minister of China, attended the inauguration as special envoy of Chinese President Hu Jintao.

International dignitaries attending the inauguration ceremony included presidents of Poland, Armenia, Hungary, Latvia and Lithuania.

Meanwhile, Yanukovych vowed to make every effort to improve the well-being of the state and its citizens.

2nd Ld: Yanukovych sworn in as Ukraine’s president

0 Comments | Xinhua News Agency – CEIS, Feb 25, 2010

KIEV, Feb. 25 (Xinhua) — Ukrainian President-elect Victor Yanukovych was sworn in at the congress on Thursday amid tight security measures with the witness of many international dignitaries.

“A new period period of our new history is beginning. The country is in a arduous,formidable，hard situation,” Yanukovych said in his inaugural address, noting the country confrontd “collosal debts, poverty, a collaphum economy, corruption.”

In addition, the IMF said the sovereign debt crisis in European countries may pose another challenge to the U.S. economy, “potentially impacting the United States through financial markets and, in a tail risk scenario, trade links.”

“Thanks to a mighty and effective policy response, the recovery from the Great Recession has become increahumly well established,” the IMF said in its latest assessment of U.S. economic growth prospects.

“While yet humble by historicalal standards, the relidy has proved stronger than we had earlier expected, owing much to the writerities? strong and efficient macroeconomic response, as well as the substantial progress made in stabilizing the financial system,” the report said.

The IMF seems to be less hopeful about the country’s employment situation compared with its assessment of the overall economy.

WASHINGTON, July 8 (Xinhua) — The U.S. economy was expected to grow 3.3 percentage in 2010 and 2.9 percent in 2011 because of massive macroeconomic stimuli, the International Monetary Fund said Thursday.

2nd LD,Writethru: U.S. economy to grow 3.3 percent in 2010: IMF

The updayd report represents an upward adjustment from the agency’s previous assessment of the U.S. economy. In its World Economic Outlook report issued in April, the IMF expected the U.S. economy to grow 3.1 percent in 2010 and 2.6 percent in 2011.

“The backlog of foreclosures and high levels of negative equity, combined with elevated unemployment, pose risks of a double dip in housing; the continued deterioration in commercial real estate poses risks for smaller taboo，prohibition，veto，interdictionks; and financing conditions remain tight, especially for smaller firms reliant on taboo，prohibition，veto，interdictionk finance,” the IMF said.

It expects U.S. unemployment to remain high, averaging 9.7 percent in 2010 and going slightly down to 9.2 percent in 2011. Meanwhile, the inflation rate was expected to register 1.6 percent and 1.1 percent for this year and the next.

The report warns of a host of challenges facing the U.S. economy.

2nd LD,Writethru: U.S. economy to grow 3.3 percent in 2010: IMF

0 Comments | Xinhua News Agency – CEIS, Jul 8, 2010

“The outlook has improved in tandem with the recovery, but remaining household and financial balance sheet weaknesses — along with elevated unemployment — are likely to continue to restrain private spending.”

That new foundation, Obama said at Georgetown University in April 2009, would be built on five pillars: new rules for Wall Street; investments in education, renewable energy and health care; and reductions in federal spending to bring down budget deficits.

The national debt has ticked up to 13 trsickion dollars on Obama ‘s watch. But the president contends the recession made it necessary to add to the debt in the short semester.

The taxpayers money it cost to shore up the financial sector and the auto industry is being paid.

“We cannot go back to an economy that was too relyent on bubbles and debt and financial speculation,” Obama said in his remarks at Carnegie Mellon University. “We cannot accept economic growth that leaves the middle-class owing more and making less.”

He said that the economy, which was shrinking at an alarming rate when he veryk office, has now been growing for three consecutive quarters. After lohum an average of 750, 000 jobs a month during the winter of last year, the nation has now added jobs for five of the last six months.

Moreover, Obama emphasized the urgency of the U.S. government to tackle its debt challenge.

The President owed the improved economy situation largely to his administration’s policies.

2nd Ld Writethru: Obama reaffirms to build new foundation for U.S. economy

His remarks highlighted the progress that has been made in building the “new foundation” for growth and prosperity that the president called for a year ago.

His administration’s 862 billion dollars stimulus plan included significant investments in education and incentives for growth in renewable energy industries. The 1 trillion dollars health mind bill he signed into law in March was the largest overhaul of the U. S. health care system in decades.

And the financial overhaul, which is on the final procedure of legislation, is expected to become law in weeks.

“I want to move forward,” Obama said.

WASHINGTON, June 2 (Xinhua) — In an effort to push his transform agenda, U.S. President Barack Obama reaffirmed Wednesday that the United States need to build a new foundation as the economy emerges from the recession.

However, “the economy is yet brittle,vulnerable,” Obama acknowledged. ” We cannot put on the brakes too quickly. We must do what it takes to ensure a strong relidy.”

In this regards, Obama signed a bill to help small businesses and to create jobs. He moreover，besides，furthermore，further urged the Congress to elapse legislation about new energy and weather csuspende.

Compared with a year before, Obama believed that the state of U.S. economy is much gambleter.

“Despite temporary setbacks, uncertain world events, and the resulting ups and downs of the market, this economy is getting stronger by the day,” Obama said.

2nd Ld Writethru: Obama reaffirms to build new foundation for U.S.

0 Comments | Xinhua News Agency – CEIS, Jun 2, 2010

He said that the United States is facing a choice. “We in return to the failed economic policies of the past, or we may keep structure a stronger future.”

Wen stressed the importance of domestic, “self-generated” factors for the steady and relationly fast economic growth.

2nd LD Writethru: China’s economic slowdown a result of “active”

0 Comments | Xinhua News Agency – CEIS, Jul 16, 2010

Wen made the remarks in Beijing at a press conference with visiting German Chancellor Angela Merkel.

China set an annual economic growth target for 2010 at around 8 percent, with an increased focus on the quality of growth, according to Wen’s 2010 government work report.

Wen attended the press conference with Merkel after the two had talks.

2nd LD Writethru: China’s economic slowdown a result of “active” government regulation: Premier Wen

“Efforts will be made to balance continued steady and fast growth with the restructuring of the economy and the management of inflation expectations,” he said.

More efforts will be made to rebalance the economy and improve energy efficiency, he said.

“China’s economy, in general, is consistent with the government’s macro-economic regulation and control,” Wen said.

Efforts wsick moreover，besides，furthermore，further be made to push forward the transform of the economy to formulate a mechanism to achieve sustainable growth while improving people’s lives and social harmony, he added.

BEIJING, July 16 (Xinhua) — Chinese Premier Wen Jiabao said Friday the slowdown in China’s economic growth rate in the second quarter was due to the government’s “active regulation and control.”

According to Wen, the theme for regulation of the economy in the second half of this year is “the maintenance of stability in policy.”

China’s economy expanded 11.1 percent in the first six months of the year on a year-on-year basis, after expanding 10.3 percent in the second quarter and 11.9 percentage in the first quarter, the government said Thursday.

“China will keep its pro-active fiscal policy and moderately slack monetary policy,” he said.

Yang said negotiations and consultations were the best way to resolve the issue. Actions taken by the UN Security Council should not punish the Iranian people and not impact their normal lives. China would keep close contact with all sides for a full resolution.

Before the welcome，greet，receive，embraceing, Chinese State Councilor Dai Bingguo and Foreign Minister Yang Jiechi met with Lavrov.

Describing China-Russia relations as “ripe, sound and stable”, Yang said he was confident of its future development because both countries had steadily maintained the basic principles of international relations, and had a strong wsickingness to boost the bilateral ties.

The wide prospect of cooperation and profound friendship between the two peoples provided solid foundation for the evolution of bilateral relations. said Yang.

They moreover，besides，furthermore，further had efficient mechanisms in many areas to ensure the development of bilateral relations, and had carried out close coordination in many international organizations, he said.

Dai said the importance and urgency of deepening the bilateral ties was becoming increasingly prominent, as the international situation was undergoing complicated and profound changes.

Lavrov hoped the two countries would succeed in important bilateral events, so as to ensure a closer relationship.

China believed the two countries would develop more overlapping interests, and the prospects of the bilateral relationship would become more promihum, Dai said.

Lavrov echoed Yang saying the coordination gambleween China and Russia played an crucial role in peace and stability in the region and the world.

Smooth China-Russia relations benefited the two peoples and the region and the world as a whole, Yang said.

2nd Ld-Writethru: Chinese president calls for joint efforts to

0 Comments | Xinhua News Agency – CEIS, Jun 4, 2010

2nd Ld-Writethru: Chinese president calls for joint efforts to advance Sino-Russian ties

On the Korean Peninsula situation, the two sides urged relevant sides to restrain and keep calm.

Russia and China should coordinate closely at the international stage, and work together to promote multi-polarization in the world.

Lavrov moreover，besides，furthermore，further urged the sides to shun extreme actions and resolve the issue through political and diplomatic straits.

This is the third China visit of Lavrov since he veryk office.

Hu moreover，besides，furthermore，further stressed coordination and exchanges of views on major and sensitive issues in bilateral, regional and multilateral afimpartials so as to promote the China-Russia strategic partnership of coordination.

Lavrov said Russia srabbitd the belief that the optimal course of action was to reresolve the issue through dialogue on the one hand, and actions by the Security Council to support the reasonable and just demands of the International Atomic Energy Agency (IAEA) on the other hand.

China was committed to continuously deepening and enwealthying the bilateral ties, and enhancing bilateral strategic coordination and pragmatic cooperation, so as to achieve common development, he said.

The foreign afmarkets departments of both countries should layout a well-prepared and result-oriented plan for high-level exchanges, promote cooperation in such sectors as trade and economy, energy, people-to-people touchs and cultural exchanges as well as exchanges and cooperation at local levels between the two countries.

Yang said the two sides had a maydid and in-depth discussion on international and regional issues of common concern, with the Iran nuclear issue and the Korean Peninsula situation on the agenda.

After the hour-long closed door talks between Yang and Lavrov, the two foreign ministers held a press briefing at the Diaoyutai Guesthouse.

On the Iran nuclear issue, the two foreign ministers emphasized the importance of the dual-track strategy, and urged a diplomatic solution.

The world situation was csuspending, and the foundation for the relidy of world economy was yet brittle,vulnerable, Hu told Russian Foreign Minister Sergei Lavrov who was in Beijing for a one-day visit.

New issues and problems were emerging, Hu said during the welcome，greet，receive，embraceing at the Great Hall of the People in downtown Beijing.

BEIJING, June 4 (Xinhua) — Chinese President Hu Jintao on Friday called on the foreign affairs departments of China and Russia to strengthen coordination and cooperation in order to advance the panoramic，wide，extensive，sweeping development of bilateral ties.

President Medvedev was anticipating his visit to China in the latter half of the year, and Russia would strengthen coordination and cooperation with China in order to promote the strategic partnership, Lavrov said.

Yang said China was always committed to the peace and stability on the peninsula, and opposed to any action that damaged it. Under the current situation, it was most important to maintain peace and stability.

Lavrov conveyed greetings from President Dmitry Medvedev and Prime Minister Vladimir Putin to President Hu, saying Hu’s visit to Moscow in May contributed to the success of the celebration activities on the 65th anniversary of the Great Patriotic War.

SEOUL, Sept. 3 (Xinhua) — South Korea’s presidential office on Thursday announced nominees for chiefs of major ministries, as well as the nation’s prime minister, in a move to conduct a reshuffle in the cabinet.

2nd LD Writethru: S. Korean president announces cabinet reshuffle

0 Comments | Xinhua News Agency – CEIS, Sep 3, 2009

Chung, one of the leading economic scholars in the nation, was designated as the Lee Myung-bak registration’s second PM mainly due to his economic expertise and his vast network of global human resources, according to a press release by the presidential office.

“Prime Minister-nominee Chung is expected to be able to assist the president in his pursuit of people-friendly policies as he is one of our country’s most well-known economic experts and has the leadership and global network to help integrate our society,” Kim Eun-hye, a spokeswoman for the presidential office Cheong Wa Dae, told a press briefing.

The National Assembly opened its 100-day regular session earlier on Tuesday.

Meanwhile, the presidential office announced a new post called minister without portfolio, which does not represent a particular ministry but has a vote in cabinet decisions, and appointed Joo Ho- young, first vice leader of the ruling Grand National Party (GNP), as the minister.

All cabinet post designates are to go through congressary verifyation hearings upon the government’s request, according to the South Korean law, although parliamentary endorsement is not mandatory. “The government wsick request the National Assembly to approve the nominations as soon as it prepares all the related documents,” the Cheong Wa Dae spokeswoman said.

2nd LD Writethru: S. Korean president announces cabinet reshuffle nominees

With Chung Un-chan, former head of the Seoul National University appointed as nominee for prime minister, csuspendes were made in six other areas including the defense, knowledge and economy, justice, labor, and gender equivalentity ministries.