Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

9/10/2012 (1 year ago)

Catholic Online (www.catholic.org)

Chinese President Hu Jintao says his nation will continue robust growth

Chinese President Hu Jintao, speaking at the Asia-Pacific Economic Cooperation, or APEC conference said his country will play a role in helping deepen cooperation between the organization's 21 members by rebalancing its economy to improve the chances of a global economic recovery. Hu warned about the state of the global economy, urging countries at summit to protect their interests by forging deeper regional economic ties.

Many were aware of Russian president Vladimir Putin's limp at the APEC summit. His representatives maintain that he was in good health.

Many were aware of Russian president Vladimir Putin's limp at the APEC summit. His representatives maintain that he was in good health.

Highlights

By Catholic Online (NEWS CONSORTIUM)

Catholic Online (www.catholic.org)

9/10/2012 (1 year ago)

Published in Asia Pacific

Keywords: APEC conference, regional growth, China, Russia


LOS ANGELES, CA (Catholic Online) - "The world economy today is recovering slowly, and there are still some destabilizing factors and uncertainties. The underlying impact of the international financial crisis is far from over," Hu said in a speech before the summit.

"We will work to maintain the balance between keeping steady and robust growth, adjusting the economic structure and managing inflation expectations. We will boost domestic demand and maintain steady and robust growth as well as basic price stability," he said.

Russian President Vladimir Putin had also expressed concern about the world economy last week. In particular, he is concerned about Europe's debt crisis, as he prepared to host the annual APEC summit in the Pacific port city of Vladivostok.

China's economy remains dominant in Asia and it is essential to Russia's decision to look eastwards as it seeks to develop its own economy.  

Hu also announced a $157 billion government spending drive to boost infrastructure in agriculture, energy, railways and roads as well as pledging his country's support for greater trade liberalization.

"We should improve and explore new mechanisms for infrastructure investment and financing, and encourage participation in infrastructure development by various actors," he said.

Hu steps down as China's top leader in the autumn after a Communist Party congress. Putin has just begun a new six-year term as the president of Russia. Putin says that Russia would be a stable energy supplier and a gateway to Europe for Asian countries. He also pledged to develop his country's transport network.

Analysts say that Russia sees the summit as a chance to make a shift away from Europe, increasing political and economic links with countries in Asia that are showing relatively strong economic growth while Europe continues to struggles with its debt crisis.

APEC, which also includes the United States, Japan, South Korea, Indonesia and Canada, groups countries around the Pacific Rim which account for 40 percent of the world's population, 54 percent of its economic output and 44 percent of trade.

Boosting trade and growth is vital for APEC as a whole as it tries to remove trade barriers that hinder investment.

.

---


Pope Francis: end world hunger through 'Prayer and Action'


© 2014 - Distributed by THE NEWS CONSORTIUM

Pope Francis Prayer Intentions for July 2014
Sports:
That sports may always be occasions of human fraternity and growth.
Lay Missionaries: That the Holy Spirit may support the work of the laity who proclaim the Gospel in the poorest countries.



Comments


More Asia Pacific

NATIONAL DISGRACE: India is home to one in three of all forced child marriages Watch

Image of In rural Indian villages, there are very real concerns about the safety of girls. If a girl is married off early, the strained logic is that her husband can protect her. She is treated as property.

By Catholic Online (NEWS CONSORTIUM)

It's a national shame for Southeast Asia's economic powerhouse: One in all three forced child marriages in the world is in India. It's a regional shame as well, as a new UNICEF study has proved almost half of all child marriages are in South Asia. LOS ANGELES, ... continue reading


Men outnumber women in India, Nepal and Bangladesh new study says Watch

Image of The ratio of women to men in India continues to decrease, a new report from the United Nations says, and it is expected to continue to decrease in the future.

By Catholic Online (NEWS CONSORTIUM)

A United Nations report, released on July 22, says that India needs to take urgent action following a sharp decline in its child sex ratio. LOS ANGELES, CA (Catholic Online) - The "Sex Ratios and Gender-Biased Sex Selection: History, Debate and Future Directions" ... continue reading


DEATH INDUSTRY: Pakistan's stone crushing factories take toll on workers Watch

Image of Lack of dust control systems at stone-crushing factories mean silica dust will also affect people in nearby areas. In fact, most crushing units are located in or near residential areas.

By Catholic Online (NEWS CONSORTIUM)

Any type of industry in developing nations are usually seen as good things, but this is not always the case. Pakistan's stone crushing factories, which exist far and away from any sort of regulatory and safety laws, claim the lives of many of its laborers. Dust ... continue reading


CRY FOR JUSTICE: Filipino women demand stronger voice in governments Watch

Image of It is not surprising to see young indigenous women in the Philippines being forced to marry men six times their age in arranged marriages.

By Froilyn Mendoza, Thomson Reuters Foundation

When the government of the Philippines (GPH) and the Moro Islamic Liberation Front (MILF) signed the Framework Agreement on the Bangsamoro on October 15, 2012, many rejoiced. A peace deal seemed finally to have ended the four-decade conflict between the Government and ... continue reading


British nun who founded order in India declared Venerable by Pope Watch

Image of Mother Mary Veronica's Cause for Canonization was opened at the request of her order in 1997.

By Catholic Online (NEWS CONSORTIUM)

Pope Francis, for the second time in less than a month, has moved a British woman closer to canonization. His gesture for Mother Mary Veronica of the Passion, a Carmelite nun, comes mere weeks after he declared Frances Taylor, a nurse who served with Florence ... continue reading


Only one hospital in China would remove this 33 pound tumor! Watch

Image of 11-year-old Han Bingbing underwent eight hours of surgery to remove a 33 pound tumor from her abdomen.

By Catholic Online (NEWS CONSORTIUM)

An 11-year-old Chinese girl has undergone a successful operation to remove a 33 pound tumor from her abdomen. LOS ANGELES, CA (Catholic Online) - Han Bingbing, from Heilongjiang in north-east China, underwent eight hours of surgery to remove an intraperitoneal tumor, ... continue reading


BREAKING NEWS: 295 people killed after Malaysia Airlines passenger jet shot down over Ukraine Watch

Image of There are multiple reports that the plane was shot down at cruising altitude. Anton Gerashenko, an adviser to Ukraine's Interior Minister told The Associated press that the plane, confirmed that the plane was shot down.

By Catholic Online (NEWS CONSORTIUM)

There's shocking news near the Ukrainian-Russian border today. A Malaysian Airlines passenger plane with 295 aboard - 280 passengers, and 15 crew, has been shot down by a surface-to-air missile in Ukraine near the Russian border. Everyone on board was killed. ... continue reading


Indian orphanage refuses to expel 23 students who are HIV positive Watch

Image of The headmaster of Our Lady of Fatima School in Rivona, south Goa says he will not expel HIV-positive students.

By Catholic Online (NEWS CONSORTIUM)

Refusing to bow to public pressure, a Catholic school in Goa, India says it will not remove 23 students from an orphanage that caters mainly to HIV positive children. "We are caught in a situation where we have to follow the rules, and at the same time are ... continue reading


Anti-Vietnamese tension rides high in Cambodia Watch

Image of Cambodian Deputy Sokha has blamed the Vietnamese for masterminding a 2010 Water Festival stampede in which more than 350 people died.

By Catholic Online (NEWS CONSORTIUM)

Southeast Asia has recently been plagued with hate crime and intolerance against ethnic and religious minorities. The one seeming exception seems to be Cambodia, where threats against minorities are relatively rare. However, anti-Vietnamese tensions have been ... continue reading


The Philippines wait with dread as massive storm head to capital Watch

Image of Typhoon Rammasun is expected to hit Manilla on July 16, devastating a country that is still recovering from last year's Typhoon Haiyan, which killed 6,100 people and left millions homeless.

By Catholic Online (NEWS CONSORTIUM)

Thousands have fled in the Philippines as the strongest typhoon this year hit the country on July 15. LOS ANGELES, CA (Catholic Online) - Typhoon Rammasun toppled trees and cut power as it cut a swath of destruction towards the capital of Manila, devastating a country ... continue reading


All Asia Pacific News

Newsletters

Newsletter Sign Up icon

Stay up to date with the latest news, information, and special offers

Daily Readings

Reading 1, Song of Songs 3:1-4
1 On my bed at night I sought the man who is my ... Read More

Psalm, Psalms 63:2, 3-4, 5-6, 8-9
2 Thus I have gazed on you in the sanctuary, seeing ... Read More

Gospel, John 20:1-2, 11-18
1 It was very early on the first day of the week and ... Read More

Saint of the Day

Saint of the Day for July 22nd, 2014 Image

St. Mary Magdelene
July 22: She is called "the Penitent". St. Mary was given the ... Read More

Inform, Inspire & Ignite Logo

Find Catholic Online on Facebook and get updates right in your live feed.

Become a fan of Catholic Online on Facebook


Follow Catholic Online on Twitter and get News and Product updates.

Follow us on Twitter