BEIJING - With China's growth rate moderating, the country is confronted with a delicate balancing act in its economic restructuring and reforms, the World Bank said on Monday.  "Efforts to cut excess capacity in heavy industry, reduce supply mismatches in residential property, dampen unproductive risk taking in shadow banking and harden budget constraints on local governments will help make investment more efficient and realign growth over the medium term," the World Bank said in the East Asia Pacific Economic Update.  "However, such reforms will depress activity in the short term. It is critical that any offsetting stimulus measures be designed not to undermine restructuring efforts. In particular, any fiscal stimulus program will need to avoid unsustainable increases in local government debt," suggested the Washington-based global lender.  The Chinese economy posted a 7.4 percent growth in 2014, its weakest since 1990. The annual growth target set by the government was lowered to around 7 percent for 2015, but more stress was laid on better-quality and innovation-driven growth.  China's growth is expected to moderate to around 7 percent in the next two years, reflecting continued policy efforts to address financial vulnerabilities and gradually shift the economy to a more sustainable growth path, noted the biannual report.  As China shifts to a consumption-led, rather than an investment-led, growth model, the main challenge is to implement reforms that will ensure sustainable growth in the long run, said the World Bank.   about Us: Company:Meifeng Factory Supply portable wardrobe,metal hanger,shoe rack and other home furniture products. E-mail:factorymf@fjmf888.com webiste:www.factorymf.com

 New measures were unveiled on Thursday aimed at ensuring the quality of Chinese products sold overseas. Such merchandise has been increasingly snapped up by foreign customers but remains clouded by concerns over quality and intellectual property rights. The State Council announced the decision, which involves 10 departments, as part of a nationwide drive to crack down on violations of intellectual property rights and to target producers of counterfeit goods. A three-year plan will address key products exported to Africa, Arab nations, Latin America and countries and regions along the China-proposed Silk Road Economic Belt and 21st Century Maritime Silk Road－transcontinental initiatives prioritizing unimpeded trade and connectivity. For example, the Latin American market is a huge one for Chinese products, and improved quality would help to build Chinese brands' reputation and the country's image abroad, Chai said. Huang Wei, a researcher at the academy's Institute of World Economics and Politics, said the new measures will encourage Chinese enterprises to upgrade business and to guarantee product quality. The urgency of such a task is highlighted by the announcement of the Silk Road initiatives amid lingering concerns over dumping of Chinese products, Huang said. Despite China's progress in recent years, any negative impressions about its products and IPR records cannot be tackled overnight, and the country needs to prove itself through its actions, she said. about Us: Company:Meifeng Factory Supply portable wardrobe,metal hanger,shoe rack and other home furniture products. E-mail:factorymf@fjmf888.com webiste:www.factorymf.com

BEIJING - China's fresh resolution to seek industrial cooperation with other countries will create mutual benefits amid the feeble global economic recovery, rather than finding an outlet for polluting and outdated overcapacity. Chinese Premier Li Keqiang has announced that the country will accelerate exports of equipment and promote industrial cooperation, a move that aims to encourage Chinese enterprises to invest abroad and helps less-developed economies to modernize. After decades of rapid economic advance through opening up and reform, China has moved into the later stage of industrialization and accumulated huge capacity to churn out fundamental products including iron and steel, cement and plate glass. This infrastructure, technology and expertise, though under-utilized in China, is urgently needed in economies in the middle of industrialization. For instance, African countries which rely heavily on imports are crying out for their own factories and production lines. Chinese enterprises are willing and able to lend a helping hand. In this way, local industry will surge with employment boosted and infrastructure improved. At that point, more overseas capital can be attracted, benefitting both local people and other global investors. At the core of exporting China's equipment and extra capacity is to build a new global value chain that treats all players in the world fairly, be it developed economies or poor countries. The bottom line is the cooperation should not be interpreted as China transplanting polluting factories it no longer wants. China will not seek cooperation that sacrifices the environment or the long-term interests of its partners. China is backing up the "capacity exports" drive with an array of initiatives that will facilitate the process, including the Asian Infrastructure Investment Bank, the "Belt and Road" Asian infrastructure project and the New Development Bank. It is also imperative for China to move forward with the cooperation if a country wants to upgrade its manufacturing sector and overhaul its industrial structure. about Us: Company:Meifeng Factory Supply portable wardrobe,metal hanger,shoe rack and other home furniture products. E-mail:factorymf@fjmf888.com webiste:www.factorymf.com

 NEW DELHI - China's Alibaba group will set up a start-up incubator for mobile internet and mobile commerce in the southern Indian city Bangalore, said local daily the Times of India Wednesday.  The project will be set up with the Globals, a Bangalore-based mobile and analytics solution company, after a meeting between Alibaba chairman Jack Ma and Globals founder Suhas Gopinath.  The two companies want to focus on mobile internet as e- commerce is moving rapidly to mobile.  "It becomes easier to mentor the startups, and find the right set of funders if you have a focused incubator," the report quoted Gopinath as saying.  The idea for the incubator came from Guru Gowrappan, chief operational officer and head of product and marketing in Silicon Valley-based Quixey, of which Alibaba is an investor.  The project is expected to start by May or June, according to the report.  about Us: Company:Meifeng Factory Supply portable wardrobe,metal hanger,shoe rack and other home furniture products. E-mail:factorymf@fjmf888.com webiste:www.factorymf.com

   BEIJING -- China's consumer price index, a main gauge of inflation, grew 1.4 percent year on year in February, the National Bureau of Statistics announced Tuesday. The stronger-than-expected reading quickened from the 0.8-percent gain in January, the lowest level in more than five years. NBS statistician Yu Qiumei attributed the recovery to rising food and travel prices during the Chinese Lunar New Year Holiday. Distortions caused by the timing of the Spring Festival, which fell on January 31, 2014 but on Feb. 19 this year, also played a part, the NBS explained. Food prices, which account for nearly one-third of weighting in China's CPI, increased 2.4 percent year on year in February. On a monthly basis, consumer prices in January went up 1.2 percent. In addition, China's producer price index (PPI), which measures wholesale inflation, plunged 4.8 percent year on year in February, marking the 36th straight month of decline that pointed to continuing weak market demand. China's economy grew 7.4 percent in 2014, the weakest annual expansion in 24 years, and a string of economic indicators for the new year, including manufacturing and trade data, all suggested continued weakness. The annual government work report, delivered by Premier Li Keqiang at the opening meeting of the national legislature's annual session, set this year's economic growth target at around 7 percent and inflation control target at around 3 percent. about Us: Company:Meifeng Factory Supply portable wardrobe,metal hanger,shoe rack and other home furniture products. E-mail:factorymf@fjmf888.com webiste:www.factorymf.com

  TORONTO -- The renminbi (RMB) clearing bank in Canada, ICBC Canada, was officially launched on Monday evening. This is the first RMB trading hub in North America and in the western hemisphere.  The hub is the latest step in a Canada-China relationship now worth $78 billion in two-way trade.  Canada's Finance Minister Joe Oliver launched the bank at an event in Toronto hosted by the Industrial and Commercial Bank of China (ICBC).  about Us: Company:Meifeng Factory Supply portable wardrobe,metal hanger,shoe rack and other home furniture products. E-mail:factorymf@fjmf888.com webiste:www.factorymf.com Alibaba TradeManager: cnrapiten

  Glad to tell you that we are going to attend Canton Fair on April 23-27. During the show, our new products(fabric wardrobe, shoe rack & wire hanger) and new fabric colors will be displayed.  Sincerely welcome you to visit our booth and talk about our products face to face.  Here is the information for your reference: Canton Fair Booth #:14.3H35  12.2B05 Date: April 23-27, 2015 Venue: Pazhou Exhibition Hall, Guangzhou M.P.0086+15059890115,18065235918,13559537637,18859563253   about Us: Company:Meifeng Factory Supply portable wardrobe,metal hanger,shoe rack and other home furniture products. E-mail:factorymf@fjmf888.com webiste:www.factorymf.com Alibaba TradeManager: cnrapiten

China will step up the pace of its free trade negotiations this year as it seeks to build stronger trade ties with more partners and reduce the dominance of the United States' currency in the global trading system. Trade experts say China needs another round of decisive measures to put its export growth on a firmer footing in 2015, amid declining demand in major foreign markets. Zhou Shijian, http://www.factorymf.com/the standing councilor of the China Society for World Trade Organization Studies, said new measures should include pushing the Chinese currency to play a bigger role in foreign trade, developing new trading routes in neighboring regions, and encouraging more high-value added products onto the global market About Us: Company:Meifeng Factory Supply portable wardrobe,metal hanger,shoe rack and other home furniture products. E-mail:factorymf@fjmf888.com webiste:www.factorymf.com M.P.0086-18859563253 TradeManager:  cn1501818661