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NINGBO, Dec. 7 (Xinhua) -- Chinese Vice Premier Li Keqiang said Tuesday that more efforts should be made to boost the quality and efficiency of China's economic growth and enable all people to enjoy the fruits of the country's reform and opening-up.Li made the remarks at a seminar on drawing up the nation's 12th Five-Year (2011 to 2015) Program in Ningbo City of east Zhejiang Province, which was also attended by top officials of several provinces.The key to grasping the development opportunities and meeting the challenges is accelerating the transformation of China's economic growth pattern, said Li.Li noted that strategic economic restructuring is the key to realizing the transformation and he called for more efforts to boost domestic demand,especially consumption demand, while expanding the opening-up policy.Chinese Vice Premier Li Keqiang (L) speaks at a seminar on drawing up China's 12th Five-Year (2011 to 2015) Plan in Ningbo City, east China's Zhejiang Province, Dec. 7, 2010.He also urged more efforts be made to strengthen the role of innovation in driving growth, quicken the upgrading of traditional industries, develop strategic emerging industries, push forward the service sector, and conserve resources and protect the environment.Another major task of the transformation of China's economic growth pattern is to accelerate the development of social causes and enable urban and rural populations to enjoy the results of the nation's development, said Li.He also said the current task for the government is to maintain stable and relatively fast economic growth, restructure the economy and stabilize consumer prices.

BEIJING, Dec. 15 (Xinhua) -- Chinese Premier Wen Jiabao left here Wednesday morning for official visits to India and Pakistan.Wen is traveling to the two countries at the invitation of Indian Prime Minister Manmohan Singh and Pakistani Prime Minister Yousuf Raza Gilani.Wen's entourage includes Chinese Foreign Minister Yang Jiechi, China's Minister of Communications Li Shenglin, China's Minister of Culture Cai Wu, Director of the Research Office of the State Council Xie Fuzhan, Vice Minister of the National Development and Reform Commission Zhu Zhixin, Vice Minister of China's Ministry of Commerce (MOC) and the MOC International Trade Representative Gao Hucheng, Vice Secretary-General of the State Council and Director of the Premier's Office Qiu Xiaoxiong and Chinese Assistant Foreign Minister Hu Zhengyue.

BEIJING, Nov. 10 (Xinhua) -- China's central bank moved a step further to tighten liquidity amid increasing inflation pressures as it ordered Chinese banks to set aside more reserves on Wednesday.The People' s Bank of China, or the central bank, announced it would raise the deposit reserve requirement ratio (RRR) for Chinese financial institutions that accept deposits by 50 basis points from Nov. 16, which was estimated to freeze more than 300 billion yuan (45.1 billion U.S. dollars).The order came on the eve of Thursday's release of China' s October consumer price index (CPI), which is projected, by some economists, to reach 4 percent.The RRR for the four big state-owned banks - the Industrial and Commercial Bank of China, China Construction Bank, Bank of China and Agricultural Bank of China - will stand at 18 percent once the rise takes effect.Further, Wednesday's move will raise the deposit reserve ratio for other large financial institutions to 17.5 percent and that for small-and medium-sized financial institutions to 15.5 percent.The adjustment is the fourth RRR increase the central bank has ordered for Chinese banks this year, and the first time it has done so since it hiked interest rates by 0.25 percentage points last month.Chinese experts believe combined concerns, ranging from the looming hot money inflows caused by the United State quantitative easing to the growing inflation risks and soaring assets bubbles, have caused the central bank to raise the RRR to rein in liquidity."The central bank announced interest rates hikes and the RRR rise within one month, as the U.S. 600 billion-US-dollar quantitative easing is likely to send more speculative capital flowing to the emerging markets, and domestic commodities prices continue to increase, " senior economist with the Asian Development Bank, Zhuang Jian said, adding that the RRR increase will trim the banks' credit capital, which will help curb market speculation inflows and stabilize commodities prices.China's central bank, on Oct. 20, announced a rise of its benchmark one-year lending and deposit rate by 0.25 percentage points, the first interest rates hike in three years, as the nation's CPI hit a 23-month high to 3.6 percent in September.October's CPI is due to be announced on Thursday, while economists anticipate the October year-on-year inflation is likely to rise to 4.1 percent.Further, prices of China' s edible farm produce have witnessed consecutive increases since mid-October, as prices of 18 types of vegetables in 36 large and medium-sized cities rose by 4.9 percent during the week that ended Nov. 7, according to data released Wednesday by the Ministry of Commerce.Zhang Ping, head of the National Development and Reform Commission, said Tuesday that the nation's CPI is expected to exceed the government' s annual target of 3 percent.Also, the nation's real estate prices continued the upward trend in October, though at a slower pace, with property prices in 70 major Chinese cities increasing by 8.6 percent year on year in October, down from the 9.1-percent increase in September, the National Bureau of Statistics showed Wednesday.Li Huaiding, analyst with the Guoxin Securities Co., said Wednesday's rise would contribute to scaling back liquidity, but pressures still exist in the upcoming months, and the central bank may again increase interest rates before the end of the year.Additionally, the central bank said in a report issued on Nov.2 that it would gradually normalize the monetary policy from its counter-crisis mode and tighten control over liquidity to maintain moderate credit growth in the coming months this year.

BEIJING, Dec. 28 (Xinhua) -- The Political Bureau of the Communist Party of China (CPC) Central Committee met Tuesday in a meeting on anti-corruption, demanding greater efforts in addressing problems the masses complained about most and fighting corruption among grassroots officials.The meeting was presided over by General Secretary of the CPC Central Committee and Chinese President Hu Jintao. The participants heard a report of the Central Commission for Discipline Inspection of the CPC over anti-corruption work for 2010 and discussed related plans for 2011.The meeting has called for further efforts to address problems concerning construction projects, and vehicles bought and used at public expenses.Those attending the meeting said regulations and disciplines that govern the selection of officials must be strictly followed and related unsound practices should be corrected.Noting that fighting corruption was still a tough task, the meeting urged all related authorities to step up anti-corruption efforts towards building a clean government.Further, more work must be done to improve officials' style of work and cement ties between the CPC and the masses, the meeting participants said.Also, the participants called for efforts towards building an improved anti-corruption system that consisted of corruption prevention and punishment.Such a move, they added, would facilitate the implementation of China's development blueprint for the 12th Five-Year-Plan period (2011-2015) and China's social and economic development.China will mark the 90th anniversary of CPC's founding next year. The meeting called on all party members to work for new achievements in fighting corruption in a bid to greet the coming CPC's anniversary.

BEIJING, Nov. 26 (Xinhua) -- Chinese Foreign Minister Yang Jiechi met with Chi Jae Ryong, Ambassador of the Democratic People's Republic of Korea (DPRK) to China, and held phone conversation with U.S. Secretary of State Hillary Clinton and ROK Foreign Minister Kim Sung-hwan on Friday.They exchanged views on issues including the situation of the Korean Peninsula, according to a statement released Friday night by the Chinese Foreign Ministry.Yang said China gives utmost attention to the exchange of fire between the DPRK and the ROK which happened days ago, and is very concerned about the development of the situation.The DPRK and the ROK should exercise calm and restraint, engage in contacts as soon as possible, and solve problems through negotiations and dialogue, Yang said."The pressing task now is to put the situation under control and prevent a recurrence of similar incidents," he said.Parties related should actively work for peace and facilitate talks, jointly safeguard peace and stability of the Korean Peninsula while adopting responsible attitudes, Yang said.Parties involved should work together for an early restart of the six-party talks, and push forward denuclearization process of the Korean Peninsula, Yang said.The DPRK, the ROK and the U.S. sides elaborated on their views on the current situation, and expressed the importance they attached to China's stance and their willingness to maintain contacts with the Chinese side.The ROK and the DPRK exchanged artillery fire Tuesday in waters off the west coast of the Korean Peninsula, leaving four people dead.China on Friday also voiced its opposition to any military acts in its exclusive economic zone without permission, days before a joint military exercise between United States and ROK on the Yellow Sea."We hold a consistent and clear-cut stance on the issue. We oppose any party to take any military acts in our exclusive economic zone without permission," Foreign Ministry spokesman Hong Lei said in a statement Friday.