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BEIJING, Jan. 17 (Xinhua) -- The China Banking Regulatory Commission (CBRC) announced Monday that it will guide the nation's banks to a scientific pace of lending this year as it stressed bank loans should better serve the real economy.The CBRC said in a statement on its website that it will also expand and improve financial services in the country's rural areas and encourage banks to support borrowing activities from small-sized companies.The CBRC said it will carry out more studies in stepping up support for the country's affordable housing program, which aims to build 10 million affordable housing units for low and middle income residents this year.The commission also said it will continue to implement the differentiated home loan policy adopted last year, under which bank loans for third home purchases are suspended and down payments for all first-time home buyers are at least 30 percent of the purchase price, while second home buyers will have to pay an even higher amount of down payments, at 50 percent.Further, the CBRC said it would tighten controls over lending to local government's financing vehicles in order to ward off risks.Government data showed new yuan-denominated lending in China reached 7.95 trillion yuan (about 1.2 trillion U.S. Dollars) last year, overshooting the government's full-year target of 7.5 trillion yuan.

GUANGZHOU, Dec. 12 (Xinhua) -- Chinese Vice Premier Li Keqiang on Sunday met with foreign leaders and international sports organization officials who were in Guangzhou to attend the opening ceremony of the Asian Para Games.Among the foreign guests Li met were Philip Craven, president of the International Paralympic Committee, Datuk Zainal Abu Zarin, president of the Asian Paralympic Committee, and Jejomar Binay, vice president of the Philippines.Li extended warm welcome to them and spoke highly of their contribution to the Guangzhou Asian Para Games and the cause for people with disabilities.Chinese Vice Premier Li Keqiang (R) meets with the International Paralympic Committee President Philip Craven in Guangzhou, south China's Guangdong Province, on Dec. 12, 2010. The opening ceremony of the 2010 Asian Para Games was held in Guangzhou Sunday.He also said the Chinese government would further support the cause for people with disabilities to create more favorable conditions for them to integrate into society.Li declared the opening of the games Sunday evening at the Olympics Stadium of Guangzhou, capital city of south China's Guangdong Province.The Asian Para Games will last for a week.

NEW YORK, Nov. 12 (Xinhua) -- China and the United States will continue to pursue the common interest without being affected by the recent changes of the U.S. political landscape, said a U.S. scholar on Friday."There is a lot of consistency in China-U.S. relations. If you look back over time, whether it is Democrats or Republicans in the Congress or in the White House, China has always been an important country for the United States. Both countries will continue to pursue the common interest," said Elizabeth Wishnick, Research Associate at Weatherhead East Asian Institute, Columbia University.She told Xinhua in an interview that it would be difficult to see major changes occurring between U.S.-China ties after the U.S. midterm elections, because both countries share so many common interests in terms of preventing the nuclear proliferation weapons and reducing the problems of terrorism, etc."Keep in mind the long-term interests we share and the long history of cooperation we have, China and U.S. will find ways to move forward and have good possibility for future cooperation," she stressed.Wishnick admitted that it is a difficult time right now for U.S. and China, because "the economy is pulling both nations in different directions and no solution has been worked out yet to resolve the pressing economic problems that divide us.""It's a challenge for us to keep focus on what can be accomplished bilaterally, instead of getting too distracted by pressing current problems. If we could have better understanding of each other's domestic concern, it will help have less confrontational dialogue," she added.She regarded Chinese President Hu Jintao and U.S. President Obama's meeting on the sidelines of the G20 Summit, as well as President Hu's coming visit in January, as good opportunities for two leaders to further deepen mutual understandings."It is a process of building trust. As long as they are able to discuss their differences, they have better chance to be able to address them more effectively," she said.

BEIJING, Jan. 10 (Xinhua) -- China's top legislator, Wu Bangguo, met with his Maldivian counterpart Abdulla Shahid in Beijing Monday and called for closer relations between the two nations and the two parliaments.Wu, chairman of the Standing Committee of the National People's Congress (NPC), China's top legislature, said the growth of bilateral relations in recent years had yielded substantial benefits for the two peoples.Wu said China valued ties with the Maldives and was willing to maintain friendly exchanges and cooperation at all levels in an effort to expand political mutual trust and economic and trade cooperation in fields such as fisheries, tourism, and infrastructure construction.China would encourage Chinese companies to further participate in the Maldives' national construction and more Chinese tourists to visit the country, Wu said.Wu voiced his hope for stronger coordination between the two nations on international issues in order to build a relationship that would be a model for relations between big and small nations.Wu suggested the two legislatures promote dialogue and exchanges of views among members on successful experiences of national construction so as to inject new vitality to the development of bilateral relations.Shahid, speaker of the Maldivian People's Majlis, said the Maldivian people treasured the friendship of the Chinese people, and the rapid growth of the Chinese economy offered inspiration to developing countries, including the Maldives.Shahid pledged the Maldivian parliament would continue to play a constructive role in promoting bilateral relations.Shahid is leading a Maldivian parliamentary delegation to China at the invitation of Wu. The delegation arrived in China on Jan. 8. It is Shahid's first visit to China as the country's chief legislator.

MOHE, Heilongjiang, Jan. 2 (Xinhua) -- Some 42,000 tonnes of crude oil had as of 5:48 a.m. Sunday flowed through an oil pipeline linking Russia's far east and northeast China, 24 hours after the pipeline began operating, a spokesman for the Chinese operator of the pipeline said.The pipeline, which originates in the Russian town of Skovorodino in the far-eastern Amur region, enters China at Mohe and terminates at northeast China's Daqing City.A total of 1.32 million tonnes of oil is scheduled to be transported to China through the pipeline in January, said a spokesman for Pipeline Branch of Petro China Co., Ltd. (PBPC), the operator of the Chinese section of the pipeline.The 1,000-km-long pipeline will transport 15 million tonnes of crude oil from Russia to China per year from 2011 until 2030, according to an agreement signed between the two countries. Some 72 kilometers of the pipeline is in Russia while 927 km of it is in China.