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BEIJING, Feb. 9 (Xinhua) -- The Communist Party of China (CPC) Central Committee on Monday evening hosted a gala to mark the traditional Lantern Festival.     Top leaders including President Hu Jintao and representatives from Beijing's intellectual circle attended the event.     Prior to the gala's opening, Li Changchun, a member of the Standing Committee of the Political Bureau of the CPC Central Committee, addressed the participants on behalf of the CPC Central Committee. General Secretary of the Central Committee of the Communist Party of China (CPC) Hu Jintao (C) talks with delegates from the intelligentsia during a get-together marking the traditional Lantern Festival at the Great Hall of the People in Beijing, capital of China, Feb. 9, 2009. The CPC Central Committee hosted a get-together here on Monday to mark the Lantern Festival    He said the year 2008 was very extraordinary, during which the CPC Central Committee with Hu as the General Secretary led the Party and the nation to win the victory in combating unusual natural disasters, to successfully host the Olympics and Paralympics, and complete the mission of flying the Shenzhou VII manned spacecraft.     The year 2009 marks the 60th anniversary of the founding of new China, and it is also a pivotal year to face big international and domestic challenges and realize new development in promoting the Party and the country's causes, he said.     The official urged the intellectual circle to shoulder the historic mission and continue to contribute wisdom and strength to the country's reform and opening-up drive and the socialist modernization.     Other leaders attending the gathering included Wu Bangguo, Wen Jiabao, Jia Qinglin, Li Keqiang, He Guoqiang and Zhou Yongkang.     The Lantern Festival, which falls on the 15th day of the Chinese Lunar New Year, is an occasion for family reunion. It marks the formal end of lunar New Year festivities.

BEIJING, March 30 (Xinhua) -- Aluminum Corporation of China Ltd. (Chalco), reported a 99.9 percent plunge in full-year net profit to 9.2 million yuan (1.35 million U.S. dollars) in 2008, due to product price fluctuations on the international market, the company's annual report revealed Monday.     "The company suffered major losses from the snowstorm at the beginning of last year, and the earthquake disaster," said the statement.     The shock from the financial crisis, rises in raw material prices and consecutive plunges of finished product prices had posted "unprecedented difficulties and challenges" for the company, said the statement.     Chalco's business turnover reached 76.73 billion yuan, down 9.94 percent from last year, largely because of a decline in product prices, said a statement submitted to the Shanghai Stock Exchange.     The price of alumina, a major type of aluminum product, which at one point reached 4,500 yuan per tonne in the domestic market in 2008, dropped to 1,900 yuan per tonne as demand shrank drastically because of the financial crisis, said the statement.     Board chairman Luo Jianchuan said the company should actively cope with the problem, which would persist in 2009. Measures should be taken to cut cost, control investment, and maintain stable production.     Though estimated to suffer losses in the first quarter this year, Chalco was confident it would "get over the difficulties and have a bright prospect," said Luo.     Share prices of Chalco on Shanghai Stock Exchange plunged more than 4 percent to 10.46 yuan Monday morning.     Aluminum Corporation of China (Chinalco), Chalco's parent company, had obtained support from four Chinese banks, including the Bank of China (BOC), to finance its bid for the world's third largest miner Rio Tinto.     They have signed agreements to provide 21 billion U.S. dollars worth of syndicated loans to support the bid.

BEIJING, April 11 (Xinhua) -- Credit extended by China's banks in the first quarter hit 4.58 trillion yuan (670 billion U.S. dollars), the People's Bank of China (PBOC) said Saturday.     In March alone, new yuan-denominated loans increased 1.89 trillion yuan. It was the third straight month that new loans exceeded 1 trillion yuan.     "It is not beyond market expectations. The increase was boosted by the 4-trillion-yuan stimulus plan and showed the possibility of a faster economic recovery in China compared with other countries," said Zhang Qizuo, vice director of China International Economy Society.     Premier Wen Jiabao said on March 5 at the opening of the annual session of the National People's Congress, China's legislature, that new yuan-denominated loans this year were expected to reach 5 trillion yuan.     Historical data show the first-quarter bank credit usually accounts for more than 60 percent of the year's total.     "There is a time lag between the credit increase and actual use of capital, but the big increase will surely lay a solid foundation for the recovery of the real economy," said Zhang.     In the first quarter, the central bank withdrew 47.3 billion yuan from circulation, 78.5 billion yuan more than the same period of last year.     "The increase in currency withdrawal from circulation showed the central bank was carefully watching the credit growth," said Yuan Gangming, an economist with Tsinghua University.     Zhuang Jian, an economist at the Asian Development Bank, said the regulators should pay attention to the quality of new loans and prevent bad loans.     By the end of February, non-performing loans by Chinese banks totaled 1.53 trillion yuan, 17.5 billion yuan less than the start of the year.     The structure of credit growth was also improving. The proportion of bill financing fell to about 22 percent in March from 47 percent in February, though still much higher than the average of 5 percent.     "The decline in bill financing is a good sign. It means company activities are increasing and the credit's impact on the economy is strengthening," said Zhuang.     Through March, the M2 figure -- a broad measure of money supply,which covers cash in circulation and all deposits -- grew 25.5 percent from a year earlier to 53.06 trillion yuan.     The narrow measure of money supply, M1 (cash in circulation pluscorporate current deposits), was up 17.04 percent year on year to 17.65 trillion yuan.     "The fast rebound of M2 indicates China's liquidity is abundant. This is very important to the economic recovery. The sharp rise of M1 shows companies are increasing spending on investment and management." said Zhang Bin, an economist with Chinese Academy of Social Sciences.

BEIJING, April 9 (Xinhua) -- Top political advisor Jia Qinglin met visiting Taiwan journalists here Thursday, expecting media to bridge the two sides of the Taiwan Strait.     Jia, chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), urged media on both sides to improve cooperation and exchanges as a bridge between people across the Strait.     Their cooperation will help create a favorable environment for cross-Straits exchanges and encourage people on both sides to work for peaceful development, he said, when meeting with journalists from the Taiwan-based United Daily News (UDN) headed by Duncan Wang, chief executive officer (CEO) of UDN Group.     Jia appreciated the efforts UDN has made to improve relations and promote cooperation across the Strait.     The two sides of the Strait have seen favorable interaction since last year, while the relations headed for a peaceful development, he said. "We hope people on both sides can benefit from the improving ties and the region can remain in peace and stability." Jia Qinglin (5th L, front), chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), poses for group photo with journalists from the Taiwan-based United Daily News (UDN) headed by Duncan Wang (4th R, front), chief executive officer (CEO) of UDN Group in Beijing, capital of China, April 9, 2009.Both sides of the Strait should move ahead under the principles of building mutual trust, laying aside disputes, seeking consensus and shelving differences, and creating a win-win situation, he said.     "We can continue cross-Strait talks stage by stage, easy issues and economic topics first, difficult issues and political topics later," he said. "Now we should pay more attention to improving economic cooperation so as to normalize economic relations as early as possible."     Efforts should be made to establish an economic cooperative mechanism that fits the region's reality, he said.     The two sides of the Strait should also promote more exchanges in the cultural and education sectors and improve communications between common people, he added.     The Taiwan journalists were visiting the mainland at the invitation of Xinhua News Agency.

BEIJING, March 4 (Xinhua) -- Chinese leaders joined in panel discussions with the country's political advisors Wednesday, calling for concerted efforts to pull through the global financial crisis which is unfolding its impact on the country's economy. Chinese President Hu Jintao (2nd R), shakes hands with a member of the 11th National Committee of the Chinese People's Political Consultative Conference (CPPCC) in Beijing, capital of China, March 4, 2009. Hu Jintao and Jia Qinglin (1st R), member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee and also chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), visited the CPPCC members from the China Association for Promoting Democracy and the China Democratic League on WednesdayAll parties, all organizations, all social strata and all ethnic groups should unite under the central authorities' decisions and strategy to overcome difficulties, President Hu Jintao said in a discussion with members of the National Committee of the Chinese People's Political Consultative Conference (CPPCC).     He called on all Chinese people to stand together and "bravely move forward" though difficulties are in sight.     "This year is pivotal for the country to combat the financial crisis and maintain a steady and relatively rapid economic growth," Hu told political advisors from the China Association for Promoting Democracy and the China Democratic League, two non-communist parties.     "To ensure economic growth, people's well-being and social stability is of great importance to maintain a stable overall situation of reform and opening-up," Hu said. Wu Bangguo (front R), member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee and also chairman of the Standing Committee of the National People's Congress (NPC), meets with members of the 11th National Committee of the Chinese People's Political Consultative Conference (CPPCC) from the CPC during the panel discussion in Beijing, capital of China, March 4, 2009Top legislator Wu Bangguo called on members of the Communist Party of China (CPC) to play an exemplary role and contribute wisdom and strength to the national development during his discussion with a group of advisors from the CPC.     Wu, chairman of the Standing Committee of the 11th National People's Congress, pinpointed the importance of investigation and research on issues concerning people's livelihood in a bid to "fully reflect the real social situations and the public opinions."     He asked the CPPCC members to make efforts to promote the building of a harmonious society. Chinese Premier Wen Jiabao (front L), meets with members of the 11th National Committee of the Chinese People's Political Consultative Conference (CPPCC) from the circles of economy and agriculture during the joint panel discussion in Beijing, capital of China, March 4, 2009In the discussion with advisors from the circles of economy and agriculture, Premier Wen Jiabao said the country need to make large-scale government investment and bring in more social and private funds as well.     While the crisis demands stronger government macro-control, the role of the market mechanism should also be given a full play, he said.     Wen called for resolute and prompt government decisions in the face of the economic woes but stressed that officials must work according to the law and procedures.     "We must make sure every major government investment plan is appraised in a scientific way and will be known, understood and supervised by the people," he said.     "The more difficulties we have, the more opinions we should solicit from various groups," he said. Jia Qinglin (R), member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee and also chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), meets with members of the 11th National Committee of the CPPCC from the religious circle during the panel discussion in Beijing, capital of China, March 4, 2009CPPCC National Committee Chairman Jia Qinglin encouraged political advisors from the religious circle to guide believers to "promote economic development and social stability."     He asked them to work for harmonious religious relations and the reunification of the motherland.     The other members of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, Li Changchun, Xi Jinping, Li Keqiang, He Guoqiang and Zhou Yongkang, also joined panel discussions with political advisors. Li Changchun (L), member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, meets with members of the 11th National Committee of the Chinese People's Political Consultative Conference (CPPCC) from the social sciences, media and publication circles during the joint panel discussion in Beijing, capital of China, March Li Changchun told political advisors from the social sciences, media and publication circles to nurture an environment that can help ensure economic growth, people's well-being and social stability by conducting investigations and better answering questions of public concern. Chinese Vice President Xi Jinping (front L), who is also a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, meets with members of the 11th National Committee of the Chinese People's Political Consultative Conference (CPPCC) from south China's Hong Kong Special Administrative Region (SAR) and Macao SAR during the joint panel discussion in Beijing, capital of China, March 4, 2009.During a panel discussion with advisors from Hong Kong and Macao, Vice President Xi Jinping assured that with the support from the central government and through efforts made by the regional governments, the two special administrative regions will surely tide over the crisis and achieve long-term prosperity. Li Keqiang (2nd R), member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, meets with members of the 11th National Committee of the Chinese People's Political Consultative Conference (CPPCC) from the education circle during the panel discussion in Beijing, capital of China, March 4, 2009.Vice Premier Li Keqiang stressed the priority of education in his discussion with advisors from the education circle, saying education is the "strategic foundation" of the country's modernization.     A better education system will benefit the people's well-being and all-round development and provide talent support for the country's economic and social drives, he said. He Guoqiang (2nd R), member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, meets with members of the 11th National Committee of the Chinese People's Political Consultative Conference (CPPCC) from the China Democratic National Construction Association and the All-China Federation of Industry and Commerce during the joint panel discussion in Beijing, capital of China, March 4, 2009. He Guoqiang, secretary of the CPC Central Commission for Discipline Inspection, called on non-public sectors of the economy to adapt to the market transformation, shift development mode and shoulder social responsibility by making more contributions.     He also urged to intensify the battle against corruption and improve officials' work style. Zhou Yongkang (R), member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, meets with specially invited members of the 11th National Committee of the Chinese People's Political Consultative Conference (CPPCC) during the panel discussion in Beijing, capital of China, March 4, 2009.Zhou Yongkang called for preventing and resolving social conflicts and listening to public opinions so as to safeguard public rights and interests.     The CPPCC National Committee started its annual full session Tuesday. The meeting is scheduled to end on March 12.

来源：资阳报