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BEIJING, April 22 (Xinhua) -- The Chinese government announced a string of emergency measures Wednesday to provide convenient financial services for people in the quake-hit Qinghai Province and to support reconstruction.The People's Bank of China, the central bank, would lower the deposit reserve ratio for financial institutions in the quake area by 1 percentage point from Wednesday to help increase lending, said a statement posted on the website of the central bank.It would also reduce its rediscount rate for local Rural Credit Cooperatives by 1 percentage point to ease their financial burden.The rediscount rate is the interest rate charged to banks and deposit institutions when they borrow money from the central bank.The return of loans extended before the earthquake was not imperative until June 30, 2011. Residents and companies would be exempted from bad credit records if they could return their loans before the deadline, the central bank said.The statement urged local banks to resume business as soon as possible to meet rising demand for financial services.They should set up temporary outlets in tents, extend office hours and take measures to ensure adequate cash supplies so that residents could deposit and withdraw money conveniently.The measures were jointly introduced by the People's Bank of China, the China Banking Regulatory Commission, the China Insurance Regulatory Commission and the China Securities Regulatory Commission.The 7.1-magnitude quake struck the Tibetan Autonomous Prefecture of Yushu on April 14, leaving 2,183 people dead, 84 missing, and 12,135 injured as of Wednesday.
SHANGHAI, May 17 (Xinhua) -- China will endeavor to quicken the pace of development of its information and communications sector, China's Minister for Industry and Information Technology Li Yizhong said here Monday.Li made the remarks at an event celebrating the 145th anniversary of the International Telecommunication Union (ITU) held at the Shanghai World Expo park.The ITU Monday presented the World Telecommunication and Information Society Award to Malaysian Prime Minister Najib Razak; Wang Jianzhou, Chairman and CEO of China Mobile; and Robert Kahn, President and CEO of the Corporation for National Research Initiatives.Li Yizhong, Chinese minister of industry and information technology, speaks during the celebration of the International Telecommunication Union (ITU) Honor Day at the Shanghai World Expo in Shanghai, east China, on May 17, 2010, the Day of the World Telecommunication and Information Society.The laureates were recognized for their contribution to the ongoing digital revolution and their dedication to promoting information and communication technologies as a means to a better life for humanity, the ITU said in a statement on its website.A total of 189 countries and 57 international organizations are presenting their best at the six-month Shanghai World Expo under the theme of "Better City, Better Life."

GUIYANG, May 14 (Xinhua) -- A toxic gas burst during an illegal coal mining operation has killed 21 people and injured five others in southwest China's Guizhou Province Thursday, officials said Friday.A total of 31 miners were working in a shaft of Yuanyang Colliery when the accident occurred at about 9:40 p.m. in Puding County, Anshun City. Rescuers on Friday confirmed that 10 people had escaped.The gas burst was triggered by the detonation of explosives for illegal mining, the rescue headquarters said after an initial investigation.The private mine, a combination of three minor collieries, began to improve its infrastructure facilities in 2008 when it received the first of the six necessary mining licenses from the local authorities.Ma Mintang, survivor of the gas outburst, receives treatment in Renmin Hospital of Anshun City, southwest China's Guizhou Province, May 14, 2010. A total of 31 miners were working in a shaft of Yuanyang Colliery in Puding County of Anshun City when a gas outburst occurred at about 9:40 p.m. on Thursday. Rescuers on Friday confirmed that 10 people survived and 21 bodies recovered from the coal mine.Mining was prohibited until the mine passed inspections by authorities and gets the other five business licenses, but the company secretly started mining last year under the guise of shaft maintenance, said Hu Yingze, director of the county coal mining administration.It had illegally produced more than 3,000 tonnes of coal so far, which was, in fact, theft of national resources, he said.Sun Guoqiang, vice governor of Guizhou, blamed county-level authorities for failing to examine the mine."Did anyone of you visit the mine after approving the shaft maintenance project?" Sun asked officials of the county's coal mining administration and work safety watchdog.Rising coal prices had driven the owners to start illegal production as the drought season cut short water supplies for power plants, which had to turn to coal. The market price for coal had risen to about 370 yuan (54 U.S. dollars) per tonne from the normal price of about 300 yuan, said Sun.
YUSHU, Qinghai, April 25 (Xinhua) -- The death toll from a 7.1-magnitude earthquake in northwest China's Qinghai Province on April 24 has climbed to 2,203, the rescue headquarters said late Saturday.As of 5 p.m. Saturday, 73 people were still missing, the headquarters said.Civil affairs authorities in Qinghai also said Saturday they would raise the monthly allowance for orphaned children, widowed elderly and disabled people in the wake of the quake.Ma Danzhu, head of the disaster relief division under the provincial department of civil affairs, said the monthly allowance would be raised to 1,000 yuan (146 U.S. dollars) per person, from 600 yuan as normal standard, for three months.Families of the dead, including locals and migrant workers, also will receive 8,000 yuan in subsidies for each death, according to a policy announced earlier.
BEIJING, June 1 (Xinhua) -- China Tuesday released details of its green-car subsidy program designed to boost the nation's auto industry and cut vehicle emissions.Through the program, subsidies of up to 60,000 yuan (8,784 U.S. dollars) will be given to buyers of pure electric vehicles in the five cities chosen for the pilot program, the Ministry of Finance said in a statement on its website.Buyers of plug-in hybrid cars will receive up to 50,000 yuan in subsidies.The cities chosen for the pilot program are Shanghai, Changchun, Shenzhen, Hangzhou and Hefei.China is the world's largest auto market.
来源:资阳报