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BEIJING, Dec. 8 (Xinhua) -- China's Ministry of Finance said here Wednesday that it will sell a batch of 30-year long-term book-entry treasury bonds this week at a yield of 4.23 percent.The bonds, with a total face value of 28 billion yuan (about 4.2 billion U.S. dollars), will be sold over five days starting Thursday, said the ministry in a statement on its website.The bonds are the 40th batch of the kind to be sold by the ministry this year, and will be the fifth batch of 30-year T-bonds the ministry has sold this year.The bonds will become tradable on Dec. 15 through the national inter-bank bond market and over the counter at designated commercial banks. Interest will be paid every half year.
GUANGZHOU, Dec. 14 (Xinhua) -- Chinese Vice Premier Li Keqiang called for more efforts from local authorities to stabilize prices and improve people's lives.Li made the remarks during a two-day inspection tour from Sunday to southern China's Guangdong Province, where he opened the first Asian Para Games in the provincial capital city of Guangzhou.Li said more efforts should be made to stabilize prices and make the country' s macro control policies more targeted, more flexible and more effective.When touring a vegetable production base in the province's Qingyuan City, Li said local governments should make every effort to ensure the market supply of daily necessities such as principal agricultural products, while keeping prices stable.Chinese Vice Premier Li Keqiang (R, front) talks with athletes taking part in Guangzhou 2010 Asian Para Games in Guangzhou, capital of south China's Guangdong Province, Dec. 13, 2010. Li made a two-day inspection tour to Guangdong Province from Dec. 12 to 13.China's consumer price index, a measure of inflation, jumped to a 28-month high at 5.1 percent in November, boosted mainly by soaring food prices. The November CPI figure well exceeded the Chinese government's full-year CPI target of 3 percent.Local governments should build more public facilities, offer better public service and create a more comfortable living environment for the public during the urban construction and municipal management, Li said.

BEIJING, Dec. 9 (Xinhua) -- The new leadership of Chinese Catholics was elected during the 8th national congress of Chinese Catholics which concluded here Thursday after three days of meeting.Bishop Fang Xingyao was elected chairman of the Chinese Catholic Patriotic Association (CCPA), while Bishop Ma Yinglin will head the Bishops' Conference of the Catholic Church in China (BCCCC).Also, Liu Bainian and Jin Luxian were elected as honorary chairmen of both the CCPA and BCCCC.Further, vice chairmen and consultants to the two Chinese Catholic organizations were elected at the conference.Jia Qinglin (C), chairman of the National Committee of the Chinese People's Political Consultative Conference, poses for a group photo with the new leadership of Chinese Catholics in Beijing, capital of China, Dec. 9, 2010.The congress approved the CCPA and BCCCC reports on the past six years of work, as well as revisions of the charters of the CCPA and BCCCC.The 8th national congress of Chinese Catholics, held since Tuesday, was attended by 341 representatives from across China, including 64 bishops, 162 clergy, 24 nuns and 91 lay members.Jia Qinglin, China's top political advisor, met Thursday with delegates who attended the 8th national congress of Chinese Catholics.Congratulating the participants on the successful holding of the congress, Jia praised the efforts Chinese Catholics have made in serving China's reform and development and preventing infiltration of foreign hostile elements, according to a statement Xinhua received.Jia, who is Chairman of the National Committee of the Chinese People's Political Consultative Conference and also a member of the Standing Committee of the Political Bureau of the Central Committee of the Communist Party of China (CPC), urged the religious clerics to keep vigilant and prevent foreign hostile elements from using religion to interfere with China's domestic affairs and to safeguard the interests of the entire nation.He called on Catholics to contribute more to China's scientific development and transformation of its economic growth mode, and play an active role in safeguarding social stability and harmony.
BEIJING, Jan. 15 (Xinhua) -- China should steadily promote the internationalization of its currency, the yuan, the head of China's social security fund said Saturday.The internationalization of the yuan is a significant step for advancing the reform of the international monetary system, Dai Xianglong, chairman of China's National Council for Social Security Funds, said when speaking at annual economic forum in Beijing.The current international monetary system has not adapted to the new patterns of global economic development, he said, adding that currency diversification is a realistic solution.Currency diversification means continuing the role of dollar, increasing the role of the euro and internationalizing other currencies, he said.The U.S. dollar, serving as both the U.S. currency and the most important international currency, will be used for U.S. policy goals when the two roles contradict each other, spurring fluctuations in global financial markets, he said, adding that the dollar has a tendency to depreciate.He said the Chinese yuan is a stable currency, and so ensures the safety of other countries' assets.The Chinese currency also enhances world trade, protecting the interests of China's foreign trade and investment, he added.The internationalization of the yuan will take 15 to 20 years, he said, suggesting an expansion of the overseas circulation of the yuan and an acceleration in the opening-up of China's large commercial banks to speed up the process.He urged Chinese banks in foreign countries to offer funding in yuan.He also called for more efforts to reform the interest rate mechanism, to ease the process of the internationalization of the yuan.
ISLAMABAD, Dec. 17 (Xinhua) -- Chinese Premier Wen Jiabao and his Pakistani counterpart Yousuf Raza Gilani reached extensive consensus here Friday on further strengthening their countries' strategic cooperative partnership."China and Pakistan were, are and will always be good neighbors, good friends, good partners and good brothers," Wen said during his talks with Gilani, citing the profound friendship between the two peoples and the solid foundation of bilateral ties.In order to enhance communication and cooperation between the two "all-weather" strategic cooperative partners, Wen added, Beijing is ready to establish an annual conference mechanism between the two countries' leaders and a regular dialogue framework between their foreign ministers.China appreciates the strong support Pakistan has long been offering on issues concerning China's core interests, and will continue backing Pakistan's efforts in defending national sovereignty, maintaining social stability and achieving independent and sustainable economic development, Wen said.Noting that Pakistan has made huge sacrifice for and important contributions to the global counterterrorism campaign, the Chinese premier said his country is ready to work together with Pakistan to promote regional peace and stability.Meanwhile, a great potential is yet to be tapped in the two countries' practical cooperation, Wen stressed, saying that concerted efforts are needed in this regard to bring more benefits to the two peoples.In a three-point proposal, Wen prioritized the task to help Pakistan rebuild after its nationwide deadly flooding this summer, and pledged to offer assistance in road repair, food production and other relief programs if needed.Additionally, the two sides should consolidate cooperation in infrastructure construction and expand collaboration in trade, investment and financial sectors, Wen added.On the cultural sphere, he proposed to designate 2011 as the Year of China-Pakistan Friendship, co-sponsor activities to celebrate the 60th anniversary of the establishment of diplomatic relations, further broaden people-to-people exchanges, and thus promote mutual understanding and friendship between the two nations.Gilani, for his part, said that China is Pakistan's "best" and "most-trusted" friend, and that his country sincerely thanks China for its valuable support and generous aid.He expressed full agreement with Wen's proposal, saying that Pakistan is willing to join hands with China to beef up top-level contacts and strategic cooperation and pass on the two nations' friendship from generation to generation.The Pakistani side, Gilani said, is confident that with concerted efforts, the Pakistan-China all-weather strategic cooperative partnership will surely reach higher levels.Following their talks, the two leaders witnessed the signing of a number of documents on bilateral cooperation in economy, energy, finance, culture and other areas.Wen arrived here from India earlier in the day for a three-day visit to the South Asian country, where he is also scheduled to address a joint session of the Pakistani parliament and inaugurate the China-Pakistan Friendship Center, a project built to facilitate exchanges among the two countries' students, media and academic circles.
来源:资阳报