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New yuan-denominated lending in February dropped to 726.6 billion yuan (111.96 billion U.S. dollars), 297 billion yuan less than a year earlier, the People's Bank of China said in a statement on its website on Friday.

One highlight of the pilot programs was about public interest litigation. Since last July, prosecutors in 13 provincial divisions have been allowed to initiate public interest litigation cases concerning environmental protection, preservation of state assets as well as food and drug safety. So far, 12 cases have been filed directly by prosecutors on behalf of public interest.

Li made the remarks in a written instruction to a meeting on such work on Friday.

Basic pension benefits for enterprise retirees were increased to an average of 2,270 yuan per person per month. The minimum social pension benefits for participants of the basic old-age insurance for rural and non-working urban residents were raised from 55 yuan to 70 yuan per person per month. We moved forward with reform of the pension system for employees of Party and government offices and public institutions, establishing an annuity scheme for these employees while at the same time adjusting their basic salaries. We intensified efforts to implement the employment assistance initiative for university graduates as well as the scheme for guiding university students in starting their own business, and we also worked to strengthen the capacity of the government for providing public employment services. We gave stronger support to assistance efforts for subsistence allowance recipients, orphans, people with disabilities, and other disadvantaged groups. We further increased subsidies and living allowances to entitled groups, and worked to ensure the proper delivery of pension and other benefits to retired military personnel who now receive their benefits from the government.

"Protecting the interests of SOE employees will be a major task in the next step" of SOE reforms, Xiao Yaqing, head of the State-owned Assets Supervision and Administration Commission, said at a press conference Saturday.