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BEIJING, Nov. 25 (Xinhua) -- China's central bank warned about the risk of credit card related bad debt on Thursday as money owed 180 days past the due date was on the rise in the third quarter.Credit cards debt 180 days past the due repayment date stood at 7.92 billion yuan (1.19 billion U.S. dollars) by the end of the third quarter, up 8.5 percent from the second quarter, according to a statement released Thursday on the website of the People's Bank of China.Taking this into account, the central bank warned commercial banks to pay close attention to risks associated with credit card related bad debt.Money owed 180 days past the due repayment date accounted for 2.1 percent of the total amount of debt by the end of the third quarter, down 0.4 percentage point from the second quarter, according to the statement.

BEIJING, Dec. 22, (Xinhua) -- China has rejected the Vatican's criticism of a recent national congress of Chinese Catholics, blaming the Vatican for damaging relations between the two sides.A spokesperson for the State Administration for Religious Affairs (SARA) said Wednesday the Vatican's criticism was very imprudent and ungrounded.In a statement dated Dec. 17, the Vatican condemned the congress, which elected the new leadership of China's Catholic church, and accused China of violating religious freedom.The congress from Dec. 7 to 9 elected the heads and other senior members of the Chinese Catholic Patriotic Association (CCPA) and the Bishops' Conference of the Catholic Church in China (BCCCC).The spokesperson said the congress, which is held every five years to amend the CCPA's and BCCCC's constitutions, elect a new leadership and set future agenda, does not deal with Catholic doctrines or violate the fundamental Catholic faith, and "there is no question of getting recognition by any foreign organization or state."The spokesperson said China's religious freedom was protected by the Chinese Constitution, and it was a misinterpretation by the Vatican to declare the incompatibility of Catholic doctrine and the Chinese Catholic church's principle of independent self-governance.China's Constitution grants Chinese citizens freedom of religious beliefs, but requires independence of religious organizations and affairs in China from foreign influence.Under this constitutional provision, the Catholic church and other religions in China adhered to the principle of self-governance and self-support, the spokesperson said.The CCPA and the BCCCC endorsed this principle in their new constitutions adopted at the congress, according to the spokesperson."The BCCCC fulfills her Pastoral Mission at the Faith and Evangelization according to the power and authority of our Lord Jesus Christ and the Holy Spirit endowed upon His Disciples," said the BCCCC's constitution.On the dogma and moral teachings of the Church, the constitution said the BCCCC is "in union with the Successor of St. Peter, the Head of the community of the Disciples.""Has the Vatican not read the two constitutions? Or is it obscuring the boundary between faith and politics on purpose?" the spokesperson said in response to Vatican's declaration of the incompatibility of the constitutions with Catholic doctrine.

BEIJING, Jan. 13 (Xinhua) -- Vice Premier Li Keqiang's three-nation visit to Europe has expressed China's confidence, boosted mutual trust, expanded cooperation and deepened mutual understanding, Vice Foreign Minister Fu Ying said Thursday.Li returned to Beijing on Thursday afternoon after making visits to Spain, Germany and Britain at the invitations of their governments.Fu said that the vice premier's visits took place as the deep-seated impact of the international financial crisis remains unabated, the global economic recovery still faces uncertainties, and as Europe is in a tough fight against sovereignty debt crises.The visits were a great success and have been a solid start for the development of China's relations with Europe in 2011, Fu said.ENHANCED MUTUAL UNDERSTANDINGAccording to the vice foreign minister, Li said during his visit that China is a strategic partner of the three nations, and shares with them extensive common interests. Calling China's development an opportunity for the European countries, Li also said their prosperity and stability means opportunity for China.China is willing to work in concert with the three nations to rise to the challenges and seek common development, Fu quoted Li as saying.When visiting Spain, Li said choosing Spain as the first leg of his tour was to convey China's confidence in the country and the European Union (EU) in their fight against the sovereignty debt crises.Li called Spain a good friend and partner of China, and expressed China's willingness to intensify their traditional friendship and cooperation, and express its confidence in Spain's ability to tide over the current economic difficulties.Recognizing Germany as China's important partner in the EU, Li hailed their close cooperation and their mutual respect of each other's core interests.He expressed the hope that the two sides will understand and settle each other's concerns with a positive attitude in the new situation so as to further deepen bilateral ties.During his stay in Britain, Li said, to enhance the stability of bilateral relations, the two countries should continue treating each other on an equal basis and respecting each other's path of development.The Chinese leader said he wishes for China to deepen cooperation with the three nations and the EU when combating crises, and to establish with them a partnership featuring future-orientation, equal treatment, mutual benefit and an all-win result, and sustainable development.He also hoped the countries could promote the EU to recognize China's full market economy status and lift arms embargo on China, Fu said.The three nations all see China's development as opportunities instead of threats. Considering China and the EU as two big economies and major forces in the world, they believe their enhanced cooperation will contribute to peace, prosperity and stability of the world, Fu said.They also expressed the desire to work with China to bring their ties with China as well as the EU-China relationship to new levels, Fu added.STRENGTHENED TRADE, ECONOMIC RELATIONSFu said that, during Li's visit, he saw new developments in energy exploration and scientific and technological innovation in the three nations, and signed with them cooperation deals in energy and resources, aviation, telecommunication, finance, machinery, and tourism.As China's economy and that of the EU are quite complementary, Li lauded the great potential for Europe's cutting edge in technology to combine with China's huge market.Li urged both sides to consolidate traditional cooperation, explore new cooperative areas, develop large projects and create new cooperation highlights. He also expected the two sides to boost the level of technological cooperation and jointly explore the third-party markets to bring mutual benefits and achieve a win-win result for all.Vowing to further improve the investment environment, the Chinese leader welcomed more European enterprises to invest in China. He also encouraged more Chinese investment in Europe.Li wished that the three countries could join hands with China to combat trade and investment protectionism, ease restrictions on high-tech exports to China and further facilitate Chinese businessmen's travels to Europe.According to Fu, Li also expounded on China's stances on the issues of the exchange rate of China's currency, government procurement, technology transfer, protection of intellectual property rights and rare earth export.

JINAN, Dec. 21 (Xinhua) -- China and the Republic of Korea (ROK)Tuesday launched a joint land and sea transport services in a bid to cut logistics costs and boost trade.Semi-trailers loaded with cargo can now be shipped between Qingdao, Rizhao, Yantai, Weihai, Longyan and Shidao in the eastern Chinese province of Shandong and Incheon, Pyungtack and Kunsan in the ROK.The service can cut transport time by 3.5 hours and reduce costs by 50 U.S. dollars per container, as trailers can be driven directly to customers without unloading and loading, according to the ROK's Transport Research Institute.The service is expected to boost the shipments of fresh vegetables, live fish and other fragile products such as glass and electronics.Gao Hongtao, deputy director of the Shandong Provincial Transportation Bureau, said that with continuous oxygen charging and temperature control, the service can increase by 10 percent the survival rate of live fish exported from Weihai to the ROK.The two countries would later allow trucks to be shipped, according to an agreement they signed in September. The ports might also later include locations such as northeast China's Liaoning Province, according to Ju Chengzhi, director of the international cooperation department with China's Ministry of Transport.This year marks the 20th year since the launching of cargo, passenger and container sea transport services between China and the ROK. China has become the ROK's largest trading partner, both as its largest importer and exporter.

BEIJING, Dec. 14 (Xinhua) -- The Chinese government on Tuesday published guidelines on improving the country's funding system of grassroots medical institutions, according to a statement posted on the central government's official website www.gov.cn.The statement, posted by the General Office of the State Council, or Cabinet, said the government will introduce new measures to provide funding and subsidies to grassroots medical organizations and ensure the salary of medical staff did not decrease following a cut in the price of medicine.To ensure low income-earners can afford essential medicines, over half of China's medical clinics based in rural townships and small urban communities have been offering essential medicines at reduced prices since August 2009.Some medical institutions were short of revenue because of the reduced drug prices, which had affected their operations.According to the statement, expenditures of government-run grassroots clinics will be covered by government subsidies and medical service charges.To boost staff income, local medical institutions are allowed to raise service charges, which will be paid by the social insurance system instead of the patients, said the statement.The guidelines also asked local governments to offer subsidies to country doctors and other non-government grassroots medical institutions.