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BEIJING, Nov. 10 (Xinhua) -- China's central bank moved a step further to tighten liquidity amid increasing inflation pressures as it ordered Chinese banks to set aside more reserves on Wednesday.The People' s Bank of China, or the central bank, announced it would raise the deposit reserve requirement ratio (RRR) for Chinese financial institutions that accept deposits by 50 basis points from Nov. 16, which was estimated to freeze more than 300 billion yuan (45.1 billion U.S. dollars).The order came on the eve of Thursday's release of China' s October consumer price index (CPI), which is projected, by some economists, to reach 4 percent.The RRR for the four big state-owned banks - the Industrial and Commercial Bank of China, China Construction Bank, Bank of China and Agricultural Bank of China - will stand at 18 percent once the rise takes effect.Further, Wednesday's move will raise the deposit reserve ratio for other large financial institutions to 17.5 percent and that for small-and medium-sized financial institutions to 15.5 percent.The adjustment is the fourth RRR increase the central bank has ordered for Chinese banks this year, and the first time it has done so since it hiked interest rates by 0.25 percentage points last month.Chinese experts believe combined concerns, ranging from the looming hot money inflows caused by the United State quantitative easing to the growing inflation risks and soaring assets bubbles, have caused the central bank to raise the RRR to rein in liquidity."The central bank announced interest rates hikes and the RRR rise within one month, as the U.S. 600 billion-US-dollar quantitative easing is likely to send more speculative capital flowing to the emerging markets, and domestic commodities prices continue to increase, " senior economist with the Asian Development Bank, Zhuang Jian said, adding that the RRR increase will trim the banks' credit capital, which will help curb market speculation inflows and stabilize commodities prices.China's central bank, on Oct. 20, announced a rise of its benchmark one-year lending and deposit rate by 0.25 percentage points, the first interest rates hike in three years, as the nation's CPI hit a 23-month high to 3.6 percent in September.October's CPI is due to be announced on Thursday, while economists anticipate the October year-on-year inflation is likely to rise to 4.1 percent.Further, prices of China' s edible farm produce have witnessed consecutive increases since mid-October, as prices of 18 types of vegetables in 36 large and medium-sized cities rose by 4.9 percent during the week that ended Nov. 7, according to data released Wednesday by the Ministry of Commerce.Zhang Ping, head of the National Development and Reform Commission, said Tuesday that the nation's CPI is expected to exceed the government' s annual target of 3 percent.Also, the nation's real estate prices continued the upward trend in October, though at a slower pace, with property prices in 70 major Chinese cities increasing by 8.6 percent year on year in October, down from the 9.1-percent increase in September, the National Bureau of Statistics showed Wednesday.Li Huaiding, analyst with the Guoxin Securities Co., said Wednesday's rise would contribute to scaling back liquidity, but pressures still exist in the upcoming months, and the central bank may again increase interest rates before the end of the year.Additionally, the central bank said in a report issued on Nov.2 that it would gradually normalize the monetary policy from its counter-crisis mode and tighten control over liquidity to maintain moderate credit growth in the coming months this year.

BEIJING, Dec. 28 (Xinhua) -- Chinese Minister of National Defense said on Tuesday it had reduced the country's military reserves forces from 600,000 to 510,000 men and women over the past five years.China has also reduced the number of people in its militias from 10 million to eight million during the same period, said Gen. Liang Guanglie in an interview with Xinhua.It is the first time the Chinese government has given the exact number of people in the reserve forces and militias. In times of emergencies, the reserve forces and militias can be ordered to assist China's 2.3-million regular troops, the People's Liberation Army (PLA).Although China has experienced around 30 years of peace, Gen. Liang said the PLA has never relaxed its military preparations and vigilance especially at a time when "regional military conflicts can not be ruled out."In times of peace, the PLA's reserves conduct regular military training and participate in non-combat military operations, such as disaster relief work.The minister said the PLA had pushed forward military reforms in the past five years to build a more powerful military with upgraded weapon systems and high-quality personnel.Currently, 80 percent of the PLA's officers have four years of higher education compared with 25.8 percent in 1998, Gen. Liang said.To improve the quality of military personnel, the Chinese government has encouraged university graduates to join the armed forces since 2009. More than 100,000 college graduates gained their uniforms in 2010.In the past five years, China has dispatched more than 13,000 United Nations-commissioned peacekeepers to carry out 13 U.N. missions around the world, according to Liang.The PLA also sent professional units to Haiti, Pakistan and other countries and regions for disaster relief efforts and to give medical aids and other humanitarian relief, he said.

BEIJING, Dec. 31 (Xinhua) -- China is poised to further improve its people's livelihoods and promote social equity in 2011, the inaugural year of implementing its development blueprint for the 12th Five-Year-Plan period.Only with deep respect and extensive care for people's wills and interests can a ruling party have inexhaustible support from the people and the country, under the leadership of such a party, can accomplish remarkable achievements in development.China, under the leadership of the Communist Party of China (CPC), is prepared to further deepen reforms in education, health care, housing, public cultural services and enhance investment in people's livelihoods in the new year.Also, more attention of the authorities will be given to protecting the legal rights of China's vulnerable groups and ordinary workers, as well as fulfilling the general public's expectations for a better life.Thanks to the strong leadership of the CPC, China has succeeded in keeping a strong pace in social and economic development over the past year, which marks the perfect conclusion of its well-implemented plan for the last five years (2006-2010).In 2010, China had a relatively rapid economic development. It picked up steps towards economic restructuring and achieved a seventh consecutive year of growth for China's grain output, as well as bettering people's livelihoods, deepening reforms and opening up.China successfully stood the test of natural disasters, including widespread droughts in the southwest region, a 7.1-magnitude earthquake and a huge landslide in northwest Qinghai and Gansu provinces.The government's quick and efficient responses to these emergencies have, for another time, demonstrated the superiority of China's socialism and the great achievements in China's reform and opening up.The country also held the Shanghai World Expo which, attracting 246 participating countries and international organizations and a record number of 73 million visitors, has been hailed as the largest ever such event.Further, the 16th Asian Games held in the southern China city of Guangzhou drew some ten thousand athletes from 45 countries and regions in Asia to compete.The two events provided a splendid picture of how Chinese culture and the world's other cultures co-exist in harmony and displayed a broad-minded and open image of China.All those experiences and achievements China earned in 2010 has set a strong foundation for China to further its reforms and development in the forthcoming five years.A critical period for China to build a well-off society in an all-around way, the coming five to ten years will be a more difficult phase of China's reforms, which will be marked by the interweaving of short-term and long-term problems, structural and systematic problems, as well as domestic and international challenges.That means China will be faced with a more urgent and challenging task in transforming its economic growth mode, improving people's livelihoods and safeguarding social stability.But, basically, China is still within a period of strategic opportunities for its development. China should grasp opportunities for development while tackling challenges.In 2011, China is set to speed up its economic restructuring, with more attention directed to stabilizing its overall price level.China will step up its move towards a coherent and sustainable economic development, maintaining a balance between the speed of development on the one hand, and the economic structure and the quality and efficiency of economic growth, on the other.It is convinced that China, with a strong CPC leadership, will make greater achievements in development in a scientific way and well resolve social and economic conflicts and disputes in 2011, thus advancing the socialism with Chinese characteristics into a brighter future.

BEIJING, Dec. 2 (Xinhua) -- China on Thursday said it expected a trilateral meeting in Washington next week to ease tensions on the Korean Peninsula, promote dialogue rather than inflame the situation."As the situation on the Korean Peninsula is highly complicated and sensitive, we expect the meeting to ease tensions and promote dialogue, rather than heighten tensions and intensify confrontation," Chinese Foreign Ministry spokesperson Jiang Yu said in a statement Thursday night.Jiang made the statement, referring to a meeting among the foreign ministers of the United States, Japan and Republic of Korea, which is scheduled for next Monday in Washington.

BEIJING, Nov. 18 (Xinhua) -- Chinese Vice Premier Wang Qishan on Thursday agreed with U.S. Commerce Secretary Gary Faye Locke and Trade Representative Ron Kirk to enhance bilateral trade cooperation.In their latest phone talks, the two sides exchanged views on the China-U.S. economic and trade relations and other issues of common concern.They agreed to deepen communications and cooperation in order to guarantee a successful outcome of the forthcoming 21st session of the China-U.S Joint Commission on Commerce and Trade (JCCT) and lay a favorable foundation for a state visit by Chinese President Hu Jintao to the United States slated for early next year.The JCCT was established in 1983 as a platform for the two countries to promote trade relations and address issues of mutual concern. The last session was held in the eastern Chinese city of Hangzhou in October last year.

来源：资阳报