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BEIJING, Jan. 24 (Xinhua) -- China's central bank asked the nation's lenders to increase loans for rural development as farmers and rural business still had limited access to financing.Banks should issue more microloans to farmers to foster rural industries and urbanization, Liu Shiyu, deputy governor of the People's Bank of China, said at a meeting on rural financing service on Sunday."More efforts should be made to encourage financial institutions to offer rural financing services and participate in rural financial market," he said.Rural credit cooperatives should speed up corporate restructuring and play a leading role in rural financial market, Liu said.He also urged efforts to establish more village banks, microcredit companies and new types of financial institutions.Poor access to fund, as one of the reasons, has long kept China's rural development left behind the urban modernization.The situation has not been significantly improved despite repeated calls by government, as banks are relunctant to lend for lack of collaterals.By the end of September 2009, rural loans increased 29.1 percent year on year to 8.8 trillion yuan (1.29 trillion U.S. dollars), 8.3 percentage points higher than a year earlier

Beijing, Feb. 8 -- China's banks will outpace their peers in India and Indonesia, the best performers in Asia's banking industry over the past decade, to deliver the highest returns over the next five to 10 years, analysis firm CLSA Ltd said.The top eight performers among Asian banks over the past decade were all from India, with gains of 400 percent to 3,000 percent, CLSA said in a research report released today.Indonesian banks ranked second over a three-to-five-year period, as no data was available for 10 years, the report said.Shenzhen Development Bank Co, China's first commercial bank to launch an IPO and get listed on Shenzhen Stock Exchange (in 1987), is expected to show a more than eight-fold increase in net profit for 2009, boosted by lower provisions for bad loans and higher net interest and fee income, the Wall Street Journal saidThe two countries recorded the highest credit growth, as India's loans increased 622 percent over the past 10 years, followed by 508 percent growth in Indonesia, Daniel Tabbush and Suangsuda Sinsadok, analysts at CLSA, said in the report.That shows "positive" implications for China's banks given the nation's 326 percent increase in loan growth over that period, they wrote in their analysis."Where China stock price data is only recent, we can at least assume that the fact that those banks are returning the third-highest loan growth over the past five and 10 years can in fact mean strong total returns over the long term," the analysts wrote.China's loan growth of 79 percent was the highest over the past three years, according to the report by CLSA, which is "overweight" on the nation's bank stocks as well as those in India and Indonesia.

BEIJING, Feb. 19 (Xinhua) -- Railway and highway stations and airports across China have seen increasing passenger flow since Thursday as millions of Chinese are returning to work or study when the week-long Spring Festival holiday draws to an end, transport authorities said Friday.The four railway stations in Beijing, one of the popular destinations for job hunters, received 150,000 passengers Thursday and the number is expected to sharply increase Friday, the last day of the seven-day Chinese Lunar New Year holiday, Beijing Railways Bureau said in a press release.Most of the passengers are tourists, migrant workers and students whose travel time was less than ten hours.Long-distance travelers are expected to arrive Friday, bringing pressure on downtown traffic, according to the bureau.People queue up to buy tickets at a railway station in Shenyang, capital of northeast China's Liaoning Province, on Feb. 18, 2010. Coach and railway terminals in major Chinese cities are bracing for a fresh travel rush, as millions of festival travelers set foot on return trips to city work after the week-long Spring Festival holidayThe authorities of Beijing Railway Station and Beijing West Railway Station arranged 18 pairs of additional trains to cope with the travel peak, it said.Public transport authority of Beijing has mobilized more buses to ensure passengers can leave railway stations as quickly as possible. People queue up to buy tickets at a railway station in Shenyang, capital of northeast China's Liaoning Province, on Feb. 18, 2010. Coach and railway terminals in major Chinese cities are bracing for a fresh travel rush, as millions of festival travelers set foot on return trips to city work after the week-long Spring Festival holidayThe ticket hall of Shijiazhuang Railway Station in the capital of Hebei Province that neighbors Beijing was crammed by anxious passengers Friday, when more than 52,000 people are expected to travel by train.Wang Aishu, waiting for getting onboard a train, was at ease holding a ticket he bought six days ago."I knew there will be a travel peak so I bought a ticket as soon as I arrived at the station on the eve of the Spring Festival," said Wang, who was heading for Dongguan City in Guangguang Province to work.The station mobilized 60 officers to help passengers and maintain order.Trains carried away 373,400 people from Hubei Province in central China Thursday, up 20.5 percent as against the same day last year. The volume is expected to rise Friday and Saturday, according to the Railways Bureau of Wuhan, the provincial capital.The railway station of Hefei, capital of Anhui Province in east China, has sent off about 30,000 passengers every day since Thursday to the major destinations of Beijing, Guangzhou, capital of Guangdong Province, and some other big cities.The station set up 50 ticket booths, including 20 additional ones, to meet the booming demand for departure.The railway station of Nanning, capital of Guangxi Zhuang Autonomous Region in south China, will see 34,000 passengers leaving for other regions Friday, up 17 percent as against that of Thursday.However, a passenger surnamed Huang failed to get a ticket to his workplace of Hangzhou in Zhejiang Province."Tickets are sold out, only those for training leaving after Feb. 25 are available," said Huang, carrying heavy luggage.The country's railways served about 5.44 million passengers nationwide on Thursday, an increase of 12.5 percent over the same day last year, according to the Ministry of Railways (MOR) Friday.The ministry said the number of long-distance travelers increased markedly as more people decided to make an earlier return trip to avoid the traffic boom, and the volume is expected to peak on Friday and Saturday.About 210 million passengers will travel during the 40-day rush period beginning January 30, a 9.5 percent rise compared with a year earlier, MOR had estimated.During the holiday period, 1,972.5 pairs of passenger trains were put into use every day on average, an increase of 156 pairs compared with the same period last year.The trains served with an average daily transport capacity of 5.57 million people, an increase of 430,000 people compared with the same period last year, according to the ministry.In Shandong Province, volume of coach passengers also kept increasing in the past few days.More than 90,000 people are expected to take coach Friday to leave Jinan, the provincial capital, said Zhu Mi, media officer with the city's long-distance coach station.The station is able to handle a maximum volume of 100,000 passengers a day, he said."I left home at 6 a.m. to catch the bus, but every coach has been fully loaded," said a migrant worker who planned to seek job in Guangzhou.Shenzhen, a popular workplace for migrant workers in Guangdong, has seen an increasing number of air passengers over the past several days. More than 45,000 passengers arrived in the city on Thursday and 47,000 others are coming, the airport authority said.The Lunar New Year fell on Feb. 14 this year and is an important traditional festival of family reunions.

BEIJING, Feb. 27 (Xinhua) -- China's massive stimulus package has proved effective, with the Chinese economy having bottomed out and now in recovery mode, Chinese Premier Wen Jiabao said during an online chat Saturday.The stimulus package brought confidence and courage, and improvements have been gradually made during its implementation, Wen said while chatting online with Netizens at www.gov.cn and www.xinhuanet.com.Boosted by a raft of stimulus measures, China's economy expanded 8.7 percent in 2009, staging a speedy recovery after being hit by the worst global financial crisis in eight decades.Chinese Premier Wen Jiabao (L) prepares to chat with Internet surfers on two state news portals in Beijing, China, Feb. 27, 2010. The two portals, the central government website (www.gov.cn) and the Xinhua News Agency website(www.xinhuanet.com), will jointly interview Wen, which will be shown live in both text and videoThe stimulus package included fiscal spending; tax cuts; adjustment and support policies for key industries; support systems for scientific development; and improvements in the social security system.The package has contributed to the nation's development and people's livelihood with both economic and social achievements, he added.

BEIJING, Feb.7 (Xinhua) -- China's railway network has transported 5.03 million passengers as of Feb. 6, the eighth day of the country's annual Spring Festival transport peak lasting from Jan. 30 to March 10 this year, said the Ministry of Railway (MOR) Sunday.The figure was 105,000 more than that in the same time last year, up 2.1 percent year on year, according to the MOR. Passengers enter the railway station under a shelter against the rain in Guangzhou, south China's Guangdong Province, Feb. 7, 2010. In spite of a heavy rain, the Guangzhou Railway Station was estimated to transport 230,000 passengers on Saturday, 5,000 more than the peak day of last yearBeijing railways have transported 347,418 passengers by Feb.6, and the figures in Guangzhou and Shanghai stood at 576,710 and 325,190, the MOR said.The MOR had forecasted in January that China's railways were expected to transport 210 million passengers during the Lunar New Year travel rush, up 9.5 percent year on year.  Passengers enter the railway station under a shelter against the rain in Guangzhou, south China's Guangdong Province, Feb. 7, 2010. In spite of a heavy rain, the Guangzhou Railway Station was estimated to transport 230,000 passengers on Saturday, 5,000 more than the peak day of last year.

来源：资阳报