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BEIJING, March 23 (Xinhua) -- China's year-on-year inflation rate was expected to be between 2 to 2.5 percent for the first quarter this year, the country's top economic planner said here Tuesday.The consumer price index (CPI), a main gauge of inflation, would see a "moderate increase" in the first quarter, the National Development and Reform Commission (NDRC) said in a statement on its website.China's CPI rose 2.7 percent from a year earlier in February, according to data from the National Bureau of Statistics.Food prices would begin to fall as the weather got warmer, said the statement. In February, food prices rose 6.2 percent from the previous year due to the Lunar New Year holiday and poor weather.The Lunar New Year holiday, or Spring Festival, is the most important traditional festival in China for family reunion. People usually spend a lot on food, alcohol, cigarettes and gifts during the period.The February CPI was within normal range, compared with the Spring Festival months in previous years, said Zhou Wangjun, deputy director of the Department of Prices of the NDRC.However, Zhou warned that there were still uncertainties in the price trend, including fluctuation in international commodities prices.China targets a consumer price rise of around 3 percent this year, according to a government work report delivered by Premier Wen Jiabao at the opening of the annual session of the National People's Congress earlier this month.

BEIJING, March 11 (Xinhua) -- The Bank of China (BOC) plans to issue new Hong Kong-listed H shares, about 20 percent of its current H shares, as soon as possible, said BOC Board Chairman Xiao Gang Thursday.But the BOC had to wait for approvals from shareholders and securities regulators on the mainland and in Hong Kong, Xiao said.The BOC, China's third largest bank by market value, in January declared it would sell no more than 40 billion yuan (5.86 billion U.S. dollars) of bonds convertible to A shares to improve capital adequacy.The BOC currently had no acquisition plans in China or overseas, Xiao said.The biggest credit risks lied in the local governments' financing units and the BOC was tightening loans to these units, he said.

SHANGHAI, Jan. 15 (Xinhua) -- Chinese President Hu Jintao Friday called on the Chinese people to pool their strength and resources to make sure the Shanghai World Expo a success.     With just 106 days to go before the Expo opening on May 1, Hu visited the Expo site Friday during an inspection tour in Shanghai.     "Hosting the World Expo is not only a significant event of Shanghai, but also of the whole nation," he said, noting it was both the responsibility of Shanghai and the whole country to hold a successful Expo. Hu Jintao (L front), general secretary of the Central Committee of the Communist Party of China, Chinese president and chairman of the Central Military Commission, shakes hands with workers and personnel who work for the construction of the Shanghai World Expo park in Shanghai, east China, Jan. 15, 2010. Hu Jintao paid a visit here to inspect the preparation of Shanghai World Expo on Jan. 15    He urged Shanghai to make "all-out efforts" to efficiently complete the preparations and be a good host.     He asked central government departments and local governments to take initiative and make concerted efforts in supporting the event. Hu Jintao (C), general secretary of the Central Committee of the Communist Party of China, Chinese president and chairman of the Central Military Commission, inspects the under-construction World Expo park in Shanghai, east China, Jan. 15, 2010. The Expo's organizing committee should enhance its leading role and supervision to push forward relevant preparatory work orderly, he said.     Hu put forward six requirements on the Expo's preparatory work:     - To ensure the Expo site's infrastructure building and exhibition arrangements be completed on time;     - To ensure sound service and logistics;     - Security should be fully guaranteed;     - Foreign affairs work, including receptions of international guests, must be well handled;     - To ensure efficient and effective publicity work;     - To create a civilized, happy and peaceful atmosphere.     Hu said though the Expo was a big challenge, he believed it would be a "successful, brilliant and memorable" event with the support of the Chinese people, especially the contributions of Shanghai officials and residents.     The Shanghai World Expo, which is expected to receive 70 million visitors, will last from May 1 to Oct. 31.     So far, 35 of the 42 self-built foreign pavilions have started interior decoration and exhibition arrangement, and 11 joint pavilions have been completed.

BEIJING, Jan. 29 (Xinhua) -- Principled consensus was reached between China, European Union Naval Force, the North Atlantic Treaty Organization (NATO) and the Combined Maritime Forces (CMF), China's Ministry of National Defense said on Friday.The consensus, outlining the shipping escort cooperation based on "areas of responsibility" in the Internationally Recommended Transit Corridor (IRTC), was approved Thursday at the the plenary meeting of the Contact Group on Piracy off the Coast of Somalia in New York, said a statement from the ministry.Previously, China had suggested cooperation be based on "areas of responsibility" under the UN Security Council resolutions while EU, NATO and CMF proposed coordination guidelines of the IRTC.China and the three parties conducted rounds of consultations at the contact group meeting, international coordination meeting in Beijing and the Shared Awareness and Deconfliction (SHADE) system meeting in Bahrain.The final principled consensus absorbed components of "areas of responsibility" in escort missions cooperation and the coordination guidelines of IRTC, showcasing concerted effort by all parties.China always takes a positive and open attitude towards international cooperation on shipping escorts, and would like to cooperate with countries and organizations in line with UN Security Council resolutions for peace and stability in the Gulf of Aden and Somalia waters, said the statement.

GENEVA, March 16 (Xinhua) -- A senior Chinese diplomat on Tuesday called for international cooperation in dealing with global challenges such as economic crisis, climate change and the shortage of energy and resources."The impact of the global economic crisis is still with us, while global challenges such as climate change, energy and resources, public health security have become increasingly prominent," said He Yafei, China's new ambassador to the United Nations Office in Geneva."Collective efforts are essential, under the present new circumstances, if the above global problems are to be put behind us. No country can do it alone," He told a reception marking his assumption of office.According to the ambassador, China has always stood for intensified international cooperation to meet global challenges."Over the past year, China has actively participated in international cooperation to address international financial crisis and climate change, and played a unique and constructive role in a series of major international conferences," he told diplomats and journalists at the reception.He added that China had all along championed multilateralism, and the country had been resolute in supporting the positive role of the United Nations in maintaining world peace and security, promoting common development and safeguarding human rights.