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BEIJING, Dec.24 (Xinhua) -- China will bring its overall money supply to a normal level with a range of policy tools next year as the government shifts monetary policy from "moderately loose" to "prudent", the central bank said Friday in a statement on its website, citing Deputy Governor Hu Xiaolian.Hu, a deputy governor of the People's Bank of China (PBOC), said at a meeting with bankers that China needs a shift to a prudent monetary policy to rein in rising consumer prices and curb asset bubbles.China is facing tremendous inflationary pressures, with the country' s consumer price index (CPI), a main gauge of inflation, accelerated to a 28-month high in November of 5.1 percent."The major task for next year's monetary policy will be normalizing money supplies," she said, noting that the growth in money supply, mostly measured by M2, or the broad money supply, should be slowed from the pace during the implementation of a moderately loose policy.The Chinese government should maintain a "reasonable and moderate" credit growth next year that is in line with the country's goal in economic development and inflation control.New yuan-denominated loans in China stood at 7.45 trillion yuan in the first 11 months of this year - just shy of the government's full-year target of 7.5-trillion-yuan.Hu said with the global financial crisis having eased from its peak and China's stabilized economic momentum, the country is able to maintain a steady and relatively rapid economic growth with a prudent monetary policy.Hu stressed that China is facing pressure due to ample liquidity from home and abroad, and for the next phase, the Chinese government will work on liquidity controls with a range of policy tools, including open market operations and adjustment in interest rates and reserve requirement ratios.She highlighted the use of the differential reserve requirement ratio to supplement regular policy tools, which could guide banks to lend "reasonably, moderately and steadily" and boost risk controls in the financial system.China increased interest rates by 0.25 percentage points in October and hiked the bank reserve requirement ratio six times this year to 18.5 percent and 19 percent for some large commercial banks in a move to curb lending amid accelerating inflation.

NANJING, Dec. 12 (Xinhua) -- China on Sunday started to extend a memorial wall to engrave more names of those massacred by Japanese aggressors more than 70 years ago in Nanjing.After extension, the "wailing wall", a part of the Memorial Hall of the Victims in Nanjing Massacre by Japanese Invaders, will have 10,324 names on it, curator Zhu Chengshan said.The wall was engraved with 3,000 names when it was first built in 1995, and the list was expanded to more than 8,600 names in 2007 when the memorial reopened after a major repair and extension to mark the 70th anniversary of the massacre.The original wall was 43 meters long and 3.5 meters high. The extension will lengthen the wall by 26.5 meters, with 1,655 more names added to it, according to Zhu.Nanjing Massacre happened during World War II after Japanese troops occupied Nanjing, then capital of China, on Dec. 13, 1937. More than 300,000 Chinese were killed in the month-long atrocity.To collect the names of the victims is an important but tough job in the research of the massacre, as it is hard to seek witnesses and related documents decades after the holocaust, said Zhu.

BEIJING, Nov. 17 (Xinhua) -- A senior leader of the Communist Party of China (CPC) Wednesday called for the fight against corruption to be stepped up to facilitate China's social and economic development.He Guoqiang, a member of the Standing Committee of the Political Bureau of the CPC Central Committee and Secretary of the CPC's Central Commission for Discipline Inspection, made the remarks while addressing a meeting in Beijing, according to a statement given to Xinhua.Fighting corruption would help China to secure the implementation of its new five-year development program for 2011-2015 and the transformation of the country's economic growth mode, He said.He called for innovation in guidelines, ways and mechanisms to fight corruption among officials, adding intensified efforts should be made to address problems the public complained about most.He told scholars at the meeting that the role of scholars and experts in bringing messages of the masses to the attention of the authorities had been valuable in helping communication.

NANJING, Dec. 13 (Xinhua) -- About 5,000 Chinese and foreigners gathered Monday in Nanjing, capital of east China's Jiangsu Province, to mourn hundreds of thousands of people who were killed by invading Japanese troops 73 years ago.Participants in the ceremony stood in silent tribute, offered wreaths and bowed in front of the Memorial Hall of the Victims in the Nanjing Massacre, with sirens wailing in the drizzling morning on Monday, the 73rd anniversary of the massive slaughter."The Japanese soldiers invaded Nanjing when I was four, and they killed some of my family members. On the anniversary of the massacre every year I would come here to express my grief," said Sun Xuelan, a 77-year-old survivor, who is confined to a wheelchair.Japanese troops occupied Nanjing on Dec. 13, 1937 and began a six-week massacre. Records show more than 300,000 people -- not only disarmed soldiers , but also civilians -- were killed.Mikhalchev Mikhail, deputy director of the Central Museum of the Great Patriotic War in Russia, said, "In the history of human civilization, some facts shouldn't be forgotten, and the Nanjing Massacre was one of them."He noted that the tragedy had become a symbol of the Chinese people's bitter suffering and prompted all people to learn the preciousness of peace.""We should remember the history, but not hatred. Peace is a common desire of all human beings," said Nanjing citizen Yu Hong , who attended the ceremony.Besides the memorial ceremony, Buddhist monks from China and Japan held a religious service Monday at the Memorial Hall of the Victims of the Nanjing Massacre.The assembly was attended by 15 monks from six Buddhist temples in Japan, more than 50 monks and Buddhist believers from China and thirty Massacre survivors and relatives of victims.The monks chanted Buddhist prayers of mourning and prayed for peace.Aori Take Shuna, abbot of Japan's Reiunti Temple, read a poem he wrote to honor the dead and prayed for long-term friendship between the peoples of China and Japan.Yamauchi Sayoko, who was a representative of a sect of Japanese Buddhism, said that the people of Japan, which invaded and occupied China in the 1930s and 1940s, were deeply regretful for the victims of the war and sincerely hoped such a tragedy would never be repeated.Built in 1985, the memorial hall annually records five million visitors since it was expanded and renovated in 2007.Zhu Chengshan, curator of the hall, said that every year when the anniversary of the Nanjing Massacre occurs , nearly 10,000 Nanjing citizens would swarm the hall and spontaneously mourn the victims.On Sunday, workers began to extend a memorial wall at the memorial hall on which names of those killed are engraved.After the extension, the wall would have 10,324 names, 1,724 more than three years ago, Zhu said.Collecting the names of the victims was an important job in researching the Massacre, but it was difficult to find witnesses and documents decades later, he said.Moreover, a group of historians from China, Japan and the United States has begun compiling an encyclopedia on the Nanjing Massacre, which was expected to embody a wide range of historical documents and pictures. "The dictionary may serve as a consolation to the deceased," Zhu said.