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BEIJING, March 17 (Xinhua) -- The People's Bank of China (PBOC), or the central bank, auctioned 50 billion yuan (7.61 billion U.S. dollars) of three-month bills at a yield of 2.7944 percent on Thursday, temporarily easing speculation of an approaching interest rate hike.The yield on three-month bills stood unchanged from last week at 2.7944 percent.Also, PBOC sold 60 billion yuan (9.13 billion U.S. dollars) worth of 91-day repurchase agreements to banks on Thursday with a yield of 2.8 percent.Offsetting the 181 billion yuan (27.55 billion U.S. dollars) of bills and repurchase agreements that matured, PBOC took 49 billion yuan (7.46 billion U.S. dollars) of liquidity out of the money market this week through open market operations on Tuesday and Thursday.Market analysts have been watching PBOC's open market operations closely this week as the yield of its one-year bill sold on Tuesday exceeded the benchmark interest rate of one-year deposits, which some analysts interpret as a reason for an imminent interest rate hike.Chen Lan, an analyst with Guotai Junan Securities, said higher yields on central bank bills would boost PBOC's ability to absorb liquidity from the market amidst the country's economic tightening efforts."But the hike of interest rates is not an imminent task for the central bank amid the slowdown of China's industrial investment in February, which weakened consumer confidence, and economic uncertainty overseas," Chen said.China's industrial value-added output grew 14.1 percent in the first two months of this year, the National Bureau of Statistics (NBS) announced on Friday.The growth rate during the first two months was up by 0.6 percentage points compared to that in December of last year, according to figures released by the NBS.Chen predicted that PBOC will reduce its frequency to raise banks' reserve requirement ratio in coming months but said the rate hike expectation would continue this year as the government is hoping to curb the red hot property market and soaring inflation.China's consumer price index (CPI), a main gauge of inflation, rose 4.9 percent year on year in February, adding more monetary tightening pressure to the government. 

WASHINGTON, April 4 (Xinhua) -- New research from the University of Pennsylvania School of Medicine has revealed an increased incidence of major adverse cardiac events (MACE), such as heart attack, stroke, and cardiovascular death, in patients with severe psoriasis. The study results were reported Monday at the annual American College of Cardiology meeting in New Orleans.Psoriasis is a common inflammatory skin disease, and if severe, has been demonstrated to be a risk factor for cardiovascular disease. However, the degree to which psoriasis is associated with MACE has not been defined.In a cohort study analyzing data from a general practice research database, Lead author Nehal Mehta, director of Inflammatory Risk in Penn's Preventive Cardiology program, and colleagues reviewed the case histories of over 3,600 patients with severe psoriasis and 14,300 controls. They found that patients with severe psoriasis have a 53 percent increased incidence of MACE compared to the general population. They also found that having a diagnosed case of severe psoriasis confers an additional ten-year risk of six percent on MACE.Previous work from Mehta and colleagues found that the risk of death from cardiovascular disease increased by 57 percent in patients with severe psoriasis. In addition, the relative risk of death from cardiovascular disease was even higher in younger patients, who were as young as age 40.The researchers conclude that this new estimate of increased ten-year MACE may warrant more aggressive strategies for treatment of cardiovascular risk factors in patients with psoriasis.

GUIYANG, Feb. 13 (Xinhua) -- Chinese Vice Premier Li Keqiang has called for providing more support to the country's less developed regions, saying priority should be placed on improving the people's livelihood.He made the remarks during an inspection tour to Qiannan Buyi and Miao Autonomous Prefecture and Guiyang City in southwest China's Guizhou Province from Feb. 11 to 13, according to an official statement Xinhua received Sunday.Li said more attention should be directed to improve people's living standards as China is making efforts to achieve its strategic goals of development.During his tour, Li visited some residents' homes at a poor village in Libo County of Qiannan.He called for greater efforts to improve people's livelihood, a step which would help boost domestic demand and facilitate the transformation of the nation's economic growth mode.Li urged local authorities to work well on the safety of drinking water, road construction in rural areas, and the remodeling of old houses. In particular, schools should be made accessible for children from poor homes.Further, he demanded greater efforts from local governments to improve the health care system that covers the three levels of county, township and village, and relieving the financial burden of the masses in health care services.In Guiyang, Li inspected a local company in constructing affordable housing for low-income earners and visited poor homes in Yunyan district. He said greater efforts should be made in accelerating the supply of affordable housing for those in need.

BEIJING, Feb. 8 (Xinhua) -- As the Chinese Lunar New Year hoilday ended Tuesday, waves of Chinese residents began their journey back to work, as they boarded trains, airplanes and buses.The China Meteorological Administration announced Tuesday that a cold front would cause temperatures to fall by 4 to 12 degrees Celsius in most parts of the country, while some areas in the northwest, north and southwest will see rainfall or snow from Wednesday to Friday.Fleets of motorbikes carrying thousands of migrant workers passed through national roads again on Tuesday.The Ministry of Public Security said it set up 8,300 service stations along the country's major highways to provide free food, medicine, and rest stops for motor-riding migrant workers. The stations also sent police cars to clear the way for large groups of motorists.Chen Tianchong, a migrant worker from Muge County, Guigang City of southwest China' s Guangxi Zhuang Autonomous Region and 38 of his fellow migrant worker started their journey on motorcycles at 4:30 a.m. on the foggy National Road 324, which is a 2,712-kilometer road linking five provinces of Fujian, Guangdong, Guangxi, Guizhou and Yunan in southern China.A motorcycle usually carried two people, often a couple, sometimes with a child sandwiched in between. They would wrap themselves in thick outerwear to battle the cold weather at night. Limited access to cheap public transportation had forced many migrant workers to make their trips home on their own."I promised my boss that I would go back to the factory in Guangdong before Wednesday," said Chen.Chen said that they might arrive at Dali County, Shunde City of south China's Guangdong Province around eleven at night, after more than 18 hours riding a motorcycle from their hometown. By this way, each family may save more than 1,000 yuan - half of their monthly income.Zhong Fei, another migrant worker also from Guangxi, chose this way home during the Spring Festival for the past three years. Zhong told Xinhua that earning money for his family was the most important thing and the exhausting trip was nothing.From Guangdong alone, one of China's manufacturing bases, over 100,000 migrant workers left for home on motorbikes, said the local police. The Spring Festival travel rush started in China in the late 1980s, when millions of farmers from inland China moved to coastal cities to work.In spite the increasing popularity of motor cycles, the majority of Chinese travelers still prefer trains or buses. Shandong province embraced the post-holiday passenger rush Tuesday, with railway stations witnessing 200,000 passengers in a single day.Highway toll booths near Beijing, Shanghai, Tianjin and other big cities in China have become clogged.Passengers are also snapping up airplane tickets. China Southern Airlines had increased flights from 30 to 70 flights per day.Official forecasts indicate that this year's Spring Festival holiday may see a record 2.85 billion passenger trips nationwide, as Chinese workers return home from across the country for family reunions and go back to work after the holidays.

LOS ANGELES, April 18 (Xinhua) -- Sugarcane has the effect of cooling temperatures, thus playing role in stemming global warming, a new study has found.Sugarcane does so by reflecting sunlight back into space and by lowering the temperature of the surrounding air as the plants " exhale" cooler water, according to the study conducted by researchers at the Carnegie Institution's Department of Global Ecology.The researchers used data from hundreds of satellite images over 733,000 square miles (about 1,173 square kilometers) in Brazil, where sugarcane is widely grown. They measured temperature, reflectivity (also called albedo), and evapotranspiration -- the water loss from the soil and from plants as they exhale water vapor.The findings showed that expansion of sugarcane in areas previously occupied by other Brazilian crops cools the local climate.Converting from natural vegetation to crop/pasture on average warmed the cerrado by 2.79 Fahrenheit (1.55 Centigrade, but that subsequent conversion to sugarcane, on average, cooled the surrounding air by 1.67 Fahrenheit (0.93 Centigrade), the researchers said in the study published in the April issue of Nature Climate Change."We found that shifting from natural vegetation to crops or pasture results in local warming because the plants give off less beneficial water. But the bamboo-like sugarcane is more reflective and gives off more water -- much like the natural vegetation," said lead researcher Scott Loarie. "It's a potential win-win for the climate -- using sugarcane to power vehicles reduces carbon emissions, while growing it lowers the local air temperature."Brazilians are world leaders in using biofuels for gasoline. About a quarter of their automobile fuel consumption comes from sugarcane, which significantly reduces carbon dioxide emissions that otherwise would be emitted from using gasoline.The researchers emphasized that the beneficial effects are contingent on the fact sugarcane is grown on areas previously occupied by crops or pastureland, and not in areas converted from natural vegetation. It is also important that other crops and pastureland do not move to natural vegetation areas, which would contribute to deforestation.So far most of the thinking about ecosystem effects on climate considers only impacts from greenhouse gas emissions. But according to co-researcher Greg Asner, "It's becoming increasingly clear that direct climate effects on local climate from land-use decisions constitute significant impacts that need to be considered core elements of human-caused climate change."