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BEIJING, Nov. 17 -- Chinese banks should be alert to the risks of growing bad loans and narrowing profit margins amid a worsening global financial crisis and domestic interest rate cuts, a senior banking regulator has warned.     China Banking Regulatory Commission Vice Chairman Jiang Dingzhi told a financial forum in Beijing on Saturday that China's banking system, despite being generally healthy, faces growing risks.     "Our judgment is that losses at overseas financial institutions will widen further, and capital shortfalls will become more serious," Jiang said     "The financial crisis won't end in the near term. So we should not turn a blind eye to the risks " Jiang said, warning that the first risk China may face in the coming years is "exported inflation" from developed economies.     He said many developed economies have taken quick action to inject huge liquidity and credit into their banks to stabilize financial systems and it is likely that the banks will export capital to developing countries such as China (through direct investment or loans).     "That may cause high inflation (for us) and we should keep a close eye on cross-border capital flows," said Jiang.     Jiang also warned that bad loans, especially in the real estate sector, are the second risk that China's banks are confronted with.     "Bad loans are already showing an upward trend, especially in the property market where the mortgage default risk is growing at an accelerating pace," Jiang said, without elaborating.     Jiang also said Chinese banks may encounter growing losses from their overseas investment as the global financial crisis remains "far from over".     The government said earlier that Chinese banks suffered "very limited losses" overseas as their exposure to bankrupt global financial companies was not much.     Jiang said Chinese banks also face narrowing profit margins as the central bank cuts interest rates to boost the slowing economy. Banks are encouraged to lend after the government announced a 4 trillion yuan (586 billion U.S. dollars) stimulus plan a week ago.     The People's Bank of China has cut interest rates thrice this year after economic growth cooled to 9 percent in the third quarter, the slowest rate in five years. He said the banks will see declining profits next year as lower interest rates shrink margins and loan defaults may increase.     However, Jin Liqun, chairman of the supervisory board of China Investment Corp, said Chinese banks should continue market-oriented reforms despite the risks.     "All these risks cannot be used as excuses to defer further reform in the banking system," said Jin at the forum. "Only with market-oriented reforms can our banks further build up their capabilities in profit-making and risk-prevention."     Jiang said China's banking system remains "in good health" with all major indicators at their best levels ever.     Banks' total assets, 59.3 trillion yuan at the end of September, were five times the level of 10 years ago when the Asian financial crisis erupted, he added. And banks reduced their average bad-loan ratio to 5.49 percent at the end of September, from 6.3 percent at the end of March.     "These sound indicators are the basis of our confidence to battle financial crisis," Jiang said.

BEIJING, Oct. 22 (Xinhua) -- China's top political advisor has called for seriously studying the essence of the third plenary session of the 17th Central Committee of the Communist Party of China (CPC), which is ushering in a new round of rural reforms in the country.     Great efforts should be made to push forward the rural reforms, so as to consolidate and develop the country's general situation featuring a stable and fast economic development and a harmonious and stable society, said Jia Qinglin, chairman of Chinese People's Political Consultative Conference (CPPCC) National Committee.     Jia, who is also a member of the Standing Committee of CPC Central Committee Political Bureau, made a study tour in Jilin Province on Oct. 18-22 in the company of Jilin's Party chief Wang Min and Governor Han Changfu.     During his stay, he visited local factories, villages, schools, research institutions and construction sites, and heard reports by local officials to learn about the real situation in this northeastern province. Jia Qinglin (R front), a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee and chairman of Chinese People's Political Consultative Conference (CPPCC) National Committee, talks with a farmer at the Cerestar China Resources Maize Industry Co., Ltd. in northeast China's Jilin Province, Oct. 20, 2008. Jia made a study tour in Jilin Province on Oct. 18-22    Jia showed special interest in rural development and urged local grain-processing companies to play a leading role in promoting agricultural production, increasing farmers income and achieving prosperity in the countryside.     He urged locals to probe ways in setting up new-type rural cooperatives to speed up the formation of a new-type public service system for farming and enhance the level of public service in the agricultural sector.     In addition, the senior official highlighted the issue of improving the country's self-reliant and innovative abilities, while visiting a number of large companies in oil, railway, pharmaceuticals and research and educational institutions.     Jilin, which boasts a sound industrial foundation and a large army of scientists and teachers, has the valuable conditions for increasing its self-reliant and innovative abilities and accelerating the pace of reforms, Jia said.     Over the past few days, the top political advisor had meetings with local CPPCC officials and leaders of local branches of non-communist parties and the local federations of industries and commerce.     Jia reiterated the important role of China's political consultative system, which puts the CPC at the center while making all these non-Communist parties as participants in the country's arena, the so-called United Front, which is aimed to unite all forces around the CPC in the governance.     China must adhere to its correct political orientation and the leadership of the CPC, Jia said. He called for firmly taking the socialist road with China's own characteristics in the country's political development, under the guidance of the great banner of socialism.

BEIJING, Jan. 22 (Xinhua) -- Xinhua News Agency published an article by Hao Shiyuan, an academician of the Chinese Academy of Social Sciences (CASS), on Thursday, to hail that the Democratic Reform is historic stride for social system in Tibet.     Hao, who is also director of the CASS center for the study of Tibetan history and culture, has contributed the article to the Beijing-based Guangming Daily as part of the newspaper's serial articles to mark the establishment of the "Serfs Emancipation Day" by the Tibetan legislature on Monday.     Before the launching in 1959 of the Democratic Reform in Tibet, the highland area was under a hierarchical rule by monks and aristocrats, says the article, citing a book by Edmund Candler, an India-based correspondent of the British newspaper "Daily Mail", who entered Tibet with British army in 1905.     According to the British reporter's "The Unveiling Lhasa", Tibet was then under a feudalist serfdom, where peasants were slaves of lamas. He even compared the Potala Palace, the residence of Tibetan Buddhist leaders, with the bloodiest medieval castles in Europe in the Middle Ages.     The British journalist was so surprised at what he saw in Tibet that he depicted the Tibetan serfdom as unprecedentedly stubborn and dark.     The Communist Party of China (CPC), which represents the fundamental interests of the Chinese of different ethnic groups, is the only power which can lead the one million Tibetan serfs to end the hierarchical serfdom in Tibet, says Hao.     In 1951, the central government signed a 17-article Agreement with the local government of Tibet, which marks the peaceful liberation of Tibet.     In 1954, late Chinese leader Chairman Mao Zedong told the ** Lama, who was then a vice chairman of the Standing Committee of the National People's Congress (NPC), the top legislature, that the central government was not eager to implement the Democratic Reform in Tibet, though the reform had been underway in other minority areas.     "It needs the consent of the Tibetan people and the will of the Han people must not be forcibly given to the Tibetan people," said Mao, who indicated that the central government was patient enough on the issue of Democratic Reform in Tibet, though "some Han officials might be" eager to carry out the reform.     The scholar explains that "some Han officials", who were not as patient as the central government, came to the idea to start the reform at an early time, because they witnessed that the Tibetan people were increasingly eager to end the serfdom, under which, the Tibetan serfs were living in an abyss of suffering.     Between 1952-58, the local government of Tibet had a financial income of 392.9 million yuan (about 52 million U.S. dollars), but 357.17 million yuan, or 91 percent, came from the central government. Meanwhile, the central government had invested a lot of money to build highways in Tibet. By 1957, the length of Tibetan highways topped 6,000 kilometers.     Under serfdom, however, Tibetan serfs could not enjoy the economic achievements in Tibet, which were made with the financial assistance by the central government, the article says.     The Buddhist monks, aristocrats and the local government were frightened by the bulging demand of the Tibetan people for carrying out the reform.     In 1955, a preparatory committee of the Tibet Autonomous Region was set up, with the ** Lama as the chairman and the Banqen Lama as a vice chairman. In the same year, some Tibetan aristocrats began plotting for armed rebellions.     Beginning in 1957, some Tibetan people were organized to lay siege to government organizations, kill government staff workers, and hold armed rebellions. In 1958, a large number of rebellious armed forces were set up in Tibet.     On Mar. 10, 1959, an all-around armed rebellion was launched by the local government of Tibet and the stubborn upper-class forces, and the ** Lama went into exile, in betrayal of the nation and the Tibetan people.     The Tibetan hierarchical ruling forces headed by the ** Lama held the 1959 armed rebellion - an attempt to safeguard the feudalist serfdom and their fundamental interests, oppose all kinds of changes in Tibet, and seek for "Tibetan independence", according to the article.     On Mar. 28, the central government dissolved the local government of Tibet and replaced it with the preparatory committee, while launching the Democratic Reform, which allowed the Tibetan people to step in the process of a modern social development. Since then, a series of reform policies and measures had been issued to abolish the old system and set up a new system.     In 1961, the Democratic Reform was initially completed as the 1million emancipated Tibetan serfs became the master of Tibet and people's governments were set up across the autonomous region.     Thanks to the support of the central government, the Tibetan economy had achieved a big progress. As of 1965, the grain output in Tibet reached 290 million kilograms, an 88.6 percent increase over 1958, while the number of the livestock stood at over 18 million, an increase of 54.1 percent comparing with that of 1958.     On Sept. 1, 1965, the Tibet Autonomous Region was established, which marks the beginning of a socialist drive in Tibet, a historic stride for social system in Tibet, the article says.

BEIJING, Nov. 30 (Xinhua) -- Chinese emergency chartered flights are expected to fly back home almost all the more than 3,000 mainland tourists stuck in riot-hit Thailand by Dec. 1. Four Chinese mainland carriers have sent nine planes to retrieve the tourists after Bangkok's international airport closed because of a protest.     Some 2,000 tourists had returned back home by noon, and another more than 800 would fly back late Sunday night or early Monday morning, according to the airlines. A China Eastern Airbus-300 arrives at the Utapao Airport near Pattaya, about 150 km east of Bangkok, capital of Thailand, Nov. 29, 2008. Chinese aviation authorities were sending 5 planes on Saturday to Thailand to bring home the remaining stranded Chinese tourists after the closure of the Suvarnabhumi International Airport in Bangkok    China Southern Airlines, the nation's largest carrier by fleet size, said late Sunday night it will sent another plane to take back the remaining tourists on Monday.     Around 246 passengers landed in Shanghai at 2:00 a.m. on Sunday. This was the first return flight from Thailand, though delayed for several hours because of unstable situation at the airport.

SANYA, Hainan Province, Dec. 25 (Xinhua) -- The Chinese Navy's three-ship fleet awaiting sail to waters off Somalia has finished its preparations for the overseas deployment, the fleet commander said Thursday.     The commander, Rear-Admiral Du Jingcheng told Xinhua aboard the Navy's DDG-171 Haikou destroyer that all crew members of the fleet had full confidence in their ability to fulfill the escorting mission.     The Haikou together with another destroyer, DDG-169 Wuhan, and supply ship Weishanhu from the South Sea Fleet will set sail from a port in China's southmost city of Sanya on Hainan island Friday. The fleet will join in the multi-national patrolling of the Gulf of Aden and waters off the coast of Somalia. Crew members of a navy helicopter prepare for the departure in Sanya, capital of South China's Hainan Province on Dec. 25, 2008.    The fleet will carry about 800 crew members, including 70 soldiers form the Navy's special force, and is equipped with ship-borne missiles, cannons and light weapons.     "The fleet's warships will primarily safeguard vessels passing through the waters. The fleet's helicopters will be responsible for the fleet's own safety, material delivery as well as rescue tasks," the commander said.     "The fleet will protect and escort Chinese ships carrying strategic cargos, such as crude oil," he added.     The commander, who serves as chief of staff of the Navy's SouthSea Fleet, said that the upcoming mission may take a long time and may involve unforeseeable challenges. Soldiers of Chinese navy special force carry out an anti pirate drill on the deck of DDG-171 Haikou destroyer in Sanya, capital of South China's Hainan Province, on Dec. 25, 2008.    "We have made special preparations to deal with pirates, even though these waters are not familiar to us," he said.     The crewmen have made physical and psychological preparations for the mission by intensified training in shooting, maritime tactics and diving, said Lieutenant Commander Xie Zengling, chief of the special force unit, adding that one special force soldier could handle several enemies with bare hands.     "We are expected to encounter fire conflicts with pirates in these waters," said the fleet's commander, "but our primary target is not striking them but dispelling them."     "If the pirates make direct threats to the warships or the vessels we escort, the fleet will take counter measures," he said. Soldiers of Chinese navy special force rank in an anti pirate drill on the deck of DDG-171 Haikou destroyer in Sanya, capital of South China's Hainan Province, on Dec. 25, 2008.    FLEET EQUIPMENTS IN GOOD FORM     The escorting mission will also be the maiden operation in real combat conditions for the two destroyers. They are among the Chinese Navy's most sophisticated war vessels and both are designed and manufactured by China.     The Weishanhu supply ship started service in 2004, and has participated in the Navy's goodwill visits to south Asia and Europe.     "All the ships' equipment has been is in excellent form after various exercises and training," Real-Admiral Du said.     Captain Long Juan of the Wuhan destroyer said the high temperature, humidity and salinity in the Gulf of Aden and waters off the coast of Somalia could bring challenges to the equipment and crew members.     "To secure the ships' reliability, communication, navigating and power equipment has been provided with backup systems," the captain said.     ADEQUATE SUPPLY FOR MONTHS     Seamen of the fleet have been seen transporting pure water, beverages and food from the land base to the warships. All material storage was finished by Thursday evening.     Captain Xi Feijun of the Weishanhu told Xinhua that his ship had stored fuel, water and food to last several months for the fleet.     The ships' mess will provide self-service meals during the entire mission. It will offer dairy products, eggs, vegetables, fruit and other high caloric content food, Captain Long Juan told the Xinhua reporter aboard.     The Xinhua reporter also saw libraries, computer rooms and gymnasiums on the ships which have been prepared for the crew members in their leisure time.     The fleet will be the first overseas deployment for Chinese maritime forces since the 15th century. Previously, the People's Liberation Army Navy focused on coastline defense and limited operations abroad to goodwill visits and drills with other navies.     China's Foreign Ministry officially announced the deployment on Saturday, saying that China will observe UN resolutions and international laws in fulfilling its obligations.     Foreign Ministry spokesman Liu Jianchao said 1,265 Chinese commercial vessels had passed through the gulf so far this year and seven of them were attacked. One fishing ship and 18 crew members were still being held by pirates.     Xinhua writer Bai Ruixue contributed to the story.