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WASHINGTON, April 24 (Xinhua) -- China's central bank chief on Friday called for the International Monetary Fund (IMF) to accelerate its process to shift its quota to emerging market and developing countries."The quota structure is the core issue in Fund governance. The severe underrepresentation of emerging market and developing countries in the IMF seriously affects the Fund's legitimacy and effectiveness, and must be promptly corrected," said Zhou Xiaochuan, governor of People's Bank of China at the IMF and its sister institution -- the World Bank's spring meeting in Washington.The Group of 20 (G20) Pittsburgh Summit in September had called for a shift of at least 5 percentage points, and protection of the voting rights of the poorest countries before January 2011.But so far the quota adjustment process is slow. The previous quota reform, which was already approved by the IMFC -- the IMF's steering committee -- in 2008, has not been completed until now.Zhou said that the IMF is a quota-based institution, and quotas should be its primary resource.He emphasized that quota adjustment and reform is not a zero- sum game. "A Fund with a more reasonable governance structure will be better able to protect global economic and financial stability which will benefit all member countries. We urge the Fund to accelerate its work, and complete quota reviews on schedule in accordance with the G20 Pittsburgh Summit and IMFC objectives," Zhou said.According to the IMF's latest World Economic Outlook report, growth speeds of developing countries are much faster than the advanced economies, meaning their weight in the global economy is increasing dramatically.However, quota of the developing countries in the IMF is underrepresented."We expect the review to leave no member's quota share severely misaligned," Zhou said.

YUSHU, Qinghai, April 16 (Xinhua) -- The death toll had climbed to 1,144 and another 417 remained missing as of 5 p.m. Friday, about two and a half days after a devastating earthquake shook a Tibetan area in northwest China's Qinghai Province.The 7.1-magnitude earthquake, which shook the Yushu County in the Tibetan Autonomous Prefecture of Yushu at 7:49 a.m. Wednesday, has left 11,744 people injured, including 1,192 serious cases, Xia Xueping, spokesman with the emergency rescue headquarters, told a press briefing late Friday.Chinese Premier Wen Jiabao (R) visits a Tibetan woman in Yushu, northwest China's Qinghai Province, April 15, 2010. Wen arrived here on Thursday to inspect the disaster relief work and visit quake-affected local people. Xia said the death toll rose markedly Friday because the expanding rescue forces recovered more bodies from the debris with the help of large rescue equipment.In addition, the missing list climbed as the transient population in the business town were counted for the first time, he said.A total of 1,179 serious cases had been transported by air and road to hospitals in Golmud and the provincial capital Xining in Qinghai and several other capitals in neighboring provinces.Many people are still buried under the debris of collapsed houses in the hardest-hit Gyegu Town near the epicenter, the seat of the Yushu prefecture government and home to 100,000 people. It sits at about 4,000 meters above sea level.More than 85 percent of houses in Gyegu, mostly made of mudbrick and wood, had collapsed.Thousands of rescuers are fighting altitude sickness and chilly weather to race the time to reach the trapped by Saturday morning, the end of internationally accepted "72-hour golden chance" for the trapped to still survive.

BEIJING, May 12 (Xinhua) -- China's Communist Party officials must eradicate "empty words" and political jargon from their speeches and documents, Vice President Xi Jinping said Wednesday.Xi told more than 900 officials and new student cadres at the Party School of Communist Party of China (CPC) Central Committee that they must show "substance" in word and deed.Party officials should diligently study the Party's basic theories, constantly acquire new knowledge, and learn from "ancient Chinese" literature to make their communications simple and concise, Xi said at the opening of the school's spring semester in Beijing.Xi cited no examples of empty words and jargon, but writing and speech styles of Party officials, especially leaders, had gradually improved in the past 30 years, said Xi, president of the Party School.Xi said "unhealthy" writing or speech styles would seriously undermine the efficiency of Party and government operations and waste time resolving practical problems.He asked Party leaders to deliver short, concise and straightforward speeches with new approaches and creativity in solving problems.He urged Party leaders to learn "colloquial wisdom" from the public and make their speeches and articles more easily understood by common people.

BEIJING, April 4 (Xinhua) -- With China's traditional holiday for honoring the dead falling on Monday, throngs of people jostle along the 2-km road in Liudaokou village, Tianjin Municipality, where more than 100 wholesale funeral supply shops compete for business."This urn is 170 yuan (24.9 U.S. dollars) wholesale, 1,000 yuan retail here. A retailer can sell it for 5,000 yuan in the city," says saleswoman Li Na, pointing at a plain red wood urn inscribed with two Chinese characters "bai fu", or a hundred blessings."It's easy money," says Li. "Take urns for example, no one wants to bargain for a container of his father, mother or whoever's ashes."In a country where about 10 million people die every year, the funeral industry market is worth tens of billions yuan, says Hao Maishou, a researcher with Tianjin Academy of Social Sciences.However, a lack of market standards and management is allowing unscrupulous business people to monopolize areas of the industry and exploit people's grief, Hao adds.URN PRICESIn another shop, tags claim that the urns, priced from 200 to 600 yuan, are made of rare and precious ebony or redwood, a claim that invites questions.Li says, "Of course they are not made of ebony or redwood, or they would not be so inexpensive, but if the urns were finely made and tagged with high prices, customers wouldn't doubt it."Wang Na, owner of Lingzhitang funeral supply shop, teaches a novice retailer to sell a 200-yuan urn for 5,000 yuan. "Say it's ebony, rosewood, redwood or whatever precious material and quote high. Customers like premium urns. They won't buy cheap ones."Elaborate funeral remains a traditional culture of the Chinese, as nobody wants to be regarded as stingy or unfilial on funeral issues, especially for deceased family members, says a Tianjin businessman involved in funeral service, who only identifies himself as Liu."As long as you understand and utilize such a feeling, you are guaranteed to make a pile," Liu says.At an urban Tianjin funeral home, a government-run facility that provides cremation and funeral services, an "ebony" urn bearing the traditional painting, Riverside Scene on Tomb-sweeping Day, sells for 12,800 yuan while the same urn costs only 1,100 yuan in Liudaokou.A plain-looking urn inscribed "Always remembered" in Chinese characters is priced at 10,000 yuan. Urns of the same inscription, materials and shape sell for 180 yuan in Liudaokou.

BEIJING, May 2 (Xinhua) -- The People's Bank of China (PBOC), the central bank, announced Sunday it will raise the deposit reserve requirement ratio (RRR) for most financial institutions for the third time this year amid growing concerns of asset bubbles and economic overheating.The bank said in a statement on its website that it would raise the deposit reserve requirement ratio (RRR) for financial institutions by half a percentage point from May 10.The ratio for the rural credit cooperatives and rural banks would remain unchanged at 13.5 percent, said the PBOC.However, the RRR for other small financial institutions would rise to 14 percent, and that for large financial institutions to 17 percent.This is the third rise in the deposit ratio this year. On Jan. 12 and Feb. 17, the central bank raised the deposit ratio by half a percentage point each time.The move indicated the government was taking further steps to tighten monetary policy in response to concerns of overheating and asset bubbles, said Liu Yihui, an expert with the Financial Research Center of the Chinese Academy of Social Sciences (CASS).The PBOC has cut the bank reserve requirement ratio four times during the second half of 2008 to stimulate growth, as the global financial crisis started to weigh on the economy.The country posted a better-than-expected 11.9 percent year-on-year economic growth in the first quarter, but the government was cautious and had repeatedly warned that the economic conditions this year were "very complicated."China's consumer price index (CPI), the main gauge of inflation, saw a rise of 2.4 percent year on year in March, nearing the ceiling of 3 percent inflation this year that the government has set at the annual parliamentary session that month."There is an obvious tendency of overheating," Liu said.

来源：资阳报