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BEIJING, July 4 (Xinhua) -- China's weather forecast authorities on Sunday said the heat that had been bearing down on many parts of the country would continue for a few more days.Sweltering weather, with temperatures over 35 degrees Celsius, could be expected in at least 13 provinces and regions across China, the National Meteorological Center said.In Beijing, the local meteorological bureau upgraded the heat alert on Sunday from blue to yellow, two steps below the top alert. It said the maximum temperature on Monday might shoot up to 37 degrees.Sunday's temperatures did not exceed 36.8 degrees, but residents in the capital were already complaining.A girl plays at a fountain in Shenyang, capital of northeast China's Liaoning Province, on July 3, 2010. Hot weather swept most regions in northern, central and southern China these days, with temperature of some regions soaring to 39 degrees celsius."Since last Friday, it has been extremely hot outside from 8 o'clock in the morning to 10 o'clock in the evening. I have to turn on the air-conditioning at home all the time," said a Beijing resident surnamed Zhao.High temperatures were also reported in several provinces on Sunday. In eastern Zhejiang Province, temperatures in eight counties and cities reached 39 degrees.In Changchun, capital of northern Jilin Province, thousands of residents chose to spend their weekends in the city's libraries to dodge the heat.Meanwhile, the sales of air-conditioners became hot items in the northern Inner Mongolia Autonomous Region.

URUMQI, June 16 (Xinhua) -- A total of 380 Chinese nationals had returned home aboard Chinese chartered flights as of Tuesday night from southern Kyrgyzstan where ethnic clashes have left some 170 people dead.The Chinese government has sent four chartered planes to bring home nationals including business people and students in Kyrgyzstan. Three chartered planes dispatched on Monday and Tuesday have returned and the fourth one left at 9:37 p.m. Tuesday an airport in Urumqi, capital of northwestern Xinjiang Uygur Autonomous Region, for Osh of Kyrgyzstan to fly home more Chinese nationals.More than 600 Chinese nationals living around Osh have been sent to the city's airport with help from the Chinese Foreign Ministry and the Chinese embassy in Kyrgyzstan. They were preparing to return to China by follow-up chartered planes, the Foreign Ministry said Tuesday.Chinese nationals prepare to board the chartered flight at an airport in Osh, southern Kyrgyzstan, June 15, 2010. Until now, a total of 380 Chinese nationals have returned home by Chinese chartered flights from the southern Kyrgyz city of Osh, where ethnic clashes have left some 170 people dead. About 90 Chinese nationals were still in Jalalabad and Batken in southern Kyrgyzstan. The Chinese embassy was working to transport them to safe areas, according to the Ministry.The Foreign Ministry sent two working teams to Osh and Urumqi to help with the evacuation of Chinese nationals. China Southern Airlines, which is entrusted to operate the flights, selected some of its best pilots and crew members for the evacuation mission."We have carefully prepared for the navigation and landing of the chartered planes," said Hou Junxue, captain of the first plane who has a flight experience of more than 30 years. The chartered planes also carried food, medicine, oxygen and medical equipment.The first two chartered planes returned to Urumqi at about 4:25 a.m. (Beijing time) and 5:18 a.m. (Beijing time) respectively on Tuesday, bringing home 195 nationals, mostly women and children.The third chartered plane landed at Urumqi airport at 10:50 p.m (Beijing time)Tuesday, carrying another 185 Chinese nationals."I did not expect that the government would send chartered planes to take us back home," Song Wuyi, a businessman selling stationery in Osh, told Xinhua upon arrival. "We feel at ease back in the motherland.""Many people shed happy tears when they see the plane arriving in Osh," said Song, whose store was forced to close after the unrest."Thank the government for taking us back and thank all of you," said Ahmet, a Uygur man in his forties. "This is the first time I thank our motherland......and I will remember this experience forever.""Many of my Kyrgyz clients in Osh admire me being a Chinese," said Kamijiang, who does fodder business in Kyrgyzstan.

BEIJING, June 10 (Xinhua) -- The People's Bank of China (PBOC), the central bank, injected 166 billion yuan (24.3 billion U.S. dollars) into the money market this week, easing tight money supply conditions with bill issuance and repurchase agreements.In its regular open market operations Thursday, the central bank auctioned 10 billion yuan (1.46 billion U.S. dollars) of three-month bills at a yield of 1.5704 percent, up 4.04 basis points from June 3.On Thursday, the central bank also conducted repurchase agreement operations -- the first time in almost a month -- by absorbing 10 billion yuan through 91-day repurchase agreements. The yield on Thursday's 91-day repurchase agreement rose to 1.57 percent, up 16 basis points from its previous repurchase operation.Thursday's operations together with Tuesday's 25 billion yuan worth of one-year bill issuance brought the weekly total raised to 45 billion yuan (6.6 billion U.S. dollars). But 211 billion yuan (30.9 billion U.S. dollars) of bills matured this week, meaning a net weekly injection of cash.The central bank's net injection this week was the third straight week of net injection. It pumped 159 billion yuan (23.3 billion U.S. dollars) into the market in the previous two weeks.Since mid-May, China's banks have faced a short-term money squeeze as the PBOC introduced a series of tightening measures to cool the booming property sector.Zhao Qingming, a senior research fellow at China Construction Bank, the country's second largest lender, said the yield changes on central bank bills reflects tight money supply in the short-term.Rising bill yields usually reflect lenders' reduced demand for safety or their cash hoarding.For the whole week, yields on central-bank short-term debt instruments rose compared to the previous week.The yield on one-year bills jumped 8.32 basis points to 2.0929 percent while the yield on three-month bills climbed 4.04 basis points to 1.5704 percent. The yield on 91-day repurchase agreements added 16 basis points to hit 1.57 percent.

BEIJING,Aug 9(Xinhuanet) -- China's high savings rate is expected to fall substantially in coming years as its workforce shrinks, the population ages and social security spending increases, a BIS report shows.In research published by the Bank for International Settlements (BIS) on the “myth and reality” of China’s savings rate, Ma Guonan and Wang Yi found that the Asian giant needs its population to spend more in order to sustain rapid economic growth in coming years.The researchers, who were writing in their personal capacity, also reject claims that Chinese State firms have been benefiting from high savings thanks to exchange rate distortions and subsidies designed to drive economic growth.They point out that “less advantaged” and more efficient firms have been the ones posting the greatest gains in earnings in recent years rather than State-owned companies.China’s gross national savings soared from 39.2 percent of output in 1990 to 53.2 percent in 2008, far higher than the United States, which saved only 12.2 percent in 2008.Even compared to other Asian giants — Japan with 27 percent in 2007 and India with 33.6 percent in 2008 — China’s share of savings as a percentage of gross domestic product (GDP) is significantly larger.Nonetheless, the population and social trends that have underpinned China’s growth and savings rates are likely tail off significantly over the next decade, the two Chinese researchers argued.In the wake of the global slump, world leaders and economists have been asking China to spend more, rather than pin its economic growth on exports to the West, in order to help address world trade imbalances.Ma, a BIS economist and Wang, who is from the Chinese central bank, said however that the current savings trend by Chinese households will not last.The swelling working population in recent years has boosted savings in recent years, they said.In addition, large-scale corporate restructuring between 1995 and 2005 increased job uncertainty, forcing workers to set aside more money in case they were fired. The lack of a social safety net also pushed workers to make “precautionary savings.”Beyond households, government savings have also been increasing in tandem, as more is being set aside to meet pension needs which are expected to rise significantly as the population ages.However, these trends are expected to be reversed in coming years.“It is reasonable to assume that the large-scale labor retrenchment observed during 1995 to 2008 is by and large been behind us,” say the researchers.In addition, China is expected to enter into a phase of “accelerated population ageing within a decade.” This means that the workforce will decline, leading to a fall in overall income and therefore savings.At the same time, infrastructure spending is expected to continue, in order to provide for the ageing population and the urbanization of the country.

BEIJING, June 14 (Xinhua) -- Chinese Vice President Xi Jinping left Beijing Monday morning for official visits to Bangladesh, Laos, New Zealand and Australia.Xi was invited by Bangladeshi Prime Minister Sheikh Hasina Wajed, Laotian Vice President Bounnang Vorachit, New Zealand Prime Minister John Key, and Australian Prime Minister Kevin Rudd.It's the first visit of a Chinese vice president to the four states.