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BEIJING, Aug.1 (Xinhua) -- The People's Bank of China, China's central bank, has asked its branches to effectively implement a moderately loose monetary policy in the second half of the year.The bank urged maintaining the continuity and stability of monetary policies while making them more targeted and flexible, according to a statement on the bank's website after a meeting with branch presidents.It also urged adhering to the policy of striking a balance between keeping stable and relatively fast economic growth, adjusting the economic structure and managing inflation expectations.It asked its branches to stick to its annual lending target while maintaining market liquidity at a reasonable level.Housing loan policies should be strictly implemented to ensure the stable and healthy development of China's real estate market, the statement said.h China's monetary policy should be more proactive, targeted and effective, the statement added.The central bank has set a target to keep the country's new bank lending to below 7.5-trillion-yuan (1.1 trillion U.S. dollars) in 2010.In the first half of the year, China's new yuan-denominated lending hit 4.63 trillion yuan, down 2.74 trillion yuan from the same period last year.

BELGRADE, July 15 (Xinhua) -- Visiting top Chinese legislator Wu Bangguo and Serbian Prime Minister Mirko Cvetkovic met here on Thursday and agreed to expand cooperation between their two countries.During their talks, Wu, chairman of the Standing Committee of the National People's Congress of China, spoke highly of the China-Serbia ties, saying China sees Serbia as an important cooperation partner in Southeastern Europe.Thanks to their joint efforts, the two countries have made remarkable achievements in their cooperation in infrastructure construction, automobile manufacturing and other areas, noted Wu, the highest-ranking Chinese official to visit Serbia since the two countries established their strategic partnership in 2009.The Chinese guest particularly referred to the official inauguration of the Zemun Bridge construction, the biggest infrastructure project to be conducted in Serbia by a Chinese enterprise.Wu on Wednesday attended the groundbreaking ceremony for building the bridge, which will span the Danube river and ease local traffic strain.As the two countries boast good political relations, strongly complementary economies and huge cooperation potential, Wu stressed, China and Serbia should make a full use of such advantages and seize opportunities to deepen bilateral collaboration in infrastructure construction including roads, bridges and power plants.Meanwhile, the two countries should explore new ways and fields of cooperation, consolidate the leading role of enterprises in bilateral economic and trade cooperation, and thus build up momentum for a substantial leap forward on the cooperation track, added Wu.Stressing that China encourages its businesses to cooperate with their Serbian counterparts in various ways, Wu expressed the hope that the Serbian side will further facilitate corporate cooperation between the two countries.For his part, Cvetkovic first recalled his experience in the Serbian National Pavilion Day activities at the World Expo in Shanghai last month, saying that he was deeply impressed by the unparalleled exhibition, which he said will surely help Serbia better showcase its splendid history and modern accomplishments to the world.Noting that economic and trade cooperation is a significant part of the Serbia-China strategic partnership, the Serbian host also cited the Zemun Bridge project, stressing that the new fruit of bilateral cooperation symbolizes the Serbia-China friendship and injects new impetus into the strategic partnership between the two countries.Serbia attaches great importance to enhancing ties with China, and is ready to continue expanding cooperation in infrastructure, energy, agriculture, tourism and other fields, Cvetkovic emphasized.Serbia keeps its door open for Chinese enterprises, and is ready to create a better environment for corporate cooperation between the two countries, he continued, adding that his country will learn from China's successful opening-up policy and foreign investment incentives.Wu met with Serbian President Boris Tadic on Wednesday after a visit to France. He is scheduled to leave on Friday for Switzerland, the last leg of his three-nation Europe tour, where he will attend the Third World Conference of Speakers of Parliament in Geneva.

MOSCOW, July 6 (Xinhua) -- Chairman of Russian Federation Council Sergei Mironov on Tuesday held talks with visiting Vice Chairman of the Standing Committee of the National People's Congress (NPC) Hua Jianmin, pledging to keep on injecting new momentum into the deepening of bilateral relations of the two countries.Hua, who is also the chairman of Sino-Russian Friendship, Peace and Development Council, told Mironov that the frequent exchanges between the two nations' senior officials, as well as the deepening mutual political trust, have pushed the relationship between Russia and China to its best historical stage. Chairman of Russian Federation Council Sergei Mironov (R) meets with visiting Vice Chairman of the Standing Committee of China's National People's Congress (NPC) Hua Jianmin, who is also the chairman of Sino-Russian Friendship, Peace and Development Council, in Moscow, capital of Russia, July 6, 2010.He said the strategic partnership of cooperation between the two countries have been demonstrated in all kinds of collaboration, and the continuous boosting of the strategic partnership of cooperation was in accordance with the fundamental interests of the two countries.Hua believed that Mironov's visit to China, in the coming September when he would hold talks with Wu Bangguo, the Chairman of NPC Standing Committee, will add a new chapter to Sino-Russian cooperation.

BEIJING, Aug. 3 (Xinhua) -- China has scrapped tariffs and value-added taxes on core equipment, components, and raw materials imported and used in civilian high-tech projects since July 15, according to a circular of the Ministry of Finance and other departments.The move seeks to encourage research and development in the nation' s major strategic products, core technologies and major projects, said the circular.Custome officers are checking imported goods in a bonded warehouse.The projects that have been exempted from taxation include core electronics, high-end universal chips, basic software, integrated circuit-manufacturing equipment, new generation wireless mobile communication networks, and new drugs for prevention and treatment of some infectious diseases such as AIDS and hepatitis.

HANGZHOU, June 18 (Xinhua) -- Three people are dead and two others still buried Friday after a rain-triggered landslide in east China's Zhejiang Province.The landslide hit Taolin Village of Chun'an County at 5:00 a.m. Friday as villagers were being evacuated from their homes. The area had been pounded by rain since Thursday afternoon, said Tong Xiaowei, deputy county head.Debris swamped two residential houses, burying six residents and two others assisting with the evacuation, Tong said.Three of the eight people were injured and were receiving treatment at hospital, Tong said.About 300 fire fighters, policemen, medical personnel and villagers had joined in the rescue work, he said.Provincial meteorological authorities forecast Thursday that heavy rain would persist for another week. Chun'an County was among the worst hit by the rain.Also Friday, rescuers from south China's Guangxi Zhuang Autonomous Region recovered the bodies of three people from rubble after a rainstorm damaged two homes in Dongma Village of Rongshui Miao Autonomous County around 3 a.m., according to the county's flood control and drought relief headquarters.In the far west Xinjiang Uygur Autonomous Region, an exploration worker was suffocated to death Thursday after he was buried by a rain-triggered landslide on a hill in Qira County, said a spokesman with the county government Friday.At around 2:40 p.m. Thursday the landslide of mud-and-stone hit a tent where five exploration workers with the Xinjiang Xindi Engineering & Construction Co., Ltd. were taking a rest, said the spokesman.Four workers managed to escape while one was found dead after being dug out half an hour later, he said.The civil affairs bureau in northern Hebei Province said Friday a thunderstorm with sporadic hail hit Zhangjiakou City from Wednesday to Thursday, leaving two dead and three missing.The storm hit six counties in Zhangjiakou, with 56,200 residents suffering losses and hundreds of houses collapsing. The rainstorm damaged roads and bridges, and about 7,000 hectares of farmland have been submerged.The Ministry of Civil Affairs said, by 4 p.m. Friday, the heavy rains that began pounding south China Sunday had left 69 dead, 44 missing and forced the evacuation of 493,000 people in Fujian, Jiangxi, Hunan, Guangdong, Sichuan and Guizhou provinces as well as Guangxi Zhuang Autonomous Region.The rainstorms had caused direct economic losses of 6.5 billion yuan (952 million U.S.dollars), it said.