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BEIJING, July 22 (Xinhua) -- The Ministry of Finance (MOF) said Sunday that 120 million yuan (19 million U.S. dollars) has been allocated to help the cities of Beijing and Tianjin and neighboring Hebei province to fight floods.
He also urged developing countries to bear international responsibility consistent with their development stages and real capacities. "It is unfair and unreasonable to impose on them the same obligations, responsibilities and rules as impose on the developed countries," Li noted.
The decision was included in a statement released Wednesday after an executive meeting of the State Council, which was presided over by Premier Wen Jiabao.
In order to reduce earthquake damage, the China Earthquake Administration (CEA) and the Chinese Academy of Sciences agreed to enhance cooperation on relevant areas, including warning and auto-response systems for major infrastructure, an expedited reporting system and new sensors for earthquakes, said the agreement.
Lian Ping, chief economist with Bank of Communications, said that in the face of complicated and uncertain conditions in both the domestic and external markets, China will keep its monetary policy basically prudent with some fine-tunings toward easing.
来源：资阳报