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BEIJING, Jan. 7 (Xinhua) -- China's financial system is running on a stable course despite the global financial crisis. However, apparent problems and potential risks still linger, as the crisis has not ended, Premier Wen Jiabao said.Wen made the remarks at the two-day National Financial Work Conference that concluded Saturday. The meeting, held every five years, mapped out development plans for the financial sector in the upcoming five years. Similar meetings were held in 1997, 2002 and 2007."China's economy has maintained stable and relatively fast growth with stabilized consumer prices and improvements in people's lives. The financial system is running steadily. The good momentum of economic and social development remains unchanged," Wen said.Chinese Premier Wen Jiabao ( front) attends the National Financial Work Conference in Beijing, Jan. 7, 2012."We have the confidence, capabilities and conditions to move economic development to a new stage," he said.China has resolutely pushed forward a series of financial reforms which have set significant historical milestones. Large commercial banks have remarkably improved their capabilities of guarding against risks, Wen said."We should especially note that the global financial crisis has not ended. We should strengthen our awareness of risks and responsibilities in order to push financial work to new levels," he said.In the future, China will stick to the principal of having the financial industry serve the real economy to prevent virtual bubbles from inflating the economy, he noted.Wen voiced his support for the development of financial innovation, but stressed that this should not escape supervision. "Risk-aversion should be the lifeline of our financial work," he said.He pledged to allow market forces a greater say in deciding fund allocation and to more clearly define the government's role.Financial oversight will be tightened and improved, and banks should establish a more complete and prudent supervision system, he said.According to a statement released after the meeting, China's assets in the financial industry totaled 119 trillion yuan (18.8 trillion U.S. dollars) at the end of November 2011, a 149-percent increase from that at the end of 2006.As of the end of September 2011, the banking capital adequacy ratio stood at 12.3 percent, 5 percentage points higher than that at the end of 2006, while the non-performing loan ratio was 0.9 percent, 6.2 percentage points lower than that at the end of 2006.

BEIJING, Nov. 27 (Xinhua) -- A government official on Sunday refuted an accusation that discriminations widely exist in the country's civil service recruitment process.Nie Shengkui, director of the examination and recruitment department of the State Administration of Civil Service (SACS), said that the recruitment process is always based on the principles of justice and fairness, which has promoted the upward mobility of people from the grassroots.The ratio of recruited male and female applicants is around 6 to 4 in last year, equal to the ratio of the male and female applicants, and more than 92 percent of the recruited are from the ordinary families in the grassroots, including 29 percent from the rural areas, according to Nie.Nie's words came after a survey report published earlier last week, accusing the authorities of having discriminatory requirements in civil servants recruitment.Conducted by the Constitutionalism Research Institute of China University of Political Science and Law, the survey report said that without publicly acknowledging any form of discrimination, many public offices don't hesitate to hide their preferences on age, gender, education and state of health in recruitment.Nie defended that it is necessary to set some requirements in the recruitment in a bid to guarantee the future civil servants can carry out there duty competently."Civil servants recruitment is a process of choosing talents for the government to manage the country, not for promoting employment," said Nie, "so there is nothing to do with employment discriminations."Chinese college grads are usually enthusiast about finding jobs within government branches, especially at a time when people are trying to secure a stable future amid a troubled global economy.A total of 970,000 applicants took the general exam of the recruitment on Saturday and Sunday, They will compete for only 18,000 posts in central government departments and their local branches.

BEIJING, Oct. 26 (Xinhua) -- The central government allocated 935 million yuan (147 million U.S. dollars) Wednesday to areas hit by rain-triggered floods, the Ministry of Civil Affairs (MCA) said.The relief funds, jointly allocated by the MCA and the Ministry of Finance, will be used for disaster survivors to relocate, rebuild houses and buy daily necessities.The funds will also be delivered to the family members of the victims, according to the ministry.The funds will go to the flood-hit provinces of Shanxi, Henan, Hubei, Sichuan, Shanxi and Guangxi Zhuang Autonomous Region.The government already allocated 132 million yuan (20.6 million U.S. dollars) to disaster hit areas immediately after the floods happened in September.Rain-triggered floods and disasters left 97 people dead, 21 missing and 1.23 million affected in September in China's 11 provincial-level regions, and a total of 1.93 million people were relocated urgently to avoid further casualties.The disasters also caused an estimated 21 billion yuan (3.29 billion U.S. dollars) in direct economic losses, according to official data.

BEIJING, Dec. 12 (Xinhua) -- A Foreign Ministry spokesman said on Monday that China welcomes the EU's new measures for coping with the European sovereign debt crisis worked out at the recently-concluded EU summit."We hope relevant measures can help stabilize the market, boost confidence in the market, stop the crisis from worsening, promote employment and economic growth, and push forward European integration," Foreign Ministry Spokesman Liu Weimin said at a routine press briefing.Last Friday at the summit in Brussels, EU leaders agreed on establishing a new "fiscal compact" based on inter-governmental treaties rather than the expected EU treaty changes. Britain opted out of the compact.Under the fiscal compact, member states will have to submit their draft budgetary plans to the European Commission, the EU's executive arm.As world's largest economy, the stable and healthy growth of the European Union and the Eurozone will be crucial to maintaining the momentum of recovery in the world economy, Liu said.China will maintain its support for EU integration, and continue to back the EU's efforts in combating the debt crisis in various ways, so as to jointly promote the stability of the international financial market and the recovery and growth of the world economy, he said."We are confident in Europe and the Eurozone, and believe that the EU has the ability and wisdom to resolve the sovereign debt crisis," Liu said.

BEIJING, Nov. 1 (Xinhua) -- Commander-in-chief of China's manned space program Chang Wanquan announced early Tuesday that the launch of Shenzhou-8 unmanned spacecraft is successful.The spacecraft was successfully sent into the designated orbit after the blastoff at 5:58 a.m. at the Jiuquan Satellite Launch Center in northwestern desert area, carried by an upgraded Long March-2F rocket.It is heading to rendezvous with the Tiangong-1, or "Heavenly Palace-1" that was put into space on Sept. 29 for the country's first space docking.The docking, if successful, will pave the way for China to operate a permanent space station around 2020, and make the nation the world's third to do so.The launch was attended by Chinese Vice Premier Zhang Dejiang. It was also observed by senior experts from the European Space Agency and the German Aerospace Center at the launch site.The docking will happen within two days after the launch of the Shenzhou-8 at a height of 343 km above Earth's surface. The spacecraft will return to Earth after two docking operations.

来源：资阳报