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BEIJING, Nov. 26 (Xinhua) - China on Friday called for a settlement to the territorial dispute between Israel and the Arab countries through negotiations.Chinese Foreign Ministry spokesman Hong Lei made the remarks while commenting on an Israeli bill that had been passed by the Israeli Knesset (parliament) Monday. The bill demands a referendum should any Israeli government make territorial concessions in East Jerusalem to the Palestinians or in the Golan Heights to Syria.Since the aftermath of the 1967 war, Israeli law requires a two-thirds majority of consent by the Israeli public when handing over territories to Palestine and Syria.However, the law goes against the spirit of United Nations (UN) resolutions and cannot change the fact that East Jerusalem and the Golan Heights are occupied lands of the Arab countries, Hong said."China calls on Israel to follow the relevant UN resolutions as well as the established principles of international laws to properly settle the territorial dispute through negotiations for the realization of a comprehensive, and lasting peace in the Middle East," said Hong.

WASHINGTON, Dec. 15 (Xinhua) -- A plenary session of the annual trade talks between China and the United States opened in Washington D.C. on Wednesday.Visiting Chinese Vice Premier Wang Qishan co-chairs the 21st Joint Commission on Commerce and Trade (JCCT) meeting with U.S. Commerce Secretary Gary Locke and Trade Representative Ron Kirk.

BEIJING, Dec. 9 (Xinhua) -- The new leadership of Chinese Catholics was elected during the 8th national congress of Chinese Catholics which concluded here Thursday after three days of meeting.Bishop Fang Xingyao was elected chairman of the Chinese Catholic Patriotic Association (CCPA), while Bishop Ma Yinglin will head the Bishops' Conference of the Catholic Church in China (BCCCC).Also, Liu Bainian and Jin Luxian were elected as honorary chairmen of both the CCPA and BCCCC.Further, vice chairmen and consultants to the two Chinese Catholic organizations were elected at the conference.Jia Qinglin (C), chairman of the National Committee of the Chinese People's Political Consultative Conference, poses for a group photo with the new leadership of Chinese Catholics in Beijing, capital of China, Dec. 9, 2010.The congress approved the CCPA and BCCCC reports on the past six years of work, as well as revisions of the charters of the CCPA and BCCCC.The 8th national congress of Chinese Catholics, held since Tuesday, was attended by 341 representatives from across China, including 64 bishops, 162 clergy, 24 nuns and 91 lay members.Jia Qinglin, China's top political advisor, met Thursday with delegates who attended the 8th national congress of Chinese Catholics.Congratulating the participants on the successful holding of the congress, Jia praised the efforts Chinese Catholics have made in serving China's reform and development and preventing infiltration of foreign hostile elements, according to a statement Xinhua received.Jia, who is Chairman of the National Committee of the Chinese People's Political Consultative Conference and also a member of the Standing Committee of the Political Bureau of the Central Committee of the Communist Party of China (CPC), urged the religious clerics to keep vigilant and prevent foreign hostile elements from using religion to interfere with China's domestic affairs and to safeguard the interests of the entire nation.He called on Catholics to contribute more to China's scientific development and transformation of its economic growth mode, and play an active role in safeguarding social stability and harmony.

BEIJING, Dec.24 (Xinhua) -- China will bring its overall money supply to a normal level with a range of policy tools next year as the government shifts monetary policy from "moderately loose" to "prudent", the central bank said Friday in a statement on its website, citing Deputy Governor Hu Xiaolian.Hu, a deputy governor of the People's Bank of China (PBOC), said at a meeting with bankers that China needs a shift to a prudent monetary policy to rein in rising consumer prices and curb asset bubbles.China is facing tremendous inflationary pressures, with the country' s consumer price index (CPI), a main gauge of inflation, accelerated to a 28-month high in November of 5.1 percent."The major task for next year's monetary policy will be normalizing money supplies," she said, noting that the growth in money supply, mostly measured by M2, or the broad money supply, should be slowed from the pace during the implementation of a moderately loose policy.The Chinese government should maintain a "reasonable and moderate" credit growth next year that is in line with the country's goal in economic development and inflation control.New yuan-denominated loans in China stood at 7.45 trillion yuan in the first 11 months of this year - just shy of the government's full-year target of 7.5-trillion-yuan.Hu said with the global financial crisis having eased from its peak and China's stabilized economic momentum, the country is able to maintain a steady and relatively rapid economic growth with a prudent monetary policy.Hu stressed that China is facing pressure due to ample liquidity from home and abroad, and for the next phase, the Chinese government will work on liquidity controls with a range of policy tools, including open market operations and adjustment in interest rates and reserve requirement ratios.She highlighted the use of the differential reserve requirement ratio to supplement regular policy tools, which could guide banks to lend "reasonably, moderately and steadily" and boost risk controls in the financial system.China increased interest rates by 0.25 percentage points in October and hiked the bank reserve requirement ratio six times this year to 18.5 percent and 19 percent for some large commercial banks in a move to curb lending amid accelerating inflation.

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