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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.

GUANGZHOU, July 22 (Xinhua) -- Two people were killed and the lives of more than one million people were disrupted after Chanthu, the third typhoon of the season, made landfall at the coastal area in south China' s Guangdong Province Thursday noon.Two pedestrians were killed by walls that blew over in strong gales accompanying Chanthu after it went ashore at Wuchuan City at around 1:45 p.m., according to officials at the provincial flood control headquarters.Chanthu also brought torrential rains to several cities in Guangdong.As of 8 p.m., more than 1.35 million people in 20 counties or cities in Guangdong were affected and 2,915 houses collapsed in the rainstorms and strong gales, with economic losses estimated at 2.2 billion yuan (about 324 million U.S. dollars), according to statistics from the headquarters.Photo taken on July 22, 2010 shows fishing boats anchored at Shapa Harbor in Yangjiang City, southern China's Guangdong Province. Chanthu, the third typhoon of the season, made landfall at the coastal area of Wuchuan City, southern China's Guangdong Province on Thursday afternoon, with winds near its center at 126 km per hour. Local meteorologists said Chanthu brought strong gales and torrential rains to many parts of the province, particularly in the west.After weakening into a tropical storm, Chanthu moved on to neighboring Guangxi Zhuang Autonomous Region at around 8 p.m.Chanthu delayed 30 flights at the Baiyun International Airport in Guangzhou. However, few passengers have been stranded at the airport, according to Baiyun airport officials.The airport also provided free food and made hotel reservations for passengers whose flights were delayed for more than two hours.At least 26 flights in and out of Haikou Meilan International Airport in Haikou, capital of the island province of Hainan, which is just one strait away from Guangdong, had been canceled Thursday.Passengers who arrived at the airport were provided with free hotel services, and no passengers were left stranded at the airport, said an airport spokesman.No casualties have been reported in Hainan.Meteorologists in Guangdong forecast that in the next 24 hours Chanthu would continue traveling northwestward at a speed of 15-20 km per hour while gradually weakening.

BEIJING, Aug. 23 (Xinhua) -- Senior Chinese leader Li Changchun urged promoting innovation, communication and the influence of Chinese culture with advanced technology on Monday.Li, a member of the Standing Committee of the Communist Party of China (CPC) Central Committee Political Bureau, made the remarks during his visit to the Beijing International Radio, TV and Film Equipment Exhibition (BIRTV).Li also called for efforts to better integrate culture and technology.Li reviewed some new achievements of communication technology innovation on display. He urged businesses to strengthen independent technological innovations to adapt China's Radio and TV communications technology to the digital and internet age.Also, improved integrity of culture and technology would help to promote the competitiveness of Chinese culture and enterprises in the cultural sector should promote the technical element in their products with improved equipment and proprietary intellectual property rights of key technologies, Li said.Further, advanced technology should be employed to promote both the emerging cultural sector and traditional sector, Li said.The BIRTV exhibition is sponsored by the State Administration of Radio, Film and Television. About 400 exhibitors attended the exhibition with equipments for radio, TV and film productions, broadcasting, transmitting and projecting on display.

BEIJING, June 28 (Xinhua) -- Chinese Vice Premier Li Keqiang met with Swiss Foreign Minister Micheline Calmy-Rey on Monday, calling for enhanced exchanges and contacts between the two countries.This year marks the 60th anniversary of China-Switzerland diplomatic ties. Li said the two countries had witnessed smooth progress of bilateral ties over the past 60 years and carried out substantial cooperation in the areas including economy, trade and technology.He suggested to further develop bilateral friendly cooperative ties on the basis of mutual respect, equality, mutual benefit and seeking common ground while putting aside difference.Because the world is undergoing profound and complex changes with global challenges on the rise, the two countries share the responsibility and aspiration to maintain world peace and development, said the vice premier.Chinese Vice Premier Li Keqiang (R) shakes hands with Swiss Foreign Minister Micheline Calmy-Rey during their meeting in Beijing, capital of China, on June 28, 2010."China appreciates Switzerland's positive role at the global stage, and hopes to enhance contacts with the country to jointly contribute to world peace, development and cooperation," Li said.Calmy-Rey said her country highly valued its relations with China and hoped to further strengthen bilateral exchanges in various areas and at all levels.Calmy-Rey is on a three-day working visit to China with a focus on the celebration of the 60th anniversary of diplomatic ties with China and the official political dialogue that Switzerland and China have agreed as a means to deepen their bilateral relations.

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