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BEIJING, Jan. 17 (Xinhua) -- The China Banking Regulatory Commission (CBRC) announced Monday that it will guide the nation's banks to a scientific pace of lending this year as it stressed bank loans should better serve the real economy.The CBRC said in a statement on its website that it will also expand and improve financial services in the country's rural areas and encourage banks to support borrowing activities from small-sized companies.The CBRC said it will carry out more studies in stepping up support for the country's affordable housing program, which aims to build 10 million affordable housing units for low and middle income residents this year.The commission also said it will continue to implement the differentiated home loan policy adopted last year, under which bank loans for third home purchases are suspended and down payments for all first-time home buyers are at least 30 percent of the purchase price, while second home buyers will have to pay an even higher amount of down payments, at 50 percent.Further, the CBRC said it would tighten controls over lending to local government's financing vehicles in order to ward off risks.Government data showed new yuan-denominated lending in China reached 7.95 trillion yuan (about 1.2 trillion U.S. Dollars) last year, overshooting the government's full-year target of 7.5 trillion yuan.

BEIJING, Nov. 18 (Xinhua) -- Chinese Vice Premier Wang Qishan on Thursday agreed with U.S. Commerce Secretary Gary Faye Locke and Trade Representative Ron Kirk to enhance bilateral trade cooperation.In their latest phone talks, the two sides exchanged views on the China-U.S. economic and trade relations and other issues of common concern.They agreed to deepen communications and cooperation in order to guarantee a successful outcome of the forthcoming 21st session of the China-U.S Joint Commission on Commerce and Trade (JCCT) and lay a favorable foundation for a state visit by Chinese President Hu Jintao to the United States slated for early next year.The JCCT was established in 1983 as a platform for the two countries to promote trade relations and address issues of mutual concern. The last session was held in the eastern Chinese city of Hangzhou in October last year.
TIANJIN, Dec. 31 (Xinhua) -- A subway train of six cars being assembled rolled off a production line Friday at a production base in north China's Tianjin Municipality, according to China South Locomotive & Rolling Stock Corporation (CSR).The subway train is the first of the kind ever produced at the CSR Tianjin Industrial Park, said CSR's chairman, Zhao Xiaogang.The train, designed to run at a speed of 80 km per hour, has a holding capacity of 1,800 passengers. It will will be used in Tianjin's Subway Line 3, which will begin service in 2011.The production base, with an initial investment of 3 billion yuan (455 million U.S. dollars), can produce 100 to 200 trains a year. It will attain a capacity of producing 500 trains annually in the next five years, according to Zhao.Analysts say the base's first product marked Tianjin's efforts to encourage the development of modern and more advanced industries in the city.The production base will boost the development of emerging industries in Tianjin and contribute to China's economic transformation, Zhao said.CSR, a state-owned company with more than 80,000 employees, produces about 70 percent of all high-speed trains China.
HAIKOU, Jan. 10 (Xinhua) -- China will provide more support for the country's religious communities in their international exchanges and communications, said Wang Zuoan, director of the State Administration for Religious Affairs.Wang made the remarks at the 2011 national conference on religious work held in South China' s Hainan Province on Monday.The administration will actively support religious circles in China to promote the concept of religious harmony during the first World Interfaith Harmony Week, which has been recognized by the United Nations and will be held in the first week of February, Wang said.Additionally, Wang said that the country is working to streamline the social security system to further benefit religious personnel.
来源:资阳报