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OTTAWA, March 9 (Xinhua) -- China and Canada have officially kicked off a series of celebrations for the 40th anniversary of the establishment of their diplomatic relations.As one of the opening events, the China Broadcasting Chinese Orchestra (CBCO) staged a 2010 Spring Festival Gala Concert on Monday night at Southam Hall of the National Arts Center in Ottawa.The grand show, which featured over 30 different kinds of traditional Chinese musical instruments, attracted an audience of around 2,000, among whom were senior Canadian officials and Chinese Ambassador to Canada Lan Lijun.Chinese Ambassador to Canada Lan Lijun (C) and President of the Treasury Board of Canada and Minister for the Asia-Pacific Gateway Stockwell Day (R) cut the ribbon for an exhibition marking the 40th anniversary of the Sino-Canadian relation ties in Ottawa, capital of Canada, March 9, 2010Addressing a reception before the show, Ambassador Lan said that the China-Canada diplomatic ties, which were forged on Oct. 13, 1970, have moved forward thanks to the personal commitment of leaders of several generations and concerted efforts of people from various sectors in both countries. "Our exchanges and cooperation in all fields have been growing steadily and exchanges at the top and other levels have increased, " Lan noted.He said that China stands ready to work with Canada, with a strategic and long-term perspective, to seize the opportunity brought by the 40th anniversary to review the past and plan for the future, and jointly forge an even better future.On the same occasion, Canadian Speaker of the Senate Noel Kinsella said it is encouraging to see the two countries continuing to work together in a constructive and cooperative manner."The fact that we were able to put aside our differences at the height of the Cold War and work together for a better future makes me believe that our partnership can withstand the most difficult challenges that might come our way," he said.The Speaker also praised the hard-working Chinese immigrants who endured difficult conditions long before the two countries established diplomatic ties, as they helped build the Canadian Pacific Railway, which played a critical role in history.On the eve of the concert, Canadian Prime Minister Stephen Harper also sent a greeting message, saying that the wonderful evening of beautiful music was a great opportunity to share Chinese culture with Canadians as more than a billion people around the world welcomed the Year of the Tiger."It is a time of great expectations and an occasion to recognize the significant contributions of Chinese Canadians," Harper added.Established in 1957, the CBCO has performed at Konzerthaus Berlin, Lincoln Center, John F. Kennedy Center and Moscow Tchaikovsky Concert Hall over the past five decades. Its world- class Chinese New Year Concert has also become a classic event at the Golden Hall of Vienna since 2003. This is the Orchestra's first visit to Canada. 

BEIJING, Feb. 26 (Xinhua) -- The China Banking Regulatory Commission (CBRC), the banking regulator, said Friday it would introduce four measures to facilitate the development of rural financial institutions.The CBRC would improve supervision of rural financial institutions, strengthen risk management, encourage their adopting effective corporate governance model, and evaluate the quality of their services, said Zang Jingfan, the supervision department director of the CBRC.China approved a total of 172 new-type rural financial institutions, including 148 rural banks, 8 lending firms and 16 rural mutual cooperatives by the end of 2009, according to Zang.Outstanding loans by these institutions totaled 18.1 billion yuan, of which 36 percent went to farmers and more than 50 percent to small businesses, he said.The government has been trying to boost lending to farmers and companies in the countryside, and the CBRC announced last year a plan to set up 1,293 rural financial institutions by 2011 to boost rural development.

ZHOUSHAN, Zhejiang Province, March 20 (Xinhua) -- Maritime police authorities in Shanghai and the eastern China provinces of Jiangsu and Zhejiang launched a joint anti-terror exercise Saturday in the run-up to the Shanghai World Expo.Seven naval vessels joined the maneuver, which was held in the waters off the Zhoushan Islands in Zhejiang Province, said Qian Junmin, a senior officer with the maritime police force in Jiangsu Province.He did not say how many officers joined the exercise, which focused on shooting and other practices.Shanghai, which sits at the mouth of the Yangtze River on the East China Sea, has a coastline of more than 600 km with busy water traffic.For security considerations, the sea off Shanghai will be patrolled by armed boats and motorboats during the Expo, scheduled from May 1 to Oct. 31.

BEIJING, Jan. 21 (Xinhua) -- A senior official with China's central bank Wednesday called on lenders to balance their lending this year and to avoid abrupt loan fluctuations.The People's Bank of China (PBOC) will continue to optimize the lending structure and properly manage the pace of credit growth while ensuring sufficient loans for economic recovery, said Zhang Tao, head of the bank's financial survey and statistics department.The PBOC will continue its moderately loose monetary policy this year, he added.Premier Wen Jiabao on Tuesday urged the government to optimize credit structure and maintain a proper pace of credit supply to guard against financial risks.China's top banking regulator Liu Mingkang told the Asia Financial Forum held in Hong Kong Wednesday that China's overall credit growth will be scaled down to 7.5 trillion yuan (1.1 trillion U.S.dollars) in 2010, compared with last year's lending spree of 9.59 trillion yuan.To help soak up extra cash flow, the central bank raised the reserve requirements on banks by 0.5 percentage points on Monday, the first increase in 18 months, which analysts forecast would help freeze 250 billion yuan of liquidity.

BEIJING, Feb. 13 (Xinhua) -- The outlook of China's steel industry will be better this year than 2009 as the impact of the stimulus package continues, the Ministry of Industry and Information Technology (MIIT) said Saturday.A strong increase in new investment plans would help boost domestic demand for steel while improving external demand following world economic recovery would encourage steel exports, the MIIT said.The implementation of a proactive fiscal policy and moderately easy monetary policy injected ample liquidity into the market and provided the steel enterprises with easy access for fund, it said.However, excess capacity, still weak external demand and rising production costs would all impose pressure on the development of the industry, the ministry said.China's crude steel production capacity was forecast at 700 million tonnes at the end of 2009, compared with 660 million tonnes at the end of 2008.In 2009, China's steel output rose 13.5 percent to 567.84 million tonnes. Its 68 large and medium sized iron and steel companies reaped 55.39 billion yuan (8.12 billion U.S. dollars) in profit in 2009, down 31.43 percent from a year earlier.