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BEIJING, Aug. 5 (Xinhua) - The People's Bank of China (PBOC), also known as the central bank, said Thursday it would maintain its moderately loose monetary policy and enhance financial supports to boost the economy's sustainable development.The bank will apply multiple monetary tools to keep an appropriate growth in money supply in a bid to strike a balance between meeting the need of funding economic development and managing the inflation expectation, the PBOC said in a statement posted on its website.The PBOC reiterated it would maintain continuity and stability in monetary policy while, at the same time, making the policy more specific and more flexible.It vowed to improve the yuan's exchange rate mechanism, and increase financial support to promote the transformation of the economic growth pattern and adjustment of the economic structure.China's broad money supply (M2), which covers cash in circulation and all deposits, increased 18.5 percent year on year to 67.39 trillion yuan by the end of June, which marked a slowdown from the 21 percent increase at the end of May, the PBOC said.During the same period, narrow money supply (M1), cash in circulation plus current corporate deposits, climbed 24.6 percent from a year earlier to 24.06 trillion yuan, representing a decrease of 5.3 percentage points from the end of May, according to the PBOC.The bank also warned of potential domestic inflation risks due to complicated situations both at home and abroad.Increases in the costs of labor and environmental requirements, combined with continuing progresses in the reforms in the prices of resource products, will likely impact the inflation expectation.Meanwhile, the central bank pointed out that external 'hot money' may push up price hike pressures."The global monetary situation is relatively loose, as nations across the world have been prudent in their stimulus exits due to continuing uncertainties in the economic recovery. Excessive money is likely to seek various outlets, adding potential risks of inflation expectations," the PBOC said in its statement.

WUXI, June 25 (Xinhua) -- Senior Communist Party of China (CPC) official Liu Yunshan Friday urged more efforts to expand the ranks of volunteers and optimize the system for volunteering.Liu, head of the Publicity Department of the CPC Central Committee, made the call in a letter of congratulations to a national seminar on volunteer work held in Wuxi city, east China's Jiangsu Province, Friday.A well-developed volunteer system could bring about a friendly social atmosphere and harmonious social relationships, the letter said.A statement released after the seminar, held jointly by the Publicity Department and the Civilization Office of the CPC Central Committee, said it was attended by officials from central ministries and civilization work offices of provinces and municipalities.It did not provide the names or the number of the participants.

GUANGZHOU, Aug. 4 (Xinhua) -- Tap water supply was resumed Wednesday in a south China town after a manganese contamination had led to drinking water shortage for 13,000 people since Monday.Local authorities in Lufeng City, Guangdong Provinceon Wednesday installed three temporary pipes to be connected to another local tap water plant that was not affected by manganese, amid efforts to ease drinking water shortage for residents.The city government said the manganese level in the contaminated tap water provided by a local supplier in Da'an town was 1.2 mg per liter since Monday, 12 times the maximum amount allowed in drinking water.The cause of the contamination was still under investigation and environment specialists from Lufeng City were in town to conduct further analysis, said Huang Xianjia, a city government spokesman.According to the safety standards for drinking water, jointly issued by the Ministry of Health and the Standardization Administration in 2007, the maximum manganese level allowed is 0.1 mg in every liter of drinking water.Huang said the contamination was "not serious." "Tap water still appears clear with no odor. It's safe for washing and bathing."But a resident surnamed Wang showed reporters two pails of water he stored on Monday. Dark sediment was seen clearly on the bottom of the pails."It takes time for the mineral to settle and become visible," said Wang.Wang and his neighbors have joined a rush for spring water in mountains near their homes. "Many families have bought new pails. Some carry water on motorbikes while others use shoulder poles," he said.

BEIJING, July 26 (Xinhua) -- The All-China Federation of Trade Unions (ACFTU) said Monday it would work to help 1 million job-seekers find jobs this year, as well as provide vocational training for an additional 1 million people.Also, the ACFTU will provide training and job opportunities for 200,000 housekeeping workers this year, said Li Shouzhen, spokesperson with the ACFTU, at a meeting of the national union's executive committee.The ACFTU has launched a five-year campaign of vocational training to help improve the skills of workers, Li said.The ACFTU has been working to protect migrant workers' rights and recovered 2.5 billion yuan (366.03 million U.S. dollars) of defaulted salaries for migrant workers in the first half of the year, Li said.The national union, founded on May 1, 1925, had a membership of 169.94 million, with migrant workers accounting for 24.1 percent of the total, in 2007.ACFTU chairman Wang Zhaoguo said at the meeting that trade unions at various levels should work to protect employee rights to ensure stability.The meeting stressed the importance of the collective wage negotiation system and seeks to implement its use in wage discussions between businesses with trade unions by 2012.

ZURICH,July 16 (Xinhua) -- Top Chinese legislator Wu Bangguo arrived in Zurich on Friday for an official goodwill visit to Switzerland."The bilateral ties between China and Switzerland have achieved significant progress in recent years. The enhancing mutual political trust, continuously growing economic cooperation and expanding people-to-people exchanges have brought substantial benefits to both peoples," said Wu, chairman of the Standing Committee of China'a National People's Congress (NPC), in a written statement upon his arrival here."China looks forward to taking advantage of the 60th anniversary of the establishment of Sino-Swiss diplomatic relations to push forward the friendship between our two nations in a healthy way and in the spirit of mutual respect and equality," Wu said.Wu Bangguo (front R), chairman of the Standing Committee of China'a National People's Congress (NPC), is welcomed upon his arrival in Zurich, Switzerland, July 16, 2010. Top Chinese legislator Wu Bangguo arrived in Zurich on Friday for an official goodwill visit to Switzerland.Wu came here at the invitation of Pascale Bruderer, president of the National Council of the Swiss Federal Assembly, and Erika Forster-Vannini, president of the Council of States of the Swiss Federal Assembly.