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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.

BEIJING, July 16 (Xinhua) -- Senior Chinese leader Li Changchun, Friday urged the Chinese automobile industry to enhance indigenous technology and foster domestic brands while visiting an auto technology show here.At the China Achievements Expo for Self-innovated Auto Technology and Products, Li Changchun said boosting innovative capacity was pivotal to economic restructuring and shifting the economic growth pattern.Li, a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, said respect for innovation and talent should be the norm.The auto show, which runs from Thursday to Monday, features more than 140 cars from 16 Chinese companies. It is the first auto show ever to feature Chinese home-made and home designed vehicles only.A fifth of the vehicles on display are either energy efficient cars or cars fueled by new energies.The auto show is co-organized by China-Europe Association for Technical and Economic Cooperation (CEATEC) and the China Automobile Dealers Association.

BEIJING, July 29 (Xinhua) -- The People's Liberation Army (PLA) Navy had conducted a large scale of live-ammunition training exercise in the South China Sea, according to a front-page report on Thursday's PLA Daily newspaper.The exercise, which was carried out on July 26, brought together a large group of warships, submarines and combat aircraft.During the exercise, warships and submarines from the Navy's South China Sea Fleet performed precision strikes on surface targets by firing guided missiles while surface warships conducted anti-missile air defense operations, said the PLA's official newspaper.A naval aviation fleet also participated in air control operations, according to the report, which did not specify the exact location of the training or the number of participating warships.In overseeing the training, General Chen Bingde, PLA's chief of the General Staff, said that the PLA should "pay close attention to the development of situation and tasks" and make "solid preparation for military struggle which depends on massive military training" .

XIAMEN, June 19 (Xinhua) -- Top Chinese political advisor Jia Qinglin called for increasing cooperation and exchanges between the Chinese mainland and Taiwan on Saturday as a means of advancing peaceful development of cross-Strait relations.In his meeting with Taiwanese guests who are in Xiamen to attend the second Straits Forum, Jia, chairman of the National Committee of the Chinese People's Political Consultative Conference, expressed his hope that the Chinese mainland and Taiwan could continue to host and perfect such grassroots-level forums in the future."(Organizers) should welcome more Taiwanese to participate in the forum, especially those who had never been to the Chinese mainland," Jia said." hspace="0" src="/d/file/p/2010/06/eeb7e8c2214d07bd4bf3647a3374dba4.jpg" border="0" />Jia Qinglin(C), member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee and chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), attends the opening ceremony of the second Strait Forum in Xiamen, southeast China's Fujian Province, on June 19, 2010"People of all parties and all circles, as long as they support cooperation and exchanges across the Taiwan Strait, are welcome to exchange their views at the forum on an equal basis," he said.The Straits Forum, now in its second year, is expected to attract more than 10,000 Taiwanese participants this year. Among them, about 80 percent were non-officials, and over 60 percent were from the central or southern part of the island.Hailing the Straits Forum as a pioneering innovation, Jia said he believed the forum would make greater contributions to grassroots-level exchanges between the Chinese mainland and Taiwan, and contribute to the peaceful development of cross-Strait ties.Huang Ming-hui, vice chairwoman of Taiwan's ruling Kuomintang party, also said enhanced exchanges between the two sides across the Taiwan Strait would help reduce misunderstandings and continuous communications help reach consensus.

CHENGDU, Aug. 17 (Xinhua) -- The massive mudslide that hit Wenchuan County, southwest China's Sichuan Province, Saturday had killed 15 people and injured nine others by Monday, local authorities said Tuesday.Wenchuan County was the epicenter of the 8.0-magnitude earthquake that jolted Sichuan and other neighboring provinces in west China in May 2008. The quake left some 87,000 people dead or missing.The county, which falls under the jurisdiction of Tibetan and Qiang Autonomous Prefecture of Aba, was ravaged by rain-triggered floods and mudslides Saturday.At least 31 people were reported missing following the mudslide, but whether the 15 deaths were included was not known, according to a statement issued by the county government of Wenchuan.More than 50,000 residents and tourists were forced to evacuate in Aba as the local meteorological station issued warnings beginning Friday about expected heavy rains and possible geological disasters.Also, the county government of Wenchuan has arranged temporary shelters for residents left homeless by the floods.In Yingxiu Township of Wenchuan, rows of newly completed homes were submerged by the overflowed Minjiang River which runs through the town. The new homes had been built to accommodate those residents relocated outside Yingxiu after the deadly earthquake.If the flooding had not occurred, Lian Qunhua, who opened a grocery in the town, would have received the key for her new home in two weeks."This used to be my home," Lian told a Xinhua reporter, pointing to some debris in front of her. "That is my new home," she said, indicating a row of fresh new buildings soaked in the flood waters on the opposite bank of the Minjiang River."I feel hurt, indeed," she lamented.

来源：资阳报