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BEIJING, Sept. 17 (Xinhua) -- The People's Bank of China (PBOC), or the central bank, announced Friday it would continue the country's moderately easy monetary policy while making it better-targeted and more flexible in the coming months of this year.The PBOC made the announcement in its report on China's financial stability, which was released on the PBOC's website.The PBOC said in the next stage it needs to skillfully handle the relationship between maintaining steady and rapid economic development, restructuring the economy and managing inflation expectations.Chinese banks should continue supporting the country's economic restructuring, guard against risks, change profit structures, and improve the capital replenishing and restriction mechanism, the central bank said in the announcement.The announcement noted that local government debt was rising quickly, corporate liquidity was decreasing with a high current debt ratio, and credit card advances were increasing despite mounting financial assets held by residents and the low debt level.It said the global financial crisis had revealed limitations and gaps in the existing regulatory system. To prevent systemic risks, the central bank would combine macro and micro-prudential supervision in its policy package.
ANKARA, Oct. 8 (Xinhua) -- China and Turkey on Friday issued a joint declaration on the establishment and development of a strategic relationship of cooperation, further upgrading the level of bilateral relations.The two emerging developing countries agreed to maintain the momentum of high-level exchange of visits, deepen political mutual trust, expand bilateral friendly exchanges and formally launch a mechanism of joint working group of the two foreign ministries, the declaration said.Chinese Premier Wen Jiabao was in Turkey for an official visit Thursday through Saturday at the invitation of Prime Minister Recep Tayyip Erdogan. Chinese Premier Wen Jiabao (R) meets with Turkish President Abdullah Gul in Istanbul, Turkey, Oct. 8, 2010.During his visit, Premier Wen met with President Abdullah Gul and held talks with Prime Minister Erdogan. In a frank, friendly and pragmatic atmosphere, leaders of the two countries had an in-depth exchange of views on how to further expand and deepen China-Turkey mutually beneficiary cooperation in all fields and on regional as well as international issues of common interest, reaching broad consensus, the declaration said.The two sides made an overall review of and highly appraised the development of bilateral relations and expressed satisfaction over the fruitful achievements in the relations.It is the shared view of the two sides that as emerging developing countries, both China and Turkey are at an important stage of development, the declaration said."With the historical background of deep and complex changes in the international situation, the continuous expansion of China-Turkey friendly relations and cooperation, both in scale and content, will not only benefit the two peoples, but also contribute to regional and world peace, stability and development," it added.

BEIJING, Oct. 22 (Xinhua) -- China's top political advisory body decided Friday to commemorate the 100th anniversary of the 1911 Revolution in 2011.The decision was announced on the last day of the 11th session of the Standing Committee of the 11th National Committee of the Chinese People's Political Consultative Conference (CPPCC).The 1911 Revolution, led by Dr. Sun Yat-sen, broke out on Oct. 10, 1911. It overthrew the Qing Dynasty (1644-1911), ending thousands of years of Chinese feudalism.Separately, Jia Qinglin, chairman of the CPPCC National Committee, said at the meeting all attendees agreed with the Communist Party of China (CPC) Central Committee proposal for the nation's next five-year program.Jia said all CPPCC National Committee members should learn and understand the proposal to ensure China realizes the transformation of its economic development pattern.The CPPCC will continue to make further efforts to help implement the 12th Five-Year Program, Jia said.Also Friday, Jia said at a group study meeting of the CPPCC National Committee that members and organizations of the CPPCC have made great efforts to promote economic and cultural exchange with Taiwan compatriots."It is necessary for CPPCC members to make a good use of our advantages with wide connections, be ready to offer advice and suggestions, and carry out and promote exchange between compatriots across the Taiwan Strait, so as to enhance understanding and trust, and make contribution to advancing peaceful reunification of our motherland," said Jia.
ZHENGZHOU, Oct. 25 (Xinhua) -- A moderate earthquake that hit central China's Henan Province Sunday afternoon levelled 24 houses and left 12 students injured, local officials said early Monday morning.The quake, measuring 4.7 on the Richter scale and with a hypocenter depth of 8 kilometers, truck Zhoukou City at 4:58 p.m., according to the China National Seismological Network.Twenty four houses in Taikang County collapsed while 12 students in a middle school were injured, who are currently in hospital.In Fugou County, about 40 houses were reported to have cracks or other damages.Tremor was felt across eastern Henan, including provincial capital Zhengzhou City.
WASHINGTON, Sept. 3 (Xinhua) -- Senior Chinese and U.S. diplomats have agreed to work together to advance the stalled six-party talks on denuclearization of the Korean Peninsula.Wu Dawei, China's special representative for Korean Peninsula affairs, held separate meetings during a visit here between Aug. 31 and Sept. 3 with U.S. Deputy Secretary of State James Steinberg, special envoy for the Democratic People's Republic of Korea (DPRK) Stephen Bosworth, Assistant Secretary of State Kurt Campbell and the White House chief adviser on Asia Jeff Bader.Both sides agreed to play a constructive role in maintaining peace and stability on the Korean Peninsula.China and the U.S. also believed the six-party talks was an effective tool to maintain peace and stability within the peninsula, as well as to denuclearize the region.The two countries want to work with other related parties to create conditions to push the talks forward. In addition to China, the U.S., DPRK and South Korea, other parties to the talks include Japan and Russia.
来源:资阳报