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BEIJING, Jan. 3 (Xinhua) -- The Purchasing Managers' Index (PMI) for China's non-manufacturing sector was back to growth in December last year after declining for two months, the China Federation of Logistics and Purchasing (CFLP) said Monday.The December PMI for non-manufacturing sector rises to 56.5 percent, 3.3 percentage points higher than a month earlier, the CFLP said in a statement on its website.The figure declined month on month in October and November last year to a nine-month low of 53.2 percent in November.The non-manufacturing PMI is a package of indices that measure the non-manufacturing sector's performance.A reading above 50 percent indicates economic expansion while one below 50 percent indicates economic contraction. It was the eighth straight month the reading was above 50 percent.The monthly rise had reflected a steady growth in China's non-manufacturing sector, with new orders index 2.2 percentage points higher month on month to 52.3 percent and new export orders jumped 3.3 percentage points to 50.6 percent, said the CFLP.According to the CFLP, the New Year holiday, as well as the coming Lunar New Year holiday, or Spring Festival, which falls on early February this year, has led to a rebound in the consumer service sector, especially in the retailing and the catering businesses.The rapid growth in the information service industry has also contributed to the rise, which had largely driven up the producer service sector, of which the business activity index was up 4.3 percentage points to 59.7 percent, it said.The CFLP also pointed out that the intermediate input price index for December was down 0.7 percentage points from the November level to 65.9 percent, indicating that inflation condition has not worsened in the past month, but it suggested the government closely monitor its future trend.Noticeably, the new order index for the real estate industry remained below 50 percent by falling 2.3 percentage points to 45 percent, which was "a move toward the government's macro-control target", said the statement.

NEW YORK, Jan. 6 (Xinhua) -- Visiting Chinese Foreign Minister Yang Jiechi said here on Thursday that Chinese President Hu Jintao's upcoming state visit to the United States will promote further growth of Sino-U.S. relations in the new era.Yang made the remarks when addressing at the luncheon organized by the Council on Foreign Relations, a U.S. think tank headquartered in New York.Yang said that Hu's upcoming state visit to the U.S., conducted on the occasion of the 40th-anniversary of the restoration of China-U.S. contact and at the beginning of the second decade of the 21st century, would promote further development of a positive, cooperative and comprehensive bilateral ties in the new era.Chinese Foreign Minister Yang Jiechi delivers a speech during a luncheon at the Council on Foreign Relations (CFR) in New York, the United States, Jan. 6, 2011. With joint efforts from both sides, Yang said, the visit will effectively boost the practical cooperation between both countries, enhance the mutual understanding and friendship between the two peoples and have a major positive impact on safeguarding world peace, stability and promoting common development.U.S. participants to the luncheon said the relationship between the U.S. and China is of vital importance to both sides and the world at large. They expressed the hope that the positive, cooperative and comprehensive bilateral relationship will continue and expand.Describing President Hu's upcoming state visit to the U.S. as an event of great significance in bilateral relationship, they said they expect the visit to be a complete success.On Wednesday, Yang met with former U.S. Secretary of State Henry Kissinger in New York and attended a dinner hosted by Kissinger. He also met with U.S. people of various walks of life and held candid and in-depth talks with them on bilateral ties.

BANGKOK, Nov. 11 (Xinhua) -- Visiting top Chinese legislator Wu Bangguo on Thursday called on Chinese Thais and Chinese in Thailand to contribute more to bilateral friendly relations between China and Thailand at a welcome banquet held by Chinese groups here.Wu, on behalf of the Chinese government and people, extended his sincere greetings and best wishes to Chinese in Thailand and Chinese Thais, saying he was impressed by the kinship-like relations between the two countries during his meetings with Thai government and parliament leaders.Wu highly evaluated the contribution made by Chinese in Thailand and Chinese Thais to Thailand's economic prosperity and social development, China's modernization and peaceful unification, and China-Thailand good neighborliness and friendship, adding that the Chinese government and people will never forget that.Wu Bangguo, chairman of the Standing Committee of the National People's Congress of China, the country's top legislature, addresses an evening banquet held by overseas Chinese in Bangkok, capital of Thailand, Nov. 11, 2010."As long as we uphold the banner of socialism with Chinese characteristics, unswervingly go ahead along the road of socialism with Chinese characteristics, further implement the Scientific Concept of Development, further emancipate the mind, stick to the opening up and reform, push forward development in a scientific way, promote social harmony, China will be built into a modern socialist country in the end," the Chinese leader stressed.Wu Hongfeng, chairman of the Chinese Chamber of commerce in Thailand, said Chinese in Thailand and Chinese Thais are proud of China's tremendous achievement in 30 years of opening up and reform as China has witnessed a rapid economic development, strongly boosted overall national strength and a rising role in international arena.He said the top Chinese legislator's visit has enhanced the two countries' friendship, deepened their mutually beneficial cooperation and composed a new chapter in the Thailand-China friendly relationship.Wu Bangguo arrived here on Wednesday for a four-day visit after wrapping up his visit to Indonesia. He also visited Cambodia before.

BEIJING, Dec. 25 (Xinhua) -- China 's central bank announced Saturday that it will raise the one-year lending and deposit interest rate for the second time this year, as the government continues its battle against surging prices.The People's Bank of China (PBOC) said in a statement posted on its website that it will hike the benchmark interest rate by 25 basis points beginning Sunday, which raised the one-year lending rate to 5.81 percent and one-year deposit rate to 2.75 percent.The PBOC increased the benchmark lending and deposit rates by 25 basis points on Oct. 20, which was the first increase in nearly three years.The rate hike came after the central bank vice governor, Hu Xiaolian, said Friday that China would bring its overall money supply to a normal level using various policy tools, as the government shifts monetary policy from "moderately loose" to "prudent" to rein in rising inflationary pressures and curb asset bubbles.Photo taken on Nov. 18, 2010 shows a teller counting the Renminbi at a bank in Qionghai City, south China's Hainan Province. China's central bank will raise the one-year lending and deposit interests rate by 25 basis points from Dec. 26, 2010, according to a statement posted on the website of the People's Bank of China Saturday.The country's consumer price index (CPI), a main gauge of inflation, accelerated to a 28-month high in November of 5.1 percent, while new loans reached 7.45 trillion yuan in the first 11 months of this year, compared to the government's full-year target of 7.5 trillion yuan.A recent PBOC survey also showed that the proportion of Chinese citizens satisfied with the current price level had sunk to an 11-year low, and only 17.3 percent of the consumers said they intended to consume more in the future.Rising prices have prompted the government to take measures to rein in the hikes, including boosting supplies and providing financial aid to the needy.Li Daokui, a member of the monetary policy committee with the PBOC, said the rate hike mainly aimed at managing inflationary expectations and reflected the policy shift, as tightening the money supply is the best way to curb inflation.The rate increase came "at the right time", as western countries are celebrating the Christmas holiday, to avoid overreaction from the global markets, Li added.Besides interest rate hikes, China had increased the bank reserve requirement ratio six times in 2010 to 18.5 percent and 19 percent for some large commercial banks."The decision was made in consideration of China's economic condition next year," said Lian Ping, chief economist with the Bank of Communications, the country's fifth largest lender, who described fighting inflation as the central bank's primary task at present.Lian expected inflation to continue to go up in the first quarter next year due to rises both in demand and cost, as well as other influences from the external market.His views were echoed by Zhuang Jian, chief economist with the Asian Development Bank, who also attributed rising inflation to holiday seasons and the extreme winter weather.Observers believe that further rate hikes are to be expected since solving inflation and liquidity pressure at the same time is considered a difficult task."You cannot expect one or two rate rises to have a significant impact on economic indicators," said Zuo Xiaolei, chief economist with Galaxy Securities.However, Lian said China only has room for two or three rate hikes, as higher interest rates would increase risks of "hot money" inflows due to a widening interest margin between China and the United States, which is likely to keep rates low.Li Daokui also attributed the timing of the rate increase to avoiding rapid capital inflows.But currently the factors that decides the direction of capital flows are currency exchange rates and assets prices, Lian added.UBS Securities economist Wang Tao said last month that she expected the central bank to raise the interest rate by 25 basis points before the end of the year and by another 75 basis points in 2011.China's economy grew 9.6 percent year on year in the third quarter this year, slowing from the 10.3 percent increase in the second quarter and 11.9 percent in the first quarter.The country targets about a 3 percent inflation rate in 2010.

BEIJING, Jan. 2 (Xinhua) -- A cold front is forecast to sweep across northwest and central China over the next few days, as thousands of stranded motorists wait for highways in southwest China to reopen after freezing rain prompted their closure.A cold front will sweep across northwestern China Sunday and Monday, bringing temperature drops and strong winds, the China Meteorological Administration forecast in a statement on its website Sunday.Temperatures will fall 6 to 8 degrees Celsius in northwestern China and eastern parts of the Qinghai-Tibetan Plateau, with some parts seeing a drop of over 10 degrees Celsius.The cold front will move eastward and affect most of central and eastern China on Tuesday and Wednesday, according to the statement.A worker clears snow on the ancient city wall of Xi'an, capital of northwest China's Shaanxi Province, Jan. 2, 2011.Northern regions will see temperature drops of 4 to 8 degrees Celsius, with temperatures in some parts dropping 10 degrees Celsius, the statement said.Light to moderate snow or sleet will fall on the eastern Qinghai-Tibetan Plateau, in northwestern China, and in regions along the Yellow, Huaihe and Yangtze rivers over the coming three days.Both southwest Guizhou and central Hunan provinces will see heavy snowfalls and some parts of the two provinces will experience freezing rain, according to the forecast.In the last 24 hours as of 8 a.m. Sunday, freezing rain had lashed 62 counties and cities in Guizhou.Most expressways in Guizhou were closed Sunday due to freezing rain that has stranded some 6,200 people on highways and some 11,800 others in transportation stations, according to provincial transportation authorities.Transportation authorities have initiated an emergency response, dispatching 545 emergency vehicles and 4,200 personnel since Saturday afternoon to save people from the freezing rain.The rescuers are trying to evacuate the trapped passengers and drivers to nearby villages, service stations and the office buildings of the province's transportation department, said Chen Mengren, director of the department.The local civil affairs department has delivered food, 550 quilts, 800 coats and 4,000 bottles of water to the relief sites set up along the closed highways.The closing of a section of China National Highway 210 in Guizhou at 7 p.m. Saturday had stranded some 1,500 vehicles as of 5 p.m., leaving more than 7,000 occupants trapped in Nandan County in neighboring Guangxi Zhuang Autonomous Region, according to Nandan's publicity department.Highway closing in Guizhou also incurred traffic jam in neighboring Hunan Province, trapping more than 6,000 passengers on a highway leading to Guizhou. As of 8.p.m., most of the stranded passengers had been relocated to the nearby Xinhuang County.According to Guizhou's transportation department, the highway is unlikely to open until Monday and the transportation conditions in the next few days will not be optimistic as more cold fronts are forecast to hit the province from Wednesday to Saturday.Snow and freezing rain have also hit Hunan Province. But meteorological authorities said the possibility of the province suffering from harsh conditions similar to those in the winter of 2008 is small.