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BEIJING, May 28 (Xinhua) -- Lending by Chinese banks may drop to 600 billion yuan (88 billion U.S. dollars) in May as the central government winds down its stimulus program and cools the property market to prevent the economy from overheating, the Shanghai Securities News reported Friday.A fall in bank lending in May is expected after the government introduced a raft of measures to curb the skyrocketing property market in April. The measures included a ban on lending for third home purchases and increased scrutiny of developers' financing, the report said.Lu Zhengwei, an economist at Industrial Bank, estimates Chinese banks' May lending will be 450 billion yuan to 650 billion yuan, compared with 774 billion yuan in April."China has asked banks to strictly control lending to industries with overcapacity and to stop lending to new projects not in the 4-trillion-yuan stimulus package. These will be major reasons for a drop off in May lending," he said.China's banks lent 3.37 trillion yuan in the first four months of the year, about 45 percent of the government's full-year 7.5-trillion-yuan lending target.The National Bureau of Statistics is due to release major economic data for May, including new bank lending, mid-June.

BEIJING, April 6 (Xinhua) -- Chinese President Hu Jintao vowed Tuesday to further improve officials' capability to guide development in a scientific way, as an 18-month nationwide study campaign for the Communist Party of China (CPC) drew to a close. Hu hailed the campaign implementing the Scientific Outlook on Development as "effective" while delivering the keynote speech at a conference that marked the campaign's conclusion.The study campaign achieved its aim of enhancing CPC members' ideological understanding, solved prominent problems, innovated mechanisms, promoted scientific development, and strengthened grassroots party organizations, Hu said. Chinese President Hu Jintao delivers a keynote speech at a conference, which is held to conclude a nationwide campaign of studying and implementing the Scientific Outlook on Development, in Beijing, capital of China, April 6, 2010"However, there is still a lot to do to apply the campaign's achievements to regular work," he warned.The just-concluded campaign focused on educating officials above the county-level.Hu said the CPC will draw on campaign experiences to strengthen officials' education and training in the future and to improve their capabilities in planning and promoting development, providing public service, and maintaining social stability."The implementation of the Scientific Outlook on Development hinges on government officials at various levels," he said.
BEIJING, June 6 (Xinhua) -- The Communist Party of China (CPC) Central Committee and the State Council, China's Cabinet, on Sunday jointly issued the country's Medium and Long-term Talent Development Plan (2010-2020), which sets a blueprint for creating a highly skilled national work force.The plan says as part of China's modernization process, people's education must be improved. China has to transform itself from being labor-rich to talent-intensive.The plan aims to increase the ratio of citizens with a higher education background in the work force from 9.2 percent in 2008 to 20 percent by 2020.The plan lists six major categories of "talent" that the government will help cultivate, ranging from political leaders, entrepreneurs to high-tech researchers and professional social workers.By 2020, more than 85 percent of government officials will have four years of college education, it says.The government will conduct large-scale training programs to encourage more college graduates to work in China's rural areas to help local farmers live a better life, the plan says.In terms of professional social workers, the plan says the government will put measures in place to train about 3 million social workers by 2020.
WASHINGTON, April 12 (Xinhua) -- Chinese President Hu Jintao met Japanese Prime Minister Yukio Hatoyama here on Monday to exchange views on China-Japan relations and other issues of common interest.Hu said he is happy to have the opportunity to meet Hatoyama in Washington, who is an old friend of China.Hu appreciated Hatoyama's efforts to boost the friendly relations between China and Japan and his contributions in this regard since he took office.The Chinese leader said he is willing to exchange views with Hatoyama on the development of bilateral ties and issues of common concern.Chinese President Hu Jintao (R) meets with Japanese Prime Minister Yukio Hatoyama in Washington April 12, 2010. President Hu Jintao arrived in Washington on Monday to attend the Nuclear Security Summit slated for April 12-13. To boost the development of China-Japan strategic relationship of mutual benefit, Hu laid out a four-point proposal: keeping high-level exchanges, deepening mutually beneficial cooperation, expanding people-to-people and cultural exchanges, and enhancing cooperation in the process of Asia's integration.For his part, Hatoyama said he also feels very happy to meet President Hu again after their last meeting in Singapore last year.
来源:资阳报