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BEIJING, April 11 (Xinhua) -- Although China registered the first monthly trade deficit last month in six years, that would be temporary as the demand for imports is likely to ease with the expected moderation in domestic fixed asset investment, said an economist of JP Morgan Chase."With an anticipated recovery in developed economies this year, Chinese exports should improve gradually over the coming months," said Jing Ulrich, chairman of China Equities and Commodities of the U.S. bank in a research note Saturday.That will be proved by the forward looking new export orders component of China's official PMI (Purchasing Managers's Index) which increased to 53.7 in March from 50.3 in February, she said.China reported trade deficit of 7.24 billion U.S. dollars in March, the first since April 2004, as exports rose 24.3 percent year on year, while imports jumped by 66 percent."The pace of China's export recovery and dynamics of imported inflation will shape the country's approach towards currency valuation. A return to the policy of gradual RMB appreciation would allow China to mitigate imported inflation and promote domestic consumption by boosting household purchasing power in local currency terms," she said.She noted that in the longer-run, more flexibility in China's currency regime would allow the central bank to set monetary policy with greater independence from the U.S. Fed Reserves.

BEIJING, May 9 (Xinhua) -- China needs more reasonable carbon emission quotas to buoy the nation's fast economic development amid the progressing industrialization and urbanization, said an official with the nation's top economic planner Sunday.Economic development is still a priority for China as it has to enable the 1.3 billion people to live decent lives, Su Wei, director of the climate change department of the National Development and Reform Commission (NDRC), said at the International Cooperative Conference on Green Economy and Climate Change.The "high carbon" characteristic rooted in Chins's energy structure would not be fundamentally changed in a short term as the development and use of clean energy such as wind and solar power started late in China, he said.Unreasonable industrial structure and relatively backward industry technology also made China's carbon emission reduction drive difficult , said Su.But he also said China has stepped up efforts to curb carbon emission since it vowed in last November to reduce the intensity of carbon dioxide emissions per unit of GDP in 2020 by 40 to 45 percent compared with 2005 levels.

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, 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 19 (Xinhua) -- Chinese Vice Premier Li Keqiang on Monday urged food quality authorities to strengthen supervision in order to to significantly improve food safety, consumer confidence, and the quality and reputation of domestic food.He instructed officials to focus on the prominent issues of food additives, farm products, processing, distribution and import and export, livestock slaughter, the catering industry and health supplements."Food is essential, and safety should be a top priority. Food safety is closely related to people's lives and health and economic development and social harmony," Li said at a State Council, or Cabinet, meeting in Beijing. Vice Premier Li Keqiang adressed a teleconference on food safety in Beijing on April 19, 2009.Li, a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, also serves as head of a national food safety commission, established early this year."We must create a food safety system of self-disciplined food companies with integrity, effective government supervision and broad public support, to improve overall food safety," he said.He urged improvements in food safety standards, production inspections and emergency responses.Li called on officials to resume food safety inspection in quake-hit Yushu in northwest China's Qinghai Province to ensure the well-being of victims and rescuersThe meeting was also attended by vice premiers Hui Liangyu and Wang Qishan.

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