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BEIJING, Feb. 5 (Xinhua) -- Lending to China's small and medium-sized enterprises (SMEs) rose faster than loans to large enterprises last year, according to the People's Bank of China (PBOC), the central bank.Outstanding loans to small enterprises by banks and financial institutions jumped 29.3 percent year on year to 7.55 trillion yuan (1.15 trillion U.S. dollars) in 2010, while loans to medium-sized enterprises stood at 10.13 trillion yuan, up 17.8 percent, said the PBOC.Outstanding loans to large enterprises rose 13.3 percent to 13.42 trillion yuan, highlighting the government's efforts to optimize the loan structure, the PBOC said.About 99 percent of Chinese enterprises are SMEs which contribute 60 percent of the country's gross domestic product.Financing has long been difficult for Chinese SMEs as banks prefer to lend to big companies, particularly reputable state-owned enterprises.The government has moved to help SMEs get finance by differentiating the reserve requirement ratio for the Rural Credit Cooperative, the major lender to SMEs, and encouraging innovation in SME bond issuance.In July last year, the PBOC asked financial institutions to establish independent criteria for approving loans to SMEs and to improve efficiency in processing SME loan applications.The PBOC said SME loan growth would continue to accelerate this year.

BEIJING, March 6 (Xinhua) -- China aims to "basically eradicate poverty" by 2020 while greatly raise its poverty line, in order to help more people in need, Chinese Premier Wen Jiabao said here Sunday.The State Council is drafting a new ten-year poverty-reduction plan (2011-2020), in which the current poverty line of 1,196 yuan per year (about 0.5 U.S. dollars a day) will be greatly raised, Wen told a panel meeting of the ongoing session of the National People's Congress (NPC).The nation will intensify its poverty alleviation efforts through aids and development, focusing on large areas of destitute population, he said to a group of NPC deputies from Gansu, one of the poorest regions in China.According to the United Nations' standard of one dollar per person each day, China still has 150 million people under the poverty line.Wen said lack of water was the bottleneck for Gansu's social-economic development, urging the province to expand the use of water conservancy technology.Wen also urged the province to coordinate economic development with environmental protection, and reverse environmental degradation in Dunhuang, a historical city with world cultural heritage threatened by decertification.
KUALA LUMPUR, Feb. 3 (Xinhua) -- Malaysian Prime Minister Najib Razak wishes all Chinese in the world a happy Chinese New Year on Thursday in an exclusive interview with Xinhua News Agency at his official residence in Federal Administrative Center Putrajaya."I would like to wish all Chinese in the world, wherever they are at any part of the world, a very happy Chinese New Year through Xinhua News Agency,"Najib said. "I hope that this new lunar calendar year, the year of the Rabbit will bring much prosperity and will be a successful and productive year."Najib also noted the 36-year-old special ties between Malaysia and China - a relationship which was first established by his father Abdul Razak, the second prime minister of Malaysia.He stressed that Malaysia is determined to forge closer diplomatic relations with China in years ahead."The relationship between Malaysia and China is a very warm and strong relationship that was established way back in 1974, we were the first Southeast Asian to have established diplomatic relations with China," Najib said."Ever since that historic occasion, the relationship between the tow countries has developed from strength to strength and leaps and bounds and today it's the most important relationship that we have," Najib said. "I hope this relationship will bring much benefit to both Malaysia and China, I wish it can be developed further and strengthen and deepen this important relationship."The prime minister had his Thursday occupied, attending numerous Spring Festival Open House, including the one held by the Malaysian Chinese Association (MCA) - the largest party that represents the ethnic Chinese in the country's ruling coalition.Thousands attended the open house event at the party's headquarters, many of whom were tourists.Malaysian leaders, ambassadors and attaches from foreign embassies were among the invited guests at the event.The Open House is a Malaysian tradition during celebrations where people open their doors to welcome guests and even strangers into their homes.He then held a live teleconference with Malaysians residing in seven cities in the world, including Guangzhou, China, and sent his greetings.About 26 percent of Malaysia's 27 million population are ethnic Chinese.
TOKYO, Feb. 6 (Xinhua) -- Japanese Prime Minister Naoto Kan said Sunday that Japan is ready to reconstruct relations with China in cultural, economic, political and other areas, the Jiji Press reported."This year marks the 100th anniversary of China's Revolution of 1911, and next year will be the 40th anniversary of the normalization of Sino-Japanese relations," said Kan at the first session of the "China-issue" advisory committee, organized by the Japanese government and attended by personages from economic, cultural and academic circles."On this special occasion," Kan said, "Japan is ready to rebuild relations with China in various areas such as culture, economic and politics."According to local media reports, participants at the meeting put forward suggestions such as "China is a promising market in the economic area, and ties with China are thus of great importance" and "people-to-people exchanges need to be promoted in areas of culture, sports and arts."The committee is scheduled to submit the final advisory report to the government in mid-April.
来源:资阳报