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GUANGZHOU, Dec. 15 (Xinhua) -- China will increasingly promote the use of clean energy, since the country's energy needs are expected to increase by an equivalent of 2 billion tonnes of coal in the next decade, said Dai Yande, an official of the National Development and Reform Commission Tuesday during the 2010 Asia Energy Forum in Guangzhou City."China will use the lever of price to increase the demand for new energy," Dai said, "We will increase the share of non-fossil fuels in energy consumption to 15 percent by 2020.""We will increase the installed capacity of nuclear power to 80 million kilowatts and hydroelectric power to 400 million kilowatts by the end of 2020," Dai added.Further, China's major export hub Guangdong Province will invest 10 billion yuan (1.5 billion U. S. dollars) in green energy development in the next five years, said Li Chunhong, an official from the local government of Guangdong.By 2010, the capacity of nuclear power in Guangdong will reach 24 million kilowatts, and new energy will account for 30 percent of the total energy consumed, Li said.Opened on Dec. 13 in Guangzhou City, capitial of Guangdong Province in south China, the two-day forum provides a platform for experts and officials from around Asia to discuss regional cooperation in developing green energy.The first Asia Energy Forum was successfully held in Guangzhou in August 2009, and the forum is to be held annually in Guangzhou.
BEIJING, Nov. 19 (Xinhua) -- China's central bank Friday ordered banks to set aside an additional 0.5 percent of their deposits from Nov. 29, the fifth such hike this year and the second increase this month.The People's Bank of China said the move was aimed at "enhancing liquidity management and moderately regulating credit supply." The increase was estimated to freeze liquidity of about 300 billion yuan (44.8 billion U.S. dollars).The reserve requirement ratio (RRR) for the four big state-owned banks -- the Industrial and Commercial Bank of China, China Construction Bank, Bank of China and Agricultural Bank of China -- will stand at 18.5 percent once the rise takes effect.Friday's move will raise the deposit reserve ratio for other large financial institutions to 18 percent and for small and medium-sized institutions to 16 percent.Analysts said the increase exceeded forecasts as it targeted over-liquidity in the banking system and looming hot money inflows caused by the United States' quantitative easing policy."The PBOC is under pressure, and it needs to do something to show its determination to tame inflation. However, it has no intention to kill growth by aggressively hiking interest rates or imposing a lending squeeze," said Lu Ting, China economist at the Bank of America-Merrill Lynch."Hiking the RRR is the natural choice of the PBOC," Lu said in an e-mailed note to clients.China's economic growth rate was likely to slow in the fourth quarter to 8.7 percent, mainly as a result of economic restructuring, the State Information Center (SIC) said Friday.The forecast was almost 1 percentage point lower than the third quarter's 9.6-percent growth rate, but the SIC expected the economy to grow by 10 percent for the full year on the back of a 10.6-percent growth rate for the first three quarters.The central bank, on Nov. 10, announced a 50-basis-point rise of the RRR for Chinese financial institutions that accept deposits from Nov. 16, as China's consumer price index (CPI), a main gauge of inflation, soared to a 25-month high of 4.4 percent year on year in October.Prices of meat have risen for the week ending Nov. 14, with prices of pork up 1.6 percent and mutton 0.5 percent. Prices of eggs also rose 0.9 percent, while rice rose 0.6 percent and flour 0.4 percent, according to a weekly report by the Ministry of Commerce.The report said prices of 18 types of vegetables were slightly lower, down by 0.8 percent compared to the previous week. However, on a year-on-year basis, the prices of 18 staple vegetables in the first 10 days this month were still significantly higher from a year earlier.The State Council, the Cabinet, Wednesday announced price control guidelines to reassure consumers facing rising inflation and urged local authorities to offer temporary subsidies to needy families.The market had been expecting an increase, but did not anticipate it would come so soon, said Tan Yaling, senior analyst at Bank of China.She said the central bank would not raise the benchmark interest rates soon after the ratio hike as higher interest rates would further expand the interest rate differences between China and other major economies, which would lead to the influx of hot money.The central bank's decision to raise the RRR, instead of interest rates, was because a higher RRR would have "a direct effect on withdrawing liquidity," said Yan Wei, chief economist with the Orient Securities.The decision was announced after Chinese stock markets edged up following a period of decline of up to 10 percent of their value, largely on concerns of tighter policies.The benchmark Shanghai Composite Index rose 0.81 percent to close at 2,888.57. The Shenzhen Component Index closed up 1.23 percent to end at 12,295.85.
BEIJING, Nov. 24 (Xinhua) -- Senior Communist Party of China (CPC) official Liu Yunshan met in Beijing Wednesday with a delegation of the Peruvian political party Fuerza 2011, led by Ex-President Alberto Fujimori's daughter Keiko Fujimori.Liu spoke positively of the development of Sino-Peruvian ties in recent years, noting that the establishment of the bilateral strategic partnership in 2008 signalled bilateral relations had entered a new phase.Liu, who is a member of the political bureau of the CPC Central Committee and also chief of the Publicity Department of the CPC Central Committee, said the CPC was willing to develop friendly relations and cooperation with Fuerza 2011 on the basis of independence, equality, mutual respect and the principle of non-interference in each other's internal affairs. Liu Yunshan (R), a member of the Political Bureau of the Communist Party of China (CPC) Central Committee and head of the Publicity Department of the CPC Central Committee, meets with Keiko Fujimori, chairwoman of the Peruvian political party "Fuerza 2011", in Beijing, capital of China, Nov. 24, 2010.He hoped exchanges between the CPC and Fuerza 2011 would boost the development of the bilateral relations.Fujimori, who is chairwoman of the Peruvian party, Fuerza 2011, said her party hoped to forge and develop friendly relations with the CPC.She also hoped Fuerza 2011 would share experiences with the CPC in state-governing and administration, and jointly push forward the bilateral strategic partnership.
BEIJING, Jan. 4 (Xinhuanet) --The amendment of China's organ transplant regulations is being prepared and may be out in March after revision, said Vice-Health Minister Huang Jiefu."It will give legal footing to the Red Cross Society of China to set up and run China's organ donation system," he told China Daily.The organ transplant regulations that the amendment will update have been in use since 2007."With the amendment, China will be a step closer to building up a national organ donation system, which is being run as a pilot project in 11 provinces and regions now, and thus ensure the sustainable and healthy development of organ transplants and save more lives," he said.The Red Cross Society's responsibilities will include encouraging posthumous voluntary organ donations, establishing a list of would-be donors and drawing up registers of people waiting for a suitable donated organ.The long-awaited system will be available to everyone in China (excluding prisoners) wanting to donate their organs after their death in the hope of saving lives.Currently, about 10,000 organ transplants are carried out each year on the Chinese mainland. It is estimated that around 1.3 million people are waiting for a transplant.However, there had been a lack of a State-level organ donor system before a trial project was launched in March 2010. Currently, organ donations have come mainly from volunteers and executedprisoners with written consent either from themselves or family members. The process has been put under strict scrutiny from the judicial department, according to the Ministry of Health."An ethically proper source of organs for China's transplants that is sustainable and healthy would benefit more patients," Huang said.He said a trial project run by the Red Cross Society and the Ministry of Health, which was started last March in 11 regions, has led to 30 free and voluntary organ donations."As the pilot gradually expands nationwide, more people will be willing to donate in China."He said willing organ donors, who die in traffic accidents or because of conditions such as a stroke will be the most suitable.Huang stressed that a compensatory aid program for organ donations will also be necessary and he suggested that donors' medical bills and burial fees should be covered and a tax deduction offered, rather than a fixed cash sum paid.Luo Gangqiang, a division director in charge of organ donation work with the Red Cross Society in Wuhan - one of the 11 trial regions - said cash compensation in some areas has prompted potential donors to shop around when deciding whether to donate."Few details concerning the system have been fixed so far," he told China Daily.Luo noted that his region is currently offering donors 10,000 yuan (,500) in compensation, which is less than the amount on offer in Shenzhen, another area participating in the pilot project.He said the money is mainly from hospitals receiving the organs.In other words, "it's finally from the recipients", he said.Many of the pilot areas are trying to set up special funds mainly to compensate donors in various forms, according to Luo."Donations from transplant hospitals, recipients, corporations and the general public are welcome."The money will also be used to support the work of coordinators, mainly nurses working in ICUs, he noted.Luo also pointed out a pressing need for brain death legislation to be brought in to help their work. Worldwide more than 90 countries take brain death as the diagnostic criterion to declare death.Given the limited understanding among the public and even some medical workers about when brain death happens and when cardiac arrest happens coupled with various social and cultural barriers to removing organs, "legislation on brain death won't come shortly", Huang said.For the official standard, "we should advise cardiac death at present as a death standard for donations", he said.But he also suggested that cardiac death and brain death could coexist and that Chinese people could be allowed to choose which one they want as the criterion for their own donations, based on individual circumstances and free will."The health ministry will promote brain death criterion at the appropriate time, when people can understand concepts such as brain death, euthanasia, and vegetative states," he said.Meanwhile, efforts are under way including organizing training, publishing technical diagnostic criteria and operational specifications on brain death among doctors to enhance their awareness.So far, China has an expert team of more than 100 people capable of handling brain death related issues, Huang noted.
HANGZHOU, Dec. 24 (Xinhua) -- Fire engulfed an electric appliance store in east China's Zhejiang Province Friday night, local police said.Flames broke out at around 8:30 p.m. at a store of GOME, China's leading electric appliance franchiser, in downtown Jinhua City, Zhejiang, according to the police.The store occupies the first three floors of a 13-storey residential building. The store was in business when the fire broke out."The fire has engulfed six floors of the building so far. At least 10 people from the upper residential apartments have been transferred to safer places by firefighters as of 9:50 p.m.," said a witness.The witness said there were people trapped on the 12th floor of the building, but the exact number of the trapped remained unknown.Ambulances are waiting on the road. So far, no casualties were reported.Fire fighters continue rescuing people from the upper floors by stairs.