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BEIJING, April 22 (Xinhua) -- The Chinese government announced a string of emergency measures Wednesday to provide convenient financial services for people in the quake-hit Qinghai Province and to support reconstruction.The People's Bank of China, the central bank, would lower the deposit reserve ratio for financial institutions in the quake area by 1 percentage point from Wednesday to help increase lending, said a statement posted on the website of the central bank.It would also reduce its rediscount rate for local Rural Credit Cooperatives by 1 percentage point to ease their financial burden.The rediscount rate is the interest rate charged to banks and deposit institutions when they borrow money from the central bank.The return of loans extended before the earthquake was not imperative until June 30, 2011. Residents and companies would be exempted from bad credit records if they could return their loans before the deadline, the central bank said.The statement urged local banks to resume business as soon as possible to meet rising demand for financial services.They should set up temporary outlets in tents, extend office hours and take measures to ensure adequate cash supplies so that residents could deposit and withdraw money conveniently.The measures were jointly introduced by the People's Bank of China, the China Banking Regulatory Commission, the China Insurance Regulatory Commission and the China Securities Regulatory Commission.The 7.1-magnitude quake struck the Tibetan Autonomous Prefecture of Yushu on April 14, leaving 2,183 people dead, 84 missing, and 12,135 injured as of Wednesday.

BEIJING, April 27 (Xinhua) -- China's Ministry of Commerce Tuesday made a cautious prediction for the outlook of the nation's foreign trade for the rest of the year amid the fragile global economic recovery.The rebound of China's overseas shipments in the first quarter can largely be attributed to the low comparison base of the same period last year, the commerce ministry report said.Moreover, uncertainty in the global market remains as high unemployment in European Union nations and low capacity-utilization in the United States may dampen consumption and investment, the report said.China is facing deteriorating trade conditions as trade protectionism is on the rise, the report added.China suffered 19 trade-remedy investigations in the first quarter, up 93.5 percent over the same time last year. The investigations, targeting Chinese products, involved trade worth 1.19 billion U.S. dollars, the report said.The report also said higher costs may squeeze domestic enterprises' profits as a result of raw material price hikes and rising labor costs.China's exports increased 28.7 percent year on year in the first quarter of 2010 after dipping 16 percent last year amid the global economic downturn, customs data showed.

BEIJING, April 1 (Xinhua) -- Chinese President Hu Jintao will attend the Nuclear Security Summit on April 12 and 13 in Washington, Foreign Ministry spokesman Qin Gang said Thursday."China attaches importance to nuclear security, opposes nuclear proliferation and nuclear terrorism, and supports international cooperation," Qin said at a regular press briefing in Beijing.Leaders and representatives from more than 40 countries and some regional and international organizations, such as the European Union and the International Atomic Energy Agency, will take part in the conference."We hope the summit will achieve a consensus by all countries on nuclear security and yield positive results," Qin said.After the meeting, Hu will pay a state visit to Brazil and attend the second summit of the BRIC nations -- Brazil, Russia, India and China -- in Brasilia from April 14 to 17, Qin said.Hu will also pay a state visit to Venezuela on April 17 and 18, and make a working visit to Chile on April 18, Qin said.

BEIJING, April 1 (Xinhua) -- Chinese President Hu Jintao will attend the Nuclear Security Summit on April 12 and 13 in Washington, Foreign Ministry spokesman Qin Gang said Thursday."China attaches importance to nuclear security, opposes nuclear proliferation and nuclear terrorism, and supports international cooperation," Qin said at a regular press briefing in Beijing.Leaders and representatives from more than 40 countries and some regional and international organizations, such as the European Union and the International Atomic Energy Agency, will take part in the conference."We hope the summit will achieve a consensus by all countries on nuclear security and yield positive results," Qin said.After the meeting, Hu will pay a state visit to Brazil and attend the second summit of the BRIC nations -- Brazil, Russia, India and China -- in Brasilia from April 14 to 17, Qin said.Hu will also pay a state visit to Venezuela on April 17 and 18, and make a working visit to Chile on April 18, Qin said.

NAIROBI, May 8 (Xinhua) -- Somali pirates have hijacked a Taiwan fishing boat off the Horn of Africa nation coast with 26 crew members, a regional maritime official confirmed on Saturday.Andrew Mwangura, East Africa coordinator of Seafarers Assistance Program, said the ship's owner lost contact with the Tai Yuan 227 two days ago north of the Seychelles as it headed for the Maldives. "The fishing boat lost contacts two days ago and has 26 crew members from China, Kenya, Taiwanese and Mozambique. We received the reports on Friday and it seemed the hijack took place two or three days ago," Mwangura told Xinhua by telephone.The International Maritime Bureau has also confirmed the hijack.Pirate attacks off the Somali coast have continued despite the presence of several warships, deployed by navies of the NATO, the European Union, Russia, China, South Korea and India in the region to protect cargo and cruise ships against piracy.Kenya's proximity to Somalia prompted insurance companies to hike up their premiums for ships traveling to Kenyan ports to mitigate the increased insecurity.This led shipping companies to take the longer route around the Cape of Good Hope traveling to the Kenyan ports, with cost of doing business on the Kenyan coast going up by over 40 percent.To date more than 100 suspects have been transferred to Kenya by the Western warships patrolling the Indian Ocean to combat piracy.It is only Kenya and the Seychelles in the region that have agreed to take in suspects for prosecution, but both have recently complained about the burden of trying and jailing pirates in their countries.