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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.

JINAN, May 16 (Xinhua) -- Senior Chinese Political Advisor Wang Gang has called for efforts to step up economic restructuring, optimize the industrial structure and improve innovation capability.Wang, vice-chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), made the remarks during his inspection tour in Qingdao, Yantai, Weifang and Jinan cities in east China's Shandong Province between May 11 and 16.China registered a relatively fast economic growth this year, but the foundation for the economic recovery was still not solid, he added.He called on local authorities to enhance their awareness of the importance and urgency of economic restructuring, further deepen reform and opening up, improve the people's livelihood, and keep a stable and relatively fast economic development.

DONGXIANG, Jiangxi, May 23 (Xinhua) -- At least three people were killed in east China's Jiangxi Province when a passenger train derailed after being hit by landslides at Sunday dawn, railway authorities said.The train, bound for the tourist city of Guilin in south China's Guangxi Zhuang Autonomous Region from Shanghai, derailed at around 2:10 a.m. in Dongxiang county, Fuzhou city in Jiangxi, the Ministry of Railways said in a press release. At least ten passengers were injured.Xinhua reporters who rushed to the scene saw the locomotive, plus eight of the 17 carriages of the train -- coded K859 -- derailed and some even overturned in the mountainous area of Jiangxi. One carriage was twisted and crushed on the other. Rescuers work at the site where a passenger train derailed in Dongxiang County, east China's Jiangxi Province, May 23, 2010. At least three people were killed, 10 more injured in Dongxiang when a passenger train derailed after being hit by landslides at Sunday dawn, authorities said"Each of the train carriages has 118 seats. It is not yet immediately known how many passengers were on board," said a police officer surnamed Luo, who was from the Railway Bureau in Nanchang, Jiangxi provincial capital.He said the bureau has called for all of its four legal medical experts to the accident site to help identify the dead."We are afraid the casualty may soon rise, as four of the derailed train cars were severely deformed in the accident," he said.Xinhua reporters saw rescuers using cutting equipment to open an entrance in order to get into one of the derailed carriage. A locomotive has arrived to help pull up the carriages.A rescue official surnamed Yu said hundreds of armed police, firemen and soldiers are trying to rescue those who remained trapped inside the train.More than a dozen ambulances were parked along the tracks.Rescuers told Xinhua at least 20 injured passengers were saved. Four in serious conditions were rushed to hospital.Trains on the Shanghai-Kunming railway were halted after the accident.Minister of Railways Liu Zhijun has ordered all-out efforts to save lives, to restore the railway transport and to launch a thorough investigation of the cause of the accident. [ Governor of Jiangxi Wu Xinxiong arrived at Dongxiang early Sunday morning to direct the rescue operations.Most parts of Jiangxi, along with neighboring provinces, were drenched by heavy rains in the past few days. Farms were destroyed, low-lying villages and towns flooded, and at least four reservoirs were forced to release fast-rising water.Local authorities said around 1.46 million residents were affected, with 44,600 being evacuated out of dangerous zones.In parts of south China, rainstorms since early May have triggered floods and mud-rock flows, swollen rivers, burst dikes, threatened reservoirs and damaged highways, bridges and power facilities.

BEIJING, April 12 -- As the country begins to phase out obsolete production methods in an economic restructuring drive, industries with overcapacity are likely to face even tougher financing terms this year.In response to the government call to curb excessive capacity, the banking regulator earlier this year asked lenders to maintain strict controls on loans flowing into industries including steel, cement, plate glass, shipbuilding, electrolytic aluminum, the chemical processing of coal and polysilicon.Liu Mingkang, chairman of the China Banking Regulatory Commission, said that commercial lenders should readjust their credit structures to support the country's industrial upgrading and restructuring drive."Loans to industries with overcapacity were growing at a significantly lower pace last year compared with that of the overall credit expansion," he said. Given that the country was considering an exit from the loose monetary policy implemented to counter the financial crisis last year, analysts said credit avenues for industries listed on the government "blacklist" were set to be limited. The Chinese government is targeted to give out 7.5 trillion yuan in new loans this year, lower than the record 9.59 trillion yuan lent in 2009.Indeed, industries with excessive capacity have not benefited from the lending binge last year, as commercial lenders' loans to such industries continued to drop. China Construction Bank (CCB), the nation's second largest lender, said its loans to industries with overcapacity accounted for 12.8 percent of the bank's total outstanding loans as of the end of last year, down from 15.7 percent a year earlier."We've decided to gradually exit from lending to industries with excessive capacity, and will only support leading enterprises in these industries and projects approved by the government," said CCB Vice-President Chen Zuofu.Bank of China, the most aggressive in pushing out credit among Chinese lenders last year, said outstanding loans for overcapacity industries declined to 219 billion yuan as of the end of last year, and account for 7 percent of the bank's total corporate loans.

BEIJING, April 1 (Xinhua)-- Chinese Vice President Xi Jinping on Thursday urged to remove "disturbance" in the China-U.S. relationship to promote long-term, healthy and stable bilateral ties.Xi made the remarks while meeting with a U.S. bipartisan delegation led by former U.S. Secretary of State Madeleine Albright and former U.S. Assistant Secretary of State Richard Williamson.The governments, parties and politicians of both China and the United States should "learn from history, cherish current opportunities, march with the times and take a broad view of bilateral ties," Xi said.  Chinese Vice President Xi Jinping (1st R) meets with a U.S. bipartisan delegation led by former U.S. Secretary of State Madeleine Albright and former U.S. Assistant Secretary of State Richard Williamson in Beijing, capital of China, on April 1, 2010Xi said he hoped the two sides will overcome difficulties and remove disturbances to improve bilateral ties for the benefit of the two nations and the world.The 18-member U.S. delegation is in Beijing to attend the first high-level dialogue with the Communist Party of China (CPC), which was held on Wednesday.It is also the first time the two U.S. political parties have sent a bipartisan delegation to China.