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BEIJING, Aug. 6 (Xinhua) - China's Ministry of Agriculture Friday urged local authorities in flood-hit regions to step up efforts to resume agricultural production and create favorable conditions for the autumn harvest following this summer's severe floods.Local departments were ordered to accelerate water drainage, restore damaged infrastructures, strengthen field management, and plant mung bean, potatoes and buckwheat, which have short growth periods, to make up for losses, according to an official from the ministry.The official also required departments to clear away and carry out bio-safety disposal of dead livestock, while increasing epidemic control measures.As of July 21, more than 7 million hectares of farmland in China had been destroyed by torrential rains and floods, according to data from the State Flood Control and Drought Relief Headquarters.
BEIJING, Aug. 4 (Xinhua) -- China's foreign exchange regulator Wednesday pledged to continue efforts to manage illegal capital inflows in the second half of the year.In a statement on its website, the State Administration of Foreign Exchange (SAFE) said it had investigated up to 3.5 million cases of international trade transactions, involving a total of 440 billion U.S. dollars, during its hot money monitoring campaign, which began in February.The statement said it had identified 197 cases of illegal capital inflow, but it gave no exact sum for the cases.SAFE said earlier last month that its investigations had found 190 cases, involving 7.35 billion U.S. dollars, of hot money inflows.Capital flows into and out of China for purposes other than import and export payments are strictly controlled by SAFE, which manages the country's 2.45 trillion U.S. dollars in foreign exchange reserves.The statement also said it would introduce new foreign exchange instruments to meet domestic market demand and support China's currency reforms.China's central bank announced on June 19 that it would further the reform of the formation mechanism of the yuan exchange rate to improve its flexibility.The hot money campaign was launched amid concerns that speculators were betting on an appreciation of the Chinese currency and rising asset prices.
BEIJING, June 14 (Xinhua) -- China on Monday urged the United States political figures to stop blaming others for U.S. economic problems and to solve the problems themselves, as pressure on the Renminbi exchange rate mechanism builds."It's unreasonable to politicize the RMB exchange rate issue or engage in trade protectionism against China under the guise of the exchange rate issue. Doing so will only harm both sides," Foreign Ministry spokesman Qin Gang commented in response to some U.S. politicians' remarks on the Renminbi exchange rate issue.U.S. Treasury Secretary Timothy Geithner said at a congressional hearing last Thursday China's refusal to revalue its currency impedes global economic reforms -- even as he highlighted the importance of U.S.-China trade and hailed the recent growth of Chinese imports of U.S. products.Some U.S. congressmen have said they will soon push for a trade sanctions bill targeting countries "whose currency exchange rate is not equal to fair value.""We agree with the remarks China-US trade is very important. The trade is mutually beneficial and win-win in nature," Qin said.China does not intend to pursue trade surpluses and is actively increasing its imports from the United States to push for sound and balanced trade ties, he said.In the first quarter of this year, U.S. exports to China surged by 50 percent year on year but less than 20 percent to other regions, according to Geithner.
QINGDAO, June 30 (Xinhua) -- The spread of green algae has quickened as the temperature rises in Qingdao City of east China's Shandong Province.The area covered by green algae surged by 60 sq. km on Tuesday to 460 sq. km, according to the latest monitoring figure by the North China Sea Branch of the State Oceanic Administration released Wednesday.The surge is three times as fast as the average increase over the past four days, which was from 380 to 400 sq. km."It's getting hotter and hotter in Qingdao these days, and the green algae grows faster and faster," said Wang Zhigang, a local resident who swims in the sea every day.Sixteen to 20 degrees Celsius were the most favorable sea temperature range for growth of the algae, said Pang Shaojun, a researcher from the Institute of Oceanology under the Chinese Academy of Sciences.The air temperature in Qingdao has risen by one degree Celsius per day on average over the past five days, reaching 27 degree Celsius Wednesday, according to the city's meteorological bureau."The sea temperature has risen to 20 degrees Celsius today, and the algae will keep growing if the temperature keeps rising," Pang said.The weather report said there would be a heavy rain in Qingdao, which would lower the air temperature to 25 degrees Celsius in the next three days, which meant the sea temperature would remain in the best range for the continued spreading of the green algae.Over 6,000 people, including cleaning workers and sea police, were deployed to clean the green algae as its continuing spread might affect the local fishery and tourism industries, said Ding Shugen from the Qingdao Committee of Municipal and Rural Construction.