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KUNMING, Aug. 29 (Xinhua) -- At least 14 people were injured and more than 7,300 houses damaged in an earthquake that jolted Yunnan and Sichuan provinces in southwest China Sunday.The earthquake measuring 4.8 on the Richter scale occurred at 8:53 a.m., hitting an area bordering the two provinces.The epicenter, with a depth of about 10 kilometers, was located at 27.1 degrees north latitude and 102.9 degrees longitude, according to the earthquake network center in Sichuan.Thirteen people were injured in the latest earthquake, and 7,354 houses were destroyed in the quake, including 122 houses being toppled, plus road cave-ins in Qiaojia County of Yunnan, according to Zhou Yingbin, deputy head of the county government.Another person was slightly injured in Ningnan County of Sichuan, local officials said, who added that nobody was reported dead or missing in the quake.
BEIJING, Sept. 17 (Xinhua) -- The People's Bank of China (PBOC), or the central bank, announced Friday it would continue the country's moderately easy monetary policy while making it better-targeted and more flexible in the coming months of this year.The PBOC made the announcement in its report on China's financial stability, which was released on the PBOC's website.The PBOC said in the next stage it needs to skillfully handle the relationship between maintaining steady and rapid economic development, restructuring the economy and managing inflation expectations.Chinese banks should continue supporting the country's economic restructuring, guard against risks, change profit structures, and improve the capital replenishing and restriction mechanism, the central bank said in the announcement.The announcement noted that local government debt was rising quickly, corporate liquidity was decreasing with a high current debt ratio, and credit card advances were increasing despite mounting financial assets held by residents and the low debt level.It said the global financial crisis had revealed limitations and gaps in the existing regulatory system. To prevent systemic risks, the central bank would combine macro and micro-prudential supervision in its policy package.
BEIJING, Oct. 25 (Xinhua) -- Fire has been put out at the scene of a July 16 blast involving two oil pipelines in Dalian, a port city in northeast China's Liaoning Province, by 2 a.m. Monday, the contingency headquarter said.The contingency headquarter said no crude oil has been found spilled over into the sea, and no ocean pollution has been detected.The fire was caused by the remaining oil in a tank which had been emptied before workers tried to remove it at 4:10 p.m.. No casualties have been reported.The tank, owned by China National Petroleum Corp (CNPC), caught fire on July 16 when two pipelines at Dalian Xingang Harbor exploded.
BEIJING, Oct. 18 (Xinhua) -- U.S. probe into Chinese clean energy policies, dubbed Section 301, will harm the United States itself by revealing more of its own subsidies to new energy businesses, Zhang Guobao, head of the National Energy Bureau, said Sunday evening.The U.S. Trade Representative's office started the investigation on Oct. 15 in response to the United Steelworkers Union's complaint on Sept. 9 that China's support for its renewable energy industries gave Chinese producers unfair edges over competitors."Chinese subsidies to new energies companies are very small, but the United States had subsidized the new energy enterprises with 4.6 billion U.S. dollars in cash in the first nine months of 2010, including 3 billion U.S. dollars to wind power enterprises," Zhang said.Zhang rejected charges that China's wind power bid prefers Chinese enterprises and has discriminated against foreign companies."China has no discriminatory items on new energy equipment producers," Zhang said.Many foreign wind power equipment producers participated in bidding in China and some won biddings from 2003 to 2005, Zhang said.But chances for them to win have been dropping as they offer prices much higher than the Chinese companies, Zhang said."In contrast to China's open attitude, the United States issued a bill in 2009 to subsidize renewable energies, energy efficiency and smart power grid sectors. Among the subsidies, 25.2 billion U.S. dollars went to the renewable energy sectors," Zhang said.The subsidized U.S. solar power sectors are required to use domestically made equipment in the six-month rule starting Aug. 16 in 2010, Zhang said."How much on earth has China exported new energy products to the United States?" Zhang asked."We have only exported three wind turbines to the United States, or less than 10,000 kw (of generating capacity). The U.S. General Electric Company, however, exported 80,000 kw of wind turbines to China in 2005 and the figure increased to about 340,000 kw in 2009," Zhang said, adding that its total wind turbine exports to China topped 1.13 million kw in the past five years."China's wind power (equipment) market stood at 85 billion yuan in 2009, about 21 percent of which was imported from overseas," Zhang said, adding that it showed China's wind power provided large opportunities for foreign producers to send exports to China.China and the United States should carry out dialogues in new energy sectors, Zhang said.The United States had proposed to communicate through video meetings on Oct. 12 with China on new energy products, but it also had been postponing the dialogue before declaring the probe on Oct. 15."I was very much astonished at it, wondering what the United States wants. Do they want fair trade, a normal dialogue or transparent information? ...Judging from the procedures, I believe (politicians of) the United States are more willing to get votes," Zhang said.In a statement Saturday, China's Ministry of Commerce (MOC) expressed "regret" over the U.S. probe on Chinese clean energy products and said China would defend its interests in the World Trade Organization (WTO) rules."The union's complaint is groundless and irresponsible" as both parties should act in line with the WTO rules, said an official with MOC's Bureau of Fair Trade for Imports and Exports in its statement.The statement said the United States was subsidizing up to 2,300 energy-related programs, including clean-energy projects.
BEIJING, Oct. 27 (Xinhua) -- Chinese Vice Premier Li Keqiang Wednesday called for accelerated public hospital reforms and the establishment of an essential medicine system to provide better health care.Li, who heads the State Council's leading group on health care reforms, made the remarks at a meeting in Beijing.The essential medicine system planned by the reforms will allow citizens to buy affordable, effective and safe medicines, Li said. Grassroots medical institutions should also become a citizen's first choice for visiting a doctor, he added.Chinese Vice Premier Li Keqiang presides over a meeting of the State Council's leading group on health care reforms in Beijing, capital of China, Oct. 27, 2010.Further, the reforms should provide for a rational division of responsibilities among major public hospitals and grassroots clinics, Li said, adding that large hospitals should establish a patient-oriented diagnosis and treatment procedure and provide a better environment.Private capital should also be welcomed to invest and build medical institutions to create a competitive market mechanism, Li said.