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BEIJING, Jan. 18 (Xinhua) -- China will continue rare earth export and regulate export quotas according to World Trade Organization rules, said the Ministry of Commerce on Tuesday.China announced its first batch of 2011 rare earth export quotas at 14,446 tonnes at the end of 2010.The full-year quotas are under discussion and will be announced timely, said Yao Jian, a spokesman with the ministry, at a news briefing here.The country exported 35,000 tonnes of rare earth from January to November in 2010, up 14.5 percent from a year earlier. Exports to Japan, the European Union and the United States accounted for 86 percent of the total exports, said Yao.He said that it is normal that rare earth prices fluctuate with demand and supply and China acted responsibly last year to ensure basic demand for the minerals was met.China has noticed that other countries, such as the U.S. and Australia, have increased exploitation of rare earth in their own countries. "This will effectively safeguard the global supply," said Yao.With around 36 percent of the world's rare earth reserves, China supplies 90 percent of global demand.

BEIJING, Dec. 12 (Xinhua) - A senior Communist Party of China (CPC) official briefed the non-Communist Party elites about a top-level CPC economic meeting that ended on Sunday.Du Qinglin, head of the United Front Work Department of the CPC Central Committee, briefed the leaders of the non-Communist parties and the All-China Federation of Industry and Commerce, as well as other public figures without party affiliations, on the guiding principles of the three-day Central Economic Work Conference.The CPC pledged to enhance and improve macro-economic regulation to ensure stable and healthy economic development next year at the annual meeting that set out major economic policy targets for 2011.Du also passed on the speeches of Chinese President Hu Jintao and Premier Wen Jiabao at the economic meeting to the non-Communist elites.Du said 2011 is the first year of the 12th five-year program and the non-Communist parties should fully recognize its significance.He urged them to study and implement the guiding principles of the economic conference and to actively make political recommendations to ensure a good start of the 12th five-year program.The CPC normally holds such a conference with non-Communist elites after a top-level meeting of its own.

BEIJING, Dec. 29 (Xinhua) -- China's gross domestic product (GDP) is predicted to grow by around 9.5 percent in 2011, 0.5 percentage points lower compared to the growth rate expected for this year, said a report issued Wednesday by the Bank of China (BOC).The report by the BOC, China's third largest lender, was based on the bank's projections of weak overseas demand, tighter monetary policy, and the government's planned economic restructuring for 2011, the first year of China's 12th five-year plan.The Chinese government announced in early December that it will switch its monetary policy stance from relatively loose to prudent next year to tackle rising inflation and keep economic growth at a sustainable pace.The report also said government policies this year to curb soaring property prices in some major cities, and the country's efforts to improve energy efficiency had slowed the economy with the GDP dropping to 9.6 percent in the third quarter, down from the second quarter's 10.3 percent and 11.9 percent in the first quarter.The report also forecast inflation to rise 4 percent in 2011, compared to the 3.3-percent rise expected for 2010. It said that in the second half of the year, the producer price index (PPI) for China's industrial products had kept rising along with the consumer price index (CPI), adding more inflationary pressure for the future.The Chinese government set a 3-percent target for inflation this year, but looks unachieveable after the index rose 3.2 percent during the first 11 months. Pushed up mainly by rising food prices, the index soared 5.1 percent in November to a 28-month high.The report also predicted new lending next year would be 7 trillion yuan (1.06 trillion U.S. dollars), just slightly down from the 7.5 trillion yuan target set by the government for 2010.Growth rates of retail sales of consumer goods and industrial value-added output would see a slight drop from year 2010, while imports would likely grow by 18 percent, 3 percentage points higher than exports.As inflation triggers wider public concerns, expectations for more hikes in interest rates are strengthening. The report forecast the People's Bank of China, the central bank, would likely hike rates for up to three times next year, mostly during the first half of the year.The central bank on Sunday raised the benchmark one-year lending and deposit rates by 25 basis points for the second time in just over two months. It had also set higher commercial lenders' reserve requirement ratio six times this year in a move to tighten liquidity amid climbing inflation.

XI'AN, Nov. 19 (Xinhua) -- A 100-member team of Chinese soldiers left here Friday for the Democratic Republic of Congo (DRC) for an eight-month UN peace-keeping operation there. They formed the first batch of China's 12th peace-keeping team to DRC since 2003. They will be joined by a second batch of 118 soldiers who are scheduled to depart on Nov. 28.The 12th team comprises military engineers and medical staff. United Nations (UN) peacekeepers of China attend a farewell ceremony in Xi'an, capital of northwest China's Shaanxi Province, Nov. 19, 2010. Part of the 12th group of Chinese UN peacekeeprs for The Democratic Republic of Congo, including 80 engineers and 20 medicals, set off on their 8-month-long UN peacekeeping mission on Friday.China's 11th peace-keeping team to DRC, made up of 220 soldiers in total, left Lanzhou, capital of northwestern Gansu province in March.

BEIJING, Jan. 3 (Xinhua) -- A survey conducted by an information center affiliated to Beijing's commerce bureau revealed that retail sales jumped at more than 3,500 stores in the Chinese capital during the 3-day New Year holiday ending Monday, nearly reaching 2.5 billion yuan (about 378 million U.S. dollars), up 17.1 percent from the same period last year.The Beijing Commercial Information Consultation Center surveyed 3,568 stores in Beijing regarding their sales volumes during the past three days, finding that various holiday promotions had brought notable results, pushing up sales to over 2.49 billion yuan.The survey results also showed that consumers in Beijing were passionate about buying gold, since gold prices have kept rising during the past year. Consumers buy gold for investment purposes or to preserve their personal wealth amid the rising Consumer Price Index.Sales volumes at the Caishikou Department Store, which is famous for its gold products, surged 64.1 percent during this holiday from one year earlier.Besides gold, consumers also showed great interest in rabbit-figured toys and commodities with rabbit pictures on them, as 2011 is the year of rabbit in traditional Chinese culture.