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BEIJING, Jan. 11 (Xinhua) -- A Chinese military official said Tuesday that China's military hardware development is not aimed at any other country.Guan Youfei, deputy director of Foreign Affairs Office of the Defense Ministry, made the remarks while responding to a question on the reported test flight of J-20 stealth fighter jet."The development of China's military hardware is not aimed at any other country or any specific target and the timing was a matter of routine working arrangements," said Guan.Weaponry was developed to safeguard China's national sovereignty, security and territorial integrity, and to adapt to the world's military changes, as well as the constant development of new weapons, he said.Guan denied the test flight was timed deliberately to coincide with U.S. Defense Secretary Robert Gates' China visit.China would always take the path of peaceful development, and adhere to the national defense policy, which was defensive in nature, he said.China would not seek hegemony, military expansion, an arms race, nor pose a threat to any country, Guan said.

BEIJING, Jan. 17 (Xinhua) -- The National Committee of the Chinese People's Political Consultative Conference (CPPCC) hosted a tea party here Monday for widows of deceased political advisors and other notable figures, ahead of Spring Festival.Jia Qinglin, chairman of the CPPCC National Committee, attended the tea party, and Wang Gang, vice chairman of the CPPCC National Committee, made a speech.Jia Qinglin (C, Front), chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), attends a tea party held for the widows of deceased political advisors and other notable figures ahead of the Spring Festival in Beijing, capital of China, Jan. 17, 2011.Wang reviewed the outstanding achievements made over the past year in China's modernization and reforms. He said the memory of those old revolutionaries was especially cherished ahead of the traditional holiday.

GUANGZHOU, Dec. 14 (Xinhua) -- Chinese Vice Premier Li Keqiang called for more efforts from local authorities to stabilize prices and improve people's lives.Li made the remarks during a two-day inspection tour from Sunday to southern China's Guangdong Province, where he opened the first Asian Para Games in the provincial capital city of Guangzhou.Li said more efforts should be made to stabilize prices and make the country' s macro control policies more targeted, more flexible and more effective.When touring a vegetable production base in the province's Qingyuan City, Li said local governments should make every effort to ensure the market supply of daily necessities such as principal agricultural products, while keeping prices stable.Chinese Vice Premier Li Keqiang (R, front) talks with athletes taking part in Guangzhou 2010 Asian Para Games in Guangzhou, capital of south China's Guangdong Province, Dec. 13, 2010. Li made a two-day inspection tour to Guangdong Province from Dec. 12 to 13.China's consumer price index, a measure of inflation, jumped to a 28-month high at 5.1 percent in November, boosted mainly by soaring food prices. The November CPI figure well exceeded the Chinese government's full-year CPI target of 3 percent.Local governments should build more public facilities, offer better public service and create a more comfortable living environment for the public during the urban construction and municipal management, Li said.

BEIJING, Nov. 27 (Xinhua) -- Two years of monetary easing policies helped China's economy emerge from the global financial crisis. Now, facing a runaway inflow of hot money, fast loan growth, and escalating inflation, China could become serious about tightening regulations to achieve a "soft landing".Analysts recently said China could see more interest rate hikes in the final month of 2010 in a bid to soak up excessive liquidity and prevent a potential overheating of the economy.Further, the People's Bank of China (PBOC) Deputy Governor Hu Xiaolian said on Oct. 24 that using multiple monetary policy tools to improve liquidity management and guide the money and credit growth back to normal would be the main task for the central bank in the remainder of this year.According to data released by the central bank Friday, in October those funds outstanding for foreign exchange (FOFE) hit 525.1 billion yuan (78.37 billion U.S. dollars), the second highest monthly record in history.That is to say, PBOC issued 519 billion yuan of Renminbi in October to purchase the same amount of fresh inflow of foreign exchanges, which usually enter the nation in the form of trade surplus, foreign direct investment and short-term international speculative funds."The huge inflow of hot money is an important reason behind the sharp rise in FOFE," said Zhang Ming, a researcher with the China Academy of Social Sciences (CASS).He noted, as the European debt crisis ceased, that speculative funds have returned to the emerging markets, notably after the U.S. Federal Reserve announced the second round of its quantitative easing policy."As the massive inflow of foreign exchange increases the domestic monetary base, it has become a major impetus of a broad money supply, which could exacerbate inflation," said Liu Yuhui, also a researcher with CASS.Hefty foreign exchange inflow usually goes together with soaring inflation. China's FOFE hit a record 525.1 billion yuan in April 2008. In the same month, China's Consumer Price Index (CPI), a main gauge of inflation, was up by 8.5 percent, which was unprecedented.Also, this October, the CPI rose by 4.4 percent, the highest amount in 25 months.Boosted by a massive trade surplus, the domestic monetary situation began easing in late 2008, as China's broad money supply exceeded 70 trillion yuan, surpassing the United States to become the world's largest.Li Daokui, a member of the monetary policy committee with the PBOC, said hefty money supplies posed huge risks to the nation' s banking system and, more imminently, would exacerbate the current inflation."The interest rate increase last month sent a signal that more such increases will come in the future," he said.

BEIJING, Dec. 10 (Xinhua) -- CNC World, the English-language channel of Xinhua News Agency's TV arm, CNC, will reach cable television audiences in Africa from Jan. 1, 2011, according to an agreement signed Friday between CNC and South Africa-based MIH Group.The English-language channel of China Xinhua News Network Corporation (CNC) will be available to 4 million African families through MIH's cable network.Xinhua President Li Congjun met Koos Bekker, founder of MIH, before the signing of the agreement. Both sides expressed their hope CNC will be a competitive and influential international media organization.On Thursday, Xinhua signed an agreement with Eutelsat Communications to extend the coverage of CNC to all of Europe, the Middle East and North Africa from Jan. 1, 2011, through Eutelsat Communications' Eurobird, Hotbird and W7 satellites.CNC World broadcasts English news programs 24 hours a day and covers breaking news and major political, economic and cultural news from around the world.Launched in 2009, CNC has developed into a television network with satellite services in the Asia-Pacific, North America, Europe and Africa.It is also expanding its cable television and new media services and provides news programs to about 300 domestic and overseas television organizations.

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