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BEIJING, Dec. 29 (Xinhua) - Offenders of China's new regulations on waste electronic equipment could face fines up to 500,000 yuan (75,450 U.S. dollar), after it becomes effective on Saturday.The regulations could be regarded as the country's latest effort to promote comprehensive utilization of resources and environmentally friendly economy, Wan Bentai, chief engineer of the Ministry of Environmental Protection, said Tuesday.The ministry has introduced a set of supplementary guidelines for the implementation, which, for example, specify rules and procedures regarding issues including recyclers' qualification and governmental subsidies to e-waste recycling initiatives, Wan said.Recyclers which engage in e-waste recycling business without certificates could face fines ranging from 50,000 yuan to 500,000 yuan, according to the regulation.Wan estimated that nearly 30 million units of televisions, refrigerators, washing machines, air conditioners and computers were discarded in China each year.Those e-wastes, sometimes simply burned or soaked in strong acid, had severely polluted the environment in many locations in the past, said Wan.He believed that the new regulation made "remarkable progress" in environmental protection by extending manufacturers' responsibility into the post-use recycling of their products.

BEIJING, Jan. 14 (Xinhuanet) --The country's GDP growth rate will slow to 8.7 percent this year from 10 percent in 2010, and a key challenge in 2011 will be to ensure that anti-inflationary measures do not "significantly" reduce growth, the World Bank said on Thursday.The bank estimates that global GDP, which expanded by 3.9 percent in 2010, will slow to 3.3 percent in 2011, before reaching 3.6 percent in 2012. Developing countries will continue to outstrip growth in developed countries, it said.Amid credit-tightening measures to combat inflation and surging property prices, China's growth is expected to ease to 8.4 percent in 2012, the bank said.Despite the slowdown, China will spearhead Asia's economic expansion. According to the bank's forecast, the overall growth rate for developing Asian economies will ease to 8 percent from last year's 9.3 percent as governments rein in credit to cool inflationary pressures."For China, a big concern is how to ensure a soft landing of the economy without significantly reducing growth when the government takes measures to curb inflation," said Hans Timmer, director of development prospects at the World Bank.The consumer price index (CPI), a main gauge of inflation, accelerated to a 28-month high of 5.1 percent in November from a year earlier and most economists predict that it will be in the region of 4 to 4.5 percent this year.In a bid to combat inflation, the central bank hiked interest rates by 25 basis points twice in the last quarter of 2010.Ardo Hansson, lead economist of the World Bank's Beijing Office, said the country needs more flexibility in its foreign exchange policy to fight inflation.China's central bank set the yuan's mid-point beyond 6.60 against the US dollar for the first time on Thursday, breaching an important barrier just days before President Hu Jintao's visit to the United States next week.The People's Bank of China set the mid-point, from which the currency can rise or fall 0.5 percent on a given day, for daily trading against the dollar at 6.5997, the first time it had broken through 6.60.The yuan has risen around 3.6 percent since June when authorities dropped a peg with the US dollar that had been set to support the economy during the global financial crisis.Some US politicians have been pressing China to allow the currency to rise at a faster pace to help narrow a trade gap.US Treasury Secretary Timothy Geithner repeated his call on Wednesday for a faster appreciation of the yuan and added that such a move could lead to an easing of restrictions on US technology exports to China, with both civilian and military use."The recent quickened pace of yuan appreciation could be considered as a gesture by the Chinese government before Hu's visit to the US," said Dong Xian'an, chief macroeconomic analyst with Industrial Securities.According to Dong, the yuan will appreciate by 5 to 6.6 percent this year, "a moderate pace".Wang Tao, chief China economist at UBS Securities, said they expected the currency to grow by 5 percent in 2011.The yuan can now be increasingly used in cross-border transactions, in a bid to reduce dependence on the US dollar after Premier Wen Jiabao said in March that he was "worried" about holdings of dollar-denominated assets.The central bank is allowing banks and enterprises in areas that carry yuan-settled trade to use yuan-denominated investment overseas directly, it said in a statement on its website on Thursday, describing the initiative as a pilot program.According to data from HSBC, the average monthly volume of yuan-settled trade surged from 0.6 billion yuan ( million) in 2009 to 68 billion yuan between June and November 2010. And one-third of China's cross-border trade may be settled in yuan by 2016, as the government pushes for the internationalization of the currency.

YINCHUAN, Nov. 18 (Xinhua) -- Millions of Chinese Muslims across the country celebrated the tradition of Corban on Tuesday and Wednesday.In northwest China's Ningxia Hui Autonomous Region, 76-year-old Liu Wenming attended a religious ceremony at the Nanguan Mosque in the regional capital, Yinchuan, Wednesday morning, along with some 10,000 Muslims."My son, daughter and grandchildren will come from different parts of Ningxia to have a family lunch with me. Then we will visit other relatives and friends," said Liu.In Qinghai Province, also in the northwest, many Muslims began to gather at the Dongguan Mosque in the provincial capital Xining before 8 a.m. Tuesday. By 9 a.m., roads outside the mosque were packed with pious Muslims. Muslims attend a celebration feast held in a street in Nanning, capital of southwest China's Guangxi Zhuang Autonomous Region, to mark Corban Festival, also known as Eid al-adha, Nov. 17, 2010. Chinese muslims celebrate Eid al-Adha, which falls on the tenth day of the twelfth month on the Islamic calendar, to mark the end of the haj and commemorate Prophet Abraham's willingness to sacrifice his son Ismail on God's command.Ten ethnic groups in China, including Hui, Uygur, Dongxiang and Bao'an, celebrate the annual festival -- but they celebrate it on different days. Some celebrated it on Tuesday while others celebrated it Wednesday. The timing depends on each ethic group's tradition.The Corban Festival, also known as Id al-Gurban, is a major Islamic festival that is meant to demonstrate believers' faith and obedience to Allah. People slaughter livestock and divide the animal into three parts.One part is to be eaten by the family. Another part is for relatives and friends. The third part is for charity.Migrant workers from northwest China's Xinjiang Uygur Autonomous Region returned home this month in time for the festival.Eighty-seven migrant workers from Shule County returned home in early November to join their families in celebrating the joyous occasion.Additionally, the regional government organized a reception on Tuesday afternoon, during which Zhang Chunxian, secretary of the regional committee of the Communist Party of China, met representatives from all walks of life.At the end of his speech, Zhang greeted the Muslims while speaking in the Uygur language, which received warm applause.China has more than 20 million Muslims. They mainly live in Xinjiang, Ningxia, Gansu, Qinghai, Yunnan, Shaanxi, Inner Mongolia and Henan.

BEIJING, Dec. 27 (Xinhua) -- More people enduring poor living conditions have been covered by China's social security system, according to the country's Ministry of Civil Affairs.Various figures disclosed during a national working conference held Monday by the Ministry in Beijing showed that as of November, about 75 million people had been provided with minimum living allowances, an increase of 5.4 percent from the same period of last year.In terms of medical services, 8.58 billion yuan (about 1.3 billion U.S. dollar) were spent in to aid nearly 60 million people in need in the first nine months of the year, up 28 percent than the same period last year.In addition, over one million vagrants and beggars with no means of support in cities had been receiving help as of December 2010.Also, the Ministry has set up aid centers for homeless juveniles in 40 counties and cities with 30 million yuan of the proceeds from the welfare lottery.

BEIJING, Dec. 9 (Xinhua) -- Top political advisor Jia Qinglin called for closer financial ties between the Chinese mainland and Taiwan while meeting with Fredrick Chien, the head of a Taiwan finance delegation here on Thursday.Jia, Chairman of the National Committee of the Chinese People' s Political Consultative Conference (CPPCC), said that financial cooperation was crucial for the cross-Straits economic bond. With the signing of the Economic Cooperation Framework Agreement (ECFA), financial cooperation had made substantial progress and entered a new stage.Jia said closer financial cooperation across the Strait would help financial industries on both sides to fend off international risks and benefit the economic growth of both sides.China's top political advisor Jia Qinglin (R), who is also a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, shakes hands with Fredrick Chien, head of a Taiwan financial delegation to the mainland for trade talks, at the Great Hall of the People in Beijing, capital of China, Dec. 9, 2010. Fredrick Chien, also the president of Cathay Charity Foundation, agreed to cooperate and to seize the opportunity to create a win-win situation.The ECFA, taking effect on Sept.. 12, is widely seen as a landmark deal to enhance cross-Strait economic cooperation between the Chinese mainland and Taiwan.Under the agreement, the two sides pledged to gradually reduce and remove trade and investment barriers, and continue discussing agreements for commodities trading, and trade in services and investments.