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BEIJING, Oct. 7 (Xinhua) -- Chinese President Hu Jintao on Wednesday called on police in Beijing to continue efforts in protecting public stability in the capital city, especially in areas near the Tian'anmen Square.     Hu, also general secretary of the Communist Party of China (CPC) Central Committee, made the remarks when meeting with representatives from Beijing's special police forces, traffic police, and armed police who were stationed in the Tian'anmen Square. Chinese President Hu Jintao (front) stands in a subway train as he inspects the management of the subway system in Beijing Oct. 7, 2009. Hu made a tour in the Chinese capital to inspect the city's order in sectors as public security, traffic and tourism during the National Day holidaysThe president noted the police had made outstanding contributions to the success of the country's National Day celebrations, which included a military parade, a grandiose pageant and an evening gala in the Tian'anmen Square, by maintaining public order in Beijing.     The police should further improve their working capabilities as well as their equipment in order to better protect public stability in Beijing and in areas near the Tian'anmen Square, he said.     President Hu also took the city's newly completed subway to the Summer Palace in northwestern Beijing. Chinese President Hu Jintao (front C) listens as he visits a police station in central Beijing Oct. 7, 2009. Hu made a tour in the Chinese capital to inspect the city's order in sectors as public security, traffic and tourism during the National Day holidays.During his 30-minute ride on the subway No. 4, which just started operation in late September, Hu told employees of the subway line to provide the public with fast, safe, convenient and comfortable services, in order to encourage more people to use public transportations.     In the Summer Palace, Hu also greeted the park's employees, visitors as well as volunteers working in the scenic spot.     Liu Qi, secretary of the CPC Beijing Municipal Committee, Ling Jihua, member of the Secretariat of the CPC Central Committee and director of General Office of CPC Central Committee, and China's police chief Meng Jianzhu accompanied Hu in Wednesday's visit.

WASHINGTON, July 29 (Xinhua) -- The cooperation between the United States and China has never been so important as it is now, and the just-concluded U.S.-China Strategic and Economic Dialogue (S&ED) has provided a platform to reinforce common interests, a senior U.S. official has said in an exclusive interview with Xinhua.     "We have broadened the dialogue ... and the S&ED is a new approach towards the U.S.-and-China relations," David Loevinger, Treasury executive secretary and senior coordinator for China Affairs and the U.S.-China Strategic and Economic Dialogue, told Xinhua on Tuesday night.     "There was a common understanding that U.S.-China cooperation and engagement on economic issues have never been so important because of the challenges that we face in the global economy and global financial market right now," said Loevinger.     He said he was struck by the fact that both sides have so much in common in the discussion.     "The U.S. and China have a very similar outlook on the global economy and adopted very similar policy response," said Loevinger, once a Treasury Department's Financial Attache in China. "Both U.S. and China act very quickly and aggressively on global economic crisis."     "The monetary and fiscal stimulus in both countries was among the most aggressive and most far-reaching of any major economy," he also noted.     However, during the dialogue, China also expressed its concern over the security of its heavy investment. So far, China has invested more than 1.5 trillion dollars in the United States government-issued securities.     "We are deeply concerned about the security of our financial assets in the United States," Zhu Guangyao, China's assistant finance minister, told Xinhua.     Wang Qishan, Chinese vice premier and co-chair of the S&ED, also urged the United States to protect China's assets during the dialogue.     Loevinger indicated that the United States understands China's concern and explained to the Chinese side the U.S. monetary and fiscal policies during the two-day dialogue, which ended on Tuesday.     "(Federal Reserve) Chairman Bernanke talked about the Federal Reserve's approach to U.S. monetary policy," Loevinger said, referring to an op-ed Bernanke published last week in the Wall Street Journal, in which he talked about tightening monetary policy to prevent the emergence of an inflation once economic recovery is assured.     "Bernanke discussed many of these issues with China," he added. 

BEIJING, Aug. 24 (Xinhua) -- The Communist Party of China (CPC)and the government are to deepen the educational campaign on national unity, Liu Yunshan, head of the Publicity Department of the CPC Central Committee, said Monday.     At a televised conference held by the Publicity Department of the CPC Central Committee, the Ministry of Education, and the State Ethnic Affairs Commission in Beijing, Liu said strengthening education on national unity was necessary "for safeguarding national unification and opposing separatism", as well as "for the great rejuvenation of the Chinese nation." Liu Yunshan, head of the Publicity Department of the Communist Party of China (CPC) Central Committee, member of the CPC Central Committee Political Bureau and the CPC Central Committee Secretariat, addresses the televised conference held by the Publicity Department of the CPC Central Committee, the Ministry of Education, and the State Ethnic Affairs Commission to deepen the educational campaign on national unity, in Beijing, China, on Aug. 24, 2009    Liu called for the educational campaign to be combined with the celebrations for the 60th anniversary of the founding of the People's Republic of China.     The campaign should highlight the fact that national unity serves the supreme interests of all Chinese people from different ethnic groups, he said.     China's regional autonomy system was one of the country's basic political systems that was appropriate for the country's realities and could resolve ethnic problems, said Liu, also a member of the CPC Central Committee Political Bureau.     The history of China was a history of unity and progress for the Chinese nation, while the past 60 years had witnessed great achievements and changes in ethnic regions, he said.

BEIJING, June 29 -- Chinese listed banks, which have lent record high amounts in the first half, are likely to report lower profit growth in the period due to narrowing interest spreads and higher provisioning requirements, industry analysts said.     "We are expecting a 7 to 8 percent year-on-year profit fall among the 14 listed banks in the first half-year," said Wang Liwen, banking analyst with Shanghai-based Guotai Junan Securities Co, citing stretched interest spreads as the major reason.     In 2008, the net interest rate spread for banks ranged from 2.45 percentage points to 3.62 percentage points, with the average figure hovering around 3 percentage points. This year, as the government cut interest rates several times to spur economic growth amid the global financial crisis, the net interest rate spread is expected to be lower, at around 2.36 percentage points. Clients walk into the Suzhou branch of Bank of Ningbo in Suzhou, east China's Jiangsu Province, March 27, 2009.The bank, the first listed lender to file a mid-term report, said its first-half profits would drop nearly 5 percent from a year earlier    "A drop of 0.7 percentage points in the average net interest rate spread could mean some 7-billion-yuan decrease in the interest yield for each trillion yuan of new loans," said Wang.     Chinese banks extended a record 7.37 trillion yuan of new loans in the first half, triple the amount offered in the same period a year earlier and 47 percent more than the government's full-year target, after lending restrictions were eased in November to stem an economic slowdown.     However, most securities firms' reports said the country's 14 listed banks might post an average profit decrease ranging from 6 percent to 10 percent year-on-year in the first six months.     According to Wind Info, a financial data provider, the 14 listed banks reported a net profit of 232.7 billion yuan in the first half of 2008, an increase of 73 percent year-on-year. But this year, the net profit could probably stand at 210 billion yuan, down 10 percent on a yearly basis.     Bank of Ningbo, for instance, on July 14 announced no more than a 5-percent decease in net profit in its pre-released semi-annual report to the Shenzhen bourse. It is the first Chinese listed bank to report a profit fall in the first half.     Wang Yifeng, an analyst at TX Investment Consulting, said the improved provision coverage ratio requirement might also cripple profits at listed banks.     To prevent potential risks arising from the lending spree, China Banking Regulatory Commission raised the minimum provision coverage ratio requirement to 150 percent from 130 percent earlier this year.     "The increase will mainly eat into the profits of several large State-controlled banks as they are still not up to the new requirements," said Wang.     But as the squeezed spreads bottom out in the second half, most analysts said listed banks would still post positive growth for the whole year.     "Thanks to the widened interest rate spreads and lower loan cost in the following months, we are expecting a 10-percent growth in profits overall this year," said Liu Yinghua, an analyst with Shenzhen-based Ping An Securities.

BEIJING, Aug. 12 (Xinhua) -- China's top economic planner, the National Development and Reform Commission, unveiled Wednesday a draft regulation on monopoly prices.     The regulation applies to cases of monopoly prices both inside and outside the country, when monopoly prices outside the country impact the domestic market, according to the regulation posted on the commission's Web site.     Other than deals reached among more than two parties for the purpose of monopolizing prices, power abuse of government agencies to eliminate or limit competition is also regarded as violation of the regulation.     Those who violate the regulation would be punished according to stipulations in the country's anti-monopoly law, according to the commission.     Individual retailers or producers may face confiscation of illegal earnings and a fine of up to 10 percent of last year's sales, while industry associations are subject to a fine of no more than 500,000 yuan (73,529.4 U.S. dollars) or could be dismissed as an association.     Government agencies that violate the regulation would be ordered by their superiors to correct their actions, and officials held responsible would be disciplined according to relevant laws.     The commission said the regulation was aimed to prevent monopoly prices and to endorse fair competition so as to safeguard the interests of consumers and the public.     The commission is soliciting public opinion for the regulation until Sept. 6