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BEIJING, March 6 (Xinhua) -- A 17 percent year-on-year increase in China's broad money supply, and a target of 7.5 trillion yuan (1.1 billion U.S. dollars) for this year, indicated a relatively easy monetary policy, said Su Ning, deputy governor of the People's Bank of China, the country's central bank.Speaking on the sidelines of the ongoing annual session of the top legislature, the National People's Congress (NPC), Su said the 17 percent increase in the nation's broad money supply was larger than the combined increase of targeted GDP and CPI growth, which suggested an "easy" monetary policy."If M2 (the broad measure of money supply) growth is 2 to 3 percentage points higher than the combined growth of GDP and CPI, the monetary policy could be seen as easy," said Su.Chinese Premier Wen Jiabao said Friday, in the government work report submitted to the NPC, that China targeted an approximate 3 percent rise in consumer prices and 8 percent GDP growth this year.Su further believed the 17 percent increase in the broad money supply would be able to support the ongoing economic recovery throughout the country.China's financial institutions lent a record 9.6 trillion yuan in new yuan-denominated loans last year, almost double that of the previous year, to spur the economy amid the global downturn, but it was accompanied by soaring property prices and rising expectations of possible inflation.Su said the 7.5 trillion yuan in new lending this year should speed up completion of projects under construction, rather than support new projects.

BEIJING, March 19 (Xinhua) -- China's Vice Minister of Culture Zhao Shaohua and Australian Ambassador to China Geoff Raby Friday signed a memorandum of understanding (MOU) on reciprocal years of culture (2010-2012) between China and Australia.The Year of Australian Culture in China, the opening ceremony of which is scheduled for June 8 in the National Center for the Performing Arts, lasts from June 2010 to June 2011.It will be a showcase of cooperation between China and Australia in the fields of art, music, performance, literature, film and other media.It will include an Australian aboriginal art exhibition held in the National Art Museum of China and art performances jointly produced by Chinese and Australian artists.As the first step, the National Museum of Australia and the National Art Museum of China Monday signed a memorandum of understanding to put arrangements in place for reciprocal touring exhibitions in China and Australia from 2010 to 2012 and facilitate future cultural exchanges.According to a joint statement released during the visit of China's Vice Premier Li Keqiang to Australia last year, the Year of Australian Culture in China is scheduled from 2010 to 2011, and the Year of Chinese Culture in Australia from 2011 to 2012.China's Ministry of Culture is actively preparing for the Year of Chinese Culture in Australia.

SHANGHAI, Feb. 20 (Xinhua) -- Two Chinese educational institutions blamed for cyber attacks on Google and other firms said Saturday the allegations are unfounded.The New York Times reported Thursday the cyber attacks on Google and other American firms have been traced to Shanghai Jiaotong University (SJTU) and Lanxiang Vocational School (Lanxiang) in east China's Shandong Province, which the report alleged has ties to the Chinese military."We were shocked and indignant to hear these baseless allegations which may harm the university's reputation," said a SJTU spokesperson.The spokesperson said the allegation linking the attacks with SJTU students or teachers does not hold water."The report of the New York Times was based simply on an IP address. Given the highly developed network technology today, such a report is neither objective nor balanced," the spokesperson said.SJTU will fully cooperate with investigators if Google seeks judicial remedies, the spokesperson said.Li Zixiang, party chief at Lanxiang, another alleged source of the attacks, said, "Investigation in the staff found no trace that the attacks originated from our school."Lanxiang students are still on their winter vacation, Li added.He said Lanxiang has no relations with the military, adding that school authorities do not have military backing.He also dismissed the report's suggestion of involvement of a "specific computer science class" taught by a Ukrainian professor."There is no Ukrainian teacher in the school and we have never employed any foreign staff," Li confirmed."The report was unfounded. Please show the evidence," he said.Lanxiang, founded in 1984, has about 20,000 students learning vocational skills such as cooking, auto repair and hairdressing.The computer science class offers basic courses about Photoshop, 3D drawing and Word -- not software engineering."It was not until 2006 that our graduates began to join the army. So far, 38 students have been recruited by the military for their talent in auto repair, cooking and electric welding," said Zhou Hui, director of the school's general office, who stressed it is natural for citizens to join the army at a proper age.Google said on Jan. 12 it might pull out of the Chinese market, citing disagreement with government policies and unidentified attacks targeting Google's services in China.

SHANGHAI, Jan. 17 (Xinhua) -- China's economic hub Shanghai in December posted the first year-on-year growth in both imports and exports in 14 months, indicating further recovery from the economic downturn, local customs said Sunday.     Last month, Shanghai's foreign trade stood at 30.7 billion U.S. dollars, a growth of 35.3 percent over the same month of 2008. This was the second year-on-year growth of foreign trade in two consecutive months in the city, the sources said.     Exports in particular, which stood at 15.21 billion U.S. dollars, reported the first year-on-year growth of 23.5 percent since November 2008, while imports surged 49.5 percent, up from the 26.7 percent growth rate in the previous month.     Last month saw the city's trade with the European Union, the United States and Japan up 15.4 percent, 36.8 percent and 19.8 percent, respectively.     However, Shanghai's foreign trade in total last year went down 13.8 percent from 2008 to 277.73 billion U.S. dollars due to the economic crisis effect. The total included 141.91 billion dollars in exports, down 16.2 percent, and 135.82 billion dollars in imports, down 11.1 percent.

CHENGDU, Jan. 18 (Xinhua) -- Still recovering from the pain left by a catastrophic earthquake in 2008, people in southwest China's Sichuan Province now act swiftly to support quake-hit Haiti through donation and a candlelight vigil.About 160,000 yuan (23,400 U.S. dollars) have been donated throughout the province since Sichuan's charity groups called for emergent aid to Haiti that was ravaged by a powerful quake a week ago.  Students of the Xiang'e Primary School pray as they hold candles for Haiti children who are suffering from earthquake in Dujiangyan, southwest China's Sichuan Province, which was hit by strong earthquake last May, on Jan. 18, 2010. "I have been hoping to do something for the Haiti people as soon as I learned that the country was hit by a quake," said a 76-year-old lady in Chengdu, capital of Sichuan.The lady, surnamed Liu, donated 1,000 yuan (147 U.S. dollars), her monthly retirement pension, at the Chengdu Charity Federation on Monday."I hope all citizens in the city can do their bit to help the Haiti people," she added.More than 50,000 people were believed to have died in the 7.3-magnitude quake that struck the island country on Jan. 12. Haitian officials said it was the strongest earthquake to hit the country in more than 200 years.Eight Chinese peacekeeping police officers also died in the quake."We received the first sum of money donated for Haiti on Jan. 14, and since then, more and more citizens have come here for donations," said Zeng Zhiqian, of the Chengdu Charity Federation."Starting today, we prolong our working time by two hours. We will also work on weekends to receive donations," he said.In Dujiangyan City, about 200 students and teachers at the Xiang'e Primary School held a candlelight vigil Monday evening, praying for the children in Haiti.Sichuan is now recovering from the 8.0-magnitude quake on May 12, 2008, which left about 87,000 people dead or missing."The Haiti quake reminds me of the Wenchuan (in Sichuan) quake. We Sichuan people are beneficiaries of domestic and international assistance. Now it's time for us to give a hand to Haiti people," said Tan Yunjun, a staff of the Dongfang Turbine Co. Ltd. in Sichuan's Deyang City.The company suffered severe losses in the Wenchuan quake, with building collapses and huge casualties.The company held a donation ceremony on Monday, collecting more than 80,000 yuan from the staff in less than one hour. Zhang Zhiying, general manager of the company, said the company would contribute another 50,000 yuan."The Chinese nation has a fine tradition of being indebted to others, and every staff in our company is willing to show their love for Haiti people," said staff Chen Xin.

来源：资阳报