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BEIJING, June 10 (Xinhua) -- The People's Bank of China (PBOC), the central bank, injected 166 billion yuan (24.3 billion U.S. dollars) into the money market this week, easing tight money supply conditions with bill issuance and repurchase agreements.In its regular open market operations Thursday, the central bank auctioned 10 billion yuan (1.46 billion U.S. dollars) of three-month bills at a yield of 1.5704 percent, up 4.04 basis points from June 3.On Thursday, the central bank also conducted repurchase agreement operations -- the first time in almost a month -- by absorbing 10 billion yuan through 91-day repurchase agreements. The yield on Thursday's 91-day repurchase agreement rose to 1.57 percent, up 16 basis points from its previous repurchase operation.Thursday's operations together with Tuesday's 25 billion yuan worth of one-year bill issuance brought the weekly total raised to 45 billion yuan (6.6 billion U.S. dollars). But 211 billion yuan (30.9 billion U.S. dollars) of bills matured this week, meaning a net weekly injection of cash.The central bank's net injection this week was the third straight week of net injection. It pumped 159 billion yuan (23.3 billion U.S. dollars) into the market in the previous two weeks.Since mid-May, China's banks have faced a short-term money squeeze as the PBOC introduced a series of tightening measures to cool the booming property sector.Zhao Qingming, a senior research fellow at China Construction Bank, the country's second largest lender, said the yield changes on central bank bills reflects tight money supply in the short-term.Rising bill yields usually reflect lenders' reduced demand for safety or their cash hoarding.For the whole week, yields on central-bank short-term debt instruments rose compared to the previous week.The yield on one-year bills jumped 8.32 basis points to 2.0929 percent while the yield on three-month bills climbed 4.04 basis points to 1.5704 percent. The yield on 91-day repurchase agreements added 16 basis points to hit 1.57 percent.

BEIJING, Aug. 3 (Xinhua) -- China kicked off a five-day military exercise in two provinces on Tuesday in which 12,000 military personnel and seven types of military aircraft are taking part.The military exercise, code-named "Vanguard-2010", was carried out simultaneously in seven cities across the provinces of Henan and Shandong at 8:21 a.m. Tuesday and featured simulated emergency evacuations and planning for combat.The drill, consisting of two phases from Tuesday to Saturday, will feature emergency evacuations, war planning, reconnaissance, early warning activities, ground-to-air attacks and evacuations of command posts during its first phase ending Thursday.Its second phase consists of testing Chinese air defense troops' ability in fighting air units in a "complicated electromagnetic environment."At 8:21 a.m. on Tuesday, air defense forces from the People's Liberation Army (PLA) and paramilitary forces in the seven cities including Qingdao, Jinan, Zhengzhou and Kaifeng began evacuation plans and successfully moved to designated areas, screens at the drill's commanding headquarter showed.By about 10:10, an air defense brigade from the PLA Jinan Military Command led by its commander, Zhao Geng, had already traveled 100 km and begun to formulate war plans.

LHASA, June 9 (Xinhua) - The 11th Panchen Lama urged students in Lhasa to study hard on Wednesday during a roundtable held at the University of Tibet, an initiative the 20-year-old Tibetan Buddhism leader proposed during his visit to Tibet."Life is too short. So you should seize every opportunity to study, to learn knowledge, and then you will succeed," the bespectacled, maroon-robed Panchen Lama said while speaking before nearly one hundred students in the university's assembly hall. The 11th Panchen Lama (C) is welcomed by Professor Ceyang (L) of Tibet University in Lhasa, capital of southwest China's Tibet Autonomous Region, June 9, 2010. The 11th Panchen Lama visited Tibet University and Tibet College of Tibetan Medicine in Lhasa on Wednesday."A man without knowledge is a man without soul," he said. "The more knowledge you acquire, the more you will know there is still a lot to learn."The 11th Panchen Lama, who was enthroned as the reincarnation of the 10th Panchen Lama in 1995, said he has been studying hard to learn Buddhism and other subjects since he was six.

ASHGABAD, June 18 (Xinhua) -- He Guoqiang, member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee met here on Friday with Akja Nurberdiyeva, chairperson of the Mejlis, or the Turkmen parliament.He, also secretary of the CPC's Central Commission for Discipline Inspection, said parliamentary exchanges constitute an important component of the bilateral ties and play a significant role in promoting cooperation in all areas and friendship between the two peoples.He said China would like to promote parliamentary cooperation with Turkmanistan to make new contribution to the bilateral ties.Nurberdiyeva said the main task of the Turkmen parliament is to ensure the political, economic and social development of the country, and it will promote exchanges with the Chinese National People's Congress and learn from each other so as to achieve common progress.He Guoqiang, member of the Standing Committee of the Political Bureau of the CPC Central Committee, meets with with Akja Nurberdiyeva, chairperson of the Mejlis, or the Turkmen parliament in Ashgabad, June 18, 2010. Also on Friday, He met with the first secretary of the political committee of the Turkmen democratic party Kasymguly Babayev. He made three-point proposal on further party-to-party exchanges -- to maintain the exchanges of the high-level visits to promote mutual understanding and trust; to exchange experience on the governance of the party and country to achieve common prosperity; to promote the contacts between the young politicians.Babayev said the Turkmen democratic party and the CPC should enhance cooperation to contribute to the development of Turkmenistan-China ties. Turkmenistan is the last leg of He's five- nation tour. He already visited Italy, Iceland, Norway and Lithuania. He will conclude the visit to Turkmanistan and return to Beijing on Saturday.

CHENGDU, Aug. 22 (Xinhua) -- Rescuers Sunday reopened a key road leading to a mudslide-hit county in southwest China's Sichuan Province, which local officials called an important step in speeding up relief and rescue efforts.Traffic resumed on National Highway 213, linking the provincial capital Chengdu to Wenchuan County, on Sunday afternoon after emergency crews worked for nine days to clear the mudslide sludge and debris on the highway.On August 13, mudslides struck parts of Wenchuan, cutting a section of the highway after torrential downpours pelted the Tibetan and Qiang Autonomous Prefecture of Aba.At least 15 people have been killed and 31 remain missing, according to the latest available government figures.Wenchuan was the epicenter of the 8.0-magnitude earthquake that jolted Sichuan and neighboring provinces in May 2008. The quake left some 87,000 people dead or missing.Heavy precipitation is particularly dangerous in terrains once shaken by earthquakes, which then become more vulnerable to geological disasters, said Hao Liping, the head of the provincial meteorological bureau.

来源：资阳报