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BEIJING, June 19 (Xinhua) -- Total value of China's lottery sales hit 63.16 billion yuan (9.26 billion U.S. dollars) in the first five months this year, up 22.8 percent over the same period last year, the country's Ministry of Finance said Saturday.Welfare lottery sales reached 36.73 billion yuan during the same period, a year-on-year increase of 25.9 percent; sales of sports lotterieshit 26.44 billion yuan, up 18.8 percent.In May alone, sales value reached 14.44 billion yuan, up 18.7 percent year on year, a statement on the Ministry's website said.
BEIJING, Aug. 5 (Xinhua) - China's banking regulator on late Thursday said the hypothetical situations in the risk tests of banks, such as a possible slump in property prices, does neither indicate the regulator's judgment on the property market nor possible changes in government property policies.The China Banking Regulatory Commission (CBRC) reaffirmed in an online statement that it allows banks in regions with soaring property prices to suspend loans for third homes according to their assessment on credit risks.The CBRC also said the down payment and the lending rate for third homes mortgage loans should be raised, but the specific amount should be determined by banks.The declaration was made in response to domestic reports that the CBRC had ordered banks in Beijing, Shanghai, Shenzhen, and Hangzhou to stop issuing loans to third home buyers.According to Bloomberg's Thursday report, the banking regulator had told lenders to include worst-case scenarios of prices dropping 50 to 60 per cent in cities where they have risen excessively, which signaled that the government might be growing more concerned about the health of the real estate market.

BEIJING, July 12 (Xinhua) -- The central parity rate of the yuan, China's currency Renminbi (RMB), stood at 6.7718 per U.S. dollar Monday, a new record high, according to the data released by the China Foreign Exchange Trading System.China's central bank announced on June 19 that it would further the reform of the formation mechanism of the yuan exchange rate to improve its flexibility.
WASHINGTON, June 19 (Xinhua) -- The International Monetary Fund's chief Dominique Strauss-Kahn on Saturday welcomed China's decision to further reform its exchange rate mechanism and said that the move will benefit Chinese consumers.China's announcement is "a very welcomed development," Strauss-Kahn said in a statement.The move "will help increase Chinese household income and provide the incentives necessary to reorient investment toward industries that serve the Chinese consumer," he said.The People's Bank of China, China's central bank, earlier on Saturday announced a decision to proceed further with the reform of the exchange rate regime to enhance the flexibility of the RMB's exchange rate.
BEIJING, Aug. 16 (Xinhua) -- Ye Ling, a college student in Nanjing, got a present delivered to her doorstep Monday morning, a watch for China's Valentine's Day sent by her boyfriend from faraway Gansu Province.Her boyfriend Liu Le, a medical student, sent the gift on his way to Zhouqu in the northwest Gansu which was hit by a catastrophic mudslide. He went there as a volunteer."I ordered the gift online when I was transferring in Lanzhou (capital city of Gansu)," Liu said.Qixi Festival, or Chinese Valentine's Day, falls on Aug. 16 this year according to the lunar calendar.The festival originated from a folk tale that a fairy called Zhi Nu married a mere mortal called Niu Lang and had two children. But the Goddess of Heaven was against their marriage and when they ascended to heaven as two stars, she separated them by the Milky Way.But, according to the story, magpies felt sorry for the lovers and so every year fly up to the heaven to form a bridge, so that the lovers can reunite for a single night.Moved by the story, Chinese began to celebrate love on the date of the couple's annual reunion since the Han Dynasty (202 B.C. to 220 A.D.). In 2006, Qixi was listed as an intangible cultural heritage by China's State Council.Now as many couples are separated by work or study, people have begun looking for their modern "magpie bridge" to unite them in virtual space, enabled by the Internet.Jin Jing, a magazine editor based in Beijing, 26, planted "a tree of love" in her virtual garden, a game application on the social networking site, Kaixin001.com."My husband is working in Shanghai, and I wanted to give him the tree as a Qixi gift. I miss him."Special Qixi gifts have been on Kaixin001 since Aug. 10, and users can plant "lover fruits" or "heart-shaped tree root" in their online gardens.Lu Hua, a graduate student in Beijing, sent his girlfriend, who is pursuing a doctorate degree in Hong Kong, a MSN text to wish her happy Qixi Monday morning.Lu said he and his girlfriend celebrated the day by watching movies and TV series online simultaneously, and then exchanged ideas online by chatting via video.On the micro-blog on sina.com.cn, Qixi has topped today's topic list. Tens of thousands of bloggers expressed their views of scenarios they believed as the most romantic.A blogger identified as Kaka0403 said, "I think talking with my husband through online video is the most romantic thing, because I can see his smile and hear his voice."
来源:资阳报