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BEIJING, Dec. 17 (Xinhua) -- Chinese Vice President Xi Jinping Friday stressed efforts to promote outstanding officials at the grassroots who had tirelessly performed official duties honestly and diligently for the people.Xi, also a Standing Committee member of the Political Bureau of the Communist Part of China (CPC) Central Committee, made the remarks while addressing a meeting of officials at CPC organization departments across the country.CPC's organization departments are responsible for work concerning the selection of party cadres.From 2011 to the first half of 2012, the current leadership of the CPC's provincial, municipal, county, and township level committees will be re-elected.Stressing the importance of the re-election, Xi said the year 2011 also marks the 90th anniversary of CPC's founding and the inaugural year for implementation of the 12th Five Year Plan, China's development blueprint covering the coming five years from 2011-2015.He urged party authorities to select and promote only those cadres who have both political integrity and professional competence.Further, Xi called for improved supervision over officials, especially those in key positions including heads of party committees or governments, chiefs of law enforcement agencies, and those in charge of personnel changes, money and materials, and other critical areas.He said he hoped that the re-election would further strengthen the leadership of the CPC in China and help contribute to the country's social and economic development in the coming five years.

BEIJING, Dec.22 (Xinhua) -- Chinese vice premier Li Keqiang on Wednesday called for a better environment for enterprises to boost innovation and transformation of economic development patterns.Li made the remarks while paying a visit to a national independent innovation demonstration zone in Beijing's Zhongguancun District, which is also known as "China's Silicon Valley".Li visited software firms, research institutes, and communication companies, including China's domestic search engine tycoon Baidu and electronic giant Lenovo."Innovation brings vitality, energy and also profits," he said during the visit.Chinese Vice Premier Li Keqiang (C, front) listens to the introduction of a staff member of the search engine giant Baidu as he visits the national innovation demonstration zone at Zhongguancun in Beijing, capital of China, Dec. 21, 2010. Li made an inspection tour to the zone on Tuesday.As a demonstration zone for independent innovation, Zhongguancun is seen as a powerhouse for Beijing's sustained development, which is important for industrial restructuring and upgrading, and promotion of ecological civilization, Li said."Zhongguancun is filled with energy, youthful spirit, and huge potential, well presenting the unlimited creativity of both China and mankind. With its unique edge, the region should be leading the way of economic restructuring," he said.Li also called for a better environment for enterprise development and more favorable policies to boost scientific creativity, attract the best brains, and achieve top-level results.

BEIJING, Nov. 25 (Xinhua) -- Chinese Premier Wen Jiabao's visits to Russia and Tajikistan helped enhance mutual trust, deepen cooperation and promote development, said Chinese Foreign Minister Yang Jiechi late Thursday.From Monday to Thursday, Wen paid official visits to Russia and Tajikistan. He also attended the 15th regular meeting between Chinese and Russian prime ministers in Russia and the ninth Shanghai Cooperation Organization (SCO) prime ministers' meeting in Tajikistan.Yang described the visits as a major diplomatic action of China in the Eurasia region when the world situation is undergoing complex changes.Chinese Premier Wen Jiabao (C, front) attends the prime ministers' meeting of the Shanghai Cooperation Organization (SCO), in Dushanbe, Tajikistan, Nov. 25, 2010.Wen's visits were aimed at strengthening solidarity and mutual trust, deepening mutually beneficial cooperation, and boosting common development, which are shared desires of all member countries of the SCO, he said.During Wen's visits, China signed a total of 50 bilateral and multilateral documents with the related parties.

BEIJING, Dec. 3 (Xinhua) -- During the 11th Five-Year Plan period (2006-2010), China spent 3.26 trillion yuan on social security, an annual increase of 17.6 percent, the Ministry of Finance (MOF) told Xinhua Friday.Wang Jun, vice minister of the MOF, said in the 2006-2010 period, the social security expenditure from the central government stood at 1.4 trillion yuan (210.19 billion U.S. dollars), which was 2.1 times the expenditure in the previous five years.As the improvement of civil welfare is a crucial component of the harmonious society China is pursuing, financial authorities at all levels should continue to raise investments in social security when making the 2011 fiscal budget and plans for the 12th Five-Year Plan starting from 2011, Wang said.

BEIJING, Dec. 25 (Xinhua) -- China 's central bank announced Saturday that it will raise the one-year lending and deposit interest rate for the second time this year, as the government continues its battle against surging prices.The People's Bank of China (PBOC) said in a statement posted on its website that it will hike the benchmark interest rate by 25 basis points beginning Sunday, which raised the one-year lending rate to 5.81 percent and one-year deposit rate to 2.75 percent.The PBOC increased the benchmark lending and deposit rates by 25 basis points on Oct. 20, which was the first increase in nearly three years.The rate hike came after the central bank vice governor, Hu Xiaolian, said Friday that China would bring its overall money supply to a normal level using various policy tools, as the government shifts monetary policy from "moderately loose" to "prudent" to rein in rising inflationary pressures and curb asset bubbles.Photo taken on Nov. 18, 2010 shows a teller counting the Renminbi at a bank in Qionghai City, south China's Hainan Province. China's central bank will raise the one-year lending and deposit interests rate by 25 basis points from Dec. 26, 2010, according to a statement posted on the website of the People's Bank of China Saturday.The country's consumer price index (CPI), a main gauge of inflation, accelerated to a 28-month high in November of 5.1 percent, while new loans reached 7.45 trillion yuan in the first 11 months of this year, compared to the government's full-year target of 7.5 trillion yuan.A recent PBOC survey also showed that the proportion of Chinese citizens satisfied with the current price level had sunk to an 11-year low, and only 17.3 percent of the consumers said they intended to consume more in the future.Rising prices have prompted the government to take measures to rein in the hikes, including boosting supplies and providing financial aid to the needy.Li Daokui, a member of the monetary policy committee with the PBOC, said the rate hike mainly aimed at managing inflationary expectations and reflected the policy shift, as tightening the money supply is the best way to curb inflation.The rate increase came "at the right time", as western countries are celebrating the Christmas holiday, to avoid overreaction from the global markets, Li added.Besides interest rate hikes, China had increased the bank reserve requirement ratio six times in 2010 to 18.5 percent and 19 percent for some large commercial banks."The decision was made in consideration of China's economic condition next year," said Lian Ping, chief economist with the Bank of Communications, the country's fifth largest lender, who described fighting inflation as the central bank's primary task at present.Lian expected inflation to continue to go up in the first quarter next year due to rises both in demand and cost, as well as other influences from the external market.His views were echoed by Zhuang Jian, chief economist with the Asian Development Bank, who also attributed rising inflation to holiday seasons and the extreme winter weather.Observers believe that further rate hikes are to be expected since solving inflation and liquidity pressure at the same time is considered a difficult task."You cannot expect one or two rate rises to have a significant impact on economic indicators," said Zuo Xiaolei, chief economist with Galaxy Securities.However, Lian said China only has room for two or three rate hikes, as higher interest rates would increase risks of "hot money" inflows due to a widening interest margin between China and the United States, which is likely to keep rates low.Li Daokui also attributed the timing of the rate increase to avoiding rapid capital inflows.But currently the factors that decides the direction of capital flows are currency exchange rates and assets prices, Lian added.UBS Securities economist Wang Tao said last month that she expected the central bank to raise the interest rate by 25 basis points before the end of the year and by another 75 basis points in 2011.China's economy grew 9.6 percent year on year in the third quarter this year, slowing from the 10.3 percent increase in the second quarter and 11.9 percent in the first quarter.The country targets about a 3 percent inflation rate in 2010.