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BEIJING, Oct. 31 (Xinhua) -- China's decision to cut interest rates on Thursday is part of its flexible monetary policy to cope with the world financial crisis and boost domestic economy, a central bank spokesman said on Friday.     Li Chao, spokesman of the People's Bank of China (PBOC) explained the government's cut in interest rates for the second time in one month.     On Wednesday, the PBOC announced to cut interest rates by 0.27 percentage points as of Oct. 30 to spur economic growth. The benchmark one-year deposit rate dropped to 3.60 percent from 3.87percent, while the benchmark one-year lending rate fall from 6.93 percent to 6.66 percent.     The previous cut was on Oct. 8, when the PBOC announced a lowering of deposit and lending rates by 0.27 percentage points and decided to cut the reserve-requirement ratio by 0.5 percentage points from Oct. 15.     Li said the move was in response to a spreading and worsening world financial crisis. "The severe crisis was beyond most people's expectations."     He said: "China's economy relies highly on external markets. It is very necessary for the country to adjust economic policy, including monetary policy, in a timely and flexible manner to reduce the negative impact to a minimum."     "Recently, China's exports have weakened as a result of weak world demand. Domestic export-oriented enterprises, especially those coastal based companies, face difficulties," he added.     The country's export value in the first three quarters was 1.07trillion dollars -- up 22.3 percent -- the growth rate was 4.8 percentage points lower, official figure showed.     "Meanwhile, the nation's inflation pressure has been eased," he said, adding the latest interest rate cut aims at maintaining the energy of China's economic growth.     China's gross domestic product (GDP) grew to 20.16 trillion yuan (2.96 trillion U.S. dollars) in the first three quarters of this year, up 9.9 percent from the same period of last year. The growth rate was 2.3 percentage points lower than the same period last year.     Consumer price index (CPI), the main gauge of inflation, rose 4.6 percent in September over the same period last year, off from the 12-year high of 8.7 percent in February.     When asked the reason why the government only reduced interest rates and left the reserve-requirement ratio unchanged in the latest move, Li said this is because liquidity of the country's bank is adequate.     Li said to cope with the international financial crisis and maintain sound and relatively fast national economic growth, the central bank has removed mandatory restriction on the commercial banks' loan plan.     He said that China has confidence that it can resist the world financial crisis, as the country has great potential in expanding its domestic demand, and the financial system is stable.     He called for cooperation between countries worldwide to cope with the crisis, and to carry out international financial system reform

TIANJIN, Jan. 20 (Xinhua) -- Chinese Vice President Xi Jinping has called for government and party officials to maintain their political integrity and lead the people to overcome difficulties amid hardships.     Xi, a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, made the remarks during an inspection tour to the northern coastal city of Tianjin from Sunday to Monday. Chinese Vice President Xi Jinping (1st R, front), also member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, talks to teachers and students on campus of Tianjin University during his visit to Tianjin Municipality Jan. 18, 2009. Party committees at all levels must make efforts to improve the awareness of political responsibility of officials, and make sure the officials would abide by party disciplines and political ethics, and preserve integrity in their work, Xi said.     He urged officials at all levels to study President Hu Jintao's speech at last Tuesday's plenary session of the CPC Central Commission for Discipline Inspection (CCDI).     Officials must keep in close contact with the public, prioritize people's interests during their work, and address their needs, he said.     Xi called for officials to ask the people for advice and suggestions, and try harder to take practical measures to tackle public difficulties.     He said officials should be the first to bear hardships, but the last to enjoy comforts.     Extravagance and waste during work must be opposed to enhance official's capability in fighting corruption, he said.

CHENGDU, Oct. 26 (Xinhua) -- Chinese Vice Premier Li Keqiang met on Sunday with leaders of Slovenia, Laos and Sri Lanka who are here to attend the Ninth Western China International Economy and Trade Fair, also known as West China Expo.     Li said he welcomed the three countries' leaders to attend the expo that will open on Monday in Chengdu, capital of southwestern Sichuan Province. Chinese Vice Premier Li Keqiang (R) meets with Slovenian President Danilo Turk in Chengdu, capital of southwest China's Sichuan Province, Oct. 26, 2008. Danilo Turk was here to attend the opening ceremony of the 9th Western China International Economy and Trade Fair, scheduled to be held on Oct. 27.He also thanked the governments and people of the three countries for their aid to China after the May 12 Wenchuan earthquake and their support for the Beijing Olympic Games.     When meeting Slovenian President Danilo Turk, Li said China would continue to promote the opening-up and development of the western area. Slovenia is welcome to make use of its own advantages and expand cooperation with China's vast western area, he added. Chinese Vice Premier Li Keqiang (R) meets with Lao Prime Minister Bouasone Bouphavanh in Chengdu, capital of southwest China's Sichuan Province, Oct. 26, 2008. Bouasone Bouphavanh was here to attend the opening ceremony of the 9th Western China International Economy and Trade Fair, scheduled to be held on Oct. 27.The West China Expo is an important platform for China to enhance international economic and trade cooperation, Li said when talking with Lao Prime Minister Bouasone Bouphavanh.     It is hoped that the expo would promote the trade between China and Laos, Li said. Chinese Vice Premier Li Keqiang (R) meets with Sri Lankan Prime Minister Ratnasiri Wickremanayake in Chengdu, capital of southwest China's Sichuan Province, Oct. 26, 2008. Ratnasiri Wickremanayake was here to attend the opening ceremony of the 9th Western China International Economy and Trade Fair, scheduled to be held on Oct. 27The premier said he hoped the two sides could deepen the cooperation in such fields as trade, investment and infrastructure when he met with Sri Lankan Prime Minister Ratnasiri Wickremanayake.     The three foreign leaders all said they would like to further promote relations with China.

  BEIJING, Dec. 26 (Xinhua) -- The three warships forming the small fleet that set sail from Sanya in south China's Hainan Province for escort mission off Somali are among the most sophisticated vessels of the Chinese navy.     The flagship of the fleet, DDG-169 Wuhan, is a multi-purpose missile destroyer of Type 052B of the People's Liberation Army Navy. It was built by Jiangnan Shipyard of Shanghai in 2002. A ceremony is held before a Chinese naval fleet sets sail from a port in Sanya city of China's southernmost island province of Hainan on Dec. 26, 2008. The Chinese naval fleet including two destroyers and a supply ship from the South China Sea Fleet set off on Friday for waters off Somalia for an escort mission against piracy.    With a displacement of 7,000 tonnes, DDG-169 Wuhan is equipped with 16 anti-ship missiles, 48 surface-to-air missiles, close-in weapons system and a helicopter.     DDG-171 Haikou, the Navy's latest destroyer model, is one of the two Type 052C destroyers. It was built by Jiangnan Shipyard in2003. Photo taken on Dec. 25, 2008 shows the Chinese Navy's supply ship Weishanhu in Sanya, capital of South China's Hainan Province. The Chinese Navy's three-ship fleet awaiting sail to waters off Somalia has finished its preparations for the overseas deployment, the fleet commander said Thursday.     DDG-171 Haikou is equipped with China's first generation of phased-array radar and a vertically launched long-range air defence missile system. It will provide air defense the fleet. The ship displaces nearly 7,000 tonnes.     Type 052C destroyers provide the Navy with China's first true aerial defense capability. Both the Wuhan and Haikou have a maximum speed of 30 knots.     The supply ship, Weishanhu (pennant number 887) of the Navy's Qiandaohu class, was launched by Huangpu Shipyard in Guangzhou in 2003. It was commissioned in 2004. Weishanhu is the Navy's first model designed to have round-the-clock supply capacity.     Having a displacement of 23,000 tonnes and maximum speed of 19 knots, Weishanhu is the biggest homemade multi-product replenishment ship. Although its primary role is supply, it can also defend itself and take part in offensive operations using its eight 37mm guns.     All three warships belong to the South China Sea Fleet, headquartered in Zhanjiang of Guangdong Province.     The task force commander is Real-Admiral Du Jingchen, who serves as chief of staff of the South China Sea Fleet.     En route to the Gulf of Aden and waters off Somalia, the commander told Xinhua that the expedition has not been given any landing plans and Chinese warships will not accept assignment from other countries or regional organizations.     "But we will exchange information with other country's escort ships and provide humanitarian help in our power to foreign vessels in danger," Du said. Specification source

BEIJING, Nov. 7 (Xinhua) -- The pursuit of harmony is a basic value and the fundamental spirit of Chinese culture, State Councilor Liu Yandong told representatives of the 2008 Beijing Forum on Friday.     More than 300 scholars from more than 40 countries participated in the forum, with the theme "The Harmony of Civilization and Prosperity for All-The Universal Value and the Development Trend of Civilization."     Liu congratulated the forum, saying its theme was highly significant.     She said the concept of harmony had become a key criterion in many types of relations: among peoples, between individuals and society, among nationalities and states, among cultures and between humans and nature.     "It is especially important for academic and educational institutions to promote multinational cultural communication under globalization," said Liu.     Co-sponsored by Peking University, the Beijing Municipal Commission of Education and the Korea Foundation for Advanced Studies, the Beijing Forum 2008 -- the fifth such annual meeting -- convened on Nov. 7. The forum will focus on the environment, the Olympic spirit and the global financial crisis.

来源：资阳报