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BEIJING, Nov. 27 (Xinhua) -- Two years of monetary easing policies helped China's economy emerge from the global financial crisis. Now, facing a runaway inflow of hot money, fast loan growth, and escalating inflation, China could become serious about tightening regulations to achieve a "soft landing".Analysts recently said China could see more interest rate hikes in the final month of 2010 in a bid to soak up excessive liquidity and prevent a potential overheating of the economy.Further, the People's Bank of China (PBOC) Deputy Governor Hu Xiaolian said on Oct. 24 that using multiple monetary policy tools to improve liquidity management and guide the money and credit growth back to normal would be the main task for the central bank in the remainder of this year.According to data released by the central bank Friday, in October those funds outstanding for foreign exchange (FOFE) hit 525.1 billion yuan (78.37 billion U.S. dollars), the second highest monthly record in history.That is to say, PBOC issued 519 billion yuan of Renminbi in October to purchase the same amount of fresh inflow of foreign exchanges, which usually enter the nation in the form of trade surplus, foreign direct investment and short-term international speculative funds."The huge inflow of hot money is an important reason behind the sharp rise in FOFE," said Zhang Ming, a researcher with the China Academy of Social Sciences (CASS).He noted, as the European debt crisis ceased, that speculative funds have returned to the emerging markets, notably after the U.S. Federal Reserve announced the second round of its quantitative easing policy."As the massive inflow of foreign exchange increases the domestic monetary base, it has become a major impetus of a broad money supply, which could exacerbate inflation," said Liu Yuhui, also a researcher with CASS.Hefty foreign exchange inflow usually goes together with soaring inflation. China's FOFE hit a record 525.1 billion yuan in April 2008. In the same month, China's Consumer Price Index (CPI), a main gauge of inflation, was up by 8.5 percent, which was unprecedented.Also, this October, the CPI rose by 4.4 percent, the highest amount in 25 months.Boosted by a massive trade surplus, the domestic monetary situation began easing in late 2008, as China's broad money supply exceeded 70 trillion yuan, surpassing the United States to become the world's largest.Li Daokui, a member of the monetary policy committee with the PBOC, said hefty money supplies posed huge risks to the nation' s banking system and, more imminently, would exacerbate the current inflation."The interest rate increase last month sent a signal that more such increases will come in the future," he said.

NANJING, Dec. 13 (Xinhua) -- About 5,000 Chinese and foreigners gathered Monday in Nanjing, capital of east China's Jiangsu Province, to mourn hundreds of thousands of people who were killed by invading Japanese troops 73 years ago.Participants in the ceremony stood in silent tribute, offered wreaths and bowed in front of the Memorial Hall of the Victims in the Nanjing Massacre, with sirens wailing in the drizzling morning on Monday, the 73rd anniversary of the massive slaughter."The Japanese soldiers invaded Nanjing when I was four, and they killed some of my family members. On the anniversary of the massacre every year I would come here to express my grief," said Sun Xuelan, a 77-year-old survivor, who is confined to a wheelchair.Japanese troops occupied Nanjing on Dec. 13, 1937 and began a six-week massacre. Records show more than 300,000 people -- not only disarmed soldiers , but also civilians -- were killed.Mikhalchev Mikhail, deputy director of the Central Museum of the Great Patriotic War in Russia, said, "In the history of human civilization, some facts shouldn't be forgotten, and the Nanjing Massacre was one of them."He noted that the tragedy had become a symbol of the Chinese people's bitter suffering and prompted all people to learn the preciousness of peace.""We should remember the history, but not hatred. Peace is a common desire of all human beings," said Nanjing citizen Yu Hong , who attended the ceremony.Besides the memorial ceremony, Buddhist monks from China and Japan held a religious service Monday at the Memorial Hall of the Victims of the Nanjing Massacre.The assembly was attended by 15 monks from six Buddhist temples in Japan, more than 50 monks and Buddhist believers from China and thirty Massacre survivors and relatives of victims.The monks chanted Buddhist prayers of mourning and prayed for peace.Aori Take Shuna, abbot of Japan's Reiunti Temple, read a poem he wrote to honor the dead and prayed for long-term friendship between the peoples of China and Japan.Yamauchi Sayoko, who was a representative of a sect of Japanese Buddhism, said that the people of Japan, which invaded and occupied China in the 1930s and 1940s, were deeply regretful for the victims of the war and sincerely hoped such a tragedy would never be repeated.Built in 1985, the memorial hall annually records five million visitors since it was expanded and renovated in 2007.Zhu Chengshan, curator of the hall, said that every year when the anniversary of the Nanjing Massacre occurs , nearly 10,000 Nanjing citizens would swarm the hall and spontaneously mourn the victims.On Sunday, workers began to extend a memorial wall at the memorial hall on which names of those killed are engraved.After the extension, the wall would have 10,324 names, 1,724 more than three years ago, Zhu said.Collecting the names of the victims was an important job in researching the Massacre, but it was difficult to find witnesses and documents decades later, he said.Moreover, a group of historians from China, Japan and the United States has begun compiling an encyclopedia on the Nanjing Massacre, which was expected to embody a wide range of historical documents and pictures. "The dictionary may serve as a consolation to the deceased," Zhu said.

BEIJING, Nov. 28 (Xinhua) -- China on Sunday proposed emergency consultations among the heads of delegation to the Six-Party Talks next month as tensions rise on the Korean Peninsula."The Chinese side, after careful deliberation, proposes emergency consultations among the heads of delegation to the Six-Party Talks in early December in Beijing to exchange views on major issues of concern to the parties at present," said Wu Dawei, Chinese special representative for the Korean Peninsula affairs.It is China's latest move with regard to tensions on the peninsula, following the exchange of artillery fire Tuesday between the Republic of Korea (ROK) and the Democratic People's Republic of Korea (DPRK).The ROK and the United States on Sunday launched a four-day joint naval drill in waters west of the divided Korean Peninsula, the U.S. aircraft carrier USS George Washington joined the drill.A statement from the U.S. Forces Korea (USFK) said it "demonstrates the strength" of the alliance between Seoul and Washington and their "commitment to regional stability through deterrence."But the DPRK on Sunday blasted the ROK-U.S. joint exercises, saying they were bringing war to the Korean Peninsula.China has repeatedly called for calm and restraint, urging the resumption of the stalled Six-Party Talks among China, the DPRK, the United States, the ROK, Russia and Japan.Wu told a press conference the consultations would aim to properly address the situation on the Korean Peninsula and were in accordance with the Joint Statement of the Six-Party Talks issued on Sept. 19, 2005.

BEIJING, Dec. 1 (Xinhua) -- Chinese Vice Premier Li Keqiang said Wednesday China and France should together promote the healthy and stable development of bilateral ties.Li made the remarks while meeting with former French Prime Minister Jean-Pierre Raffarin and General Secretary of the Union for a Popular Movement (UPM) Jean-Francois Cope in Beijing.Li spoke highly of Raffarin's long-term contribution to Sino-French ties. He congratulated Cope on becoming General Secretary of the UPM.Referring to the important consensus reached by the two countries' leaders during Chinese President Hu Jintao's visit to France in early November, Li said the China-France relations are developing well.He suggested the two nations further enhance communication and coordination on major international and regional issues while deepening pragmatic cooperation in all areas.Li said the Communist Party of China (CPC) attaches importance to developing friendly cooperative relations with the UPM.The CPC hopes to enhance mutual understanding and trust with the UPM so as to make a positive contribution to bilateral ties and China-Europe ties, he added.Raffarin said China is playing an increasingly important global role.He said he hopes to continue to deepen friendship between the two peoples.Cope said the UPM hopes to strengthen party-to-party exchange and boost bilateral cooperation and communication with the CPC.Founded in 2002 by Jacques Chirac, the UPM currently enjoys an absolute majority in the National Assembly and a plurality in the Senate of France.Its leader, Nicolas Sarkozy, was elected President of France in 2007.

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