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BEIJING, May 31 (Xinhua) -- The People's Bank of China (PBOC), China's central bank, issued a circular Monday requiring banks to curb lending to energy-intensive industries, a move echoing government energy-saving and pollution-reduction measures.Banks must strictly review loan applications from companies in energy-consuming industries, the circular said, adding that only bank headquarters can extend loans to finance capacity expansion projects in energy-guzzling sectors.It also banned new credit to any projects not complying with government energy-saving policies.According to the circular, banks should conduct an overall review of loans to energy-intensive industries and report the results to the central bank by the end of June.The State Council, China's Cabinet, urged in early May all government departments make efforts to cut emissions and conserve energy to meet the country's target set in the 11th Five-Year Plan (2006-2010), according to which China will cut its per unit GDP energy consumption by 20 percent compared with 2005 levels by the end of 2010.

BOAO, Hainan, April 10 (Xinhua) -- The Boao Forum for Asia (BFA) Annual Conference 2010 officially opened Saturday morning in Boao in south China's Hainan Province, with a focus on Asia's sustainable recovery from the economic downturn.Chinese Vice President Xi Jinping attends the opening ceremony and will soon deliver a keynote speech.Long Yongtu, BFA's secretary-general, said the world economy still faces huge challenges despite strong signs of recovery. Delegates attend the opening plenary of Boao Forum for Asia(BFA)Annual Conference 2010 in Boao,a scenic town in south China's Hainan Province,April 10 0,2010.The BFA Annual Conference 2010 with the theme"Green Recovery:Asia's Realistic Choice for Sustainable Growth h"officially opened here Saturday.The biggest challenge is to ensure quality, efficient and green growth rather than to have only strong economic data, Long said at the opening ceremony.Fidel Ramos, former Filipino president and chairman of BFA's board of directors, said all Asian nations should explore different ways on the way to recovery to ensure sustainable growth.

BEIJING, April 2 (Xinhua) -- Leaders of seven countries have confirmed their participation in the opening ceremony of Boao Forum for Asia's 2010 meeting in south China's Hainan Province on April 10, Foreign Ministry spokesman Qin Gang said Friday.The leaders are: Lao President Choummaly Saygnasone, Danish Prime Minister Lars Loekke Rasmussen, Mongolian Prime Minister Sukhbaataryn Batbold, Iranian First Vice President Mohammad Reza Rahimi, Afghan Vice President Mohammad Karim Khalili, Timor-Leste's Vice President Jose Luis Guterres and Cambodian Senior Minister and Minister of Planning Chhay Than.Qin said Chinese Vice President Xi Jinping will meet the foreign leaders on the sidelines of the forum.The forum, which will focus on Asia's green and sustainable development in the wake of global economic downturn, is to be held in Boao, a coastal resort in Hainan, from April 9 to 11.Danish Prime Minister Lars Loekke Rasmussen will also pay a working visit to China as guest of Chinese Premier Wen Jiabao, Qin said.

WASHINGTON, April 12 (Xinhua) -- Chinese President Hu Jintao said Monday that China would firmly stick to the path of reforming its currency exchange rate formation mechanism based on its own economic and social development needs.Hu said detailed measures for reform should be considered in the context of the world's economic situation, its development and changes, as well as China's economic conditions."RMB appreciation would neither balance Sino-U.S. trade nor solve the unemployment problem in the United States," Hu told U.S. President Barack Obama.Chinese President Hu Jintao (L) meets with U.S. President Barack Obama in Washington April 12, 2010. President Hu Jintao arrived in Washington on Monday to attend the Nuclear Security Summit slated for April 12-13.The Chinese leader said his country does not intend to pursue a trade surplus over the United States.China would like to take additional measures to increase imports from the United States, Hu said, urging the United States to loosen its export control over high-tech products so that exports to China could be increased.He expressed the hope that trade frictions between the two countries can be solved through negotiations so that Sino-U.S. economic and trade cooperation can be maintained.President Hu also said the advancement of Sino-U.S. economic and trade ties, an important part of the two countries' relations, would benefit not only China, but also the United States, as well as the world's economic development.