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BEIJING, Feb. 26 (Xinhua) -- China's macroeconomic management would be put to the test both by the domestic and international markets in 2010, said Chairman of National Development and Reform Commission (NDRC) Zhang Ping Friday.The country's fiscal and monetary policies would be tested given the uncertainties of 2010, Zhang said."As to monetary policies, if the bank continues to provide easy loans,inflation may occur. But if the government tightens monetary policies too soon, the economy may relapse into recession." said Li Daokui, director of the Center for China in the World Economy, Tsinghua University.Last year, Chinese banks lent an unprecedented 9.6 trillion yuan (1.4 trillion U.S. dollars), nearly twice as much as 2008, and nearly half of 2009's gross domestic product (GDP).This year, for fear of asset bubbles and bad loans, the banking regulators have begun to put the brakes on bank lending. The People's Bank of China (PBOC), China's central bank, raised the reserve ratio by 0.5 of a percentage point earlier this month, hoping to reduce lending.According to the PBOC, new loans in January totalled 1.39 trillion yuan, down 230 billion yuan year-on-year, and China Banking Regulatory Commission Chairman Liu Mingkang said the Chinese government planned to restrict credit supply to 7.5 trillion yuan (about 1.1 trillion U.S.dollars) in 2010.Too much public investment caused weak private investment and overcapacity in some industries like steel, said Zhang Xiaoqiang, vice chairman of the NDRC."There's uncertainties about economic growth restructuring and fiscal stimulus plans," said Tang Min, vice secretary-general of China Development Research Foundation.The central government allocated about 924.3 billion yuan for public spending last year, 503.8 billion yuan more than the 2008 budget, said Finance Minister Xie Xuren.To face the challenges, fiscal policies would focus on consumption stimulus and development of new economic sectors like new energy industries, said Xie at the Central Economic Work Conference held last month.

BEIJING, Feb. 8 (Xinhua) -- Chinese Premier Wen Jiabao urged China and Japan to strengthen exchange and cooperation Monday to boost mutual understanding and trust.Wen made the remarks while meeting with members of the fifth 21st Century Committee for China-Japan Friendship. The committee, an advisory panel to both nations' governments, convened a meeting in Beijing on Sunday to discuss various aspects of China-Japan relations and to provide suggestions to the two governments."The foundation, as well as the hopes for and future of China-Japan friendship, lies in the peoples of the two countries," Wen said.Chinese Premier Wen Jiabao (R, front) meets with members attending the first meeting of the fifth 21st Century Committee for China-Japan Friendship in Beijing, capital of China, Feb. 8, 2010.Stressing that both sides need to take history as a mirror and face the future, Wen said China and Japan should handle relevant issues with the broad situation of Asia and the world in mind, enhance exchange and cooperation and increase mutual understanding and trust, so that the peoples of the two nations can become closer to each other and further develop bilateral ties.Hailing the committee as the bridge linking the two countries and the two peoples, Wen said he believed the committee would produce fruitful outcomes with the concerted efforts of the two parties.Chinese Foreign Minister Yang Jiechi (R) meets with Taizo Nishimuro, Tokyo Stock Exchange (TSE) president, and chief member of the Japan side of the first meeting of the fifth 21st Century Committee for China-Japan Friendship in Beijing Feb. 8, 2010China's Foreign Minister Yang Jiechi also met with the committee members.The committee met the press during their first meeting earlier Monday. During the meeting, Chinese chair of the panel Tang Jiaxuan dismissed the notion China's development meant acting "tough" towards others."The anxiety over China's being tough is groundless and unnecessary. What's crucial is the actual policies and moves China has taken," Tang said when asked if China will take "tougher" policies vis-a-vis Japan as the two countries' gap in national strength narrows.Tang said China's achievements over the last six decades have been notable and that the country's gap with Japan has narrowed.Still, he noted, China's per capita GDP is only 3,700 U.S. dollars, meaning it is not in the top 100 ranking of countries by the measure while Japan's per capita GDP is well over 40,000 U.S. dollars.China still has 150 million people living in poverty, according to the UN's standard of poverty of living on less than one U.S. dollar a day, Tang noted."That means China will remain a developing country for a long time into the future and needs to focus on its own development.""By tradition, China advocates harmonious relations with neighboring countries. China will stick to a peaceful development path and befriend the peoples of neighboring countries with diplomatic relations and build harmony in Asia and the world at large," Tang said.

SINGAPORE, Feb. 16 (Xinhua) -- Singapore's Senior Minister Goh Chok Tong said on Tuesday that China will become even more important globally and Singapore must find opportunities to ride on China's growth.Speaking at the Business China spring reception on Tuesday night, Goh said that China has over the past year weathered the global economic downturn with exceptional resilience.Despite shrinking external demand and rising unemployment, China's timely and bold policy responses have enabled its economy to grow at a sizzling 8.7 percent last year, he said, adding that China is now reinforcing its role as the engine for growth in Asia, if not the world.Goh said that the city state recognized China's potential early, soon after China began to open up its economy in 1978.Because of the early efforts made by the Singapore government and Singaporeans, China is today the city state's third largest trading partner and top investment destination, Goh said.As for riding on China's growth, Goh said that the Singapore government will help its companies gain an even stronger foothold in China, and continue to catalyze business opportunities in China.The seven provincial-level business councils, as well as other high-level dialogues and platforms, help open opportunities for companies, reinforce the Singapore brand name and increase its mindshare in China, Goh said.

BEIJING, Feb. 25 (Xinhua) -- Chinese police had cracked 210 online gambling crimes and arrested 918 suspects in the 13 days ending Feb. 20, an official with the Ministry of Public Security (MPS) said Wednesday.Gu Jian, vice director of the bureau of cyber security under the ministry, said the ministry also cracked another 122 less severe cases and punished 351 people in the same period.He did not provide further details about the cases.Eight Party departments, government ministries and financial regulatory bodies including the MPS and the People's Bank of China, jointly launched a seven-month-long nationwide campaign to curb online gambling on Feb. 8.The campaign, according to an earlier statement from the MPS, targets "major and severe cases, and would arrest domestic and foreign groups that organize online gambling and severely punish the offenders."Online gambling has seriously disturbed social and economic order, and has drawn strong complaints from the public, Gu said.

BEIJING, Feb. 3 (Xinhua) -- China's top political advisor Jia Qinglin on Wednesday called on the country's Buddhists to contribute to ethnic unity, social stability and national unification.Jia, chairman of the National Committee of the Chinese People's Political Consultative Conference, made the call when meeting with newly elected leaders of the Buddhist Association of China.He urged the association to unite and lead Chinese Buddhists to safeguard China's ethnic unity, social stability and national unification, and work hard to contribute to the all-round construction of a well-off society. Jia Qinglin (front R), chairman of the National Committee of the Chinese People's Political Consultative Conference(CPPCC), shakes hands with Chuan Yin, the newly elected president of the Buddhist Association of China, in Beijing, capital of China, Feb. 3, 2010. Jia met with the delegates of the eighth national conference of the Buddhist Association of China in Beijing on WednesdayEfforts should be made to cultivate more Buddhist talents and improve Buddhist education, said Jia, also member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee.Chuan Yin, who had headed the Beijing Buddhist Association, was elected as president of the Buddhist Association of China at the organization's eighth national conference Wednesday, while the 11th Panchen Lama was elected a vice president.  Jia Qinglin (front R), chairman of the National Committee of the Chinese People's Political Consultative Conference(CPPCC), walks with Chuan Yin (front L), the newly elected president of the Buddhist Association of China, in Beijing, capital of China, Feb. 3, 2010. Jia met with the delegates of the eighth national conference of the Buddhist Association of China in Beijing on Wednesday