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BEIJING, Aug. 4 (Xinhua) -- China's foreign exchange regulator Wednesday pledged to continue efforts to manage illegal capital inflows in the second half of the year.In a statement on its website, the State Administration of Foreign Exchange (SAFE) said it had investigated up to 3.5 million cases of international trade transactions, involving a total of 440 billion U.S. dollars, during its hot money monitoring campaign, which began in February.The statement said it had identified 197 cases of illegal capital inflow, but it gave no exact sum for the cases.SAFE said earlier last month that its investigations had found 190 cases, involving 7.35 billion U.S. dollars, of hot money inflows.Capital flows into and out of China for purposes other than import and export payments are strictly controlled by SAFE, which manages the country's 2.45 trillion U.S. dollars in foreign exchange reserves.The statement also said it would introduce new foreign exchange instruments to meet domestic market demand and support China's currency reforms.China's central bank announced on June 19 that it would further the reform of the formation mechanism of the yuan exchange rate to improve its flexibility.The hot money campaign was launched amid concerns that speculators were betting on an appreciation of the Chinese currency and rising asset prices.

BEIJING, July 27 (Xinhua) -- Senior Chinese official Li Changchun called for stepped-up efforts to reform the countries cultural sector at a meeting held recently and joined by publicity and culture chiefs from China's central government.Li also urged more progress to be made in the development and prosperity of China's cultural industries.Li, a Standing Committee member of the Political Bureau of the Communist Party of China (CPC) Central Committee, presided over the meeting. State Councilor Liu Yandong and Liu Yunshan, head of the Publicity Department of the CPC Central Committee, attended the meeting.

TORONTO, June 28 (Xinhua) -- Chinese President Hu Jintao's visit to Canada and his attendance at the Toronto G20 summit from June 23 to June 27 have successfully strengthened mutual trust and expanded cooperation, accompanying Chinese Foreign Minister Yang Jiechi said on Monday.President Hu conducted busy diplomatic activities by attending over 30 bilateral and multilateral events over the past few days, Yang said.During his visit to Canada, Hu, viewing development of China-Canada ties from a long-term perspective, worked with different parties in an extensive, thorough and meticulous way, and profoundly explained China's important views on boosting China-Canada pragmatic cooperation in various fields and advancing development of the bilateral strategic partnership.During the G20 summit, Hu, from a strategic height, comprehensively introduced China's stances on how to promote the all-round recovery of the global economy and guide the transformation of the G20, and helped the summit in yielding positive results in strengthening the macro-economic policy coordination between different countries, fully implementing the consensus of the previous three G20 summits and enhancing mechanism building of the G20.President Hu's visit and attendance are far-sighted, pragmatic, effective and fruitful, and have achieved complete successes, Yang said.During his visit to Canada, Hu, in spirit of "strengthening dialogue, boosting mutual trust, expanding cooperation and creating a better future", exchanged views extensively with the Canadian leaders and people from all walks of life, clarified strategically the importance and urgency of developing China-Canada ties in the new situation, and emphasized that both sides should stick to the correct direction of bilateral ties and make joint efforts to comprehensively push forward the China-Canada strategic partnership.Pragmatic cooperation in various fields serves the foundation for China-Canada ties. President Hu delivered a speech on the promotion of the all-round development of the China-Canada strategic partnership.Hu brought forward five proposals for boosting China-Canada trade and economic cooperation, which were positively responded by the Canadian side.Both the Chinese and Canadian leaders agreed to strive to increase bilateral trade to 60 billion U.S. dollars in 2015.Moreover, the two governments and the two countries' companies signed 10 cooperation documents on trade and economy, tourism, quality-inspection, law-enforcement, and energy and minerals.Cultural and person-to-person exchanges are of great significance to strengthening the public foundation for China-Canada ties. Hu announced that China would establish a China Cultural Center in Canada and invite 100 local Canadian educational officers and headmasters of primary and middle schools to visit China this year and another 100 Canadian middle school students to attend a summer camp in China next year.Various circles and public opinions in Canada responded positively to Hu's visit. They said they believed the trip had played an important role in promoting Canada-China relations, according to Yang.During the G20 summit, President Hu delivered an important speech entitled "Work in unity for the future," comprehensively introduced China's view on the current world economy, appealed to all parties to continue to carry forward the coordination spirit, and push the world economy into a new stage of vigorous, sustainable and balanced growth as early as possible.Hu presented a three-point proposal for this aim.First, all countries need to turn the G20 from an effective mechanism for tackling the global financial crisis to a major platform for promoting international economic cooperation.Secondly, efforts should be made to accelerate the establishment of a new international financial order that is fair, equitable, inclusive and well-managed.And last, all countries should promote the building of an open and free global trade system."The complex world economic situation makes it necessary for the G20 to play a guiding role. We need to take a longer-term perspective and shift the focus of the G20 from coordinating stimulus measures to coordinating growth, from addressing short-term contingencies to promoting long-term governance and from passive response to proactive planning," Hu said.These views were widely agreed and responded by leaders of countries participating in the summit.Hu said efforts should be made to keep the organic unity of the vigorous, sustainable and balanced growth.A vigorous growth is the foundation of the world economy, a sustainable growth is the aim, while a balanced growth is the means, he said.President Hu's speech was widely believed by leaders attending the summit as objective, balanced, profound, sharp-sighted, and to the point, giving out a right direction for development of the world economy.On the sidelines of the summit, President Hu also met respectively his U.S., Russian, Indonesian, South Korean counterparts Barack Obama, Dmitry Medvedev, Susilo Bambang Yudhoyono and Lee Myung-bak, and British and Japanese prime ministers David Cameron and Naoto Kan. They exchanged in-depth views on further boosting political mutual trust, bilateral ties, pragmatic and mutually beneficial cooperation, and the healthy and stable development of the G20. The meetings have vigorously pushed forward China's ties with the countries.Yang said President Hu's visit to Canada and attendance of the G20 summit had lifted the China-Canada strategic partnership, boosted the G20's healthy development and the world economy's full-scale recovery.China is willing to further deepen China-Canada ties, and make joint efforts with other G20 members in building a better future for the world economy, said the foreign minister.

BEIJING, Aug. 23 (Xinhua) -- The value of the gross output of China's auto industry surged 49 percent year on year to 2.086 trillion yuan (308 billion U.S. dollars) in the first half of the year, officials at the Ministry of Industry and Information Technology (MIIT) said Monday.At the same time, total export and import volume jumped 84 percent year on year to 50.66 billion U.S. dollars, according to a MIIT statement posted on its Web site.From January to July, China's auto output and sales both exceeded 10 million units. In July, China's auto output stood at 1.29 million units, up 16 percent year on year, while sales stood at 1.24 million units, up 15 percent year on year, MIIT said.Also, the Chinese government decided in June to extend an auto replacement subsidy program by six months until Dec.31 this year.Begun in June of 2009, the subsidy aims to help get highly polluting vehicles off the road while stimulating automobile consumption.Under the program, consumers who trade-in their used small-and medium-sized trucks and some mid-sized passenger vehicles for a new one are eligible to receive a subsidy of 3,000 to 6,000 yuan.By the end of May, the Chinese government had handed out 1.7 billion yuan in subsidies for 127,000 trade-in vehicles.The subsidy program has boosted domestic automobile spending by 15 billion yuan, according to officials at China's Ministry of Commerce.

BEIJING, Aug. 6 (Xinhua) - China's Ministry of Agriculture Friday urged local authorities in flood-hit regions to step up efforts to resume agricultural production and create favorable conditions for the autumn harvest following this summer's severe floods.Local departments were ordered to accelerate water drainage, restore damaged infrastructures, strengthen field management, and plant mung bean, potatoes and buckwheat, which have short growth periods, to make up for losses, according to an official from the ministry.The official also required departments to clear away and carry out bio-safety disposal of dead livestock, while increasing epidemic control measures.As of July 21, more than 7 million hectares of farmland in China had been destroyed by torrential rains and floods, according to data from the State Flood Control and Drought Relief Headquarters.