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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.
SHANGHAI, Aug. 13 (Xinhua) - Swiss President Doris Leuthard Thursday said the rise in bilateral trade between Switzerland and China is a delightful surprise, as she seeks to expand economic cooperation with China through a free trade agreement.The trade increase was a surprise as it came during the economic crisis last year, Leuthard said.In the first six months of 2010, Swiss exports to China increased more than 30 percent and Chinese exports to Switzerland increased more than 16 percent.Total trade volume between the two countries during the period hit 6.2 billion Swiss Francs (5.86 billion U.S. dollars), she added.Leuthard said she is optimistic about the future of Sino-Swiss bilateral trade, as the two countries are working on a free trade agreement."We are ending feasibility study (for the agreement) so both sides know the market, the opportunities and the risks very well. It is very promising," she said.After the joint feasibility study, the two sides will enter the final stage ahead of the signing of the deal, she added.Talks on the free trade agreement began in 2007 when Leuthard, as head of the Federal Department of Economic Affairs, signed an agreement with then-Minister of Commerce Bo Xilai. The agreement recognized the full market status of China.Switzerland hopes to be the first European country to have a free trade agreement with China, Leuthard told Xinhua in an interview last year.China is Switzerland's second largest trade partner in Asia after Japan.

BEIJING, Aug. 10 (Xinhua) -- China's Ministry of Health reported 1,397 deaths from infectious diseases on the mainland in July.Some 750,000 infections were registered last month, including 10 cholera infections, according to a statement released Tuesday by the ministry.No plague cases or deaths from cholera were reported in July, the statement said.Plague and cholera are categorized as Class A infectious diseases -- the most serious class under China's Law on the Prevention and Treatment of Infectious Diseases.More than 350,000 cases of Class B diseases were also reported in the month, with 1,251 of them resulting in death.Tuberculosis, viral hepatitis, dysentery, syphilis and gonorrhea were among the five most frequently reported cases in the month, accounting for 94 percent of all Class B cases, the statement said.The death toll due to Class C disease was 146. The top three Class C diseases were hand-foot-mouth disease (HFMD), infectious diarrhea and mumps, which accounted for over 98 percent of cases in this category, the statement said.
HETIAN, Xinjiang, Aug. 21 (Xinhua) -- Top Chinese political advisor Jia Qinglin here Saturday called for greater efforts by local religious circles in Hetian, in northwest China's Xinjiang Uygur Autonomous Region, to contribute to the long-term stability and development of Xinjiang.When meeting with representatives of local religious circles during his visit to Hetian, Jia, chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), listened to their advice and opinions.Speaking highly of the contributions of patriotic religious personages, Jia said Party committees and governments at all levels in Xinjiang have always attached great importance to the education and cultivation of religious believers, showed care for their lives and work, and given great support to their religious activities.Citing a roadmap outlined by the central work conference on Xinjiang's development held in May, Jia urged Xinjiang's religious circles to help consolidate national unity and harmonious religious relations.Jia also asked them to resist and eliminate the influence of religious extremism in their religious activities.
BEIJING, Aug. 12 (Xinhua) -- China has decided to impose anti-dumping tariffs on pure terephthalic acid imported from Thailand and the Republic of Korea (ROK), the Ministry of Commerce (MOC) said Thursday.The five-year tariffs, ranging from 2 percent to 20.1 percent, took effect Thursday, the ministry said in a notice posted on its website.The MOC said the dumping of terephthalic acid on the China market had caused substantial damage to the domestic industry.The ministry started an anti-dumping probe into imports of the acid on Feb. 12, 2009.On Feb. 12, 2010, the MOC announced the the preliminary ruling of the investigation, which required importers of pure terephthalic acid from Thailand and the ROK to put down a security deposit.Terephthalic acid is an organic compound used in polyester coatings and resins.
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