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BEIJING, Nov. 10 (Xinhua) -- China's central bank moved a step further to tighten liquidity amid increasing inflation pressures as it ordered Chinese banks to set aside more reserves on Wednesday.The People' s Bank of China, or the central bank, announced it would raise the deposit reserve requirement ratio (RRR) for Chinese financial institutions that accept deposits by 50 basis points from Nov. 16, which was estimated to freeze more than 300 billion yuan (45.1 billion U.S. dollars).The order came on the eve of Thursday's release of China' s October consumer price index (CPI), which is projected, by some economists, to reach 4 percent.The RRR for the four big state-owned banks - the Industrial and Commercial Bank of China, China Construction Bank, Bank of China and Agricultural Bank of China - will stand at 18 percent once the rise takes effect.Further, Wednesday's move will raise the deposit reserve ratio for other large financial institutions to 17.5 percent and that for small-and medium-sized financial institutions to 15.5 percent.The adjustment is the fourth RRR increase the central bank has ordered for Chinese banks this year, and the first time it has done so since it hiked interest rates by 0.25 percentage points last month.Chinese experts believe combined concerns, ranging from the looming hot money inflows caused by the United State quantitative easing to the growing inflation risks and soaring assets bubbles, have caused the central bank to raise the RRR to rein in liquidity."The central bank announced interest rates hikes and the RRR rise within one month, as the U.S. 600 billion-US-dollar quantitative easing is likely to send more speculative capital flowing to the emerging markets, and domestic commodities prices continue to increase, " senior economist with the Asian Development Bank, Zhuang Jian said, adding that the RRR increase will trim the banks' credit capital, which will help curb market speculation inflows and stabilize commodities prices.China's central bank, on Oct. 20, announced a rise of its benchmark one-year lending and deposit rate by 0.25 percentage points, the first interest rates hike in three years, as the nation's CPI hit a 23-month high to 3.6 percent in September.October's CPI is due to be announced on Thursday, while economists anticipate the October year-on-year inflation is likely to rise to 4.1 percent.Further, prices of China' s edible farm produce have witnessed consecutive increases since mid-October, as prices of 18 types of vegetables in 36 large and medium-sized cities rose by 4.9 percent during the week that ended Nov. 7, according to data released Wednesday by the Ministry of Commerce.Zhang Ping, head of the National Development and Reform Commission, said Tuesday that the nation's CPI is expected to exceed the government' s annual target of 3 percent.Also, the nation's real estate prices continued the upward trend in October, though at a slower pace, with property prices in 70 major Chinese cities increasing by 8.6 percent year on year in October, down from the 9.1-percent increase in September, the National Bureau of Statistics showed Wednesday.Li Huaiding, analyst with the Guoxin Securities Co., said Wednesday's rise would contribute to scaling back liquidity, but pressures still exist in the upcoming months, and the central bank may again increase interest rates before the end of the year.Additionally, the central bank said in a report issued on Nov.2 that it would gradually normalize the monetary policy from its counter-crisis mode and tighten control over liquidity to maintain moderate credit growth in the coming months this year.

BEIJING, Dec. 15 (Xinhua) -- Chinese Premier Wen Jiabao left here Wednesday morning for official visits to India and Pakistan.Wen is traveling to the two countries at the invitation of Indian Prime Minister Manmohan Singh and Pakistani Prime Minister Yousuf Raza Gilani.Wen's entourage includes Chinese Foreign Minister Yang Jiechi, China's Minister of Communications Li Shenglin, China's Minister of Culture Cai Wu, Director of the Research Office of the State Council Xie Fuzhan, Vice Minister of the National Development and Reform Commission Zhu Zhixin, Vice Minister of China's Ministry of Commerce (MOC) and the MOC International Trade Representative Gao Hucheng, Vice Secretary-General of the State Council and Director of the Premier's Office Qiu Xiaoxiong and Chinese Assistant Foreign Minister Hu Zhengyue.

JERUSALEM, Nov. 9 (Xinhua) -- Israeli Foreign Minister Avigdor Lieberman on Tuesday met with visiting delegation of the Communist Party of China (CPC), led by Zhang Gaoli, member of the Political Bureau of the CPC Central Committee and Party chief of China's Tianjin municipality.Lieberman, hailing the long-standing friendship and continuously deepened cooperation between the Israeli and Chinese people, said that Israeli government has encouraged all of its major political parties to build friendly relationship with the CPC, and endeavored to promote practical bilateral cooperation in new fields and with new methods.He spoke highly of China's achievements in exploring the country's development methods according to its own circumstances and expressed hope to expand exchanges with China in terms of development experience.Zhang said that since China and Israel established the diplomatic relationship in 1992, the bilateral relations between the two countries have entered a new stage, with the cooperation and exchanges in various fields booming, especially in culture, trade and tourism.He said that China is willing to enhance mutual political trust between the two sides, and promote the friendly cooperation to a higher level.The CPC delegation, who arrived in Israel on Nov. 6, met with Israeli President Shimon Peres on Sunday.

BOGOTA, Dec. 28 (Xinhua) -- Colombian Vice President Angelino Garzon on Tuesday met with visiting Chinese State Councilor Liu Yandong to discuss the development of relations between their two countries.Liu said the relations between China and Colombia had maintained a sound momentum of development since they forged diplomatic ties 30 years ago.Exchanges and cooperation in the fields of politics, economy, education, technology and culture had yielded rich fruit, and the two countries had maintained coordination and cooperation in international and regional affairs, Liu said.Both China and Colombia - two developing countries with extensive common interests - were shouldering responsibilities of economic development and improving people's livelihood, she said.China cherished the friendship with Colombia and wanted to join Colombia in advancing their friendly and mutually beneficial cooperation, Liu said.The Chinese state councilor also said exchanges and cooperation in the fields such as culture, education and technology had great potential for further development, which should be new spotlights in bilateral relations.She called for continued strengthening of technological and educational cooperation and expanding cultural exchanges.Garzon expressed his gratitude for the sympathy and condolences China had extended to Colombia over its severe floods.China-Colombia ties were developing well, and Colombia highly valued its relations with China, he said.Garzon also said the two countries had great potential in mutually beneficial cooperation, and Colombia was willing to expand cooperation with China in economy, technology, education and culture.Colombia firmly adhered to the one China policy, he said.After the meeting, Liu and Garzon attended a signing ceremony for cooperation agreements on education as well as science and technology.

KUNMING, Nov. 21 (Xinhua) -- Ten people were detained following a dispute between coal mine contractors which led to a deliberate explosion, killing nine people and injuring 48 others in southwestern Yunnan Province, local police said Sunday.The explosion occurred at around 9 a.m. Thursday at a temporary shed built by the Xiaosongdi coal mine in Luxi county of Honghe Hani and Yi Autonomous Prefecture, according to local officials.Most of the casualties, however, were said to be with Yuejin coal mine, which is at dispute with Xiaosongdi coal mine.Local police concluded based on preliminary investigations the explosion was created by people.According to local authorities, the contractors for Xiaosongdi mine and Yuejin coal mine, which are close to each other, reportedly had a dispute after the underground shaft of one mine broke through into the other.Further, a spokesman with the provincial land and resources bureau said Sunday that the bureau had been investigating the dispute between the two mines and had been helping with the negotiations prior to the explosion.Pan Mingzhou, manager of the Yuejin coal mine, said, "the two mines had no dispute at all before October, and the negotiations were going well under the supervision of the provincial land and resources bureau.""I have no idea of why the explosion happened," Pan noted.The detainees included Wang Jianfu, contractor of the Xiaosongdi coal mine, and Zheng Chunyun, owner of the Yuejin coal mine, said the local police.Both of the mines have an annual production capacity of 90,000 tonnes.