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BEIJING, April 13 (Xinhua) -- Chinese companies will no longer need the central bank's approval when issuing short-term bonds on the inter-bank market amidst government efforts to boost direct financing and reduce bank loan risks.     The People's Bank of China (PBOC) announced non-financial companies could issue bonds with maturities of less than one year on the inter-bank market without its approval from April 15.     Instead, they would only need to register at the National Association of Financial Market Institutional Investors set up in September, the PBOC said in a statement issued late on Saturday.     It said other negotiable notes "with a certain maturity" issued by non-financial companies on the inter-bank bond market wouldn't need administrative examination and approval, either. Nor would future innovative financing tools on the market.     China has vowed to develop its capital market and broaden direct financing channels to curb enterprises' heavy reliance on bank credit.     "China's financial structure has long been unbalanced, with its direct financing underdeveloped," said the statement. "Enterprises rely on bank loans too much, bringing them fairly large hidden risks."     To boost innovation in debt offering and raise the share of direct financing could mobilize the transfer of deposits to investment and decrease credit risks of the banking system, it said.     China allowed companies to offer short-term bonds to qualified institutional investors on the inter-bank market in May 2005.     From then to the end of 2007, 316 companies issued 769.3 billion yuan (about 109.9 billion U.S. dollars) of short-term bonds, with 320.3 billion yuan of outstanding debts, statistics showed.     In comparison, short-term loans to non-financial companies and other institutions surged 1.25 trillion yuan in 2007, while middle- and long-term loans jumped 1.65 trillion yuan.

LANZHOU, Sept. 14 (Xinhua) -- Inspectors had found poisonous chemical in the Sanlu infant formula produced by one of its partner producers in northwest China's Gansu Province, an official said on Sunday.     Two out of the 12 samples randomly selected from the Sanlu milk powder produced by the Haoniu Dairy Co., Ltd. in Jiuquan City had tested positive for melamine, said Xian Hui, vice-governor of Gansu.     "The products of Haoniu have been sealed up," he said.     The test was conducted after the Sanlu Group, a leading Chinese dairy producer based in northern Hebei Province, admitted that it had found some of its baby milk powder products were contaminated with melamine, a chemical raw material strictly forbidden by the country to be used in food processing.     As of Saturday, a total of 432 babies throughout the nation have been sickened with kidney stones after drinking the contaminated milk powder.     Haoniu was founded in 2002 with the registered capital of 51 million yuan (7.45 million U.S. dollars). Its production was in line with the Sanlu standard and its products use the Sanlu trademark.     As of Saturday night, Gansu has reported 102 cases of infant kidney stone caused by the Sanlu milk powder. Two babies have died, Xian said.     The province has so far seized altogether 164,000 packs of Sanlu milk powder.

BEIJING, Sept. 11 (Xinhua) -- With the Beijing Paralympic Games under way, Chinese President Hu Jintao and other top leaders watched a musical and dancing performance staged by disabled artists in Beijing on Thursday night.     The grand show, titled "My Dream," was presented by the China Disabled People's Performing Art Troupe (CDPPAT) in the Poly Theatre in downtown Beijing. Specially prepared for the Beijing Olympics and Paralympics, the show has been continuously modified and Thursday's was already its fifth edition.     Sitting among the audience were Party and state leaders Wu Bangguo, Wen Jiabao, Jia Qinglin, Li Changchun, Xi Jinping, Li Keqiang, He Guoqiang and Zhou Yongkang, as well as International Paralympic Committee (IPC) President Philip Craven and International Olympic Committee Honorary President Juan Antonio Samaranch. Chinese President Hu Jintao greets artists of China Disabled People's Performing Art Troupe after their performance "My Dream" at the Poly Theatre in Beijing Sept. 11, 2008The performance -- a mixture of music, dancing, Peking Opera, dancing drama and music drama -- has been a hit since its debut on Aug. 10, staged for more than 40 times in the Chinese capital.     The performance on Thursday night began with a poem titled "My Dream," which was presented by performers using the sign language.     "We are trying to hear sounds and rhythms in silence, to see light in darkness, and to pursue perfection with disabilities," the poem goes.     In a classical repertoire of the troupe called the Thousand-hand Bodhisattva, Tai Lihua, a deaf dancer with great popularity in China, led 20 other hearing-impaired dancers in golden costumes to perform in breath-taking synchronicity. Chinese President Hu Jintao, other top party and state leaders Wu Bangguo, Wen Jiabao, Jia Qinglin, Li Changchun, Xi Jinping, Li Keqiang, He Guoqiang and Zhou Yongkang, International Paralympic Committee President Philip Craven and International Olympic Committee Honorary President Juan Antonio Samaranch pose for a group photo with artists of China Disabled People's Performing Art Troupe after the performance "My Dream" at the Poly Theatre in Beijing，China, Sept. 11, 2008Other highlights of the show included singing by disabled vocalists, playing of traditional Chinese musical instruments by blind musicians, and rhythmic dances and Peking Opera performance by blind, deaf or amputated artists.     Amazed by the spectacular show, the entire audience, including President Hu and IPC chief Craven, warmly applauded time and again to show their respect for the artists.     When the show ended, Hu, Craven and others also ascended the stage to shake hands with the performers and congratulate them on the success of the performance.

LANZHOU, July 10 (Xinhua) -- Local governments should promote the spirit of quake relief to carry out reconstruction work and economic and social development, said a senior Chinese official.     Jia Qinglin, chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), said this during his inspection tour to quake-affected Shaanxi and Gansu provinces from Sunday to Thursday that there have been heavy tasks for local governments in terms of relocating quake survivors and rebuilding damaged or destroyed facilities. Jia Qinglin (2nd L), chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), receives Tibetan scroll painting Tangka and Hada, a long piece of silk used as a traditional greeting gift, offered by a living Buddha of the Labrang Lamasery during his visit to the Lamasery in Xiahe County, Gannan Tibetan Autonomous Prefecture, northwest China's Gansu Province, July 9, 2008.He went into tents to ask local people about quake relief supplies and their living conditions, praised soldiers and workers on rebuilding sites, and encouraged students to keep up their studies in temporary classrooms.     He told officials to ensure food, water, clothes and bedding continue to get to survivors, focus on solving housing problems and make scientific plans for reconstruction.     Jia, also a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, also visited several high-tech enterprises in Gansu.     "Although we have gone through the most severe challenge, the country's economy continues to develop in a steady, relatively fast way in general," he said, adding: "We should transfer the spirit of quake relief into the driving force of economic development."     He also stressed maintaining social stability in Tibetan-inhabited regions