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BEIJING, June 18 (Xinhua) -- China's fiscal risk is controllable as it aims for a balanced economy, a senior finance official said Friday in a call for "growth-friendly" fiscal consolidation of the world economy."According to some indicators, the fiscal risk China is facing is controllable, and China's fiscal development retains sound momentum," said Vice Finance Minister Zhu Guangyao at a news briefing on the fourth Group of 20 (G20) summit.China's budget deficit accounted for 2.9 percent of GDP in 2009 and was expected to stand at 2.8 percent this year, said Zhu."Even facing healthy and sound momentum, the Chinese government attaches importance to balanced and stable economic development," said Zhu.Fiscal consolidation would be a major topic at the Toronto summit, and the G20 leaders would discuss how to maintain robust, sustainable and balanced economic growth, said Zhu.Some European Union (EU) member states have announced austerity plans to cut public deficits in a bid to restore investor confidence in their economies and in the euro, but the fiscal consolidation measures have drawn strong opposition.Zhu said the global economy was undergoing gradual recovery, but still facing some uncertainties, especially with the European debt crisis.

LHASA, Tibet, June 8 (Xinhua) -- The 11th Panchen Lama on Tuesday visited rural homes in Shannan Prefecture and chatted with peasants before finishing his first visit to this part of southern Tibet."I never dreamed a Living Buddha would come to my home," said Mila, 49, a resident in Ztang Township.The maroon-robed Panchen Lama sat with Mila on a bench in the family's bright new concrete house and talked about a wide range of issues including local living standards, incomes and religious life.The 11th Panchen Lama gives head-touch blessings to local devotees in front of Sanyai Monastery in Nedong County of Shannan Prefecture, southwest China's Tibet Autonomous Region, on June 8, 2010. The 11th Panchen Lama finised Tuesday the two-day visit in south Tibet's Shannan Prefecture where he held large prayer services and gave head-touch blessings to more than 5,000 local devotees.Patting the head of a three-year-old, the Panchen Lama, now in his 20s, told Mila's family to give the children a good education. He also told the family to work hard for a prosperous life."I will pray for you," the Panchen Lama said.The Panchen Lama gave head-touch blessings to locals as he walked from home to home. He also prayed at the thirteen-century-old Sanyai Monastery.The Panchen Lama started his tour to Shannan on Monday for his first visit to the area honored as the cradle of Tibetan civilization since he was enthroned as a Tibetan Buddhist leader in 1995.He returned to Lhasa late Tuesday.The 11th Panchen Lama, who spends most of his time since the enthronement studying Buddhism in Beijing, started his annual Tibet tour last Thursday, during which he visited a number of monasteries and participated in a variety of Buddhist events.

BEIJING, Aug. 24 (Xinhua) -- China's top legislature, the National People's Congress (NPC), has proposed a reform in income distribution be launched as soon as possible, aiming to increase residents' income and narrow the gap in wealth.Officials of the Financial and Economic Affairs Committee of the NPC said they have completed a research report on distribution of national income and made the proposals to be included in the 12th Five-Year Plan (2011-2015).The research report proposes increasing the proportion of residents' income in national revenue and the proportion of labor rewards in the primary distribution of national income. It suggests that the reforms should seek to enlarge the middle class until it becomes the largest sector in society. The report also offers proposals on taxation and social security.The legislature did not release further details on the proposed reforms in income distribution.The NPC, for the first time in history, completed 15 research reports on 14 major subjects from March to July to provide proposals for the formulation of the critical development plans for the next five years, after top legislator Wu Bangguo called for the research at the annual legislative session.According to a World Bank report, the Gini Coefficient for China, a main gauge of c disparity surged to 0.47 in 2009, exceeding the "security line" of 0.4, pointing to the unequal distribution of income which could arouse social unrest.This figure was 0.21 to 0.27 three decades ago. ' In the primary distribution of national income, the proportion that goes to wages and salaries, the major source for China's mid- and low-income families, has been declining, according to Yi Xianrong, a researcher at the Chinese Academy of Social Sciences.The proportion of the total income that Chinese citizens receive from the distribution of national income fell sharply to 57.9 percent in 2007, compared with 68 percent 20 years ago, according to the People's Bank of China.

CHONGQING, July 19 (Xinhua) -- Rain-triggered landslides in southwest China Monday blocked a river, creating a barrier lake in Chongqing Municipality and forcing the evacuation of more than 12,000 people, flood control authorities said.The landslide blocked the Luojiang River in Chengkou County early Monday, creating a dam holding 15 to 20 million cubic meters of water, said Xing Hua, a Chengkou Water Resources Bureau spokesman.As of 5 a.m. Monday, the barrier lake was five-square-kilometers in area and 18-meters deep, said Xing.Photo taken on July 19, 2010 shows the Ciqikou Town surrounded by flood water of the Jialingjiang River, southwest China's Chongqing Municipality. The water level of Beibei section of Jianglingjiang River rose to 197.76 meters, 3.26 meters higher than the alarm line.All 12,000 residents - 7,000 from Chongqing and 5,000 from neighboring Sichuan Province - have been evacuated to higher ground, flood control authorities in the two regions said.The rising waters may flood the upper reaches of the river while any potential dam breach would bring fatal floods downstream.Continuous downpours and poor road conditions have hindered work teams and experts getting near the site, stymying efforts to deal with the barrier lake, said Chengkou County's flood control office.

XI'AN, July 25 (Xinhua) -- Two floods and other rain-triggered disasters that hit northwest China's Shaanxi Province in the past 11 days had left at least 111 dead and 167 missing, provincial authorities said Sunday.The first floods, from the rain-swollen Hanjiang River and its tributaries, hit Shaanxi's Ankang, Hanzhong, and Shangluo cities from July 14 to 19. Another flood that began Thursday worsened the catastrophe.The floods have affected about 4.25 million people and forced 703,000 people to be evacuated. In the worst-hit Ankang City, 63 people were killed, 119 missing and 2,824 injured, according to a statement from the provincial government.The floods also caused an estimated economic loss of 9.56 billion yuan. Officials noted that more than 71,000 people were mobilized to assist in the flood control.