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HANGZHOU, July 4 (Xinhua) -- A new regular direct passenger sea route between the Chinese mainland and Taiwan was officially opened Saturday after a ship safely returned from Taiwan.The passenger ship, Coscostar, returned to the Damaiyu Port, Taizhou City of eastern Zhejiang Province Saturday, making it the second port on the mainland that has served the regular direct sea route with Taiwan, said He Jinliang, deputy head of the city's Taiwan affairs office.On June 26, the ship, carrying more than 500 passengers, traveled about 302 km to the Keelung Port of Taiwan, He said.With a tonnage of 26,800, the ship, owned by the China Ocean Shipping Companies Group, could carry about 600 passengers, 256 containers and 150 automobiles.The COSCO Star Passenger Ro-Ro Ship is berthed inside the Dabaiyu Port, prior to its maiden voyage to Keelung of Taiwan, at Taizhou City, east China's Zhejiang Province, June 26, 2010.The ship is scheduled to shuttle once a week. It will depart from Damaiyu in Yuhuan County on Saturday night and return the following Friday. The single trip would take eight to nine hours, traveling at various speed.Wang Yihao, deputy head of Yuhuan County, said the standard ticket costs 600 yuan (88.6 U.S.dollars) and the deluxe class ticket costs 1,000 yuan."The prices are nearly half that of airline tickets. With this new route, cross-Strait travel will be much easier, more comfortable and will attract more mainland tourists to Taiwan," Wang said.In August 2009, the first regular direct sea route was launched to link eastern Fujian Province's Xiamen Port and Taiwan's Taichung Port and Keelung Port.

BEIJING, Aug. 5 (Xinhua) - The People's Bank of China (PBOC), also known as the central bank, said Thursday it would maintain its moderately loose monetary policy and enhance financial supports to boost the economy's sustainable development.The bank will apply multiple monetary tools to keep an appropriate growth in money supply in a bid to strike a balance between meeting the need of funding economic development and managing the inflation expectation, the PBOC said in a statement posted on its website.The PBOC reiterated it would maintain continuity and stability in monetary policy while, at the same time, making the policy more specific and more flexible.It vowed to improve the yuan's exchange rate mechanism, and increase financial support to promote the transformation of the economic growth pattern and adjustment of the economic structure.China's broad money supply (M2), which covers cash in circulation and all deposits, increased 18.5 percent year on year to 67.39 trillion yuan by the end of June, which marked a slowdown from the 21 percent increase at the end of May, the PBOC said.During the same period, narrow money supply (M1), cash in circulation plus current corporate deposits, climbed 24.6 percent from a year earlier to 24.06 trillion yuan, representing a decrease of 5.3 percentage points from the end of May, according to the PBOC.The bank also warned of potential domestic inflation risks due to complicated situations both at home and abroad.Increases in the costs of labor and environmental requirements, combined with continuing progresses in the reforms in the prices of resource products, will likely impact the inflation expectation.Meanwhile, the central bank pointed out that external 'hot money' may push up price hike pressures."The global monetary situation is relatively loose, as nations across the world have been prudent in their stimulus exits due to continuing uncertainties in the economic recovery. Excessive money is likely to seek various outlets, adding potential risks of inflation expectations," the PBOC said in its statement.

BEIJING, Aug. 1 (Xinhua) - China will deliver humanitarian aid worth 10 million yuan (1.48 million U.S. dollars) to flood-ravaged Pakistan, China's Ministry of Commerce (MOC) announced Sunday.The charitable assistance was offered to help Pakistan' s government fight the flooding and rescue victims, the MOC said in a brief statement posted on its website.The Pakistan government kicked off an emergency rescue and relief operation on July 30 after declaring an emergency in the flood-struck northwestern province of Khyber Pakhtunkhwa (KP).

ZHOUQU, Gansu, Aug. 14 (Xinhua) -- The death toll from the massive mudslide in Zhouqu County, northwest China's Gansu Province, has risen to 1,239 as of 4 p.m. Saturday, with 505 still missing, local disaster relief headquarters said.The county education department said Saturday that primary and middle schools in Zhouqu will start the autumn semester on Aug. 25, ten days later than scheduled.This was because hundreds of homes and one primary school were buried and more schools were damaged or inundated in water. Many school classrooms are also being used as temporary shelters.By Saturday noon, power supply was resumed in 8,375 homes, or 76 percent of all affected in the blackout.Vegetables were on sale for the first time on Saturday, nearly a week after the mudslide buried the only vegetable market in Zhouqu.Local authorities ordered 8,400 kg vegetables from neighboring Longnan City and they were sold Saturday afternoon at the same or even lower prices prior to the disaster.Downpours from Wednesday night to Thursday morning have triggered severe floods and mudslides in Longnan, leaving 33 dead and 63 missing, local government said.A major road into the counties of Chengxian and Huixian in Longnan was reopened Saturday night after being damaged in the floods.More than 500 troops and 26 doctors have arrived in the hardest-hit Chengxian, where at least 20 people were killed and more than 10,000 residents had been relocated, to join in the rescue operations.In Gansu's neighboring province of Sichuan, floods and landslides triggered by heavy rains this week have killed at least 10 people and left another 57 missing.In Wenchuan of Sichuan alone, the epicenter of an 8-magnitude quake in May 2008 that left 87,000 people dead or missing, the floods had left 38 people missing by 3 p.m. Saturday.Some regions in Sichuan received a rainfall of more than 200 millimeters between Thursday and Saturday, prompting water levels in many major local rivers to rise above warning levels.Heavy rains also wrecked the eastern province of Shandong this week, forcing the evacuation of 204,500 people, damaging 547,100 hectares of crops, toppling 15,873 houses and causing a direct economic loss of 2.38 billion yuan (350 million U.S. dollars).China suffers the worst flood in at least a decade this summer. Floods and other rain-triggered disaster had left more than 2,300 people dead and further 1,200 missing nationwide this year.

COLOMBO, June 11 (Xinhua) -- Sri Lankan Prime Minister D. M. Jayaratne and the visiting Chinese Vice Premier Zhang Dejiang stressed here on Friday to enhance the two friendly nations' cooperation in a wide range of areas including economy, education, culture and international affairs.Jayaratne told Zhang that Sri Lanka's economy has been greatly benefited by some mega-projects funded by China in recent years. He also expressed his gratitude to China's participation in Sri Lanka's economic rebuilding after the conclusion of a 30-year-old civil war.The Sri Lanka prime minister said Sri Lanka treasures the friendship between the two countries and unswervingly supports China on issues of her core interests.Zhang congratulated Sri Lanka for the end of the civil war, as well as the steady progress in rebuilding and social-economic development.He said China hopes to continue to increase friendly exchange between the two countries and enhance cooperation in the areas of infrastructure, industry, communication, energy, education, culture, tourism, among others.Zhang also proposed the two countries to enhance multilateral cooperation in the international arena to protect the just rights and interests of the developing nations.They also witnessed the signing of several economic and commercial cooperation agreements after their talks.Sri Lankan speaker Chamal Rajapaksa held talks with Zhang earlier on Friday.The Chinese vice premier arrived in Colombo Thursday night for a three-day visit to Sri Lanka, the second stop of his four-nation tour which will also take him to Greece and Austria. He visited Pakistan before his arrival to Colombo.