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BEIJING, May 11 -- China's monetary authorities are struggling to address conflicting policy goals, but inflation will remain the top policy concern, the country's central bank governor said on Saturday. While the United States and other countries are more focused on fending off a recession, China's monetary policy must target inflation over growth and employment, Zhou Xiaochuan, the People's Bank of China governor, told a forum in Lujiazui, Shanghai's financial center. "There is no cure-all medicine, and we have to make the final decisions -- everyone hopes there would be a cure-all solution, but there is not," said Zhou. China's consumer price inflation would likely to rise to 8.5 percent in April from 8.3 percent in March, two sources familiar with the data said late on Thursday. The data, which is subject to last-minute revisions, will be officially released on Monday. Zhou Xiaochuan, governor of the People's Bank of China, addresses the Lujiazui Forum 2008 in Shanghai, east China, May 10, 2008. Heads of the People's Bank of China, the country's central bank, the Securities Regulatory Commission, the Banking Regulatory Commission and the Insurance Regulatory Commission all attended the two-day financial forum, opened on May 9. Lujiazui is the name of Shanghai's financial district. Meanwhile, the government said on Friday that China's producer price index, or factory-gate inflation, hit a three-year high of 8.1 percent in April, showing a sustained build-up in pressures on consumer price inflation. Zhou listed development of financial institutions and the imbalance in global money transfers as other issues that China's monetary policy may have to target. He said China needs to reduce the savings ratio as the fundamental way to address its over-reliance on trade, which now accounts for more than 60 percent of its annual GDP, but he did not elaborate on possible specific measures. On other issues, Zhou said Beijing has yet to reach a consensus over how to develop a properly functioning domestic bond market. Disputes remain about market infrastructure, the regulatory framework as well as laws and regulations, Zhou said.
BEIJING, Oct. 12 (Xinhua) -- China's quality watchdog said here on Sunday that the latest tests on Chinese milk powder found no traces of melamine. It was the fourth round of tests for the industrial chemical since the breaking of the tainted baby formula scandal that left at least three infants dead and sickened more than 50,000 others, according to the General Administration of Quality Supervision, Inspection and Quarantine. The tests covered 39 batches of baby formula from 10 brands in six provinces and 133 batches of other milk powder from 45 brands in 18 provinces, the agency said. So far, 499 batches of baby formula from 53 brands and 709 batches of other milk powder from 142 brands produced after Sept. 14 have been tested and none contained melamine, it added. Melamine, often used in the manufacturing of plastics, was added to sub-standard or diluted milk to make the protein levels appear higher.

BEIJING, Aug. 15 (Xinhua) -- Chinese Vice Premier Li Keqiang met here Friday with Thai Deputy Prime Minister Sanan Kachornprasart, vowing to deepen strategic cooperation between the two nations. China and Thailand are good neighbors with comprehensive common interests, Li said, noting that the two nations enjoy high-level political mutual trust, increasing cooperation in various fields and close coordination in international and regional affairs. Expressing appreciation for Thailand to value the relations with China, Li said China regards Thailand as close friend and creditable partner, and is ready to work with Thailand to achieve win-win development and to benefit the two peoples. Chinese Vice Premier Li Keqiang meets with Thai Deputy Prime Minister Sanan Kachornprasart at Great Hall of the People in Beijing, Aug. 15, 2008 Sanan spoke highly of the present situation of Thailand-China relations, saying that Thailand will make efforts to push forward the relations with China. Sanan was here on a visit to China for the Beijing Olympic Games.
LHASA, Oct. 11 (Xinhua) -- An earthquake followed by some 1,000 aftershocks has affected more than 60,000 people in the Tibet Autonomous Region this week, the local government said in a news conference Saturday. Since Monday's 6.6-magnitude quake struck Damxung County in Lhasa, more than 1,000 aftershocks have been monitored, including one that measured 5.4 on the Richter scale, said Gong Puguang, vice president of the regional government. 61,231 people in the region's capital have been affected and 989 houses collapsed, said Gong. More than 4,800 people have been relocated out of the quake zone. The quake-hit areas include Lhasa, Xigaze and Shannan regions, where 28 km of road and 11 bridges were damaged. So far, ten people have been confirmed dead. 54 others sustained injuries, one third of those injuries are serious. The central government allocated 10 million yuan (1.46 million U.S. dollars), 11,000 tents, quilts, and other quake relief materials to the affected area. The items were being distributed as traffic and telecommunication resumed in the area. The local government is evaluating economic losses from the disaster. Seismologists predict more aftershocks will hit the county but the force is unlikely to exceed 5.5 on the Richter scale. A doctor from the General Hospital of Tibet's Area Command of the People's Liberation Army (PLA) takes a medical examination for a resident suffered from earthquake in Yangyi Village of Gedar Township in Damxung County, an outer county of Lhasa, southwest China's Tibet Autonomous Region, Oct. 10, 2008. Li Suzhi, director of the General Hospital of Tibet's Area Command of PLA led a medical team to the disaster area at top speed to help local residents after a 6.6-magnitude earthquake occured on Oct. 6. So far, they have taken a total of 18 severely injured to the hospital, and treated 25 slightly injured in effect besides the appendicitis excision operation.
GUANGZHOU, April 20 (Xinhua) -- Three people were confirmed dead in mud flows and strong winds caused by Typhoon Neoguri in south China's Guangdong Province, said the provincial flood-control headquarters on Sunday. The typhoon claimed two lives in Shenzhen City, when a mud flow inundated a section of road under construction. One person was hit and killed by an aluminum sheet blown off a stadium roof by strong gales in Zhuhai City, according a headquarters official. The headquarters did not identify the victims. A jeep and a pedicab inch against water on the flooded road in Shandou City, south China's Guangdong Province, April 20, 2008. Typhoon Neoguri, the first of its kind hitting China this year, brought to Shantou City a heavy rainfall lasting for more than 10 hours on Sunday Neoguri hit south China on Saturday with heavy rains and strong winds. The headquarters received reports of damage from the cities of Yangjiang, Jiangmen, Zhuhai and Shenzhen. Vehicles inch against water on flooded roads in Shandou City, south China's Guangdong Province, April 20, 2008. Typhoon Neoguri, the first of its kind hitting China this year, brought to Shantou City a heavy rainfall lasting for more than 10 hours on SundayIn Yangjiang City, the typhoon's landing point, 274,000 people were affected and 7,000 hectares of farmland were inundated. Losses from suspension of industrial production and damage of embankments and telecommunications facilities were valued at 96 million yuan (14 million U.S. dollars). According to the provincial observatory, the center of the storm is moving eastward to Shanwei City on the eastern coast of Guangdong, which is receiving up to 112 millimeters of rain per hour. The headquarters said water levels in all major reservoirs in the province were under the danger mark as of Sunday. But the risks of mountain torrents and mud flows were still high, since rains brought by Neoguri were expected to continue.
来源:资阳报