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BEIJING, May 31 (Xinhua) -- The People's Bank of China (PBOC), China's central bank, issued a circular Monday requiring banks to curb lending to energy-intensive industries, a move echoing government energy-saving and pollution-reduction measures.Banks must strictly review loan applications from companies in energy-consuming industries, the circular said, adding that only bank headquarters can extend loans to finance capacity expansion projects in energy-guzzling sectors.It also banned new credit to any projects not complying with government energy-saving policies.According to the circular, banks should conduct an overall review of loans to energy-intensive industries and report the results to the central bank by the end of June.The State Council, China's Cabinet, urged in early May all government departments make efforts to cut emissions and conserve energy to meet the country's target set in the 11th Five-Year Plan (2006-2010), according to which China will cut its per unit GDP energy consumption by 20 percent compared with 2005 levels by the end of 2010.

BEIJING, June 1 (Xinhua) -- China has promising growth prospects and should not be blamed for world imbalances, says Danny Quah, a renowned British economist."Emergency financing that was placed in the Chinese economy to counter the downturn from the 2008 global financial crisis was the right thing...The imbalances is a global problem, not a China problem," said Quah, a professor at the London School of Economics and Political Science.China did the right thing in infusing its economy with fiscal stimulus, Quah said in a recent interview with Xinhua.He also declined to describe the ballooning real estate prices as a bubble, pointing out "the strong fundamentals" of China's economy.He said the expansion of China's housing construction will be proved useful eventually, given the fact that "China is still engaging in the task of moving hundreds of millions of people from rural areas to urban China to continue to power its manufacturing and industrial progress.""So I would not describe it as a collapse of real estate bubble, we can look forward to a rationalization of housing and real estate prices," Quah said. "The improvement and expansion of housing stock will play an important role in continuing to move the Chinese economy forward.""I think Chinese fundamentals will continue to be strong. And a little bit of high inflation, as long as it doesn't break out into some kind of runaway high inflation, is probably no bad thing," he said. "We will get it under control again as the Chinese government did previously."On allegations that China deliberately keeps its currency RMB weak to obtain unfair advantages in trade with countries like the United States, Quah said people who draw such a false conclusion are misguided."The United States is running a trade deficit not just against China. It is running a trade deficit against almost 100 other countries," he said. "China is not unique in how it is exporting more to the United States than it's importing."The U.S. government was beginning to run a large trade deficit long before China's trade surpluses started grow, he added."If you take the ratio of China's bilateral trade surplus against the U.S. as a fraction of the U.S.' overall bilateral trade deficit against all of the countries, it has remained constant over the last 15, 20 years," Quah said.

BEIJING, April 22 (Xinhua) -- Foreign leaders and heads of international and regional organizations continued to send condolences to China on Wednesday and Thursday over the strong earthquake that hit Yushu County in northwest China's Qinghai Province on April 14.King of Thailand Bhumibol Adulyadej, Princess Sirindhorn, Prime Minister Abhisit Vejjajiva conveyed deep condolences to the victims, their families and the Chinese people, and wished that the injured recover soon.King of Saudi Arabia Abdullah Bin Abdul-Aziz, Crown Prince and Vice Prime Minister Sultan Bin Abdul-Aaziz sent their sincere condolences to the Chinese people.Israeli President Shimon Peres expressed sincere condolences and sympathy to the Chinese people, especially to the families of the victims. He said he believed China would overcome the disaster soon.Turkish President Abdullah Gul expressed deep sorrow over the huge casualties in the quake. He also offered condolences to the families of the victims and wished the injured a quick recovery. Gul said that the Turkish people would like to share the sorrow of the Chinese people.Maldivian President Mohamed Nasheed expressed great sorrow over the huge casualties in the earthquake, and conveyed deep sympathy to the people affected by the quake. He also sent his sincerest condolences to the families of the victims.Singapore's Senior Minister Goh Chok Tong sent condolences to the Chinese people.Marzuki Alie, speaker of the House of Representatives of Indonesia, expressed condolences to the victims and the Chinese people.Ethiopian President Girma Wolde Giorgis expressed great sorrow over the huge casualties in the earthquake and sent deep sympathy and condolences to the Chinese people and the families of the victims. He said he firmly believes that the Chinese people would overcome the disaster under the leadership of their government.Tanzania President Jakaya Mrisho Kikwete sent condolences to the victims and sympathy to the families affected by the quake.Tunisian President Zine Al-Abidine Ben Ali expressed sincere condolences and deep sympathy to the Chinese people.Jose Maria Pereira Neves, the prime minister of Cape Verde, and the president of the country's National Assembly, Aristides Raimundo Lima, conveyed deep condolences to the victims, their families and the Chinese people.Pakalitha Mosisili, prime minister of Lesotho, sent his deepest condolences to the victims of the earthquake and wished the injured a quick recovery.Guinea Parliament Speaker Bissau Raimundo Peireira expressed sincerest condolences to the families of the victims.Polish Prime Minister Donald Tusk and Vice Prime Minister Waldemar Pawlak conveyed their deepest sympathy and sincerest condolences to the families of the victims. They said that the Polish and Chinese people were sticking together at the moment.Juan Somavia, director general of the International Labor Organization,sent condolences to the victims and sympathy to the people affected by the earthquake.Edouard Dayan, the director general of Universal Postal Union's International Bureau, expressed sympathy to the Chinese people.Thai Foreign Minister Kasit Piromya, Secretary of Foreign Affairs of the Philippines Alberto Romulo, and Malta's Minister of Foreign Affairs Tonio Borg sent messages of condolence to their Chinese counterpart Yang Jiechi.

PYONGYANG, April 3 (Xinhua) -- The Democratic People's Republic of Korea (DPRK) top leader Kim Jong Il hosted a dinner party on Saturday for new Chinese ambassador Liu Hongcai, Chinese embassy diplomats and the visiting Chinese Tianjin Women's Volleyball Team.The Workers' Party of Korea (WPK) Central Committee Secretary Kim Ki Nam said in his address the traditional DPRK-China friendship, which was fostered by the elder generations of the two countries' leaders, had developed to new levels under the guidance of WPK General Secretary Kim Jong Il and Communist Party of China (CPC) Central Committee General Secretary Hu Jintao.Liu said China wanted to make more effort with the DPRK side for continuous consolidation and development of the China-DPRK friendship and cooperation.WPK Central Committee Secretary Choe Thae Bok, DPRK Foreign Affairs First Vice-Minister Kang Sok Ju and other major WPK and DPRK military officials were present at the party, at which the Chinese and DPRK sides sang national songs.Before the party, Choe, Kim Ki Nam and Liu watched a friendly match between the Tianjin volleyball team and the 4.25 Women's Volleyball Team of the DPRK.

TAIPEI, April 26 (Xinhua) -- Luo Qingquan, Communist Party of China (CPC) chief in central China's Hubei Province, left Taiwan Monday with a one-thousand-strong delegation after an eight-day visit to the island, expressing confidence in the peaceful development of cross-Strait relations."The visit was very smooth and fruitful... I'm expecting Hubei and Taiwan to carry out more exchanges and boost cooperation," Luo said as he departed the island.Luo's delegation arrived here on April 19 for a Hubei-Taiwan cultural festival filled with exhibitions, forums and performances featuring Hubei culture.Luo said the two regions reached a consensus on exchange and cooperation in economic, scientific, technological and cultural fields.He noted Taiwan's advanced farm-products processing technology could be well applied in Hubei, a province rich in agriculture.During the trip, the delegation also visited medium- and small-sized companies, farm and schools in Taipei, Taichung, Yunlin and Hsinchu.The Hubei-Taiwan festival has been held in Hubei's capital Wuhan six times since 2004. It was the first time the event was held on the island.The Chinese mainland and Taiwan have been recently intensifying their exchanges, especially high-level visits to the island by mainland delegations, which is seen as a sign of increasingly solid relations.Earlier this month, a municipal government delegation of about 260 people headed by Shanghai mayor Han Zheng visited the island to promote the upcoming Shanghai World Expo.During the trip, several Shanghai companies and Taiwanese counterparts signed 28 agreements on long-term exchanges and short-term purchases, along with agreements on investments in finance, chemical materials, steel, tourism, intellectual property rights and farm products, among others.

来源：资阳报