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BEIJING, Sept. 17 (Xinhua) -- The People's Bank of China (PBOC), or the central bank, announced Friday it would continue the country's moderately easy monetary policy while making it better-targeted and more flexible in the coming months of this year.The PBOC made the announcement in its report on China's financial stability, which was released on the PBOC's website.The PBOC said in the next stage it needs to skillfully handle the relationship between maintaining steady and rapid economic development, restructuring the economy and managing inflation expectations.Chinese banks should continue supporting the country's economic restructuring, guard against risks, change profit structures, and improve the capital replenishing and restriction mechanism, the central bank said in the announcement.The announcement noted that local government debt was rising quickly, corporate liquidity was decreasing with a high current debt ratio, and credit card advances were increasing despite mounting financial assets held by residents and the low debt level.It said the global financial crisis had revealed limitations and gaps in the existing regulatory system. To prevent systemic risks, the central bank would combine macro and micro-prudential supervision in its policy package.

TIANJIN, Oct. 7 (Xinhua) -- China's top climate change official Thursday called for compromise from all parties to seek the biggest common ground during the UN climate talks while developed and developing countries remained divided on many issues.Parties at the talks should rebuild mutual trust and improve sense of responsibility as climate change is a global issue affecting every country, Xie Zhenhua, vice minister of the National Development and Reform Commission, told the press on the sidelines of a new round of UN climate talks held in Tianjin from Oct. 4 to 9."The best result of the global climate talks may be a solution that dissatisfies every one but is accepted by all," he said. "To reach the result, every party needs compromise and work to find the biggest common ground. If one country refuses to do anything and ask others to do many, this is definitely not acceptable."When asked about one of the most controversial issue on how to manage the fast start fund, Xie said, as a developing country, China is fully qualified to receive funds and technical supports from developed countries."But, provided that the amount of current fast start fund is much less than what developing countries need, China would not compete with those who need the money most such as the least developing countries and island countries," he said.Jonathan Pershing, who leads the U.S. negotiators at the Tianjin meeting, said on Thursday that there should be a differentiation between offering finance for developing countries as some countries clearly have enormous capabilities, even though they are listed in the developing country list, while some countries, although in the developing country list, have virtually no capabilities.Countries like China can do a great deal, and have made very clear that they intend to do a great deal, he told reporters."It (China) has made commitment that was made on a series of actions on intensity, on renewable energy and on forests that are examples of what a really powerful country with enormous commitment can deliver," he said.Xie Zhenhua said China will also provide as much assistance to these countries as it is able to, through South-South cooperation."We are not only saying it but have also begun doing it. In the past few years, we have provided training programs to people from least developed countries and worked with them in programs to cope with climate changes," Xie said.However, Xie strongly argued that developed countries should actually add new money in the fast start fund as a majority of current identified fast start fund was in fact included in the existing Official Development Assistance (ODA).

BEIJING, Sept. 24 (Xinhua) -- Premier Wen Jiabao's three-day U.N. visit this week has been fruitful as a major diplomatic effort at a time when new changes are emerging in the world economy and politics, Foreign Minister Yang Jiechi told reporters Friday.Wen was in New York from Tuesday to Thursday for the U.N. Summit on the Millennium Development Goals (MDGs) and the general debate of the 65th session of the U.N. General Assembly, a summit of the U.N. Security Council member states, and a high-level discussion panel on AIDS and MDGs. He also met with U.S. President Barack Obama on bilateral ties and regional and world issues, calling for more cooperation.Yang said Wen made the New York trip as the world economy stabilized and started to show improvement but the recovery remained unbalanced and was still not solid.The international community has, in general, made significant progress on meeting the Millennium Development Goals (MDGs), the minister said. he said, however, more imminent is the imbalance in international development and there are new challenges in international cooperation and development.The developing countries want more attention from the international community on the development issue, the minister said, and countries are ever more willing to promote peace, development and cooperation. They, he said, expect a greater role for the United Nations in safeguarding world peace, promoting mutual development and advancing international cooperation.Wen's trip also came at a time when there are some misunderstandings and misinterpretations about China, which had led the global economic recovery and was put in the global spotlight, Yang said.Wen's visit was also important given that the handling of ties between China and the United States, in particular the appropriate handling of the differences and the advancing of mutual trust and cooperation, is of great importance to the health of their bilateral relations, the foreign minister added.PRESENTING CHINA AS IT ISPremier Wen tried to present China as it is at the U.N. meetings, the welcome banquet in his honor organized by friendly organizations, meetings with foreign leaders and guests, and in media interviews.The premier was sincere and objective about the true condition, challenges and development strategy of China. He made it clear that there had been no change to the fundamental fact that China remains a developing country and that it will stick to the policy of reform and opening up to the outside and the long-term pursuit of peaceful development, Yang said.It is widely agreed, Yang said, that Premier Wen responded with clear and definitive answers to questions about the developing country status, development strategy and international role of China.His words had been sincere and his arguments convincing, helping the international community better understand China as it is and increasing their confidence in the country, Yang said.ADVANCING MDGS FULFILLMENTAddressing the U.N. summit on MDGs, Premier Wen introduced China's achievement in fulfilling the MDGs in slashing poverty and promoting cooperation among developing countries.He laid out a package of proposals to further advance the fulfillment of the MDGs, calling on the international community to prioritize African development and poverty alleviation, as well as promoting U.N.'s leading role in international cooperation.Wen pledged to help developing nations with improving their livelihoods, reducing or erasing debts, enhancing links in such fields as finance, economy and trade, agriculture and human resources training.He announced China will, on top of previously pledged assistance, provide an additional 200 million U.S. dollars in aid to flood-stricken Pakistan.The premier also witnessed the signing of a memorandum of understanding on boosting cooperation between China and the U.N. Development Program (UNDP).As most countries believe, despite all kinds of difficulties, Yang said, China has made positive contributions to achieving the MDGs. China's economic and social progress would certainly encourage other developing nations. In the eyes of the world, China always keeps its promises by taking substantial, sincere and selfless measures.Premier Wen's presence at a U.N. panel on AIDS, the first appearance of senior Chinese leadership to such gatherings, has demonstrated a China that is open, self-confident, emphasizing human dignity, social justice and harmony, as well as balanced development, Yang said.While meeting with the U.N. Secretary General Ban Ki-moon, Wen said China pledged to play a more active role in U.N. affairs in various sectors and to strengthen its partnership with the U.N.PROMOTING PEACE AND STABILITYAttending the U.N. Security Council meeting, Wen presented China's views on world security, and expressed China's willingness to continue supporting the U.N.'s leading role in safeguarding international peace and security.

LISBON, Nov. 6 (Xinhua) -- Visiting Chinese President Hu Jintao and his Portuguese counterpart, Anibal Cavaco Silva, agreed on Saturday to further deepen the comprehensive strategic partnership between their countries.Both China and Portugal boast ancient civilizations and have made great contributions to human progress, Hu said during a meeting here with Silva, noting that the smooth settlement of the Macao issue has set an example for other nations to tackle outstanding historical disputes.The two countries suffer no conflict of fundamental interests, their peoples cherish friendly feelings toward each other, and their relations have been growing steadily, he added.Development of bilateral ties since Beijing and Lisbon established diplomatic relations 31 years ago has demonstrated that the two sides should treat their relationship from a strategic and long-term perspective and stick firmly to the right direction for its further advancement, Hu said.Both countries should also understand and support each other's major concerns and enhance mutual political trust, while further expanding practical cooperation in various fields on the basis of mutual benefit and win-win progress to consolidate the foundation of their relations, he added.The Chinese side, Hu stressed, appreciates Portugal's adherence to the one China policy and its efforts to promote relations between China and the European Union (EU).Silva, for his part, welcomed Hu's visit, and hailed the time-honored ties between Portugal and China, which he said were based on mutual respect.The successful settlement of the Macao issue has created favorable environment for Macao's social and economic development, he said.