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BEIJING, March 6 (Xinhua) -- A 17 percent year-on-year increase in China's broad money supply, and a target of 7.5 trillion yuan (1.1 billion U.S. dollars) for this year, indicated a relatively easy monetary policy, said Su Ning, deputy governor of the People's Bank of China, the country's central bank.Speaking on the sidelines of the ongoing annual session of the top legislature, the National People's Congress (NPC), Su said the 17 percent increase in the nation's broad money supply was larger than the combined increase of targeted GDP and CPI growth, which suggested an "easy" monetary policy."If M2 (the broad measure of money supply) growth is 2 to 3 percentage points higher than the combined growth of GDP and CPI, the monetary policy could be seen as easy," said Su.Chinese Premier Wen Jiabao said Friday, in the government work report submitted to the NPC, that China targeted an approximate 3 percent rise in consumer prices and 8 percent GDP growth this year.Su further believed the 17 percent increase in the broad money supply would be able to support the ongoing economic recovery throughout the country.China's financial institutions lent a record 9.6 trillion yuan in new yuan-denominated loans last year, almost double that of the previous year, to spur the economy amid the global downturn, but it was accompanied by soaring property prices and rising expectations of possible inflation.Su said the 7.5 trillion yuan in new lending this year should speed up completion of projects under construction, rather than support new projects.

BEIJING, March. 11 (Xinhua) -- China's consumer price index (CPI), a main gauge of inflation, rose 2.7 percent year on year in February 2010, the National Bureau of Statistics announced Thursday.Food prices went up 6.2 percent last month year on year, with non-food prices rising 1 percent from a year earlier.The figure was 1.2 percentage points higher compared with January.China's CPI ended nine months of decline in last November, up 0.6 percent.

BEIJING, Feb. 5 (Xinhua) -- The State Council of China Friday issued an urgent notice urging relevant departments and local authorities to settle pay disputes involving migrant workers as millions of them are heading home for lunar new year reunion.The notice asked local governments and relevant departments to prioritize in their work the settlement of migrant workers' back pay dispute with their employers.It underlined the construction industry where back pay disputes often happen.It also ordered local governments to improve the emergency management system to respond to possible mass incidents caused by pay disputes.Two migrant workers were stabbed to death by their employer over a pay dispute Wednesday in central China's Henan Province.The two men asked for wages on behalf of 17 fellow workers and got into a fight with their labor contractor after being told that their monthly payment had been docked by over 100 yuan (about 14.6 U.S. dollars), and then were stabbed in the neck with a fruit knife by the contractor.In China, millions of migrant workers from the countryside make their living in booming cities. Back pay to migrant workers has affected the income of the rural population for a long time and is considered a "chronic illness" undermining social stability.

SHANGHAI, Jan. 15 (Xinhua) -- Chinese President Hu Jintao Friday called on the Chinese people to pool their strength and resources to make sure the Shanghai World Expo a success.     With just 106 days to go before the Expo opening on May 1, Hu visited the Expo site Friday during an inspection tour in Shanghai.     "Hosting the World Expo is not only a significant event of Shanghai, but also of the whole nation," he said, noting it was both the responsibility of Shanghai and the whole country to hold a successful Expo. Hu Jintao (L front), general secretary of the Central Committee of the Communist Party of China, Chinese president and chairman of the Central Military Commission, shakes hands with workers and personnel who work for the construction of the Shanghai World Expo park in Shanghai, east China, Jan. 15, 2010. Hu Jintao paid a visit here to inspect the preparation of Shanghai World Expo on Jan. 15    He urged Shanghai to make "all-out efforts" to efficiently complete the preparations and be a good host.     He asked central government departments and local governments to take initiative and make concerted efforts in supporting the event. Hu Jintao (C), general secretary of the Central Committee of the Communist Party of China, Chinese president and chairman of the Central Military Commission, inspects the under-construction World Expo park in Shanghai, east China, Jan. 15, 2010. The Expo's organizing committee should enhance its leading role and supervision to push forward relevant preparatory work orderly, he said.     Hu put forward six requirements on the Expo's preparatory work:     - To ensure the Expo site's infrastructure building and exhibition arrangements be completed on time;     - To ensure sound service and logistics;     - Security should be fully guaranteed;     - Foreign affairs work, including receptions of international guests, must be well handled;     - To ensure efficient and effective publicity work;     - To create a civilized, happy and peaceful atmosphere.     Hu said though the Expo was a big challenge, he believed it would be a "successful, brilliant and memorable" event with the support of the Chinese people, especially the contributions of Shanghai officials and residents.     The Shanghai World Expo, which is expected to receive 70 million visitors, will last from May 1 to Oct. 31.     So far, 35 of the 42 self-built foreign pavilions have started interior decoration and exhibition arrangement, and 11 joint pavilions have been completed.

BEIJING, Feb. 10 (Xinhua) -- China's top legislature will convene its bimonthly session from Feb. 24 to 26, making a final preparation for an annual full session next month.According to a statement of a meeting, presided over by top legislator Wu Bangguo Wednesday, an important task at the three-day session late this month is to prepare for the upcoming Third Plenum of the 11th National People's Congress (NPC), scheduled to open on March 5.Lawmakers at the February session will deliberate a draft report on the work of the 11th NPC Standing Committee, the draft agenda of the third 11th NPC session, the draft of the name list for presidium and secretary-general, and the draft of the name list for non-voting delegates to the plenary session in March.They will also continue to review the draft law on mobilization for national defence, as well as a draft amendment to the law on keeping state secrets.The draft amendments to the Administrative Supervision Law and the Copyright Law will also be submitted by the State Council to the legislative session for discussion, according to the statement.They will also discuss a consular agreement with the Philippines and a report on the inspection of the enforcement of the Food Safety Law, as well as a motion regarding appointments and dismissals.

来源：资阳报