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BEIJING, Aug. 23 (Xinhua) -- The Chinese government Monday strongly condemned the hostage-taking of Chinese tourists by a former police officer in Manila and demanded the Philippine government thoroughly investigate the incident. A bus with 21 Hong Kong tourists aboard was hijacked in the Philippine capital of Manila Monday morning. After negotiations, six hostages were freed. On Monday night, Philippine police launched a rescue operation and a number of hostages were killed and injured.In a press release, the Chinese Foreign Ministry said Foreign Minister Yang Jiechi had telephoned his Philippine counterpart Alberto Romulo on the hostage-taking incident.During the conversation, Yang said the Chinese government had been highly concerned over the incident and had asked the Philippine government to spare no efforts in carrying out the rescue operation under the prerequisite of guaranteeing the safety of hostages.Yang said that the Chinese government was shocked about the incident, deplored the slaying of Hong Kong tourists, and strongly condemned the brutality against innocent tourists.The Chinese government demands the Philippine government launch a thorough investigation into the incident and inform the Chinese side of related details as soon as possible, he said.The Chinese government also demands the Philippine government do all it can to save the injured hostages and properly handle the remaining problems of the incident, Yang said.
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.

HEFEI, July 11 (Xinhua) -- More than 4,200 people have been removed after flood-hit dykes of a river in Anhui Province suffered breaches, the local government said Sunday.Bainian river that flows across Anqing and Tongcheng cities reported five minor dyke breaches between 10 a.m.to 11:30 a.m. Sunday, forcing the evacuation.The people have been sent to safe places and no casualties have been reported so far, according to the flood-control and drought-relief headquarters of Anhui.Water levels in some rivers and lakes have exceeded the warning lines since July 8 when heavy rains began to pound the province.Rainstorms have disrupted the lives of more than 2 million people in 29 counties across Anhui Province since July 8.Rainstorms have disrupted the lives of more than 2 million people in 29 counties across Anhui, forcing more than 8,100 residents to be removed to safe places.Initial investigations showed more than 1,800 houses collapsed and some 10,000 were damaged by downpours, which incurred 500 million yuan (73.8 million U.S. dollars) in direct economic losses.A total of 14.92 million people in 10 provinces and regions along China's longest river, the Yangtze, have had their lives disrupted after torrential rains began pounding since July 8, a statement from the Office of State Flood Control and Drought Relief Headquarters (SFDH) said Sunday.China's Central Meteorological Station warned Sunday that rainstorms would again batter many provinces and regions in the coming days bringing with it bigger risks of new flooding and other geological disasters in central and eastern China.From Monday until Wednesday, the observatory forecast some regions in provinces including Guizhou, Hunan, Hubei, and Anhui will see heavy rain.Eastern Jiangsu, Zhejiang, Jiangxi, central Henan, Chongqing and Shanghai will also see rainstorms during the next three days.
MOSCOW, Aug 20 (Xinhua) -- Trade between China and Russia has returned to the fast track in 2010, as bilateral trade volume reached 30.7 billion U.S. dollars from January to July, Russian and Chinese officials said here Friday.That represented a 49.6-percent increase year-on-year, the officials said at the 13th meeting of the Russia-China inter-governmental trade commission, which was co-chaired by Russia's Economic Development Minister Elvira Nabiullina and her Chinese counterpart Chen Deming.Mutual investments also surged this year, as Chinese direct investment to Russia jumped 58.5 percent during the first half of 2010 and the Russian investment to China up 18.3 percent, they said.Russia is interested in continuing cooperation in such areas as electric power, nuclear energy, logistic infrastructure, Nabiullina said.Chen said Chinese companies are willing to increase investment in Russian enterprises and to take part in their infrastructure construction.He noted that China would take active measures to promote the import of Russian mechanical and electrical products, and also hopes that in return Russia will open its market to more Chinese cars.During the meeting, chambers of commerce and companies from the two countries inked several cooperation agreements.
BEIJING, July 11 (Xinhua) -- Li Changchun, a senior leader of the Communist Party of China (CPC), on Sunday night called for more quality shows from private arts troupes to contribute to the development and the prospering of the country's socialist culture.Li, a member of the Standing Committee of the Political Bureau of the CPC Central Committee, made the remarks after watching a Shaoxing opera that ended the three-week show season by China's private arts troupes in Beijing.Shaoxing opera is a traditional Chinese local opera originating in east China's Zhejiang Province.Li stressed that privately-owned arts troupes can survive only when their plays satisfy the market and the public.He said he hoped private arts troupes would produce more competitive shows with a positive and healthy theme and grow stronger by winning public support.Private arts troupes must be treated equally in terms of professional evaluation, social security coverage and support of artistic creation as are those state-owned cultural companies, he said.
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