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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.

DAVOS, Switzerland, Jan. 28 (Xinhua) -- Chinese Vice Premier Li Keqiang on Thursday called for international efforts to promote the sound recovery and sustained development of the world economy in the post-crisis era.In a keynote speech delivered at the annual meeting of the World Economic Forum in the eastern Swiss ski resort of Davos, Li said the theme of the meeting "Rethink, Redesign, Rebuild" embodies the spirit of cooperation and innovation to discuss means of world economic development in the post-crisis era.He introduced the measures China had taken to deal with the international financial crisis, its achievements and China's intended follow-up economic policies.The vice premier said the crisis did not change the fundamentals and long-term positive trend of China's economic development.Chinese Vice Premier Li Keqiang delivers a speech in the annual meeting of the World Economic Forum (WEF) in Davos, Switzerland, Jan. 28, 2010"Last year, we acted with resolve and confronted challenges head-on, and succeeded in ensuring steady and fast economic growth. As we draw plans for this year, we are confident that we can stay on top of the complicated situation and maintain steady and fast growth of the Chinese economy," said Li."Looking ahead, we are well positioned to achieve long-term, fast and steady economic growth."China needs to follow a scientific outlook on development -- accelerating essential transformation of economic growth pattern, intensifying strategic adjustment of economic structure and endeavoring to explore new development models, he told the world's leading business executives and political leaders.As a responsible and big developing country, China will stick to its unswerving path of peaceful development and mutually beneficial opening-up strategy, work together with other countries to promote the building of a harmonious world with sustained peace and common prosperity, he said.The international community had scored initial achievements by working together to cope with the financial crisis, which struck over a year ago, he said.Countries, whose fates are closely connected with each other, should further share responsibility and enhance cooperation under the complicated situation.Chinese Vice Premier Li Keqiang delivers a speech in the annual meeting of the World Economic Forum (WEF) in Davos, Switzerland, Jan. 28, 2010. Li laid out a five-point proposal regarding world economic recovery and sustained development in the post-crisis era."First, we should continue to work together and prevail over the crisis. In a globalized world, the economies of all countries are interdependent and mutually reinforcing," said the Chinese vice premier.The policies of one country can well impact those of others. Only when global economic recovery is achieved can the recovery of national economies be secured, he said.The recent concerted responses by various countries have reduced the severe impact of the international financial crisis and prevented the occurrence of a serious recession, he said.The crisis is not over yet and the foundation for economic recovery is still weak. Continued cooperation among countries is needed to avoid twists and turns and reduce risks in the course of recovery, said Li."Second, we should promote more open market," Li said. The international community should firmly fight protectionist practices, translate commitments into real actions and continue to advance trade and investment liberalization and facilitation, he added."Third, we should promote balanced development of the world," said Li. Efforts should be made to strengthen South-South cooperation and North-South cooperation, improve international mechanisms to promote balanced development, scale up assistance to developing countries and realize the UN Millennium Development Goals on schedule so as to deliver the benefits of development to people in all countries."Fourth, we should jointly tackle major challenges. This is our urgent task if we want to ensure sound recovery and sustained development of the world economy," he said.The international community should coordinate actions to meet global challenges like climate change, energy security, food security, public health security and major natural disasters, he said."Fifth, we should improve the structure of global governance," Li said. It is universally recognized that there is a need to improve current structures and develop a more fair and efficient structure of global governance that reflects changes in the global political and economic landscape.The principle of equal participation and inclusive cooperation should be followed in improving global governance. It is imperative to raise the voice and representation of developing countries, said Li.Chinese Vice Premier Li Keqiang delivers a speech in the annual meeting of the World Economic Forum (WEF) in Davos, Switzerland, Jan. 28, 2010A country's right to choose its own development model should be respected, and the primary role of the United Nations and relevant agencies and the constructive role of the Group of 20 should be given a better play, he said.

URUMQI, March 2 (Xinhua) -- Senior Chinese leader Zhou Yongkang has revealed that the government is preparing measures to boost the economic and social development of the northwestern Xinjiang Uygur Autonomous Region.Zhou, a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, made the remarks during a four-day inspection to the region that ended on Sunday.Zhou mingled with local cadres, teachers and residents when visiting Kashi Prefecture, Urumqi, the regional capital, and Shihezi City. He stressed the issues of housing, education and employment should be appropriately resolved to ensure social harmony. Zhou Yongkang (R Front), a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, chats with residents in Kashi, northwest China's Xinjiang Uygur Autonomous Region, Feb. 25, 2010. Zhou made an inspection tour in Xinjiang on Feb. 25-28.He told two separate symposiums in Kashi and Urumqi that the CPC Central Committee would hold a meeting in the first half of this year, at which major decisions would be made to boost Xinjiang's development and enhance its stability.Zhou said development should benefit people of all ethnic groups in the region.

SANYA, Hainan, March 21 (Xinhua) -- A senior official with the United Nations World Tourism Organization (UNWTO) said Sunday China is expected to become the world's largest tourist destination by 2015."China, as we predict, is going to become the world's No. 1 tourist destination by the year 2015," said Taleb Rifai, secretary general of the UNWTO."China is almost there. It is now the world's fourth largest destination when it comes to incoming tourists, and the rates of growth are moving so quickly that we think this is a realistic target," Rifai said.France is currently the country receiving the most international tourists, at 80 million per year, followed by the United States and Spain, both at 60 million a year, while China has about 48 million, he said."China's tourism economy has moved incredibly in the last ten years. The number of incoming tourists rose from 8 million to 48 million. The potential of the growth is still big because of the size of China," Rifai said.Rifai said the global tourism industry is improving but challenges remain due to the weak economy."The tourism industry has to follow and is very much affected by the general economic situation, and for sure the general economic situation has started to turn around. But we cannot call it a full recovery at the moment," he said.

BEIJING, Feb. 9 (Xinhua) -- Senior Chinese leader He Guoqiang has stressed the country's determination and efforts in fighting corruption in a lengthy report published Tuesday, saying current anti-graft situation was still "grave.""While fully acknowledging the achievements, we should see clearly that many problems still exist in our fight against corruption... the situation is still grave and the task is arduous," He said.He, a member of the Standing Committee of the Communist Party of China (CPC) Central Committee Political Bureau, noted that the main missions for the new year included intensified crackdown on cases concerning officials' power abuse, embezzlement, bribery and dereliction of duty.He said the country would also step up campaigns against officials' extravagant behaviors in the new year.Figures from the report show that local party and government departments saved a total of 15.8 billion yuan (2.31 billion U.S. dollars) by reducing expenses in travels, vehicles purchase and food and accommodation.Party and government officials' spending on overseas business trips dropped 37.6 percent compared with the average figure of the past three years.Also, as of November, a total of 22,884 "small coffers" illegally held by Party and government officials worth 10.16 billion yuan (1.49 billion U.S. dollars), had been uncovered since a campaign was launched in last June.He also urged improving the regulations on party members and officials' declaring personal information for the country's upcoming anti-graft moves, saying that housing, investment, employment of their spouses and children should also be included in the information list.He said that officials who refuse to declare their properties should be severely dealt with.The report was first delivered on Jan. 11 at a plenary session held by the Communist Party of China (CPC) Central Commission for Discipline Inspection (CCDI), the party's internal anti-graft body.He, head of commission, urged officials to carefully study and implement President Hu Jintao's speech on anti-corruption at the meeting.Hu said at the session that efforts should be made to investigate cases of power abuse, corruption and embezzlement as well as dereliction of duty.Hu pledged to push forward the construction of anti-corruption procedures, with confidence, determination, forceful measures and a solid working style.