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BEIJING, Jan. 17 (Xinhua) -- The China Banking Regulatory Commission (CBRC) announced Monday that it will guide the nation's banks to a scientific pace of lending this year as it stressed bank loans should better serve the real economy.The CBRC said in a statement on its website that it will also expand and improve financial services in the country's rural areas and encourage banks to support borrowing activities from small-sized companies.The CBRC said it will carry out more studies in stepping up support for the country's affordable housing program, which aims to build 10 million affordable housing units for low and middle income residents this year.The commission also said it will continue to implement the differentiated home loan policy adopted last year, under which bank loans for third home purchases are suspended and down payments for all first-time home buyers are at least 30 percent of the purchase price, while second home buyers will have to pay an even higher amount of down payments, at 50 percent.Further, the CBRC said it would tighten controls over lending to local government's financing vehicles in order to ward off risks.Government data showed new yuan-denominated lending in China reached 7.95 trillion yuan (about 1.2 trillion U.S. Dollars) last year, overshooting the government's full-year target of 7.5 trillion yuan.
BEIJING, Jan. 18 (Xinhua) -- China's Ministry of Civil Affairs (MCA) channeled more than 1 billion yuan (about 151.8 million U.S. Dollars) raised by the lottery to public welfare programs in 2010, according to a statement issued by the MCA Tuesday.China's government-run lottery raised 30 billion yuan for public welfare funds in 2010, according to the MCA.Half of the funds were allocated to welfare projects administered by central authorities, including the MCA, and half to welfare projects organized by local governments.The quota for the MCA to use at its own discretion was 1.053 billion yuan, which was mainly directed for improving the welfare of the aged, the disabled, children, and those impacted by natural disasters.Of the 1 billion yuan, 604 million yuan went to providing care and rehabilitation to the aged and the disabled.Additionally, 417 million yuan went to welfare programs for children, including providing care and rehabilitation to disabled orphans, children suffering cerebral palsy, AIDS-impacted children, and providing shelters to homeless juveniles, among others.The rest of the fund went to government procurement of social services, and retrofitting incineration and burial infrastructures in the underdeveloped west and central regions.
NANJING, Dec. 18 (Xinhua) -- A kindergarten teacher who reportedly burned seven children using a hot iron on Tuesday has been detained for 10 days by police and fired from her teaching position in east China's Jiangsu Province, said local authorities on Saturday.The teacher, surnamed Yi, 30, of Banqiao Kindergarten of Xinghua City, said that "she did not know the iron was still hot when she used it to discipline the children," according to information released at a press conference held by the city government.The seven children were slightly burned on the face. The burns are expected to fade without treatment within two weeks and probably will not leave scars, according to doctors at Xinghua City People's Hospital.As of Saturday, two children had returned to class, one dropped out of this kindergarten, two remained at home resting and two are seeking treatment in east China's Shanghai Municipality, according to information released at the press conference.Further, the municipal police detained Yi for 10 days and fined her 500 yuan (75 U.S. dollars).The kindergarten owner apologized at the press conference and fired Yi.As for Yi's using an iron because she did not think the iron was still hot, many people did not believe this and posted threads online, such as "How could you still think the iron is not hot since you burned seven kids."But the police believe Yi did not foresee such consequences.Dai Yongjian with the city public security bureau, said the iron had been unplugged from the socket for over ten minutes before burning the children, according to Yi's co-workers."Yi had treated children well before the incident, according to our talks with the kindergarten owners, teachers and children' s parents," said Dai.The students' faces did not show any injuries until that afternoon, said Dai.Yang Qiuhong, mother of one injured child, named Wang Junhua, said , "I was angry at first, but now I forgive Yi and the kindergarten since Yi used to treat my child well and after this incident, the head of the kindergarten came to my home right away and took my child to the hospital."The police believed that Yi lacked necessary medical knowledge and did not seek treatment for the children immediately after their faces began to show signs of being burned.Yi was said to "regret her actions very much", according to Wu Gang, deputy chief of the municipal Education Bureau.Yi does not have a preschool teacher certificate, which is quite common in Xinghua City, since only 40 percent of the 1,600 kindergarten teachers have such certificates, said Wu.According to the regulation issued by the Jiangsu Provincial Government, such a certificate is required for some kindergarten posts, such as the head of the kindergarten and medical personnel. Others have to acquire such certificate within three years after working at a kindergarten.Banqiao Kindergarten is a private school established in 2000.Also, Banqiao Kindergarten is a popular kindergarten and many parents line up to have their children enrolled there, said Wu.
BEIJING, Dec. 6 (Xinhua) -- A senior official of China's National Energy Administration (NEA) encouraged Chinese firms to invest in the renewable energy market of the United States to boost their competitiveness in the international market.The statement was made by Wang Jun, head of the department of new energy and renewable energy at the NEA, during the wind power section at the China-US Renewable Energy Investment Forum, also attended by officials from the U.S. Department of Energy and the Department of Commerce."While a number of U.S. companies are establishing firms manufacturing wind turbines, bearings and current converters, thus making China an important part of their global business, the U.S. wind power market remains relatively unknown to Chinese firms," said Wang.He noted that the U.S. wind power market has great potential but is short of funding in the wake of the international financial crisis. However, there remains opportunities for many Chinese wind power enterprises with strong expertise and funding.Wang also identified the lack of knowledge about rules for operating in the U.S. market rules, regulations, policies and financing channels about renewable energy investment, as barriers for Chinese firms to enter the U.S. market.
BANGKOK, Nov. 10 (Xinhua) -- Visiting Chinese top legislator Wu Bangguo announced here Wednesday that China will provide 10- million-yuan in cash aid to flood-hit Thailand. "China decided to offer Thailand a humanitarian emergency aid worth 10 million yuan and stood ready to provide other help,"Wu said in a meeting with Thai Prime Minister Abhisit Vejjajiva.At least 181 people in Thailand were killed in nationwide floods that hace stricken the country since Oct. 10. "We are convinced that Thai people, under the leadership of Thai government, would definitely overcome disasters," said Wu, chairman of the Standing Committee of the National People's Congress, the country's top legislature.Abhisit thanked the Chinese government and people for offering generous support to disaster-devastated Thailand.Wu Bangguo (L), chairman of the Standing Committee of the National People's Congress of China, the country's top legislature, meets with Thai Prime Minister Abhisit Vejjajiva in Bangkok, capital of Thailand, Nov. 10, 2010.Wu arrived in Bangkok Wednesday afternoon for an official visit to Thailand as the guest of the President of the National Assembly of Thailand Chai Chidchob. "My visit here is aimed at seeking bolstering friendly China- Thailand relations to a new high," Wu told Abhisit.Wu appreciated Thai royal family, government and parliament's adherence to the one-China policy and their support for China on issues concerning Taiwan, Tibet and Xinjiang Uygur autonomous region.To consolidate bilateral ties, Wu proposed the two countries maintain high-ranking officials' exchanges of visits and deepen political trust.On a free trade agreement between China and the Association of Southeast Asian Nations (ASEAN) took effect at the start of this year, Wu said the two countries should make best of the free trade area and expand cooperation in traditional fields of trade, agriculture and tourism."Priority should be given to cooperation in infrastructure, new energy, high-technology, particularly in investment, big projects and businesses," Wu said.