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BEIJING, May 31 (Xinhua) -- The People's Bank of China (PBOC), China's central bank, issued a circular Monday requiring banks to curb lending to energy-intensive industries, a move echoing government energy-saving and pollution-reduction measures.Banks must strictly review loan applications from companies in energy-consuming industries, the circular said, adding that only bank headquarters can extend loans to finance capacity expansion projects in energy-guzzling sectors.It also banned new credit to any projects not complying with government energy-saving policies.According to the circular, banks should conduct an overall review of loans to energy-intensive industries and report the results to the central bank by the end of June.The State Council, China's Cabinet, urged in early May all government departments make efforts to cut emissions and conserve energy to meet the country's target set in the 11th Five-Year Plan (2006-2010), according to which China will cut its per unit GDP energy consumption by 20 percent compared with 2005 levels by the end of 2010.
WELLINGTON, May 17 (Xinhua) -- Visiting General Guo Boxiong, vice-chairman of China's Central Military Commission, met Monday here with New Zealand Prime Minister John Key, and both sides pledged further efforts to promote military cooperation.Although China and New Zealand are far apart geographically, the two countries have been very friendly to each other, Guo said.Bilateral ties have developed rapidly with frequent high-level visits, enhanced cultural and humanitarian exchanges, and closer economic cooperation, Guo said.He also hailed the increase of two-way trade volume between China and New Zealand in the wake of the global financial crisis, and said that New Zealand was the first Western country to sign a free trade agreement with China.In recent years, the two countries have been developing their military-to-military relations in an active manner under the principles of mutual respect, mutual trust, equality and mutual benefit, said Guo, adding that exchanges were also held in such areas as group visits, negotiations and talks, as well as personnel training.

WASHINGTON, April 12 (Xinhua) -- China hopes various parties will continue to step up diplomatic efforts and actively seek effective ways to resolve the Iranian nuclear issue through dialogue and negotiations, Chinese President Hu Jintao said here Monday.During a meeting with his U.S. counterpart Barack Obama, Hu also said China and the United States share the same overall goal on the Iranian nuclear issue.Hu said China stands ready to maintain consultation and coordination with the United States and other parties within the 5-plus-1 mechanism, which includes the permanent UN Security Council members Britain, China, France, Russia and the United States and Germany, and in the United Nations and through other channels.Hu stated China's principled position on the Iranian nuclear issue, saying China is always committed to upholding the international nuclear non-proliferation regime and peace and stability in the Middle East.
BEIJING, June 4 (Xinhua) -- Chinese Premier Wen Jiabao on Friday sent a message to Naoto Kan to congratulate him on his election as Japanese prime minister."China and Japan are important close neighbors to each other and important countries in Asia and the world. The development of stable, long-term good neighborly relations between them is in the fundamental interests of the two countries and two peoples and is conducive to peace, stability and prosperity in Asia and the world at large," the Chinese premier said.Wen noted that his recent visit to Japan was a big success, which helped make new progress in the development of bilateral ties. He said China is willing to work together with Japan to implement in real earnest the important consensuses the two countries have reached and push forward the strategic relations of mutual benefit in line with the principles laid down by the four important political documents concerning bilateral relations.Kan was voted in as prime minister by the lower house of Japanese parliament on Friday afternoon to succeed Yukio Hatoyama.
BEIJING, May 14 (Xinhua) -- China's Vice Premier Li Keqiang Friday called for the development of a recycling economy to improve resource utilization efficiency and protect the environment.Developing a recycling economy was a significant mission for China, which urgently needed to change its economic growth mode of "high consumption, high pollution and poor recycling," said Li in an inspection tour to a state recycling economy pilot base under ChinaChem Group.Li said developing a recycling economy would help the enterprises improve product structures, fuel technology innovation and improve competitiveness. China's Vice Premier Li Keqiang (C) speaks during a meeting as he makes an inspection tour to a state recycling economy pilot base under ChinaChem Group in Beijing, China, May 14, 2010. Li Friday called for the development of a recycling economy to improve resource utilization efficiency and protect the environment.He called for a combination of resource conservation, environment protection and economic efficiency to cultivate emerging "green" industries.Authorities should transform traditional industries by promoting a clean, efficient and safe production, said Li.Li also called for more investment in recycling economy development, and implementation of supporting government fiscal, pricing and financial policies.
来源:资阳报