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BEIJING, Feb. 4 (Xinhua) -- Chinese and overseas reporters are invited to cover the upcoming annual sessions of the National People's Congress (NPC) and the Chinese People's Political Consultative Conference (CPPCC).     The 2nd session of the 11th National People's Congress and the 2nd session of the 11th National Committee of the CPPCC are to be convened on March 5 and March 3 in Beijing respectively, announced the general offices of the NPC Standing Committee and the CPPCC National Committee.     A media center will be opened on Feb. 26 for the two meetings at the Media Center Hotel to serve the needs of journalists, the offices said.     Chinese and resident foreign reporters should submit their applications for reporting passes before March 5 to the media center while foreign reporters temporarily in China for the "two sessions" should apply at Chinese embassies or visa organizations authorized by the Ministry of Foreign Affairs.     The Hong Kong and Macao offices of the China Travel Services are authorized to handle applications from Taiwan reporters.     Reporters from Hong Kong and Macao should apply at the central government's liaison offices in the two special administrative regions.     Two websites were opened Wednesday to help domestic and overseas journalists report the "two sessions" as the country's top-level political events are drawing near.

BEIJING, April 11 (Xinhua) -- Credit extended by China's banks in the first quarter hit 4.58 trillion yuan (670 billion U.S. dollars), the People's Bank of China (PBOC) said Saturday.     In March alone, new yuan-denominated loans increased 1.89 trillion yuan. It was the third straight month that new loans exceeded 1 trillion yuan.     "It is not beyond market expectations. The increase was boosted by the 4-trillion-yuan stimulus plan and showed the possibility of a faster economic recovery in China compared with other countries," said Zhang Qizuo, vice director of China International Economy Society.     Premier Wen Jiabao said on March 5 at the opening of the annual session of the National People's Congress, China's legislature, that new yuan-denominated loans this year were expected to reach 5 trillion yuan.     Historical data show the first-quarter bank credit usually accounts for more than 60 percent of the year's total.     "There is a time lag between the credit increase and actual use of capital, but the big increase will surely lay a solid foundation for the recovery of the real economy," said Zhang.     In the first quarter, the central bank withdrew 47.3 billion yuan from circulation, 78.5 billion yuan more than the same period of last year.     "The increase in currency withdrawal from circulation showed the central bank was carefully watching the credit growth," said Yuan Gangming, an economist with Tsinghua University.     Zhuang Jian, an economist at the Asian Development Bank, said the regulators should pay attention to the quality of new loans and prevent bad loans.     By the end of February, non-performing loans by Chinese banks totaled 1.53 trillion yuan, 17.5 billion yuan less than the start of the year.     The structure of credit growth was also improving. The proportion of bill financing fell to about 22 percent in March from 47 percent in February, though still much higher than the average of 5 percent.     "The decline in bill financing is a good sign. It means company activities are increasing and the credit's impact on the economy is strengthening," said Zhuang.     Through March, the M2 figure -- a broad measure of money supply,which covers cash in circulation and all deposits -- grew 25.5 percent from a year earlier to 53.06 trillion yuan.     The narrow measure of money supply, M1 (cash in circulation pluscorporate current deposits), was up 17.04 percent year on year to 17.65 trillion yuan.     "The fast rebound of M2 indicates China's liquidity is abundant. This is very important to the economic recovery. The sharp rise of M1 shows companies are increasing spending on investment and management." said Zhang Bin, an economist with Chinese Academy of Social Sciences.

BEIJING, March 15 (Xinhua) -- China's advertisement sector generated 189.96 billion yuan (27.78 billion U.S. dollars) of revenue in 2008, up 9.11 percent over the previous year, China's State Administration for Industry and Commerce (SAIC) said Sunday.     The revenue from TV commercials reached 50.15 billion yuan, an increase of 13.22 percent over the previous year. It accounted for26.4 percent of the total, the largest share of the market.     Income from newspaper advertisements rose 6.36 percent from a year ago to 34.27 billion yuan in 2008.     The number of foreign-funded advertisement companies in China soared 27.73 percent from the previous year to 737 by the end of 2008, which accounted for 0.4 percent of the total advertisement firms across the country, according to the SAIC.

BEIJING, March 31 (Xinhua) -- Chinese President Hu Jintao has called for strengthened coordination among different nations on economic polices and joint efforts against trade and investment protectionism to help the world economy recover.     The international community as a whole was severely challenged in the course of tackling the global financial crisis and resuming growth in the world economy, Hu told Xinhua on Tuesday ahead of the G20 summit scheduled to open in London on Thursday.     With the impact of the global financial crisis on the real economy unfolding and deepening, priorities should be taken by various countries to adopt economic stimulus measures in line with their own situations and work hand in hand to promote growth and employment and improve the people's lives, according to Hu.     Efforts should also be made as soon as possible to stabilize the global financial market and earnestly give play to the role of finance in spurring the real economy to restore confidence of the people and enterprises, Hu said.     "The international financial system should undergo necessary reforms in an all-round, balanced, gradual and effective manner to prevent a similar crisis in the future," the president noted.     China as a responsible country would work with all the other parties attending the summit to help it yield "positive" and "practical" results, Hu said.     China pledged to give its own contribution to the recovery of world economy. The country would adhere to its fundamental national policy of opening up to the outside world and mutually beneficial and win-win strategies, Hu said.     A vigorous and more open China would not only benefit its own steady, fast growth, but help the international community fight the financial crisis and contribute to the world's peace and development, Hu said.     The country has set an 8 percent target for economic growth this year, still notably higher than the 1 percent world average estimated by the World Bank. China grew 9 percent in 2008, the slowest pace in seven years.     The global financial crisis and economic slowdown have created many difficulties for China, Hu said, citing the slump of exports and imports, slower industrial production and unemployment.     But a basket of governmental measures to stimulate domestic demand and promote economic growth have begun to take effect, he added.     Beginning in late 2008, the Chinese government has issued a comprehensive economic stimulus package including a 4 trillion yuan (585 billion U.S. dollars) investment plan and support plans for ten key industries.     The country's central bank has cut interest rates five times and lowered deposit reserve ratio four times in an effort to enhance capital fluidity.     "We have confidence, conditions and capabilities to keep a steady and rapid growth," Hu Jintao said.

NAYPYITAW, Myanmar, March 26 (Xinhua) -- Li Changchun, a senior official of the Communist Party of China (CPC), said here Thursday afternoon that CPC and the Chinese government attached high importance to its ties with neighboring Myanmar.     Li, a member of the Standing Committee of the Political Bureau of the CPC Central Committee, held talks with Tin Aung Myint Oo, first secretary of the State Peace and Development Council (SPDC) and made above remarks.     Even though the national conditions of China and Myanmar are different and the international and regional situation also witnessed major changes, Li said, China and Myanmar have adhered to the Five Principles of Peaceful Co-existence, which was jointly initiated by China, Myanmar and India in the 1950s.     To further promote the bilateral ties, Li suggested both to maintain high-level exchanges for increasing mutual trust in the political area through the direct exchanges of the two leadership. Li Changchun (2nd L), a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, shakes hands with Tin Aung Myint Oo, first secretary of the State Peace and Development Council (SPDC) of Myanmar, in Nay Pyi Taw, capital of Myanmar, March 26, 2009On economic cooperation, Li proposed to advance cooperation in key sectors and big projects in such areas as energy, transport and telecommunication.     "China will continue to encourage competent enterprises to invest in Myanmar or participate in your infrastructure construction," he said.     He also called on both to enhance cultural exchanges and cooperation while enhancing the friendly feelings of the two peoples.     To expand the channels for friendly contacts, Li hoped the political organizations could increase their communication.     On global and regional affairs, the two can strengthen communication and coordination in an effort to safeguard the mutual interests of the two countries for the regional peace, stability and development, Li said.     Tin Aung Myint Oo agreed with Li's suggestions to promote bilateral ties and said a developing China is an importance force for maintaining peace in the region and the world at large. Li Changchun (2nd R), a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, holds talks with Tin Aung Myint Oo (1st L), first secretary of the State Peace and Development Council (SPDC) of Myanmar, in Nay Pyi Taw, capital of Myanmar, March 26, 2009He said the cornerstone of Myanmar's China policy is to actively develop Myanmar-China friendly cooperation in all areas and adhere to the one-China principle.     He said the roles of the governments and enterprises of both countries should be given full play in advancing concrete cooperation in various economic sectors.     He also thanked China for the assistance to Myanmar after the cyclone Nagris hit the country last year.     After the talks, relevant government departments inked cooperative agreements, including one pact to jointly build up crude oil and gas pipeline and the other to jointly develop hydropower resources in Myanmar.     Myanmar is the second-leg of Li's four-nation tour which will also take him to Republic of Korea and Japan. He has already visited Australia. Li Changchun (1st L), a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, meets with Than Shwe (1st R), chairman of the Myanmar State Peace and Development Council (SPDC), in Nay Pyi Taw, capital of Myanmar, March 26, 2009