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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, Nov. 16 (Xinhua) -- A seminar on how to improve China's multi-party cooperation and political consultation mechanism under the leadership of the Communist Party of China (CPC) opened here Tuesday.The seminar was held by the Chinese People's Political Consultative Conference (CPPCC) with the attendence of 251 national political advisors.Jia Qinglin, chairman of the CPPCC National Committee and a member of the Standing Committee of the Political Bureau of the CPC Central Committee, met with the 251 advisors.Wang Gang, vice chairman of the CPPCC National Committee, told the participants to the seminar that the top political task of the CPPCC for now and a future period is to study and implement the guiding principles of the 5th plenum of the 17th CPC Central Committee, which concluded last month.The seminar will last four days.
GUANGZHOU, Dec. 24 (Xinhua) -- A fishing boat with at least 13 crew aboard has been missing for a week in waters off the coast of south China's Guangdong Province, authorities said Friday.The boat, registered in Yangxi County, Yangjiang City, was unable to be located at its anchoring spot in Dongping Port at 3 a.m. on Dec. 16, when other boats in the port that were taking shelter from strong winds received the boat's distress call, Yangxi County marine affairs officials said.Winds of up to 72 kilometers per hour started blowing on Dec. 15, whipping up five- to six-meter-high waves, the official said.The family of the boat's owner, Feng Zixing, reported the boat missing on Dec. 17, after private searches failed to find the boat or its crew.Feng and most of the missing crew are from the county's Lanpao Village.A search for the boat had found nothing by 7 p.m. Friday.The 28-meter-long, 5-meter-wide boat was built with steel in 2001. It was equipped with radar and walkie-talkies.
DAMASCUS, Nov. 8 (Xinhua) -- Syrian President Bashar al-Assad and Xu Caihou, vice-chairman of China's Central Military Commission, discussed relations between the armies of the two countries on Monday.Assad expressed his appreciation for China's support of Arab issues and stressed his keenness to pursuing friendly relations with China.Syrian President Bashar al-Assad (L) meets with Xu Caihou, vice chairman of China's Central Military Commission, in Damascus, capital of Syria, Nov. 8, 2010. Xu Caihou arrived in Damascus for an official visit on Nov. 7.For his part, Xu said that China supports the just cause of the Arab states, and backs Syria's efforts to resume sovereignty over Golan Heights and to achieve a comprehensive, fair and lasting peace in the Middle East.The senior Chinese official, who arrived in Damascus on Sunday for a three-day visit, also held talks on Monday with Syrian Defense Minister Ali Mahmoud on cooperation between the Syrian and Chinese armies.
GUANGZHOU, Nov. 16 (Xinhua) -- Chinese Premier Wen Jiabao has said that the State Council, China's Cabinet, is drafting measures to suppress sharp rises of commodity prices which concerns people's immediate interests.Wen made the remarks during his visit to Guangzhou city of south China's Guangdong Province from Nov. 11 to 12 before attending the opening ceremony of the Guangzhou Asian Games.Wen urged local governments to ensure supplies for daily food and other necessities to maintain market orders.In visiting a biochemical research institution under Chinese Academy of Sciences in Guangzhou, the premier encouraged scientists and researchers to make more achievements in stem cell study to benefit the people.Chinese Premier Wen Jiabao (C) visits Hansen Technology Co., LTD in Zhuhai during his visit to Guangzhou and Zhuhai, south China's Guangdong Province, on Nov. 15, 2010. On Sunday and Monday, Wen made an inspection tour to Guangdong's Zhuhai city, after attending the opening ceremony of the third Ministerial Conference of the Forum for Economic and Trade Cooperation between China and Portuguese-Speaking Countries in the Macao Special Administrative Region (SAR).In Zhuhai's Hengqin island, Wen asked the local government to pay more attention to environmental protection while developing the Hengqin New District.Visiting a company producing lithium batteries for electric automobiles, Wen said development of China's electric automobile industry was in a critical period and the government would continue to promote the industry with supporting policies.