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BEIJING, Dec. 27 (Xinhua) -- Senior Communist Party of China (CPC) official Li Changchun on Monday called for greater efforts to divert public cultural services to people at a grassroots level and in rural areas.In a visit to an exhibition showcasing achievements of a national cultural program over the past five years, Li, a Standing Committee member of the Political Bureau of the CPC Central Committee, said a plan must be made to set the objectives and measures of the program in the next five years.Li Changchun, a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, talks with pupils during his visit to an exhibition showcasing achievements of a national cultural program over the past five years, in Beijing, capital of China, Dec. 27, 2010. The program, co-hosted by the ministries of culture and finance, seeks to extend public cultural services such as films, museums and libraries to more people at the grassroots level and in rural areas, largely by using digital and Internet technologies.Li called for greater efforts to build a network with cultural information and resource centers at every level from the national to the village and urban communities, and to build more cultural facilities like digital libraries for minors.

BEIJING, Dec. 6 (Xinhua) -- China's government-run welfare lottery has raised a total of 164.5 billion yuan (24.8 billion U.S. dollars) for public welfare funds over the last 23 years, the Welfare Lottery Distribution and Management Center (WLDMC) announced Monday.Total sales of welfare lottery tickets had amounted to 500 billion yuan (75.2 billion U.S. dollars) since the lottery started operation in 1987, said a statement issued by the WLDMC.Half of the funds were allocated to social welfare projects organized by local governments, and the rest to public welfare funds or projects administered by central authorities, including the Ministry of Civil Affairs (MCA), said the statement.The civil affair authorities for the past 23 years had supported more than 200,000 projects for the public good, the statement said.The projects included social welfare institutions, child welfare associations, homes for the aged in villages and towns, and community service centers.The WLDMC is administered by the Ministry of Civil Affairs, which was authorized by the State Council to raise welfare funds through lottery sales in 1987.

BEIJING, Dec. 10 (Xinhua) -- A Chinese state councilor said on Friday that the Confucius Institute is facing a "new starting point", calling for increased cultural exchanges between China and foreign countries via the institution.While addressing the opening ceremony of the fifth conference of Confucius Institutes in Beijing, Chinese State Councilor Liu Yandong said that the institute is being offered new opportunity given exchanges of the diverse cultures in the world and China's wider opening-up."After five years' development, the Confucius Institute is now standing at a new starting point," said Liu, also president of the Confucius Institute headquarters council.The Confucius Institute, named after ancient Chinese philosopher Confucius, is a non-profit public institution which aims to promote Chinese language and culture in foreign countries.Up to now, China has set up more than 320 Confucius Institutes in 96 countries around the globe since the first one was established in 2004, said Liu.Li Changchun, a Standing Committee member of the Political Bureau of the Communist Party of China (CPC) Central Committee, also attended the opening ceremony of the annual conference.

BEIJING, Nov. 10 (Xinhua) -- China's central bank moved a step further to tighten liquidity amid increasing inflation pressures as it ordered Chinese banks to set aside more reserves on Wednesday.The People' s Bank of China, or the central bank, announced it would raise the deposit reserve requirement ratio (RRR) for Chinese financial institutions that accept deposits by 50 basis points from Nov. 16, which was estimated to freeze more than 300 billion yuan (45.1 billion U.S. dollars).The order came on the eve of Thursday's release of China' s October consumer price index (CPI), which is projected, by some economists, to reach 4 percent.The RRR for the four big state-owned banks - the Industrial and Commercial Bank of China, China Construction Bank, Bank of China and Agricultural Bank of China - will stand at 18 percent once the rise takes effect.Further, Wednesday's move will raise the deposit reserve ratio for other large financial institutions to 17.5 percent and that for small-and medium-sized financial institutions to 15.5 percent.The adjustment is the fourth RRR increase the central bank has ordered for Chinese banks this year, and the first time it has done so since it hiked interest rates by 0.25 percentage points last month.Chinese experts believe combined concerns, ranging from the looming hot money inflows caused by the United State quantitative easing to the growing inflation risks and soaring assets bubbles, have caused the central bank to raise the RRR to rein in liquidity."The central bank announced interest rates hikes and the RRR rise within one month, as the U.S. 600 billion-US-dollar quantitative easing is likely to send more speculative capital flowing to the emerging markets, and domestic commodities prices continue to increase, " senior economist with the Asian Development Bank, Zhuang Jian said, adding that the RRR increase will trim the banks' credit capital, which will help curb market speculation inflows and stabilize commodities prices.China's central bank, on Oct. 20, announced a rise of its benchmark one-year lending and deposit rate by 0.25 percentage points, the first interest rates hike in three years, as the nation's CPI hit a 23-month high to 3.6 percent in September.October's CPI is due to be announced on Thursday, while economists anticipate the October year-on-year inflation is likely to rise to 4.1 percent.Further, prices of China' s edible farm produce have witnessed consecutive increases since mid-October, as prices of 18 types of vegetables in 36 large and medium-sized cities rose by 4.9 percent during the week that ended Nov. 7, according to data released Wednesday by the Ministry of Commerce.Zhang Ping, head of the National Development and Reform Commission, said Tuesday that the nation's CPI is expected to exceed the government' s annual target of 3 percent.Also, the nation's real estate prices continued the upward trend in October, though at a slower pace, with property prices in 70 major Chinese cities increasing by 8.6 percent year on year in October, down from the 9.1-percent increase in September, the National Bureau of Statistics showed Wednesday.Li Huaiding, analyst with the Guoxin Securities Co., said Wednesday's rise would contribute to scaling back liquidity, but pressures still exist in the upcoming months, and the central bank may again increase interest rates before the end of the year.Additionally, the central bank said in a report issued on Nov.2 that it would gradually normalize the monetary policy from its counter-crisis mode and tighten control over liquidity to maintain moderate credit growth in the coming months this year.

来源：资阳报