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BEIJING, June 10 (Xinhua) -- The People's Bank of China (PBOC), the central bank, injected 166 billion yuan (24.3 billion U.S. dollars) into the money market this week, easing tight money supply conditions with bill issuance and repurchase agreements.In its regular open market operations Thursday, the central bank auctioned 10 billion yuan (1.46 billion U.S. dollars) of three-month bills at a yield of 1.5704 percent, up 4.04 basis points from June 3.On Thursday, the central bank also conducted repurchase agreement operations -- the first time in almost a month -- by absorbing 10 billion yuan through 91-day repurchase agreements. The yield on Thursday's 91-day repurchase agreement rose to 1.57 percent, up 16 basis points from its previous repurchase operation.Thursday's operations together with Tuesday's 25 billion yuan worth of one-year bill issuance brought the weekly total raised to 45 billion yuan (6.6 billion U.S. dollars). But 211 billion yuan (30.9 billion U.S. dollars) of bills matured this week, meaning a net weekly injection of cash.The central bank's net injection this week was the third straight week of net injection. It pumped 159 billion yuan (23.3 billion U.S. dollars) into the market in the previous two weeks.Since mid-May, China's banks have faced a short-term money squeeze as the PBOC introduced a series of tightening measures to cool the booming property sector.Zhao Qingming, a senior research fellow at China Construction Bank, the country's second largest lender, said the yield changes on central bank bills reflects tight money supply in the short-term.Rising bill yields usually reflect lenders' reduced demand for safety or their cash hoarding.For the whole week, yields on central-bank short-term debt instruments rose compared to the previous week.The yield on one-year bills jumped 8.32 basis points to 2.0929 percent while the yield on three-month bills climbed 4.04 basis points to 1.5704 percent. The yield on 91-day repurchase agreements added 16 basis points to hit 1.57 percent.
ZHOUQU, Gansu, Aug. 14 (Xinhua) -- The death toll from the massive mudslide in northwest China's Gansu Province has risen to 1,156 as of 4 p.m. Friday, with 588 still missing, local authorities said.The toll stood at 1,144 by Thursday afternoon.More than 1,500 survivors are living in tents or school classrooms while 8,300 have sought shelter with relatives and friends, said Zhao Minxue, head of the publicity department in Gannan Tibetan Autonomous Prefecture which administers Zhouqu.Water and power supplies, and telecommunication services in Zhouqu are gradually back to normal thanks to swift repair efforts.Power has been resumed in the key regions of the county seat and at 60 percent of households, the provincial information office said in a statement Friday.Relief teams are digging new wells after finding two new drinking water sources and 21 unpolluted wells, it said.Gansu had received 120.4 million yuan (17.7 million U.S. dollars) in cash donations and relief materials by Friday afternoon, the provincial department of civil affairs said.Meanwhile, relief workers continued to clear the water course of the Bailong River, which overflowed after being blocked by debris, amid fears that more downpours could trigger new floods and mudslides.Rescuers tried to give dignity to the deceased as they were striving to search bodies in the debris. But this was no easy work sometimes as many bodies were buried meters deep in sludge."All the soldiers have done their best," said survivor Bai Chengxiang, 24. "If they could not find the remains of my aunt's family, I will have to accept the reality."
BEIJING, July 6 (Xinhua) -- Hundreds of middle school students from Nanjing City, east China's Jiangsu Province, came to the Memorial Hall of the Chinese People's War of Resistance Against Japanese Aggression in Beijing Tuesday to mourn martyrs killed in the war."We came here to keep the past firmly in mind and cherish the present peace," said a student from the Second Foreign Language School of Nanjing.Temperatures in most parts of Beijing had risen to more than 39 degrees centigrade but even so the memorial hall was crowded with visitors from all over the country.The full-scale anti-aggression war started on July 7, 1937, when the Imperial Japanese Army bombarded the town of Wanping in suburban Beijing and advanced on the Lugou Bridge. The No. 29 Nationalists Corps fought hard to resist the siege, marking the official start of an eight-year resistance war.The Chinese resistance played a decisive role in inflicting heavy casualties on the Japanese. The Chinese people paid dearly for the victory, with an estimated 35 million casualties, including military and civilian, dead and wounded.The memorial has received more than 15 million visitors since it opened in 1987, said Li Zongyuan, deputy curator of the memorial hall.
CHANGCHUN, Aug. 2 (Xinhua) -- Floods have left 63 people dead and 59 missing in northeast China's Jilin Province over the past two months, local authorities said Monday.More than 4 million people have been affected since the flood season began in June and some 700,000 people have been evacuated, the Jilin Provincial Civil Affairs Department said in a statement.Additionally, about 62,000 houses have collapsed and 193,000 others have been damaged, along with 1.16 million hectares of cropland having been inundated, the statement said.Direct economic losses were estimated at almost 19 billion yuan (2.8 billion U.S. dollars), it added.In the hardest-hit areas, flash floods have cut roads, isolated villages and disrupted communications and water supplies.In the industrial city of Tonghua, torrential rains have damaged water pipelines, leaving 300,000 people without tap water for two days.Residents have largely relied on bottled water over the past 48 hours as authorities ordered 25 fire trucks to deliver water for domestic purposes aside from drinking to residential communities from 5 a.m. to 8 p.m. everyday.About 1,700 tons of water had been delivered by truck, officials said.
YUSHU, Qinghai, July 10 (Xinhua) -- The Chinese government on Saturday started a massive multi-million-dollar project to restore 87 monasteries damaged in a 7.1-magnitude earthquake that shook a predominantly Tibetan area in northwest China in April.Monks and officials gathered at the new site of Trangu Monastery in Yushu, Qinghai Province, for a brief ground-breaking ceremony. Monks from the 700-year-old monastery, whose former buildings collapsed in the quake, held a prayer service, chanting sutras and turning prayer wheels to mark the start of the rebuilding.More than 2,200 people were killed after the 7.1-magnitude earthquake struck Yushu. The entire town of Gyegu, the seat of Yushu prefectural government, was flattened, leaving more than 100,000 residents homeless.Lodroe Nyima Rinpoche, a living Buhhda of the Trangu Monastery, said monks felt "grateful" for the government efforts to rebuild damaged monasteries.Three best known monasteries damaged in the Yushu quake were Trangu, Gyegu and Renyak.The repair of Gyegu Monastery also started on Saturday.Qinghai's Ethnic Affairs Committee said the central government had earmarked 1 billion yuan for the monastery restoration in Yushu. The construction will cover an area of 170,000 square meters.Yushu is predominantly populated by ethnic Tibetans and most of them are Buddhists. There were thousands of monasteries, including 194 large or medium ones, in the region before the quake. The number of monks, nuns and other religious personnel was estimated at 23,000, local government data show.The economic losses of the monasteries and in-house religious relics mounted to 756 million yuan, according to the data.Monasteries and religious activities form an important part of local residents' daily life. Phuriwa, deputy head of Qinghai's Ethnic Affairs Committee, said the drafts for monastery restoration were revised many times only to best protect the Tibetan culture and to give local Buddhism believers best places to observe religious rituals.Saturday also marked the start of about 200 rebuilding projects in Yushu, which would cost 16 billion yuan.China plans to spend 31.7 billion yuan in three years to rebuild Yushu. Funding for the reconstruction will come mainly from the central budget, with contributions from provincial finances and donations, the government said earlier.