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BEIJING, Sept. 17 (Xinhua) -- The People's Bank of China (PBOC), or the central bank, announced Friday it would continue the country's moderately easy monetary policy while making it better-targeted and more flexible in the coming months of this year.The PBOC made the announcement in its report on China's financial stability, which was released on the PBOC's website.The PBOC said in the next stage it needs to skillfully handle the relationship between maintaining steady and rapid economic development, restructuring the economy and managing inflation expectations.Chinese banks should continue supporting the country's economic restructuring, guard against risks, change profit structures, and improve the capital replenishing and restriction mechanism, the central bank said in the announcement.The announcement noted that local government debt was rising quickly, corporate liquidity was decreasing with a high current debt ratio, and credit card advances were increasing despite mounting financial assets held by residents and the low debt level.It said the global financial crisis had revealed limitations and gaps in the existing regulatory system. To prevent systemic risks, the central bank would combine macro and micro-prudential supervision in its policy package.
BEIJING, Nov. 3 (Xinhua) -- China has revised a regulation to protect patients suffering from work-related diseases by requiring employers to submit information needed for diagnosing workers.The Legislative Affairs Office of the State Council published the draft regulation on Wednesday concerning work-related disease patient diagnosis, which is a revised version of the current one, inviting public submission.According to a statement issued along with the regulation, in determining whether a patient suffers from a work-related disease, information about work-place hazards is needed. The revision has been made to ensure a diagnosis can be performed, even if employers do not provide information or provide falsified information.According to the draft, if employers do not provide information, or patients question the authenticity of such information, patients could apply for arbitration of labor disputes and arbitration authorities should handle the case within 30 days.Further, employers will be held liable if they fail to provide relevant information within the time period designated by the arbitration authority.Public submissions will be accepted until Nov. 19 on the website, www.chinalaw.gov.cn.
BEIJING, Oct. 10 (Xinhua) -- China's week-long National Day holiday took in 280 million yuan (42 million U.S. dollars) in film box office receipts, up 12 percent over last year, said sources in the cinema industry.Half of all ticket sales were for "Detective Dee and the Mystery of the Phantom Flame," a film that debuted on Sept. 29, starring renowned Hong Kong actor Andy Lau and actress Carina Lau, along with mainland actress Li Bingbing.Director John Woo's new film, "Reign of Assassins," had sales of 30 million yuan during the golden week, which critics say was "ordinary" in box office performance but a "good film." Woo is known internationally for his 2000 film "Mission: Impossible II."The Leonardo DiCaprio film "Inception" continues its climb and took in 50 million between Oct. 1 and 7, making it the fourth foreign film ever to take in more than 400 million yuan in the Chinese mainland's box office. The other three were "Avatar," "2012" and "Transformers."Liu Hui, deputy general manager of Beijing-based UME Huaxing Cinema, is very pleased that "theatres are always packed with audiences during the golden week."
BEIJING, Sept. 3 (Xinhua) -- More than 300 Chinese and Ukrainian officials, business executives and traders gathered at a trade forum Friday to seek bilateral business opportunities. "As China and Ukraine enjoy excellent prospects for economic and trade cooperation, both countries should make joint efforts to usher in a new era," Chinese Vice Premier Zhang Dejiang said at the opening of the forum.Ukrainian President Viktor Yanukovich, in Beijing on his first ever visit to China, addressed the forum, saying the new Ukrainian administration gives priority to developing ties with China. Chinese Vice Premier Zhang Dejiang (L) addresses the China-Ukraine economic and trade cooperation forum in Beijing, capital of China, Sept. 3, 2010.China-Ukraine trade topped 3.3 billion U.S. dollars in the first half of the year, up 31.3 percent year on year, according to the Chinese Ministry of Commerce.In their talks Thursday, Chinese President Hu Jintao and Yanukovich promised to increase two-way trade to 10 billion U.S. dollars by 2012.To expand bilateral business potential, Zhang proposed companies in the two countries play a bigger role while both governments increase exchange, explore ways to cooperate, take care of each other's concerns, and seek mutually beneficial outcomes.Yanukovich, the first Ukrainian President to visit China since 2002, echoed Zhang's proposal.He said his country would like to work more closely with China in trade, economics, agriculture, science, aviation, aerospace and investment.Zhang said the Chinese government welcomes Ukrainian businesses developing and marketing products tailored to the Chinese market.
BEIJING, Nov. 3 (Xinhua) -- Senior Communist Party of China (CPC) official Zhou Yongkang on Tuesday concluded a visit to India that helped promote development of mutual trust and bilateral cooperation between the two Asian nations.Zhou, member of the Standing Committee of the Political Bureau of the CPC Central Committee and also secretary of the Commission for Political and Legal Affairs of the CPC Central Committee, met Monday with Indian Prime Minister Manmohan Singh in New Delhi, India's capital.During the meeting, Zhou said strengthening political mutual trust with India was the key to deeper cooperation with the country and that the leaders of the two countries should often exchange views in great depth and with great frankness on major issues of mutual concern.Zhou said China and India had a combined population of 2.5 billion and there existed a great space for developing cooperation in the economy and trade, and people-to-people and cultural exchanges.He said both China and India faced the heavy task of developing their own economy, improving people's living standards and safeguarding social stability.Zhou said, while China was making its 12th five-year plan for socioeconomic development in the 2011-2015 period and India making its 11th five-year plan, China wished to increase political trust with India, expand cooperation of mutual benefit, and deepen the strategic cooperative partnership with India.Prime Minister Singh said the friendly relations between India and China played an extremely important role in promoting peace, stability and development in Asia and even in the whole world.Zhou also met on Monday with ruling Indian National Congress party President Sonia Gandhi and party General Secretary Rahul Gandhi.During the meeting, Zhou said the development of China and India provided opportunities rather than posed challenges to each other.Both China and India believed the world was big enough to accommodate the common development of China and India, Zhou said, adding the Chinese side was happy for every achievement that India made in its development.As for the China-India trade, which is expected to reach 60 billion U.S. dollars this year, Zhou said there was still great potential for the two big emerging powers to tap.He hoped both sides could deepen the strategic cooperative partnership further, strengthen practical cooperation in various fields, and increase personnel exchanges at different levels.Sonia Gandhi said India had always paid great attention to China's development and welcomed the improvement in the living standard of the Chinese people.She said India's and China's development had speeded up the recovery of the world economy in the face of the international financial crisis and she hoped both sides could strengthen coordination and cooperation further and tackle various global issues in a better way and maintain the favorable momentum of development.Zhou also met with Indian Minister of External Affairs S. M. Krishna,the president of the Bharatiya Janata Party (Indian People's Party) Nitin Gadkari and leaders of three left-wing parties on Monday.During a seminar on China-India ties on Monday, Zhou asked for joint efforts to promote China-India relations."It is an inevitable trend of history to consolidate and develop the peace and friendship between China and India," Zhou said."We should extract nutrition and wisdom from history to persist in maintaining peace, friendship and mutually beneficial cooperation, and to be good neighbors, good friends and good partners forever," he said.He made a five-point proposal on the further development of China-India relations, including promoting political mutual trust, expanding cooperation in economics and trade, boosting friendly exchanges, strengthening international cooperation, and promoting friendly consultation.Before wrapping up his three-day visit, Zhou on Tuesday visited India's IT bellwether Infosys Technologies in Bangalore, known as the Silicon Valley of India.