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BEIJING, May 11 -- China's monetary authorities are struggling to address conflicting policy goals, but inflation will remain the top policy concern, the country's central bank governor said on Saturday. While the United States and other countries are more focused on fending off a recession, China's monetary policy must target inflation over growth and employment, Zhou Xiaochuan, the People's Bank of China governor, told a forum in Lujiazui, Shanghai's financial center. "There is no cure-all medicine, and we have to make the final decisions -- everyone hopes there would be a cure-all solution, but there is not," said Zhou. China's consumer price inflation would likely to rise to 8.5 percent in April from 8.3 percent in March, two sources familiar with the data said late on Thursday. The data, which is subject to last-minute revisions, will be officially released on Monday. Zhou Xiaochuan, governor of the People's Bank of China, addresses the Lujiazui Forum 2008 in Shanghai, east China, May 10, 2008. Heads of the People's Bank of China, the country's central bank, the Securities Regulatory Commission, the Banking Regulatory Commission and the Insurance Regulatory Commission all attended the two-day financial forum, opened on May 9. Lujiazui is the name of Shanghai's financial district. Meanwhile, the government said on Friday that China's producer price index, or factory-gate inflation, hit a three-year high of 8.1 percent in April, showing a sustained build-up in pressures on consumer price inflation. Zhou listed development of financial institutions and the imbalance in global money transfers as other issues that China's monetary policy may have to target. He said China needs to reduce the savings ratio as the fundamental way to address its over-reliance on trade, which now accounts for more than 60 percent of its annual GDP, but he did not elaborate on possible specific measures. On other issues, Zhou said Beijing has yet to reach a consensus over how to develop a properly functioning domestic bond market. Disputes remain about market infrastructure, the regulatory framework as well as laws and regulations, Zhou said.
BEIJING, July 13 (Xinhua) -- The Beijing municipal government said on Sunday that the city's state-owned enterprises (SOEs), institutions and social groups should adjust their working hours from July 20 to Sept. 20 to avoid traffic jams. A notice issued by the municipal government said that, except for schools and institutions that provide essential services, SOEs should operate from 9 a.m. to 5 p.m. The Beijing municipal government said on Sunday that the city's state-owned enterprises (SOEs), institutions and social groups should adjust their working hours from July 20 to Sept. 20 to avoid traffic jams Large shopping centers should open at 10 a.m. and stay open later in the evening. Other institutions should operate from 9:30 a.m. to 5:30 p.m. Government departments won't alter their hours, the notice said. The notice also encouraged institutions to handle business online if possible and arrange flex-time arrangements where feasible.

BEIJING, Sept. 3 (Xinhua) -- Premier Wen Jiabao inspected repair work and raised morale among residents over the past three days, during a visit to southwestern Sichuan Province nearly four months after the devastating May 12 earthquake. "The relief work [so far] is successful," said Wen, on his fourth visit to Sichuan since the quake. "Now we are entering a critical stage to boost rehabilitation." With a combination of temporary housing and repaired buildings, about 4.45 million homeless families in the province have found accommodation. Wen visited Zaoshu Village, Qingchuan County, one of the worst-hit areas, as the villagers were busy building or repairing houses. Chinese Premier Wen Jiabao (L) shakes hands with workers while visiting a road repair site near the epicenter, Yingxiu, southwest China's Sichuan Province, Sept. 2, 2008 A couple, Shi Guangwu and Zhang Zhengfang, told him that they received a subsidy of 23,000 yuan (3,333 U.S. dollars) from the government to build a new residence. Chinese Premier Wen Jiabao lays a wreath at a mass burial site of quake victims in the worst-hit Beichuan County, southwest China's Sichuan Province, Sept. 1, 2008.Under a provincial government policy issued in June, rural families who lost their homes will build new ones under government supervision. Each will receive about 20,000 yuan from the government. "I am glad to see farmers in the quake area are busy rebuilding their homes with their own hands. As long as we carefully plan and organize the work, new houses will rise soon," said Wen, who expressed appreciation for their self-reliant attitude. During the four-day trip beginning Sunday, Wen also visited an urban community in Qiaozhuang Town, Qingchuan. Permanent home rebuilding has not started in the urban area yet as the government is working on a subsidy policy for urban survivors. Chinese Premier Wen Jiabao is surrounded by children in the Xinjian primary school in Dujiangyan city, southwest China's Sichuan Province, Sept. 2, 2008.He explained to the residents that work has to be done to evaluate the condition of damaged houses and develop a rehabilitation plan. "As soon as a policy is formulated, rebuilding will start," he said. Besides residential buildings, schools and hospitals are priorities in rehabilitation. At a temporary hospital in Qingchuan, Wen promised patients that the new hospital would be built soon and medical facilities would be better than before the earthquake. Chinese Premier Wen Jiabao (C) visits Zaoshu Village, Qingchuan County, one of the worst-hit areas in southwest China's Sichuan Province, Aug. 31, 2008.The Premier chatted with doctors and nurses from eastern Zhejiang Province who were there helping to serve local residents. Wen thanked them for lending a hand to quake survivors. On the morning after the earthquake, the country saw Wen standing on the rubble of the Xinjian primary school in Dujiangyancity, encouraging a trapped child through a crack. Wen returned to the school, which is in makeshift buildings, during this visit. More than 240 students in the school were killed in the quake. Standing in a classroom before the blackboard, he said to the students: "You are our country's future. I believe beautiful flowers will blossom over the debris of the earthquake." Children presented handmade cards to Wen and invited him to take photos with them. The Premier presented flowers and bowed three times under the national flag on the campus to mark the victims. Agriculture and industry were gradually recovering in the quake area. At Yongquan Village in Deyang City, people were harvesting rice and planting potatoes. Wen went into the field, asking farmers about their crop yield. Told there was a bumper rice harvest despite the quake, he urged local officials to resume production as soon as possible where conditions allow. At quake-devastated Dongfang Steam Turbine Co., Ltd. of Deyang, which Wen had visited twice previously, he was visibly happy to see production back at the pre-quake level. He urged employees to continue working to build the company into a more advanced, secure and sustainable organization. The premier also visited a road repair site near the epicenter,Yingxiu, praising the soldiers and workers who braved aftershocks and landslides to keep the road clear after the quake. The worst-hit Beichuan County must be relocated as it was severely damaged in the quake and the original site might be vulnerable. Wen again visited the debris where the county seat was once located. He trudged on foot for an hour through the debris with a heavy heart. He laid a wreath at a mass burial site of quake victims and observed a one-minute silent mourning period together with his entourage. He told survivor Wang Dan, a 26-year-old woman of Qiang ethnic group, that the pain was overwhelming but the Beichuan people were strong. "Although half of the population perished, the other half -- the survivors -- will build a new Beichuan with hope," he said. When invited by Wang to come again when the new Beichuan is built, Wen promised he would come to the place, which he would remember for life. He told local officials that the county should be rebuilt not only materially but also spiritually, as its unique Qiang culture should be preserved and promoted. Presiding over a meeting attended by Sichuan provincial-level officials on Tuesday night, Wen said the quake rescue and relief work had entered an important phase of reconstruction. He urged local governments to seriously implement the reconstruction plan approved by the State Council, the country's Cabinet, and lead local people to accomplish the major tasks of rehabilitation and reconstruction in three years.
Li Changchun (R), a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, shakes hands with medical workers from Beijing Military Command at Yingxiu Town of Wenchuan County during his inspect to the quake-hit southwest China's Sichuan Province on June 3, 2008. (Xinhua Photo) CHENGDU, June 3 (Xinhua) -- Senior Chinese leader Li Changchun on Tuesday visited areas in southwest China's Sichuan province that were hardest hit by the May 12 earthquake, encouraging residents and relief workers on the front line. On Tuesday morning, Li, a member of the Standing Committee of the Political Bureau of the CPC Central Committee, arrived at Yingxiu County by helicopter. He told survivors in Yuzixi village, "You've gone through considerable pain, but you remained strong in the face of disaster. Your spirit has touched all Chinese people. I hope you will soon go back to your normal lives and build a better home." At Dujiangyan Radio and Television Station, Li urged the technicians to repair the network as soon as possible to ensure that the people in the quake zone could enjoy radio and TV programs. Li Changchun, a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, shakes hands with an injured quake victim at Huaxi Hospital in Chengdu during his inspect in southwest China's Sichuan Province, on June 3, 2008. (Xinhua Photo) In the afternoon, he visited patients and medical workers at Huaxi Hospital of Sichuan University, where he spoke words of encouragement to medical workers. Before leaving Chengdu, Li visited artists who came from Beijing to the quake zone for real-life inspirations. Li hoped they could go deep into the front line of the quake and represent the feelings of the victims, soldiers and other relief workers. "I believe you can create many artworks that will inspire the people affected by the earthquake," Li said. He was accompanied by Liu Yunshan, a member of the Political Bureau of the CPC Central Committee and director of the Publicity Department of the CPC Central Committee. The death toll in the earthquake that jolted Sichuan Province and some other areas on May 12 rose to 69,107 as of Tuesday noon.
BEIJING, July 4 (Xinhua) -- China's State Council published on Friday guidelines on post-quake reconstruction, emphasizing house repair and building work. The State Council, China's Cabinet, stressed priority for repairing and building houses for people whose homes were destroyed during the May 12 tremor. "Check for repairable buildings and fix them as soon as possible; scientifically choose sites, economically use land and set down reasonable quake-resistant levels for building new houses," the guidelines said. Areas suitable for living must be marked off based on scientific standards and evaluations on geology and natural resources. Meanwhile, the government will see to the reasonable distribution regarding population, industry and productivity, according to the guidelines. A local man builds house at ruins at Yuzixi Village, Yingxiu Township, Wenchuan County in Southwest China's Sichuan Province, June 9, 2008. Residents in quake-hit Yingxiu Township are now reconstructing their hometown The reconstruction of buildings should take local advice into account, and be based on governmental subsidies, social support and local resources. All the measures were aimed to let quake-hit people live in "safe and comfortable houses as soon as possible", said the guidelines. Resources should be optimized to upgrade quake resistance standards and improve the quality of construction, the guidelines said. Priority should be given to the reconstruction of public facilities, including schools and hospitals, and these buildings should be the "safest, most solid and trustworthy". The guidelines required high schools and vocational schools be located in county seats, middle school in townships while primary school sites be relatively concentrated. The guidelines also underscored the importance of protecting the ethnic and cultural relics affected by the major quake. Earthquake sites and memorial halls would be erected, and the reconstruction of government buildings should be "frugal" and "practical." The restoration of infrastructure should be adjusted to local conditions and planning, the guidelines added.
来源:资阳报