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BEIJING, May 21 (Xinhua) -- China's local governments should step up efforts to close 10 million kilowatts of outdated coal-fueled power station capacity this year, Chinese Vice Premier Li Keqiang said Friday.This year is crucial to completing the country's energy saving and emission reduction goals as set out in the Eleventh Five-Year Plan (from 2006 to 2010), Li said in a letter to a national work conference held in Beijing discussing the elimination of backward production capacity.Official figures show China's unit gross domestic product (GDP) energy consumption fell 14.38 percent during the first four years of the Eleventh Five-Year Plan. But efficiency has to improve if the nation is to meet the 20 percent target set for the five-year period."This move is conducive to optimizing the country's power structure, enhancing energy saving and reducing pollution," Li said.

BEIJING, May 6 (Xinhua) -- China on Thursday vowed to comprehensively upgrade its friendly and cooperative relations with the United Arab Emirates (UAE)."China attaches great importance to the development of its ties with the UAE and would like to further deepen cooperation in trade, energy, infrastructure construction, culture and law enforcement," said senior Chinese leader Zhou Yongkang in meeting with Sheikh Hazza bin Zayed al-Nahyan, national security advisor of the UAE in Beijing Thursday.Zhou, a Standing Committee member of the Political Bureau of the Communist Party of China (CPC) Central Committee, said the 26 years since China and the UAE forged diplomatic ties has seen significant development in bilateral relations, with frequent high-level visits, deepening political mutual trust and fruitful pragmatic cooperation.The UAE has been China's second largest trading partner in the Arab world for five consecutive years and is the nation in the Middle East where China sends most commercial and labor service personnel, Zhou said.China highly appreciates the UAE government's support on the issues related to Taiwan, Tibet and Xinjiang, he said.Sheikh Hazza bin Zayed al-Nahyan conveyed a message from UAE President Sheikh Khalifa bin Zayed al-Nahyan to Zhou, saying that the UAE is willing to work with China to promote continuous development of bilateral ties.The security advisor added that he would like to actively enhance UAE-China security cooperation in anti-terrorism.

BEIJING, April 22 (Xinhua) -- The Chinese government announced a string of emergency measures Wednesday to provide convenient financial services for people in the quake-hit Qinghai Province and to support reconstruction.The People's Bank of China, the central bank, would lower the deposit reserve ratio for financial institutions in the quake area by 1 percentage point from Wednesday to help increase lending, said a statement posted on the website of the central bank.It would also reduce its rediscount rate for local Rural Credit Cooperatives by 1 percentage point to ease their financial burden.The rediscount rate is the interest rate charged to banks and deposit institutions when they borrow money from the central bank.The return of loans extended before the earthquake was not imperative until June 30, 2011. Residents and companies would be exempted from bad credit records if they could return their loans before the deadline, the central bank said.The statement urged local banks to resume business as soon as possible to meet rising demand for financial services.They should set up temporary outlets in tents, extend office hours and take measures to ensure adequate cash supplies so that residents could deposit and withdraw money conveniently.The measures were jointly introduced by the People's Bank of China, the China Banking Regulatory Commission, the China Insurance Regulatory Commission and the China Securities Regulatory Commission.The 7.1-magnitude quake struck the Tibetan Autonomous Prefecture of Yushu on April 14, leaving 2,183 people dead, 84 missing, and 12,135 injured as of Wednesday.