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BEIJING, April 19 (Xinhua) -- As of 8:00 a.m. Monday local time, there had been 1,206 aftershocks following the 7.1 magnitude earthquake in Yushu, according to statistics from the China Earthquake Administration.Among the aftershocks, 12 were above 3 magnitude, one between 6.0 and 6.9 magnitude, three between 4.0 and 4.9 magnitude and eight between 3.0 and 3.9 magnitude.There has been no more aftershocks above 3 magnitude since a 3.6 tremor occurred at 7:00 a.m. April 17.The 7.1 magnitude quake, which jolted the Tibetan Autonomous Prefecture of Yushu on April 14, had left at least 1,706 dead, 256 missing and 12,128 injured, as of 10 a.m. Sunday.
BEIJING, May 2 (Xinhua) -- The People's Bank of China (PBOC), the central bank, announced Sunday it will raise the deposit reserve requirement ratio (RRR) for most financial institutions for the third time this year amid growing concerns of asset bubbles and economic overheating.The bank said in a statement on its website that it would raise the deposit reserve requirement ratio (RRR) for financial institutions by half a percentage point from May 10.The ratio for the rural credit cooperatives and rural banks would remain unchanged at 13.5 percent, said the PBOC.However, the RRR for other small financial institutions would rise to 14 percent, and that for large financial institutions to 17 percent.This is the third rise in the deposit ratio this year. On Jan. 12 and Feb. 17, the central bank raised the deposit ratio by half a percentage point each time.The move indicated the government was taking further steps to tighten monetary policy in response to concerns of overheating and asset bubbles, said Liu Yihui, an expert with the Financial Research Center of the Chinese Academy of Social Sciences (CASS).The PBOC has cut the bank reserve requirement ratio four times during the second half of 2008 to stimulate growth, as the global financial crisis started to weigh on the economy.The country posted a better-than-expected 11.9 percent year-on-year economic growth in the first quarter, but the government was cautious and had repeatedly warned that the economic conditions this year were "very complicated."China's consumer price index (CPI), the main gauge of inflation, saw a rise of 2.4 percent year on year in March, nearing the ceiling of 3 percent inflation this year that the government has set at the annual parliamentary session that month."There is an obvious tendency of overheating," Liu said.
STOCKHOLM, March 29 (Xinhua) -- Chinese Vice President Xi Jinping called on Monday for expanding Sino-Swedish cooperation to new areas when he held talks with Swedish Prime Minister Fredrik Reinfeldt.Xi said that relations between China and Sweden have maintained a good momentum of development with frequent exchange of visits at high levels, and close and active cooperation in trade and investment, environment protection, education, science and technology, culture and other fields. Chinese Vice President Xi Jinping (R) meets with Swedish Prime Minister Fredrik Reinfeldt in Stockholm, Sweden, March 29, 2010He said that his current visit to Sweden is meant to jointly celebrate the 60th anniversary of the two countries' establishment of diplomatic relations, with a view of further promoting practical cooperation between China and Sweden.To expand the mutually beneficial cooperation between the two countries, Xi said, both sides should strengthen dialogue at high levels, deepen trade and economic ties and increase people-to- people contact.He said that China welcomes Swedish King Carl XVI Gustaf to attend the celebrations of the 60th anniversary of China and Sweden establishing diplomatic ties when the king visits the Shanghai EXPO, which is slated to open on May 1.The Chinese side is willing to use the existing channels of dialogue to enhance mutual political trust and exchange views with the Swedish side on bilateral relations, international political and economic situations, the climate change, non-traditional security matters and other major world and regional issues, Xi said.Sweden has for long been pursuing the one-China police and has always supported China on issues related with Tibet and Taiwan, he said, China appreciates it and hopes Sweden will continue with it.Sino-Swedish cooperation can expand from the traditional areas of machinery building, car manufacturing, telecommunications, forest industry, household electric appliance and textiles to the new fields of eco-city construction, energy-saving and environment- protecting technology, biology research and banking, Xi said.China will renew the agreement on cultural exchange with Sweden, continue to support Chinese language teaching in Sweden and Confucius Institute improvement projects, encourage young people from both sides to participate more in exchange programs and increase the number of scholarships and government grants to students, the Chinese vice president said.
MANILA, June 7 (Xinhua) -- A reception was held in Manila Monday evening to mark the 35th anniversary of the establishment of diplomatic relations between China and the Philippines.Present at the reception, hosted by the Chinese embassy, were Philippine Foreign Secretary Alberto Romulo, former Philippine first lady Imelda Marcos, diplomats, Filipinos with Chinese origin and representatives of Chinese enterprises investing in the country.Addressing the reception, Chinese ambassador to the Philippines Liu Jianchao said that over the past 35 years, constructive and productive meetings on a regular basis between top leaders of the two countries have been indispensable in advancing bilateral ties with sustaining strength."I strongly believe," he said, "The essence of China- Philippines should be rooted in our peoples, in the studies we share, the business we do, the knowledge we gain, and even the sports we play.""Our purpose has always been making friends and partners with the Philippines and all the other countries in the region, fostering an amicable, stable and prosperous neighborhood, and building cooperation for mutual benefit and win-win progress," he added."As we are expecting the Philippine top leadership to be proclaimed, we know that China-Philippines relations are facing a new historical opportunity. The common interests between China and the Philippines are large, so is the scope of China-Philippines cooperation. The Chinese side looks forward to working with the incoming Philippine administration to ensure that China- Philippines strategic and cooperative relationship gets off to a good start and continues to forge ahead," he said.Philippine Foreign Secretary Romulo said that the theme for this year's anniversary is "Philippines plus China, more than friends". This theme highlights three distinct features of bilateral relationship: the deep ties of friendship between the two peoples; the multifaceted and expanding bilateral relations; and the role of youth in this relationship."We are proud that many prominent Filipinos are of Chinese ancestry. Foremost among them, of course, is our national hero, Dr. Jose Rizal, our first woman President Corazon C. Aquino, and our first Filipino saint, Lorenzo Ruiz," he said.Aside from these prominent Filipinos, members of the Chinese- Filipino community have made and continue to make significant contributions to Philippine society, he added.China and the Philippines established diplomatic relations on June 9, 1975.
CAIRO, June 6 (Xinhua) -- Egypt and China pledged to strengthen traditional friendship and enhance their strategic cooperation partnership on Sunday.In a meeting with a Chinese delegation headed by Wang Gang, a member of the Political Bureau of the Communist Party of China Central Committee, Egyptian President Hosni Mubarak said his country thanked China for its long and unswerving support for the just cause of the Arab people.He said Egypt treasured the traditional friendship with China and is willing to exert efforts for further development of Egypt- Chinese ties.Wang conveyed to Mubarak the greetings from Chinese President Hu Jintao.Egyptian President Hosni Mubarak (R) meets with Wang Gang, vice chairman of the Chinese People's Political Consultative Conference National Committee and member of the Political Bureau of the Communist Party of China (CPC) Central Committee, in Cairo, capital of Egypt, June 6, 2010. He said equal treatment, mutual support and close cooperation have always been featuring both the just causes of maintaining national independence and state sovereignty and the great road of national construction and economic development since the two sides established diplomatic ties.Wang, also vice chairman of the Chinese People's Political Consultative Conference National Committee, the country's top political advisory body, added that the relations between China and Egypt can be seen as a good example for the South-South cooperation.China and Egypt established strategic cooperation partnership in 1999. Bilateral trade reached around six billion U.S. dollars in 2009.Wang said China hopes to grasp the opportunity and jointly work with Egypt to consolidate their traditional friendship, expand practical cooperation and enhance the strategic cooperation partnership.The Chinese delegation arrived in Cairo on Saturday for a visit.