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BEIJING, Jan. 27 (Xinhua) -- China's banking regulator asked lenders to keep credit growth at reasonable pace in 2010 and vowed to tighten supervision on property loans amid increasing risk of asset bubbles."Banks should reasonably control new loans, better manage the pace and try to achieve balanced issuance and steady growth of credit quarter by quarter, " Liu Mingkang, chairman of the China Banking Regulatory Commission (CBRC) at a meeting on Tuesday.Despite regulator's repeated warnings on risks hidden from the record 9.6 trillion yuan of new loans last year, banks rushed to lend more than 1 trillion yuan in the first month of this year in fear of the expected tighter loan policy in 2010 after the credit binge last year as media reported.An official with the Industrial and Commercial Bank of China told Xinhua the credit growth in the first ten days of January was a little bit fast, and turned smooth in the last days of the month.According to the statement posted on CBRC's Web site on Wednesday, Liu said the regulator will pay special attention to the changes in the property market, strictly enforce relevant policy, and beef up the "window guidance" over credit to the real estate sector.But he restated banks should continue to support first-time home buyers.Liu also told banks to continue lending to fund rural development, small business, consumer spending and environmental protection.He said banks should keep adequate capital and heed of resurgence of bad loans.
BEIJING, Jan. 12 (Xinhua) -- China was flexing its muscles to fight corruption which was still an "persistent, complicated and arduous" task, said an expert as the internal anti-graft body of the Communist Party of China (CPC) convened its three-day plenary session. President Hu Jintao told the meeting of the CPC Central Commission for Discipline Inspection (CCDI) that the Party should "fully recognize the situation of the fight against corruption," which was "persistent, complicated and arduous." Last year, at least 15 ministerial or provincial level officials, including heads of State-owned enterprises (SOE), were investigated for corruption, nine of whom were referred for prosecution, the CCDI said. Among them were former Supreme People's Court Vice President Huang Songyou, who was the first supreme court justice in China removed for grave violations of the law and the Party discipline. "The graft fight and the promotion of a clean and honest work among Party cadres has a great bearing on the Party's survival," Prof. Huang Zongliang of Beijing University told Xinhua. Huang said despite the arrests of many high-ranking officials, the graft situation did not "show any sign of relaxation," citing the 2009 corruption index of the Transparency International, a Berlin-based non-government organization. Among the annual ranking of the world's countries and regions of 180, China ranked 72nd. Countries and regions towards the end of the list means more corrupt. Huang said China's ranking was low and there was little progress compared with that of previous years. ASSET REPORTING SYSTEM IN THE PIPELINE He said to build a system of officials' asset reporting was an effective way to prevent corruption. The communique of the last CCDI plenary session in September said officials should "report their properties and investment as well as employment of their spouse and children," and authorities should enhance management of officials who had family members living overseas. Such requirement was in response to several cases of corrupt officials who fled the country with huge amount of public funds. Huang said the public applauded the move to set up an officials' assets declaration system, as it signaled the Party's effort in pushing for transparency. Currently, the program has been tested in several regions, including eastern Zhejiang and Shanghai and far western Xinjiang. At the CCDI's plenary session Tuesday, Hu, also general secretary of the CPC Central Committee, said supervision and monitoring should be enhanced to form an effective corruption prevention system. Vice Minister of Supervision Qu Wanxiang also pledged last week to tighten supervision on the SOEs and fight corruption among their executives. At least 35 senior executives of China's large SOEs faced corruption charges last year, said a report by Faren Magazine, affiliated to the Legal Daily and overseen by the Ministry of Justice. Among them was Kang Rixin, general manager of the China National Nuclear Corporation (CNNC), who has been under investigation for alleged grave violations of Party discipline since August. Another prominent case involved Chen Tonghai, former chairman of China's state-run oil refiner Sinopec, who was found to have taken almost 200 million yuan (29.4 million U.S. dollars) in bribes and given a death sentence with a two-year reprieve in July. Latest statistics show more than 106,000 officials in China were penalized for disciplinary violations from January to November last year. President Hu vowed that no corrupt official would be above the law and Party discipline.
ay station ticket lobby. Under the new rule, ticket check might take much longer time at the railway station. Unlike an airplane that can only carry hundreds of passengers, a train normally carries 2,000 passengers and it will take long time to get all passengers aboard. Possible delays at the train station might cause security problems, said a railway ministry official at a press conference late last year. Fake identity cards or documents will be another problem. According to the statement issued by the Ministry of Railways, besides ID cards, other identification documents such as diplomat certificates, military IDs, and consulate certificates, are all applicable when purchasing a ticket. As most of these certificates couldn't be checked online, some netizens questioned if the ticket sales staff could tell the difference between a real certificate and a fake one. "To improve the efficiency of ticket check, we have added another 100 ticket entrances and 3,000 ticket check staff at the train station," said Huang Xin, director of passenger service department of Guangzhou Railway Group said. The Guangzhou Railway Group also started to use a new ID recognition system, including an ID card reader, a camera and a printer, to shorten the ID verification time. "The real-name system aims to crack down on scalpers," Huang said," We're sorry for the inconveniences that might be caused by the trial. But We badly need understanding and support from passengers." People enter the Beijing West Railway Station in Beijing, capital of China, Jan. 17, 2009. Tens of millions of Chinese are traveling to their home towns or vacation spots for the Lunar New Year, or the Spring Festival, which falls on Jan. 26 this year
BEIJING, Feb.25 (Xinhua) -- China's energy consumption per 10,000 yuan (about 1464.1 U.S.dollars) of gross domestic product (GDP) dropped 2.2 percent in 2009, China's National Bureau of Statistics (NBS) said here Thursday.Preliminary estimates indicate that the total amount of energy consumption last year stood at 3.1 billion tonnes of standard coal equivalent, up 6.3 percent compared to the 2008 level, according to a report released on the NBS website Thursday.The report did not reveal the exact amount of energy consumed per 10,000 yuan of GDP, but the figure for 2008 was 1.10 tonnes of standard coal, according to a previous NBS report.China's water consumption per 10,000 yuan of GDP totalled 209.3 cubic meters in 2009, down 7.6 percent from a year earlier. Water consumption per 10,000 yuan of industrial output was 116.4 cubic meters in the same period, down 8.2 percent from 2008, said the report.The report also showed that China consumed 3.02 billion tonnes of coal, 380 million tonnes of crude oil, 88.7 billion cubic meters of natural gas and 3,697.3 billion kilowatt hours of electric power in 2009, up 9.2 percent, 7.1 percent, 9.1 percent and 6.2 percent year-on-year, respectively.China has been making efforts to raise energy efficiency by eliminating high energy-consuming equipment and introducing energy-saving technologies, said the previous NBS report.Energy consumption per 10,000 yuan of GDP was down 1.79 percent year-on-year in 2006, 4.04 percent in 2007, and 4.59 percent in 2008, according to NBS.
UNITED NATIONS, Jan. 21 (Xinhua) -- A senior Chinese diplomat announced here on Thursday that China has decided to contribute an additional 2.6 million U.S. dollars in cash to quake-hit Haiti and send a 40-member medical care and epidemic prevention team to the Caribbean country.The announcement came as Liu Zhenmin, China's deputy permanent representative to the United Nations, was taking the floor at the second briefing/pledging conference of the UN Office for the Coordination of Humanitarian Affairs (OCHA) for Earthquake in Haiti, which opened here on Thursday afternoon.A strong earthquake on Jan. 12 has left many people dead, including 61 UN staff members working in the island country, and a lot of buildings damaged or destroyed.Cao Li (L), a member of China International Search and Rescue Team, gives psychotherapy to a young Haitian woman in Port-au-Prince Jan. 20, 2010. Members of China International Search and Rescue Team came to a local medical center on Wednesday to offer medical help and psychological consultations to people injured at the Jan. 12 earthquake."At today's meeting, I am honored to announce that the Chinese government has decided to contribute an additional 2.6 million U.S. dollars in cash to Haiti, send a 40-member medical care and epidemic prevention team to Haiti and provide additional medicine and medical equipment to the country," Liu said."We support the United Nations in playing an important coordinating role in disaster relief and reconstruction in Haiti," he said. "We hope that the Haitian people, with the help of the international community, will overcome the difficulties, rebuild their homes and achieve self-reliance at an early date."The new Chinese contribution follows a Jan. 13 decision of the Red Society of China to donate one million U.S. dollars in cash to Haiti, he said. "On Jan. 15, the Chinese government announced its decision to provide 30 million yuan (about 4.4 million U.S. dollars) worth of humanitarian emergency supplies to Haiti."The first charter plane loaded with these supplies arrived in Haiti on Jan. 17, bringing to the local people medicine, tents, portable emergency lights, water purification equipment, food, drinking water and clothes, he said. "The second plane, which was delayed due to limited capacity of the Haitian airport, will arrive on Jan. 26."Since Jan. 13, the 60-member emergency rescue team sent by the Chinese government has fully engaged in disaster relief in the Haitian capital Port-au-Prince, he said. "The team has carried out effective search and rescue operations at the headquarters of MINUSTAH (the UN Stabilization Mission in Haiti), the prime minister's palace and other places, with a number of bodies found, including those of Special Representative Hedi Annabi of MINUSTAH and other UN staff.""The medical team of the Chinese rescue team are providing medical support for several hundred local people everyday," he said. "At this very moment, the Chinese international rescue team is still working at this forefront of disaster relief in Haiti and doing its utmost to help more people affected by the earthquake."Since the earthquake struck Haiti on Jan. 12, the international community has worked in solidarity to offer a helping hand to the Haitian people and government, he said. "At present, disaster relief in Haiti is in full swing.""The Chinese government highly commends the timely and effective assistance provided to Haiti by the United Nations, which has won the wide acclaim of the international community and laid a good foundation for the next phase of reconstruction efforts," he said.