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BEIJING, Feb. 5 (Xinhua) -- Despite profound changes in the global economy, China's banking industry expects steady growth during the 12th Five-Year Plan (2011-2015), a senior banker said Saturday.China's steady and relatively fast economic growth is expected to lay a solid basis for the development of the commercial banks' main businesses, said Hu Huaibang, chairman of Bank of Communications, the fifth-largest lender.Meanwhile, the transformation of China's economic growth pattern would provide an impetus to the adjustment and optimization of the lenders' businesses, Hu said.Hu predicted businesses, such as consumer credit, asset management and credit cards, would enter a golden era over the next few years, along with the economy's shift to a domestic consumption-driven model from the current export-oriented growth pattern.Also, increases in personal wealth and growing numbers in the middle class would bring huge potential customers and development opportunities to the lenders, Hu said.Further, he urged Chinese banks to improve their services and launch new products to meet diversified demands.

JOHANNESBURG, March 8 (Xinhua) -- In order to combat piracy and to improve maritime safety, South African authorities have begun using a sophisticated navigation satellite system, it was announced on Tuesday.Piracy, especially by Somalis, has been increasing along Africa east coast in recent years. The South African Press Association (SAPA) reported on Tuesday that Karl Otto, head of the South African Maritime Safety Authority (SAMSA) announced the surveillance tool at a conference in Durban.Called Long Range Identification and Tracking (LRIT), the system monitors and tracks vessels in waters south of the equator.Otto said the introduction of the LRIT followed concerns over the safety of seafarers, the safety standards of ships within South African waters.Otto said there were high levels of cargo at risk, such as fuels and oils.He said reasons for installing the system included the number of shipwrecks along the South African coast, and the threat of pollution of the marine environment by ships."It also serves as a mechanism to prevent piracy."Otto said the satellite system has the capacity to identify and track vessels up to 1,000 nautical miles (1,850 km) from the South African coastline as well as South African-flagged vessels anywhere in the world."This is a revolutionary development in the security of our seas," he said.SAMSA was determined to protect South Africa's seafarers, its coastline and the marine environment, Otto said.

BEIJING, Feb. 2, (Xinhua) -- All Chinese travelers stranded in Egypt are expected to have been returned to China by Thursday, the start of the Spring Festival, said China's national tourism authorities late Wednesday.As of the Spring Festival Eve, most of the Chinese tourists stranded in Egypt due to the country's nation-wide protests had been flown back to China by chartered planes, according to a statement released by the National Holiday Office, an inter-ministerial agency led by the National Tourism Administration.China had sent a total of eight "special commercial flights" to Cairo, Luxor and Hurghada to bring back Chinese citizens stranded in these cities, and six of the planes had returned, carrying 1,371 people, including those from Hong Kong, according to the Chinese Foreign Ministry.The Spring Festival is the Chinese lunar New Year, a time for family reunions, according to Chinese tradition.The National Holiday Office has also issued warnings about traveling to Australia, as tropical cyclone Yasi was expected to make landfall in northeast Queensland late Wednesday local time.

BEIJING, Jan. 22 (Xinhua) -- Beijing is ready to kick off its first ever car license plates lottery, to be broadcast live both on TV and over the Internet on Jan. 26, said officials with the allotment office Saturday.A total of 17,600 car license plates will be allocated to qualified individual applicants through the lottery, in keeping with the principles of openness, fairness and equity, according to the office.Validation for the first batch of 210,178 individual applicants has been completed, and the office will make public the results, as well as lottery time and rules, on Tuesday.Applicants can check out the validation information at bjhjyd.gov.cn.The first group of car license plates for institution and company applicants will also be allocated through the lottery on the same day.The Beijing municipal government put in place the lottery mechanism at the end of last year in an effort to curb the capital city's fast growth of automobiles, which resulted in worsening traffic jams.The new mechanism seeks to reduce new car registrations by allowing only 240,000 in 2011, or about one-third of new cars registered in 2010.Data from the Beijing Municipal Commission of Transport (BMCT) shows there were only 78,000 cars in Beijing in 1978 and 200,000 in 1985.However, the number of cars soared after the country entered the 21st century amid fast economic growth and urbanization.Within 13 years, the number of cars in Beijing more than quadrupled to 4.76 million in 2010 from 1 million in 1997, according to the BMCT.

BEIJING, March 19 (Xinhua) -- In spite of the fact that snow still covers his farmland, Jiang Chen has been busy stocking fertilizers and seeds to prepare for the coming spring farming season."I am almost ready for the sowing," said Jiang, a 64-year-old peasant who farms five hectares of cropland in Liujia Township in Yushu City, northeast China's Jilin Province. "But the costs are rising so I still want to look for better seeds providing a higher yield this year."As the Chinese government continued policies to assure a good grain harvest this year, millions of farmers like Jiang in China's major grain-producing regions such as Jilin, Heilongjiang, Shandong and Henan provinces are now gearing up to finalize preparations for the coming sowing season.The central government's incentives in 2011 include increases in minimum rice purchase prices by 9.7 percent to 21.9 percent from last year, as well as 24.9 billion yuan (about 3.77 billion U.S. dollars) in subsidies to the national grain risk fund for farmers."Though farmers are richer now than before, our economic strength remains relatively weak as compared with urban residents," Jiang said.He noted that he was considering investing less this year because the cost of agricultural production has increased year after year.The average urea price from manufacturers and retailers rose about 10 percent from last year to about 1,980 yuan and 2,100 yuan per tonne at a grain and oil wholesale market near Yuquan Road in Beijing, where many farmers from neighboring Hebei, Henan and Shandong provinces buy agricultural fertilizers and additives.Urea is the primary fertilizer used by Chinese grain growers, though many of the farmers said that they would reduce the use the compound in their fields due to rising prices and the impact on wheat caused by the widespread drought in north China this winter.Wang Quan, the president of China National Agricultural Means of Production Group Corp., the country's largest supplier of agricultural materials, predicted that the use of urea during the spring farming season would be between 20 million tonnes to 25 million tonnes, which is about two fifths of the year's total.Wang said that the urea price is around 400 U.S. dollars per tonne in global markets, or 15.7 percent higher than the domestic price."I think it takes time for Chinese farmers to accept the price hikes gradually," he added.Analysts say that the different perceptions on urea prices between manufacturers and farmers may have affected China's crops because the reduced use of fertilizers usually mean less grain output in the country since many farmers depend more on fertilizers, rather than technology to boost production.China's grain output rose 2.9 percent last year to 546.41 million tonnes, marking the seventh consecutive year of growth. The country aims to keep its 2011 grain production over 500 million tonnes, according to an executive meeting of the State Council, or the Cabinet, Thursday.Chinese Premier Wen Jiabao said last month that rising costs of grain production, the lingering drought in north China's major wheat-growing regions and the weakening of agricultural production in some areas would directly affect China's summer grain output.Facing challenges such as higher costs for growing grain, Jiang believed that he could generate higher income from his crops this year with the support of the agricultural sector by the government."If the grain prices also rise this year, I can still earn a net income of 10,000 yuan for every hectare of farmland," Jiang said."I hope to keep my farmland from being seized for industrial or residential development," he added.

来源：资阳报