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BEIJING, March 6 (Xinhua) -- A 17 percent year-on-year increase in China's broad money supply, and a target of 7.5 trillion yuan (1.1 billion U.S. dollars) for this year, indicated a relatively easy monetary policy, said Su Ning, deputy governor of the People's Bank of China, the country's central bank.Speaking on the sidelines of the ongoing annual session of the top legislature, the National People's Congress (NPC), Su said the 17 percent increase in the nation's broad money supply was larger than the combined increase of targeted GDP and CPI growth, which suggested an "easy" monetary policy."If M2 (the broad measure of money supply) growth is 2 to 3 percentage points higher than the combined growth of GDP and CPI, the monetary policy could be seen as easy," said Su.Chinese Premier Wen Jiabao said Friday, in the government work report submitted to the NPC, that China targeted an approximate 3 percent rise in consumer prices and 8 percent GDP growth this year.Su further believed the 17 percent increase in the broad money supply would be able to support the ongoing economic recovery throughout the country.China's financial institutions lent a record 9.6 trillion yuan in new yuan-denominated loans last year, almost double that of the previous year, to spur the economy amid the global downturn, but it was accompanied by soaring property prices and rising expectations of possible inflation.Su said the 7.5 trillion yuan in new lending this year should speed up completion of projects under construction, rather than support new projects.

BEIJING, March 8 (Xinhua) -- China will provide speedy visa processing for visitors to the upcoming World Expo, as well as more hotel space with help from surrounding cities, according to an organizer of the event.With support from the Foreign Ministry, it is already "an established policy" to provide quick visa processing for Expo visitors from around the world, said Zhou Hanmin, deputy director of the Shanghai 2010 World Expo Executive Committee, speaking here on Monday.He made the remarks at a press conference on the sidelines of the annual session of the National Committee of the Chinese People's Political Consultative Conference, the country's top advisory body. Zhou Hanmin, member of the 11th National Committee of the Chinese People's Political Consultative Conference (CPPCC), speaks during a news conference held by the Third Session of the 11th National Committee of the CPPCC on the 2010 Shanghai World Expo in Beijing, capital of China, March 8, 2010To receive the coming waves of visitors, a total of 550,000 beds will be available inside Shanghai during the Expo, and visitors can stay in nearby cities if Shanghai cannot hold all of them, said Zhou.To further assist, efforts have been made to provide easy transportation between Shanghai and its surrounding cities, he said.World Expo 2010, which is scheduled to be held in Shanghai from May 1 to October 31, is expected to attract 70 million visitors, of which more than 5 percent will come from abroad, according to Zhou.

BEIJING, March 6 (Xinhua) -- China will further improve the formation mechanism of exchange rate of the renminbi, or the country's currency yuan, to keep the exchange rate basically stable at an adaptive and balanced level, the People's Bank of China said Saturday.The central bank made the statement in a report delivered to media during a press conference on the sideline of the annual parliament session.  Zhang Ping, Chairman of National Development and Reform Commission (NDRC), Xie Xuren, the Minister of Finance, Chen Deming, the Minister of Commerce, and Zhou Xiaochuan, governor of the People's Bank of China, attend a news conference of the Third Session of the 11th National People's Congress (NPC) on the enhancement and improvement of macro-economic control held at the Great Hall of the People in Beijing, China, March 6, 2010.

UNITED NATIONS, March 24 (Xinhua) -- China on Wednesday voiced its support for the international efforts to promote the Middle East peace process, saying it will continue to play a constructive role in working with the international community for durable, comprehensive and fair solution in the Middle East.The statement came as Li Baodong, the Chinese permanent representative to the United Nations, was speaking to reporters here after the UN Security Council met on the current situation in the Middle East.Li said that China is deeply concerned about the long-stalled peace process in the Middle East. "We believe that it's very important to restart the peace process," he said. Li Baodong, Chinese permanent representative to the United Nations, speaks to reporters after the UN Security Council met on the current situation in the Middle East at the UN headquarters in New York, the United States, March 24, 2010. China on Wednesday voiced its support for the international efforts to promote the Middle East peace process, saying it will continue to play a constructive role in working with the international community for durable, comprehensive and fair solution in the Middle East"In that regard, we support the efforts made by (UN) Secretary- general Ban Ki-moon for Quartet and other parties to bring back the peace process on track."It is of paramount importance now to all parties concerned is to refrain themselves from taking proactive actions, he said."In China, we will be playing very important and constructive role along with the international community and strive for durable, comprehensive and fair solution in the Middle East," he said.

BEIJING, March 7 (Xinhua) -- Drought had affected 61.31 million Mu (4.09 million hectares) of farmland in southwestern China as of March 5, according to the latest figure from the Ministry of Agriculture (MOA).About half of the affected, or 32.95 million Mu (2.20 million hectares), was seriously damaged, according to the MOA.The affected acreage was in Yunnan Province, Guangxi Zhuang Autonomous Region, Guizhou Province, Sichuan Province and Chongqing Municipality.The areas contributed to about 16 percent of the country's annual grain output, and thus were important to the country's overall grain output, according to the MOA.

来源：资阳报