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BEIJING, Sept. 17 (Xinhua) -- The People's Bank of China (PBOC), or the central bank, announced Friday it would continue the country's moderately easy monetary policy while making it better-targeted and more flexible in the coming months of this year.The PBOC made the announcement in its report on China's financial stability, which was released on the PBOC's website.The PBOC said in the next stage it needs to skillfully handle the relationship between maintaining steady and rapid economic development, restructuring the economy and managing inflation expectations.Chinese banks should continue supporting the country's economic restructuring, guard against risks, change profit structures, and improve the capital replenishing and restriction mechanism, the central bank said in the announcement.The announcement noted that local government debt was rising quickly, corporate liquidity was decreasing with a high current debt ratio, and credit card advances were increasing despite mounting financial assets held by residents and the low debt level.It said the global financial crisis had revealed limitations and gaps in the existing regulatory system. To prevent systemic risks, the central bank would combine macro and micro-prudential supervision in its policy package.

BEIJING, Oct. 15 (Xinhua) - Members from friendship associations of China and Japan on Friday voiced their hope for people-to-people exchanges to help improve strained China-Japan relations after recent disputes.The proposal was launched at a conference held in the Great Hall of the People to mark the 60th anniversary of the establishment of the Japan-China Friendship Association (JCFA), a friendly group established on Oct. 1, 1950 with the view to promoting mutual understanding and cooperation between the two peoples and promote bilateral exchanges and trade."Friendly groups should take the 60th anniversary as a new starting point to deepen friendly exchanges between the two countries, especially between the youth, and contribute to the China-Japan strategic relationship of reciprocity," said President of the China-Japan Friendship Association (CJFA) Song Jian. He also spoke highly of the contribution made by the JCFA for the development of China-Japan relations.People-to-people exchanges have always played an important role in the history of bilateral relations. It not only helped the two countries normalize ties but also improve the bilateral relations when they were strained by some issues such as the visits paid by former Japanese Prime Minister Koizumi Junichiro to the Yasukuni Shrine.Regarding the recent friction between the two countries caused by a ship collision, people-to-people exchanges were expected to play a role again.Two Japanese Coast Guard patrol ships and a Chinese trawler collided on Sept. 7 in the waters off the Diaoyu Islands. Japan's subsequent illegal detention of the Chinese trawler and crew members resulted in strong protests from the Chinese government and public. China then halted bilateral exchanges at and above provincial and ministerial levels. The crew and the boat were released after the Chinese side took some countermeasures."China and Japan are neighboring countries separated by only a thin strip of water. People of the two countries boast a 2000-year history of friendly exchanges. The good-neighboring relationship between China and Japan is not only in the fundamental interests of the two peoples, but also conducive to the peace, stability and prosperity of the region and the world at large," Song said.He added that the history of the 20th century proved that it is in the fundamental interests of the two peoples to maintain peaceful coexistence, friendship lasting for generations, reciprocal cooperation and common development."It is a long-term and hard task to promote the development of the China-Japan friendship, and it needs the efforts from both sides," Song said.For his part, JCFA's vice chairman Shoichi Ide also pledged to make efforts to deepen mutual understanding between the two countries.Japan and China are facing a new situation to further deepen the bilateral strategic relations. The JCFA will take the 60th anniversary as an opportunity to actively carry out exchange activities and promote friendship between the two countries, he said.At the gathering, 30 people from the JCFA who have made remarkable contributions for the China-Japan friendship were awarded.Officials from the Chinese People's Association for Friendship with Foreign Countries, Chinese governmental departments and the two friendly associations also attended the conference.

BEIJING, Sept. 4 (Xinhua) -- Chinese Vice Premier Li Keqiang has pledged China would work with the international community to promote the sustainable growth of the oceans.Li made the remarks Friday when meeting with representatives to the 33rd Pacem in Maribus (Latin for Peace in the Oceans) Conference, which was held in Beijing Friday and Saturday.Li said China would attach great importance to conservation on the marine ecosystems in the process of exploiting marine resources, and actively develop the green marine economy.China would also improve the oceans' capability of preventing and reducing disasters, and comprehensively take part in international marine affairs, he noted.Patricia O'Brien, Under-Secretary-General for Legal Affairs and United Nations Legal Counsel, Awni Behnam, president of International Ocean Institute, Wendy Watson-Wright, Executive Secretary of the Intergovernmental Oceanographic Commission, and other marine scientists attended Friday's meeting with Vice Premier Li.They said that the international community should work together to cope with climate change and promote a sustainable development.Entitled "Oceans, Climate Change and Sustainable Development: Challenges to Oceans and Coastal Cities," the PIM conference has drawn 266 representatives from 30 countries and 12 international organizations.

SHANGHAI, Oct. 23 (Xinhua) -- An official of one of China's top government think tanks called on Saturday for the readjustment of the nation's breakneck expansion of the auto industry as an explosion of new cars on China's roads aggravates problems with pollution and congestion.Liu Shijin, deputy director of the Development Research Center of the State Council, told a forum that the government should shift its guidance to automakers from mere pursuit of output capacity to environment-friendly and energy-saving targets.Also, auto manufacturers should strengthen their safety and quality control standards, he said.Sales of domestically-manufactured autos rose 36 percent year on year to reach 13.14 million units in the months through September, as lower-priced automobiles have become more affordable for better-off Chinese people, according to data released by the China Association of Automobile Manufacturers (CAAM) on Oct. 12.In fact, annual sales and production could exceed 17 million, CAAM said.Although the expansion has brought an industrial boom to the country and boosted domestic demand, it has also triggered widespread concerns over the country's energy capacity, pollution levels and notorious traffic jams.In Beijing, the increasing number of private cars, along with heavy rainfall and a spurt in holiday travel, caused a record 140 traffic jams on a single Friday evening last month. In some parts of the city on that day people spent nearly two hours on what would normally have been a 15-minute commute.Further, Liu said increasing social problems arising from the country's industrial boom has made its future development unsustainable, which is a test for the government.He also suggested government allow market forces to play a larger role in allocating resources, and also permit uncompetitive producers to be phased out.

MATYBULAK RANGE, Kazakhstan, Sept. 16 (Xinhua) -- Ma Xiaotian, chief commander of the 1,000 Chinese troops taking part in the "Peace Mission 2010" in south Kazakhstan said Thursday that the ongoing military exercise of the Shanghai Cooperation Organization (SCO) is purely a strategic action against terrorism.MAJOR CONTRIBUTIONS TO REGIONAL, WORLD PEACE"Peace Mission 2010" involves 5,000 troops from five of the six SCO member states -- China, Kazakhstan, Kyrgyzstan, Russia and Tajikistan -- from Sept. 9 to 25. Uzbekistan is not taking part.The ongoing exericse never targets or constitutes a threat to any country, Ma emphasized.Ma, who is also deputy chief of the People's Liberation Army General Staff, said China's purpose in taking part in the military drills was the same as the previous six military exercises launched under the SCO framework."We aim to put in place a common understanding among SCO member states to further strengthen cooperation in various aspects, including national defense cooperation, maintaining regional security, peace and stability, and to show the resolution, willingness and capability of the SCO member states to fight the three evil forces of extremism, separatism and terrorism," Ma said.CHINA'S NEW EQUIPMENTMa said the Chinese weaponry used in the exercises were all new and by and large represented the latest development of Chinese troops' equipment.Ma said China had three goals in using the new equipment.Firstly, it showed China attached high importance to this joint exercise and defense cooperation among SCO member states, he said.Secondly, it indicated Chinese troops' determination, will and capability to strike terrorism.And thirdly, it promoted military transparency, Ma said.According to the Chinese general, the Chinese air troops were assembled home in Chinese territory and took part in the exercises by long-distance projection, which was the first time in the history of Chinese air forces.By contacting the troops of the other countries in the exercises, Chinese troops had also learned a lot of good practices and experiences, Ma said.JOINT DRILL ADVANCES SMOOTHLYMa said the massive joint drill had unfolded successfully at present.He said the troops had staged two joint training sessions with cooperation of command personnel and troops of all sides."The process of cooperation is also a process of mutual learning and understanding. It has become more smooth and much better," Ma said, "The next step is to switch to live firing and nighttime exercises once the conditions allow."KAZAKHSTAN'S EFFORTS FOR DRILLS' SUCCESS LAUDEDMa highly appreciated the efforts made by the Kazakh side to ensure the success of the anti-terror exercises.He said that Kazakhstan, as the host country, had made full preparations and arrangements for the drills in various aspects, including overall planning, force delivery, preparations for the drilling grounds, the designs of military field camps, and logistics support.EQUALITY, CONSULTATION, MUTUAL BENEFITWhen asked whether the drills were "dominated" by China and Russia, Ma said, before the drills started, all the five participating countries had jointly held four rounds of consultation and participated in the overall planning and designs of the drills.The principles of equality, consultation and mutual benefit were demonstrated and followed both during pre-drill training and the drills, Ma said.The common desire and consensus of the SCO member countries were reflected in the drills and requirements from each participating country had been taken into account, he said.He also noted that the succes of the SCO drills relied on the concerted efforts made by each participating member country.Joint anti-terror drills of the SCO entered the second phase on Monday at the Matybulak range near the largest Kazakh city of Almaty.