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SHANGHAI, Aug. 14 (Xinhua) -- All entertainment activities at the Shanghai World Expo will be suspended Sunday in a show of respect for the victims of a massive mudslide in northwest China's Gansu Province.The Chinese national flags at the Expo Garden would fly at half-mast, and both the music broadcast at the opening and during the day would be stopped, the Shanghai Expo Bureau announced Saturday.Sun Weimin, the Expo Bureau's concierge director, said flags of the Bureau of International Expositions and the Shanghai World Expo would also fly at half-mast.Other Expo participants could decide for themselves whether to fly their flags at half-mast.The announcement was in line with that of the State Council, China's cabinet, which ordered suspension of all public entertainment and that Chinese flags fly at half-mast Sunday.The mudslide, which hit Zhouqu County, Gannan Tibetan Autonomous Prefecture, on Aug. 8 has killed at least 1,239 people and an estimated 505 are still missing.According to the Expo Bureau, the Gansu Pavilion will hold a "solemn and simple" ceremony starting 10 a.m. Sunday. The big screen in the pavilion will broadcast pictures and videos of disaster relief in Zhouqu County.On Saturday night, a performance from Chongqing Municipality will include a tribute to victims of the Aug. 8 mudslide.Almost 100 performances and cultural activities scheduled for Sunday would be suspended. A performance by the Panama national troupe, scheduled Sunday morning at the Panama Pavilion, would be held on Saturday evening, a pavilion spokesman told Xinhua.Sunday also marked the National Pavilion Day for Equatorial Guinea. Whether the scheduled celebration to be held was still under discussion, said the Expo Bureau.Since Aug. 8, volunteers at the Shanghai Expo have put stickers with four Chinese characters "May Heaven Bless Zhouqu" on their uniforms, to call for attention on the mudslide-hit area. On the sticker is a picture of Zhouqu, taken by an Expo volunteer who had just returned from a volunteer teaching program in the county.Donation boxes in the Pavilion of International Federation of Red Cross and Red Crescent Societies have received donations for Zhouqu.

BEIJING, Aug. 5 (Xinhua) - China's banking regulator on late Thursday said the hypothetical situations in the risk tests of banks, such as a possible slump in property prices, does neither indicate the regulator's judgment on the property market nor possible changes in government property policies.The China Banking Regulatory Commission (CBRC) reaffirmed in an online statement that it allows banks in regions with soaring property prices to suspend loans for third homes according to their assessment on credit risks.The CBRC also said the down payment and the lending rate for third homes mortgage loans should be raised, but the specific amount should be determined by banks.The declaration was made in response to domestic reports that the CBRC had ordered banks in Beijing, Shanghai, Shenzhen, and Hangzhou to stop issuing loans to third home buyers.According to Bloomberg's Thursday report, the banking regulator had told lenders to include worst-case scenarios of prices dropping 50 to 60 per cent in cities where they have risen excessively, which signaled that the government might be growing more concerned about the health of the real estate market.
BEIJING, Aug. 16 (Xinhua) -- China's central bank and banking regulatory commission have ordered the country's financial institutions to provide preferential loan policies to victims in the mudslide-hit regions of Gansu and Sichuan provinces.The minimum down payment for a home in the disaster-affected urban regions could be reduced to 10 percent while the interest rate for home loans could be cut to possibly 60 percent of the benchmark rate, the People's Bank of China, the central bank, and China Banking Regulatory Commission said in a joint statement issued over the weekend.Banks were also asked to help ease loan pressures for rural residents in the disaster-affected regions.A massive mudslide, which took place on Aug. 8 in Zhouqu County of northwest China's Gansu Province, has killed 1,248 people as of 4 p.m. Sunday, with 496 still missing. Flooding and mudslides in southwest China's Sichuan Province has left at least 13 dead and 59 missing.
来源:资阳报