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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. 23 (Xinhua) -- China expects Japan to make joint efforts so as to maintain and advance the two nations' ties, said Foreign Ministry spokesman Ma Zhaoxu on Saturday.Ma made these remarks when asked to comment on a statement made by Japan's Foreign Minister Seiji Maehara who reportedly said on Friday that as the world's second and third largest economies, Japan and China should work together to continue pushing forward the two countries' strategic links."We have taken note of the statement. We expect Japan to work with us in joint efforts to maintain and advance the strategic bilateral relationship of mutual benefit," Ma said.Maehara said on Monday China's countermeasures in September following Japan's detention of a Chinese trawler captain near the Diaoyu Islands in the East China Sea were "hysterical."Ma responded on Tuesday that China was shocked by the comments and urged Japan to take concrete actions to repair ties.

CHANGCHUN, Sept. 2 (Xinhua) -- Economic cooperation and investment among northeast Asia countries is accelerating, a senior trade official of the Democratic People's Republic of Korea (DPRK) said Thursday in Changchun, capital of northeast China's Jilin Province."Northeast Asia has the advantages of modern technology, abundant natural resources and huge markets, which lays a solid foundation for common prosperity through cooperation," Koo Bon-Tai, vice trade minister of the DPRK, said at the Sixth Northeast Asia Investment and Trade Expo.Northeast Asia plays an important role promoting regional development, prosperity and security, said Xie Zhenhua, vice minister of China's National Development and Reform Commission.He added that the development of the Greater Tumen Initiative (GTI) will become a new growth point for China and northeast Asia."All mining, communication and infrastructure projects approved by the Mongolian government are related to the development of northeast Asia," said Noroviin Altanhuyag, the first deputy prime minister of Mongolia.According to Chen Weigen, Vice Governor of Jilin Province, the sixth Northeast Asia Expo will showcase Changchun, Jilin and the Tumen River and attract domestic and overseas enterprises to join regional development and cooperation in the Tumen River area.The Expo began Thursday in Changchun, which attracted 50,000 businessmen from home and abroad, including those from 110 of the world's top 500 companies.
XIAMEN, Sept. 5 (Xinhua) -- China's outbound direct investment (ODI) rose 1.1 percent year on year to 56.53 billion U.S. dollars in 2009, according to a government report issued Sunday.Non-financial ODI, which accounts for 84.5 percent of the total, stood at 47.8 billion U.S. dollars last year, up 14.2 percent from one year earlier, while the country's overseas investment in financial sectors declined 37.9 percent to 8.7 billion U.S. dollars, according to a report jointly released by the Ministry of Commerce, the National Bureau of Statistics and the State Administration of Foreign Exchange.By the end of 2009, Chinese enterprises established 13,000 overseas companies in 177 countries, with combined assets topping 1 trillion U.S. dollars, according to the report.
来源:资阳报