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BEIJING, April 26 (Xinhua) -- Chinese State Councilor Liu Yandong met with 159 foreign researchers and 55 young foreign scientists at the Biophysics Institute of the Chinese Academy of Sciences (CAS) in Beijing Monday.Liu extended sincere greetings to the researchers, who are employed by the CAS.Liu said it is in the common interest of all nations to increase cooperation in science, to confront the challenges from financial crises and climate change, as well as food and energy security.Liu said China attaches great importance to international science cooperation and exchange.She said China will continue to create a favorable living and working environment for foreign scientists.
TIANJIN, May 13 (Xinhua) -- Premier Wen Jiabao said Thursday that establishing a strategic relationship of cooperation between China and the Arab states was in the interests of all sides.In a meeting with Secretary General of the League of Arab States Amre Moussa in north China's Tianjin, Wen said the sides would discuss establishing the relationship.The fourth Ministerial Meeting of the China-Arab Cooperation Forum, which began Thursday, was attended by foreign ministers or representatives of China and Arab states and Amre Moussa.Wen said the new relationship was conducive to peaceful international development. The 4th Ministerial Conference of the China-Arab Cooperation Forum is held in China's northern port city of Tianjin, on May 13, 2010.China and the Arab states began to describe their relationship as a "new partnership" at the forum's second ministerial meeting in 2006.Wen said he believed more achievements would be made in the development of China-Arab ties, and the ministerial meeting would be a success.He hailed the forum's role in advancing China-Arab relations, saying it had become an important platform for dialogue and practical cooperation.The relationship set a good example for diverse civilizations to learn from each other, make exchanges, and seek common development, he said.Moussa said the Arab states hoped to carry out more exchanges and cooperation with China, in the hope of reinforcing political and cultural contacts, and cementing economic and trade cooperation through the mechanism of the forum.Moussa spoke highly of China's positive and constructive role in the Middle East issues.
BEIJING, May 31 (Xinhua) -- The People's Bank of China (PBOC), China's central bank, issued a circular Monday requiring banks to curb lending to energy-intensive industries, a move echoing government energy-saving and pollution-reduction measures.Banks must strictly review loan applications from companies in energy-consuming industries, the circular said, adding that only bank headquarters can extend loans to finance capacity expansion projects in energy-guzzling sectors.It also banned new credit to any projects not complying with government energy-saving policies.According to the circular, banks should conduct an overall review of loans to energy-intensive industries and report the results to the central bank by the end of June.The State Council, China's Cabinet, urged in early May all government departments make efforts to cut emissions and conserve energy to meet the country's target set in the 11th Five-Year Plan (2006-2010), according to which China will cut its per unit GDP energy consumption by 20 percent compared with 2005 levels by the end of 2010.
BEIJING, April 12 -- As the country begins to phase out obsolete production methods in an economic restructuring drive, industries with overcapacity are likely to face even tougher financing terms this year.In response to the government call to curb excessive capacity, the banking regulator earlier this year asked lenders to maintain strict controls on loans flowing into industries including steel, cement, plate glass, shipbuilding, electrolytic aluminum, the chemical processing of coal and polysilicon.Liu Mingkang, chairman of the China Banking Regulatory Commission, said that commercial lenders should readjust their credit structures to support the country's industrial upgrading and restructuring drive."Loans to industries with overcapacity were growing at a significantly lower pace last year compared with that of the overall credit expansion," he said. Given that the country was considering an exit from the loose monetary policy implemented to counter the financial crisis last year, analysts said credit avenues for industries listed on the government "blacklist" were set to be limited. The Chinese government is targeted to give out 7.5 trillion yuan in new loans this year, lower than the record 9.59 trillion yuan lent in 2009.Indeed, industries with excessive capacity have not benefited from the lending binge last year, as commercial lenders' loans to such industries continued to drop. China Construction Bank (CCB), the nation's second largest lender, said its loans to industries with overcapacity accounted for 12.8 percent of the bank's total outstanding loans as of the end of last year, down from 15.7 percent a year earlier."We've decided to gradually exit from lending to industries with excessive capacity, and will only support leading enterprises in these industries and projects approved by the government," said CCB Vice-President Chen Zuofu.Bank of China, the most aggressive in pushing out credit among Chinese lenders last year, said outstanding loans for overcapacity industries declined to 219 billion yuan as of the end of last year, and account for 7 percent of the bank's total corporate loans.
YUSHU, Qinghai, April 20 (Xinhua) -- The death toll has climbed to 2,064 from a devastating earthquake in northwest China's Qinghai Province, with 175 people still missing, the rescue headquarters said Tuesday.As of 5 p.m. Tuesday, the 7.1-magnitude quake, which struck the Tibetan Autonomous Prefecture of Yushu at 7:49 a.m. Wednesday, had also left 12,135 injured, of whom 1,434 were in serious condition, the rescue headquarters said.