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BEIJING, Oct. 11 (Xinhua) -- China on Monday vowed to continue its financial support to reconstruction projects in areas ravaged by the major Wenchuan earthquake in 2008, promising lower rates on loans and demanding an easier deposit reserve requirement ratio from banks in the regions.The new pledge came in a joint statement on the website of the People's Bank of China, or the central bank, which announced the continued financial support along with the China Banking Regulatory Commission, the China Securities Regulatory Commission and the China Insurance Regulatory Commission.Banks in the quake-hit areas should continue to provide financial support and services to reconstruction projects in the regions, as post-earthquake reconstruction is still in a critical period, the statement said.The magnitude-8.0 quake, with its epicenter in Wenchuan in southwest China's Sichuan Province, left more than 87,000 people dead or missing and more than 374,640 injured. Millions of houses were also flattened during the major quake."We should keep the continuity and stability of our financial support to the regions and make our financial services better targeted and more effective," it said.According to the statement, local banks in the quake-hit areas will continue to enjoy a lower deposit reserve requirement ratio, compared with elsewhere, until June 30, 2011, and such banks will also be exempt from any hike of the reserve requirement ratio during this period.The statement ordered local bank branches in the quake-hit areas to provide prioritized financial services to projects in fields of infrastructure facilities, agriculture, medium and small enterprises, as well as ecological and environmental protection in the region.China's central bank and banking, securities and insurance regulators encourage eligible companies in the quake-hit regions to widen their finance channels through inter-bank short-term bond issuances, bills and other financial instruments, according to the statement.Also, local banks' preferential policies on loans to home reconstruction would remain unchanged in the quake-hit regions, it said.However, loans to projects with high consumption of energy and heavy pollution must be strictly controlled in a bid to facilitate energy-savings and reduce carbon dioxide emissions in the region, according to the statement.Chinese lenders had extended 172.4 billion yuan (25.35 billion U.S. dollars) loans for relief and reconstruction in regions devastated in the earthquake by the end of the first quarter, according to the central bank's figures released in May this year.Outstanding loans at banks in quake-hit provinces, including Sichuan, Shaanxi and Gansu, surged 34 percent year on year to 2.29 trillion yuan at the end of March.
XIAMEN, Sept. 7 (Xinhua) -- China will continue to attract large influxes of foreign investment in the next few years despite uncertainties in the global economic recovery, Commerce Minister Chen Deming said Tuesday.Although uncertainties lie in the process of the global economic recovery and the development trend of the world economy would, to some extent, affect foreign investment in China, the next few years will still be a high-tide period for foreign investment inflow into the country, Chen said Tuesday at a ministerial conference at the 2nd World Investment Forum (WIF) in Xiamen City in southeast China's Fujian Province."Currently, many countries and organizations have rated China as the most appealing destination for investment, which probably would not be changed for a few years," said the minister.Foreign direct investment (FDI) this year is set to "surpass 100 billion U.S. dollars," compared to 90 billion dollars last year, an official with the ministry predicted on Sunday.During the first seven months of this year, China's FDI increased 20.65 percent year on year to 58.35 billion dollars, according to the ministry' s latest statistics.Meanwhile, some 14,459 foreign-invested companies were established in China in the first seven months, up 17.9 percent year on year.

NANCHANG, Sept. 26 (Xinhua) -- A Chinese commerce official on Sunday called on foreign investors to maintain their confidence in the country, promising China would make continuous efforts to improve its investment environment.Qian Fangli, deputy director of the Department of Foreign Investment Administration under the Ministry of Commerce (MOC), made the statement at a forum during the Expo Central China 2010 that opened Sunday.Although operation costs in China were rising because of higher labor and raw materials costs, foreign investment continued growing rapidly " because improvements in China's investment environment helped lower their investment costs and boost confidence," Qian said.Further, she noted that the Chinese government would continue to improve policies to encourage foreign investors. But she did not provide further details.In the first eight months of this year, foreign direct investment in China totaled 65.96 billion U.S. dollars, up 18.06 percent from one year earlier, according to MOC statistics.The Expo Central China, scheduled to run from Sept. 26 to Sept. 28, invited economists, entrepreneurs and officials to attend. The expo seeks to promote development in central China, which spans six provinces -- Shanxi, Anhui, Jiangxi, Henan, Hubei and Hunan.
VIENNA, Sept. 16 (Xinhua) -- China supported the proposal of establishing a Middle East nuclear-weapon-free zone, a senior Chinese diplomat said here Thursday.China had always stood by strengthening the international non- proliferation regime, and committed to advancing the universality, effectiveness and authority of the Treaty on Non-Proliferation of Nuclear Weapons (NPT), said Hu Xiaodi, China's permanent representative and ambassador to the United Nations and Other International Organizations in Vienna.To this end, China supported building a Middle East nuclear- weapon-free zone, maintained Israel should join the NPT as a non- nuclear-weapon state at an early date, and put all its nuclear facilities under comprehensive safeguards of the International Atomic Energy Agency (IAEA), said Hu, who was addressing the IAEA board meeting, which started Monday."Meanwhile, all countries in the region should conscientiously fulfill NPT obligations, as well as sign and ratify the IAEA safeguards agreements and its Additional Protocols," Hu added.He went on to say China welcomed the proposal endorsed in the final document of the NPT Review Conference this May, which calls for convening an international conference in 2012 on the establishment of a zone free of nuclear weapons and all other weapons of mass destruction in Middle East.Hu also stressed the willingness of the Chinese to work with the international community for a non-nuclear-weapon area in the Middle East, and achieving peace and stability in the region.
STOCKHOLM, Sept. 12 (Xinhua) -- Swedish Parliament Speaker Per Westerberg on Sunday said that with the rapid economic development, China has played an increasingly important role in international and regional issues over the past years."Sweden is willing to further broaden and deepen cooperation with China in bio-pharmaceutical, energy and environmental protection fields, strengthen governmental, parliamentary and people's exchange between the two countries and promote sustainable development of bilateral relations," Westerberg said in a meeting with Liu Qi, a Chinese party official.Liu, a member of the Political Bureau of the Communist Party of China (CPC) Central Committee and secretary of the Beijing Municipal Committee of the CPC, arrived in Stockholm on Friday for a three-day visit.Swedish Parliament Speaker Per Westerberg (L) meets with Liu Qi (R), a member of the Political Bureau of the Communist Party of China (CPC) Central Committee and chief of the CPC Beijing Municipal Committee, in Trosa, Sweden, Sept. 12, 2010.Over the past 60 years since the establishment of the diplomatic relations between the two countries, bilateral exchange and cooperation in trade, education and tourism have been increasing and benefited both sides, Westerberg said.During the meeting, Liu said that with the frequent bilateral visits of high-level leaders, political trust in both sides have been strengthened."Bilateral cooperation in traditional fields have been fruitful while the cooperation in energy-saving, environmental protection and ecological city construction has been expanding," Liu said.He said China is willing to strengthen exchange and communication with Sweden and take the 60th anniversary as an opportunity to further tap the potential of cooperation and promote further development of bilateral relations.Liu also met Carl Bildt, Swedish minister of foreign affairs, and attended a signing ceremony between Beijing Economic and Information Committee and Ericsson for strategic cooperation.Liu came from Oslo before he arrived in Stockholm. He will continue to visit Iceland, the Netherlands and Switzerland after his tour in Sweden.
来源:资阳报