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BEIJING, Jan. 27 (Xinhua) -- China's banking regulator asked lenders to keep credit growth at reasonable pace in 2010 and vowed to tighten supervision on property loans amid increasing risk of asset bubbles."Banks should reasonably control new loans, better manage the pace and try to achieve balanced issuance and steady growth of credit quarter by quarter, " Liu Mingkang, chairman of the China Banking Regulatory Commission (CBRC) at a meeting on Tuesday.Despite regulator's repeated warnings on risks hidden from the record 9.6 trillion yuan of new loans last year, banks rushed to lend more than 1 trillion yuan in the first month of this year in fear of the expected tighter loan policy in 2010 after the credit binge last year as media reported.An official with the Industrial and Commercial Bank of China told Xinhua the credit growth in the first ten days of January was a little bit fast, and turned smooth in the last days of the month.According to the statement posted on CBRC's Web site on Wednesday, Liu said the regulator will pay special attention to the changes in the property market, strictly enforce relevant policy, and beef up the "window guidance" over credit to the real estate sector.But he restated banks should continue to support first-time home buyers.Liu also told banks to continue lending to fund rural development, small business, consumer spending and environmental protection.He said banks should keep adequate capital and heed of resurgence of bad loans.

BEIJING, Feb. 25 (Xinhua) -- China's Ministry of Supervision said Thursday it would enhance supervision to key sectors and leading officials this year to ensure clean and efficient work in promoting the country's sound economic and social development.The supervision and examination would target corruption in project construction, real estate development and land management, as well as corruption behind major accidents, the ministry said in a circular outlining major works in 2010.The ministry would investigate officials who meddled in construction projects against relevant regulations to seek personal gains, staff of supervisory organs who were negligent of duty or took bribes, and those who involved in serious commercial bribery cases, the circular said.The ministry vowed "zero tolerance" for these cases, it said.The ministry promised to step up its efforts this year to ensure the implementation of the central government's major arrangements for accelerating the adjustment of economic growth mode and promoting steady and fast economic development.It would also strengthen supervision and examination to make sure local governments will take measures to check the rocketing real estate price in some cities to ensure the sector's healthy development, it said."Lazy and incapable" officials would also be targeted in the supervision to ensure efficiency of government work, according to the circular.China has intensified its fight against corruption recently.In its latest effort, the Communist Party of China (CPC) Central Committee Tuesday listed 52 unacceptable practices in an ethics code for CPC cadres to follow.The code forbids conducts including accepting cash or financial instruments as gifts, and using their influence to benefit their spouses or children with regards to their employment, stock trading or business.

BEIJING, March 19 (Xinhua) -- China's Vice Minister of Culture Zhao Shaohua and Australian Ambassador to China Geoff Raby Friday signed a memorandum of understanding (MOU) on reciprocal years of culture (2010-2012) between China and Australia.The Year of Australian Culture in China, the opening ceremony of which is scheduled for June 8 in the National Center for the Performing Arts, lasts from June 2010 to June 2011.It will be a showcase of cooperation between China and Australia in the fields of art, music, performance, literature, film and other media.It will include an Australian aboriginal art exhibition held in the National Art Museum of China and art performances jointly produced by Chinese and Australian artists.As the first step, the National Museum of Australia and the National Art Museum of China Monday signed a memorandum of understanding to put arrangements in place for reciprocal touring exhibitions in China and Australia from 2010 to 2012 and facilitate future cultural exchanges.According to a joint statement released during the visit of China's Vice Premier Li Keqiang to Australia last year, the Year of Australian Culture in China is scheduled from 2010 to 2011, and the Year of Chinese Culture in Australia from 2011 to 2012.China's Ministry of Culture is actively preparing for the Year of Chinese Culture in Australia.

CAIRO, March 3 (Xinhua) -- The commander-in-chief of Egyptian armed forces met Wednesday in Cairo with visiting Deputy Chief of General Staff of the Chinese People's Liberation Army Ma Xiaotian, pledging to strengthen bilateral military ties.Mohammed Hussein Tantawi, who is also Egyptian Minister of Defense, said during the meeting that the two countries have seen close cooperation in military, political and economic fields in recent years, which serves both countries' interests as well as regional and world peace and stability."The Egyptian military attaches great importance to the friendly relationship with the Chinese counterpart and expects more efforts to be made to further improve pragmatic cooperation," Tantawi said.For his part, Ma said the two sides enjoy long-term friendly relationship, and fruitful cooperation has been accomplished in the fields of high-level visits and professional personnel training."The Chinese side is willing to make joint efforts with the Egyptian side to consolidate the traditional friendship and push forward the in-depth cooperation between the two militaries," Ma said.Ma arrived in Cairo on Tuesday. During his visit, he also presided over the first session of the Chinese-Egyptian Defense Cooperation Commission.

BEIJING, Feb. 8 (Xinhua) -- Chinese Vice President Xi Jinping on Monday stressed knowledge of the Scientific Outlook on Development through study of senior leaders' insights into the transformation of the economic growth mode.Xi, a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, made remarks during a meeting on the study and implementation of theory.Xi said various requirements for the transformation of the economic growth mode are of significance to the study and implementation of the theory and the victory in the fight against the financial crisis.Chinese Vice President Xi Jinping (C), also a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, addresses a meeting on further study and implementation of the Scientific Outlook on Development in Beijing, capital of China, Feb. 8, 2010. At a seminar for provincial and ministerial level officials which ran from Feb. 3 to 7, Chinese president Hu Jintao and other senior leaders made speeches on the transformation of the country's economic development mode and its sustainable development.Hu urged the country to enhance its capacity for independent innovation, deepen reform of the system for managing science and technology, and speed up its building of a "grand" pool of innovation-oriented talented people in a bid to give scientific and technological support for the transformation.Xi called on officials to listen to public opinion during their travels during the New Year holiday, and to be on the lookout for problems and to solve them.The CPC launched the Scientific Outlook on Development study campaign in September 2008. It emphasizes the well-being of people and a comprehensive, coordinated and sustainable approach to development.The campaign, scheduled to end late this month, garnered wide participation with more than 75 million CPC members taking part.