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BEIJING, May 3 (Xinhua) -- Chinese President Hu Jintao encouraged college students to help advance the country's modernization drive on the eve of Youth Day, calling on them to "nourish lofty ambitions."Replying a letter from students and teachers of the China Agricultural University, Hu said he hoped they could nourish lofty ambitions and contribute to the country's endeavor to solve the issues concerning agriculture, farmers and rural areas.He said the issues are on the top agenda of the central authorities, and the modernization of agriculture is a major task in the country's overall plan to realize modernization.The task means huge responsibility for colleges and institutes specialized in agricultural studies, while at the same time it also offers a platform for agriculture learners and researchers to display their talents, Hu said.The Beijing-based university is a top higher learning institution specialized in agriculture in China. Hu visited the university and talked with students and teachers there a year earlier before Youth Day, which falls on May 4.
SHANGHAI, May 17 (Xinhua) -- China will endeavor to quicken the pace of development of its information and communications sector, China's Minister for Industry and Information Technology Li Yizhong said here Monday.Li made the remarks at an event celebrating the 145th anniversary of the International Telecommunication Union (ITU) held at the Shanghai World Expo park.The ITU Monday presented the World Telecommunication and Information Society Award to Malaysian Prime Minister Najib Razak; Wang Jianzhou, Chairman and CEO of China Mobile; and Robert Kahn, President and CEO of the Corporation for National Research Initiatives.Li Yizhong, Chinese minister of industry and information technology, speaks during the celebration of the International Telecommunication Union (ITU) Honor Day at the Shanghai World Expo in Shanghai, east China, on May 17, 2010, the Day of the World Telecommunication and Information Society.The laureates were recognized for their contribution to the ongoing digital revolution and their dedication to promoting information and communication technologies as a means to a better life for humanity, the ITU said in a statement on its website.A total of 189 countries and 57 international organizations are presenting their best at the six-month Shanghai World Expo under the theme of "Better City, Better Life."

BEIJING, April 15 (Xinhua) -- The Chinese government said Thursday it plans to increase the land supply available for residential property, in a bid to guide the country's runaway property market into more healthy development.China will supply 180,000 hectares of land nationwide to build houses this year, excluding the Tibet Autonomous Region, compared with an area of 76,461 hectares in 2009, the Ministry of Land and Resources (MLR) said.Areas for low-cost housing, renovated shanty houses and small- and medium-sized apartments will be allocated more than 70 percent of the total land supply, the ministry said.In breakdown, areas for small- and medium-sized apartments alone would reach 80,431 hectares this year, exceeding China's total land supply in 2009.Some 35,786 hectares would be allocated for renovated shanty houses, accounting for 19 percent of this year's total land supply.Areas for low-cost housing, consisting of affordable housing and low-rent housing, would be given 24,454 hectares, more than double the 2009 figure.The central government vowed to build three million low-cost apartments for low-income families and renovate 2.8 million shanty houses at the Third Session of the 11th National People's Congress in March this year."We merely need 12,000 hectares to meet the goal set by the central government to build the three million low-cost apartments, well below this year's planned land supply for this part," said Liao Yonglin, director of the department of land use management of the MLR.
BEIJING, May 6 (Xinhua) -- Beijing police have refuted a rumor that a school attack occurred Thursday morning at a primary school in the city.An Internet post said an attack was carried out at Xiwang Primary School at around 9 a.m. in Sibozi of Beijing's Changping District and the police evacuated all the students on campus."There is no such school in Sibozi. And we never received a report of a school attack," said a spokesman with the Beijing Municipal Public Security Bureau Thursday afternoon.The police have launched an investigation into the source of the rumor, said the spokesman.The rumor came after a series of recent school attacks in China's Fujian, Guangdong, Jiangsu and Shandong provinces.
BEIJING, March 31 -- The appointment of three new academic members to the central bank's monetary policy committee on Monday reflects the increasing inclusiveness of monetary policymaking, but may not have any apparent bearing on the timing of an interest rate hike, analysts said.The People's Bank of China (PBOC) said three Chinese economists - Xia Bin, Li Daokui and Zhou Qiren - will replace Fan Gang, the only academic member of the committee, which advises on major monetary issues."Adding two more academics to the monetary policy committee is a welcome change," said Wang Tao, head of China economic research at UBS Securities. "I hope this helps to increase healthy debate within the committee, and increase the independence of monetary policy.""The appointment of three academic members this time - instead of one - indicates the increasing importance of academic voices in monetary policymaking and the three, with different backgrounds, are expected to complement each other to add to the inclusiveness of the panel," said Sun Lijian, an economist with Fudan University. It would make the country's monetary decision-making more rational, he said.Going by their recent comments on inflation, with Li saying that China could precede the United States in raising the rates and Zhou urging a timely and firm exit from stimulus policies, it is speculated that their appointment may signal chances of an earlier rate hike.Zhou said in a February speech that it was high time that China exited from the stimulus measures. "Given the past experiences, the stimulus through expanding money supply and debt only has a short-term effect," he said in the speech.One of the side effects of the stimulus is rising inflation. "The price of the stimulus policies is mainly the adverse effect of the large-scale release of money on the overall market price situation," he said. "We have seen it on the market."Li said early this month once China's consumer price index (CPI), a major measure of inflation, rises 3 percent, the country is set to increase the rates. China's CPI rose by 2.7 percent year-on-year in February.He also said on Monday that China may suffer from exported inflation from developed economies as their continued relaxed monetary policy would lead to surging raw material prices and large-scale capital flowing into the emerging economies, including China.Meanwhile, China should keep itself alert against possible price rises due to weather changes, such as the recent severe drought in southwestern regions.Xia Bin said on Monday that three factors should be taken into account when deciding on whether to raise the interest rates. It should be considered if real negative deposit interest rates occurred. But if inflationary expectations are not strong, the hike would be inappropriate. Moreover, China should not move ahead of the US since it would bring in speculative capital.China's benchmark one-year deposit rate stands at 2.25 percent.Dong Xian'an, chief macroeconomic analyst of Industrial Securities, said economic fundamentals should be the paramount determinant in interest rate related policymaking and the appointment of a new monetary policymaking panel would not have any substantial bearing on the timing of the possible hike.The month-on-month CPI figure is a crucial factor and as it continues to rise, the hike may come in the second quarter of this year, he said.
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