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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.

BEIJING, June 5 (Xinhua) -- He Guoqiang, a Standing Committee member of the Political Bureau of the Communist Party of China (CPC) Central Committee, Saturday left Beijing for visits to Italy, Iceland, Norway, Lithuania and Turkmenistan.He, also head of the Central Commission for Discipline Inspection of the CPC, is making the visit at the invitation of the governments of the five countries.His entourage included officials from the CPC Central Committee's departments of international affairs and discipline inspection, as well as officials from the Ministry of Commerce and Guangdong Province.

BEIJING, May 2 (Xinhua) -- Chinese had donated 4.2 billion yuan (615 million U.S. dollars) in money and materials for quake-hit Yushu by Saturday, said a statement on the website of the Ministry of Civil Affairs.The donations included 3.51 billion yuan, and quake-relief materials worth 681 million yuan.The post said 604 million yuan, including 56 million yuan and materials worth 548 million yuan, had been channeled to the quake zone. Chinese armed police soldiers help local residents to excavate usable things in quake-hit Yushu County, northwest China's Qinghai Province, May 1, 2010.

BANGALORE, India, May 16 (Xinhua)-- A photo exhibition called "Charming Beijing" was held in Bangalore, the capital of southern India's Karnataka state on Sunday to observe the 60th anniversary of the establishment of diplomatic relations between China and India.Chinese Consul General in Mumbai Wang Donghua, Chairman of Legislative Council of Karnataka state Mattikatti, General Secretary of India-China Friendship Association Karnataka, Bhaskaran, and former Mayor of Bangolre and Ramachandra attended the the opening ceremony at Bangalore's largest art exhibition center Art Complex.Wang said the photo show, sponsored by the Chinese Embassy to India and the India-China Friendship Association, Karnatake, is part of the Chinese celebration activities in India to mark the 60th anniversary of China-India diplomatic relations."After establishing the diplomatic relations between India and China 60 years ago, we are able to have a friendly relation. In these years, the Chinese people were keeping very good relations with the Indian people, India became the largest partner of China in Asia, many Chinese people are visiting in Karnataka and Bangalore," said Bhaskaran.The general secretary said he believed the 21st century belonged to India and China, there is no force on the earth to stop the trend.At noon, many visitors crowded into the exhibition hall to enjoy the photoes featuring Bird's Nest, Water Cube, modern international airports, modern overpasses, the Great Wall, the Forbidden City, the Summer Palace, kite of long dragon, Hutong tour and Beijing opera.The photo exhibition in the "Silicon Valley of India" will last till May 20. The phote show was held to let more Indian know more about China's capital Beijing and to promote the mutual understanding and cooperation of the people in two counties, said the general secretary.

BEIJING, May 27 (Xinhua) -- Chinese Vice Premier Hui Liangyu has urged local governments and builders to ensure quake survivors in northwestern province of Qinghai have warm places to stay this winter."It's a priority for the government to build more permanent houses so quake survivors can move in before winter," Hui said at a State Council, or Cabinet, meeting in Beijing on Thursday, according to a statement released after the meeting.At the same time the government must start preparing enough tents, fuels and stoves for winter heating for those living in temporary shelters as soon as possible, he said.Winter temperatures in high-altitude Yushu region, where a 7.1-magnitude quake on April 14 killed about 2,200 people, could drop to 20 degrees below zero.Hui also urged efforts to provide enough food, improve medical services,and attend to the needs of vulnerable groups like orphans in the quake zone.The reconstruction in the quake zone would be mainly funded by the central government. Hui urged builders, mainly from other parts of China to aid Qinghai's reconstruction efforts, to carefully carry out rebuilding projects with high efficiency and quality.