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BEIJING, Oct. 10 (Xinhua) -- China's central bank on Friday said it will continue international cooperation to tackle the global financial crisis and maintain market stability. The pledge came two days after the People's Bank of China (PBOC) announced an interest rate cut in a co-ordinated global move to revive solvency in the international financial system. The PBOC on Wednesday cut the benchmark lending and deposit rates by 0.27 percentage points and the reserve requirement ratio by 0.5 percentage points amid growing fears of a slowing economy and falling equities market. "The PBOC will continue close contacts and cooperation with counterparts and international financial organizations to jointly maintain stability of global financial market," PBOC spokesman Li Chao told Xinhua. The PBOC would closely watch the developments and effects of the crisis and take timely and flexibly measures according to changes in the domestic and international situations to guard against financial risks, Li said. The global economic slowdown reduced demand for Chinese exports and inevitably affected China's economy, he said. The central bank was fully confident and capable of dealing with the crisis and maintaining stable and relatively fast economic growth. "China has a huge domestic market and the liquidity is abundant," he said. "As long as we take strong measures to boost domestic demand, the economy has big potential for sustainable growth." A PBOC statement on the third-quarter meeting of its monetary policy committee said it would take flexible and prudent macro-economic control measures to boost economic growth. The PBOC was not optimistic in its global economic outlook as intensifying fluctuations in the financial markets had affected the real economy. It said it would boost coordination between monetary policies and fiscal, industry, export and financial regulation policies to help transform economic growth mode and boost domestic demand to balance international payments.
BEIJING, Oct. 11 (Xinhua) -- The latest tests found that Chinese liquid dairy products met the new temporary restrictions on melamine, the country's top quality control agency said on Saturday. It was the ninth investigation on the industrial chemical following the tainted baby formula scandal that killed at least three infants and sickened more than 50,000 others, according to the General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ). The latest tests covered 532 batches of liquid milk, including yogurt, from 69 brands in 23 major cities nationwide, the agency said. At present, 4,213 batches of liquid dairy products from 131 brands produced after Sept. 14 were tested and all in line with the limit, it added. Melamine, often used in the manufacturing of plastics, was added to sub-standard or diluted milk to make the protein levels appear higher. China on Wednesday set temporary limits on melamine content in dairy products. The limits were a maximum of 1 mg of melamine per kg of infant formula and a maximum 2.5 mg per kg for liquid milk, milk powder and food products containing at least 15 percent milk. The State Council, or Cabinet, issued a series of quality control regulations for dairy products on Thursday. The regulations tighten control of how milk-yielding animals are bred, how raw milk is purchased and the production and sales of dairy food. They promised more severe punishment for people who violated safety standards and quality control departments that failed to fulfil their duties.

BEIJING, Sept. 4 (Xinhua) -- China's State Council, or the Cabinet, has ordered government agencies to take immediate actions to rectify the financial abuses exposed by the National Audit Office (NAO) in late August. All units that misused funds were required to report their rectification results to the State Council before Oct. 31, according to an executive meeting of the Cabinet Thursday, which was presided over by Premier Wen Jiabao. The NAO found 29.38 billion yuan (4.32 billion U.S. dollars) worth of "problematic" expenditures after auditing the 2007 state budget spending of 53 ministerial-level departments and 368 of their affiliates. It also found 258 million yuan of disaster relief funds were embezzled and used for administrative expenses or government construction projects. The meeting decided that more central agencies shall make public their budgets. Eleven of them did this last year. The Cabinet also reviewed a draft ordinance complementary for the enforcement of the Labor Contract Law, and decided that further revision has to be done before it could be enacted. The Labor Contract Law took effect on Jan. 1 and has raised concern in China's corporate world because of its enhanced protection of laborers' rights.
SHIJIAZHUANG, Sept. 20 (Xinhua) -- Chinese Vice Premier Li Keqiang had a full schedule on Saturday afternoon as he spent time in north Hebei Province visiting infant patients stricken by tainted milk powder, talking to doctors, dairy farmers and salesman in a local supermarket. In Dingxing County Hospital of Hebei Province, he went to the infants ward where he talked to parents and inquired about the symptoms and progress of the patients' illness. Chinese Vice Premier Li Keqiang (C), also member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, visits an infant patient at Dingxing County Hospital of north China's Hebei Province, Sept. 20, 2008. Li visited infant patients sickened by the tainted milk powder, doctors, dairy farmers and salesman in local supermarket in the province on Saturday.In the hospital ultrasonic room, he asked if it had enough facilities to guarantee all babies were getting treatment. Local governments and hospitals should give support if necessary equipment was needed for providing treatment for the babies, he stressed. Hearing most doctors were working overtime as more parents were sending their babies for examination, he expressed his heartfelt thanks to the medics and urged them to keep up their efforts and make sure all babies were getting prompt care. Chinese Vice Premier Li Keqiang (R), also member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, watches as an infant patient is checked at Dingxing County Hospital of north China's Hebei Province, Sept. 20, 2008The treatment should not be delayed or interrupted on the grounds of lacking in medical expenses, he said, adding hospitals should send doctors to villages and remote areas to collect babies who had developed kidney stones after taking the milk powder tainted by melamine. Li also visited Cui Zhiqiang, a villager in Housuoying Village of Dingxing County, whose one-year-old daughter had recovered. All diary products manufacturers should recall suspect products and consumers should be refunded if they returned those products. Li made the remarks while talking to a salesman in Womei Supermarket in the county seat of Dingxing. He then went to Shiqiao Village of Dingxing Township where he asked about the milk supply. He asked local officials to take measures to ensure the farmers' interests would not be hurt by the scandal. More than 6,200 infants developed kidney stones after drinking a baby formula tainted with melamine. The chemical, which was added illegally, makes the protein content of milk appear higher than it actually is. The formula has so far killed four infants. Dairy giant Sanlu based in the Hebei provincial capital of Shijiazhuang was the first company exposed in the scandal.
CHENGDU, June 29 (Xinhua) -- The current earthquake relief and rebuilding work have further displayed the nature and capabilities of the Communist Party of China (CPC), said Chinese Vice President Xi Jinping Sunday in a tour to quake-hit areas of Sichuan Province. The mainstay role played by Party organizations at different levels, Party members and officials in the anti-quake campaign shows that the recent years' efforts to Party building have been "very fruitful," said Xi, also member of the Standing Committee ofthe CPC Central Committee Political Bureau. During his 3-day inspection tour, Xi visited Youxian, Pingwu, Beichuan, Jiangyou, Dujiangyan and Wenchuan counties, which were worst hit by the May 12 earthquake. Chinese Vice President Xi Jinping (Front) looks at quake ruins in Yingxiu Town of Wenchuan County, southwest China's Sichuan Province, June 29, 2008. Xi Jinping inspected the quake relief work in Sichuan Province in the recent daysHe talked to ordinary quake survivors, Party members and officials, and rescuers, while visiting tents and makeshift residence buildings. He also distributed books to some students. He told construction workers from Shandong, Guangdong and all other provinces to ensure the quality of the temporary houses. Wherever he went, Xi inquired the performances of local Party organizations and Party members in the rescue and relief work. He spoke highly of the many "Party Member Commandoes", who have won high appreciation by the people. "(We must) ensure that where there are people still in need, anti-quake efforts and rebuilding work to be done, there are grassroots Party organizations and Party work," he said. On Sunday afternoon, Xi presided over a workshop, to hear reports by local officials and study relief, post-quake rebuilding, and economic and social development in Sichuan. Chinese Vice President Xi Jinping (C) visits quake-affected people at a resettlement in Dujiangyan, southwest China's Sichuan Province, June 28, 2008. Xi Jinping inspected the quake relief work in Sichuan Province in the recent daysHe said "a safe, timely and smooth relay of the Olympic Torch in Sichuan must be ensured," which will be the last leg of the torch relay only second to Beijing, host city of the 29th Olympic Games. On the same day, Xi had a meeting with visiting delegations of the Hong Kong and Macao special administrative regions, respectively led by HK Chief Executive Donald Tsang Yam-kuen and Macao Chief Executive Ho Hau-wah. Chinese Vice President Xi Jinping (L) shakes hands with a woman as he visits quake-affected people in Pingtong Town of Pingwu County, southwest China's Sichuan Province, June 28, 2008. Xi Jinping inspected the quake relief work in Sichuan Province in the recent days.
来源:资阳报