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BEIJING, Sept. 10 (Xinhua) -- China's financial sector should better serve the transformation of economic growth pattern in the country while keeping high alert on possible risks, Vice Premier Wang Qishan said Friday.Wang said the financial sector should give full play to monetary policies and continue to optimize lending structures to boost weak points like agricultural sectors, small enterprises and innovation.Lending to sectors with excessive energy consumption, high emission of pollutants, or with overcapacity, must be strictly limited, he told a group of provincial or ministerial-level officials who attended a training seminar in Beijing.The seminar closing on Friday focused on how to promote the reform of financial sector in China while guarding against financial risks, which Wang said was highly necessary considering current situation.Wang urged officials at various levels to continually learn to upgrade their knowledge and working abilities in the financial sector.As China's financial sector was still in an initial growth phase, it should unswervingly boost reforms and its opening-up, promote mechanism innovation and complete the development of the financial market system, he said.

lNEW YORK, Sept. 18 (Xinhua) -- Since global leaders established the Millennium Development Goals (MDGs) in 2000, China has achieved remarkable progress in achieving the grand targets.As the world's largest developing nation, China has pursued the way of peace and development, adopted policies of gender equality, resource conservation and environmental protection, and taken action to advance the implementation of the MDGs.The MDGs were established in 2000 at the Millennium Summit in New York.World leaders pledged there to do their utmost to attain the goals by 2015, including slashing poverty, fighting disease, halting environmental degradation and boosting health.According to UN reports, global progress on poverty reduction was largely due to the reduction of hunger in China.Since 1990, poverty, especially absolute poverty in rural areas, has been greatly reduced, according to the UN Development Program (UNDP).China has now achieved the target of halving the number of poor people from the 1990 figure of 85 million, and thus has realized the target of halving the proportion of people living in extreme poverty.An MDGs report issued in June noted that the sharpest reductions in poverty continued to be recorded in East Asia. Poverty rates in China were expected to fall to around 5 percent by 2015.Some of the MDGs, including those on primary education, have already been achieved in China 13 years in advance. The mortality rate of children under five dropped from 61 per 1,000 births in 1991 to 25 in 2004. The maternal mortality ratio decreased from 89 per 100,000 live births in 1990 to 51.3 in 2003.

BEIJING, Oct. 17 (Xinhua) - Deeper reforms, especially systematical ones, will be carried out and extended to more key areas in China during the next five years to provide further momentum for the country's future development after it comes out of the economic crisis, economists and observers have said.The ongoing Fifth Plenary Session of the 17th Communist Party of China (CPC) Central Committee is discussing the 12th Five-Year Plan (2011-2015), or the nation's development plan for the next five years, and "reform" is set to be one key topic at the meeting.At a meeting of the CPC Central Committee's Political Bureau two weeks ago, it was agreed that the coming years will be a crucial stage to deepen the reform and opening-up process while accelerating the transformation of the nation's economic development pattern.The reform and opening up in China, which started more than 30 years ago, had helped the country to achieve rapid economic development in the past decade, and it is widely expected to enter a new stage and touch upon issues that are hard to penetrate, especially systematical ones, in the next five years.Peng Sen, deputy director with the National Development and Reform Commission, the nation's top economic planner, said the systematic and mechanism restraints are the main crux that had frustrated the progress of China's economic development pattern transformation."Without major breakthrough in the system it would be difficult to achieve a fundamental change in the way of economic development," he told Xinhua.Chi Fulin, head of the Hainan-based China Institute for Reform and Development, told Xinhua that the 12th Five-Year Plan is likely to focus on systematic reforms in economic, political and social fields.While further improving the market economy system, China should speed up forming a public service system and a public service-oriented government, which would lay the foundation for boosting domestic demand and sustainable development, Chi said.Wang Tao, an economist with UBS Securities, praised the Chinese government for efficient moves in the face of the global crisis, since a powerful government is able to position all of its economic resources.

BEIJING, Sept. 21 (Xinhua) -- The central parity rate of the yuan, China's currency Renminbi (RMB), jumped 113 basis points, or 0.17 percent, Tuesday to a new record high at 6.6997 per U.S. dollar, according to the data released by the China Foreign Exchange Trading System.Tuesday's yuan central parity against U.S. dollar beat the previous record of 6.7110 per U.S. dollar on Monday and extended the Chinese currency's gains to eight consecutive trading days.The yuan has picked up its strength against the U.S. dollars and seen increased volatility in the trading days since the People's Bank of China (PBOC), the central bank, announced on June 19 this year to increase exchange rate flexibility.Based on Tuesday's central parity, the Chinese currency has strengthened against the U.S. dollar by 1.87 percent from the rate of 6.8275 per U.S. dollar that was set a day before the PBOC's pledge to increase flexibility.On China's foreign exchange spot market, the yuan can rise or fall 0.5 percent from the central parity rate during trading each day.According to Tuesday's central parity rates, the yuan's value strengthened against all the currencies within its basket with lower rates.The PBOC released the yuan's central parity rates against a basket of currencies -- the U.S. dollar, the euro, the Japanese yen, the Hong Kong dollar, the British pound and the Malaysian Ringgit.The yuan's parity rate against the euro was set by the central bank at 8.7522 Tuesday, lower from 8.7595 Monday.The yuan's rate against 100 yen was 7.8204 Tuesday, compared with 7.8275 Monday.The Chinese currency soared 814 basis points against the British pound with the central parity rate being set at 10.42 from Monday's 10.5014.The central parity of RMB against the U.S. dollar is based on a weighted average of enquired prices from all market makers before the opening of the market in each business day.The central parity of RMB against the other five currencies is based on the central rate of RMB against the U.S. dollar of the same business day as well as the exchange rates of the five currencies against the U.S. dollar at 9 a.m. (0100 GMT) of the same business day in the international foreign exchange market.

BEIJING, Sept. 10 (Xinhua) -- Chinese equities closed higher on Friday with the key Shanghai stock index up 0.26 percent, boosted by robust performance of the medical sector.A superbug which is spreading globally spurred investors to switch to drugmakers. And reports of deaths from hard tick bites in central China's Henan Province added to the investment tendency.The medical sector rose by 4 percent as a whole on Friday, with several medical shares, including Lukang Pharma, Neptunus, Chase Sun and Meheco, increased by the daily upper limit of 10 percent.The property sector was unsettled over concerns of further property market tightening measures as China's National Bureau of Statistics (NBS) said property prices in 70 major cities rose 9.3 percent in August.China Vanke Co., the country's largest listed developer, fell 1.45 percent than the previous close to stand at 8.16 yuan (1.2 U.S. dollars) on Friday.The benchmark Shanghai Composite Index climbed 6.86 points, or 0.26 percent to closed at 2,663.21. The Shenzhen Component Index rose 65.64 points, or 0.57 percent, to end at 11,530.99.Combined turnover stood at 257.19 billion yuan (38.03 billion U.S. dollars) from 297.99 billion yuan on the previous trading day.Gainers outnumbered losers by 506 to 344 in Shanghai and by 634 to 390 in Shenzhen.

来源：资阳报