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BEIJING, Sept. 17 (Xinhua) -- The People's Bank of China (PBOC), or the central bank, announced Friday it would continue the country's moderately easy monetary policy while making it better-targeted and more flexible in the coming months of this year.The PBOC made the announcement in its report on China's financial stability, which was released on the PBOC's website.The PBOC said in the next stage it needs to skillfully handle the relationship between maintaining steady and rapid economic development, restructuring the economy and managing inflation expectations.Chinese banks should continue supporting the country's economic restructuring, guard against risks, change profit structures, and improve the capital replenishing and restriction mechanism, the central bank said in the announcement.The announcement noted that local government debt was rising quickly, corporate liquidity was decreasing with a high current debt ratio, and credit card advances were increasing despite mounting financial assets held by residents and the low debt level.It said the global financial crisis had revealed limitations and gaps in the existing regulatory system. To prevent systemic risks, the central bank would combine macro and micro-prudential supervision in its policy package.

BEIJING, Oct. 13 (Xinhua) -- Chinese Defense Minister Liang Guanglie returned to Beijing Wednesday afternoon after a four-day visit to Vietnam.During his stay in Hanoi, Liang attended the Association of Southeast Asian Nations (ASEAN) Defense Ministers' Meeting Plus, where he elaborated on China's defense policy and proposals on regional security cooperation.On the sidelines of the meeting, Liang met with defense chiefs from several countries.During the visit to Vietnam, Liang met with General Secretary of the Communist Party of Vietnam Central Committee Nong Duc Manh and Vietnamese Prime Minister Nguyen Tan Dung,respectively.Liang also held talks with Vietnamese Defense Minister Phung Quang Thanh.Liang's entourage also came back to Beijing.

BEIJING, Sept. 6(Xinhuanet)  - China bucked international trends in both outbound and inward investment, official figures have revealed.China now ranks as the fifth largest global investor in outbound direct investment (ODI) with a total volume of .5 billion, compared to a ranking of 12th in 2008, the Ministry of Commerce said on Sunday.On top of this, foreign direct investment (FDI) this year was set to "surpass 0 billion", compared to billion last year, ministry officials predicted.Globally, foreign investment decreased by almost 40 percent last year amid the financial downturn and is expected to show only marginal growth this year.The growth in both outbound investment from, and inbound investment to, China reflects the nation's rising economic power and attractiveness as an investment destination. China's annual outbound direct investmentThe ministry made the announcements during a press conference held in Xiamen on the upcoming United Nations Conference on Trade and Development (UNCTAD) World Investment Forum and the 14th China International Fair for Investment and Trade. Both forums will start on Tuesday.According to the ministry, China's ODI grew by 1.1 percent from a year earlier to .53 billion, which includes investment of .8 billion in non-financial sectors worldwide, up 14.2 percent year-on-year.Last year was the eighth consecutive year that the nation's ODI had grown. In this period the average annual growth rate stood at more than 50 percent."China is now the fifth largest investing nation worldwide, and the largest among the developing nations," said Shen Danyang, vice-director of the ministry's press department.In 2009, global ODI volume reached .1 trillion, and China contributed about 5.1 percent of the total.But "this is just a beginning." Although the figure is already "quite amazing," the volume is "not large enough" considering China's economic growth and local companies' expanding demand for international opportunities, Shen said."The growth rate (for ODI) in the next few years will be much higher than previous years," Shen said, without elaborating.China's ODI growth witnessed strong momentum this year. From January to June, the ODI in financial sectors was up by 43.9 percent to .84 billion, and in July alone, the ODI recorded .91 billion, the highest this year.Liu Zuozhang, director of the investment promotion agency under the commerce ministry, told China Daily that China's ODI in non-financial sectors would probably grow to billion this year.But while more Chinese companies were investing overseas, barriers and protectionism against Chinese investment were strengthened as well.Fan Chunyong, standing deputy chief of the China Industrial Overseas Development and Planning Association, said the challenge would not affect the upward trend of the ODI."China's ODI will go up to 0 billion in 2013, and the Chinese accumulative overseas investment will reach 0 billion by then," said Fan.According to the ministry, by the end of 2009, 13,000 Chinese enterprises had invested in 177 nations and regions worldwide, and the largest volume of funds went to the Asia-Pacific region. Europe and Africa ranked second and third in absorbing Chinese investment.Figures also revealed that more Chinese enterprises were focused on developed nations and emerging markets. During the first half of the year, China's ODI to the United States and the European Union rocketed by 360 percent and 107.2 percent respectively year-on-year. And investment into ASEAN and Russia grew by 125.7 percent and 58.5 percent.Jinny Yan, economist from Standard Chartered Shanghai, predicted that the EU would continue to be a hotspot for China's outbound investment in the coming months thanks to the ongoing European debt woes.As for FDI, Shen predicted it would reach a record high of 0 billion this year as China's consumption capacity gradually picked up and the nation's efforts on creating an open and transparent investment environment paid off.Responding to recent complaints by foreign businesses on the "worsening" investment environment, he said it "highlights foreign businesses are attaching more importance to the Chinese market".A report by the European Chamber of Commerce released last Thursday said China had made progress on improving its investment environment, but still needed to do more, especially on market access and the regulatory environment.While global FDI slumped by almost 40 percent last year, China's FDI was down by a mere 2.6 percent, according to the UNCTAD. China remained the second largest recipient nation of FDI, following the US.During the first seven months, China's FDI increased by 20.7 percent to .35 billion, and FDI in July surged by 29 percent.Zhan Xiaoning, director of the investment and enterprise division under the UNCTAD, said China was taking the leading role in the FDI recovery worldwide, even though FDI growth was not a cause for optimism globally.

SHANGHAI, Oct. 31 (Xinhua) -- Chinese Premier Wen Jiabao declared the closure of the World Expo 2010 at the Expo Culture Center in Shanghai Sunday night.A ceremony was held here to celebrate the end of the Expo, which International Exhibitions Bureau (BIE) President Jean-Pierre Lafon called an "astounding success."The first of its kind staged in a developing country, the event attracted 246 participating countries and international organizations and 73 million visitors. Both figures are records in the history of expos, the first of which was held in London in 1851.On an area of 5.28 square kilometers, the Expo Site has become a global village where people can not only see rare cultural treasures from around the world -- the bronze chariot and horse sculpture from China's Warring States period, the statue of Athena from Greece and French impressionist masterpieces, for example -- but also get a taste of the diversity of the world's cultures through more than 20,000 cultural events.The gala is eyed in China as another event of national splendor after the 2008 Beijing Olympic Games showcased China's status as an economic and political power to the world. 

UNITED NATIONS, Nov. 4 (Xinhua) -- China supported the core role of the United Nations in promoting and coordinating the reconstruction in Afghanistan, its deputy envoy to UN Wang Min said here Thursday.Addressing the General Assembly on the situation in Afghanistan, Wang said the reconstruction in the country has made headway, but is still confronted with many challenges, "which call for continued efforts by Afghan people and government, and sustained attention and support of the international community.""We appreciate what has been done by the United Nations in promoting Afghan reconstruction and support UN's core role in coordination," Wang said.He said that to achieve peace and stability, the Afghan government and people need to be in a driver seat in order to achieve the goal of Afghanistan run by Afghans themselves.Besides, to move ahead the Kabul process, balanced efforts should be made in economic development, security and stability, national reconciliation, good governance, the rule of law and fight against drugs so that new progress can be made, he said.The international community should continue to help the government of Afghanistan enhance its capacity for national security and facilitate the building of its military and police forces"China is very concerned over the deterioration of the security situation and the increase of security incidents which results in high civilian casualties," Wang said, adding that the transfer of security responsibility should be proceeded by ensuring the country's security and stability.He said on the basis of the respecting Afghan independence, sovereignty and territorial integrity, the international community should honor its commitment to assisting this country in the spirit of the consensus reflected in the communiqu of the International Conference in Kabul held in July."The international community should align its assistance with Afghan national strategy and the priority areas identified by the Afghans," the ambassador said.He also called on the international community to pay more attention to Afghanistan's fight against narcotics and help it implement the national strategy for narcotics control.As a friendly neighbor, China actively supports, facilitates and engages in Afghan reconstruction, Wang said.From 2002 to 2009, China has provided more than 900 million yuan (some 135 million U.S. dollars) of grant assistance, canceled 19.5 million U.S. dollars of mature debts and built seven projects.Since January this year, China has provided additional 160 million yuan (some 24 million U.S. dollars) grant assistance in such fields as infrastructure, health care, sanitation and education. The two countries exchange letters on zero-tariff treatment to certain Afghan exports to China, which cover more than 4,000 items.In addition, China will continue providing training to Afghan professionals, executing more projects and extend its help to the most urgently-need areas in the country, Wang said.

来源：资阳报