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BEIJING, Jan. 17 (Xinhua) -- The China Banking Regulatory Commission (CBRC) announced Monday that it will guide the nation's banks to a scientific pace of lending this year as it stressed bank loans should better serve the real economy.The CBRC said in a statement on its website that it will also expand and improve financial services in the country's rural areas and encourage banks to support borrowing activities from small-sized companies.The CBRC said it will carry out more studies in stepping up support for the country's affordable housing program, which aims to build 10 million affordable housing units for low and middle income residents this year.The commission also said it will continue to implement the differentiated home loan policy adopted last year, under which bank loans for third home purchases are suspended and down payments for all first-time home buyers are at least 30 percent of the purchase price, while second home buyers will have to pay an even higher amount of down payments, at 50 percent.Further, the CBRC said it would tighten controls over lending to local government's financing vehicles in order to ward off risks.Government data showed new yuan-denominated lending in China reached 7.95 trillion yuan (about 1.2 trillion U.S. Dollars) last year, overshooting the government's full-year target of 7.5 trillion yuan.

BEIJING, Jan.14 (Xinhua) -- A Maldivian delegation visited southwest China's Yunnan province from Jan.11 to 14.During the visit, speaker of the Maldivian People's Majlis, Abdulla Shahid, held talks with directors of Yunnan's departments of tourism and commerce on Tuesday.Shahid said tourism was without a doubt the key industry of Maldives, adding that there are currently more than 10,000 Chinese tourists coming to Maldives every month."The opening flight between Kunming and Male, capitals of Yunnan and Maldives, increase high-level exchanges and commerce cooperation between the two countries", he saidTourism of China and Maldives strongly complement each other, vice chairman of the Standing Committee of the Yunnan provincial People's Congress, Yan Youqiong, said during their meeting.

BEIJING, Nov. 27 (Xinhua) -- The key to success at the upcoming Cancun climate change conference rests with the United States and other developed countries.At last year's conference hosted in Copenhagen, developed countries, represented by the United States, failed to make their due commitment to emission reductions, rather, they pointed fingers at developing countries with claims that were groundless.Further, developed countries hampered the efforts to combat global warming as they shied away from their responsibilities. Without any change in their attitude, chances of a successful Cancun conference will be very slim.Developed countries bear responsibility, both due to historical and practical causes. Developed countries, as the earliest industrialized nations, have contributed most to the historical storage of carbon-dioxide (CO2). Practically speaking, these countries rank high in terms of per capita emission, and their citizens' extravagant consumption gives rise to unnecessary emissions. Further, developed countries also have the technological and financial capacity to tackle the problem and offer assistance to the developing world.Historically speaking, developed countries have "sinned" against the world environment when they built their industrial empires on exploiting coal, oil and other natural resources. While they were enjoying the exclusive right to carbon emissions, most developing countries did not even have modern industry and transportation that would produce greenhouse gas emission.Research done by Beijing-based Tsinghua University suggests that developed countries, home to 23.6 percent of the world population, have contributed 79 percent of the aggregate carbon emissions since the industrial revolution.Practically speaking, the annual energy consumption of developed countries represents 64.6 percent of the world's total, while CO2 emissions are 65 percent of the world's total. In per capita terms, China emitted 4.6 tonnes of fossil-fuel-generated CO2 in 2007, less than one-fourth of that of the United States, and half of that in the European Union, according to the Tsinghua University research.Additionally, the International Energy Agency (IEA) reported that the U.S. ranked top in terms of per capita energy consumption, which is five times that of China. Also, the U.S. remains the world's largest consumer of oil, with a daily demand for crude oil standing at 19 million barrels, doubling that of China.Further, China's high carbon emissions are partly due to its lack of energy resources. China is short of oil and gas but rich in coal, and carbon-intensive coal represents two-thirds in its entire energy mix.

BEIJING, Nov. 16 (Xinhua) -- China exported 16,000 tonnes of rare earth to Japan in the first nine months of the year, equivalent to 49.8 percent of its total rare earth exports, the Ministry of Commerce (MOC) said Tuesday.The figure was a 167-percent year-on-year rise, MOC spokesman Yao Jian said at a press conference.Exports to the United States increased 5.5 percent year on year to 62 million tonnes during the same period, equivalent to 19 percent of China's total rare earth exports.China exported 32,200 tonnes of rare earth in the first nine months of the year at an average price of 14,800 U.S. dollars per tonne.Yao said the Chinese government has tightened regulations concerning the development, production and export of rare earth out of concern for the environment.China cut its 2010 rare earth export quota 39 percent year on year while rare earth development and production capacities were reduced by 25 percent and 23 percent, respectively, he said.In addition, China has added a 15- to 25-percent export duty on rare earth exports while banning the export of 41 rare earth-related processed products.China's restrictive policies have been criticized by Japan, the United States and European countries. They said China's restrictions on rare earth exports violate World Trade Organization rules. China refutes such claims."China's restrictive measures comply with WTO rules, as the steps were taken in the whole process of exploitation, production and export," Yao said.China continued to export rare earth in recent years even as environmental pressures grew and resource-depletion approached, he added.He said China hopes other rare earth-rich nations will develop their own resources while adding that China is ready to cooperate with other nations to mine and process rare earth in an environmentally-friendly way.Rare earth is a key component in the manufacture of high-tech products ranging from computers to airplanes. But mining rare earth is a highly-polluting process.With a 90 percent share of the world rare earth trade, China's export quotas are a sensitive issue. In early November, the MOC denied suggestions there would be a drastic reduction in 2011 rare earth export quotas.

BEIJING, Dec. 10 (Xinhuanet) -- Provincial level officials and ministers will be held more fiscally responsible under an expanded auditing system, the country's top auditor said on Thursday."The regulation will be significant in supervising officials' power use and corruption prevention," Liu Jiayi, head of the National Audit Office, was quoted as saying in an interview posted on the office's website.Under the regulation, released by the general offices of the Communist Party of China (CPC) Central Committee and the State Council, leaders of public institutions and State-owned enterprises will also be audited.China introduced the first such regulation in 1999, but it only included measures to audit financial records of county-level and below Party and government officials.The audit target was extended to provincial governors and ministers in 2000 on a trial basis and to heads of provincial government departments in 2005.Chinese auditors have uncovered more than 68.4 billion yuan (.2 billion) in illegal use of funds during nationwide audits of some 410,000 Party and government officials and bosses of State-owned enterprises since 1998, according to Liu.During the audit of provincial governors and ministers, their implementation of economic policies, handling of income and expenses, key fund management and project construction will be examined."They have power and control many resources, and how they fulfill their economic accountability will impact local economic and social development," he said.More importantly, the audit can be carried out frequently, so illegal activities can be cleared up before they spread, he said.Liu also said the audit will be made during an official's tenure to solve any problems that exist.Results of the audit will be recorded in an official's file and it will be an important factor in performance assessments, promotions or removal, and rewards or punishments.The audit group will consist of officials from local discipline inspection commissions and sectors including audit, supervision, organization, human resources and State asset supervision and management."It's a big step in cracking down on corruption. And the regulation will deter officials who want to abuse their power," said Liu Xutao, a professor at the Beijing-based Chinese Academy of Governance.

来源：资阳报