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ZURICH, Switzerland, Jan. 25 (Xinhua) -- Chinese Vice Premier Li Keqiang arrived here on Monday, kicking off his formal visit to Switzerland. He will also attend this year's World Economic Forum (WEF) annual meeting in Davos.During the past 60 years, Li said in a written statement upon arrival, the bilateral relations between China and Switzerland have enjoyed tremendous progress, with frequent top-level official exchanges, fruitful cooperation in trade and economy, deepened exchanges in various fields and smooth communication and coordination in dealing with international and regional issues.Chinese Vice Premier Li Keqiang delivers a speech during a dinner party held by the Economiesuisse, the Swiss Business Federation, at Zurich, Switzerland on Jan. 25, 2010. Li Keqiang arrived here on Monday for a four-day official visit to Switzerland, during which he will also attend this year's World Economic Forum (WEF) annual meeting in DavosSwitzerland recognized the People's Republic of China in 1950, becoming one of the earliest countries in western Europe to do so and to establish diplomatic ties with the new China, Li noted.The development of bilateral ties enjoys great potential and has a broad prospect, he added.Chinese Vice Premier Li Keqiang (L) shakes hands with Gerold Buehrer, president of Economiesuisse during a dinner party held by the Economiesuisse, the Swiss Business Federation, at Zurich on Jan. 25, 2010. Li Keqiang arrived here on Monday for a four-day official visit to Switzerland, during which he will also attend this year's World Economic Forum (WEF) annual meeting in DavosDuring the visit, Li is scheduled to hold talks with Swiss President Doris Leuthard and WEF President Klaus Shwab, and will have a dialogue with leading figures in the business circle.The Chinese vice premier believed that his visit will help further mutual political trust, enhance the traditional friendship, elevate bilateral trade and economic cooperation to a higher level, and continue to push the ties forward.Prior to the trip, Chinese Vice Foreign Minister He Yafei briefed the media that Li will exchange opinions with the Swiss authorities on bilateral relations, sum up the successful experiences of the development of bilateral ties for the past 60 years and discuss new ways on furthering the ties in order to inject new impetus into bilateral cooperation in various fields.In his planned address at the WEF annual meeting, Li will mainly brief participants about China's domestic economic situation, the Chinese government's policy, the achievement made through China's efforts to deal with the economy and society.Li will also elaborate China's stand on some global issues such as global governance and the world's joint response to climate change, and call for an all-round, sustained and balanced growth of the world's economy. Chinese Vice Premier Li Keqiang (L) and Gerold Buehrer, president of Economiesuisse step into the room during a dinner party held by the Economiesuisse, the Swiss Business Federation, at Zurich on Jan. 25, 2010. Li Keqiang arrived here on Monday for a four-day official visit to Switzerland, during which he will also attend this year's World Economic Forum (WEF) annual meeting in Davos

BEIJING, Feb. 26 (Xinhua) -- The China Banking Regulatory Commission (CBRC), the banking regulator, said Friday it would introduce four measures to facilitate the development of rural financial institutions.The CBRC would improve supervision of rural financial institutions, strengthen risk management, encourage their adopting effective corporate governance model, and evaluate the quality of their services, said Zang Jingfan, the supervision department director of the CBRC.China approved a total of 172 new-type rural financial institutions, including 148 rural banks, 8 lending firms and 16 rural mutual cooperatives by the end of 2009, according to Zang.Outstanding loans by these institutions totaled 18.1 billion yuan, of which 36 percent went to farmers and more than 50 percent to small businesses, he said.The government has been trying to boost lending to farmers and companies in the countryside, and the CBRC announced last year a plan to set up 1,293 rural financial institutions by 2011 to boost rural development.

BEIJING, Feb. 1 (Xinhua) -- The Industrial and Commercial Bank of China (ICBC), the world's largest lender by market value, said Monday it extended 110 billion yuan (16.1 billion U.S. dollars) of new loans in January, less than the amount in the same period of 2009."The lending growth in January was stable and moderate, which has well satisfied the real economic demand," the bank said.The ICBC statistics showed lendings of the bank totaled 117.1 billion yuan in January 2009.The bank said it would focus on financing ongoing government projects and continue to extend more loans to small businesses, while strictly controlling loans to new projects and high energy-consuming and polluting industries.ICBC last Wednesday said its loan growth in early and mid-January was "a little fast" as many ongoing projects needed funds, but the lending pace had stabilized since, as a concentrated volume of existing loans had come due and some credit card debts had been repaid.It also announced it would maintain a "reasonable and balanced" lending rate in a move to ease mounting public concerns about possible credit cuts.To prevent economic overheating, the government last month announced it would restrict its overall credit growth to 7.5 trillion yuan in 2010, compared with last year's 9.59 trillion yuan.However, a report from Monday's Economic Information Daily said that as of Jan. 29, Chinese banks had already extended nearly 1.6 trillion yuan new loans this year.

BEIJING, March 1 (Xinhua) -- China's central government has allocated 28.6 billion yuan (4.2 billion U.S. dollars) to support farmers, the Ministry of Finance said in a statement Monday.The bulk of the funding -- 18.6 billion yuan -- would be used to subsidize farmers in growing improved varieties of crops such as rice, corn, and cotton.The other 10 billion yuan would subsidize purchases of farm machinery such as sowers and reapers, said the statement issued to Xinhua.The funding aimed to improve motivation in agricultural production, and stabilize the country's grain production, according to the statement.Farmers across the country would be eligible for the subsidies.The funding was on top of 86.7 billion yuan of subsidy funding to grain-growing farmers nationwide in February.The financial support for agriculture came as severe drought continued in the nation's west and south.The National Meteorological Center (NMC) issued a drought alert on Sunday warning the severe drought would continue over the next three days.The State Flood Control and Drought Relief Headquarters said Saturday the drought, which started at the beginning of February, had affected 69.6 million mu (4.64 million hectares) of arable land and left 12.7 million people and 8.4 million heads of livestock short of drinking water.

MUNICh, Germany, Feb. 5 (Xinhua) -- Speaking highly of the deepening China-Europe relations over the past decades, Chinese Foreign Minister Yang Jiechi on Friday told the Munich Security Conference that a brighter future of bilateral ties calls on both sides to embrace an open and inclusive spirit.With this year marking the 35th anniversary of diplomatic relations between China and the European Union, the Chinese top diplomat said China and the EU have established "a comprehensive strategic partnership that is all-dimensional, wide-ranging and multi-tiered" and the changing world "has brought China-EU relations to a new historical starting point.""To achieve a brighter future (of China-EU relations), we must manage our relations from a strategic and long-term perspective," Yang said. "We must respect each other, treat each other as equals, and accommodate each other's core interests and major concerns."He also expressed the hope that Europe will see China "in a more objective and sensible light" and recognize that China's development is not a challenge but an opportunity."We do not expect China and Europe to see eye to eye on each and every issue, and we need not be afraid of our differences," he added."As long as we both embrace an open and inclusive spirit, we will have more consensus than differences and more mutual benefits than frictions, and cooperation will be the defining theme of China-EU relations," Yang said.As to the host country of the security conference, Yang said " China-Germany ties have maintained dynamic growth.""In the face of the complex international situation and various grave challenges, China and Germany must bear in mind the larger and long-term interests and further enhance mutual trust and cooperation," he said, adding that China is ready to join Germany "in a common effort to elevate our partnership of global responsibility to a higher level."It was the first appearance of a Chinese foreign minister in the Munich Security Conference's 46-year history.