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BEIJING, March 31 -- The appointment of three new academic members to the central bank's monetary policy committee on Monday reflects the increasing inclusiveness of monetary policymaking, but may not have any apparent bearing on the timing of an interest rate hike, analysts said.The People's Bank of China (PBOC) said three Chinese economists - Xia Bin, Li Daokui and Zhou Qiren - will replace Fan Gang, the only academic member of the committee, which advises on major monetary issues."Adding two more academics to the monetary policy committee is a welcome change," said Wang Tao, head of China economic research at UBS Securities. "I hope this helps to increase healthy debate within the committee, and increase the independence of monetary policy.""The appointment of three academic members this time - instead of one - indicates the increasing importance of academic voices in monetary policymaking and the three, with different backgrounds, are expected to complement each other to add to the inclusiveness of the panel," said Sun Lijian, an economist with Fudan University. It would make the country's monetary decision-making more rational, he said.Going by their recent comments on inflation, with Li saying that China could precede the United States in raising the rates and Zhou urging a timely and firm exit from stimulus policies, it is speculated that their appointment may signal chances of an earlier rate hike.Zhou said in a February speech that it was high time that China exited from the stimulus measures. "Given the past experiences, the stimulus through expanding money supply and debt only has a short-term effect," he said in the speech.One of the side effects of the stimulus is rising inflation. "The price of the stimulus policies is mainly the adverse effect of the large-scale release of money on the overall market price situation," he said. "We have seen it on the market."Li said early this month once China's consumer price index (CPI), a major measure of inflation, rises 3 percent, the country is set to increase the rates. China's CPI rose by 2.7 percent year-on-year in February.He also said on Monday that China may suffer from exported inflation from developed economies as their continued relaxed monetary policy would lead to surging raw material prices and large-scale capital flowing into the emerging economies, including China.Meanwhile, China should keep itself alert against possible price rises due to weather changes, such as the recent severe drought in southwestern regions.Xia Bin said on Monday that three factors should be taken into account when deciding on whether to raise the interest rates. It should be considered if real negative deposit interest rates occurred. But if inflationary expectations are not strong, the hike would be inappropriate. Moreover, China should not move ahead of the US since it would bring in speculative capital.China's benchmark one-year deposit rate stands at 2.25 percent.Dong Xian'an, chief macroeconomic analyst of Industrial Securities, said economic fundamentals should be the paramount determinant in interest rate related policymaking and the appointment of a new monetary policymaking panel would not have any substantial bearing on the timing of the possible hike.The month-on-month CPI figure is a crucial factor and as it continues to rise, the hike may come in the second quarter of this year, he said.

BEIJING ,May 6 -- China Mobile on Wednesday launched an online platform that enables its subscribers to read and download digital publications through cell phones and e-book readers, as part of its effort to profit from the country's emerging mobile reading market.The world's biggest cellphone carrier in terms of subscribers kicked off an e-book store similar to Apple's iBook store, which gives users wireless access to a series of online publications such as e-books, comics and magazines."Reading habits have fundamentally changed," said Gao Nianshu, general manager of China Mobile's data department. He said the company hopes the new platform will attract over 200 million users in the near future. Primary school students in Yangzhou, Jiangsu province, read e-books. China Mobile hopes its newly launched platform will attract over 200 million users in the near future.According to figures from China's Ministry of Industry and Information Technology, cellphone users in the country reached 780 million at the end of March. Of that group, mobile readers surpassed 155 million, the ministry said.Interest in e-book readers made by firms such as Hanwang Technology, Amazon and Founder since last year also significantly boosted demand for mobile reading.Gao said China Mobile's new e-book platform, which currently covers about 40 percent of the best selling books in the country, has attracted over 15 million users during four months of testing in eight areas.He said the company's online e-book store will also support the iPad, the tablet computer launched by Apple Inc last month."Mobile reading has become a popular service with mobile Internet users in China," said Zhang Yanan, analyst from research firm Analysys International, in a research note.But he said that although about 45 percent of Chinese mobile Internet users read books at least once a day by mobile phone, few of them are willing to pay for online content.According to China Mobile, the subscription fee for its online e-book store is up to five yuan per month, 40 percent of which will be shared with copyright owners.Zhong Tianhua, head of China Mobile's subsidiary in Zhejiang province, who oversees the company's online e-book store business, said the company's strategy is to attract as many users as possible in the first three years with the lowest pricing possible.Companies including Nokia, Motorola, Hanwang, Founder, Datang and Huawei Technologies have released products that support China Mobile's new service. But many e-book makers have also established their own online e-book stores, putting them in competition with China Mobile.It was reported earlier this week that China Mobile plans to team up with Foxconn Electronics of Taiwan province to produce its own e-book readers.

GENEVA, May 17 (Xinhua) -- The international community should have "a sense of urgency" in their efforts to realize the United Nations' Millennium Development Goals (MDGs), Chinese Minister of Health Chen Zhu said here on Monday."The deadline of the MDGs is only five years away, and we are facing huge challenges at this critical moment," Chen told the annual assembly of the World Health Organization (WHO)."The international community should have sense of mission and urgency to reach consensus, coordinate actions, and accelerate progress," Chen said.Addressing delegates from the WHO's 193 member states, Chen said that despite the unremitting efforts of the international community, "the MDG health indicators of women and children have been improving slowly and the situations are far from optimistic.""China holds that health of women and children constitutes an important element in a country's national basic health system and it reflects the social and economic development level," he stressed.Chen said the attainment of the MDGs would be "a historical milestone," and he urged governments to share this responsibility and "take stronger measures."One of the proposals the minister made at the conference was to improve the health of the people, particularly women and children."The ultimate goal of social and economic development is better life and brighter future for the people, and health is the basis of good life," he said.To improve the health of the people, countries need to build a strong and powerful health system so that they can provide comprehensive health services and tackle public health emergencies, according to the minister."All countries should attach importance to the building of such a system with articulated political commitments and substantial input," he said.Chen also highlighted the importance for controlling chronic and noncommunicable diseases, which "consume large quantities of health resources and afflict social and economic development.""To ensure sustainable health, social and economic development, the international community should conduct researches and take more effective countermeasures in its fight against such diseases, " he said.The minister also called on developed countries to increase their assistance to developing countries so that they can improve their health system and be more capable of dealing with health challenges."Health is an eternal theme of mankind, and the attainment of the MDGs is our common pursuit. China hopes that countries worldwide will stay closer and help each other to ward off disease threats and build our beautiful homes of health and harmony," Chen said.The World Health Assembly (WHA) is the WHO's supreme decision- making body. This year's five-day conference will discuss a wide variety of public health issues as well as administration and management matters.

BEIJING, May 20 (Xinhua) -- Senior Chinese leader Zhou Yongkang on Thursday urged the country's law-enforcement officers to strive for just and lawful handling of every legal case."We must always make efforts to optimize the criminal justice system and improve law-enforcement so each legal case is dealt with in accordance with the law," said Zhou, a Standing Committee member of the Political Bureau of the Central Committee of the Communist Party of China (CPC), at a meeting in Beijing.Zhou, who also heads the CPC Central Political and Legislative Affairs Committee, said there is still wrongful handling of legal cases which infringe upon the rights of the concerned parties and undermine the credibility of the judicial system.He called on the officials at the meeting of the Central Political and Legislative Affairs Committee to treat every legal case meticulously.In particular, he said, law-enforcement officers must apply the utmost stringent of standards when handling cases involving the death penalty.

WASHINGTON, May 15 (Xinhua) -- Forty-six U.S. business executives, led by U.S. Commerce Secretary Gary Locke, began a 10-day trip to China Saturday to promote clean energy technologies, which in Locke's words, will be a win-win scenario for both countries.The delegation, the first cabinet-level trade mission of the Obama Administration, will make stops in Hong Kong, Shanghai and Beijing."We hope to have various signing ceremonies throughout the trip," Locke said before departing the U.S.A MISSION TO PROMOTE EXPORTS OF U.S. CLEAN ENERGY TECHNOLOGIESThe mission comes on the heels of the Obama administration's National Export Initiative, which seeks to double American exports over the next five years -- supporting some two million new jobs in the process.According to the U.S. Commerce Department, the mission aims to promote exports of leading U.S. technologies related to clean energy, energy efficiency, and electric energy storage, transmission, and distribution."Energy is a 6 trillion dollar market. And green energy is the fastest growing sector. The race to develop the new technologies the world will one day rely on is a race that this nation and all developed nations must engage in," Locke told reporters at a press conference Wednesday.The top U.S. trade official said the increased trade with China, especially cooperation on clean energy sector, benefited both countries."Every American should know that when a U.S. clean energy company finds success abroad, it creates more jobs here at home in the United States," Locke said. "In fact, some of the companies on this trip produce over 90 percent of the components for the products that they sell overseas right here in the United States."The trade mission was an opportunity for win-win scenarios for American companies, American workers and the people and the governments of China, he said.ECONOMIC AND TRADE FRICTIONS TO CONTINUE AS COOPERATION DEEPENSAccording to statistics released by the Chinese government, bilateral trade between China and the United States grew 9 percent a year in the past five years.Currently, the U.S. stands as China's second largest trading partner, the second largest export market and the sixth largest source of imports. China is the second largest trading partner of the U.S., its third biggest export market and its number one source of imports.While the two countries enjoy enormous cooperation opportunities in many areas, the U.S. Commerce Department has imposed a series of tariffs on Chinese products and many Chinese companies complain they have been affected by the rising protectionist measures taken by U.S. government.Locke rebuffed these complaints, saying he had explained to Chinese officials it was not the United States government that brought the cases."It's not the policy of the United States government to file these cases. These cases are filed by companies within the United States who feel that the actions of a company from another country (were affecting them)," he told Xinhua.He also noted that less than 3 percent of all goods sold from China into the United States were subject to duties in question."So 97 percent of all the goods coming from China are without any type of penalties or dumping duties or counter-veiling subsidies," Locke said. "We should not focus on the number of complaints."Many Chinese officials have argued the U.S. export control against China has already limited their access to the Chinese market.They believe the achievement of trade balance between the two countries rests not with restricting China's exports to the U.S., but with increasing U.S. exports to China.Secretary Locke echoed the opinion.While he insisted that national security should be the U.S.'s overriding objective, he also admitted "there are so many things now that are on the various control lists that really should not be on the control list."He also told reporters the U.S. government was reviewing its high-tech control systems and the result would be announced in the next few months.He said the current system had strong protections for both sophisticated technologies that could affect U.S. national security, and technologies that were readily available from around the world, which really made no sense?"So we need to reduce those restrictions and make it easier for those items to be exported," Locke said.