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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. 24 (Xinhua) -- China's Ministry of Commerce (MOC) vowed to step up regulation of sugar markets on Sunday after reserves helped stabilize prices which recently rose to a record high amid continuing harsh weather.Between Oct. 10-17, the retail price of small-packed sugar averaged 7.68 yuan per kilogram in major cities, up 1.3 percent from the end of September, according to data provided by the MOC.It shows that prices have begun to stabilize, according to the MOC website. The ministry also vowed to strengthen market regulations.China auctioned 210,000 tonnes of sugar reserves on Oct. 22 in a bid to curb soaring prices, which have been blamed on this season's frequent extreme weather in China's major sugar-producing areas, as well as reduced supplies overseas.In southwest China's Guangxi Zhuang Autonomous Region, the country's major sugar-growing area, sugar prices hit a record 6,000 yuan per tonne (902.3 U.S. dollars) on Oct. 11.Further, sugar futures hit an eight-month high of 683.20 pounds per tonne in London on Oct. 15.Also, the MOC said government reserves remain abundant and pledged to improve market supplies and ensure the public's needs.Between October 2009 and September 2010, eight batches of reserve sugar, or a total of 1.71 million tonnes, were auctioned, according to the MOC.

SHANGHAI, Oct. 18 (Xinhua) -- China will continue to promote gradual exchange rate reforms, even while the yuan is expected to stabilize at a reasonable level, said Yi Gang, head of the State Administration of Foreign Exchange (SAFE) Monday in Shanghai.Yi, also deputy governor of the People's Bank of China (PBOC), or the central bank, made the remarks at a seminar held by the International Monetary Fund (IMF) to discuss the theme "Macro-Prudential Policies -- an Asian Perspective"."The flexibility of the yuan has increased since China launched exchange rate reforms in June. We will further boost those reforms, but the process will be gradual," Yi said."Judging from the markets, the yuan can remain stable at a reasonable and balanced level," he said.China will also continue to expand domestic demand and boost construction in rural medical services, education and infrastructure, he said.Five years ago, China abandoned a decade-old peg to the U.S. dollar and allowed its currency to fluctuate against a basket of currencies and appreciate by 2.1 percent.Since then, the yuan has strengthened further, albeit slowly, and has risen more than 21 percent against the greenback.On June 19 this year, the Chinese central bank announced that it would further reform the yuan's exchange rate mechanism to improve its flexibility.

UNITED NATIONS, Sept. 15 (Xinhua) -- Chinese Premier Wen Jiabao 's upcoming UN visit shows China's full support to the world body as well as the country's firm commitment to tackle global threats and challenges, said Chinese UN ambassador here Wednesday."This has been Premier Wen's second visit to the United Nations since 2008 and the third consecutive year that top Chinese leaders attend UN conferences," Li Baodong, permanent representative of Chinese mission to the UN, told reporters at the residence of the mission.Calling the upcoming visit "an all-around, multi-level diplomatic event," Li said it fully embodies the great importance China has attached to the multi-lateral diplomacy and its firm support to the United Nations. Li Baodong, permanent representative of Chinese mission to the United Nations, speaks to the media at the residence of the mission in New York, the United States, Sept. 15, 2010. Chinese Premier Wen Jiabao's upcoming UN visit shows China's full support to the world body as well as the country's firm commitment to tackle global threats and challenges, Li Baodong said here Wednesday.Besides, the visit will help to build the confidence of the international community to address the unexpected global threats including the issues of traditional and non-traditional security, imbalance on development and the not-yet-stable recovery situation of world economy, Li said."Premier Wen will help promote all sides to show political will and firm resolution, jointly gasping chances and meeting challenges, in a bid to build a world of lasting peace and common prosperity," the ambassador said.Wen's UN trip, slated for Sept. 21 to 23, includes a UN summit on the Millennium Development Goals (MDG) and the general debate of the 65th session of the UN General Assembly.During his whirlwind stay in New York, Wen would also meet with U.S. President Barack Obama, UN Secretary-General Ban Ki-moon, and attend a meeting of leaders from the UN Security Council member states, a discussion panel on the MDG and HIV/AIDS.Li said Wen's visit will also help to enhance UN's role on international affairs.This year marks the 65th anniversary of the founding of the United Nations. Though facing with various new problems and challenges, the United Nations has remained to be the most universal, representative and authoritative inter-governmental organization; the UN Charter has remained to be the foundation of international law and order and the expectations of the international community of the UN has not changed, Li said."Premier Wen's visit will further promote UN's core role in the process of implementing multilateralism and make the world body become an envoy of safeguarding world peace as well as a drive to boost common prosperity," Li said.

BEIJING, Sept. 30 (Xinhua) -- Chinese Vice President Xi Jinping said here Thursday that China will join hands with Cuba to strengthen cooperation and promote bilateral relations.Xi made the remarks when meeting with Vice President of the Council of Ministers of Cuba Ricardo Cabrisas Ruiz, who was here to celebrate the 50th anniversary of the establishment of China-Cuba relations.Extending the greetings of China's leadership to President of the Council of Ministers of Cuba Raul Castro Ruz and First Secretary of the Communist Party of Cuba Fidel Castro Ruz, Xi thanked Cabrisas for coming to China to attend the 50th anniversary celebrations.Xi reviewed the history of China-Cuba relations. "The two parties and countries have always had mutual understanding and supported each other since the establishment of ties. The China-Cuba relations have endured the changes of the international situation."China will continue to support Cuba's just fight to maintain its sovereignty and oppose external interference, Xi said.He also spoke highly of the fast development of China-Cuba cooperation in many areas, featuring frequent political exchanges, deepening mutual trust, smooth development of economic relations and trade, expanding cultural exchanges and close coordination in international affairs.Cabrisas said bilateral relations between Cuba and China have witnessed comprehensive development over the past 50 years on the basis of mutual respect, equality and reciprocity.Cuba will further enhance its cooperation with China in investment, trade and tourism, and promote the development of Cuba-China relations and the ties between Latin America and China, Cabrisas said.

来源：资阳报