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BEIJING, Dec. 12 (Xinhua) -- China should take more forward looking and preemptive measures to fight inflation expectations following this year's credit boom and runaway property prices, said a report released by a leading Chinese bank.     Bank loans should be extended at a more reasonable pace with improved structures next year and policy fine-tuning is necessary, the Bank of Communications has said in a report released by its financial research center.     The government should maintain the continuity and stability of its monetary policy and meanwhile be more targeted and flexible, it said.     The report noted an over brisk equity and property market are always prelude of inflation. Money flow should be regulated to prevent asset bubbles.     It also suggested government increase supply of land resources and affordable housing and crack down on land enclosure to curb skyrocketing property prices which gained the most in 14 months in November.     CPI, the main gauge of inflation, jumped 0.6 percent in November from a year ago, the first monthly growth since January, because of lower statistical bases and rising food prices.     The producer price index (PPI), a major measure of inflation at the wholesale level, declined 2.1 percent in November from a year earlier.     The report expected PPI to end monthly drop in December, and the annual CPI decline to narrow to 0.8 percent.     Hyperinflation is unlikely and CPI is predicted to rise four percent next year, it said.

COPENHAGEN, Dec. 16 (Xinhua) -- Chinese Premier Wen Jiabao arrived here Wednesday evening for the ongoing UN Climate Change Conference.     Wen told reporters aboard his special plane that his attendance at the meeting aims to show the great importance the Chinese government and people attach to climate change and to assert their sincerity and determination to work with the international community to meet this global challenge. Chinese Premier Wen Jiabao (3rd, L) signs his autograph on the comment book of honored guests after he arrives at Copenhagen, capital of Denmark , on Dec. 16, 2009. Wen Jiabao arrived here Wednesday evening for the ongoing UN Climate Change Conference. The Copenhagen climate conference is now in its final and critical stage, Wen said, adding that he will closely communicate and coordinate with various parties and deliver a speech outlining China's stance on climate change.     "I hope the meeting, with joint efforts made by various parties, will yield fair, reasonable, balanced and achievable results," he said.     During his stay in the Danish capital, Wen is scheduled to meet with some foreign leaders on the sidelines of the climate summit.     "Wen's trip to Copenhagen will inject a new momentum into the climate change talks and exert positive and important impacts for future international cooperation," Chinese Deputy Foreign Minister Wang Guangya told a press conference on Dec. 10.     The UN Climate Change Conference, which opened on Dec. 7, is to end Friday in Copenhagen. It aims to map out a comprehensive international arrangement for the fight against climate change over the period 2012-2020.

BEIJING, Nov. 14 (Xinhua) -- China's top legislator Wu Bangguo has urged northwest China's Gansu Province to blaze a new trail of development in the western region to realize sound and fast economic and social development.     Wu, chairman of the Standing Committee of the National People's Congress (NPC), made the call when he was inspecting Gansu Province from Nov. 9 to 14. Wu Bangguo (2nd R front), member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee and also chairman of the Standing Committee of the National People's Congress (NPC), inspects the Jiuquan Iron and Steel Group in Jiayuguan city of northwest China's Gansu Province, Nov. 11, 2009. Wu Bangguo made a five-day inspection tour in Gansu Province ending Saturday.Wu called for appropriately handling the relationship among maintaining economic development, restructuring and sustainable development.     He urged the province to do a good job in upgrading structure and improving people's livelihoods while maintaining a steady and relatively fast economic development.     During his inspection, Wu also called on metallurgical and petrochemical enterprises to take full use of the resources and carry out a new round of technological update focusing on energy conservation and cost reduction. Wu Bangguo (3rd L front), member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee and also chairman of the Standing Committee of the National People's Congress (NPC), inspects the Hua Tian Microelectronics Group in Tianshui city of northwest China's Gansu Province, Nov. 11, 2009. Wu Bangguo made a five-day inspection tour in Gansu Province ending Saturday.Wu said that development of new energy and clean energy, including wind power, solar power and nuclear power, would become new points of economic growth. They are also important measures in addressing climate change and guaranteeing energy security, he added.     In addition, Wu stressed that importance should be attached to affairs concerning people's livelihoods, social undertakings, consolidating ethnic unity and promoting social stability.

PORT MORESBY, Papua New Guinea, Nov. 3 (Xinhua) -- Chinese Vice Premier Li Keqiang on Tuesday discussed bilateral relations and other issues of common concern with Papua New Guinean Prime Minister Michael Thomas Somare. Li said Papua New Guinea, as the largest developing country in the South Pacific, has great influence over regional issues.     He said China attaches great importance to bilateral ties with the Pacific island nation, which China has always regarded as a reliable friend and partner.     In recent years, Li said, the two countries have conducted frequent high-level exchanges, deepened political mutual trust, broadened exchanges and cooperation in an extensive number of sectors. Chinese Vice Premier Li Keqiang (R) shakes hands with Papua New Guinean Prime Minister Michael Thomas Somare in Port Moresby, Papua New Guinea, Oct. 3, 2009.    The two countries also have maintained good communication and coordination in multilateral affairs, Li said.     China appreciates the Papua New Guinean government's adherence to the one-China policy, Li said.     He said China is willing to work with Papua New Guinea to put into practice all of the important agreements reached by leaders from both countries, promote exchanges on various levels and explore the potential for economic and trade cooperation.     The vice premier said China has always been supportive of Papua New Guinea's social and economic progress, and would continue to provide assistance to the best of its ability.     Somare, on his part, said his government cherishes its cooperative relationship with China and that the past 33 years have witnessed marked development of the relationship.     He said, as the country's sixth largest trading partner, China has played an active and significant role in promoting Papua New Guinea's social and economical development.     During the talks, Somare reaffirmed his country's continued adherence to the one-China policy.     Li said China and Papua New Guinea have economies that are complementary to each other's and there is huge potential for cooperation.     Two-way trade totaled 860 million U.S. dollars in 2008.     The vice premier said China will continue to encourage more of its enterprises to invest in Papua New Guinea. Both countries, he said, should broaden their areas of cooperation to agriculture, manufacturing and high-tech, apart from energy and resources.     Somare said Papua New Guinea would like to strengthen cooperation with China in trade, investment, agriculture, infrastructure, manufacturing, education and healthcare.     He also said the preferential loans China has provided to Pacific island nations over the past three years have greatly helped the overall economic and social development of these nations.     Li arrived here on Tuesday on an official visit to Papua New Guinea, the last leg of his three-nation tour. Ha has already visited Australia and New Zealand.

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