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BEIJING, June 23 (Xinhua) -- Chinese banks should set up an independent risk management system in line with its strategic expansion plan as part of efforts to ward off financial risks, China's banking regulator said Wednesday.The breakout of the global financial crisis highlighted the necessity of increasing management of differentiated sovereign risks, the China Banking Regulatory Commission said in a guideline published on its website.Just as Chinese banks were expanding throughout the world, the overseas risks they were facing were on the rise, the guideline noted.Sovereign risks refer to ones that banks are exposed to when overseas borrowers or debtors are unable to repay debt because of their countries' economic, political and social changes.Chinese lenders were required to differentiate risks according to the countries involved and make policies on the minimum potential loan loss provisions ranging from 0.5 percent to 50 percent, according to the guideline.The banks must meet the requirements under the guideline by June 1, 2011.

TOKYO, July 27 (Xinhua) -- China and Japan on Tuesday conducted the first round of negotiation on the implementation of the principles of consensus concerning the East China Sea issue.Present at the talks were Ning Fukui, director general of the Chinese Foreign Ministry's Boundary and Ocean Affairs Department, and Akitaka Saiki, director general of the Japanese Foreign Ministry's Asian and Oceanian Affairs Bureau, Natural Resources.In a positive, candid and practical atmosphere, the two sides exchanged views on the implementation of the principles of consensus.And the two sides agreed to make concerted efforts to gradually accelerate the process of implementing the principles of consensus through friendly consultations and attain the common goal of turning the East China sea into a sea of "peace, cooperation and friendship."The decision to hold the negotiation was made by Chinese Foreign Minister Yang Jiechi and his Japanese counterpart Okada Katsuya after a meeting on the sidelines of the ASEAN Ministerial Meeting in Hanoi, according to a press release from the Chinese foreign ministry Thursday.

BEIJING, July 22 (Xinhua) -- China and Japan will on July 27 hold the first round of negotiation on the implementation of the principles of consensus concerning the East China Sea issue.The decision came after a meeting between Chinese Foreign Minister Yang Jiechi and his Japanese counterpart, Okada Katsuya, on the sidelines of the ASEAN Ministerial Meeting in Hanoi, according to Foreign Ministry press release Thursday.The decision was reached after consultations between the two nations' relevant departments, foreign ministry spokesman Qin Gang said in the release.According to Qin, the two countries' foreign ministers expressed their satisfaction about the state of China-Japan relations in their meeting.

BEIJING, July 30 (Xinhua) -- The Chinese government will offer greater financial support to education for ethnic minority groups in the next decade, says a national education plan released Thursday.The Outline of China's National Plan for Medium and Long-term Education Reform and Development (2010-2020) says allocation of public educational resources shall favor minority-inhabited areas."Speeding up educational development for ethnic minority groups is of far-reaching importance for promoting socioeconomic development among the people and in the areas inhabited by them, and for enhancing unity between people of different ethnic backgrounds," the outline says.Efforts shall be made to promote coordinated development of all kinds of education at all levels in minority-inhabited areas, it says.Border counties and impoverished counties in ethnic autonomous areas shall be supported to meet government standards for the construction of school buildings for compulsory education, with special efforts devoted to building boarding schools, it says.Development in senior middle school education in the minority-inhabited areas shall be speeded up. Support shall also be granted to areas with poor education in a bid to renovate, expand or build senior middle schools, it adds.No effort shall be spared to expand vocational education in minority-inhabited areas, and more support shall be granted to secondary vocational education in these areas, according to the outline.And more support shall be granted to educational development for ethnic minorities with small populations, it says.Efforts shall also be made to advance bilingual teaching, open Chinese language classes in every school, and popularize the national common language and writing system.However, minority groups' right to be educated in their native languages shall also be respected and ensured, it says.Schools in minority-inhabited areas shall get more help from their counterparts in other parts of the country under a "pairing-assistance" program, it saysThe education for ethnic minority groups has seen marked progress in recent years, it says.

XIANGNING, Shanxi, July 2 (Xinhua) -- Eight miners trapped for 35 hours in a flooded colliery in north China's Shanxi Province were saved early Friday, rescuers said. One miner is still missing.The eight survivors were taken to hospital for treatment. They are in stable conditions, said Li Youcai, deputy chief of Shengping Coal Mine Workers' Hospital in Taitou Town.They are expected to recover and be discharged from hospital in one week, Li said.The first four survivors were rescued and sent to hospital at around 2:30 a.m.; the other four miners were helped out of the pit at around 4:10 a.m., rescuers saidThe eight survivors were known to be alive and had been in close contact with the rescuers via phone after the Shengping Coal Mine in Jixian County where they worked was flooded with torrential rain water Wednesday.The accident happened at around 5 p.m. when 23 miners were performing repair work underground. Fourteen miners managed to escape.Rescuers were still trying to find out the whereabouts of the last missing miner, who lost contact with the others after the flood.The Shengping Coal Mine, owned by the Shanxi Coal Transportation and Sales Group Co., Ltd., has an annual output of 900,000 tonnes.