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BEIJING, Jan. 21 (Xinhua) -- A senior official with China's central bank Wednesday called on lenders to balance their lending this year and to avoid abrupt loan fluctuations.The People's Bank of China (PBOC) will continue to optimize the lending structure and properly manage the pace of credit growth while ensuring sufficient loans for economic recovery, said Zhang Tao, head of the bank's financial survey and statistics department.The PBOC will continue its moderately loose monetary policy this year, he added.Premier Wen Jiabao on Tuesday urged the government to optimize credit structure and maintain a proper pace of credit supply to guard against financial risks.China's top banking regulator Liu Mingkang told the Asia Financial Forum held in Hong Kong Wednesday that China's overall credit growth will be scaled down to 7.5 trillion yuan (1.1 trillion U.S.dollars) in 2010, compared with last year's lending spree of 9.59 trillion yuan.To help soak up extra cash flow, the central bank raised the reserve requirements on banks by 0.5 percentage points on Monday, the first increase in 18 months, which analysts forecast would help freeze 250 billion yuan of liquidity.
BEIJING, March 12 (Xinhua) -- Chinese lawmakers and political advisors from Tibet and Xinjiang said Friday that cultural and religious freedom is fully respected and protected according to law in the two ethnic regions, fighting back against an annual U.S. human rights report."If you go to Tibet, you will find scripture halls or shrines in almost all believers' families, and see prayer banners or cairns of stones with scripture texts almost everywhere," Padma Choling, chairman of southwest China's Tibet Autonomous Regional Government, told Xinhua on the sidelines of the ongoing annual session of the country's top legislature, the National People's Congress (NPC), in Beijing."Monasteries in Tibet are always thronged with believers turning the prayer wheels or paying homage to Buddha. Every year, more than 1 million worshippers make the pilgrimage to the regional capital Lhasa," he said.The central government has allocated 700 million yuan (103 million U.S. dollars) and a great deal of gold and silver since 1980s for the maintenance of monasteries in Tibet, he said.Currently, Tibet has more than 1,700 religious venues and 46,000 monks and nuns, whose religious beliefs are well protected by law, he said.NPC deputy Dawa Tashi, commissioner of Tibet's Ali Prefecture, dismissed the "cultural repression" in the U.S. report.He said in the old days, only the upper class nobles and monks were entitled to learn Tibetan language, but the serfs who accounted for 95 percent of the Tibet's population had no such right."After the peaceful liberation of Tibet in 1951, the central government ensured the Tibetan people's right to learn Tibetan language and Chinese language through legislation," he said.Dawa Tashi also pointed out that it is very "funny" for the U.S. State Department to say in the report "Tibetans repatriated from Nepal reportedly suffered torture, including electric shocks, exposure to cold and severe beatings, and were forced to perform heavy physical labor.""Ali Prefecture shares a long border line with India and Nepal, and it is true that there are some people who illegally cross the border," he said."But when they are caught, they will be handled in strict accordance with law. The fact is that they will not suffer electric shocks or else; on the contrary, we will arrange accommodation and vehicles for them to be sent home," he said."The report is utterly groundless. I strongly advise those who wrote the report visit Tibet personally before drawing a conclusion," said Lhagba Puncog, secretary-general of the Beijing-based China Tibetology Research Center.As a scholar from the Tibetan ethnic group, Lhagba Puncog goes back to Tibet for research for two months every year."I witness the increasing improvement in the living standards of Tibetan people, and they fully enjoy freedom of religious beliefs," he told Xinhua on the sidelines of the annual session of the country's top political advisory body, or the Chinese People's Political Consultative Conference (CPPCC) National Committee.Local government statistics showed that Tibet's gross domestic product (GDP) reached 43.7 billion yuan in 2009, up 170 percent from that in 2000 and posting an annual growth of 12.3 percent over the past nine years.Berkri Mamut, a CPPCC member and director of Shanshan County Islamic Association in Xinjiang, Muslims can practice their religion normally."They can freely attend religious service in mosques or practice fasting during the Muslim holy month of Ramadan," he said."Every year, the government will help make arrangements for about 12,000 Muslims nationwide who go to the holy city Mecca for hajj, of which almost 5,000 are form Xinjiang," he said."It is ridiculous to say there is 'cultural and religious repression' in Xinjiang," he added.NPC deputy Jume Tahir, vice president of the Xinjiang Islamic Association, said the U.S. report distorts facts in Xinjiang's religious activities."Every day, many people come to my mosque for praying. I myself was elected NPC deputy to participate in the management of state affairs. That is the fact," said Jume Tahir, also Imam of the Id Kah Mosque, the largest of its kind in China, in the border city of Kashgar.Yiliduosi Aihetamofu, a CPPCC member and a physician of Tatar ethnic group from the No. 1 Hospital affiliated to the Xinjiang Medical University, said what he has seen in Xinjiang is the fast economic development and improvement of people's lives."We Tatar people has a population of less than 5,000, but our cultural traditions have been preserved well," he said.

LONDON, March 15 (Xinhua) -- U.S. President Barack Obama's pressure on China over its currency's exchange rate is a manifestation of hypocrisy from the West and will not work, a British economist has said."The president is playing with fire... Obama really should tread carefully. At the same time, the United States is now at risk of sparking what could be an all-out trade war," said Liam Halligan in an article carried by this week's Sunday Telegraph.Halligan, chief economist at Prosperity Capital Management, predicted that China will not yield to U.S. pressure on the issue."Beijing will eventually allow the yuan to rise, but in its own time and in order to tackle inflation and not because of U.S. pressure."Chinese inflation is now at 2.7 percent, close to the official 3-percent control target, he noted.Halligan argued that the Chinese yuan may not be under-valued as much as Western politicians have perceived.Although Chinese exports rose by 46 percent in the first two months of 2010, the rise is from a very low base -- with February 2009 being the epicenter of the U.S.-sparked sub-prime storm, he noted.He also pointed out the fact that China's trade surplus dropped by 51 percent in the same period. That means China's gain in exports were out-weighed by an import surge."This hardly suggests the yuan, as (U.S. Treasury Secretary Tim) Geithner claims, is 'way too low'," said Halligan.Geithner said in January that Obama believed China was manipulating its currency.On Obama's latest call for China to adopt a more "market-oriented exchange rate," Halligan said Washington is actually the biggest currency manipulator in the world."The reality is that America's 'weak dollar' policy -- its long-standing practice of allowing its currency to depreciate in order to lower the value of its foreign debts -- amounts to the biggest currency manipulation in human history."Halligan also noted that Washington has for years "shamefully stalled" on various rulings of the World Trade Organization that showed America to be breaching global trade rules."America needs to act smarter and get its own economic house in order. Obama has decided instead to lash out at China in a desperate attempt to placate a U.S. electorate increasingly mindful of their president's failings," said Halligan.The economist said Western politicians' blame game against emerging markets over the current global imbalances reflects their hypocrisy and lack of character."It's always easier to blame someone else for your failings... The Western world's response to this self-made 'credit crunch' has highlighted the hypocrisy of our so-called leaders, their refusal to face reality and, above all, their lack of character," he said."The implication (of statements of Western politicians) is that sub-prime, and the deepest Western recession in generations, wasn't our fault. It was entirely unrelated to widespread financial fraud, political myopia and lax regulation," Halligan scorned.
BEIJING, March 22 (Xinhua) -- Senior Chinese leader Zhou Yongkang has urged law enforcement departments at all levels to ensure their work practices are just and incorrupt to better solve social conflicts and uphold justice."Currently, our country is experiencing a period when social conflicts are prominent and more and more cases have emerged in the judicial field," Zhou told a plenary meeting for the Political and Legislative Affairs Committee of the CPC Central Committee here Monday."More people are expecting to protect their own rights through judicial channels and they also have a higher requirement for just law enforcement," said Zhou, also a member of the Standing Committee of the Political Bureau of the CPC Central Committee."However, many people's ideas, abilities and working styles in the judiciary who enforced the law still left much to be desired," he said, adding that many proposals raised during the just-concluded annual parliamentary and political advisory sessions were about law enforcement.Zhou urged related departments at all levels to "carefully" study these advices and proposals and investigate and correct mistakes.
BEIJING, Feb. 26 (Xinhua) -- The Standing Committee of the National People's Congress (NPC), China's top legislature, concluded its three-day session Friday, after approving the National Defense Mobilization Law and an amendment to the Copyright Law.President Hu Jintao signed decrees to publish the new Law and the amendment to the Copyright Law, which will take effect on July 1 and April 1 respectively.The concluding meeting was presided over by Wu Bangguo, chairman of the NPC Standing Committee.The National Defense Mobilization Law "is significant for enhancing the country's national defense building, strengthening mobilization ability for national defense, as well as for safeguarding national security and ensuring economic and social development," Wu said.The top legislator warned of the "pressing task" of ensuring food safety, and called for improving the country's food safety supervision network.Final preparations were made during the bimonthly session for the upcoming 11th NPC annual session.The session was a very important meeting for expressing ideas about how the country could further develop, Wu said.He urged all the NPC Standing Committee members to listen to the opinions of NPC deputies who would attend the annual session, and fully respect their democratic rights.The Standing Committee approved the draft agenda of the upcoming annual session and a work report by the 11th NPC Standing Committee which is to be delivered by Wu at the session.The top legislature Friday appointed Wu Shuangzhan, Peng Xiaofeng, Liu Yongzhi, Liu Zhenwu, Ge Zhenfeng, and Fu Tinggui as vice chairpersons of six special committees under the NPC respectively.The Credentials Committee of the NPC Standing Committee examined the qualification of deputies to the 11th NPC. The total number now stands at 2,981, Wu said.The standing committee confirmed Friday the qualification of five senior officials including Sun Zhengcai, Wang Rulin, Sun Chunlan, Padma Choling, and Luo Huining as newly-elected deputies to the 11th NPC.They were elected in Jilin and Fujian provinces, Tibet Autonomous Region, and Qinghai Province.Members of the NPC Standing Committee also agreed to expel Chen Shi, former county head in Wuchuan county in southwest China's Guizhou Province, from the national legislature for his suspected violations of law and discipline.The top legislature also ratified a bilateral consular agreement with the Philippines.Wu Bangguo also presided over a special lecture Friday afternoon to help members of the NPC Standing Committee better understand the importance of technology innovation in supporting the country's sustainable development.
来源:资阳报