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BEIJING, Aug.1 (Xinhua) -- The People's Bank of China, China's central bank, has asked its branches to effectively implement a moderately loose monetary policy in the second half of the year.The bank urged maintaining the continuity and stability of monetary policies while making them more targeted and flexible, according to a statement on the bank's website after a meeting with branch presidents.It also urged adhering to the policy of striking a balance between keeping stable and relatively fast economic growth, adjusting the economic structure and managing inflation expectations.It asked its branches to stick to its annual lending target while maintaining market liquidity at a reasonable level.Housing loan policies should be strictly implemented to ensure the stable and healthy development of China's real estate market, the statement said.h China's monetary policy should be more proactive, targeted and effective, the statement added.The central bank has set a target to keep the country's new bank lending to below 7.5-trillion-yuan (1.1 trillion U.S. dollars) in 2010.In the first half of the year, China's new yuan-denominated lending hit 4.63 trillion yuan, down 2.74 trillion yuan from the same period last year.

GENEVA, June 14 (Xinhua) -- A senior Chinese official on Monday called for continued international cooperation in tackling unemployment and other social problems caused by the global financial crisis."The international financial crisis is still ongoing, and in particular jobs recovery in many countries lag far behind their economic recovery," said Wang Xiaochu, deputy minister of human resources and social security."As the destiny of countries is interconnected in this world, we need to work together like passengers in the same boat to overcome the impact of the crisis, strive to build a global environment that is more fair and equitable, and achieve as quickly as possible recovery and inclusive growth through decent work," Wang said.The official was addressing a high-level session of the 99th International Labor Conference, which lasts from June 1 to June 18 focusing on global employment issues following the economic crisis.Wang said the Chinese government had adopted a host of measures aimed at promoting a more active employment policy and improving the social security system, as part of the country's efforts to implement the International Labor Organization's Global Jobs Pact.He said those measures had been successful. "By the end of 2009, the most difficult period for employment in China was over. Some 11.02 million new jobs had been created in urban areas in the whole year.""The employment situation for the youth is better than previous years. Businesses cut fewer jobs than before with growing demand for workers, and the total size of the rural migrant workers increased by 4.92 million," he added.

BEIJING, July 12 (Xinhua) -- Housing prices in major Chinese cities rose 11.4 percent year on year in June, one percentage point lower than the increase in May, the National Bureau of Statistics (NBS) said Monday.This was the second consecutive month that China's property prices grew at a slower pace. Property prices in the 70 large and medium-sized cities grew 12.4 percent in May, 0.4 percentage points lower than that of April.On a monthly basis, June property prices in these cities fell 0.1 percent compared to the month before, the NBS said.New home prices rose 14.1 percent year on year in June, down one percentage point from May. Prices of second-hand homes gained 7.7 percent last month, compared with an increase of 9.2 percent in May.The Chinese government started a campaign in April to rein in soaring house prices, including tightened scrutiny of developers' financing, limited loans for third-home purchases, and higher down-payment requirements for second-home purchases.

BEIJING, Aug. 7 (Xinhua) -- The All-China Journalists Association (ACJA) voiced its support on Saturday for journalists' rights of supervision after a reporter was beaten when attempting to interview a stand-up comedian."It is imperative to safeguard journalists' legitimate rights to interview and stop any misconduct that interferes with journalists' legitimate interviews," read a brief announcement posted on the ACJA's website."To have supervision in accordance with the law is the legitimate rights of news organizations," it added.The move came after Zhou Wenfu, a Beijing Television (BTV) reporter, was repeatedly punched Sunday when attempting to interview Guo Degang, China's most famous stand-up comedian at his villa, according to clips of the beating that have been widely circulated on the Internet and broadcast on BTV.Zhou was trying to verify reports that Guo had illegally extended his property onto the public green space.

BEIJING, June 13 (Xinhua) -- China values its traditional friendship with Zimbabwe and hopes to push forward relations between the two countries as well as the two armed forces, said Chinese Defence Minister Liang Guanglie here on Sunday.Liang made the remarks in a meeting with Zimbabwean Commander of Defence Forces Constantine Guveya Chiwenga.Liang hailed the traditional friendship between the two countries. He spoke of Zimbabwe's defence forces as a "good friend and partner" of People's Liberation Army (PLA).Since the establishment of China-Zimbabwe diplomatic ties 30 years ago, cooperation between the two nations had continuously deepened in the areas of politics, economics and trade, culture, education and health, Liang said.China expressed appreciation for Zimbabwe's firm adherence to the one-China policy and its support to China's peaceful reunification, said Liang. He also thanked Zimbabwe for support on issues concerning China's core and major interests.Chiwenga expressed appreciation for China's long-standing support to Zimbabwe in various areas. He reaffirmed that his country would continue to stick to the one-China policy and was willing to further enhance exchanges and cooperation between the two armed forces.He also said Zimbabwe attached great importance to cooperation with China, and hoped to strengthen friendly cooperation with China within the framework of China-Africa Cooperation Forum.Earlier Sunday, Chiwenga also met with Chief of the General Staff of the PLA Chen Bingde.