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BEIJING, Feb. 1 (Xinhua) -- The Purchasing Managers' Index (PMI) of China's manufacturing sector stood at 55.8 percent in January, down 0.8 percentage points from the previous month, the China Federation of Logistics and Purchasing said on Monday.

BEIJING, March 14 (Xinhua) -- Premier Wen Jiabao said Sunday that keeping the RMB exchange rate basically stable had played an important role in facilitating the recovery of the global economy from the worst financial crisis in decades.When the global economy was worst hit between July 2008 and February 2009, the real effective exchange rate of the RMB has risen by 14.5 percent, Wen told a press conference after the annual parliament session.  Chinese Premier Wen Jiabao smiles during a press conference after the closing meeting of the Third Session of the 11th National People's Congress (NPC) at the Great Hall of the People in Beijing, capital of China, March 14, 2010.

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, Jan. 28 (Xinhua) -- The Chinese government has decided to cut the number of local government liaison offices in Beijing and strengthen supervision to cut cost and root up corruption, a senior official from the Government Offices Administration of the State Council said Thursday.Counties, local government departments, and development zones were ordered to close liaison offices in the capital within six months, the unnamed official quoted a circular issued by the State Council's General Office on Jan. 19 as saying.As of 2006, Beijing has 50 liaison offices representing China's provinces and special economic zones, 295 representing major cities, 146 representing local government departments and 436 representing counties, figures from the administration showed.Liaison offices of provinces, municipalities and autonomous regions and special economic zones could retain their offices in Beijing, while established city-level liaison offices could be kept only after being approved by provincial governments, according to the circular.The official warned local government to guard against loss of state assets when liaison offices were closed saying the assets should be dealt with according to relevant regulations.Liaison offices usually have assets that include apartments, guest houses and hotels, and restaurants.The circular also clarified major functions of retained liaison offices, which should offer "high-quality, frugal and efficient" service for the economic and social development of their localities.The liaison offices should shoulder tasks entrusted by their localities' Communist Party of China (CPC) committees and government, as well as by the central Party and government organs, the official said.They should also cooperate with the Beijing municipal government in maintaining the capital's stability, offer service for institutions and people from their localities, and help to administer and provide training and service for migrant CPC members from their localities who came to work in Beijing, the official said.To enhance supervision and fight corruption, local government should conduct audit on its liaison office each year, and the Government Offices Administration is empowered to conduct spot-check on local government's audit results when necessary, according to the circular.The official said members of the retained liaison offices should be strict with themselves, shun from extravagant receptions and strictly control expenses.The official said "local government liaison offices s played positive role in coordinating work among regions, handling some emergency incidents, and maintaining the capital's stability."However, lax supervision, a swelling number, shoddy quality, vague definition of their functions were problems plaguing these offices, the official said.Some local government liaison officials were even implicated in serious corruption cases and resulted in serious negative social impact, he said.The measures outlined in the circular could "enhance the building of a clean government, building up a good image of the CPC and the government, cutting administrative cost and expenses, and pushing forward the transformation of the liaison offices' functions," the official said.

BEIJING, Feb. 7 (Xinhua) -- Chinese Premier Wen Jiabao said Sunday that China-Japan ties are at a crucial stage, urging the two countries to enhance mutual trust and step up dialogue and cooperation in all spheres."In the first decade of this century, China and Japan have taken an important step towards the goal of a strategic and mutually beneficial relationship after undergoing twists and turns," said Wen in his congratulatory letter to a meeting on China-Japan friendship.The first meeting of the fifth 21st Century Committee for China-Japan Friendship, an advisory body for the two governments, opened in Beijing on Sunday to discuss various dimensions of China-Japan relations and provide policy suggestions to the two governments.The committee, with Tang Jiaxuan, a former state councilor, and Taizo Nishimuro, Tokyo Stock Exchange (TSE) president, as chairs of the two sides, is holding a three-day meeting."At the crucial stage of bilateral relations, I hope the members from both sides will work closely and come up with valuable suggestions to contribute to the long-term friendship and common prosperity," Wen said.The relations between China and Japan, two important neighboring countries in Asia, have seen stable development since Japanese Prime Minister Yukio Hatoyama took office last September.Wen said the cooperation between China and Japan will "not only benefit both countries and Asia at large, but also exert positive and profound impact on world political and economic structure" in the face of complex international situation and many grave challenges.Hatoyama in his congratulatory letter also urged the two countries to beef up understanding and cooperation to build comprehensively their strategic and reciprocal relations.In his keynote speech at the meeting, Tang Jiaxuan made four proposals on advancing bilateral ties.Tang proposed that the two countries continue to foster strategic mutual trust, work on the economic relations by highlighting cooperation in environmental protection, low-carbon economy and high-tech, boost cultural exchanges and enhance coordination in international and regional affairs.He said China-Japan relations still face some problems and challenges that can't be neglected, noting that their political mutual-trust needs to be promoted, their national feelings towards each other need to be improved and some sensitive issues need to be properly handled.Taizo Nishimuro also made proposals including enhancing political mutual trust, promoting trade liberalization, encouraging cultural exchanges and promoting Asian regional cooperation and world peace.