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BEIJING, Aug. 6 (Xinhua) - China's Ministry of Agriculture Friday urged local authorities in flood-hit regions to step up efforts to resume agricultural production and create favorable conditions for the autumn harvest following this summer's severe floods.Local departments were ordered to accelerate water drainage, restore damaged infrastructures, strengthen field management, and plant mung bean, potatoes and buckwheat, which have short growth periods, to make up for losses, according to an official from the ministry.The official also required departments to clear away and carry out bio-safety disposal of dead livestock, while increasing epidemic control measures.As of July 21, more than 7 million hectares of farmland in China had been destroyed by torrential rains and floods, according to data from the State Flood Control and Drought Relief Headquarters.
BEIJING, Aug 20 (Xinhua) -- Chinese President Hu Jintao and other state leaders have made donations to help the relief and reconstruction work in Zhouqu County, which was devastated by a massive mudslide .Former President Jiang Zemin donated as well.Other state leaders who donated include Wu Bangguo, Wen Jiabao, Jia Qinglin, Li Changchun, Xi Jinping, Li Keqiang, He Guoqiang and Zhou Yongkang, all Standing Committee members of the Political Bureau of the Central Committee of the Communist Party of China.So far, over 200 million yuan (29 million U.S. dollars) have been raised among Party members and staff of the central state organs.The death toll from the mudslide that hit the county in northwest China's Gansu Province had risen to 1,407 as of 4 p.m. Friday, with 358 still missing.
BEIJING, June 10 (Xinhua) -- The People's Bank of China (PBOC), the central bank, injected 166 billion yuan (24.3 billion U.S. dollars) into the money market this week, easing tight money supply conditions with bill issuance and repurchase agreements.In its regular open market operations Thursday, the central bank auctioned 10 billion yuan (1.46 billion U.S. dollars) of three-month bills at a yield of 1.5704 percent, up 4.04 basis points from June 3.On Thursday, the central bank also conducted repurchase agreement operations -- the first time in almost a month -- by absorbing 10 billion yuan through 91-day repurchase agreements. The yield on Thursday's 91-day repurchase agreement rose to 1.57 percent, up 16 basis points from its previous repurchase operation.Thursday's operations together with Tuesday's 25 billion yuan worth of one-year bill issuance brought the weekly total raised to 45 billion yuan (6.6 billion U.S. dollars). But 211 billion yuan (30.9 billion U.S. dollars) of bills matured this week, meaning a net weekly injection of cash.The central bank's net injection this week was the third straight week of net injection. It pumped 159 billion yuan (23.3 billion U.S. dollars) into the market in the previous two weeks.Since mid-May, China's banks have faced a short-term money squeeze as the PBOC introduced a series of tightening measures to cool the booming property sector.Zhao Qingming, a senior research fellow at China Construction Bank, the country's second largest lender, said the yield changes on central bank bills reflects tight money supply in the short-term.Rising bill yields usually reflect lenders' reduced demand for safety or their cash hoarding.For the whole week, yields on central-bank short-term debt instruments rose compared to the previous week.The yield on one-year bills jumped 8.32 basis points to 2.0929 percent while the yield on three-month bills climbed 4.04 basis points to 1.5704 percent. The yield on 91-day repurchase agreements added 16 basis points to hit 1.57 percent.
BEIJING, July 12 (Xinhua) -- Chinese Foreign Minister Yang Jiechi held official talks with his Icelandic counterpart Ossur Skarphedinsson here on Monday, vowing to further expand mutual understanding and push forward bilateral ties up to a new stage.Calling the two countries good friends and partners, Yang said China and Iceland enjoy solid foundation of trust though they had different national conditions. Both sides had fruitful cooperation in the areas such as trade, fishery and culture, and kept sound contacts and coordination in global and regional affairs."China is ready to take the chance of the 40th anniversary of the establishment of diplomatic ties next year to further enhance understanding and cooperation with Iceland," Yang said. Chinese Foreign Minister Yang Jiechi (R) shakes hands with Icelandic Foreign Minister Ossur Skarphedinsson in Beijing, capital of China, July 12, 2010.Skarphedinsson reiterated his country's adherence to the one-China policy, adding Iceland is committed to strengthening bilateral pragmatic cooperation in various areas.Hailing the smooth growth of bilateral ties, he extended appreciation for China's support for his country when it was severely hit by the global financial crisis these years.