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YINCHUAN, Nov. 18 (Xinhua) -- Millions of Chinese Muslims across the country celebrated the tradition of Corban on Tuesday and Wednesday.In northwest China's Ningxia Hui Autonomous Region, 76-year-old Liu Wenming attended a religious ceremony at the Nanguan Mosque in the regional capital, Yinchuan, Wednesday morning, along with some 10,000 Muslims."My son, daughter and grandchildren will come from different parts of Ningxia to have a family lunch with me. Then we will visit other relatives and friends," said Liu.In Qinghai Province, also in the northwest, many Muslims began to gather at the Dongguan Mosque in the provincial capital Xining before 8 a.m. Tuesday. By 9 a.m., roads outside the mosque were packed with pious Muslims. Muslims attend a celebration feast held in a street in Nanning, capital of southwest China's Guangxi Zhuang Autonomous Region, to mark Corban Festival, also known as Eid al-adha, Nov. 17, 2010. Chinese muslims celebrate Eid al-Adha, which falls on the tenth day of the twelfth month on the Islamic calendar, to mark the end of the haj and commemorate Prophet Abraham's willingness to sacrifice his son Ismail on God's command.Ten ethnic groups in China, including Hui, Uygur, Dongxiang and Bao'an, celebrate the annual festival -- but they celebrate it on different days. Some celebrated it on Tuesday while others celebrated it Wednesday. The timing depends on each ethic group's tradition.The Corban Festival, also known as Id al-Gurban, is a major Islamic festival that is meant to demonstrate believers' faith and obedience to Allah. People slaughter livestock and divide the animal into three parts.One part is to be eaten by the family. Another part is for relatives and friends. The third part is for charity.Migrant workers from northwest China's Xinjiang Uygur Autonomous Region returned home this month in time for the festival.Eighty-seven migrant workers from Shule County returned home in early November to join their families in celebrating the joyous occasion.Additionally, the regional government organized a reception on Tuesday afternoon, during which Zhang Chunxian, secretary of the regional committee of the Communist Party of China, met representatives from all walks of life.At the end of his speech, Zhang greeted the Muslims while speaking in the Uygur language, which received warm applause.China has more than 20 million Muslims. They mainly live in Xinjiang, Ningxia, Gansu, Qinghai, Yunnan, Shaanxi, Inner Mongolia and Henan.

BEIJING, Nov. 10 (Xinhua) -- China's central bank moved a step further to tighten liquidity amid increasing inflation pressures as it ordered Chinese banks to set aside more reserves on Wednesday.The People' s Bank of China, or the central bank, announced it would raise the deposit reserve requirement ratio (RRR) for Chinese financial institutions that accept deposits by 50 basis points from Nov. 16, which was estimated to freeze more than 300 billion yuan (45.1 billion U.S. dollars).The order came on the eve of Thursday's release of China' s October consumer price index (CPI), which is projected, by some economists, to reach 4 percent.The RRR for the four big state-owned banks - the Industrial and Commercial Bank of China, China Construction Bank, Bank of China and Agricultural Bank of China - will stand at 18 percent once the rise takes effect.Further, Wednesday's move will raise the deposit reserve ratio for other large financial institutions to 17.5 percent and that for small-and medium-sized financial institutions to 15.5 percent.The adjustment is the fourth RRR increase the central bank has ordered for Chinese banks this year, and the first time it has done so since it hiked interest rates by 0.25 percentage points last month.Chinese experts believe combined concerns, ranging from the looming hot money inflows caused by the United State quantitative easing to the growing inflation risks and soaring assets bubbles, have caused the central bank to raise the RRR to rein in liquidity."The central bank announced interest rates hikes and the RRR rise within one month, as the U.S. 600 billion-US-dollar quantitative easing is likely to send more speculative capital flowing to the emerging markets, and domestic commodities prices continue to increase, " senior economist with the Asian Development Bank, Zhuang Jian said, adding that the RRR increase will trim the banks' credit capital, which will help curb market speculation inflows and stabilize commodities prices.China's central bank, on Oct. 20, announced a rise of its benchmark one-year lending and deposit rate by 0.25 percentage points, the first interest rates hike in three years, as the nation's CPI hit a 23-month high to 3.6 percent in September.October's CPI is due to be announced on Thursday, while economists anticipate the October year-on-year inflation is likely to rise to 4.1 percent.Further, prices of China' s edible farm produce have witnessed consecutive increases since mid-October, as prices of 18 types of vegetables in 36 large and medium-sized cities rose by 4.9 percent during the week that ended Nov. 7, according to data released Wednesday by the Ministry of Commerce.Zhang Ping, head of the National Development and Reform Commission, said Tuesday that the nation's CPI is expected to exceed the government' s annual target of 3 percent.Also, the nation's real estate prices continued the upward trend in October, though at a slower pace, with property prices in 70 major Chinese cities increasing by 8.6 percent year on year in October, down from the 9.1-percent increase in September, the National Bureau of Statistics showed Wednesday.Li Huaiding, analyst with the Guoxin Securities Co., said Wednesday's rise would contribute to scaling back liquidity, but pressures still exist in the upcoming months, and the central bank may again increase interest rates before the end of the year.Additionally, the central bank said in a report issued on Nov.2 that it would gradually normalize the monetary policy from its counter-crisis mode and tighten control over liquidity to maintain moderate credit growth in the coming months this year.

BEIJING, Dec. 31 (Xinhua) -- A revised version of China's Regulation on Work-Related Injury Insurance will take effect Saturday, raising compensation standards while expanding the coverage to more organizations.The previous regulation stipulated that the compensation to families of workers who die on the posts is no more than five times the average annual salary in the previous year. The sum varies depending on the regions where the workers are working.Under the current system, the national average compensation is about 100,000 yuan, but the lowest regional average compensation is about 40,000 yuan.The new regulation raises the compensation to 20 times the national annual disposable income for urbanites per capita in the previous year, which means about 340,000 yuan according to 2009 statistics.In addition, the revised regulation covers the country's public institutions, social groups, non-profit grass-root organizations, foundations, law firms and accounting firms.Previously, the rules only include enterprises and small businesses and their employees in the system.

NARA, Japan, Jan. 18 (Xinhua) -- Chinese Culture Minister Cai Wu met with Seiichi Kondo, Commissioner for Cultural Affairs of Japan, Yu In-Chon, Minister of Culture, Sports and Tourism of South Korea on Tuesday in Japan's Nara for the 3rd China-Japan- South Korea Ministerial Conference on Culture.The officials exchanged views on China-Japan, China-South Korea bilateral cultural exchanges and cooperation.During the meeting with Kondo, Cai said that the scale and number of China-Japan cultural exchanges rank the first in international cultural exchanges in China and China is willing to develop the bilateral relations on a strategic and long-term point of view.China will enhance the strategic and mutually beneficial relationship between the two countries through cultural exchanges and cooperation, he added.This year, the Chinese Ministry of Culture, with the joint efforts of the two countries' concerned departments, will hold China-Japan "Animation Festival" as well as "Television Week."Seiichi Kondo agreed with Cai's comments on China-Japan cultural exchanges and cooperation and added that although China and Japan experienced some political twists and turns, Japan always attaches great importance to and actively promote the bilateral cultural exchanges and cooperation.Japan is willing to work hand-in-glove with China in regional cooperation and contribute to improving the bilateral relationship, the Japanese official said.During the meeting with Yu In-Chon, Cai said that with the joint efforts of the leaders and different circles from both countries, China-South Korea cultural exchanges have become an important part of the bilateral strategic partnership.The South Korean minister said the width and depth of cultural exchanges have been expanded year by year. In recent years, the two countries have learned from each other in the fields of culture and art, performance and exhibition, cultural relics reservation, and intangible cultural heritage.Yu In-Chon said he fully agrees with Cai's comments and prospects on China-South Korea bilateral cultural exchanges and cooperation and is willing to work with China to actively promote personnel exchanges, exchanges of troupe performances, and exchanges programs for the youth, in order to deepen the understanding and enhance the feelings between the two peoples.The 3rd China-Japan-South Korea Ministerial Conference on Culture will be officially held on Wednesday.

BEIJING, Dec. 6 (Xinhua) -- A senior official of China's National Energy Administration (NEA) encouraged Chinese firms to invest in the renewable energy market of the United States to boost their competitiveness in the international market.The statement was made by Wang Jun, head of the department of new energy and renewable energy at the NEA, during the wind power section at the China-US Renewable Energy Investment Forum, also attended by officials from the U.S. Department of Energy and the Department of Commerce."While a number of U.S. companies are establishing firms manufacturing wind turbines, bearings and current converters, thus making China an important part of their global business, the U.S. wind power market remains relatively unknown to Chinese firms," said Wang.He noted that the U.S. wind power market has great potential but is short of funding in the wake of the international financial crisis. However, there remains opportunities for many Chinese wind power enterprises with strong expertise and funding.Wang also identified the lack of knowledge about rules for operating in the U.S. market rules, regulations, policies and financing channels about renewable energy investment, as barriers for Chinese firms to enter the U.S. market.