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BEIJING, Feb. 26 (Xinhua) -- The China Banking Regulatory Commission (CBRC), the banking regulator, said Friday it would introduce four measures to facilitate the development of rural financial institutions.The CBRC would improve supervision of rural financial institutions, strengthen risk management, encourage their adopting effective corporate governance model, and evaluate the quality of their services, said Zang Jingfan, the supervision department director of the CBRC.China approved a total of 172 new-type rural financial institutions, including 148 rural banks, 8 lending firms and 16 rural mutual cooperatives by the end of 2009, according to Zang.Outstanding loans by these institutions totaled 18.1 billion yuan, of which 36 percent went to farmers and more than 50 percent to small businesses, he said.The government has been trying to boost lending to farmers and companies in the countryside, and the CBRC announced last year a plan to set up 1,293 rural financial institutions by 2011 to boost rural development.

BEIJING, Feb. 5 (Xinhua) -- The State Council of China Friday issued an urgent notice urging relevant departments and local authorities to settle pay disputes involving migrant workers as millions of them are heading home for lunar new year reunion.The notice asked local governments and relevant departments to prioritize in their work the settlement of migrant workers' back pay dispute with their employers.It underlined the construction industry where back pay disputes often happen.It also ordered local governments to improve the emergency management system to respond to possible mass incidents caused by pay disputes.Two migrant workers were stabbed to death by their employer over a pay dispute Wednesday in central China's Henan Province.The two men asked for wages on behalf of 17 fellow workers and got into a fight with their labor contractor after being told that their monthly payment had been docked by over 100 yuan (about 14.6 U.S. dollars), and then were stabbed in the neck with a fruit knife by the contractor.In China, millions of migrant workers from the countryside make their living in booming cities. Back pay to migrant workers has affected the income of the rural population for a long time and is considered a "chronic illness" undermining social stability.

BEIJING, March 14 (Xinhua) -- Chinese Premier Wen Jiabao said on Sunday China will strive to make balanced international payment and promote free trade, although protectionism worsens as the global financial crisis deepens."I am a staunch supporter of free trade, since it will not only promote world economic growth, but also improve people's livelihoods," Wen made the remarks at a press conference after the close of the annual parliament session."We will launch new measures to increase imports. We sent purchasing groups to the European Union and the United States when the world was stranded in the most difficult period of time (in the global financial crisis)." he said.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, 2010He said the worsening protectionism amid the world economic slump deserves alerts of all countries."Some countries' moves to shore up exports are understandable. But what I can not understand is they devaluate their own currencies while on the contrary pushing for the appreciation of others' currencies. I think it is protectionism," he said.Wen also said he hopes the United States and European Union recognize China's market economy status, and lift ban on hi-tech exports to China.

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WASHINGTON, Feb. 27 (Xinhua) -- China remains the largest foreign holder of U.S. Treasury securities as at the end of December, the U.S. media reported on Saturday.The report quoted the new government data as saying that China held 894.8 billion dollars in Treasury securities at the end of December, more than 755 billion dollars that had been previously estimated.But the new report also showed China trimmed its holdings of U. S. debt by 34.2 billion U.S. dollars in December.The U.S. Treasury reported on Feb. 16 that Japan surpassed China as the largest holder of U.S. Treasury securities in December. But the new estimate said Japan, now back in second place, held 765.7 billion dollars in December.Japan had been the largest holder of U.S. Treasury securities until China gained that distinction in 2008."Purchase of Treasuries by China would reflect only purchases by an entity in China from an entity based in the U.S.," Stone & McCarthy Research Associates said in a recent client note."The Data would not pick up purchases done on behalf of Chinese investors by dealers in the U.K or Hong Kong, for example, nor would it pick up purchases of Treasuries by investors in China from investors based outside of the U.S.," it added.China defended its move to reduce its holdings of U.S. Treasury securities, saying the United States should take steps to promote confidence in U.S. dollar .Last week, when responding to questions on China's sale of U.S. Treasury securities in December, China's Foreign Ministry spokesman Qin Gang said the issue should be viewed from two perspectives.He said on the one hand, China always followed the principle of "ensuring safety, liquidity and good value" in managing its foreign exchange reserve. And when it came to how much and when China buys the bonds, the decision should be made taking into account the market and China's need, so as to realize rational deployment of China's foreign exchange property, he said.And on the other hand, the United States should take concrete steps to beef up the international market's confidence in the U.S. dollar, Qin said.The way to view the issue was similar to doing business, he said.

GUIYANG, Feb. 6 (Xinhua) -- The eight workers who were trapped Friday in a collapsed railway tunnel in southwestern Guizhou Province were rescued Saturday afternoon.Rescuers drilled a shaft leading to the trapped workers and took them out from the tunnel. The eight people are in good health conditions and can walk with the help of the rescuers.They were sent to hospital for medical examinations.The workers were constructing the second line of Liupanshui-Zhanyi section of the Guiyang-Kunming railway when the tunnel collapsed at 1:26 a.m. Friday, said Long Qiufang, secretary-general of the Liupanshui city government. A worker is rescued from the collapsed tunnel at the building site of the second line of Liupanshui-Zhanyi section of the Guiyang-Kunming railway near Liupanshui City in southwest China's Guizhou Province, Feb. 6, 2010.The 639-kilometer railway links Guiyang, capital of Guizhou, with Kunming, capital of southwestern Yunnan Province. It was built in the 1960s and was put into operation in Dec. 1970.  A worker is rescued from the collapsed tunnel at the building site of the second line of Liupanshui-Zhanyi section of the Guiyang-Kunming railway near Liupanshui City in southwest China's Guizhou Province, Feb. 6, 2010. Eight workers trapped in a collapsed tunnel along the Guiyang-Kunming railway line were rescued on Saturday

LONDON, Feb. 15 (Xinhua) -- British Prime Minister Gordon Brown said "Gong Xi Fa Cai", or "Wishing you prosperity" in Chinese, on Monday during a reception held at 10 Downing Street to mark the start of the Chinese Lunar New Year.In a message to mark the occasion, Brown said the government would continue to promote values shared with the thriving Chinese community such as the belief in "hard work, enterprise, community spirit and strong families."British Prime Minister Gordon Brown (1st L) expresses warm new year wishes to attendees during a reception at No. 10 Downing Street, the residence of the Prime Minister, in London, capital of the U.K., Feb. 15, 2010. Brown hosted a reception for overseas Chinese in Britain here on Monday to celebrate the Chinese Lunar New Year that falls on Feb. 14 this yearBrown said: "We are doing all we can to ensure economic stability and job security and I am proud that many Chinese entrepreneurs continue to create employment and contribute to the nation's GDP."Almost 100 guests including television presenter Gok Wan visited Number 10 to celebrate the beginning of the Year of the Tiger.   British Prime Minister Gordon Brown expresses warm new year wishes to attendees during a reception at No. 10 Downing Street, the residence of the Prime Minister, in London, capital of the U.K., Feb. 15, 2010.

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 BEIJING, March 22 -- Followings are regions set to be new driving force for China's economy.Xinjiang Uygur autonomous regionXinjiang literally means "New Frontier", and it is promising to be a new economic frontier in China's northwestern areas. Xinjiang Uygur autonomous region has abundant oil reserves and it is the largest natural gas-producing region in China. An economic development plan for Xinjiang is expected to come out soon. It will emphasize use of Xinjiang's advantageous resources, including petrochemicals, coal, non-ferrous metals and agriculture. The investment is likely to rise steadily over the next three years, driven by increased financial support from central government and neighboring provinces, and large-scale investment for key projects from State-owned companies. The rising tourism industry will also be a contributor to Xinjiang's economic growth.Tibet autonomous regionThe Tibet autonomous region is becoming another hotspot in China's regional economic development. The plateau region was traditionally dependent on farming and herding. Recently Tibet laid out a plan to explore its mineral resources, while pledging to stick to rational exploitation and minimizing the damage to the natural environment. The government announced plans to achieve "leapfrog development" in Tibet in January, including building the region into a "strategic reserve of natural resources" with the aim of reducing poverty among the Tibetan people. Tibet has more than 3,000 proven mineral reserves and it has China's biggest proven chromium and copper deposits. According to the plan, mineral resources will contribute at least 30 percent to the regional GDP over the next 10 years. Tourism will continue to play a significant role in supporting the economy.

BEIJING, Feb. 10 (Xinhua) -- The Overseas Chinese Affairs Office of the State Council on Wednesday extended Chinese Lunar New Year greetings to all overseas Chinese, returned overseas Chinese and their relatives.Li Haifeng, director of the Overseas Chinese Affairs Office, said in a New Year speech that 2009 was a special year, in which China withstood the impact of international financial crisis and cross-Strait relations showed momentum for peaceful development."We sincerely hope that overseas Chinese will continue to contribute to the great cause of peaceful reunification of China," she said.Li extended best wishes for the Spring Festival -- which falls on Sunday -- to Chinese all over the world and promised that overseas Chinese affairs offices at all levels would continue to improve services to overseas Chinese and protect their rights.

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TAIPEI, Feb. 15 (Xinhua) -- Taiwan leader Ma Ying-jeou said Monday that the Economic Cooperation Framework Agreement (ECFA) with the mainland is aimed to help Taiwanese people to do business and boost the island's competitiveness.Ma made the remarks in Taoyuan, a northwestern county of the island, at a gathering to mark the Chinese Spring Festival, or Lunar New Year.The ECFA is a wide-ranging economic pact for further normalizing trade and investment ties across the Taiwan Strait, which Ma hopes to sign with the mainland this year to help fuel Taiwan's economic revival.Tariff reduction would promote the sales of goods from Taiwan to the mainland, which will benefit both the Taiwanese businesses and the foreign-funded businesses in Taiwan, Ma said.This will help Taiwan to introduce more foreign investment and grant the island an opportunity to become a hub of economy and trade in the Asia-Pacific region, he said.As the mainland is Taiwan's biggest trade partner, the pact will certainly do more good than harm, Ma said.Ma also attended an ancestor worship ceremony in Majiazhuang, Miaoli County on Monday and said that the ancestors of him and local residents moved from Fufengtang, northwest China's Shaanxi Province, to the island some 2,000 years ago.He also spoke optimistically of the economy situation and expected an economic growth of 4 percent in Taiwan this year.