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GUIYANG, March 14 (Xinhua) -- The death toll from a partial collapse of an unfinished building Sunday in southwest China's Guizhou Province has risen to seven, the rescue headquarters said.A mold supporting structure in the corridor between two halls at the International Conference and Exhibition Center under construction in Guiyang, capital of Guizhou, collapsed at around 11:30 a.m., burying workers working at the area, said a spokesman for the rescue headquarters.Rescuers found 26 workers who were rushed to hospital. Seven of the workers were proclaimed dead shortly upon arrival at hospital, one more seriously injured.Altogether seven remained hospitalized, and another 12 were discharged from hospital after some treatment.The police were investigating the cause of the accident.

BEIJING, Feb. 21 (Xinhua) -- With Chinese banks' record new lending in 2009 igniting fears about asset bubbles and bad loan, the banking regulator's latest rules aim to bring financial risk under control.The new directives order banks to focus on loan quality control, rather than quantity restriction, and aim to make loans flow to the real economy -- rather than the property and stock markets, which are susceptible to asset bubble formation.Analysts say the directives are a smart way to handle the policy dilemma the central bank faced: with inflationary pressures growing after increased money supply, how can monetary policy be tightened without hurting the fragile economic recovery?The China Banking Regulatory Commission (CBRC) issued new regulations on Saturday evening telling banks to set lending quotas after "prudent calculation" of borrowers' "actual demand".It also reiterated working capital should not finance fixed-asset investment and equity stakes. The new rules also ask lenders to give funds directly to the end user declared by the borrower, instead of directly giving it to the debtor, in an effort to ensure loans are used for their declared purpose.Execution of the directives will help banks exit the "credit stimulus spree", as they pay more attention to risk control. The directives are crucial for the banks' sustainable expansion, said Yu Xiaoyi, analyst with Guangfa Securities.Loose oversight and easy monetary policy have led to many banks developing the bad habit of being excited about loan extension but indifferent to the tracking of loan use, which can result in credit appropriation, an unnamed insider told Xinhua.That allowed many Chinese enterprises to borrow much more than they needed in order to speculate with various types of investment, even though they had ample funds on hand for their routine business operations.In support of the government's 4-trillion yuan stimulus package, Chinese banks lent an unprecedented 9.6 trillion yuan in 2009, nearly half of 2009 gross domestic product.Researchers said that large amounts of the borrowed funds went into property and stock market speculation, further pushing up soaring house prices and further inflating asset bubbles.According to official data released by CBRC, some regions reported two to three percent of funds were misappropriated.Wang Kejin, an official with the Supervision Rules and Regulation Department of CBRC, told Xinhua "the current working capital and individual loans exceeded real market demand,"The inadequate monitoring of loan use demands improvement, otherwise creditors will suffer losses and systemic risks will build, the CBRC said in a statement on its website."Our purpose was to prevent it happening," the statement said.Ba Shusong, a researcher with the Development Research Center of the State Council, China's cabinet, said the new rules will further strengthen credit risk controls and put a "brake" on lending and keep the financial system in good health,Guo Tianyong, a professor with the Central University of Finance and Economics, said the new directive will prevent systemic risk after the rapid expansion in credit.Although the CBRC and the nation's central bank have repeatedly warned banks to maintain an even pace in lending growth and to avoid big fluctuations, new yuan loans hit a massive 1.39 trillion yuan in January, as banks scrambled to lend before an expected tightening in credit later in the year.CBRC chairman Liu Mingkang said on Jan. 27 the Chinese government is aiming to restrict credit supply to 7.5 trillion yuan (about 1.1 trillion U.S.dollars) in 2010.Analysts expect short-term loans to fall significantly on account of tougher lending requirements that prevent businesses using new loans to repay old credit, a phenomena rampant when bill financing with 180-day maturity comprised nearly half of new loans in the first quarter of 2009.To soak up the excess liquidity on the heels of lending spree, China has raised the deposit reserve requirement ratio (RRR) twice this year, after holding it steady for over a year, to handle the "comparatively loose liquidity" while keeping the "moderately easy" monetary policy unchanged.Jing Ulrich, Chairman of China Equities and Commodities at JP Morgan Chase, estimated China's new lending would fall 17 percent this year as the government takes steps to prevent inflation."While lending support for real economic activity is expected to continue, banks are likely to be more vigilant on shorter term credit facilities, given the regulator's anxiety over asset bubbles and capital adequacy ratios," she said.

BEIJING, March 16 (Xinhua) -- China and Britain Tuesday inaugurated their first higher-level strategic dialogue during British Foreign Secretary David Miliband's visit to China.Chinese State Councilor Dai Bingguo and Miliband co-chaired the dialogue, which was held at vice foreign minister level in the past."Elevating the strategic dialogue mechanism is a meaningful event," Dai said at the start of the talks, noting that the mechanism was an important channel for the two nations to make in-depth communication.Dai hoped the two sides would make use of the mechanism to have candid discussion on strategic issues in bilateral and international relations. Chinese State Councilor Dai Bingguo (2nd, R) meets with British Foreign Secretary David Miliband (2nd, L) in Beijing, capital of China, March 16, 2010. Dai Bingguo and Miliband held the strategic dialogue here on Tuesday"This will help us to increase mutual trust and respect, and to promote the stable and healthy growth of China-Britain ties," Dai said.Miliband said the dialogue between the two nations "had always been strategic," and he was vary glad to see the elevation of the dialogue mechanism.Miliband agreed with Dai that major countries should respect each other and enhance cooperation to shoulder common responsibilities.Expressing appreciation for China's achievements in economic growth, Miliband said Britain welcomed China's contributions to the world economy.Miliband hoped the two nations would increase cooperation in tackling climate change and in economic and security sectors.Britain would work with China, on the basis of mutual respect, to push forward the bilateral strategic and cooperative partnership, he said.Miliband is visiting China from March 14 to 17 as a guest of his Chinese counterpart, Yang Jiechi.During talks between the two foreign ministers earlier Tuesday, Yang said China-British relations were developing well, and lifting the level of the bilateral strategic dialogue would further promote bilateral relations."We are willing to work with Britain to further promote our comprehensive strategic partnership," Yang said.He hoped the two nations would enhance communication and strengthen mutual understanding and mutual trust.Yang also suggested the two nations address the financial crisis as an opportunity to actively explore cooperation in financial services, clean energy, renewable energy, energy saving and environmental protection, and to further expand investment and trade links.Yang said the two countries should respect each other's core concerns, including those related to sovereignty and territorial integrity.China and Britain should work together, in line with the principles of mutual respect and equality, to correctly view and properly handle differences, Yang said.

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BEIJING, Feb.7 (Xinhua) -- China's railway network has transported 5.03 million passengers as of Feb. 6, the eighth day of the country's annual Spring Festival transport peak lasting from Jan. 30 to March 10 this year, said the Ministry of Railway (MOR) Sunday.The figure was 105,000 more than that in the same time last year, up 2.1 percent year on year, according to the MOR. Passengers enter the railway station under a shelter against the rain in Guangzhou, south China's Guangdong Province, Feb. 7, 2010. In spite of a heavy rain, the Guangzhou Railway Station was estimated to transport 230,000 passengers on Saturday, 5,000 more than the peak day of last yearBeijing railways have transported 347,418 passengers by Feb.6, and the figures in Guangzhou and Shanghai stood at 576,710 and 325,190, the MOR said.The MOR had forecasted in January that China's railways were expected to transport 210 million passengers during the Lunar New Year travel rush, up 9.5 percent year on year.  Passengers enter the railway station under a shelter against the rain in Guangzhou, south China's Guangdong Province, Feb. 7, 2010. In spite of a heavy rain, the Guangzhou Railway Station was estimated to transport 230,000 passengers on Saturday, 5,000 more than the peak day of last year.

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.

JINAN, Feb. 22 (Xinhua) -- A Chinese vocational school said Monday it has got bored with the repeated reports carried by the New York Times insisting that it was a source of the Google cyber attacks."The reports are too boring, simply unfounded and politically orientated," Li Zixiang, Party chief of the privately-run Lanxiang Vocational School (Lanxiang) in east China's Shandong Province, told Xinhua."We really do not want to read such reports again. If the reporter still has doubts, I invite him to come to our school to talk with us personally," he said.The New York Times has filed two reports recently claiming the cyber attacks on Google and other American firms last year have been traced to Shanghai Jiaotong University (SJTU) and Lanxiang.Google said last month that it might pull out of the Chinese market, citing it services had been hacked by sources originating in China and that it disagreed with some Chinese government policies.In the latest report, the New York Times insisted that Lanxiang had ties with the Chinese military as it was founded on land donated by the army and had sent graduates to join the army."We had indeed used abandoned barracks for teaching venues when our school was founded in 1984, but the barracks were not a 'donation' because we must pay rent regularly for it," Li said."We have already moved out of the old barracks and built our own new teaching buildings," he said.Currently, Lanxiang has more than 20,000 students learning vocational skills such as cooking, auto repair and hairdressing."Like any other country, our school graduates can join the army if they so wish. But you cannot say a school has a military background just because some of its graduates are servicemen," Li said.

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YINCHUAN, Feb. 27 (Xinhua) -- Chinese Vice Premier Li Keqiang called for more efforts to promote the development of China's west region on Saturday.Li made the remarks during an inspection tour in the west Ningxia Hui Autonomous Region."Expanding domestic consumption is key to economic restructuring which is crucial to accelerating the transformation of economic development mode, a strategic task for China at present and in the long run," Li said.Chinese Vice Premier Li Keqiang talks with villagers during an inspection tour in Ningxia Hui Autonomous Region, Feb. 26, 2010Advancing the development of west China is conducive to boosting domestic consumption, adjusting the structure and raising the level of economic development, given the region's vast area and great demand potential, he said.

BEIJING, March 1 (Xinhua) -- China's central government has allocated 28.6 billion yuan (4.2 billion U.S. dollars) to support farmers, the Ministry of Finance said in a statement Monday.The bulk of the funding -- 18.6 billion yuan -- would be used to subsidize farmers in growing improved varieties of crops such as rice, corn, and cotton.The other 10 billion yuan would subsidize purchases of farm machinery such as sowers and reapers, said the statement issued to Xinhua.The funding aimed to improve motivation in agricultural production, and stabilize the country's grain production, according to the statement.Farmers across the country would be eligible for the subsidies.The funding was on top of 86.7 billion yuan of subsidy funding to grain-growing farmers nationwide in February.The financial support for agriculture came as severe drought continued in the nation's west and south.The National Meteorological Center (NMC) issued a drought alert on Sunday warning the severe drought would continue over the next three days.The State Flood Control and Drought Relief Headquarters said Saturday the drought, which started at the beginning of February, had affected 69.6 million mu (4.64 million hectares) of arable land and left 12.7 million people and 8.4 million heads of livestock short of drinking water.

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BEIJING, Jan. 30 (Xinhua) -- China's National People's Congress (NPC), the top legislature, on Saturday voiced strong protest against Washington's plan to sell a package of arms worth about 6.4 billion U.S. dollars to Taiwan, urging the U.S. side to immediately withdraw the wrong decision.The U.S. government announced the plan "in disregard of the strong opposition and repeated representations from the Chinese side," said a leading official of the NPC Foreign Affairs Committee."We are firmly opposed to that (the plan), and has lodged severe representations to the U.S. side," the official said.Such a move is gravely against the three joint communiques between China and the United States, especially the "Aug. 17" communique, in which the United States promised not to seek to carry out a long-term policy of arms sales to Taiwan, and intended to gradually reduce arms sales to the island.The plan endangers China's national security and efforts for peaceful reunification. It also harms Sino-U.S. relations and peace and stability in the Taiwan Strait. "The Chinese people are strongly indignant about it," the official said.The arms package would include 114 Patriot (PAC-3) anti-missile systems, 60 UH-60M Black Hawk helicopters, 12 Harpoon Block II Telemetry missiles, 2 Osprey Class mine hunting ships and a command and control enhancement system, according to a Pentagon website.

BEIJING, March 5 (Xinhua) -- China's Ministry of Commerce spokesman Yao Jian said Friday the U.S. decision to impose preliminary duties on Chinese potassium phosphate salts and coated paper was unfair and discriminatory.Yao said "frequent" countervailing probes by the U.S. into Chinese products have "unfairly restricted normal exports," adding the fresh anti-dumping measures came only two years after the U.S. ruled China's coated paper exports did not harm the domestic industry in November 2007.The two products will face 109 percent and up to 13 percent duties, respectively, according to a U.S. Commerce Department statement Tuesday.Yao said the fundamental reason behind the difficulties in the U.S. coated paper industry was due to weak demand caused by the financial crisis. He said passing the problem on to Chinese manufacturers was unacceptable.He said China firmly opposes abuse of trade protectionist measures by the U.S. and would negotiate with the U.S. over the unfair move to protect the interests of Chinese companies.