News » China » China's central bank to keep monetary policy stable

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• China's central bank to keep monetary policy stable
• Old Chinese ID cards to expire
• Beijing to roll out tough food safety law
• China pledges further cooperation with UN
• China bans using historical sites as business assets
• China's top legislature to vote on draft decision on online info protection
• 3.41 bln passenger trips expected during Spring Festival rush
• Chinese gov't aircraft disturbed by Japan: spokesman
• Chinese military on guard against Japanese jet activity near Diaoyu Islands
• China bans using historical sites as business assets
• Chinese scientists find evidence for speed of gravity
• Huge crowds expected for New Year countdown in HK
• Beverage company marking false dates on products
• Growing trend of compound sources in air pollution
• Taiyuan Iron and Steel plans 52% increase in exports
• Beijing to publicize quality of tap water
• Unmanned drone ready for testing
• Apple ordered to cease infringement of Chinese writers work
• Apple fined for copyright violation
• China refutes counterfeit drug export accusations

China's central bank to keep monetary policy stable Posted: 27 Dec 2012 11:11 AM PST China's central bank said Thursday it will continue to implement a prudent monetary policy next year and pay close attention to potential financial risks.

Old Chinese ID cards to expire Posted: 27 Dec 2012 11:11 AM PST China's first generation of resident ID cards will expire on Jan. 1, 2013, the Ministry of Public Security said Thursday.

Beijing to roll out tough food safety law Posted: 27 Dec 2012 11:10 AM PST The Beijing municipal government will soon introduce a strict law, as well as an accountability system, to ensure food safety in the city.

China pledges further cooperation with UN Posted: 27 Dec 2012 05:20 AM PST China on Thursday pledged to continue its close cooperation with the United Nations, as Chinese leader Xi Jinping met with Vuk Jeremic, president of the 67th Session of the UN General Assembly.

China bans using historical sites as business assets Posted: 27 Dec 2012 04:48 AM PST The State Council, or China's cabinet, has banned the use of cultural heritage sites in business operations more than a year after a palace in the Forbidden City was converted into a private luxury club.

China's top legislature to vote on draft decision on online info protection Posted: 27 Dec 2012 04:48 AM PST The top legislature will vote on a draft decision on strengthening the protection of online information protection, as well as a proposed revision to the Labor Contract Law, at the end of its bimonthly session on Friday.

3.41 bln passenger trips expected during Spring Festival rush Posted: 27 Dec 2012 02:48 AM PST Public transportation networks are expected to accommodate more passengers during the upcoming Spring Festival travel rush, as millions of people will board trains and buses across the nation to journey home for the holiday.

Chinese gov't aircraft disturbed by Japan: spokesman Posted: 27 Dec 2012 01:48 AM PST A Chinese spokesman confirmed on Thursday that a Chinese marine surveillance plane was disturbed by Japanese military aircraft while patrolling airspace near the Diaoyu Islands.

Chinese military on guard against Japanese jet activity near Diaoyu Islands Posted: 27 Dec 2012 01:48 AM PST China's Defense Ministry on Thursday said the Chinese military "closely monitors" and is "highly vigilant" concerning relevant Japanese Air Self-Defense Force activity in the airspace over the Diaoyu Islands.

China bans using historical sites as business assets Posted: 27 Dec 2012 04:26 AM PST The State Council, or China's cabinet, has banned the use of cultural heritage sites in business operations more than a year after a palace in the Forbidden City was converted into a private luxury club.

Chinese scientists find evidence for speed of gravity Posted: 27 Dec 2012 04:33 AM PST Chinese scientists revealed Wednesday that they have found evidence supporting the hypothesis that gravity travels at the speed of light based on data gleaned from observing Earth tides.

Huge crowds expected for New Year countdown in HK Posted: 27 Dec 2012 04:27 AM PST Hong Kong police said that they are expecting about 100,000 people to gather at the city's main venues -- Tsim Sha Tsui, Central and Wan Chai -- to watch the fireworks displays on New Year's Eve next Monday, local broadcaster RTHK reported.

Beverage company marking false dates on products Posted: 27 Dec 2012 05:30 AM PST A beverage company in Beijing was found to have marked its products with fake production dates, Beijing News reported on Thursday. Two reporters from the newspaper disguised themselves as workers and entered a factory of Xibaolu Beverage Co in suburban Huairou district on Dec 21 to investigate after getting reports from consumers, Beijing News said. The reporters found cans of a walnut and peanut beverage produced that day were printed with dates of Jan 1 or 2, 2013. A total of 166,719 cans of this beverage were printed with the wrong dates, according to the report. A worker with the company told the reporters that they marked the products with future dates to meet the high demand in case a batch of the beverage sold out. Another worker said the printing machine can be adjusted so production dates can be revised. Using fake production dates or revising the date can result in a fine from 500 to 10,000 yuan ($80 to $1,600), and heavier penalties apply for cases causing consequences, according to the regulation on food marking management.

Growing trend of compound sources in air pollution Posted: 27 Dec 2012 05:30 AM PST The 2012 Annual Report on Motor Vehicle Pollution Control in China, released Thursday, emphasized a growing trend of compound sources in the country's air pollution. Tao Detian, a spokesman for the Environmental Protection Ministry, said the number of motor vehicles nationwide in 2011 was at more than 200 million, 30 times more than the 1980 level. The total amount of emissions also rose 14 times, he said. Of all the motor vehicles, only less than 6 percent qualified for the national standard IV for vehicle emissions, the strictest level applied in China, but only in some cities such as Beijing, Xi'an and Chengdu. The report said that China was the largest producer and seller of motor vehicles in the world for three continuous years. Motor vehicle exhaust emissions have become the second most important source of air pollution next only to coal burning.

Taiyuan Iron and Steel plans 52% increase in exports Posted: 27 Dec 2012 05:30 AM PST Taiyuan Iron and Steel Group Co Ltd, the world's largest stainless steel producer by output, plans to increase its product exports by about 52 percent to 500,000 metric tons next year. Experiencing a weak market at home and overseas, it will continue to focus on its high-end key products, it said on Thursday, sales of which have also been affected by the economic slowdown. The company expects to reach revenue of about 130 billion yuan ($20.6 billion) with profit of 380 million this year, and its target in 2013 is to reach revenue of 140 billion yuan with profit of 500 million, it added. Imported iron ore prices have soared from $90 a ton in September to $137 a ton in December, up 46 percent, according to industrial data, as the economy slowly warms. Li Huifeng, a senior employee at the company's technology center, said: "However, TISCO will not be affected too much by the rising iron ore prices because the group owns many mines in Shanxi province, which can provide about half of our raw material supply." The company has annual capacity of 3 million tons of stainless steel.

Beijing to publicize quality of tap water Posted: 27 Dec 2012 05:30 AM PST Beijing will publicize the quality of tap water online starting next year, local authorities have announced. The Beijing Waterworks Group, which is responsible for the tap water supply in the municipality's urban areas and water plants that supply tap water to the suburban districts, will publicize the condition of tap water on their websites at the beginning of each quarter of the year starting on Jan 15, according to a statement from the Beijing Water Authority. Major indexes of tap water, including degrees of color, turbidity and remains of disinfectant will be publicized. This is the first time the municipality has publicized water quality reports, and the water authority said it welcomes advice from residents on how to improve their work.

Unmanned drone ready for testing Posted: 27 Dec 2012 05:30 AM PST An unmanned drone developed by a research team of the People's Liberation Army will soon undergo its first test. The drone's functions include automatic tracing and surveillance, and key attack technologies will be tested, according to a report by Science and Technology Daily on Dec 27. China's Air Force displayed eight types of unmanned drones at the ninth China International Aviation and Aerospace Exhibition held in Zhuhai, Guangdong province, in November. Although progress has been made in recent years, China still lags behind in drone technology compared to some other countries, according to reports.

Apple ordered to cease infringement of Chinese writers work Posted: 27 Dec 2012 05:30 AM PST Electronics giant Apple Inc has been ordered to stop infringing the copyright of eight Chinese writers and pay them more than 400,000 yuan ($64,000) in compensation. The order was in a verdict handed down by Beijing No 2 Intermediate People's Court on Thursday. The court ordered Apple to cease selling electronic versions of the writers' books and compensate them 412,000 yuan in total. The eight plaintiffs include Murong Xuecun, Li Chengpeng and He Ma, popular writers whose books are often on best-seller lists across the country, said Wang Guohua, the writers' lawyer. Wang said after the court hearing that he is satisfied with the verdict regarding the infringement, but said the amount of compensation was too low. The eight writers claimed Apple sold their books through its App Store without authorization, prompting them to appeal to the court at the beginning of this year. The case started on Oct 11. Wang said he has informed the Writers' Rights Protection Union, of the verdict. He said the writers may appeal the case to higher court due to the low compensation. Apple refused to comment on the verdict.

Apple fined for copyright violation Posted: 27 Dec 2012 04:48 AM PST A Beijing court ruled against Apple Inc. in a copyright dispute on Thursday, saying the company must pay a fine for selling unlicensed electronic versions of books online.

China refutes counterfeit drug export accusations Posted: 27 Dec 2012 04:48 AM PST China's Foreign Ministry on Thursday refuted accusations that counterfeit drugs made in China were exported to Africa and posed a threat to public health.

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