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BEIJING, March 5 () -- China targets a 14-percent growth in broad money supply, or M2, for 2012 as the government vowed to continue a prudent monetary policy, according to a government work report to be delivered by Premier Wen Jiabao Monday morning.The 14-percent M2 growth target in 2012, higher than an actual increase of 13.6 percent year-on-year in broad money supply last year, is the lowest level since 2001, according to data from the People's Bank of China, the central bank."We will employ a full range of monetary policy tools, appropriately adjust the supply and demand of money and credit, and maintain proper growth of financing from nongovernmental sources," said the report distributed to the media before the opening of the annual session of the National People's Congress (NPC), China's top legislature.The government pledged to improve the credit structure, support key state projects that are under construction or expansion and low-income housing projects, and increase credit support to enterprises, especially small and micro businesses, whose operations are in accordance with industrial policies and whose products have market demand.According to the report, the government will effectively reduce the financing costs of the real economy, and continue to strictly restrict loans to industries that are energy intensive, have high emissions or possess excess production capacity.The government will set up a sound mechanism for preventing systemic financial risks and for coordinating financial oversight and supervision to strengthen the ability to withstand risks, standardize all types of lending activities, and guide the sound development of private financing. ?Special Report: NPC, CPPCC Annual Sessions 2012
DAKAR, March 24 () -- The electoral observer mission of the European Union will deploy 90 observers in Senegal's 45 departments and 14 regions to monitor Sunday's presidential run- off between outgoing President Abdoulaye Wade and ex-prime minister Macky Sall.This mission came to the West African country at the invitation of the Senegalese government.Head of the mission Tjis Berman made an appeal at a press conference held in the capital Dakar on Friday to the Senegalese authorities to take all measures to ensure that the voting exercise goes on peacefully, while asking the two candidates not to hurriedly declare the election results."There is political tension and I hope that the candidates will demonstrate some restraint before making any declarations. We are there to observe that the Senegalese law is respected. It will be unfortunate if a candidate declares himself as the winner because it is only the Court of Appeal that is mandated to publish the results," Berman said.He said the first round held on Feb. 26 was well conducted despite a few challenges such as opening some polling stations late. He said he hoped that such mistakes will be corrected during the second round.
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