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GUANGZHOU, Dec. 14 (Xinhua) -- Chinese Vice Premier Li Keqiang called for more efforts from local authorities to stabilize prices and improve people's lives.Li made the remarks during a two-day inspection tour from Sunday to southern China's Guangdong Province, where he opened the first Asian Para Games in the provincial capital city of Guangzhou.Li said more efforts should be made to stabilize prices and make the country' s macro control policies more targeted, more flexible and more effective.When touring a vegetable production base in the province's Qingyuan City, Li said local governments should make every effort to ensure the market supply of daily necessities such as principal agricultural products, while keeping prices stable.Chinese Vice Premier Li Keqiang (R, front) talks with athletes taking part in Guangzhou 2010 Asian Para Games in Guangzhou, capital of south China's Guangdong Province, Dec. 13, 2010. Li made a two-day inspection tour to Guangdong Province from Dec. 12 to 13.China's consumer price index, a measure of inflation, jumped to a 28-month high at 5.1 percent in November, boosted mainly by soaring food prices. The November CPI figure well exceeded the Chinese government's full-year CPI target of 3 percent.Local governments should build more public facilities, offer better public service and create a more comfortable living environment for the public during the urban construction and municipal management, Li said.

BEIJING, Jan. 17 (Xinhua) -- The National Committee of the Chinese People's Political Consultative Conference (CPPCC) hosted a tea party here Monday for widows of deceased political advisors and other notable figures, ahead of Spring Festival.Jia Qinglin, chairman of the CPPCC National Committee, attended the tea party, and Wang Gang, vice chairman of the CPPCC National Committee, made a speech.Jia Qinglin (C, Front), chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), attends a tea party held for the widows of deceased political advisors and other notable figures ahead of the Spring Festival in Beijing, capital of China, Jan. 17, 2011.Wang reviewed the outstanding achievements made over the past year in China's modernization and reforms. He said the memory of those old revolutionaries was especially cherished ahead of the traditional holiday.

ISLAMABAD, Dec. 19 (Xinhua) -- Chinese Premier Wen Jiabao's latest visit to Pakistan will further enhance the all-weather strategic relationship between the two countries, Pakistani media said Sunday.Pakistan's media gave extensive coverage to Wen's visit. They made special reports highlighting various aspects of the China-Pakistan friendship and the assistance of both countries extended to each other in disaster management.The strategic partnership will be advanced as a package of agreements were signed during Wen's three-day visit, the official news agency Associated Press of Pakistan (APP) reported."Chinese support for the youth mobilization, reconstruction plan for flood affected people and strengthening of economic ties are laudable steps which will directly benefit the people of Pakistan," Pakistani federal minister for women development Firdous Ashiq Awan told APP.Wen's visit has opened a new chapter in bilateral ties, she added.China extended full support to Pakistan's sovereignty, security and political integrity besides extending strong support in economic cooperation, Foreign Secretary Salman Bashir was quoted as saying by local newspaper Daily Times.Pakistan and China signed a series of agreements to cement the pragmatic economic and trade cooperation, which will take the bilateral political trust and understanding to a new high, DAWN newspaper reported.Tariq Puri, chief executive of the Trade Development Authority of Pakistan, told DAWN that there was great scope for consolidating trade between the two countries, adding the current business summit would definitely pave the way for its increasing.The visit of Chinese premier to Pakistan will bolster confidence in facing current challenges, international affairs experts told local media.The visit would send a reassuring signal to Pakistan, which is surrounded by a host of problems, challenges and difficulties. Over the decades, China has been a trusted and reliable friend of Pakistan and has been always ready to help it when in need, Riffat Hussain, head of the department of Defense and Strategic Studies of the Quaid-e-Azam University was quoted as saying by APP.Premier Wen left Islamabad for home on Sunday after rounding off the three-day visit to Pakistan.

BEIJING, Jan. 14 (Xinhua) -- China will increase the flexibility of the yuan exchange rate and further push forward the opening-up of its financial markets, a senior central bank official said Friday.China will continue the reform of the yuan exchange rate mechanism and keep the rate basically stable at a reasonable and balanced level, Li Dongrong, assistant governor of the People's Bank of China, said at a forum. The speech was posted on the central bank's website.The Chinese yuan strengthened to a record high against the U.S. dollar Friday, the central parity rate reaching 6.5896, the second straight day it has been set below 6.6 per dollar, according to the China Foreign Exchange Trading System.The currency has risen by more than 3 percent since the country's central bank announced in June 2010 it would further reform the yuan exchange rate formation mechanism to improve its flexibility.Li also said the central bank will work to expand trials of cross-border yuan settlement, to facilitate trade and investment.The central bank will promote the policy of allowing exporters to park their foreign revenue overseas, Li said, adding that it will further develop the foreign reserves market and create tools to hedge exchange rate risk.Li's speech came after the central bank announced Thursday the nation's qualified businesses and banks may settle their overseas direct investment in yuan, a move that expands the Chinese currency's global reach and eases excess domestic liquidity concerns.Li also voiced concern about loose credit globally, saying such policies are adding to capital-inflow and currency-appreciation pressures, leading to asset bubbles in some emerging economies.China still faces many challenges, Li said. "Expectations for inflation are rising. Housing prices are still high in some cities. Pressure from continuous inflows of foreign capital is increasingly evident," he said.The central bank will soundly manage money supply and maintain reasonable growth in credit, he added.

JINAN, Dec. 21 (Xinhua) -- China and the Republic of Korea (ROK)Tuesday launched a joint land and sea transport services in a bid to cut logistics costs and boost trade.Semi-trailers loaded with cargo can now be shipped between Qingdao, Rizhao, Yantai, Weihai, Longyan and Shidao in the eastern Chinese province of Shandong and Incheon, Pyungtack and Kunsan in the ROK.The service can cut transport time by 3.5 hours and reduce costs by 50 U.S. dollars per container, as trailers can be driven directly to customers without unloading and loading, according to the ROK's Transport Research Institute.The service is expected to boost the shipments of fresh vegetables, live fish and other fragile products such as glass and electronics.Gao Hongtao, deputy director of the Shandong Provincial Transportation Bureau, said that with continuous oxygen charging and temperature control, the service can increase by 10 percent the survival rate of live fish exported from Weihai to the ROK.The two countries would later allow trucks to be shipped, according to an agreement they signed in September. The ports might also later include locations such as northeast China's Liaoning Province, according to Ju Chengzhi, director of the international cooperation department with China's Ministry of Transport.This year marks the 20th year since the launching of cargo, passenger and container sea transport services between China and the ROK. China has become the ROK's largest trading partner, both as its largest importer and exporter.