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BEIJING, Oct. 8 (Xinhua) -- The central parity rate of the yuan, China's currency Renminbi (RMB), jumped 181 basis points, or 0.27 percent, Friday to a new record high at 6.6830 per U.S. dollar, according to the data released by the China Foreign Exchange Trading System.Friday's central parity rate beat the previous record of 6.6936 on Sept. 29.The yuan has picked up its strength against the U.S. dollars and seen increased volatility in the trading days since the People's Bank of China (PBOC), the central bank, announced on June 19 this year to increase exchange rate flexibility.Based on Friday's central parity, the Chinese currency has strengthened against the U.S. dollar by 2.12 percent from the rate of 6.8275 per U.S. dollar that was set a day before the PBOC's pledge to increase flexibility.On China's foreign exchange spot market, the yuan can rise or fall 0.5 percent from the central parity rate during trading each day.The PBOC released the yuan's central parity rates against a basket of currencies -- the U.S. dollar, the euro, the Japanese yen, the Hong Kong dollar, the British pound and the Malaysian Ringgit.The yuan's parity rate against the euro was set by the central bank at 9.2951 Friday, higher from 9.1329 on Sept. 30, the last trading day.The yuan's rate against 100 yen was 8.1040 Friday, compared with 7.9999 on Sept. 30.The Chinese currency fell 61 basis points against the British pound with the central parity rate being set at 10.6079 from 10.6018 on the previous trading day.The central parity of RMB against the U.S. dollar is based on a weighted average of enquired prices from all market makers before the opening of the market in each business day.The central parity of RMB against the other five currencies is based on the central rate of RMB against the U.S. dollar of the same business day as well as the exchange rates of the five currencies against the U.S. dollar at 9 a.m. (0100 GMT) of the same business day in the international foreign exchange market.

BEIJING, Sept. 29 (Xinhua) -- China and Cuba Wednesday held a banquet to celebrate the 50th anniversary of the establishment of diplomatic ties.Zhou Yongkang, a member of China's top leadership, and visiting Vice President of the Council of Ministers of Cuba Ricardo Cabrisas Ruiz addressed the banquet.Zhou, a Standing Committee member of the Political Bureau of the Communist Party of China (CPC) Central Committee, said China-Cuba relations have endured the changes of the international situation for 50 years.The two countries have also deepened exchange and cooperation in politics, economics and culture."We see from history that it is the common hope of both parties,countries and peoples to maintain a friendly relationship. It is also in the interests of both sides," Zhou said.He said China values its traditional friendship with Cuba.He also said China admires Cuba for its insistence on its sovereignty and its adherence to socialism."China will firmly support Cuba to find a way to development in accordance with its national situation. China will provide assistance to Cuba to help its social and economic development," Zhou said.The senior CPC official also thanked Cuba for its firm support on issues concerning China's sovereignty, security and dignity, saying the CPC, the Chinese government and the Chinese people will never forget Cuba's support."Facts prove that China and Cuba are good friends, comrades and brothers," Zhou said.He also urged more friendly exchange between the two countries to further enhance people-to-people exchange and promote the development of China-Cuba relations.Hailing the establishment of China-Cuba ties as the start of China's friendship with Latin American countries, Cabrisas said the China-Cuba relations will achieve further development with efforts from both sides.In 1960, Cuba was the first Latin American nation to forge diplomatic relations with China.

AMMAN, Oct. 12 (Xinhua) -- Chinese Middle East envoy Wu Sike on Tuesday discussed regional peace with Jordanian Foreign Minister Nasser Judeh in Amman, stressing the importance of collective efforts of all concerned parties.Wu said China is concerned about the direct Palestinian-Israeli talks which are suspended now, adding China hopes that all parties could proceed from long-term interests and work together to help direct talks to resume and to achieve positive results as soon as possible.He also urged Israel to respond actively to the settlement issue to create the atmosphere for the resumption of direct talks.Judeh highlighted Beijing's role in the Middle East peace process and expressed Jordan's willingness to strengthen cooperation between the two countries to save the peace process.Jordan is the first stop of Wu's Middle East trip, which also includes the Palestinian territories, Israel, Turkey and Egypt.

BEIJING, Aug. 28 (Xinhua) -- China's restrictions on rare earth industry will assist in protecting the environment, Chinese Commerce Minister Chen Deming said here Saturday."Mass-extraction of rare earth will cause great damage to the environment, that's why China has tightened controls over rare earth production, exploration and trade, " Chen told media during the third China-Japan high-level economic dialogue.He said what China had done was also consistent with the rules of the World Trade Organization.China is the largest producer of rare earth elements, which are used in hybrid car motors, computer hardware and components for high-tech products.Chen said the restriction policy would also have an adverse impact on the Chinese market, where parts for Japanese products were assembled.He stressed that in order to protect the country's environment, China had no choice but to take such measures.During the dialogue, Chen also called on Japan to ease high technology export controls to China and simplify visa procedures for Chinese business people.Japan had expressed concerns over China's export of mineral resources, independent innovation systems and information security policies during the meetings.Chen said, through the dialogue, that the two sides had enhanced communications and increased mutual understanding over these issues.

ROME, Oct. 7 (Xinhua) -- Chinese Premier Wen Jiabao, who is on a four-nation tour in Europe and Asia, held talks with Italian Prime Minister Silvio Berlusconi in Rome on Thursday.The two leaders exchanged views on bilateral relations and relations between China and Europe.Wen arrived here Wednesday night after a three-day visit to Belgium. He had visited Greece and is to visit Turkey.

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