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BEIJING, June 21 (Xinhua) -- China's announcement that it would allow more flexibility in its yuan exchange rate meant an end to the crisis-mode policy the government took to cushion the blow from the global financial crisis, experts interviewed by Xinhua said Monday.The People's Bank of China, also known as the central bank, said Saturday that it decided to proceed even further with the reform of the Renminbi exchange rate to add flexibility to the RMB exchange rate.The decision was made in view of the recent economic situation and financial market developments at home and abroad, as well as due to the balance of payments situation in China, the central bank said. However, it ruled out a one-off revaluation of the yuan as there was no basis for large changes in its value.Experts noted it was the correct time for the exchange rate policy to return to its normal state, given the consolidated economic recovery, large decline in trade surplus and more balanced international payments.Zhao Xijun, deputy dean of the School of Finance with the Renmin University of China, said the normalization of China's exchange rate policy would intensify China's economic connection to the global economy and help promote the country's economic restructuring and adjustments of its development mode.China moved to a managed floating exchange rate regime in July 2005 which was based on market supply and demand and referencing a basket of currencies. The reform of the RMB exchange rate has made continuous progress since then, producing the anticipated results and playing a positive role.The financial crisis which broke out in the United States in 2008 shook the global financial markets and dented investment confidence. To counter fallout from the economic turmoil, nations rolled out their crisis-mode measures.Zhou Xiaochuan, governor of the central bank, said in March that the exchange rate policy China took amid the crisis was part of the government's stimulus packages, and would exit "sooner or later" along with other crisis-measures.China's economy expanded at 11.9 percent year on year in the first quarter of this year and exports surged 48.5 percent in May, government data showed.Zhao said China narrowed fluctuation of the RMB exchange rate to stabilize market sentiment and stimulate economic growth amid crisis, which was in the interests of China and contributed to the country's economic recovery.During the worst of the global crisis, exchange rates of a number of sovereign currencies to the U.S. dollar depreciated by large margins while the yuan kept stable. Against these depreciating currencies, the value of the yuan has been rising."Undoubtedly, it improved the trade environment for these countries and helped them through hard times," Zhao said, noting the policy contributed significantly to the Asian and global recovery."Narrowing the fluctuation of the yuan's value was the best exchange rate policy China could take during the crisis period, which gave export businesses a stable expectation of the yuan's value and reduced costs caused by a volatile currency," said Xiang Songzuo, Deputy Director of the Center for International Monetary Research at Renmin University of China.The central bank's move also intended to increase competitiveness of export businesses and accelerate economic restructuring.Zhao said when the RMB exchange rate regime becomes more market-oriented, China's export businesses should take more responsibilities and become more self-reliant.The central bank said Sunday that the management and adjustment of the yuan exchange rate would occur gradually, which was necessary to give export businesses time to adjust their business structures and create more jobs in the service sector.Cao Honghui, senior researcher with the Institute of Finance and Banking under the Chinese Academy of Social Sciences, said the further proceeding meant China would rely more on domestic demands for economic growth, which would push forward adjustments of the global economic structure.The central parity of the Renminbi against the U.S. dollar remained at 6.8275 Monday, unchanged from the previous trading day, according to the China foreign Exchange Trading System.

BEIJING, July 9 (Xinhua) -- China here on Friday urged the involved parties to "flip over the page" of the Cheonan warship sinking incident and restart the six-party talks on the nuclear issue of the Korean Peninsula as soon as possible.Foreign Ministry spokesman Qin Gang made the comment after the United Nations (UN) Security Council released a presidential statement on the incident Friday night.Qin said the Security Council statement has noticed both the findings of the joint investigation submitted by the Republic of Korea (ROK) and the Democratic People's Republic of Korea (DPRK)'s declaration that it had nothing to do with the incident. X The statement has also encouraged the settlement of the outstanding issues on the Korean Peninsula by peaceful means and the resumption of direct dialogues and negotiations between the DPRK and the ROK, Qin said."We hope the involved parties continue to maintain calm and restraint, and take this opportunity to flip over the page of the Cheonan incident as soon as possible. We call for an early resumption of the six-party talks and joint efforts to maintain peace and stability on the Korean Peninsula," Qin said.On March 26, ROK Navy frigate Cheonan, with 104 crew members aboard, went down off the ROK island of Baekryeong due to an explosion. Forty-six sailors were killed.Seoul said after completing an investigation that the warship was torpedoed by the DPRK, but Pyongyang has denied its involvement in the incident.The ROK on June 4 formally referred the case to the UN Security Council.

GUANGZHOU, July 9 (Xinhua) -- Two nuclear power stations under construction have not been affected by a mild earthquake that struck south China's Guangdong Province Friday, company officials said.According to the provincial earthquake monitoring network, an earthquake measuring 3.1 on the Richter Scale Friday hit the junction of Taishan City and Yangjiang City where the two nuclear power stations are located."The nuclear power stations being built were not at all affected as the facilities were designed to withstand at least 8-magnitude earthquakes," said a spokesman of China Guangdong Nuclear Power Holding Corporation (CGNPC).He said the sites of these two power stations were carefully chosen and approved by the China Earthquake Administration. Records show that the strongest earthquake that shook the sites did not exceed 6.0 in magnitude.The construction of the Yangjiang Nuclear Power Station -- with a full installed capacity of 6 million kilowatts -- started in December 2008 and is planned to be put into commercial operation in 2013. The construction of the Taishan Nuclear Power Station -- with an initial installed capacity of 3.5 million kilowatts -- started in 2009 and is expected to be completed around 2014, the CGNPC said.

HARARE, July 7 (Xinhua) --The eighth session of the Zimbabwe/ China joint permanent commission ended in Harare on Wednesday with a pledge by the two countries to widen and deepen economic cooperation.The two countries discussed ways of enhancing various cooperation projects already being implemented and new ones in the energy, agriculture, manufacturing, transport, tourism and water sectors.An agreement was also signed for China to provide 1.5 million U. S. dollars to the China-Zimbabwe Friendship Hospital in Mahusekwa, Mashonaland East Province, for medical equipment and drugs.The hospital is part of the several projects that include two primary schools and an agricultural demonstration center that China is constructing in Zimbabwe as part of the eight measures agreed to at the Forum on China-Africa Cooperation (FOCAC) Summit in 2006 in Beijing.Other support from China includes a 200 million U.S. dollars buyer's credit facility extended by the China Exim Bank for procurement of agricultural inputs to boost food production in Zimbabwe.Zimbabwean foreign minister Simbarashe Mumbengegwi praised China for setting a shining example to other world donors by honoring pledges it made to assist Zimbabwe under the Forum for China-Africa Cooperation.Mumbengegwi noted that under the eight measures enunciated by Chinese President Hu Jintao at the FOCAC heads of state summit in Beijing in 2006, projects earmarked for Zimbabwe are now at various stages of completion.The Chinese government has also dispatched 10 agricultural experts and 23 volunteers to buttress the cooperation."By successfully implementing these measures, China has set a shining example for other donors and international cooperating partners who do not always honor their commitments," Mumbengegwi said at the opening of the eight session.He said Zimbabwe is also willing to learn and benefit from China's experience and expertise in the economic sphere, which has transformed the country into a global economic powerhouse."Zimbabwe will, therefore, welcome Chinese investment and is ready to discuss during the joint commission specific projects in the energy, agriculture, manufacturing, transport, tourism and water sectors," he said.Mumbengegwi thanked China Exim Bank for extending the 200 million U.S. dollars buyer's credit loan repayment period from five to eight years, saying this would give Zimbabwe the breathing space to turn around its economy and enhance capacity to repay loans extended by China."The payment of the arrears and extension of the repayment period on the 200 million U.S. dollars buyer's credit loan have paved the way for increased cooperation between Zimbabwe and China, " he said.While hailing China as a good example of a reliable and dependent donor partner, Mumbengegwi said he hoped the Asian country will similarly implement new eight measures announced by Premier Wen Jiabao at the fourth ministerial conference of FOCAC held in Egypt last year.He said the projects that have been identified for implementation in Zimbabwe are in critical sectors of energy, water, health, education, agriculture and social infrastructure.

BEIJING, June 15 (Xinhua) -- Two Chinese chartered planes carrying 195 Chinese nationals who were evacuated from Kyrgyzstan arrived at an airport in Urumqi, capital of northwest China's Xinjiang Uygur Autonomous Region early Tuesday, the Foreign Ministry said.The Chinese government dispatched the two Boeing 737-700 passenger planes late Monday to bring back Chinese nationals living in southern Kyrgyzstan, where ethnic clashes has left more than 120 dead.The first plane landed at 4:25 a.m. (Beijing Time) and the second, 5:20 a.m.(Beijing Time), according to Chinese diplomats waiting at the airport.The government dispatched two working groups to Kyrgyzstan and Urumqi on Monday for the evacuation task.A chartered plane of China Southern Airlines gets ready to take off at the airport in Urumqi, northwest of China's Xinjiang Uygur Autonomous Region, on June 14, 2010. China on Monday dispatched two chartered planes to bring home Chinese nationals in Kyrgyzstan, where ethnic clashes in the south have left at least 124 people dead and some 1,400 others injured.About 600 of the more than 1,000 Chinese living in south Kyrgyzstan have asked for early evacuation from the region, the ministry said.Diplomatic sources said another two chartered planes will bring back the rest of the Chinese nationals on Tuesday.It will be the largest evacuation task since April 2006, when Chinese chartered planes brought home some 400 nationals from riot-hit Solomon Islands.