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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, June 27 (Xinhua) -- Chinese Vice President Xi Jinping said Sunday that China encouraged women employed in science and technology to contribute more to the country's modernization, social progress and the rejuvenation of the Chinese people.Xi made the remarks in his address at the opening ceremony of the 4th General Assembly and International Conference of the Third World Organization for Women in Science (TWOWS), which opened in Beijing on Sunday.Established in 1989, the TWOWS is the first international forum bringing together women scientists from the South with the objective of strengthening their role in the development process and promoting their representation in scientific and technological leadership.In implementing the programs for mid- and long-term scientific and technological development, as well as human resource development, China would work to build a large, high-quality force of women working in science and technology, Xi said.As the world's largest developing country, China maintains to its basic state policy of promoting gender equality and attaches importance to creating more opportunities for the fostering and career development of Chinese women in science, he said,"Two-fifths of China's 35 million scientific and technologic personnel,and one-third of those personnel in senior professional ranks, are women," Xi noted.

ISTANBUL, Turkey, June 8 (Xinhua) -- Chinese President Hu Jintao's special representative and State Councilor Dai Bingguo and Turkish President Abdullah Gul on Tuesday vowed to boost bilateral ties and increase exchanges of visits by leaders and senior officials.Dai met with Gul on the sidelines of the third summit of the Conference on Interaction and Confidence-building Measures in Asia (CICA) here. Turkey held the rotating presidency of the 20-member forum.Dai said Israel's recent raid on a Turkish humanitarian aid convoy heading to beseiged Gaza, which had resulted in deaths, should be condemned, and he also offered condolences to those affected.Turkish President Abdullah Gul (R) talks with China's State Councillor Dai Bingguo (L) who is also a special representative of Chinese President Hu Jintao during a meeting in Istanbul, Turkey, June 8, 2010. China was glad to see Turkey enjoying rapid development and increasing international influence, Dai said, noting the positive and strong development of relations between the two countries in recent years.China attached great importance to the relations with Turkey and had been trying to handle them with a strategic and long-term approach. China was willing to work with Turkey for more visits by leaders and senior officials, more political trust and closer cooperation, he said.Gul said he was pleased to see efforts to implement the consensus reached between him and President Hu on boosting relations between China and Turkey.He noted the strong and rapid development of the bilateral friendship and cooperation, including the quick growth of Turkish exports to China.The president said Turkey attached great importance to developing relations with China, and hoped to strengthen coordination with it in international affairs.Turkey looked forward to increasing exchanges of visits by leaders and senior officials and boosting bilateral cooperation, he said.

BEIJING, July 22 (Xinhua) -- China and Japan will on July 27 hold the first round of negotiation on the implementation of the principles of consensus concerning the East China Sea issue.The decision came after a meeting between Chinese Foreign Minister Yang Jiechi and his Japanese counterpart, Okada Katsuya, on the sidelines of the ASEAN Ministerial Meeting in Hanoi, according to Foreign Ministry press release Thursday.The decision was reached after consultations between the two nations' relevant departments, foreign ministry spokesman Qin Gang said in the release.According to Qin, the two countries' foreign ministers expressed their satisfaction about the state of China-Japan relations in their meeting.

URUMQI, July 30 (Xinhua) -- Rescuers were racing to evacuate more than 800 people still trapped by rain-triggered mountain torrents in a remote valley in China's far west Xinjiang Uygur Autonomous Region late Friday afternoon.Rescuers managed to reach the site in Kuqa County, of Aksu Prefecture, at 1:26 a.m. Friday, about 24 hours after rains and floods stranded more than 1,000 residents, construction workers and tourists in the mountainous area.As of 5 p.m. Friday, more than 170 trapped people, including 120 tourists and some 50 railway construction workers, had been taken to safe places. No casualties had been reported, said a spokesman with the prefecture's committee of the Communist Party of China.The locals dam up at a village of Alaer city in the upper reaches of the Tarim River, northwest China's Xinjiang Uygur Autonomous Region, July 30, 2010. The Tarim River was hit by the largest flood in eight years on Friday.Some 100 more rescuers, carrying drinking water, drugs and food, had been sent to the site. The regional government had dispatched helicopters to drop food and bottled water to the trapped people, said the spokesman.Floods have inundated many roads, as well as damaged three bridges and 12 buildings in the county. More than 13,000 youths from the county were ready to strengthen the dikes to combat flood waters, he said.

来源：资阳报