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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 9 (Xinhua) -- Donations for quake relief in Yushu,northwest China had hit 7.529 billion yuan (1.1 billion U.S. dollars) in cash and material, according to the Ministry of Civil Affairs Wednesday.The donations included nearly 6.8 billion yuan in cash and materials worth 730 million yuan, said a statement from the ministry.The 7.1-magnitude earthquake that hit Qinghai Province's Yushu prefecture on April 14 had left 2,698 dead, with 270 people still missing, said Zhang Guangrong, vice governor of Qinghai, on May 31.

BEIJING, Aug. 1 (Xinhua) -- Police authorities in Beijing launched a microblog, blogs and a podcast on Sunday in the latest move in its public relations campaign.This came about half a month after police in the Chinese capital set up a public relations office to enhance transparency and interaction with residents.The Beijing Municipal Public Security Bureau officially launched its new media services at the news portals sina.com, sohu.com and 163.com and video-sharing site ku6.com after a three-day trial.The services, branded as "Safe Beijing", offer a new communication channel between police and the general public. Microblogs, for example, have become a quick and popular source of news and information for increasingly more Chinese citizens.Fu Zhenghua, head of the bureau, said last month that law enforcement activities could easily be hot topics in the media and among the public in this highly open and transparent Internet era."With the aid of modern technology, we hope to communicate with residents and vulnerable groups with frankness and sincerity, as well as promote social justice," said Fu.In the first microblog post, the bureau pledged to offer the latest police affairs news, anti-fraud tips and stories of model community police.The bureau has posted dozens of practical anti-fraud and anti-theft tips and police affairs news, including training programs for special police and stories about model police officers serving their first day on the police force.More than 17,600 people logged onto the microblog service on Sunday and some posts received hundreds of comments.Most welcomed the services, saying it can bridge the gap between police and average citizens and change the traditionally mysterious and superior image of police officers."This is really a good thing. Let's applaud the social progress and gradual government openness," said netizen Tongtianniu."Welcome! It is badly needed to face directly to public opinion now," said netizen Lijiazhufu.Some netizens, however, blasted the services as "too official", calling on police authorities to use simpler words and sentences in the microblog posts.Liu Dawei, head of the bureau's new public relations office, said the staff in her office would accept netizens' opinions and suggestions in a sincere and open-minded way."We will strive to build a bridge of interaction and equal communication," Liu said."The microblog can be used as a good way to solicit public opinion. For a public security department, I believe it can help solve criminal cases by widely obtaining clues from the public," said Huang Qiliang, a translator with a global non-profit organization.In the past, police authorities have been criticized for their being passive or not responding to some cases, even after details had previously been published in widely read media reports.Wang Dawei, a professor at the Chinese People's Public Security University, said with the new services the police have made a positive shift from passive actions to taking the initiative.In addition, the general public can offer clues for criminal cases, as they are the main force in curbing crimes, Wang said.

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.

SHIJIAZHUANG, June 27 (Xinhua) -- Chinese Vice Premier Li Keqiang has urged more efforts be made to push forward the nation's drive to restructure the economy and coordinate urban and rural development.Li made the remarks during an inspection tour of North China's Hebei Province on Thursday and Friday.He urged more efforts be undertaken to increase the competitiveness of the nation's businesses and provide stronger internal impetus to develop the economy through expanding both domestic and overseas demands and promoting technological, managerial, systemic and institutional innovations to raise the quality and efficiency of China's economic growth.Li also called for more efforts to move forward the urbanization drive in such a way that industry could promote agriculture while urban areas help rural regions, as the great potentials for market demand could be unleashed to provide strong support for stable, fast and long-term economic development.He also stressed the role of scientific planning, optimized distribution of resources, improved public services and living environment, and efficient land use in boosting rural development.Stabilizing grain and agricultural production was of particular importance to maintaining stable macro-economic development, Li said, urging more efforts be made to strengthen the foundation of the country's agricultural sector