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BEIJING, Feb. 14 (Xinhuanet) -- The exchange rate against the US dollar is currently at an appropriate level but could fluctuate in the future, Yi Gang, vice-governor of the central bank and head of the State Administration of Foreign Exchange, said on Sunday."In the future, as markets fluctuate and labor productivity changes, the rate will certainly show some fluctuation," he said at a seminar. Last Thursday, the yuan's central parity rate rose to a record high of 6.5849 against the US dollar, after rising for three consecutive trading days, before declining to 6.5952 on Friday.The yuan has appreciated about 3.6 percent against the dollar since mid-June. A report from the US Treasury said earlier that on an inflation-adjusted basis, the appreciation was even higher, at an annual rate of more than 10 percent.US Federal Reserve Chairman Ben Bernanke said last Wednesday that China's recent measures to control inflation by raising interest rates is "surprising" and urged Beijing to let its currency rise in value.Currently the exchange rate is still underestimated by no more than 10 percent, said Lu Mai, secretary-general of the China Development Research Foundation (CDRF).The resilience of exporters to the rising yuan is stronger than previously estimated, which helps to pave the way for more currency reform to liberalize the yuan, he said.In 2007 and 2008, the Chinese currency rose by 7 percent annually against the US dollar, but China's GDP only declined by 0.28 percentage points, with inflation down by 0.42 points and workers' wages up by 0.07 points, according to CDRF research."The figures showed that progressive currency reform since July 2005 was successful, and the government should accelerate the reform and further free the yuan in the next five years to promote healthy, long-term economic development," Lu said.China should keep the proportion of its trade surplus to GDP within 5 percent, and avoid further increasing its huge foreign exchange reserves to allow the currency to settle at a balanced level, he said.China's foreign reserves rose to a record .85 trillion at the end of last year, an 18.7 percent increase year-on-year, according to statistics from the People's Bank of China, the central bank.Yi said he took note of the CDRF findings, but emphasized that further moves depended on both the domestic and international economic situation and appropriate timing.Lu Feng, an economist at Peking University, said now is the right time to deepen currency reform and let the yuan trade at a higher price as inflation is rising.Analysts have predicted that the yuan will appreciate this year as inflation may see the government opt for a rising yuan to lower the cost of purchasing international commodities.Lian Ping, chief economist at the Bank of Communications, predicted the yuan would rise by 5 to 7 percent in 2011.

SAN FRANCISCO, April 28 (Xinhua) -- Cisco Systems Inc., world's largest maker of computer-networking equipment, on Thursday brought up an early retirement offer to its employees in the United States and Canada, in a move to cut costs and restructure the company.The voluntary plan applies to employees who are at least 50 years old and have a combined age and years of service at Cisco for at least 60 as of July 8, the company said in a memo sent to employees."Cisco employs a variety of different methods to control costs and align investment dollars, and offering this voluntary early retirement program to those eligible employees in the U.S. and Canada is part of our ongoing commitment to responsible business management," the company said in a statement.Cisco gave no details on the costs it would save and the number of employees eligible for the plan.Earlier this month, Cisco CEO John Chambers warned that "tough decisions" would be made to preserve profitability as government budget pressure has been costing the company orders and slowing its sales growth.On April 12, Cisco announced to shut down its Flip Video camcorder business to restructure its business and support its key priorities.

BEIJING, May 14 (Xinhua) -- From 24-hour complaint hotlines to instant additive detectors, local governments in China are striving to battle the illegal use of food additives following a string of food scandals.According to a statement released Saturday by the office of the food safety commission under the State Council, China's Cabinet, governments in Beijing, Shanghai, Zhejiang and Guangdong have incorporated the local food safety situation into the evaluation of officials' work, while ordering strengthened and coordinated food safety supervision at city and county levels.Many provinces and autonomous regions are distributing educational information through local media to promote, among the local population, the awareness of food safety and the harm of banned food additives, stressing severe punishment in the hope of intimidating potential violators.Certified food additives are displayed on shelves at a store that sells food additives in Beijing, capital of China, April 22, 2011.Law enforcement departments in Chongqing, Guangdong, Liaoning and Hunan have punished violators involved in a series of food scandals which included "poisonous bean sprouts," "inked vermicelli" and "dyed peppers," according to the statement.The document did not provide details on these cases.Meanwhile, governments are figuring out new measures to stem food violations.For instance, the provincial government of northeastern Jilin has set up round-the-clock hotlines for food safety complaints and recruited 1,300 voluntary food safety supervisors who go deep into communities for clues on potential food scandals.Supervisors in southern Guangxi Zhuang Autonomous Region were equipped with additive detecting devices, which are reportedly able to check 27 kinds of illegal food additives "quickly and correctly," including melamine and clenbuterol, a kind of fat-burning drug used by violators to feed pigs to prevent them from accumulating fat.The municipal government of Beijing stipulates that companies found to have committed food violations in the past would be limited in investing in the municipality, while principals responsible for the wrongdoings will be banned from food manufacturing and distribution businesses.Beijing also requires restaurants to inform customers of all food additives contained in their self-made beverages and food sauces by posting the lists in menus or other public places. The lists should also be reported to supervisory departments.According to the statement, the Ministry of Agriculture has sent five teams to various regions, including Hebei, Jilin and Heilongjiang to inspect local food safety conditions.Vice Premier Li Keqiang warned last month of the great harm caused by illegal additives in food during a high-profile national meeting, promising a "firm attitude, iron-handed measures and more efforts" in dealing with the problem."Once such a case surfaces, it has an extensive social impact and easily causes a ripple effect, so we must attach great importance to it," Li said, adding that severe penalties must be imposed on violators to "let the violators pay dearly" and send a message to others.A high-profile, nationwide fight against the illegal use of additives in food was then launched to intensify supervision, upgrade safety standards and greatly increase penalties for violators.The moves came following a series of scandals including steamed buns dyed with unidentified chemicals, as well as the use of illegal cooking oil, known as "gutter oil."In one of the latest cases, police detained 96 people for producing, selling or using meat additives and confiscated over 400 kg of clenbuterol, widely known in the country as "lean meat powder," in central Henan Province.The action followed a scandal revealed in March when the country's largest meat processor, Shuanghui Group, was forced to issue a public apology for its clenbuterol-tainted pork products.

BEIJING, Feb. 14 (Xinhua) -- A recent circular of China's film and television watchdog to cut smoking scenes in films and TV dramas has received welcome from supporters of tobacco control.Xu Guihua, deputy head of China Association on Tobacco Control (CATC), a non-profit organization, said the order of the State Administration of Radio, Film and Television (SARFT) demonstrates government determination to protect public health rights."Frequent smoking scenes in films and TV dramas do not accord with China's stance on tobacco control and mislead the public, especially the youth," said the SARFT in a recent circular.Tobacco brands or signs and smoking scenes with juveniles present should not be allowed to appear in films or TV dramas, it said, adding that scenes which have to show smoking should "last as short as possible."Hailing the order, Xu said the communication through media including movies and TV is among those factors that can influence people's attitude toward smoking.Deng Haihua, a spokesman with China's Ministry of Health, also said the SARFT's move will help prevent people, especially the young, from being misled by smoking scenes on screens.In a survey report issued in August 2010, the CATC said it found smoking scenes in 31 movies and 28 TV series after monitoring 40 Chinese movies and 30 local TV series.Another survey by Beijing Municipal Center for Disease Control and Prevention also showed students tend to follow the fashion after seeing actors smoke on TV or in films.China has more than 300 million smokers and 540 million more suffering from secondhand smoke.What is especially worrisome is that 11.5 percent of the country's juvenile smoke and the ratio is even increasing, according to experts.

SAN FRANCISCO, April 5 (Xinhua) -- The appeal of tablet computer and electronic-book reader (e-reader) has been giving a boost to semiconductor market as sales of chips for such devices surged in 2010 and keeps growing, market research firm International Data Corp. (IDC) said on Tuesday.A new IDC report showed that worldwide revenues for media tablet and e-reader semiconductors grew by over 2,000 percent to 3. 3 billion U.S. dollars in 2010 as semiconductor suppliers enabled original equipment manufacturers to bring new products to market less than 8 months after Apple Inc. launched its iPad tablet.According to IDC's definition, media tablets are devices with color displays larger than 5-inch and smaller than 14-inch, running lightweight operating systems and able to be based on either x86 or ARM processors."The opportunity for semiconductors in media tablets and e- readers has exploded and semiconductor suppliers are scrambling to bring to market semiconductor and software platforms to enable these products," Michael Palma, a senior research analyst at IDC, said in a statement.Looking forward, IDC said it expects media tablet and e-reader semiconductor revenues to grow by 120 percent year over year in 2011, predicting that the market will be boosted by the arrival of a new version of Google Inc.'s Android operating system, dual core processors and increased bandwidth."For the next several years, we will see rapid innovation cycles for products launched into the marketplace and semiconductor suppliers will continue to satisfy evolving end user requirements over the coming years," Palma noted.

来源：资阳报