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WASHINGTON, Feb. 4 (Xinhua) -- Major trading partners of the United States, including China, did not manipulate their currencies to gain an unfair advantage in international trade in 2010, according to a report released by the U.S Treasury Department on Friday."Based on the resumption of exchange rate flexibility last June and the acceleration of the pace of real bilateral appreciation over the past few months," China's behavior did not qualify under the official definition of manipulation, the Treasury said in its long-delayed semiannual report to the Congress on International Economic and Exchange Rate Policies.With respect to exchange rate policies, ten economies were reviewed in this report, accounting for nearly three-fourths of U. S. trade. Many of the economies have fully flexible exchange rates. A few have more tightly managed exchanges rates, with varying degrees of management."No major trading partners of the United States" met the standards identified by the Congress as currency manipulator, concluded the report.Since the June 19, 2010 announcement by China's central bank of greater exchange rate flexibility, its currency, also known as renminbi (RMB) has appreciated 3.7 percent against the dollar, or about 6 percent annualized. The renminbi has appreciated 26 percent in total against the dollar since 2005.The Treasury said that because inflation in China is significantly higher than it is in the U.S., the RMB has been appreciating more rapidly against the dollar on a real, inflation- adjusted basis, at a rate which if sustained would amount to more than 10 percent per year.The U.S. accuses Beijing of keeping its currency undervalued, flooding the country with cheap exports and costing U.S. jobs. But many economists believe that the appreciation of RMB will help little to the U.S. employment."Treasury today again made the right call on China's currency policy in its latest exchange rate report," John Frisbie, President of the U.S.-China Business Council (USCBC) said in a statement after the U.S. Treasury Department'report."While USCBC believes that China should allow its exchange rate to better reflect market forces, designating China as a ' manipulator' would achieve nothing. USCBC continues to support the Obama administration's approach of combined multilateral and bilateral engagement with China as the most effective way to make progress on the exchange rate issue."

BEIJING, March 14 (Xinhuanet) – "Angry Birds" game developers at Rovio have announced a funding of 42 million U.S. dollars to expand their "mean pigs, cranky birds" empire, according to foreign media report Sunday.The funding, announced Thursday, is the first venture-capital money Rovio has secured. Richard Wong with Accel Partners, who led the firm's investment in Rovio, hailed "Angry Birds" as "an incredible consumer franchise beyond just being a mobile game."With the newly raised funding, "Angry Birds" developers have made a strategic plan to achieve the brand growth of "Angry Birds."According to developer Peter "Mighty Eagle" Vesterbacka, Rovio is going to expand the franchise of "Angry Birds" in a lot of directions such as movie, broadcast and TV."We are working on a game that will involve Facebook ... really the plan is to make "Angry Birds" playable everywhere," said Vesterbacka. Besides its efforts in digital realm, Rivio is also exploring the potential toy market. Ravio has already sold over two million "Angry Birds" plush toys, which have broken into the mainstream retail channels. Recently Ravio has also branched out into selling "Angry Bird" apparel."Angry Birds", hatched in 2009, has dominated Apple's list of top-selling iPhone apps since it took flight last year. It is now available on many other platforms -- iPad, Android, iTouch, and almost every other smartphone out there.The game became world-polupar as it is easy to pick up and very addictive. Rovio, a mobile game development studio founded in Finland in 2003, enjoys the reputation as one of the most innovative game shops in Europe.

WASHINGTON, Jan. 20 (Xinhua) -- Visiting Chinese President Hu Jintao on Thursday called upon the U.S. Congress to continue helping the two countries boost their relations.Pursuing a healthy and steady development of China-U.S. ties is China's established policy and strategic choice, Hu stressed in talks here with Speaker John Boehner of the House and Majority leader Harry Reid of the Senate.It has also been the consensus of the U.S. administrations, whether Republican or Democratic, since the two countries established formal diplomatic relations 32 years ago, he added.Chinese President Hu Jintao (2nd L front) meets with U.S. Senate Majority Leader Harry Reid (2nd R front) on Capitol Hill in Washington, the United States, Jan. 20, 2011Thanks to the two nations' concerted efforts, the China-U.S. relationship has been moving forward steadily, Hu said, citing the two countries' increasing cooperation and coordination on trade, terrorism, climate change, Korean Peninsula denuclearization and other bilateral, regional and global issues.A sound relationship between Beijing and Washington not only serves the fundamental interests of both peoples, but greatly contributes to the peace, stability and prosperity of the Asia-Pacific region and beyond, the Chinese president said.With China and the United States differing in culture, social system and development level, it is normal for the two sides to have differences on some issues, he said.But what matters most is the common interests of the two countries, he stressed, saying that Beijing's position is that the two sides should seek common ground while reserving differences, so as to learn from each other and pursue common prosperity on the basis of mutual respect and equality.

BRASILIA, March 15 (Xinhua) -- A nationwide program aimed at providing internet access to 80 percent of the country's population by 2014 is forging ahead in Brazil, Communications Minister Paulo Bernardo said on Tuesday.The National Broadband Plan (PNBL), with participation of 13 ministries, is coordinated by Bernardo, who explained details about the project on Tuesday along with Joao Santana, president of Telebras, the state-owned enterprise responsible for managing the project.The authorities have criticized companies that offer internet service for failing to spread internet use in Brazil, offering an expensive service with prices amounting to about 50 U.S. dollars monthly, inaccessible to low-income families."We ended 2010 with 34 percent of Brazilian households with Internet access, and service is also very poor. Almost half of connections are of 256 mbps. We are out-of-date, with the aggravating circumstance that the connections are very expensive," Bernardo said.To speed up the process, the government started negotiating with concessionaire phone companies to improve the service quality and lower the price to about 30 reais (18 dollars), which would allow 80 percent of the population to access internet."During (former president) Lula da Silva's government, we developed a program to interconnect all schools with internet access, but we also want the private sector to do its share," he said.

ADDIS ABABA, Jan. 28 (Xinhua) -- The on-going political crisis in Cote d’Ivoire should be and can be solved peacefully, Chinese Envoy and Assistant Foreign Minister Liu Zhenmin told Xinhua here on Friday, ahead of the 16th African Union (AU) summit scheduled for Jan. 30-31.Liu was in the Ethiopian capital Addis Ababa, the headquarters of the 53-member African bloc, to attend the summit as special envoy of the Chinese government.Cote d'Ivoire has been trapped in a political impasse since the landmark presidential run-off held on Nov. 28. Both incumbent Laurent Gbagbo and opposition leader Alassane Ouattara claimed victory and swore themselves in as president, and formed their respective government.Gbagbo was backed by the country's Constitutional Council, while Ouattara has the support of the electoral commission and the international community including the United Nations (UN), the AU, the Economic Community of West African States (ECOWAS), the United States and France.China hopes various parties and stakeholders in Cote d’Ivoire can resolve their disputes through dialogues and consultations based on the interest of the country and its people, and maintain peace and stability, Liu said.A peaceful solution to the crisis is not only in the interests of the Ivorian people, but of the West African region as a whole, according to Liu.China appreciates the efforts made by the AU and ECOWAS to find a peaceful solution to the crisis, and will continue supporting Africa’s efforts to resolve the crisis peacefully, Liu said.According to the UN, more than 200 people have died from violence during the power struggle between Gbagbo and Ouattara.The 16th AU summit, to be held under the theme “Towards Great Unity and Integration Through Shared Values,” will gather heads of states and government from member states to discuss issues including Africa’s integration, and peace and security in the continent. The situation in Cote d’Ivoire, among others, is expected to top the agenda of the summit.