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BEIJING, April 2 (Xinhua) -- China needs to expand the Renminbi, or yuan, cross-border settlement efforts when conditions allow, the People's Bank of China (PBOC) said Friday."It is necessary for China to seek appropriate timing to expand the cross-border yuan settlement to more cities, enterprises and overseas pilot areas," said an international financial market report released on the central bank's website Friday.But the report did not detail the conditions for appropriate timing.The foreign trade volume settled in yuan is still small compared with China's total foreign trade volume, said the report, without specifying figures.Official figures from China's General Administration of Customs showed that the country's exports in 2009 stood at 1.2 trillion U.S. dollars, down 16 percent from 2008.China's State Council, or Cabinet, announced in April 2009 a pilot program to allow exporters and importers in five cities -- Shanghai, Guangzhou, Shenzhen, Zhuhai and Dongguan -- to settle cross-border trade deals in yuan.The latter four cities are all in south China's Guangdong Province.The Bank of China (BOC), China's largest foreign exchange bank, announced on July 6 last year that its Shanghai branch had received the first cross-border yuan trade settlement deal from the BOC (Hong Kong).The government is considering enlarging the scope of cross-border yuan settlement from commodity trade into service trade, said the report.Yuan settlement was in accordance with the market demand, said Cao Honghui, a researcher with the Chinese Academy of Social Sciences, but increasing the yuan's global acceptance would be decided by factors such as the country's economic development and the financial system development.
BEIJING, May 9 (Xinhua) -- Chinese Vice Premier Li Keqiang has called for developed countries to help developing countries promote green economy.Li made the remark in his speech at the International Cooperative Conference on Green Economy and Climate Change on Saturday. The full text of his speech was released Sunday.Li, also member of the Political Bureau Standing Committee of the Communist Party of China Central Committee, said that developed nations should assist the developing world in its green economy endeavor by technology transfer, financial assistance and market liberalization. Chinese Vice Premier Li Keqiang delivers a speech on the opening ceremony of International Cooperative Conference on Green Economy and Climate Change in Beijing, capital of China, May 8, 2010.Green economy offers a new model where people could both protect the climate and develop the economy, said Li.In the speech, Li made three proposals on the development of green economy.
BEIJING, March 31 (Xinhua) -- China's State Council, the cabinet, has said innovation in science and technology will improve the nation's competitiveness in the world stage.Scientific and technological innovation could solve major scientific and technical issues that concerned the country's overall situation and long-term development, said a statement released after a regular meeting of the State Council Wednesday.During the meeting, an official from the Chinese Academy of Sciences (CAS) delivered a report on the implementation of the "Knowledge Innovation Program" (KIP), which aims to make the academy a world-leading base for scientific research.The program was initiated in 1998 and scheduled to finish in 2010.The government would extend the KIP from 2011 to 2020, the meeting was told.The State Council called for deeper reform of research institutes and improved rewards and restrictions to encourage competition among scientists and researchers and to foster talent.The government planned to develop education programs that were closely related to the innovation drive and strengthen international cooperation, said the statement.Premier Wen Jiabao presided over the meeting.
YUSHU, Qinghai, April 16 (Xinhua) -- The death toll had climbed to 1,144 and another 417 remained missing as of 5 p.m. Friday, about two and a half days after a devastating earthquake shook a Tibetan area in northwest China's Qinghai Province.The 7.1-magnitude earthquake, which shook the Yushu County in the Tibetan Autonomous Prefecture of Yushu at 7:49 a.m. Wednesday, has left 11,744 people injured, including 1,192 serious cases, Xia Xueping, spokesman with the emergency rescue headquarters, told a press briefing late Friday.Chinese Premier Wen Jiabao (R) visits a Tibetan woman in Yushu, northwest China's Qinghai Province, April 15, 2010. Wen arrived here on Thursday to inspect the disaster relief work and visit quake-affected local people. Xia said the death toll rose markedly Friday because the expanding rescue forces recovered more bodies from the debris with the help of large rescue equipment.In addition, the missing list climbed as the transient population in the business town were counted for the first time, he said.A total of 1,179 serious cases had been transported by air and road to hospitals in Golmud and the provincial capital Xining in Qinghai and several other capitals in neighboring provinces.Many people are still buried under the debris of collapsed houses in the hardest-hit Gyegu Town near the epicenter, the seat of the Yushu prefecture government and home to 100,000 people. It sits at about 4,000 meters above sea level.More than 85 percent of houses in Gyegu, mostly made of mudbrick and wood, had collapsed.Thousands of rescuers are fighting altitude sickness and chilly weather to race the time to reach the trapped by Saturday morning, the end of internationally accepted "72-hour golden chance" for the trapped to still survive.
BEIJING, April 23 (Xinhua) -- China's anti-graft chief He Guoqiang Friday urged the country's discipline inspection and supervision authorities to enhance their capabilities and to win public trust.He, head of the Communist Party of China (CPC) Central Commission for Discipline Inspection, made the call at a meeting in Beijing.Constant efforts must be made in ideological education, professional training and institution building, said He, also a member of the Standing Committee of the Political Bureau of the CPC Central Committee.The authorities must refrain from abusing their powers for illicit gains and handle legal cases in accordance with discipline and law, and must not leak the information of petitions or whistle-blowers, He said.He also called on the authorities to be more willing to subject themselves to public supervision and to be more approachable, trustworthy and respected.