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BEIJING, Dec. 31 (Xinhua) -- On the last trading day of 2010, the Chinese currency, the yuan, strengthened to a record high for a second consecutive day, at 6.6227 per U.S. dollar, after 11 consecutive days of gains.The central parity rate of the currency, also known as the renminbi (RMB), was set two basis points stronger than Thursday's 6.6229, according to the China Foreign Exchange Trading system.China's central bank announced on June 19 it would further reform the formation mechanism of the yuan exchange rate to improve its flexibility.
ZHENGZHOU, Dec. 1 (Xinhua) -- A Chinese court Wednesday upheld the death sentences with two year reprieves given to two mine bosses found responsible for a gas explosion that killed 76 people at a central China coal mine last year.The sentences were the first time mine bosses in China held responsible for a fatal accident were given the death penalty.The provincial high court in Henan Province rejected the appeals of Li Xinjun, former head of the No. 4 coal mine in the Xinhua District of Pingdingshan City, and Han Erjun, former deputy head of the mine.The court also rejected appeals filed by three other managers of the mine who were sentenced to 13 years, 15 years and life imprisonment respectively.The Intermediate Court of Pingdingshan City sentenced the five mine bosses on November 16 for neglecting safety procedures and forcing miners to work underground despite knowing the mine lacked adequate safety measures.The blast ripped through the No. 4 mine in Pingdingshan City on September 8, 2009, as 93 miners worked underground, killing 76 and injuring 15 others.The mine was under technological renovation at the time of the blast and did not have a safe production license, the court has found.China's coal mines are notorious for deadly accidents. More than 2,600 miners were killed in mine accidents in China last year, a number significantly less than in previous years.
BANGKOK, Nov. 10 (Xinhua) -- Visiting Chinese top legislator Wu Bangguo announced here Wednesday that China will provide 10- million-yuan in cash aid to flood-hit Thailand. "China decided to offer Thailand a humanitarian emergency aid worth 10 million yuan and stood ready to provide other help,"Wu said in a meeting with Thai Prime Minister Abhisit Vejjajiva.At least 181 people in Thailand were killed in nationwide floods that hace stricken the country since Oct. 10. "We are convinced that Thai people, under the leadership of Thai government, would definitely overcome disasters," said Wu, chairman of the Standing Committee of the National People's Congress, the country's top legislature.Abhisit thanked the Chinese government and people for offering generous support to disaster-devastated Thailand.Wu Bangguo (L), chairman of the Standing Committee of the National People's Congress of China, the country's top legislature, meets with Thai Prime Minister Abhisit Vejjajiva in Bangkok, capital of Thailand, Nov. 10, 2010.Wu arrived in Bangkok Wednesday afternoon for an official visit to Thailand as the guest of the President of the National Assembly of Thailand Chai Chidchob. "My visit here is aimed at seeking bolstering friendly China- Thailand relations to a new high," Wu told Abhisit.Wu appreciated Thai royal family, government and parliament's adherence to the one-China policy and their support for China on issues concerning Taiwan, Tibet and Xinjiang Uygur autonomous region.To consolidate bilateral ties, Wu proposed the two countries maintain high-ranking officials' exchanges of visits and deepen political trust.On a free trade agreement between China and the Association of Southeast Asian Nations (ASEAN) took effect at the start of this year, Wu said the two countries should make best of the free trade area and expand cooperation in traditional fields of trade, agriculture and tourism."Priority should be given to cooperation in infrastructure, new energy, high-technology, particularly in investment, big projects and businesses," Wu said.
BEIJING, Dec. 10 (Xinhua) -- China Friday protested two Japanese local assembly members' landing on an isle of the Diaoyu Islands, saying the move seriously infringed China's territorial sovereignty."The Diaoyu Islands and its adjacent islets have been an integral part of the Chinese territory since ancient times," Foreign Ministry spokeswoman Jiang Yu reiterated Friday night.According to reports, two members of the municipal assembly of Ishigaki, Okinawa Prefecture, landed on an islet of the Diaoyu Islands and stayed there for a while Friday morning.Jiang said China has lodged a solemn representation and voiced strong opposition to the Japanese side.