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PARIS, June 22 (Xinhua) -- The Paris-based Organization of Economic Cooperation and Development (OECD) on Tuesday welcomed China's announcement of increasing the exchange rate flexibility of its currency yuan.The move was helpful not only to China's sustainable growth but also the world economy, OECD Secretary-General Angel Gurria said."A combination of sustained fiscal expansion, continued structural reform and exchange rate flexibility, should provide a strong contribution from China to the achievement of a strong, sustained, and balanced growth of the world economy," Gurria said in a statement.Richard Herd, an economist heading the OECD's China and Asia Unit, said it was impossible to achieve yuan appreciation over one night."The policy is not a political gesture; the policy is a sound economics-based effort," Herd said in an interview with Xinhua, rebutting reports interpreting the statement as just lip service.China's central bank announced over the weekend it would push forward reform of the yuan exchange rate and ruled out a one-off revaluation.
MOSCOW, July 6 (Xinhua) -- Chairman of Russian Federation Council Sergei Mironov on Tuesday held talks with visiting Vice Chairman of the Standing Committee of the National People's Congress (NPC) Hua Jianmin, pledging to keep on injecting new momentum into the deepening of bilateral relations of the two countries.Hua, who is also the chairman of Sino-Russian Friendship, Peace and Development Council, told Mironov that the frequent exchanges between the two nations' senior officials, as well as the deepening mutual political trust, have pushed the relationship between Russia and China to its best historical stage. Chairman of Russian Federation Council Sergei Mironov (R) meets with visiting Vice Chairman of the Standing Committee of China's National People's Congress (NPC) Hua Jianmin, who is also the chairman of Sino-Russian Friendship, Peace and Development Council, in Moscow, capital of Russia, July 6, 2010.He said the strategic partnership of cooperation between the two countries have been demonstrated in all kinds of collaboration, and the continuous boosting of the strategic partnership of cooperation was in accordance with the fundamental interests of the two countries.Hua believed that Mironov's visit to China, in the coming September when he would hold talks with Wu Bangguo, the Chairman of NPC Standing Committee, will add a new chapter to Sino-Russian cooperation.

BEIJING, Aug. 12 (Xinhua) -- China's Ministry of Health said Thursday the spread of disease is a major public health concern in mudslide-hit Zhouqu County in northwest China, after local health facilities and water resources were damaged in the disaster."Only a small part of the township area was left after the mudslides. A large number of rescue and relief workers and survivors are now living there, increasing the risk of intestinal and respiratory infectious diseases," an unnamed official from the ministry said Thursday.The official said corpses and dead animals buried under the mud may easily decay under the high temperatures, worsening the epidemic-prevention situation.Although wells have been dug up to ensure water supply, the ministry said sterilization work is arduous as the water may be contaminated during transportation and preservation.Vaccines and their refrigeration facilities, along with the networks that report infectious diseases, were destroyed in the mudslides, according to the ministry.However, with the arrival of new refrigerators and various vaccines, the first vaccination center in the county since the disaster has been set up.As of 4:30 p.m. Thursday, the death toll from the mudslides had risen to 1,144 with 600 still missing.Furthermore, the Ministry of Environmental Protection has sent more than 20 experts to Zhouqu in a bid to prevent environmental disasters.The water quality of the Bailong River remains normal, according to the ministry.
AUCKLAND, June 17 (Xinhua) -- Chinese Vice President Xi Jinping arrived at Auckland on Thursday morning, starting his official visit to New Zealand.Xi made the tour as a guest of New Zealand Prime Minister John Key.In a written speech distributed at the airport upon his arrival, Xi said currently the relationship between China and New Zealand is at its best time.He said the two sides see frequent exchange of high-level visits, marked achievements have been scored in bilateral trade and economic cooperation, and cultural exchange has been deepened, which has brought substantial benefits to both countries and both peoples, and also contributed to the peace, stability and prosperity of the Asia-Pacific region at large.The Chinese government has always attached importance to its relations with New Zealand, Xi said.The Chinese vice president said he was looking forward to meeting with leaders and people from all walks of New Zealand, aiming at discussing new approaches to enhancing bilateral friendship and exploring new cooperation.He said that he believes his visit would increase mutual trust, deepen friendship and expand cooperation, thus advancing the comprehensive bilateral cooperative relationship to a new starting point.During his stay in New Zealand, Xi is expected to hold talks with John Key and meet with Governor-General Anand Satyanand and other leaders. The New Zealand is the third leg of Xi's four-nation visits. His last leg is Australia.
BEIJING, July 2 (Xinhua) -- The central parity of the Renminbi (RMB), or China's currency yuan, strengthened to 6.7720 per U.S. dollar on Friday, a new record high, according to the data released by the China Foreign Exchange Trading System.China's central bank announced on June 19 that it would further the reform of the formation mechanism of the yuan exchange rate to improve its flexibility.
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