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COPENHAGEN, Sept. 29 (Xinhua) -- The Chinese Embassy in Denmark held a grand reception Wednesday to celebrate the 61st anniversary of the founding of the People's Republic of China.Around 200 guests from Danish government agencies, business communities and other circles as well as diplomatic corps were present on the festive occasion.Chinese Ambassador to Denmark Xie Hangsheng had pleasant talks with the guests, during which he said that since the establishment of diplomatic ties between China and Denmark, the mutual understanding and friendship between the two countries have been further deepened.He said China highly values its relationship with Denmark and hopes the two sides can enhance mutually beneficial cooperation at various levels to press ahead with the bilateral relationship.The ambassador said China is committed to follow the road of peaceful development and is ready to join hands with the international community to cope with global challenges and promote world peace, development and prosperity.The guests expressed high appreciation to China's development and roles in the international arena, and watched a photo exhibit and a documentary film on the Shanghai Expo during the reception.

BEIJING, Oct. 13 (Xinhua) -- The value of yuan, China's currency Renminbi, hit new high against U.S. dollar Wednesday as the central parity rate of the yuan was set at 6.6693 per U.S. dollar, according to the data released by the China Foreign Exchange Trading System.Wednesday's central parity rate beat the previous record of 6.6732 on Oct. 11.The yuan has picked up its strength against the U.S. dollars and seen increased volatility in the trading days since the People's Bank of China (PBOC), the central bank, announced on June 19 this year to increase exchange rate flexibility.Based on Wednesday's central parity, the Chinese currency has strengthened against the U.S. dollar by about 2.32 percent from the rate of 6.8275 per U.S. dollar that was set a day before the PBOC's pledge to increase flexibility.On China's foreign exchange spot market, the yuan can rise or fall 0.5 percent from the central parity rate during trading each day.The PBOC released the yuan's central parity rates against a basket of currencies -- the U.S. dollar, the euro, the Japanese yen, the Hong Kong dollar, the British pound and the Malaysian Ringgit.The yuan's parity rate against the euro was set by the central bank at 9.294 Wednesday, lower from 9.2574 on Oct. 12, the previous trading day.The yuan's rate against 100 yen was 8.1477 Wednesday, compared with 8.124 on Tuesday.

PYONGYANG, Sept. 29 (Xinhua) -- The Chinese embassy in Pyongyang held a reception on Wednesday to celebrate the 61st anniversary of the founding of the People's Republic of China.Speaking at the reception, Chinese ambassador Liu Hongcai congratulated the successful conference of the ruling Workers' Party of Korea (WPK) and the re-election of Kim Jong Il as party general secretary.He said China will steadily boost the friendly and cooperative relationship between China and the Democratic People's Republic of Korea (DPRK) to a higher level.Yang Hyong Sop, vice-president of DPRK's Presidium of the Supreme People's Assembly, said in his speech that the Chinese people successfully built a Socialist state with Chinese characteristics and achieved many successes in the construction of a harmonious society under the leadership of the Communist Party of China.To steadily consolidate and develop the DPRK-China friendly and cooperative relationship is the consistent stand of the WPK and the DPRK government, he said.Yang also expressed the belief that the traditional friendship and bilateral cooperation would grow stronger in the spirit of agreements reached between top leaders of the two countries.