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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.

BEIJING, Aug. 21 (Xinhua) -- China's flood control authority Saturday urged more efforts to battle flooding in areas along the Yalu River in northeast China's Liaoning Province, to ensure the safety of local residents.The Office of National State Flood Control and Drought Relief Headquarters has required relevant departments to focus on the prevention of landslides.The office dispatched a work team to Liaoning Saturday to assist flood-control efforts.As of 7 a.m. Saturday, three people were missing and about 51,000 people had been evacuated, after the swollen Yalu River flooded parts of Dandong City in Liaoning.

SHANGHAI, Aug. 21 (Xinhua) - Shanghai International Port Group (SIPG), China's largest commercial port and one of the country's major gateways for foreign trade, reported a 52 percent increase in profits during the first half of the year.Net profits for SIPG were 2.6 billion yuan (385 million U.S. dollars) from January to June, up 52.4 percent year on year, the company said in a statement to the Shanghai Stock Exchange on Saturday.Further, earnings per share rose 52 percent from a year earlier to 0.12 yuan, according to the statement.The company attributed the growth mainly to China's robust trade performance in the first half of the year.During the first half of 2010, China's exports rose 35.2 percent to 705.09 billion U.S. dollars while imports increased 52.7 percent to 649.79 billion U.S. dollars, according to the General Administration of Customs.SIPG shares on the Shanghai bourse closed down 0.48 percent to 4.17 yuan on Friday.

BEIJING, July 1 (Xinhua) -- Chinese Vice President Xi Jinping on Thursday urged members and officials of the Communist Party of China (CPC) to emulate the achievements of an official who died on duty after six years of dedicated work as a village Party secretary.Xi made the statement in Beijing while meeting with attendants to a ceremony to mark the release of a movie about the Party secretary's life in the village, and that of a book based on his diaries.The official, Shen Hao, had been a provincial government official in Anhui in central China, but was later assigned as a village Party secretary in 2004.Shen's devotion to his job brought about significant changes in the village and twice his term was extended at the request of the people in the village, though the work eventually cost him his life. He fell ill through constant overwork and died on November 6, 2009.Xi hailed Shen as a role model for CPC members and officials and urged them to maintain close ties with the people.

BEIJING, June 17 (Xinhua) -- Chinese Premier Wen Jiabao held talks with his Mozambican counterpart Aires Bonifacio Baptista Ali here on Thursday, vowing to facilitate bilateral cooperation in energy, mine exploration and agriculture fields.Wen hailed the progress of bilateral relations since diplomatic ties were forged 35 years ago, saying that the two countries always had supported each other's core interests and major concerns.China values its relations with Mozambique and hopes to maintain high-level exchanges with the country and enhance consultations at various levels, Wen said.He stressed bilateral coordination within the framework of the Forum on China-Africa Cooperation and other international organizations including the United Nations.Chinese Premier Wen Jiabao (R) shakes hands with his Mozambican counterpart Aires Ali in Beijing, China, June 17, 2010.Ali, who is on a six-day China tour, appreciated China's support to his country in its national independence cause and country building.He told Wen that Mozambique attaches great importance to its relations with China and firmly adheres to the one-China policy. He invited more Chinese companies to invest in his country.In response, Wen said China encourages reliable and promising Chinese companies to invest in Mozambique, calling on both sides to explore cooperation in energy, agriculture and mine exploitation.The Chinese premier said China had offered unconditional economic and technological aid to Mozambique over the years, vowing to continue to help the country improve its people's living standards.Ali arrived in Beijing on Wednesday to start his working visit to China. Besides Beijing, he will also visit central China's Hubei Province and Shanghai.