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BEIJING, Oct. 8 (Xinhua) -- China is ready to work closely with the new leadership of the Democratic People's Republic of Korea (DPRK) to cement bilateral friendly cooperative ties, said Chinese Vice President Xi Jinping on Friday.Xi made the remarks while addressing a reception at the DPRK embassy in Beijing to mark the 65th anniversary of the founding of the ruling Workers' Party of Korea (WPK).Xi said over the past 65 years, people of the DPRK had made remarkable achievements in overcoming difficulties, safeguarding national sovereignty and building Korean-style socialism. Chinese Vice President Xi Jinping (1st L) speaks at a banquet to celebrate the 65th anniversary of the founding of the Workers' Party of Korea (WPK), held by the embassy of the Democratic People's Republic of Korea (DPRK) to China in Beijing, capital of China, Oct. 8, 2010.He said General Secretary of the WPK Kim Jong Il had led the party and people to be self-reliant, to struggle arduously and to make great achievements in the cause of building a strong and prosperous socialist country."We believe that under new leadership of the WPK, the DPRK people will see greater progress in developing its economy, improving living standards, achieving peaceful national unification and expanding foreign relations," said Xi.China was glad to see the continous consolidation and development of bilateral ties nurtured by generations of state leaders and the joint efforts of the two peoples.Xi also recalled Kim Jong Il's two China trips this year, in which the DPRK leader had reached important accords with General Secretary Hu Jintao of the Central Committee of the Communist Party of China (CPC)."We are willing to join hands with the DPRK new leadership to further promote China-DPRK friendly cooperative relations in a spirit of carrying forward the tradition, looking forward to the future, developing good-neighborliness and friendship and boosting cooperation," Xi said.About 100 delegates from both countries attended the reception

BEIJING, Oct. 19 (Xinhua) -- China will launch a new national campaign to crack down on violations of intellectual property rights (IPRs) and on the production and distribution of fake and shoddy products.The decision was made at a regular meeting of the State Council Tuesday, which was presided over by Chinese Premier Wen Jiabao. The campaign will last for half a year, beginning from the end of October.The campaign will target pirated publications, software products, DVDs, designs and other products with IPRs, as well as violations of registered trademarks and patents, both at the production and distribution levels.The campaign will also enhance China's scrutiny over the import and export of fake goods and mete out stern punishment to businesses involved in the import and export of such goods.The campaign will target Internet piracy and the sale of pirated and fake goods via the Internet.Additionally, the State Council directed all government agencies to purchase only authorized software and their upgraded versions.At the Tuesday meeting, a draft regulation on gas use in urban areas was also passed in a bid to secure gas supplies and eliminate safety risks.

BEIJING, Oct. 11 (Xinhua) -- The value of yuan, China's currency Renminbi, hit new high against U.S. dollar Monday as the central parity rate of the yuan was set at 6.6732 per U.S. dollar, according to the data released by the China Foreign Exchange Trading System.Monday's central parity rate beat the previous record of 6.6830 on Oct. 8.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 Monday's central parity, the Chinese currency has strengthened against the U.S. dollar by about 2.26 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.China would continue reform of the formation mechanism of its currency exchange rate to improve its flexibility, but will do so in a gradual way, Zhou Xiaochuan, Governor of the People's Bank of China, China's central bank, said in Washington on Sunday.