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BEIJING, Sept. 17 (Xinhua) -- The People's Bank of China (PBOC), or the central bank, announced Friday it would continue the country's moderately easy monetary policy while making it better-targeted and more flexible in the coming months of this year.The PBOC made the announcement in its report on China's financial stability, which was released on the PBOC's website.The PBOC said in the next stage it needs to skillfully handle the relationship between maintaining steady and rapid economic development, restructuring the economy and managing inflation expectations.Chinese banks should continue supporting the country's economic restructuring, guard against risks, change profit structures, and improve the capital replenishing and restriction mechanism, the central bank said in the announcement.The announcement noted that local government debt was rising quickly, corporate liquidity was decreasing with a high current debt ratio, and credit card advances were increasing despite mounting financial assets held by residents and the low debt level.It said the global financial crisis had revealed limitations and gaps in the existing regulatory system. To prevent systemic risks, the central bank would combine macro and micro-prudential supervision in its policy package.

BEIJING, Oct. 12 (Xinhua) -- The central parity rate of the yuan, China's currency Renminbi (RMB), dropped 43 basis points Tuesday to 6.6775 per U.S. dollar, according to the data released by the China Foreign Exchange Trading System.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 Tuesday's central parity, the Chinese currency has strengthened against the U.S. dollar by 2.19 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 9.2574 Tuesday, higher from 9.3215 on Oct. 11, the previous trading day.The yuan's rate against 100 yen was 8.124 Tuesday, compared with 8.1276 on Monday.The yuan's rate against the British pound was 10.6042, compared with 10.6311 on the previous trading day.The central parity of RMB against the U.S. dollar is based on a weighted average of enquired prices from all market makers before the opening of the market in each business day.The central parity of RMB against the other five currencies is based on the central rate of RMB against the U.S. dollar of the same business day as well as the exchange rates of the five currencies against the U.S. dollar at 9 a.m. (0100 GMT) of the same business day in the international foreign exchange market.

BEIJING, Oct. 22 (Xinhua) -- A senior Chinese military official reiterated on Friday that a peaceful resolution through consultation and negotiation was needed to handle disputes over the South China Sea.Ma Xiaotian, deputy chief of the General Staff of the Chinese People's Liberation Army (PLA), made the remarks in his keynote speech at the opening of the Xiangshan military forum in Beijing, which discussed Asia-Pacific security issues.Ma reiterated that China has indisputable sovereignty over the islands in the South China Sea and the surrounding waters, and is committed to enhancing dialogue and cooperation with the parties concerned to maintain peace and stability in the region.He stressed that China had always guaranteed freedom of navigation in and flying over the South China Sea in accordance with international law."It is the common interests of China and other countries to maintain freedom and security of navigation in the region," he said.""We also believe that the overall situation in the South China Sea is stable," Ma said. "It will do no good to the region's security and stability to repeatedly bring forward the issue or exaggerate the issue, like what some countries did."Hosted under the theme of "Evolution of International Strategic Configuration and Asia-Pacific Security," the three-day Xiangshan forum has attracted more than 100 military scholars to discuss the new challenges and counter-measures needed to ensure the security and stability of the Asia-Pacific region.The event was organized by the China Association for Military Science.

BEIJING, Oct. 20 (Xinhua) -- The Marine Corps of the Chinese People's Liberation Army (PLA) will conduct a joint drill with their counterpart of Thailand, China's Ministry of National Defense said Wednesday.Called "Blue Assault-2010," the joint drill will take place in Sattahip, Thailand, from Oct. 26 to Nov. 14, a ministry statement said.The joint training exercise will be the first for the PLA marines, according to the statement.The joint drill will focus on anti-terrorism. It will also aim at helping marines from Thailand and China learn from each other, enhance mutual understanding, step up friendly exchange and cooperation in a bid to improve the capabilities of both countries' marine corps to handle new challenges and threats together.

BEIJING, Sept. 12 (Xinhua) -- China expressed on Sunday its firm opposition to any kind of investigation by the Japanese side on the illegally detained Chinese trawler after the Japanese authorities towed the trawler for a mock collision.In a written statement, Foreign Ministry spokeswoman Jiang Yu said Japan's so-called evidence-taking activities were illegal, invalid and would finally go in vain.China demands the Japanese side to stop activities that would lead to escalation of the situation and release the Chinese fishermen and their ship immediately and unconditionally, Jiang said, stressing it was the only way to solve the problem.Early Sunday morning, the Chinese boat was towed to the sea near Ishigaki island in Okinawa Prefecture to recapture the situation when it collided with two patrol ships of Japanese Coast Guard off Diaoyu Islands in the East China Sea on Tuesday.The Chinese trawler under detention stops at the harbor of Ishigaki, Okinawa, Japan, Sept. 9, 2010. Japan Coast Guard sent the captain of the Chinese trawler which collided with Japanese patrol ships in waters off Diaoyu Islands to prosecutors in Okinawa Prefecture Thursday morning.All the 14 Chinese fishermen were on board, Xinhua has learned. They had been kept on boat off Ishigaki harbor. The staff of the Chinese Embassy in Tokyo had called on them over the past five days.No injuries were reported after the collision, but the fishing boat was then intercepted and seized by Japanese patrol ships.Japan's Coast Guard arrested the Chinese captain of the fishing boat for alleged "obstructing public duties" early Wednesday despite China's protest.Zhan Qixiong, the 41-year-old captain, was taken to a local police station on Ishigaki island after a local court granted on Friday a request by prosecutors for a 10-day detention through Sept. 19.Chinese State Councilor Dai Bingguo on Sunday told Japan to make a "wise political resolution" and immediately release the Chinese fishermen and fishing boat.Dai, who made the remarks when summoning Japanese Ambassador to China Uichiro Niwa in the wee hours, was the highest-ranking Chinese official to make a response after the fishing boat and its crew were seized Tuesday."Dai expressed solemnly (to the Japanese ambassador) the Chinese government's grave concerns and its serious and just position," said the Foreign Ministry in a statement.Dai warned Japan not to make a wrong judgment on the situation and urged it to make a "wise political resolution" and immediately release the fishermen and return the boat.Niwa said he would promptly report the Chinese position to his government, said the statement.China decided Friday night to postpone a negotiation with Japan on the East China Sea issue scheduled for mid September, after the Japanese court ruled a 10-day detention through Sept. 19 against the captain despite protests from China.Previously, Foreign Minister Yang Jiechi on Friday summoned the Japanese ambassador and demanded Japan immediately and unconditionally release the boat and all the crew, saying China's determination to defend its sovereignty over the Diaoyu Islands and the interests of the Chinese people was unswerving.Announcing the postponement of the talks on Friday night, Foreign Ministry spokeswoman Jiang Yu said the Japanese side has "ignored China's repeated solemn representations and firm opposition, and obstinately decided to put the Chinese captain under the so-called judiciary procedures."She said Japan's acts have violated the law of nations and basic international common sense, and are "ridiculous, illegal and invalid.""Japan will reap as it has sown, if it continues to act recklessly," Jiang warned.Protests of the public also emerged recently in China against the Japanese move.On Wednesday, more than 40 Chinese nationals staged a protest near the Japanese embassy in Beijing over the detention of the Chinese fishing boat.The unofficial China Federation for Defending the Diaoyu Islands organized the half-hour protest on Wednesday.Witnesses said the protesters chanted the Chinese national anthem while holding up national flags and banners, two of which read "Japan out of Diaoyu Islands" "Diaoyu Islands are China's and so is the East China Sea." Li Wen, a federation official, blasted Japan's act as aggression and demanded release of the fishing boat and crew members, and an apology and compensation from the Japanese government.If the demands were not met, the federation would organize Diaoyu Islands defenders to land on the islands during the National Day holiday, which runs through Oct. 1 to Oct. 7, Li said.