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WASHINGTON, Feb. 4 (Xinhua) -- Major trading partners of the United States, including China, did not manipulate their currencies to gain an unfair advantage in international trade in 2010, according to a report released by the U.S Treasury Department on Friday."Based on the resumption of exchange rate flexibility last June and the acceleration of the pace of real bilateral appreciation over the past few months," China's behavior did not qualify under the official definition of manipulation, the Treasury said in its long-delayed semiannual report to the Congress on International Economic and Exchange Rate Policies.With respect to exchange rate policies, ten economies were reviewed in this report, accounting for nearly three-fourths of U. S. trade. Many of the economies have fully flexible exchange rates. A few have more tightly managed exchanges rates, with varying degrees of management."No major trading partners of the United States" met the standards identified by the Congress as currency manipulator, concluded the report.Since the June 19, 2010 announcement by China's central bank of greater exchange rate flexibility, its currency, also known as renminbi (RMB) has appreciated 3.7 percent against the dollar, or about 6 percent annualized. The renminbi has appreciated 26 percent in total against the dollar since 2005.The Treasury said that because inflation in China is significantly higher than it is in the U.S., the RMB has been appreciating more rapidly against the dollar on a real, inflation- adjusted basis, at a rate which if sustained would amount to more than 10 percent per year.The U.S. accuses Beijing of keeping its currency undervalued, flooding the country with cheap exports and costing U.S. jobs. But many economists believe that the appreciation of RMB will help little to the U.S. employment."Treasury today again made the right call on China's currency policy in its latest exchange rate report," John Frisbie, President of the U.S.-China Business Council (USCBC) said in a statement after the U.S. Treasury Department'report."While USCBC believes that China should allow its exchange rate to better reflect market forces, designating China as a ' manipulator' would achieve nothing. USCBC continues to support the Obama administration's approach of combined multilateral and bilateral engagement with China as the most effective way to make progress on the exchange rate issue."

BEIJING, March 10 (Xinhuanet) -- The price of preventing preterm labor is about to rise drastically in the U.S. next week.A drug for high-risk pregnant women costs about 10 to 20 dollars per injection. Next week, the price will shoot up to 1,500 dollars a dose, according to media reports Wednesday.This means the total cost during a pregnancy could be as much as 30,000 dollars.The massive increase comes after KV Pharmaceutical of St. Louis won an exclusive government license to produce the drug, known as Makena.The drug, a form of progesterone given as a weekly shot, has been made cheaply for years by unlicensed chemists.The March of Dimes and many obstetricians supported the move because it means quality will be more consistent and it will be easier to get, but none of them has anticipated the sharp price hike.Doctors and campaign groups have been caught out by the move, saying that the price hike may deter low-income women from getting the drug, leading to more premature births.

LOS ANGELES, May 23 (Xinhua) -- NASA's Gravity Recovery And Interior Laboratory spacecraft (Grail) will begin final preparations for a launch on a Moon mission in late summer, the Jet Propulsion Laboratory (JPL) said on Monday.The dynamic duo will orbit the moon to determine the structure of the lunar interior from crust to core and to advance understanding of the thermal evolution of the moon, according to JPL in Pasadena, Los Angeles.After arriving at the Astrotech payload processing facility in Titusville, Florida last week, the Grail twins, known as Grail-A and Grail-B, were removed from their shipping containers Monday. Later this week, they will begin functional testing to verify their state of health, said JPL.The twins were shipped from Lockheed Martin Space Systems, Denver.Over the next four months at the Astrotech facility, the spacecraft will undergo final testing, fueling and packaging in the shroud that will protect them as the Delta II launch vehicle lifts them into space. The spacecraft will then be transported to the Cape Canaveral Air Force Station for installation atop the rocket that will carry them toward the moon, JPL said."We're only a few full moons away from a mission that will reveal clues not only into the history of the moon and Earth, but will provide important data for future lunar exploration," said Maria Zuber, Grail's principal investigator, based at the Massachusetts Institute of Technology.Grail will be carried into space aboard a United Launch Alliance Delta II Heavy rocket lifting off from Launch Complex-19 at the Cape Canaveral Air Force Station in Florida. The launch period opens Sept. 8, 2011, and extends through Oct. 19. For a Sept. 8 liftoff, the launch window opens at 5:37 a.m. PDT (8:37 a.m. EDT) and remains open through 6:16 a.m. PDT (9:16 a.m. EDT).Grail-A and Grail-B will fly in tandem orbits around the moon for several months to measure its gravity field in unprecedented detail.The mission will also answer longstanding questions about Earth' s moon, and provide scientists a better understanding of how Earth and other rocky planets in the solar system formed, according to JPL, which manages the Grail mission.

SHANGHAI, Feb. 8 (Xinhua) - Shanghai World Expo authorities said that about 300,000 tourists have visited the China Pavilion of the expo during the seven-day Spring Festival holiday, as of Tuesday evening.Daily peak was recorded at 48,000 visitors, authorities said late Tuesday.The China Pavilion had been adorned with a new logo of a rabbit and two carrots to mark the country's Lunar New Year celebrationsMore than 1,500 staff, police and volunteers were assigned to the China Pavilion to ensure public safety during the holiday.The organizers also sold tickets in advance and extended opening hours to accommodate the large number of visitors.Overseas and domestic tourists from outside Shanghai comprised 70 percent of the total visitors during the holiday, according to a survey by the organizer.The China Pavilion of the Shanghai World Expo had reopened on December 1, 2010 and will remain open to the public until the end of May this year.

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