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WASHINGTON, May 27 (Xinhua) -- The U.S. Treasury Department said in a report released on Friday that China was not manipulating its currency."In China, since the authorities decided in June 2010 to allow the exchange rate to appreciate in response to market forces, the renminbi (RMB) has appreciated by a total of 5.1 percent against the dollar in nominal terms through the end of April 2011, or at an annual pace of approximately 6.0 percent," noted the semi- annual report on international economic and exchange rate policies.The Treasury said that as inflation in China is significantly higher than it is in the United States, the renminbi has appreciated more rapidly against the dollar on a real, inflation- adjusted basis, at a rate of around 9 percent per year.The delayed report, which was originally scheduled to be sent to the Congress on April 15, finds "no major trading partner of the United States" manipulated its currency during the period covered in the report.The Treasury added that it will continue to "closely monitor" the renminbi appreciation pace.The report also noted that the U.S. economy is recovering from its deepest recession in the post-war period."While recent growth is encouraging, the economy still faces significant challenges," said the report. The number one challenge is still in the labor market.The U.S. unemployment rate, currently at 9.0 percent, is not expected to fall significantly this year.Besides, housing market and long-term fiscal position are " unsustainable," according to the report.In recent remarks, Treasury Secretary Timothy Geithner stated that China is the fastest growing market for U.S. exports. In 2010, U.S. exports to China grew at a pace that was 50 percent higher than the rest of the world.
WASHINGTON, May 17 (Xinhua) -- The U.S. National Aeronautics and Space Administration (NASA) announced Tuesday that the international Aquarius/SAC-D observatory will be launched on June 9, to study interactions between ocean circulation, the water cycle and climate by measuring ocean surface salinity.Engineers at Vandenberg Air Force Base in California are performing final tests before mating the satellite to its Delta II rocket. The mission is a collaboration between NASA and Argentina' s space agency, with participation from Brazil, Canada, France and Italy.In addition to Aquarius, the primary instrument, the observatory carries seven other instruments that will collect environmental data for a wide range of applications, including studies of natural hazards, air quality, land processes and epidemiology.The mission will make NASA's first space observations of the concentration of dissolved salt at the ocean surface. Aquarius' observations will reveal how salinity variations influence ocean circulation, trace the path of freshwater around our planet, and help drive Earth's climate. The ocean surface constantly exchanges water and heat with Earth's atmosphere. Approximately 80 percent of the global water cycle that moves freshwater from the ocean to the atmosphere to the land and back to the ocean happens over the ocean.Salinity plays a key role in these exchanges. By tracking changes in ocean surface salinity, Aquarius will monitor variations in the water cycle caused by evaporation and precipitation over the ocean, river runoff, the freezing and melting of sea ice. Salinity also makes seawater denser, causing it to sink, where it becomes part of deep, interconnected ocean currents. This deep ocean "conveyor belt" moves water masses and heat from the tropics to the polar regions, helping to regulate Earth's climate."Salinity is the glue that bonds two major components of Earth' s complex climate system: ocean circulation and the global water cycle," said Aquarius Principal Investigator Gary Lagerloef of Earth & Space Research in Seattle in a statement. "Aquarius will map global variations in salinity in unprecedented detail, leading to new discoveries that will improve our ability to predict future climate."Aquarius will measure salinity by sensing microwave emissions from the water's surface with a radiometer instrument. These emissions can be used to indicate the saltiness of the surface water, after accounting for other environmental factors. Salinity levels in the open ocean vary by only about five parts per thousand, and small changes are important. Aquarius uses advanced technologies to detect changes in salinity as small as about two parts per 10,000, equivalent to a pinch (about one-eighth of a teaspoon) of salt in a gallon of water.Aquarius will map the entire open ocean every seven days for at least three years from 408 miles (657 kilometers) above Earth. Its measurements will produce monthly estimates of ocean surface salinity with a spatial resolution of 93 miles (150 kilometers). The data will reveal how salinity changes over time and from one part of the ocean to another.
BEIJING, Feb. 11 (Xinhua) -- China plans to dig 1,350 wells in eight major wheat-growing provinces to help ease the ongoing drought that is threatening the country's grain harvest, said the Ministry of Land and Resources (MLR) on Friday.The ministry will establish an anti-drought and well drilling operation headquarters and three front working teams in north China, Huanghuai area - along the Yellow and Huai rivers - and northwest China, said the MLR at a video conference.Also, China Geological Survey, an institution directly under the MLR, will transfer experienced technicians from its nine affiliated units to form three emergency squads and 12 emergency groups to assist local governments in finding water in those regions, said the MLR.Further, the MLR will send geological survey teams from its nine affiliated units and eight provinces, including Sichuan, Yunnan and Guizhou, to the eight provinces, it said.The survey teams will bring 100 sets of advanced geophysical prospecting instruments and 320 sets of drill machines to dig 1,350 wells to ease the water shortages affecting people and livestock, especially those in mountainous areas, and strengthen local irrigation, it noted.The eight provinces include Shandong, Henan, Hubei, Anhui, Shanxi, Shaanxi, Gansu and Jiangsu, which are China's major wheat-producing regions and have been severely affected by months-long drought.The MLR had previously put in place a series of measures to relieve drought and find water, such as making underground water layout maps and sending experts to drought-hit regions to give technical guidance, said the MLR.As of 3 p.m. Thursday, the drought had affected 101.28 million mu (6.75 million hectares) of crops nationwide and left 2.81 million people and 2.57 million livestock short of drinking water, said the Office of State Flood Control and Drought Relief Headquarters.
BEIJING, Feb. 18 (Xinhua) -- In the next five years, China will further expand the coverage of its basic medical insurance system and ease the cost of medical services, Health Minister Chen Zhu said Friday.Chen made the remarks while addressing a meeting for the reform of the health care system.The medical expenditure that shouldered by individuals had been cut to 38.2 percent of China's annual overall spending on medical services in 2009, down from 60 percent in 2001, thanks to increasing government funding support for the measure, said Chen.He said the country is striving to bring down the ratio to below 30 percent by the end of the country's 12th five-year plan period (2011-2015).China is steadily pushing towards the implementation of a basic medicine system which aims to ensure affordable access to essential drugs for patients, Chen said.In the areas already covered by basic medicine system, the average price of basic medicine has dropped by around 30 percent, Chen added.He said that the reform of government-run hospitals, which is key to ensure that the masses gain universal access to basic health care services, must be undertaken.In 2011, more measures will be made to restructure the distribution of public hospitals, reform government-run traditional Chinese medical institutions and support building and developing hospitals in county-level regions, Chen said.
BEIJING, Jan. 21 (Xinhua) -- Chinese Vice Premier Li Keqiang on Friday stressed the importance that local governments improve management of land and resources, as it remains vital for the stable and relatively quick development of the nation's economy.Li said China faced the difficult tasks of land and resource management as resources are becoming scarce amid the country's quickening industrialization, urbanization, and agricultural modernization.He said the nation must continue preserving arable land. To ensure grain security, China set a "red line" to guarantee its arable land never shrinks to less than 1.8 billion mu (120 million hectares).Chinese Vice Premier Li Keqiang (R) shakes hands with outstanding representatives from local departments in charge of land and resources in Beijing, capital of China, Jan. 21, 2011.Li also called on local authorities to step up efforts to protect valuable mineral resources while using resources more efficiently and in a frugal manner.At the same time, the senior Chinese official said land should be guaranteed for the nation's plan to build 10 million affordable houses for low and middle income people this year.Further, Li urged local authorities to improve work in monitoring and taking precautionary measures against geological disasters to ensure the safety of people's lives and property.