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BEIJING, April 27 -- The yuan will remain stable against the U.S. dollar as China will take a cautious and stable position in its foreign exchange investment. The Chinese currency gained against the US dollar in the past week and ended at 6.8273 last Friday, according to the China Foreign Exchange Trade System. The yuan closed at 6.8311 by the end of the previous week. China will continue its policy of diversifying its huge amount of foreign exchange reserves, the currency regulator said last Friday. Hu Xiaolian, head of the State Administration of Foreign Exchange, told Xinhua news agency that it will stick to major currencies and high-quality assets in its foreign exchange investments. China's overseas earnings hit 82.5 billion U.S. dollars in the past year, an 8-percent rise from a year earlier, according to data released by the administration last Friday. Hu also noted the positive outlook of China's economy has lessened concerns over a depreciation in the yuan.
BEIJING, July 14 (Xinhua) -- China's armed forces are raising the qualification and training levels of non-commissioned officers (NCOs) to build a professional corps with the ability to operate increasingly sophisticated weapon systems. A reform plan unveiled by the Central Military Commission (CMC), China's top military authority, outlines the reforms which will affect the People's Liberation Army (PLA) and People's Armed Police Force (PAPF) by the end of this year. The number of non-commissioned officers (NCO) in the PLA and PAPF would rise to almost 900,000 while the total number of personnel would remain unchanged, Yang Yangshen, an officer with the PLA's Headquarters of the General Staff, told Xinhua on Tuesday. He said the rise would be small, but would not give the current number of NCOs. New NCO posts would be offered to increase the strength of increasingly technology-intensive forces. The NCOs would be given more responsibility for equipment that needed better proficiency and information skills in addition to assisting commissioned officers with basic training. According to the plan, the PLA and PAPF would recruit more graduates with three-year college diplomas, who could better understand the operation of modern military weapons systems, rather than promote enlisted personnel. The PLA and PAPF enlisted personnel are mainly high school graduates who finished 12 years of education. The modernization of the PLA's weapon systems called for better qualified non-commissioned officers, said Yang. Currently, the NCOs of the PLA and PAPF are ranked in six categories, starting from the lowest NCO level 1 up to NCO level 6. According to the plan, the new ranks, from lowest to highest, will be corporal, sergeant, sergeant first class, master sergeant class four, master sergeant class three, master sergeant class two and master sergeant class one. The reform also introduces a training system by which the new NCOs need to acquire technical qualifications, such as weapons repair and equipment maintenance. All NCOs who want to be promoted will need to pass upgraded training courses and exams, according to the reform plan. The plan mandates that the maximum service time for junior grade NCOs (corporal, sergeant) is six years and intermediate grade (sergeant first class, master sergeant class four) is eight years. The senior grade NCOs (master sergeant class three, master sergeant class two, master sergeant class one) could serve for more than 14 years. It would also increase the basic salaries for intermediate grade NCOs and subsidies for all NCOs. The PLA and PAPF introduced volunteer recruitment in 1978, which was the original model of the NCO system established in 1998when the revised conscription law reduced the compulsory service period of the enlisted soldiers from three to two years.
URUMQI, July 8 (Xinhua) -- More than 100 overseas media organizations came to Urumqi, capital of northwest China's Xinjiang Uygur Autonomous Region, to report Sunday's riot, a press official said Wednesday. "All media organizations are welcome to report the riot," said Hou Hanmin, spokeswoman for the Xinjiang regional government and in charge of the press center in Haide Hotel in downtown Urumqi. "We will do our best to provide convenience for reporters while ensuring their safety," said Hou. "We hope every media reports the incident objectively through close observation of the truth," she said. The riot, which occurred Sunday evening in Urumqi, has left 156dead and more than 1,000 others injured. Wu Nong, a press center worker, said the center had technicians to deal with communication problems for journalists. It has interpreters of English and Uygur languages.
TAIYUAN, May 26 (Xinhua) -- Chinese companies should continue to improve their competence to ensure economic growth amid the global downturn, Vice President Xi Jinping has urged. Xi made the remarks during an inspection tour to north China's Shanxi Province, an old industrial base that is also resource-rich, from Sunday to Tuesday. To sharpen their competitive edge is companies' key mission to ensure national economic growth, said Xi . Chinese Vice President Xi Jinping, also member of the Standing Committee of the Communist Party of China (CPC) Central Committee Political Bureau and a member of the Secretariat of the CPC Central Committee, visits an industrial area to learn about employment situation in Taiyuan, during an inspection tour in north China's Shanxi Province, on May 26, 2009 Xi urged companies to use new technology to conserve energy. He also stressed work safety, saying people's lives are the most precious of all. He called on companies to create more jobs for the disabled and broaden their employment "to the utmost."
BEIJING, June 1 (Xinhua) -- As millions of Chinese children celebrated Children's Day Monday, Premier Wen Jiabao shared a light moment with 100 young students invited to his office in downtown Beijing. In two hours squeezed from tight schedule, Wen danced, sang and chatted with the children from all over the country. He encouraged the youngsters to study hard, and to grow up well-educated with loving hearts. "It is love that brings you together and here today. I hope you understand what love is, how to cherish love and learn to love others," the 67-year-old premier, also a grandfather, told the excited children. Chinese Premier Wen Jiabao (C) attends a celebration with children for the International Children's Day in Beijing, capital of China, June 1, 2009The outing resulted from an initiative of Beijing's Zhongguancun No. 3 Primary School, which raised funds through student charity work to sponsor visits by children from other parts of China to the national capital on Children's Day. More than 70 children, belonging to 55 ethnic groups, were invited from 18 provinces and autonomous regions. In a letter to Wen, they asked if they could meet him. Their wish came true on Monday when they arrived at Zhongnanhai, the central leadership's compound near the Forbidden City in central Beijing. Chinese Premier Wen Jiabao (2nd R Front) receives a calligraphy work presented by a child during a celebration of the International Children's Day in Beijing, capital of China, June 1, 2009. Smiling Wen received a gift from the children -- a red scarf usually worn by the Young Pioneers. He showed the children an office used by Premier Zhou Enlai before he died in 1976, where the children recited an article in their textbook describing how the widely-respected statesman was dedicated to his work. At an auditorium specially decorated with children's paintings, balloons and greeting cards, Wen listened attentively as the children discussed their trip to Beijing. Sangye Lhamo, from Medog County in southwestern Tibet Autonomous Region, attracted the premier's attention because he knew Medog was China's only county without paved roads. Chinese Premier Wen Jiabao (C) views the children's drawings during a celebration of the International Children's Day in Beijing, capital of China, June 1, 2009. "You must come from the remotest place compared with other kids here. How did you make it?" Wen asked. Sangye Lhamo said they spent 10 days traveling, trekking over snow-capped mountains. Wen said he hoped Sangye Lhamo's trip to Beijing would not be so hard in future, "because the government will build a road to your hometown from Lhasa (Tibet's capital) soon." Shan Danleng's hometown, Leigu in Beichuan County, Sichuan Province, was devastated by the magnitude 8 earthquake on May 12 last year. But she told Wen that she and her schoolmates had moved into new classrooms last month, with the support of loving people. Chinese Premier Wen Jiabao (C) leads the children for a tour of the Zhongnanhai leadership compound during a celebration of the International Children's Day in Beijing, capital of China, June 1, 2009."Today we gather here like a big family. It's all because of love," Wen said. "I hope you will learn to love your parents, your hometowns and your country. With love we can unite together to build a better future for our motherland." He also told accompanying teachers and officials to use the true, the good and the beautiful as principles in education. The young visitors each left with a Chinese language dictionary and a set of Chinese literary classics, all autographed by Wen.