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BEIJING, Jan.14 (Xinhua) -- A Maldivian delegation visited southwest China's Yunnan province from Jan.11 to 14.During the visit, speaker of the Maldivian People's Majlis, Abdulla Shahid, held talks with directors of Yunnan's departments of tourism and commerce on Tuesday.Shahid said tourism was without a doubt the key industry of Maldives, adding that there are currently more than 10,000 Chinese tourists coming to Maldives every month."The opening flight between Kunming and Male, capitals of Yunnan and Maldives, increase high-level exchanges and commerce cooperation between the two countries", he saidTourism of China and Maldives strongly complement each other, vice chairman of the Standing Committee of the Yunnan provincial People's Congress, Yan Youqiong, said during their meeting.

BEIJING, Jan. 14 (Xinhuanet) --The country's GDP growth rate will slow to 8.7 percent this year from 10 percent in 2010, and a key challenge in 2011 will be to ensure that anti-inflationary measures do not "significantly" reduce growth, the World Bank said on Thursday.The bank estimates that global GDP, which expanded by 3.9 percent in 2010, will slow to 3.3 percent in 2011, before reaching 3.6 percent in 2012. Developing countries will continue to outstrip growth in developed countries, it said.Amid credit-tightening measures to combat inflation and surging property prices, China's growth is expected to ease to 8.4 percent in 2012, the bank said.Despite the slowdown, China will spearhead Asia's economic expansion. According to the bank's forecast, the overall growth rate for developing Asian economies will ease to 8 percent from last year's 9.3 percent as governments rein in credit to cool inflationary pressures."For China, a big concern is how to ensure a soft landing of the economy without significantly reducing growth when the government takes measures to curb inflation," said Hans Timmer, director of development prospects at the World Bank.The consumer price index (CPI), a main gauge of inflation, accelerated to a 28-month high of 5.1 percent in November from a year earlier and most economists predict that it will be in the region of 4 to 4.5 percent this year.In a bid to combat inflation, the central bank hiked interest rates by 25 basis points twice in the last quarter of 2010.Ardo Hansson, lead economist of the World Bank's Beijing Office, said the country needs more flexibility in its foreign exchange policy to fight inflation.China's central bank set the yuan's mid-point beyond 6.60 against the US dollar for the first time on Thursday, breaching an important barrier just days before President Hu Jintao's visit to the United States next week.The People's Bank of China set the mid-point, from which the currency can rise or fall 0.5 percent on a given day, for daily trading against the dollar at 6.5997, the first time it had broken through 6.60.The yuan has risen around 3.6 percent since June when authorities dropped a peg with the US dollar that had been set to support the economy during the global financial crisis.Some US politicians have been pressing China to allow the currency to rise at a faster pace to help narrow a trade gap.US Treasury Secretary Timothy Geithner repeated his call on Wednesday for a faster appreciation of the yuan and added that such a move could lead to an easing of restrictions on US technology exports to China, with both civilian and military use."The recent quickened pace of yuan appreciation could be considered as a gesture by the Chinese government before Hu's visit to the US," said Dong Xian'an, chief macroeconomic analyst with Industrial Securities.According to Dong, the yuan will appreciate by 5 to 6.6 percent this year, "a moderate pace".Wang Tao, chief China economist at UBS Securities, said they expected the currency to grow by 5 percent in 2011.The yuan can now be increasingly used in cross-border transactions, in a bid to reduce dependence on the US dollar after Premier Wen Jiabao said in March that he was "worried" about holdings of dollar-denominated assets.The central bank is allowing banks and enterprises in areas that carry yuan-settled trade to use yuan-denominated investment overseas directly, it said in a statement on its website on Thursday, describing the initiative as a pilot program.According to data from HSBC, the average monthly volume of yuan-settled trade surged from 0.6 billion yuan ( million) in 2009 to 68 billion yuan between June and November 2010. And one-third of China's cross-border trade may be settled in yuan by 2016, as the government pushes for the internationalization of the currency.

BEIJING, Jan. 14 (Xinhua) -- Chinese Vice President Xi Jinping on Friday attended a graduation ceremony held by the Party School of the Communist Party of China (CPC) Central Committee.Xi, also president of the CPC's top Party school, awarded graduation certificates to the 682 officials who had finished the school's autumn semester and about 3,000 officials who completed studies at the school's four branches.Vice president of the school, Li Jingtian, called on the graduates to continue studying, implement the principles and policies at the 5th plenary session of the 17th CPC Central Committee and Central Economic Work Conference, as well as the concept of putting people first in the party's daily work.

MACAO, Nov. 13 (Xinhua) -- Chinese Premier Wen Jiabao met with Ho Hau Wah, former chief executive of the Macao Special Administrative Region (SAR), who is now the vice chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), here on Saturday.Ho became the first chief executive of the Macao SAR in 1999 when China resumed the exercise of sovereignty over Macao, and won the election for a second term in 2004.During the meeting, Wen highly praised Ho's work as the chief executive, who facilitated the successful implementation of the principle of "one country, two system" in the SAR and made his contribution to maintaining Macao's prosperity and stability.Chinese Premier Wen Jiabao (R) meets with Edmund Ho Hau Wah, vice chairman of the National Committee of the Chinese People's Political Consultative Conference, in Macao, south China, Nov. 13, 2010.Wen expected Ho to keep himself concerned on Macao's development and fully support the work of the chief executive and the Macao government.Chui Sai On succeeded Ho as the third-term chief executive on December 20, 2009.Kicking off his two-day visit in Macao Saturday morning, Wen has attended the opening ceremony of the third Ministerial Conference of the Forum for Economic and Trade Cooperation between China and Portuguese-Speaking Countries, and delivered a keynote speech.

BEIJING, Dec. 31 (Xinhua) -- The Chinese government has ordered a crackdown on pirated videos of two Chinese New Year blockbusters "Let the Bullets Fly" and "If You Are the One II."The two Chinese movies are both big hits of the New Year movie season. "Let the Bullets Fly" has raked in over 400 million yuan (59.7 million U.S. dollars) in box office since its debut on Dec. 16, while "If You are the One II" has made 200 million yuan within five days since its release.The crackdown was ordered by the National Office Against Pornographic and Illegal Publications and the General Administration of Press and Publication "in order to protect and boost the development of China's film industry," a statement from the office said Friday.The statement said the crackdown is part of a half-year national campaign against infringement of intellectual property rights (IPR), which is underway.The two departments asked local market watchdogs to enhance market inspections to weed out illegal workshops producing pirated video products.