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BEIJING, Dec. 31 (Xinhua) -- On the last trading day of 2010, the Chinese currency, the yuan, strengthened to a record high for a second consecutive day, at 6.6227 per U.S. dollar, after 11 consecutive days of gains.The central parity rate of the currency, also known as the renminbi (RMB), was set two basis points stronger than Thursday's 6.6229, according to the China Foreign Exchange Trading system.China's central bank announced on June 19 it would further reform the formation mechanism of the yuan exchange rate to improve its flexibility.

BEIJING, Jan. 6 (Xinhua) -- A senior Chinese publicity official has urged building a better image of the country on the world stage this year and strengthening friendly relationships with foreign countries.Wang Chen, director of the Information Office of the State Council and International Communication Office of the Communist Party of China Central Committee, made the remarks at a national meeting on overseas publicity that runs from Tuesday to Wednesday.According to a statement released after the meeting, the country will improve its news publishing system and make more efforts in promoting mutual trust with foreign countries, while erasing doubts.In addition, the country also plans to push forward the development and management of the Internet and other new media in a bid to promote its international communications capacity.

BEIJING, Jan. 17 (Xinhua) -- The National Committee of the Chinese People's Political Consultative Conference (CPPCC) hosted a tea party here Monday for widows of deceased political advisors and other notable figures, ahead of Spring Festival.Jia Qinglin, chairman of the CPPCC National Committee, attended the tea party, and Wang Gang, vice chairman of the CPPCC National Committee, made a speech.Jia Qinglin (C, Front), chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), attends a tea party held for the widows of deceased political advisors and other notable figures ahead of the Spring Festival in Beijing, capital of China, Jan. 17, 2011.Wang reviewed the outstanding achievements made over the past year in China's modernization and reforms. He said the memory of those old revolutionaries was especially cherished ahead of the traditional holiday.

BEIJING, Nov. 21 (Xinhua) -- The State Council, China's cabinet, announced Sunday a slew of measures to rein in rising commodity prices to ease the economic pressures on the people.Local governments and departments are required to boost agricultural production and stabilize supply of agricultural products and fertilizer while reducing the cost of agricultural products and ensuring coal, power, oil and gas supplies, the State Council said in a seven-page circular.The cabinet urged local departments to step up vegetable-planting efforts while stabilizing winter vegetable production and strengthening grain and edible-oil production field management to ward off supply shortages.To reduce delivery costs, road tolls for vehicles transporting fresh- and live-farm produce will be forbidden from Dec. 1, the circular said.The cabinet also ordered local authorities to continue to reduce the prices of power, gas and rail-transport for chemical-fertilizer producers while ensuring coal supplies for power generation companies and increasing production of oil -- especially diesel -- to guarantee sufficient supply.Local governments must temporarily disburse subsidies to needy people and increase allowances for poor students and student canteens, the circular added.Local authorities were ordered to establish coordinated social-security mechanisms that promise a gradual rise in basic pensions, unemployment insurance and minimum wages.Local departments were also ordered to adjust prices promptly and to impose temporary price controls on important daily necessities and production materials where necessary.Market monitoring will be intensified to clamp down on hoarding and speculation in major agricultural products, the circular added.Chinese decision makers have made price controls a top priority, as the consumer price index (CPI), the main gauge of inflation, rose to a 25-month high of 4.4 percent in the 12 months to the end of October. The hike was mainly due to a 10.1-percent surge in food prices. Food prices have a one-third weighting in China's CPI calculation.China has been moving to mop up excessive liquidity to combat inflation, with the latest move to target over-liquidity in the banking system.The People's Bank of China, or the central bank, said Friday it would raise capital reserve requirements by 50 basis points for all the banks of the country for the fifth time this year to control credit and liquidity.