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BEIJING, Oct. 12 (Xinhua) -- The central parity rate of the yuan, China's currency Renminbi (RMB), dropped 43 basis points Tuesday to 6.6775 per U.S. dollar, according to the data released by the China Foreign Exchange Trading System.The yuan has picked up its strength against the U.S. dollars and seen increased volatility in the trading days since the People's Bank of China (PBOC), the central bank, announced on June 19 this year to increase exchange rate flexibility.Based on Tuesday's central parity, the Chinese currency has strengthened against the U.S. dollar by 2.19 percent from the rate of 6.8275 per U.S. dollar that was set a day before the PBOC's pledge to increase flexibility.On China's foreign exchange spot market, the yuan can rise or fall 0.5 percent from the central parity rate during trading each day.The PBOC released the yuan's central parity rates against a basket of currencies -- the U.S. dollar, the euro, the Japanese yen, the Hong Kong dollar, the British pound and the Malaysian Ringgit.The yuan's parity rate against the euro was set by the central bank at 9.2574 Tuesday, higher from 9.3215 on Oct. 11, the previous trading day.The yuan's rate against 100 yen was 8.124 Tuesday, compared with 8.1276 on Monday.The yuan's rate against the British pound was 10.6042, compared with 10.6311 on the previous trading day.The central parity of RMB against the U.S. dollar is based on a weighted average of enquired prices from all market makers before the opening of the market in each business day.The central parity of RMB against the other five currencies is based on the central rate of RMB against the U.S. dollar of the same business day as well as the exchange rates of the five currencies against the U.S. dollar at 9 a.m. (0100 GMT) of the same business day in the international foreign exchange market.

BEIJING, Oct. 20 (Xinhua) - China's State Council, or the Cabinet, unveiled a set of guidelines Wednesday, aiming at helping reconstruction work in landslide-hit Zhouqu County in Gansu Province.The guidelines affect taxation, finance, education and employment policies in the region which was devastated by the massive mudslide on Aug. 8.The document clarified that funds for the reconstruction would come primarily from central government subsidies.It said that priority would be given to rebuild damaged residential houses, public services, infrastructure and prevent the spreading of diseases.It specified tax reduction measures for enterprises and individuals who had organized and collected donations, and encouraged banks and financial institutions to increase loans to the mudslide-hit areas.Land required for housing, infrastructure and reconstructing public facilities will be allocated by the local government, according to the document.Local governments or universities have also been directed to financially assist Zhouqu-born college students, while high-school students in the landslide-affected areas have been exempted from paying tuition fees, the document said.A massive mudslide triggered by rainstorms slammed Zhouqu county in northwest China's Gansu Province on Aug. 8, leaving 1,472 dead, 294 missing and more than 15,000 people homeless.

ANKARA, Oct. 18 (Xinhua) -- Chinese and Turkish scholars gathered at a political forum in the Turkish capital of Ankara on Monday to discuss their economic ties, cooperation in the Middle East and coordination within the Group of 20 (G20).Wang Zhongwei, deputy director of China's State Council Information Office which sponsors the forum, said China and Turkey, both G20 members and emerging economies, share interests in such major issues as reforming international financial system and tackling climate change."We should further coordinate and cooperate in those issues. That's in the interests of the two countries' people and benefits regional and world peace and stability," Wang said in an opening speech.Fatih Ceylan, deputy undersecretariat of the Turkish Foreign Ministry, said China and Turkey hold similar views on many regional and international issues and have great potential for better cooperation.As a non-permanent member of the UN Security Council, Turkey has worked together with China very well in issues related to Afghanistan, the Palestinians and Iran, he said.Zhang Yuyan, a scholar with the Chinese Academy of Social Sciences, suggested China and Turkey uphold the principle of " common but differentiated responsibility" on climate change and strive to increase the representation and voice of developing countries in international institutions.Kamer Kasim, vice president of Turkey's International Strategic Research Organization, said it's good for both China and Turkey to increase cooperation in security, energy, tourism and other areas.The forum was a part of a large-scale cultural event termed " Experience China in Turkey", which was held in Ankara and the Turkish city of Istanbul.The event, starting on Sunday and to last till the end of the month, covers nine major activities, including Chinese-Turkish political and economic forums, Chinese movie and television weeks, Chinese cuisine festival and exchanges between journalists and writers.

BEIJING, Aug. 28 (Xinhua) -- China and Japan pledged on Saturday to enhance dialogue and exchanges on climate change, energy conservation and environmental protection.The two countries, meeting in Beijing, agreed to make a combined effort to implement the Joint Statement on Climate Change between China and Japan, said Zhang Ping, chairman of the National Development and Reform Commission (NDRC), during the third China-Japan high-level economic dialogue.The two sides will conduct pragmatic cooperation in the areas of clean development mechanisms, energy-savings, energy efficiency improvement, new energy, renewable energy, clean coal technology, methane recovery and utilization, carbon capture and storage, adaptation to climate change and technology development and transfer, he said. Chinese Vice Premier Wang Qishan (7th L, front) and Japanese Foreign Minister Katsuya Okada (6th L, front) pose for a group photo with attendees during the third China-Japan high-level economic dialogue in Beijing, capital of China, Aug. 28, 2010.On international climate change negotiations, he said the two sides are ready to fulfill their responsibilities and try their best to cope with climate change in line with the principle of "common but differentiated responsibilities ".He said the Cancun climate summit should continue to adhere to the UN Framework Convention on Climate Change (UNFCCC), the Kyoto Protocol and the Bali Road Map, as well as the principle of "common but differentiated responsibilities ".The negotiation process should be in line with the principle of being open and maintaining transparency, broad participation, being party-driven and achieving consensus, he added.China will host UN climate change talks in Tianjin city this October, which reflects the country's constructive attitude on promoting the UN climate negotiation process, he said.China is willing to work with the other sides, including Japan, to contribute to the Cancun conference slated for the end of this year, Zhang said.During the meeting, China and Japan also agreed to hold the fifth China-Japan Energy-saving and Environment Protection Forum in Tokyo this October.Zhang said the two nations had made substantial achievements in energy-saving and environmental protection.China's National Development and Reform Commission and Japan's Ministry of Economy, Trade and Industry have signed many cooperative documents on energy-saving and environmental protection, he said.The two countries have held four energy-saving and environmental protection forums and inked 76 agreements involving cooperation in this area.Both governments support enterprises of the two countries to cooperate on commercial demonstration projects, he said, adding China had sent 300 management personnel to Japan to study energy conservation policies and technology.During the dialogue, the two sides also pledged to cooperate on developing green economies and low-carbon technologies, enhance cooperation between energy-saving centers of both countries and promote commercial demonstration projects on energy-saving and environmental protection.

VICTORIA, Sept. 6 (Xinhua) -- President of Seychelles James Michel on Monday met with chen Zhili, vice chairwoman of the Standing Committee of National People's Congress (NPC), China's top legislature, with both sides pledging to enhance bilateral ties.Seychelles President Michel said the development of the ties between the two countries has scored great achievements and the successful visit by Chinese President Hu Jintao to Seychelles in 2007 has pushed the bilateral ties to a new high.The president thanked China for its support in the past years for the socioeconomic development of Seychelles and expressed the willingness to boost cooperation with China in all sectors.President Michel said his country will continue to stick to the one-China policy and strengthen the cooperation and coordination with China both in the international and regional affairs.For her part, Chen Zhili said China and Seychelles have enjoyed deep and traditional friendship and the two sides have exchanged frequent high-level visits, with political mutual trust deepened, cooperation in the sectors of economy, trade, culture, education, tourism expanded in the past years.Chen said the two sides have also enjoyed close cooperation in the international and regional affairs.She said 2011 will mark the 35th anniversary of the diplomatic ties between China and Seychelles and China is willing to join hands with Seychelles so as to bring the friendly cooperation between the two sides to a new level.Also on Monday, Chen Zhili met with Speaker of Seychelles' National Assembly Patrick Herminie during which she said China's NPC and Seychelles' National Assembly have enjoyed frequent exchanges and close cooperation which has played a positive role in promoting the understanding and friendship between the two peoples and enhancing the mutual cooperation in all fields of the two countries.Chen said China's NPC attaches great importance in developing friendly ties with Seychelles' National Assembly and is willing to strengthen the exchange and coordination between the two legislatures in a bid to further development the ties between the two countries.Herminie believes that the exchanges between the two legislatures will surely add new live to the ties between the two countries.