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BEIJING, Oct. 13 (Xinhua) -- The value of yuan, China's currency Renminbi, hit new high against U.S. dollar Wednesday as the central parity rate of the yuan was set at 6.6693 per U.S. dollar, according to the data released by the China Foreign Exchange Trading System.Wednesday's central parity rate beat the previous record of 6.6732 on Oct. 11.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 Wednesday's central parity, the Chinese currency has strengthened against the U.S. dollar by about 2.32 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 9.294 Wednesday, lower from 9.2574 on Oct. 12, the previous trading day.The yuan's rate against 100 yen was 8.1477 Wednesday, compared with 8.124 on Tuesday.

BEIJING, Oct. 15 (Xinhua) -- Foreign direct investment (FDI) in China in September rose 6.14 percent year on year, compared with a growth rate of just 1.38 percent in August.China received 8.384 billion U.S. dollars in FDI last month, compared with 7.602 billion U.S. dollars in August, the Ministry of Commerce (MOC) said Friday.The September figure brought the total amount for the first nine months to 74.34 billion U.S. dollars, MOC spokesman Yao Jian said.

BEIJING, Nov. 1 (Xinhua) -- China launched an association on Monday to evaluate the quality of the nation's higher education."The association, as a non-government organization, is designed to evaluate and supervise the quality of higher education," said Lin Huiqing, an official with the Ministry of Education, at the launching ceremony held in Beijing.The association is composed of over 200 educational institutions as members, including the Higher Education Evaluation Center of the Ministry of Education, Shanghai Educational Evaluation Institute, Peking University, Beijing Normal University, and others.China's higher education has been blamed for a decline in quality since 1999 when the government started to expand college enrollment."Therefore, we should establish a nation-wide network to evaluate the teaching methods, development of each discipline and curriculum designs of each school," Lin said.According to Ji Ping, a senior official in charge of the evaluation of educational quality with the Ministry of Education, China started to implement higher education quality evaluations in the 1980s, and decided to carry out evaluation once every five years since 2003."It is time for us to start a new round of higher education evaluations," Ji said, noting that the priority of China's higher education is to improve its quality."We have required the local schools to make regular evaluations themselves, and invite experts to carry out independent assessments," Ji said.

BEIJING, Sept. 22 (Xinhua) -- "It seems that the world suddenly fell silent when the traditionally noisy Mid-Autumn Festival coincided with Car-Free Day," said "ice14" on the microblog at sina.com.cn.On Wednesday, China celebrated the Mid-Autumn Festival, as well as China's fourth Car-Free Day, as citizens in 110 cities were encouraged to leave their cars and travel by public transportations, bicycles, or on foot.In cities like Beijing, Guangzhou, and Changsha, temporary Car-Free Zones which limit the driving of private cars were set up.Due to the campaign, many citizens chose to give up driving cars and, instead, use low-carbon means of travel."I decided to cycle around on this holiday with my boyfriend after learning that it's Car-Free Day today," said Li Yang, a resident of Jinan in east China's Shandong province.In Hangzhou, the scenic capital of Zhejiang province, 51,500 bicycles were placed at 2,050 rental points to encourage residents to travel by bicycle, said Tao Xuejun, vice general manager of the Municipal Public Bicycle Service Company.The municipal transport offices in Zhengzhou City and Kunming City also made special arrangements to support the campaign, including increasing the frequency of buses, adding bus routes, offering discounted tickets and limiting the use of government vehicles. However, the situations differ in other cities, and not all citizens are satisfied with the arrangements of the local authorities."Why are there still large traffic jams?" wrote "Yuerrachel", a sina microbloger under a photo showing blocked roads. "It is more of a show", said "Fengjiechuanqi" in a microblog at Sina.com.cn."It seems no big difference from the daily situation here. Only a few people are willing to give up driving cars," said Cui Rongrong, an economic analyst working in Shandong.Other netizens also accused the Car-Free policy of becoming an obstacle to normal transport."Due to the establishment of the Car-Free Zone on major roads, the private cars which have to go other ways blocked roads outside the zone," said a microblog of "Momingqimiaode" on Sina.com.cn.Actually, the rapid increase in the number of private cars has caused a heavy burden in China's cities. Days before the festival, many cities around the country had witnessed serious traffic jams.Last Friday evening, 140 traffic jams occurred in Beijing due to the heavy rainfall and holiday traffic before the Mid-Autumn Festival. In the city of Changsha, more than 1,000 kilometers from Beijing, the roads were reported to have turned into huge parking lots during the past two evenings."It took me half an hour to go downtown yesterday, three times the time it usually takes," said Cui in Shandong.Though the influence of the Car-Free campaign is limited, optimistic opinions about it were voiced."It is still helpful for increasing the public's sense of protecting the environment," said "lilili8565731" at Tieba.Baidu.com."I think the authorities should make more efforts to improve the public transit services with the residences' needs in mind, instead of putting on a show once a year on Car-Free Day," wrote "niuniuniuniu" at Tieba.baidu.com.Car-Free Day was originated in France in 1998 when citizens in 35 French cities decided to stop driving cars on Sept. 22 of each year. Since then, people around the world have begun to celebrate environmentally friendly transportation every year.

YUZHOU, Henan, Oct. 18 (Xinhua) -- The death toll from a coal mine gas leak in central China's Henan Province has risen to 32 after six more bodies were found, rescuers said Monday.Some 300 rescuers are still racing against the time to search the five miners remaining trapped despite slim chances of survival as they were feared buried in coal dust.More than 2,500 tonnes of coal dust smothered the pit after the gas leak, which hampered the rescue, said Du Bo, deputy chief of the rescue headquarters.The rescue efforts, however, are speeding up after the underground transport, power and ventilation systems have been restored, said Du.The gas outburst happened at 6:03 a.m. Saturday when 276 miners were working underground in the mine in Yuzhou City. A total of 239 workers escaped but 21 were found dead and 16 were trapped.An initial investigation showed that 173,500 cubic meters of gas leaked out in the accident.The mine is owned by Pingyu Coal & Electric Co. Ltd., a company jointly established by four investors, including Zhong Ping Energy Chemical Group and China Power Investment Corp..