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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, Sept. 1 (Xinhua) -- A senior Chinese official Wednesday urged local governments to cooperate with the central government in supervision and inspection work.He Guoqiang, a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, made the remarks at a meeting on central inspection work.Head of the country's discipline and supervision work, He asked officials of local governments, especially those at the county level, to cooperate with central government's inspection teams.The CPC Central Commission for Discipline Inspection, the Ministry of Supervision and other central government agencies have sent inspection teams to more than 900 counties around the country since October 2007 when CPC's 17th National Congress was held.The official said the central government's inspection work is very important for anti-corruption efforts at state-run enterprises.He also pledged to send inspection teams to every state-run enterprise every five years.

BEIJING, Sept. 27 (Xinhua) -- Chinese Vice Premier Wang Qishan Monday pledged to work with Cuba to lift the friendly bilateral relationship to a new level.Wang made the remarks while meeting with Ricardo Cabrisas Ruiz, Vice President of the Council of Ministers of Cuba.Cabrisas is in China to celebrate the 50th anniversary of the establishment of diplomatic ties between the two nations.Cuba was the first Latin American nation to forge diplomatic relations with China, in 1960.Wang spoke highly of the development of China-Cuba ties over the past half a century, noting that the two countries have always supported each other and enjoyed frequent high level visits.China will work with Cuba to expand win-win cooperation and strengthen economic and trade links with a view to further advancing bilateral ties, Wang said.Wang said China will continue to help Cuba within its capacity.Cabrisas thanked China for offering economic and technological assistance to his country.He said Cuba will make concerted efforts with China to promote pragmatic cooperation in various sectors while pushing forward the existing sound bilateral relationship.

BEIJING, Sept. 15 (Xinhua) -- China on Wednesday vowed to boost military cooperation with Thailand. China and Thailand had conducted friendly and fruitful cooperation in the political and economic areas, said Chinese Defense Minister Liang Guanglie when meeting with Air Chief Marshal Itthaporn Subhawong, Commander-in-Chief of the Royal Thai Air Force.Liang said relations between the Chinese and Thai armed forces had developed well with frequent high-level visits and expanded cooperation. Chinese Defense Minister Liang Guanglie (R) meets with Air Chief Marshal Itthaporn Subhawong, commander-in-chief of the Royal Thai Air Force, in Beijing, capital of China, Sept. 15, 2010.Itthaporn's visit would certainly help promote the development of China-Thailand relations and military ties, in particular the friendly cooperation between the air forces of the two countries, Liang said.Itthaporn said Thailand was devoted to boosting strategic cooperative relations with China and would like to further strengthen their military exchanges and cooperation.

SHANGHAI, Oct. 24 (Xinhua) -- The number of visitors to the Shanghai World Expo 2010 topped 70 million Sunday, meeting organizers' expectations, according to an announcement on the official Expo website.Total visitor arrivals broke the 70 million mark as of 10:17 a.m. Sunday and by 1:30 p.m. some 572,900 visitors had entered the Expo Park on Sunday, the 177th day since the event started, bringing the total number of visitors to 70.28 million."The news is exciting and it's also encouraging for the organizers," said an official with the Bureau of the Shanghai World Expo Coordination.During the eight years since China successfully won the bid to host the 2010 Expo, Vicente Loscertales, Secretary-General of the International Exposition Bureau (BIE), has been asked again and again what's the value of the World Expo when people can get so much information about countries and trade from the Internet.The Shanghai Expo, the first such global event hosted by a developing country in the history of the World Expo, shows to the world that such an event is still relevant, as the huge number of visitors illustrate."You have achieved new records: a record number of participants, a record number of visitors, and you have built the largest site ever," said Loscertales on Oct. 1."I thought Canada was pretty amazing. Not to mention Italy and France, and you just have to go to Thailand!" "How far is it from Morocco to Monaco exactly?" ... this kind of conversation can be frequently heard at the Expo site.People wait in long queues outside the different pavilions, sometimes for 12 hours, to taste a little bit of the world.Mei Haixing, 59, a retired teacher in Shanghai, has so far visited the Expo 28 times.He has written a 400-page diary including pictures, souvenirs and signatures from the different pavilion curators."The Expo is like a huge museum of the different cultures of the world," he said.Sheng Banghe, sociologist with the Shanghai University of Finance and Economics, said what the Chinese are pursuing is no longer at the material level, but the spiritual."They are not satisfied with their current knowledge and entertainment," said Sheng.Many migrant workers have also visited the Expo.Liu Huafeng, a construction worker in Shanghai from central China's Henan Province said he only found out how wonderful urban life could be after visiting the Expo.Although there is still a long way to go to realize migrant workers like Liu's dream of having a better life in cities, the government has already started to think about the problems of urbanization and is trying to find solutions to them.The Shanghai Expo has enjoyed participants from 246 countries and international organizations. It also set a record for the maximum attendance on a single day on Oct. 16 with 1.03 million people visiting it then.Loscertales said the overwhelming success of Shanghai Expo 2010 will inspire future hosts of the event.Already some countries have showed willingness to host the 2020 World Expo, including Thailand.During the last week of the Expo from Oct. 25 to 31 daily visitor numbers will be limited to 400,000 to 500,000, said Huang Jianzhi, deputy director general of the Bureau of Shanghai World Expo Coordination on Oct. 16.Organizers promised to continue to improve their service to visitors until the last day, and make it a "successful, splendid and unforgettable" Expo.