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WASHINGTON, June 19 (Xinhua) -- The International Monetary Fund's chief Dominique Strauss-Kahn on Saturday welcomed China's decision to further reform its exchange rate mechanism and said that the move will benefit Chinese consumers.China's announcement is "a very welcomed development," Strauss-Kahn said in a statement.The move "will help increase Chinese household income and provide the incentives necessary to reorient investment toward industries that serve the Chinese consumer," he said.The People's Bank of China, China's central bank, earlier on Saturday announced a decision to proceed further with the reform of the exchange rate regime to enhance the flexibility of the RMB's exchange rate.
ASTANA, June 11 (Xinhua) -- Chinese President Hu Jintao arrived here Friday evening for a two-day state visit to Kazakhstan.Hu said in a statement released upon arrival at the airport that, with the effort of both sides, his visit would be a total success and help advance the strategic partnership between China and Kazakhstan to a new stage.During the visit, Hu will hold talks with his Kazakh counterpart Nursultan Nazarbayev and meet with parliament and government leaders.The two sides will outline the future development of bilateral links. They will decide on the key tasks and areas of bilateral cooperation in the next stage and exchange views on major international and regional issues of common concern. Chinese President Hu Jintao (R Front) shakes hands with Kazakh Prime Minister Karim Masimov upon his arrival in Astana for a state visit to Kazakhstan, on June 11, 2010.During Hu's visit, the two sides will sign a number of agreements on trade and economic cooperation.In recent years, the China-Kazakhstan strategic partnership has developed rapidly as frequent high-level exchanges helped deepen political mutual trust.Hu said in the statement that China and Kazakhstan shared a long history of friendly relations at both government and grassroots levels.He said, since the two countries established diplomatic links 18 years ago, bilateral relations had maintained a momentum of vigorous growth. Bilateral cooperation in the areas of politics, economy, trade, energy, security and culture had been fruitful.Hu said the two countries stood firm in reciprocal support on major and sensitive issues of each other's concern, adding the two sides had cooperated closely within multilateral frameworks such as the United Nations, the Shanghai Cooperation Organization (SCO) and the Conference on Interaction and Confidence-Building Measures in Asia.Hu said the cooperation had brought about substantial benefits to the people of both countries and played a positive role in promoting regional peace, stability and development.Hu was greeted at the airport by Kazakh Prime Minister Karim Masimov and other government officials.Before arriving in Astana, Hu paid a state visit to Uzbekistan and attended an annual SCO summit in Tashkent.Kazakhstan is the final leg of Hu's two-nation Central Asia trip. He returns home Saturday.

PARIS, June 22 (Xinhua) -- The Paris-based Organization of Economic Cooperation and Development (OECD) on Tuesday welcomed China's announcement of increasing the exchange rate flexibility of its currency yuan.The move was helpful not only to China's sustainable growth but also the world economy, OECD Secretary-General Angel Gurria said."A combination of sustained fiscal expansion, continued structural reform and exchange rate flexibility, should provide a strong contribution from China to the achievement of a strong, sustained, and balanced growth of the world economy," Gurria said in a statement.Richard Herd, an economist heading the OECD's China and Asia Unit, said it was impossible to achieve yuan appreciation over one night."The policy is not a political gesture; the policy is a sound economics-based effort," Herd said in an interview with Xinhua, rebutting reports interpreting the statement as just lip service.China's central bank announced over the weekend it would push forward reform of the yuan exchange rate and ruled out a one-off revaluation.
XIAMEN, June 20 (Xinhua) -- Top political advisor Jia Qinglin has urged China's southeastern Fujian Province, which faces Taiwan, to contribute more in promoting the peaceful development of cross-Strait relations."The relations between the mainland and Taiwan are currently at a crucial stage with many opportunities. Fujian should make full use of its advantages and work hard to boost cross-Strait exchanges and cooperation in terms of scope and scale," he said during a two-day inspection that ended Sunday in the region's city of Xiamen.Jia called on the province to implement more favorable policies to attract investment from Taiwan companies and strengthen economic ties between Fujian and the island.Jia Qinglin (C), chairman of the National Committee of the Chinese People's Political Consultative Conference, talks with workers of a Taiwan-invested enterprise in Xiamen, southeast China's Fujian Province, June 20, 2010.During a visit to the Xiamen branch of a Taiwan technology company, Jia stressed that Taiwan companies on the mainland should respect and care for their workers.p "Workers' living and working conditions should be improved and their legal rights should be ensured," he said, adding that Taiwan companies should have confidence in investing in the mainland in order to achieve fast and sound development.In addition, as Fujian entered the flood season in late April, Jia urged the province to provide the highest priority to local people's safety and strive to reduce damages from disasters.As of Sunday morning, mud flows and floods triggered by intense rainstorms that began in mid-June have left 132 people dead and 86 missing in south China's nine provinces and regions including Fujian, according to the Office of State Flood Control and Drought Relief Headquarters.
CHENGDU, Aug. 22 (Xinhua) -- Rescuers Sunday reopened a key road leading to a mudslide-hit county in southwest China's Sichuan Province, which local officials called an important step in speeding up relief and rescue efforts.Traffic resumed on National Highway 213, linking the provincial capital Chengdu to Wenchuan County, on Sunday afternoon after emergency crews worked for nine days to clear the mudslide sludge and debris on the highway.On August 13, mudslides struck parts of Wenchuan, cutting a section of the highway after torrential downpours pelted the Tibetan and Qiang Autonomous Prefecture of Aba.At least 15 people have been killed and 31 remain missing, according to the latest available government figures.Wenchuan was the epicenter of the 8.0-magnitude earthquake that jolted Sichuan and neighboring provinces in May 2008. The quake left some 87,000 people dead or missing.Heavy precipitation is particularly dangerous in terrains once shaken by earthquakes, which then become more vulnerable to geological disasters, said Hao Liping, the head of the provincial meteorological bureau.
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