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PYONGYANG, Oct. 9 (Xinhua) -- Kim Jong Il, top leader of the Democratic People's Republic of Korea (DPRK), and a senior Chinese Communist Party official attended the mass gymnastic and artistic performance, "Arirang", here Saturday night.In a meeting with Zhou Yongkang, a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, before the performance, Kim thanked Zhou for congratulatory messages sent by Hu Jintao, general secretary of the CPC Central Committee, over the delegate conference of the Workers' Party of Korea (WPK) and the 65th anniversary of the WPK.Zhou arrived here Saturday morning for a three-day official goodwill visit to further cement the countries' traditional friendly ties.
BEIJING, Oct. 15 (Xinhua) -- The value of yuan, China's currency Renminbi, strengthened for a third consecutive day against U.S. dollar Friday as the central parity rate of the yuan was set at 6.6497 per U.S. dollar, according to the data released by the China Foreign Exchange Trading System.Friday's central parity rate beat the previous record of 6.6582 on Oct. 14.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 Friday's central parity, the Chinese currency has strengthened against the U.S. dollar by about 2.65 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 9.3259 Friday, higher from 9.3491 on Oct. 14, the previous trading day.The yuan's rate against 100 yen was 8.1531 Friday, compared with 8.1611on Thursday.The yuan's rate against the British pound was 10.6305, compared with 10.6192 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.

XI'AN, Oct. 29 (Xinhua) -- Chinese Vice Premier Li Keqiang on Friday called for more efforts to be made to accelerate the transformation of China's economic growth pattern and achieve "sound and fast" development in the country's central and western regions.He made the remarks in Xi'an, capital of northwestern China's Shaanxi Province, at a work meeting held by the central and western regions for the formulating of the 12th Five-Year Program (2011-2015) guideline (draft).Officials from the central and western regions introduced their development plans for the next five years and put forward their suggestions for the country's next five-year program.Li said China's efforts to expand domestic demand should be based on further opening-up as China had a huge population and a large geographical area.Further, the central and western regions boasted remarkable markets, rich resources and huge growth potential, he said.Boosting growth in both regions was a key task in accelerating the economic growth mode as it could balance regional economic development and help the people of various ethnic groups lead a better life, Li said.China on Wednesday publicized the full text of the Communist Party of China Central Committee's Proposal for Formulating the 12th Five-year Program (2011-2015) for China's Economic and Social Development, which was adopted at the Fifth Plenum of the 17th CPC Central Committee that ended Oct. 18.
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, Oct. 23 (Xinhua) -- China's Ministry of Finance (MOF) announced Friday it would sell 28 billion yuan (4.2 billion U.S. dollars) of book-entry discount treasury bonds from next Monday.The bonds would be sold at a discount and mature at face value, said the ministry in a statement on its website.With a term of 91 days, the issue price of the discount bonds would be 99.542 yuan, said the statement.The bonds will be sold from Oct. 25 to 27 and become tradable on inter-bank and securities bond markets on Oct. 29.The issue is the 14th batch of its kind this year.
来源:资阳报