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HANOI, Oct. 29 (Xinhua) -- Chinese Assistant Foreign Minister Hu Zhengyue accused Japanese representatives here Friday of violating China's sovereignty and territorial integrity through statements to the media during the summit meetings between the Association of Southeast Asian Nations (ASEAN) and its partners.The Japanese side also made untrue statements about the content of a meeting between Chinese and Japanese foreign ministers held earlier in the day, he said.Hu said the Japanese move ruined the atmosphere for leaders from the two sides to conduct talks in the Vietnamese capital.The Japanese side should take full responsibility for any consequence to arise, the Chinese diplomat said.It was known to all that China had always tried to preserve and push forward bilateral relations between China and Japan on the basis of the principles set out in the four political documents signed by the two countries, Hu said.However, the truth was that the diplomatic authority of Japan, in cahoots with other nations, tried to create noises on the issue of the Diaoyu Islands in the East China Sea in the lead-up to the summits between ASEAN and its partners. On top of that, during the summits, the Japanese side frequently made use of media outlets to make statements and comments that violated the sovereignty and territorial integrity of China, Hu said.When meeting with his Japanese counterpart, Seiji Maehara, Chinese Foreign Minister Yang Jiechi set forth China's principled position on the issue concerning the Diaoyu Islands, stressing that the Diaoyu Islands had been an integral part of Chinese territory since ancient times, Hu said.The Japanese side was making untrue statements about the content of the meeting and distorted China's stance in implementing the principled consensus between the two countries on the East China Sea issue, Hu said.
WUHAN, Sept. 8 (Xinhua) -- Chinese Vice Premier Li Keqiang has called on local authorities to "put people first" and give priority to the improvement of people's incomes when forging ahead with the country's ambitious health care reform.To ensure people have an equitable access to basic health care is not only an important task of the health care reform, but an important means to promote social equity, resolve financial difficulties for people, and boost the country's employment, he said during a two-day inspection tour in central China's Hubei Province that began Monday.China has launched a health care reform to last from 2009 to 2011. Under the 850 billion yuan (125 billion U.S. dollars) plan, the government promised universal access to basic health insurance, the introduction of an essential drug system, improved primary health care facilities, equitable access to basic public health services and a pilot reform of state-run hospitals.Efforts would be made to comprehensively strengthen basic public services, build a safety net for residents to make sure they have basic living expenses, accelerate the reform of the income distribution system, and increase the income of low-income groups in order to ensure the benefits of China's reform and development are shared by all people, he said.8 In a tour to Dongshan Village of E'zhou City, the vice premier stressed the importance of innovation in the local development mode, the improvement of farmers' incomes and social development in rural areas.When visiting a community health care service station, Li called on medical staff to improve their professional competence and expand the scope of their service for the people.

BEIJING, Oct. 8 (Xinhua) -- The central parity rate of the yuan, China's currency Renminbi (RMB), jumped 181 basis points, or 0.27 percent, Friday to a new record high at 6.6830 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 6.6936 on Sept. 29.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 2.12 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 9.2951 Friday, higher from 9.1329 on Sept. 30, the last trading day.The yuan's rate against 100 yen was 8.1040 Friday, compared with 7.9999 on Sept. 30.The Chinese currency fell 61 basis points against the British pound with the central parity rate being set at 10.6079 from 10.6018 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. 16 (Xinhua) - China's gross domestic product (GDP) will grow about 9 percent next year, but the economy will be challenged by rising labor costs, liquidity problems and difficulty in sustaining rapid growth in the long run, a senior researcher at the country's top think-tank said Saturday.Liu Shijin, deputy director of the Development Research Center of the State Council, or China's Cabinet, spoke at the OTO Fortune Forum held by the Bank of Communications.As for the year 2010, Liu predicted an annual 10-percent GDP growth due to the economic slowdown in China during the second half of the year.He said China's exports and investments would be much better in 2011 than this year, but the growth rate of consumption would pull back slightly from this year's boom, making 9 percent growth "very likely".To keep its economy on track for sustained growth, however, China still faces three major challenges in the long term, according to Liu's research."The first challenge comes from the rapid rise of labor costs in the country," Liu said, warning: "The competitiveness of Chinese companies will be threatened by rising labor costs unless they find a new source of growth, such as innovation."The second challenge is from liquidity as China's currency, the renminbi, and other non-U.S. dollar currencies are under forced appreciation pressure following the Federal Reserve's considering a new round of quantitative easing of the monetary policy, he said.The greenback, which serves as the world's reserve currency, tumbled against most major currencies this week on expected easing move by the Federal Reserve to pump more money into the U.S. economy next month.Meanwhile, China's economic stimulus package also injected excessive liquidity into the market, pushing up prices of commodities, equities and other land-related assets or resources, he added.The third major challenge concerns whether China can maintain its quick economic expansion in the future, he said.According to Liu's forecast, in the next three to five years China's GDP growth will slow to a moderate speed of around 7 percent from its current 10 percent."Actually, we don't have to be too worried about an economy with moderate expansion," he said, "because the current economic growth is too high for China."
STOCKHOLM, Sept. 15 (Xinhua) -- Iceland's President Olafur Ragnar Grimsson Wednesday said that Iceland's government and people sincerely appreciate China's precious support to Iceland in dealing with financial crisis and treat China as a trustworthy friend and important cooperation partner, according to a report reaching here from Reykjavik."Iceland is willing to strengthen cooperation with China in various fields including geothermal energy, earthquake monitoring, culture and tourism. Iceland will take the 40th anniversary of Iceland-China diplomatic relations as an opportunity to promote bilateral relations to a new stage," Grimsson said in a meeting with Liu Qi, a high-ranking Chinese party official.Liu, a member of the Political Bureau of the Communist Party of China (CPC) Central Committee and secretary of the Beijing Municipal Committee of the CPC, arrived in Iceland on Monday after his three-day visit to Sweden.Liu said that with the close and frequent high level mutual visits in recent years, political trust between the two sides has been strengthened."The two sides have had fruitful mutually beneficial cooperation in financial, fishery, geothermal energy and hydropower fields and conducted active educational, scientific and technological and cultural exchanges. The two countries have communicated and coordinated very well in international affairs," Liu said.Liu believed that there will be broad prospect for the two sides to cooperate in trade, cultural and new energy areas."China has attached great importance to Sino-Icelandic relations and is willing to further expand exchanges and cooperation with Iceland in various fields to promote bilateral friendly relations to a new level," Liu stressed.During his visit in Iceland, Liu also met Iceland's Minister for Foreign Affairs and External Trade Ossur Skarphedinsson and Mayor of Reykjavik Jon Gnarr. He also inspected a geothermal power station and a high-tech enterprise.Liu left Iceland on Wednesday night for Holland and he will visit Switzerland after his tour in the Netherlands.
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