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BEIJING, June 19 (Xinhua) -- The People's Bank of China, China's central bank, has decided to proceed further with the reform of the Renminbi exchange rate regime to enhance the RMB exchange rate flexibility, a spokesperson of the central bank said Saturday.The decision was made in view of the recent economic situation and financial market developments at home and abroad, and the balance of payments (BOP) situation in China, the spokesperson said in a statement.In further proceeding with the reform, continued emphasis would be placed to reflecting market supply and demand with reference to a basket of currencies. The exchange rate floating bands will remain the same as previously announced in the inter-bank foreign exchange market, the spokesman said.The spokesperson said China's external trade is becoming more balanced. The ratio of current account surplus to GDP, after a notable reduction in 2009, has been declining since the beginning of 2010."With the BOP account moving closer to equilibrium, the basis for large-scale appreciation of the RMB exchange rate does not exist," the spokesperson said.The PBOC will further enable market to play a fundamental role in resource allocation, promote a more balanced BOP account, maintain the RMB exchange rate basically stable at an adaptive and equilibrium level, and achieve the macroeconomic and financial stability in China, the spokesperson said.China has moved into a managed floating exchange rate regime based on market supply and demand with reference of a basket of currencies since July 1, 2005.The spokesperson said the reform of the RMB exchange rate regime has been making steady progress since 2005, producing the anticipated results and playing a positive role.With the current round of international financial crisis was at its worst, the exchange rate of a number of sovereign currencies to the U.S. dollar depreciated by varying margins."The stability of the RMB exchange rate has played an important role in mitigating the crisis' impact, contributing significantly to Asian and global recovery, and demonstrating China's efforts in promoting global rebalancing," the spokesperson said.The gradual recovery of the global economy and upturn of the Chinese economy has become more solid with enhanced economic stability. It is desirable to proceed further with reform of the RMB exchange rate regime and increase the RMB exchange rate flexibility, said the spokesperson.

BEIJING, July 11 (Xinhua) -- Li Changchun, a senior leader of the Communist Party of China (CPC), on Sunday night called for more quality shows from private arts troupes to contribute to the development and the prospering of the country's socialist culture.Li, a member of the Standing Committee of the Political Bureau of the CPC Central Committee, made the remarks after watching a Shaoxing opera that ended the three-week show season by China's private arts troupes in Beijing.Shaoxing opera is a traditional Chinese local opera originating in east China's Zhejiang Province.Li stressed that privately-owned arts troupes can survive only when their plays satisfy the market and the public.He said he hoped private arts troupes would produce more competitive shows with a positive and healthy theme and grow stronger by winning public support.Private arts troupes must be treated equally in terms of professional evaluation, social security coverage and support of artistic creation as are those state-owned cultural companies, he said.

BEIJING, June 13 (Xinhua) -- China's Ministry of Commerce advised representatives from China's companies to hold off traveling to southern Kyrgyzstan for investment and trade as the deadly ethnic clashes there have killed at least 82 people and wounded 1,000 as of Saturday.The ministry suggested Chinese people and Chinese-funded companies in Kyrgyzstan monitor developments and take precautionary measures against personal injuries and property losses, the ministry said in a statement posted on its website.Kyrgyzstan's interim government has declared a state of emergency and a 24-hour curfew in the southern city of Osh, where riots erupted on Thursday when quarrels between ethnic Kyrgyz and Uzbek escalated into running street battles.

ZHOUQU, Gansu, Aug. 11 (Xinhua) -- Rescuers were busy searching a possible survivor in a damaged building Wednesday night after they were told cries for help were heard from the building in a mudslide-hit town in northwest China.Zhang Guiquan, an army officer, told Xinhua some residents of Zhouqu County of Gansu Province heard cries from the partially-collapsed building near the Bailong River that overflowed after being blocked by mudslides.About 40 soldiers braving heavy rains and potential mudslides were detecting signs of life near the building after receiving the report from the residents, Zhang said.Hopes of finding any survivors faded as the thunderstorms battered the county seat of Zhouqu Wednesday night, nearly four days after the mudslides hit the town, leaving 1,117 people dead and 627 missing.