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BEIJING, Oct. 14 (Xinhua) -- The value of yuan, China's currency Renminbi, hit new high against U.S. dollar Thursday as the central parity rate of the yuan was set at 6.6582 per U.S. dollar, according to the data released by the China Foreign Exchange Trading System.Thursday's central parity rate beat the previous record of 6.6693 on Oct. 13.
TEHRAN, Sept. 28 (Xinhua) -- Li Changchun, a senior official of the Communist Party of China (CPC), on Tuesday visited the Confucius Institute at Tehran University, where he encouraged the Iranian students to constantly improve their Chinese level and become professional translators to make contributions to bilateral relations.Li, a member of the Standing Committee of the CPC Central Committee Political Bureau, told the Iranian students in the institute that he was moved by their strong interest in learning Chinese.While presenting some Chinese culture-experiencing equipment and books to the institute, Li, who is on an official visit to Iran, said he hopes the institute can use these books and equipment to promote its Chinese-teaching capacities.President of Tehran University Farhad Rahbar said the Confucius Institute has been playing a very important role in promoting Chinese teaching in Iran and boosting bilateral cultural cooperation, adding that the university is willing to further boost cultural and educational cooperation between the two countries.Li also watched performances about Chinese martial arts, poetry recitation and Chinese lion dance by the Iranian students in the Confucius Institute.After visiting Confucius Institute at Tehran University, Li went to the site of Metro line 4 in Tehran, which was jointly constructed by Iran and China.Li said the operation of the Metro line 4 is a product of the bilateral economic and trade exchanges, and he hopes that with joint efforts by the two sides the Metro line 4 can be turned into a line of friendship and cooperation between the two sides."I hope more achievements about our cooperation can be acquired in the future," he added.The Confucius Institute, the first in Iran, is co-founded by Yunnan University of China and Tehran University. It was officially opened in Tehran on Jan. 1, 2009.Iran is the last leg of Li's four-nation tour which has taken him to Estonia, Montenegro and Ireland.

BEIJING, Oct. 11 (Xinhua) -- China has kept a "generally stable" coal mine safety record in the first nine months of 2010, as the death toll caused by accidents remained almost flat over the same period last year, Zhao Tiechui, head of the State Administration of Coal Mine Safety (SACMS), said here Monday.From January to September, the nation's coal output reached 2.44 billion tonnes, up 17.2 percent, but accidents dropped 13.2 percent year on year, Zhao said.He did not give any actual numbers of coal mine accidents or deaths caused during period, but said the death ratio per million tons of coal output stood at 0.783 percent, down 13.9 percent over the same period last year.According to the SACMS's last publicized figures, deaths from coal mine accidents totaled 3,215 in China in 2008. In the January-September period of 2009, China recorded 591 fewer deaths from coal mine accidents, down by 23.8 percent from the 2008 level.Gas explosions, floods and fires inside coal mines were frequent occurrences during the first nine months, posing severe safety challenges to China's coal mine production, Zhao said.In a separate report by the State Administration of Work Safety in July this year, workplace accidents left 33,876 people dead in China during the first half of the year.
BRUSSELS, Oct. 6 (Xinhua) -- Chinese Premier Wen Jiabao on Wednesday urged European political and business leaders not to join the "chorus" on pressuring China on the appreciation of the Renminbi, or RMB.China's trade surplus was explained by the specific structures of the economies involved in international trade instead of the exchange rate of the RMB, Wen said at the Sixth China-EU Business Summit here."The (past) appreciations of the RMB did not lead to any changes in the trend (of China recording trade surplus)," Wen said, referring to the fact that China continued to record trade surpluses after it initiated an exchange rate reform in 1994 although the RMB has appreciated by an accumulated 55 percent since then. Chinese Premier Wen Jiabao addresses the 6th China-European Union Business Summit in Brussels, capital of Belgium, Oct. 6, 2010.China also continued to record trade surpluses against the United States after it initiated a second exchange rate reform in 2005 to allow the RMB to appreciate 22 percent against the U.S. dollar since then, Wen said."The trade issue should not be politicized. It is an issue of the (trade) structure," the premier said.Chinese enterprises were still mostly at the lower end of the global industry chain. China has a surplus in commodity trade but deficits in the trade of services. It has surpluses against the United States and the European Union but deficits against South Korea, Japan and the Association of Southeast Asian Nations (ASEAN), Wen said.
BEIJING, Sept. 13 (Xinhua) -- China wishes to bring its cooperation with the World Bank to higher levels, Vice Premier Li Keqiang said here Monday, the 30th anniversary of China's cooperation with the bank."Both sides should seize the new cooperation opportunities as China strives to restructure economy, improve people's livelihood and maintain sustainable development," he said during his meeting with Robert Zoellick, President of the World Bank.China and the World Bank have extensive cooperation in poverty relief and development projects both in China and other countries in the world. The success rate of the bank's projects in China are among the highest in the world, Li said.Chinese Vice Premier Li Keqiang (R) meets with World Bank President Robert Zoellick in Beijing, Sept. 13, 2010."The cooperation between China and the World Bank is fruitful and mutually beneficial," he added.The World Bank wishes to further expand cooperation with China and to introduce China's experience of reform and development to other developing countries, said Robert Zoellick.
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