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BEIJING, July 12 (Xinhua) -- The central parity rate of the yuan, China's currency Renminbi (RMB), stood at 6.7718 per U.S. dollar Monday, a new record high, according to the data released by the China Foreign Exchange Trading System.China's central bank announced on June 19 that it would further the reform of the formation mechanism of the yuan exchange rate to improve its flexibility.

BEIJING, July 10 (Xinhua) -- China's trade surplus fell by 42.5 percent in the first six months this year from a year earlier to 55.3 billion U.S. dollars, the General Administration of Customs (GAC) said Saturday.In the first half of 2010, exports rose 35.2 percent to 705.09 billion dollars while imports were up 52.7 percent to 649.79 billion dollars, the GAC said in a statement posted on its official website.China's foreign trade in the first half totaled 1.35 trillion dollars, a year-on-year increase of 43.1 percent, after the country saw its June exports and total trade both reach record highs, the GAC said.In June, exports were up 43.9 percent to 137.4 billion dollars while imports were 117.37 billion dollars, up 34.1 percent year on year, resulting in a total trade value of 254.77 billion dollars, the GAC said.The June exports increased 4.3 percent from May and the imports were 4.6 percent higher from the last month, according to the statement.However, the pace of growth in exports and imports were both slower than in May when exports surged 48.5 percent and imports jumped 48.3 percent from a year earlier.Bi Jiyao, a senior researcher with the research institute under the National Development and Reform Commission, said the strong figures partly stemmed from the low comparison base last year.In the first half of 2009, China posted a 23.5-percent decline in total trade, with exports and imports down 21.8 percent and 25.4 percent respectively, according to the GAC data.More importantly, the strong performance of China's trade was attributable to the recovery of the world economy and China's deepening economic ties with other emerging markets, said Bi.Trade between China and the European Union rose 37.2 percent in the first half of this year to 219.42 billion dollars from the previous year, while trade with the United States grew by 30.2 percent to 171.99 billion dollars, the GAC said.China's trade with Japan also saw rapid growth, hitting 136.55 billion dollars, up 37 percent from a year earlier, and Japan became China's third largest trade partner as a result, the GAC data showed.China also saw booming trade with many emerging markets in the first six months this year.Trade between China and the Association of Southeast Asian Nations (ASEAN) climbed by 54.7 percent to 136.49 billion dollars, and China-Brazil trade jumped 60.3 percent to 26.39 billion dollars, said the GAC statement.Besides sound growth, China's trade pattern was also becoming more balanced with the gap between imports and exports narrowing, Bi said.In the first half this year, China's trade surplus shrank by 42.5 percent from the same period last year, after it recorded a surplus of 196.1 billion dollars in 2009, down 34.2 percent from 2008.Bi Jiyao said China's export growth would not be able to maintain such a high rate of growth as the comparison base was very low for the first half in 2009 when the world economy was struggling amid the financial crisis.Echoing Bi, Zhang Xiaoji, a senior researcher with the Development Research Center of the State Council, anticipated China's trade surplus this year would be reduced by 20 billion dollars from the 2009 level.From January to June this year, China recorded a trade deficit of 26.33 billion dollars with Japan, as imports from Japan rose 46.3 percent, compared with a 25.2-percent exports growth, and the deficit grew by 130 percent from the same period last year, the GAC said.China's trade deficit with Brazil stood at 5.75 billion dollars, and its deficit with the ASEAN countries widened to 7.29 billion dollars, compared with 600 million dollars registered for the whole year of 2009.China's imports were growing faster than exports, indicating that China's stable economic development was helping the world economy to recover while many countries were resorting to exports growth as a major tool to achieve economic recovery, Zhang Xiaoji said.

BEIJING, July 20 (Xinhua) -- Senior Chinese official Li Changchun on Tuesday called for stepped-up efforts to push forward China's cultural development and prosperity here in Beijing.Li, a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, made the remarks while visiting an exhibition held in honor of deceased Chinese painter Wu Guanzhong.Wu is widely recognized as the father of modern Chinese painting. He died on June 25 at age 91.Li Changchun (R, front), a member of the Standing Committee of the Political Bureau of the Central Committee of the Communist Party of China, visits a special exhibition to commemorate late Chinese artist Wu Guanzhong at the National Art Museum of China in Beijing, July 20, 2010. Wu, a master of Chinese painting, passed away in Beijing at the age of 91 on June 25.Commending Wu for his great contributions to China's cultural, artistic and educational development, Li Changchun called on artists across the country to bear in mind their social responsibilities, hone their artistic skills, and create excellence in art.He also urged CPC and government departments at all levels to assure preferential policies are in place to support artists while nurturing high-quality talents in order to fully mobilize artistic workers and create a favorable environment for the country's artistic development.

BEIJING, June 12 (Xinhua) -- China's Health Ministry on Saturday called for heightened measures against the possible spread of bird flu virus after a woman in central China died from the disease on June 3.The ministry urged health authorities at all levels to increase prevention and control measures on respiratory diseases as the country's southern areas are entering into the peak flu season.Health authorities at all levels, especially in Shanghai and Guangzhou, host cities respectively for the 2010 World Expo and the Asian Games, were asked to formulate emergency plans to cope with the possible spread of the disease, according to a notice posted on the ministry website.Health authorities at all levels should report and respond quickly to unidentifiable pneumonia, it said, adding they should also prepare medical equipment and pharmaceuticals to cope with possible outbreaks of respiratory diseases, such as bird flu.Health authorities in Shanghai, Guangzhou, quake-hit Yushu in Qinghai Province and southern provinces plagued by floods were also asked to coordinate the assistance of experts to take effective measures on disease prevention and control.

MUMBAI, July 9 (Xinhua) -- Chinese telecom device vendors expressed their anxiety and confusion while waiting for the release of official telecom security norms with Indian government to re-gain access to the emerging market, according sources from Chinese telecom gear makers."We're now in a position of waiting and perplexity and keep active change of ideas with India telecom operators and governmental departments with the hope of swift resolution of delayed orders," said a source with China-based telecom device producer ZET Corporation on Thursday.Chinese telecom gear manufactures are worried to get a lower hand in competition with western rivals if Indian government couldn't allow their access in the first around of 3G telecom device purchase.Indian telecom operators are expected to roll out their 3G services prior to September with the auction of 3G spectrum ended on May 19."The documents on Indian telecom security norms have swelled from several pages to more than 40 pages in the process of negotiation among stakeholders,"said an official with Huawei Technologies.It's reported earlier that Indian high-level officials have allowed the access of Chinese telecom gear vendors if they obtain certificate from the third-party organization in addition to about 11 million U.S. dollars of deposit by Indian telecom operators with the government.