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BEIJING, Oct. 11 (Xinhua) -- The value of yuan, China's currency Renminbi, hit new high against U.S. dollar Monday as the central parity rate of the yuan was set at 6.6732 per U.S. dollar, according to the data released by the China Foreign Exchange Trading System.Monday's central parity rate beat the previous record of 6.6830 on Oct. 8.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 Monday's central parity, the Chinese currency has strengthened against the U.S. dollar by about 2.26 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.China would continue reform of the formation mechanism of its currency exchange rate to improve its flexibility, but will do so in a gradual way, Zhou Xiaochuan, Governor of the People's Bank of China, China's central bank, said in Washington on Sunday.
BEIJING, Sept. 19 (Xinhua) -- An outraged Chinese public has been flooding the Internet with its intense displeasure and protests over Japan's illegal detention of a Chinese trawler and its crew in the past few days.Japan detained Chinese captain Zhan Qixiong and his fellow crew of 14 members on September 7 after the trawler they were abroad collided with two Japanese coast guard patrol vessels near the Diaoyu Islands in the East China Sea.The crewmembers and the boat returned to China on September 13, but Japan extended the illegal detention of Zhan by 10 days on Sunday.Since the incident, "Diaoyu Islands" and "Zhan Qixiong" have become the most searched terms in China's Internet community, the world's largest online community with more than four billion Internet users.Also, Internet bulletin boards on several major Chinese news portals have been overwhelmed with tens of thousands of messages saying that the Diaoyu Islands have always been an integral part of China and it's within the rights of Chinese fishermen to fish in the waters around the islands.Above all, these messages call for Japan to immediately and unconditionally release Zhan."The seizure of our trawler and captain causes an enormous damage to the Chinese people. I strongly demand that Japan return the seized trawler and apologize," said a netizen on Sohu.com, who goes by the name of "1996."On Sunday, China's Foreign Ministry said that China's relations with Japan were being severely damaged by Japan's decision to prolong Zhan's detention, warning that China would take "strong counter measures" if Japan did not release him."We demand the Japanese side immediately release the Chinese captain unconditionally," said Foreign Ministry spokesman Ma Zhaoxu."China will take strong counter measures if the Japanese side clings obstinately to its own course and double its mistakes, and Japan shall bear all the consequences," Ma said in a press statement.China has already suspended bilateral exchanges at and above the provincial or ministerial levels, halted contact with Japan on the issues of increasing civil flights and expanding aviation rights between the two countries, and the number of Chinese tourists to Japan has already plunged, according to the ministry.Wang Hanling, a maritime law expert with the Chinese Academy of Social Sciences, told Xinhua, "Japan's forceful so-called law enforcement in the waters off the Diaoyu Islands were in defiance of the principles of international law as well as Chinese law, which showed that Japan allowed no delay in asserting so-called 'sovereignty' in the area.""It also showed that Japanese politicians were short-sighted in considering Sino-Japanese relations," Wang added.Zhou Jincheng, a student from China Youth University for Political Sciences, said that Japan should not cling obstinately to its own course, or it would only arouse more anger from the Chinese people.At Capitan Zhan's coastal hometown of Xiaozha in southeast China's Fujian Province, his family and fellow fishermen are expecting his release.Recalling his six days and five nights under Japanese detention, Kang Chunming, a member of Zhan's crew, told Xinhua he was "very worried about the captain's safety and well-being."Kang said after Japanese authorities seized their boat, while living on the boat they had to sleep sitting up and many of them had become ill because of unclean drinking water.Besides, the Japanese took them off the boat for interrogations on a daily basis and, on some occasions, only sent them back in the small hours.Since Zhan was seized, a lot has changed in his family.His grandmother died from shock upon learning of the detention, his outgoing son, 13, has become exceptionally sensitive and silent, and his wife's call for her husband's release has grown increasingly stronger with the traditional moon festival, a time for family reunion, only two days away."It has been so many days, why don't they release him? How can his grandmother rest in peace?" Zhan's wife, Chen Tingting, told Xinhua in their simple house, which makes the portrait of Zhan's deceased grandmother more prominent.
BEIJING, Oct. 30 (Xinhua) -- China's primary energy consumption will be kept to between 4 to 4.2 billion tonnes of standard coal by 2015, Jiang Bing, director of the development and planning department of the National Energy Administration (NEA), said on Saturday.Jiang made the remarks at a forum held by the energy research institute of the State Grid Corporation of China.Primary energy refers to existing natural energy which does not need processing, such as fossil fuels, nuclear fuels, biomass energy, hydropower, wind power, solar power and others.As China has adopted a low-carbon development strategy, the country plans to raise the non-fossil energies ratio in its total primary energy consumption to 15 percent by 2020, and carbon dioxide emissions per GDP would be reduced by 40 to 45 percent by 2020 from 2005 levels, Jiang said.Thus, primary energy consumption must be kept to below 4.2 billion tonnes in the next five-year plan (2011-2015) to achieve the two targets, Jiang said.China's per capita energy consumption now stands at 2.5 tonnes standard coal per capita and, if left uncontrolled, China might see its energy consumption top 7 billion tonnes of standard coal in 2030, Jiang said.However, he explained that despite the huge total amounts, the per capita energy consumption would only be equivalent to current levels in Japan.Thus, the nation's economic growth mode transformation is quite necessary and it would be a strategic choice for China to control its total energy consumption in the 15 years, Jiang said.China's primary energy consumption topped 3.07 billion tonnes of standard coal in 2009, up 30 percent from 2005, according to the NEA.
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, Sept. 6 (Xinhua) -- China will unswervingly promote the policy of reform and opening up, while creating sound environment for foreign companies operating in China, Vice Premier Wang Qishan told senior U.S. officials Monday.Wang exchanged views on China-U.S. ties and economic and trade cooperation with Lawrence Summers, head of U.S. President Barack Obama's National Economic Council, and Deputy National Security Adviser Tom Donilon, in a meeting in Beijing.Wang said the two countries should bolster cooperation in areas such as economy and trade, investment, finance, new energy and infrastructure upgrading, as their economies are interdependent and complimentary to each other.China is ready to work with the United States to well implement consensus reached by state leaders of the two countries, for sustainable, healthy and steady development of bilateral ties, he said.Wang said the international community should enhance cooperation because the world economy, though on the way to recovery, still encounters twists and turns.He said China is focusing on the change of the growth pattern for more balanced development of the economy.Summers and Donilon briefed Wang on the U.S. economy and the Obama administration's measures to stimulate the economy and create jobs.They stressed that the United States and China should strengthen coordination in macro policies and promote cooperation for a strong, balanced and sustainable growth of global economy.Also on Monday, Li Yuanchao, member of the Political Bureau of the Communist Party of China (CPC) Central Committee, met with the two U.S. officials.Li, also head of the Organization Department of the CPC Central Committee, said the Sino-U.S. ties had maintained a stable development since President Obama took office.China would work with the United States to enhance dialogues and cooperation, while properly handling the differences, to push forward the bilateral ties, he said.8 Summers said the United States attached great importance to the U.S.-Sino relations and firmly believed that the two countries had broad interests and faced with common challenges, including sustainable development of global economy, regional security and climate change.He said the United States was committed to working with China for a positive, cooperative and comprehensive relationship in the 21st century.Chinese Foreign Minister Yang Jiechi also met with Summers and Donilon on Monday. The two sides exchanged views on the future development of Sino-U.S. relations and regional and international issues of common concern.