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BEIJING, March 6 (Xinhua) -- China will further improve the formation mechanism of exchange rate of the renminbi, or the country's currency yuan, to keep the exchange rate basically stable at an adaptive and balanced level, the People's Bank of China said Saturday.The central bank made the statement in a report delivered to media during a press conference on the sideline of the annual parliament session. Zhang Ping, Chairman of National Development and Reform Commission (NDRC), Xie Xuren, the Minister of Finance, Chen Deming, the Minister of Commerce, and Zhou Xiaochuan, governor of the People's Bank of China, attend a news conference of the Third Session of the 11th National People's Congress (NPC) on the enhancement and improvement of macro-economic control held at the Great Hall of the People in Beijing, China, March 6, 2010.
CAIRO, March 25 (Xinhua) -- Senior Chinese legislator Wang Zhaoguo, who is on a four-day visit to Egypt, met here Thursday with Egyptian Prime Minister Ahmed Nazif, discussing ways to strengthen strategic cooperation between the two countries.Wang, vice-chairman of the Standing Committee of the National People's Congress (NPC), China's top legislative body, led an NPC delegation to Egypt for an official goodwill visit starting from Tuesday afternoon.Wang said Egypt and China are important developing countries and the two peoples will benefit from the progress of bilateral ties."We should boost our cooperation in agriculture, culture, education, science and technology, health care and tourism in the coming years," Wang said.For his part, Nazif said Egypt has witnessed China's huge achievements through reforms and opening up and China plays an important role in world affairs."Egypt attaches great importance to the strategic cooperation with China and I hope our cooperation in various fields will bear more fruit in the future," Nazif said.Wang, who is also a member of the Political Bureau of the Central Committee of the Communist Party of China, hailed the strategic friendship between China and Egypt, noting that bilateral relationship has been developing faster in recent years under the auspices of both heads of state."The China-Egypt friendship is a good example for developing countries and South-South cooperation," Wang said.China and Egypt established strategic cooperation partnership in 2009. Bila

ABU DHABI, Jan. 20 (Xinhua) -- The 2010 World Expo, slated for May 1 to Oct. 31 in the eastern Chinese city of Shanghai, will provide an opportunity for the United Arab Emirates (UAE) and China to enhance their mutual understanding, officials said Wednesday.The UAE is the first country to complete the "base-build" of its own pavilion at the Expo, with the exception of China's national pavilion, the state news agency WAM reported.The UAE pavilion will carry the Gulf nation's message to the people of China and many other countries, Saqr Ghobash, chairman of the National Media Council that is coordinating the project, was quoted as saying."We are particularly focused on the theme of Expo 2010 -- ' Better City Better Life' -- because we recognize that this resonates very deeply with the UAE's own experience," he said.Ghobash added that the UAE government and people have made huge strides towards creating a modern society that respects its past whilst embracing the present."We have much to share with our friends and partners in other countries. Expo 2010 provides an opportunity to do this and we are pleased to invite companies and organizations with commercial or other interests in China to participate with us in the six month long Expo 2010 in Shanghai," he said.Salem Al Ameri, commissioner general of the UAE pavilion, said there are still many opportunities for UAE companies to take advantage of the exposition."Whilst this is not a commercial exhibition in the usual sense of the word, it does offer many excellent opportunities for companies in the UAE and China to get to know each other better and to explore partnership or other opportunities. The UAE Pavilion offers a dedicated area for such exchanges and presentations," he said.
BEIJING, March 5 (Xinhua) -- President Hu Jintao and other Chinese leaders on Friday joined deputies to the National People's Congress (NPC), China's top legislature, in deliberating the government work report, calling for efforts to facilitate the transformation of the pattern of economic development.The NPC kicked off its annual session Friday morning as about 3,000 deputies from across the country heard and deliberated the government work report delivered by Premier Wen Jiabao.BALANCED, COORDINATED AND SUSTAINABLE DEVELOPMENTWhen joining NPC deputies from the eastern province of Jiangsu in a panel discussion on Premier Wen's report, President Hu called for efforts toward balanced, coordinated and sustainable development in the transformation of its economic growth pattern. Chinese President Hu Jintao (C) talks with deputies to the Third Session of the 11th National People's Congress (NPC) from east China's Jiangsu Province, in Beijing, capital of China, March 5, 2010. Hu Jintao joined in the panel discussion of Jiangsu delegation in deliberating the government work report by Premier Wen Jiabao on the opening day of the Third Session of the 11th NPCHu said efforts should be made to cultivate new pillar industries and industries with features and advantages, and achieve the coordinated development of the first, second and third industries.The country needs to develop more core and key technologies to support its transformation of the economic growth pattern and the economic restructuring, Hu told the lawmakers.He called for the establishment of a market-oriented technological innovation system, in which enterprises play the leading role and which combines the efforts of enterprises, learning and research institutes.He said higher education and research institutes should play a more important role in scientific and technological innovation.The President also stressed the coordination of industrialization, urbanization, and agricultural modernization, so that the agricultural sector could be boosted by the industrial sector, while the rural areas could benefit from the urban areas.He said authorities should facilitate balanced allocation of public resources and the free flow of production factors between urban and rural areas.Hu pointed out that China is currently facing both opportunities and challenges at the same time, but the opportunities outweigh challenges.He urged officials in Jiangsu Province to push forward independent innovation, promote urban-rural integration of economic and social development, and deepen the reform and opening-up drive.
BEIJING, Jan. 27 (Xinhua) -- Senior Chinese leader Zhou Yongkang has urged making preparation for a central conference on northwest China's Xinjiang that will make arrangements to realize fast development and lasting stability in the region.Zhou, a Standing Committee member of the Political Bureau of the Communist Party of China (CPC) Central Committee, urged various departments to strengthen research on how to improve the livelihood of local residents and promote ethnic equality and unity in the Xinjiang Uygur Autonomous Region.Zhou made the remarks at a meeting here Wednesday on the preparation for the central work conference on Xinjiang.Since last October, more than 500 officials from 64 departments have been sent to towns, villages, sentries, schools and companies in Xinjiang to inspect local social situations and collect people's ideas."(Xinjiang) has entered a period of fast economic and social development, with notable rise in comprehensive strength and people of all ethnic groups receiving the most benefits in history," said Zhou."However, Xinjiang's development and stability also faces many difficulties and challenges, and many new situations and problems have emerged, which requires us to launch deep research and mobilize the power from various sides to jointly solve them," said Zhou.In addition, he urged centrally-administered state-owned enterprises to increase investment in Xinjiang and explore and utilize local resources in a scientific and reasonable way.
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