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BEIJING, April 2 (Xinhua) -- China needs to expand the Renminbi, or yuan, cross-border settlement efforts when conditions allow, the People's Bank of China (PBOC) said Friday."It is necessary for China to seek appropriate timing to expand the cross-border yuan settlement to more cities, enterprises and overseas pilot areas," said an international financial market report released on the central bank's website Friday.But the report did not detail the conditions for appropriate timing.The foreign trade volume settled in yuan is still small compared with China's total foreign trade volume, said the report, without specifying figures.Official figures from China's General Administration of Customs showed that the country's exports in 2009 stood at 1.2 trillion U.S. dollars, down 16 percent from 2008.China's State Council, or Cabinet, announced in April 2009 a pilot program to allow exporters and importers in five cities -- Shanghai, Guangzhou, Shenzhen, Zhuhai and Dongguan -- to settle cross-border trade deals in yuan.The latter four cities are all in south China's Guangdong Province.The Bank of China (BOC), China's largest foreign exchange bank, announced on July 6 last year that its Shanghai branch had received the first cross-border yuan trade settlement deal from the BOC (Hong Kong).The government is considering enlarging the scope of cross-border yuan settlement from commodity trade into service trade, said the report.Yuan settlement was in accordance with the market demand, said Cao Honghui, a researcher with the Chinese Academy of Social Sciences, but increasing the yuan's global acceptance would be decided by factors such as the country's economic development and the financial system development.

BEIJING, May 21 (Xinhua) -- The U.S. commerce chief Friday said the United States would complete its review of the exports control system this summer, without specifying the possibly relaxed controls against exports to China."With respect to our export control reform, we want to have that done by this summer," U.S. Commerce Secretary Gary Locke told reporters during his trade mission to China Friday.Locke is leading a delegation of business executives from American clean energy companies looking to China's fast growing green energy market, the size of which the United States has predicted will be 100 billion U.S. dollars by 2020."We have restrictions on items already readily available from companies around the rest of the world and our restrictions make no sense," Locke said.The United States' 1979 Export Administration Act limits the export sales of some commercial high-technology goods to China.The exports control system, operated by the U.S. Defense Department and the Commerce Department, is widely seen as a major cause for the trade imbalance between China and the United States.U.S. products accounted for 7.5 percent of China's high technology imports last year, down from 18.3 percent in 2001 partly due to the U.S. exports control system, according to China's Commerce Ministry."If the share in 2001 is used as a benchmark, U.S. companies lost at least 33 billion U.S. dollars worth of export opportunities in 2009," Commerce Minister Chen Deming said in March.In a meeting with Locke Thursday, Chinese Deputy Commerce Minister Ma Xiuhong said China-U.S. cooperation would be impaired unless the United States takes substantive measures to ease its restrictions on exports to China.Locke didn't specify which exports are likely to be available to China,citing U.S. national security as the major factor to be considered when reviewing the export control system.Locke stressed restrictions will be eased on some commonly available high-tech goods and strengthened on sensitive technologies with military uses."We need to intensify and increase our protection on some very super-sensitive technologies to make sure that they don't get in the hands of those who want to do America ... harm, especially terrorist organizations," he said."Some of it can be implemented almost immediately while some can be done in a matter of months once there is agreement within the administration on the review," Locke said in response to Xinhua's question on when the new export control system will be in operation.

OTTAWA, May 5 (Xinhua) -- Larry O'Brien, Mayor of Canada's capital city of Ottawa, said that the achievement of his trip to China had exceeded his expectation, and the cooperation between China and Canada had a broad prospects.In an exclusive interview with Xinhua in his office in Ottawa after a journey to China accompanied by a business mission during April 6 to 16, O'Brien said that the trip, which was the first foreign mission since he took office as a Mayor of Ottawa in 2006, was productive and delighting.O'Brien visited Beijing, Chongqing, Shenzhen and Hong Kong during his trip in China, signing a Memorandum of Understanding ( MOU) on continuing cooperation between Ottawa and Beijing, and attending the signing ceremony of the Cooperation Agreement between Ocri and Beijing Investment Promotion Bureau.In the meantime, Ottawa Tourism and Beijing Badaling special zone's office signed MOU of Cooperation between Badaling Great Wall in Beijing and the Rideau Canal in Ottawa. And Canada's Plasco Energy Group Inc. and Beijing Environmental Sanitation Engineering Group Co (BESG) also signed a MOU to establish facilities in Beijing to convert waste to clean energy.O'Brien noted that Plasco's signing MOU with BESG exceeded his expectation, and he was impressed by the quick research speed and by their ability to sign the document during this visit. He said it was "a present and a surprise," and "a good achievement for our trip.""It underscores the importance of having government and industry working together, to create a better bond between the city of Beijing and the city of Ottawa," he added.Talking about the MOU in tourism, O'Brien said: "Rideau Canal in Ottawa, which is built in 1826-1832, is really worthwell. ( Tourists coming here) will feel the warmth of 900,000 warm Canadian hearts, warm Ottawa hearts. We are going to promote the Great Wall as well, which I had the honor and distinguish pleasure to go and visit this time."He also said that China had set Canada, where has a lot of places worth to see besides Ottawa, such as the mountains, the west coast, and the sea villages on the east coast, as the destination for tourists. "I am hoping that more Chinese to take this opportunity to move over to see how we live in Canada."In Shenzhen, O'Brien visited Huawei Technologies' research and development plant, welcoming it to invest in Ottawa. "Ottawa is a good place to do business. We have wonderfully clean and safe environment, with half of our population received college education or greater. Huawei has 70 to 80 people in Ottawa now, and expect to increase to 250 in three years," he said. And he also warmly welcomed other Chinese companies to establish research and development facilities in Ottawa."Due to the warm of the reception and the success we enjoyed during the trip, vast majority of our counselors and the citizens of Ottawa were very happy (with the achievement), and gave very positive comments on it," he said.He also said: "I think everybody on this trip had their eyes opened on the size of the market in China, found the opportunities to follow up, and the pace of being able to capture market opportunities.""In order to create trade and opportunities, you must have communications and trusts. Every long and wonderful journey starts with a single step. I would like to encourage our clean technique companies to begin this step," he added.O'Brien believed that the entire developing world was one third of the world economy 15 years ago. And now, Asia is half of the world economy, and will be 65 percent of that after 10 to 15 years. "We hope to participate in its economic development, especially to play a role in supporting the market growth in both China and India.""Fast forward to 2010, this is a brand new China. I am confident that there will be more mutually beneficial business arrangements. Already China has invested 10 billion U. S. dollars in the last 18 months in Canada in oil and minerals. I perceive this as the beginning of another series of cross fertilizations between our economies, and between our cultures. And I came away from the trip with great optimism for the future," he concluded.

BEIJING, April 29 (Xinhua) -- China's parliament on Thursday adopted a revision to the Law on Guarding State Secrets which narrowed the definition of "state secrets," in an effort to boost transparency.The amended law was approved by lawmakers at the end of the four-day bimonthly session of the National People's Congress (NPC) Standing Committee, or the top legislature, after three reviews, the first of which began last June.State secrets have a clearer definition in the amended law. They are defined as information concerning state security and interests and, if leaked, would damage state security and interests in the areas of politics, economy and national defense, among others.It also raises the level of government departments that can classify information a state secret.The National Administration for the Protection of State Secrets and local bureaus above the county level are responsible for national and local classification, respectively.Prof. Wang Xixin at Peking University Law School said the number of state secrets will decline as fewer levels of government departments have the power to classify information as a state secret."It will help boost government transparency," Wang said.Local officials often use the excuse "state secrets" to avoid answering inquiries from the public properly.After the amended law takes effect in October, governments under the county level will have to respond to public questioning with more openness and without the power to classify information as a state secret, Wang said.According to the amended law, there will be more complicated but standardized procedures to classify information a state secret which will eliminate "random classification."The amended law also grants more responsibility to classification departments and units, which will be penalized if they do not properly classify information.It also defines secrecy levels and authority limits, and clarifies time limits for differing levels of confidentiality and conditions for declassification.It says the time limit for keeping top-level secrets should be no more than 30 years; no more than 20 years for low-level state secrets; and at most 10 years for ordinary state secrets.Wang said reducing the number of state secrets will improve state secrets protection, as "the protection work would be difficult if there are many state secrets, and more manpower and resources would be used.""The more state secrets, the 'number' the public will be," he said.He said the revision to the law also enhances China's image on the international stage, as the country should narrow the gamut of state secret as it conducts increased international exchange.The call to amend the state secrets law strengthened when the State Council issued a regulation on government transparency in May 2008 which said "a broad definition for state secrets" is not in line with the public's right to know.INTERNET LEAKSThe rapid development of the Internet poses great challenges to the protection of state secrets, with Internet leaks of confidential information frequently occurring, observers say.The amended law requires Internet operators and other public information network service providers to cooperate with public and state security departments and prosecutors in probes of state secret leaks.Prof. Wang said, "Such stipulations are necessary," as fast information transmission can easily cause leaks of state secrets and many countries have similar requirements on network operators."If a sensitive photo is put online, people see it and they may obtain state secrets from it. That's very simple. But people cannot judge whether it is a state secret or not. They may take for granted the information has already been released by the government," he said."Information transmissions must be immediately stopped if they are found to contain state secrets, and once a leak has been discovered, records should be kept and it must be reported to the public security and state security departments in charge of confidentiality."The information relating to state secrets should be removed according to orders of relative departments," the amendment says.Wang said efforts must be made to ensure such clauses are not abused by authorities to invade citizens' privacy.He added more specific measures should be enacted to implement the rules."It should be carried out without harming the openness of the Internet," he said.

来源：资阳报