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GENEVA, July 19 (Xinhua) -- Wu Bangguo, China's top legislator, on Monday called for the international community to demonstrate confidence, strengthen cooperation and safeguard peace to speed up the realization of the Millennium Development Goals (MDGs)."The parliament should supervise and support its own government to implement the MDGs, to take peaceful and friendly foreign policy, and to properly handle sensitive issues in bilateral ties and international relations," Wu, chairman of the Standing Committee of the National People's Congress (NPC), said at the opening ceremony of the third World Conference of Speakers of Parliament.The MDGs, endorsed by UN members in 2000, set out eight targets ranging from halving extreme poverty to halting the spread of HIV/AIDS by 2015.Wu Bangguo (4th R, Front), chairman of the Standing Committee of China's National People's Congress (NPC), poses for a group photo with other participants of the third World Conference of Speakers of Parliament held in Geneva, Switzerland, July 19, 2010."Over the past decade, the world has been achieving results on the MDGs, but the progress remains slow," Wu said. "Developing countries, especially the most underdeveloped countries, are in escalated economic difficulties and the gaps between the north and the south widen."Wu said that implementation of the MDGs becomes more crucial under the impact of the global financial crisis in particular.He said confidence is the premise of realizing the MDGs. The global financial crisis has an impact that can not be neglected on the implementation of the MDGs, but the world should aware that the MDGs and dealing with the crisis are not contradictory, Wu said.He stressed it will be more significant for the international community to speed up the MDGs' implementation process while there still exists in-depth impact of the financial crisis and uncertainty of the world economy's systematic and structural risks.

BEIJING, June 21 (Xinhua) -- China's announcement that it would allow more flexibility in its yuan exchange rate meant an end to the crisis-mode policy the government took to cushion the blow from the global financial crisis, experts interviewed by Xinhua said Monday.The People's Bank of China, also known as the central bank, said Saturday that it decided to proceed even further with the reform of the Renminbi exchange rate to add flexibility to the RMB exchange rate.The decision was made in view of the recent economic situation and financial market developments at home and abroad, as well as due to the balance of payments situation in China, the central bank said. However, it ruled out a one-off revaluation of the yuan as there was no basis for large changes in its value.Experts noted it was the correct time for the exchange rate policy to return to its normal state, given the consolidated economic recovery, large decline in trade surplus and more balanced international payments.Zhao Xijun, deputy dean of the School of Finance with the Renmin University of China, said the normalization of China's exchange rate policy would intensify China's economic connection to the global economy and help promote the country's economic restructuring and adjustments of its development mode.China moved to a managed floating exchange rate regime in July 2005 which was based on market supply and demand and referencing a basket of currencies. The reform of the RMB exchange rate has made continuous progress since then, producing the anticipated results and playing a positive role.The financial crisis which broke out in the United States in 2008 shook the global financial markets and dented investment confidence. To counter fallout from the economic turmoil, nations rolled out their crisis-mode measures.Zhou Xiaochuan, governor of the central bank, said in March that the exchange rate policy China took amid the crisis was part of the government's stimulus packages, and would exit "sooner or later" along with other crisis-measures.China's economy expanded at 11.9 percent year on year in the first quarter of this year and exports surged 48.5 percent in May, government data showed.Zhao said China narrowed fluctuation of the RMB exchange rate to stabilize market sentiment and stimulate economic growth amid crisis, which was in the interests of China and contributed to the country's economic recovery.During the worst of the global crisis, exchange rates of a number of sovereign currencies to the U.S. dollar depreciated by large margins while the yuan kept stable. Against these depreciating currencies, the value of the yuan has been rising."Undoubtedly, it improved the trade environment for these countries and helped them through hard times," Zhao said, noting the policy contributed significantly to the Asian and global recovery."Narrowing the fluctuation of the yuan's value was the best exchange rate policy China could take during the crisis period, which gave export businesses a stable expectation of the yuan's value and reduced costs caused by a volatile currency," said Xiang Songzuo, Deputy Director of the Center for International Monetary Research at Renmin University of China.The central bank's move also intended to increase competitiveness of export businesses and accelerate economic restructuring.Zhao said when the RMB exchange rate regime becomes more market-oriented, China's export businesses should take more responsibilities and become more self-reliant.The central bank said Sunday that the management and adjustment of the yuan exchange rate would occur gradually, which was necessary to give export businesses time to adjust their business structures and create more jobs in the service sector.Cao Honghui, senior researcher with the Institute of Finance and Banking under the Chinese Academy of Social Sciences, said the further proceeding meant China would rely more on domestic demands for economic growth, which would push forward adjustments of the global economic structure.The central parity of the Renminbi against the U.S. dollar remained at 6.8275 Monday, unchanged from the previous trading day, according to the China foreign Exchange Trading System.

XIAMEN, June 20 (Xinhua) -- Top political advisor Jia Qinglin has urged China's southeastern Fujian Province, which faces Taiwan, to contribute more in promoting the peaceful development of cross-Strait relations."The relations between the mainland and Taiwan are currently at a crucial stage with many opportunities. Fujian should make full use of its advantages and work hard to boost cross-Strait exchanges and cooperation in terms of scope and scale," he said during a two-day inspection that ended Sunday in the region's city of Xiamen.Jia called on the province to implement more favorable policies to attract investment from Taiwan companies and strengthen economic ties between Fujian and the island.Jia Qinglin (C), chairman of the National Committee of the Chinese People's Political Consultative Conference, talks with workers of a Taiwan-invested enterprise in Xiamen, southeast China's Fujian Province, June 20, 2010.During a visit to the Xiamen branch of a Taiwan technology company, Jia stressed that Taiwan companies on the mainland should respect and care for their workers.p "Workers' living and working conditions should be improved and their legal rights should be ensured," he said, adding that Taiwan companies should have confidence in investing in the mainland in order to achieve fast and sound development.In addition, as Fujian entered the flood season in late April, Jia urged the province to provide the highest priority to local people's safety and strive to reduce damages from disasters.As of Sunday morning, mud flows and floods triggered by intense rainstorms that began in mid-June have left 132 people dead and 86 missing in south China's nine provinces and regions including Fujian, according to the Office of State Flood Control and Drought Relief Headquarters.

XIAMEN, June 19 (Xinhua) -- A senior Chinese official has called for more cultural exchanges and cooperation between the Chinese mainland and Taiwan.Top political advisor Jia Qinglin made the remark during a visit to the Third Cross-Strait Cultural Industry Fair that opened in Xiamen of southeast Fujian Province on Saturday.Jia, also a Standing Committee member of the Political Bureau of the Communist Party of China (CPC) Central Committee, said the two sides of the Taiwan Strait share the same cultural root.Jia also announced Saturday the opening of the second grassroots-level Straits Forum in this coastal city." hspace="0" src="/d/file/p/2010/06/9862a429fb74c1f47babf2fdc9dcf93e.jpg" border="0" />Jia Qinglin, member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee and chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), dances with participants from Taiwan during his visit to the 3rd Cross-Strait Cultural Industry Fair in Xiamen, southeast China's Fujian Province, on June 19, 2010.There is huge potentials for the mainland and Taiwan to conduct cooperation in cultural industry, Jia said, calling for joint efforts from both sides of the Strait to develop cultural industry and improve international competitiveness and influence of the Chinese culture.Jia also called on both sides to tap traditional Chinese cultural resources and establish cultural name brands with characteristics of the Chinese nation, so to strengthen the cohesiveness of the Chinese nation.The cross-Strait cultural industry fair was initiated in 2008 and has become an important communication platform for cultural industrial circles from both sides of the Strait.The current fair attracted more than 2,000 cultural companies from the mainland and Taiwan.

BEIJING, Aug. 6 (Xinhua) - China's Ministry of Agriculture Friday urged local authorities in flood-hit regions to step up efforts to resume agricultural production and create favorable conditions for the autumn harvest following this summer's severe floods.Local departments were ordered to accelerate water drainage, restore damaged infrastructures, strengthen field management, and plant mung bean, potatoes and buckwheat, which have short growth periods, to make up for losses, according to an official from the ministry.The official also required departments to clear away and carry out bio-safety disposal of dead livestock, while increasing epidemic control measures.As of July 21, more than 7 million hectares of farmland in China had been destroyed by torrential rains and floods, according to data from the State Flood Control and Drought Relief Headquarters.

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