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WASHINGTON, Feb. 4 (Xinhua) -- Major trading partners of the United States, including China, did not manipulate their currencies to gain an unfair advantage in international trade in 2010, according to a report released by the U.S Treasury Department on Friday."Based on the resumption of exchange rate flexibility last June and the acceleration of the pace of real bilateral appreciation over the past few months," China's behavior did not qualify under the official definition of manipulation, the Treasury said in its long-delayed semiannual report to the Congress on International Economic and Exchange Rate Policies.With respect to exchange rate policies, ten economies were reviewed in this report, accounting for nearly three-fourths of U. S. trade. Many of the economies have fully flexible exchange rates. A few have more tightly managed exchanges rates, with varying degrees of management."No major trading partners of the United States" met the standards identified by the Congress as currency manipulator, concluded the report.Since the June 19, 2010 announcement by China's central bank of greater exchange rate flexibility, its currency, also known as renminbi (RMB) has appreciated 3.7 percent against the dollar, or about 6 percent annualized. The renminbi has appreciated 26 percent in total against the dollar since 2005.The Treasury said that because inflation in China is significantly higher than it is in the U.S., the RMB has been appreciating more rapidly against the dollar on a real, inflation- adjusted basis, at a rate which if sustained would amount to more than 10 percent per year.The U.S. accuses Beijing of keeping its currency undervalued, flooding the country with cheap exports and costing U.S. jobs. But many economists believe that the appreciation of RMB will help little to the U.S. employment."Treasury today again made the right call on China's currency policy in its latest exchange rate report," John Frisbie, President of the U.S.-China Business Council (USCBC) said in a statement after the U.S. Treasury Department'report."While USCBC believes that China should allow its exchange rate to better reflect market forces, designating China as a ' manipulator' would achieve nothing. USCBC continues to support the Obama administration's approach of combined multilateral and bilateral engagement with China as the most effective way to make progress on the exchange rate issue."

BEIJING, Jan. 30 (Xinhua) -- Chinese President Hu Jintao said Sunday more attention should be paid to raising people's living standards while striving for economic growth.Hu made the remarks at a symposium with non-Communist parties and individuals to mark the Spring Festival, or the Lunar New Year, which falls on Feb. 3 this year.Hu urged the parties and social groups to pursue the people-first principle and help the government to better serve the people."We should always make the improvement of people's lives an important starting point in promoting development in a scientific way and enhancing social harmony," Hu said.Chinese President Hu Jintao (C), also general secretary of the Communist Party of China (CPC) Central Committee and chairman of the Central Military Commission, delivers an important speech at a symposium with non-Communist parties and individuals to mark the Spring Festival in Beijing, capital of China, Jan. 30, 2011.He said the government would focus on the transformation of its economic development pattern, and try to achieve its economic targets this year, which is also the start of the 12th five-year period (2011-2015).Hu hoped the non-Communist parties and individuals would concentrate on promoting scientific development and put forward practical suggestions for achieving comprehensive, coordinated and sustainable development.This year marks the 90th anniversary of the founding of the Communist Party of China (CPC).Hu said the past 90 years had proved that unison of ideas, targets and actions in the multi-party cooperation system under CPC leadership guaranteed the country to achieve progress in revolution, development and reform.Hu expressed appreciation for the contributions of non-Communist parties and individuals to social and economic development last year."We must rely on all Chinese people, including non-Communist parties, societies, ethnic groups and people from all walks of life and in different strata to achieve this year's goals for economic and social development," said Hu.At the event, Hu also extended New Year's greetings and best wishes to all people from the non-Communist parties and the All-China Federation of Industry and Commerce and those without party affiliations.Non-Communist party leaders at the gathering gave opinions on issues such as multi-party cooperation, rural social security system, water conservation, strategic emerging industries, education and cultural exchanges across the Taiwan Straits.The meeting was chaired by Jia Qinglin, chairman of the National Committee of the Chinese People's Political Consultative Conference. Vice President Xi Jinping and Vice Premier Li Keqiang were present at the gathering.

BEIJING, Feb. 10 (Xinhua) -- Chinese researchers have made significant progress in developing key technologies for natural disaster early warning systems and emergency relief, according to the Ministry of Science and Technology (MST).The four-year project, "Research on Key Technologies for Geological Disasters Monitoring, Early Warning and Emergency Relief," was initiated in 2006 with support from China's top-level government scientific research funding program.Scientists involved in the project had made remarkable technological progress in four fields, namely natural disaster recognition in earlier stage, monitoring and early warning, risks assessment and emergency relief, the MST said in a statement on its website.As part of the project, rain-triggered landslide monitoring and early warning systems have been established around Mount Ailao in southwest China's Yunnan Province and in the southeastern area of east China's Fujian Province.A natural disasters monitoring system has been developed by Chinese scientific workers using optical fiber technologies. This system with Chinese intellectual property has been put into use in areas, including the the reservoir region of the Three Gorges Project on the middle reaches of the Yangtze River.According to the MST, the research project also provided substantial technological support in assessment of disasters and relevant relief during China's responses to the Wenchuan earthquake in May 2008 and the massive mudslide in Zhouqu of Gansu last August.

LOS ANGELES, May 29 (Xinhua) -- Nineteen percent of

NEW YORK, March 9 (Xinhua) -- The U.S. stocks dropped on Wednesday, the two-year anniversary of the beginning of a bull market, as concerns of oil prices and Middle East unrest continued to weigh on investors' minds.U.S. crude oil price dipped on Wednesday as crude inventories rose more than expected, though Brent crude rose on fears caused by continued violence in Libya.Meanwhile, Rex Tillerson, the CEO of energy giant Exxon Mobil Corp., said on Wednesday that he didn't think the recent jump in oil prices was hurting the U.S. economy just yet, but it's getting close.The market was worrying that the surging oil prices would hurt global economic recovery. Adding to those concerns, the Portuguese government's two-year cost of borrowing hit the highest level since it joined the eurozone in a bond auction on Wednesday.Wednesday marked the two-year anniversary of the beginning of a bull market. On March 9, 2009, the Dow Jones Industrial Average closed at 6,547 and the Standard & Poor's 500 Index closed at 677. The Dow is back above 12,000 now and the S&P 500 index has almost doubled.Meanwhile, the wholesale report was slightly positive, but still failed to boost the market. According to the U.S. Commerce Department, the wholesale inventories climbed 1.1 percent in January. Sales at the wholesale level rose 3.4 percent, the largest gain since November 2009.Economists expected that as businesses kept expanding, demands for products would continue to grow. And larger sales may also encourage businesses to keep restocking their shelves and boost factory production.According to the report, a 10.6-percent rise in demand for petroleum helped lift sales, reflecting higher oil and gas prices.While some investors were concerned that surging oil prices might have a negative impact on economy, some others believed the boost in sales and inventories in January hinted that the economy could withstand the impact.The Dow Jones industrial average lost 1.29 points, or 0.01 percent, to 12,213.09. The Standard & Poor's 500 Index was down 1. 80 points, or 0.14 percent, to 1,320.02. The Nasdaq declined 14.05 points, or 0.51 percent, to 2,751.72.

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