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WASHINGTON, June 19 (Xinhua) -- The International Monetary Fund's chief Dominique Strauss-Kahn on Saturday welcomed China's decision to further reform its exchange rate mechanism and said that the move will benefit Chinese consumers.China's announcement is "a very welcomed development," Strauss-Kahn said in a statement.The move "will help increase Chinese household income and provide the incentives necessary to reorient investment toward industries that serve the Chinese consumer," he said.The People's Bank of China, China's central bank, earlier on Saturday announced a decision to proceed further with the reform of the exchange rate regime to enhance the flexibility of the RMB's exchange rate.
XINING, June 20 (Xinhua) -- Chinese Vice Premier Hui Liangyu said Sunday the government would soon implement the reconstruction plan for quake-hit Yushu in northwest China's Qinghai Province.Hui made the remarks at a meeting of the State Council's earthquake relief and disaster control headquarters held Sunday in Xining, capital of Qinghai, according a statement released after the meeting."We must strive to accomplish major reconstruction tasks in three years in a coordinated and scientific way and in accordance with the law," Hui said.Yushu was hit by a 7.1-magnitude quake April 14, with more than 2,200 people being killed and thousands of homes being flattened.The State Council approved the reconstruction plan for Yushu prefecture on June 14.Chinese Vice Premier Hui Liangyu (C) speaks at the reconstruction meeting for the quake-hit Yushu of northwest China's Qinghai Province, in Xining, northwest China's Qinghai Province, June 20, 2010. Hui Liangyu urged local government to pay more attention to improve people's living conditions during reconstruction in the quake-hit Yushu.Hui said the reconstruction must be carried out strictly according to the plan, while calling for a timely allocation of sufficient government funds.He called on builders, mainly from other parts of China, to aid the reconstruction efforts.Under the approved plan, reconstruction in the quake zone will be mainly funded by the central government.Related central ministries and departments must step up supervision and inspection to ensure no violations of regulations occur, Hui said.According to Hui, the State Council had decided to replace the quake relief and disaster control headquarters, set up one day after the Yushu quake, with a new office which will be charged with coordinating and guiding the reconstruction.The new office will be led by Zhang Ping, chairman of the National Development and Reform Commission.

BEIJING, Aug.1 (Xinhua) -- China's General Administration of Press and Publication (GAPP) has voiced its support for journalists' rights of supervision after police in an east China county wrongly issued an arrest warrant for a journalist."News organizations have the right to know, interview, cover, criticize and monitor events regarding national and public interests. Journalistic activities by news organizations and their reporters are protected by law," read a statement posted on the GAPP's website.The statement came after police of Suichang County in Zhejiang Province canceled a warrant for Qiu Ziming, a reporter of the Economic Observer News, who was accused of defamation by a publicly-listed company.Qiu had previously been wanted by the police of Suichang after Zhejiang Kan Specialty Material Co., Ltd. (Kan) accused him of defaming the company with fabricated stories.However, police of Lishui City, which administers Suichang, ordered the county's public security bureau to cancel the warrant for Qiu after a review found the warrant failed to meet statutory requirements.Police officials said earlier Friday that the investigation into allegations of defamation against Qiu and his newspaper would continue.
BEIJING, July 15 (Xinhua) -- German Chancellor Angela Merkel arrived here Thursday night, starting a four-day official visit to China.During Merkel's stay in Beijing, Chinese President Hu Jintao will meet with her. Chinese Premier Wen Jiabao will hold talks with her. And Chinese Vice President Xi Jinping will also meet with her.Besides Beijing, Merkel will pay a visit to Xi'an in northwest China's Shaanxi Province.In 2005, Merkel became the first female chancellor of Germany and was reappointed in 2009.Merkel has made four visits to China--as minister for environment, nature protection and reactor safety in August 1997; and as chancellor in May 2006, August 2007 and October 2008.
BEIJING, July 13 (Xinhua) -- Rainstorms and consequent floods have left 107 people dead and 59 missing in ten provinces and municipalities -- mostly along the Yangtze River as of Tuesday afternoon, according to the Ministry of Civil Affairs.Latest figures from the ministry show that, as of 4:00 p.m. Tuesday, rain-triggered floods had affected some 29 million people and 997,000 had been evacuated.Further, the direct economic loss had reached 19.75 billion yuan (2.89 billion U.S. dollars). A total of 93,000 houses and 252,800 hectares of crops have been destroyed.A bus is trapped on a flooded street in Chizhou, east China's Anhui Province, July 13, 2010.Also on Tuesday, the China Meteorological Administration forecast that rainstorms would continue to batter some flooded regions in the provinces of Guizhou, Sichuan, Hubei, Jiangsu, Zhejiang and Anhui and are also expected in Chongqing Municipality over the next three days.Southern Qinghai, eastern Inner Mongolia, eastern Liaoning, central Gansu and western Yunnan will also receive heavy rain during the next three days.The Ministry of Health said Tuesday that the flood-hit regions had not reported any cases of epidemics or public health emergencies.
来源:资阳报