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BEIJING, Oct. 11 (Xinhua) -- The value of yuan, China's currency Renminbi, hit new high against U.S. dollar Monday as the central parity rate of the yuan was set at 6.6732 per U.S. dollar, according to the data released by the China Foreign Exchange Trading System.Monday's central parity rate beat the previous record of 6.6830 on Oct. 8.The yuan has picked up its strength against the U.S. dollars and seen increased volatility in the trading days since the People's Bank of China (PBOC), the central bank, announced on June 19 this year to increase exchange rate flexibility.Based on Monday's central parity, the Chinese currency has strengthened against the U.S. dollar by about 2.26 percent from the rate of 6.8275 per U.S. dollar that was set a day before the PBOC's pledge to increase flexibility.On China's foreign exchange spot market, the yuan can rise or fall 0.5 percent from the central parity rate during trading each day.China would continue reform of the formation mechanism of its currency exchange rate to improve its flexibility, but will do so in a gradual way, Zhou Xiaochuan, Governor of the People's Bank of China, China's central bank, said in Washington on Sunday.
PYONGYANG, Oct. 23 (Xinhua) -- A delegation of senior Chinese military officers watched the "Arirang" performance here Saturday night as part of celebrations to mark the 60th anniversary of the entry of the Chinese People's Volunteers (CPV) into the Korean War front.The delegation, led by Guo Boxiong, vice chairman of China's Central Military Commission, is on a four-day visit to the Democratic People's Republic of Korea (DPRK). They were joined at the show by Kim Yong Nam, president of the Presidium of the Supreme People's Assembly of the DPRK.Before the show, Guo met Kim and a number of other DPRK leaders, including Choe Yong Rim, premier of the cabinet, and Kim Yong Chun, vice-chairman of the National Defence Commission.Guo hailed the DPRK's attention to its relations with China. He said the visit of the delegation was to implement the important consensus reached between Chinese President Hu Jintao and the DPRK's top leader Kim Jong Il.China would work with the DPRK side to make an active contribution to the continuous promotion of the Sino-DPRK friendship, Guo said.Kim Yong Nam warmly welcomed the visit of the Chinese delegation.The DPRK cherished its friendship with China. To consolidate and develop the relations was the firm will of the DPRK, Kim said.The "Arirang", a mass gymnastic and artistic show with some 100,000 performers, showcased the achievements made by the DPRK people in socialist construction, and their love of the fatherland, aspiration for reunification and peace.The CPV entered the DPRK on Oct. 25, 1950, about four months after the Korean War broke out.In an article marking the anniversary, the DPRK's official KCNA news agency said Thursday that the CPV not only displayed a spirit of self-sacrifice and heroism but also promoted friendship.
BEIJING, Oct. 29 (Xinhua) -- China Friday voiced concern over and strong dissatisfaction with U.S. Secretary of State Hillary Clinton's recent remarks concerning China's Diaoyu Islands."The Chinese government and people will never accept any word or deed that includes the Diaoyu Islands within the scope of the U.S.-Japan Treaty of Mutual Cooperation and Security," said Foreign Ministry spokesman Ma Zhaoxu.After her meeting with Japanese Foreign Minister Seiji Maehara in Hawaii Thursday, Clinton said the Diaoyu Islands fall within the scope of the U.S.-Japan security treaty."The Diaoyu Islands have been an integral part of Chinese territory since ancient times. China has indisputable sovereignty over the islands," Ma said.As a bilateral agreement reached during the Cold War, the U.S.-Japan security treaty should not harm the interests of third parities, including China, the spokesman said.He urged the United States and Japan to do more to boost regional peace and stability.
BAISE, Guangxi, Nov. 2 (Xinhua) -- Tired? How about sitting down and having a cup of coffee in a cozy cafe some 150 meters underground in a real coal mine?This is not day dreaming on the part of China's miners who usually toil down in the mine for meager wages and sometimes have to risk their lives.A coal mine operator in Baise city, southwest China's Guangxi Zhuang Autonomous Region, has set up a cafe in the Donghuai Coal Mine as a part of the measures taken to improve underground working conditions, Xinhua reporters saw.Miners now can enjoy light music, crack a joke with loved ones through a walkie-talkie, or simply take a nap in the cafe. There are also sets of desks and chairs, potted plants and even a fish bowl."We have left no loop-holes in safety checks and try to do more," said Yi Peiyi, a deputy director of the local mining administration.He said the city plans to spend 80 million yuan (12 million U.S. dollars) to make mines modern and safe beginning in 2005.China's coal mines were notorious for accidents in the past few years as mines, including many with inadequate safety measures, were pushed to run at maximum capacity to meet the massive energy needs of a fast growing economy.More than 2,600 miners were killed in China's mining accidents last year. However, the death toll was already significantly less than those recorded in previous years.Last month, China's mine workers and bosses joined the world in cheering the successful rescue of 33 Chilean miners and were awed at the professional and modern working conditions of their Chilean counterparts.Additionally, industry authorities and safety watchdog officials have ordered mine bosses to double their efforts to improve safety measures and underground working conditions.
BRASILIA, Sept. 7 (Xinhua) -- At the invitation of Brazilian Defense Minister Nelson Jobim, Chinese Defense Minister Liang Guanglie arrived on Tuesday in the Brazilian Air Base to begin a goodwill visit to the South American country.In a written speech released upon his arrival, Liang, also Chinese state councilor, offered his sincere greetings and good wishes to the Brazilian people and armed forces on behalf of the Chinese Ministry of National Defense and the Chinese People's Liberation Army.Liang said the aim of his visit is to strengthen mutual understanding between the two armies, deepen friendship, promote cooperation, and explore more areas for cooperation between the armed forces of the two countries.Liang said that China is keen to develop bilateral relations of the armies, to deepen military cooperation with Brazilian side, to promote relations between the two countries, and devote their due contributions to safeguarding international and regional stability and safety.During his stay here, Liang will also meet his Brazilian counterpart Nelson Jobim and other high-ranking officials in Brazil. He will also visit some military bases in the South American country.This is the last leg of Liang's tour of three Latin American countries, which also took him to Mexico and Colombia.