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BEIJING, Feb. 10 (Xinhua) -- The Chinese currency, or the yuan, on Thursday rose to a fresh high of 6.5849 against the U.S. dollar, according to the China Foreign Exchange Trading System.The central parity rate of the yuan, or RMB, was 1 basis point higher than the previous record of 6.585 set on Feb. 9, the previous trading day.The central parity rate has risen against the dollar for a three consecutive trading days.China's central bank announced on June 19 last year that it would further reform the yuan exchange rate formation mechanism to improve its flexibility.On China's foreign exchange spot market, the yuan can rise or fall 0.5 percent from the central parity rate each trading day.The central parity rate of the RMB against the U.S. dollar is based on a weighted average of prices before the opening of the market each business day.
BEIJING, Feb. 5 (Xinhua) -- China's railways transported about 77.34 million passengers during the fifteen days (Jan. 19 to Feb. 2) before the Spring Festival, the Ministry of Railways said.The figure was about 9.5 percent higher than the same period last year and set a new record, according to a report posted on the ministry's website.There were an average of 5.16 million passengers per day, up 448,000 from the same period last year. On Jan. 29, passengers topped 5.78 million, setting a new record for daily transportation before the Spring Festival, the report said.In the fifteen days before the festival, about 4.80 million passengers left Beijing, 8.39 million left Guangzhou and 5.69 million left Shanghai, while year-on-year growth and those leaving Guangzhou rose the most, up 15 percent year on year, said the report.The ministry said challenges still exist as more snow and rain will hit southern China after the Spring Festival, when passengers are returning.China's busy Spring Festival transportation season runs for 40 days and is calculated in two phases: 15 days before the Spring Festival and 25 days after the Spring Festival, the report explained.
BEIJING, Feb. 10 (Xinhua) -- More than 9,300 kidnapped children in China have been rescued since April 2009 since a nationwide campaign was launched to crack down on human trafficking, according to the Ministry of Public Security Thursday.In a statement, the ministry encouraged the involvement of civilians in providing clues to help the police rescue minors -- especially those being abused and forced to beg on the streets.In less than three weeks, a Chinese microblog called "Street Photos to Rescue Child Beggars" attracted 175,000 followers and posted more than 2,500 images of begging children online for parents to identify.The blog was set up last month by a professor with the Rural Development Institute of the Beijing-based China Academy of Social Sciences. It has helped rescue six children so far.However, the ministry noted in the statement that children kidnapped to become beggars took up only a small portion of all cases of child beggars. In most cases, children were taken to beg along with their parents or relatives.The ministry has urged police authorities across the country to closely cooperate with civil affairs, urban management and health departments in apprehending people who force children to become beggars.
BEIJING, March 21 (Xinhuanet) -- A new device is being developed by American engineers to ease pain of blood sugar testing in diabetics, according to foreign media report last week.The upcoming device is the research target of a team of engineers at Arizona State University. It is specifically designed for patients with type1diabetes and type2 diabetes, according to a report in the "Journal of Diabetes Science and Technology," The traditional method of testing blood sugar levels involves painful pricks on the fingers to draw blood for testing. The inconvenient and painful process may somehow leave diabetics lax in their testing. The blood sugar levels, when poorly controlled, are very likely to trigger complications including heart disease, kidney disease and retinopathy.Unlike the old testing method, the new device could help people keep track of their blood sugar levels without the need to break the skin. It draws tears to measures the blood sugar levels in the fluid and gives just an accurate reading of blood sugar levels. "This new technology might encourage patients to check their blood sugars more often, which could lead to better control of their diabetes by a simple touch to the eye." said Jeffrey T. LaBelle, developer of the device.The new testing device has drawn great interest from investors due to its promising prospects. However, it still awaits a significant amount of testing before it can hit the market.
BEIJING, Feb. 12 (Xinhua) -- Sales revenue of Beijing's auto market in 2011 might shrink by 60 billion yuan (about 9.1 billion U.S. dollars) due to the city limiting the number of cars purchased each month, a commerce official said Saturday.Car sales revenue will drop to 100 billion yuan in 2011 from last year's 160 billion yuan, Wang Shuxia, chief for marketing section with the Beijing Municipal Commission of Commerce, told a working meeting of the commission.A control on car purchases introduced this year limits new car license plates to 240,000 in 2011, said Wang.In 2010, more than 800,000 new cars drove onto Beijing's roads, worsening the chronic gridlock in this Chinese national capital of nearly 5 million automobiles.Wang estimated that Beijing's car sales this year will hit 580,000 units, as some cars will be sold to buyers outside of Beijing while others will be purchased by buyers who are replacing older cars.Car owners who replace their old vehicles can obtain car license plates directly without taking part in the lottery that allots 20,000 new plates each month.