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BEIJING, April 2 (Xinhua) -- China needs to expand the Renminbi, or yuan, cross-border settlement efforts when conditions allow, the People's Bank of China (PBOC) said Friday."It is necessary for China to seek appropriate timing to expand the cross-border yuan settlement to more cities, enterprises and overseas pilot areas," said an international financial market report released on the central bank's website Friday.But the report did not detail the conditions for appropriate timing.The foreign trade volume settled in yuan is still small compared with China's total foreign trade volume, said the report, without specifying figures.Official figures from China's General Administration of Customs showed that the country's exports in 2009 stood at 1.2 trillion U.S. dollars, down 16 percent from 2008.China's State Council, or Cabinet, announced in April 2009 a pilot program to allow exporters and importers in five cities -- Shanghai, Guangzhou, Shenzhen, Zhuhai and Dongguan -- to settle cross-border trade deals in yuan.The latter four cities are all in south China's Guangdong Province.The Bank of China (BOC), China's largest foreign exchange bank, announced on July 6 last year that its Shanghai branch had received the first cross-border yuan trade settlement deal from the BOC (Hong Kong).The government is considering enlarging the scope of cross-border yuan settlement from commodity trade into service trade, said the report.Yuan settlement was in accordance with the market demand, said Cao Honghui, a researcher with the Chinese Academy of Social Sciences, but increasing the yuan's global acceptance would be decided by factors such as the country's economic development and the financial system development.

BEIJING, May 1 (Xinhua) -- The 2010 Shanghai World Expo opened on Friday night, attracting the attention of the world and international participation and earning heartfelt congratulations.Some 20 world leaders attended the opening ceremony and toured the Expo, including French President Nicolas Sarkozy and South Korean President Lee Myung Bak.Chinese President Hu Jintao met Prime Minister of the Netherlands Jan Peter Balkenende in Shanghai Saturday.Balkenende spoke highly of the opening ceremony and fireworks and said he was impressed deeply by the China National Pavilion and Sichuan Pavilion he visited Saturday morning.Spectacular fireworks explode over China Pavilion at the World Expo Park during the opening ceremony for the 2010 World Expo held in Shanghai, east China, April 30, 2010.While meeting European Commission President Jose Manuel Barroso in Shanghai Saturday, President Hu thanked the EU for its participation in the Shanghai World Expo, the organization's first presence at a World Expo held outside the EU countries.Barroso said the ceremony was a great event that showcased a modern China and a China that was much respected.He also said the Expo would be conducive to a stronger common understanding between China and the EU.Canadian Prime Minister Stephen Harper issued a statement Friday, saying he expected the Canada Pavilion would show Canada as a modern, democratic and pluralistic country."The Expo itself will provide us with an opportunity to build stronger economic, diplomatic and cultural ties with China as we showcase our country, our arts and culture, and our values," he said.Expecting millions of visitors from around the world over the next six months, he said: "Let us seize this opportunity to promote our country and build closer ties with our trading partners."Rafal Baniak, undersecretary of state in Poland's ministry of economy, said Saturday at a ceremony at the Shanghai Expo to open his country's pavilion that the Polish people wanted to give the world a better understanding of Poland's economic development through the Expo.He added that Poland wished to foster closer economic ties with China.Chairman and CEO of the U.S. Greater China Corporation, John W. Allen, told Xinhua in an email interview after the opening ceremony that "like the Beijing Olympics, the Shanghai Expo is bigger and better than any previous such event and will definitely set the standard for the future."Allen echoed Chinese President Hu Jintao's remarks that the Expo was a "showcase of the best achievements of human civilization.""It serves as a beacon for peace rather than a capacity for war," he said, "The Shanghai Expo will probably become an even hotter topic among Americans as China has once and again stunned the world by showcasing its might and skills of handling such big events."In an interview with Xinhua, Milan's Mayor Letizia Moratti, whose city will host the next World Expo said: "Shanghai Expo will be a monumental exposition, with many magnificent buildings created by architects from all over the world.""We have many things to learn from China's ability to quickly innovate, open to the world and adopt the best technologies," she said while extending her warm congratulations on the opening.

FUZHOU, April 3 (Xinhua) -- Chinese Vice Premier Wang Qishan has called for concrete measures to promote the construction of the economic zone on the western side of the Taiwan Strait.Wang made the remarks during his two-day inspection tour to the southeastern Fujian Province that ended Friday.Wang also asked local departments of commerce, customs, quality inspection, finance and tourism to make efforts to support the construction of the economic zone.During his visit to Pingtan Island, the fifth largest island in China, Wang inspected a bridge under construction that will connect the island with the mainland, as well as industrial development and the tourism industry on the island.Wang also visited the Wuyi Mountain and some tourist attractions in Fuzhou city, and urged a sound development of local tourism industry.

CAPE TOWN, South Africa, March 29 (Xinhua) -- China and South Africa on Monday stressed joint efforts to cement their strategic partnership.The pledge was made between China's top political advisor Jia Qinglin and Mninwa Mahlangu, the chairman of the National Council of Provinces of South Africa at Cape Town."China-South Africa strategic partnership has made new progress in recent years, "said Jia, the chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), China's top advisory body.China and South Africa, which forged the strategic partnership on equality, mutual benefit and common development in 2007, have witnessed frequent high-level visits and developed deeper political trust, Jia said. Jia Qinglin (R), chairman of the National Committee of the Chinese People's Political Consultative Conference, meets with Mninwa Mahlangu, chairman of the South African National Council of Provinces, in Cape Town of South Africa, March 29, 2010Mahlangu welcomed Jia's visit and reviewed the progress in bilateral cooperation since the two countries established diplomatic ties in 1998.China has become South Africa's biggest trade partner and exporter as bilateral trade volume hit a historic high of more than 16 billion U.S. dollars in 2009 despite the international financial crisis, according to the Chinese Customs.Of African nations, South Africa was the one drawing the biggest number of Chinese tourists and students who pursued higher education in the country at the southern tip of Africa.China and South Africa have supported each other on issues concerning their core and major interests, Jia said, adding the two countries have coordinated closely on international affairs.Jia noted that South Africa would host the FIFA World Cup in summer, which is the first one to be staged in African continent."This is the glory and pride of all peoples in the African continent. We wish you a successful and wonderful World Cup," Jia told Mahlangu.Looking to the future, Jia said China would like to work with South Africa to deepen cooperation in all fields and bring bilateral partnership to a new high.Mahlangu proposed the two countries learn from each other and work closely in trade and investment. He also reaffirmed that South Africa would adhere to the one-China policy.Jia and Mahlangu agreed on furthering the exchanges between the CPPCC and the National Council of Provinces of South Africa.On China-Africa relations, Jia said China is committed to boosting the all-round relationship between the world's biggest developing country and the continent with the largest number of developing countries.Jia said China has paid much attention to implementing the eight new measures introduced by Chinese Premier Wen Jiabao last November in Egypt, which included debt cancellation, agriculture production, infrastructure and education.Jia said China would help African countries cope with the challenges of the international financial crisis and seek sustainable development.Mahlangu praised the role of China-Africa Cooperation Forum, saying South Africa will work with China to carry out the mechanism and deepen China-Africa cooperation.South Africa is the last leg of Jia's 10-day African tour which has already took him to Cameroon and Namibia.Jia will also travel to Johannesburg and Pretoria to continue his visit to the country at the southern tip of Africa.He is scheduled to meet with South African President Jacob Zuma on Tuesday afternoon.

GUANGZHOU, May 30 (Xinhua) -- Li Qihong, mayor of Zhongshan in south China's Guangdong Province, is under investigation for "alleged serious disciplinary offences in economic activities," a local anti-graft body said late Sunday.The provincial commission for discipline inspection didn't reveal further details.