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BEIJING, Oct. 21 (Xinhua) -- China Thursday expressed its hope that East Asian cooperation would deepen through the upcoming series of leaders' meetings in Hanoi, Vietnam."China attaches importance to and actively takes part in East Asian cooperation. In the series of meetings, China will review with other countries the cooperation that has been carried out and discuss how to further promote the integration process of East Asian cooperation," said Assistant Foreign Minister Hu Zhengyue.Hu made the remarks at a press conference Thursday afternoon in which officials from the ministries of Commerce, Education and Finance briefed the press on Premier Wen Jiabao's scheduled attendance at the meetings.The meetings, lasting from Oct. 28 to 30, will include: the 13th summit between China and the Association of Southeast Asian Nations (ASEAN) (10+1); the 13th summit between ASEAN, China, Japan and the Republic of Korea (ROK) (10+3); and the fifth East Asia Summit.Wen will also attend a meeting with the leaders of Japan and the ROK.Hu said China hopes the meetings would promote good-neighborliness and boost cooperation between China and the other Asian countries."During his visit, Premier Wen, together with participating leaders of other countries, will review the achievements of China-ASEAN cooperation, 10+3 cooperation, and East Asian cooperation, as well as cooperation concerning East Asia Summit. He will also elaborate on how to strengthen cooperation. We believe his tour will further consolidate China's good-neighborly relationships and expand reciprocal cooperation," he said."East Asian countries should enhance mutual understanding through dialogue and communication. They should also create the conditions for the sound and stable development of regional cooperation and bilateral relations," Hu said.He also reaffirmed China's support for ASEAN's leading role in East Asian cooperation, saying he hopes the existing cooperation mechanisms serve the overriding goal of regional peace and prosperity.On the economic and trade cooperation front, Director of the Asian Affairs Department of the Ministry of Commerce (MOC) Lu Kejian said China hopes to work with ASEAN to steadily promote the development of the China-ASEAN Free Trade Area (CAFTA) while expanding two-way investment."We will strengthen communication with ASEAN to ensure the stable development of bilateral trade, especially in the services trade. We will also continue to increase imports from ASEAN countries and boost investment. China welcomes ASEAN companies investing in China and will support Chinese companies to invest in ASEAN countries," he said.

BEIJING, Oct. 13 (Xinhua) -- The value of yuan, China's currency Renminbi, hit new high against U.S. dollar Wednesday as the central parity rate of the yuan was set at 6.6693 per U.S. dollar, according to the data released by the China Foreign Exchange Trading System.Wednesday's central parity rate beat the previous record of 6.6732 on Oct. 11.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 Wednesday's central parity, the Chinese currency has strengthened against the U.S. dollar by about 2.32 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.The PBOC released the yuan's central parity rates against a basket of currencies -- the U.S. dollar, the euro, the Japanese yen, the Hong Kong dollar, the British pound and the Malaysian Ringgit.The yuan's parity rate against the euro was set by the central bank at 9.294 Wednesday, lower from 9.2574 on Oct. 12, the previous trading day.The yuan's rate against 100 yen was 8.1477 Wednesday, compared with 8.124 on Tuesday.

BEIJING, Nov. 4 (Xinhua) -- China will strengthen exchanges and cooperation with its neighboring countries to further deepen their mutual understanding and friendship, a senior Chinese diplomat said Thursday.Hu Zhengyue, Chinese assistant foreign minister, said China supports social and cultural exchanges between different countries on the basis of respecting each other's tradition, social system and developing mode.The recent years have seen dynamic exchanges between China and its neighboring countries and their cooperation has been broadened and enriched, Hu said in a Foreign Ministry media release."In 2009 alone, there are about 21.7 million visitors coming from northeast, southeast and south Asian countries," he said."Besides, more than 160,000 foreign students studying in China in 2009 were from Asian countries," he added.China attaches great importance to enhancing communication and exchanges between young people of Asian countries, and has established young people's regular exchanging mechanism with Japan, India, Vietnam, Mongolia and Pakistan, he said.

DUBLIN, Sept. 27 (Xinhua) -- Visiting senior Communist Party of China (CPC) official Li Changchun on Monday met with Irish President Mary McAleese and Prime Minister Brian Cowen to discuss bilateral relations.Li, a member of the Standing Committee of the CPC Central Committee Political Bureau, said that bilateral relations have developed steadily since China and Ireland established diplomatic relations. Especially in recent years, the two nations have increased high-level exchanges, enhanced political mutual trust and broadened trade cooperation.He added that China has become the biggest trading partner of Ireland in Asia for five consecutive years, and the two countries have reached fruitful achievements in science and technology, education and culture and maintained close coordination on international affairs.Li Changchun (R), a member of the Standing Committee of the Political Bureau of the Central Committee of the Communist Party of China, meets with Irish President Mary McAleese in Dublin, Ireland, Sept. 27, 2010.Li expressed appreciation for Ireland's adherence to the one- China policy and said China is willing to join hands with Ireland to strength dialogue and communication, deepen pragmatic cooperation in the various fields.For her part, McAleese said in recent years, closer political exchanges and trade cooperation between Ireland and China have further promoted the development of bilateral ties. She hoped that both sides would continue to maintain such positive momentum and expand cooperation to elevate the ties to a higher level.

BEIJING, Oct. 20 (Xinhua) -- China's central bank Tuesday announced a rise of its benchmark one-year lending and deposit rate by 0.25 percentage points effective from Oct. 20, a move widely seen as the government's action against inflationary pressure.The People's Bank of China (PBOC) said in a statement on its website that the one-year deposit rate will rise from 2.25 percent to 2.50 percent, and the one-year lending rate will increase from 5.31 percent to 5.56 percent.The rise, the first over the past three years, had not been anticipated and could be related to the impending September statistics and the third quarter statistics, said Jiang Chao, an analyst with Guotai Junan Securities.The CPI (Consumer Price Index), a key gauge of inflation, may maintain its high level in September, Jiang said.The rate hikes are the first in three years. The central bank last hiked rates on Dec. 21, 2007.The benchmark interest rate has been cut four times since the global financial crisis.Li Daokui, a member of the PBOC's monetary policy committee, said statistics showed China's economy has been bottoming out from the accelerated slump at the beginning of this year, but prices of goods remain at a high level, attracting attention from policy makers.Further, policy makers have to seek a balance between economic growth, restructuring and stable prices, Li said."Judging from the move, worries about soaring prices overwhelmed jitters on economic growth, as is the main reason for the interests rate hike. Negative interests rate (higher CPI increases than deposit interests rate) is also another reason," Li said.Liu Yuhui, an expert with the Institute of Finance and Banking at the Chinese Academy of Social Sciences, said the interests rate hike this time is related to expectations of inflation as the negative interests rate has continued for seven months.China has been experiencing hikes in prices of agricultural products, urban services like home rents and catering, Liu said."We believed it was caused by soaring labor costs, also related to issue of currencies and soaring living costs in cities," Li said.Prices of garlic, ginger and sugar have jumped in China's market. Sugar prices in Shanghai stood at 6,000 yuan (900.90 U.S. dollars) per tonne, much higher than 2,700 yuan per tonne seen one year earlier.