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BEIJING, June 10 (Xinhua) -- A solution that satisfies all parties' concerns through dialogue and negotiation is the right course for the settlement of the Iranian nuclear issue, said Chinese Foreign Ministry spokesman Qin Gang early Thursday morning.Qin made the remarks when commenting on a new UN resolution on the Iranian nuclear issue, which prohibits Iran from investing abroad in nuclear and enrichment operations and imposes binding new restrictions on Iran's import of conventional arms.The resolution was the fourth set of UN sanctions against Iran since December 2006, with 12 votes in favor. Brazil and Turkey, two non-permanent members of the Security Council, voted against the draft resolution while Lebanon, another non-permanent member, abstained."China always holds it is the right way to address the Iranian nuclear issue through dialogue, negotiation and other diplomatic means to seek a solution that satisfies the concerns of all parties", said Qin.China's consideration in addressing the issue is to maintain the validity of the international nuclear non-proliferation mechanism and safeguard peace and stability in the Middle East, Qin said, adding China supports the dual-track strategy for resolving the issue.

BEIJING, June 21 (Xinhua) -- China's announcement that it would allow more flexibility in its yuan exchange rate meant an end to the crisis-mode policy the government took to cushion the blow from the global financial crisis, experts interviewed by Xinhua said Monday.The People's Bank of China, also known as the central bank, said Saturday that it decided to proceed even further with the reform of the Renminbi exchange rate to add flexibility to the RMB exchange rate.The decision was made in view of the recent economic situation and financial market developments at home and abroad, as well as due to the balance of payments situation in China, the central bank said. However, it ruled out a one-off revaluation of the yuan as there was no basis for large changes in its value.Experts noted it was the correct time for the exchange rate policy to return to its normal state, given the consolidated economic recovery, large decline in trade surplus and more balanced international payments.Zhao Xijun, deputy dean of the School of Finance with the Renmin University of China, said the normalization of China's exchange rate policy would intensify China's economic connection to the global economy and help promote the country's economic restructuring and adjustments of its development mode.China moved to a managed floating exchange rate regime in July 2005 which was based on market supply and demand and referencing a basket of currencies. The reform of the RMB exchange rate has made continuous progress since then, producing the anticipated results and playing a positive role.The financial crisis which broke out in the United States in 2008 shook the global financial markets and dented investment confidence. To counter fallout from the economic turmoil, nations rolled out their crisis-mode measures.Zhou Xiaochuan, governor of the central bank, said in March that the exchange rate policy China took amid the crisis was part of the government's stimulus packages, and would exit "sooner or later" along with other crisis-measures.China's economy expanded at 11.9 percent year on year in the first quarter of this year and exports surged 48.5 percent in May, government data showed.Zhao said China narrowed fluctuation of the RMB exchange rate to stabilize market sentiment and stimulate economic growth amid crisis, which was in the interests of China and contributed to the country's economic recovery.During the worst of the global crisis, exchange rates of a number of sovereign currencies to the U.S. dollar depreciated by large margins while the yuan kept stable. Against these depreciating currencies, the value of the yuan has been rising."Undoubtedly, it improved the trade environment for these countries and helped them through hard times," Zhao said, noting the policy contributed significantly to the Asian and global recovery."Narrowing the fluctuation of the yuan's value was the best exchange rate policy China could take during the crisis period, which gave export businesses a stable expectation of the yuan's value and reduced costs caused by a volatile currency," said Xiang Songzuo, Deputy Director of the Center for International Monetary Research at Renmin University of China.The central bank's move also intended to increase competitiveness of export businesses and accelerate economic restructuring.Zhao said when the RMB exchange rate regime becomes more market-oriented, China's export businesses should take more responsibilities and become more self-reliant.The central bank said Sunday that the management and adjustment of the yuan exchange rate would occur gradually, which was necessary to give export businesses time to adjust their business structures and create more jobs in the service sector.Cao Honghui, senior researcher with the Institute of Finance and Banking under the Chinese Academy of Social Sciences, said the further proceeding meant China would rely more on domestic demands for economic growth, which would push forward adjustments of the global economic structure.The central parity of the Renminbi against the U.S. dollar remained at 6.8275 Monday, unchanged from the previous trading day, according to the China foreign Exchange Trading System.

ATHENS, June 15 (Xinhua) -- Visiting Chinese Vice Premier Zhang Dejiang and his Greek counterpart Theodoros Pangalos on Tuesday agreed to enhance bilateral cooperation in various areas including economy, education, culture and international affairs.Zhang said that China is willing to cooperate with Greece to push forward their comprehensive strategic relations.China is ready to cooperate with Greece to expand bilateral trade and investment, and strengthen mutual understanding and friendship between the two countries, he said. Greek Deputy Primer Minister Theodoros Pangalos (L) meets with Chinese Vice Premier Zhang Dejiang in Athens, Greece, on June 15, 2010. Zhang is in Greece for an official visit. China is also willing to expand its import of Greek products and hopes that Greece could provide convenience and support for Chinese enterprises that made investments or started businesses there, said Zhang.He also urged the two sides to boost maritime cooperation.Pangalos hailed China-Greece relations as "excellent," saying Greece will continue to strengthen its strategic relations with China, and carry out effective cooperation in regional and international issues.Pangalos said Greece also hoped that the two governments could strengthen cooperation in maritime affairs, trade and economy and investment so as to achieve common development.The two nations signed a total of 14 cooperation agreements on Tuesday in the presence of the two vice premiers.

ISTANBUL, June 8 (Xinhua) -- China Tuesday called on Asian countries to increase trust and coordination in the post-financial- crisis era as part of efforts to work together for a secure and stable Asia.The statement was made by Chinese State Councilor Dai Bingguo at the 3rd Summit of the Conference on Interaction and Confidence Building Measures in Asia (CICA), which was held in Istanbul.To create a good regional environment, he said, it is important to make full use of the CICA and other regional mechanisms of multilateral exchanges and cooperation."This serves the interests and meets the common needs of all countries," said Dai, who came for the meeting as the special representative of Chinese President Hu Jintao.Addressing heads of state and senior officials from about 40 countries, Dai noted that international competition and cooperation will take place at higher levels and in broader areas.Asia, as part of the global village, faces unprecedented development opportunities and multiple options of regional cooperation, he said.At the same time, he said, it is also plagued by quite a number of hot-spot issues and security threats. Maintaining peace and stability, promoting economic development and improving people's well-being remain a long-standing and arduous task.Therefore, he said, "We should stay committed to the new security concept of mutual trust, mutual benefit, equality and coordination, which requires us to not only value our respective national security, but also accommodate the legitimate security concerns of other countries and respect each other's core interests.""We should commit ourselves to peaceful approaches to disputes and differences and joint response to all kinds of threats and challenges, including terrorism, separatism, extremism, drug trafficking and organized transnational crimes, so as to maintain long-term security and stability in the region," he said.The Chinese senior official also urged CICA member countries to work together for a developed and prosperous Asia, saying " Development is a fundamental issue that is essential to the welfare and security of the people in all Asian countries."Right now, he said, most countries in Asia are developing countries and two thirds of the world's poor are found in Asia. " It is therefore important that all Asian countries should adhere to the policy of mutually beneficial and win-win cooperation, strengthen coordination of macro economic policies and actively explore their unique advantages and potential."Dai said that Asian countries should work together for harmony and progress in Asia. "We should treat each other with sincerity, good-will and an open and inclusive mind, and we should allow different countries, nations, faiths and civilizations to live in harmony and move forward together through mutual learning."

BEIJING, July 30 (Xinhua) -- China's gross domestic product (GDP) is expected to expand more than 9 percent in 2010, Yi Gang, head of the State Administration of Foreign Exchange (SAFE), said Friday.Yi, also deputy governor of the People's Bank of China, the central bank, made the remarks in an interview with China Reform magazine, which is posted on the SAFE website Friday.China's GDP grew 11.1 percent in the first half of 2010 from the same period of last year.Yi said China's economic growth rate will eventually slow down because its economic base is expanding, while the country's development faces huge pressure in fields of environmental protection, resources and energy."The restriction caused by environmental factors has been unprecedented, such as underground water, air, and carbon emission," Yi said.Yi said the priority of China's economy is the quality of the growth."That's why we have to restructure and transform growth modes -- for improving the growth quality and the efficiency," Yi said.