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BEIJING, Dec. 23 (Xinhua) -- China and the United States are in close touch for Chinese President Hu Jintao's state visit to the U.S. in January, Chinese Foreign Ministry spokeswoman Jiang Yu said Thursday.Jiang said President Hu's visit will be a major event of the China-U.S. relations in the new era, and China hopes the visit could further push forward the positive, cooperative and comprehensive China-U.S. relations.
BEIJING, Dec. 31 (Xinhua) -- On the last trading day of 2010, the Chinese currency, the yuan, strengthened to a record high for a second consecutive day, at 6.6227 per U.S. dollar, after 11 consecutive days of gains.The central parity rate of the currency, also known as the renminbi (RMB), was set two basis points stronger than Thursday's 6.6229, according to the China Foreign Exchange Trading system.China's central bank announced on June 19 it would further reform the formation mechanism of the yuan exchange rate to improve its flexibility.

BEIJING, Nov. 8 (Xinhua) -- China and Britain Monday vowed to boost their economic and trade ties on the eve of British Prime Minister David Cameron's two-day trip to Beijing.The pledge was made at talks between Chinese Vice Premier Li Keqiang and UK Chancellor of the Exchequer George Osborne, who will attend the third China-UK Economic and Financial Dialogue in Beijing on Tuesday.China and Britain share common or similar ground on issues like trade and investment liberalization and reform of the global economic governance system, Li said, expressing hope the two countries will deepen their cooperation.Chinese Vice Premier Li Keqiang (R) meets with British Chancellor of the Exchequer George Osborne who will attend the third China-UK Economic and Financial Dialogue, in Beijing, capital of China, Nov. 8, 2010.China hopes to work with Britain to oppose protectionism and advance the reform of the global financial regime, in a bid to facilitate the global economic recovery, Li added.Li said bilateral ties since the new British government, a Conservative-Liberal Democrat coalition, came to power have been good.He called for increasing political trust and deepening cooperation and coordination on international and regional issues.Osborne said the new British government attaches great importance to relations with China and added that Britain hopes to boost bilateral cooperation.Osborne will co-chair the annual China-UK Economic and Financial Dialogue with Chinese Vice Premier Wang Qishan on the day Cameron kicks off his first tour of China as British prime minister.Cameron, accompanied by the largest-ever delegation to China with four cabinet ministers and 50 top business leaders, is scheduled to meet with Chinese President Hu Jintao and Premier Wen Jiabao.With trade and the economy at the top his agenda during his China visit, Cameron will attend a China-Britain commercial summit in Beijing before heading to Seoul for the G20 Summit on November 11 and 12.Chinese Ambassador Liu Xiaoming earlier said Cameron's visit will further enhance Britain-China political trust and promote bilateral cooperation in various fields and "is of great importance to the long-term development of the bilateral relationship."
BEIJING, Nov. 25 (Xinhua) -- China's central bank warned about the risk of credit card related bad debt on Thursday as money owed 180 days past the due date was on the rise in the third quarter.Credit cards debt 180 days past the due repayment date stood at 7.92 billion yuan (1.19 billion U.S. dollars) by the end of the third quarter, up 8.5 percent from the second quarter, according to a statement released Thursday on the website of the People's Bank of China.Taking this into account, the central bank warned commercial banks to pay close attention to risks associated with credit card related bad debt.Money owed 180 days past the due repayment date accounted for 2.1 percent of the total amount of debt by the end of the third quarter, down 0.4 percentage point from the second quarter, according to the statement.
BEIJING, Jan. 4 (Xinhua) -- China's 2010 economic growth is estimated to reach about 10 percent, according to central bank governor Zhou Xiaochuan.In a speech published Tuesday by the People's Bank of China on its website, Zhou said he was not quite confident that the nation's economy has returned to normal, as external conditions continue exerting an important impact on China's economic recovery. ' Zhou stressed that China should be prudent in its macroeconomic policies and needs to conduct counter-cyclical adjustments against "over-expansion."He also reiterated that the government would promote a market-oriented reform of the interest rate regime in a gradual and unwavering way.Zhou first delivered his speech on Dec. 15 when policymakers were intensifying their efforts to curb property prices and dampen inflation, as the nation's consumer price index hit a 28-month high of 5.1 percent in November.
来源:资阳报