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BEIJING, Oct. 8 (Xinhua) -- The central parity rate of the yuan, China's currency Renminbi (RMB), jumped 181 basis points, or 0.27 percent, Friday to a new record high at 6.6830 per U.S. dollar, according to the data released by the China Foreign Exchange Trading System.Friday's central parity rate beat the previous record of 6.6936 on Sept. 29.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 Friday's central parity, the Chinese currency has strengthened against the U.S. dollar by 2.12 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 9.2951 Friday, higher from 9.1329 on Sept. 30, the last trading day.The yuan's rate against 100 yen was 8.1040 Friday, compared with 7.9999 on Sept. 30.The Chinese currency fell 61 basis points against the British pound with the central parity rate being set at 10.6079 from 10.6018 on the previous trading day.The central parity of RMB against the U.S. dollar is based on a weighted average of enquired prices from all market makers before the opening of the market in each business day.The central parity of RMB against the other five currencies is based on the central rate of RMB against the U.S. dollar of the same business day as well as the exchange rates of the five currencies against the U.S. dollar at 9 a.m. (0100 GMT) of the same business day in the international foreign exchange market.

TEHRAN, Sept. 29 (Xinhua) -- Senior Communist Party of China ( CPC) official Li Changchun visited Iran from Tuesday to Wednesday, met with Iranian leaders and stressed bilateral cooperation.Li, a member of the Standing Committee of the CPC Central Committee Political Bureau, conveyed sincere greetings and best wishes to Iranian people in a written speech issued upon his arrival at the airport early Tuesday morning.Iran is an ancient civilized country with a long history which has created the splendid Persian civilization and made important contribution to the development and progress of human civilization, he said.Exchanges between China and Iran began more than 2,000 years ago, and the ancient Silk Road witnessed the continuation and development of the friendship between the two countries, Li added."China values the traditional friendship between the two sides, and during my stay here I will meet and hold talks with Iranian leaders, exchange our ideas on boosting the bilateral relations, discuss new ways to promote political mutual trust and deepen mutually beneficial cooperation, and promote bilateral exchanges and cooperation in political, economic and cultural aspects to gain new achievements," he said at the airport.Li met here Tuesday morning with the Iranian president and vice president to discuss bilateral relations.When meeting with Iranian President Mahmoud Ahmadinejad, he thanked the Iranian leader for offering condolences to China when the country was hit by severe natural disasters, including the earthquake in Yushu, Qinghai province, and the mudslides in Zhouqu, Gansu province, and his attendance at the Shanghai Expo to celebrate Iran's National Pavilion Day.With joint efforts by the two countries in recent years, bilateral relations have maintained a good momentum, political mutual trust has been enhanced and bilateral trade cooperation has been widened, exchanges in culture, education and tourism have been expanded, and traditional friendship between the two peoples has been deepened.The two countries are faced with challenges as well as development opportunities regarding regional and world stability, tackling the impacts of the international financial crisis and boosting economic development, he noted.The CPC official said China is willing to cooperate with Iran to seize the opportunities to consolidate and develop bilateral relations in various areas.Li put forward a four-point proposal to develop bilateral relations, including maintaining high-level contacts and deepening political mutual trust, boosting pragmatic cooperation, strengthening cultural exchanges, and maintaining coordination in international affairs.Li and Ahmadinejad exchanged their views on international and regional issues of common concern.Li reiterated China's stance to solve the Iranian nuclear issue through negotiations. "China is willing to continue playing a constructive role in this regard," he said.Ahmadinejad asked Li to convey his greetings to Chinese President Hu Jintao and said he agreed with Li's proposal on further boosting bilateral relations.The Iranian president pointed out that Iran and China share similar views on the current world situation and global issues, and they face similar challenges and opportunities."Development of friendly relations between the two countries is in the interest of the two peoples and regional peace," he said. "Iran will continue implementing friendly policies toward China, boost pragmatic cooperation in different fields and realize the common development of the two sides."While expressing appreciation for China's long-standing efforts to help solve the Iranian nuclear issue, he said Iran is committed to solving the issue through negotiations.

BEIJING, Sept. 11 (Xinhua) -- China's August economic data released Saturday gave relief to market participants, with the figures demonstrating the economy's continued momentum despite the government's tightening measures and moves to cool the property market.Higher-than-expected growth in fixed asset investment, industrial production, retail sales and new loans, as well as the August trade data announced Friday, all pointed to the increasing strength of the Chinese economy.SIGNS OF RE-ACCELERATIONChina's industrial value-added output growth accelerated to 13.9 percent year on year in August from July's 13.4 percent growth, the National Bureau of Statistics (NBS) data showed.The rebound was the first increase in the speed of growth in industrial value-added output this year, after seven consecutive months of decreases in the rate of growth as the government introduced curbs on bank lending to energy-intensive industries and the property market. People buy vegetables in a market in Hefei, capital of east China's Anhui Province, Sept. 11, 2010. The consumer price index (CPI) rose 3.5 percent year on year in August, 0.6 percent higher than in July, the National Bureau of Statistics announced Saturday."It is a good result," the NBS spokesman Sheng Laiyun said, adding the August output data was a mild rebound from the 13.4 percent growth in July and 13.7 percent growth in June, suggesting China's industrial production stabilized from fast expansion in the first half.Retail sales growth accelerated to 18.4 percent in August. Urban fixed asset investment also maintained a strong growth in the first eight months, up 24.8 percent from a year earlier.Further, an unexpected acceleration in China's imports last month pointed to strong domestic demand. Exports grew 34.4 percent year on year in August, slowing from July's 38.1-percent surge, while imports rose 35.2 percent in August, sharply up from the 22.7-percent increase in July, customs data showed Friday.Zhang Liqun, a researcher with the State Council's Development Research Center, said the investment, consumption and exports data were good and suggested that China's economic growth rates will not decline significantly.New yuan-denominated lending picked up to 545.2 billion yuan (80.53 billion U.S. dollars) in August compared with the 532.8 billion yuan in July, the People's Bank of China, or the central bank, said in a separate statement Saturday.China's broad money supply (M2), which covers cash in circulation and all deposits, increased 19.2 percent year on year by the end of August, up 1.6 percentage points from the end of July.The rebound of M2 from July indicated that China's economic slowdown was not as rapid as expected, said Liu Yuhui, economist with the Chinese Academy of Social Sciences."The overall economy is stable and sound. It is heading in the direction expected and as set by the government's macro-economic controls," Sheng said.Earlier figures showed that China's GDP grew 11.1 percent year on year in the first half of the year. But its economic growth rate slowed to 10.3 percent in the second quarter, from 11.9 percent in the first three months the year.

MUSCAT, Nov. 6 (Xinhua) -- China's top political adviser Jia Qinglin arrived here Saturday for an official goodwill visit intended to promote the development of relations between China and Oman.Jia, chairman of the Chinese People's Political Consultative Conference (CPPCC) National Committee, delivered a written speech at the airport of the Omani capital.In the speech, Jia hailed the traditional friendship and fruitful cooperation between China and Oman, which was once connected by the "Silk Road", pledging to enhance mutual understanding and friendship between the two countries and the two peoples through his visit.Oman is the third leg of Jia's four-state visit. He has visited Syria and Poland and will visit Kazakhstan. 

BEIJING, Sept. 27 (Xinhua) -- Top Chinese legislator Wu Bangguo and Premier Wen Jiabao met with visiting Russian President Dmitry Medvedev Monday, with all three vowing to step up bilateral cooperation.Defining Russia as China's "most important strategic partner," Wu told Medvedev China always regards relations with Russia a priority.He said this year is important for China-Russia ties, citing frequent meetings between state leaders and vigorous trade growth.Medvedev told Wu he had an in-depth exchange of views with Chinese leaders on a wide range of topics and signed a series of important agreements during his "successful" China visit.Wu Bangguo (R), chairman of the Standing Committee of China's National People's Congress, the country's top legislature, meets with Russian President Dmitry Medvedev at the Great Hall of the People in Beijing, capital of China, Sept. 27, 2010.He stressed the importance of Russia-China relations to international relations.Chinese President Hu Jintao and Medvedev attended a ceremony marking the completion of the China-Russia crude oil pipeline after their talks Monday.Calling parliamentary exchanges a key component for the China-Russia strategic partnership of cooperation, Wu proposed enhancing exchange between legislatures and cementing cooperation on large projects.Medvedev agreed with Wu's suggestion, adding that his country highly values its strategic partnership of cooperation with China.Russia is ready to make joint efforts with China to strengthen high-level contacts and substantial cooperation in various areas, he added.

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