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ATHENS, Oct. 3 (Xinhua) -- Chinese Premier Wen Jiabao on Sunday pledged to support a stable euro and strengthen cooperation with the European Union (EU)."China will not reduce its euro-bond holdings and China supports a stable euro," Wen said during a speech at the Greek parliament.China and the EU have signed a string of important trade investment contracts to help Europe overcome its financial difficulties, said Wen who arrived in Athens on Saturday on a three-day official visit.Since the outbreak of the global financial crisis, Chinese leaders have visited Europe several times and had frequent meetings with EU leaders, noted the Chinese premier.That, he said, shows Beijing attaches great importance to China-EU relations and "wants to join you in a concerted effort to tide over difficulties."After some European countries suffered sovereign debt crisis earlier this year, Wen said, his government announced many times that Beijing firmly supports the measures adopted by the EU and the International Monetary Fund."China is sincere in enhancing cooperation with Europe and we are confident about the prospects of our cooperation," Wen said.Thanks to joint efforts, China-EU trade has already exceeded the pre-crisis level, he said."China is committed to advancing China-EU relations. This is not an expediency, but a long-term strategic policy," Wen said.

BEIJING, Oct. 23 (Xinhua) -- China's Ministry of Finance (MOF) announced Friday it would sell 28 billion yuan (4.2 billion U.S. dollars) of book-entry discount treasury bonds from next Monday.The bonds would be sold at a discount and mature at face value, said the ministry in a statement on its website.With a term of 91 days, the issue price of the discount bonds would be 99.542 yuan, said the statement.The bonds will be sold from Oct. 25 to 27 and become tradable on inter-bank and securities bond markets on Oct. 29.The issue is the 14th batch of its kind this year.

WASHINGTON, Sept. 20 (Xinhua) -- U.S. President Barack Obama said Monday that China's rapid economic development is in the interest of U.S. economy."It's good for us that China has done well," Obama said at a town-hall-style meeting telecast live on CNBC before heading to Pennsylvania to raise money for a Democratic Senate candidate.His address is in line with U.S. Secretary of Treasury Timothy Geithner's testimony to the Congress last Thursday."We have very significant economic interests in our relationship with China," Geithner said, "a strong and growing China benefits the United States, just as a strong and growing United States is good for China."In responding to a question about China's currency issue, Obama said that China's currency is lower than the market says that it should be, but trade is in the benefit for both sides."I just want to make sure trade is good for American businesses and American workers," Obama said."We are going to continue to insist that on this issue, and on all trade issues between us and China, that it is a two-way street, " he said.Facing November elections shaped by voter anger at the sour economy, U.S. lawmakers are weighing bills that would slap sanctions on Chinese goods, amid accusations that China keeps its currency -- and thereby its exports -- artificially cheap.The Obama administration acknowledged that China's imports supported the global economy and contributed substantially to recovery around the world.With over 1.3 billion people and an economy continuing to grow at or near double-digit rates, China is the U.S.' fastest-growing major overseas market.China's record of bringing hundreds of millions out of poverty, building a rapidly growing middle class, and now its efforts to encourage growth led by domestic demand, ultimately mean more demand for American goods and services.In order to pull the economy out of recession, Obama launched National Export Initiative (NEI) in March and set the goal of doubling the U.S. export in five years and creating two million jobs in the country.The Obama administration is clear that the vast Chinese market is a crucial part to fulfill the goal."Increasing opportunities for U.S. firms and workers through expanded trade and investment with China will be an important part of the success of the President's National Export Initiative and our efforts to support job growth more broadly."According to the Treasury Department, China is a critical market for a broad range of American products, from agriculture, to manufacturing, to services.China was the largest market for U.S. soybeans last year, importing over 9 billion dollars.In the manufacturing sector, the United States has already exported nearly 3.5 billion dollars in aircraft to China this year alone, and U.S. exports of automobiles and parts to China have grown over 200 percent.The issues in China and U.S. economic relations and trade should be properly solved through consultations on an equal footing. Exerting pressure cannot solve the issue. Rather, it may lead to the contrary, China's Foreign Ministry said recently.

BAISE, Guangxi, Nov. 2 (Xinhua) -- Tired? How about sitting down and having a cup of coffee in a cozy cafe some 150 meters underground in a real coal mine?This is not day dreaming on the part of China's miners who usually toil down in the mine for meager wages and sometimes have to risk their lives.A coal mine operator in Baise city, southwest China's Guangxi Zhuang Autonomous Region, has set up a cafe in the Donghuai Coal Mine as a part of the measures taken to improve underground working conditions, Xinhua reporters saw.Miners now can enjoy light music, crack a joke with loved ones through a walkie-talkie, or simply take a nap in the cafe. There are also sets of desks and chairs, potted plants and even a fish bowl."We have left no loop-holes in safety checks and try to do more," said Yi Peiyi, a deputy director of the local mining administration.He said the city plans to spend 80 million yuan (12 million U.S. dollars) to make mines modern and safe beginning in 2005.China's coal mines were notorious for accidents in the past few years as mines, including many with inadequate safety measures, were pushed to run at maximum capacity to meet the massive energy needs of a fast growing economy.More than 2,600 miners were killed in China's mining accidents last year. However, the death toll was already significantly less than those recorded in previous years.Last month, China's mine workers and bosses joined the world in cheering the successful rescue of 33 Chilean miners and were awed at the professional and modern working conditions of their Chilean counterparts.Additionally, industry authorities and safety watchdog officials have ordered mine bosses to double their efforts to improve safety measures and underground working conditions.

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.