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BEIJING, Jan. 12 (Xinhua) -- The Chinese yuan strengthened to a record high against the U.S. dollar on Wednesday to reach 6.6128 per dollar.The central parity rate of the Chinese currency, also known as the renminbi (RMB), was set 88 basis points lower than Tuesday's 6.6216, according to the China Foreign Exchange Trading System.China's central bank announced on June 19, 2010, it would further reform the yuan exchange rate formation mechanism to improve its flexibility.On China's foreign exchange spot market, the yuan can rise or fall 0.5 percent from the central parity rate each trading day.The central parity rate of the 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 each business day.
BEIJING, Jan. 14 (Xinhua) -- China will never seek hegemony, regardless of its growing power, Vice Foreign Minister Cui Tiankai reiterated the official stance Friday.Cui made the remarks at the second Lanting (Blue Hall) Forum in response to a question on whether China will gradually ignore its former leader Deng Xiaoping' teaching of "maintaining a low profile."Cui said that although China's state power had greatly strengthened over the past 30 years after the reform and opening up, China would not change its foreign policy or its development goals, "as it's not in accordance with China's long term interests."Cui also said it was true that China has made notable progress over the past few years, but it was also true that China still lagged far behind the United States.The Lanting Forum, initiated by China's Ministry of Foreign Affairs, is a platform for communication and exchanges between officials, the business community, academia, media and the public.The forum aims to create a channel to facilitate discussions on foreign policies and issues of common interests.The theme of the second Lanting Forum is "China-U.S. Relations in the New Era."
BEIJING, Dec. 27 (Xinhua) -- More people enduring poor living conditions have been covered by China's social security system, according to the country's Ministry of Civil Affairs.Various figures disclosed during a national working conference held Monday by the Ministry in Beijing showed that as of November, about 75 million people had been provided with minimum living allowances, an increase of 5.4 percent from the same period of last year.In terms of medical services, 8.58 billion yuan (about 1.3 billion U.S. dollar) were spent in to aid nearly 60 million people in need in the first nine months of the year, up 28 percent than the same period last year.In addition, over one million vagrants and beggars with no means of support in cities had been receiving help as of December 2010.Also, the Ministry has set up aid centers for homeless juveniles in 40 counties and cities with 30 million yuan of the proceeds from the welfare lottery.
GUANGZHOU, Dec. 14 (Xinhua) -- Chinese Vice Premier Li Keqiang called for more efforts from local authorities to stabilize prices and improve people's lives.Li made the remarks during a two-day inspection tour from Sunday to southern China's Guangdong Province, where he opened the first Asian Para Games in the provincial capital city of Guangzhou.Li said more efforts should be made to stabilize prices and make the country' s macro control policies more targeted, more flexible and more effective.When touring a vegetable production base in the province's Qingyuan City, Li said local governments should make every effort to ensure the market supply of daily necessities such as principal agricultural products, while keeping prices stable.Chinese Vice Premier Li Keqiang (R, front) talks with athletes taking part in Guangzhou 2010 Asian Para Games in Guangzhou, capital of south China's Guangdong Province, Dec. 13, 2010. Li made a two-day inspection tour to Guangdong Province from Dec. 12 to 13.China's consumer price index, a measure of inflation, jumped to a 28-month high at 5.1 percent in November, boosted mainly by soaring food prices. The November CPI figure well exceeded the Chinese government's full-year CPI target of 3 percent.Local governments should build more public facilities, offer better public service and create a more comfortable living environment for the public during the urban construction and municipal management, Li said.
WUHAN, Nov. 14 (Xinhua) -- Chinese Foreign Minister Yang Jiechi said on Sunday that Sino-Indian relations have global influence as well as strategic significance.Yang made the remarks while meeting with his Indian counterpart, S.M. Krishna, in Wuhan, capital of central China's Hubei Province, during the 10th China-Russia-India foreign ministers' meeting.This year marked the 60th anniversary of the establishment of Sino-Indian diplomatic relations, said Yang.Yang also praised the continuing development of bilateral ties over the past 60 years, featuring frequent high-level exchanges and continuously enhanced bilateral cooperation in all areas.Chinese Foreign Minister Yang Jiechi (R) shakes hands with his Indian counterpart S.M. Krishna before their meeting in Wuhan, capital of central China's Hubei Province, Nov. 14, 2010.On international and regional issues, the two countries' communications and coordination are also becoming closer, said Yang, noting that China attached great importance to the strategic cooperative partnership with India.Further, leaders of China and India have agreed that the world is large enough to accommodate the common development of both China and India, and broad enough for the two countries to improve their cooperation, said Yang.Yang stressed that China was willing to work with India to seriously implement the consensus reached by both leaders, and strengthen bilateral communication, coordination and cooperation to promote the development of bilateral ties in the areas of politics, economics, trade, and culture.For his part, Krishna said India and China were ancient civilizations exerting important influence on the international affairs of this century. India attached great importance to the relationship with China, hoping to enhance high-level exchanges and mutual trust between the two countries with the goal of boosting bilateral relations.Krishna noted that India placed special emphasis on trade cooperation with China, welcoming more Chinese enterprises to invest in the future in Indian manufacturing industry and infrastructure construction.The two ministers also exchanged views on international issues of common concern.It was also noted that bilateral trade has increased, with an annual growth rate of more than 30 percent since 2004.Additionally, statistics released by the Chinese General Administration of Customs showed that the trade volume of the two countries had reached around 45.43 billion U.S. dollars from January to September, up 43.7percent compared with the same period last year.Chinese Foreign Minister Yang Jiechi, Russian Foreign Minister Sergei Lavrov and Indian Minister of External Affairs S.M. Krishna arrived in Wuhan Saturday afternoon for trilateral talks slated for Nov. 14 to 15.On the sidelines of the two-day meeting, Yang will also have separate bilateral talks with his Russian counterpart.During the two-day meeting, the three foreign ministers are scheduled to discuss international and regional issues of common interest aimed at promoting practical cooperation among the three countries.The last round of meetings of this kind was held in India in October 2009.