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BEIJING, Oct. 9 (Xinhua) -- China's Vice Premier Li Keqiang has stressed the importance of quality management, proper resettlement of people, environmental protection and preventing corruption in building the country's South-to-North Water Diversion Project.North China had long suffered from water shortages and the project is a strategic infrastructure goal that would benefit the Chinese people, Li told high-ranking government officials at a forum held Saturday in Nanyang, a city in central China's Henan Province.According to a design, a canal serving the middle route of the South-to-North Water Diversion Project will be in Nanyang City.Building the project concerns China's national economic and social development and the long-term development of the Chinese nation, said Li, also director of the South-to-North Water Diversion Project Commission (SNWDPC) of the State Council.Further, the enormous complexity of the South-to North Water Diversion Project called for excellent coordination and organization in pushing forward the construction, he said.Li also stressed the importance of quality management in the project, saying quality control was the core task for building the project into a world-class one.Also, resettlement of people is a key issue in carrying forward the project, and efforts needed to be made to make sure that people are properly resettled and they have the capabilities to increase their wealth, he said.Additionally, Li said, during the process of building the project, more attention should be given to protecting water resources and preventing water pollution.He also called for strengthened supervision of the funding used for the project to prevent corruption and to punish those violating the law.The South-to-North Water Diversion Project is designed to divert water from the water-rich south of China, mainly the Yangtze, the country's longest river, to the country's arid northern part. It will consist of three routes: eastern, middle and western ones. The project started with construction of the eastern route in 2002.Up to now, both of the eastern and middle routes are already under construction. The western route, meant to replenish the Yellow River with water from the upper reaches of the Yangtze through tunnels in the high mountains of western China, is still at the planning stage.About 330,000 people in Hubei and Henan provinces will be relocated before the middle route is completed in 2014.
SANYA, Hainan, Oct. 31 (Xinhua) -- Chinese State Councilor Dai Bingguo held an unofficial meeting with U.S. Secretary of State Hillary Clinton Saturday evening in Sanya, a city of southern China's island province of Hainan.The two sides exchanged views on Sino-U.S. relations and issues of common concern in a "candid and friendly" manner, the Chinese Foreign Ministry said after the meeting.According to the ministry, Dai and Clinton had positive evaluation of recent Sino-U.S. relations, and stressed the two sides would continue to seriously implement the consensus reached by the two state leaders.Chinese State Councilor Dai Bingguo (R) meets with U.S. Secretary of State Hillary Clinton during an unofficial meeting in Sanya, south China's Hainan Province, Oct. 30, 2010.They pledged to enhance dialogue, mutual trust and cooperation, properly handle differences and sensitive issues on the basis of mutual respect, and make concerted efforts to contribute to a positive, cooperative and comprehensive China-U.S. relationship in the 21st Century.They also agreed that Chinese President Hu Jintao's scheduled visit to the United States early next year is of great significance to the development of bilateral ties, and the two sides would keep close contact and make preparations to create favorable atmosphere and ensure the success of the visit.

BEIJING, Oct. 11 (Xinhua) -- The value of yuan, China's currency Renminbi, hit new high against U.S. dollar Monday as the central parity rate of the yuan was set at 6.6732 per U.S. dollar, according to the data released by the China Foreign Exchange Trading System.Monday's central parity rate beat the previous record of 6.6830 on Oct. 8.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 Monday's central parity, the Chinese currency has strengthened against the U.S. dollar by about 2.26 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.China would continue reform of the formation mechanism of its currency exchange rate to improve its flexibility, but will do so in a gradual way, Zhou Xiaochuan, Governor of the People's Bank of China, China's central bank, said in Washington on Sunday.
BEIJING, Oct. 29 (Xinhua) -- China Merchants Bank said Friday its profit rose 57.4 percent to 20.59 billion yuan (3.07 billion U.S. dollars) in the first three quarters from one year earlier.The jump in net profit was mainly due to higher interest income, the bank said in its business report filed with the Shanghai Stock Exchange.Also, total assets of the mid-sized lender had expanded to 2.36 trillion yuan by the end of September, up 14.10 percent from the end of 2009.Additionally, the bank's non-performing loan ratio was 0.64 percent, down 0.18 percentage points from the beginning of this year.Shares of the bank were down 2.41 percent at 14.57 yuan in Shanghai and down 1.13 percent at 21.95 HK dollars in Hong Kong Friday.
ISTANBUL, Oct. 9 (Xinhua) -- Chinese Premier Wen Jiabao left here for home on Saturday after concluding his visit to Turkey, the last leg of his four-nation tour.During the eight-day tour, which also took him to Greece, Belgium and Italy, Wen participated in more than 70 meetings and events.In Brussels, Wen attended the 8th Asia-Europe Meeting (ASEM) and the 13th China-EU summit, on the sidelines of which he addressed the first China-EU high-level cultural forum.The Chinese premier also paid a brief visit to Berlin as a guest of German Chancellor Angela Merkel during his stay in Brussels.
来源:资阳报