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BEIJING, Jan. 4 (Xinhua) -- The Chinese currency Renminbi, or the yuan, rose 8 basis points to a record high of 6.3001 against the U.S. dollar on Wednesday, according to the China Foreign Exchange Trading System.In China's foreign exchange spot market, the yuan is allowed to rise or fall by 0.5 percent from the central parity rate each trading day.The central parity rate of the yuan against the U.S. dollar is based on a weighted average of prices before the opening of the market each business day.

DOHA, Jan. 18 (Xinhua) -- Visiting Chinese Premier Wen Jiabao said here Wednesday that the Strait of Hormuz should be kept open under all circumstances and Beijing opposes "any extreme acts" at the strategic passageway."Any extreme acts across the Strait of Hormuz, under whatever circumstances they are taken, are against the common interests and aspiration of the people across the world," Wen told a press conference during his official visit to Qatar.The Chinese premier said that cargo transportation through the strait should be protected because it concerns the interests of the whole humanity.Chinese Premier Wen Jiabao attends a press conference in Doha, capital of Qatar, Jan. 18, 2012.China maintains that the Iranian nuclear issue should be resolved through peaceful means, he said, adding that Beijing supports the political process between Iran and the Iran Six, a diplomatic group made up of the United States, China, Russia, Britain, France and Germany.China firmly opposes Iran producing and possessing nuclear weapons and will work with concerned parties to establish a nuclear-free Middle East, Wen said, while stressing that China will not trade its principles for profits.However, just like many other countries, China has also kept "normal" and "justified" trade with Iran, which should be protected, Wen said, adding that should normal trade not be protected, the normal international order would be disturbed."I am not worried about the the normal trade between China and Iran at all," Wen told reporters.Wen arrived in Doha on Wednesday morning after concluding an official visit to the United Arab Emirates.

TEHRAN, Dec. 8 (Xinhua) -- Iranian inventors ranked first in the Seoul International Invention Fair (SIIF) in South Korea, the official IRNA news agency reported on Thursday.The three-member Iranian team from Tabriz city of Iran's northwestern East Azerbaijan province was ranked first by winning one gold and one silver medals in the fields of development and environment, said the report.South Korea, the United States and Chinese Taipei were selected as other three top teams after Iran.The Seoul International Invention Fair was held in the COEX Korea Exhibition Center from December 1 to 4, at which Some 700 participants from 32 countries and regions took part.

BEIJING, Dec. 18 (Xinhua) -- China's economic diplomacy will face growing challenges in the form of trade and exchange rate disputes, as well as the task of protecting overseas investment interests, over the next few years, experts said on Sunday.Next year will be an election year for the Unite States and France, and there is an increasing possibility for the two countries to use the "China threat" as an excuse for not dealing with their own economic issues, which will put Chinese diplomacy under pressure, said Ding Yifan, deputy director of the Institute of World Development of the Development Research Center of the State Council at a seminar on Chinese diplomacy.During the first half of 2012, several countries will remain in a grave debt crisis and may even see their crises deepen, Ding said, adding that this situation may create friction between China, the United States and Europe.Additionally, protecting China's growing overseas investments will pose new challenges for the country's diplomacy, Ding said.Chen Fengying, director of the Institute of World Economic Studies under the China Institutes of Contemporary International Relations, agreed that the protection of China's overseas investment interests will be an important task for Chinese diplomacy.During the past three decades, China has invested in more than 170 countries and regions, with outbound direct foreign investment topping 170 billion U.S. dollars.In the past 30 years, China has been focused on "bringing in" foreign investment; it may do more to facilitate its "going out" in the future, Chen said.Chinese economic diplomacy will serve the country's economic construction and the protection of its overseas interests, national interests and security, Chen said, adding that China's position in the world is closely related to its economic diplomacy.Chen said China has made several achievements in international economic governance, reflected by China's growing influence in the international arena and the posts held by Chinese officials in important international organizations.