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BEIJING, Jan. 29 (Xinhua) -- Chinese State Councilor Dai Bingguo and U.S. National Security Advisor Tom Donilon on Saturday both spoke highly of Chinese President Hu Jintao's state visit to the United States earlier this month.During a phone conversation, Dai and Donilon agreed that China and the United States should make joint efforts to properly implement the consensus reached by leaders on both sides and cement the achievements made during Hu's visit, which was on Jan. 18-21.They also said that the two sides should maintain the current momentum in the development of bilateral ties and devote themselves to building a cooperative partnership based on mutual respect and mutual benefit.

BEIJING, May 16 (Xinhuanet) -- NASA has readied the space shuttle Endeavour for its liftoff set for Monday, media reported Monday.Good weather looks 70 percent likely for Monday's scheduled launch of Endeavour, the next-to-last U.S. space shuttle mission as NASA develops a new generation of craft for longer voyages."The updated forecast Sunday for Monday's launch of the shuttle Endeavour remains unchanged with a 70 percent chance of good weather," said NASA spokesman Allard Beutel.The space shuttle Endeavour STS-134 sits on launch pad 39A after the rollback of the Rotating Service Structure at the Kennedy Space Center in Cape Canaveral, Florida May 15, 2011.Liftoff is set for 8:56 a.m. EDT (1256 GMT) from the Kennedy Space Center for the trip to the International Space Station after the U.S. space agency repaired a technical glitch that canceled last month's launch attempt.The initial April 29 launch attempt was scrubbed hours before liftoff when technicians discovered a power failure in a heating line that served to prevent fuel from freezing in orbit.The six-member crew of astronauts including five Americans and one Italian, Roberto Vittori, will deliver a potent physics experiment to probe the origins of the universe during the mission, which will include four spacewalks.The 16-day mission is intended to help get the space station ready for operations after the shuttle fleet is retired. The 135th and final shuttle launch is scheduled for early- to mid-July aboard Atlantis.

BEIJING, Feb. 14 (Xinhuanet) -- The exchange rate against the US dollar is currently at an appropriate level but could fluctuate in the future, Yi Gang, vice-governor of the central bank and head of the State Administration of Foreign Exchange, said on Sunday."In the future, as markets fluctuate and labor productivity changes, the rate will certainly show some fluctuation," he said at a seminar. Last Thursday, the yuan's central parity rate rose to a record high of 6.5849 against the US dollar, after rising for three consecutive trading days, before declining to 6.5952 on Friday.The yuan has appreciated about 3.6 percent against the dollar since mid-June. A report from the US Treasury said earlier that on an inflation-adjusted basis, the appreciation was even higher, at an annual rate of more than 10 percent.US Federal Reserve Chairman Ben Bernanke said last Wednesday that China's recent measures to control inflation by raising interest rates is "surprising" and urged Beijing to let its currency rise in value.Currently the exchange rate is still underestimated by no more than 10 percent, said Lu Mai, secretary-general of the China Development Research Foundation (CDRF).The resilience of exporters to the rising yuan is stronger than previously estimated, which helps to pave the way for more currency reform to liberalize the yuan, he said.In 2007 and 2008, the Chinese currency rose by 7 percent annually against the US dollar, but China's GDP only declined by 0.28 percentage points, with inflation down by 0.42 points and workers' wages up by 0.07 points, according to CDRF research."The figures showed that progressive currency reform since July 2005 was successful, and the government should accelerate the reform and further free the yuan in the next five years to promote healthy, long-term economic development," Lu said.China should keep the proportion of its trade surplus to GDP within 5 percent, and avoid further increasing its huge foreign exchange reserves to allow the currency to settle at a balanced level, he said.China's foreign reserves rose to a record .85 trillion at the end of last year, an 18.7 percent increase year-on-year, according to statistics from the People's Bank of China, the central bank.Yi said he took note of the CDRF findings, but emphasized that further moves depended on both the domestic and international economic situation and appropriate timing.Lu Feng, an economist at Peking University, said now is the right time to deepen currency reform and let the yuan trade at a higher price as inflation is rising.Analysts have predicted that the yuan will appreciate this year as inflation may see the government opt for a rising yuan to lower the cost of purchasing international commodities.Lian Ping, chief economist at the Bank of Communications, predicted the yuan would rise by 5 to 7 percent in 2011.

TOKYO, May 21 (Xinhua) -- Japanese Economy, Trade and Industry Minister Banri Kaieda met with visiting Chinese Commerce Minister Chen Deming in Tokyo Saturday and agreed the two countries will promote bilateral trade to assist Japan's recovery after the March 11 quake and tsunami.Chen, who accompanied Chinese Premier Wen Jiabao to Japan, told Kaieda that China will offer "as much cooperation as possible to help Japan's reconstruction" by providing necessary supplies.Kaieda said Japan will strive to restore production and supply chain disrupted by the disasters as soon as possible.The two sides said they will conduct various investment and trade activities to strengthen cooperation and personnel exchange, and facilitate the smooth flow of bilateral trade so as to promote sustainable development.The two ministers signed a document on expanding bilateral economic and trade cooperation. They also reaffirmed that free and open trade will help Japan's reconstruction efforts.

CHANGCHUN, Jan. 22 (Xinhua) -- Chinese Vice President Xi Jinping stressed political integrity as the most important criteria in electing Communist Party cadres, during his three-day inspection tour in northeast Jilin province, which ended Saturday.The standards of political integrity and professional competence, with the former being the most important, should be strictly observed in the upcoming election of the new term for Party Committee members at provincial, city, county and township levels, Xi, a Standing Committee member of the Communist Party of China (CPC) Central Committee Political Bureau, said.During his meeting with leaders of the provincial Party Committee and provincial government of Jilin, Xi said efforts should be made to reinforce the notion of putting people first and exercising the state power for the people among carders.Chinese Vice President Xi Jinping (2nd L front) talks with a staff member at a workshop of FAW car factory in Changchun, capital of northeast China's Jilin Province, Jan. 21, 2011. Xi made an inspection tour in Jilin from Jan. 20 to 22.While visiting a community Party organization, Xi also asked grass-roots Party organizations to give priority to building a closer bond with the public and serving the public.During his visit to several companies, including Changchun-based First Automobile Works, Xi called for efforts to develop technology-intensive industries and the manufacturing of high-end products to promote economic restructuring.He also visited flood-hit areas to observe the relocation of flood victims and reconstruction work. Jilin Province was hit by unprecedented floods last July and August.He asked local governments to rebuild flood-damaged homes as soon as possible and repair those destroyed water conservancy projects and encourage farmers to grow crops on flooded lands.