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BEIJING, Sept. 16 (Xinhua) -- Chinese Vice Premier Wang Qishan has vowed to enhance trade cooperation with the U.S. state of Washington.He told visiting Washington Governor Christine Gregoire in Beijing Thursday that China was ready to boost friendly ties with Washington State, and deepen cooperation in trade and investment to increase mutual understanding and trust.Wang said a positive, cooperative and comprehensive China-U.S. relationship was in the fundamental interests of both peoples. Gregoire said Washington State wanted to strengthen substantial cooperation with China in areas such as aviation, information technology, agriculture and forestry. Chinese Vice Premier Wang Qishan (R) shakes hands with U.S. Wynn Resorts CEO Steve Wynn in Beijing, capital of China, Sept. 16, 2010.

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.

WASHINGTON, Oct. 6 (Xinhua) -- China's growth is projected to average 10.5 percent in 2010 and 9.6 percent in 2011, driven by domestic demand, the International Monetary Fund (IMF) said in a report Wednesday.The Washington-based international lending agency made the projection for the annual fall meetings this weekend of the 187-nation IMF and its sister lending organization, the World Bank."The slight moderation in recent activity is expected to continue through 2011 in light of tighter quantitative limits on credit growth, measures to cool off the property market and limit bank exposure to this, and the planned unwinding of fiscal stimulus in 2011," the IMF said in its report.The report said this year's sustained growth in retail sales and industrial production confirms that private sector activity has advanced beyond the lift from government stimulus."On average over 2010-11, private domestic demand is poised to contribute two-thirds of near term growth, and government activity about one third, whereas the contribution from net exports will be close to zero," the report said.Despite the robustness in domestic demand, the pickup in inflation in 2010 reflected mainly higher food prices rather than core inflation, the report said.The report said China's increasingly wide trading network is driving growth in numerous economies, especially commodity exporters.The report said Asia's medium-term growth depends on the rebalancing of drivers of growth -- greater reliance should be put on domestic markets instead of foreign demand.The report said such a rebalancing in China, the world's second largest economy, is critical to enhance the role of household consumption in domestic growth.The report also recommended that China implement reforms to health care, education, and pension systems to enhance the social safety net.

HANGZHOU, Sept. 11 (Xinhua) -- Nearly 1,000 graves were damaged in a mud flow that hit east China's Zhejiang Province Saturday after torrential rains, caused by tropical storm Meranti, triggered landslides, a debris flow and delayed flights.However, no causalities have been reported as of 11 p.m. after Hangzhou, capital of Zhejiang, was hit by nine landslides and a debris flow, said Zhejiang flood control officials.After the mud flow damaged 952 graves at the Meinushan Cemetery in Binjiang District, the district government ordered work crews to relocate exposed remains to safe places and reinforce existing graves, said officials.Torrential rains have been pounding the city since 4 a.m. Officials reported that by 7 a.m. the rainfall has reached 232 mm, a rarely seen accumulation in only three hours.In Shanghai, more than 300 outgoing flights, both domestic and international, were delayed for more than 30 minutes as of 5 p.m. at Shanghai Pudong International Airport.However, no flights have yet been canceled, according to airport security staff.Also, inbound flights have not been seriously affected, with fewer than 10 flights being delayed prior to landing, they said.Additionally, flights were not affected at the other civilian airport, Shanghai Hongqiao International Airport.

BEIJING, Sept. 13 (Xinhua) -- China wishes to bring its cooperation with the World Bank to higher levels, Vice Premier Li Keqiang said here Monday, the 30th anniversary of China's cooperation with the bank."Both sides should seize the new cooperation opportunities as China strives to restructure economy, improve people's livelihood and maintain sustainable development," he said during his meeting with Robert Zoellick, President of the World Bank.China and the World Bank have extensive cooperation in poverty relief and development projects both in China and other countries in the world. The success rate of the bank's projects in China are among the highest in the world, Li said.Chinese Vice Premier Li Keqiang (R) meets with World Bank President Robert Zoellick in Beijing, Sept. 13, 2010."The cooperation between China and the World Bank is fruitful and mutually beneficial," he added.The World Bank wishes to further expand cooperation with China and to introduce China's experience of reform and development to other developing countries, said Robert Zoellick.