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BEIJING, Dec. 31 (Xinhua) -- On the last trading day of 2010, the Chinese currency, the yuan, strengthened to a record high for a second consecutive day, at 6.6227 per U.S. dollar, after 11 consecutive days of gains.The central parity rate of the currency, also known as the renminbi (RMB), was set two basis points stronger than Thursday's 6.6229, according to the China Foreign Exchange Trading system.China's central bank announced on June 19 it would further reform the formation mechanism of the yuan exchange rate to improve its flexibility.

BEIJING, Nov. 25 (Xinhua) -- China's central bank warned about the risk of credit card related bad debt on Thursday as money owed 180 days past the due date was on the rise in the third quarter.Credit cards debt 180 days past the due repayment date stood at 7.92 billion yuan (1.19 billion U.S. dollars) by the end of the third quarter, up 8.5 percent from the second quarter, according to a statement released Thursday on the website of the People's Bank of China.Taking this into account, the central bank warned commercial banks to pay close attention to risks associated with credit card related bad debt.Money owed 180 days past the due repayment date accounted for 2.1 percent of the total amount of debt by the end of the third quarter, down 0.4 percentage point from the second quarter, according to the statement.

THE HAGUE, Nov. 29 (Xinhua) -- As the 2012 deadline for the complete destruction of chemical weapons approaches, China Monday called for parties to demonstrate their political will and speed up the destruction process.During the 15th session of the Conference of the States Parties of OPCW, Ambassador Zhang Jun, Permanent Representative of China to the Organization for the Prohibition of Chemical Weapons (OPCW) said the Chemical Weapons Convention has been playing "an important role" in removing the threat of chemical weapons.Zhang said: "The timely completion of destruction activities constitutes a core obligation under the Convention. The destruction of chemical weapons is the most important, pressing and overriding task for the OPCW at present and in the years to come."

BEIJING, Dec. 11 (Xinhua) -- China's urban fixed asset investment rose 24.9 percent in the first 11 months year on year to hit 21.07 trillion yuan (3.19 trillion U.S. dollars), China's statistics authority said Saturday.The growth rate was 0.5 percentage points higher than that during the first ten months, according to figures released by the National Bureau of Statistics (NBS).The urban investment in the primary, secondary and tertiary industries rose by 16.6 percent, 22.7 percent and 26.9 percent respectively.During the first 11 months, investment in central government projects rose 10.2 percent year on year to 1.68 trillion yuan, while investment in local government projects was up 26.4 percent to reach 19.39 trillion yuan, according to the NBS figures.Property development investment was up 36.5 percent year on year to reach 4.27 trillion yuan, the figures showed.During the same period, state-owned and state-controlled investment reached 8.75 trillion yuan, up 19 percent from a year earlier.Investment in railway constructions and transportation jumped 25.3 percent to 582.2 billion yuan, while investment in petroleum and gas exploration climbed 5.8 percent to 219.4 billion yuan for the first 11 months.

LUANDA, Nov. 20 (Xinhua) -- China and Angola announced Saturday that they have decided to establish a strategic partnership to continue shoring up bilateral cooperation.The leap forward in China-Angola ties came after visiting Chinese Vice President Xi Jinping met with Angolan President Jose Eduardo dos Santos and held talks with Vice President Fernando da Piedade Dias dos Santos.Both sides agreed, they said in a joint communique, that China and Angola are strategic cooperation partners, and that boosting their comprehensive collaboration serves the fundamental and long-term interests of both nations.In line with this understanding, and in order to grasp the opportunities and meet the challenges in the new international landscape, Beijing and Luanda decided to establish a strategic partnership, the document added.The two sides also expressed satisfaction with the steady improvement of their mutual political trust, the continued expansion of their cooperation in trade, culture and many other fields, and the increasingly close coordination on regional and global affairs.Looking ahead, the two sides agreed to continue high-level dialogues, further exchanges between governments, legislatures and parties of the two countries and better communications on bilateral ties and other major issues of mutual concern.Meanwhile, Beijing and Luanda are committed to hammering out a proper mechanism to guide bilateral cooperation at the earliest possible date, and harmonizing their cooperative system with future developments of bilateral relations, according to the joint communique.The two sides also agreed that both countries will constantly improve their cooperation mechanism and enhance the level and quality of their economic and trade cooperation, based on the principles of mutual benefit and common development.The two sides, the document said, will continue to encourage and support their enterprises and financial institutions to expand bilateral trade and investment, giving priority to strengthening cooperation of mutual benefit in such areas as agriculture, industry, infrastructure, urbanization, energy and mineral resources exploration.Also, the two sides will deepen their cooperation in multilateral mechanisms, like the Forum on China-Africa Cooperation, and the Forum on Economic and Trade Cooperation between China and Portuguese Speaking Countries, it added.Additionally, the two sides agreed to further strengthen their exchanges and cooperation in the humanistic area, including education, health, science and technology, sports and journalism as well as human resources training.The two sides reaffirmed that both countries share consensus in areas like safeguarding the common rights of developing countries,and making the international economic order more reasonable and fair.The two sides also will continue to strengthen their consultation and cooperation in such international organizations as the United Nations, the World Trade Organization and maintain coordination on the major international and regional issues, the joint communique said.During Xi's visit, the two sides signed various documents to strengthen and expand cooperation between the two countries.The joint communique also said that Xi's Angolan counterpart has accepted an invitation of the Chinese vice president to visit China.