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PYONGYANG, Oct. 24 (Xinhua) -- The government of the Democratic People's Republic of Korea (DPRK) held a grand banquet here on Sunday to mark the 60th anniversary of the entry of the Chinese People's Volunteers (CPV) into the Korean front.Premier Choe Yong Rim of the DPRK's cabinet and Vice Chairman Guo Boxiong of China's Central Military Commission joined CPV veterans and hundreds of others on the occasion on the eve of the Monday anniversary.The CPV fought alongside Korean army and people during the war, helped the DPRK win liberation, and defended regional and global peace, said Yang Hyong Sop, vice-president of the Presidium of the DPRK Supreme People's Assembly.He conveyed, on behalf of his country, warm greetings to CPV veterans as well as the Chinese army and people, adding that the DPRK is committed to enhancing its traditional friendship with China and passing it from generation to generation.In his address, Chinese ambassador Liu Hongcai recalled the profound friendship forged on the battlefields between the two peoples and two armies, saying their heroic feats contributed to upholding justice and opposing power politics, and their victory belongs to all peace-loving people across the world.China will always remember all those who had given their lives for peace and make concerted efforts with the DPRK to promote regional and global peace and development, he added.Before the banquet, Chinese delegates watched an adapted Chinese opera masterpiece performed by DPRK artists.

TIANJIN, Sept. 14 (Xinhua) -- China could meet the full-year inflation target of 3 percent if macro-control policies were effective, a senior economic planner said Tuesday at the World Economic Forum's annual Summer Davos meeting."China has paid high attention to managing inflation expectations by stepping up macro-controls this year," said Zhang Xiaoqiang, deputy director of the National Development and Reform Commission."If managed well, the full-year target of consumer price index of around 3 percent is still attainable," he said.The CPI climbed to a 22-month-high of 3.5 percent in August because of rises in food and fuel prices and a low comparison base.Food prices are likely to remain within reasonable range after macro-control and there is still room for industrial products to fall due to heated competition, Zhang said.The chance is also small for import prices of commodities to experience a dramatic rise again in the rest of the year after earlier retreating, he said.

WUHAN, Sept. 8 (Xinhua) -- Chinese Vice Premier Li Keqiang has called on local authorities to "put people first" and give priority to the improvement of people's incomes when forging ahead with the country's ambitious health care reform.To ensure people have an equitable access to basic health care is not only an important task of the health care reform, but an important means to promote social equity, resolve financial difficulties for people, and boost the country's employment, he said during a two-day inspection tour in central China's Hubei Province that began Monday.China has launched a health care reform to last from 2009 to 2011. Under the 850 billion yuan (125 billion U.S. dollars) plan, the government promised universal access to basic health insurance, the introduction of an essential drug system, improved primary health care facilities, equitable access to basic public health services and a pilot reform of state-run hospitals.Efforts would be made to comprehensively strengthen basic public services, build a safety net for residents to make sure they have basic living expenses, accelerate the reform of the income distribution system, and increase the income of low-income groups in order to ensure the benefits of China's reform and development are shared by all people, he said.8 In a tour to Dongshan Village of E'zhou City, the vice premier stressed the importance of innovation in the local development mode, the improvement of farmers' incomes and social development in rural areas.When visiting a community health care service station, Li called on medical staff to improve their professional competence and expand the scope of their service for the people.

BEIJING, Oct. 13 (Xinhua) -- The value of yuan, China's currency Renminbi, hit new high against U.S. dollar Wednesday as the central parity rate of the yuan was set at 6.6693 per U.S. dollar, according to the data released by the China Foreign Exchange Trading System.Wednesday's central parity rate beat the previous record of 6.6732 on Oct. 11.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 Wednesday's central parity, the Chinese currency has strengthened against the U.S. dollar by about 2.32 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.The PBOC released the yuan's central parity rates against a basket of currencies -- the U.S. dollar, the euro, the Japanese yen, the Hong Kong dollar, the British pound and the Malaysian Ringgit.The yuan's parity rate against the euro was set by the central bank at 9.294 Wednesday, lower from 9.2574 on Oct. 12, the previous trading day.The yuan's rate against 100 yen was 8.1477 Wednesday, compared with 8.124 on Tuesday.