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BEIJING, Sept. 17 (Xinhua) -- The People's Bank of China (PBOC), or the central bank, announced Friday it would continue the country's moderately easy monetary policy while making it better-targeted and more flexible in the coming months of this year.The PBOC made the announcement in its report on China's financial stability, which was released on the PBOC's website.The PBOC said in the next stage it needs to skillfully handle the relationship between maintaining steady and rapid economic development, restructuring the economy and managing inflation expectations.Chinese banks should continue supporting the country's economic restructuring, guard against risks, change profit structures, and improve the capital replenishing and restriction mechanism, the central bank said in the announcement.The announcement noted that local government debt was rising quickly, corporate liquidity was decreasing with a high current debt ratio, and credit card advances were increasing despite mounting financial assets held by residents and the low debt level.It said the global financial crisis had revealed limitations and gaps in the existing regulatory system. To prevent systemic risks, the central bank would combine macro and micro-prudential supervision in its policy package.

BEIJING, Oct. 12 (Xinhua) -- The central parity rate of the yuan, China's currency Renminbi (RMB), dropped 43 basis points Tuesday to 6.6775 per U.S. dollar, according to the data released by the China Foreign Exchange Trading System.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 Tuesday's central parity, the Chinese currency has strengthened against the U.S. dollar by 2.19 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 9.2574 Tuesday, higher from 9.3215 on Oct. 11, the previous trading day.The yuan's rate against 100 yen was 8.124 Tuesday, compared with 8.1276 on Monday.The yuan's rate against the British pound was 10.6042, compared with 10.6311 on the previous trading day.The central parity of RMB against the U.S. dollar is based on a weighted average of enquired prices from all market makers before the opening of the market in each business day.The central parity of RMB against the other five currencies is based on the central rate of RMB against the U.S. dollar of the same business day as well as the exchange rates of the five currencies against the U.S. dollar at 9 a.m. (0100 GMT) of the same business day in the international foreign exchange market.

ISTANBUL, Oct. 8 (Xinhua) -- Chinese Premier Wen Jiabao met with Turkish President Abdullah Gul here Friday on bilateral relations.Wen said China and Turkey have witnessed frequent high-level bilateral exchanges, steady growth of economic, trade and investment cooperation, and good cooperation in regional and international affairs since the establishment of diplomatic ties between the two countries.The establishment of a strategic relationship of cooperation, which the two sides agreed upon Friday, is in the fundamental interests of the two countries and the peoples and is beneficial to world peace and development, he said. Chinese Premier Wen Jiabao (R) meets with Turkish President Abdullah Gul in Istanbul, Turkey, Oct. 8, 2010.Wen said China is willing to work together with Turkey on the implementation of the important consensus and agreeements that the two sides have reached to turn a new chapter in bilateral relations.Gul said Wen's successful visit to Turkey is sure to bring bilateral relations to a new level.He reiterated Turkey's adherence to the one-China policy.The Turkish president said that he saw great potential in the bilateral economic and trade cooperation and that Chinese enterprises are welcome to be involved in Turkish economic development.Gul said mutual understanding between the two peoples is very important and he hoped that the two countries will celebrate the 40th anniversary of the establishment of diplomatic ties next year with further expansion of bilateral cultural exchanges and tourism cooperation.Wen arrived in Turkey Thursday on a three-day official visit at the invitation of Prime Minister Recep Tayyip Erdogan.

ROME, Oct. 7 (Xinhua) -- China and Italy enjoy a good foundation for cooperation and China would like to expand that to other areas such as trade and investment, environment and culture, Chinese Premier Wen Jiabao said here Thursday. During a meeting with Italian Prime Minister Silvio Berlusconi on the second day of his two-day visit, Wen applauded the fruitful bilateral cooperation the two countries have enjoyed since establishing diplomatic ties 40 years ago.Wen said China expects to conduct high-level exchanges with Italy and at all levels, promote political mutual trust and expand cooperation.The premier proposed that the two countries should make efforts to promote trade, enhance intellectual property rights protection, work hard to settle trade disputes, and oppose protectionism. Chinese Premier Wen Jiabao (L) and his Italian counterpart Silvio Berlusconi attend a symposium with Chinese and Italian entrepreneurs in Rome, Italy, Oct. 7, 2010.China and Italy could work to build for China a set of complete mechanisms of environmental risk assessment and emergency response and set up an environment technology promotion center, Wen said.He said the two nations should advance their cooperation in technological innovations based on mutual benefit.That, Wen said, would include bringing high-tech industries to the joint technology parks, building technology transfer centers in China, and exploring the possibility of establishing a industrial design center.The premier also suggested the two sides coordinate for a better use of Italy's credit loans so as to bring more Italian investment China's way.

amily members arrange their trips.Two local government officials also attended the press conference, which lasted for about 10 minutes and left no time for questions.Before the press conference, everyone stood in silence tribute to mourn the dead.Tuesday night's disaster ended CAAC's record 2,102 days of safe air travel in China -- 69 months without an accident.Of all the 96 people on board, 54 survived with injures. Most of them were hospitalized in Yichun and 15 serious cases were airlifted to Harbin Wednesday night.Among the serious cases were five children, aged from 6 to 10. Four of them suffered burns and two were still in critical condition, said doctors in Harbin.Yichun Airport reopened Thursday with the landing of an Airbus 320 run by China Southern Airlines early in the afternoon, carrying some family members of the victims. It flew back to Harbin shortly afterwards, carrying passengers who had been laid over Tuesday night.