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BEIJING, Sept. 21 (Xinhua) -- The central parity rate of the yuan, China's currency Renminbi (RMB), jumped 113 basis points, or 0.17 percent, Tuesday to a new record high at 6.6997 per U.S. dollar, according to the data released by the China Foreign Exchange Trading System.Tuesday's yuan central parity against U.S. dollar beat the previous record of 6.7110 per U.S. dollar on Monday and extended the Chinese currency's gains to eight consecutive trading days.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 1.87 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.According to Tuesday's central parity rates, the yuan's value strengthened against all the currencies within its basket with lower rates.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 8.7522 Tuesday, lower from 8.7595 Monday.The yuan's rate against 100 yen was 7.8204 Tuesday, compared with 7.8275 Monday.The Chinese currency soared 814 basis points against the British pound with the central parity rate being set at 10.42 from Monday's 10.5014.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.
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.
XI'AN, Oct. 25 (Xinhua) -- A senior leader of the Communist Party of China (CPC) has called for improved living standards for people in the country's old revolutionary base areas.He Guoqiang, member of the Standing Committee of the Political Bureau of the CPC Central Committee and Secretary of the CPC's Central Commission for Discipline Inspection, made the remarks during a visit to northwest China's Shaanxi Province from Oct. 21 to 24.Shaanxi was the cradle of Chinese communists' revolution in the 1930s.He Guoqiang (C front), a member of the Standing Committee of the Political Bureau of the Central Committee of the Communist Party of China (CPC) and chief of the CPC Central Commission for Discipline Inspection, talks with the working staff at a plant of Xi'an Aircraft Industry (Group) Company Ltd. in Xi'an, capital of northwest China's Shaanxi Province, Oct. 24, 2010. He Guoqiang made an inspection tour in Shaanxi from Oct. 21 to 24.Visiting regions hit by the devastating earthquake of May 12, 2008, He asked students and residents to study hard and contribute to the construction of their hometowns and the country.He urged aviation experts at the Xi'an Aircraft Industry Co. Ltd. to improve the company's innovation abilities and acquire more core technologies so as to produce China's own large passenger jet aircraft as soon as possible.
BEIJING, Oct. 20 (Xinhua) -- Chinese Premier Wen Jiabao Wednesday said the country's 12th five-year development plan, starting in 2011, should reflect the consensus of the entire society and motivate people from all walks of life.He also encouraged national political advisors to actively offer suggestions for the plan.Wen made the remarks in Beijing at a meeting of the Standing Committee of the 11th National Committee of the Chinese People's Political Consultative Conference (CPPCC), China's top advisory body.The national political advisors convened their meeting two days after the Communist Party of China (CPC) Central Committee ended a four-day plenary session that set the outline of the 12th five-year plan, with key objectives in economic restructuring and improving living standards nationwide among others.In Wednesday's meeting, Wen said the State Council, or the Cabinet, would draw up the plan as outlined by the CPC Central Committee.He also said the theme of the 12th five-year plan was "scientific development" and would require China to accelerate the transformation of its economic growth mode, which he called "a strategic task of great urgency."The meeting was presided over by Jia Qinglin, chairman of the CPPCC National Committee.
BEIJING, Sept. 9 (Xinhua) - China's top economic planning agency Thursday urged authorities nationwide to step up supervision to stabilize prices in food, transportation and tourism during the upcoming holidays.Focus should be attached to cracking down on price rigging, including circulating misleading or false information about price hikes, commodity hoarding or forcing up prices of grain, cooking oil, meat, eggs and dairy products, said an official from the National Development and Reform Commission (NDRC).The official also asked involved departments to ramp up measures to regulate prices of public transportation and in the tourism industries, while curbing arbitrary price hikes and irregular charges.Complaints and reports from the public will be accepted at hotline phone number "12358", said the official.This year's Mid-autumn Festival holiday is Sept. 22 to 24, and the National Day holiday lasts from Oct. 1 to 7.