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BEIJING, April 27 -- The yuan will remain stable against the U.S. dollar as China will take a cautious and stable position in its foreign exchange investment. The Chinese currency gained against the US dollar in the past week and ended at 6.8273 last Friday, according to the China Foreign Exchange Trade System. The yuan closed at 6.8311 by the end of the previous week. China will continue its policy of diversifying its huge amount of foreign exchange reserves, the currency regulator said last Friday. Hu Xiaolian, head of the State Administration of Foreign Exchange, told Xinhua news agency that it will stick to major currencies and high-quality assets in its foreign exchange investments. China's overseas earnings hit 82.5 billion U.S. dollars in the past year, an 8-percent rise from a year earlier, according to data released by the administration last Friday. Hu also noted the positive outlook of China's economy has lessened concerns over a depreciation in the yuan.
BEIJING, May 1 (Xinhua) -- On the occasion of the International Labor Day on Friday, Chinese Premier Wen Jiabao visited workers at a metro construction site in Beijing, extending festival greetings and encouraging them to "strengthen confidence to overcome difficulties brought about by the financial crisis and the influenza epidemic." Wen told the workers that this year is a very difficult one for China as the country is hit hard by a global financial crisis. Chinese Premier Wen Jiabao (2nd L) talks with workers as he visits a construction site of Beijing subway in Beijing, capital of China, May 1, 2009. Wen expressed his best regards to the workers here.He added the recent outbreak of H1N1 influenza epidemic (swine flu) in some countries has affected China's economic and social development. The premier said any difficulty can be overcome as long as people have firm confidence and there is strong leadership of the Chinese Communist Party and the government. Chinese Premier Wen Jiabao (2nd R) trims vegetables with a canteen worker as he visits a construction site of Beijing subway in Beijing, capital of China, May 1, 2009. Wen expressed his best regards to the workers hereArriving at the construction site of the metro route No.9 along the capital's southern fourth-ring road, Wen wished workers festival happiness and encouraged them to "care and help each other like brothers." Part of the north-south metro line is due to open within this year. "How long have you been in Beijing?" Wen asked one of the migrant workers. "Ten years," the worker replied. "Then you've already a Beijinger," Wen said. While visiting the construction site, Wen asked detailed questions about the metro construction progress. "Have your family come to Beijing for the festival?" the premier asked a worker Hui Youquan who was busy setting up a reinforcing steel and spar frame on top of the metro station. Hui said his family is still at hometown. Wen told the workers Beijing citizens would be grateful to them for the comfortable subway. He also worked with workers on the spar frame. He said migrant workers have made great contribution to the country's industrialization and urbanization. "You have already become a main force of China's working class," Wen said, extending his "gratitude and respect." The premier said the Party and government have adopted a series of measures to improve migrant workers' working and living conditions, including strengthening their training, establishing a comprehensive social security system and paying great attention to their work safety. A comprehensive mechanism covering work injury, medical care and pension are being established, he said, adding that safety monitoring devices have been installed on construction sites. While helping some female workers to trim vegetables, Wen inquired about their working and living conditions. Entering a canteen, he asked chefs to pay attention to food hygiene and ensure workers to have tasty meals. Wen felt satisfied when he learned that workers could watch television, read newspapers and magazines and even practise handwriting in their spare time

BEIJING, July 17 (Xinhua) -- Chinese Premier Wen Jiabao attended Friday the cremation ceremony of renowned philosopher, religion scholar and historian Ren Jiyu, who died on July 11 at the age of 93. Ren was born in 1916 in Pingyuan County in east China's Shandong province. He joined the Communist Party of China (CPC) in1956. "Ren conducted research and education in the fields of Chinese philosophy and religion for a long time. He has made significant contributions to the country's cultural industry by compiling historical materials," said a statement issued by the Publicity Department of the CPC Central Committee. Li Changchun (R), a member of the Standing Committee of the Political Bureau of the Central Committee of the Communist Party of China, shakes hands with a relative of renowned Chinese scholar Ren Jiyu during Ren's funeral in the Babaoshan Revolutionary Cemetery in Beijing, capital of China, July 17, 2009. Ren, outstanding philosopher, religion scholar, historian and honorary director of the National Library of China, died on July 11 at the age of 93.The cremation ceremony was held Friday morning at the hall of the Beijing Babaoshan Cemetery. Li Changchun, a member of the Standing Committee of the CPC Central Committee Political Bureau, also attended the ceremony. Chinese President Hu Jintao, along with former President Jiang Zemin, Wu Bangguo, Wen Jiabao, Jia Qinglin, Li Changchun, Xi Jinping, Li Keqiang, He Guoqiang and Zhou Yongkang offered their condolences to Ren's family after Ren's death.
BRUSSELS, May 7 (Xinhua) -- The European Union (EU) and China should work together to ward off potential surge of protectionism amid the global economic slump, Chinese Vice Premier Wang Qishan said on Thursday. "China and the EU should stand firm against any form of protectionism for the sake of a global economic recovery," Wang said in an opening remark at a high-level economic and trade dialogue between the EU and China, two major trading powers in the world. The EU is now China's largest trading partner, while China is the second largest of the EU. Trade volume between them grew to 425.58 billion U.S. dollars in 2008, an increase of 19.5 percent over the previous year despite the impact of the financial crisis, according to figures from China's customs authorities. Wang said the two sides have every reason to avoid protectionism, either for the urgent need to work out of the current crisis or due to the irreversible trend of globalization. Chinese Vice Premier Wang Qishan (C), Chinese Minister of Commerce Chen Deming (L) and Minister of Finance Xie Xuren attend the Second China-European Union High Level Economic and Trade Dialog at the EU headquarters in Brussels, capital of Belgium, May 7, 2009He warned that protectionism, featuring the pursuit of benefits for one country at the expense of others, would in the end protect nobody, but lead to retaliation and make the crisis even worse, which has been proved by the history. The world economy paid a heavy price for the prevalence of trade protectionism during the Great Depression in the 1930s, which resulted in the contraction of global trade by two thirds. As the world economy plunged into its first-ever recession since the Second World War in the wake of the financial crisis, there is an increasing risk that more governments would resort to protectionist measures. For the EU, there has been more frequent use of anti-dumping measures against Chinese products, which is a major concern of the Chinese side. Wang urged the EU to take full account of China's concern and make real efforts to remove trade and investment barriers, adding the economies of China and the EU have much to offer each other and the two-way trade holds a huge potential. Chinese Vice Premier Wang Qishan speaks during the Second China-European Union High Level Economic and Trade Dialog at the EU headquarters in Brussels, capital of Belgium, May 7, 2009. He in particular called on the EU to relax restrictions on the transfer of advanced green technology to China so as to promote sustainable development. "The EU has an edge in new energy, energy-efficient building and waste recycling. There is a vast market in China for those green investments," Wang said. For the Chinese part, Wang said China will continue to send buying missions to Europe and encourage Chinese companies to increase procurement and imports from the continent as a concrete move to boost trade with the EU in the difficult times. In February, a big delegation of Chinese companies visited Germany, Switzerland, Spain and Britain. They struck 13.6-billion-dollar deals with their European counterparts. EU Trade Commissioner Catherine Ashton, who co-chaired the two-day dialogue with Wang, said the 27-nation bloc would remain committed to free trade. "We stand by our commitments to free trade and resist call of protectionism," Ashton said, adding everyone would benefit from further opening up. Ashton said the EU and China, as two key players in the world economy, should work together to meet global challenges, including a global free trade agenda. "What we do have an impact on the global economy. We have common interest to maintain openness, especially moving forward the Doha Round of world trade talks," she said. Her view was echoed by Wang, who called for joint efforts with the EU to help the world economy recover. "The urgent task now is to take decisive measures to kick-start the world economy," Wang said. "The EU is the world's largest economy, while China is the largest developing country. The economic and financial situation in the EU and China has a direct impact on the world economic recovery and financial stability." The high-level economic and trade dialogue, which is held annually between the EU and China, kicked off in Brussels on Thursday. The two-dialogue brought together key policy makers from both sides, including Wang and EU Trade Commissioner Catherine Ashton. A further eight EU Commissioners and a total of 12 Chinese ministers or vice-ministers are participating in the far-reaching talks, which cover a series of topics, such as trade, investment, small and medium-sized companies, customs cooperation, sustainable development, product safety and intellectual property rights. It is the second time that the EU and China hold the high-level economic and trade dialogue, which was agreed at a Sino-EU summit in November 2007. The first meeting was held in Beijing in April 2008.
TOKYO, June 9 (Xinhua) -- Chinese Vice Premier Wang Qishan on Tuesday attended an unveiling ceremony in Japan for Haibao, the mascot of the 2010 Shanghai World Exposition. "We will try to hold a successful, splendid and unforgettable Expo, building a bridge of communication, understanding and cooperation for the people of China, Asia and other nations of the world," Wang said in Aichi Prefecture, where Japan held an Expo in 2005. Masaaki Kanda (L), governor of Aichi Prefecture, presents the mascot of the 2005 Aichi World Exposition "Kiccoro" to Chinese Vice Premier Wang Qishan in Aichi Prefecture, Japan, June 9, 2009Wang said his trip to Aichi was aimed at learning from Japan's experience in holding such expositions and making the Shanghai Expo better known. Masaaki Kanda, governor of Aichi Prefecture, who also attended the ceremony, said the Japanese are looking forward to the Shanghai Expo. He expressed his belief that the exposition will be a success and as splendid as the 2008 Beijing Olympics. Wang arrived in Aichi Prefecture after attending the second China-Japan high-level economic dialogue in Tokyo. Chinese Vice Premier Wang Qishan (front, L) talks with Executive Vice President of Toyota Motor Corp. Akio Toyota (front, R) in Aichi Prefecture, Japan, June 9, 2009. Wang Qishan visited the Toyota Motor Corp. on Tuesday
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