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SHANGHAI, Oct. 18 (Xinhua) -- China will continue to promote gradual exchange rate reforms, even while the yuan is expected to stabilize at a reasonable level, said Yi Gang, head of the State Administration of Foreign Exchange (SAFE) Monday in Shanghai.Yi, also deputy governor of the People's Bank of China (PBOC), or the central bank, made the remarks at a seminar held by the International Monetary Fund (IMF) to discuss the theme "Macro-Prudential Policies -- an Asian Perspective"."The flexibility of the yuan has increased since China launched exchange rate reforms in June. We will further boost those reforms, but the process will be gradual," Yi said."Judging from the markets, the yuan can remain stable at a reasonable and balanced level," he said.China will also continue to expand domestic demand and boost construction in rural medical services, education and infrastructure, he said.Five years ago, China abandoned a decade-old peg to the U.S. dollar and allowed its currency to fluctuate against a basket of currencies and appreciate by 2.1 percent.Since then, the yuan has strengthened further, albeit slowly, and has risen more than 21 percent against the greenback.On June 19 this year, the Chinese central bank announced that it would further reform the yuan's exchange rate mechanism to improve its flexibility.
BEIJING, Sept. 1 (Xinhua) -- A senior Chinese official Wednesday urged local governments to cooperate with the central government in supervision and inspection work.He Guoqiang, a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, made the remarks at a meeting on central inspection work.Head of the country's discipline and supervision work, He asked officials of local governments, especially those at the county level, to cooperate with central government's inspection teams.The CPC Central Commission for Discipline Inspection, the Ministry of Supervision and other central government agencies have sent inspection teams to more than 900 counties around the country since October 2007 when CPC's 17th National Congress was held.The official said the central government's inspection work is very important for anti-corruption efforts at state-run enterprises.He also pledged to send inspection teams to every state-run enterprise every five years.

NANNING, Aug. 29 (Xinhua) -- Top leaders of the Communist Party of China (CPC) and the Communist Party of Vietnam (CPV) have pledged to further exchange and friendship between the two peoples, especially the youths.The CPC and China's government attach importance to the contact and cooperation between the youths, CPC Central Committee General Secretary Hu Jintao said in a congratulation letter to a get-together of Chinese and Vietnamese youths which was held here Saturday evening.He highlighted the traditional friendship between the two neighboring states and asked the youths to learn from each other and contribute to the development of their homelands and Chinese-Vietnamese ties.In his congratulation letter to the event, Hu's Vietnamese counterpart Nong Duc Manh also made the same appeal.Li Yuanchao, member of the Political Bureau of the CPC Central Committee, and his Vietnamese counterpart Ho Duc Viet addressed the get-together, attended by more than 32,000 Chinese and Vietnamese youths.
BEIJING, Sept. 27 (Xinhua) -- Chinese Vice Premier Wang Qishan Monday pledged to work with Cuba to lift the friendly bilateral relationship to a new level.Wang made the remarks while meeting with Ricardo Cabrisas Ruiz, Vice President of the Council of Ministers of Cuba.Cabrisas is in China to celebrate the 50th anniversary of the establishment of diplomatic ties between the two nations.Cuba was the first Latin American nation to forge diplomatic relations with China, in 1960.Wang spoke highly of the development of China-Cuba ties over the past half a century, noting that the two countries have always supported each other and enjoyed frequent high level visits.China will work with Cuba to expand win-win cooperation and strengthen economic and trade links with a view to further advancing bilateral ties, Wang said.Wang said China will continue to help Cuba within its capacity.Cabrisas thanked China for offering economic and technological assistance to his country.He said Cuba will make concerted efforts with China to promote pragmatic cooperation in various sectors while pushing forward the existing sound bilateral relationship.
BEIJING, Oct. 13 (Xinhua) -- China's safety record has improved in the first nine months of 2010 with fewer accidents and deaths compared with one year ago, Luo Lin, director of the State Administration of Work Safety (SAWS), said Wednesday.From January to September this year, China reported 16,091 fewer accidents, or a decline of 5.8 percent over the previous year, while deaths caused by accidents were down by 5,869 in the same period, Luo said during a a national video conference regarding the country's work safety record.While Luo did not provide the actual figures of accidents or deaths caused during this period, he said: "Though we have made new progress in work safety, the total number of accidents is still too high and the accidents with heavy casualties and caused by illegal production activities were rising dramatically."According to SAWS, China's work safety death ratio per 100 million yuan (14.9 million U.S. dollars) of gross domestic product (GDP) was down 18.6 percent year on year to 0.21 during the January-September period. In other words, every 10 billion yuan of China's GDP will cause 21 deaths in the process of production.In addition, the death ratio per million tonne of coal output dropped 13.3 percent to 0.78 in the same period.According to the last figures released by SAWS in July, workplace accidents had killed 33,876 people in the first half of this year.
来源:资阳报